Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — Q3 2024 Earnings Presentation
19 slides from Union Bank Of Taiwan's earnings presentation, Nov 7, 2024
Slide 1: Union Bank of Taiwan Financial Results of 3Q24
Union Bank of Taiwan Financial Results of 3Q24 November 7th, 2024 1
Slide 2: Disclaimer
DISCLAIMER This presentation is provided by Union Bank of Taiwan (”UBOT”).The information contained within is not audited or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed t
Slide 3: Financial Highlights of 3Q24
Financial Highlights of 3Q24 Steady growth of business Net income for the month ended September 30, 2024, was 4,329 million, compare with 3,663 million in 3Q23, increased 18.18% YoY, Operating revenue was 15,045 million, compare with 13,610 million in 3Q23 , increased 10.54 % YoY. EPS was 0.94
Slide 4: Revenue and profit- Consolidated
Revenue and profit- Consolidated NT$ mn, % Items 3Q24 3Q23 Diff. %* Net interest income 6,146 6,340 -3.06% Net fee income 2,845 2,585 +10.06% Net other income 6,054 4,685 +29.22% Operating revenue 15,045 13,610 +10.54% Pre-Tax Income 4,999 4,378 +14.18% Net Income 4,329 3,663 +18.18% EPS (in NT$doll
Slide 5: Net Revenue Breakdown- Consolidated
Net Revenue Breakdown- Consolidated NT$ mn NT$ mn, % 16,689 15,985 13,610 17,935 15,045 15,045 14,000 17.65% 13,610 29.80% 32.41% 34.97% 40.24% 20.78% 12,000 18.30% 19.00% 18.46% 18.91% 10,000 61.57% 8,000 51.90% 46.59% 46.57% 40.85% 6,000 3Q23 3Q24 2021 2022 3Q23 2023 3Q24 Operating Revenue NII% Fe
Slide 6: Financial Performance- Consolidated
Financial Performance- Consolidated NT$ mn Operating Revenue 17,935 16,689 15,985 15,045 13,610 2021 2022 3Q23 2023 3Q24 Net Income NT$ mn EPS NT$ dollar 4,463 4,321 4,329 1.11 3,542 3,663 1.02 0.94 0.81 0.84 2021 2022 3Q23 2023 3Q24 2021 2022 3Q23 2023 3Q24 3Q24 are un-audited numbers 6
Slide 7: Operating revenue analysis- Alone
Operating revenue analysis- Alone NT$ mn,% 38.98% 33.36% 37.49% 30.13% 18.03% 21.42% Corporate 11.12% Consumer Business, 9.47% Business, 18.03% 33.36% Corporate Business Consumer Business Trust & Ｗealth Investment & Mgmt. Others Corporate Business 3Q24 3Q23 Investment & Others, Consumer 3Q24 3Q23 37
Slide 8: Business Performance
Business Performance NT$ mn, % 201 欄 Items 2024.9.30 2023.9.30 9.6 Diff.Amt Diff. % 1 3 Total deposits (avg. bal.) 787,001 752,685 34,316 4.56% Demand deposits 349,641 331,252 18,389 5.55% Time deposits 333,195 323,506 9,689 2.99% Foreign exchange 104,165 97,927 6,238 6.37% deposits Total Loans (avg
Slide 9: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$787 billion NT$ bn Foreign exchange deposits, 13.24% 349.6 331.3 333.2 323.5 Time deposits, 42.34% Demand deposits, 44.42% 104.2 97.9 Demand deposits Time deposits Foreign exchange Preliminary figures of September 2024 deposits 9M24 9M
Slide 10: Deposits balance steady growth
