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First Financial Holding 2018Q1 Earnings Result

May 30, 2018

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Disclaimer

This presentation is provided by First Financial Holding Co., Ltd. (“FFHC”). The information contained within is not reviewed or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed to the competent authorities by FFHC. While we endeavor to provide accurate, complete and consistent information herein, FFHC makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to reflect any change hereafter.

Users should also notice that 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 forward-looking statements. By their nature, forward-looking statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation. These factors include, but not limited to, regulatory developments, competitive conditions, technological developments, general economic conditions and management changes.

The information, statements or opinions in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation respect to such securities or other financial instruments. First Group and all its affiliates representatives, no matter for their negligence or any other reasons, should not be liable for any loss or damages arising from the use of or interpretation by others of information contained within this presentation or any matter related to this document.

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At a Glance
Financial Highlight
Operating Results
Appendix

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At a Glance

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1Q2018 Snapshot

Bank’s net revenue grew by +10.2% YoY in 1Q 2018:
Top-lines bolstered by 13.5% growth on fee income and 31.5% on treasury gains. Higher provisionings to lift the coverage ratio lowered the net income growth somehow.
Loan growth improved 3.7% YoY, driven by F/X and mortgage:
F/X loan grew by 10.3% YoY, especially from overseas loan expansion. Mortgage also grew by 4.4% YoY. These were the twin pillars that drove the loan growth.
Excess liquidity shifted into SWAP, which was equivalent to 6bps of NIM hike post adjustment of NII:

Interbank lending was substituted by SWAP to tap the higher US market rate. It cost NIM to drop to 1.22%.

 Dividend payout at NTD 0.9 cash and NTD 0.1 stock:

A proposal of NTD 0.9 cash dividend and NTD 0.1 stock dividend under 1.27 EPS in 2017 is subject to AGM approval.

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1Q18 Financial Highlight

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1Q18 Key Figures

	Key Figures ( in NT$ dollar, NT$ mn, mn shares or %) Consolidated Net Income1 Comprehensive Income Total Assets EPS Book per share Capital Stock ROAE 3 ROAA 3 Group CAR4 Double Leverage5 1Q18 4,5921 3,230 2,655,474 0.38 16.52 122,164 9.16% 0.68% 124.61% 107.84% YoY % 6.6% 10.7% 3.5% 5.6% 1.6% 2.0% 2.7% 0.0% -4.7% 1.5% 1Q17 4,3091 2,918 2,566,877 0.36 16.26 119,769 8.92% 0.68% 130.82% 106.26%
1Q18 Net Income Breakdown1( in NT$ mn)	Key Figures ( in NT$ dollar, NT$ mn, mn shares or %) Consolidated Net Income1 Comprehensive Income Total Assets EPS Book per share Capital Stock ROAE 3 ROAA 3 Group CAR4 Double Leverage5 1Q18 4,5921 3,230 2,655,474 0.38 16.52 122,164 9.16% 0.68% 124.61% 107.84% YoY % 6.6% 10.7% 3.5% 5.6% 1.6% 2.0% 2.7% 0.0% -4.7% 1.5% 1Q17 4,3091 2,918 2,566,877 0.36 16.26 119,769 8.92% 0.68% 130.82% 106.26%
Banking NT$4,562; 99.3% Securities NT$83;1.8% Investment Trust NT$23; 0.5 % Others NT$(55); -1.2% Insurance NT$(67); -1.4% AMC NT$46; 1.0%

Key Figures ( in NT$ dollar, NT$ mn, mn shares or %)
Consolidated Net Income1
Comprehensive Income
Total Assets
EPS
Book per share
Capital Stock
ROAE
3
ROAA
3
Group CAR4
Double Leverage5
1Q18
4,5921
3,230
2,655,474
0.38
16.52
122,164
9.16%
0.68%
124.61%
107.84%
YoY %
6.6%
10.7%
3.5%
5.6%
1.6%
2.0%
2.7%
0.0%
-4.7%
1.5%
1Q17
4,3091
2,918
2,566,877
0.36
16.26
119,769
8.92%
0.68%
130.82%
106.26%

1Q18 Net Income Breakdown1( in NT$ mn)

Banking
NT$4,562; 99.3%
Securities
NT$83;1.8%
Investment Trust
NT$23; 0.5 %
Others
NT$(55); -1.2%
Insurance
NT$(67); -1.4%
AMC
NT$46; 1.0%

Based on the classification of specific company’s business units, financial information by business segments should be listed individually.
Comprehensive Income Statement is required by IFRS.
Annualized figures. . 4. Updated semi-annually.
Double Leverage = Equity Investment / Shareholder Equity

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Net Income & Comprehensive Income

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1Q18 Consolidated Net Income & Comprehensive Income (in NT$ mn)
Credit (1,289)
Insurance (3,259)
15,098 (4,548)
(5,391) ↑ 6.6% ↑ 10.7%
(567)
4,592 3,230
(1,362)
Net Revenue Provision Operating Income Tax Net Income Other Items Comprehensive
Expense Income
1Q17 Consolidated Net Income & Comprehensive Income (in NT$ mn)
Credit (452)
Insurance (1,339)
12,082
(1,791)
(5,225)
(757)
4,309 2,918
(1,391)
Net Revenue Provision Operating Income Tax Net Income Other Items Comprehensive
Expense Income
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Net Income Breakdown by Subsidiaries*

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1Q18 FFHC Net Income Breakdown (in NT$ mn)
↑ 6.6%
↑ 5.6%
4,562 4,592
83 23 46
(67)
First Bank First Securities FSITC First Life AMC FFHC
1Q17 FFHC Net Income Breakdown (in NT$ mn)
4,320 4,309
FFHC (33)
99 15 Aviva (31) 47
(64)
First Bank First Securities FSITC First-Aviva AMC FFHC
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Major 5 subsidiaries were listed.

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1Q18 Operating Results

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FFHC & First Bank Profitability -After Tax

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FFHC Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
9.32% 9.28% 9.36% 9.47% 9.10% 8.92% 10.14% 10.29% 8.04% 9.16%
17,284
15,962 14,832 15,432
13,407
8,746 9,608
4,406 4,309 4,592
2015 3M 16 6M 16 9M 16 2016 3M 17 6M 17 9M 17 2017 3M18
First Bank Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
9.56% 10.36% 9.86% 9.83% 9.46% 9.00% 10.00% 10.15% 7.91% 9.16%
17,699
16,100
14,565 15,142
13,685
9,072 9,442
4,808 4,320 4,562
2015 3M 16 6M 16 9M 16 2016 3M 17 6M 17 9M 17 2017 3M18
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1.Minority interests included

