Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q1 2023 Earnings Presentation
13 slides from Mizrahi Tefahot Bank's earnings presentation, May 2023
Slide 1: Financial statements Q1/23
COO Financial statements COumMTBs
Slide 2: Disclaimer
Q1/23 Disclaimer • This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company's presentation. The information contained in this document constitutes information from the bank's 2023 quarterly reports and/ or immediate reports, as well as the periodic, quarterly
Slide 3: Macro environment
Q1/23 Macro environment GDP growth(1) Bank of Israel interest rate and inflation Known CPI – monthly change 1) 2023E-2024F according to BoI forecast from April 2023 2) Unemployment Rate in the general population, ages 25-64 excluding seasonality. 3) As of May 11, 2023 2
Slide 4: Overview of Mizrahi-Tefahot
Q1/23 Overview of Mizrahi-Tefahot Leading Israeli Bank NIS 434bn NIS 312bn NIS 348bn Total Assets1 Net Loans to the public1 Deposits from the public1 NIS 3.1bn NIS 3.8bn NIS 1.4bn Net Interest Revenue2 Total Revenue2 Net Profit2 NIS 31.6bn >7,500 204 Market Cap3 Employees4 Branches5 Significant Mark
Slide 5: Financial Highlights
Q1/23 Financial Highlights Total Assets (NISbn) Net Loans to the Public (NISbn) Deposits from the Public (NISbn) 11.5% 10.2% 434 10.4% 348 Balance Sheet 312 313 394 283 Growth Mar-22 Mar-23 Mar-22 Mar-23 Mar-22 Mar-23 (1) Excluding effect of capital gain, net from sale of assets, ROE in Q1/22 and fu
Slide 6: Asset quality (NIS mil)
Q1/23 Asset quality (NIS mil) Segment Q1/2023 Q4/2022 Q1/2022 Provisions / loans to the public Rate of Rate of Rate of Provision Provision Provision provision provision provision Housing loans 42 0.08% 11 0.02% 14 0.03% 0.29% Business 100 0.46% 136 0.64% 61 0.33% Households 85 1.25% 44 0.65% 4 0.06%
Slide 7: Profitability and efficiency
Q1/23 Profitability and efficiency Net profit (NIS mil) Return on equity Cost/income ratio
Slide 8: Continuous loan growth
Q1/23 Continuous loan growth (NIS bil) Credit to the public Business segment 31.3.23 31.3.22 % change in Housing loans 197.8 181.3 9.1 Households + private 27.3 26.6 2.3 banking Total individuals 225.1 207.9 8.3 Total businesses(1) 87.2 75.0 16.3 Total 312.3 282.9 10.4 Supervisory operating segments
Slide 9: Continuous deposit growth (NIS bil)
Q1/23 Continuous deposit growth (NIS bil) Deposits from the public (NIS bil) Core deposits(1) (NIS bil) 2015 2016 2017 2018 2019 2020 2021 2022 31.3.23 Deposits by segments Segment ■ House holds and Private banking ■ Small and micro businesses Medium businesses Large businesses, Institutional invest
Slide 10: Financing revenues from current operations continue to grow
Q1/23 Financing revenues from current operations continue to grow From Q4/2020 including Union Bank. NIS mil Q1 2023 Q1 2022 Rate of change Interest revenues, net 3,146 2,144 Non-interest financing revenues 87 117 Total financing revenues 3,233 2,261 43.0% less: Effect of the Consumer Price Index 30
Slide 11: Expenses
| Expenses Operating and other expenses (NIS mil) 1,437 1,388 Q1/2022 2022 quarterly Q1/2023 average Salaries (NIS mil) Q1/2022 1,007 ; 7 2022 quarterly Q1/2023 average 10| COumMTB
Slide 12: Equity, capital adequacy and dividend
Q1/23 Equity, capital adequacy and dividend Equity (NIS mil) Leverage ratio 23,780 24,844 2022 Q1/2023 Capital adequacy Dividend(1)(2) (NIS mil) ■ Total ratio 31.12.22 31.3.23 BoI minimum 12.50% 12.50% Dividend distributed for Q1/2023 at a rate of 30% (3) requirement: 9.60% 9.60% of the net profit o
Slide 13: Thank you
Thank you 12 I ooumiB