B.O.K — Interim / Quarterly Report 2022

May 18, 2022

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Financial Review of 2022 Q1

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2022.5.18

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Disclaimer

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• This presentation is provided by Bank of Kaohsiung Co., Ltd. (‘BOK’).The information contained within is not 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 BOK. While we endeavor to provide accurate, complete and consistent information herein, BOK makes no guarantee or warranties to the accuracy or correctness of all the information 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 with respect to such securities or other financial instruments. BOK and 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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Summary

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 Operations Review of 2022 Q1

 Financial Performance of 2022 Q1

 Prospects

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Operations Review of 2022 Q1

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： Operations Review of 2022 Q1 Substantial Growth

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Items	1Q22	1Q21	Increase(Decrease)	Increase(Decrease)
			Amount	Ratio
Net income before tax	3.11	2.52	0.59	23.41
Net income	2.80	2.29	0.51	22.27
EPS after-tax(in NT dollar)	0.24	0.20	0.04	20.00
ROA (after-tax)(%)	0.10	0.08	-	0.02
ROE (after tax)(%)	1.60	1.37	-	0.23

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Financial Performance of 2022 Q1

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Assets and Liabilities

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(in NT 100mn)
Assets Liabilities
2,841 2,840
2,819
2,745
2,735
2,668 2,663
2,643
2,572
2,563
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2021/3/31 2021/6/30 2021/9/30 2021/12/31	2021/3/31 2021/6/30 2021/9/30 2021/12/31	2021/3/31 2021/6/30 2021/9/30 2021/12/31	2021/3/31 2021/6/30 2021/9/30 2021/12/31	2021/3/31 2021/6/30 2021/9/30 2021/12/31	2021/3/31 2021/6/30 2021/9/30 2021/12/31	2022/3/31 (in NT 100mn)	2022/3/31 (in NT 100mn)
Date Items	2022/3/31	2021/12/31	2021/9/30	2021/6/30	2021/3/31	2022/3/31 to 2021/3/31 Increase or Decrease
						Amount	Ratio
Assets	2,745	2,840	2,819	2,841	2,735	10	0.37
Liabilities	2,572	2,663	2,643	2,668	2,563	9	0.35
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Shareholders’ Equity

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(in NT 100mn)
Shareholders' Equity Common Stock BVPS (in NT$)
172.02 173.27 175.53 176.75 172.78
116.96 120.34 120.34 120.34 120.34
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	14.34 14.45 14.23 14.33	14.34 14.45 14.23 14.33	14.34 14.45 14.23 14.33	14.34 14.45 14.23 14.33	14.34 14.45 14.23 14.33	14.34 14.45 14.23 14.33	13.99 2022/3/31 (in NT 100mn)	13.99 2022/3/31 (in NT 100mn)
	2021/3/31 2021/6/30 2021/9/30 2021/12/31
Date Items		2022/3/31	2021/12/31	2021/9/30	2021/6/30	2021/3/31	2022/3/31 to 2021/3/31 Increase or Decrease
							Amount	Ratio
Shareholders'Equity		172.78	176.75	175.53	173.27	172.02	0.76	0.44
Common Stock		120.34	120.34	120.34	120.34	116.96	3.38	2.89
BVPS (in NT$)		13.99	14.33	14.23	14.45	14.34	(0.35)	(2.44) (Note)

Note:Net value of each share on 2022.3.31 is calculated based on the number of issued shares of 1,163,444 shares (in thousand; while net value of each share on 2021.3.31 is calculated based on the number of issued shares of 1,129,557 shares (in thousand) .

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Assets Breakdown(2022.3.31)

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(in NT 100mn; %)

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Property and
Other Assets Cash and cash
equipment
26 equivalents
31
1% 38
1%
1%
Due from Central
Bank and other
banks
Discounts and loans
97
1,629
4%
59%
Financial assets and
investment
924
34%
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Liabilities and Shareholders’ Equity Breakdown(2022.3.31)

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(in NT 100mn)

Deposits and remittances 2,343 91% Bonds 45 2% Other liabilities 9 0% Due to Central Bank and other banks 138 6% 0 500 1,000 1,500 2,000 2,500 Liabilities	Deposits and remittances 2,343 91% Bonds 45 2% Other liabilities 9 0% Due to Central Bank and other banks 138 6% 0 500 1,000 1,500 2,000 2,500 Liabilities	Deposits and remittances 2,343 91% Bonds 45 2% Other liabilities 9 0% Due to Central Bank and other banks 138 6% 0 500 1,000 1,500 2,000 2,500 Liabilities	Financial liabilities 5 0% Accounts Payable 32 1% Capital Reserve 16 9% Retained Earnings 41 24% Other tems In equity -4 -2% -20 0 20 40 60 80 100 120 140 Shareholders’ Equity

