Security Bank Corp. (philippines) · PSE:SECB
Security Bank Corp. (philippines) — Security Bank — H1 2023 Earnings Presentation
13 slides from Security Bank Corp. (philippines)'s earnings presentation, Aug 16, 2023
Slide 1: H1-2023 Results Highlights
H1-2023 Results Highlights By: Sanjiv Vohra, President & CEO August 16, 2023
Slide 2: Total Revenues and Net Income
Total Revenues and Net Income Net Income Total Revenues ₱4.9 Billion ₱20.6 Billion +7% 20.6 6.2 -21% 19.2 +₱1.4 B -₱1.3 B 4.9 H1-2022 H1-2023 H1-2022 H1-2023 2 Note: Numbers may not sum up due to rounding
Slide 3: Net Interest Income and Non-Interest Income
Net Interest Income and Non-Interest Income Net Interest Income ₱15.7 Billion +9% 15.7 14.4 +₱1.3 B H1-2022 H1-2023 Total Non-Interest Income Service Charges, Fees & Commissions ₱4.9 Billion 4.8 +2% 4.9 ₱2.8 Billion +7% 2.6 2.8 +₱0.1 B +₱0.2 B 2.6 2.8 0.4 2.2 1.7 (0.1) H1-2022 H1-2023 H1-2022 H1-202
Slide 4: Cost-to-Income Ratio and Operating Expense
Cost-to-Income Ratio and Operating Expense Cost-to-Income Ratio Operating Expense* 60.4% ₱12.4 Billion 55.9% 60.4% +16% 12.4 10.7 +₱1.7 B YoY growth +11% 4.2 Compensation and fringe benefits 3.8 +18% Taxes and licenses 1.7 H1-2022 H1-2023 +9% Depreciation and amortization 1.4 1.4 0.2 +16% Occupancy
Slide 5: Total Loans, Investment Securities and Deposits
Total Loans, Investment Securities and Deposits Total Loans* Loans & Investment in Corp. Bonds ₱485 Billion -1% YoY ₱544 Billion +2% 490 485 -₱5 B 533 YoY 544 +₱11 B 111 23% +19% 132 28% ** 43 60 +39% 380 -9% 490 77% 353 72% -1% 485 Jun. 30, 2022 Jun. 30, 2023 Jun. 30, 2022 Jun. 30, 2023 *Loans (net
Slide 6: Asset Quality
Asset Quality Gross NPL Ratio and NPL Reserve Cover Allowance over Total Loans 100% 3.11% 99% 92% 3.24% 3.19% 3.11% 3.28% 3.12% 3.06% Jun. 30, 2022 Mar. 31, 2023 Jun. 30, 2023 Jun. 30, 2022 Mar. 31, 2023 Jun. 30, 2023 6
Slide 7: Provisions for Credit and Impairment Losses
Provisions for Credit and Impairment Losses Provisions for Credit and Impairment Losses Provisions per Segment ₱1.6 Billion In Php millions Retail H1-2022 118 H1-2023 1,665 +290% Wholesale (689) (95) 1.6 Business Banking (200) 59 +₱1.2 B Financial Markets 3 - Others 1,176 (40) Total 408 1,589 In Php
Slide 8: Balance Sheet and Key Financial Ratios
Balance Sheet and Key Financial Ratios Total Assets Loans & Investment Securities ₱796 Billion +4% ₱704 Billion 766 796 +7% 704 +₱30 B 657 +₱47 B 64% 61% 485 490 22% 28% 167 220 14% 12% Jun. 30, 2022 Jun. 30, 2023 Jun. 30, 2022 Jun. 30, 2023 Total Liabilities CET 1 and Total CAR ROE and ROA ₱665 Bil
Slide 9: Quarterly Financial Highlights
Quarterly Financial Highlights Net Interest Income Net Interest Margin ₱8.3 Billion 8.3 4.58% 7.5 7.6 7.2 7.5 4.36% 4.20% 4.58% 3.92% 4.06% Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Total Revenues Operating Expenses* ₱10.8 Billion 10.8 ₱6.3 Billion 6.3 6.3 9.9 1
Slide 10: Quarterly Financial Highlights
Quarterly Financial Highlights Total Loans* Total Deposits ₱485 Billion ₱525 Billion -0.02% -1% QoQ 489 QoQ 485 525 -₱0.1 B 525 -₱4 B 126 26% +5% 132 28% ** 326 62% +0.6% 328 63% -4% 363 74% 353 72% 198 38% 196 37% Mar. 31, 2023 Jun. 30, 2023 Mar. 31, 2023 Jun. 30, 2023 *Loans (net of allowance); Wh
Slide 11: Quarterly Financial Highlights
Quarterly Financial Highlights Service Charges Fees & Commissions Provisions for Credit & Impairment Losses ₱1.5 Billion ₱1.0 Billion 1.5 1.3 1.3 1.4 1.3 1.2 1.2 1.0 0.6 0.3 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Pre-Provision Operating Profit Net Income ₱4.5
Slide 12: Summary
Summary 1. Net Interest Margin up +53 bps Quarter-on-Quarter and +22 bps Year-on-Year. 2. Retail and MSME Loans up +19% YoY. 3. Investment Securities up +32% YoY. 4. Service Charges, Fees & Commissions and Securities Trading Gains have helped us in Non-Interest Income. 5. Credit Cost in line with ea
Slide 13: H1-2023 Results Highlights
H1-2023 Results Highlights By: Sanjiv Vohra, President & CEO August 16, 2023