Maybank 1HFY12 Analyst Presentation (Malayan Banking Berhad)

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Maybank 1HFY12 Analyst Presentation (Malayan Banking Berhad)

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Maybank 1HFY12 Analyst Presentation (Malayan Banking Berhad)

  1. 1. Investor Presentation Financial Results First Half FY2012 ended 30 June 2012 16 August 2012 www.maybank.com0
  2. 2. Investor Presentation Executive Summary Financial Performance Business Sector Review Country Review Economic Update and Prospects1Financial Results: First Half FY2012 ended 30 June 2012
  3. 3. Key Highlights: Continued profit growth Continued revenue and profit growth for 1H FY12 Revenue grew 18.0% YoY to RM8.2 billion due to 22.3% growth in fee-based income while fund based income rose 15.2% PATAMI grew 21.2% YoY to RM2.78 billion; 2Q FY12 PATAMI grew 24.5% YoY to RM1.44 billion Strong growth in both domestic and international operations PBT rose by RM616.3 million (+18.7%) YoY mainly due to growth in Global Wholesale Banking (+42.3%) and International (+54.5%) On annualised basis, Group’s gross loans grew 15.0%, driven by 15.8% loan growth in Malaysia (Corporate: 24.4%; Consumer: 13.1%) and 12.3% loans growth in International markets (BII: 18.8%) Islamic Banking PBT rose 50.9% on the back of 110% rise in fee based income and 14% annualised financing growth Strong Financial Position Asset Quality continued to improve with Gross and Net Impaired Loans ratio declining to 2.00% (June 2011: 3.34%) and 1.28% (June 2011: 2.25%) respectively as at June 2012 Liquidity improved with Group Loan to Deposit ratio declining to 86.9% from 90.1% in June 2011 Group shareholders’ funds of RM36.6 billion; total assets of RM492.3 billion Capital Adequacy Ratio of 15.49 % (assuming a 85% DRP reinvestment rate) Exceeded ROE target for FY2012 Annualised ROE of 16.1% exceeded the target of 15.6% while Loans and Debt Securities growth was 13.8% against 15.2% target Interim dividend payout ratio of 67.9% Proposed interim dividend of 32 sen per share less 25% tax Dividend consists of 4 sen cash portion and 28 sen electable portion for the Dividend Reinvestment Plan2
  4. 4. Key Performance Indicators for 1H FY12 FY2012 1H FY12 * Target Headline KPIs Return on Equity 15.6% 16.1% Loans and Debt Securities Growth 15.2% 13.8% Other targets Group Loans Growth 16.2% 15.0% • Malaysia 13.6% 15.8% • Singapore ** 11.4% 4.9% • Indonesia** 20.9% 18.8% Group Deposits Growth 12.3% 16.9% * Annualised ** Loans growth in local currencies3
  5. 5. Investor Presentation Executive Summary Financial Performance Business Sector Review Country Review Economic Update and Prospects4Financial Results: First Half FY2012 ended 30 June 2012
  6. 6. 2Q FY12 PATAMI rose 6.7% QoQ to RM1.44 billion with an EPS of 18.64 sen Quarter RM million 2Q FY12 1Q FY12 QoQ 4Q FY11 YoY Jun 2012 Mar 2012 Change Jun 2011 Change Net interest income 2,106.3 2,020.7 4.2% 1,826.7 15.3% Net Fund based income (Islamic Banking) 441.2 375.6 17.5% 365.4 20.8% Total net fund based income 2,547.5 2,396.3 6.3% 2,192.1 16.2% Net income from insurance and takaful * 169.7 87.2 94.5% 345.4 -50.9% Non-interest income 1,344.3 1,408.0 -4.5% 1,196.7 12.3% Fee based income (Islamic Banking) 125.6 159.2 -21.1% 77.6 61.8% Total fee-based income 1,639.6 1,654.5 -0.9% 1,619.7 1.2% Net income 4,187.1 4,050.8 3.4% 3,811.8 9.8% Overhead expenses (1,982.3) (1,994.8) -0.6% (1,962.1) 1.0% Operating Profit before allowances for losses 2,204.8 2,056.0 7.2% 1,849.7 19.2% on loans Allowance for losses on loans (199.4) (195.9) 1.8% (47.7) 317.9% Impairment losses on securities, net (27.3) (0.5) 5697.7% (114.0) -76.1% Operating Profit 1,978.1 1,859.6 6.4% 1,688.0 17.2% Share of profits in associates 47.7 35.0 36.4% 40.5 17.8% Profit before taxation and zakat 2,025.8 1,894.6 6.9% 1,728.5 17.2% Taxation & Zakat (546.2) (528.9) 3.3% (475.3) 14.9% Minority Interest (42.1) (18.8) 124.1% (98.9) -57.4% Profit after Tax and Minority Interest 1,437.5 1,346.9 6.7% 1,154.3 24.5% (PATAMI) EPS (sen) 18.64 17.63 5.7% 15.54 19.9% * Net of insurance claims5
