Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — Q1 2017 Earnings Presentation
66 slides from Cimb Group Holdings Bhd's earnings presentation, May 24, 2017
Slide 1: Analyst Presentation 1Q17 Results
CIMB Group Analyst Presentation 1Q17 Results Tengku Dato’ Sri Zafrul Aziz 24 May 2017
Slide 2: Agenda
Agenda 1. Key Highlights 2. CIMB Group 1Q17 Financials 3. PBT by Segment 3.1 Regional Consumer Banking 3.2 Regional Commercial Banking 3.3 Regional Wholesale Banking 3.4 Group Asset Management & Investments 3.5 Group Funding 3.6 CIMB Islamic 4. T18 Updates 5. Final Remarks 2
Slide 3: 1. Key Highlights
CIMB Group : 1Q17 Results 1. Key Highlights
Slide 4: Key Financial Highlights
Key Financial Highlights Operating Income (RM ‘mil) Overhead Expenses (RM ‘mil) Loan Impairment (RM ‘mil) +17.1% Y-o-Y -8.8% Y-o-Y +7.4% Y-o-Y +1.1% Q-o-Q -43.6% Q-o-Q +3.0% Q-o-Q Net Profit (RM ‘mil) Gross Loans * (RM ‘mil) Deposits (RM ‘mil) +45.0% Y-o-Y +12.2% Y-o-Y +10.8% Y-o-Y +4.6% Q-o-Q +38.2
Slide 5: Key Ratios
Key Ratios ROE NIM CI +240bps Y-o-Y +10bps Y-o-Y -480bps Y-o-Y +260bps Q-o-Q +3bps Q-o-Q +90bps Q-o-Q LD Loan Loss Charge CET 1 +110bps Y-o-Y -12bps Y-o-Y +90bps Y-o-Y -390bps Q-o-Q -41bps Q-o-Q +20bps Q-o-Q 5
Slide 6: PBT By Segments
PBT By Segments 1Q17 1Q16 1Q17 PBT Growth by Key Divisions Consumer Commercial Wholesale Group Asset Group Banking Banking Banking Management Funding & Investments PPOP Y-o-Y +20.4% +13.1% +23.3% +17.2% +>1000% PBT Y-o-Y +0.5% -7.8% +117.0% -53.8% +>1000% PBT Q-o-Q -1.2% 494.4% +30.5% +63.6% +46.5%
Slide 7: PBT By Country
PBT By Country 1Q17* 1Q16* 1Q17* PBT Y-o-Y Growth by Key Countries PPOP Y-o-Y +44.6% +15.9% +13.3% +49.3% PBT Y-o-Y +37.0% +135.5% +15.9% +121.0% PBT Q-o-Q +0.2% -15.1% +177.9% +226.2% Notes: * Excluding HQ costs, mainly comprising of funding costs 7
Slide 8: 2. CIMB Group 1Q17 Financials
CIMB Group : 1Q17 Results 2. CIMB Group 1Q17 Financials
Slide 9: Quarterly Earnings Trend
Quarterly Earnings Trend *RM ’mil Notes: FY15: 1Q15 Excluding IB restructuring cost (RM202 mil) 2Q15 Excluding MY MSS cost (RM316 mil) and tax on MY MSS (RM79 mil) 3Q15 Excluding tax and MI on ID MSS (RM36 mil) and ID MSS cost (RM134 mil) 4Q15: ID MSS cost (RM32mil) and tax on ID MSS (RM8 mil) 9
Slide 10: Earnings Summary
Earnings Summary (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net interest income 3,046 2,731 11.5% 3,016 1.0% Non interest income 1,315 994 32.3% 1,297 1.4% Operating income 4,361 3,725 17.1% 4,313 1.1% Overhead expenses (2,296) (2,137) 7.4% (2,230) 3.0% PPOP 2,065 1,588 30.0% 2,083 (0.9%) Loan impairment
Slide 11: Key Ratios
Key Ratios (%) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q ROE ~ 10.3 7.9 7.7 NIM ~** 2.72 2.62 2.69 Non-interest income / total income 30.2 26.7 30.1 Cost to income 52.6 57.4 51.7 Allowance coverage # 79.6 84.8 79.8 Loan loss charge ~ 0.52 0.64 0.93 Gross impaired loans ratio 3.2 3.0 3.3 Net impaired loans ratio (N
Slide 12: Operating Expenses
