Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — Q1 2013 Earnings Presentation
75 slides from Cimb Group Holdings Bhd's earnings presentation, May 21, 2013
Slide 1: Analyst Presentation 1Q13 Results
Analyst Presentation 1Q13 Results 21 May 2013
Slide 2: Agenda
Agenda 1. Key Highlights 2. CIMB Group 1Q13 Financials 3. Malaysia & Singapore Consumer Banking 4. CIMB Niaga 5. CIMB Thai 6. Wholesale Banking 7. Investments 8. Other Highlights 9. 2013 Priorities & Other Highlights 10. Final Remarks 2
Slide 3: Key Highlights
CIMB Group : 1Q13 Results Key Highlights
Slide 4: 1Q13 Highlights
1Q13 Highlights Uplift of 1Q13 performance from gain from sale of CIMB Aviva (RM515 mil), netted off against restructuring charges (RM200 mil) Excluding one-off items Y-o-Y net profit up +4.2% IB and corporate banking had good starts, slower Treasury & Markets Moderate growth for CIMB Niaga – Lower
Slide 5: Key Financial Highlights (1)
Key Financial Highlights (1) Operating Income Net Profit ROE Cost to Income RM’ mil RM’ mil % % +21.2% +37.1% +340bps +120bps 56.3 55.1 3,945 19.0 3,255 1,386 15.6 1,011 1Q12 1Q13 1Q12 1Q13 1Q12 1Q13 1Q12 1Q13 +17.1% Q-o-Q +28.1% Q-o-Q +350bps Q-o-Q -200bps Q-o-Q 5
Slide 6: Key Financial Highlights (2)
Key Financial Highlights (2) Total Credit* Deposits** NIM^ Gross Impaired Loans RM’ bil RM’ bil % Ratio % +14.2% +13.4% -14bps -100bps 264.8 247.8 4.8 3.8 3.02 233.5 2.88 217.1 Mar-12 Mar-13 Mar-12 Mar-13 1Q12 1Q13 Mar-12 Mar-13 +2.6% Q-o-Q +7.0% Q-o-Q -15bps Q-o-Q 0bps Q-o-Q Notes: * Credit include
Slide 7: PBT By Country
PBT By Country 1Q13* 1Q12 Others Others Thailand Singapore 2% Thailand 6% 1% 3% 4% Singapore 3% Indonesia Indonesia 31% 31% Malaysia 60% Malaysia 59% 1Q13 PBT Y-o-Y Growth by Key Countries +5.9%* +6.3% +345.0% +9.2% * Excluding Aviva gains and restructuring charges 7
Slide 8: PBT By Division
PBT By Division 1Q13* 1Q12 RM ‘mil Investment RM ‘mil Investment Banking Banking 4% Investments 1% Investments 12% 15% Consumer Consumer Banking Banking 36% 35% Corporate Corporate Banking Banking 20% 28% Treasury & Treasury & Markets Markets 20% 29% 1Q13 PBT Y-o-Y Growth by Key Division Investment
Slide 9: CIMB Group 1Q13 Financials
CIMB Group : 1Q13 Results CIMB Group 1Q13 Financials
Slide 10: Quarterly Earnings Trend
Quarterly Earnings Trend 17.8% 19.0% 15.7% 16.1% 16.3% 16.8% 16.8% 15.6% 15.5% 3,945 3,544 3,381 3,255 3,326 3,369 2,959 3,032 2,750 1,718 1,405 1,470 1,496 1,278 1,287 1,341 1,371 1,386 1,233 1,133 1,109 1,143 970 1,012 1,011 1,082 917 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 Operating income*
Slide 11: Earnings Summary
Earnings Summary (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 2,261 2,073 9.1% 2,279 (0.8%) Non interest income 1,684 1,182 42.5% 1,090 54.5% Operating income 3,945 3,255 21.2% 3,369 17.1% Overhead expenses (2,219) (1,792) 23.8% (1,966) 12.9% PPOP 1,726 1,463 18.0% 1,403 23.0% Loan impai
Slide 12: PBT by Segment (Estimated)
PBT by Segment (Estimated) PBT (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Consumer Banking (29.3%) 503 475 6.1% 615 (18.1%) Malaysia (22.7%) 390 391 (0.1%) 491 (20.6%) Indonesia (6.4%) 110 90 22.7% 121 (8.6%) Singapore (-0.1%) (2) (1) n.a (6) 63.3% Thailand (0.3%) 6 (4) n.a. 10 (43.9%) Others (0.0%) (1) (
Slide 13: Key Ratios
Key Ratios (%) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q ROE * 19.0 15.6 15.5 NIM ** 2.88 3.02 3.03 Non-interest income / total income 42.7 36.3 32.4 Cost to income 56.3 55.1 58.3 Allowance coverage 82.3 81.3 82.8 Allowance coverage after regulatory reserve # 97.9 87.4 97.6 Loan loss charge * 0.15 0.30 0.10 Gross
Slide 14: Operating Expenses
Operating Expenses (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Personnel 1,228 981 25.2% 1,181 4.0% Establishment 423 418 1.2% 381 11.0% Marketing 87 84 3.6% 95 (8.4%) Admin & General 481 309 55.7% 309 55.7% Total 2,219 1,792 23.8% 1,966 12.9% Total excluding One-off Cost Items 2 2,019 1,792 12.7% 1,966 2.