  7. 7. 1H FY12 PATAMI grew 21.2% YoY to RM 2.78 billion, supported by an 18.0% YoY increase in net income Half Year RM million 1H FY12 2H FY11 YoY Jun 2012 Jun 2011 Change Net interest income 4,127.0 3,598.2 14.7% Net Fund based income (Islamic Banking) 816.9 695.4 17.5% Total net fund based income 4,943.9 4,293.6 15.2% Net income from insurance and takaful * 256.9 429.5 -40.2% Non-interest income 2,752.3 2,125.5 29.5% Fee based income (Islamic Banking) 284.8 135.4 110.3% Total fee-based income 3,294.0 2,690.4 22.3% Net income 8,237.9 6,984.0 18.0% Overhead expenses (3,977.1) (3,516.1) 13.1% Operating Profit before allowances for 4,260.8 3,467.9 22.9% losses on loans Allowance for losses on loans (395.3) (119.9) 229.7% Impairment losses on securities, net (27.7) (109.7) -74.7% Operating Profit 3,837.7 3,238.3 18.5% Share of profits in associates 82.7 65.8 25.6% Profit before taxation and zakat 3,920.4 3,304.1 18.7% Taxation & Zakat (1,075.1) (864.6) 24.3% Minority Interest (60.9) (142.6) -57.3% Profit after Tax and Minority Interest 2,784.4 2,296.9 21.2% (PATAMI) EPS (sen) 36.28 31.15 16.5% * Net of insurance claims Note:Contribution of Kim Eng Holding for 1H FY12 is for 6 months whereas 2H FY11 is for 2 months (Maybank completed the acquisition of KEH Group in May 2011)6
  8. 8. Strong Balance Sheet: Total Assets grew 17.4% annualised, LDR improved to 86.9% 30 Jun 31 Dec 2011 Annualised 1 Jul 2011 YoY RM billion 2012 (restated)* Growth (restated)* Growth Cash and short-term funds 60.3 49.1 45.9% 38.8 55.5% Deposits with financial institutions 8.6 6.5 66.9% 10.3 -16.3% Securities purchased under resale agreements 1.8 1.4 54.5% - - Securities portfolio 70.9 68.3 7.8% 61.2 15.9% Loans, advances and financing 295.7 274.4 15.5% 254.0 16.4% Statutory Deposits with Central Banks 11.7 10.6 21.7% 7.7 52.3% Life, general takaful and family takaful fund assets 20.1 19.9 2.0% 19.2 4.7% Other assets 23.2 22.7 3.9% 22.3 3.7% Total Assets 492.3 452.8 17.4% 413.5 19.1% Deposits from customers 340.3 313.7 16.9% 282.0 20.7% Deposits and placements of banks and FI 43.0 36.8 34.1% 33.3 29.2% Borrowings 10.6 7.2 95.2% 5.4 94.7% Subordinated debts 13.9 14.2 -4.1% 10.8 28.5% Capital Securities 6.1 6.1 1.1% 6.1 0.5% Insurance & Takaful liabilities & policyholders funds 20.1 19.9 2.0% 19.2 4.7% Other liabilities 20.1 19.1 10.1% 23.0 -12.6% Total Liabilities 454.1 417.0 17.8% 379.8 19.6% Shareholders Funds 36.6 34.3 13.2% 32.3 13.3% Non-controlling interest 1.6 1.6 7.8% 1.3 20.7% Total Liabilities & Equity 492.3 452.8 17.4% 413.5 19.1% Loan-to-Deposit Ratio 86.9% 87.5% 90.1% * Adoption of MFRS1 with effect from 1 July 2011 resulting in changes on securities portfolio, other assets, other liabilities and shareholders funds7
  9. 9. Gross loans grew 15.0% annualised (16.2% YoY), led by a 15.8% growth in domestic markets and 12.3% growth in international markets8
  10. 10. Deposits grew 16.9% annualised (20.7% YoY), driven mainly by growth in Malaysia of 19.6% (22.5% YoY) Malaysia Singapore BII Group Annualised YoY Annualised YoY Annualised YoY Annualised YoY RM bil SGD bil Rp tril RM bil Growth Growth Growth Growth Growth Growth Growth Growth Savings Deposits 35.0 12.9% 11.7% 3.1 13.7% 13.4% 16.0 -18.9% 9.0% 48.9 8.2% 11.0% Current Accounts 50.6 12.8% 7.6% 2.9 7.9% 17.1% 13.5 17.5% 11.4% 63.6 17.8% 9.3% Fixed Deposits 111.3 15.9% 33.9% 21.4 12.2% 25.6% 47.3 33.8% 20.5% 193.6 13.6% 26.9% Others 32.3 57.1% 26.6% 0.6 14.6% 52.1% - - - 33.7 55.2% 27.6% Total Deposits 230.0 19.6% 22.5% 28.1 12.0% 23.6% 76.7 17.8% 16.3% 340.3 16.9% 20.7% Malaysia Singapore BII Group Low cost funds (CASA) ratio 37.2% 21.6% 38.4% 33.1% Loan-to-Deposit Ratio 81.6% 89.4% 94.3% 86.9% Loans-to-Deposit Ratio Malaysia Singapore BII 95.4% Group 91.3% 90.1% 89.2% 88.9% 87.7% 96.4% 92.5% 94.3% 88.8% 93.9% 86.3% 90.7% 88.4% 83.9% 89.4% 88.1% 87.5% 86.6% 87.5% 81.2% 80.9% 87.4% 87.2% 86.8% 86.9% 82.6% 81.6% Jun Jun Dec Jun Dec Mar Jun Jun Jun Dec Jun Dec Mar Jun Jun Jun Dec Jun Dec Mar Jun Jun  Jun  Dec  Jun  Dec  Mar  Jun  09 10 10 11 11 12 12 09 10 10 11 11 12 12 09 10 10 11 11 12 12 09 10 10 11 11 12 129
  11. 11. Asset Quality continues to improve with net charge off rate for 1H FY12 at 28bps Allowance for losses on loans Impaired Loans Ratio +229.7% YoY 4.60% 4.67% 395.3 4.20% +317.9% 3.67% YoY 3.34% 3.23% +1.8 % 2.84% 230.3 QoQ 2.99% 2.83% 2.44% 2.74% 195.9 199.4 2.00% 2.39% 2.25% 2.18% 1.86% 119.9 98.7 1.57% 72.2 Net Impaired Loans Ratio 1.28% 47.7 Gross Impaired Loans ratio3Q FY11 4Q FY11 1Q FP11 2Q FP11 1Q FY12 2Q FY12 2H FY11 1H FY12 1 Jul 10 Sep 10 Dec 10 Mar 11 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Mar 11 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Jun 11 Jun 12 Day 110
