Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — H1 2015 Earnings Presentation
66 slides from Cimb Group Holdings Bhd's earnings presentation, Aug 28, 2015
Slide 1: Analyst Presentation 1H15 Results
Analyst Presentation 1H15 Results 28 August 2015
Slide 2: Agenda
Agenda 1. Key Highlights 2. CIMB Group 1H15 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 4. T18 Updates 5. Other Highlights 6. Final Remarks 2
Slide 3: 1. Key Highlights
CIMB Group : 1H15 Results 1. Key Highlights
Slide 4: Key Financial Highlights
Key Financial Highlights Operating Income Overhead Expenses Loan Impairment RM ‘mil RM ‘mil RM ‘mil +8.2% Y-o-Y +312.0% Y-o-Y +6.0% Y-o-Y +4.2% Q-o-Q -0.9% Q-o-Q 6,945 7,514 1,2 -0.7% Q-o-Q (1,063) (4,019) (4,262) 3,834 1 2 3,680 (2,138) (2,124) (534) (529) (258) 1H14 1H15 1Q15 2Q15 1H14 1H15 1Q15 2
Slide 5: Key Ratios
Key Ratios ROE NIM CI -350bps -24bps -120bps -270bps +80bps -4bps 1 1,2,3 2.88% 58.1% 12.2% 1 2,3 57.9% 1,2 8.7% 8.2% 9.0% 56.7% 2.64% 2.65% 2.61% 2 55.4% 1H14 1H15 1Q15 2Q15 1H14 1H15 1Q15 2Q15 1H14 1H15 1Q15 2Q15 BAU BAU BAU BAU BAU BAU LD CASA Loan Loss Charge +40bps +520bps +55bps -3bps +100bps
Slide 6: PBT By Segments
PBT By Segments 1H15*~ 1H14 Group Funding Group Funding 6% 10% GAMI GAMI Consumer 6% Consumer 5% Banking Banking 30% 41% Wholesale Banking 33% Wholesale Banking Commercial Commercial 42% Banking Banking 13% 14% 1H15*~ PBT Growth by Key Divisions Consumer Commercial Wholesale Group Asset Group Bankin
Slide 7: PBT By Country
PBT By Country 1H15^* 1H14^ Others Singapore Others Singapore 5% 6% -1% 9% Thailand Thailand 4% 4% Indonesia Indonesia 4% 26% Malaysia Malaysia 65% 78% 1H15^* PBT Y-o-Y Growth by Key Countries PPOP Y-o-Y +1.9% ^* -5.3% 64.6% +40.0% PBT Y-o-Y +1.1%^* -87.4% -18.4%* +36.9% PBT Q-o-Q +10.4%^* +6.7% -11
Slide 8: 2. CIMB Group 1H15 Financials
CIMB Group : 1H15 Results 2. CIMB Group 1H15 Financials
Slide 9: Quarterly Earnings Trend
Quarterly Earnings Trend Private Placement 14.0% 14.1% 14.1% 13.0% 10.7% 9.8% 9.0% 8.2% 2.7% 3,797 3,680 3,834 3,445 3,485 3,538 3,407 3,529 3,545 1,387 1,386 1,375 1,431 1,281 1,199 1,066 1,179 1,026 1,054 1,062 1,051 950 890 877 782 386 252 > + 2Q13 ~ 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 ^ 1Q15 2Q15 Oper
Slide 10: Earnings Summary
Earnings Summary 1H15 2Q15 1Q15 (RM ’mil) 1H14 Y-o-Y Q-o-Q BAU* BAU* BAU* Net interest income 5,118 4,902 4.4% 2,601 2,517 3.3% Non interest income 2,396 2,043 17.3% 1,233 1,163 6.0% Operating income 7,514 6,945 8.2% 3,834 3,680 4.2% Overhead expenses (4,262) (4,019) 6.0% (2,124) (2,138) (0.7%) PPOP
Slide 11: Key Ratios
Key Ratios 1H15 2Q15 1Q15 (%) 1H14 Y-o-Y Q-o-Q BAU* BAU* BAU* ROE ^ 8.7 12.2 9.0 8.2 NIM ^** 2.64 2.88 2.61 2.65 Non-interest income / total income 31.9 29.4 32.1 31.6 Cost to income 56.7 57.9 55.4 58.1 Allowance coverage # 86.1 84.1 86.1 91.5 Loan loss charge ^ 0.76 0.21 0.76 0.79 Gross impaired lo
Slide 12: Operating Expenses
