Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — H1 2013 Earnings Presentation
74 slides from Cimb Group Holdings Bhd's earnings presentation, Aug 26, 2013
Slide 1: Analysts Presentation 1H13 Results
Analysts Presentation 1H13 Results 26 August 2013
Slide 2: Agenda
Agenda 1. Key Highlights 2. CIMB Group 1H13 Financials 3. Malaysia & Singapore Consumer Banking 4. CIMB Niaga 5. CIMB Thai 6. Wholesale Banking 7. Investments 8. Other Highlights 9. 2013 Priorities and Other Highlights 10. Final Remarks 2
Slide 3: Key Highlights
CIMB Group : 1H13 Results Key Highlights
Slide 4: 1H13 Highlights
1H13 Highlights 15% Y-o-Y increase in net profits with one-off gain on sale of CIMB Aviva (less restructuring charges) Excluding one-off items in 1Q13, 1H13 net profit was flat Y-o-Y and Q-o-Q Tough operating conditions for Treasury Markets and CIMB Niaga MS Consumer Bank and Regional Corporate Bank
Slide 5: Key Financial Highlights (1)
Key Financial Highlights (1) Operating Income Net Profit ROE Cost to Income RM’ mil RM’ mil % % +12.3% +15.1% +60bps +240bps 7,390 57.7 6,581 55.3 16.6 2,440 16.0 2,120 1H12 1H13 1H12 1H13 1H12 1H13 1H12 1H13 -12.7% Q-o-Q -24.0% Q-o-Q -500bps Q-o-Q +300bps Q-o-Q 5
Slide 6: Key Financial Highlights (2)
Key Financial Highlights (2) Total Credit* Deposits++ NIM Gross Impaired Loans RM’ bil RM’ bil % Ratio % +12.7% +12.5% -21bps -80bps 257.2 258.4 4.4 3.09 228.3 3.6 2.88 229.8 Jun-12 Jun-13 Jun-12 Jun-13 1H12 1H13 Jun-12 Jun-13 +3.8% Q-o-Q -2.4% Q-o-Q +1bps Q-o-Q -20bps Q-o-Q Notes: * Credit includes
Slide 7: PBT By Division
PBT By Division 1H13* 1H12 RM ‘mil Investment RM ‘mil Investment Banking Banking Investments 5% Investments 5% 8% 10% Consumer Consumer Banking Banking 36% 41% Corporate Corporate Banking Banking 28% 22% Treasury & Treasury & Markets Markets 18% 27% 1H13 PBT Y-o-Y Growth by Key Divisions Consumer In
Slide 8: PBT By Country
PBT By Country 1H13* 1H12 Others Others Thailand Thailand Singapore -1% Singapore 4% 4% 1% 5% 4% Indonesia Indonesia 31% 31% Malaysia Malaysia 60% 61% 1H13 PBT Y-o-Y Growth by Key Countries +2.7%* +1.2%^ +188.2% +24.1% * Excluding Aviva gains, amortisation of intangible assets and organisational res
Slide 9: CIMB Group 1H13 Financials
CIMB Group : 1H13 Results CIMB Group 1H13 Financials
Slide 10: Quarterly Earnings Trend
Quarterly Earnings Trend 19.0% 17.8% 16.1% 16.3% 16.8% 16.8% 15.6% 15.5% 14.0% 3,945 3,544 3,445 3,381 3,255 3,326 3,369 2,959 3,032 1,718 1,405 1,470 1,496 1,371 1,387 1,278 1,287 1,341 1,386 1,133 1,109 1,143 1,082 1,054 970 1,012 1,011 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 Operating income
Slide 11: Earnings Summary
Earnings Summary (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Net interest income 4,606 4,262 8.1% 2,345 2,261 3.7% Non interest income 2,784 2,319 20.1% 1,100 1,684 (34.7%) Operating income 7,390 6,581 12.3% 3,445 3,945 (12.7%) Overhead expenses (4,262) (3,639) 17.1% (2,043) (2,219) (7.9%) PPOP 3,128
Slide 12: PBT by Segment (Estimated)
PBT by Segment (Estimated) PBT (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Consumer Banking (36.6%) 1,137 1,013 12.2% 629 508 23.7% Malaysia (28.5%) 879 779 12.6% 489 390 25.6% Indonesia (7.9%) 246 239 3.1% 136 110 23.1% Singapore (0.4%) 13 2 686.3% 10 3 211.8% Thailand (0.0%) (1) (4) 84.7% (7) 6 n.a.
