United Bank Limited · PSX:UBL
United Bank — H1 2022 Earnings Presentation
25 slides from United Bank's earnings presentation, 2022
Slide 1: United Bank Limited Investor Presentation H1 2022 Financial Summaries
United Bank Limited Investor Presentation H1 2022 Financial Summaries
Slide 2: Financial Summaries Income Statement Domestic H1'22
Financial Summaries Income Statement Domestic H1’22 Rs in bln Rs in bln Description Var % Var % H1'22 H1'21 Q2'22 Q1'22 Interest Earned 96.7 62.5 55% 51.7 45.0 15% Interest Expensed (56.1) (31.2) -80% (30.4) (25.7) -18% Net Interest Income 40.6 31.3 30% 21.3 19.3 10% Non Interest Income 13.4 8.6 56%
Slide 3: Non Fund Income (Domestic, International and Bank Level)
Financial Summaries Non Fund Income (Domestic, International and Bank Level) Rs in mln Rs in mln Description Var % Var % H1'22 H1'21 Q2'22 Q1'22 Fee, commission and brokerage income 6,797 5,853 16% 3,354 3,443 -3% Dividend income 1,258 880 43% 356 902 -61% Income from dealing in foreign currencies 4
Slide 4: Fee, Commission and Brokerage (Domestic, International and Bank Level)
Financial Summaries Fee, Commission and Brokerage (Domestic, International and Bank Level) Rs in mln Description Var % H1'22 H1'21 Branch banking customer fees 922 643 43% Consumer finance related fees 547 460 19% Card related fees (debit and credit cards) 1,484 1,120 32% Investment banking fees 192
Slide 5: Administrative Expenses (Domestic, International and Bank Level)
Financial Summaries Administrative Expenses (Domestic, International and Bank Level) Rs in mln Description Var % H1'22 H1'21 Total compensation expenses 8,098 7,052 -15% Rent and taxes 355 374 5% Utilities cost 924 652 -42% Security 573 477 -20% Depreciation 592 388 -53% Depreciation - Right of Use
Slide 6: Administrative Expenses (Domestic, International and Bank Level)
Financial Summaries Administrative Expenses (Domestic, International and Bank Level) Rs in mln Description Var % H1'22 H1'21 Legal and professional charges 161 120 -34% Outsourced service costs including sales commission 1,508 1,327 -14% Banking service charges 1,301 872 -49% Cash transportation and
Slide 7: Consolidated Results H1'22
Consolidated Results H1’22 7
Slide 8: Consolidated Results Income Statement H1'22
Consolidated Results Income Statement H1’22 Rs in bln Rs in bln Description Var % Var % H1'22 H1'21 Q2'22 Q1'22 Interest Earned 105.8 69.8 52% 56.5 49.3 15% Interest Expensed (58.9) (33.5) -76% (31.9) (27.0) -18% Net Interest Income 47.0 36.3 29% 24.6 22.4 10% Non Interest Income 15.7 11.8 33% 9.0 6
Slide 9: Consolidated Results Balance Sheet June 2022
Consolidated Results Balance Sheet June 2022 Rs in bln Description Var % Jun'22 Dec'21 Advances 808 767 5% Investments 1,705 1,521 12% Lendings to Financial Institutions 98 52 87% Others 442 441 0% Total Assets 3,053 2,781 10% Deposits 2,148 1,886 14% Borrowings 555 565 -2% Subordinated Debts 10 10
Slide 10: 6 Year Performance Review
GBL 6 year Performance Review where you come first
Slide 11: 6 Year Financial Summary
6 Year Financial Summary Rs. in mlns 2021 2020 2019 2018 2017 2016 Assets Cash and balances with treasury and other banks 291,300 264,727 256,591 206,813 177,099 146,428 Lending to financial institutions 51,701 19,959 20,183 33,942 10,868 25,711 Investments- gross 1,504,689 1,138,018 849,441 792,857
Slide 12: 6 Year Financial Summary
6 Year Financial Summary Rs. in mlns 2021 2020 2019 2018 2017 2016 Markup / return / interest earned 147,974 152,003 153,676 113,198 107,206 98,219 Markup / return / interest expensed (76,216) (77,044) (91,902) (56,964) (50,781) (41,177) Net Markup / Interest income 71,759 74,959 61,774 56,234 56,42
