Entie Commercial Bank · TWSE:2849
Entie Commercial Bank — Q1 2022 Earnings Presentation
15 slides from Entie Commercial Bank's earnings presentation, May 23, 2022
Slide 1: 2022Q1 Investor Conference
2022Q1 Investor Conference Vivian Chen, CFO May 23, 2022
Slide 2: Notice
Notice Certain information contained herein constitutes “forward-looking statements”, which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue”, or “believe” or variations thereon or comparab
Slide 3: Snapshot of EnTie
Snapshot of EnTie Company Overview Selected Key Metrics / Ratio (NT$ million) 2020 2021 1Q22 EnTie is one of the 16 “new” private banks Statements of Comprehensive Income established in the wave of liberalization of Taiwan’s banking industry in early 1990’s Net Interest Income 3,425.66 3,675.90 95
Slide 4: 2022 Strategies
2022 Strategies Risk Profitability Management Expand target customer and niche market, steadily Maintain strong capitalization, optimize expand high-quality credit assets, and increase NII. operational resilience and support business development. Effective use of existing customer resources to
Slide 5: 1Q22 Performance Summary
1Q22 Performance Summary Operation Overview 1Q22 net revenue, net income and basic EPS reached NT$1,563MM, NT$681MM and NT$0.35, respectively. 1Q22 net revenue and net income grew by 13% and 21% on YoY basis, respectively. Stable Deposit and Loan Base In pursuit of moderate asset growth through
Slide 6: Profitability
Profitability Net Revenue PPOP NT$m；% NT$m；% 1,563 3,040 3,029 5,937 1,378 -0.4% 5,847 +2% 853 669 +13% +28% 2020 2021 1Q21 1Q22 2020 2021 1Q21 1Q22 Pre-tax Profit Net Income NT$m；% NT$m；% 2,324 681 2,655 2,171 2,560 562 +4% 759 646 +7% +21% +17% 2020 2021 1Q21 1Q22 2020 2021 1Q21 1Q22 6
Slide 7: Key Ratios
Key Ratios NIM Spread +7bps +6bps +5bps 1.15% 1.20% 1.19% +5bps 1.15% 1.08% 1.14% 1.14% 1.10% 2020 2021 1Q21 1Q22 2020 2021 1Q21 1Q22 Operating Expense & Cost to Income Ratio Provisions NT$m；% NT$m；% 48.01% +0.97% 48.98% 51.45% -6.01% 45.44% 480 2,908 374 2,807 +4% 709 710 93 +0.1% -22% 22 +323% 202
Slide 8: Key Ratios (Con't)
Key Ratios(Con’t) Pre-tax ROE & Pre-tax ROA ROE & ROA 8.72% 7.51% 7.66% 7.44% 7.84% 6.37% 6.70% 6.48% 0.83% 0.82% 0.92% 0.70% 0.84% 0.72% 0.80% 0.72% 2020 2021 1Q21 1Q22 2020 2021 1Q21 1Q22 Pre-tax ROE Pre-tax ROA ROE ROA Ranking of pre-tax ROA and pre-tax ROE of 2021 Pre-tax ROA 2.01 NO.4 Avg. 1.12
Slide 9: Revenue Composition
Revenue Composition Net Revenue Net Fee Income NT$ bn NT$ bn 5.85 5.94 1.68 1.71 0.55 0.19 0.74 0.25 0.19 0.26 1.71 1.68 1.56 0.42 1.38 0.35 0.65 0.58 0.25 0.07 0.10 0.35 0.05 0.06 3.68 0.42 3.43 0.08 0.68 0.18 0.86 0.96 0.59 0.11 0.12 0.10 2020 2021 1Q21 1Q22 2020 2021 1Q21 1Q22 NII NFI Other Loan
Slide 10: Balanced Loan Composition
Balanced Loan Composition Optimized risk and return in pursuit of a balanced portfolio Corporate Loans : 51% Retail Loans : 49% NT$ bn NT$ bn NT$112.1bn NT$106.9bn 112.1 106.9 110.2 106.4 101.2 102.3 0.0 0% 0.2 0% 0.2 0% 0.1 0% 0% 3.4 3% 0.4 0% 0.4 2.4 2% 3.7 4% 20.9 19% 0.1 0% 0.4 0% 22.4 20% 0% 20
Slide 11: Stable Customer Deposits Base
Stable Customer Deposits Base Deposit Balance Split Deposits Evolution % NT$ bn 52% 48% 48% 290.5 52% 52% 283.9 48% 263.4 49.0 17% 52.9 18% 2020.12.31 2021.12.31 2022.3.31 50.0 19% Corporate Retail Gross Loan / Deposits % 162.1 57% 162.0 56% 144.7 55% 77.3% 76.3% 75.4% 68.7 26% 72.8 26% 75.6 26% 202
Slide 12: High Quality Investment Portfolio
High Quality Investment Portfolio Conservative and transparent investment portfolio, dominated by money market and high quality fixed income product Investment Portfolio(2022/3/31) Items NT$ m Stock 0% Gov't CBC NCD bonds 2022/3/31 37% 7% Corporate bonds 23% Government bonds 6,729 Commercial Oversea
Slide 13: Assets Quality
Assets Quality Improving underwriting quality and enhanced collection efforts help reduce future NPL influx and increase bad debt recovery NPL and NPL Ratios LLR and Coverage NT$m；% NT$m；% 6,000 0.97% 2.00% 6,000 5,000 0.57% 0.66% 1.00% 160.88% 264.61% 239.60% 400.00% 5,000 4,000 0.00% -1.00% 4,000
Slide 14: Strong Capitalization
Strong Capitalization Strong and high quality capitalization provides significant cushion for long term business development. The Bank will strengthen profitability in order to achieve organic capital growth CAR Ratio Tier 1 & CET 1 Ratio ％ ％ 17.69% 17.72% 16.32% 1.19% 1.18% 14.13% 14.33% 1.23% 16.5
Slide 15: Leading Capital Strength
Leading Capital Strength Ranking of CET1 of 2021 % CET1 2019 2020 2021 EnTie 14.33% 15.09% 16.50% Ranking 3 1 2 NO.2 Industry Avg. 11.32% 11.84% 11.96% 19.13 16.50 15.87 Avg.： 15.23 14.97 14.82 13.86 13.71 13.51 12.98 12.87 12.72 12.71 12.56 12.26 12.24 11.95 11.96% 11.43 11.23 11.21 10.88 10.87 10.
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