Operating Expenses (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Personnel 1,277 1,155 10.6% 1,238 3.2% Establishment 580 558 3.9% 536 8.2% Marketing 66 83 (20.5%) 73 (9.6%) Admin & General 373 341 9.4% 383 (2.6%) Total 2,296 2,137 7.4% 2,230 3.0% Cost to income 52.6% 57.4% (480bps) 51.7% 90bps 12
Slide 13: Gross Loans Growth
Gross Loans Growth Loans by Country as at 31 Mar 17 # Divisions / Products (RM ‘bil) 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Consumer Banking (50.8%) 163.5 147.7 10.7% 161.1 1.5% Mortgages 82.6 72.5 13.9% 80.2 3.0% Term Loans 36.2 33.2 9.0% 36.3 (0.3%) Auto 19.6 19.9 (1.5%) 19.7 (0.5%) Credit Card
Slide 14: Deposits Growth
Deposits Growth Deposits by Country as at 31 Mar 17 Divisions / Products (RM ‘bil) 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Consumer Banking (43.7%) 154.9 134.0 15.6% 151.0 2.6% Commercial Banking (13.0%) 45.9 41.7 10.1% 45.4 1.1% Wholesale Banking # (43.3%) 153.2 143.9 6.5% 142.1 7.8% Total * 354.
Slide 15: CASA Growth
CASA Growth CASA by Country as at 31 Mar 17 Country (RM ‘bil) 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Malaysia 65.9 61.2 7.7% 63.1 4.4% Indonesia ** 32.6 26.5 23.0% 30.7 6.2% Thailand 10.4 9.2 13.0% 10.6 (1.9%) Singapore 15.4 10.9 41.3% 14.1 9.2% Others + 3.0 5.5 (45.5%) 2.3 30.4% Total * 127.3 11
Slide 16: Capital Management: CIMB Group
Capital Management : CIMB Group Capital Ratios Min Req. 11.3% 11.5% CET1 5.125% 10.6% 10.7% 10.9% 12.4% 12.9% 13.0% 11.8% 12.2% Tier 1 6.625% 15.4% 15.6% 15.8% 16.3% 16.4% Total Capital 8.625% Mar-16 ^ Jun-16 # Sep-16 # Dec-16~ Mar-17 ~ Leverage Ratio (times) Gearing Ratio Double Leverage Ratio 16.6
Slide 17: 3. PBT by Segment
CIMB Group : 1Q17 Results 3. PBT by Segment
Slide 18: PBT by Segments
PBT by Segments PBT (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Consumer Banking (34.8%) 561 558 0.5% 568 (1.2%) Commercial Banking (8.8%) 142 154 (7.8%) (36) 494.4% Wholesale Banking (45.0%) 727 335 117.0% 557 30.5% Corporate Banking (29.6%) 479 179 167.6% 416 15.1% Treasury & Markets ~ (15.4%) 248 180 37
Slide 19: 3.1 Regional Consumer Banking
CIMB Group : 1Q17 Results 3.1 Regional Consumer Banking
Slide 20: Consumer Banking
Consumer Banking (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net interest income 1,444 1,301 11.0% 1,436 0.6% Non interest income 483 440 9.8% 499 (3.2%) Operating income 1,927 1,741 10.7% 1,935 (0.4%) Overhead expenses (1,088) (1,044) 4.2% (1,073) 1.4% PPOP 839 697 20.4% 862 (2.7%) (Provisions) / Writebac
Slide 21: Consumer Banking: Gross Loans
Consumer Banking : Gross Loans Country 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Malaysia (RM ‘bil) 123.0 112.5 9.3% 121.1 1.6% Indonesia (IDR ‘bil) 51,138 54,036 (5.4%) 52,130 (1.9%) Thailand (THB ‘bil) 105.3 96.0 9.7% 102.9 2.3% Singapore (SGD ‘mil) 2,907 2,780 4.6% 2,923 (0.5%) Others * (RM ‘bil)
Slide 22: Consumer Banking: Deposits
Consumer Banking : Deposits Country 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Malaysia (RM ‘bil) 91.5 83.4 9.7% 89.3 2.5% Indonesia (IDR ‘bil) 91,490 89,129 2.6% 93,677 (2.3%) Thailand (THB ‘bil) 110.1 92.6 18.9% 105.6 4.3% Singapore (SGD ‘mil) 5,974 4,936 21.0% 5,648 5.8% Others * (RM ‘bil) 0.9 0.6
