First Financial : FFHC 2023 3Q Financial Results Presentation

First Financial Holding

Third Quarter 2023 Earnings Result

November 30, 2023

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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Contents

• At a Glance
• Financial Highlight
• Operating Results
• Appendix

At a Glance

Well-Equipped for 2024

• Earnings on-track for 3Q'23:

FFHC posted a total of NT$19,027 mn(+15.8%,YoY) earnings in 3Q'23, despite macro turbulences. Bank subsidiary reported NT$18,016 mn(+12.4%,YoY) after-tax profit, while broker (+103.7%, YoY), life(+262.6%, YoY) and trust(+78.4%, YoY) units largely surpassed prior year's performance.

• Bank stretched its revenue streams:

FB loan book grew by +6.0%, YoY, fee grew by +9.6%, YoY and treasury gains (mainly from SWAP) grew by +150.5%, YoY, all beat prior year's results.

• Noises on macro drove up volatilities entering 4Q'23 :

Inflation figures remained high with softening consumption and geographical political conflicts, turning market sensitive and promoting risk-averse atmosphere, driving up volatilities on capital markets globally.

• Well-Equippedfor 2024:

For year ahead, risk control over instability and preemptive measures on asset quality, portfolio reallocation, as well as capital efficiency shall be group's strategic goals for 2024.

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3Q'23 Financial Highlight

3Q'23 Key Figures

3Q'23 Net Income Breakdown1 ( in NT$ mn)

Key Figures ( in NT$ dollar, NT$ mn, mn shares or %)

Insurance	AMC		3Q'22	3Q'23	YoY %
NT$533; 2.8%
NT$121; 0.6%
	Others	Consolidated Net Income1	16,4281	19,0271	+15.8%
Investment Trust	Comprehensive Income	5,833	28,465	+388.0%
NT$91; 0.5 %	NT$(565); -3.0%
		Total Assets	4,028,407	4,365,570	+8.4%
		EPS	1.21	1.40	+15.7%
		Book per share	16.44	17.77	+8.1%
		Capital Stock	132,234	136,201	+3.0%
		ROAE2	9.91%	10.88%	+9.8%
		ROAA2	0.56%	0.60%	+7.1%
Securities	Banking	Group CAR3	123.80%	128.74%	+4.0%
NT$18,016; 94.7%
NT$831;4.4%	Double Leverage4	110.64%	110.93%	+0.3%

1. Based on the classification of specific company's business units, financial information by business segments should be listed individually.
2. Annualized figures. 3. Preliminary data for 3Q'23.

4. Double Leverage = Equity Investment / Shareholder Equity

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Net Income & Comprehensive Income

3Q'23 Consolidated Net Income & Comprehensive Income (in NT$ mn)

↓0.9%
51,737	(3,377)	(2,192)	(22,343)
				↑15.8%	↑388.0.%
				(4,798)		28,465
				19,027
Net Revenue	Credit Charge	Insurance	Operating	Income Tax	Net Income	Comprehensive
		Reserves	Expense			Income

3Q'22 Consolidated Net Income & Comprehensive Income (in NT$ mn)

52,200	(3,730)	(9,099)
			(19,968)
				(2,974)	16,428
						5,833
Net Revenue	Credit Charge	Insurance	Operating	Income Tax	Net Income	Comprehensive
		Reserves	Expense			Income

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Net Income Breakdown by Subsidiaries*

3Q'23 FFHC Net Income Breakdown (in NT$ mn)

↑15.8%

↑12.4%				19,027
18,016
	↑103.7%	↑78.4%	↑262.6%	↑7.1%
	831	91	533	121
First Bank	First Securities	FSITC	First Life	AMC	FFHC

3Q'22 FFHC Net Income Breakdown (in NT$ mn)

16,023					16,428
	408	51	147	113
First Bank	First Securities	FSITC	First Life	AMC	FFHC

* Major 5 subsidiaries were listed.

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3Q'23 Operating Results