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FB 1Q18 Pre-tax Profit

1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 Cumulative Net Revenue 1Q18 Cumulative Net Revenue(in NT$ mn or %) % of FB Net Revenue(in %) ↓32.8% z Item 1Q17 1Q18 Change NII 70.0% 63.8% -6.2% Net Fee 15.5% 16.0% +0.5% Gain on ST Invest. 0.7% -0.4% -1.1% Gain on LT invest. 0.8% 1.0% +0.2% Gain on fin. Products 12.7% 16.2% +3.5% Others 0.3% 3.4% +3.1% Total Revenue 100.0% 100.0% Provision Expense (net) -4.5% -11.7% +7.2% Operating Expense -45.3% -42.1% -3.2% Income Before Tax 50.2% 46.2% -4.0% Net Interest Income Net Fee Income Gains on investment Operating Expense FB Revenue/Expense Comparison(in NT$ mn ) ↑ 0.4% ↑ 13.5% ↑ 31.5% +10.2% 7,019 1,559 1,415 4,546 7,044 1,769 1,861 1,973 4,650 874 424 681 Provision Exp.1 Recovery 10,026 11,049 1Q17 1Q18	1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 Cumulative Net Revenue 1Q18 Cumulative Net Revenue(in NT$ mn or %) % of FB Net Revenue(in %) ↓32.8% z Item 1Q17 1Q18 Change NII 70.0% 63.8% -6.2% Net Fee 15.5% 16.0% +0.5% Gain on ST Invest. 0.7% -0.4% -1.1% Gain on LT invest. 0.8% 1.0% +0.2% Gain on fin. Products 12.7% 16.2% +3.5% Others 0.3% 3.4% +3.1% Total Revenue 100.0% 100.0% Provision Expense (net) -4.5% -11.7% +7.2% Operating Expense -45.3% -42.1% -3.2% Income Before Tax 50.2% 46.2% -4.0% Net Interest Income Net Fee Income Gains on investment Operating Expense FB Revenue/Expense Comparison(in NT$ mn ) ↑ 0.4% ↑ 13.5% ↑ 31.5% +10.2% 7,019 1,559 1,415 4,546 7,044 1,769 1,861 1,973 4,650 874 424 681 Provision Exp.1 Recovery 10,026 11,049 1Q17 1Q18	1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 Cumulative Net Revenue 1Q18 Cumulative Net Revenue(in NT$ mn or %) % of FB Net Revenue(in %) ↓32.8% z Item 1Q17 1Q18 Change NII 70.0% 63.8% -6.2% Net Fee 15.5% 16.0% +0.5% Gain on ST Invest. 0.7% -0.4% -1.1% Gain on LT invest. 0.8% 1.0% +0.2% Gain on fin. Products 12.7% 16.2% +3.5% Others 0.3% 3.4% +3.1% Total Revenue 100.0% 100.0% Provision Expense (net) -4.5% -11.7% +7.2% Operating Expense -45.3% -42.1% -3.2% Income Before Tax 50.2% 46.2% -4.0% Net Interest Income Net Fee Income Gains on investment Operating Expense FB Revenue/Expense Comparison(in NT$ mn ) ↑ 0.4% ↑ 13.5% ↑ 31.5% +10.2% 7,019 1,559 1,415 4,546 7,044 1,769 1,861 1,973 4,650 874 424 681 Provision Exp.1 Recovery 10,026 11,049 1Q17 1Q18	1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 Cumulative Net Revenue 1Q18 Cumulative Net Revenue(in NT$ mn or %) % of FB Net Revenue(in %) ↓32.8% z Item 1Q17 1Q18 Change NII 70.0% 63.8% -6.2% Net Fee 15.5% 16.0% +0.5% Gain on ST Invest. 0.7% -0.4% -1.1% Gain on LT invest. 0.8% 1.0% +0.2% Gain on fin. Products 12.7% 16.2% +3.5% Others 0.3% 3.4% +3.1% Total Revenue 100.0% 100.0% Provision Expense (net) -4.5% -11.7% +7.2% Operating Expense -45.3% -42.1% -3.2% Income Before Tax 50.2% 46.2% -4.0% Net Interest Income Net Fee Income Gains on investment Operating Expense FB Revenue/Expense Comparison(in NT$ mn ) ↑ 0.4% ↑ 13.5% ↑ 31.5% +10.2% 7,019 1,559 1,415 4,546 7,044 1,769 1,861 1,973 4,650 874 424 681 Provision Exp.1 Recovery 10,026 11,049 1Q17 1Q18	1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 Cumulative Net Revenue 1Q18 Cumulative Net Revenue(in NT$ mn or %) % of FB Net Revenue(in %) ↓32.8% z Item 1Q17 1Q18 Change NII 70.0% 63.8% -6.2% Net Fee 15.5% 16.0% +0.5% Gain on ST Invest. 0.7% -0.4% -1.1% Gain on LT invest. 0.8% 1.0% +0.2% Gain on fin. Products 12.7% 16.2% +3.5% Others 0.3% 3.4% +3.1% Total Revenue 100.0% 100.0% Provision Expense (net) -4.5% -11.7% +7.2% Operating Expense -45.3% -42.1% -3.2% Income Before Tax 50.2% 46.2% -4.0% Net Interest Income Net Fee Income Gains on investment Operating Expense FB Revenue/Expense Comparison(in NT$ mn ) ↑ 0.4% ↑ 13.5% ↑ 31.5% +10.2% 7,019 1,559 1,415 4,546 7,044 1,769 1,861 1,973 4,650 874 424 681 Provision Exp.1 Recovery 10,026 11,049 1Q17 1Q18
	Cumulative Net Revenue +10.2% 10,026 11,049 1Q17 1Q18
		Item 1Q17	1Q18	Change
		NII 70.0%	63.8%	-6.2%
		Net Fee 15.5%	16.0%	+0.5%
		Gain on ST Invest. 0.7%	-0.4%	-1.1%
		Gain on LT invest. 0.8%	1.0%	+0.2%
		Gain on fin. Products 12.7%	16.2%	+3.5%
		Others 0.3%	3.4%	+3.1%
		z Total Revenue 100.0%	100.0%
		Provision Expense (net) -4.5%	-11.7%	+7.2%
		Operating Expense -45.3%	-42.1%	-3.2%
FB Revenue/Expense Comparison(in NT$ mn )		Income Before Tax 50.2%	46.2%	-4.0%

Gross Provision expense.

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FB 1Q18 Loan Book Mix

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% of Loan Book [1]
1Q18 Loan Book [1] (in NT$ bn or %)
Item 1Q17 1Q18 Change
Consumer 27.9% 28.2% +0.3%
1,605.6 Mortgage 26.1% 26.3% +0.2%
Other Consumer Loan 1.8% 1.9% +0.1%
Corporate Banking 72.1% 71.8% -0.3%
1,548.3 Commercial Loan 49.9% 48.0% -1.9%
+3.7%
--- SME 41.6% 40.7% -0.9%
Gov./SOE Loan 0.9% 1.1% +0.2%
F/X/ Loan 21.3% 22.7% +1.4%
1Q17 1Q18
Loan Book [1] --- Overseas 12.6% 13.8% +1.2%
Loan Book [1] 100.0% 100.0%
1Q18 Loan Book [1] Breakdown (in NT$ bn )
↓0.2%
772.8 771.0
SME↑1.5%
↑ 4.4%
421.5 F/X ↑ 10.3%
364.1
SME [2] 330.1
SME [2]
653.2
643.5
403.6
Overseas Overseas
Overseas
221.3
27.4 31.1 14.4 18.0 194.4 ↑ 13.8%
1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18
Mortgage Other Consumer Gov./SOE Commercial Loan F/X Loan
Loan Loan
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Loan Book does not include NALs
SME as defined by the “Act for Development of Small & Medium Enterprises; both NTD & Foreign currency loan included