Slide 13: Key Ratios
Key Ratios (%) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q ROE * 16.6 16.0 14.0 19.0 NIM ** 2.88 3.09 2.89 2.88 Non-interest income / total income 37.7 35.2 31.9 42.7 Cost to income 57.7 55.3 59.3 56.3 Allowance coverage 82.1 82.3 82.1 82.3 Allowance coverage after regulatory reserve # 100.6 90.0 100.6 97.9 Loa
Slide 14: Operating Expenses
Operating Expenses (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Personnel 2,411 1,958 23.1% 1,183 1,228 (3.7%) Establishment 841 802 4.9% 418 423 (1.2%) Marketing 193 195 (1.0%) 106 87 21.8% Admin & General 817 684 19.4% 336 481 (30.1%) Total 4,262 3,639 17.1% 2,043 2,219 (7.9%) Total excluding One-off
Slide 15: Gross Loans and Credit Growth
Gross Loans and Credit Growth Loans by Country as at 30 Jun 13 # Divisions / Products (RM ‘bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Retail Financial Services (50.4%) 110.5 97.8 13.0% 106.8 3.5% Others Singapore 2% Mortgages 53.5 49.1 9.0% 52.2 2.4% 8% Thailand 7% Term Loans 22.5 17.2 30.2% 21.
Slide 16: Deposits Growth
Deposits Growth 30 Jun 13 Divisions / Products (RM ‘bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Retail Financial Services (39.8%) 102.9 94.6 8.7% 102.7 0.2% Others Singapore 4% Current 17.0 14.7 15.3% 15.7 8.6% 7% Thailand Savings 28.9 26.1 10.8% 29.2 (0.9%) 6% Fixed & Structured Deposits 57.0 53
Slide 17: CASA Growth
CASA Growth 30 Jun 13 Country 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q CIMB Thai Others Malaysia & Singapore (RM ’bil) * 62.5 55.6 12.4% 60.1 4.2% 5% <1% Indonesia (IDR ’bil) ** 67,387 59,898 12.5% 77,729 (13.3%) CIMB Niaga 24% Thailand (THB ’bil) 39.2 30.1 30.4% 41.0 (4.4%) Others (RM ’bil) 0.3 0.
Slide 18: AFS (MTM) Position
AFS (MTM) Position 801.0 690.3 692.1 663.9 291.3 Jun-12 Sept-12 Dec-12 Mar-13 Jun-13 18
Slide 19: Capital Management – CIMB Group
Capital Management – CIMB Group Minimum Regulatory Requirements # 14.3% 14.1% * 14.1% Total Capital 8.0% # 10.1% * 10.3% 9.9% Tier 1 4.5% # 8.2% * 8.4% 7.8% Core Equity Tier 1 3.5% Dec-12 Mar-13 Jun-13 DRS take-up rate of 84.4% on the FY12 second interim dividend Includes gain from disposal of CIMB
Slide 20: Malaysia & Singapore Consumer Banking
CIMB Group : 1H13 Results Malaysia & Singapore Consumer Banking
Slide 21: Consumer Banking – MY and SG
Consumer Banking – MY and SG (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Net interest income 1,758 1,617 8.7% 902 856 5.4% Non interest income 512 505 1.4% 265 247 7.3% Operating income 2,270 2,122 7.0% 1,167 1,103 5.8% Overhead expenses (1,465) (1,442) 1.6% (717) (748) (4.1%) PPOP 805 680 18.4% 450 3
Slide 22: Malaysian Consumer Gross Loans Growth
Malaysian Consumer Gross Loans Growth Divisions / Products (RM ‘bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Retail Financial Services (88.9%) 83.4 73.3 14.0% 80.9 3.2% Mortgages 40.1 36.7 9.0% 39.2 2.4% Term loans 20.1 15.7 28.4% 19.3 4.3% Auto 12.1 10.9 11.1% 11.7 3.1% Credit cards 3.9 3.9 - 3.8
Slide 23: Malaysian Consumer Deposits Growth
Malaysian Consumer Deposits Growth Divisions / Products (RM ‘bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Retail Financial Services (70.1%) 63.3 59.2 6.9% 63.8 (0.9%) Current 9.8 8.7 13.8% 9.3 6.2% Savings 14.8 13.8 7.5% 14.8 - Fixed & structured deposits 38.7 36.7 5.0% 39.7 (2.8%) Commercial Bank
