Malayan Banking Bhd. · MYX:MAYBANK
Malayan Banking Bhd — FY2014 Earnings Presentation
74 slides from Malayan Banking Bhd's earnings presentation, Feb 26, 2015
Slide 1: Investor Presentation: Financial Results 4Q & FY2014
Humanising Financial Services Investor Presentation Financial Results 4Q & Full Year FY2014 ended 31 December 2014 26 February 2015 www.maybank.com 0
Slide 2: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 3: Overview
Overview Despite a challenging 2014, Maybank stayed focused on its regional strategy and growth of business pillars Income increased YoY for all business pillars, including stable income 1 performance in Global Markets and Investment Banking segments Higher fee-based income recorded across most busi
Slide 4: FY2014 Headline Key Performance Indicators
FY2014 Headline Key Performance Indicators Maybank ROE at 13.8%, supported by a stronger performance in the second half of 2014 FY2014 FY2014 Industry Key Performance Indicators 1H FY2014¹ 2H FY2014¹ Guidance Achievement Average Headline KPI Return on Equity 13-14%* 13.5% 14.6% 13.8% - Other targets
Slide 5: Maybank's Regional Strategy (1/7)
Maybank’s Regional Strategy (1/7) Regionalisation of business pillars are driving higher income contribution from international operations Group Community Group Global Group Investment Group Insurance Segment Business Financial Services Banking Banking¹ and Takaful Islamic Finance • leverage model u
Slide 6: Maybank's Regional Strategy (2/7)
Maybank’s Regional Strategy (2/7) We continue to show traction in ASEAN and Greater China, with double digit loans and deposits growth in most markets Gross Loans FY2012 FY2013 YoY FY2014 YoY Malaysia 199.8 223.6 11.9% 243.6 9.0% Singapore 27.3 31.0 13.6% 35.1 13.3% Indonesia 81.1 103.7 27.9% 109.3
Slide 7: Maybank's Regional Strategy (3/7)
Maybank’s Regional Strategy (3/7) Regional CFS on course with the execution of its strategy in Malaysia and ASEAN Regional CFS an Engine of Growth for Maybank Group Increasing Contribution from High Net Worth and Affluent Segments for CFS Malaysia Regional CFS total income grew by 4.4% YoY, as net
Slide 8: Maybank's Regional Strategy (4/7)
Maybank’s Regional Strategy (4/7) Global Banking has strengthened its regional play through its multiple product and service offerings for corporate clients 1 2 3 Established Regional Improved Coverage Model Regionalised Business Models Centres of Excellence for Key Across the Region and Platforms B
Slide 9: Maybank's Regional Strategy (5/7)
Maybank’s Regional Strategy (5/7) Maybank Kim Eng maintains its leadership in ASEAN, despite market challenges in 2014 Equity Capital Markets (USD'Mil)1 MKE Income and PBT (FY2011 – FY2014) MKE secured the highest ASEAN ECM deal volume MKE’s PBT continues to grow since FY2011, increasing its contrib
Slide 10: Maybank's Regional Strategy (6/7)
Maybank’s Regional Strategy (6/7) Group Insurance & Takaful, a diversified insurance player with a sizable bancassurance model General Insurance and Takaful Market Share By Line of Business By Channel No. 1 in General Insurance and Takaful Life & Family accounts for 48.6% of Agency and bancassurance