Operating Expenses (RM ’mil) 1H15 BAU* 1H14 Y-o-Y 2Q15 BAU* 1Q15 BAU* Q-o-Q Personnel 2,411 2,258 6.8% 1,202 1,209 (0.6%) Establishment 954 938 1.7% 475 479 (0.8%) Marketing 181 174 4.0% 85 96 (11.5%) Admin & General 716 649 10.3% 362 354 2.3% Total 4,262 4,019 6.0% 2,124 2,138 (0.7%) Total (Actual)
Slide 13: Gross Loans Growth
Gross Loans Growth Loans by Country as at 30 Jun 15 # Divisions / Products (RM ‘bil) 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Others Singapore 7% Consumer Banking (49.8%) 138.2 121.1 14.1% 134.2 2.9% 12% Mortgages 66.8 58.4 14.4% 64.5 3.6% Thailand Term Loans 31.7 28.5 11.2% 31.3 1.3% 8% Malaysia A
Slide 14: Deposits Growth
Deposits Growth Deposits by Country as at 30 Jun 15 Divisions / Products (RM ‘bil) 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Others Consumer Banking (41.9%) 124.6 112.4 10.9% 123.5 0.9% Singapore 5% 10% Commercial Banking (13.8%) 40.9 32.9 24.3% 39.3 4.1% Thailand Wholesale Banking # (44.3%) 131.8 1
Slide 15: CASA Growth
CASA Growth CASA by Country as at 30 Jun 15 Country (RM ‘bil) 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Malaysia 60.1 56.4 6.6% 59.6 0.8% Singapore Others 11% 2% Indonesia ** 25.0 20.5 22.0% 22.4 11.6% Thailand 6% Thailand 6.1 4.9 24.5% 6.8 (10.3%) Singapore 11.6 10.9 6.4% 11.5 0.9% Indonesia Malays
Slide 16: Capital Management : CIMB Group
Capital Management : CIMB Group Capital Ratios Min Req. ^ + + 10.1% # CET1 4.5% 9.7% 10.0% 9.7% ^ + + # 11.2% 11.5% 11.2% 11.0% Tier 1 6.0% ^ + + # 15.0% 15.1% 14.3% 13.9% Total Capital 8.0% Sep-14 Dec-14 Mar-15 Jun-15 Leverage Ratio (times) Gearing Ratio Double Leverage Ratio + # # # ^ 16.7 16.6 +
Slide 17: 3. PBT by Segment
CIMB Group : 1H15 Results 3. PBT by Segment
Slide 18: PPOP by Segments (Estimated)
PPOP by Segments (Estimated) 1H15 2Q15 1Q15 PPOP (RM ’mil) 1H14 Y-o-Y Q-o-Q BAU* BAU* BAU* Consumer Banking (38.8%) 1,262 1,099 14.8% 650 612 6.2% Commercial Banking (12.3%) 399 301 32.6% 212 187 13.4% Wholesale Banking (41.9%) 1,364 1,177 15.9% 703 661 6.4% Corporate Banking (31.0%) 1,009 770 31.0%
Slide 19: PBT by Segments (Estimated)
PBT by Segments (Estimated) 1H15 2Q15 1Q15 PBT (RM ’mil) 1H14 Y-o-Y Q-o-Q BAU* BAU* BAU* Consumer Banking (41.6%) 925 802 15.3% 491 434 13.1% Commercial Banking (13.7%) 304 354 (14.1%) 105 199 (47.2%) Wholesale Banking (33.1%) 737 1,144 (35.6%) 444 293 51.5% Corporate Banking (17.1%) 380 738 (48.5%)
Slide 20: 3.1 Regional Consumer Banking
CIMB Group : 1H15 Results 3.1 Regional Consumer Banking
Slide 21: Consumer Banking
Consumer Banking (RM ‘mil) 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q Net interest income 2,485 2,194 13.3% 1,256 1,229 2.2% Non interest income 788 771 2.2% 394 394 - Operating income 3,273 2,965 10.4% 1,650 1,623 1.7% Overhead expenses (2,011) (1,866) 7.8% (1,000) (1,011) (1.1%) PPOP 1,262 1,099 14.8% 650 61
Slide 22: Consumer Banking : Gross Loans
Consumer Banking : Gross Loans Country 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Malaysia (RM ‘bil) 105.9 94.3 12.3% 102.9 2.9% Indonesia (IDR ‘bil) 51,252 47,953 6.9% 50,526 1.4% Thailand (THB ‘bil) 90.5 77.4 16.9% 86.4 4.7% Singapore (SGD ‘mil) 2,482 2,226 11.5% 2,426 2.3% Others* (RM ‘bil) 0.4 0.