Slide 24: Malaysian Consumer Banking Indicators (1)
Malaysian Consumer Banking Indicators (1) Jun-13 Dec-12 Mortgages – Loan Base Market Market RM ‘bil Rank* Rank +9.0% Y-o-Y Share Share ASB Financing 23.3% 3 20.8% 3 +2.4% Q-o-Q 40.1 Retail CASA 12.0% 3 11.9% 3 39.2 Auto 7.6% 5 7.4% 5 Residential 36.7 12.8% 3 13.0% 3 Mortgages Non-Residential 10.7% 3
Slide 25: Malaysian Consumer Banking Indicators (2)
Malaysian Consumer Banking Indicators (2) Credit Cards Debit Cards +6.2% Y-o-Y 0% Q-o-Q 1,611 1,865 3.2 3.4 3.4 741 0% Y-o-Y +221.4% Y-o-Y +3.6% Q-o-Q +35.8% Q-o-Q 3.9 3.8 3.9 266.2 196.1 82.8 Jun-12 Mar-13 Jun-13 Jun-12 Mar-13 Jun-13 Credit Cards Loan Base Total Spending (RM 'bil) Total Spending (R
Slide 26: Singapore Consumer Banking Indicators
Singapore Consumer Banking Indicators Consumer PBT Consumer Deposits RM ‘mil RM ‘mil +59.8% Y-o-Y +686.3% Y-o-Y +211.8% Q-o-Q +19.8% Q-o-Q 12,977 12.7 10,833 9.6 3,459 8,120 2,570 1,228 3.1 8,263 9,518 1.6 6,892 1H12 1H13 1Q13 2Q13 Jun-12 Mar-13 Jun-13 Retail deposits Commercial deposits Retail Loan
Slide 27: CIMB Niaga
CIMB Group : 1H13 Results CIMB Niaga
Slide 28: CIMB Niaga: Conservative Growth
CIMB Niaga : Conservative Growth PBT Asset Quality IDR ‘bil +6.0% Y-o-Y 98.3% 2,900 +2.4% Q-o-Q 91.4% 2,735 82.3% 1,433 1,467 3.3% 2.8% 2.5% 1H12 1H13 1Q13 2Q13 2Q12 1Q13 2Q13 Allowance Coverage Gross Impaired loans Ratio Total Deposits Gross Loans IDR ‘tril IDR ‘tril +9.0% Y-o-Y +9.8% Y-o-Y -10.4%
Slide 29: CIMB Niaga: Consumer Banking Indicators
CIMB Niaga : Consumer Banking Indicators Mortgages – Loan Base Auto – Loan Base IDR ‘tril IDR ‘tril +11.0% Y-o-Y +13.3% Y-o-Y +2.9% Q-o-Q 21.8 21.2 +3.1% Q-o-Q 18.6 19.6 18.0 16.4 Jun-12 Mar-13 Jun-13 Jun-12 Mar-13 Jun-13 Mikro Finance Go Mobile 314 386 350 350 171 258 +188.2% Y-o-Y +35.1% Y-o-Y +19
Slide 30: CIMB Niaga vs Industry
CIMB Niaga vs Industry Outperform in Savings, Consumer and Commercial Loans; High Repayments in Corporate Loans Savings Mortgage, Auto and Credit Cards IDR ‘tril Industry growth : -1.0% YTD IDR ‘tril Industry growth : +10.7% Y-o-Y +15.4% YTD +12.1% Y-o-Y 34.5 43.9 29.9 39.2 Dec-12 Jun-13 Jun-12 Jun-
Slide 31: CIMB Niaga: Earnings Summary
CIMB Niaga : Earnings Summary (IDR ’bil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Net interest income 4,915 4,687 4.9% 2,485 2,430 2.3% Non interest income 1,605 1,687 (4.9%) 768 837 (8.2%) Operating income 6,520 6,374 2.3% 3,253 3,267 (0.4%) Overhead expenses (3,150) (2,989) 5.4% (1,602) (1,548) 3.5% PPOP 3
Slide 32: CIMB Niaga: Gross Loans Growth
CIMB Niaga : Gross Loans Growth Divisions / Products (IDR ’bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Retail Financial Services (30.9%) 46,624 41,436 12.5% 45,089 3.4% Mortgage 21,780 19,627 11.0% 21,160 2.9% Auto 18,555 16,372 13.3% 17,998 3.1% Credit Cards 3,582 3,170 13.0% 3,511 2.0% Others 2
Slide 33: CIMB Niaga: Deposits Growth
CIMB Niaga : Deposits Growth Divisions / Products (IDR ’bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Retail Financial Services (46.9%) 70,251 61,694 13.9% 70,694 (0.6%) Current 1,823 1,342 35.8% 1,650 10.5% Savings 33,343 29,758 12.0% 33,052 0.9% Fixed & structured deposits 35,085 30,594 14.7% 35,