Slide 11: Maybank's Regional Strategy (7/7)
Maybank’s Regional Strategy (7/7) Maybank Islamic, the third largest Islamic bank globally Global Position by Asset Size Maybank Islamic Income Maybank Islamic ranks third globally with an asset size of Maybank Islamic’s total income and PBT have risen from FY2010 USD38.7 billion to FY2014 Maybank I
Slide 12: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 13: Results Overview (1/2)
Results Overview (1/2) Full year net profit of RM6.72 billion performing slightly above consensus despite a slower first half Higher full year net Net profit grew by 2.5% YoY: profit of RM6.72 • As net fund based income rose 5.9%, supported by a 13.4% growth in loans billion • Lower impairment los
Slide 14: Results Overview (2/2)
Results Overview (2/2) Loans and deposits growth comes in within management guidance Group loans growth of 13.4% YoY supported by: Met Group loans • International loans growth of 20.6% YoY, as Singapore loans grew 13.3% guidance of 13% • Malaysia loans growth of 9.0% YoY, with growth of 11.1% in c
Slide 15: P&L Summary: 4Q & Full Year FY2014
P&L Summary: 4Q & Full Year FY2014 Fourth quarter net profit rose 11.5% YoY to RM1.93 bil, on higher net fee-based & net fund-based income 4Q 4Q RM million FY 2014 FY 2013 YoY YoY FY2014 FY2013 Net fund based income * 12,616.0 11,916.9 5.9% 3,137.5 3,088.9 1.6% Fee-based income¹ 5,899.3 6,360.7 (7.3
Slide 16: Unaudited Income Statement for Insurance and Takaful Business
Unaudited Income Statement for Insurance and Takaful Business Operating profit rose 1.3%, mainly from higher fee income and net interest income RM million FY2014 FY2013 YoY Interest income 969.8 937.5 3.4% Interest expense (28.7) (10.2) 181.6% Net interest income 941.1 927.3 1.5% Net earned premiums
Slide 17: P&L Summary: FY2014 Individual Quarters
P&L Summary: FY2014 Individual Quarters Fourth quarter net profit rose 20.1% QoQ, on the back of 47.3% growth in fee-based income RM million 1Q FY2014 2Q FY2014 QoQ 3Q FY2014 QoQ 4Q FY2014 QoQ Net fund based income 3,124.3 3,134.6 0.3% 3,219.6 2.7% 3,137.5 (2.6)% Fee-based income 1,309.0 1,446.9 10.
Slide 18: International & Malaysia Portfolio Mix FY2014
International & Malaysia Portfolio Mix FY2014 International loans and revenue contribution to the Group increased Net Income Profit Before Tax Gross loans* FY 2014 7.4% 11.4% 9.4% 12.1% 3.0% 7.6% 14.4% RM18.5 bil RM 9.1bil RM 410.5 bil 16.6% 23.3% 59.7% 63.9% 71.2% Overseas: 28.8% (Pre-BII Adjustmen
Slide 19: Business Segment Performance: FY2014 (1/2)
Business Segment Performance: FY2014 (1/2) Higher revenue for all business pillars, with moderately lower revenue for global markets and investment banking Net Operating Income FY2013 -0.0% FY2014 18,538 18,531 Global Banking (GB) +2.0% +2.7% +4.9% -0.3% -1.4% +38.2% +6.5% +13.5% RM million 7,318 7,
Slide 20: Business Segment Performance: FY2014 (2/2)