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FB Loan Breakdown

-QoQ Comparison

FB Loan Growth(in NT$ bn)	FB Loan Growth(in NT$ bn)	QoQ% +1.6% +0.6% -0.7% -6.3% -- +3.2% ↑1.5%	QoQ% +1.6% +0.6% -0.7% -6.3% -- +3.2% ↑1.5%
330.1 336.8 350.2 352.8 364.1 ~~14.4~~ ~~3.4~~ 0.4 0.0 18.0 129.3 132.7 124.0 125.7 117.8 643.5 647.8 655.4 657.8 653.2 28.7 29.0 30.9 31.1 403.6 403.6 405.0 414.7 421.5 27.4 1Q17 2Q17 3Q17 4Q17 1Q18 *SME* Mortgage Commercial Loan 1548.3 1553.0 1564.1 1582.0 1605.6 F/X loan Total loan Consumer Loan *Large Corp.* Gov./SOE		QoQ% +1.6% +0.6% -0.7% -6.3% -- +3.2% ↑1.5%
			+1.6%
			+0.6%
			-0.7%
			-6.3%
			--
			+3.2%
	1Q17 2Q17 3Q17 4Q17 1Q18

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FB 1Q18 LDR, SPREAD &NIM

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Total Loan & LDR (in NT$ bn or % ) Total Loan [1] LDR [2]
78.56% 79.15% 79.04% 80.48% 79.92% 78.89% 79.28% 80.00%
77.30% NTD 85.3%
F/X 65.1%
1,482.6 1,497.3 1,517.3 1,550.8 1,552.3 1,557.1 1,568.0 1,589.8 1,612.1
1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18
△
Loan-Deposit Spread / NIM ( in % ) Spread [3] NIM [3]
1.64% 1.64% 1.64% 1.65% 1.63% 1.63% 1.64% 1.65% 1.63%
1.27% 1.26% 1.26% 1.26% 1.26% 1.26% 1.26% 1.26%
1.22%
1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18
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Total Loan = loan + import/export negotiation + NALs
LDR = Total loan / Total deposit, starting from 2012, total deposit does not include structured deposit.
Annual cumulative Average Spread and NIM

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FB 1Q18 Loan Yields

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FB NTD Yields & Costs Overview ( in % ) Interest Spread (NTD)
Deposit Rate (NTD) Lending Rate (NTD)
1.48% 1.48% 1.49% 1.49%
1.47%
1.91% 1.90% 1.91% 1.91% 1.88%
0.43% 0.42% 0.42% 0.42% 0.41%
1Q17 2Q17 3Q17 4Q17 1Q18
FB FX Yields & Costs Overview ( in % ) Deposit Rate (FX) Lending Rate (FX)
2.50%
Interest Spread (FX)
2.35%
2.33%
2.28%
2.25%
3.51% 3.41%
3.25%
3.12%
3.09%
0.84% 0.84% 0.92% 1.01% 1.06%
1Q17 2Q17 3Q17 4Q17 1Q17
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All rates are QUARTERLY* average rates.

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FB 1Q18 Deposit Mix

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FB Deposit Structure (in NT$ bn ) FB Deposit CASA Rate (in %)
NTD Deposit F/X deposit
NTD CASA rate
1Q18 Total
505.5 559.0 Deposit
$2,014.5 bn △
68.30% 68.40%
67.12%
66.21%
65.31%
+4.5%
1,422.5 1,455.5
1H16 2016 1H17 2017 1Q18
1Q17 1Q18
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Major Exposures Breakdown

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End of 1Q18 - % of Loan to Industries
4.28%
11.98%
4.44%
4.68%
10.44%
4.62%
Manufacturing; 25.58%
1Q18 4.01%
Petro.
10.31% Total Exposures Tech.
Machinery
$1,714.6 bn 5.54%
Metal
Other manufacturing
6.73% Individual(Mortgage included)
Real Estate
Wholesale/Retail
Transportation&Warehousing
32.97% Banking & Insurance
Others
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Total exposures does not includes NALs and investment.

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FB 1Q18 Mortgage Book

	1Q18 Mortgage by Location(in %) Location Loan% NPL Ratio TPE Metro 50% 0.47% Taoyuan/Hsinchu 18% 0.39% Taichung Area 11% 0.39% Tainan Area 9% 0.27% Kaohsiung Area 8% 0.11% Eastern Area 4% 0.05% Total 100.00% 0.39%	Mortgage Yield & LTV Ratio(in %) 64.55% 64.53% 64.59% 64.65% 64.64% 64.75% 64.82% 45.52% 45.36% 45.15% 45.01% 44.94% 45.16% 45.25% 3Q16 2016 1Q17 2Q17 3Q17 2017 1Q18 Loan-to-value ratio of new mortgage Avg. loan-to-value ratio 1.86% 1.86% 1.85% 1.85% 1.85% 1.83% 1.82% Mortgage Yield
	Location Loan% NPL Ratio TPE Metro 50% 0.47% Taoyuan/Hsinchu 18% 0.39% Taichung Area 11% 0.39% Tainan Area 9% 0.27% Kaohsiung Area 8% 0.11% Eastern Area 4% 0.05%
	Total 100.00% 0.39%

	↑4.3% ↑17.2% SME2 317.0 SME2 305.0 Monthly New Mortgage Lending Monthly New Mortgage Lending(in NT$mn) 4,901 5,534 6,580 5,278 6,536 7,235 6,965 8,879 10,322 9,205 5,977 9,357 4M17 5M17 6M17 7M17 8M17 9M17 10M17 11M17 12M17 1M18 2M18 3M18

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FB 1Q18 Fee Income Breakdown

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||||||||||
|---|---|---|---|---|---|---|---|---|
|1Q18 Cumulative Net Fee Income|(in NT$ mn or %)|% of Cumulative Net Fee|
|1,769|Item|1Q17|1Q18|Change|
|WM|[1 ]|52.2%|59.0%|+6.8%|
|Loan-related|18.3%|14.2%|-4.1%|
|1,559|+13.5%|
|F/X|13.5%|11.8%|-1.7%|
|Credit Card|5.5%|5.3%|-0.2%|
|Other|[2]|10.5%|9.7%|-0.8%|
|1Q17|1Q18|
|Net Fee Income|Cumulative Net Fee|100.0%|100.0%|
|1Q18 Cumulative Net Fee Breakdown|( in NT$ mn )|
|↑|28.1%|
|1,043|↓11.6%|
|814|↓0.9%|
|↓|23.7%|
|252|
|285|
|211|209|93|164|172|
|↑3.0%|85|
|1Q17 1Q18|1Q17|1Q18|1Q17|1Q18|1Q17|1Q18|1Q17|1Q18|
|WM Fee|[1]|Loan-related|F/X|Credit Card|Other|[2]|

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WM Fee = Custodian Fee + Trust-related Fee + Bancassurance Fee
Other represents network service fee, including overseas branches

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FB Fee Income Breakdown

-QoQ Comparison

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Fee Income (in NT$ mn)
2,239 2,168
1,869 1,861
1,769
Quarterly
1,559
fee income
193
197
126
Others 100
223
Credit Card 178 215 156
172
107 118
F/X
265 93
Related 164 214 355 223
Loan 93 209
85
Related 95
211 302 284
252
Custodian
94 94 94
285
Wealth 987 681
MGT. Bacassurance 94 474 429
528
342
525
446 512 520
Mutual Fund 352 378
4Q16 1Q17 2Q17 3Q17 4Q17 1Q18
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Wealth Management Fee = Fund sales + Bancassurance + Custodian
*Other represents network service fee, including overseas branches

