Malayan Banking Bhd. · MYX:MAYBANK
Malayan Banking Bhd — Q1 FY2025 Earnings Presentation
43 slides from Malayan Banking Bhd's earnings presentation, May 26, 2025
Slide 1: Investor Presentation: First Quarter FY2025 Financial Results
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Slide 2: Table of Contents
Table of Contents Executive Summary 2-7 1Q FY2025 Financial Performance 9-15 Appendix: 1. Group Performance 17-31 2. Business/Country Performance 33-41 1
Slide 3: 1Q FY2025: Net Profit Rose 4.0% YoY to RM2.59 billion
1Q FY2025: Despite External Headwinds, Net Profit Rose 4.0% YoY to RM2.59 billion on Net Operating Income Growth of 1.8% to RM7.71 billion 1Q FY2025 vs 1Q FY2024 1Q FY2025 vs 4Q FY2024 1Q FY2025 YoY Performance Highlights Net Operating Net Interest Net Operating Net Interest Income Income Margin Inc
Slide 4: Healthy Provision Coverage and Improved CASA Levels, Stable Liquidity & Capital
As at 31 Mar 2025: Healthy Provision Coverage and Improved CASA Levels, Supported by Stable Liquidity & Capital Positions As at 31 Mar 2025 Performance Highlights Group CASA Loan Loss Coverage Group Total Ratio Ratio (LLC) Capital Ratio Asset Quality 36.6% 122.9% 17.96% Healthy LLC ratio of 122.
Slide 5: Supporting Real Economy Transition and Advancing Thought Leadership in Social Impact
Supporting Real Economy Transition and Advancing Thought Leadership in Social Impact Sustainable Finance Recognised for Leadership in Sustainable Finance Innovation and ESG Excellence 1Q’25 Achievement: RM10.29 bil MARC presented the Most Innovative Sustainable Finance Deal Award to Maybank Investme
Slide 6: M25+ Progress: Continued Growth Across Most Super Growth Areas
M25+ Progress: Continued Growth Across Most Super Growth Areas 1Q FY2025 Progress Total Committed M25+ Wealth management (WM) SP5 SP7 SP13 Investments Total Islamic (Opex and Capex) 1 Supercharge overall WM via retail investment tools, go-to market outreach and Wealth Fees Wealth AUM digital platfor
Slide 7: Tapered Economic and Loans Growth Forecasts for Home Markets
Tapered Economic and Loans Growth Forecasts for Home Markets Amid Global Trade Headwinds Malaysia Singapore Indonesia 2025 Forecast Previous Current Change 2025 Forecast Previous Current Change 2025 Forecast Previous Current Change (f) (f) (f) (f) (f) (f) (f) (f) (f) (f) (f) (f) GDP 4.9% 4.1% GDP
Slide 8: Maintaining Cautiously Optimistic Outlook; 2025 Guidance
Maintaining Cautiously Optimistic Outlook Supported by Domestic Demand and Intra-ASEAN Tradeflows; Loans Growth Could Be Softer Upside Bias 2025 Guidance • Economic growth supported by domestic Loans Growth demand and investment activity 5%-6% • Clear key domestic strategic policies and Cost to Inco
Slide 9: Table of Contents
Table of Contents Executive Summary 2-7 1Q FY2025 Financial Performance 9-15 Appendix: 1. Group Performance 17-31 2. Business/Country Performance 33-41 8
