Rizal Commercial Banking Corporation · PSE:RCB
Rizal Commercial Banking — FY2024 Earnings Presentation
31 slides from Rizal Commercial Banking's earnings presentation, 2025
Slide 1: Disclaimer
Disclaimer ANY INVESTMENT DECISION TO PURCHASE SECURITIES IN THE CONTEXT OF A PROPOSED OFFERING, IF ANY, SHOULD BE MADE ON THE BASIS OF THE FINAL TERMS AND CONDITIONS OF THE SECURITIES AND THE INFORMATION CONTAINED IN THE OFFERING CIRCULAR PUBLISHED IN RELATION TO SUCH AN OFFERING AND NOT ON THE BAS
Slide 2: RCBC FY 2024 Investor Presentation
RCBC FY 2024 Investor Presentation 2
Slide 3: FY 2024 Performance
FY 2024 Performance e.
Slide 4: Full Year 2024 Key Highlights
Full Year 2024 Key Highlights Driving strong core earnings and consumer loans 8,426 ₱9.5B • Sustained revenue growth with gross income up by 6.6% and NIM improving to 3.9% • Consumer lending momentum with 40% growth, led by credit cards, auto and housing loans ATMGo Terminals as net income of Decemb
Slide 5: Consolidated Financial Overview
Consolidated Financial Overview Income Statement FY24 FY23 Change YoY Financial Ratios FY24 FY23 YoY Gross Income 53,408 49,997 3,411 6.8% PROFITABILITY Net Interest Income 42,501 33,629 8,872 26.4% ROE2 6.0% 9.5% -3.5% Fee Income 8,485 7,081 1,404 19.8% ROA 0.8% 1.1% -0.3% Operating Expenses 31,801
Slide 6: Sustained Revenue Boosted By Core Businesses
Sustained Revenue Boosted By Core Businesses Gross Revenue YoY Quarterly Net Interest Income 25% Q-on-Q 11.2 11.6 56.1 53.4 7% 9.3 9.6 10.2 3.9% 3.8% 3.7% 3.6% (34%) 3.4% 10.91 Q423 Q124 Q224 Q324 Q424 16.37 Net Interest Income Quarterly NIM Fee Income 18% YoY 18% 26.4% 42.50 6% 33.63 58% 18% FY23 F
Slide 7: Diversified Loan Portfolio Powered By Consumer Loans
Diversified Loan Portfolio Powered By Consumer Loans YoY Loan Portfolio1 Loan Mix 710 14% 622 Consumer Loans 285 40% 203 40% 40% 710B Auto Loans Housing Loans 127 138 9% 20% Credit Cards PL/SL 291 287 (1%) Consumer SME Corporate FY23 FY24 Corporate SME Consumer2 1Total Gross Loan to Customer 7 *Figu
Slide 8: Cost of Funds Pressure Eases as Yields Improved
Cost of Funds Pressure Eases as Yields Improved 7.16% 7.20% 7.19% 7.08% 6.71% 3.60% 3.55% 3.49% 3.43% 3.9% 3.8% 3.7% 3.35% 3.6% 3.4% Q423 Q124 Q224 Q324 Q424 Q423 Q124 Q224 Q324 Q424 Cost of funds Asset Yield Quarterly NIM 8
Slide 9: Sustained Double-Digit Rise in Credit Cards & Consumer Loans
Sustained Double-Digit Rise in Credit Cards & Consumer Loans Consumer Loans & Credit Cards portfolio in PHP billions, % growth year-on-year CARDS +48% 70% Auto loan bookings compared to 2023; 35.4% 8.40% dealer-generated bookings doubled vs 17.4% industry MORTGAGE +24% 36% mortgage loan bookings vs.
Slide 10: Outpacing The Industry In Cards and PL Growth
Outpacing The Industry In Cards and PL Growth Credit Card Issuing Billings In Php Billions 20.5 17.9 17.7 18.0 18.5 14.6 12.4 13.5 15.1 15.3 14.2 16.5 1.26M cards in force; 21% higher than last year, better than industry average of 14% Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 O
Slide 11: Managing NPLs
Managing NPLs Gross NPL Ratio Gross NPL ratio per segment As of December 31, 2024 5.10% 4.58% Corporate 1.6% 4.3% 4.04% 3.83% 3.91% 3.75% 3.77% 3.77% 3.74% SME 7.9% 3.51% 3.34% Consumer 4.4% Credit Card 3.9% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Gross NPL Ratio 11
Slide 12: Total Deposits Reached ₱1.02T Boosted By CASA
Total Deposits Reached ₱1.02T Boosted By CASA 1,022 957 857 8.40% 672 CheckScan transaction Double-digit jump in Bills collection brought values up by 35%, CashCube business at PHP 46B increase in pushing transactions up 17% vs previous year transactions value YoY 536 538 PHP 47B 502 421 373 302 33.
Slide 13: Harnessed AI for digital growth and engagement
Harnessed AI for digital growth and engagement All-in-One Lifestyle App App for Lifehacks and PH’s 1st neighborhood & Digital Credit last mile ATM network AI-driven Credit & Risk Analytics for smarter business strategies: 1.2M Accounts 1.5M Accounts 8,426 Terminals Optimized loan approvals AI-po
Slide 14: RCBC customers reached 4.7M, up by 27% from 2023
RCBC customers reached 4.7M, up by 27% from 2023 Customer Count in 000s 4.7M 1.26M new cards YTD, up 21% YoY; 3.7M credit card spend at Php 110 3.3M billion 3.1M 2.8M 1.9M 146B billings for retail transactions, with 44% booked by super affluent clients 24.3B consumer loan bookings 2019 2020 2021 202
Slide 15: Data & AI for smart and targeted actions
Data & AI for smart and targeted actions Cross-sell & CX 25 ML models based on product propensity for various customer segments Credit, Risk & Fraud 12 ML models for risk mitigation & fraud detection Forecasting & Network 5 ML models for Expected Credit Losses (ECL) & client network analysis Segment
Slide 16: RCBC's Sustainability Impacts at a Glance
RCBC’s Sustainability Impacts at a Glance Our framework is aligned with internationally recognized guidelines ₱126.7B Total Eligible Sustainable 3.7x Higher Sustainable Portfolio 65% Sustainability Bonds Portfolio vs. Coal Exposure Allocated to Green Projects Allocation Report consisting Eligible Su
Slide 17: When it comes to digital solutions, RCBC remains the bank to beat.