  12. 12. Group Fee-based Income increased 22.3% YoY to RM3.29 billion*. Excluding Kim Eng it increased 17.3% YoY. +29.5% 2H FY11 ended Jun 2011 1H FY12 ended Jun 2012 2,752 +24.3% 2,126 1,790 1,440 RM million +223.8% +186.7% -11.5% +7.5% -40.2% +110.3% 486 430 430 284 278 257 (68) 182 195 135 86 59 Total non- Commission, Investment & Unrealised Foreign Exchange Other Income Net income Fee income from interest income service charges Trading Income gain/(losses) on profit from Insurance Islamic and fees securities & Business Operations derivativesExcluding Kim Eng Holdings1H FY12 2,459 24.6% 1,560 18.5% 243 207.9% 52 214.3% 429 -10.7% 176 22.8% 234 -45.5% 284 110.4%2H FY11 1,973 1,316 79 (45) 480 143 430 135 Note: Contribution of Kim Eng Holding for 1H FY12 is for 6 months whereas 2H FY11 is for 2 months (Maybank completed the acquisition of KEH Group in May 2011) * Includes net income from insurance business & fee income from Islamic operations11
  13. 13. Improved operating efficiency resulted in lower cost to income ratio of 47.8% 2Q FY12 1H FY12 Overhead Expenses QoQ YoY YoY QoQ YoY YoY (exc. Kim Eng) (exc. Kim Eng) (exc. Kim Eng) Personnel costs 4.7% 13.4% 4.0% 9.5% 20.9% 15.0% IT Expenses 0.9% -18.4% 1.6% -21.2% -5.4% -10.2% Marketing Expenses 14.2% -6.2% 13.4% -6.5% -13.2% -14.5% Admin, general expenses, fees, -12.7% -12.7% -15.0% -9.9% 10.6% 7.6% brokerage & establishment costs Total -0.6% 1.0% -1.5% 0.0% 13.1% 8.5% Admin, general expenses, fees, brokerage & establishment costs +13.1% YoY Marketing Expenses 3,977 +1.0% YoY IT Expenses 3,516 -0.6% QoQ 1,189 Personnel costs 1,075 232 1,554 1,962 1,888 2,054 1,995 1,982 267 262 277 635 698 635 554RM million 634 124 441 132 97 143 108 132 135 161 132 141 130 2,294 115 1,897 1,034 1,025 1,072 1,121 1,173 863 3Q FY11 4Q FY11 1Q FP11 2Q FP11 1Q FY12 2Q FY12 2H FY11 1H FY12 Mar 11 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Jun 11 # Jun 12 # # Contribution of Kim Eng Holdings for 1H FY12 is for 6 months whereas 2H FY11 is for 2 months (Maybank completed the acquisition of KEH Group in May 2011)12
  14. 14. RWCR strengthened to 15.49% from 15.35% in 1Q FY12 Adjusted for dividend payment and reinvestment made under Full electable Assuming 85% Full electable the Dividend Reinvestment Plan (DRP) portion paid reinvestment rate portion in cash reinvestedGroupBank Note: * Core Equity Ratio computation is based on transitional arrangements announced by BCBS # Core Equity Ratio is capped at Core Capital Ratio & Risk Weighted Capital Ratio13
  15. 15. The Group will declare a gross interim dividend of 32 sen per share less 25% tax Consistently rewarding shareholders with dividend in excess of policy of 40-60% Dividend Payout Ratio. The Board declared gross interim dividend of 32 sen per share less 25% tax which will consist of 4 sen cash portion and 28 sen electable portion for the Dividend Reinvestment Plan. Gross Dividend (sen) and Payout Ratio (%) 76.5% 74.9% 75.0% 67.9% 60.0% 61.0% Dividend Payout Ratio 32 86.1%* 18 44 Final Interim 88.6%* 36 32 26 28 88.5%* NA 11 91.1%* 8 FY08** FY09 FY10 FY11 FP11 FY12 * Reinvestment rate for the Dividend Reinvestment Plan ** adjusted for 1:4 Bonus Issue in February 2008 and 9:20 Rights Issue at RM2.74 in March 200914
  16. 16. Maybank Group: Key Ratios 1H FY12 2Q FY12 1Q FY12 FP11 FY11 Net Interest Margin 2.37% 2.42% 2.38% 2.53% 2.56% Return on Equity** 16.1% 16.4% 16.0% 16.2% 15.2% Fee to Income Ratio 40.0% 39.2% 40.8% 37.6% 36.6% Cost to Income # 47.8% 46.9% 48.7% 49.8% 49.6% Loan-to-Deposit Ratio 86.9% 86.9% 87.2% 87.5% 90.1% Post‐FRS 139 Asset Quality Gross Impaired Loans Ratio 2.00% 2.00% 2.44% 2.84% 3.34% Net Impaired Loans Ratio 1.28% 1.28% 1.57% 1.86% 2.25% Loan Loss Coverage 104.2% 104.2% 94.5% 86.9% 82.3% Charge off rate (bps) 28 28 28 25 23 Capital Adequacy (Group) Core Capital Ratio 11.42%* 11.42%* 10.97%^ 11.57%^ 11.68%^ Risk Weighted Capital Ratio 15.49%* 15.49%* 15.35%^ 16.29%^ 15.2%^ # Total cost excludes amortisation of intangibles for BII and Kim Eng * Assuming 85% reinvestment rate. ^ Adjusted for dividend payment and reinvestment made under the Dividend Reinvestment Plan (DRP) ** Annualised15
