United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2020 Earnings Presentation
11 slides from United Overseas Bank's earnings presentation, February 2021
Slide 1: Emerging stronger from crisis
Emerging stronger from crisis CEO’s Remarks Wee Ee Cheong Deputy Chairman and Chief Executive Officer For the Financial Year / Fourth Quarter Ended 31 December 2020 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activi
Slide 2: Summary of FY2020 results
FY20 YoY Operating profit $5.0b -10% Summary Net profit $2.9b -33% of FY2020 Cost/Income ratio 45.6% +1%pt results Credit costs 57bps +39bps NPL ratio 1.6% +0.1%pt Gross customer loans $281b +5% CET1 ratio 14.7% +0.4%pt 2
Slide 3: Staying resilient to emerge stronger from the crisis
1 2020 full year performance Staying resilient to emerge stronger from the crisis
Slide 4: Our books are resilient
1 Macroeconomic outlook is improving 2 Completed extensive review of loan book Our books are resilient 3 Portfolio is resilient and well-collateralised 4 Expect reduction in credit costs in 2021 4
Slide 5: Digital investments reaping rewards
of UOB customers served via our 67% digital platforms, +8%pt vs. 20191 35% Omni-channel 1.5X Revenue2 Digital investments 32% Digital Only 0.7X Cost2,3 reaping rewards Accelerating customer acquisition and 48% of new individual customers in Thailand and Indonesia, engagement across the where we laun
Slide 6: Hardwiring sustainability in our strategy
Forging a Sustainable Future for ASEAN Balancing growth with stability Hardwiring WHOLESALE WEALTH MANAGEMENT ASSET MANAGEMENT sustainability Sustainable growth for the seven sectors driving ASEAN development: Integrated sustainability into wealth management product and advisory framework Signatory
Slide 7: Growing our own timber
5 11,800 +9% Growing our own timber Centres of People People Excellence in reskilled engagement To nurture a future- Singapore score ready workforce Continued hiring of 1,400 colleagues in Enhanced all our HR key resources in various professional capabilities: recruitment, Technology, Digital conver
Slide 8: Poised for growth
| 2 | Outlook Poised for growth
Slide 9: Our strategy remains unchanged
Our strategy remains unchanged Assets (S$b) Greater China Wholesale CAGR: +9% Develop specialised solutions for the seven sectors 46 60 that drive ASEAN’s economic growth as well as its connectivity with Greater China 2017 2020 Rest of ASEAN Driving >$1b of Retail CAGR: +9% cross-border 85 Scale our
Slide 10: Looking ahead
Our drivers of growth: • Deepening support of our existing customers • ASEAN-Greater China connectivity and flows • Digital and Omni-channel platforms across ASEAN Looking • Wealth management franchise ahead For FY21, we expect: • High single-digit loan growth • Double-digit growth in wealth fees •
Slide 11: RIGHT BY YOU
RX TT# RIGHT BY YOU