United Bank Limited · PSX:UBL
United Bank — 9M 2022 Earnings Presentation
13 slides from United Bank's earnings presentation, Sep 1, 2022
Slide 1: United Bank Limited Investor Presentation 9M 2022
United Bank Limited Investor Presentation 9M 2022 Performance Highlights and Business Outlook Presented by: Mr. Shazad G. Dada President & CEO Mr. Arif Saifie, CFA, FCA Chief Financial Officer Ms. Saira Shah Financial Controller & Head of Investor Relations
Slide 2: Overview of the UBL Group
Overview of the UBL Group One of the largest and most profitable Banks in Pakistan One of the largest branch Largest Pakistani Bank based in Strongest Credit Rating networks in Pakistan the Middle East, branches in Over 60 years of successful with 1,338 branches, UAE, Bahrain and Qatar, Entity Ratin
Slide 3: The Big Picture on Macros and UBL's performance in 9M'22
The Big Picture on Macros and UBL’s performance in 9M’22 Overall economy impacted by global inflation, pressure on UBL announces Historic Results in 9M’22 currency…transition to stability is key Key challenges for the market in 2022 RS 29% Fed rate hikes spur negative impact on all emerging market
Slide 4: Core drivers of business performance in 2022
An overview of the core drivers of business performance in 2022 Strong revenue buildup driven by core deposits and aggressive investment strategy UBL continues to deliver strong results as leading businesses are on track for another record year….. Branch Banking leads earnings growth with strong cur
Slide 5: Our future ambitions: most Progressive and Innovative Bank of Pakistan
Our future ambitions are clear – to continue to be the most “Progressive and Innovative” Bank of Pakistan Aggressive Customer Acquisition Diversify with Investment strategy and NFI Digital Market Leadership Raising service standards across all Active ALM approach to rebuild Growing digital pen
Slide 6: Balance Sheet Overview for the nine months period ended September 30, 2022
Balance Sheet Overview for the nine months period ended September 30, 2022 Strong current deposits growth with steady build up in advances Rs in bln Deposits Performance - Led by Branch Banking Group Balance Sheet Var % Sep'22 Dec'21 Deposits market share built up to 8.2% at Sep’22 (Dec’21: 7.2%)
Slide 7: 9M'22 P&L Overview
9M’22 P&L Overview Higher revenues with strong NII and NFI growth - PBT up 29% Rs in bln Rs in bln Revenue Performance – stable margins building up momentum Income Statement Var % Var % 9M'22 9M'21 Q3'22 Q2'22 Bank NIMs at 4.6% in 9M’22 (9M’21: 3.8%), up 80 bps Interest Earned 176.3 109.1 62% 73.5
Slide 8: UBL delivers higher returns to shareholders as franchise continues to grow
UBL delivers higher returns to shareholders as franchise continues to grow….. PSX index vs UBL – valuations impacted by market sentiment Equity and Book Values – conservation and growth since 2019 320 55 Max Price in 2022: Rs. 149.81 Price as at 19-Oct'22: Rs. 114.12 Rs in bln Cons . Equity Sep’22 -
Slide 9: Conclusion: A strong delivery in 2022 so far
Conclusion: A strong delivery in 2022 so far - as we target another record year We will be pivoting around our core strengths – as economy transitions to stability over time Branch Banking to lead ‘low cost’ deposits growth 1 Maintain aggressive acquisition across target market - while optimizing ne
Slide 10: Digital Banking - laying the foundations for a wider eco system
Digital Banking - laying the foundations for a wider eco system Penetration levels continue to improve as our award winning app gains further ground App Registrations up +30% YoY Transacting Customers up 33% (Sep’22 vs Sep’21) Registered Customers # in mln +30% ( '000s) +33% YoY 735 754 2.5 677 694
Slide 11: UBL Remains in the Forefront with Market Recognition
UBL Remains in the Forefront with Market Recognition UBL “Firsts” – Initiatives to stay ahead of the market Market recognition and awards ‘Best Mobile App’ and ‘Best Emerging Technology’ – Pakistan Digital Award 2021. First Commercial Bank in Pakistan to launch Branchless Banking (UBL Declared
Slide 12: We are embedding ESG into UBL's Strategy
We are embedding ESG into UBL’s Strategy…. Some key themes Recent Initiatives to build ESG awareness We are now developing a complete framework… Energy Conservation Program Defining a complete ESG Risk Management Strategy Plantation Drive Embedding ESG Risk factors into Risk Management Proce
Slide 13: Important Information
Important Information The information contained herein reflects our latest business statement as at September 30, 2022. Except the historical information contained herein, statements in this Release which contain words or phrases such as ‘will’, ‘would’, ‘indicating’ expected to’ etc., and similar e