  17. 17. Investor Presentation Executive Summary Financial Performance Business Sector Review Country Review Economic Update and Prospects16 Financial Results: First Half FY2012 ended 30 June 2012
  18. 18. Revenue and PBT growth across most sectors +18.0% 2H FY11 ended 30 June 2011 8,238 1H FY12 ended 30 June 2012 Global Wholesale Banking (GWB) +48.6% Revenue (RM million) 6,984 +0.4% +50.1% +18.3% +113.6% +26.1% -21.9% 3,252 3,240 2,569 2,038 1,029 756 685 894 338 721 630 492 Total Community Corporate Banking Global Markets Investment International Insurance, Takaful Financial Services Banking Banking & (Inc. Kim Eng) Asset Management +18.7% 3,920 Profit before tax (RM million) 2H FY11 ended 30 June 2011 3,304 Global Wholesale Banking (GWB) +42.3% 1H FY12 ended 30 June 2012 -11.8% 1,558 +42.2% +19.9% +243.0% +54.5% -33.6% 1,375 917 1,037 645 662 794 671 254 396 263 74 Total Community Corporate Banking Global Markets Investment International Insurance, Takaful Financial Services Banking Banking & (Inc. Kim Eng) Asset Management Note: Revenue and PBT for Head Office & Others: –RM720m in 1H FY12 vs –RM703m in 2H FY1117
  19. 19. Revenue grew due to higher net fund based and fee-based income Net Fund Based Income rose 15.2% 2H FY11 ended 30 June 2011 +15.2% 1H FY12 ended 30 June 2012 4,944 Global Wholesale Banking (GWB) +14.7% 4,294 +6.1% RM million +22.8% 2,458 +45.1% -15.3% -14.8% +0.2% 2,317 1,689 1,376 440 638 366 310 81 69 48 48 Total # Community Corporate Banking Global Markets Investment International Insurance, Takaful Financial Services Banking Banking & # Includes expenditures of Head Office & Others of RM268 million for 1H FY12 and RM334 million for 2H FY11 Asset Management Note: a total of RM29 billion and RM 1.3 billion nett of deposits and loans respectively exited CFS to Corporate which resulted in net interest income for CFS to be lower by RM76 million in 1H FY12 Fee-based Income grew by 22.3% +22.3% Global Wholesale Banking (GWB) +82.3% 2H FY11 ended 30 June 2011 3,294 1H FY12 ended 30 June 2012 2,690 -14.0% RM million +59.1% +49.7% +154.3% +32.9% -23.7% 923 794 880 585 652 662 582 444 391 390 256 246 Total # Community Corporate Banking Global Markets Investment International Insurance, Takaful Financial Services Banking Banking & Note: In 2H FY11 , the credit card income was taken as gross of interchange fees while the 1HFY12, the position is nett after interchange fees Asset Management ^ # Includes expenditures of Head Office & Others of RM452 million for 1H FY12 and RM369 million for 2H FY11 ^ Includes net income from insurance business of RM257 million for 1H FY12 and RM430 million for 2H FY1118
  20. 20. Increasing revenue, PBT and loan contribution from international operations1H FY2012 Revenue Profit Before Tax Gross loans* (Jan 12 – Jun 12) 6.6%International: 5.6% International: 7.8% International:36% 28% 7.1% 36% 8.3% 15.5% 12.6% RM8.24b RM3.92b 21.3% RM304.0b* 14.4% 64.4% 63.8% 72.5% Malaysia Singapore 4% 16% 12% 68% Indonesia Others 5.5% 5.5% 4.7%2H FY2011 3.7%(Jan 11 – Jun 11) 7.9% 15.5% 14.4% 21.3% RM261.5b* 12.7% RM6.98b RM3.30b 65.3% 68.0% 75.5% International: International: International: 32% 25% 35% * Including Islamic loans sold to Cagamas and excludes unwinding of interest19
  21. 21. Community Financial Services: Mortgage grew 14.9% annualised with improving asset quality Continued growth despite intense competition Asset quality continued to improve +17.2% YoY * +14.9% annualised 3.1% 2.8% 38.6 42.1 43.4 45.2 2.2% 1.9% 5.7 6.1 6.6 1.6% RM billion 5.0 33.6 36.4 37.3 38.6 Jun 11 Dec 11 Mar 12 Jun 12 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Housing loans Shophouse loans Gross Impaired loan ratio - Mortgage * Industry grew 13.9% YoY as of June 2012 Mortgage market share increased in the  latest quarter Mortgage Approvals* increased in 2Q FY12 6.4 6.0 5.8 13.3% 5.1 4.6 13.2% RM billion 13.1% 13.0% Jun 11 Sep 11 Dec 11 Jun 12 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 * Based on cumulative 3 months figures20 * Industry refers to residential property and shophouses.