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FB 1Q18 Cost-to-Income Ratio

	Cost-to-Income Ratio Analysis( in NT$ mn)	Cost-to-Income Ratio Analysis( in NT$ mn)
1Q18
	Item 1Q17 1Q18
	Net Revenue 10,026 11,049

	Operating Expense (4,546)	(4,650)
	Provision(Net) (451)	(1,292)
	Income Tax (709)	(544)
	Net Income 4,320 4,563

Quarterly Operating Expense & Cumulated Cost-to-Income Ratio( in NT$	Quarterly Operating Expense & Cumulated Cost-to-Income Ratio( in NT$	Quarterly Operating Expense & Cumulated Cost-to-Income Ratio( in NT$	Quarterly Operating Expense & Cumulated Cost-to-Income Ratio( in NT$
Operating Expense Cumulated Net Revenue 45.65% 45.34% 44.73%		Cost-to-Income Ratio 43.55% 43.03%		42.09%
10,245	10,026 10,861	11,447 10,580		11,049
4,990 4,546 4,796		4,739	4,385		4,650
4Q16 1Q17 2Q17		3Q17	4Q17		1Q18

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FB 1Q18 Asset Quality

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NPL Amount, Reserve, Coverage (in NT$ mn or % )
Coverage Ratio LLR ratio (loan loss reserve/total loan, excluding gov.loan)
625.14%
588.67%
537.82% 500.09%
498.44%
358.56%
297.73%
1.38%
1.21% 1.22% 1.18% 1.20% 1.20% 1.19%
NPL Ratio NPL NPL Reserve
0.40%
0.38%
0.24% 0.24%
0.20% 0.20% 0.22%
18,276 18,973 18,205 18,561 18,762 21,922 19,030
6,114 6,392
3,105 3,035 3,385 3,724 3,752
9M16 2016 3M17 6M17 9M17 2017 3M18
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NTD 2,141 mn was recategorized from “allowance for loan losses” to “reserve for loan commitments” and other provision referring to IFRS9 since 2018.

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FB NPL Migration by Sectors

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1
Individual & Mortgage NPL Ratios (in %) Large Corp. & SME NPL Ratios (in %)
Individual
Large Corp.
Mortagge
SME
0.39%
0.75%
0.33% 0.32% 0.60%
0.29% 0.36%
0.26% 0.35% 0.38% 0.35%
0.31% 0.56%
0.29% 0.48%
0.26%
0.23% 0.00% 0.00% 0.00%
1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18
Domestic NPL Ratio (in %) Overseas NPL Ratio (in %)
Domestic
Overseas
0.46% 0.47%
0.27% 0.28%
0.24%
0.11% 0.10%
0.07%
0.05% 0.05%
1Q17 2Q17 3Q17 4Q17 1Q18 1Q17 2Q17 3Q17 4Q17 1Q18
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Individual: mortgage and non-mortgage loan included
bad-debt recovery not included.

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FB New NPL Influx Breakdown


Breakdown of New NPL Influx (in NT$ mn） Quarterly NPL Influx 2Q17 3Q17 4Q17 1Q18 --- Domestic 1,385 880 3,159 2,660 --- Overseas (6) 28 79 162 Total NPL Influx 1,379 908 3,238 2,822		Quarterly Recovery Mix (in NT$ mn) Quarterly Recovery 2Q17 3Q17 4Q17 1Q18 --- Domestic 1,169 496 499 636 --- Overseas 128 1 25 33 --- Credit Card 13 14 13 12 Total Recovery 1,310 511 537 681
Quarterly NPL Influx 2Q17 3Q17 4Q17 1Q18 --- Domestic 1,385 880 3,159 2,660 --- Overseas (6) 28 79 162		Quarterly Recovery 2Q17 3Q17 4Q17 1Q18

		--- Domestic 1,169 496 499 636
		--- Overseas 128 1 25 33
		--- Credit Card 13 14 13 12
Total NPL Influx 1,379 908 3,238 2,822		Total Recovery 1,310 511 537 681


1,519 1,938 988 1,350 1,040 880 876 2544 1,637 1,983 1,379 908 3,238 2,822 1,447 918 1,628 1,700 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Quarterly New NPL Influx & Write-offs ( in NT$ mn) Write-off New NPL Influx

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FB 1Q18 Overseas Profits

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1Q18 FB Total Pre-Tax Profit Mix ( in NT$ mn or %) 1Q18 FB Total Pre-Tax Profit Mix ( in NT$ mn or %)
Total Pre-Tax
12.18%
41.71% Profit
$5,106 mn
OBU Taiwan Domestic Market;
15.98% HK 68.43%
2017
North America
Overseas
Asean
$1,612 mn
Others
15.55%
14.58% Other Overseas ; Greater China (including OBU) ;
13.75% 17.82%
Quarterly Overseas & Total PTP (in NT$ mn or %)
Overseas Total Cumulative Overseas PTP to FB Total PTP
36.16% 35.88% 36.77% 48.36%
28.94% 29.93% 31.57%
4,829 5,030 5,984 5,106
4,602
5,370
630
1,760 1,535 1,818 2,134 2,292 2,272 1,612
3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18
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CAR & Core Capital

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FFHC Group CAR(in %)
Re-cap.
153.43%
139.14% CAR
132.75% 131.84% 131.31%
125.34% 124.61%
115.66%
statutory CAR 100%
FB CAR & Core Capital(in %)
Re-cap. CAR
13.67% 13.46% 13.27% 13.42% 13.58%
12.82%
12.27%
11.50%
Tier 1
10.93% 10.86% 10.95% 10.64% 11.25% 11.42%
9.45%
9.02%
2H14 1H15 2H15 1H16 2H16 1H17 2H17 1Q18
2H14 1H15 2H15 1H16 2H16 1H17 2H17 1Q18
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Leverage ceiling for holding companies in Taiwan: Double Leverage < 125% ; Debt Ratio < 30%
Preliminary data for 1Q18 .

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Shareholder Return

		2015 2016 2017 0.95 1.20 0.90 0.45 0.20 0.10 1.40 1.40 1.00 64.2% 82.8% 70.9% 1.40 1.40 1.00 1.42 1.48 1.271 2015 2016 2017 2
1.20 1.35 1.18 1.43 2013 2014 FFHC Earnings Per Share ( in NT$ dollar ) EPS Dividend		1.40 1.40 1.00 1.42 1.48 1.271 2015 2016 2017
EPS Dividend
	2013 2014

2013 2014		2015 2016 2017 2
Cash dividend 0.50 0.70		0.95 1.20 0.90
Stock dividend 0.70 0.65		0.45 0.20 0.10
Total dividend 1.20 1.35		1.40 1.40 1.00
CASH Payout ratio 42.4% 49.0%		64.2% 82.8% 70.9%

EPS is adjusted retroactively for stock dividends
2017’s dividend proposal is subject to final approval at 2018 AGM meeting on June 22.