Slide 34: CIMB Niaga: Key Ratios
CIMB Niaga : Key Ratios (Consolidated, %) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q ROE 18.2 20.7 18.1 18.3 NIM 5.26 5.93 5.31 5.14 Cost to Income 48.3 46.9 49.3 47.4 Loan Loss Coverage # 112.9 108.6 112.9 108.8 Allowance Coverage 98.3 82.3 98.3 91.4 Loan Loss Charge 0.6 1.0 0.5 0.8 Gross Impaired Loans Ratio
Slide 35: CIMB Niaga: Corporate Updates
CIMB Niaga : Corporate Updates Consumer Market Share IB Market Share Jun-13 Jun-12 1H13 1H12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Deposits 4.4% 5 4.6% 5 Stock Broking 6.9% 2 5.0% 5 Mortgages 9.1% 5 9.2% 5 IPO - - - - Credit Cards* 10.7% 4 9.0% 5 ECM 13.9% 3 - - M&A
Slide 36: CIMB Thai
CIMB Group : 1H13 Results CIMB Thai
Slide 37: CIMB Thai: Improving
CIMB Thai : Improving PBT Asset Quality THB ‘mil +65.8% Y-o-Y 86.1% 83.1% 655 -27.0% Q-o-Q 75.2% 395 379 276 3.5% 2.8% 2.6% 1H12 1H13 1Q13 2Q13 2Q12 1Q13 2Q13 Loan Loss Coverage* Gross NPL* Total Customer Deposits Total Loans THB ‘bil THB ‘bil +21.4% Y-o-Y +22.6% Y-o-Y +2.1% Q-o-Q +5.5% Q-o-Q 135.8
Slide 38: CIMB Thai: Earnings Summary
CIMB Thai : Earnings Summary Before GAAP Adjustments 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q (THB ’mil) Net interest income 3,031 2,463 23.1% 1,571 1,460 7.6% Non interest income 1,011 752 34.4% 497 514 (3.2%) Operating income 4,042 3,215 25.7% 2,069 1,974 4.8% Overhead expenses (2,898) (2,625) 10.4% (1,516
Slide 39: CIMB Thai: Gross Loans Growth
CIMB Thai : Gross Loans Growth Divisions / Products (THB ‘bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Retail Financial Services (38.2%) 57.6 42.4 35.9% 52.8 9.2% Mortgage 36.0 26.6 35.2% 33.2 8.4% Auto Loans 14.0 10.3 36.0% 13.0 8.2% Personal / Others 7.7 5.5 39.8% 6.6 15.1% Commercial Banking (2
Slide 40: CIMB Thai: Deposits Growth
CIMB Thai : Deposits Growth Divisions / Products (THB ‘bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Retail Financial Services (56.3%) 82.3 75.8 8.5% 84.0 (2.1%) Current 0.8 0.8 (2.0%) 0.8 1.0% Savings 22.4 16.7 33.7% 23.0* (2.7%) Fixed & structured deposits 59.1 58.3 1.4% 60.2* (1.9%) Commercial B
Slide 41: CIMB Thai: Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q ROE 5.2 4.6 4.4 6.1 NIM 3.22 3.25 3.27 3.17 Cost to Income 71.7 81.7 73.3 70.0 Loan Loss Coverage** 83.1 75.2 83.1 86.1 Loan Loss Charge 0.7 0.4 0.7 0.6 Gross NPL ratio** 2.8 3.5 2.8 2.6 Net NPL ratio** 1.9 2.2 1.9 1.8 Loan to
Slide 42: CIMB Thai: Corporate Updates
CIMB Thai : Corporate Updates Consumer Market Share IB Market Share Jun-13 Jun-12 1H13 1H12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Deposits* 1.4% 11 1.4% 9 Stock Broking 4.0% 10 2.8% 16 Mortgages** 2.0% 9 1.2% 11 IPO - - 20.8% 1 Auto~ 0.6% 15 0.5% 17 ECM - - 13.3% 4
Slide 43: Wholesale Banking
CIMB Group : 1H13 Results Wholesale Banking
Slide 44: Wholesale Banking
Wholesale Banking (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Net interest income 1,467 1,436 2.2% 745 722 3.2% Non interest income 1,055 1,254 (15.9%) 483 572 (15.7%) Operating income 2,522 2,690 (6.2%) 1,228 1,294 (5.2%) Overhead expenses (1,118) (1,082) 3.3% (551) (567) (2.6%) PPOP 1,404 1,608 (12.