  22. 22. Community Financial Services: Auto Finance* business improved in volume and market share Auto Finance* grew 14.1% annualised in Jun 12 Asset quality remained stable with increasing market share +14.2% YoY 21% 2.0% +14.1% annualised 20% 20.2% 1.5% 27.2 28.0 29.1 20% 18.8% 19.0% 19.9% 25.5 19% 19.4% 1.0%RM billion 19% 0.6% 0.6% 0.5% 0.5% 0.5% 18% 0.5% 18% 17% 0.0% Jun 11 Dec 11 Mar 12 Jun 12 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Gross Impaired loan ratio Hire Purchase (RM billion) Hire Purchase Market Share Non-national cars formed 65% of Auto finance* loans New cars still form 87% of total Auto Finance* loans 66% 65% 64% 65% 86% 87% 87% 87% 34% 35% 36% 35% 14% 13% 13% 13% Jun 11 Dec 11 Mar 12 Jun 12 Jun 11 Dec 11 Mar 12 Jun 12 National Cars Non-national cars Used cars New cars21 * Auto Finance data refers to hire purchase arrangements only
  23. 23. Community Financial Services: Cards continued to gain market share Cards Market Share Cards performance outperforming industry Jun 12 Jun 11 YoY Maybank Industry* Cardbase 18.3% 17.6% Cardbase 1.0% -2.9% Billings 25.2% 23.2% Billings 19.5% 10.1% Receivables 15.1% 14.9% Receivables 6.2% 5.1% Merchant Sales 31.6% 29.5% M erchant Sales 18.6% 10.5% • Market Share for Billings and Merchant sales is based on 12- months running performance • Industry figures for cards includes commercial banks and • Card base excludes Debit cards non-FI players • Merchant and Billings consist of transactions done through Credit, Charge and Debit cards Cards receivables Card base (‘000) +6.21% YoY +0.97% YoY -4.8% annualised +0.2% annualised 5.2 1,488 5.1 1,487 5.1 4.9 1,474 RM billion 4.8 1,473 1,471 Jun11 Sep11 Dec11 Mar12 Jun12 Jun11 Sep11 Dec11 Mar12 Jun1222
  24. 24. Business Banking and SME: Expanding loans and deposits base Loans grew 8.2% annualised in Jun 2012 Deposits growth at 10.0% on annualised basis +8.2% ann. +10.0% ann. 26.9 50.7 51.5 53.2 24.7 24.6 25.8 25.5 47.3 41.2RM billion RM billion Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 SME loans* market share improving Business Banking and SME: Gross Impaired Loans Ratio continues to improve# 24% 22% 13.0% 13.0% 20% 23.2% 18% 19.9% 11.7% 19.2% 16% 17.4% 10.6% 17.0% 14% 12% 9.0% 10% Jun 11 Sep 11 Dec 11 Mar 11 Jun 12 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 * Classification of SME based on Bank Negara definition # Note: The NPL ratio for the Business Banking and SME loans as at June 12 is 5% compared to June 11 which was 8%.23
  25. 25. GWB: Loans Growth driven by 28.0% YoY increase in Term Loans Total GWB loans# increased by 10.5% YoY to Strong position in terms of Trade Finance Market Share RM62.0 billion 28% 26.9% RM billion 27% 26.4% 25.7% 25.8% 32.5 26% 24.7% Term Loan 25.9 +28.0% 25% YoY 24% 25.4 23% Jun 11 Sep 11 Dec 11 Mar 12 Apr 12 27.0 Trade Finance* -3.5% 27.5 Corporate Banking Gross Impaired Loans Ratio improved to YoY 1.46% in June 2012 28.0 3.91% 3.89% 3.63% 2.5 2.72% Jun 12 Overdraft -6.2% Dec 11 2.7 1.46% YoY 2.7 Jun 11 # Total GWB loans excludes USD (COF) loans amounting to RM2.9billion Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 * Trade Finance includes: Trade, OFCL, USD (COF) and Factoring24
  26. 26. Global Markets growth supported by a 38.3% YoY increase in Non-Interest Income PBT and Revenue grew 10% and 17% YoY respectively Credit Rating for Private Debt Securities in Malaysia Non-interest income +10.3% +17.3% Net interest income Comm. 1057 1,261 958 Papers 1,075 1% 518 Not Rated 538 30% AAA 743 BBB & 35% below A 537 5% 2% AA 2H FY11 1H FY12 2H FY11 1H FY12 27% Jun 2011 Jun 2012 Jun 2011 Jun 2012 PBT Revenue Group Securities Portfolio grew 8.5% annualised Group Securities Portfolio: 39.4% foreign securities and 16.2% YoY Government +16.2% YoY Securities - Domestic, Government +8.5% Annualised 27.9% Securities – Foreign, 70.9 24.3% 68.1 - 96.3% ASEAN 61.0 4.8 5.2 - 3.7% Non-ASEAN 3.1 RM70.9 Others Others (NIDs, 28.4 28.7 Bas etc), 7.3% billion 26.4 PDS 31.6 34.8 37.1 Govt. PDS - Foreign, 15.1% PDS - Securities Domestic, -36.5% ASEAN 25.3% - 63.5% Non-ASEAN Jun 11 Dec 11 Jun 1225
