PSC — Annual Report 2021

Mar 9, 2022

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2022.03.09

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• This document may contain forward-looking statements, including but not limited to statements that address activities, events or developments that the Company expects or anticipates to occur in the future. All statements are made according to the projection of future operation and various political, economic and market factors beyond the Company’s control. Therefore, the actual results may differ materially from those contained in the forward-looking statements.

• The financial information provided in the document has not fully been reviewed by accountant.

• This document is not and cannot be construed as an offer to purchase or sell securities or other financial products or solicitation of an offer.

• All texts, images, illustrations and other material are subject to copyright held by President Securities Corp. Any reproduction, dissemination, transmission, and forwarding is strictly prohibited without the express written permission of President Securities Corp.

President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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2022/1/4
2021/11/8 36,799.65 2022/2/9
36,432.22 35,768.06
2021/5/7
34,777.76
2021/12/1
2021/9/30
2021/1/4 2021/6/18 33,843.33 34,022.04
30,223.89 33,290.08 2022/3/8
32,632.64
DJIA
2021/1/29
29,982.62
Data Interval：2021/1/1-2022/3/8
2022/01/04
18,526.35
2021/07/15
2021/04/27 18,034.19
1,716 17,595.90
2022/03/08
16,825.25
2021/08/20 2021/10/13
16,341.94 16,347.99
2021/05/17
2021/01/04 TAIEX
15,353.89
14,902.03
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2021 Overview and 2022 Preview

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Consolidated Balance Sheets

	2021	%	2020	%	Diff	YoY
Current Assets	108,685	92	105,322	93	3,363	3
Non-Current Assets	9,003	8	8,390	7	613	7
Total Assets	117,688	100	113,712	100	3,976	3
Current Liabilities	85,709	73	84,088	74	1,621	2
Non-Current Liabilities	212	27	145	26	67	46
Total Liabilities	85,921	100	84,233	100	1,688	2
Capital Common Stock	14,558	13	13,998	12	560	4
Other Equity	17,209	14	15,481	14	1,728	11
Total Equity	31,767	27	29,479	26	2,288	8

Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Consolidated Income Statement

	2021 % 2020 % Diff YoY
Revenues	11,622 100 9,581 100 2,041 21 1,094 9 1,055 11 39 4 6,260 54 4,919 51 1,341 27
Operating Expenditures Operating Expenses Operating Income Other Income and Costs Income Before Tax Income Tax Expense
	4,268 37 3,607 38 661 18 401 3 376 4 25 7
	4,669 40 3,983 42 686 17 658 6 368 4 290 79
Net Income	4,011 35 3,615 38 396 11 381 3 475 5 (94) -20
Other Comprehensive Income Total Comprehensive Income
	4,392 38 4,090 43 302 7
EPS(NTD)	2.75 0 2.48 0.27 11

Note: The consolidated income statements shows the accumulated amounts from January 1 to September 30.

Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Same period of 5-Years Operating Performances

Bil NTD

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14
11.6
12
9.6
10
8 7.3 7.1
5.8
6
4.0
3.6
4 2.6
2.4
1.2
2
0
Year
2017 2018 2019 2020 2021
Revenue Net Income
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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

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Brokerage Business

Marketing activities

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Promote the ledger business to meet the convenience of investors.

Business development

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Develop new business and enhance the value of the channel. Strengthen the specialization of the channel to the auxiliary products.

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System planning

Optimize online account opening, provide more channels for account opening, and strengthen electronic receipt and payment system to streamline operation procedures.

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Proprietary Trading

Performance

The performance is in the leading position and better than expected.

Operations strategy

Under risk of the uncertainty of the globe, we will take a prudent attitude and adjust investment positions to diversify investment and expand profit sources.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

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Fixed Income Dealing

Operations strategy

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Under the circumstance that the market trend is bearish, the proprietary trading of the bond department will strictly control the downside risk and operate cautiously.

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Business development

We will continue to expand the service fee income from sales and commodity issuance to balance the revenue sources of the department.

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Underwriting Business

Underwriting case

The profit of underwriting business was outstanding, with the annual budget target reaching rate of 349.61% and the underwriting procedure income increasing by 45.71% .

Participation rate

The market participation rate remained stable over 20%, and the underwriting amount grew steadily.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Wealth Management

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Quantitative Financial Product Trading Business

Investment trust

Non-discretionary Money Trust grew steadily, accounting for 3.87% of the market 3.87%

Business development

Strengthen overseas structured products, plan retirement financial products, and continue to optimize the wealth management website and mobile phone interface.

Commodity strategy

In response to changes in market interest rates, it is planned to open up Small Bond Services to provide customers with more diversified asset allocation options.

Business profile

Market making business ranked No. 5. Net value per share ranked No. 3.

Development plan

In response to unexpected news during the night trading period, which can easily cause excessive short-term market volatility. The night shift staffs have been increased.

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Market share

Share Options Business maintains ranked No. 2.

Structured commodities ranked No. 2. ETNs issuance ranked No. 1.

ETN Business

In order to meet the market demand, we will continue to design diversified and high-quality financial products, and we expect to issue an ETN of IC Design Return Index in late first quarter.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Stable Payout Ratio(Proposed)

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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The National Brand Wealth Management Yushan Award Award

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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Best Wealth Management of Banks and Securities No.1 Best Marketing Innovation No.3 Best Sustainability

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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Taiwan Corporate
Sustainability Awards
Gold Prize
Part of Reporting
Sustainability – Finance and
Insurance
Excellent Performance
Sustainable Comprehensive
Performance Award
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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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Bronze Prize Taiwan Institute for Sustainable Energy Taiwan Sustainability Action Awards Selected PricewaterhouseCoopers Taiwan CSR Competition Gold Prize 1111 Job Bank 2021 Happiest Employees

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Q&A

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