Slide 23: 3.2 Regional Commercial Banking
CIMB Group : 1Q17 Results 3.2 Regional Commercial Banking
Slide 24: Commercial Banking
Commercial Banking (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net interest income 448 428 4.7% 440 1.8% Non interest income 123 78 57.7% 97 26.8% Operating income 571 506 12.8% 537 6.3% Overhead expenses (303) (269) 12.6% (279) 8.6% PPOP 268 237 13.1% 258 3.9% (Provisions) / Writeback (126) (83) 51.8% (29
Slide 25: Commercial Banking: Gross Loans
Commercial Banking : Gross Loans Country 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Malaysia (RM ‘bil) 16.7 14.3 16.8% 16.1 3.7% Indonesia (IDR ‘bil) 34,791 32,272 7.8% 33,803 2.9% Thailand (THB ‘bil) 38.9 48.8 (20.3%) 41.3 (5.8%) Singapore (SGD ‘mil) 2,500 2,586 (3.3%) 2,588 (3.4%) Others * (RM ‘bil
Slide 26: Commercial Banking: Deposits
Commercial Banking : Deposits Country 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Malaysia (RM ‘bil) 19.4 17.6 10.2% 18.4 5.4% Indonesia (IDR ‘bil) 36,553 34,349 6.4% 34,319 6.5% Thailand (THB ‘bil) 11.9 18.2 (34.6%) 13.1 (9.2%) Singapore (SGD ‘mil) 3,890 3,994 (2.6%) 4,323 (10.0%) Others * (RM ‘bil)
Slide 27: 3.3 Regional Wholesale Banking
CIMB Group : 1Q17 Results 3.3 Regional Wholesale Banking
Slide 28: ASEAN Capital Markets Activities
ASEAN Capital Markets Activities Industry ASEAN ECM Industry ASEAN DCM USD ‘mil USD ‘bil +368.2% Y-o-Y +28.6% Y-o-Y -17.4% Q-o-Q +5.9% Q-o-Q Industry ASEAN IPO Industry ASEAN M&A USD ‘mil USD ‘bil +588.6% Y-o-Y -92.2% Y-o-Y -7.2% Q-o-Q -75.2% Q-o-Q Sources: Bloomberg and Dealogic 28
Slide 29: Wholesale Banking
Wholesale Banking (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net interest income 908 844 7.6% 941 (3.5%) Non interest income 576 434 32.7% 519 11.0% Total Income 1,484 1,278 16.1% 1,460 1.6% Overhead expenses (712) (652) 9.2% (708) 0.6% PPOP 772 626 23.3% 752 2.7% (Provisions) / Writeback (45) (291) (84.5
Slide 30: Wholesale Banking: Corporate Banking
Wholesale Banking : Corporate Banking (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net interest income 659 580 13.6% 680 (3.1%) Non interest income 134 124 8.1% 224 (40.2%) Operating income 793 704 12.6% 904 (12.3%) Overhead expenses (269) (248) 8.5% (290) (7.2%) PPOP 524 456 14.9% 614 (14.7%) (Provisions)
Slide 31: Wholesale Banking: Gross Loans
Wholesale Banking : Gross Loans Country 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Malaysia (RM ‘bil) 37.9 32.3 17.3% 36.7 3.3% Indonesia (IDR ‘bil) 90,053 84,713 6.3% 94,231 (4.4%) Thailand (THB ‘bil) 52.1 52.3 (0.4%) 55.7 (6.5%) Singapore (SGD ‘mil) 5,514 5,552 (0.7%) 5,784 (4.7%) Others * (RM ‘bil
Slide 32: Wholesale Banking: Deposits
Wholesale Banking : Deposits Country 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Malaysia (RM ‘bil) 66.0 55.4 19.1% 57.7 14.4% Indonesia (IDR ‘bil) 48,051 49,261 (2.5%) 52,575 (8.6%) Thailand (THB ‘bil) 59.6 46.7 27.6% 65.0 (8.3%) Singapore (SGD ‘mil) 1,414 2,891 (51.1%) 1,499 (5.7%) Others * (RM ‘bil