Common Stock 120 69%

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Income Growth

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(in NT 100mn)
Net income before tax Net income EPS after-tax
3.50 3.11
3.00 2.62 2.71 2.66
2.52
2.50 2.80
2.00 2.29 2.31 2.36
2.14
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	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80	2.52 2.62 2.71 2.66 3.11 2.29 2.31 2.36 2.14 2.80
0.00 0.50 1.00 1.50	0.20 0.20 0.20 0.18									0.24
	1Q21 2Q21 3Q21 4Q21
Date Items			1Q22	4Q21		3Q21	2Q21		1Q21	1Q22 to 1Q21 Increase or Decrease
										Amount		Ratio
Net income before tax			3.11	2.66		2.71	2.62		2.52	0.59		23.41
Net income			2.80	2.14		2.36	2.31		2.29	0.51		22.27
EPS after-tax (in NT dollar)			0.24	0.18		0.20	0.20		0.20	0.04		20.00

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Net Revenue Growth

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	Net Revenue Growth	Net Revenue Growth	Net Revenue Growth	Net Revenue Growth	Net Revenue Growth	Net Revenue Growth
0 5 10	Net Revenue Net Interest Income Net Fee Income Net Financial						10.35 6.83 1.56 1.73 1Q22 operations Income (in NT 100mn) (in NT 100mn)
	11.21 9.56 9.83 9.54 6.65 7.08 7.16 7.02 1.21 1.34 1.37 1.98 3.20 1.08 1.24 0.48						10.35 6.83 1.56 1.73
	1Q21 2Q21 3Q21 4Q21
Date Items		1Q22	4Q21	3Q21	2Q21	1Q21	1Q22 to 1Q21 Increase or Decrease
							Amount	Ratio
Net Revenue		10.35	9.54	9.83	9.56	11.21	(0.86)	(7.67)
Net Interest Income		6.83	7.02	7.16	7.08	6.65	0.18	2.71
Net Fee Income		1.56	1.98	1.37	1.34	1.21	0.35	28.93
Net Financial operations Income		1.73	0.48	1.24	1.08	3.20	(1.47)	(45.94)

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Net Revenue Breakdown(2022.Q1)

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Net income Net Financial (in NT100mn)
Provisions before tax Net Fee operations Income Other Income
0.68 3.11 Income 1.73
0.23
7% 30% 1.56 17%
2%
15%
2022
Q1
Net Interest
Operating
Net Revenue Income
Expenses
6.83
6.56 10.35 66%
63%
100%
Net income
Net Financial
Provisions before tax
Net Fee operations Income
2.46 2.52 Other Income
Income 3.21
22% 22% 0.14
1.21 29%
1%
11%
2021
Q1
Operating
Net Revenue
Expenses Net Interest Income
6.23
11.21 6.65
56%
59%
100%
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Deposits and Loans

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Deposits and Loans	Deposits and Loans	Deposits and Loans	Deposits and Loans	Deposits and Loans	Deposits and Loans	Deposits and Loans	Deposits and Loans
2,327 2,348 2,368 2,391 2,379 1,770 1,775 1,791 1,799 1,659 1Q21 2Q21 3Q21 4Q21 1Q22 Average deposit balance Average loan balance (in NT 100mn) (in NT 100mn)
Date Items	1Q22	4Q21	3Q21	2Q21	1Q21	1Q22 to 1Q21 Increase or Decrease
						Amount	Ratio
Average deposit balance	2,379	2,391	2,368	2,348	2,327	52	2.23
Average loan balance	1,659	1,799	1,791	1,775	1,770	(111) (Note)	(6.27)

Note:Due to decreased in government loans.

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Deposit Breakdown - Average balance

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By type
Demand Deposits Time Deposits
55.95%
1,331
50.19%
49.81 %
1,168 1,159
44.05%
1,048
1Q21 1Q22
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Demand Deposits Increase NT$16,300million. Time Deposits Decrease NT$11,100 million.

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By currency (in NT 100mn)
NTD Deposits FCY Deposits
86.72%
87.54%
2,037 2,063
12.46% 13.28%
290 316
1Q21 1Q22
NTD Deposits Increase NT$2,600 million.
FCY Deposits Increase NT$2,600 million.
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Loan Breakdown - Average balance

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By customer
Consumers Government Corporates
53.17% 56.48%
941 937
41.47%
36.21%
688
641
10.62%
188
2.05%
34
1Q21 1Q22
Consumers Loans Increase NT$4,700 million.
Government Loans Decrease NT$15,400 million.
Corporates Loans Decrease NT$400 million.
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(in NT 100mn)
By currency
NTD Loans FCY Loans
90.90%
91.62%
1,609
1,520
9.10% 8.38%
161
139
1Q21 1Q22
NTD Loans Decrease NT$8,900 million.
FCY Loans Decrease NT$2,200 million.
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Net Interest Spread and NIM steady increased