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Appendix

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FFHC Consolidated Statement of Comprehensive Income

FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)

	~~h~~ Year-over-Year Comparison Full Year Results	~~h~~ Year-over-Year Comparison Full Year Results	~~h~~ Year-over-Year Comparison Full Year Results	~~h~~ Year-over-Year Comparison Full Year Results
				~~h~~
	~~2015~~ ~~2016~~ ~~2017~~ 28,452 28,801 29,993 8,502 8,723 8,341 121 1,351 5,130 1,152 2,569 5,550 146 163 93 541 951 1,052	~~1Q17~~	~~1Q18~~	~~Cange~~
Net interest income Net service fee & commission Net Insurance revenue Gain on financial assets meas. at fair value through P/L Real estate investment gain Gain on AFS financial assets		7,273 1,719 1,475 1,888 14 110	7,384 1,975 3,434 1,399 25	1.5% 14.9% 132.8% -25.9% 78.6%
Gain on financial assets at fair value through other compre. income			543
Income from equity invest. Net gain on F/X Assets impairment loss Others Net Revenue Net Provision for credit losses Recovered(provided) for insurance res. Operating Expense Income from continued op. before tax Income tax expenses Consolidatednetincome	(588) (75) 138 1,707 935 (170) (10) (39) (46) 825 1,712 746 40,848 45,091 50,827 (518) (2,244) (6,772) 540 (871) (4,560) (21,893) (21,779) (21,347) 18,976 20,197 18,148 (3,014) (2,913) (2,716) 15,962 17,284 15,432 413 (2,354) (1,038) 16,375 14,930 14,394 16,006 17,356 15,483 (44) (72) (51) 16,461 15,023 14,380 (86) (93) 14 1.48 1.42 1.27	55 (521) (15) 84 12,082 (452) (1,339) (5,225) 5,066 (757) 4,309	32 (86) (1) 393 15,098 (1,289) (3,259) (5,391) 5,159 (567) 4,592	-41.8% -83.5% -93.3% 367.9% 25.0% 185.2% 143.4% 3.2% 1.8% -25.1% 6.6%
Other Items Comprehensive Income		(1,391) 2,918	(1,362) 3,230	-2.1% 10.7%
Net Income attributed to: Parent Minorityinterests		4,340 (31)	4,592	5.8%
Comprehensive Income attributed to: Parent Minorityinterests		2,939 (21)	3,230	9.9%
EPS1(NT$)
		0.36	0.38	5.6%

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FFHC Non-consolidated Income Statement

FFHC's Financial Results Summary

FFHC Standalone Income Statement Summary in NT$ million, NT$, or %


F in O Lo O Ot In In In N EP F		FHC Standalone Income Statement Summary NT$ million, NT$, or % FHC's Financial Results Summary
	O Lo O Ot In In In N EP	2015 2016 2017 perating revenues Income from long-term investment 16,431 17,857 15,693 Other income1 213 242 246 Total revenues 16,644 18,099 15,939 ss from long-term investment (114) (304) (53) perating expenses (373) (338) (334) her expenses and losses (192) (145) (118) come from continued op. before tax 15,965 17,312 15,434 come from continued op. after tax 16,006 17,356 15,483 come from discontinued op., net of tax 0 0 0 et income 16,006 17,356 15,483 S2(NT$) 1.48 1.42 1.27 Full Year Results	Year-over-Year Comparison
			1Q17	1Q18	Change
			4,495 1 4,496 (33) (83) (40) 4,340 4,340 0 4,340 0.36	4,766 1 4,767 (67) (87) (21) 4,592 4,592 0 4,592 0.38	6.0% 0.0% 6.0% 103.0% 4.8% -47.5% 5.8% 5.8% -- 5.8% 5.6%

Including income other than long-term investment
EPS is adjusted retroactively for stock dividends

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FFHC Balance Sheet

FFHC Balance Sheet Summary in NT$ million or million shares

	2015 2016 2017 1Q17 1Q18 Change 197,454 203,834 205,970 206,896 217,598 5.2% 201,923 205,165 208,951 208,501 218,871 5.0% 14,283 13,390 17,168 13,787 17,092 24.0% 187,640 191,775 191,783 194,714 201,779 3.6% 2,500,096 2,541,156 2,634,059 2,566,877 2,655,474 3.5% 2,312,109 2,349,127 2,442,008 2,371,930 2,453,696 3.4% 187,987 192,029 192,051 194,947 201,779 3.5% 187,640 191,775 191,783 194,714 201,779 3.6% 347 254 268 233 114,611 119,769 122,164 119,769 122,164 2.0% Full Years Result Year-over-Year Comparison	2015 2016 2017 1Q17 1Q18 Change 197,454 203,834 205,970 206,896 217,598 5.2% 201,923 205,165 208,951 208,501 218,871 5.0% 14,283 13,390 17,168 13,787 17,092 24.0% 187,640 191,775 191,783 194,714 201,779 3.6% 2,500,096 2,541,156 2,634,059 2,566,877 2,655,474 3.5% 2,312,109 2,349,127 2,442,008 2,371,930 2,453,696 3.4% 187,987 192,029 192,051 194,947 201,779 3.5% 187,640 191,775 191,783 194,714 201,779 3.6% 347 254 268 233 114,611 119,769 122,164 119,769 122,164 2.0% Full Years Result Year-over-Year Comparison	2015 2016 2017 1Q17 1Q18 Change 197,454 203,834 205,970 206,896 217,598 5.2% 201,923 205,165 208,951 208,501 218,871 5.0% 14,283 13,390 17,168 13,787 17,092 24.0% 187,640 191,775 191,783 194,714 201,779 3.6% 2,500,096 2,541,156 2,634,059 2,566,877 2,655,474 3.5% 2,312,109 2,349,127 2,442,008 2,371,930 2,453,696 3.4% 187,987 192,029 192,051 194,947 201,779 3.5% 187,640 191,775 191,783 194,714 201,779 3.6% 347 254 268 233 114,611 119,769 122,164 119,769 122,164 2.0% Full Years Result Year-over-Year Comparison	2015 2016 2017 1Q17 1Q18 Change 197,454 203,834 205,970 206,896 217,598 5.2% 201,923 205,165 208,951 208,501 218,871 5.0% 14,283 13,390 17,168 13,787 17,092 24.0% 187,640 191,775 191,783 194,714 201,779 3.6% 2,500,096 2,541,156 2,634,059 2,566,877 2,655,474 3.5% 2,312,109 2,349,127 2,442,008 2,371,930 2,453,696 3.4% 187,987 192,029 192,051 194,947 201,779 3.5% 187,640 191,775 191,783 194,714 201,779 3.6% 347 254 268 233 114,611 119,769 122,164 119,769 122,164 2.0% Full Years Result Year-over-Year Comparison
		1Q17	1Q18	Change
Non-consolidated Balance Sheet Data Long-term investment Total non-consolidated assets Total liabilities Total shareholders' equity Conolidated Balance Sheet Data Total consolidated assets Total liabilities Total shareholders' equity Parent's shareholders' equity Minority interests Current shares outstanding		206,896 208,501 13,787 194,714 2,566,877 2,371,930 194,947 194,714 233 119,769	217,598 218,871 17,092 201,779 2,655,474 2,453,696 201,779 201,779 122,164	5.2% 5.0% 24.0% 3.6% 3.5% 3.4% 3.5% 3.6% 2.0%

*figures may not match due to rounding

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FFHC Key Ratios

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FFHC Key Ratios

	Full Year Results	1Q17 1Q18 Change 0.68% 0.68% 0.0% 8.92% 9.16% 2.7% 16.26 16.52 1.6% 119,769 122,164 2.0% 106.26% 107.84% 1.5% 130.82% 124.61% -4.7% 6.61% 7.81% 18.2% Year-over-Year Comparison
	2015 2016 2017		1Q17	1Q18	Change
After-tax ROAA (Annualized ratio) After-tax ROAE (Annualized ratio) Book Per Share Capital Stock Double leverage1 Group CAR2 Debt Ratio3	0.66% 0.69% 0.60% 9.32% 9.10% 8.04% 16.37 16.01 15.70 114,611 119,769 122,164 105.23% 106.29% 107.40% 153.43% 139.14% 131.31% 7.07% 6.53% 8.24%		0.68% 8.92% 16.26 119,769 106.26% 130.82% 6.61%	0.68% 9.16% 16.52 122,164 107.84% 124.61% 7.81%	0.0% 2.7% 1.6% 2.0% 1.5% -4.7% 18.2%

Double leverage ratio = Long-term investment / Equity
Updated semi-annually.
Non-consolidated basis.

