AEON Credit Service (Asia) Co., Ltd. · HKEX:900
AEON Credit Service (Asia) — FY2021/22 Earnings Presentation
21 slides from AEON Credit Service (Asia)'s earnings presentation, Apr 6, 2022
Slide 1: AEON Credit Service (Asia) Co., Ltd. 2021/22 Annual Results
AEON Credit Service (Asia) Co., Ltd. Stock Code : 0900 2021/22 Annual Results 6 April 2022
Slide 2: Disclaimer and Glossary
Disclaimer Glossary • This document has been prepared by AEON 2020/21 For the year ended 28 February 2021 Credit Service (Asia) Co., Ltd. (“AEON Credit” 2021/22 For the year ended 28 February 2022 or the “Company”) solely for the use at the 2022/23 For the year ended 28 February 2023 presentation to
Slide 3: Agenda
01 Major Achievements Agenda 02 Financial Highlights Operational Review & 03 Growth Strategies 3
Slide 4: Major Achievements
JEON CREDIT SERVICE Major Achieveme
Slide 5: Achievements in Performance and Corporate Structure
Achievements in Performance and Corporate Structure Returned to Growth Asset Quality Improved PRC Segment Sales for the year recorded 21.1% % of overdue advances and receivables to total advances and receivables Acquisition of the remaining equity interest of an associate (AIS) Gross advances and re
Slide 6: Dividend
Dividend 53.0% Average Payout Ratio for last 10 years Unit: HK Cents 55.5% 53.8% 49.8% 47.4% 42.1% Core Payout Dividend Policy : Annual dividend payout ratio of not less than 30% of the Ratio net profit attributable to shareholders of the Company for the financial year. 22 22 22 22 18 Current Divide
Slide 7: Financial Highlights
JEON CREDIT SERVICE Financial Highlig
Slide 8: Financial Highlights
Financial Highlights Unit: HK$Million 2018/19 2019/20 2020/21 2021/22 1 Rebuilding Resilience under Tough Business Environment Business Environment US-China Trade War Social Unrest and Pandemic Global Economy Halt under New Normal New Consumer Pandemic Behaviors 2 Started V-shaped Recovery in Advanc
Slide 9: Segment Information
Segment Information Unit: HK$Million (A) Segment Revenue by Product (C) Segment Revenue by Geographical Location 1,090 1,050 1,090 1,050 25 28 13 18 208 189 1,077 1,032 857 833 2020/21 2021/22 2020/21 2021/22 Credit cards Personal loans Insurance Hong Kong PRC (B) Segment Results by Product (D) Segm
Slide 10: Moving Trend of Sales, Average Advances & Receivables Balance & Net Interest Income
Moving Trend of Sales, Average Advances & Receivables Balance & Net Interest Income (1) Sales and Advances & Receivables Balance - Returned to Growth Unit: HK$ Million (2) Net Interest income – Back on an Upward Trend 4,542 4,335 4,092 4,013 2,422 1,993 2,038 1,706 245 220 209 205 2020/21 Q1 2020/21
Slide 11: Revenue
Revenue Revenue Back on an Upward Trend Unit: HK$ Million 297 277 279 265 259 254 257 250 258 228 240 234 218 217 217 214 18 18 17 15 15 17 17 16 34 21 20 15 21 21 24 24 2020/21 Q1 2020/21 Q2 2020/21 Q3 2020/21 Q4 2021/22 Q1 2021/22 Q2 2021/22 Q3 2021/22 Q4 Fees and commission Handling and other cha
Slide 12: Operating Expenses
Operating Expenses Effective Cost Control for Growth Unit: HK$ Million 156 147 141 139 137 136 132 28 126 24 24 28 21 23 24 25 48 40 44 34 40 41 40 38 14 14 15 15 14 14 14 14 40 39 42 42 39 40 36 41 26 25 22 24 13 13 19 18 2020/21 Q1 2020/21 Q2 2020/21 Q3 2020/21 Q4 2021/22 Q1 2021/22 Q2 2021/22 Q3
Slide 13: Impairment Losses and Impairment Allowances
Impairment Losses and Impairment Allowances Credit Performance – Substantial Advances and Receivables Improvement (by Delinquency Level) Unit: HK$ Million 309 202 146 80 60 169 137 18 38 33 4 31 84 30 29 62 60 4 1 48 41 4,382 4,129 37 26 28 3,999 3,893 3,922 -6 -22 -15 -24 -37 2020/21 Q1 2020/21 Q2
Slide 14: Advances & Receivables, Impairment Allowances
Advances & Receivables, Impairment Allowances Advances and Receivables Impairment Allowances Unit: HK$ Million Unit: HK$ Million 86 1,026 71 65 66 61 867 905 781 783 121 128 108 83 86 50 35 3,579 31 3,262 3,215 3,215 3,304 21 22 92 94 80 71 73 29.2.2020 31.8.2020 28.2.2021 31.8.2021 28.2.2022 29.2.2
Slide 15: Strong Capital Base and Stable Funding Source
Strong Capital Base and Stable Funding Source Maturity Profile of Bank Borrowings Liquidity Risk Unit: HK$ Million Unit: HK$ Million 165, 15% Maturity profile as at 28.2.2022 More than 3 More than 1 months but year but not 160, 15% Within 3 less than 1 more than 5 759, 70% months year years Total Ad
Slide 16: Operational Review & Growth Strategies
Operational Review & Growth Strategies
Slide 17: 2021/22 Operational Review
2021/22 Operational Review ➢ Enhance “AEON HK” Mobile App ➢ Expansion of Card Acquiring Business ➢ Extension of Branch Network ➢ Revamp of Group Structure 17
Slide 18: 2022/23 Business Plan
2022/23 Business Plan ➢ For marketing, a new credit card product targeting the younger generations will be launched to expand the customer base ➢ For technology development, three major projects in 2022/23: • the Card and Loan system replacement project • the Netmember and Mobile application revamp
Slide 19: Our Sustainability Roadmap
Our Sustainability Roadmap 2004 2007 2008 2016/17 2021/22 1998 1 2 3 4 5 6 Issued charity Contribution to Awarded Caring Contribution to Published first • Established credit card environment - community - ESG report Sustainability Policy Company Tree planting • Set up Sustainability UNICEF HK Commit
Slide 20: Thank You!
Thank You! Acca
Slide 21: Q&A Session
JEON Q&A Session CREDIT SERVICE
AEON Credit Service (Asia) — FY2021/22 Earnings Presentation on 6ix