FFHC — Interim / Quarterly Report 2021

Aug 31, 2021

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First Financial Holding 20211H Earnings Result

August 31, 2021

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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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Contents

• At a Glance

• Financial Highlight

• Operating Results

• Appendix

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At a Glance

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Divergence across Sectors : Specter of Covid-19 Loomed in 2Q21

• 2Q21 Started with Norm and Ended up with Level-3 Alerts:

1H21 earnings totaled NT$10,913 mn(+24.5%,YoY). With Level-3 alerts starting from mid-May, group strived to maintain operations/services for clients under pandemic, here comes to a safe and solid result.

 Loan book grew by +9.3%, mainly came from SME lending, F/X lending rebounded in 2Q21 with Europe & US freedom day ahead:

Corp. (manufacturing) lending was demand-driven in 2Q21, WFH needs have reached well beyond the scope of related sectors, adding sentiment for 2Q21.

• Non-Bank subsidiaries achieved 12.2% profit contribution:

Broker & Life continued to boom in 2Q21, underpinning the group’s profit base and achieved contribution of 12.2%.

• Looking ahead, step by step resume to norm in the second half of 2021:

Local epidemic situation is under control in Aug., once-hit industries will resume its pace from the 3[rd] quarter, accompanied by traditionally rosy seasons for export.

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1H21 Financial Highlight

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1H21 Key Figures

Banking NT$9,491; 87.0% Securities NT$876;8.0% Investment Trust NT$51; 0.5 % Others NT$71; 0.6% Insurance NT$346; 3.2% 1H21 Net Income Breakdown1( in NT$ mn) AMC NT$78; 0.~~7~~

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 ~~%~~ 1H21 10,9131 7,972 3,600,7292 0.85 17.85 128,358 9.70% 0.62% 135.13% 102.03% YoY % 24.5% 41.4% 11.3% 25.0% 7.9% - 19.5% 14.8% 9.7% -4.3% 1H20 8,7641 5,636 3,234,7772 0.68 16.54 128,358 8.12% 0.54% 123.18% 106.29%

1. Based on the classification of specific company’s business units, financial information by business segments should be listed individually.

2. Adjusted proactively due to net receivables/payables offset.

3. Annualized figures. . 4. Updated semi-annually.

4. Double Leverage = Equity Investment / Shareholder Equity

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Net Income & Comprehensive Income

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1H21 Consolidated Net Income & Comprehensive Income (in NT$ mn)
↑ 11.7%
31,342
(1,189) ↑ 24.5%
(5,017)
(12,282)
(1,940)
10,913
7,972
Net Revenue Credit Charge Insurance Operating Income Tax Net Income Comprehensive
Reserves Expense Income
1H20 Consolidated Net Income & Comprehensive Income (in NT$ mn)
28,055
(2,335) (3,926)
(11,481)
(1,548)
8,764
5,636
Net Revenue Credit Charge Insurance Operating Income Tax Net Income Comprehensive
Reserves Expense Income
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Net Income Breakdown by Subsidiaries*

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1H21 FFHC Net Income Breakdown (in NT$ mn)
↑ 24.5%
↑11 .9% ↑ 461.5% ↑ 96.6%
10,913
9,491
876
51 346 78
First Bank First Securities FSITC First Life AMC FFHC
1H20 FFHC Net Income Breakdown (in NT$ mn)
8,483 8,764
156 32 176 54
First Bank First Securities FSITC First Life AMC FFHC
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• Major 5 subsidiaries were listed.

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1H21 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
9.52% 9.73% 9.11% 8.12% 8.19% 7.62% 9.04% 9.70%
5.40%
19,369
16,808
15,377
13,378
9,914 8,764 10,913
5,029
2,938
6M19 9M19 2019 3M20 6M20 9M20 2020 3M21 6M21
First Bank Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
9.34% 9.55% 8.97% 6.08% 7.88% 7.75% 7.16% 7.96% 8.70%
19,035
15,043 15,683
12,605
9,708 9,491
8,483
4,402
3,316
6M19 9M19 2019 3M20 6M20 9M20 2020 1Q21 2Q21
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FB 1H21 Pre-tax Profit

1H21 Cumulative Net Revenue(in NT$ mn or %)	1H21 Cumulative Net Revenue(in NT$ mn or %)	1H21 Cumulative Net Revenue(in NT$ mn or %)	1H21 Cumulative Net Revenue(in NT$ mn or %)	1H21 Cumulative Net Revenue(in NT$ mn or %)	1H21 Cumulative Net Revenue(in NT$ mn or %)
	Cumulative Net Revenue +3.1% 22,218 22,896 1H20 1H21
			Item 1H20	1H21	Change
			NII 62.0%	67.2%	+5.2%
			Net Fee 16.4%	16.5%	+0.1%
			Gain on ST Invest. 0.4%	0.5%	+0.1%
			Gain on LT invest. 0.9%	0.8%	-0.1%
			Gain on fin. Products 20.2%	13.2%	-7.0%
			Others 0.1%	1.8%	+1.7%
			z Total Revenue 100.0%	100.0%
			Provision Expense (net) -10.3%	-5.1%	-5.2%
			Operating Expense -44.5%	-45.4%	+0.9%
FB Revenue/Expense Comparison(in NT$ mn )			Income Before Tax 45.2%	49.5%	+4.3%