Deposits balance steady growth Demand Deposits Time Deposits YOY +4.06% YOY NT$ mn +6.57% 394,797 393,496 410,834 360,144 379,857 312,838 368,219 364,410 354,939 356,424 Dec. 2021 Dec. 2022 Sep. 2023 Dec. 2023 Sep. 2024 Dec. 2021 Dec. 2022 Sep. 2023 Dec. 2023 Sep. 2024 Total Deposits YOY +5.25% Date
Slide 11: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$595.3 billion NT$ bn Large Corporate, Government, 438.5 2.3% 407.4 0.8% SME, 23.2% 138.4 134.1 Individual, 13.4 5.0 10.4 7.6 73.7% Government Large SME Individual Corporate Preliminary figures of September 2024 9M24 9M23 11
Slide 12: Loans balance steady growth
Loans balance steady growth Corporate Loans Consumer Loans NT$ mn 366,773 344,692 350,199 317,712 285,910 234,150 215,494 215,967 201,012 166,979 2021 2022 9M23 2023 9M24 2021 2022 9M23 2023 9M24 Government Loans is excluded from Corporate Loans. Preliminary figures of September 2024 12
Slide 13: Business Performance
Business Performance Cards, NT$ Mn,% Jan. to Sep. Jan. to Sep. Items Diff. Amt Diff. % 2024 2023 Valid cards in 6 months 1,884,640 1,688,037 196,603 11.65% Cards outstanding 2,843,748 2,776,618 67,130 2.42% Operating income 4,046 3,731 315 8.44% Value of transactions 146,757 122,165 24,592 20.13% Va
Slide 14: Credit Card Business Breakdown
Credit Card Business Breakdown Active Cards Thousand Card,% Cards Consumption NT$ mn 4.90% 2,000 4.80% 200,000 4.70% 4.23% 4.70% 4.54% 1,500 4.30% 4.09% 150,000 3.93% 4.20% 3.85% 3.87% 1,885 1,000 3.80% 100,000 1,688 1,776 3.22% 172,072 1,300 1,378 3.27% 147,111 3.70% 122,531 500 3.30% 102,223 113,0
Slide 15: NIM and Spread- Alone
NIM and Spread- Alone 2.82% 1.55% 2.70% 2.70% 1.52% 1.50% 1.33% 2.11% 1.47% 1.45% 1.29% 1.28% 1.45% 1.86% 1.41% 1.40% 1.22% 1.21% 1.40% 1.22% 1.25% 1.35% 1.33% 1.30% 0.53% 0.59% 1.25% 1.20% 2021 2022 3Q23 2023 3Q24 2021 2022 3Q23 2023 3Q24 Overall Lending Rate Overall Deposit Rate NIM Interest Sprea
Slide 16: Assets Quality
Assets Quality NPL NPL Ratio NT$ mn,% 1800 0.27% 0.27% 0.26% 1600 0.24% 1,620 1400 1,562 1,487 1200 1,293 1000 800 0.10% 600 400 499 200 0 2021 2022 3Q23 2023 3Q24 2021 2022 3Q23 2023 3Q24 3Q24 are un-audited numbers 16
Slide 17: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, % 8,000 1200.00% 7,500 7,166 7,000 1081.30% 6,732 6,874 6,500 6,224 1000.00% 6,000 907.15% 968.74% 864.33% 5,396 5,500 910.46% 800.00% 5,000 4,500 776.24% 4,000 600.00% 3,500 481.40% 442.40% 3,000 452.66% 439.98% 2,500 400.00% 2,000 1,500 200.00% 1,000 500 0 0.00% 202
Slide 18: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2021 2022 9M23 2023 9M24 Risk Weighted Assets 407,195,710 444,044,885 496,560,900 497,090,004 537,873,291 Common share 45,523,219 44,397,652 48,463,018 50,089,913 55,173,406 Other tier 1 capital 12,552,479 13,000,000 13,000,000 13,000,000 13,000,000
Slide 19: Capital Adequacy Ratio
Capital Adequacy Ratio 16.08% 14.95% 14.73% 14.69% 14.34% 1.82% 2.02% 2.04% 2.02% 1.96% 3.08% 2.93% 2.62% 2.61% 2.41% 11.18% 10.26% 10.00% 9.76% 10.08% 2021 2022 9M23 2023 9M24 CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio Preliminary figures of Sepember 2024 and Sepember 2023 BIS of Union Bank sta