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Asia Plus Securities
Opportunity day
March 4 , 2014
2
1 ASPOverview
Financial Highlights2
Financial Ratios3
3
���� ASP Overview 1
4
ASPVision & Mission
To become Industry LeaderIndustry Leader by providing a full range of financial services under fast evolving globalization age
Vision
� Expand financial instruments and services
� Widen knowledge in financial innovation
� Extend distribution network
� Diversify and balance sources of income
� Responsive to changes and competition
Mission
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Our Strengths
1. Full financial services
2. High caliber and experienced staffs
3. Extensive global network
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Brokerage
•Stocks•Futures /
Options•E-trading
•Equity / Fixed Income
•Listed / Non-listed Security
•Local / International
•Personal Financial Advisory Service (Wealth Management)
•Private Fund
Subsidiaries
•Mutual Fund
•Private Fund
•Foreign Investment Fund
•Financial Advisory Service (IB)
•M & A
•Corporate Restructuring
Asset Plus Fund Management Co., Ltd.
Asia Plus Advisory Co., Ltd.
100% 100%
•Derivative Warrant
•Equity Linked Notes
•SBL•ETF
•Equity•Fixed-Income
•Primary Market for Fixed-Income
•Underwriting and Syndication
InvestmentCapital Market
Equity Derivatives
Global Investment
ASP Group Structure
7
2
ASP: Local Distribution Network
Asia Plus Securities Public Company Limited
Broadest Network 18 branches including Head office– 6 branches in BKK– 12 branches in upcountry
Bangkok Branches
• Phlapphlachai Branch 1, 2• Emporium Branch
• Ladprao Branch• Siam Branch 1, 2• Ngmawongwan Branch
Provincial Branches
• Khon Kaen Branch• Chanthaburi Branch 1, 2• Surat Thani Branch• Sri Racha Branch• Chiang Mai Branch• Nakhon Sawan Branch
• Hat Yai Branch• Phitsanulok Branch• Udon Thani Branch• Chiang Rai Branch• Lampang Branch• Pattaya Branch 1, 2
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Fitch RatingsThailandCredit Analysis as of 11th Dec, 2013
AnalystsParson Singha, CFA+66 2 108 [email protected] Sarayudh+66 2 108 [email protected]
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Million Baht
2013 2012 2011Brokerage 1,815 1,221 1,338 Investment 547 444 310 Asset Management 389 266 250 IB/Capital Market 348 130 108 Others 10 15 7 Total 3,109 2,076 2,013
58% 59% 66%
18% 21% 15%13% 13% 12%11% 6% 5%
2013 2012 2011
Brokerage Investment Asset Management IB Others
ASP Revenue
Consistently well diversify sources on income
Revenue by Business Unit
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2���� Financial Highlights2
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Breakdown by Business Unit (1)
Revenue from Brokerage Business • FY 2013 revenue increases by 49% Y-o-Y
Average Daily Turnover (Million Baht)
2013 2012 2011
SET 43,982 28,106 25,587
ASP 3,644 2,318 2,473
49%
1,3381,221
1,815
2013 2012 2011
Million Baht
Brokerage Business
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Breakdown by Business Unit (2)
Average Commission Rate
0.1820% 0.1860% 0.1928%
0.1500%0.1640%
0.1720%
2013 2012 2011
Market Share by Segment
3% 3% 12%9% 7%7%
88% 90% 81%
2013 2012 2011
Foreign Institutional Retail
Brokerage Business
Industry
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�Maintain balance portfolio of
• Equity (Proprietary Trading, Strategic Investment, Foreign Investment and Private Equity)
• Bonds and Fixed Income
Breakdown by Business Unit (3)
Revenue from Investment Business
(Million Baht) 2013 2012 2011Equity, Bonds, Derivatives 370 296 135
Interest & Dividend 177 148 175
Total Revenue 547 444 310
547
310
444
2013 2012 2011
(Millio
n B
aht)
Investment Business
23%
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20 deals carried over from 2012
•+ 27 deals newly commissioned during the year 2013
•- 21 deals were completed and 4 were cancelled
•The balance of 22 deals comprise of 9 IPOs + 1 POs + 12 advisory assignments carried forward to 2014
Breakdown by Business Unit (4)
348
108130
2013 2012 2011(M
illio
n B
aht)
Fee Income
Investment Banking Business
168%
15
48
Revenue increased by 46% Y-o-Y
Breakdown by Business Unit (5)
Assets under Management +3% Y-O-Y
Assets under Management
Asset Plus & Wealth Plus
22,884 23,263 21,459
12,060 10,532
7,209
2013 2012 2011
Mill
ion
Bah
t. Private FundsMutual Funds 250
266
389
2013 2012 2011M
illio
n B
aht
.