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FB Income Statement

FB Comprehensive Income Statement Summary(Standalone) in NT$ million or %

		FB Income Statement


~~F~~		~~Comprehensive Income Statement Summary(Standalone)~~
		bject to final Reviewed NT$ million or % 2015 2016 2017 1Q17 1Q18 Change et interest income 27,496 27,797 28,843 7,018 7,044 0.4% et fee income 7,790 8,035 7,457 1,559 1,769 13.5% et gain on ST invest. (49) 274 398 67 (45) et gain on LT invest. 177 433 719 78 110 41.0% et gain on other fin. products 2,823 4,344 5,256 1,270 1,796 41.4% her net income 349 654 241 34 375 1002.9% et revenue 38,586 41,537 42,914 10,026 11,049 10.2% perating expenses (18,997) (18,963) (18,466) (4,546) (4,650) 2.3% e-provisiion pre-tax profit 19,589 22,574 24,448 5,480 6,398 16.8% ovision expense (3,027) (4,396) (9,621) (874) (1,973) 125.7% djustment: bad-debt recovery 2,554 2,346 2,782 424 681 60.6% come before tax 19,115 20,524 17,609 5,030 5,106 1.5% ncome tax (3,015) (2,825) (2,467) (709) (544) -23.3% et income 16,100 17,699 15,142 4,320 4,562 5.6% ther items 995 (2,100) (1,214) (1,577) (1,351) -14.3% omprehensive income 17,095 15,599 13,928 2,743 3,211 17.1% S 1.93 1.99 1.70 0.49 0.51 0.04 reliminary data for 1Q18 Full Year Results Year-over-Year Comparison

		bject to final Reviewed 2015 2016 2017 1Q17 1Q18 Change et interest income 27,496 27,797 28,843 7,018 7,044 0.4% et fee income 7,790 8,035 7,457 1,559 1,769 13.5% et gain on ST invest. (49) 274 398 67 (45) et gain on LT invest. 177 433 719 78 110 41.0% et gain on other fin. products 2,823 4,344 5,256 1,270 1,796 41.4% her net income 349 654 241 34 375 1002.9% et revenue 38,586 41,537 42,914 10,026 11,049 10.2% perating expenses (18,997) (18,963) (18,466) (4,546) (4,650) 2.3% e-provisiion pre-tax profit 19,589 22,574 24,448 5,480 6,398 16.8% ovision expense (3,027) (4,396) (9,621) (874) (1,973) 125.7% djustment: bad-debt recovery 2,554 2,346 2,782 424 681 60.6% come before tax 19,115 20,524 17,609 5,030 5,106 1.5% ncome tax (3,015) (2,825) (2,467) (709) (544) -23.3% et income 16,100 17,699 15,142 4,320 4,562 5.6% ther items 995 (2,100) (1,214) (1,577) (1,351) -14.3% omprehensive income 17,095 15,599 13,928 2,743 3,211 17.1% S 1.93 1.99 1.70 0.49 0.51 0.04 reliminary data for 1Q18 Full Year Results Year-over-Year Comparison

	N N N N N Ot N O Pr Pr A In I N



	O C
	Su EP *p

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FB Key Ratios

FB's Financial Results Summ

FB Key Ratios

		~~FB's Financial Results Summ~~


		FB Key Ratios 2015 2016 2017 1Q17 1Q18 Change Loan to deposit spread 1.63% 1.65% 1.65% 1.63% 1.63% 0.00% Net Interest Margin 1.26% 1.26% 1.26% 1.26% 1.22% -3.17% Cost to income ratio3 45.53% 45.65% 43.03% 45.34% 42.09% -7.17% Loan to deposit ratio1 79.04% 79.04% 79.28% 80.48% 80.00% -0.60% NPL ratio 0.19% 0.20% 0.38% 0.22% 0.40% 81.82% Gross Provision ratio 1.19% 1.16% 1.29% 1.14% 1.14% 0.00% LLR ratio (excluding gov. loan) 1.40% 1.22% 1.38% 1.18% 1.19% 0.85% Coverage ratio 751.03% 625.14% 358.56% 537.82% 297.73% -44.64% CAR 13.67% 13.27% 13.42% 13.31% 13.58% 2.03% Tier-1 10.93% 10.95% 11.25% 11.11% 11.42% 2.79% ROAA2 0.69% 0.72% 0.60% 0.68% 0.72% 5.88% ROAE2 9.56% 9.46% 7.91% 9.00% 9.16% 1.78% 1. Loan to depoist ratio = total loan / total deposit 2. Annualized figures. Year-over-Year Comparison Full Year Results

Loan to depoist ratio = total loan / total deposit
Annualized figures.

