Rizal Commercial Banking Corporation · PSE:RCB
Rizal Commercial Banking — Q1 2025 Earnings Presentation
27 slides from Rizal Commercial Banking's earnings presentation, 2025
Slide 1: Disclaimer
Disclaimer ANY INVESTMENT DECISION TO PURCHASE SECURITIES IN THE CONTEXT OF A PROPOSED OFFERING, IF ANY, SHOULD BE MADE ON THE BASIS OF THE FINAL TERMS AND CONDITIONS OF THE SECURITIES AND THE INFORMATION CONTAINED IN THE OFFERING CIRCULAR PUBLISHED IN RELATION TO SUCH AN OFFERING AND NOT ON THE BAS
Slide 2: RCBC 1Q 2025 Investor Presentation
RCBC 1Q 2025 Investor Presentation 2
Slide 3: 1Q 2025 Performance
1Q 2025 Performance
Slide 4: 1Q 2025 Key Highlights
1Q 2025 Key Highlights Sustained profit momentum backed by core business ₱2.4B ₱715B in loans; +13% vs • Delivered ₱2.4Bn net income, fueled by strong net interest and fee income growth net income 1Q24 • Boosted net interest margin to 4.2% through solid performance in consumer lending • Achieved 26%
Slide 5: Consolidated Financial Overview
Consolidated Financial Overview Income Statement 1Q25 1Q24 Change YoY Financial Ratios 1Q25 1Q24 YoY Amounts in PhP Millions, except YoY Gross Income 14,660 12,237 2,243 19.8% PROFITABILITY Net Interest Income 12,308 9,560 2,748 28.7% ROE 6.0% 5.6% 0.4% ROA 0.7% 0.7% 0.0% Fee Income 2,572 2,046 527
Slide 6: Strong revenue growth fueled by core business
Strong revenue growth fueled by core business Gross Revenue Quarterly Net Interest Income +28.7% YoY 12.3 YoY 11.2 11.6 12.2 14.7 20% 9.6 10.2 4.2% 3.9% 2.35 (12.1%) 3.7% 3.8% 2.68 3.6% Q124 Q224 Q324 Q424 Q125 Net Interest Income Quarterly NIM Fee Income 2.6 +25.7% YoY 16% 12.31 2.0 9.56 28.7% 4% 5
Slide 7: Consumer loans continue to drive total loan portfolio
Consumer loans continue to drive total loan portfolio YoY Loan Portfolio1 Loan Mix 709 12% 631 Consumer Loans 306 39% 220 39% 43% 709B Auto Loans Housing Loans 126 130 3% 18% Credit Cards PL/SL 285 273 (4%) Consumer SME Corporate 1Q24 1Q25 1Total Gross Loan to Customer Corporate SME Consumer2 2Consu
Slide 8: Improving NIM from higher yields and better cost of funds
Improving NIM from higher yields and better cost of funds Historical Cost of Funds and Asset Yield Quarterly Net Interest Margin Trend in % in % 7.23% 4.2% 3.9% 3.19% 3.8% 3.7% 3.6% Q124 Q224 Q324 Q424 Q125 Q124 Q224 Q324 Q424 Q125 Quarterly NIM Cost of funds Asset Yield 8
Slide 9: Consistent double-digit gains in consumer loans
Consistent double-digit gains in consumer loans Consumer Loans & Credit Cards portfolio ₱59B in PHP billions, % growth year-on-year CARDS & PL +50% in issuing billing; 42% higher 8.40% compared to year ago levels 39% vs industry’s 18% MORTGAGE +24% +48% in auto loan bookings for MTD March 2025 vs. p
Slide 10: Sustained consumer loan activity fuels expansion
Sustained consumer loan activity fuels expansion Credit Card Issuing Billings In Php Billions 15.2 15.4 14.4 17.9 17.7 16.6 18.1 18.6 20.5 20.5 18.2 20.4 1.33M 13.6 cards in force; 22% higher than last year Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 ₱1
Slide 11: Managed NPL levels with strategic risk controls
Managed NPL levels with strategic risk controls Gross NPL Ratio Gross NPL ratio per segment As of March 31, 2025 5.10% Corporate 1.6% 4.33% SME 6.7% Consumer 4.8% Credit Card & PL/SL 4.3% A combination of digital innovation, tightened credit, and proactive management kept loan segment NPLs well-cont
Slide 12: Cash management solutions to drive deposit strategy
Cash management solutions to drive deposit strategy Historical Deposits & CASA in Php Billions 1,022 8.40% 957 959 972 857 CheckScan transaction Double-digit jump in Bills collection brought values up by 74%, CashCube business at PHP 15B increase in pushing transactions up 32% vs previous year trans
Slide 13: Next-level digital tools focused on intuitive UX
Next-level digital tools focused on intuitive UX All-in-One Lifestyle App App for Lifehacks and PH’s 1st neighborhood & Digital Credit last mile ATM network 2.0B 1.3M 5,855 AI-powered digital loan enabler for smarter business strategies: digital loan bookings Transaction Volume Terminals ✔ Optimized
Slide 14: RCBC's Sustainability Impacts at a Glance
RCBC’s Sustainability Impacts at a Glance Our framework is aligned with internationally recognized guidelines *Data as of end March 2025 ₱127B 23 Total Eligible Sustainable Renewable Energy Portfolio Projects Funded 4.6x 67% Higher Sustainable Sustainability Bonds Portfolio vs. Coal Exposure 13.5% A
Slide 15: Over 100 global and regional awards in 5 years!
