Mcb Bank Limited · PSX:MCB

Mcb Bank — FY2008 Earnings Presentation

20 slides from Mcb Bank's earnings presentation, Feb 24, 2009

  1. Slide 1: MCB Bank Limited Full Year and Fourth Quarter 2008

    MCB Bank Limited FULL YEAR AND FOURTH QUARTER 2008 24th February 2009

  2. Slide 2: Disclaimer

    Disclaimer THIS PRESENTATION IS BEING PRESENTED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, REDISTRIBUTED OR PASSED ON, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. The securities of MCB Bank Limited (the “Company”) have not been a

  3. Slide 3: Important Information about Results Presentation

    Important Information about Results Presentation  Certain prior period financial numbers have been reclassified to conform to current period results presentation 3 HK000LN4_SCN_0906

  4. Slide 4: Challenging Year

    Challenging Year  Slow down in growth and high inflation environment  Recourse to IMF to fund Balance of Payments  An election year and change in government  Continued law and order/ security situation  International financial crisis and slowdown in global growth GDP for FY08 and FY07 to June 4

  5. Slide 5: 2008 Financial Highlights – Consolidated Basis

    2008 Financial Highlights – Consolidated Basis  EPS for 2008 was Rps. 24.4, down 7% YoY on a consolidated basis, and was flat at Rps. 24.5 on a stand alone basis • A final dividend of Rps. 2.5 in cash and 10% bonus shares was announced • Total payout for the year is Rps. 12.5 including bonus shares

  6. Slide 6: 2008 Consolidated Highlights

    2008 Consolidated Highlights O (U) PKR O (U) % PKR mm 2008 2007 2007 Net mark-up interest income 28,457 4,524 19% Non-interest income 5,930 (584) (9%) Total Revenue 34,386 3,939 13% Profit before Tax 21,887 (640) (3%) Net Income 15,323 (1,118) (7%) EPS 24.4 (2) (7%) Advances (net) 262,509 43,549 20%

  7. Slide 7: 2008 - Consolidated Income Statement

    2008 - Consolidated Income Statement O (U) PKR O (U) % PKR mm 2008 2007 2007 Mark-up Interest Earned 40,050 8,258 26% Mark-up Interest Expensed 11,593 3,734 48% Net mark-up / interest income 28,457 4,524 19% Non mark-up / interest income 5,930 (584) (9%) Total revenue 34,386 3,939 13% Total Provisio

  8. Slide 8: 4Q 2008 Financial Highlights

    4Q 2008 Financial Highlights  EPS for 4Q08 was Rps. 4.5, down 42% YoY and 30% QoQ on a consolidated basis and Rps. 6/-, down 7% YoY and 5% QoQ on an unconsolidated basis  Net interest income rose 5% QoQ and 36% YoY to Rps. 8.1B on the back of higher rates and strong advances growth  Non-interest

  9. Slide 9: 4Q 2008 Consolidated Highlights

    4Q 2008 Consolidated Highlights O (U) PKR O (U) % PKR mm 4Q08 4Q07 3Q08 4Q07 3Q08 Net mark-up interest income 8,132 2,148 407 36% 5% Non-interest income 1,256 (141) (483) (10%) (28%) Total Revenue 9,388 2,007 (76) 27% (1%) Profit before Tax 4,693 (1,093) (1,046) (19%) (18%) Net Income 2,802 (2,045)

  10. Slide 10: 4Q 2008 Standalone Highlights

    4Q 2008 Standalone Highlights O (U) PKR O (U) % PKR mm 4Q08 4Q07 3Q08 4Q07 3Q08 Net mark-up interest income 8,163 2,180 440 36% 6% Non-interest income 1,290 (83) (356) (6%) (22%) Total Revenue 9,453 2,097 83 29% 1% Profit before Tax 5,572 644 (95) 13% (2%) Net Income 3,751 (267) (195) (7%) (5%) EPS

  11. Slide 11: 4Q08 - Consolidated Income Statement

    4Q08 - Consolidated Income Statement O (U) PKR O (U) % PKR mm 4Q08 4Q07 3Q08 4Q07 3Q08 Mark-up Interest Earned 11,967 3,874 823 48% 7% Mark-up Interest Expensed 3,835 1,726 416 82% 12% Net mark-up / interest income 8,132 2,148 407 36% 5% Non mark-up / interest income 1,256 (141) (483) (10%) (28%) To

