Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — Q3 2022 Earnings Presentation
19 slides from Union Bank Of Taiwan's earnings presentation, Nov 11, 2022
Slide 1: Financial Results of 3Q22
Union Bank of Taiwan Financial Results of 3Q22 November 11th, 2022 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 3Q22
Financial Highlights of 3Q22 Steady growth of business Net income for the month ended September 30, 2022, was 2,362 million, compare with 3,570 million in 3Q21, decreased 33.84% YoY, Operating revenue was 11,325 million, compare with 12,410 million in 3Q21 , decreased 8.74% YoY. EPS was 0.52 i
Slide 4: Revenue and profit- Consolidated
Revenue and profit- Consolidated NT$ mn, % Items 3Q22* 3Q21 Diff. % Net interest income 7,476 6,436 +16.16% Net fee income 2,430 2,190 +10.96% Net other income 1,419 3,784 -62.50% Operating revenue 11,325 12,410 -8.74% Pre-Tax Income 3,096 4,073 -23.99% Net Income 2,362 3,570 -33.84% EPS (in NT$doll
Slide 5: Net Revenue Breakdown- Consolidated
Net Revenue Breakdown- Consolidated NT$ mn NT$ mn, % 13,866 14,430 12,410 16,689 11,325 12,410 12,000 11,325 12.53% 33.69% 27.50% 30.49% 29.80% 21.46% 9,000 19.55% 17.65% 18.30% 19.59% 6,000 66.01% 3,000 46.72% 52.95% 51.86% 51.90% 0 3Q21 3Q22 2019 2020 3Q21 2021 3Q22 NII% Fee Income% Other Income%
Slide 6: Financial Performance- Consolidated
Financial Performance- Consolidated NT$ mn Operating Revenue 16,689 13,866 14,430 11,325 2019 2020 2021 3Q22 Net Income NT$ mn EPS NT$ dollar 4,463 1.21 3,371 3,442 0.93 0.90 2,362 0.52 2019 2020 2021 3Q22 2019 2020 2021 3Q22 3Q22 are un-audited numbers 6
Slide 7: Operating revenue analysis- Alone
Operating revenue analysis- Alone NT$ mn,% 43.23% 35.22% 30.41% 20.98% 22.24% 20.66% 14.85% 9.43% 7.03% Corporate Business Consumer Business Trust & Ｗealth Investment Others -4.05% Mgmt. 3Q22 3Q21 3Q22 3Q21 Items Diff.Amt revenues revenues Corporate Business 1,999 1,572 427 Consumer Business 4,118 3
Slide 8: Business Performance
Business Performance NT$ mn, % 201 欄 Items 2022.9.30 2021.9.30 Diff.Amt Diff. % 9.63 1 Total deposits (avg. bal.) 699,060 649,658 49,402 7.60% Demand deposits 321,947 301,509 20,438 6.78% Time deposits 288,236 262,963 25,273 9.61% Foreign exchange deposits 88,877 85,186 3,691 4.33% Total Loans (avg.
Slide 9: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$699.0 billion NT$ bn Foreign exchange deposits, 12.72% 321.9 301.5 288.2 263.0 Time deposits, 41.23% Demand deposits, 46.05% 88.9 85.2 Demand deposits Time deposits Foreign exchange deposits 9M22 9M21 Preliminary figures of Sep. 2022 9
Slide 10: Deposits balance steady growth
Deposits balance steady growth Demand Deposits Time Deposits YOY YOY NT$ mn +9.8% + 3.94% 364,410 350,763 343,920 337,461 284,694 306,037 246,764 313,233 312,838 305,737 307,766 292,443 Dec. 2019 Sep. 2020 Dec. 2020 Sep. 2021 Dec. 2021 Sep. 2022 Dec. 2019 Sep. 2020 Dec. 2020 Sep. 2021 Dec. 2021 Sep.
