Investor Presentation Financial Results 9 Months FY2012 ended 30 September 2012 9 November 2012 www.maybank.com 0
Investor Presentation Executive Summary Financial Performance Business Sector Review Country Review Economic Update and Prospects 1 Financial Results: 9 Months FY2012 ended 30 September 2012
Key Highlights: Strong PATAMI growth of 18.2% YoY for 9M FY2012 Third Quarter Performance Nine Months Performance PATAMI rose 4.4% QoQ to RM1.50 billion PATAMI grew 18.2% YoY to RM4.29 billion, an annualised ROE of 16.3%, ahead of target Despite tighter market conditions, the Group maintained stable loans growth. Revenue growth sustained at 14.8% YoY Malaysia: Loan growth of 1.3% QoQ, with 14.9% YoY growth in fund based income, consumer loans growing 3.4% QoQ, ahead of supported by both conventional & industry 3.0% Investment banking income Singapore: Slower growth in consumer but 14.8% YoY growth in fee-based income on better performance on corporate loans healthy deal pipeline Indonesia: Loan growth of 3.3% QoQ Annualised loan growth of 12.4% for Malaysia, higher than the industry‟s 11.2% Group NIM remains stable at 2.42% for the quarter Group NIM for YTD Sept 2012 improved to 2.41% from 2.40% in 1H 2012 Asset quality improved with net charge off rate of 12bps. Reduced CIR & “positive jaws” with overheads increasing 11.4% against revenue growth of Faster deposit growth in Singapore & Indonesia, 14.8% while domestic CASA growth of 10.7% QoQ ahead of industry 6.1% Corporate Development 2 nd branch opening in Beijing, China Laos branch launched – completing ASEAN footprint Successful RM3.66 billion private placement exercise 2
Stable growth expected for the remainder of FY2012 Return on Equity Net Interest Margin Expected to be in line with Group target Pricing discipline with continued focus on improving funding structure Loans growth Asset Quality Malaysia: Stable QoQ growth on the back of sustained business & consumer Net charge off rate to be within confidence management guidance Singapore: Slower loan demand Overheads expected, but growth opportunities in Continued focus on overheads management, corporate loan segments with investment for capacity and capability Indonesia: Stable QoQ growth, with building. continued focus on franchise loan and deposit origination capabilities Capital Adequacy Expected to be comfortable in complying Deposit with upcoming Basel III requirements by Continued focus on growing CASA and Bank Negara expected to be introduced by opportunistic strategy to capture Fixed year end Deposits 3
Key Performance Indicators for 9 months FY12 FY2012 9M FY12* Industry Target Headline KPIs Return on Equity 15.6% 16.3% Loans and Debt Securities 15.2% 9.9% Growth Other targets Group Loans Growth 16.2% 10.4% • Malaysia 13.6% 12.4% 11.2% • Singapore ** 11.4% 2.1% 9.5% 21.2% # • Indonesia** 20.9% 17.3% Group Deposits Growth 12.3% 7.1% * Annualised ** Loans growth in local currencies # Annualised as of August 2012 4
Investor Presentation Executive Summary Financial Performance Business Sector Review Country Review Economic Update and Prospects 5 Financial Results: 9 Months FY2012 ended 30 September 2012
3Q FY12 PATAMI rose 4.4% QoQ to RM1.50 billion with an EPS of 19.11 sen Quarter RM million QoQ YoY 3Q FY12 2Q FY12 1Q FP11 Change Change Sep 2012 Jun 2012 Sep 2011 (Restated) * Net interest income 2,158.9 2,106.3 2.5% 1,873.6 15.2% Net Fund based income (Islamic Banking) 486.1 441.3 10.2% 438.5 10.8% Total net fund based income 2,645.0 2,547.5 3.8% 2,312.1 14.4% Net income from insurance and takaful 91.4 169.7 -46.1% 176.9 -48.4% business # Non-interest income 1,316.0 1,344.3 -2.1% 1,222.7 7.6% Fee based income (Islamic Banking) 82.0 125.6 -34.7% 77.8 5.5% Total fee-based income 1,489.5 1,639.6 -9.2% 1,477.4 0.8% Net income 4,134.5 4,187.1 -1.3% 3,789.6 9.1% Overhead expenses (2,044.0) (1,982.3) 3.1% (1,887.9) 8.3% Operating Profit before allowances for losses on loans and impairment losses on 2,090.5 2,204.8 -5.2% 1,901.7 9.9% securities Allowance for losses on loans (87.4) (199.4) -56.2% (98.7) -11.5% Impairment losses on securities, net (13.9) (27.3) -49.0% 1.0 -1466.4% Operating Profit 1,989.2 1,978.1 0.6% 1,804.0 10.3% Share of profits in associates 35.7 47.7 -25.2% 36.5 -2.3% Profit before taxation and zakat 2,024.8 2,025.9 -0.1% 1,840.5 10.0% Taxation & Zakat (490.4) (546.2) -10.2% (474.3) 3.4% Minority Interest (33.8) (42.1) -19.8% (38.1) -11.5% Profit after Tax and Minority Interest 1,500.7 1,437.6 4.4% 1,328.0 13.0% (PATAMI) EPS - Basic (sen) 19.11 18.64 2.5% 17.76 7.6% * Adoption of revised BNM Guidelines on Financial Reporting for Insurers by an insurance subsidiary with effect from 1 July 2011 # Net of insurance claims 6