  27. 27. Maybank Kim Eng* reported a total income of RM758.4 million with Malaysia contributing 50% of the total income 1H FY2012 Total Income (RM mil) Total Income for Malaysia rose 122% YoY and 82% compared to 6m FP11 Malaysia, Others, 382.8, 50% 450.0 Other income 19.2, 3% 400.0 3.3 Fund based Hong Kong, 19.9 12.8, 2% 350.0 Fee based Indonesia, RM million 300.0 19.1, 2% 250.0 4.2 758.4 13.1 Philippines, 200.0 15.3 359.4 62.3, 8% 150.0 13.7 100.0 190.3 145.7 50.0 Thailand, 127.9, 17% Singapore, 0.0 134.3, 18% 2H FY11 6m FP11 1H FY12 1H FY2012 Equity Brokerage League Table by Country 1H FY2012 Fee-based Income for Malaysia Trading Primary Arrangers Fees Country Volume Market Share Rank Subscribers Fees 21% (RM mil) Agency/ Guarantee 22% Fees Thailand 75,221 12.2% 1 1% Malaysia 29,116 6.9% 3 Other Fee Income 5% Advisory Fees Indonesia 21,561 5.6% 3 17% Philippines 10,807 7.9% 4 Underwriting Fees 7% Singapore# 56,059 7.5% 5 Brokerage 16% Hong Kong 11,899 0.2% Tier 2 Placement Fees 11%# Rank is estimated based on market share 26 *Maybank Kim Eng represents the combined business of Maybank IB and business segments under Maybank Kim Eng Holdings
  28. 28. Maybank Kim Eng has made big strides with several notable deals, putting it in a leading position in Malaysia1H FY2012 Maybank IB’s (Malaysia) Industry Position & Recent Notable DealsMarket Share Industry Total Deals Market PETRON OIL & GAS INTERNATIONAL Rank by Value / PT ASTRA SEDAYA FINANCE SDN BHD GT CAPITAL HOLDINGS, INC Share Up to IDR 5,000,000,000,000 MYR1,770,000,000 USD 501,560,000 Value (RM bil) Issues Public Offering of Shelf Registration Bond Issuance I 2012 Adviser Initial Public Offering Acquisition of 65% equity interest Joint Bookrunner, Joint Mandated in Esso Malaysia Berhad and 100% Participating Underwriter Lead Arranger equity interest in Exxonmobil M&A1 1 23.7 16 35.5% Borneo Sdn Bhd and Exxonmobil Malaysia Sdn Bhd from ExxonMobil International Holdings Inc February 2012 Mar 2012 April 2012 Equity & Rights TANJONG POWER  1 3.2 5 26.3% HOLDINGS SDN BHD Offerings1 CIVMEC LIMITED SAPURAKENCANA PETROLEUM TANJONG POWER HOLDINGS SDN BHD Debt Markets – SGD 40,400,000 Initial Public Offering MYR11,654,700,000 Joint Principal Adviser MYR8,500,000,000 Joint Adviser Malaysia 1 10.4 87 29.9% Issuer Manager, Underwriter, Acquisition by 1MDB Energy Sdn Merger of SapuraCrest Petroleum Bhd, of 100% equity interest of Domestic Bonds1 Placement Agent Berhad and Kencana Petroleum Berhad Tanjong Power Holdings Sdn Bhd in Tanjong Energy Holdings Sdn Bhd Debt Markets – April 2012 May 2012 May 2012 Malaysia Ringgit 1 7.2 80 31.0% Islamic Bonds1 FELDA GLOBAL VENTURES BERHAD MALAYSIA AIRLINE SYSTEM BERHAD GAS MALAYSIA BERHAD Equity 3 29.1 - 6.9% USD3,143,300,000 MYR2,500,000,000 USD244,800,000 Brokerage2 Initial Public Offering Perpetual Junior Sukuk Programme Initial Public Offering Joint Principal Adviser, Joint Managing Underwriter, Joint Sole Principal Adviser, Sole Lead Principal Adviser, SoleSource: Bloomberg 1 2 Bursa Malaysia Global Coordinator, Sole Bookrunner, Joint Underwriter Arranger, Sole Lead Manager Bookrunner, Joint Underwriter May 2012 June 2012 June 201227