Slide 23: Consumer Banking : Deposits
Consumer Banking : Deposits Country 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Malaysia (RM ‘bil) 77.2 71.7 7.7% 75.7 2.0% Indonesia (IDR ‘bil) 88,818 78,792 12.7% 86,796 2.3% Thailand (THB ‘bil) 117.4 94.9 23.7% 123.9 (5.2%) Singapore (SGD ‘mil) 4,097 4,369 (6.2%) 4,168 (1.7%) Others* (RM ‘bil) 0.4
Slide 24: Malaysia : Consumer Key Highlights
Malaysia : Consumer Key Highlights Y-o-Y Q-o-Q Credit Cards Consumer Gross Loans * 12.3% 2.9% Total Spending (industry) : +8.1% Y-o-Y Mortgages 12.5% 3.6% 929 842 Term loans 11.5% 1.5% +10.4% Y-o-Y Auto 2.3% (0.7%) Credit cards 13.6% 0.0% 8,155 7,388 Consumer Deposits 7.7% 2.0% CASA 3.2% 1.4% Fixed
Slide 25: Indonesia : Consumer Key Highlights
Indonesia : Consumer Key Highlights Y-o-Y Q-o-Q Mortgages Loan Base Consumer Gross Loans 6.9% 1.4% IDR ‘tril Mortgages 3.1% 1.3% +3.1% Y-o-Y Auto 5.0% 0.3% +1.3% Q-o-Q 23.0 Credit cards 27.0% 5.0% 22.7 Consumer Deposits 12.7% 2.3% 22.3 CASA 10.0% 1.5% Fixed & structured 15.4% 3.1% deposits Jun-14 Ma
Slide 26: Thailand : Consumer Key Highlights
Thailand : Consumer Key Highlights Y-o-Y Q-o-Q Number of New Preferred Customers Consumer Gross Loans * 16.9% 4.7% +24.9% Y-o-Y Mortgages 21.4% 6.4% Auto Loans 9.3% 2.6% 6,005 Personal / Others 9.4% 1.0% 4,807 Consumer Deposits 23.7% (5.2%) CASA 0.4% 2.2% Fixed & structured 33.6% (7.4%) 1H14 1H15 de
Slide 27: Singapore : Consumer Key Highlights
Singapore : Consumer Key Highlights Y-o-Y Q-o-Q Mortgages Loan Base Consumer Gross Loans 11.5% 2.3% SGD ‘mil Mortgages 7.7% 1.8% +7.7% Y-o-Y Term loans 2.9% (1.1%) +1.8% Q-o-Q Credit cards 12.0% 3.5% 1,703 1,673 Consumer Deposits (6.2%) (1.7%) 1,581 CASA (14.0%) (3.3%) Fixed & structured 19.5% 2.3%
Slide 28: New Campaigns
New Campaigns Unfixed Deposit 3.9% Swipe and Drive WIP Visual CIMB Fiesta - Penang Place a 3 months Campaign Annual event for card FD with RM10k for Regional Dining members to redeem individuals or campaign to highlight their bonus points & RM100k for business available deals for enjoy deals t
Slide 29: 3.2 Regional Commercial Banking
CIMB Group : 1H15 Results 3.2 Regional Commercial Banking
Slide 30: Commercial Banking
Commercial Banking (RM ‘mil) 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q Net interest income 778 670 16.1% 398 380 4.7% Non interest income 163 122 33.6% 83 80 3.8% Operating income 941 792 18.8% 481 460 4.6% Overhead expenses (542) (491) 10.4% (269) (273) (1.5%) PPOP 399 301 32.6% 212 187 13.4% (Provisions) /
Slide 31: Commercial Banking : Gross Loans