Business Segment Performance: FY2014 (2/2) Fund-based income grew 5.9%, supported by loans growth in CFS (Malaysia) and international banking Net Fund Based Income FY2013 +5.9% FY2014 Global Banking (GB) -3.8% 12,616 11,917 +3.4% -2.0% -5.2% -13.4% -22.3% +9.5% +1.5% RM million 5,606 5,794 4,032 3,6
Slide 21: Non-interest Income: FY2014
Non-interest Income: FY2014 While other operating income was lower by 5.8%, commission, service charges and fees continued to grow at 4.7% FY2013 FY2014 -5.8% +4.7% -21.6% +93.9% -66.1% +11.8% +0.1% -6.8% -25.0% 5,882 5,540 3,941 3,946 3,544 3,711 RM million 1,732 1,292 1,012 588 -3,681 -3,931 479 3
Slide 22: Group Loans Growth: Dec 2014
Group Loans Growth: 31 Dec 2014 Group loans growth of 13.4% was supported by international markets and Malaysia 31 Dec 2014 31 Dec 2013 YoY Group Gross Loans ¹ 410.5 361.8 13.4% Malaysia (RM billion)² 243.6 223.6 9.0% Community Financial Services 168.8 151.4³ 11.5% Global Banking 74.8 72.1³ 3.7% Int
Slide 23: Malaysia Loans Growth: Dec 2014
Malaysia Loans Growth: 31 Dec 2014 All business segments recorded higher YoY growth, with corporate loans picking up momentum in 4Q RM billion 31 Dec 2014 31 Dec 2013 YoY Community Financial Services (Reported) 168.8 151.9 11.1% Community Financial Services (Re-based¹) 168.8 151.4 11.5% Consumer (Re
Slide 24: Group Deposits Growth: Dec 2014
Group Deposits Growth: 31 Dec 2014 Group deposits grew 11.1% supported by growth in international markets and Malaysia 31 Dec 2014 31 Dec 2013 YoY Group Gross Deposits 439.6 395.6 11.1% Malaysia (RM billion) 278.3 259.1 7.4% Savings Deposits 38.5 37.6 2.4% Current Accounts 72.8 65.8 10.6% Fixed Depo
Slide 25: LDR and CASA Ratio: Dec 2014
LDR and CASA Ratio: 31 Dec 2014 Stronger QoQ Group CASA ratio, on higher CASA ratio in Malaysia and Indonesia Group Malaysia LDR CASA 89.9% 91.0% 90.6% 90.6% 91.8% 87.8% 87.9% 86.8% 89.5% 83.9% 36.1% 35.8% 39.9% 40.0% 39.9% 38.1% 39.9% 35.7% 34.5% 35.3% Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Dec 13 Mar
Slide 26: Overheads: FY2014
Overheads: FY2014 Managed overheads growth with CIR within internal threshold, despite flat income growth Group overheads composition 1Q 2Q 3Q 4Q (RM’ mil) FY2014 FY2013 YoY QoQ FY2014 FY2014 FY2014 FY2014 Personnel costs 5,019.3 4,943.9 1.5% 1,237.3 1,142.8 1,287.5 1,351.8 5.0% IT Expenses 545.9 63
Slide 27: Key Operating Ratios
Key Operating Ratios Stable operating ratios, despite slower industry trends (%) FY 2014 FY 2013 YoY FY 2012 CY 2011 Return on Equity 13.8 15.1 (1.3)% 16.0 15.7 Net Interest Margin 2.31 2.43 (12 bps) 2.48 2.53 Fee to Income Ratio 31.9 35.7 (3.8)% 34.4 38.0 Loans-to-Deposit Ratio 91.8 89.9 1.9% 89.8
Slide 28: Asset Quality: FY2014
Asset Quality: FY2014 Improved Group GIL from last quarter, with stable loan loss coverage at 95.6% Allowance for losses on loans Group Impaired Loans Ratio Allowances for losses on loans Gross Impaired Loans Ratio (%) Loan loss coverage Net Impaired Loans Ratio (%) 1.89 107.5% 107.2% 107.7% 1.86 1.
