Far Eastern International Bank · TWSE:2845
Far Eastern International Bank — FY2022 Earnings Presentation
23 slides from Far Eastern International Bank's earnings presentation, Mar 10, 2023
Slide 1: Investor Conference FY2022
Investor Conference FY2022 3/10’2023
Slide 2: Far Eastern Group
Far Eastern Group Established in 1937 Span over 10 major industries 9 public listed companies in Taiwan and HK Total Asset of NT$3,133 Bn. (4Q’22) Petrochemical & energy Polyester & synthetic fiber Cement & building material Retail & department store Financial services – 11 companies in oper
Slide 3: Contents
Contents 2023 2022Financial FinancialHighlights Highlights 2023 2023Financial Highlights Key Strategies 3
Slide 4: Assets & Net worth
Assets & Net worth Assets Net Worth (NT$Bn) (NT$Bn) YoY YoY YoY 2.4% YoY +10.6% +6.3% +2.0% 723 741 55 680 33 36 44 49 50 36 51 0 40 1 16 225 13 14 228 221 41 438 35 36 383 407 -2 YE'2020 YE''2021 YE’2021 YE'2022 YE'2020 YE''2021 YE’2021 YE'2022 Loan Investment Cash & Deposit AR & Others
Slide 5: Loans & Deposit
Loans & Deposit Gross Loan Deposit (NT$Bn) (NT$Bn) YoY YoY YoY YoY +7.6% +5.2% -0.8% +6.2% 444 612 607 413 582 389 74 79 78 96 93 56 67 55 93 146 202 206 221 144 138 54 50 50 60 37 45 250 260 254 70 81 88 YE'2020 YE'2021 YE'2022 YE'2020 YE'2021 YE'2022 Local Corp Local SME Overseas Corp.
Slide 6: Liquidity
Liquidity Demand Deposit ratio Gross loan-to-deposit ratio 35.44% 37.02% 33.12% 72.96% 73.12% 71.44% 70.18% YE'2020 YE'2021 YE'2022 67.49% Liquidity coverage ratio 66.81% 142.42% 142.22% 112.03% YE'2020 YE'2021 YE'2022 By balance By average balance YE'2020 YE'2021 YE'2022 6 Source: Consoli
Slide 7: Asset Quality
Asset Quality NPL Ratio NPL Coverage Ratio Loan Coverage Ratio 907% 1.46% 0.51% 773% 0.36% 621% 1.39% 0.27% 1.35% 286% 496% 1.37% 1.36% 0.22% 392% 0.18% 0.15% 1.32% Dec'20 Dec'21 Dec'22 Dec'20 Dec'21 Dec'22 Dec'20 Dec'21 Dec'22 Industry FEIB 7 Source: FSC report Industry: 38 Commercial Ban
Slide 8: Revenue & Profit before provision
Revenue & Profit before provision Revenue PPOP (NT$Bn) (NT$Bn) YoY YoY YoY +8.8% +15.0% -3.8% YoY 11.2 11.7 -5.4% 10.8 4.7 0.4 4.4 0.4 0.1 +57.7% 4.1 1.3 1.1 1.8 2.5 (20.1%) 3.5 3.2 6.4 7.0 6.0 2020 2021 2022 2020 2021 2022 NII Fee Trading Other 8 Source: :Consolidated number
Slide 9: Interest Margin & Fee Income
Interest Margin & Fee Income Interest Margin Fee Income (NT$Bn) 1.39% 1.41% L-D Spread 1.36% YoY -10.1% YoY 1.04% 1.04% 3.5 -20.1% NIS 1.01% 3.2 0.9 2.5 0.7 0.7 +6.6% 1.10% 1.16% 1.06% Loan Yield* 2.6 2.5 (27.1%) 1.02% 1.02% 1.8 NIM 1.01% 2020 2021 2022 2020 2021 2022 Retail Banking Corp. Ba
Slide 10: Provision & Income before tax
Provision & Income before tax Provision Cost IBT (NT$Bn) (NT$Bn) YoY YoY +26.9% YoY YoY +14.4% -44.5% -33.1% 4.2 3.3 2.9 Net 1.5 1.9 Net Net 0.8 0.5 1.2 1.0 0.4 0.4 0.5 2020 2021 2022 2020 2021 2022 Gross Provision cost Recovery Net Provision Cost 10 Source: :Consolidated number
Slide 11: Net Profitability
Net Profitability ROA (before tax) ROE (before tax) 0.64% 9.24% 0.59% 0.59% 8.08% 7.75% 0.57% 8.01% 0.47% 6.71% 0.43% 6.02% 2020 2021 2022 2020 2021 2022 Industry FEIB * Annualized Source: Management Report / FSC report 11 Industry: 38 Commercial Banks (excluding EX-IM Bk)