9M FY12 PATAMI grew 18.2% YoY to RM4.29 billion, supported by an 14.8% YoY increase in net income Nine Months RM million 9M FY12 9M ended YoY Sep 2012 Sep 2011 Change (Restated) * Net interest income 6,285.9 5,471.8 14.9% Net Fund based income (Islamic Banking) 1,303.0 1,133.9 14.9% Total net fund based income 7,588.9 6,605.7 14.9% Net income from insurance and takaful 348.3 606.5 -42.6% business # Non-interest income 4,068.4 3,348.2 21.5% Fee based income (Islamic Banking) 366.8 213.2 72.0% Total fee-based income 4,783.5 4,167.9 14.8% Net income 12,372.3 10,773.6 14.8% Overhead expenses (6,021.1) (5,404.0) 11.4% Operating Profit before allowances for losses on loans and impairment losses on securities 6,351.2 5,369.6 18.3% Allowance for losses on loans (482.7) (218.7) 120.8% Impairment losses on securities, net (41.7) (108.7) -61.7% Operating Profit 5,826.9 5,042.2 15.6% Share of profits in associates 118.4 102.4 15.7% Profit before taxation and zakat 5,945.3 5,144.6 15.6% Taxation & Zakat (1,565.5) (1,338.9) 16.9% Minority Interest (94.7) (180.7) -47.6% Profit after Tax and Minority Interest 4,285.1 3,625.0 18.2% (PATAMI) EPS - Basic (sen) 55.40 48.47 14.3% * Adoption of revised BNM Guidelines on Financial Reporting for Insurers by an insurance subsidiary with effect from 1 July 2011 # Net of insurance claims 7
Strong Balance Sheet: Total Assets grew 7.1% annualised to RM476.9 billion 9m FY12 30 Sep 30 Sep 31 Dec 2011 YoY RM billion Annualised 2011 2012 (restated)* Growth Growth (restated)* Cash and short-term funds 44.3 49.1 -12.9% 40.7 8.9% Deposits and placements with financial institutions 7.1 6.5 12.7% 6.1 16.8% Securities purchased under resale agreements 1.6 1.4 21.5% 0.1 2535.6% Securities portfolio 71.1 68.3 5.6% 66.2 7.4% Loans, advances and financing 297.6 274.4 11.3% 265.3 12.2% Statutory Deposits with Central Banks 11.6 10.6 12.9% 9.4 23.0% Life, general takaful and family takaful fund assets 20.5 19.9 4.1% 19.4 5.9% Other assets 23.0 22.7 1.9% 24.9 -7.6% Total Assets 476.9 452.8 7.1% 432.1 10.4% Deposits from customers 330.5 313.7 7.1% 293.3 12.7% Deposits and placements of banks and other financial institutions 37.7 36.8 3.5% 36.1 4.6% Borrowings 10.4 7.2 60.3% 6.3 64.8% Subordinated debts 13.2 14.2 -8.7% 13.0 2.0% Capital Securities 6.2 6.1 1.2% 6.1 0.4% Insurance & Takaful liabilities & policyholders' funds 20.5 19.9 4.1% 19.4 5.9% Other liabilities 19.6 19.1 3.1% 22.5 -13.2% Total Liabilities 438.1 417.0 6.8% 396.7 10.4% Shareholders Funds 37.1 34.3 11.0% 33.9 9.7% Non-controlling interest 1.6 1.6 7.7% 1.5 5.1% Total Liabilities & Equity 476.9 452.8 7.1% 432.1 10.4% Loan-to-Deposit Ratio 90.0% 87.5% 90.5% * Adoption of MFRS1 with effect from 1 July 2011 resulting in changes on securities portfolio, other assets, other liabilities and shareholders funds 8
Gross loans grew 10.4% annualised (11.4% YoY), led by a 12.6% growth in Community Financial Services and 12.4% growth in Global Wholesale Banking 9m FY12 30 Sep 30 Jun QoQ 31 Dec 30 Sep YoY RM billion Annualised 2012 2012 Growth 2011 2011 Growth Growth Community Financial Services 132.1 127.9 3.2% 120.7 12.6% 115.2 14.6% Consumer 104.5 101.0 3.4% 94.9 13.5% 90.6 15.3% Total Mortgage 46.9 45.2 3.7% 42.1 15.2% 40.3 16.4% Auto Finance 30.5 29.6 2.9% 27.7 13.7% 26.6 14.5% Credit Cards 5.2 5.2 0.9% 5.3 -2.3% 5.0 4.4% Unit Trust 20.5 19.7 4.1% 18.5 14.7% 17.5 17.6% Other Retail Loans 1.3 1.3 4.4% 1.3 3.3% 1.3 4.1% Business Banking + SME 27.6 26.9 2.5% 25.8 9.0% 24.6 12.3% SME 4.7 4.6 4.0% 4.5 8.4% 4.9 -3.2% Business Banking 22.8 22.3 2.2% 21.4 9.1% 19.7 16.1% Global Wholesale Bkg (Corporate) 63.2 64.9 -2.6% 57.8 12.4% 57.9 9.2% Other Loans 0.0 (0.0) -153.1% 0.1 -115.3% 0.1 -88.4% Total Domestic 195.2 192.8 1.3% 178.6 12.4% 173.2 12.7% International 106.8 108.5 -1.6% 102.2 6.0% 98.7 8.3% Singapore (SGD billion) 25.1 25.3 -0.8% 24.7 2.1% 24.3 3.1% BII (Rupiah trillion) 75.9 73.5 3.2% 67.2 17.3% 62.0 22.4% Others 19.9 20.4 -2.7% 18.4 10.9% 16.8 18.2% Investment Banking 2.7 2.7 2.1% 1.9 56.0% 1.9 46.6% Gross Loans * 304.8 304.0 0.3% 282.8 10.4% 273.7 11.4% * Including Islamic loans sold to Cagamas and excludes unwinding of interest 9
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