key points & summary - mirae asset daewoo...2018/08/23  · pbs business expanded wm & ib...

17

Upload: others

Post on 31-Jul-2020

3 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border
Page 2: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border
Page 3: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

[ Brokerage ] - ADTV W14.0tr(+2.0%), Retail M/S 67.8%(+0.1%p) - Oversea Commission W11.1bn(-23.6%) - Commission M/S 8.3%(+0.1%p), Avg. commission rate 5.2bp(-0.3bp) - Brokerage Assets(including deposits) W144.0tr(+0.0%p) - Global Equity Balance W5.4tr(+13.2%)

[ Wealth Management ] - Total WM(financial product sales) Assets W113.6tr(-0.5%) - Pension Assets W10.9tr(+2.4%)

[ Investment Banking ] - IB commission profit over W100bn for the first time - League Table: Rights Offer M/S 23.4%, Domestic Bond MLA M/S 12.3% - 2Q Major Deals: IPO (SV Investment), Real Estate PF(Alpha-dome) Acquisition Financing(ING Life) Rights Offer(Samsung Heavy Industries) [ Trading ] - FI: Superior performance utilizing decrease in KRW-denominated bonds rates - Derivatives: First launch of Global-equity-payment ELS in the market (FY18 1H accumulated sales over W100bn) - Equity: Portfolio management combining both local leading shares and global shares [ Interest P/L ] - Dividend W45.9bn profit, Corporate loan & Credit grant W65.5bn profit

[ Others ] - HNW 171k person(+0.9%), New accounts 136K(+19.1% YoY), General&Admin.Ratio 51.5%(-4.3%p QoQ) - Revaluation loss of India investment fund –W19.3bn non-operating P/L applied - Overseas W13.6bn Profit,

Key Points & SummaryIncome Statement (Unit: Wbn)

(Separate)Net Operating Revenue W465bn / Operating Profit W226bn (Consolidated)Pretax Income W219.3bn / Net Income W157.1bn

Brokerage

Wealth Management

Investment Banking

Trading Income

Interest Income & Dividends

Commission Expenses, etc.

SG&A Expenses

Operating Profit

(Separate) Pre-tax Income

(Consolidated) Pretax Income

(Consolidated) Net Income

Net Income

*(QoQ)

Page 4: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

(Unit: Wbn) (Unit: Wtr)

(Unit: Wtr)

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018By commission By turnover Avg. commission rate

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018

Page 5: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

(Unit: Wbn) (Unit: Wtr)

(Unit: Wtr) (Unit: Wtr)

14.5 13.3 7.0 6.3

19.9 20.5 37.1

37.9

37.6

39.3

41.2

12.2

12.4

13.0

12.5

10.8

25.7

25.4

24.8

26.4

25.3

18.4

17.6

17.4

17.7

18.7

7.7

7.0

7.6

7.2

6.7

6.8

6.9

7.7

7.9

7.9

3.7

3.2

3.3

3.3

3.0

2Q 2017

3Q 2017

4Q 2017

1Q 2018

2Q 2018

Mutual Fund CMA Bond/CP etc. Trust

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018

Reitrement Pension (DC+DB+IRP) Personal Pension

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018Mutual Fund Wrap Account Trust/Pension ELS/DLS

Page 6: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

(Unit: Wbn)

MA-DWOthers

MA-DWOthers

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018Underwriting Advisory & Others

Page 7: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

26.8 25.8 21.8 22.7 22.7

FI Balance Portion of Foreign-currency Bonds

(Unit: Wbn) (Unit: Wtr)

(Units: Wtr) (Unit: Wtr)

Page 8: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

(Unit:KRW)

(Unit: KRW) (Unit:KRW)

( : )

(Unit:KRW)

Page 9: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border
Page 10: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018Face-to-Face Direct

(Unit: Wtr) (Unit: Wtr, person)

(Unit: Wbn) (Unit: K)

116.8 120.6 132.7 150.7 149.4

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018

2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018

Page 11: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border
Page 12: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

Market cap. W6.273tr*

Number of total shares outstanding 812,392,158 (Comm. shares : 658,316,408 / Pref. shares : 14,075,750 / 2nd Pref. shares : 140,000,000)

*Note : As of June 30th 2018 (Market Cap: common shares, pref. shares, 2nd pref. shares)

Major Shareholders*

Mirae Asset Capital (124,096,307, 18.85%) National Pension (65,769,075 9.99%)

36 Related Parties (2,154,890 0.27%) NAVER (47,393,364, 7.20%)

Treasury Stocks (109,580,809 16.65%) ESOP (1,846,210 0.28%)

Shareholders’ Equity*

W8.25tr (consolidated)

W8.16tr (separate) Client Assets* W257.5tr

Credit Ratings Baa2 (Moody’s) / AA (Korea Ratings, Korea Investors Service, NICE Information Service)

Employees* Domestic Network*

Total 160 (152 WM, 8 IWC) 4,564 persons

Page 13: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

Note: 1) Percentage of ownership is calculated by total number of issued common shares excluding preferred stocks

2) As of June 30th 2018

Page 14: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

Apr. 2016 Majority shareholder changed from KDB Bank to Mirae Asset Securities

Dec. 2016 Launch of the newly merged Mirae Asset Daewoo

May 2000 Majority shareholder of Daewoo Securities changed from Korea First Bank consortium to KDB Bank

May 2016 Renamed as Mirae Asset Daewoo

Dec. 1999 Establishment of Mirae Asset Securities

Oct. 2017 Establishment of subsidiary in India

Nov. 2017 Designated as Super-large Investment Bank (Equity over W4bn)

Jun. 2017 Strategic Partnership with Naver (MOU)

Apr.2018 Establishment of a holding company in USA (Mirae Asset Securities Holdings USA)

Page 15: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

• Expand global management to build a base for growing into a global IB

• Differentiate our investment business by expanding investment

capabilities

• Establish a base for innovative growth through digitalization

• Strengthen our comprehensive

marketing as a life financial planner to support clients with

stable retirement financing

Global Investment

Digital Pension

4 Innovation

Factors

Asian Top-tier Investment Bank by 2020 * 4 key Innovation factors : G(Global) ∙ I(Investment) ∙ D(Digitalization) ∙ P(Pension)

Page 16: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border

Expansive global network with IB·Trading 12 overseas subsidiaries and three overseas representative offices

China U.K. IB & Trading business

Korea

Mongolia

Vietnam

Singapore Indonesia

On solid growth in Retail brokerage

Hong Kong

Brazil

On solid growth in Global bond trading

Expanding local IB business

U.S. (NY)

PBS Business

Expanded WM & IB Business

U.S. (LA) Launched derivatives broking

Advisory services for Korea-China cross-border deals

Acquired mutual fund sales license (Nov ‘17)

Launched business (Mar ‘18)

Serves as a IPO manager for local companies

U.S. Holding Company (NY)

Founded (Mar ‘18)

Page 17: Key Points & Summary - Mirae Asset Daewoo...2018/08/23  · PBS Business Expanded WM & IB Business U.S. (LA) Launched derivatives broking Advisory services for Korea-China cross-border