Over 100 global and regional awards in 5 years!
Slide 16: Additional Information
Additional Information
Slide 17: Key milestones in the RCBC story
Key milestones in the RCBC story RCBC was incorporated and RCBC Savings Bank was IFC acquired an RCBC completed a PHP15bn 1960 began operations in Rizal 1996 incorporated to provide 2011 approximately 7.2% stake in 2018 (USD280m) rights issue retail/consumer banking RCBC CVC Capital Partners Receive
Slide 18: Investment Information
Investment Information Ownership Structure Market Data Particulars As of March 31, 2025 Ticker RCB Outstanding Shares 2,419.54M Public Float 8.40% Stock Price 27.00 Pan Malayan Management Market Capitalization PhP 65.332B (USD 1.14B)¹ 13.5% and Investment Corp. (PMMIC) BV per share PhP 60.51² 4.5% 3
Slide 19: Comprehensive and Diversified Business Platform
Comprehensive and Diversified Business Platform RCBC Forex RCBC Leasing RCBC Int’l. RCBC Capital Rizal Microbank RCBC Trust Brokers and Finance Finance Corporation Microfinance Thrift Corporation Investment Bank Corporation Bank Corporation Hong Kong Finance Trust Services 99.96% Forex Broker 100% L
Slide 20: Appendix
Appendix o€ ~
Slide 21: Consolidated Income Statement
Consolidated Income Statement 1Q25 1Q24 Change YoY Interest Income 21,008 18,885 2,124 11.3% Interest Expense 8,700 9,324 -624 -6.7% Net Interest Income 12,308 9,560 2,748 28.7% Other Income 2,352 2,676 -324 -12.1% Trading Gains and Forex -969 11 -980 -8960.5% Service Fees & Commissions 2,572 2,046
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet 1Q25 1Q24 Change YoY Cash/Due from BSP & Other Banks 76,415 129,750 -53,335 -41.1% Investment Securities 441,517 398,821 42,696 11.7% FVTPL 12,881 11,319 1,562 13.8% FVOCI 171,053 131,128 39,925 30.5% Held to Maturity Investments 257,583 256,374 1,209 0.5% Loans (net of In
Slide 23: Consolidated Financial Ratios
Consolidated Financial Ratios 1Q25 1Q24 Change Profitability ROE* 6.0% 5.6% 0.4% ROA 0.7% 0.7% 0.0% NIM 4.2% 3.6% 0.6% Cost Efficiency CIR 58.7% 63.5% -4.7% Asset Quality Net NPL Ratio 2.5% 1.7% 0.8% NPL Coverage Ratio** 73.8% 89.0% -15.2% Capital CAR 16.0% 16.3% -0.3% CET1 13.5% 13.7% -0.2% *ROE is
Slide 24: Historical Income Statement
Historical Income Statement 2020 2021 2022 2023 2024 Interest Income 36.9 37.1 45.8 66.3 79.0 Interest Expense 10.7 8.3 14.6 32.7 36.6 Net Interest Income 26.3 28.8 31.2 33.6 42.5 Other Income 11.6 7.6 13.2 16.4 10.9 Trading Gains and Forex 6.7 1.0 1.5 0.4 -0.5 Service Fees & Commissions 3.5 4.5 5.5
Slide 25: Historical Balance Sheet
Historical Balance Sheet 2020 2021 2022 2023 2024 Cash/Due from BSP & Other Banks 148 157 181 187 153 Investment Securities 88 219 374 331 429 FVTPL 5 6 7 12 10 FVOCI 40 50 115 82 159 Held to Maturity Investments 43 164 252 237 260 Loans (net of Interbank) 449 508 531 622 710 Other Assets 81 61 78 6
Slide 26: Historical Financial Ratios
Historical Financial Ratios 2020 2021 2022 2023 2024 Profitability ROE* 5.5% 6.7% 11.2% 9.5% 6.0% ROA 0.7% 0.8% 1.2% 1.1% 0.7% NIM 4.3% 4.1% 3.7% 3.4% 3.8% Cost Efficiency CIR 58.2% 61.9% 56.5% 59.2% 61.7% Asset Quality Net NPL Ratio 2.9% 3.3% 2.0% 1.3% 2.0% Capital CAR 16.1% 15.2% 15.3% 17.4% 16.2%
Slide 27: For more information about RCBC, please contact Investor_Relations@rcbc.com
For more information about RCBC, please contact Investor_Relations@rcbc.com
Rizal Commercial Banking Corporation (RCBC) — Q1 2025 Earnings Presentation on 6ix