Asset Management Business
Revenue
Revenue
46%
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���� Financial Ratios3
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Financial Ratios
���� ROA & ROE
ROA 13.37
7.96 7.37
2013 2012 2011
ROE 24.83
14.4512.23
2013 2012 2011
Million Baht
2013 2012 2011
1,067 586 505
505
1,067
586
2013 2012 2011
(%) 2013 2012 2011
ROA 13.37 7.96 7.37
ROE 24.83 14.41 12.23
���� Net Profit after tax
81%
18
34.33
28.4925.10
2013 2012 2011
Financial Ratios
2013 2012 2011
0.51 0.28 0.24
EPS (Baht)
0.51
0.280.24
2013 2012 2011
2013 2012 2011
34.33 28.49 25.1
Net Profit Margin (%)
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ASP Awards and Accolades
Our achievements are recognized through various notable awards and accolades
Advisory Broker of the Year – Asia Award 2013 by the European Magazine
Securities Analysts Association Award for Analysts 2012
1. SAA Awards for Analysts 2012 by Retail Investors: Property & Construction Sector2. SAA Awards for Analysts 2012 by Retail Investors: Strategist3. SAA Awards for Analyst 2012: Popular Vote by Press
4. SAA Awards for Analysts 2012 by Retail Investors: Derivatives5. SAA Awards for Analysts 2012 by Institutional Investors: Derivatives
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ASP Awards and Accolades
Best Bond Securities Firm 2011 -By the Thai Bond Market Association (Thai BMA) 2011
Best Mid Cap Corporate Finance House –Alpha Southeast Asia
Asia’s Best Analysts Survey, Property Sector -Wall Street Journal’s and Factset Survey 2011
2010 Best Securities Company, Retail -The Stock Exchange of Thailand
2009 Best Analyst – Property Sector, The Securities Analyst Association
2008 Best Analyst – Property Sector, The Securities Analyst Association
2006 Best Brokerage Services, Retail and Best Research House -The Stock Exchange of Thailand
2005 Best Brokerage Services -The Stock Exchange of Thailand Country Award, Best Brokerage –Finance Asia
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Asia Plus Securities Public Company Limited
Head Office:
Sathorn City Tower, 3rd, 9th and 11th Floor,175 South Sathorn Road, Tungmahamek, Sathorn,Bangkok 10120, ThailandTelephone : 66 (2) 285-1666, 285-1888, 680-1111Fax : 66 (2) 285-1901Home Page: www.asiaplus.co.th
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Disclaimer
Asia Plus Securities Public Company Limited (“the Company”) provides this presentation for the purpose of publishing the Company’s performance and material financial information. In preparing this presentation, the Company has assumed that all the information in all publicly available sources including the public sources. Accordingly, the information has not been independently verified. No warranty or representation, express or implied, is made with respect to the information set out in this presentation, nor will the company be responsible for the consequence of reliance on any opinion or statement set out herein.
Please note that this presentation is an outline on an indicative basis and does not represent a commitment from the company to finance on behalf of the recipient of this presentation in any form. Any unauthorized use, reproduction or distribution in whole or in part of the information contained in this report without the Company’s permission is strictly prohibited. However, the Company reserves the right with its own discretion to amend or modify the information contained in this presentation without any prior notice. The Company shall have no responsibility for any inaccuracy, inappropriateness or incompletion of any information contained in this presentation.
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