United Overseas Bank Limited · SGX:U11
United Overseas Bank — H1 2006 Earnings Presentation
12 slides from United Overseas Bank's earnings presentation, Aug 1, 2006
Slide 1: UOB Group First Half / Second Quarter 2006 Results Briefing
UOB Group First Half / Second Quarter 2006 Results Briefing “Building Regional Platform For Long-Term Growth” Wee Ee Cheong Deputy Chairman & President 1 August 2006 Disclaimer : This material that follows is a presentation of general background information about the Bank’s activities current at the
Slide 2: Panel Members
Panel Members Mr Wee Ee Cheong Deputy Chairman & President Mr Terence Ong SEVP, Global Treasury & Asset Management Mr Francis Lee SEVP, Personal Financial Services & International Mr Chong Kie Cheong SEVP, Institutional Financial Services & Private Banking Ms Susan Hwee EVP, Information Te
Slide 3: Agenda
Agenda 11 Highlights Highlights of of 1H06 1H06 Financial Financial Performance Performance 22 Key Key Markets Markets In In Review Review 33 Capital Capital Management Management 3
Slide 4: A Quick Glance At The Results
A Quick Glance At The Results 1H06 / 2Q06 / 1H06 1H05 2Q06 1Q06 1H05 1Q06 Operating Profit* $1,782m $1,140m 56.3% $1,175m $607m 93.6% Net Profit After Tax $1,571m $815m 92.8% $1,132m $439m 157.5% Basic EPS^ $1.57 $1.06 48.3% $1.58 $1.12 41.4% Cash ROE 16.7% 12.8% 30.5% 16.5% 12.0% 37.5% Dividend Per
Slide 5: Core Customer Business Remains Robust
Core Customer Business Remains Robust NPAT increased 8.3% yoy. Net interest income up 14.5% yoy due to higher loan volume and interbank money market activities. Customer loans grew 4.5% ytd. Loans margin improved 8bps yoy. Overall NIM down as we placed excess funds in the short end in view of
Slide 6: Singapore – Maintaining Our Leadership
Singapore – Maintaining Our Leadership Leadership in target segments in Consumer and SME. Customer loans and margins up. Growth in consumer loans with increased market share in mortgages. Maintained lead in cards industry. SME loans and profitability improved. Continue to expand in structured
Slide 7: Malaysia – Expanding The Franchise
Malaysia – Expanding The Franchise Pre-tax profit rose 94.1% yoy. Operating profit up 19.2% yoy. Achieved above-industry loans growth of 6.8% ytd. Good progress in fee-based business. Expect sustainable results with economic growth on track. Expanding delivery channels to better serve custom
Slide 8: Thailand – Strengthening Our Platform
Thailand – Strengthening Our Platform Pre-tax profit rose 31.5% and operating profit up 8.0% yoy. Loans growth flat reflecting a more cautious environment. Improving overall risk management framework. Upgrading and hubbing credit management systems in preparation for Basel II compliance, allow
Slide 9: Indonesia – Scaling Up
Indonesia – Scaling Up Pre-tax profit and operating profit up 2.2%* and 21.4%* yoy respectively. Loans growth of 4.8% ytd. Upgrading infrastructure and processes. Further strengthen SME and Consumer Banking businesses by leveraging on Group’s network and capabilities. Plan to comply with one
Slide 10: Overseas Expansion On Track
Overseas Expansion On Track Regionalisation efforts seeing results. Established strong SEA platform. Pre-tax profit* grew 70.4%. Operations outside ASEAN key to achieving well-balanced global portfolio. Promote synergies across countries, products and customers in expanded regional footprint.
Slide 11: Capital Management
Capital Management Completed non-core assets divestment exercises. Overall capital position strengthened by the gain on divestment and reduction in earmarked capital for non-core assets. The Board declared special dividend of 20 cents per share on top of interim dividend of 20 cents per share.
Slide 12: In Summary
In Summary Our core business remains strong. Regional expansion on track and beginning to bear fruits. We are upbeat about the region’s prospects. Confident of becoming an established regional bank by 2010. 12