Slide 15: Gross Loans and Credit Growth
Gross Loans and Credit Growth Loans by Country as at 31 Mar 13 # Divisions / Products (RM ‘bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Others Retail Financial Services (50.6%) 106.8 94.2 13.4% 103.1 3.6% Singapore 2% 7% Thailand Mortgages 52.2 47.7 9.4% 50.9 2.6% 7% Term Loans 24.4 18.8 29.8% 22.
Slide 16: Deposits Growth
Deposits Growth Deposits by Country as at 31 Mar 13 Divisions / Products (RM ‘bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Others Retail Financial Services (38.8%) 102.7 91.9 11.7% 97.9 4.9% Thailand 5% 5% Current 15.7 14.4 8.6% 14.9 4.9% Indonesia Savings 29.2 25.5 14.7% 27.7 5.3% 20% Fixed & Str
Slide 17: CASA Growth
CASA Growth 31 Mar 13 Country 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Others CIMB Thai 0.1% Malaysia & Singapore (RM ’bil) * 60.1 55.9 7.5% 61.1 (1.6%) 5% Indonesia (IDR ’bil) ** 77,729 59,120 31.5% 65,651 18.4% CIMB Niaga 28% Thailand (THB ’bil) 41.0 26.7 53.7% 38.3 7.2% Others (RM ’bil) 0.1 0.1
Slide 18: AFS (MTM) Position
AFS (MTM) Position 801.0 690.3 692.1 663.9 639.0 Mar 12 Jun 12 Sep 12 Dec 12 Mar 13 18
Slide 19: Capital Management – CIMB Group
Capital Management – CIMB Group Basel III (transitional) Minimum Regulatory Capital Ratios Requirements 31 Mar 13* 31 Dec 12 Core Equity Tier 1 3.5% 8.2% 7.8% Tier 1 4.5% 10.1% 9.9% Total Capital 8.0% 14.1% 14.3% DRS take-up rate of 84.4% on the FY2012 second interim dividend Includes gain from disp
Slide 20: Malaysia & Singapore Consumer Banking
CIMB Group : 1Q13 Results Malaysia & Singapore Consumer Banking
Slide 21: Consumer Banking – MY and SG
Consumer Banking – MY and SG (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 862 813 6.0% 858 0.5% Non interest income 257 259 (0.8%) 254 1.2% Operating income 1,119 1,072 4.4% 1,112 0.6% Overhead expenses (769) (714) 7.7% (767) 0.3% PPOP 350 358 (2.5%) 345 1.7% Provisions 35 32 9.4% 136 (7
Slide 22: Malaysian Consumer Gross Loans Growth
Malaysian Consumer Gross Loans Growth Divisions / Products (RM ‘bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Retail Financial Services (88.9%) 80.9 71.7 12.9% 78.4 3.2% Mortgages 39.2 36.3 8.3% 38.4 2.0% Term loans 22.4 17.2 30.0% 20.8 7.6% Auto 11.7 10.6 10.2% 11.4 2.7% Credit cards 3.8 3.9 (4.4%
Slide 23: Malaysian Consumer Deposits Growth