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Net Interest Spread NIM
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(in %)
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	1.28 1.34 1.35 1.38 1.44 0.96 1.01 1.05 1.02 1.01 2021.03 2021.06 2021.09 2021.12 2022.03 (%)	1.28 1.34 1.35 1.38 1.44 0.96 1.01 1.05 1.02 1.01 2021.03 2021.06 2021.09 2021.12 2022.03 (%)	1.28 1.34 1.35 1.38 1.44 0.96 1.01 1.05 1.02 1.01 2021.03 2021.06 2021.09 2021.12 2022.03 (%)	1.28 1.34 1.35 1.38 1.44 0.96 1.01 1.05 1.02 1.01 2021.03 2021.06 2021.09 2021.12 2022.03 (%)	1.28 1.34 1.35 1.38 1.44 0.96 1.01 1.05 1.02 1.01 2021.03 2021.06 2021.09 2021.12 2022.03 (%)	1.28 1.34 1.35 1.38 1.44 0.96 1.01 1.05 1.02 1.01 2021.03 2021.06 2021.09 2021.12 2022.03 (%)	1.28 1.34 1.35 1.38 1.44 0.96 1.01 1.05 1.02 1.01 2021.03 2021.06 2021.09 2021.12 2022.03 (%)
Date Items		2022.03	2021.12	2021.09	2021.06	2021.03	2022.03 to 2021.03 variation
Net Interest Spread		1.44	1.38	1.35	1.34	1.28	0.16
NIM		1.01	1.02	1.05	1.01	0.96	0.05

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Asset Quality

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(in %)
Coverage Ratio NPL Ratio
600 540.61 2.00
476.44
463.98 459.77
431.99
300 1.00
0.30 0.28 0.29 0.27 0.28
0 0.00
2021/3/31 2021/6/30 2021/9/30 2021/12/31 2022/3/31
(%)
2022/3/31 to
Date
2022/3/31 2021/12/31 2021/9/30 2021/6/30 2021/3/31 2021/3/31
Items
variation
Coverage Ratio 540.61 476.44 459.77 463.98 431.99 108.62
NPL Ratio 0.28 0.27 0.29 0.28 0.30 (0.02)
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Capital Adequacy Ratio

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(in %)
Total CAR Tier1 CET1
13.60
13.21 13.23
13.03
12.86
12.06
11.47 11.49
11.27
11.13
9.36 9.48 9.68 9.70 9.60
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2021/3/31 2021/6/30 2021/9/30 2021/12/31 2022/3/31 (%	2021/3/31 2021/6/30 2021/9/30 2021/12/31 2022/3/31 (%	2021/3/31 2021/6/30 2021/9/30 2021/12/31 2022/3/31 (%	2021/3/31 2021/6/30 2021/9/30 2021/12/31 2022/3/31 (%	2021/3/31 2021/6/30 2021/9/30 2021/12/31 2022/3/31 (%	2021/3/31 2021/6/30 2021/9/30 2021/12/31 2022/3/31 (%	2021/3/31 2021/6/30 2021/9/30 2021/12/31 2022/3/31 (%
Date Items	2022/3/31	2021/12/31	2021/9/30	2021/6/30	2021/3/31	2022/3/31 to 2021/3/31 variation
Total CAR	13.60	13.23	13.21	13.03	12.86	0.74
Tier1	12.06	11.49	11.47	11.27	11.13	0.93
CET1	9.60	9.70	9.68	9.48	9.36	0.24

(%)

Note ： The ratios in 2022/3/31,2021/9/30 and 2021/3/31 are unaudited.

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Credit Ratings

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Long term Short term Fitch Ratings Outlook (Domestic) (Domestic) 2019 AA-(twn) F1+(twn) stable 2020 AA-(twn) F1+(twn) stable 2021 AA-(twn) F1+(twn) stable

Long term Short term Fitch Ratings Outlook (IDR) (IDR) 2019 BBB+ F1 stable 2020 BBB+ F1 stable 2021 BBB+ F1 stable

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Business Results in 2022 Q1

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• Profit growth steady attribute to robust performance in 2022 Q1.

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• Net Interest Spread and NIM steady increased.

• Outstanding performance in supporting Kaohsiung Youth Venture Loan policy.

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• Gradually improves capital adequacy.

• Well received by demonstrating smart financial service in Smart City Summit & Expo.

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• Honored with Outstanding Financial Institution for SME Credit Guarantee Financing Business - Assisting Regional Development Award.

• Continuous optimization of asset quality.

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Prospects

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Prospects

Stabilized the quality of loans. Increase survival rate Increase fee income Strengthen fiscal operations Accelerate digital transformation

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Thanks for Listening

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