JB Financial Group (175330) Investor presentation summary

Company overview and governance

• Operates as a financial services group with KRW 63.4 trillion in assets and KRW 603.9 billion net income (consolidated), listed on KOSPI since 2013.

• Major shareholders include Samyang Corp. (14.75%), Align Partners (14.18%), and OK Savings Bank (10.63%).

• Board consists of 11 directors (9 independent, 2 female), with a 99% attendance rate and regular education sessions for independent directors.

• Governance practices align with best practice guidelines, including robust CEO succession planning and annual BOD performance assessments.

Growth strategy and business development

• Achieved growth through acquisitions of JB Woori Capital, JB Asset Management, Kwangju Bank, and others, with successful M&A track record.

• Pursues partnerships with big tech and fintech firms to drive business diversification and secure new growth engines.

• Focuses on expanding core businesses and identifying niche markets, such as unsecured loans for immigrant workers.

Value-up plan and financial targets

• Aims for mid- to long-term ROE of 15%, with a 2026 target of 13% plus alpha, maintaining differentiated ROE.

• Plans to gradually increase shareholder return ratio to 45% by 2026, with a long-term target of 50% if CET1 ratio exceeds 13%.

• Cash dividend payout ratio fixed at 28% until 2026, with an expanded share buyback/cancellation proportion up to 40%.

• Will revisit shareholder return policy if PBR reaches 1x or remains below 1x beyond 2027, potentially adjusting RWA growth and return policy.