1. Gross Provision expense.

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FB 1H21 Loan Book Mix

500.3 154.3 818.2 154.5 148.7 486.8 729.4 369.4 102.0 379.2 1H201H21 1H20 1H21 1H20 1H21 1H20 1H21 1H20 1H21 ↑2.8% F/X↑2.7% 1H21 Loan Book1 (in NT$ bn or %) 1H21 Loan Book1 Breakdown(in NT$ bn ) Mortgage Large Corp. Loan F/X Loan Others3 Item 1H20 1H21 Change Consumer 29.4% 28.3% -1.1% Mortgage 26.5% 24.9% -1.6% Other Consumer Loan 2.9% 3.4% +0.5% Corporate Banking 70.6% 71.7% +1.1% Large Corp. Loan 8.1% 7.7% -0.4% SME Loan2 39.7% 40.8% +1.1% F/X/ Loan 20.1% 18.9% -1.2% --- Overseas 13.4% 11.5% -1.9% Gov./ SOE Loan 2.7% 4.3% +1.6% Loan Book1 100.0% 100.0% % of Loan Book1 ↑3.8% Overseas 246.6 ↑12.2% Overseas 230.0 Overseas ↓6.7% 1,836.3 2,006.5 1H20 1H21 Loan Book1 +9.3% SME Loan2 other consume ~~lo~~an 68.1 bn	500.3 154.3 818.2 154.5 148.7 486.8 729.4 369.4 102.0 379.2 1H201H21 1H20 1H21 1H20 1H21 1H20 1H21 1H20 1H21 ↑2.8% F/X↑2.7% 1H21 Loan Book1 (in NT$ bn or %) 1H21 Loan Book1 Breakdown(in NT$ bn ) Mortgage Large Corp. Loan F/X Loan Others3 Item 1H20 1H21 Change Consumer 29.4% 28.3% -1.1% Mortgage 26.5% 24.9% -1.6% Other Consumer Loan 2.9% 3.4% +0.5% Corporate Banking 70.6% 71.7% +1.1% Large Corp. Loan 8.1% 7.7% -0.4% SME Loan2 39.7% 40.8% +1.1% F/X/ Loan 20.1% 18.9% -1.2% --- Overseas 13.4% 11.5% -1.9% Gov./ SOE Loan 2.7% 4.3% +1.6% Loan Book1 100.0% 100.0% % of Loan Book1 ↑3.8% Overseas 246.6 ↑12.2% Overseas 230.0 Overseas ↓6.7% 1,836.3 2,006.5 1H20 1H21 Loan Book1 +9.3% SME Loan2 other consume ~~lo~~an 68.1 bn	Item 1H20 1H21 Change Consumer 29.4% 28.3% -1.1% Mortgage 26.5% 24.9% -1.6% Other Consumer Loan 2.9% 3.4% +0.5% Corporate Banking 70.6% 71.7% +1.1% Large Corp. Loan 8.1% 7.7% -0.4% SME Loan2 39.7% 40.8% +1.1% F/X/ Loan 20.1% 18.9% -1.2% --- Overseas 13.4% 11.5% -1.9% Gov./ SOE Loan 2.7% 4.3% +1.6% Loan Book1 100.0% 100.0% % of Loan Book1	r
		Item 1H20 1H21 Change Consumer 29.4% 28.3% -1.1% Mortgage 26.5% 24.9% -1.6% Other Consumer Loan 2.9% 3.4% +0.5% Corporate Banking 70.6% 71.7% +1.1% Large Corp. Loan 8.1% 7.7% -0.4% SME Loan2 39.7% 40.8% +1.1% F/X/ Loan 20.1% 18.9% -1.2% --- Overseas 13.4% 11.5% -1.9% Gov./ SOE Loan 2.7% 4.3% +1.6% Loan Book1 100.0% 100.0%

