Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — H1 2019 Earnings Presentation
19 slides from Union Bank Of Taiwan's earnings presentation, Jul 30, 2019
Slide 1: Union Bank of Taiwan Financial Results of 1H19
Union Bank of Taiwan Financial Results of 1H19 July 30th, 2019 1
Slide 2: Disclaimer
DISCLAIMER This presentation is provided by Union Bank of Taiwan (”UBOT”).The information contained within is not audited or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed t
Slide 3: Financial Highlights of 1H19
Financial Highlights of 1H19 Steady growth of business Total deposits (avg. balance) was increased 12.43% YoY . Total loans (avg. balance) was increased 12.06% YoY. Valid cards in 6 months was increased 1.6% YoY. Operating income was increased 14.13% YoY. Telemarketing credit loans was i
Slide 4: Revenue and profit- Consolidated
Revenue and profit- Consolidated NT$ mn, % Items 2Q19* 2Q18 Diff. %* Net interest income 3,216 3,349 -3.97% Net fee income 1,251 1,225 +2.17% Net other income 2,132 1,833 +16.26% Operating revenue 6,599 6,407 +2.99% Pre-Tax Income 1,761 1,723 +2.21% Note：Because of application of foreign currency re
Slide 5: Net Revenue Breakdown- Consolidated
Net Revenue Breakdown- Consolidated NT$ mn NT$ mn, % Operating Revenue 9,000 12,012 12,471 12,732 6,599 6,599 6,407 27.33% 28.72% 28.33% 6,000 32.31% 20.18% 18.43% 19.03% 18.96% 3,000 52.49% 52.85% 52.64% 48.73% 0 2Q18 2Q19 2016 2017 2018 2Q19 NII% Fee Income% Other Income%
Slide 6: Financial Performance- Consolidated
Financial Performance- Consolidated NT$ mn Operating Revenue 12,012 12,471 12,732 6,599 2016 2017 2018 2Q19 Net Income NT$ mn EPS NT$ dollar 2,955 1.01 1.02 1.07 0.53 * 2,662 2,766 0.2 1,442 2016 2017 2018 2Q19 2016 2017 2018 2Q19 Without considering the declaration of cash dividend of preferred s
Slide 7: Operating revenue analysis- Alone
Operating revenue analysis- Alone +2.78 % 38.34% Corporate Busibess 35.56% Others +0.39 % 15.54% -3.62 % 16.10% +0.61 % 20.34% 19.95% 19.72% 15.54% -0.16 % 16.10% 14.93% 9.68% 9.84% Corporate Consumer Trust & Ｗealth Investment Others Business Business Mgmt. Investment 1H19 1H18 20.34% 2019.6 2018.6
Slide 8: Business Performance
Business Performance NT$ mn, % Items 2019.6 2018.6 Diff. Amt Diff. % Total deposits (avg. bal.) 513,651 456,878 56,773 12.43% Demand deposits 206,940 186,912 20,028 10.72% Time deposits 236,876 203,185 33,691 16.58% Foreign exchange deposits 69,835 66,781 3,054 4.57% Total Loans (avg. bal.) 367,551
Slide 9: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$ 514 billion NT$ bn Demand deposits, +16.58% Foreign exchange deposits, +10.7% 236.9 13.60% 40.28% 206.9 203.2 186.9 +4.5% 66.8 69.8 Time deposits, Demand deposits Time deposits Foreign exchange deposits 46.12% 6M18 6M19 9
Slide 10: Deposits balance steady growth
Deposits balance steady growth Demand Deposits Time Deposits YoY YoY +15.83% NT$ mn +9.2% 300,180 289,524 228,031 219,547 240,632 243,611 245,310 249,964 205,242 208,826 192,697 196,360 Dec. 2016 Jun. 2017 Dec. 2017 Jun. 2018 Dec. 2018 Jun. 2019 Dec. 2016 Jun. 2017 Dec. 2017 Jun. 2018 Dec. 2018 Jun.
