Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — H1 2024 Earnings Presentation
19 slides from Union Bank Of Taiwan's earnings presentation, Aug 6, 2024
Slide 1: Financial Results of 1H24
Union Bank of Taiwan Financial Results of 1H24 August 6, 2024 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 1H24
Financial Highlights of 1H24 Steady growth of business Net income for the month ended June 30, 2024, was 2,732 million, increased 9.28% YoY, Operating revenue was 9,937million, increased 8.98% YoY. EPS was 0.55 in 1H24, compare with 0.53 in 1H23 , increased 3.77% YoY. Net interest income was
Slide 4: Revenue and profit- Consolidated
Revenue and profit- Consolidated NT$ mn, % Items 2Q24 2Q23 Diff. %* Net interest income 3,978 4,274 -6.93% Net fee income 1,851 1,740 +6.38% Net other income 4,108 3,104 +32.35% Operating revenue 9,937 9,118 +8.98% Pre-Tax Income 3,141 2,947 +6.58% Net Income 2,732 2,500 +9.28% EPS (in NT$dollar) 0.
Slide 5: Net Revenue Breakdown- Consolidated
Net Revenue Breakdown- Consolidated NT$ mn NT$ mn, % 15,985 17,935 9,937 16,689 9,937 17.65% 9,118 29.80% 34.97% 41.34% 20.78% 18.30% 18.46% 18.63% 61.57% 51.90% 46.57% 40.03% 2Q23 2Q24 2021 2022 2023 2Q24 NII% Fee Income% Other Income% Operating Revenue 2Q24 are un-audited numbers 5
Slide 6: Financial Performance- Consolidated
Financial Performance- Consolidated NT$ mn Operating Revenue 17,935 16,689 15,985 9,937 2021 2022 2023 2Q24 Net Income NT$ mn EPS NT$ dollar 4,463 4,321 1.11 3,542 1.02 0.81 2,732 0.55 2021 2022 2023 2Q24 2021 2022 2023 2Q24 2Q24 are un-audited numbers 6
Slide 7: Operating revenue analysis- Alone
Operating revenue analysis- Alone NT$ mn,% 38.69% 33.57% 31.14% 30.92% 18.26% 21.07% 11.21% 9.36% Corporate 5.82% Business, 18.26% Consumer Business, Corporate Consumer -0.04% Investment Others Trust & Ｗealth 33.57% Business Business Mgmt. Corporate Business 2Q24 2Q23 Others, 31.14% Consumer Busines
Slide 8: Business Performance
Business Performance NT$ mn, % 201 欄 Items 2024.6.30 2023.6.30 Diff.Amt Diff. % 9.63 1 Total deposits (avg. bal.) 778,841 734,245 44,596 6.07% Demand deposits 345,536 322,602 22,934 7.11% Time deposits 331,072 310,231 20,841 6.72% Foreign exchange deposits 102,233 101,412 821 0.81% Total Loans (avg.
Slide 9: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$ 778.8 billion NT$ bn Foreign exchange deposits, 13.12% 345.5 331.1 322.6 310.2 Time deposits, 42.51% Demand deposits, 44.37% 102.2 101.4 Demand deposits Time deposits Foreign exchange deposits 6M24 6M23 Preliminary figures of Jun. 202
Slide 10: Deposits balance steady growth
Deposits balance steady growth Demand Deposits Time Deposits NT$ mn 374,133 381,098 393,496 404,823 364,410 360,144 312,838 326,910 354,939 354,210 351,914 338,914 Dec. 2021 Jun. 2022 Dec. 2022 Jun. 2023 Dec. 2023 Jun. 2024 Dec. 2021 Jun. 2022 Dec. 2022 Jun. 2023 Dec. 2023 Jun. 2024 Total Deposits D
Slide 11: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$576.4 billion NT$ bn Large Corporate, Government, 427.9 1.4% 396.6 0.7% SME, 23.7% 136.4 131.5 Individual, 8.1 7.3 4.0 11.1 74.2% Government Large SME Individual Corporate Preliminary figures of Jun. 2024 6M24 6M23 11
Slide 12: Loans balance steady growth
Loans balance steady growth Corporate Loans Consumer Loans NT$ mn 359,910 350,199 335,657 317,712 302,023 285,910 215,967 223,296 210,124 201,012 185,786 166,979 2021 6M22 2022 6M23 2023 6M24 2021 6M22 2022 6M23 2023 6M24 Government Loans is excluded from Corporate Loans. Preliminary figures of
Slide 13: Business Performance
Business Performance Cards, NT$ Mn,% Jan. to Jun. Jan. to Jun. Items Diff. Amt Diff. % 2024 2023 Valid cards in 6 months 1,891,236 1,558,805 332,431 21.33% Cards outstanding 2,876,100 2,613,324 262,776 10.06% Operating income 2,599 2,410 189 7.84% Value of transactions 99,669 75,663 24,006 31.73% Ac
Slide 14: Credit Card Business Breakdown
Credit Card Business Breakdown Active Cards Thousand Card,% Cards Consumption NT$ mn 5.20% 4.93% 2,000 5.10% 200,000 4.10% 4.70% 3.90% 3.87% 1,891 4.52% 1,559 4.60% 4.70% 1,776 1,500 150,000 1,335 1,378 4.09% 3.85% 4.10% 3.27% 3.27% 3.22% 4.20% 1,300 1,000 3.60% 100,000 3.60% 172,072 99,890 3.70% 50
Slide 15: NIM and Spread- Alone
NIM and Spread- Alone 2.81% 2.70% 1.33% 2.11% 1.28% 1.86% 1.21% 1.52% 1.19% 1.45% 1.42% 1.33% 1.39% 1.25% 0.53% 0.59% 2021 2022 2023 2Q24 2021 2022 2023 2Q24 Overall Lending Rate Overall Deposit Rate Interest Spread NIM 2Q24 are un-audited numbers 15
Slide 16: Assets Quality
Assets Quality NPL NPL Ratio NT$ mn,% 0.30% 1800 0.27% 1600 1,752 0.24% 1400 1,562 1200 1,293 1000 800 0.10% 600 400 499 200 0 2021 2022 2023 2Q24 2021 2022 2023 2Q24 2Q24 are un-audited numbers 16
Slide 17: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, % 7,500 7,054 1200.00% 7,000 6,874 6,500 1081.30% 6,224 1000.00% 6,000 5,396 968.74% 5,500 811.56% 5,000 910.46% 800.00% 4,500 776.24% 4,000 600.00% 3,500 481.40% 402.56% 3,000 439.98% 2,500 400.00% 2,000 1,500 200.00% 1,000 500 0 0.00% 2021 2022 2023 2Q24 Allowance f
Slide 18: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2021 2022 6M23 2023 6M24 Risk Weighted Assets 407,195,710 444,044,885 483,094,821 497,090,004 538,818,936 Common share 45,523,219 44,397,652 46,858,607 50,089,913 52,777,517 Other tier 1 capital 12,552,479 13,000,000 13,000,000 13,000,000 13,000,000
Slide 19: Capital Adequacy Ratio
Capital Adequacy Ratio 16.08% 14.95% 14.73% 14.43% 14.30% 1.82% 2.02% 2.04% 2.04% 2.09% 3.08% 2.93% 2.69% 2.61% 2.41% 11.18% 10.00% 9.70% 10.08% 9.80% 2021 2022 6M23 2023 6M24 CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio Preliminary figures of Jun. 2024 BIS of Union Bank standalone. 19