Slide 11: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$528.9billion NT$ bn Government, Large Corporate, 367.7 7.1% 320.6 1.1% SME, 22.2% 117.5 96.8 Individual, 37.8 69.6% 25.2 5.9 5.2 Government Large SME Individual Corporate Preliminary figures of Sep. 2022 9M22 9M21 11
Slide 12: Loans balance steady growth
Loans balance steady growth Corporate Loans Consumer Loans NT$ mn 312,840 288,263 192,141 274,762 239,643 249,749 157,889 164,626 219,456 142,733 134,599 139,420 2019 9M20 2020 9M21 2021 9M22 2019 9M20 2020 9M21 2021 9M22 Government Loans is excluded from Corporate Loans. Preliminary figures of
Slide 13: Business Performance
Business Performance Cards, NT$ Mn,% Jan. to Sep. Jan. to Sep. Items Diff. Amt Diff. % 2022 2021 Valid cards in 6 months 1,346,989 1,289,698 57,291 4.44% Cards outstanding 2,364,561 2,207,397 157,164 7.12% Operating income 2,995 2,732 263 9.63% Value of transactions 81,210 73,704 7,506 10.18% Value
Slide 14: Credit Card Business Breakdown
Credit Card Business Breakdown Active Cards Thousand Card,% Cards Consumption NT$ mn 1,360 120,000 4.20% 4.05% 3.85% 3.87% 3.40% 3.97% 4.01% 1,340 3.27% 3.24% 3.27% 100,000 3.89% 3.20% 4.00% 1,320 3.17% 3.20% 80,000 3.80% 1,300 2.85% 60,000 1,347 1,280 3.00% 99,456 102,223 3.60% 1,316 1,323 92,555 8
Slide 15: NIM and Spread- Alone
NIM and Spread- Alone 1.51% 1.47% 1.38% 1.41% 1.33% 2.15% 1.98% 2.00% 1.88% 1.86% 1.32% 1.24% 1.21% 1.21% 1.21% 0.77% 0.58% 0.53% 0.49% 0.41% 2019 2020 3Q21 2021 3Q22 2019 2020 3Q21 2021 3Q22 Overall Lending Rate Overall Deposit Rate Interest Spread NIM 3Q22 are un-audited numbers 15
Slide 16: Assets Quality
Assets Quality NPL NPL Ratio NT$ mn,% 900 800 0.15% 0.15% 0.15% 829 0.14% 0.14% 700 703 600 583 606 0.10% 500 573 499 400 300 200 100 0 2019 3Q20 2020 3Q21 2021 3Q22 2019 3Q20 2020 3Q21 2021 3Q22 3Q22 are un-audited numbers 16
Slide 17: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, NT$ mn,% % 6,500 6,086 1200.00% 6,000 5,351 5,396 5,500 1000.00% 5,000 4,778 1081.30% 847.07% 4,500 4,299 788.94% 800.00% 4,000 749.68% 761.32% 734.23% 776.24% 3,500 680.68% 623.24% 600.00% 3,000 651.78% 2,500 400.00% 2,000 1,500 1,000 200.00% 500 0 0.00% 2019 2020 3Q
Slide 18: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2019 2020 9M21 2021 9M22 Risk Weighted Assets 376,603,339 411,994,724 408,035,132 407,195,710 448,328,144 Common share 37,440,298 40,774,470 43,974,396 45,523,219 42,267,423 Other tier 1 capital 11,559,375 12,096,138 12,572,514 12,552,479 13,000,000
Slide 19: Capital Adequacy Ratio
Capital Adequacy Ratio 15.69% 16.08% 14.70% 14.80% 14.30% 1.83% 1.82% 1.69% 1.97% 1.97% 3.08% 3.08% 3.07% 2.93% 2.90% 10.78% 11.18% 9.94% 9.90% 9.43% 2019 2020 9M21 2021 9M22 CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio Preliminary figures of Sep. 2022 and Sep. 2021 BIS of Union Bank standalone. 1