Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q1 2022 Earnings Presentation
13 slides from Mizrahi Tefahot Bank's earnings presentation, May 2022
Slide 1: Financial statements
COO Financial statements | CoumMTB
Slide 2: Disclaimer
Q1/22 Disclaimer • This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company's presentation. The information contained in this document constitutes information from the bank's 2022 quarterly reports and/ or immediate reports, as well as the periodic, quarterly
Slide 3: Macro environment
Q1/22 Macro environment Unemployment rate)1()2( GDP growth)1( co CXI CXI CXI CXI CXI o o o o CXI CXI CXI CXI CXI CXI o CXI Bank of Israel interest rate and inflation Known CPI - monthly change 1) 2022F according to BoI forecast from April 2022 2) From March 2020 onwards - Broad Unemployment Rate, in
Slide 4: Overview of Mizrahi-Tefahot
Q1/22 Overview of Mizrahi-Tefahot Leading Israeli Bank NIS 394bn NIS 283bn NIS 313bn Total Assets1 Net Loans to the public1 Deposits from the public1 NIS 2.1bn NIS 3.2bn NIS 1.2bn Net Interest Revenue2 Total Revenue2 Net Profit2 NIS 29.0bn >7,600 225 Market Cap3 Employees5 Branches4,5 Significant Ma
Slide 5: Financial Highlights
Q1/22 Financial Highlights Total Assets (NISbn) Net Loans to the Public (NISbn) Deposits from the Public (NISbn) 394 313 Balance Sheet 392 1.8% 1 16.9% 1 283 308 6.1%1 271 Growth Dec-21 Mar-22 Dec-21 Mar-22 Dec-21 Mar-22 Cost/Income Ratio Return on Equity 55.3% 43.2% 48.8% 21.9% Profitability 14.1%
Slide 6: Asset quality (NIS mil)
Q1/22 Asset quality (NIS mil) Provisions / loans to Segment Q1/2022 Q1/2021 the public Provision Rate of provision Provision Rate of provision Housing loans 14 0.03% )23( )0.06%( Business 61 0.33% 46 0.28% Households 0.11% 4 0.06% )10( )0.16%( 0.02% Total ______ 79 0.11% 13 0.02% Q1 2021 Q1 2022 CEC
Slide 7: Profitability and efficiency
Q1/22 Profitability and efficiency Net profit (nis mil) Return on equity Cost/income ratio 1,154 Q1/2021 Q4/2021 Q1/2022 The bank recorded the highest profit and ROE and best cost/income ratio ever (1) Excluding effect of capital gain, net from sale of assets, net profit return on equity in the firs
Slide 8: Continuous loan growth
Q1/22 Continuous loan growth cni$ nd Business segment 31.3.22 31.3.21 % change in Housing loans 181.3 158.8 14.2 Households + private 26.6 25.5 4.3 banking Total individuals 207.9 184.3 12.8 Total businesses® 75.0 65.2 15.0 Total 282.9 249.5 13.4 (1) Excluding Union Bank credit Supervisory operating
Slide 9: Continuous deposit growth (NIS bil)
Q1/22 Continuous deposit growth (NIS bil) Deposits from the public (nis bil) Core deposits(1)(NIS bil) ------------ - 6^—> annual 209 308 313 194 *i *i /i 127 137 284 106 114 168 211 247 199 211 178 184 2015 2016 2017 2018 2019 2020 2021 31.3.22 162 Core deposits (1) by segments Segment 103.7 142.cr
Slide 10: Financing revenues from current operations continue to grow
Q1/22 Financing revenues from current operations continue to grow Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Q1/2019 Q2/2019 Q3/2019 Q4/2019 Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/2022 Fr
Slide 11: Expenses
Q1/22 Expenses Operating and other expenses (NIS mil) Salaries (NIS mil) Q1/2021 2021 quarterly Q1/2022 average 10 I v^UmTB
Slide 12: Credit, equity, capital adequacy and dividend policy
Q1/22 Credit, equity, capital adequacy and dividend policy Credit to the public growth Leverage ratio • Significant increase of credit growth (NIS bil) 5.31% 5.18% rate in Q1/2022 - increase by ~12 NIS bil which is the 2015-2020 average annual growth(1) 31.12.21 31.3.22 • Draft update to Proper Cond
Slide 13: Thank you
Thank you 12 I v^UmTB