16 slides from Security Bank Corp. (philippines)'s earnings presentation, Aug 17, 2022
Slide 1: H1-2022 and Q2-2022 Results Highlights
H1-2022 and Q2-2022 Results Highlights By: Sanjiv Vohra, President & CEO August 17, 2022
Slide 2: Historical Financials
Historical Financials Revenue Mix Return on Shareholders’ Equity (ROE) 16.3% 15.2% 13% 27% 11.0% 10.5% 10.1% 10.4% 10.7% 10.0% 10.0% 9.7% 16% 22% 9.4% 9.4% 9.1% 8.8% 5% 3% 8.1% 13% 17% 6.6% 6.2% 15% 9% 1% 5.6% 12% 20% 8% 61% 25% 21% 12% 79% 75% 77% 81% 68% 76% 75% 67% '14 '15 '16 '17 '18 '19 '20 '21
Slide 3: Total Revenues and Net Income
Total Revenues and Net Income Total Revenues Total Revenues (excluding Trading Gains) ₱19.2 Billion ₱19.3 Billion +5% 19.2 19.3 18.3 17.2 +12% +₱0.9 B +₱2.1 B H1-2021 H1-2022 H1-2021 H1-2022 Profit Before Tax Net Income ₱8.1 Billion ₱6.2 Billion +45% 8.1 +100% 6.2 5.5 +2.5 B +₱3.1 B 3.1 H1-2021 H1-2
Slide 4: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin Net Interest Income Net Interest Margin ₱14.4 Billion 4.30% 14.4 13.6 +6% -6 bps +₱0.9 B 4.36% 4.30% H1-2021 H1-2022 H1-2021 H1-2022 4 Note: Numbers may not sum up due to rounding
Slide 5: Non-Interest Income
Non-Interest Income Total Non-Interest Income ₱4.8 Billion 4.8 4.8 +0.3% +₱0.02 B 2.1 2.6 1.1 2.2 1.5 (0.1) H1-2021 H1-2022 Service Charges, Fees & Commissions Non-Interest Income - Others ₱2.6 Billion 2.6 ₱2.2 Billion +22% 2.1 +47% +₱0.5 B 2.2 +₱0.7 B 1.5 H1-2021 H1-2022 Q1-2021 Q1-2022 5 Note: Num
Slide 6: Cost-to-Income Ratio and Operating Expense
Cost-to-Income Ratio and Operating Expense Cost-to-Income Ratio Operating Expense* 55.9% ₱10.7 Billion 56.4% 55.9% +4% 10.7 10.3 +₱0.4 B YoY growth +9% 3.4 3.8 Compensation and fringe benefits -18 Taxes and licenses H1-2021 H1-2022 1.8 1.4 +1% 1.3 Depreciation and amortization Manpower Headcount** 1
Slide 7: Total Loans and Total Deposits
Total Loans and Total Deposits Total Loans* Total Deposits ₱490 Billion ₱569 Billion +15% +9% 569 522 YoY YoY 490 425 +₱65 B +₱47 B +6% 111 23% 286 +18% 338 59% 104 25% 55% +18% 380 77% 321 75% 236 45% -2% 232 41% Jun. 30, 2021 Jun. 30, 2022 Jun. 30, 2021 Jun. 30, 2022 *Loans (net of allowance); Gro
Slide 8: Asset Quality
Asset Quality Gross NPL Ratio and NPL Reserve Cover Allowance over Total Loans 3.24% 93% 92% 90% 3.90% 3.49% 3.24% 3.94% 3.65% 3.28% Dec. 31, 2021 Mar. 31, 2022 Jun. 30, 2022 Dec. 31, 2021 Mar. 31, 2022 Jun. 30, 2022 8
Slide 9: Provisions for Credit Losses
Provisions for Credit Losses Provisions for Credit Losses Provisions per Segment ₱0.4 Billion In Php millions H1-2021 H1-2022 Retail 420 (76) -83% Wholesale 2,810 (713) 2.4 -₱2.0 B Financial Markets (4) 3 Others (785) 1,194 Total 2,441 408 In Php millions Q1-2022 Q2-2022 0.4 Retail 300 (376) Wholesa
Slide 10: Balance Sheet and Key Financial Ratios
Balance Sheet and Key Financial Ratios Total Assets Total Liabilities ₱766 Billion 766 ₱641 Billion 704 641 580 64% 53% 60% 49% 17% 22% 41% 36% 22% 14% 2% 2% 5% 5% 4% 3% Jun. 30, 2021 Jun. 30, 2022 Jun. 30, 2021 Jun. 30, 2022 ROE and ROA CET 1 and Total CAR Return on Shareholders’ Equity (ROE) 10.03
Slide 11: Quarterly Financial Highlights
Quarterly Financial Highlights Net Interest Income Net Interest Margin ₱7.5 Billion 4.36% 6.9 6.9 7.0 7.0 7.5 4.29% 4.32% 4.37% 4.33% 4.36% Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Low-Cost Deposits ₱338 Billion +5% +6% +3% +4% 326 338 300 317 286 Q2-2021 Q3-20
Slide 12: Quarterly Financial Highlights
Quarterly Financial Highlights Total Loans* Total Deposits ₱490 Billion ₱569 Billion +7% QoQ 569 +5% 530 +₱39 B QoQ 490 465 +₱25 B 107 23% +4% 111 23% +4% 338 59% 326 61% 358 77% +6% 380 77% +13% 205 39% 232 41% Mar. 31, 2022 Jun. 30, 2022 Mar. 31, 2022 Jun. 30, 2022 *Loans (net of allowance); Gross
Slide 13: Quarterly Financial Highlights
Quarterly Financial Highlights Non-Interest Income Service Charges, Fees & Commissions ₱2.5 Billion ₱1.3 Billion 2.6 2.5 2.4 2.3 2.2 1.3 1.3 1.3 1.1 1.1 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 13
Slide 14: Quarterly Financial Highlights
Quarterly Financial Highlights Operating Expenses Provisions ₱5.3 Billion ₱0.3 Billion 5.3 5.4 5.5 5.5 5.3 2.0 1.6 1.2 0.3 0.1 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Pre-Provision Operating Profit Net Income ₱4.74.3 Billion 4.7 ₱3.5 Billion 3.7 3.8 3.8 3.5 2.
Slide 15: Summary
Summary 1. Total Loans Up +15% YoY, +5% QoQ. • Wholesale Loans Up +18% YoY, +6% QoQ, Retail Loans Up +6% YoY, +4% QoQ. 2. Quarterly Net Interest Margin: Up +3 bps QoQ, Up +7 bps YoY. 3. Non-Interest Income: Driven by Higher Service Charges, Fees and Commissions, Foreign Exchange Gains and Recovery o
Slide 16: H1-2022 and Q2-2022 Results Highlights
H1-2022 and Q2-2022 Results Highlights By: Sanjiv Vohra, President & CEO August 17, 2022