1. Loan Book does not include NALs

2. SME as defined by the “Act for Development of Small & Medium Enterprises; both NTD & Foreign currency loan included

3. Others included other consumer loan and Gov./SOE loan.

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FB Loan Breakdown

-QoQ Comparison

	102.0 101.2 93.8 133.6 154.5 369.4 379.6 374.2 381.9 379.2 148.7 148.5 155.4 146.3 154.3 729.4 758.0 791.0 793.6 818.2 486.8 493.0 495.8 492.5 500.3 2Q20 3Q20 4Q20 1Q21 2Q21 FB Loan Growth(in NT$ bn) 1,836.3 1,880.3 1,910.2 1,947.9 2,006.5 QoQ% ↑3.0% Mortgage↑1.6% SME↑3.1% Large Corp.↑5.5% F/X↓0.7%
SME Mortgage F/X loan Total loan Large Corp. Others	102.0 101.2 93.8 133.6 154.5 369.4 379.6 374.2 381.9 379.2 148.7 148.5 155.4 146.3 154.3 729.4 758.0 791.0 793.6 818.2 486.8 493.0 495.8 492.5 500.3 2Q20 3Q20 4Q20 1Q21 2Q21 1,836.3 1,880.3 1,910.2 1,947.9 2,006.5 QoQ% ↑3.0% Mortgage↑1.6% SME↑3.1% Large Corp.↑5.5% F/X↓0.7%

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FB 1H21 LDR, SPREAD &NIM

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Total Loan & LDR (in NT$ bn or % ) Total Loan [1] LDR
77.45% 76.56%
74.29% 74.04% 73.14% NTD 79.5%
71.04% 70.76% 71.89% F/X 50.6%
1,736.1 1,772.9 1,806.2 1,840.8 1,884.6 1,914.4 1,952.1 2,010.5
3Q19 2019 1Q20 2Q20 3Q20 2020 1Q21 2Q21
△
Loan-Deposit Spread / NIM ( in % ) Spread [2] NIM [2]
1.60% 1.59%
1.51%
1.44%
1.41% 1.40% 1.39% 1.40%
1.07% 1.06%
1.01% 0.99% 0.99% 1.00% 0.98% 0.99%
3Q19 2019 1Q20 2Q20 3Q20 2020 1Q21 2Q21
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1. Total Loan = loan + import/export negotiation + NALs

2. Annual cumulative Average Spread and NIM

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FB 1H21 Loan Yields

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FB NTD Yields & Costs Overview ( in % )
Interest Spread (NTD)
Deposit Rate (NTD) Lending Rate (NTD)
1.25% 1.25%
1.24%
1.24%
1.22%
1.56% 1.53% 1.55% 1.53% 1.51%
0.32% 0.31% 0.30% 0.28% 0.27%
2Q20 3Q20 4Q20 1Q21 2Q21
FB FX Yields & Costs Overview ( in % ) Deposit Rate (FX) Lending Rate (FX)
Interest Spread (FX)
2.07%
1.98%
1.92% 1.93% 1.92%
2.89%
2.57% 2.40% 2.36% 2.38%
0.97%
0.64%
0.48% 0.38% 0.31%
2Q20 3Q20 4Q20 1Q21 2Q21
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• All rates are QUARTERLY* average rates.

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FB 1H21 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
748.9
616.9
71.56%
+21.4%
69.13%
67.13% 67.42%
△
1H21 Total
Deposit
$2,758.7 bn
+16.9% YoY
+9.5%
2,047.7
1,869.2
2019 1H20 2020 1H21
1H20 1H21
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Major Exposures to Specific Industries

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End of 1H21 - % of Loan to Industries
Non-Manufacturing (76.67%)
Total Loan Bal. [1] : NT$2,145.7bn
Manufacturing (23.33%) Hotel& Restaurant 2.09%
4.23% Petro. Construction 2.78%
Wholesale/Retail 10.50%
5.94% Metal
Real Estate 10.83%
4.10% Tech.
Transportation &
3.43%
Warehousing
4.00% Machinery
Banking & Insurance 4.43%
Other Others(mortgage
5.06% 42.61%
Manufacturing included)
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1. Total exposures does not includes NALs and investment.

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FB 1H21 Mortgage Book

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Mortgage Yield & LTV Ratio (in %) Mortgage by Location (in %)
Mortgage NPL: 0.12% (1H21)
Loan-to-value ratio of new mortgage 46% TPE Metro.
Avg. loan-to-value ratio Mortgage Yield
East Area
4%
1.35% 1.35% 1.46% 1.46% 1.46%
9%
64.96% 64.90% 64.87% 64.82% 64.80%
Kaohsiung
45.94% 45.96% 45.96% 45.66% 45.74%
10% 20%
Tainan Taoyuan,
2Q20 3Q20 2020 1Q21 2Q21
Hsinchu,
Taichung 11% Mioli
↑4.3%
Monthly New Mortgage Lending (in NT$mn)
Monthly New Mortgage Lending 27,801 QoQ ↑ 66.9%
25,693
16,660
10,708
9,945
8,771 7,941 8,981 8,092 8,571 9,058 7,802 7,312 6,924 6,530 7,148
5,601
4,529
4M20 5M20 6M20 7M20 8M20 9M20 10M20 11M20 12M20 1M21 2M21 3M21 4M21 5M21 6M21
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FB 1H21 Fee Income Breakdown