Slide 45: Wholesale Banking – Investment Banking
Wholesale Banking – Investment Banking (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Net interest income 50 35 42.9% 27 23 14.7% Non interest income 553 543 1.8% 294 259 13.5% Operating income 603 578 4.3% 321 282 13.6% Overhead expenses (465) (426) 9.2% (241) (224) 7.9% PPOP 138 152 (8.7%) 80 58 35.4%
Slide 46: Wholesale Banking – Corporate Banking
Wholesale Banking – Corporate Banking (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Net interest income 815 808 0.8% 416 399 4.1% Non interest income 297 259 14.5% 123 174 (28.7%) Operating income 1,112 1,067 4.2% 539 573 (5.9%) Overhead expenses (355) (362) (2.0%) (164) (191) (14.1%) PPOP 757 705 7.3%
Slide 47: Corporate Banking – Gross Loans
Corporate Banking – Gross Loans Divisions / Products 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Malaysia (RM ’bil) 43.0 39.8 8.2% 41.8 3.0% Indonesia (IDR ’bil) 42,168 43,715 (3.5%) 42,370 (0.5%) Singapore (SGD ’bil) 3.5 2.9 17.7% 3.0 14.6% Thailand (THB ’bil) 51.0 47.7 6.8% 50.0 1.8% Total Corporate
Slide 48: Corporate Banking – Total Deposits
Corporate Banking – Total Deposits Divisions / Products 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Malaysia (RM ’bil) 86.4 73.3 17.8% 90.1 (4.1%) Indonesia (IDR ’bil) 29,098 29,735 (2.1%) 43,517 (33.1%) Singapore (SGD ’bil) 2.6 2.3 12.2% 2.3 13.3% Thailand (THB ’bil) 45.9 29.9 53.4% 41.4 10.7% Total
Slide 49: Wholesale Banking – Treasury & Markets
Wholesale Banking – Treasury & Markets (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Net interest income 602 593 1.5% 303 299 1.1% Non interest income 205 452 (54.6%) 66 139 (53.4%) Operating income 807 1,045 (22.7%) 369 438 (16.3%) Overhead expenses (298) (294) 1.6% (146) (152) (3.6%) PPOP 509 751 (32.