  12. Slide 12: Non Interest Income

    Non Interest Income O (U) PKR O (U) % PKR mm 4Q08 4Q07 3Q08 4Q07 3Q08 Fee, commission and brokerage income 712 (6) 94 (1)% 15% Income earned as trustee to various funds 5 2 (1) 48% (9%) Dividend income 49 37 (235) 312% (83)% Income from dealing in foreign currencies 192 51 (386) 36% (67%) Gain on sa

  13. Slide 13: Deposit Base

    Deposit Base % Total O (U) PKR O (U) % PKR Bn Dec 08 Dec 08 Dec 07 Dec 07 Sep 08 Dec 07 Sep 08 Fixed deposits 62 19% 11% 29 23 92% 61% Savings 156 47% 55% (5) (13) (3)% (8)% Current 112 34% 34% 13 (4) 13% (4)% Total deposits 330 100% 100% 38 6 13% 2% CASA deposits 269 81% 89% 9 (17) 3% (6)%  Deposi

  14. Slide 14: Loan Portfolio

    Loan Portfolio O (U) PKR O (U) % PKR Bn Dec 08 Dec 07 Sep 08 Dec 07 Sep 08 Corporate 149 47 5 46% 4% Commercial 80 (6) 12 (7%) 18% Consumer 30 - (3) 0% (9%) Islamic 5 - (1) 0% (14%) Other 10 3 (1) 43% (7%) Gross advances 273 44 13 19% 5% ADR (gross) % 83% 79% 81% ADR (net) % 79% 75% 77%  Total loan

  15. Slide 15: Asset Quality

    Asset Quality O (U) PKR O (U) % PKR mm Dec 08 Dec 07 Sep 08 Dec 07 Sep 08 Dec 07 Sep 08 Gross loans 273,221 229,732 260,822 43,489 12,399 19% 5% NPL 18,269 10,725 13,320 7,544 4,949 70% 37% Total provision 10,712 10,772 12,028 (60) (1,316) (1%) (11%) NPL: Loans 6.69% 4.67% 5.11% Provision: NPLs 58.6

  16. Slide 16: Consolidated Balance Sheet

    Consolidated Balance Sheet O (U) PKR O (U) % PKR Bn 4Q08 4Q07 3Q08 4Q07 3Q08 Assets Cash 39.6 (0.1) (8.1) 0% (17%) • Industry gross advances Balances with other banks 4.1 0.2 (5.8) 6% (58%) increased by 18% YoY* Lendings to financial institutions 4.1 3.0 (14.6) 290% (78%) • Total banking sector Inve

  17. Slide 17: Capital Strength

    Capital Strength  Tier 1 capital ratio was 16% at Dec 2008 Dec-08 Dec-07  Capital Adequacy ratio was 16.1% at Dec 2008 Total assets 445,286 412,901 Tier 1 Capital 52,493 45,067 Tier 2 Capital 580 6,371 Risk weighted assets 330,372 308,170 Tier 1 Capital Ratio 15.9% 14.6% Total Capital Adequacy 16.

  18. Slide 18: Financial Summary

    Financial Summary Growth % 1Q08 2Q08 3Q08 4Q08 FY08 1Q08 2Q08 3Q08 4Q08 FY 08 Interest earned 8,190 8750 11,144 11,967 40,050 8% 9% 38% 48% 26% Interest expensed 1,992 2347 3,419 3,835 11,593 27% 7% 72% 82% 48% Net interest income 6,197 6,403 7,725 8,132 28,457 2% 10% 27% 36% 19% Provision against a

  19. Slide 19: Financial Summary

    Financial Summary Growth % 1Q08 2Q08 3Q08 4Q08 FY08 1Q08 2Q08 3Q08 4Q08 FY 08 Non interest expenses (excluding PF) 3,092 3,342 3,734 3,743 13,911 17% 11% 34% 10% 17% Associate income 27 812 12 (820) 31 (83%) 314% (21%) (196%) (97%) Pension Fund Reversal 1,320 1,648 751 1,680 5,399 120% (20%) 16% (32

  20. Slide 20: Thank you & Question & Answer Session

    Thank you & Question & Answer Session HK000LN4_SCN_0906

MCB Bank — FY2008 Earnings Presentation on 6ix