Malaysian Consumer Deposits Growth Divisions / Products (RM ‘bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Retail Financial Services (70.7%) 63.8 56.6 12.8% 61.8 3.4% Current 9.3 8.3 12.2% 8.9 4.1% Savings 14.8 13.5 10.2% 14.2 4.6% Fixed & structured deposits 39.7 34.8 13.9% 38.7 2.8% Commercial Ba
Slide 24: Malaysian Consumer Banking Indicators (1)
Malaysian Consumer Banking Indicators (1) Mar-13 Mar-12 Mortgages – Loan Base Market Market RM ‘bil Rank* Rank +8.3% Y-o-Y Share Share ASB Financing 22.8% 3 15.9% 3 +2.0% Q-o-Q 39.2 38.4 Individual 11.3% 4 11.0% 4 Deposits 36.3 Auto 7.5% 5 7.5% 5 Residential 12.9% 3 13.4% 3 Mortgages Credit Cards 11
Slide 25: Malaysian Consumer Banking Indicators (2)
Malaysian Consumer Banking Indicators (2) Credit Cards Debit Cards +7.1% Y-o-Y 1,611 1,330 -3.1% Q-o-Q 421 3.1 3.5 3.4 +331.7% Y-o-Y -4.4% Y-o-Y +25.2% Q-o-Q -3.3% Q-o-Q 196.1 3.9 3.9 3.8 156.5 45.4 Mar-12 Dec-12 Mar-13 Mar-12 Dec-12 Mar-13 Credit Cards Loan Base Total Spending (RM 'bil) Total Spend
Slide 26: New Initiatives / Campaigns
New Initiatives / Campaigns Bank-in-a-Briefcase Overseas Mortgage Allows account opening & instant fulfillment for ASB, Financing Tele-fulfillment for PF Loan & card approval at CIMB@Work customers an off-site location (Cards and Personal Loans) Cards Gold Campaign 26
Slide 27: Singapore Consumer Banking Indicators
Singapore Consumer Banking Indicators Consumer PBT 2.5 Consumer Deposits RM ‘mil 2 RM ‘mil +38.3% Y-o-Y 1.5 -ve% Y-o-Y +13.3% Q-o-Q 1 10,833 9,557 +ve Q-o-Q 0.5 2,570 7,834 1,789 (1) (6) (2) 0 1,113 1Q12 4Q12 1Q13 1 7,768 8,263 6,721 Mar-12 Dec-12 Mar-13 Commercial deposits Retail Deposits Retail Lo
Slide 28: CIMB Niaga
CIMB Group : 1Q13 Results CIMB Niaga
Slide 29: CIMB Niaga: Moderate Growth
CIMB Niaga : Moderate Growth PBT Gross Loans IDR ‘bil IDR ‘tril +13.1% Y-o-Y +11.9% Y-o-Y -6.5% Q-o-Q +1.1% Q-o-Q 1,532 145.4 147.1 1,433 129.8 1,280 1Q13 4Q12 1Q13 Mar-12 Dec-12 Mar-13 Total Deposits NIM Weighed Down due to Lower LDR IDR ‘tril +25.6% Y-o-Y LDR 96.5 95.0 +10.8% Q-o-Q 86.7 167.3 151.
Slide 30: CIMB Niaga: Consumer Banking Indicators
CIMB Niaga : Consumer Banking Indicators Mortgages – Loan Base Auto – Loan Base IDR ‘tril IDR ‘tril +12.2% Y-o-Y +1.9% Q-o-Q +14.0% Y-o-Y 21.5 21.0 +3.0% Q-o-Q 19.2 18.0 17.5 15.8 Mar-12 Dec-12 Mar-13 Mar-12 Dec-12 Mar-13 Mikro Finance Go Mobile 275 314 350 71 350 +365.0% Y-o-Y 246 +55.8% Y-o-Y +19.