Slide 10: Net Fund Based Income Grew 2.3% YoY on Improved NIM
Net Fund Based Income Grew 2.3% YoY on Improved NIM. However, Loans Growth Has Slowed to 2.2% YTD Annualised Net Fund Based Income Net Interest Margin (NIM) QoQ 2.3% (1.6)% (Ann.) 1Q’25 vs 1Q’24 1Q’25 vs 4Q’24 Trend 2.06% 2.03% 2.06% 2.04% 2.03% 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 5-Year Trend RM bill
Slide 11: Stable NoII of RM2.76 billion Supported by Growth in Wealth Fees
Stable NoII of RM2.76 billion Supported by Growth in Wealth Fees Non-Interest Income (NoII) 1Q FY2025 YoY Performance 0.8% 15.5% 1Q’25 vs 1Q’24 1Q’25 vs 4Q’24 Wealth fee rose 28.0% on higher investment and banca 2.74 2.39 2.76 income 0.05 Lower global markets income 0.78 0.35 0.90 by 4.0% on
Slide 12: Lower Group Insurance & Takaful PBT on Reduced Net Investment Income
Lower Group Insurance & Takaful PBT On Reduced Net Investment Income Attributed to MTM Losses in Equity Investments Group Insurance & Takaful Key Drivers • PBT decreased on lower net investment income attributed to PBT mark-to-market (MTM) losses in equity investments in line (RM million) with marke
Slide 13: Marginal Cost Increase of 2.3% YoY with Stable Cost-to-Income Ratio
Marginal Cost Increase of 2.3% YoY with Stable Cost-to-Income Ratio CIR and Costs 48.3% 49.7% 48.5% 1.5% 2.3% 1Q’25 vs 4Q’24 1Q’25 vs 1Q’24 M25+ related spend 3.66 3.69 3.74 as at 1Q FY2025 0.63 0.77 (RM million) 0.78 0.14 0.19 0.17 0.58 0.61 0.60 Total 95.3 RM billion Opex is: 92% 2.16 2.26 2.2
Slide 14: Continued Traction in CASA Growth; Liquidity Indicators Healthy
Continued Traction in CASA Growth in MY and SG; Liquidity Indicators Remained Healthy Deposits YTD Ann. Growth Liquidity Indicators Group Malaysia (MY) Singapore (SG) Indonesia (IDN) 1.6% 3.4% (0.2)% (24.8)% 741.9 744.9 138.4% 135.7% 134.0% 459.6 463.6 Others 103.5 95.0 118.4% 116.4% 115.8%
Slide 15: Maintaining Caution with Additional Management Overlay
Maintaining Caution with Additional Management Overlay For Potential Headwinds Development Loan ECL, NCC, and LLC Gross Impaired Loans (GIL) P&L ECL Group GIL Volume and Ratio Country GIL Volume and Ratio (RM billion) (13.6)% (17.9)% 3.66% 3.79% 4.02% 1Q’25 vs 4Q’24 1Q’25 vs 1Q’24 1.32% 1.23% 1.
Slide 16: Stable Capital Positions on Contained Group RWA Growth
Stable Capital Positions on Contained Group RWA Growth Capital Ratios Mar’25 Group Bank vs Growth (%) Dec’24 (QoQ) 18.04% 17.96% 16.79% 16.97% 15.27% 15.24% 13.89% 14.21% Group Loans 0.6% 14.90% 14.88% 13.67% 14.00% Dec 24 Mar 25 Dec 24 Mar 25 Total Group RWA 1.8% Total Capital Ratio Tier 1 Capital
Slide 17: Table of Contents
Table of Contents Executive Summary 2-7 1Q FY2025 Financial Performance 9-15 Appendix: 1. Group Performance 17-31 2. Business/Country Performance 33-41 16
Slide 18: P&L Summary: 1Q FY2025
