PSC — Interim / Quarterly Report 2024

Aug 29, 2024

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2024.08.29

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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

Global Economic Overview

Global economy shows stable growth, but the inflation cooling remains stagnant.

• Latest IMF forecast shows the expected global economic growth is 3.2% in 2024 and adjusted the projection to 3.3% in 2025.

• The turbulent international situation and the slow pace of overall inflation cooling have affected the interest rate policies.

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The U.S. employment data fell short, influencing the Federal decision of interest rate cuts.

• The U.S. had announced a CPI annual growth rate of 2.9% in July, indicating that inflation has gradually improved.

• The U.S. reported an unemployment rate of 4.3 %, and NFP increased by 114 thousand (people) in July, market predicts interest rate cut cycle is likely to start.

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China's real estate remains weakness, and consumer spending growth is sluggish.

• China reported the GDP growth rate of 4.7% in 2024Q2, down from 5.3% in the first quarter.

• According to the statistic from January to July, the real estate develop and investment had decrease 10.2%, and retail sales of consumer goods had fallen to 3.5% compare with last year.

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Taiwan's economic growth is cooling, and the price index has risen again.

• The Directorate General of Budget has estimated that the economic growth rate is 5.09% in 2024Q2, and Taiwan's annual CPI was 2.52% in July .

• In July, NDC's monitoring indicators shows Yellow-Red light (referring to a warming economy ) , and Taiwan's PMI is 52.2.

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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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Brief Introduction
President Futures Co.,LTD
Uni-President Asset Management Corp.
President Capital Management Corp.
Number of Date of
President Insurance Agency Co., Ltd.
employees Incorporation
PSC Venture Capital Investment Co., Ltd.
1,737
Product and Services
1988.12.17
Number
Brokerage, Proprietary Trading,
of Branches
31 Underwriting, Fixed Income Dealing, Affiliated
Financial Products, Shareholder Services, Companies
Wealth Management & Trust, Capital
Offshore Securities Units
NTD 145.58
Billion
統一綜合證券 President Securities (Hong Kong) LimitedJinYuan President Securities Co.,Ltd.
President Securities Corporation
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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

	Consolidated Balance Sheets	Consolidated Balance Sheets	Consolidated Balance Sheets
	ITEM	2024 Q2 % 2023 Q2 %	YOY 40% 3% 37% 45% 85% 45% 0% 18% 9%
	Current Assets Non-Current Assets	179,963 95% 128,702 93% 9,723 5% 9,428 7%
	Total Assets	189,686 100% 138,130 100% 155,684 82% 107,147 78% 220 0% 119 0%
	Current Liabilities Non-Current Liabilities
	Total Liabilities	155,904 82% 107,266 78% 14,558 8% 14,558 10% 19,224 10% 16,306 12%
	Capital Common Stock Other Equity
	Total Equity	33,782 18% 30,864 22%