Slide 29: Asset Quality by Market
Asset Quality by Market GIL recorded a YoY uptick primarily due to specific sectors management has indicated for Malaysia & Indonesia Malaysia Singapore BII Group Gross Impaired Loans Ratio (%) Net Impaired Loans Ratio (%) 3.53 0.29 0.29 2.04 3.32 3.24* 1.85 0.26 2.98 1.77 1.71 0.24 2.81 1.69 0.23 0
Slide 30: Commodities Exposure
Commodities Exposure Maybank Group’s loan exposure for selected commodity clusters as at 31 December 2014 Commodities Agriculture Energy Metals & Mining Malaysia Malaysia Malaysia Singapore Singapore Singapore Indonesia Indonesia Indonesia Note: *Home Markets include outstanding loan exposure as at
Slide 31: Group Capital Adequacy: Dec 2014
Group Capital Adequacy: 31 Dec 2014 Total capital ratio at 15.88% (assuming 85% dividend reinvestment rate) and CET1 at 11.39% After proposed Before After proposed After proposed dividend, based on proposed dividend, dividend, assuming BNM’s dividend assuming 85% 85% reinvestment Implementation rein
Slide 32: Dividend
Dividend Gross dividend for 2014 at 57 sen, with a stable dividend yield of 6.2% ● For the Final Dividend of FY2014, the Board has recommended a single-tier final dividend of 33 sen consisting of 10 sen cash portion and 23 sen electable portion for the Dividend Reinvestment Plan. ● Dividend payout r
Slide 33: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 34: Market Outlook
Market Outlook 2015 outlook for our home markets Key Indicators Outlook • GDP(f) 4.5% (2014: 6%) • Consumer lending expected to moderate • System loan(f) 7-8% • Top line for banks to be challenging with subdued • System deposit(f) 6-7% capital markets and soft loan demand • OPR 3.25% (2014: 3.25%) •
Slide 35: Outlook and guidance for FY2015
Outlook and guidance for FY2015 Outlook for FY2015 • Some pressure on corporates depending on how long price weakness in commodities persist • Continued deposit cost pressure resulting in NIM compression • Tighter consumer spending with GST implementation on 1 April 2015 Our 2015 guidance reflects t
Slide 36: FY2015 Group Strategic Priorities
FY2015 Group Strategic Priorities 1 Strengthen the Group’s revenue growth 2 Continue focus on productivity Group wide 3 Deploy capital efficient strategy 4 Continue with international market performance Solidify our position in ASEAN for AEC opportunities 5 e.g.: Qualified ASEAN bank 35
Slide 37: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 38: CFS Malaysia Market Share (1/4)
CFS Malaysia Market Share (1/4) Growing above market and advancing our market share Dec-14 Market Dec-11 Dec-12 Dec-13 Dec-14 vs Position Dec-13 Deposits Total Deposits 17.4% 17.1% 18.5% 19.0% 0.0 1 Total Core Retail Deposits 18.1% 18.3% 19.0% 19.4% 0.0 1 Retail CASA 23.3% 23.6% 24.8% 24.8% 0.0 1 Re
Slide 39: Community Financial Services (2/4)
Community Financial Services (2/4) Growth in HNW and Affluent customer segments sustained with continued refinement of segment-led business model HNW & Affluent Customer TFA grew 12.7% YoY with Overall loans for CFS grew 11.5% YoY to RM168.8 higher product cross sell ratio 150.4 billion 168.8 145.3
Slide 40: Community Financial Services (3/4)
Community Financial Services (3/4) CFS deposit grew by 12.3%, driven by SME and BB deposits CFS Deposits grew 12.3% YoY driven by consumer, Consumer Deposits grew at 9.1% YoY SME and BB deposit growth 116.9 186.6 114.1 178.7 112.4 111.0 174.2 172.9 169.6 107.5 107.2* 19.4% 19.2% 19.2% 166.2* 19.0% 1
Slide 41: Community Financial Services (4/4)
Community Financial Services (4/4) CFS GIL remains within the internal threshold with consumer GIL at 0.5%, less than half of industry CFS GIL steady at 2.0% YoY Consumer GIL maintained at 0.5% YoY, lowest in the industry 3,658 3,457 667 670 659 654 2,838 2,872 2,813 620 0.5% 0.5% 0.5% 0.5% 2.2% 0.5
Slide 42: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 43: Global Banking (1/4)
Global Banking (1/4) Corporate banking loans higher by 4.4% YoY Total GB loans higher by 4.4% YoY from RM71.7 Trade Finance market share ¹ billion to RM74.8 billion RM billion 27.1% 25.8% 25.5% 25.4% 35.0 24.8% Term Loan +0.3% (YoY) 34.7 34.9 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 37.5 Trade 32.1 +9.9%