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1H21 Cumulative Net Fee Income (in NT$ mn or %) % of Cumulative Net Fee
Item 1H20 1H21 Change
WM [1 ] 56.2% 56.4% +0.2%
3,772
3,638 Loan-related 21.2% 21.0% -0.2%
F/X 9.6% 9.6% +0.0%
+3.7%
Credit Card 3.7% 4.0% +0.3%
Other [2] 9.3% 9.0% -0.3%
1H20 1H21
Net Fee Income Cumulative Net Fee 100.0% 100.0%
1H21 Cumulative Net Fee Breakdown ( in NT$ mn )
2,126 ↑ 4.0%
2,045
↑ 2.6%
772 792
↑ 3.7%
351 364 337 340
133 150
1H20 1H21 1H20 1H21 1H20 1H21 1H20 1H21 1H20 1H21
WM Fee [1] Loan-related F/X Credit Card Other [2]
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1. WM Fee = Custodian Fee + Trust-related Fee + Bancassurance Fee

2. Other represents network service fee, including overseas branches

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FB Fee Income Breakdown

-QoQ Comparison

Wealt MGT.*	Fee Income(in NT$ mn)
	1,882 1,790 1,900 1,808 1,964 467 196 326 287 424 103 114 118 122 125 413 409 411 362 430 175 178 175 189 70 85 102 78 72 153 200 195 169 171 608 501 553 615 564 184 2Q20 3Q20 4Q20 1Q21 2Q21 Loan Related Credit Card F/X Related Quarterly fee income Others * Mutual Fund Custodian h Bancassurance ↑8.6% Banca. ↑47.7% Mutual Fund ↓10.1% QoQ QoQ**

• Wealth Management Fee = Fund sales + Bancassurance + Custodian

*Other represents network service fee, including overseas branches

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FB 1H21 Cost-to-Income Ratio

	9,898 10,387 1H20 1H21 Operating Expense Cumulative Operating Expense (in NT$ mn ) +4.9%	Item 1H20 1H21 Net Revenue 22,218 22,896 Operating Expense (9,898) (10,387) Provision(Net) (2,294) (1,164) Income Tax (1,543) (1,854) Net Income 8,483 9,491 Cost-to-Income Ratio Analysis( in NT$ mn)
1H21
Quarterly Operating Expense & Cumulated Cost-to-Income Ratio( in NT$ mn or % ) Operating Expense Cumulated Cost-to-Income Ratio Net Revenue 9,784 12,434 11,262 10,654 11,302 11,594 4,826 5,072 5,394 6,058 5,094 5,293 1Q20 2Q20 3Q20 2020 1Q21 2Q21 49.33% 44.55% 45.68% 48.38% 45.07% 45.37%

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FB 1H21 Asset Quality

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NPL Amount, Reserve, Coverage (in NT$ mn or % ) Coverage Ratio NPL Ratio NPL NPL Reserve
595.90%
527.52% 525.79% 527.32%
515.07% 527.30%
404.20%
0.24% 0.23% 0.23% 0.24% 0.23%
0.29% 0.20%
22,414 21,408 21,512 21,927 23,728 23,907 24,381
4,249 4,072 5,322 4,257 4,500 4,534 4,092
2019 3M20 6M20 9M20 2020 3M21 6M21
1
Individual & Mortgage NPL Ratios(in %) Large Corp. & SME NPL Ratios(in %)
Individual
Large Corp.
Mortgage
SME
0.23% 0.21% 0.20% 0.59%
0.18% 0.17%
0.35% 0.35% 0.35% 0.33%
0.18%
0.16% 0.15% 0.13% 0.12% 0.27% 0.29% 0.28% 0.27% 0.25%
2Q20 3Q20 4Q20 1Q21 2Q21 2Q20 3Q20 4Q20 1Q21 2Q21
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1. Individual: mortgage and non-mortgage loan included

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FB 1H21 Overseas Profits

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1H21 FB Overseas Pre-Tax Profit Mix ( in NT$ mn or %) 1H21 FB Total Pre-Tax Profit Mix ( in NT$ mn or %)
18.55% Total Pre-Tax
50.11% Profit
Taiwan Domestic Market; $11,345 mn
OBU/Greater China 65.3%
1H21
North America
Overseas
Asean
23.27% $3,941 mn
Others
Other Overseas ; Greater China (including OBU) ;
8.07% 17.4% 17.3%
Quarterly Overseas & Total PTP (in NT$ mn or %)
Overseas Total Cumulative Overseas PTP to FB Total PTP
45.76% 40.50% 43.64%
35.17% 34.74%
26.78%
6,042 5,998
5,347
4,744
3,984
3,585
3,175
2,032 2,509
1,401 1,402 1,432
1Q20 2Q20 3Q20 4Q20 1Q21 2Q21
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CAR & Core Capital

