United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2018 Earnings Presentation
9 slides from United Overseas Bank's earnings presentation, Feb 22, 2019
Slide 1: Full Year 2018 Results: Record Earnings Supported by Strong Balance Sheet
Full Year 2018 Results Record Earnings Supported by Strong Balance Sheet Wee Ee Cheong Deputy Chairman and Chief Executive Officer 22 February 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 date
Slide 2: Record FY18 Earnings Built on Solid Growth Momentum of Core Business
Record FY18 Earnings Built on Solid Growth Momentum of Core Business S$4.0b S$262b S$4.01b Net profit Gross customer 518% YoY after tax 511% YoY Net Interest loans 518% YoY Income S$6.2b S$4.01b 1.82% S$4.01b Net interest Net interest 513% 518%YoY YoY Net Interest income 5518% 5bp YoY YoY Net Intere
Slide 3: Disciplined Balance Sheet Management
Disciplined Balance Sheet Management Improved balance sheet efficiency Balance Sheet Efficiency a Key Priority – Stronger RoRWA1 driven by RoRWA1 higher profit 1.51% 1.63% 1.93% Healthy portfolio quality – NPL ratio improved to 1.5% in 2018 FY16 FY17 FY18 – 16bp credit cost on loans lower YoY RW
Slide 4: Tapping Intra-Regional Flows through Diversification
Tapping Intra-Regional Flows through Diversification Strong income & RoRWA1 growth… ... supported by diverse sources By geography By product By sector +11% +17% +15% +11% 2.4 3.9 2.1 2.2 1.9 3.5 1.8 1.7 FY17 FY18 FY17 FY18 FY17 FY18 FY17 FY18 GWB Income (S$b) Non-Singapore Non-Loan Non-Real Esta
Slide 5: Strategic Initiatives to Tap Intra-Regional Flows
Strategic Initiatives to Tap Intra-Regional Flows 1 2 3 Strengthen Connectivity Sector Specialisation Products & Platforms Support and grow with our Offer customised Building new capabilities customers in the region solutions • New product platforms • Focused on tapping to our customers • Re-designe
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): +4% YoY in FY18 Income3 (Group Retail1) +4% YoY in FY18 S$b S$b 108 3.8 4.0 104 3.5 98 FY16 FY17 FY18 FY16 FY17 FY18 High Affluent2 Income: +10% YoY in FY18 Segment RoRWA4 +0.50%pt YoY in FY18 S$b 5.78% 5.
Slide 7: Leveraging Digitalisation and Partnerships to Grow and Deepen Customer Franchise
Leveraging Digitalisation and Partnerships to Grow and Deepen Customer Franchise 1 2 3 Digital Bank Omni-Channel Experience Ecosystem Partnerships Targeting Mobile-First Deepening customer Forging collaborations to and Mobile-Only engagement widen distribution reach Generation • Digitised applicatio
Slide 8: Looking Ahead
Looking Ahead Prudent in navigating headwinds Heightened Volatile Global geopolitical financial uncertainties risks markets UOB well positioned to ride on Southeast Asia’s immense long-term potential Growing Enhancing Building sector connectivity capabilities, specialisation across the boosting regi
Slide 9: Thank You
Thank You tt UOB RIGHT BY YOU