United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2019 Earnings Presentation
9 slides from United Overseas Bank's earnings presentation, Feb 21, 2020
Slide 1: FY2019 Results: Record Profit Led by Broad-based Franchise Growth
FY2019 Results: Record Profit Led by Broad-based Franchise Growth Wee Ee Cheong Deputy Chairman and Chief Executive Officer 21 February 2020 Discla imer : Th is mater ial that follo ws is a presentation of general backgrou n d informat ion abo ut the Bank’s act ivit ies current at the date of the pr
Slide 2: FY19: Higher Dividend on Record Profit
FY19: Higher Dividend on Record Profit SGD4.3b SGD6.6b SGD2.0b 58% YoY Net Profit 56% YoY Net Interest 53% YoY Fee after Tax Income Income 44.6% 18bp1 14.3% 50.7ppt YoY Cost/Income 52bp1 YoY Total Credit 50.4ppt YoY CET1 Ratio Costs CAR2 1. Basis points 2. Common Equity Tier 1 capital adequacy ratio
Slide 3: Focused on Riding Southeast Asia's Long-Term Growth Potential
Focused on Riding Southeast Asia’s Long-Term Growth Potential Group Wholesale Banking Capture growing cross-border trade and investment flows through our sector specialisation and integrated regional platform. Group Retail Ride on growing affluence and wealth potential of the region’s rising middle
Slide 4: Group Wholesale Banking Income Growth Supported by Diverse Sources
Group Wholesale Banking Income Growth Supported by Diverse Sources Group Wholesale Banking income (SGD b) +6% +8%2 growth in non-Singapore income 3.9 4.1 +6%2 growth in non-real estate income FY18 FY19 RoRWA1 2.0% 1.7% +8%2 growth in non-loan income 1. Return on risk weighted assets (RoRWA), compute
Slide 5: Strategic Initiatives to Tap Regional Flows
Strategic Initiatives to Tap Regional Flows Strengthened Sector Products Connectivity Specialisation and Platforms Tapping Greater China / Offering tailored solutions Building new capabilities Southeast Asian flows • Support regional needs of • Improve customer engagement • Financing frameworks2 to
Slide 6: Group Retail Riding on Region's Growing Affluence
Group Retail Riding on Region’s Growing Affluence Gross Loans (Group Retail1): +1% YoY in FY19 Income (Group Retail1) +9% YoY in FY19 SGD b SGD b 108 109 3.8 4.0 4.3 104 FY17 FY18 FY19 FY17 FY18 FY19 61% of AUM from overseas customers2 Segment RoRWA3 +0.46%pt YoY in FY19 Assets under management (AUM
Slide 7: Leveraging Digitalisation and Partnerships
Leveraging Digitalisation and Partnerships Omni-Channel Digital Bank: Ecosystem Experience TMRW Partnerships Affluent customers with Targeting Mobile-First and Forging collaborations to universal banking needs Mobile-Only Generation widen distribution reach • Launched UOB Mighty 2 app with • Aim: To
Slide 8: Outlook: 2020 Guidance
Outlook: 2020 Guidance • Continued focus on ASEAN franchise • Grow selectively and seize opportunities within our target segments • Expect downward pressure in customer margin • Slight uptick in credit costs given current conditions • Sustain momentum in fee income growth led by wealth management •
Slide 9: Thank You
Thank You tt UOB RIGHT BY YOU