THANI

Year End 2022 Performance

 K.Kovit Rungwattanasophon
Managing Director
Chairman of Executive committee
K.Unchan Srisom
Sr.Director of Accounting

RATCHTHANI LEASING
Contents

1 Company Executive Summary

2 Year End 2022 Performance

 Company
Executive
Summary

RATCHTHANI LEASING
 Key Development

One of the list of

sustainable stocks or
Thailand Sustainability
Investment (THSI)

Best Company 2021

Performance Awards

”A-(Stable)”company
rating from TRIS Rating
2022
Opened another branch
2016 Member of Thailand
at Chiang Rai
Sustainability Investment
(THSI) for the year 2022 by
The Company increased the Stock Exchange of Thailand
capital by Right Offering for 2 consecutive years
and Thanachart Bank held
2013
65.18% stake in the 2020
Company
Opened 4 branches
”A-(Stable)”company rating
i.e. Khon Kaen
2011 2014 from TRIS Rating
NakhonRatchasima,
Listed in the Stock Phitsanulok, and Rayong
Opened 2 another
Exchange of Thailand branches at Song Kla
2008 2012 (Hat Yai) and Nakorn
2002 Sawan
2010 “BBB+” company
rating from TRIS
1988 2003 Thanachart Bank Rating
became the major
The Company was “BBB” company shareholders of the
incorporated under rating from Company. held 48.35%
TRIS Rating Stake in the Company
the original name
“Ratchthani Leasing Opened another branch
Co., Ltd.” at Surat Thani

Source: Company data

 Key Highlight 2022

1 Member of ESG100 Index

2 Member of SET100 Index

3 Member of FTSE SET Mid Cap Index

Member of Thailand's Private Sector Collective

4 Action Coalition Against Corruption (Re-certification)

Member of Thailand Sustainability Investment (THSI)

5 for the year 2022 by the Stock Exchange of Thailand for 2
consecutive years

60.61% 99.99%
Thanachart SPV1 56.84%

TCAP 3.77%

Source: Company data

Automotive Industry Overview

Passenger Car Sales Record Truck Sales Record

34.25%
15.42% 14.87%
-0.32% 7.61%
-16.01% -5.57% 0.28%
-31.02% -15.58%

399,657 398,386 31,143 31,230

29,101 27,479
23,197

108,566 92,739 7,951

274,789 265,123 8,914
8,127
230,794 6,939

99,107 6,960 7,587

100,781 86,028 64,432 7,462
7,621 7,330
70,795
64,798 6,528
103,920 69,009 7,835
100,179 48,538 7,451
6,939 6,998
41,367 60,167
51,879 4,845

90,131 102,620 7,316 7,857

78,385 59,582 75,726 6,414 6,212 4,864

2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
%Growth (YOY) %Growth (YOY)

Total Total
 Segment Hire Purchase Port

Truck (70%) Luxury Cars (23%)

New Truck (69%) Super Car

Hi-End Car
Used Truck (31%)

Motorcycle (2%) Taxi (1%) Other (4%)

Big Bike Taxi

Tractor
Passenger Car

Pick-Up
Bus

Source: Company data

 Year End 2022
Performance

RATCHTHANI LEASING
 Business Plan 2022

Source: Company data

 Profit and Loss

Source: Company data

 Key Ratio

Source: Company data

 Assets

+0.2 +9.5
Unit : MB HP portfolio expanding by 8.75% from the end of 2021 QoQ YoY

129 208
77 Loans
48 2,192 1,808
1,526
1,515 471 439
1,312 485
512
540 Other

50,229 51,028 51,455 Leasing

47,371 48,542

Hire Purchase

4Q21 1Q22 2Q22 3Q22 4Q22

Source: Company data

 Liabilities
Borrowing

Unit : MB (0.6) +10.8

QoQ YoY

Float Rate
0%

Short Term Fixed Rate

40% 100%
4Q21 1Q22 2Q22 3Q22 4Q22

Long Term
60%
Borrowings Breakdown

Unit : MB

22,637 23,850 24,462

18,839 20,637

17,796 16,591 16,898 16,959 16,115

4Q21 1Q22 2Q22 3Q22 4Q22

Short term Borrowing Long Term Borrowing

Source: Company data

 Profitability & Total Income

Net Profit ROA and ROE (%)

Unit : MB Net profit ROE ROA

3.65% 3.70% 3.84% 3.50% 3.40%

3.38%
1,709 1,753 2.60%

15.88% 15.65% 16.75% 15.24% 15.27% 14.65%

454 455 492 453 11.49%
353

4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22 4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22

Total Income

913 926

3,430 3,511

240 239 232 234 227

821 844 867 896 904

4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22

Other Income Interest Income Other Income

Interest Income

Source: Company data

 Interest Income & Expenses

Interest Income and Interest Expenses Yield, Cost of Fund, and Spread

Unit : MB
Spread Cost of Fund Yield

3,511
3,430
6.84% 7.05% 6.81%
6.61% 6.76% 6.76% 6.72%

2.43% 2.41% 2.34% 2.27% 2.46% 2.49% 2.40%

844 867 896 904

821
913 926

4.19% 4.43% 4.43% 4.49% 4.27% 4.55%

225 220 224 230 252 4.41%

4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22 4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22

Interest Income Interest Expense Interest Income

Interest Expense

Source: Company data

 Operating Expenses

Operating Expenses Cost to Income Ratio (%)

Unit : MB

(4.84) +28.72 774

QoQ YoY

585
23.42%
22.80%
22.11%
21.99%
19.56%
18.64%

211 17.64%
194 200
156 169

4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22 4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22

Source: Company data

 Expected Credit Loss
ECL

ECL Credit Cost

Unit : MB Credit Cost

93.2 117.0
QoQ YoY

1.77%

1.20%
1.02% 1.08%
586 0.89%
555
0.56%
0.92%
236

109 126 122

71

4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22 4Q21 1Q22 2Q22 3Q22 4Q22 12M21 12M22

Source: Company data

 NPLs and Allowance for ECL

NPL NPL Ratio and Coverage Ratio (%)

Unit : MB

8.8 (27.7)
NPL Ratio Coverage Ratio
QoQ YoY

117.30% 116.61% 115.70%

101.26%
79.71%
1,863
1,514 1,347
1,244 1,238
3.77% 2.99% 2.38% 2.34% 2.52%

4Q21 1Q22 2Q22 3Q22 4Q22 4Q21 1Q22 2Q22 3Q22 4Q22

Total Loans

+0.9 +8.7
QoQ YoY

51,629 52,101
50,791
49,102
47,911

4Q21 1Q22 2Q22 3Q22 4Q22

Source: Company data

THANK YOU