  29. 29. Group Islamic Banking business grew PBT by 50.9% YoY to RM715.5 millionGroup Islamic Banking Income and PBT* Market Share YoY Jun 2012 Jun 2011 RM million 1H FY12 1H FY12 2H FY11 2H FY11 Growth AITAB ** 30.4% 33.7% Fund based income 816.9 695.4 17.5% Mortgage 20.2% 19.3% Fee based income 284.8 135.4 110.3% Term financing 23.2% 22.8% Total income 1,101.7 830.8 32.6% ** Includes financing sold to Cagamas Allowance for losses on 16.1 0.9 1616.0% financing Maybank Islamic: Total Gross Financing grew14% Profit before tax and annualised to RM55.9 billion 715.5 474.3 50.9% zakat -3% * Group Islamic Banking  includes Maybank Islamic and the Group’s  16.6 16.3 other Islamic operations 15.8 +8% +41% 11.9 12.4 +7%Maybank Islamic: Improving key ratios 10.7 9.7 Jun 12 Dec 11 Jun 11 8.1 +47% 8.0 8.3 RM billion 7.3 +18% 7.2 Financing to Deposit Ratio 5.8 84.2% 83.7% 87.8% 3.4 4.7 (Adjusted) 3.1 3.6 2.9 Islamic Financing to 28.3% 28.5% 27.4% Total Domestic Loans ** Gross Impaired Financing AITAB Mortgage Term Others (CFS) Term Others 1.06% 1.62% 2.01% Financing Financing Financing (GWB) Ratio Jun 11 Dec 11 Jun 12 Net Impaired Financing 0.79% 1.03% 1.25% Ratio Consumer:     +11% Business:      +22%28
  30. 30. Etiqa: No. 1 Position in Life/Family (new business) and General Business Premium Loss Ratio Combined Gross Premium +15.5% 82.4% 83.3% Group Premium -12.4% 76.2% 74.8% Credit Premium +8.0% 75.0% Motor 2Q12 60.1% 62.7% 58.9% Regular Premium +4.2% 57.5% 61.8% Overall 2Q11 Single Premium +197.9% 54.6% +18.5% 36.4% 43.1% Total Life/Family 37.7% 39.8% Misc. Misc 33.9% Fire -5.8% 34.8% 32.1% MAT +14.8% 16.2% 13.2% 22.3% 18.0% MAT Motor +20.0% 11.2% 15.0% 1.1% Fire +3.1% + 12.1% Jun 11 Sept 11 Dec 11 Mar 12 Jun 12 Total General Industry Source: Loss ratio for Malaysia’s Conventional business only with RM Million rolling 12 Months (Apr11-Mar12). 0 500 1000 1500 2000 2500 3000Total Assets (RM billion) Life/Family (New Business) Market Share Etiqa Ins. & Tak. 14.0% No. 1 in +5.5% YoY Allianz Insurance 9.4% Life/Family +3.6% Anualised (New Business) HL‐MSIG Ins. & Tak. 8.2% 24.38 Source: ISM Statistics 0.0% 5.0% 10.0% 15.0% 23.94 (Apr11-Mar12). General Market Share 23.11 Etiqa Ins. & Tak. 17.3% No. 1 in Great Eastern Ins. & Tak. 14.7% General Prudential Ins. & Tak. 14.2% 0.0% 5.0% 10.0% 15.0% 20.0% Source: LIAM/ISM Statistics (Apr11-Mar12) June 2011 Dec 2011 June 201229
  31. 31. Investor Presentation Executive Summary Financial Performance Business Sector Review Country Review Economic Update and Prospects30 Financial Results: First Half FY2012 ended 30 June 2012
  32. 32. Singapore: 1H PBT rose 7.2% YoY to SGD190m driven by higher fund and fee based income and lower net provisionRevenue and PBT rose 4% and 7% YoY respectively Diversified Loan Portfolio 4.1% annualised 6m 22.0 24.6 25.1 Other (Consumer) 1H FY12 2H FY11 YoY 1.0 SGD million FP11 1.2 1.4 Jun 12 Jun 11 Growth 3.4 3.3 3.2 Car Loan Dec 11 ConsumerNet fund based income 231.6 240.3 228.3 1.4% 5.0 5.3 5.2 Housing Loan 39% SGD billionNon interest income 112.4 144.2 103.6 8.5% 2.5 2.8 2.8 Others (Corporate) 1.9 2.7 3.5Total income 344.0 384.6 331.9 3.6% 4.3 Non-Bank financial 2.8 3.2 Corporate  InstProvision (3.5) 8.6 10.2 -134.6% 61% General Commerce 4.6 5.3 6.3Profit before tax 190.3 218.1 177.6 7.2% Building & Const Jun 11 Dec-11 Jun-12 Asset Quality improved Maybank Singapore loans grew at 14.4% YoY 0.65% 0.62% 28.6% 0.63% 0.58% 0.58% 0.53% 0.46% 0.47% 0.53% 25.4% 24.2% 18.4% 11.4% 0.25%0.23% 0.23% 0.33% 0.32% 0.09% 0.07% 0.14% 0.25% 14.8% 14.4% 8.6% Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Jun-10 Jun-11 Dec-11 Jun-12 10 10 10 11 11 11 11 12 12 Maybank Singapore Growth Industry Growth Gross NPL ratio Net NPL ratio31
  33. 33. BII: PATAMI grew strongly by 61% YoY with improving NIM and continuing efficiencies in operating expenses Consolidated Income Statement* 1H FY11 1H FY12 Growth IDR billion Jun 11 Jun 12 YoY Interest Income 3,685 4,556 24% Interest Expenses (1,740) (1,979) 14% Net Interest Income 1,945 2,577 32% Non Interest Income 1,207 1,111 -8% Gross Operating Income 3,153 3,688 17% Operating Expenses (excl. Provision) (2,161) (2,423) 12% Operating Income before Provision 991 1,265 28% Provisions (556) (555) 0% Operating Income After Provision 436 710 63% Non Operating Income (expense) 81 113 39% Profit Before Minority Interest & Tax 517 824 59% Minority Interest (0) 17 >100% Tax (150) (249) 66% PATAMI 367 592 61% * Presentation is as per Bank Indonesia classification32