Slide 12: Capital Adequacy
Capital Adequacy CET1 (unconsolidated) BIS (unconsolidated) (NT$Bn) 20% 500 14.90% 14.10% 13.95% 400 15% 300 10% 10.87% 11.63% 11.03% 200 11.49% 11.30% 12.27% 5% 100 0% 0 YE'2020 YE'2021 YE'2022 YE'2020 YE'2021 YE'2022 CET1 Risk Asset Common Equity Tier1 Tier 2 12 Source: Management re
Slide 13: Dividends
Dividends EPS & Dividend Cash dividend yield (NT$/Share) = Cash dividend / Avg. stock price of the year of earnings $0.84 $1.00 (EPS) $0.72 4.04% 3.61% 3.00% 0.16 0.19 0.00 0.43 0.41 0.33 2020 2021 2022 2020 2021 2022 Cash Stock Reserved Earning Source: Management Report / Consolidated num
Slide 14: Contents
Contents 2023 2022Financial FinancialHighlights Highlights 2023 2023Financial Highlights Key Strategies 14
Slide 15: Niche Banking
Niche Banking Niche Business High Margin Business Lead bank of int’l Offshore lending syndication loans Revolving personal loan & Credit derivatives mortgage investment WM investment - PI/HNW Digital banking – customers Bankee acc. Credit cards - high B2B consumer loans spending 15
Slide 16: Steady Growth in 2023
Steady Growth in 2023 Assets Gross Loan (NT$Bn) (NT$Bn) YOY YOY +7% +6% 477 444 413 2021 2022 2023 * Deposit (NT$Bn) 784 YOY 741 +6% 723 643 612 607 2021 2022 2023 * 16 *2023 Budget 2021 2022 2023 *
Slide 17: Digital Innovation
Digital Innovation Physical Virtual Retail’s all-in-one Micro-business online application Personal loans FEIB APP 2.0 Data sharing Robotic fund BAAP/BAAS investment Metaverse branch Metaverse branch experience concept Off - counter % Digital customer APP % Bankee (As at Dec.’22) ac
Slide 18: Going Overseas
Going Overseas HK branch & Shanghai sub.: for Greater China coverage Vietnam & Singapore rep. Shanghai office: for South Asia coverage Hongkong Strengthen business breadth & depth Singapore Vietnam Expand for full functions Overseas assets/ Overseas revenue/ Total assets Total revenue 14% 15
Slide 19: ESG Mission
ESG Mission Social Supporting community Amiable finance environment Equal working place Environmental Green finance TCFD Carbon disclosure Board diversity/ project (CDP) supervision 100% green Corp. sustainability energy branch committee Stakeholders interest Governance protectio
Slide 20: Contents Appendix
Contents 2023Appendix Financial Highlights 20
Slide 21: Key Financials
Key Financials (NT$ m, except percentages and per share data) (Consolidated) As of or for 12 months ended December 31 2020 2021 2022 YoY Key balance sheet items Gross loans 388,857 412,872 444,082 7.6% Total assets 680,291 723,055 740,540 2.4% Deposits and remittances 582,153 612,107 607,424 -0.8% T
Slide 22: Thank You
& PEC LiLes i Far Eastern Int'l Bank THANK YOU
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by Far Eastern International Bank (the “Company”). This presentation and the materials provided herewith do not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in any jurisdiction or an in
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