Slide 44: Global Banking (2/4)
Global Banking (2/4) Global Markets’ business regionally saw PBT growth of 9.0% YoY for FY2014 PBT and Revenue grew by 9.0% and 8.6% YoY respectively Group Securities Portfolio grew 8.5% YoY Net interest income +8.5% YoY Non-interest income 107.8 104.6 102.3 101.0 +8.6% 96.5 11.8 9.2 +9.0% 10.6 8.7
Slide 45: Global Banking (3/4)
Global Banking (3/4) Maybank Kim Eng recorded total income of RM1,515.3mil for FY2014, despite slower market activity 12M ended 31 Dec 2014 Total Income (RM’Mil) ASEAN Loans Book Runner (USD'Mil)¹ Others, Hong Kong, 66.8 (4%) 57.0 (4%) Standard Chartered 11.1% 6,031 Philippines, 71.3 (5%) DBS 8.8% 4
Slide 46: Global Banking (4/4)
Global Banking (4/4) Notable deals completed in 2014 by Maybank Kim Eng Malaysia Malaysia Malaysia Malaysia Singapore 7-Eleven Malaysia Frasers Centrepoint Midciti Sukuk Berhad Seadrill Ltd Cagamas Global P.L.C. Limited Holdings Berhad RM 3 billion RM 989 million RM 834 million CNH 1.5 billion SGD 6
Slide 47: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 48: Maybank Singapore (1/3)
Maybank Singapore (1/3) Loans increased 13.4%, spurred by stronger lending to consumers (+15.4%) Diversified Loan Portfolio Loans portfolio expanded by 13.4% to reach 13.4% S$35.0 billion as at December 2014 30.9 35.0 Other (Consumer) Business loans grew 12.3% to S$12.2 billion as of 1.9 2.6 Dec
Slide 49: Maybank Singapore (2/3)
Maybank Singapore (2/3) Deposits up 16.5% as at December 2014, driven by funds placed by businesses Consumers accounted for the bulk of deposits CASA growth of 12.1% 16.5% 34.0 39.6 CASA Time Consumer - Time Deposits Deposits Growth 12.1% 15.4 17.6 Consumer 25.2 29.7 SGD billion 57% Consumer CASA CA
Slide 50: Maybank Singapore (3/3)
Maybank Singapore (3/3) PBT rose 4.4% YoY to S$433 million as fund-based income improved 21% (SGD mil) FY2014 FY2013 YoY Net Fund Based income 511.74 423.85 20.7% Net Fee Based income 283.08 274.05 3.3% Net income 794.82 697.90 13.9% Overhead expenses 339.75 300.50 13.1% Operating profit 455.07 397.
Slide 51: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 52: Bank Internasional Indonesia (1/4)
Bank Internasional Indonesia (1/4) Overall operating profit was flat but lower net profit mainly due to higher provisioning from a few corporate customers (IDR bil) FY14 FY13 YoY 4Q14 3Q14 QoQ Net Fund Based income 5,931 5,515 8% 1,603 1,543 4% Net Fee Based income 1,942 2,287 -15% 420 473 -11% Net
Slide 53: Bank Internasional Indonesia (2/4)
Bank Internasional Indonesia (2/4) Increase in impaired loans due to a few corporate debtors in GB, while business banking and retail banking asset quality was stable. Lower NIMs attributed to higher cost of funds Loans composition (Consolidated) Net Interest Margin (Consolidated) +4.2% (YoY) IDR tr
Slide 54: WOM Finance (3/4)
WOM Finance (3/4) Loan quality was stable while revenue was impacted by new insurance regulation Revenue and PBT (IDR billion) Unit Financing (‘000 unit) (Stand alone) (Consolidated) +6.8% +11.0% 1,694 1,586 595 +8.7% 536 428 394 +17.1% 142 167 89 50 YTD Dec'13 YTD Dec'14 New Used Total YTD Dec'13 Y
Slide 55: BII Finance (4/4)
BII Finance (4/4) Higher revenue by 24.6% and increased profit before tax by 27.5% Revenue and PBT (IDR billion) Unit Financing (unit) (Stand alone) (Stand alone) 60,000 49,819 50,405 Total Revenue 47,938 49,168 1,694 +24.6% 50,000 800 1,586 753.51 Profit Before Tax 700 40,000 604.73 600 500 30,000
Slide 56: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 57: Islamic Banking (1/2)
Islamic Banking (1/2) Group Islamic Banking Income Maybank Islamic: Total Gross Financing grew by 25% to RM108.5 billion YoY RM million FY14 FY13 Growth Total Income 3,271.2 2,810.2 16.4% 23% Dec-13 Dec-14 22% 27.61 38% Profit Before Tax 25.93 1,610.3 1,474.1 9.2% 24.48 22.50 21.28 17.68 35% RM
Slide 58: Islamic Banking (2/2)
Islamic Banking (2/2) Maybank Islamic Market Share (Malaysia) Market Share by Product 35.0% 32.7% 31.1% 31.6% Dec-14 Dec-13 30.6% 30.7% 28.9% 30.0% Automobile financing 39.7% 34.9% Home Financing 25.8% 23.1% 25.0% 25.1% 24.9% Term financing 30.1% 29.8% 24.1% 24.7% 23.8% 20.0% 22.5% CASA Deposits 32.