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FB Loan Quality

FB NPL Migration in NT$ million or %

	FB	NPL Migration NT$ million or % 2016 2017 Q1 Q2 Q3 Q4 1Q17 1Q18 Change L- beginning 2,761 3,035 3,035 3,385 3,724 3,752 3,035 6,114 101.4% et new NPL influx 6,166 7,225 1,700 1,379 908 3,238 1,700 2,822 66.0% Domestic 4,611 6,744 1,320 1,385 880 3,159 1,320 2,660 101.5% Overseas 1,555 481 380 (6) 28 79 380 162 -57.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% L- ending balance 3,035 6,114 3,385 3,724 3,752 6,114 3,385 6,392 88.8% owance for loan loss- beginning 20,738 18,973 18,973 18,205 18,561 18,762 18,973 19,781 4.3% rovisions for loan loss 4,238 7,429 775 1,374 1,188 4,092 775 1,832 136.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% Others (111) (334) (193) 22 (107) (56) (193) (39) -79.8% owance for loan loss- ending 18,973 21,922 18,205 18,561 18,762 21,922 18,205 19,030 4.5% covery from bad debt 2,346 2,782 424 1,310 511 537 424 681 60.6% Domestic 2,075 2,533 369 1,169 496 499 369 636 72.4% Overseas 214 197 43 128 1 25 43 33 -23.3% Credit card 57 52 12 13 14 13 12 12 0.0% Non-consolidated basis TD 2,141 mn was recategorized from “allowance for loan losses” to “reserve for loan commitments” and other provision referring to IFRS9 since 2018 Year-over-Year Comparison 2017 Quarterly Full Year Results*	NPL Migration NT$ million or % 2016 2017 Q1 Q2 Q3 Q4 1Q17 1Q18 Change L- beginning 2,761 3,035 3,035 3,385 3,724 3,752 3,035 6,114 101.4% et new NPL influx 6,166 7,225 1,700 1,379 908 3,238 1,700 2,822 66.0% Domestic 4,611 6,744 1,320 1,385 880 3,159 1,320 2,660 101.5% Overseas 1,555 481 380 (6) 28 79 380 162 -57.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% L- ending balance 3,035 6,114 3,385 3,724 3,752 6,114 3,385 6,392 88.8% owance for loan loss- beginning 20,738 18,973 18,973 18,205 18,561 18,762 18,973 19,781 4.3% rovisions for loan loss 4,238 7,429 775 1,374 1,188 4,092 775 1,832 136.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% Others (111) (334) (193) 22 (107) (56) (193) (39) -79.8% owance for loan loss- ending 18,973 21,922 18,205 18,561 18,762 21,922 18,205 19,030 4.5% covery from bad debt 2,346 2,782 424 1,310 511 537 424 681 60.6% Domestic 2,075 2,533 369 1,169 496 499 369 636 72.4% Overseas 214 197 43 128 1 25 43 33 -23.3% Credit card 57 52 12 13 14 13 12 12 0.0% Non-consolidated basis TD 2,141 mn was recategorized from “allowance for loan losses” to “reserve for loan commitments” and other provision referring to IFRS9 since 2018 Year-over-Year Comparison 2017 Quarterly Full Year Results*	NPL Migration NT$ million or % 2016 2017 Q1 Q2 Q3 Q4 1Q17 1Q18 Change L- beginning 2,761 3,035 3,035 3,385 3,724 3,752 3,035 6,114 101.4% et new NPL influx 6,166 7,225 1,700 1,379 908 3,238 1,700 2,822 66.0% Domestic 4,611 6,744 1,320 1,385 880 3,159 1,320 2,660 101.5% Overseas 1,555 481 380 (6) 28 79 380 162 -57.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% L- ending balance 3,035 6,114 3,385 3,724 3,752 6,114 3,385 6,392 88.8% owance for loan loss- beginning 20,738 18,973 18,973 18,205 18,561 18,762 18,973 19,781 4.3% rovisions for loan loss 4,238 7,429 775 1,374 1,188 4,092 775 1,832 136.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% Others (111) (334) (193) 22 (107) (56) (193) (39) -79.8% owance for loan loss- ending 18,973 21,922 18,205 18,561 18,762 21,922 18,205 19,030 4.5% covery from bad debt 2,346 2,782 424 1,310 511 537 424 681 60.6% Domestic 2,075 2,533 369 1,169 496 499 369 636 72.4% Overseas 214 197 43 128 1 25 43 33 -23.3% Credit card 57 52 12 13 14 13 12 12 0.0% Non-consolidated basis TD 2,141 mn was recategorized from “allowance for loan losses” to “reserve for loan commitments” and other provision referring to IFRS9 since 2018 Year-over-Year Comparison 2017 Quarterly Full Year Results*	NPL Migration NT$ million or % 2016 2017 Q1 Q2 Q3 Q4 1Q17 1Q18 Change L- beginning 2,761 3,035 3,035 3,385 3,724 3,752 3,035 6,114 101.4% et new NPL influx 6,166 7,225 1,700 1,379 908 3,238 1,700 2,822 66.0% Domestic 4,611 6,744 1,320 1,385 880 3,159 1,320 2,660 101.5% Overseas 1,555 481 380 (6) 28 79 380 162 -57.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% L- ending balance 3,035 6,114 3,385 3,724 3,752 6,114 3,385 6,392 88.8% owance for loan loss- beginning 20,738 18,973 18,973 18,205 18,561 18,762 18,973 19,781 4.3% rovisions for loan loss 4,238 7,429 775 1,374 1,188 4,092 775 1,832 136.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% Others (111) (334) (193) 22 (107) (56) (193) (39) -79.8% owance for loan loss- ending 18,973 21,922 18,205 18,561 18,762 21,922 18,205 19,030 4.5% covery from bad debt 2,346 2,782 424 1,310 511 537 424 681 60.6% Domestic 2,075 2,533 369 1,169 496 499 369 636 72.4% Overseas 214 197 43 128 1 25 43 33 -23.3% Credit card 57 52 12 13 14 13 12 12 0.0% Non-consolidated basis TD 2,141 mn was recategorized from “allowance for loan losses” to “reserve for loan commitments” and other provision referring to IFRS9 since 2018 Year-over-Year Comparison 2017 Quarterly Full Year Results*	NPL Migration NT$ million or % 2016 2017 Q1 Q2 Q3 Q4 1Q17 1Q18 Change L- beginning 2,761 3,035 3,035 3,385 3,724 3,752 3,035 6,114 101.4% et new NPL influx 6,166 7,225 1,700 1,379 908 3,238 1,700 2,822 66.0% Domestic 4,611 6,744 1,320 1,385 880 3,159 1,320 2,660 101.5% Overseas 1,555 481 380 (6) 28 79 380 162 -57.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% L- ending balance 3,035 6,114 3,385 3,724 3,752 6,114 3,385 6,392 88.8% owance for loan loss- beginning 20,738 18,973 18,973 18,205 18,561 18,762 18,973 19,781 4.3% rovisions for loan loss 4,238 7,429 775 1,374 1,188 4,092 775 1,832 136.4% et write-offs (5,892) (4,146) (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% Others (111) (334) (193) 22 (107) (56) (193) (39) -79.8% owance for loan loss- ending 18,973 21,922 18,205 18,561 18,762 21,922 18,205 19,030 4.5% covery from bad debt 2,346 2,782 424 1,310 511 537 424 681 60.6% Domestic 2,075 2,533 369 1,169 496 499 369 636 72.4% Overseas 214 197 43 128 1 25 43 33 -23.3% Credit card 57 52 12 13 14 13 12 12 0.0% Non-consolidated basis TD 2,141 mn was recategorized from “allowance for loan losses” to “reserve for loan commitments” and other provision referring to IFRS9 since 2018 Year-over-Year Comparison 2017 Quarterly Full Year Results*
	in

			2016 2017 2,761 3,035 6,166 7,225 4,611 6,744 1,555 481 (5,892) (4,146) 3,035 6,114 20,738 18,973 4,238 7,429 (5,892) (4,146) (111) (334) 18,973 21,922 2,346 2,782 2,075 2,533 214 197 57 52 Full Year Results	Q1 Q2 Q3 Q4 1Q17 1Q18 Change 3,035 3,385 3,724 3,752 3,035 6,114 101.4% 1,700 1,379 908 3,238 1,700 2,822 66.0% 1,320 1,385 880 3,159 1,320 2,660 101.5% 380 (6) 28 79 380 162 -57.4% (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% 3,385 3,724 3,752 6,114 3,385 6,392 88.8% 18,973 18,205 18,561 18,762 18,973 19,781 4.3% 775 1,374 1,188 4,092 775 1,832 136.4% (1,350) (1,040) (880) (876) (1,350) (2,544) 88.4% (193) 22 (107) (56) (193) (39) -79.8% 18,205 18,561 18,762 21,922 18,205 19,030 4.5% 424 1,310 511 537 424 681 60.6% 369 1,169 496 499 369 636 72.4% 43 128 1 25 43 33 -23.3% 12 13 14 13 12 12 0.0% Year-over-Year Comparison 2017 Quarterly*
					1Q18	Change
	NP N N NP All P N All Re	L- beginning et new NPL influx Domestic Overseas et write-offs L- ending balance owance for loan loss- beginning rovisions for loan loss et write-offs Others owance for loan loss- ending covery from bad debt Domestic Overseas Credit card			6,114 2,822 2,660 162 (2,544) 6,392 19,781* 1,832 (2,544) (39) 19,030 681 636 33 12	101.4% 66.0% 101.5% -57.4% 88.4% 88.8% 4.3% 136.4% 88.4% -79.8% 4.5% 60.6% 72.4% -23.3% 0.0%
	A