Slide 31: CIMB Niaga: Earnings Summary
CIMB Niaga : Earnings Summary (IDR ’bil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 2,430 2,205 10.2% 2,541 (4.4%) Non interest income 837 968 (13.5%) 741 13.1% Operating income 3,267 3,173 3.0% 3,282 (0.4%) Overhead expenses (1,548) (1,468) 5.5% (1,437) 7.8% PPOP 1,719 1,705 0.8% 1,845 (6.8%) P
Slide 32: CIMB Niaga: Gross Loans Growth
CIMB Niaga : Gross Loans Growth Divisions / Products (IDR ’bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Retail Financial Services (30.7%) 45,090 39,567 14.0% 44,102 2.2% Mortgage 21,523 19,180 12.2% 21,023 2.4% Auto 17,998 15,791 14.0% 17,478 3.0% Credit Cards 3,511 2,880 21.9% 3,638 (3.5%) Others
Slide 33: CIMB Niaga: Deposits Growth
CIMB Niaga : Deposits Growth Divisions / Products (IDR ’bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Retail Financial Services (42.2%) 70,694 63,743 10.9% 67,621 4.5% Current 1,650 1,522 8.5% 1,451 13.8% Savings 33,052 30,811 7.3% 32,126 2.9% Fixed & structured deposits 35,991 31,410 14.6% 34,044
Slide 34: CIMB Niaga: Key Ratios
CIMB Niaga : Key Ratios (Consolidated, %) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q ROE 18.3 20.0 20.6 NIM 5.14 5.67 5.78 Cost to Income 47.4 46.3 43.8 Loan Loss Coverage # 108.8 106.9 114.2 Allowance Coverage 91.4 82.9 96.4 Loan Loss Charge 0.8 1.3 0.8 Gross Impaired Loans Ratio 2.8 3.4 2.7 Gross NPL (BI Definiti
Slide 35: CIMB Niaga: Corporate Updates
CIMB Niaga : Corporate Updates Consumer Market Share IB Market Share Feb-13 Mar-12 1Q13 1Q12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Deposits 5.2% 5 4.8% 5 Stock Broking 6.4% 2 5.2% 3 Mortgages 9.5% 5 9.6% 4 IPO - - - - Credit Cards* 10.4% 4 8.8% 5 ECM 25.1% 1 - - M&A
Slide 36: CIMB Niaga: New Offerings
CIMB Niaga : New Offerings Rekening Ponsel +170.6% M-o-M Transfer money to all mobile numbers in 14.4 Indonesia (FOC) and withdraw cash at any CIMB Niaga ATM using just mobile phone 5.3 No bank account needed +298.8% M-o-M 5,922 No ATM card needed for cash withdrawal Works for all mobile numbe
Slide 37: CIMB Thai
CIMB Group : 1Q13 Results CIMB Thai
Slide 38: CIMB Thai: Improving
CIMB Thai : Improving PBT Asset Quality THB ‘mil +7.3% Y-o-Y 85.1% 86.1% 71.1% +83.1% Q-o-Q 353 379 207 3.9% 2.8% 2.6% 1Q12 4Q12 1Q13 Mar-12 Dec-12 Mar-13 Loan Loss Coverage* Gross NPL* Total Customer Deposits Total Loans THB ‘bil THB ‘bil +24.0% Y-o-Y +21.7% Y-o-Y +0.5% Q-o-Q 135.1 135.8 +3.1% Q-o-
Slide 39: CIMB Thai: Earnings Summary
CIMB Thai : Earnings Summary Before GAAP Adjustments (THB ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 1,460 1,215 20.1% 1,438 1.5% Non interest income 514 430 19.3% 450 14.1% Operating income 1,974 1,646 19.9% 1,888 4.5% Overhead expenses (1,382) (1,181) 17.0% (1,354) 2.0% PPOP 592 465 27.3
Slide 40: CIMB Thai: Gross Loans Growth
CIMB Thai : Gross Loans Growth Divisions / Products (THB ‘bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Retail Financial Services (36.8%) 52.8 41.2 28.2% 48.4 9.0% Mortgage 33.2 25.2 31.5% 30.5 8.9% Auto Loans 13.0 9.7 33.4% 11.8 9.4% Personal / Others 6.6 6.2 6.7% 6.1 9.0% Commercial Banking (26.1
Slide 41: CIMB Thai: Deposits Growth
CIMB Thai : Deposits Growth Divisions / Products (THB ‘bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Retail Financial Services (58.5%) 84.0 73.1 14.9% 74.8 12.3% Current 0.8 0.8 - 0.7 7.6% Savings 27.2 13.9 95.4% 25.3 7.3% Fixed & structured deposits 56.1 58.4 (4.1%) 48.8 15.0% Commercial Banking (
Slide 42: CIMB Thai: Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q ROE 6.2 8.4 3.2 NIM 3.19 3.23 3.26 Cost to Income 70.0 71.7 71.7 Loan Loss Coverage** 86.1 71.1 85.1 Loan Loss Charge 0.6 0.5 0.9 Gross NPL ratio** 2.6 3.9 2.8 Net NPL ratio** 1.8 2.4 2.0 Loan to Deposit + BE 99.7 88.0 95.0 CAR* 15.
