E.Sun Financial Holding Co., Ltd. — Interim / Quarterly Report 2024

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E.SUN FHC Financial Review of 4Q 2024

February 2025

Disclaimer

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This Presentation is provided by E.SUN Financial Holding Co., Ltd. (‘E.SUN FHC’). E.SUN makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this is released to the we undertake no presentation public, obligation to update any relevant data to reflect any change hereafter.

This presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business development and economic performance are forwardlooking statements. Those statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation.

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大綱

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• 2024 4Q Financial Performance

• 2024 4Q Business Operation Overview

• Appendix

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E.SUN FHC Summary

• Note: 1. Preliminary figures of 2024

2. Audit figures of 2023

3. Share owned by QFII: 31.28% as Dec 31, 2024

1

4Q24 Business and Financial Review

Financial Performance

• Net revenue of FHC was TWD $76.1 Bn (+14.1%), net profit was TWD $26.1 Bn (+20.1%). (yoy)

• FHC’s EPS TWD $1.63, ROE 10.66%, ROA 0.68%.

• E.SUN Bank reported net profit of TWD $24.5 Bn (+25.4%) and E.SUN Securities’ net profit was TWD $2.2 Bn (+68.8%). Both set record high in profit. (yoy)

Business Development

• Loan balance reached TWD $2.3 Tn (+12.1%), in which corporate loan grew by 12.1%, FX loan grew by 19.7%, and retail loan grew by 12.8%. Deposit balance grew by 10.5%. (yoy)

• Net fee income was TWD $28.2 Bn (+30.8%), wealth management fee was TWD $13.5 Bn (+44.8%), credit card fee was TWD $7.8 Bn (+9.4%), all were at record high. Credit card consumption exceeded TWD $600 Bn and grew by 12.7%. (yoy)

• Asset quality was benign, NPL ratio at 0.14% and coverage ratio at 868.9%.

Business Highlight

• Overseas Expansion: Following the opening of Kumamoto Sub-Branch in 4Q 2024, E.SUN has been approved by FSC on application for Toronto Branch (Canada), Mumbai Branch (India), and Dallas Rep. Office (USA). E.SUN now operates 33 sites in 11 countries or jurisdictions in Asia Pacific.

• Honors and Recognitions: Winner of Taiwan’s Top 10 Sustainable Corporates by the TAISE for 10 years in a row; Recognized as “Climate Leadership”, “Talent Development Leadership”, “Creative Communication Leadership”, and “Workplace Welfare Leadership” by TCSA.

• ESG: E.SUN has been listed in DJSI since 2014, and is rated AAA by MSCI ESG for the third consecutive year.

2

Financial Performance

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Unit: TWD million
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Net ProfitNet Profit

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EPSEPSEPS
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Unit: TWD dollars
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26,084
21,760
20,559
18,027
15,759
2020 2021 2022 2023 2024
ROE
10.95% 10.66%
10.17% 10.03%
8.06%
2020 2021 2022 2023 2024
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1.63
1.54
1.43 1.41
1.10
2020 2021 2022 2023 2024
ROA
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0.66% 0.66% 0.68%
0.61%
0.47%
2020 2021 2022 2023 2024
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Note: Preliminary figures of 2024

3

Net Income of FHC & its Subsidiaries

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Contribution by Subsidiaries Net Income of FHC and its Subsidiaries
Unit: TWD million
2023
Bank 2024
+25.4% YoY
92.8%
26,084.1
24,533.1
21,726.2
19,562.7
+68.8% YoY
Securities
2,175.1
VC 8.2% 1,288.6 1,210.2
-1.0% (260.9)
Bank Securities VC FHC
Note: Preliminary figures of 2024
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4

Net Profit Breakdown

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76,130 (39,736) Unit: TWD million
2024 P&L
(4,144)
(6,144)
26,084
Net Revenue Operating Net Provision Income Tax Net Profit
Expense
+14.1% +6.0% +20.1%
2023 P&L 66,696 (37,502)
(2,682)
(4,764)
21,726
Net Revenue Operating Net Provision Income Tax Net Profit
Expense
Note: Preliminary figures of 2024
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5

FHC Revenue Breakdown

Total Net Revenue TWD 76,130 Million

YoY Comparison

Unit: TWD million

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Net Fee Income
37.0% 2023
+16.8% YoY 2024
33,995 +30.8% YoY
29,100 28,151
Net Interest
21,518
Income
44.7%
16,078
Fixed
13,984
Income, FX
& Others
18.3%
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Note: Preliminary figures of 2024

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Net Interest Income Net Fee Income Fixed Income, FX &
Others
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Net Fee Income Breakdown

