Hong Leong Financial Group Bhd. · MYX:HLFG

Hong Leong Financial Group Bhd — 1H FY2023 Earnings Presentation

18 slides from Hong Leong Financial Group Bhd's earnings presentation, Feb 28, 2023

  1. Slide 1: Investor Presentation: First Half Results ended 31 December 2022

    INVESTOR PRESENTATION First Half Results ended 31 December 2022 28 February 2023 1

  2. Slide 2: Contents

    Contents  1H23 Financial Highlights  HLFG Key Performance Trends  Highlights:  Banking Division (Please refer to HLB’s IR slides)  Insurance Division  Investment Banking & Fund Management Division 2

  3. Slide 3: 1H23 Financial Highlights

    1H23 Financial Highlights  HLFG’s results remained robust and resilient in 1H23.  Net Profit Attributable To Shareholders at RM1.5 bn, +21.0% yoy. HLFG  Book Value per share increased 7.6% yoy to RM22.28  Interim dividend per share: 17.0 sen, +2 sen yoy.  Net Profit was RM2.02 bn, +27% yoy.  L

  4. Slide 4: HLFG Key Performance Trends

    HLFG Key Performance Trends Net Profit Attributable To Shareholders Profit Before Tax RMm RMm 4,840 2,452 3,972 2,265 3,506 1,919 1,858 3,300 2,698 (1H) 1,453 (1H) 2,376 (1H) 1,200 (1H) FY19 FY20 FY21 FY22 1H23 FY19 FY20 FY21 FY22 1H23 4

  5. Slide 5: PBT Contribution from business segments

    PBT Contribution from business segments IB, 0.4% IB, 0.6% Stockbroking , 1.1% Asset Mgmt, 0.7% Stockbroking , 0.5% Asset Mgmt, 0.2% General Ins., 1.0% General Ins., 1.8% Others , -0.5% Others , -0.4% Family Takaful, 0.0% Family Takaful, -0.2% Life Ins., 6.7% Life Ins., 7.3% BOCD & JFCC, BOCD & JFCC,

  6. Slide 6: HLFG Key Performance Trends

    HLFG Key Performance Trends  Earnings Per Share +21.1% yoy to 128.1 sen.  Return on Equity increased to 11.8% (annualised). Earnings Per Share Return on Equity sen % 199.8 216.3 167.8 163.6 11.7 * 10.4 10.4 10.4 128.1 (1H) 9.3 105.8 (1H) FY19 FY20 FY21 FY22 1H23 FY19 FY20 FY21 FY22 1H23 * annualis

  7. Slide 7: HLFG Key Performance Trends

    HLFG Key Performance Trends  Book value per share +4.1% to RM22.28 (+7.6% yoy).  DPS +2 sen yoy to 17.0 sen in 1HFY23 Book Value Per Share Net Dividend Per Share RM sen 22.28 21.41 46.0 20.13 42.0 18.43 40.0 16.78 38.0 17.0 (1H) 15.0 (1H) FY19 FY20 FY21 FY22 1H23 FY19 FY20 FY21 FY22 1H23 7

  8. Slide 8: HLFG Key Performance Trends

    HLFG Key Performance Trends  Capital positions remained robust and sound to support our business.  Our Group consolidated capital position stayed above regulatory limits. Capital Position Debt to Equity & Double Leverage % % Double leverage ratio Gearing ratio* 15.90% 15.48% 15% 108.9% 105.2% 104.

  9. Slide 9: Highlights: Banking Division (HLB)

    Highlights: Banking Division (HLB) For further information on HLB, please refer to the HLB analyst information slides. 9

  10. Slide 10: Highlights: Insurance Division (HLAH)

    Highlights: Insurance Division (HLAH)  1H23 Financial Highlights  Key Performance Indicators  Product Segments & Market Position  Distribution Highlights 10

  11. Slide 11: 1H23 Financial Highlights

    1H23 Financial Highlights Net Profit 1H22 1H23 YoY Change YoY Change (RM’mil) (%) RM'Mil HLAH’s PBT 13 7 (9) (20) 217 208 Dec-21 Insurance Equity Interest Rate Others Dec-22 Surplus impact Reported Despite higher mark to market gains on investments, lower profits recorded due to higher claims experi

  12. Slide 12: Key Performance Indicators

    Key Performance Indicators Gross Premiums & Contribution New Business Regular Premium & Contribution 823 RMm 3,714 RMm 792 3,481 3,122 3,059 620 600 + 3% 1,878 (1H) - 5% 365 (1H) 1,819 (1H) 383 (1H) FY1 9 FY2 0 FY2 1 FY2 2 1 H2 3 FY19 FY20 FY21 FY22 1H23 HLA Gross Premiums HLMT Gross Contribution 54

  13. Slide 13: HLA: Product Segments & Market Position

    HLA: Product Segments & Market Position  Investment-Linked gross premium recorded RM1,237 mil, +3% yoy. Share of gross premium by Investment-Linked segment has increased to 80%.  Our premium contribution mix between regular vs single is 93:7.  For Dec 22, Investment-Linked & Non-Par / Participati

  14. Slide 14: Distribution Highlights (HLA & HLMT)

    Distribution Highlights (HLA & HLMT) Combined Number of Agents NBRP & NBRC - Agency NBRP & NBRC - Banca RMm RMm 278 14,688 261 13,345 512 457 11,516 402 391 182 9,555 9,595 156 121 (1H) 217 (1H) 135 (1H) 228 (1H) FY19 FY20 FY21 FY22 1H23 FY19 FY20 FY21 FY22 1H23 FY19 FY20 FY21 FY22 1H23  On a combi

  15. Slide 15: Highlights: Investment Banking & Fund Management Division

    Highlights: Investment Banking & Fund Management Division  1H23 Financial Highlights  Business Performance 15

  16. Slide 16: 1H23 Financial Highlights

    1H23 Financial Highlights Net Profit 1H22 1H23 YoY Change YoY Change (RM’mil) (%) HLCB’s PBT (RM’mil) Contribution to HLCB’s PBT (%) ( 12 ) (4) (9) 5% 3 25% 15% 30% 58 27% 1H22 18% 1H23 36 43% 37% Dec-21 Stockbroking Investment Asset Others Dec-22 * Income Banking management Reported Income Income *

  17. Slide 17: HLCB: Business Performance

    HLCB: Business Performance Bursa Volume Bursa Volume (RM’bil) (RM’mil) Futures & Foreign Shares (RM’mil) 355,324 -34% yoy +5% yoy 6.3 235,808 6.0 1H22 1H23 1H22 1H23 Subdued Bursa market activity with lower trading value Growth in other income streams in Futures & Foreign affecting stockbroking perf

  18. Slide 18: Disclaimer

    Disclaimer This presentation has been prepared by Hong Leong Financial Group (“HLFG”) for selected recipients for information purposes only. The information contained herein is believed to be correct as of the date of this presentation and is given in summary form and does not purport to be complete

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