Slide 50: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) 1H13 1H12 1H13 1H12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Stock Broking 11.8% 1 11.9% 1 Stock Broking 6.9% 2 5.0% 5 IPO 23.1% 1 21.2% 2 IPO - - - - ECM 28.3% 2 30.2% 1 ECM 13.9% 3 - - M&A 9.0% 5 8.1% 10 M&A 8.9% 2 0.5% 12 Syndication
Slide 51: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) 1H13 1H12 1H13 1H12 ASEAN Market Market Global Market Market Rank Rank Rank Rank Share Share Share Share IPO 5.4% 7 15.6% 2 Sukuk 6.6% 4 8.5% 3 ECM 7.5% 4 15.0% 1 M&A 3.5% 16 3.9% 16 Syndication ^ 1.1% 25 6.6% 5 DCM Domestic 8.3% 2 7.6% 4 1H13 1H12 Market Market Rank
Slide 52: Notable Deals
Notable Deals DCM M&A Batu Kawan Batu Kawan Berhad SapuraKencana Petroleum Berhad Berhad RM500.0 mil Sukuk Musharakah Programme USD2.9 bil combination and integration of the respective tender rig businesses of SapuraKencana Petroleum Berhad and Seadril Limited via acquisition of the entire issued sh
Slide 53: Group Asset Management
Group Asset Management PBT (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q CIMB-P Group 32.1 26.7 20.0% 16.3 15.8 3.3% Wholesale 9.4 6.0 56.2% 5.2 4.2 22.0% Total 41.5 32.7 26.6% 21.5 20.0 7.3% Asset Under Management as at 30 Jun 2013 Wholesale AUM as at 30 Jun 2013 RM ‘mil CIMB Mapletree +28.5% Y-o-Y RM4
Slide 54: Investments
CIMB Group : 1H13 Results Investments
Slide 55: Investments
Investments (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q Net interest income 266 216 23.3% 135 131 2.9% Non interest income 818 171 380.4% 92 726 (87.3%) Total income 1,084 387 180.7% 227 857 (73.4%) Overhead expenses (659) (178) 269.8% (210) (449) (53.1%) PPOP 425 209 104.6% 17 408 (95.7%) (Provisions
Slide 56: Strategic Investments
Strategic Investments RM ’mil 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q PAT to CIMB Group 42.7 48.8 (12.4%) 26.0 16.7 56.6% Lower growth Y-o-Y due to margin squeeze and slightly higher provisions New Huludao branch will be launched on 28 Aug 2013 and new Anshan branch will be launched in 4Q13 19.99% RM ’mil 1
Slide 57: Other Highlights
CIMB Group : 1H13 Results Other Highlights
Slide 58: Insurance
Insurance PBT (RM ’mil) 1H13 1H12 Y-o-Y 2Q13 1Q13 Q-o-Q CIMB Aviva^ - 27.4 n.a. - - - CIMB Sun Life (6.7) (7.8) 13.6% (2.9) (3.9) 25.4% Others* 4.5 (0.9) n.a. 4.2 0.3 >1000% Total CIG & GID (2.3) 18.7 n.a. 1.3 (3.6) n.a. Banca Income (RM ’mil) Y-o-Y Malaysia 27.6% Indonesia 33.0% Thailand 66.7% Sing
Slide 59: CIMB Islamic
CIMB Islamic Ranking of Total Islamic Assets as at 31 Mar 2013 1H13 1H12 Sukuk Total Assets Market Market Market Rank Company Rank Rank RM ’mil Share Share Share 1 MIBB 96,786 24% Malaysia 17.0% 3 25.7% 2 2 CIMB Islamic 52,424 13% Sukuk 6.6% 4 8.5% 3 3 Bank Islam 41,105 10% 4 AmIslamic 32,528 8% 5 P
Slide 60: CIMB Singapore
CIMB Singapore PBT 1H13 1H12 RM ‘mil Market Market -11.7% Y-o-Y Rank Rank Share Share 108 +42.9% Q-o-Q Stock Broking 9.4% 2 10.9% 1 95 IPO 7.9% 5 - - 56 39 ECM 5.7% 6 0.1% 20 35 34 M&A 3.7% 12 2.5% 13 1 1 Syndication ^ 0.6% 33 3.6% 9 1H12 1H13 1Q13 2Q13 Bank Securities DCM 0.7% 13 3.8% 7 Corporate L
Slide 61: 2013 Priorities and Other Highlights
CIMB Group : 1H13 Results 2013 Priorities and Other Highlights
Slide 62: Key 2013 Priorities Round-up