Commercial Banking : Gross Loans Country 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Malaysia (RM ‘bil) 13.0 11.2 16.1% 12.4 4.8% Indonesia (IDR ‘bil) 35,936 33,316 7.9% 35,345 1.7% Thailand (THB ‘bil) 50.5 45.7 10.5% 50.5 0.0% Singapore (SGD ‘mil) 3,132 2,879 8.8% 3,332 (6.0%) Others* (RM ‘bil) 0.6 0
Slide 32: Commercial Banking : Deposits
Commercial Banking : Deposits Country 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Malaysia (RM ‘bil) 17.4 16.1 8.1% 17.8 (2.2%) Indonesia (IDR ‘bil) 34,850 32,863 6.0% 34,937 (0.2%) Thailand (THB ‘bil) 22.2 13.1 69.5% 17.0 30.6% Singapore (SGD ‘mil) 3,353 2,362 42.0% 3,190 5.1% Others* (RM ‘bil) 1.0 0
Slide 33: 3.3 Regional Wholesale Banking
CIMB Group : 1H15 Results 3.3 Regional Wholesale Banking
Slide 34: ASEAN M&A, Equities, ECM and IPO Activities
ASEAN M&A, Equities, ECM and IPO Activities Industry ASEAN ECM MSCI SEA Traded Value USD ‘mil USD ‘bil +8.4% Y-o-Y +2.4% Y-o-Y 9,591 10,394 -7.5% Q-o-Q 212 -5.5% Q-o-Q 207 5,400 4,994 109 103 1H14 1H15 1Q15 2Q15 1H14 1H15 1Q15 2Q15 Industry ASEAN IPO Industry ASEAN M&A USD ‘mil USD ‘mil +9.8% Y-o-Y
Slide 35: Primary Bonds : Surged Q-o-Q
Primary Bonds : Surged Q-o-Q Bond Yields ASEAN Issuance USD ‘bil 10 -28.0% Y-o-Y 8 34.6 6 +39.4% Q-o-Q 24.9 4 14.5 10.4 2 0 30-Jun-14 30-Sep-14 31-Dec-14 31-Mar-15 30-Jun-15 1H14 1H15 1Q15 2Q15 MY 10Y Gov Bond IND 10Y Gov Bond TH 10Y Gov Bond SGD 10Y Gov Bond Malaysia Issuance Indonesia Issuance Tha
Slide 36: Wholesale Banking
Wholesale Banking 1H15 1Q15 (RM ‘mil) 1H14 Y-o-Y 2Q15 Q-o-Q BAU* BAU* Net interest income 1,621 1,632 (0.7%) 810 811 (0.1%) Non interest income 1,103 889 24.1% 580 523 10.9% Operating income 2,724 2,521 8.1% 1,390 1,334 4.2% Overhead expenses (1,360) (1,344) 1.2% (687) (673) 2.1% PPOP 1,364 1,177 15
Slide 37: Wholesale Banking : Corporate Banking
Wholesale Banking : Corporate Banking (RM ‘mil) 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q Net interest income 1,144 950 20.4% 572 572 0.0% Non interest income 379 352 7.7% 212 167 26.9% Operating income 1,523 1,302 17.0% 784 739 6.1% Overhead expenses (514) (532) (3.4%) (261) (253) 3.2% PPOP 1,009 770 31.0% 5
Slide 38: Wholesale Banking : Gross Loans
Wholesale Banking : Gross Loans Country 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Malaysia (RM ‘bil) 31.7 30.5 3.9% 30.8 2.9% Indonesia (IDR ‘bil) 93,633 83,395 12.3% 90,603 3.3% Thailand (THB ‘bil) 51.9 51.0 1.8% 48.4 7.2% Singapore (SGD ‘mil) 5,641 4,755 18.6% 4,917 14.7% Others* (RM ‘bil) 16.9 9.