  34. 34. BII: Strong loans growth of 24% YoY accompanied by improved asset quality Loans composition (IDR trillion) 73.5 Net Interest Margin 69.8 62.0 67.2 5.89% 59.5 4.3 4.2 0.4 4.4 0.4 0.4 4.6 4.5 22.2 0.4 0.4 21.6 21.0 5.51% 19.1 20.1 5.43% 16.4 17.1 19.5 11.0 14.3 5.28% 5.22% 24.4 22.8 25.0 26.6 27.1 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Corporate SME Consumer Syariah Subsidiaries Asset Quality Loan-to-Deposit Ratio (Bank only) 4.15% 4.03% Net Impaired Loans ratio 90.4% Gross Impaired Loans ratio 88.9% 89.4% 85.8% 2.27% 2.24% 2.88% 2.08% 2.75% 83.0% 1.25% 1.11% 0.97% Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Modified LDR (consolidated) as of Jun’12 : 82.40% Modified LDR (bank only) as of Jun’12 : 80.58%33
  35. 35. BII: Branches and touch points expansion on track Branches and ATM Capital Adequacy : consolidated (credit, operational & market risk) 1,218 1,152 1,190 13.06% 1,088 952 1,009 1,017 844 893 12.71% 12.56% 12.46% 12.33% 327 337 344 346 351 368 375 274 295 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Branches ATM + CDM PATAMI We continue to invest in the expansion of network and IT infrastructure 822 725 Mobile banking is firmly in place and the Internet banking 634 669 592 platforms for individual, supply chain and corporates is continuously being improved 485 469 461 The new trade finance system recently went live BII is part of the Maybank IT Transformation Project (ITTP) which will allow continuous improvement of the -41 Bank’s critical applications 2004 2005 2006 2007 2008 2009 2010 2011 2012 2012 Through this vigorous network expansion and IT 6 months investment, Bank has shown positive growth in net profit34
  36. 36. WOM Finance: Overall consolidated asset quality is improving. However total industry is expected to feel the impact of new regulations.Revenue and PBT (IDR billion) Unit Financing (000 unit)Stand alone +1.2% Consolidated 268 270 778 787 238 217 -90% 52 29 4 -40 YTD Jun11 YTD Jun12 New Used Total Total Revenue Profit Before Tax YTD Jun 11 YTD Jun 12 Asset Quality : First Installment Default Ratio (%) Financing Amount (IDR billion) Consolidated Consolidated 3,072 3,309 3,249 7.17 2,814 6.12 5.72 5.69 5.62 435 238 Q211 2Q FY11 3QQ311 FY11 Q4 11 4Q FY11 Q112 1Q FY12 Q212 2Q FY12 New Used Total YTD Jun 11 YTD Jun 1235
  37. 37. An Binh Bank: PBT rose 15% YoY PBT increased by VND44.7 bil or 15% to VND352.3 bil for the 1H FY2012 mainly contributed by higher net interest income Revenue and PBT (+VND40.4 bil) and non-interest income (+VND15.2 bil). It is +7% further supported by lower provisioning by VND87.7 bil. 871.8 However, overhead expenses were VND98.6 bil or 25% higher, 816.2 mainly attributed to increase in other overheads (mainly VND billion branch expansion) by VND78.6 bil and staff costs by VND20 bil. +15% Revenue Gross Loans declined by VND1,063.5 bil or 6%, as a result of 307.6 352.3 PBT lower lending to customers. Slower loans growth is largely due to the compliance with State Bank of Vietnam on the capping of annual credit growth based on the bank’s performance. Meanwhile, Customer Deposits is higher by VND6,599.6 bil or 2QFY11 2QFY12 1H FY2011 1H FY2012 25% in tandem with the increase in corporate and retail deposits. NPL ratio improved from 4.51% to 3.83% on the back of lower Gross Loans and Deposits NPL of VND693 bil (June 2011: VND864 bil) despite a drop in 32,540.1 +25% loans portfolio. 25,940.5 Key Ratios June 2012 June 2011 VND billion 19,148.4 18,084.9 Return on assets 1.20% 1.27% Loans Return on equity 11.30% 9.68% Customer Cost-to-income ratio 55.80% 47.53% Deposits -6% Loans to deposit ratio 55.58% 73.82% NPL Ratio 3.83% 4.51% Net Interest Margin 4.96% 5.71% As at 30 11 11 Jun June As at JunJune 12 30 1236

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