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 ITEM 2024 Q2 % 2023 Q2 % YoY Revenues 7,598 100% 4,730 100% 61% Operating Expenses 4,799 63% 3,332 70% 44% Operating Income 2,799 37% 1,398 30% 100% Other Income and Costs 542 7% 415 9% 31% Income Before Tax 3,341 44% 1,813 39% 84% Income Tax Expense 266 4% 180 4% 48% Net Income 3,075 40% 1,633 35% 88% Other Comprehensive Income 494 7% -3 0% 16567% Total Comprehensive Income 3,569 47% 1,630 34% 119% EPS(NTD) 2.11 - 1.12 - 88%	Consolidated Income Statement ITEM 2024 Q2 % 2023 Q2 % YoY Revenues 7,598 100% 4,730 100% 61% Operating Expenses 4,799 63% 3,332 70% 44% Operating Income 2,799 37% 1,398 30% 100% Other Income and Costs 542 7% 415 9% 31% Income Before Tax 3,341 44% 1,813 39% 84% Income Tax Expense 266 4% 180 4% 48% Net Income 3,075 40% 1,633 35% 88% Other Comprehensive Income 494 7% -3 0% 16567% Total Comprehensive Income 3,569 47% 1,630 34% 119% EPS(NTD) 2.11 - 1.12 - 88%	Consolidated Income Statement ITEM 2024 Q2 % 2023 Q2 % YoY Revenues 7,598 100% 4,730 100% 61% Operating Expenses 4,799 63% 3,332 70% 44% Operating Income 2,799 37% 1,398 30% 100% Other Income and Costs 542 7% 415 9% 31% Income Before Tax 3,341 44% 1,813 39% 84% Income Tax Expense 266 4% 180 4% 48% Net Income 3,075 40% 1,633 35% 88% Other Comprehensive Income 494 7% -3 0% 16567% Total Comprehensive Income 3,569 47% 1,630 34% 119% EPS(NTD) 2.11 - 1.12 - 88%	Consolidated Income Statement ITEM 2024 Q2 % 2023 Q2 % YoY Revenues 7,598 100% 4,730 100% 61% Operating Expenses 4,799 63% 3,332 70% 44% Operating Income 2,799 37% 1,398 30% 100% Other Income and Costs 542 7% 415 9% 31% Income Before Tax 3,341 44% 1,813 39% 84% Income Tax Expense 266 4% 180 4% 48% Net Income 3,075 40% 1,633 35% 88% Other Comprehensive Income 494 7% -3 0% 16567% Total Comprehensive Income 3,569 47% 1,630 34% 119% EPS(NTD) 2.11 - 1.12 - 88%
	ITEM	2024 Q2 % 2023 Q2 %	YoY 61% 44% 100% 31% 84% 48% 88% 16567% 119% 88%
	Revenues	7,598 100% 4,730 100% 4,799 63% 3,332 70%
	Operating Expenses Operating Income Other Income and Costs Income Before Tax Income Tax Expense
		2,799 37% 1,398 30% 542 7% 415 9%
		3,341 44% 1,813 39% 266 4% 180 4%
	Net Income	3,075 40% 1,633 35% 494 7% -3 0%
	Other Comprehensive Income Total Comprehensive Income
		3,569 47% 1,630 34%
	EPS(NTD)	2.11 - 1.12 -

Unit：Million NTD

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

5 Years Operating Performances

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營收Revenue
淨利Net Income
100 MIL
EPS
116.22
95.81
100 95.43
75.98
2.75
2.48 62.71
1.98 2.11
50
40.11
36.15
28.90 30.75
0.5
7.36
0
2020 2021 2022 2023 2024 Q2 2024 YEAR
SOURCE：MOPS
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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

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Proprietary Trading

Market Position

Operating Status

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In financing balances, PSC has achieved a higher market share compared to 2023Q1. Looking ahead, the department will continuously develop system functions, improve online service quality, and optimize customer user experience.

Market Promotion

The department continue to follow with the sustainable policy and launch the "e-Statement" marketing campaign. This help us reduce paper consumption and contribute to protecting the environment.

This quarter, the stock market has followed the heat of the US earnings report in Q1, and benefit from the Nvidia whirlwind created by Jensen Huang in June. The department continues to adopt a bullish strategy, adjusting and adding profits accordingly.

Operational Strategy

After mid-July, the market turned down, and the department will wait for the opportunity in the future. If the stock price returns to a reasonable range, in line with the appropriate economic environment, the long strategy will be adopted in a timely manner.

PSC eBill ： https://webportal.pscnet.com.tw/ebill_event/

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

Business Development

Fixed Income Dealin g

Operating Strategy

Major central banks will start the interest rate cuts, and the department will focus on foreign bond trading, and increase the proportion of Taiwan bonds and convertible bonds to diversify trading risks.

Market Outlook

The US economy is gradually weakening, and the U.S. Treasury has released a bullish signal. The department will seize the opportunity, and focus on liquidity and credit risk control of the positions.