Slide 59: Insurance and Takaful – Etiqa
Insurance and Takaful – Etiqa Maintained market leadership in General Insurance and Takaful Gross Premium Insurance & Takaful – Market Share Single Premium 42.1% Regular Premium 12.4% YTD: December 2014 Credit Premium -31.2% YTD: December 2013 Group Premium 12.1% Total Life/Family -0.6% Fire 3.0% Mo
Slide 60: Maybank Philippines
Maybank Philippines Higher PBT driven by increase in NII, in tandem with the growth in loan base Key Highlights Revenue and PBT PBT rose by 10.8% or PESO72.9 million contributed by +20.0% YoY higher net interest income (NII) 4,206.3 NII increased 38.7% YoY, as a result of higher yields. 3,505.9
Slide 61: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 62: An Binh Bank
An Binh Bank Lower PBT due to drop in NOII, loans and deposits expanded at double-digit growth Key Highlights Revenue and PBT PBT declined by 4.6% impacted by lower non-interest +1.1% YoY income (NOII), mainly due to losses on trading securities 1,585.8 1,602.9 Revenue was slightly higher by VND
Slide 63: MCB Bank
MCB Bank Better performance on the back of higher income Key Highlights Revenue and PBT PBT ended at PKR37.4 billion, higher by 13.7% or +16.2% YoY PKR4.5 billion YoY on the back of topline growth 57.4 Net interest income increased by PKR5.7 billion while 49.4 +13.7% YoY non interest income rose
Slide 64: Table of Contents
Table of Contents Executive Summary 2 Financial Performance 12 Prospects & Outlook 33 Appendix : Business Sector Review 1. Community Financial Services 37 2. Global Banking 42 3. Maybank Singapore 47 4. Bank Internasional Indonesia 51 5. Other Segments 56 6. Affiliates 61 7. Quarterly Financial Resu
Slide 65: FY2014 Group Targets
FY2014 Group Targets Key Performance FY2014 1Q FY2014* 2Q FY2014* 3Q FY2014* 4Q FY2014* FY2013 Indicators Targets Headline KPI Return on Equity Est.14.0% 13.8% 13.4% 13.5% 15.9% 15.1% Other targets Group Loans Growth 13.0% 5.3% 9.5% 13.6% 23.0% 14.0% • Malaysia 9.0%- 10.0% (0.7)% 5.8% 9.9% 20.0% 11.