Slide 33: Wholesale Banking: Treasury & Markets
Wholesale Banking : Treasury & Markets (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net interest income 191 219 (12.8%) 194 (1.5%) Non interest income 253 110 130.0% 90 181.1% Operating income 444 329 35.0% 284 56.3% Overhead expenses (196) (146) 34.2% (158) 24.1% PPOP 248 183 35.5% 126 96.8% (Provisions) /
Slide 34: Wholesale Banking: Investment Banking
Wholesale Banking : Investment Banking (RM ’mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net interest income 58 45 28.9% 67 (13.4%) Non interest income 189 200 (5.5%) 205 (7.8%) Operating income 247 245 0.8% 272 (9.2%) Overhead expenses (247) (258) (4.3%) (260) (5.0%) PPOP - (13) 100.0% 12 (100.0%) (Provisions)
Slide 35: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) 1Q17 1Q16 1Q17 1Q16 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 9.5% 3 9.7% 3 Cash Equities 4.2% 4 4.6% 3 IPO 28.5% 1 49.8% 1 IPO 23.0% 2 - - ECM 32.4% 1 48.3% 1 ECM 16.0% 3 - - EQL Products - - - - EQL Products - - - - M&A 13
Slide 36: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) 1Q17 1Q16 1Q17 1Q16 Market Market ASEAN Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 0.3% 58 0.3% 58 Cash Equities 6.1% 2 7.3% 2 IPO 0.5% 38 0.9% 18 IPO 19.7% 1 39.8% 1 ECM 0.1% 72 0.5% 33 ECM 13.9% 1 16.9% 2 EQL Products - - - - EQL Product
Slide 37: 3.4 Group Asset Management & Investments
CIMB Group : 1Q17 Results 3.4 Group Asset Management & Investments
Slide 38: Group Asset Management & Investments
Group Asset Management & Investments PBT (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Public Markets 29 28 3.6% 33 (12.1%) Private Markets 7 50 (86.0%) (11) 163.6% Direct Investments & Others 4 45 (91.0%) 1 300.0% Private Equity Fund Management 3 1 200% 24 (87.5%) Passive Fund Investments - 4 (100.0%) (36)
Slide 39: 3.5 Group Funding
CIMB Group : 1Q17 Results 3.5 Group Funding
Slide 40: Group Funding
Group Funding (RM ’mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net interest income 239 147 62.6% 193 23.8% Non interest income 35 (61) 157.4% 55 (36.4%) Total Income 274 86 218.6% 248 10.5% Overhead expenses (122) (87) 40.2% (97) 25.8% PPOP 152 (1) >1000% 151 0.7% (Provisions) / Writeback (4) (1) 300.0% (50) (9
Slide 41: 3.6 CIMB Islamic
CIMB Group : 1Q17 Results 3.6 CIMB Islamic
Slide 42: Group Islamic: Earnings Summary
Group Islamic: Earnings Summary (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Net financing income 359 316 13.6% 338 6.2% Non financing income 106 122 (13.1%) 88 20.5% Operating income 465 438 6.2% 426 9.2% Overhead expenses (166) (161) 3.1% (153) 8.5% PPOP 299 277 7.9% 273 9.5% (Provisions) / Writeback (14)
Slide 43: Malaysia: CIMB Islamic
Malaysia : CIMB Islamic Islamic Financing and Deposits Islamic Residential Mortgages RM ‘bil RM ‘mil +18.4% Y-o-Y +25.7% Y-o-Y +14.8% Y-o-Y +3.8% Q-o-Q +4.4% Q-o-Q +4.1% Q-o-Q Ranking of Total Islamic Assets as at 31 Dec 2016 1Q17 1Q16 Sukuk Total Assets Market Market Market Rank Company Rank Rank R
