Oversea-chinese Banking Corporation Limited · SGX:O39
Oversea-chinese Banking — Shareholder Meeting (April 2025)
20 slides from Oversea-chinese Banking's shareholder meeting presentation, Apr 17, 2025
Slide 1: 88th Annual General Meeting Management Presentation
88th Annual General Meeting 17 April 2025 Management Presentation OCBC Annual Report
Slide 2: 2024 Financial Performance
2024 Financial Performance Goh Chin Yee Group Chief Financial Officer 88th Annual General Meeting
Slide 3: Record profit in 2024 for third consecutive year
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Record profit in 2024 for third consecutive year Robust income growth and lower allowances ■ Record net interest income driven by asset growth S$7.59b S$14.5b S$0.69b ■ Strong non-interest income Group Net Profit Total Income Total All
Slide 4: Diversified franchise to deliver balanced earnings
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Diversified franchise to deliver balanced earnings Banking Wealth Management Insurance Net Profit (S$b) WM Income (S$b) 1/ Profit Contribution from GEH (S$m) 15% CAGR 20% CAGR 34% CAGR 5% YoY 13% YoY 39% YoY 6.39 6.71 5.04 4.32 4.89 88
Slide 5: Delivering increased shareholder returns
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Delivering increased shareholder returns S$2.5 billion capital distribution Total dividend payout of 60% over two years annually for 2024 and 2025 Special Share Dividends Buybacks 50% 10% set at 10% of 2025-2026 target ordinary special
Slide 6: 2024 total dividend of S$1.01
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead 2024 total dividend of S$1.01 53% 53% 60% Dividend payout ratio 49% 39% Total payout at 60% Full Year (including special) 50% Full Year 49% 50% 50% ■ Total dividend up 23% or 19 Interim 44% 42% cents YoY 101 ■ Special dividend of 16 ce
Slide 7: Winning as One Group
Winning as One Group Enabling our ambitions across ASEAN and Greater China Helen Wong Group Chief Executive Officer 88th Annual General Meeting
Slide 8: Resilient performance reflected solid franchise strength
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Resilient performance reflected solid franchise strength Robust Strong Enhanced 2024 results balance sheet shareholder return Achieved key financial targets Sustained loan growth Special dividend of 16 cents momentum proposed for 2024
Slide 9: Sustained strong track record driven by solid fundamentals
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Sustained strong track record driven by solid fundamentals Proactive Disciplined Prudent balance sheet management cost management risk management Cost-to-income ratio NPL ratio trended down and NIM led sector since 2022 maintained belo
Slide 10: Enhancing shareholder returns
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Enhancing shareholder returns Quality capital generation Target CET1 CAR S$2.5b capital return and deployment at 14% over two years Balanced earnings through Pursue future growth and Return via special dividends economic cycles buffer
Slide 11: Winning as One Group
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Winning as One Group To be Asia’s leading financial services partner for a sustainable future Structurally solid group franchise with strong income generation capabilities across three key business pillars Accelerate growth and unlock
Slide 12: Capturing growth opportunities in the ASEAN-Greater China region
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Capturing growth opportunities in the ASEAN-Greater China region Rising Asian wealth Capture trade and investment flows ■ Entrench banking relationships to capture ■ ASEAN-Greater China and intra-ASEAN flows intergenerational wealth ■
Slide 13: Implications from Global Trade Tariffs
Implications from Global Trade Tariffs Tan Teck Long Head, Global Wholesale Banking 88th Annual General Meeting
Slide 14: Impact of trade tariffs
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Impact of trade tariffs Negative for economic growth and businesses | “Tarrifying” effects on Financial Markets Response from businesses Renegotiate price Market diversification Production optimisation ■ Share tariff burden among ■ Exp
Slide 15: Impact of trade tariffs (continued)
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Impact of trade tariffs (continued) Response from businesses Broader considerations Major sectors less reliant on US market Supply Chain ? 1 Trade policy uncertainty reconfiguration ■ Tariff rates are still evolving over the ■ Move fac
Slide 16: Entering choppy waters…
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Entering choppy waters… Rejigging supply chain is like turning a supertanker — takes time 16
Slide 17: … calmness in some sectors
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead … calmness in some sectors Industries with domestic demand are more resilient Trend in Sustainability will continue 17
Slide 18: Concluding Remarks
Concluding Remarks Helen Wong Group Chief Executive Officer 88th Annual General Meeting
Slide 19: Our strategic goals and ambitions remain, amid global uncertainties
2024 Performance Driving OCBC’s Corporate Strategy Looking ahead Our strategic goals and ambitions remain, amid global uncertainties Increasing complexities and Our strategic focus to drive growth uncertainties in the macroenvironment ■ Escalation in trade tensions could ■ Building on the collective
Slide 20: Thank you
Thank you Bank of the Year Asia Pacific, Indonesia and Malaysia The Banker Magazine The Strongest Bank in Singapore The Asian Banker Fifth Strongest Bank in Asia Pacific The Asian Banker Tenth Strongest Bank in the World The Asian Banker Disclaimer: This presentation should be read as an overview of
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