Total Net Fee Income TWD 28,151 Million

YoY Comparison

Unit: TWD million

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Corporate
Consumer
Banking
Banking Brokerage & 2023
8.0%
1.3% others +9.4% YoY +44.8% YoY 2024
Wealth
15.0%
13,499
Management
48.0%
9,321
7,811
7,138
4,236
Credit Card 2,868
2,265
27.7% 1,880
311 340
Credit Card Wealth Consumer Corporate Brokerage
Management Banking Banking & Others
Note: Preliminary figures of 2024
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7
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Wealth Management Fee Breakdown

Wealth Management Fee Breakdown

YoY Comparison

Unit: TWD million

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Bond and others
16.9%
2023
Custodian and +101% YoY 2024
+17.3% YoY
trust
5,435
5.6%
5,019
4,280
+32.8% YoY
2,702
2,283
Bancassurance
+22.9% YoY
37.3% 1,719
Mutual fund
762
620
40.2%
Mutual fund Bancassurance Bond and Custodian and
others trust
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Note: Preliminary figures of 2024

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Credit Card Business Breakdown

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Active Cards Active Cards
Unit: Thousand Cards, %
Active Cards Market Share
13.6% 13.4% 13.2%
12.7% 12.7%
4,965
4,692 4,804
4,488 4,531
2020 2021 2022 2023 2024
Note: Market share of Dec 2024
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Card Consumption

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Unit: TWD million
Consumption Market Share
15.5%
14.6% 13.8%
13.0% 13.1%
615,892
546,362
472,743 455,935 485,384
2020 2021 2022 2023 2024
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Per Card Spending (Monthly)

Gross Fee Income

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Unit: TWD
10,337
9,477
8,778 8,621
8,385
2020 2021 2022 2023 2024
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Unit: TWD million
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11,745
10,448
9,221 9,317
8,596
2020 2021 2022 2023 2024
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E.SUN Securities

Operational Highlights

• Net profit of 2024 grew by 69%, driven by robust brokerage fee and interest income.

• ROE 25.9% was the highest among all security houses under FHC.

• Strategic focus: VIP customer engagement and improvement on user experience of digital platform.

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Net Revenue
Unit: TWD Million
5,087
+52.8% YoY
3,330
2,852
2022 2023 2024
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Market Share

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Net Profit
Unit: TWD Million
+68.8% YoY 2,175
1,289
1,004
2022 2023 2024
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10

Overseas Business Development

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Fukuoka Branch
Tokyo Branch
Kumamoto Sub-Branch
E.SUN (China)
Los Angeles Branch
Taiwan
Yangon Branch Hong Kong Branch
UCB (Cambodia)
Dong Nai Branch
Singapore Branch
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Brisbane Branch
Sydney Branch
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Financial Performance

• Overseas branches and subsidiaries pre-tax profit reached TWD 10 billion in 2024, grew by 16% and contributing 32.2% of total net profit.

• Overseas loan balance grew by 17.4%

Business Development

• Kumamoto Sub-Branch opened in 4Q 2024.

• FSC has approved the application of Dallas Rep. Office(USA), Toronto Branch(Canada) and Mumbai Branch(India).

Overseas

• 5 sites under E.SUN Bank (China), China subsidiary

• 14 sites under Union Commercial Bank, Cambodian subsidiary

• 9 Branches in HK, Singapore, LA, Vietnam, Myanmar, Japan, and Australia

• 4 Rep. offices: Hanoi, Ho Chi Minh City, Bangkok, Kuala Lumpur

• 1 Sub-branch in Kumamoto, Japan

11

Deposit and Loan Structure

Unit: TWD Bn

Note: 1. E.SUN Bank consolidated

2. E.SUN Bank standalone

3. Credit card revolving balances have been adjusted according to new definition by Banking Bureau

12

Loan Portfolio Breakdown

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Total Loan
YoY Comparison
TWD 2,336.5 Billion
Unit: TWD Bn
SME
2023
25.9% 2024
Mortgage
23.5% 604.4
558.5 550.4
516.5 493.8
496.2
428.2
405.3
Large
Corporate
21.1%
132.0
120.5
58.7 61.1
Subsidiaries
Secured
Unsecured
2.6%
Personal Loan
Personal Loan Large SME Mortgage Subsidiaries Unsecured Secured
21.1%
5.6% Corporate Personal Personal
Loan Loan
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Note: Secured Personal Loan is fully collateralized by fixed asset