Slide 13: 6 Year Financial Summary
6 Year Financial Summary Description 2021 2020 2019 2018 2017 2016 Key Financial Ratios Return on equity (RoE) 19.1% 13.9% 13.8% 11.6% 20.6% 24.9% Return on assets (RoA) 1.3% 1.1% 1.0% 0.8% 1.4% 1.8% Profit before tax ratio 54.8% 37.1% 41.0% 30.7% 50.8% 57.1% Advances to deposits ratio (ADR) - gross
Slide 14: Quarterly Trends
GBL Quarterly Trends where you come first
Slide 15: Quarterly Trends Profit before Tax
Quarterly Trends Profit before Tax Rs in bln 18.4 15.8 +16% 13.5 +57% 13.7 13.5 12.8 +24% 11.8 +23% 12.2 11.3 10.8 10.4 11.2 +12% 10.4 -2% -5% 8.8 9.2 8.8 8.4 8.4 8.5 8.3 7.9 7.6 7.7 6.5 5.9 +6% -26% +1% 4.1 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4
Slide 16: Quarterly Trends Profit after Tax
Quarterly Trends Profit after Tax Rs in bln 9.5 +17% +5% +53% 8.1 7.6 7.8 7.3 7.3 +25% 7.4 7.0 7.0 +2% 6.4 6.3 6.3 +3% 6.0 5.9 +7% +3% 5.5 5.4 4.9 5.1 4.7 4.7 4.8 4.2 3.6 3.5 -26% 2.6 -76% 2.3 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20
Slide 17: Quarterly Trends Deposits
Quarterly Trends Deposits Rs in bln +13% 1,975 +1% +4% 1,850 1,810 +6% 1,751 1,775 +11% +2% 1,640 1,637 1,589 1,581 -2% 1,493 1,448 1,419 1,467 -3% 1,335 1,366 1,344 0% 0% 1,301 1,315 1,256 1,254 1,273 1,142 1,147 1,167 1,183 1,070.1 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18
Slide 18: Quarterly Trends Net Advances
Quarterly Trends Net Advances Rs in bln 716 +1% 0% 675673 +14% 656 658 646 627 624 642 626 636 623 +2% 636 585 +3% 565 567 -2% +2% 557 567 538 530 541 509 519 498 -6% 496 -8% -1% 447 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'
Slide 19: Quarterly Trends Revenue
Quarterly Trends Revenue Rs in bln +12% 31.6 +17% +18% 28.3 26.0 +5% +9% +2% +5% 23.9 24.2 23.2 22.6 21.9 22.4 22.0 21.3 20.6 24.5 21.2 21.2 20.9 20.8 -1% 20.0 20.4 20.3 20.0 19.6 -11% 19.2 19.0 18.1 17.9 -10% Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19
Slide 20: Quarterly Trends Net Interest Income
Quarterly Trends Net Interest Income Rs in bln +10% +26% +19% 23.6 21.8 -12% 21.5 +8% +2% 19.1 18.2 18.6 18.1 +6% +1% 17.3 16.4 16.7 16.9 15.7 15.3 15.4 -3% 14.7 14.0 14.3 14.2 14.2 13.9 14.2 13.8 14.4 -12% 13.6 13.7 13.7 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19
Slide 21: Quarterly Trends Non Fund Income
Quarterly Trends Non Fund Income Rs in bln 8.4 +17% 7.9 7.3 7.2 +11% 7.0 6.8 +4% +42% 6.3 +4% 6.1 6.0 6.1 5.8 5.6 5.7 5.6 5.9 +5% 5.2 5.1 5.2 5.0 -2% 4.7 4.5 4.5 4.3 4.1 4.1 3.8 -9% -4% -1% Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3
Slide 22: Quarterly Trends Provision Charge / (Reversals)
Quarterly Trends Provision Charge / (Reversals) Rs in bln +55% -5% 5.7 5.5 5.5 +114% 3.7 2.9 3.2 2.6 2.0 2.1 1.9 2.1 1.7 1.9 1.3 -20% -66% -81% +164% 0.6 0.4 0.3 0.4 +26% 0.3 0.1 -0.3 -0.3 -0.3 -0.5 -0.5 -0.4 -225% -65% Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2
Slide 23: Quarterly Trends Administrative Expenses
Quarterly Trends Administrative Expenses Rs in bln +6% 12.4 +11% 11.7 +5% +6% 11.0 11.0 +5% 10.7 10.3 +2% 10.3 11.5 +2% 9.9 10.0 9.9 11.0 9.6 9.7 9.2 9.5 9.0 9.9 8.8 8.8 8.7 8.4 8.5 +2% 8.2 -14% -11% 7.8 7.4 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4
Slide 24: Deposits and Branch Banking
Deposits and Branch Banking With our vast scale and presence, we remain systematically important Global Branch Network No. of deposit accounts (000’s) 1,379 1,379 1,376 6,191 6,634 6,701 1,370 5,289 5,696 1,359 4,394 4,859 1,349 1,348 2016 2017 2018 2019 2020 2021 Jun'22 2016 2017 2018 2019 2020 202
Slide 25: Important Information
Important Information The information contained herein reflects our latest business statement as at June 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 expres