Slide 39: Wholesale Banking : Deposits
Wholesale Banking : Deposits Country 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Malaysia (RM ‘bil) 53.5 50.4 6.2% 61.6 (13.1%) Indonesia (IDR ‘bil) 62,322 54,175 15.0% 59,916 4.0% Thailand (THB ‘bil) 36.7 50.3 (27.0%) 44.5 (17.5%) Singapore (SGD ‘mil) 2,324 1,430 62.5% 1,988 16.9% Others* (RM ‘bil) 1
Slide 40: Wholesale Banking : Treasury & Markets
Wholesale Banking : Treasury & Markets (RM ’mil) 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q Net interest income 400 514 (22.2%) 198 202 (2.0%) Non interest income 259 205 26.3% 149 110 35.5% Operating income 659 719 (8.3%) 347 312 11.2% Overhead expenses (300) (254) 18.1% (159) (141) 12.8% PPOP 359 465 (22.8%)
Slide 41: Wholesale Banking : Investment Banking
Wholesale Banking : Investment Banking 1H15 1Q15 (RM ’mil) 1H14 Y-o-Y 2Q15 Q-o-Q BAU* BAU* Net interest income 77 169 (54.4%) 40 37 8.1% Non interest income 465 331 40.5% 219 246 (11.0%) Operating income 542 500 8.4% 259 283 (8.5%) Overhead expenses (545) (558) (2.3%) (266) (279) (4.7%) PPOP (3) (58
Slide 42: Notable Deals
Notable Deals DCM M&A Republic of Indonesia CapitaMalls Malaysia Trust USD2.0 bil Trust Certificates due 2025 issued via RM540.0 mil acquisition of Tropicana City Mall Perusahaan Penerbit SBSN Indonesia III and Tropicana City Office Tower by AmTrustee (Largest ever single-tranche USD Sukuk issuance
Slide 43: 3.4 Group Asset Management & Investments
CIMB Group : 1H15 Results 3.4 Group Asset Management & Investments
Slide 44: Group Asset Management & Investments
Group Asset Management & Investments 1H15 2Q15 PBT (RM ‘mil) 1H14 Y-o-Y 1Q15 Q-o-Q BAU* BAU* CIMB-P Group 57.0 41.4 37.7% 30.8 26.2 17.6% Strategic Investments & Others 64.5 91.0 (29.1%) 35.1 29.4 19.4% PE Fund Management 4.5 2.9 55.2% 5.3 (0.8) +ve Integrated Funds 12.6 3.5 260.0% (0.5) 13.1 -ve Ca
Slide 45: 3.5 Group Funding
CIMB Group : 1H15 Results 3.5 Group Funding
Slide 46: Group Funding
Group Funding (RM ‘mil) 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q Net interest income 215 391 (45.0%) 128 87 47.1% Non interest income 87 60 45.0% 34 53 (35.8%) Total income 302 451 (33.0%) 162 140 15.7% Overhead expenses (167) (175) (4.6%) (72) (95) (24.2%) PPOP 135 276 (50.9%) 90 45 100.0% (Provisions) / Wr
Slide 47: 4. T18 Updates
CIMB Group : 1H15 Results 4. T18 Updates
Slide 48: T18 Summary Updates
T18 Summary Updates Structure Differentiation A Strategic Projects B and Governance C and Optimisation Key strategic and transformational Inward looking organisational and Differentiated, innovative and projects process changes synergy focused tactical strategies Cost Management Structural re-al
Slide 49: 5. Other Highlights
CIMB Group : 1H15 Results 5. Other Highlights
Slide 50: Malaysia : CIMB Islamic
Malaysia : CIMB Islamic Ranking of Total Islamic Assets as at 31 Mar 2015 1H15 1H14 Sukuk Total Assets Market Market Market Rank Company Rank Rank RM ’mil Share Share Share 1 Maybank Islamic 158,590 30% Malaysia 23.7% 2 31.4% 1 2 CIMB Islamic 58,938 11% Asia ex-Japan 22.4% 1 29.0% 1 3 Bank Islam 46,
Slide 51: Corporate Responsibility
Corporate Responsibility CIMB Foundation CIMB Islamic 28th SEA Games Singapore 2015 Buka Puasa for Flood Victims CIMB’s Junior Golf Development Programme Buka Puasa meals for 9,512 people in 3 villages in Rivani Adelia Sihotong Kelantan in cooperation with Yayasan Orang Kurang • Silver Medal • Team
Slide 52: 6. Final Remarks
CIMB Group : 1H15 Results 6. Final Remarks
Slide 53: Targets for 2015
Targets for 2015 1H15 Y-o-Y FY15 Target 1,3 ROE 8.7% 11.0% Dividend Payout Ratio 21% 4 40% 5 Total Loans Growth * 16.5 % (12.2% ) 10% Loan Loss Charge 0.76% 4 40-50 bps CET 1 (CIMB Group) 9.7% 2 > 10% Cost to Income 56.7% 3,4 < 55% Notes: * Excluding bad bank 1. 1H15 Annualised 2. As at 30 Jun-15 3.
