United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2022 Earnings Presentation
8 slides from United Overseas Bank's earnings presentation, February 2023
Slide 1: Record Profit Supported By Growth in Core Franchise
Record Profit Supported By Growth in Core Franchise CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the Financial Year/Fourth Quarter Ended 31 December 2022 Private and Confidential
Slide 2: Well-timed transformational Citigroup deal, generating higher risk-weighted returns
Well-timed transformational Citigroup deal, generating higher risk-weighted returns Good strategic fit Thailand and Malaysia Diversified earnings at the right time Completed on 1 November 2022 across products and countries Quality franchise that Enlarged customer base of Higher cross-selling acceler
Slide 3: Robust performance on rising margins and benign asset quality
Robust performance on rising margins and benign asset quality Record FY22 core Resilient Robust net profit1 asset quality balance sheet S$4.8 billion Total credit costs Common Equity Tier 1 +18% year on year 20 basis points 13.3% Net interest margin Non-performing loan ratio Liquidity coverage ratio
Slide 4: Group Retail Banking: Balanced business model with diversified revenue drivers
Group Retail Banking: Balanced business model with diversified revenue drivers Stable core business Customer acquisition Deposits base Wealth management Grew strongly AUM S$154 billion Organic acquisition of + 11% year on year >800,000 new-to-bank customers, of which more than half via digital means
Slide 5: Group Wholesale Banking: Resilient performance supported by margin expansion
Group Wholesale Banking: Resilient performance supported by margin expansion Investing to be the Number 1 cross-border trade bank in ASEAN Leveraging our regional footprint, local expertise and sector-specific capabilities Cross-border Transaction banking Superior regional cash revenue business mana
Slide 6: Championing sustainability with ecosystem partners
Championing sustainability with ecosystem partners Ensuring just and orderly transition Work closely with our Sustainability Impact Awards customers to assist them with their Co-organised with The Business Times, transition journeys, balancing to celebrate companies and individuals growth with respo
Slide 7: Confident of ASEAN's long-term potential
Confident of ASEAN’s long-term potential 2023 Outlook • Mid single-digit loan growth • Margin stays around 2.2% • Double-digit fees growth, on back of low base • Cost-to-income ratio at 43% to 44% • Credit costs at 20 to 25 basis points 7
Slide 8: Right By You
@ Right By You