“When it comes to digital solutions, RCBC remains the bank to beat.” Over 100 global and regional awards in 5 years!
Slide 18: Additional Information
Additional Information Overview, Milestones & Ownership
Slide 19: Key milestones in the RCBC story
Key milestones in the RCBC story RCBC was incorporated and RCBC Savings Bank was IFC acquired an RCBC completed a PHP15bn 1960 began operations in Rizal 1996 incorporated to provide 2011 approximately 7.2% stake in 2018 (USD280m) rights issue retail/consumer banking RCBC CVC Capital Partners Receive
Slide 20: Overview of RCBC
Overview of RCBC Established in 1960, RCBC has grown to be the top 5 largest privately owned universal bank in the country with a market capitalization of USD1.2 billion. RCBC is owned by the Yuchengco Group of Companies (“YGC”), one of the oldest and largest conglomerates in Southeast Asia. 9.5B 53
Slide 21: Investment Information
Investment Information Ownership Structure Market Data Particulars As of December 31, 2024 Ticker RCB Pan Malayan Outstanding Shares 2,419.54M Management 8.40% Stock Price 26.50 and Investment Corp. (PMMIC) Market Capitalization PhP 60.12B (USD 1.10B)¹ 18.7% BV per share PhP 66.56² 33.9% Price-to-Bo
Slide 22: Yuchengco Group of Companies
Yuchengco Group of Companies RCBC is a member of the Yuchengco Group of Companies (“YGC”), one of the premier business conglomerates in the Philippines. The Group is engaged in a wide range of financial and non-financial services. The synergies among these companies allow customers to access a wide
Slide 23: Comprehensive and Diversified Business Platform
Comprehensive and Diversified Business Platform RCBC Forex RCBC Leasing RCBC Int’l. RCBC Capital Rizal Microbank RCBC Trust Brokers and Finance Finance Corporation Microfinance Thrift Corporation Investment Bank Corporation Bank Corporation Hong Kong Finance Trust Services 99.96% Forex Broker 100% L
Slide 24: Appendix
Appendix °. -@
Slide 25: Consolidated Income Statement
Consolidated Income Statement FY24 FY23 Change YoY Interest Income 79,083 66,289 12,794 19.3% Interest Expense 36,582 32,660 3,922 12.0% Net Interest Income 42,501 33,629 8,872 26.4% Other Income 10,907 16,368 (5,461) -33.4% Trading Gains and Forex (481) 429 (910) -212.1% Trust Fees - 423 (423) -100
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet FY24 FY23 Change YoY Cash/Due from BSP & Other 152,802 186,529 -33,727 -18% Banks Investment Securities 429,086 330,742 98,344 30% Loans (net of Interbank) 709,930 605,709 104,221 17% Other Assets 68,335 115,352 -47,017 -41% TOTAL ASSETS 1,360,153 1,238,332 121,821 10% Dep
Slide 27: Consolidated Financial Ratio
Consolidated Financial Ratio FY24 FY23 Change Profitability ROE* 6.0% 9.5% -3.5% ROA 0.8% 1.1% -0.3% NIM 3.9% 3.4% 0.4% Cost Efficiency CIR 59.7% 59.2% 0.5% Asset Quality Net NPL Ratio 2.5% 1.6% 0.9% NPL Coverage Ratio 74.4% 89.6% -15.2% Credit Cost 0.6% 0.6% 0.0% Capital CAR 16.1% 17.4% -1.3% CET1
Slide 28: Historical Net Income
Historical Net Income 2020 2021 2022 2023 FY2024 Net Interest Income 26.3 28.8 31.2 33.6 42.5 Other Income 11.6 7.6 13.2 16.4 10.9 Gross Income 37.9 36.4 44.5 49.9 53.4 Impairment Losses 9.4 6.0 5.7 6.9 8.6 Income before Operating Expenses 28.5 30.3 38.7 43.1 44.8 Operating Expenses 22.0 22.5 25.1 2
Slide 29: Historical Balance Sheet
Historical Balance Sheet 2020 2021 2022 2023 FY2024 Cash/Due from BSP/Due from Other Banks 148 157 181 187 153 Loans Arising From REPO 13 12 9 36 27 FVPL/FVTCI 45 56 122 94 112 Held to Maturity Investments 43 164 252 237 262 Interbank Loans and Receivables 43 31 28 28 33 Loans (net) 449 508 531 622
Slide 30: Historical Key Financial Ratio
Historical Key Financial Ratio 2020 2021 2022 2023 FY2024 Return on Average Capital Funds 5.50% 6.70% 11.24% 9.53% 5.20% Return on Average Assets 0.70% 0.80% 1.17% 1.06% 0.70% Net Interest Margin 4.30% 4.10% 3.70% 3.43% 3.82% Cost-to-Income Ratio 58.20% 61.90% 56.46% 59.19% 61.66% CASA to Total Depo
Slide 31: For more information about RCBC, please contact Investor_Relations@rcbc.com
For more information about RCBC, please contact Investor_Relations@rcbc.com 31
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