Slide 11: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$ 361.2 billion NT$ bn Government, Large 8.2% Corporate, 250.7 4.1% 220.9 SME, 18.3% 58.1 66.0 32.8 29.7 Individual, 11.4 14.8 69.4% Government Large Corporate SME Individual 6M18 6M19 11
Slide 12: Loans balance steady growth
Loans balance steady growth Corporate Loans Consumer Loans NT$ mn 127,156 119,073 205,209 194,336 112,673 179,956 168,173 106,295 159,117 154,226 99,076 94,786 2016 Jun. 2017 2017 Jun. 2018 2018 Jun. 2019 2016 6M17 2017 6M18 2018 6M19 Government Loans is excluded from Corporate Loans. 12
Slide 13: Business Performance (Cards)
Business Performance Cards, NT$ Mn,% Items 1H19 1H18 Diff. Amt Diff. % Valid cards in 6 months 1,181,425 1,162,846 18,579 1.60% Cards outstanding 2,070,500 2,088,891 (18,391) (0.88%) Operating income 1,365 1,196 169 14.13% Value of transactions 44,832 45,455 (623) (1.37%) Value of acquiring 31,026 2
Slide 14: Credit Card Business Breakdown
Credit Card Business Breakdown Thousand Card,% NT$mn Active Cards Card Consumption 4.01% 4.11% 3.27% 2.98% 3.20% 3.24% 3.21% 3.97% 2.76% 90,312 3.88% 78,284 86,566 3.10% 1,153 1,175 1,181 2.88% 1,084 67,323 57,881 789 813 45,189 2014 2015 2016 2017 2018 6M19 2014 2015 2016 2017 2018 6M19 Active Card
Slide 15: NIM and Spread- Alone
NIM and Spread- Alone NIM 1.50% 1.46% 1.40% 1.39% 2.24% 2.13% 2.12% 2.17% 1.34% 1.33% 1.34% 1.33% 1.26% 1.31% 1.11% 1.26% 0.74% 0.72% 0.78% 0.67% 2016 2017 2018 2Q19 2016 2017 2018 2Q19 Overall Lending Rate Overall Deposit Rate Interest Spread 15
Slide 16: Assets Quality
Assets Quality NPL NPL Ratio NT$ mn,% 700 0.20% 0.18% 600 0.19% 0.16% 500 551 0.14% 0.14% 528 0.13% 0.12% 0.12% 400 444 0.12% 383 401 0.10% 0.10% 300 0.08% 274 0.06% 200 0.04% 100 0.02% 0 0.00% 2016 2Q17 2017 2Q18 2018 2Q19 2016 2Q17 2017 2Q18 2018 2Q19 NPL increased by Foshin Airline 200 million
Slide 17: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, % NT$ mn, % 4,500 1400.00% 4,122 4,000 1168.83% 3,853 1200.00% 3,402 3,500 3,197 959.79% 887.26% 1000.00% 3,000 780.07% 2,500 800.00% 575.44% 572.99% 2,000 600.00% 1,500 502.93% 492.92% 400.00% 1,000 200.00% 500 0 0.00% 2016 2017 2018 2Q19 Allowance for bad debts. NPL
Slide 18: Capital Adequacy: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2015 2016 2017 2018 6M19 Regulatory capital 36,390,672 38,935,126 49,740,733 49,204,492 52,111,319 Common share 28,573,380 30,419,225 31,867,478 33,172,535 35,532,709 Other tier 1 capital 0 1,664,565 12,146,864 11,720,972 11,681,131 Tier 2 capital 7
Slide 19: Capital Adequacy Ratio
Capital Adequacy Ratio 15.70% 13.92% 14.32% 13.47% 1.81% 13.37% 13.01% 12.76% 1.25% 1.62% 1.25% 2.37% 3.83% 2.59% 2.08% 3.41% 0.57% 3.37% 3.00% 0.56% 0.70% 9.86% 10.53% 9.98% 10.06% 8.93% 9.66% 9.12% 6M16 2016 6M17 2017 6M18 2018 6M19 CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio 19