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FFHC Group CAR(in %)
CAR
135.13%
131.70%
121.35% 120.82% 123.18% 125.21%
118.70%
statutory CAR 100%
FB CAR & Core Capital(in %)
New LTV
13.21% 13.57% 13.22% 13.00% 13.43% 13.63% 14.14% CAR
Tier 1
12.28%
11.08% 11.58% 11.22% 11.11% 11.44% 11.66%
1H18 2H18 1H19 2H19 1H20 2H20 1H21
1H18 2H18 1H19 2H19 1H20 2H20 1H21
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• •Leverage ceiling for holding companies in Taiwan: Double Leverage < 125% ; Debt Ratio < 30%

• New LTV method adopted from June, 30 2021, which mainly linked to Mortgage and ADC RWA calculations.

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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 %)

		FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)	FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)	FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)	FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)	FFHC Consolidated Statement of Comprehensive Income FFHC Consolidated Statement of Comprehensive Income (in NT$ million or %)
		2017 2018 2019 2020 1H20 1H21 Change Year-over-Year Comparison
		2017 2018 2019 2020 1H20		1H21	Change
		Net interest income 29,993 30,268 29,604 30,483 14,715 Net service fee & commission 8,341 8,526 8,676 8,853 4,265 Net Insurance revenue 5,130 11,733 11,729 10,992 4,080 Gain on financial assets meas. 5,550 4,880 9,072 5,928 2,959 at fair value through P/L Real estate investment gain 93 117 138 211 78 Gain on AFS financial assets 1,052 0 0 0 0		16,492 5,080 5,141 1,971 106 0	12.1% 19.1% 26.0% -33.4% 35.9% --
		Gain on financial assets at fair value through other compre. income 0 1,566 1,505 2,673 1,081		1,560	44.3%
		Income from equity invest. 138 110 125 137 84		41	-51.2%
		Excluding gainon fin.assetsmeasured at amort.c 0 22 40 63 64		(26)	-140.6%
		Reserve of overlay approach	0 0 (22) 39 134	(69)	--
		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	(170) 2,499 1,147 243 528 (46) (90) (18) (42) (19) 746 618 322 (12) 86 50,827 60,249 62,318 59,568 28,055 (6,772) (5,486) (3,852) (4,511) (2,335) (4,560) (11,153) (11,256) (10,707) (3,926) (21,347) (22,906) (23,901) (24,730) (11,481) 18,148 20,703 23,309 19,620 10,313 (2,716) (3,370) (3,940) (2,812) (1,548) 15,432 17,332 19,369 16,808 8,764	618 45 383 31,342 (1,189) (5,017) (12,282) 12,854 (1,940) 10,913	17.0% -336.8% 345.3% 11.7% -49.1% 27.8% 7.0% 24.6% 25.3% 24.5%
		Other Items Comprehensive Income	(1,038) 417 7,399 (2,248) (3,128) 14,394 17,749 26,768 14,559 5,636	(2,941) 7,972	-6.0% 41.4%
		Net Income attributed to: Parent Minorityinterests	15,483 17,332 19,369 16,808 8,764 (51) 0 0 0 0	10,913 0	24.5% -
		Comprehensive Income attributed to: Parent Minorityinterests	14,380 17,749 26,768 14,559 5,636 14 0 0 0 0	7,972 0	41.4% -
		EPS1(NT$)
			1.24 1.35 1.51 1.31 0.68	0.85	25.0%

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FFHC Non-consolidated Income Statement

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

in NT$ million, NT$, or %
	Full	Year Results			Year-over-Year Comparison
	2017	2018	2019	2020	1H20	**1H21 **	Change
Operating revenues
Income from long-term investment	15,693	17,904	19,835	17,146	8,908	10,972	23.2%
Other income1	246	227	190	187	142	141	-0.7%
Total revenues	15,939	18,131	20,025	17,333	9,050	11,112	22.8%
Loss from long-term investment	(53)	(321)	0	0	(52)	0	-
Operating expenses	(334)	(356)	(389)	(378)	(182)	(198)	8.8%
Other expenses and losses	(118)	(110)	(202)	(201)	(106)	(90)	-15.1%
Income from continued op. before tax	15,434	17,344	19,434	16,753	8,710	10,824	24.3%
Income from continued op. after tax	15,483	17,332	19,369	16,808	8,764	10,913	24.5%
Income from discontinued op., net of tax	0	0	0	0	0	0	--
Net income	15,483	17,332	19,369	16,808	8,764	10,913	24.5%
EPS2(NT$)	1.24	1.35	1.51	1.31	0.68	0.85	25.0%