Slide 43: CIMB Thai: Corporate Updates
CIMB Thai : Corporate Updates Consumer Market Share IB Market Share Mar-13 Mar-12 1Q13 1Q12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Deposits* 1.5% 11 1.4% 9 Stock Broking 4.1% 9 2.8% 16 Mortgages** 1.9% 9 0.9% 11 IPO - - 14.9% 5 Auto** 0.8% 8 0.9% 17 ECM - - 10.7% 6 S
Slide 44: CIMB Thai: New Products / Campaigns
CIMB Thai : New Products / Campaigns Awards Excellent Energy Activities and Lending Grand opening of KidZania Bangkok CIMB Thai Air Asia Savers Account Money Gram Campaign THB Credit Derivatives Sales THB Interest Rate and Market Coverage CIMB Clicks Campaign Credit Credit Sales Interest
Slide 45: Wholesale Banking
CIMB Group : 1Q13 Results Wholesale Banking
Slide 46: Wholesale Banking
Wholesale Banking (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 715 665 7.6% 728 (1.7%) Non interest income 563 623 (9.7%) 534 5.2% Operating income 1,278 1,288 (0.8%) 1,262 1.2% Overhead expenses (545) (530) 3.1% (532) (3.0%) PPOP 733 758 (3.4%) 730 0.1% Provisions 1 (91) n.a. (76) n.a.
Slide 47: Wholesale Banking – Investment Banking
Wholesale Banking – Investment Banking (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 17 11 64.9% 15 13.9% Non interest income 249 196 26.5% 299 (17.0%) Operating income 266 207 28.4% 314 (15.5%) Overhead expenses (203) (184) 10.3% (183) 9.8% PPOP 63 23 170.1% 131 (51.3%) Provisions (3) (9
Slide 48: Wholesale Banking – Corporate Banking
Wholesale Banking – Corporate Banking (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 399 385 3.6% 395 1.0% Non interest income 174 129 35.1% 161 7.7% Operating income 573 514 11.4% 556 2.9% Overhead expenses (191) (167) 14.0% (186) 2.1% PPOP 382 347 10.2% 370 3.3% Provisions 5 (83) n.a. (8
Slide 49: Corporate Banking – Gross Loans
Corporate Banking – Gross Loans Divisions / Products 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Malaysia (RM ’bil) 41.8 37.2 12.4% 40.6 3.2% Indonesia (IDR ’bil) 42,370 41,335 2.5% 43,523 (2.6%) Singapore (SGD ’bil) 3.0 2.8 8.2% 3.0 - Thailand (THB ’bil) 50.0 44.4 12.6% 51.6 (3.0%) Total Corporate Lo
Slide 50: Corporate Banking – Total Deposits
Corporate Banking – Total Deposits Divisions / Products 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Malaysia (RM ’bil) 90.1 82.0 10.0% 81.5 10.7% Indonesia (IDR ’bil) 43,517 25,216 72.6% 31,359 38.8% Singapore (SGD ’bil) 2.3 2.3 - 2.7 (12.7%) Thailand (THB ’bil) 41.4 28.6 44.9% 50.7 (18.2%) Total Corp
Slide 51: Wholesale Banking – Treasury & Markets
Wholesale Banking – Treasury & Markets (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 299 270 11.2% 318 (5.8%) Non interest income 139 297 (52.9%) 74 90.0% Operating income 438 567 (22.5%) 392 12.2% Overhead expenses (152) (178) (14.5%) (162) (6.3%) PPOP 286 389 (26.1%) 230 25.2% Provision
Slide 52: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) 1Q13 1Q12 1Q13 1Q12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Stock Broking 11.3% 1 11.7% 1 Stock Broking 6.4% 2 5.2% 3 IPO 14.6% 2 - - IPO - - - - ECM 13.2% 2 17.1% 3 ECM 25.1% 1 - - M&A 19.2% 3 10.1% 5 M&A 15.7% 1 2.3% 6 Syndication ^ -