1. * N

Non-consolidated basis
NTD 2,141 mn was recategorized from “allowance for loan losses” to “reserve for loan commitments” and other provision referring to IFRS9 since 2018

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First Sec. Operating Report

First Sec Income Statement Summary

in NT$ million or %


				~~First Sec Income Statement Summary~~

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FSITC Operating Report

FSITC Income Statement Summary in NT$ million or %


	S n	ITC Income Statement Summary NT$ million or % 2015 2016 2017 1Q17 1Q18 Change tal operating income Management fee 464 440 501 112 152 35.7% Sales service fee 1 5 7 1 1 0.0% Total operating income 465 445 508 113 153 35.4% erating expenses (370) (380) (440) (97) (124) 27.8% n-operating income 26 11 15 2 0 -100.0% ome before tax 120 76 82 18 29 61.1% ome tax (18) (12) (12) (3) (6) 100.0% ome after tax 102 64 70 15 23 53.3% mmulative effect of change in accounting principles 0 0 0 0 0 t income 102 64 70 15 23 53.3% y ITC Key Ratios M 97,016 94,461 101,095 100,580 105,432 4.8% M Ranking 8 8 8 6 8 Non-consolidated basis Year-over-Year Comparison Full Yeart Results
			2015 2016 2017 1Q17 1Q18 Change 464 440 501 112 152 35.7% 1 5 7 1 1 0.0% 465 445 508 113 153 35.4% (370) (380) (440) (97) (124) 27.8% 26 11 15 2 0 -100.0% 120 76 82 18 29 61.1% (18) (12) (12) (3) (6) 100.0% 102 64 70 15 23 53.3% 0 0 0 0 0 102 64 70 15 23 53.3% Year-over-Year Comparison Full Yeart Results
				1Q18	Change
T O N I I I C N	o p o nc nc nc u e	tal operating income Management fee Sales service fee Total operating income erating expenses n-operating income ome before tax ome tax ome after tax mmulative effect of change in accounting principles t income		152 1 153 (124) 0 29 (6) 23 0 23	35.7% 0.0% 35.4% 27.8% -100.0% 61.1% 100.0% 53.3% 53.3%
F	S	y ITC Key Ratios
A A	U U	M M Ranking	97,016 94,461 101,095 100,580 8 8 8 6	105,432 8	4.8%
1	.	Non-consolidated basis

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First Life Operating Report

	FirstLifeOperating Report	FirstLifeOperating Report
	First Life Financial Results Summar
	y ~~i NT$ illi %~~
	~~n mon or~~	2015 2016 2017 1Q17 1Q18 Change 11,576 7,520 13,298 3,196 5,596 75.1% 11,820 7,235 11,684 3,484 5,898 69.3% 233 244 277 64 76 18.8% (476) 41 1,337 (352) (378) 7.4% 11,164 7,157 12,861 3,133 5,519 76.2% 27 37 40 9 11 22.2% 2,994 (2,037) 4,566 930 3,206 244.7% 7,412 8,502 7,419 1,984 2,014 1.5% 691 586 711 185 247 33.5% 40 72 125 25 41 64.0% (501) (513) (566) (139) (163) 17.3% (113) (83) (134) (25) (45) 80.0% (388) (430) (432) (114) (118) 3.5% 0 0 0 0 0 (89) (150) (129) (76) (86) 13.2% 0 0 0 0 0 (89) (150) (129) (76) (86) 13.2% (1) 3 26 12 19 58.3% (90) (147) (103) (64) (67) 4.7% -11.26% -23.91% -19.39% -51.46% -22.39% -56.5% -0.28% -0.45% -0.30% -0.81% -0.69% -14.8% Year-over-Year Comparison Full Year Result

	Income Statement Summary Operating Revenue Premium Income Other insurance income Net Investment Income Operating Cost Reinsurance commission Reserves Claims Commission Others Operating Expenses Sales related expenses Management expenses Other expense Profit/Loss of Operation Non-Operating Profit Profit/Loss Before Tax Income tax Net Income after tax Key Ratios ROAE(Annualized ratio) ROAA(Annualized ratio)
* FFHC claims 51% of First-Aviva operating results in 2015,2016, and 2017.

FFHC claims 51% of First-Aviva operating results in 2015,2016, and 2017.

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Q&A

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AI assistant

First Financial Holding Co. Ltd. — Interim / Quarterly Report 2018

52222_rns_2018-05-30_bdcf50d9-49c4-47dc-8da4-f9e3562c26ac.pdf

First Financial Holding 2018Q1 Earnings Result

Disclaimer

Contents

At a Glance

1Q2018 Snapshot

 Dividend payout at NTD 0.9 cash and NTD 0.1 stock:

1Q18 Financial Highlight

1Q18 Key Figures

Net Income & Comprehensive Income

Net Income Breakdown by Subsidiaries*

1Q18 Operating Results

FB 1Q18 Pre-tax Profit

FB 1Q18 Loan Book Mix

FB Loan Breakdown

-QoQ Comparison

FB 1Q18 LDR, SPREAD &NIM

FB 1Q18 Loan Yields

FB 1Q18 Deposit Mix

Major Exposures Breakdown

FB 1Q18 Mortgage Book

FB 1Q18 Fee Income Breakdown

FB Fee Income Breakdown

-QoQ Comparison

FB 1Q18 Cost-to-Income Ratio

FB 1Q18 Asset Quality

FB NPL Migration by Sectors

FB New NPL Influx Breakdown

FB 1Q18 Overseas Profits

CAR & Core Capital

Shareholder Return

Appendix

FFHC Consolidated Statement of Comprehensive Income

FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)

FFHC Non-consolidated Income Statement

FFHC's Financial Results Summary

FFHC Standalone Income Statement Summary in NT$ million, NT$, or %

FFHC Balance Sheet

FFHC Balance Sheet Summary ~~in NT$ million or million shares~~

FFHC Key Ratios

FFHC Key Ratios

FB Income Statement

~~FB Comprehensive Income Statement Summary(Standalone)~~ in NT$ million or %

FB Key Ratios

~~FB's Financial Results Summ~~

FB Key Ratios

FB Loan Quality

FB NPL Migration in NT$ million or %

First Sec. Operating Report

~~First Sec Income Statement Summary~~

in NT$ million or %

FSITC Operating Report

FSITC Income Statement Summary in NT$ million or %

First Life Operating Report

More from First Financial Holding Co. Ltd.

First Financial Holding Co. Ltd. Interim / Quarterly Report 2018

FFHC Balance Sheet Summary in NT$ million or million shares

FB Comprehensive Income Statement Summary(Standalone) in NT$ million or %

FB's Financial Results Summ

First Sec Income Statement Summary