Slide 66: Non-interest Income
Non-interest Income 1Q 2Q 3Q 4Q 1Q FY2014 FY2014 FY2014 FY2014 FY2014 2Q FY2014 10.8% 2.3% 10.8% 14.9% 6.2% 11.3% Commission & 3Q FY2014 541 572 622 760 service charges 4Q FY2014 Brokerage income & 149 214 214 213 1,547 underwriting fees 1,365 1,396 Loan related fees 95 116 122 93 1,232 11.6% -5.9%
Slide 67: Business Segment Performance
Business Segment Performance Net Fee Based Income 1Q FY2014 2Q FY2014 2.6% -2.0% 47.3% 3Q FY2014 4Q FY2014 1,941 Global Banking (GB) 8.8% 23.3% 18.7% 1,345 1,311 1,318 4.2% -3.8% 11.0% 14.7%16.1% 2.2% -20.9% 57.7% -19.8% 42.5% 7.5% 58.9% -32.6% 0.1% 149.0% -5.8% -0.3% 33.9% 76.3% -11.1% 213.0% (RM m
Slide 68: Unaudited Income Statement for Insurance and Takaful Business
Unaudited Income Statement for Insurance and Takaful Business 1Q 2Q 3Q 4Q 4Q RM million QoQ YoY FY2014 FY2014 FY2014 FY2014 FY2013 Interest income 233.2 254.3 236.3 246.1 4.1% 255.3 (3.6%) Interest expense (5.1) (6.3) (8.6) (8.6) 0.9% (5.2) 65.7% Net interest income 228.1 247.9 227.7 237.5 4.3% 250.
Slide 69: Key Operating Ratios
Key Operating Ratios 1Q 2Q 3Q 4Q Variance 4Q Variance (%) FY2014 FY2014 FY2014 FY2014 QoQ FY2013 YoY Return on Equity 13.8 13.4 13.5 15.9 2.4% 15.9 0 Net Interest Margin 2.37 2.35 2.31 2.20 (11 bps) 2.38 (18 bps) Fee to Income Ratio 29.6 30.0 29.0 38.2 9.2% 34.1 4.1% Loans-to-Deposit Ratio 91.0 90.6
Slide 70: Group Gross Loans
Group Gross Loans 31 Mar 2014 30 Jun 2014 30 Sep 2014 31 Dec 2014 QoQ Group Gross Loans ¹ 366.6 375.3 388.1 410.5 5.8% Malaysia (RM billion)² 223.2 226.4 232.0 243.6 5.0% Community Financial Services 154.5 159.4 162.7 168.8 3.8% Global Banking 68.6 67.0 69.3 74.8 8.0% International (RM billion) 139.
Slide 71: Malaysia Gross Loans
Malaysia Gross Loans % of RM billion 31 Mar 2014 30 Jun 2014 30 Sep 2014 31 Dec 2014 QoQ Portfolio Community Financial Services 69% 154.5 159.4 162.7 168.8 3.7% Consumer 80% 124.9 128.4 131.3 135.7 3.4% Total Mortgage 45% 55.0 56.8 58.5 60.9 4.1% Auto Finance 28% 35.9 37.0 37.8 38.6 2.3% Credit Card
Slide 72: Group Deposits
Group Deposits % of Portfolio 31 Mar 2014 30 Jun 2014 30 Sep 2014 31 Dec 2014 QoQ Group Gross Deposits 395.7 406.5 420.2 439.6 4.6% Malaysia (RM billion) 63% 258.2 265.1 277.7 278.3 0.2% Savings Deposits 14% 39.1 38.7 38.0 38.5 1.3% Current Accounts 26% 64.0 67.1 67.9 72.8 7.3% Fixed Deposits 51% 13
Slide 73: Commodities Exposure
Commodities Exposure Maybank Group’s loan exposure to agriculture, energy and metals and mining in our three home markets Commodities Agriculture Energy Metals & Mining Producers Manufacturers Producers Manufacturers Producers Manufacturers Malaysia Malaysia Malaysia Malaysia Malaysia Malaysia Singa
Slide 74: Malayan Banking Berhad Investor Relations Contact
Humanising Financial Services MALAYAN BANKING BERHAD 14th Floor, Menara Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur, Malaysia Tel : (6)03-2070 8833 www.maybank.com Investor Relations Contact Mohamed Rafique Merican Group Chief Financial Officer Contact: (6)03-2074 7878 Email: rafique@maybank.com
Malayan Banking Berhad (Maybank) — FY2014 Earnings Presentation on 6ix