P&L Summary: 1Q FY2025 1Q 1Q 4Q RM million YoY QoQ FY2025 FY2024 FY2024 Net fund based income * 4,952.5 4,839.8 2.3% 5,033.5 (1.6)% Non-interest income * 2,759.6 2,737.5 0.8% 2,388.5 15.5% Net operating income 7,712.2 7,577.3 1.8% 7,422.0 3.9% Overhead expenses (3,742.9) (3,657.5) 2.3% (3,687.5) 1.5
Slide 19: International & Malaysia Portfolio Mix 1Q FY2025
International & Malaysia Portfolio Mix 1Q FY2025 Net Operating Income Profit Before Tax Group Loans* 3.1% 6.1% 1Q FY2025 5.6% 4.3% (Jan 25 – Mar 25) 8.4% 5.0% 17.1% Overseas: 17.9% RM7.71 Overseas: RM3.59 Overseas: 26.2% RM678.7 31.9% billion 24.5% billion 37.2% billion 62.8% 68.1% 75.5% Malaysia Si
Slide 20: Segmental Business Portfolio Mix 1Q FY2025
Segmental Business Portfolio Mix 1Q FY2025 Net Operating Income Profit Before Tax Group Loans* 1Q FY2025 4.3% 7.6% (Jan 25 – Mar 25) 32.9% 42.2% 36.7% RM7.71 RM3.59 RM678.7 billion billion billion 59.0% 50.2% 67.1% Group Community Financial Services Group Global Banking Group Insurance & Takaful 1Q
Slide 21: Group Loans Growth: 31 March 2025
Group Loans Growth: 31 March 2025 % of 31 Dec 2024 YTD 31 Mar 2025 QoQ 31 Mar 2024 YoY Portfolio (Restated) Annualised Group Loans 678.7 675.0 0.6% 2.2% 657.8 3.2% Malaysia (RM billion) 63% 425.2 418.9 1.5% 6.0% 393.6 8.0% Community Financial Services 78% 329.7 324.1 1.7% 6.9% 303.8
Slide 22: Malaysia Loans Growth: 31 March 2025
Malaysia Loans Growth: 31 March 2025 YTD RM billion % of Portfolio 31 Mar 2025 31 Dec 2024 QoQ 31 Mar 2024 YoY Annualised Community Financial Services (reported) 78% 329.7 325.4 1.3% 5.3% 303.8 8.5% Community Financial Services (rebased)¹ 78% 329.7 324.1 1.7% 6.9% 303.8 8.5% Consumer 62%
Slide 23: Singapore Loans Growth: 31 March 2025
Singapore Loans Growth: 31 March 2025 SGD Billion % of portfolio 31 Mar 25 31 Dec 24 QoQ YTD Annualised 31 Mar 24 YoY Community Financial Services 54% 28.3 28.3 (0.1)% (0.2)% 25.3 11.7% Consumer 42% 22.1 22.1 (0.1)% (0.4)% 19.4 13.7% Mortgage 28% 14.4 14.5 (0.9)% (3.4)% 12.6 14.6%
Slide 24: Indonesia Loans Growth: 31 March 2025
Indonesia Loans Growth: 31 March 2025 IDR Billion % of portfolio 31 Mar 25 31 Dec 24 QoQ YTD Annualised 31 Mar 24 YoY Community Financial Services 67% 84.3 83.1 1.4% 5.7% 76.1 10.9% Consumer 37% 46.1 45.5 1.2% 4.7% 43.5 5.9% Mortgage 14% 17.0 17.0 0.2% 0.8% 16.2 5.1% Auto 20% 25.0
Slide 25: Group Deposits Growth: 31 March 2025
Group Deposits Growth: 31 March 2025 % of Portfolio 31 Mar 2025 31 Dec 2024 QoQ YTD Annualised 31 Mar 2024 YoY Group Deposits 744.9 741.9 0.4% 1.6% 709.0 5.1% Total CASA 272.6 270.6 0.8% 3.0% 264.5 3.1% Total Fixed Deposits 377.3 367.8 2.6% 10.4% 346.4 8.9% Malaysia (RM billion) 62
Slide 26: LDR and CASA Ratio
LDR and CASA Ratio Malaysia Group LDR CASA NSFR LCR * 138.4% 136.7% 134.2% 134.0% 135.7% 118.4% 114.1% 114.1% 116.4% 115.8% 91.1% 91.8% 92.4% 89.3% 91.1% 92.6% 94.5% 93.8% 90.7% 90.9% 43.5% 44.2% 38.1% 36.2% 41.2% 42.2% 42.2% 37.3% 36.5% 36.6% Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Mar 2024 Ju