Slide 44: 4. T18 Updates
CIMB Group : 1Q17 Results 4. T18 Updates
Slide 45: T18 Progress Update
T18 Progress Update A total of 18 programmes have been identified to propel the Group towards its T18 targets T18 Oversight Committee Project Management Office Focus Areas of the T18 Programmes Wholesale Banking Commercial Banking Consumer Banking >400 projects ongoing Further profitability Sustain
Slide 46: T18 Financial Targets Scorecard
T18 Financial Targets Scorecard T18 Financial Progress T18 Targets Highlights 2015 2016 2017 Cost-to- C/I ratio 58.1% 57.4% improving Income 55.4% 55.4% 53.9% 53.6% 53.2% 50% within 51.7% 52.6% expectations CET1 11.3% 11.5% Capital and 10.6% 10.7% 10.9% RWA 10.4% 11% optimisation 10.0% 9.7% 9.3% met
Slide 47: T18: 1Q17 Key highlights
T18: 1Q17 Key highlights Improved profitability in 1Q17 due to higher income growth (+16.1% YoY) and Wholesale lower provisions (-84.5% YoY) Banking Ongoing account planning efforts to improve RWA utilisation and enhance client profitability Strong growth in Malaysia in 1Q17 – loans grew 16.8% YoY a
Slide 48: T18: 1Q17 Key highlights
T18: 1Q17 Key highlights Enhancement of Islamic proposition and processes for Wholesale, Commercial Islamic and Consumer Banking, including new product launches Banking Team and KPI alignment to strengthen accountability and ownership amongst Business Units Continuing RWA optimisation initiatives su
Slide 49: T18: 1Q17 Key highlights
T18: 1Q17 Key highlights Implementing plans to build CX capability across the firm through training programmes for identified staff Customer Performance monitoring indicators in place to measure outcomes and benefits Experience of CX initiatives Ongoing efforts to continuously drive and inculcate th
Slide 50: 5. Final Remarks
CIMB Group : 1Q17 Results 5. Final Remarks
Slide 51: Targets for 2017
Targets for 2017 1Q17 FY17 Target # ROE 10.3% 9.5% Dividend Payout Ratio - 40% - 60% Total Loans Growth * 12.2% (6.8%**) 7.0% # Loan Loss Charge 0.52% 0.60% - 0.65% CET 1 (CIMB Group) 11.5% >11.5% Cost to income 52.6% <53.0% Notes: * Excluding bad bank ** Excluding FX fluctuations # Annualised 51
Slide 52: Final Remarks
Final Remarks A good start to the year, but cautiously optimistic on outlook for the rest of 2017 Continue to expect steady loan growth with some NIM compression, improving provisions and sustained cost discipline Malaysia remains steady, driven by Consumer Banking and benign asset quality Progressi
Slide 53: Thank You
THANK YOU 53
Slide 54: Appendices
CIMB Group : 1Q17 Results Appendices
Slide 55: PPOP by Segments
PPOP by Segments PPOP (RM ‘mil) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q Consumer Banking (40.6%) 839 697 20.4% 862 (2.7%) Commercial Banking (13.0%) 268 237 13.1% 258 3.9% Wholesale Banking (37.4%) 772 626 23.3% 752 2.7% Corporate Banking (25.4%) 524 456 14.9% 614 (14.7%) Treasury & Markets ~ (12.0%) 248 183 35.