13

Deposit Structure

Loan to Deposit Ratio

Deposit Structure

Unit: TWD Bn

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LDR FX LDR TWD LDR
90.7% 89.7%
86.3% 86.2% 86.7%
84.7%
68.1% 67.5% 67.4% 69.0% 69.8% 69.8%
37.6% 37.7%
35.0% 35.6%
33.0% 33.1%
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6M22 2022 6M23 2023 6M24 2024
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2023
2024
+6.9% YoY
1,232.3
1152.7 1,152.2
1028.3
960.6
845.1
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TWD Demand TWD Time Deposits FCY Deposits Deposits

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NIM and Spread

Quarterly Net Interest Margin

NIM

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1.30% 1.31% 1.30% 1.28% 1.28% 1.30%
3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
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Quarterly Interest Spread

Overall Lending Rate Overall Deposit Rate Interest Spread

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1.29% 1.26% 1.24% 1.22% 1.27% 1.29%
2.99% 3.02% 3.00% 3.06% 3.10% 3.07%
1.70% 1.76% 1.76% 1.84% 1.83% 1.78%
3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
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15

1/2 Superior Asset Quality

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NPL Ratio
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Provision and Credit Cost

Unit: TWD million

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Unit: TWD million Unit: TWD million
NPL NPL Ratio Coverage ratio provision credit cost (annualized)
743.8% 752.6% 690.6% 753.4% 775.7% 868.9%
0.17%
0.13%
0.11% 3,976
0.10% 0.04%
3,374 3,317 3,410 3,167
3,126
3,026
2,443
2,041
1,565
0.16% 0.16% 0.17% 0.16% 0.16% 0.14% 387
6M22 2022 6M23 2023 6M24 2024 2022 6M23 2023 6M24 2024
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Note: Data of E.SUN Bank standalone

16

2/2 Superior Asset Quality

NPL Ratio for Main Business

NPL Comparison with Market

Corporate Mortgage

E.SUN Market

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0.19% 0.19%
0.17% 0.17%
0.17%
0.09%
0.16% 0.16% 0.16% 0.16%
0.06% 0.06%
0.04% 0.04%
0.15% 0.15%
0.06% 0.14% 0.14%
2022 6M23 2023 6M24 2024 2022 6M23 2023 6M24 2024
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Note: Data of E.SUN Bank standalone

Source: Financial Statistics Abstract by Banking Bureau

17

Cost-Income Ratio

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Unit: TWD million
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Operating Expense(exclu. provision) Cost Income Ratio
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Net Revenue Operating Expense(exclu. provision) Cost Income Ratio
59.8%
57.1%
56.7%
52.1% [2]
71,947
62,475
52,757 52,110
37,476
35,662
29,935 31,165
2021 2022 2023 2024
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Note: 1. Data of E.SUN Bank consolidated
2. Preliminary figures of 2024
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18

Capital Adequacy Ratio

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FHC CAR Ratio
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Bank BIS Ratio

Tier 2 Ratio Tier 1 Ratio

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140.42%
138.08%
133.01%
127.54% 128.2%
2022 6M23 2023 6M24 2024
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15.62%
15.48% 15.31%
14.98%
14.33%
2.59% 2.52% 2.30%
2.42%
2.69%
13.10%
12.89% 13.01%
12.56%
11.64%
2022 6M23 2023 6M24 2024
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Note: CET1 ratio 11.67%
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Note: 1. Preliminary figures of 2024 2. BIS of E.SUN Bank standalone

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Sustainable Development

Since 2014

Member of DJSI

S&P Global

Highest rating MSCI ESG Rating AAA

MSCI

Best performance in Leadership in Region & industry A Rating Sustainalytics CDP

Rated top 20% Certified excellence Top 5% (9[th] time) Sustainable finance CG6012 CG Assessment CG Assessment Assessment CGA TAIEX TABF 22

Thank You

• If you wish to know more about

• E.SUN, please visit our website site (https://www.esunfhc.com) for more information.

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• If you have further questions, please

• feel free to contact us through email or conference call

• For more information, please contact Investor Relations Department +8862 2175 1313 Ext 9347, 9302, 9304 [email protected]

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1/6 Appendix

Balance Sheet of E.SUN FHC and its subsidiaries as of Dec. 31, 2024

Note: Preliminary figures of 2024

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2/6 Appendix

P&L of E.SUN FHC and its subsidiaries for 12M2024

Note: Preliminary figures of 2024

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3/6 Appendix

E.SUN FHC’s Balance Sheet (Consolidated)

Note: Preliminary figures of 2024

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4/6 Appendix

E.SUN FHC’s P&L account (Consolidated)

Note: Preliminary figures of 2024

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5/6 Appendix

E.SUN Bank’s Balance Sheet (Consolidated)

Note: Preliminary figures of 2024

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6/6 Appendix

E.SUN Bank’s P&L account (Consolidated)

Note: Preliminary figures of 2024

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