Slide 53: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) 1Q13 1Q12 1Q13 1Q12 ASEAN Market Market Global Market Market Rank Rank Rank Rank Share Share Share Share IPO 1.0% 16 12.1% 5 Sukuk 5.4% 6 6.2% 4 ECM 6.1% 7 7.3% 3 M&A 6.3% 6 5.2% 10 Syndication ^ 0.1% 55 1.8% 14 DCM Domestic 9.9% 2 6.4% 7 1Q13 1Q12 Market Market Rank
Slide 54: Notable Deals
Notable Deals DCM IPO/ECM Tune Ins Holdings Berhad AIA Group Limited RM284.0 million IPO on the Main Market of Bursa USD500.0 mil Medium Term Notes Malaysia PT Bank Tabungan Negara (Persero) Tbk Termbray Petro-King Oilfield Services Limited IDR2.0 tril Senior Debt 2nd phase via Shelf HKD820 mil IPO
Slide 55: Group Asset Management
Group Asset Management PBT (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q CIMB-P Group 15.8 16.8 (5.8%) 12.9 22.7% Wholesale 4.2 2.2 88.0% 3.0 43.2% Total 20.0 19.0 5.3% 15.9 26.5% Asset Under Management as at 31 Mar 13 Wholesale AUM as at 31 Mar 13 RM ‘mil CIMB +25.4% Y-o-Y Mapletree CapAsia RM480 mil 44,057
Slide 56: Investments
CIMB Group : 1Q13 Results Investments
Slide 57: Investments
Investments (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q Net interest income 131 117 11.9% 131 - Non interest income 725 144 405.4% 149 388.0% Total income 856 261 228.4% 280 206.3% Overhead expenses (448) (97) 362.8% (200) 125.0% PPOP 408 164 149.0% 80 407.5% Provisions - - - (15) n.a. Share of JV / associ
Slide 58: Strategic Investments
Strategic Investments RM ’mil 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q PAT to CIMB Group 16.7 24.5 (32.0%) 21.4 (19.0%) Lower growth due to margin squeeze and slightly higher provisions Setting up 2 new regional branches in Liaoning to a total of 7 regional branches 19.99% RM ’mil 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q PAT t
Slide 59: Other Highlights
CIMB Group : 1Q13 Results Other Highlights
Slide 60: Insurance
Insurance PBT (RM ’mil) 1Q13 1Q12 Y-o-Y 4Q12 Q-o-Q CIMB Aviva^ - 9.6 n.a. 2.8 n.a. CIMB Sun Life (3.9) (3.5) (10.3%) (5.0) 22.8% Others* 0.3 (0.1) n.a. (0.5) n.a. Total CIG & GID (3.6) 6.0 n.a. (2.7) (33.3%) Y-o-Y 1Q13 Banca Income Growth Malaysia +26.8% Indonesia +43.2% Thailand +66.1% Singapore +7
Slide 61: CIMB Islamic
CIMB Islamic Ranking of Total Islamic Assets as at 31 Dec 2012 1Q13 1Q12 Sukuk Total Assets Market Market Market Rank Company Rank Rank RM ’mil Share Share Share 1 MIBB 92,500 24% Malaysia 20.2% 2 20.6% 2 2 CIMB Islamic 51,225 13% Sukuk 5.4% 6 6.2% 4 3 Bank Islam 37,451 10% 4 AmIslamic 29,592 8% 5 P
Slide 62: CIMB Singapore
CIMB Singapore PBT 1Q13 1Q12 RM ‘mil Market Market Rank Rank Share Share -24.8% Y-o-Y Stock Broking 9.4% 2 10.3% 1 52 IPO - - - - +39.1% Q-o-Q 39 ECM - - 0.3% 11 28 18 M&A <0.1% 16 4.9% 3 1 (10) Syndication ^ - - - - 1Q12 4Q12 1Q13 DCM - - 5.8% 6 Bank Securities Corporate Loan Base Corporate Deposit
Slide 63: Stronger IB Platform with RBS
Stronger IB Platform with RBS Institutional Brokerage Income (Ex-ECM) ECM RM ‘mil Countries Client Type Size +67.3% Y-o-Y +15.0% Y-o-Y Matahari USD 1.5 ECM 77 Department Store bil 67 62 Termbray Petro- HKD 820 46 45 King Oilfield IPO mil Services Limited Asia Pay Television SGD 1.3 IPO Trust (2Q) bi
