United Overseas Bank Limited · SGX:U11
United Overseas Bank — H1 2019 Earnings Presentation
9 slides from United Overseas Bank's earnings presentation, Aug 2, 2019
Slide 1: First Half 2019 Results: Steady Business Momentum Backed by Solid Balance Sheet
First Half 2019 Results: Steady Business Momentum Backed by Solid Balance Sheet Wee Ee Cheong Deputy Chairman and Chief Executive Officer 2 August 2019 Discla imer: Th is mater ial that follo ws is a prese ntat io n of genera l ba ckgrou nd informat ion ab out the Ba nk’s act ivities current at the
Slide 2: Steady 1H19 Earnings Built on Strong Growth Momentum of Core Business
Steady 1H19 Earnings Built on Strong Growth Momentum of Core Business S$2.2b S$273b S$4.01b Net profit Gross customer 58% YoY after tax 59% YoY Net Interest loans 518% YoY Income S$3.2b S$4.01b 1.80% S$4.01b Net interest Net interest 58% YoY 518% YoY Net Interest income 3bp 518%YoY YoY Net Interest
Slide 3: Our Balance Sheet Remains Strong
Our Balance Sheet Remains Strong Sustained balance sheet efficiency RoRWA1 – Healthy RoRWA1 Healthy portfolio quality 1.93% 2.04% 1.95% – Non-performing loan ratio stable at 1.5% – 13bp credit cost on loans FY18 1H18 1H19 – Adequate non-performing assets reserve Current Account Saving Account Ba
Slide 4: Tapping Intra-Regional Flows through Diversification
Tapping Intra-Regional Flows through Diversification Steady income growth… … supported by diverse sources Group Wholesale Banking income (SGD b) +11%2 growth in non-Singapore income +9% 1.9 2.1 +9%2 growth in non-real estate income 1H18 1H19 RoRWA1 2.1% 1.8% +14%2 growth in non-loan income 1. Return
Slide 5: Strategic Initiatives to Tap Intra-Regional Flows
Strategic Initiatives to Tap Intra-Regional Flows Strengthened Sector Products Connectivity Specialisation and Platforms Tapping Greater China / Offering tailored Building new Southeast Asian flows solutions capabilities • Support regional needs of • Improve customer • Platform integrated into compa
Slide 6: Serving the Rising Affluent via Our Extensive In-country Presence
Serving the Rising Affluent via Our Extensive In-country Presence Gross Loans (Group Retail1): +2% YoY in 1H19 Income (Group Retail1) +7% YoY in 1H19 SGD b SGD b 108 108 4.0 106 1.9 2.1 FY18 1H18 1H19 FY18 1H18 1H19 ~60% of AUM from overseas customers2 Segment RoRWA3 +0.2%pt YoY in 1H19 Assets under
Slide 7: Leveraging Digitalisation & Partnerships for Stronger Customer Franchise
Leveraging Digitalisation & Partnerships for Stronger Customer Franchise Digital Bank: Omni-Channel Ecosystem TMRW Experience Partnerships Targeting Mobile-First & Traditional & affluent Forging collaborations to Mobile-Only Generation customers with universal widen distribution reach banking needs
Slide 8: Looking Ahead
Looking Ahead Southeast Asia’s Resilient Fundamentals Young Intra- Rising Growing regional Income Population Flows Capabilities Built Over the Years Best Position UOB to Seize Opportunities Amid Uncertainties Integrated Regional Sector Deep Local Regional Connectivity Expertise Knowledge Network Cus
Slide 9: Thank You
Thank You tt UOB RIGHT BY YOU