Bank Alfalah Limited · PSX:BAFL
Bank Alfalah — FY2016 Earnings Presentation
15 slides from Bank Alfalah's earnings presentation, Mar 9, 2017
Slide 1: Analyst Briefing – 2016 Performance Review & Outlook
Analyst Briefing – 2016 Performance Review & Outlook 09th March 2017
Slide 2: Introductory Snapshot
Introductory Snapshot Commencement of Operations 1997 Head Quarters Karachi Major Sponsors Dhabi Group Credit Rating (Long Term / Short Term) AA+ / A1+ Branches 639 (including 153 Islamic Branches) Cities Covered 225 cities in Pakistan, 7 cities overseas International Presence 11 International Branc
Slide 3: Balance Sheet Snapshot
Balance Sheet Snapshot Amount PKR Mn Dec-15R Sep-16R Dec-16 YoY QoQ Balance sheet size increased by 2% YoY to Cash 62,369 63,640 74,071 19% 16% PKR917bn. Bal with banks 16,552 8,785 9,373 -43% 7% Advances growth continued with 13% Lending to FI 27,626 26,332 30,149 9% 14% increase in 2016. Advan
Slide 4: Profit & Loss Snapshot
Profit & Loss Snapshot Amount PKR Mn 3Q16 4Q16 QoQ 2015 2016 YoY Net Interest Income grew 1% YoY, despite reduction Interest Income 13,735 13,796 0% 61,438 57,245 -7% in rates and maturing PIBs. NII also remained Interest Expenses 6,702 6,713 0% 32,811 28,474 -13% marginally positive on QoQ basis.
Slide 5: Key Ratios
Key Ratios 1Q16 2Q16 3Q16 4Q16 2015 2016 Decline in yields on earnings assets was Yield on Advances 6.9% 7.1% 6.9% 6.8% 9.1% 7.3% compensated by increase in volumes and reduction Yield on Investments 8.7% 8.5% 7.6% 7.4% 9.9% 8.2% in cost of deposits. Cost of Deposits 3.3% 3.1% 3.0% 2.9% 4.0% 3.0%
Slide 6: 2016 Performance Review
2016 Performance Review
Slide 7: Advances & Asset Quality Trends
Advances & Asset Quality Trends NPLs mostly contained Specific Coverage improved to 86% NPLs NPLs/gross advances Provisions Coverage 40 100.0% 25 83.7% 83.1% 86.1% 9% 80.6% 82.1% 20 30 75.0% 7% 5.7% 5.4% 4.8% 15 5.3% 5.3% 15.7 15.7 15.6 16.4 15.5 20 50.0% 5% 18.5 19.4 19.1 18.7 19.0 10 10 25.0% 3% 5
Slide 8: Deposit Mix & Cost
Deposit Mix & Cost Deposit Growth Trend (PKRbn) CASA Continues to Remain Strong (PKRbn) 700 600 Thousands 83% 600 640 641 500 75% 477 606 70% 422 500 400 71% 526 374 72% 328 400 457 69% 300 277 401 225 300 200 200 100 2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016 Deposit Mix (Dec 2016)
Slide 9: Appendix
Appendix
Slide 10: Balance Sheet Summary
Balance Sheet Summary 5yr- Amounts in PKR mn 2011 2012 2013 2014 2015 2016 CAGR Cash & Bal. with Treasury Bank 50,883 58,044 61,205 50,516 62,369 74,071 8% Balances with Other Banks 17,424 26,721 34,764 12,332 16,552 9,373 -12% Lending to FIs 7,765 877 2,522 18,313 27,626 30,149 31% Advances (Net) 1
Slide 11: Profit & Loss Summary
Profit & Loss Summary 5yr- Amounts in PKR mn 2011 2012 2013 2014 2015 2016 CAGR Interest Income 44,298 46,080 43,961 55,378 61,438 57,245 5% Interest Expense 25,687 27,500 27,066 33,505 32,811 28,474 2% Net Interest Income 18,611 18,580 16,895 21,873 28,627 28,770 9% NPL Provisions 1,865 1,850 959 1
Slide 12: Key Ratios
Key Ratios 2011 2012 2013 2014 2015 2016 Capital Adequacy Ratio (Tier-I) 8.6% 8.5% 8.4% 9.6% 9.6% 9.9% Capital Adequacy Ratio Total 11.6% 12.6% 12.1% 12.8% 13.3% 13.2% Net Interest Margins 5.1% 4.4% 3.5% 3.9% 4.2% 3.7% Admin Cost to Income Ratio 57.7% 58.8% 68.7% 65.4% 58.6% 62.2% Non Interest Incom
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) 1595.21 Market Capitalization (PRsbn) 61.6 Market Capitalization (US$mn)* 588 Average Daily Turnover (mn shares) 2.2 Average Daily Turnover (US$mn)* 0.8 Current Stock Price** 38.64 12M
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