1. Including income other than long-term investment

2. EPS is adjusted retroactively for stock dividends

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FFHC Balance Sheet

FFHC Balance Sheet Summary in NT$ million or million shares

	Year-over-Year Comparison Full Years Result	Year-over-Year Comparison Full Years Result	Year-over-Year Comparison Full Years Result	Year-over-Year Comparison Full Years Result
		1H20	**1H21 **	Change
Long-term investment 205,970 217,409 232,876 234,703 Total non-consolidated assets 208,951 224,661 241,223 243,926 Total liabilities 17,168 19,358 21,490 22,719 Total shareholders' equity 191,783 205,303 219,733 221,207 Conolidated Balance Sheet Data Total consolidated assets 2,634,059 2,935,204 3,206,767 3,550,504 Total liabilities 2,442,008 2,729,901 2,987,034 3,329,297 Total shareholders' equity 192,051 205,303 219,733 221,207 Parent's shareholders' equity 191,783 205,303 219,733 221,207 Minority interests 268 0 0 0 Current shares outstanding** 122,164 123,386 124,619 128,358		225,637 246,958 34,675 212,283 3,234,777 3,022,493 212,283 212,283 0 128,358	233,836 251,729 22,550 229,179 3,600,729 3,371,550 229,179 229,179 0 128,358	3.6% 1.9% -35.0% 8.0% 11.3% 11.5% 8.0% 8.0% -- 0.0%

*figures may not match due to rounding

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FFHC Key Ratios

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FFHC Key Ratios	2017 2018 2019 2020 1H20 1H21 Change 0.60% 0.62% 0.63% 0.50% 0.54% 0.62% 14.8% 8.04% 8.58% 9.11% 7.62% 8.12% 9.70% 19.5% 15.70 16.64 17.63 17.23 16.54 17.85 7.9% 122,164 123,386 124,619 128,358 128,358 128,358 0.0% 107.40% 105.90% 105.98% 106.10% 106.29% 102.03% -4.0% 131.31% 131.70% 118.70% 125.21% 123.18% 135.13% 9.7% 8.24% 8.62% 8.91% 9.31% 14.04% 8.96% -36.2% Year-over-Year Comparison Full Year Results	2017 2018 2019 2020 1H20 1H21 Change 0.60% 0.62% 0.63% 0.50% 0.54% 0.62% 14.8% 8.04% 8.58% 9.11% 7.62% 8.12% 9.70% 19.5% 15.70 16.64 17.63 17.23 16.54 17.85 7.9% 122,164 123,386 124,619 128,358 128,358 128,358 0.0% 107.40% 105.90% 105.98% 106.10% 106.29% 102.03% -4.0% 131.31% 131.70% 118.70% 125.21% 123.18% 135.13% 9.7% 8.24% 8.62% 8.91% 9.31% 14.04% 8.96% -36.2% Year-over-Year Comparison Full Year Results	2017 2018 2019 2020 1H20 1H21 Change 0.60% 0.62% 0.63% 0.50% 0.54% 0.62% 14.8% 8.04% 8.58% 9.11% 7.62% 8.12% 9.70% 19.5% 15.70 16.64 17.63 17.23 16.54 17.85 7.9% 122,164 123,386 124,619 128,358 128,358 128,358 0.0% 107.40% 105.90% 105.98% 106.10% 106.29% 102.03% -4.0% 131.31% 131.70% 118.70% 125.21% 123.18% 135.13% 9.7% 8.24% 8.62% 8.91% 9.31% 14.04% 8.96% -36.2% Year-over-Year Comparison Full Year Results	2017 2018 2019 2020 1H20 1H21 Change 0.60% 0.62% 0.63% 0.50% 0.54% 0.62% 14.8% 8.04% 8.58% 9.11% 7.62% 8.12% 9.70% 19.5% 15.70 16.64 17.63 17.23 16.54 17.85 7.9% 122,164 123,386 124,619 128,358 128,358 128,358 0.0% 107.40% 105.90% 105.98% 106.10% 106.29% 102.03% -4.0% 131.31% 131.70% 118.70% 125.21% 123.18% 135.13% 9.7% 8.24% 8.62% 8.91% 9.31% 14.04% 8.96% -36.2% Year-over-Year Comparison Full Year Results
		1H20	**1H21 **	Change
After-tax ROAA (Annualized ratio) After-tax ROAE (Annualized ratio) Book Per Share Capital Stock Double leverage1 Group CAR2 Debt Ratio3		0.54% 8.12% 16.54 128,358 106.29% 123.18% 14.04%	0.62% 9.70% 17.85 128,358 102.03% 135.13% 8.96%	14.8% 19.5% 7.9% 0.0% -4.0% 9.7% -36.2%