Slide 54: Final Remarks
Final Remarks Operating environment remains challenging with softer economic outlook and slower capital market activities regionally Asset quality remains a core focus in Indonesia and Thailand. Provisions to stay elevated subject to economic environment Good consumer & commercial banking momentum t
Slide 55: Thank You
THANK YOU 55
Slide 56: Analyst Presentation 1H15 Results
Analyst Presentation 1H15 Results 28 August 2015
Slide 57: Appendices
CIMB Group : 1H15 Results Appendices
Slide 58: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes (RM ‘mil) 30 Jun 15 30 Jun 14 Y-o-Y 31 Mar 15 Q-o-Q Cash & short term funds 31,898 35,666 (11%) 39,488 (19%) Securities purchased under resale agreements 6,869 4,466 54% 5,616 22% Deposits & placements with financial institutions 6,403 3,425 87% 7,380 (13%) Financi
Slide 59: CIMB Niaga : Earnings Summary
CIMB Niaga : Earnings Summary (IDR ‘bil) 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q Net interest income 5,546 5,113 8.5% 2,748 2,798 (1.8%) Non interest income 1,180 1,511 (22.1%) 576 604 (4.7%) Operating income 6,726 6,624 1.5% 3,324 3,402 (2.3%) Overhead expenses (3,712) (3,422) 8.4% (1,865) (1,848) 1.0% PPO
Slide 60: CIMB Niaga : Key Ratios
CIMB Niaga : Key Ratios (Consolidated, %) 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q ROE ^ 1.2 14.5 1.3 1.2 NIM ^ 5.08 5.24 5.04 5.22 Cost to Income 55.2 51.7 56.1 54.3 Loan Loss Coverage # 99.6 86.5 99.6 102.6 Allowance Coverage 74.4 66.1 74.4 78.3 Loan Loss Charge ^ 3.0 0.7 2.9 3.3 Gross Impaired Loans Ratio
Slide 61: CIMB Thai : Earnings Summary
CIMB Thai : Earnings Summary Before GAAP Adjustments 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q (THB ‘mil) Net interest income 3,957 3,770 5.0% 2,043 1,914 6.7% Non interest income 2,121 1,363 55.6% 1,072 1,049 2.1% Operating income 6,078 5,133 18.4% 3,115 2,964 5.1% Overhead expenses (3,483) (3,440) 1.3% (1,7
Slide 62: CIMB Thai : Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) 1H15 1H14 Y-o-Y 2Q15 1Q15 Q-o-Q ROE ^ 3.1 5.6 3.8 2.3 NIM ^ 3.05 3.35 3.16 2.95 Cost to Income 57.3 67.0 54.6 60.1 Loan Loss Coverage ** 94.3 100.8 94.3 94.1 Loan Loss Charge ^ 2.2 1.0 2.3 2.2 Gross NPL ratio ** 3.9 3.1 3.9 3.7 Net NPL ratio ** 2.2 1.8 2.2 2.
Slide 63: Asset Quality Ratios – CIMB Group
Asset Quality Ratios – CIMB Group 84.3% 84.8% 83.8% 84.2% 82.3% 82.8% 82.3% 82.1% 82.2% 82.7% 79.2% 84.0% 83.7% 77.9% 82.6% 82.6% 81.8% 83.6% 82.2% 81.9% 81.7% 81.7% 74.2% 77.4% 76.9% 71.9% 4.4% 4.2% 3.8% 3.8% 3.6% 3.4% 3.2% 3.1% 3.1% 3.3% 3.2% 3.3% 3.1% 3.6% 3.5% 3.2% 3.1% 2.9% 2.9% 3.1% 3.0% 2.7%
Slide 64: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) 1H15 1H14 1H15 1H14 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 11.3% 1 11.0% 1 Cash Equities 5.0% 3 4.4% 4 IPO 11.7% 1 10.5% 4 IPO 2.1% 13 - - ECM 30.6% 1 25.0% 1 ECM 1.0% 16 - - EQL Products - - - - EQL Products - - - - M&A
Slide 65: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) 1H15 1H14 1H15 1H14 Market Market ASEAN Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 0.3% 45 0.3% 50 Cash Equities 4.4% 2 5.1% 2 IPO 1.1% 23 1.9% 17 IPO 4.1% 6 5.3% 5 ECM 0.6% 33 0.8% 26 ECM 8.1% 3 10.7% 1 EQL Products - - - - EQL Products -
Slide 66: AFS Q-o-Q Position
AFS Q-o-Q Position 330.1 232.5 149.8 142.6 (4.6) Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 66
CIMB Group Holdings Berhad — H1 2015 Earnings Presentation on 6ix