Key 2013 Priorities Round-up Updates Containing BAU costs better Restructuring charge done Cost Management Malaysia MSS – 867 exits confirmed in July; more under review Deconsolidation of non-core assets WIP Capital Management Continuing DRS RWA optimisation plans Completed platform in
Slide 63: New Regional Risk Leadership
New Regional Risk Leadership Dave Richard Thomas Richard Baskerville Frederic Salomon Alan Ni Vera Handajani Group Head of the Group Chief Risk Head of Market Risk Risk Director, CIMB Operational Risk Head of Retail Risk Officer Centre of Excellence Niaga Centre of Excellence 63
Slide 64: Achievements vs Targets for 2013
Achievements vs Targets for 2013 1H13 Y-o-Y FY13 ROE 16.6% 16% TSR +4.2%>FBMKLCI > FBMKLCI Dividend 40% 40% Total Credit Growth * 13% 15% Loan loss charge 0.14 < 0.4 Total Capital (CIMB Group) 14.1% > 11% CET 1 (CIMB Group) 8.4% > 8% Leverage (CIMB Group) 5.5% < 20x Note: * Credit includes gross loa
Slide 65: Final Remarks
CIMB Group : 1H13 Results Final Remarks
Slide 66: Final Remarks
Final Remarks Weakening external macro economic environment and markets Regional Corporate Banking, MS Consumer, CIMB Singapore and Thai have momentum to continue to do well in 2H13 Treasury Markets will have to navigate market turbulence but also capitalise on new opportunities CIMB Niaga must watc
Slide 67: Thank You
THANK YOU 67
Slide 68: Appendices
Appendices ba) CIMBGROUP nn
Slide 69: Contribution by Entity
Contribution by Entity 1H13 1H12 2Q13 1Q13 Legal Entity RM ’mil % of PBT RM ’mil % of PBT RM ’mil % of PBT RM ’mil % of PBT CIMB Bank 1.307 42% 1,547 55% 714 52% 593 35% CIMB Niaga 916 30% 918 33% 460 33% 456 27% CIMB Islamic 239 8% 242 9% 134 10% 105 6% CIMB Labuan 65 2% 23 1% 47 3% 18 1% CIMB Inve
Slide 70: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes 31 Jun 12 (RM ‘mil) 31 Jun 13 Y-o-Y 31 Mar 13 Q-o-Q (Restated) Cash & short term funds 32,317 25,020 29% 36,065 (10%) Securities purchased under resale agreements 9,529 4,217 126% 11,082 (14%) Deposits & placements with financial institutions 6,734 5,005 35% 9,617
Slide 71: CIMB Niaga: Balance Sheet Changes
CIMB Niaga : Balance Sheet Changes (IDR ’bil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Placements & Other MS 30,574 24,679 23.9% 52,316 (41.6%) Government Bonds 6,577 7,862 (16.3%) 6,505 1.1% Loans (Net) 147,175 133,747 10.0% 143,250 2.7% Other Assets 17,871 13,137 36.0% 15,393 16.1% Total Assets 2
Slide 72: CIMB Thai: Balance Sheet Changes
CIMB Thai : Balance Sheet Changes Before GAAP Adjustments (THB ’mil) 30 Jun 13 30 Jun 12 Y-o-Y 31 Mar 13 Q-o-Q Placements & Other MS 11,012 10,450 5.4% 16,216 (32.1%) Government Bonds (Net) 40,486 31,353 29.1% 34,612 17.0% Loans (Net) 147,903 120,361 22.9% 140,267 5.4% Other Assets 20,475 15,214 34.
Slide 73: Asset Quality Ratios – CIMB Group
Asset Quality Ratios – CIMB Group 82.2% 84.0% 82.1% 82.3% 82.8% 82.3% 80.0% 80.8% 80.0% 79.5% 80.7% 81.1% 79.1% 84.3% 82.6% 81.1% 81.1% 81.3% 82.3% 81.9% 81.7% 79.3% 80.6% 80.4% 80.0% 78.4% 7.2% 6.6% 6.1% 5.9% 5.5% 5.7% 5.5% 5.0% 5.1% 4.8% 4.7% 4.5% 4.5% 4.4% 4.4% 4.1% 4.2% 3.9% 3.6% 3.8% 3.8% 3.5%
Slide 74: Capital Management – All Banking Entities
Capital Management – All Banking Entities Basel III Common Equity Tier Jun-131 Tier 1 Total Capital Ratio 1 Ratio CIMB Bank 2 10.1% 12.1% 13.1% CIMB Investment Bank 20.9% 20.9% 20.9% CIMB Islamic 9.1% 9.4% 13.3% CIMB Bank Group 2 8.5% 10.1% 13.2% CIMB Investment Bank Group 20.5% 20.5% 20.5% CIMB Nia
CIMB Group Holdings Berhad — H1 2013 Earnings Presentation on 6ix