1. Double leverage ratio = Long-term investment / Equity

2. Updated semi-annually.

3. Unconsolidated basis

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FB Income Statement

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

			FB Income Statement
			bject to final Reviewed FB Comprehensive Income Statement Summary(Standalone) in NT$ million or % 2017 2018 2019 2020 1H20 1H21 Change Net interest income 28,843 28,669 27,832 28,534 13,775 15,385 11.7% Net fee income 7,457 7,563 7,858 7,328 3,638 3,772 3.7% Net gain on ST invest. 398 98 515 655 79 107 35.4% Net gain on LT invest. 719 834 903 826 197 179 -9.1% Net gain on other fin. products 5,256 8,396 9,932 6,710 4,489 3,025 -32.6% Other net income 241 462 273 81 40 428 970.0% Net revenue 42,914 46,022 47,313 44,134 22,218 22,896 3.1% Operating expenses (18,466) (19,863) (20,834) (21,350) (9,898) (10,387) 4.9% Pre-provisiion pre-tax profit 24,448 26,159 26,479 22,785 12,320 12,509 1.5% Provision expense (9,621) (8,480) (6,655) (7,900) (3,709) (3,003) -19.0% Adjustment: bad-debt recovery 2,782 3,017 2,898 3,471 1,414 1,839 30.1% Income before tax 17,609 20,696 22,722 18,356 10,026 11,345 13.2% Income tax (2,467) (3,134) (3,688) (2,673) (1,543) (1,854) 20.2% Net income 15,142 17,562 19,035 15,683 8,483 9,491 11.9% Other items (1,214) 503 6,450 (1,974) (2,636) (2,841) 7.8% Comprehensive income 13,928 18,065 25,485 13,709 5,847 6,650 13.7% EPS 1.70 1.97 2.14 1.76 0.93 1.04 0.12 Year-over-Year Comparison Full Year Results

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FB Key Ratios

					FB Key Ratios	FB Key Ratios	FB Key Ratios	FB Key Ratios
				FB Key Ratios
					~~Year-over-Year Comparison~~ ~~Full Year Results~~
					2017 2018 2019 2020 1H20 1.65% 1.64% 1.59% 1.40% 1.44% 1.26% 1.18% 1.06% 1.00% 0.99% 43.03% 43.19% 44.02% 48.38% 44.55% 79.28% 78.71% 74.29% 71.04% 74.04% 0.38% 0.32% 0.24% 0.24% 0.29% 0.46% 0.34% 0.28% 0.24% 0.28% 0.05% 0.23% 0.08% 0.20% 0.35% 1.38% 1.25% 1.27% 1.26% 1.20% 358.56% 389.64% 527.52% 527.32% 404.20%	1H21	Change -2.78% 0.00% 1.84% -2.90% -31.03% -25.00% -60.00% 5.00% 47.43%
				Loan to deposit spread Net Interest Margin Cost to income ratio3 Loan to deposit ratio1 NPL ratio Domestic NPL ratio Overseas NPL ratio LLR ratio (excluding gov. loan) Coverage ratio		1.40% 0.99% 45.37% 71.89% 0.20% 0.21% 0.14% 1.26% 595.90%
				CAR Tier-1	13.42% 13.57% 13.00% 13.63% 13.43% 11.25% 11.58% 11.11% 11.66% 11.44%	14.14% 12.28%	5.29% 7.34%
				ROAA2 ROAE2 1. Loan to depoist ratio = total loan / 2. Annualized figures.	0.60% 0.65% 0.64% 0.48% 0.54% 7.91% 8.71% 8.97% 7.16% 7.88% total deposit	0.56% 8.70%

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FB Loan Quality

FB NPL Migration in NT$ million or %

		FB NPL Migration in NT$ million or % 2019 2020 Q1 Q2 1H20 1H21 Change NPL- beginning 5,449 4,249 4,500 4,534 4,249 4,500 5.9% Net new NPL influx 4,132 6,408 1,404 177 5,560 1,581 -71.6% Domestic 3,210 4,866 162 462 4,536 624 -86.2% Overseas 922 1,542 1,242 (285) 1,024 957 -6.5% Net write-offs (5,332) (6,157) (1,370) (619) (4,487) (1,989) -55.7% NPL- ending balance 4,249 4,500 4,534 4,092 5,322 4,092 -23.1% Allowance for loan loss- beginning 21,229 22,414 23,728 23,907 22,414 23,728 5.9% Provisions for loan loss 6,439 7,666 1,483 1,162 3,623 2,645 -27.0% Net write-offs (5,332) (6,157) (1,370) (619) (4,487) (1,989) -55.7% Others 78 (195) 66 (69) (38) (3) -92.1% Allowance for loan loss- ending 22,414 23,728 23,907 24,381 21,512 24,381 13.3% Recovery from bad debt 2,897 3,471 691 1,148 1,414 1,839 30.1% Domestic 2,684 3,414 669 1,067 1,388 1,736 25.1% Overseas 164 8 10 72 2 82 4000.0% Credit card 49 49 12 9 24 21 -12.5% 1. Non-consolidated basis Year-over-Year Comparison 2021 Quarterly Full Year Results