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Underwriting Business

Underwriting Performance

Owing to the efficiency of submission progress, the market participation rate and market share of underwriting amount were increased compared with the same period last year.

Development Strategy

The department actively engages in the market and strives to expand its market share in IPO and SPO.

Wealth Management

Investment Trust

The scale of trust assets reached 14 billion. The rate of Offshore Structured Notes has grown by 235% compared to 2023. Foreign bonds and Overseas stocks have shown exceptional performance this year.

Marketing Campaign

Launched the "Overseas Stock Champion Competition" campaign to encourage the diversification and flexibility of customers' asset allocation.

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

Business Development

Quantitative Trading

Business Profile

The accumulated profits is rank 3rd among proprietary concurrent operation of futures business in 2024. Additionally, we continuously operate new business of overseas futures spot arbitrage trading services, to reduce the single-market risks.

Operating Strategy

The department continues to expand its product diversification and revises its risk control methods to respond to new rules, upgrading the department's risk control capabilities.

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Financial Product Business

Market Share

The Equity Options Business maintains its position as the 2nd market share holder, while the volume of Structured Notes secures a market share ranking of fourth. Additionally, the issuance of call (put) warrants attains a market share ranking of seventh.

Marketing Campaign

Beside providing investors with more options for warrants, the department keep optimizing advanced functions in 2024. We are striving to enhance the efficiency of the trading system further.

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

Sustainable Development

【Sustainable Environment Action】

Low Carbon Transformation T

P Green Procurement

• To reduce paper consumption, the "Changing Transaction Category“ process has been digitize, and reached 85.65% of users in Q2.

• The solar green energy supply has started from May, accumulating 15,000 kWh of electricity and reducing carbon emissions by 7.41 metric tons.

Resource Sustainability R Management

• Environmental sustainability education have reached 10,269 participants from January, amounting to a cumulative of 1,711.5 hours

• Dividend eNotice was adopted by 37 companies through agreements from January, benefiting 105,358 shareholders to reduce paper waste.

Sustainable Environment

• In the first half of 2024, the green procurement proportion in total information device is 16.1%.

• Branch energy-saving lighting replacement: annual electricity savings of 19,160 kWh, reduction of 9.47 metric tons of CO2e.

F Sustainable Financial Strategy

• Issued 630 green-linked warrants in total. Among them, 105 are solar energy, 174 are wind power, and 351 are electric vehicle.

• For bond investments, the total amount in green bonds , social bonds and sustainable bonds is $2.06 billion.

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

Sustainable Development

【Awards & Performance】 SDG01 Best Action Sustainable Micro Movie TSAA Taiwan Taipei Golden Eagle Sustainability Action Micro Movie Festival Bronze Award Silver Award

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

Sustainable Development

【Awards & Performance】

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MorningStar ESG Rating No.1 Russell ESG Rating No.1

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SinoPac ESG Rating No.1* ISO International Certification

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Poor 50 Best
100 0
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Poor 3 Best
1 5
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Poor B Best
C- A+ A+
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ISO14064-1 GHG Inventory

The ranking of ESG ratings are base on domestic Independent Securities Industry Sector

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For 3 Consecutive Years Taiwan Corporate Sustainability Awards

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For 3 Consecutive Years PWC Sustainability Influence Award

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Taiwan Sustainable Financial Review Leaders as Top 20%

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Business Today Wealth Management Evaluation

• Best Sustainable Development Award

• Best Marketing Innovation

• Best Customer Satisfaction Award

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Wealth Magazine Wealth Management Award

• Best Graphic Marketing

• Best Wealth Appreciation

• Best Public Welfare Promotion

TSAA Taiwan Sustainability Action

• “Your place order! PSC donates to Child Welfare Alliance” -Bronze Award

• “PSC Elderly Fraud Prevention Activities” -Bronze Award

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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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