Union Bank Of The Philippines · PSE:UBP

Union Bank Of The Philippines — FY2014 Earnings Presentation

11 slides from Union Bank Of The Philippines's earnings presentation, 2014

  1. Slide 1: Financial & Operating Results

    FINANCIAL & OPERATING RESULTS PERIOD COVERED: FY2014 Justo A. Ortiz Chairman and CEO

  2. Slide 2: Net income dropped on lower trading gains, amid robust growth in core lending

    Net income dropped on lower trading gains, amid robust growth in core lending Net Income In million pesos 9,029 7% 8,408 42% 2,407 1,691 4Q2013 4Q2014* 2013 2014* *PFRS 9

  3. Slide 3: Net interest income registered hefty increase driven by continuous earning asset expansion

    Net interest income registered hefty increase driven by continuous earning asset expansion Net Interest Income In million pesos 10,784 8,874 22% 2013 2014 Earning Asset Net Interest Margin ADB in billion pesos 550 100.0% 500 89.4% 90.1% 95.0% 450 90.0% 7 400 358 85.0% 3.20% bps 350 303 80.0% 4.62% 3

  4. Slide 4: Non-interest income narrowed driven by lower trading gains; fee business partially offset

    Non-interest income narrowed driven by lower trading gains; Fee business partially offset the decrease 11,322 22% 2,553 8,883 194 2,200 -14% 2,671 170 -12% 33% 6,129 2,014 -4% 3,243 -47% 973 11 -89% 1,009 886 +3.6x 104 243 +34% 3,270 801 +22% 2,446 658 4Q2013 4Q2014 2013 2014 Service charges, fees &

  5. Slide 5: Deposits exhibited strong growth in view of low-cost build-up

    Deposits exhibited strong growth in view of low-cost build-up Deposits ADB in billion pesos 289 293 24% 312 1% 251 +2x 20 31 +55% 28 16 284 +21% 269 262 -3% 235 4Q2013 4Q2014 2013 2014 UnionBank Subsidiaries Peso CASA Deposits ADB in billion pesos 120 27.0% 26.6% 30.0% 73 85 100 68 83 10.0% 2 +2x 2

  6. Slide 6: Credit portfolio expanded on robust growth of salary loans

    Credit portfolio expanded on robust growth of salary loans Credit Portfolio – Net of Provisions ADB in billion pesos 128 13% 9% 125 117 10 -44% 111 14 -18% 18 17 32 +10% 31 +11% 29 3 28 3 3 21 +5% 3 21 21 5 3 +50% 20 5 2 -29% 5 2 +60% 7 2 40 34 +79% 25 19 14 14 15 15 4Q2013 4Q2014 2013 2014 Mortgage

  7. Slide 7: Operating expenses remained flat despite business expansion

    Operating expenses remained flat despite business expansion Operating Expense In million pesos 9,124 9,119 1,432 1,508 +5% 2,425 1,404 1,063 -24% 2,158 12% -14% 424 491 267 +5% 254 +4% 6,288 6,548 1,413 1,734 +23% 4Q2013 4Q2014 2013 2014 Core Bank Taxes Subsidiaries

  8. Slide 8: Key ratios reflected lower earning performance

    Key ratios reflected lower earning performance Return on Equity 19.1% 18.7% Revenue to Expense 2.2 2.2 2013 2014 Return on Average Asset 2013 2014 2.6% 2.1% 2013 2014

  9. Slide 9: Capital ratios remained healthy and well-above regulatory minima

    Capital ratios remained healthy and well-above regulatory minima Capital Adequacy Ratios Consolidated Basis 17.6% 12.6% 14.0% 12.0% Dec 2013 Dec 2014 CAR Common Equity Tier 1

  10. Slide 10: UBP shares trailing behind PSE and Financial indices

    UBP shares trailing behind PSE and Financial indices Re-based Stock Performance 12/31/2013 – 12/31/2014 130% 120% 110% 100% 90% 80% Source: Bloomberg, 12/31/13= 100 70% Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 UnionBank PSEi PFINC

  11. Slide 11: Financial & Operating Results

    FINANCIAL & OPERATING RESULTS PERIOD COVERED: FY2014 Justo A. Ortiz Chairman and CEO

Union Bank of the Philippines — FY2014 Earnings Presentation on 6ix