1. Non-consolidated basis

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First Sec. Operating Report

First Sec Income Statement Summary

in NT$ million or %

	2017 2018 2019 2020 1H20 1H21 Change Full Year Results Year-over-Year Comparison	2017 2018 2019 2020 1H20 1H21 Change Full Year Results Year-over-Year Comparison	2017 2018 2019 2020 1H20 1H21 Change Full Year Results Year-over-Year Comparison
		1H21	Change
			103.1% 72.8% 320.8% 564.8% -17.5% 128.0% 38.5% 56.7% 454.0% 395.0% #DIV/0! 461.5% 396.3% 289.3% -2.8% -0.8%
Brokerage commission Net interest income Underwriting commission Transaction gains through F/V, net Other operating income Total operating income Total operating expenses Non-operating income Income before tax Income tax	849 899 777 1,351 573 306 293 220 242 103 38 97 45 77 24 227 29 270 476 54 107 34 89 127 57 1,527 1,352 1,401 2,273 811 (1,301) (1,260) (1,172) (1,489) (665) 72 77 86 80 30 298 169 315 864 176 (26) (55) (43) (120) (20)	1,164 178 101 359 47 1,849 (921) 47 975 (99)
Cummulative effect of change in accounting principles	0 0 0 0 0	0
Net income	272 114 272 744 156	876
First Sec Key Ratios
ROAE (Annualized) ROAA (Annualized) Brokerage market share Margin loan market share	4.41% 1.81% 4.28% 11.05% 4.84% 1.55% 0.61% 1.32% 2.81% 1.31% 1.53% 1.42% 1.39% 1.50% 1.43% 2.94% 2.53% 2.29% 2.46% 2.37%	24.02% 5.10% 1.39% 2.35%

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FSITC Operating Report

FSITC Income Statement Summary in NT$ million or %

	2017 2018 2019 2020 1H20 1H21 Change Year-over-Year Comparison Full Yeart Results	2017 2018 2019 2020 1H20 1H21 Change Year-over-Year Comparison Full Yeart Results	2017 2018 2019 2020 1H20 1H21 Change Year-over-Year Comparison Full Yeart Results	2017 2018 2019 2020 1H20 1H21 Change Year-over-Year Comparison Full Yeart Results
			1H21	Change
Total operating income
Management fee 501 640 615 584 265 Sales service fee 7 13 28 33 20 Total operating income 508 653 643 617 285 Operating expenses (440) (540) (559) (532) (249) Non-operating income 15 12 21 8 4 Income before tax 82 125 105 93 40 Income tax (12) (24) (19) (18) (8) Income after tax 70 101 86 76 32 Cummulative effect of change in accounting principles 0 0 0 0 0			334 14 348 (294) 9 63 (11) 51 0	26.0% -30.0% 22.1% 18.1% 125.0% 57.5% 37.5% 59.4% #DIV/0!
Net income 70 101 86 76 32			51	59.4%
y FSITC Key Ratios
AUM 101,095 85,558 105,042 108,551 105,079 AUM Ranking 8 9 10 11 11			111,769	6.4%
			11
1. Non-consolidated basis

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First Life Operating Report

~~First Life Financial Results Summary~~ in NT$ million or %

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Full Year Result Year-over-Year Comparison
2017 2018 2019 2020 1H20 1H21 Change
Income Statement Summary
Operating Revenue 13,298 13,506 14,435 14,865 5,998 7,543 25.8%
Premium Income 11,684 12,698 13,193 13,330 5,318 6,581 23.7%
Other insurance income 277 312 272 256 126 129 2.4%
Net Investment Income 1,337 496 970 1,279 554 833 50.4%
Operating Cost 12,861 13,022 13,565 13,743 5,516 6,863 24.4%
Reinsurance commission 40 49 59 68 32 37 15.6%
Reserves 4,566 11,192 11,304 10,745 3,954 5,028 27.2%
Claims 7,419 851 1,329 2,210 1,167 1,381 18.3%
Commission 711 930 873 720 362 417 15.2%
Others 125 0 0 0 1 0 --
Operating Expenses (566) (638) (655) (730) (353) (353) 0.0%
Profit/Loss of Operation (129) (154) 215 392 129 327 153.5%
Non-Operating Profit 0 0 0 0 0 0 --
Profit/Loss Before Tax (129) (154) 215 392 129 327 153.5%
Income tax 26 13 29 94 47 19 -59.6%
Net Income after tax (103) (141) 244 485 176 346 96.6%
Key Ratios
ROAE(Annualized ratio) -19.39% -13.46% 10.44% 14.02% 10.88% 16.12% 48.2%
ROAA(Annualized ratio) -0.30% -0.34% 0.47% 0.76% 0.60% 0.98% 63.3%
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• FFHC claims 51% of First-Aviva operating results in 2017.

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Q&A
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