Slide 64: 2013 Priorities and Other Highlights
CIMB Group : 1Q13 Results 2013 Priorities and Other Highlights
Slide 65: Key 2013 Priorities Round-up
Key 2013 Priorities Round-up Updates Intangibles write-off done Restructuring charge done Cost Management Deconsolidation of non-core assets WIP Spend management Capital Management DRS take-up rate 84.4% RWA optimisation plans Focus on getting revenue uplift from our new Asia Pac produ
Slide 66: Achievements vs Targets for 2013
Achievements vs Targets for 2013 1Q13 Y-o-Y FY13 ROE 19% 16% TSR +0.6%>FBMKLCI > FBMKLCI Dividend - 40% Total Credit Growth* 14% 15% Loan loss charge 0.15 < 0.4 Total Capital (CIMB Group) 14.1% > 11% CET 1 (CIMB Group) 8.2% > 8% Leverage (CIMB Group) 18.4x < 20x 66 Note: * Credit includes gross loan
Slide 67: Final Remarks
CIMB Group : 1Q13 Results Final Remarks
Slide 68: Outlook
Outlook Post GE13, “back to business” in Malaysia Good deal pipeline, completion of RBS platform in 2Q Continue CIMB 2.0 initiatives Continue with cost and capital management initiatives Earnings improvement from regional consumer bank growth Higher contribution from CIMB Niaga Macro economic concer
Slide 69: Thank You
THANK YOU 69
Slide 70: Appendices
Appendices bal CIMB GROUP
Slide 71: Contribution by Entity
Contribution by Entity 1Q13 1Q12 4Q12 Legal Entity RM ’mil % of PBT RM ’mil % of PBT RM ’mil % of PBT CIMB Bank 593 35% 811 60% 708 52% CIMB Niaga 456 27% 431 32% 488 36% CIMB Islamic 105 6% 127 9% 162 12% CIMB Labuan 18 1% 11 1% 18 1% CIMB Investment Bank 19 1% 4 0% 36 3% CIMB Thai 38 2% 10 1% 17 1
Slide 72: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes 31 Mar 12 (RM ‘mil) 31 Mar 13 Y-o-Y 31 Dec 12 Q-o-Q (Restated) Cash & short term funds 36,065 30,563 18% 30,763 17% Securities purchased under resale agreements 11,082 4,443 149% 5,594 98% Deposits & placements with financial institutions 9,617 7,279 32% 4,990 93%
Slide 73: CIMB Niaga: Balance Sheet Changes
CIMB Niaga : Balance Sheet Changes (IDR ’bil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Placements & Other MS 52,316 24,561 113.0% 34,077 53.5% Government Bonds 6,505 7,082 (8.1%) 8,084 (19.5%) Loans (Net) 143,250 126,364 13.4% 141,645 1.1% Other Assets 15,393 14,673 4.9% 13,606 13.1% Total Assets 2
Slide 74: CIMB Thai: Balance Sheet Changes
CIMB Thai : Balance Sheet Changes Before GAAP Adjustments (THB ’mil) 31 Mar 13 31 Mar 12 Y-o-Y 31 Dec 12 Q-o-Q Placements & Other MS 16,216 14,644 10.7% 15,177 6.8 Government Bonds (Net) 34,612 29,518 17.3% 35,428 (2.3%) Loans (Net) 140,267 114,730 22.3% 135,804 3.3% Other Assets 17,315 13,209 31.1%
Slide 75: Capital Management – All Banking Entities
Capital Management – All Banking Entities Basel III Common Equity Tier Mar-131 Tier 1 Total Capital Ratio 1 Ratio CIMB Bank 2 10.4% 12.1% 13.4% CIMB Investment Bank 19.8% 19.8% 19.8% CIMB Islamic 8.3% 8.6% 12.2% CIMB Bank Group 2 8.6% 10.2% 13.3% CIMB Investment Bank Group 19.4% 19.4% 19.4% CIMB Nia
CIMB Group Holdings Berhad — Q1 2013 Earnings Presentation on 6ix