Slide 27: RWA Optimisation and Funding Management
RWA Optimisation and Funding Management Group Loans & Group RWA Funding Breakdown Operational RWA Market RWA Credit RWA Gross Loans Borrowings and Capital Instruments by Currency 678.7 FI Deposits, 6% 675.0 Equity, 9% 454.4* USD, 32% 446.5* 50.8 Repo, 4% 46.1 IDR, 6% 21.5 Borrowings, 4% RM50.0 21.8
Slide 28: Asset Quality
Asset Quality Allowances for losses on loans GIL Ratio Composition P&L ECL Mar Jun Sep Dec Mar 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 (RM million) 2024 2024 2024 2024 2025 Stage 1, net 72 (9) (78) (247) (130) Non Performing Loans 1.07% 1.01% 0.99% 0.98% 0.97% (NPL) Stage 2, net 223 (19) (
Slide 29: Asset Quality by Line of Business in Home Markets
Asset Quality by Line of Business in Home Markets Consumer GIL Ratios Mortgage Auto Finance Credit Cards 1.00% 4.99% 0.92% 0.89% 0.91% 1.64% 4.84% 0.85% 4.53% 4.10% 4.08% 0.68% 0.70% 0.76% 1.32% 1.34% 0.63% 0.66% 1.14% 1.19% 1.43% 0.58% 0.57% 0.59% 0.54% 0.57% 1.20% 1.10% 1.17% 1.01% 0.18% 0.06% 0.0
Slide 30: Specific Asset Exposures as at 31 March 2025
Specific Asset Exposures as at 31 March 2025 Oil & Gas Loan and Fixed Income Securities Exposures Real Estate Loan Exposure to Non-Retail Borrowers to Non-Retail Malaysian Borrowers Country Exposure Borrowers’ Status 19.3% High Rise Residential RM35.2 billion 15.7% Landed Residential Malaysia 1.65%
Slide 31: Income Statement for Insurance and Takaful Business
Income Statement for Insurance and Takaful Business RM million 1Q FY2025 1Q FY2024 YoY 4Q FY2024 QoQ Net interest income 417.9 431.3 (3.1)% 426.7 (2.0)% Insurance/takaful service result 354.3 128.0 >100% 204.5 73.2% Other operating income (300.4) 584.1 (>100)% 261.8 (>100)% Total operating income 47
Slide 32: Key Operating Ratios
Key Operating Ratios % 1Q FY2025 1Q FY2024 YoY 4Q FY2024 QoQ Return on Equity 3 11.3 10.8 0.5 11.2 0.1 3 Net Interest Margin (bps) 2.04 2.03 1 bps 2.06 (2) bps Fee to Income Ratio 35.8 36.1 (0.3) 32.2 3.6 1 Loans-to-Deposit Ratio 90.9 92.6 (1.7) 90.7 0.2 Cost to Income Ratio 48.5 48.3 0.2 49.7 (1.2)
Slide 33: Table of Contents
Table of Contents Executive Summary 2-7 1Q FY2025 Financial Performance 9-15 Appendix: 1. Group Performance 17-31 2. Business/Country Performance 33-41 32
Slide 34: Market Share Overview for Community Financial Services Malaysia
Market Share Overview for Community Financial Services Malaysia Market share Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 Loans Total consumer 19.0% 19.1% 19.2% 19.3% 19.4% Auto (Retail Hire Purchase) 29.8% 29.7% 29.6% 29.6% 29.3% Total mortgage * 15.5% 15.7% 15.9% 16.1% 16.3% Credit cards ** 21.8% 22.0% 21.6
Slide 35: Sustained Digital Banking Leadership with Strong Digital Payments Growth