Slide 56: Consumer Banking Key Highlights
Consumer Banking Key Highlights Y-o-Y Q-o-Q Y-o-Y Q-o-Q Consumer Gross Loans * 9.3% 1.6% Consumer Gross Loans (5.4%) (1.9%) Mortgages 12.0% 2.7% Mortgages 7.1% 3.5% Term loans 8.1% 0.3% Auto (31.9%) (11.3%) Auto 2.2% - Credit cards 17.9% (2.9%) Credit cards 3.8% (3.6%) Consumer Deposits 2.6% (2.3%)
Slide 57: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes (RM ‘mil) 31 Mar 17 31 Mar 16 Y-o-Y 31 Dec 16 Q-o-Q Cash & short term funds 39,406 38,635 2.0% 26,710 47.5% Securities purchased under resale agreements 7,328 9,330 (21.5%) 5,315 37.9% Deposits & placements with financial institutions 3,253 2,277 42.9% 2,308 40.9%
Slide 58: Asset Quality Ratios – CIMB Group
Asset Quality Ratios – CIMB Group 84.2% 84.7% 84.8% 83.8% 82.7% 83.5% 79.2% 80.6% 79.8% 79.6% 77.9% 76.6% 84.4% 84.4% 82.6% 83.6% 83.0% 74.2% 81.8% 80.0% 79.3% 79.0% 77.4% 76.9% 75.6% 71.9% 3.3% 3.2% 3.3% 3.4% 3.0% 3.2% 3.2% 3.3% 3.2% 3.1% 3.1% 3.1% 3.0% 3.1% 3.2% 3.0% 3.1% 3.2% 3.0% 2.7% 2.7% 2.9%
Slide 59: AFS MTM (Q-o-Q) Position
AFS MTM (Q-o-Q) Position Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 59
Slide 60: CIMB Niaga: Earnings Summary
CIMB Niaga : Earnings Summary 4Q16 (IDR ‘bil) 1Q17 1Q16 Y-o-Y Q-o-Q BAU^ Net interest income 3,096 2,837 9.1% 3,207 (3.5%) Non interest income 716 716 - 583 22.8% Operating income 3,812 3,553 7.3% 3,790 0.6% Overhead expenses (1,873) (1,822) 2.8% (1,825) 2.6% PPOP 1,939 1,731 12.0% 1,965 (1.3%) Prov
Slide 61: CIMB Niaga: Key Ratios
CIMB Niaga : Key Ratios 4Q16 (Consolidated, %) 1Q17 1Q16 Y-o-Y Q-o-Q BAU ** ROE ^ 7.4 3.6 6.8 NIM ^ 5.71 5.35 5.91 Cost to Income 49.1 51.3 48.1 Loan Loss Coverage # 117.6 116.1 117.7 Allowance Coverage 89.5 91.0 86.1 Loan Loss Charge ^ 2.3 2.9 2.6 Gross Impaired Loans Ratio 5.1 5.0 5.2 Gross NPL (B
Slide 62: CIMB Thai: Earnings Summary
CIMB Thai : Earnings Summary Before GAAP Adjustments 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q (THB ‘mil) Net interest income 2,463 2,390 3.0% 2,528 (2.6%) Non interest income 667 924 (27.8%) 707 (5.6%) Operating income 3,130 3,315 (5.6%) 3,235 (3.2%) Overhead expenses (1,747) (1,755) (0.5%) (2,112) (17.3%) PPOP 1
Slide 63: CIMB Thai: Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) 1Q17 1Q16 Y-o-Y 4Q16 Q-o-Q ROE ^ 1.8 4.8 (20.4) NIM ^ 3.77 3.72 3.79 Cost to Income 55.8 53.0 65.3 Loan Loss Coverage ** 81.2 115.0 77.3 Loan Loss Charge ^ 2.5 2.3 5.6 Gross NPL ratio ** 5.3 3.0 6.1 Net NPL ratio ** 3.0 1.5 3.5 Loan to Deposit 110.3 126.8 111
Slide 64: 1Q17 Notable Deals
1Q17 Notable Deals DCM DCM DCM Digi Telecommunications Sdn Bhd Frasers Centrepoint Trust Government of the Hong Kong Special RM5.0 bil in nominal value Sukuk SGD90 mil Senior Unsecured Administrative Region of theFixed Rate People’s Murabahah Programmes Notes due 2020 issued via FCT MTN Pte Ltd Repu
Slide 65: Corporate Responsibility (1)
Corporate Responsibility (1) CIMB Foundation Regional CSR Producing Biodiesel from Used Cooking Oil at CIMB Niaga Empowered People with Disabilities as Universiti Putra Malaysia Telesales Providing the community an alternative source of Trained and provided job opportunity in telesales to Community
Slide 66: Corporate Responsibility (2)
Corporate Responsibility (2) Biodiesel from Used Cooking PIANIS Therapy Centre for Cataract Operations at the Oil, Universiti Putra Malaysia Special Need Children General Hospital, Sri Aman ‘Be$mart’ Financial Literacy CIMB Niaga Empowered People ICT Programme & Library at Programme with Disabilitie
CIMB Group Holdings Berhad — Q1 2017 Earnings Presentation on 6ix