Bank Alfalah Limited · PSX:BAFL
Bank Alfalah — FY2014 Earnings Presentation
15 slides from Bank Alfalah's earnings presentation, Mar 13, 2015
Slide 1: Analyst Briefing – 2014 Performance Review & Outlook
Analyst Briefing – 2014 Performance Review & Outlook 13th March 2015
Slide 2: Basic Data & Market Positioning
Basic Data & Market Positioning Commencement of operations 1997 Head Quarters Karachi Major Sponsors Dhabi Group Credit Rating (Long Term/ Short Term) AA / A1+ Branches 648 (including 157 Islamic Branches) Cities Covered 222 cities in Pakistan, 7 cities overseas International Presence 11 Internation
Slide 3: Balance Sheet Snapshot
Balance Sheet Snapshot Amount PKR Mn Dec-13 Sep-14 Dec-14 YoY QoQ Balance sheet size increased by 22% YoY to Cash 61,205 44,844 50,516 -17% 13% PKR743bn. Bal with banks 35,180 13,796 12,332 -65% -11% Other asset increased due Lending to FI 2,522 40,690 18,313 626% -55% to accrued markup on Advan
Slide 4: Profit & Loss Snapshot
Profit & Loss Snapshot Amount PKR Mn 3Q14 4Q14 QoQ 2013 2014 YoY Net Interest Income (NII) increased 29% YoY, Interest Income 14,796 15,545 5% 43,961 55,378 26% backed by volumetric Interest Expenses 8,892 9,143 3% 27,066 33,505 24% growth and NIMs expansion due to asset Net Int Income 5,904 6,401
Slide 5: Key Ratios
Key Ratios 4Q13 1Q14 2Q14 3Q14 4Q14 NIMs improved due to shift in investment mix Yield on Advances 9.9% 10.2% 10.1% 10.2% 10.4% and re-profiling of Islamic Yield on Investments 9.1% 9.0% 10.0% 10.5% 10.3% Banking Balance Sheet. Cost of Deposits 5.0% 5.1% 5.0% 5.3% 5.2% Cost to income ratio NIM 3
Slide 6: 2014 Performance Review
2014 Performance Review
Slide 7: Advances & Asset Quality Trends
Advances & Asset Quality Trends Contained NPL accretion Coverage maintained at 70% NPLs NPLs/gross advances Provisions Coverage 12% 50 100% 25 10% 40 80% 69% 68% 70% 70% 70% 20 8% 6.8% 30 60% 15 6.6% 6.2% 6.5% 6.4% 13 14 6% 20 40% 12 12 12 10 18 18 18 19 19 4% 10 20% 5 2% - 0% - 4Q13 1Q14 2Q14 3Q14
Slide 8: Deposit Mix & Cost
Deposit Mix & Cost Continuous deposit growth (PKRbn) CASA continues to remain strong (PKRbn) 700 500 69% 71% 600 400 420 606 72% 69% 374 500 526 300 328 64% 57% 277 400 457 200 225 401 184 300 354 100 325 200 ‐ 2009 2010 2011 2012 2013 2014 2009 2010 2011 2012 2013 2014 Deposit Mix (December 2014) D
Slide 9: Appendix
Appendix
Slide 10: Balance Sheet Summary
Balance Sheet Summary Amount in PKR Mn 2010 2011 2012 2013 2014 4yr-CAGR Cash & Bal. with treasury bank 41,198 50,883 58,044 61,205 55,378 5% Balances with other banks 16,179 17,424 26,721 35,180 12,332 -7% Lending to FIs 6,498 7,765 877 2,522 18,313 30% Advances (net) 207,153 198,469 233,933 260,78
Slide 11: Profit & Loss Summary
Profit & Loss Summary Amount in PKR Mn 2010 2011 2012 2013 2014 4yr-CAGR Interest income 37,530 44,298 46,080 43,961 55,378 10% Interest expense 23,855 25,687 27,500 27,066 33,505 9% Net interest income 13,675 18,611 18,580 16,895 21,873 12% NPL Provisions 2,269 1,870 1,850 959 1,448 -11% Investment
Slide 12: Key Ratios
Key Ratios 2010 2011 2012 2013 2014 Capital Adequacy Ratio (Tier-I) 7.1% 8.6% 8.5% 8.4% 9.6% Capital Adequacy Ratio Total 10.5% 11.6% 12.6% 12.1% 12.8% Net Interest Margins 4.1% 5.1% 4.4% 3.5% 3.8% Admin Cost to Income Ratio 68.4% 57.7% 58.8% 68.7% 65.6% Non Interest Income as % of total 25.6% 22.4%
Slide 13: Snapshot of the Bank: Stock Market Related Data
Snapshot of the Bank Stock Market Related Data Bloomberg Code BAFL PA Reuters Code BAFL.KA Shares Outstanding (mn) 1587.24 Market Capitalization (PKRbn) 46.92 Market Capitalization (US$mn)* 461.35 Average Daily Turnover (mn shares) 3.09 Average Daily Turnover (US$mn)* 0.90 Current Stock Price (PKR)*
Slide 14: Disclaimer
Disclaimer This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as
Slide 15: Contact Information
Contact Information For any queries: Imtiaz Gadar, CFA Head of Public Markets Bank Alfalah Limited Ph# +92 21 3241 6979 +92 21 3242 3617 Imtiaz.gadar@bankalfalah.com 15