Sustained Digital Banking Leadership with Strong Digital Payments Growth Data as at Mar 2025 From Malaysia’s digital transaction volume Group (i.e.: MY, SG, ID, PH, KH) In Malaysia: SME Digital Financing RM4.37 bil approved loans since its launch in Sep’20 SME Digital Accounts Mobile & Internet Mobi
Slide 36: Overview: Group Wealth Management & Group Securities Portfolios
Overview: Group Wealth Management & Group Securities Portfolios Group Wealth Management Group Securities Portfolio Total Financial Assets grew 13.3% YoY to RM545.5 billion on Group Securities Portfolio¹ declined 0.9% YoY investments and loans growth +13.3% YoY 271.6 270.8 269.1 +1.7% QoQ 13.1 13
Slide 37: Overview of Group Investment Banking Portfolio
Overview of Group Investment Banking1 Portfolio 1Q 2025 Total Income Breakdown by Country 1Q 2025 Non-Interest Income for Malaysia Hong Kong Arranger and Vietnam 3% upfront fees 5% 19% Indonesia 4% Malaysia Others Thailand 44% 15% 15% RM379.3m Placement and RM68.4m related fees 6% Brokerage Singapor
Slide 38: Islamic Banking: Performance Overview
Islamic Banking: Performance Overview Group Islamic Banking Financial Performance1 Maybank Islamic: Total Financing2 grew 10.1% YoY to RM300.6 billion Mar 25 +17.5% RM million 1Q FY2025 1Q FY2024 YoY Mar 24 Total Income 2,132.2 2,104.3 1.3% +5.1% +7.7% Profit Before Tax and Zakat 1,137.3 819.3 38
Slide 39: Islamic Banking: Market Share
Islamic Banking: Market Share Maybank Islamic Market Share1 Market Share by Key Products (Malaysia)1 30.8% 30.7% 30.8% 30.1% 30.3% 44.6% 28.4% 38.0% Automobile Home Term Financing Financing Financing 27.9% Mar 25 Mar 25 Mar 25 27.7% 27.6% 27.0% 26.6% Mar 24: 46.3% Mar 24: 26.9% Mar 24: 28.1% Mar 24
Slide 40: Insurance and Takaful: Performance Overview
Insurance and Takaful: Performance Overview Net Adjusted Premium/Contribution Life & Family (New Business) Market Share (Malaysia) Single Premium (10.1)% 20.0% 18.5% 19.2% 19.6% Regular Premium 2.2% 15.7% 15.5% 17.6% 18.5% Credit Premium (15.4)% 12.2% 12.5% 12.1% 13.4% No. 3 Group Premium 12.7
Slide 41: Maybank Singapore: P&L Summary
Maybank Singapore: P&L Summary SGD million 1Q FY2025 1Q FY2024 YoY 4Q FY2024 QoQ Net fund based income 193.07 160.80 20.1% 199.70 (3.3)% Non-interest income 143.51 145.86 (1.6)% 140.51 2.1% Net income 336.58 306.66 9.8% 340.22 (1.1)% Overhead expenses (163.76) (144.09) (13.7)% (163.55) (0.1)% Operat
Slide 42: Maybank Indonesia: P&L Summary and Financial Ratios
Maybank Indonesia: P&L Summary and Financial Ratios 1Q 1Q 4Q Key Operating IDR billion YoY QoQ Mar 25 Dec 24 Mar 24 YoY FY2025 FY2024 FY2024 Ratios Net Fund Based income 1,778 1,753 1.4% 1,776 0.1% Profitability & Efficiency Non-Interest income 571 370 54.3% 725 (21.3)% ROA 1.07% 0.85% (0.60)% 1.67%
Slide 43: Htunantsin
Htunantsin Financial Services Maybank @Mymaybank £) @Maybank & @Mymaybank (in) @Maybank
Malayan Banking Berhad (Maybank) — Q1 FY2025 Earnings Presentation on 6ix