United Overseas Bank Limited · SGX:U11
United Overseas Bank — Investor Presentation (April 2025)
21 slides from United Overseas Bank's investor presentation, April 2025
Slide 1: SIAS Corporate Connect Webinar
SIAS Corporate Connect Webinar Record earnings with healthy franchise growth across ASEAN April 2025 Disc la imer: The material in th is presentation contains general background information about United Overseas Bank Limited (“UOB”) and its activ it ies as at the date of the presentation. The inform
Slide 2: Agenda
Agenda 1 Overview of UOB Group 2 Consistent Track Record 3 Growth Drivers and Targets 4 Summary 5 Q&A Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities current at the date of the presentation. It is information
Slide 3: Overview of UOB Group
Overview of UOB Group 3
Slide 4: UOB Overview
UOB Overview Founding Key Statistics for FY24 Founded in August 1935 by a group of Chinese ■ Gross loans : SGD338b (USD249b1) businessmen and Datuk Wee Kheng Chiang, ■ Customer deposits : SGD404b (USD297b1) grandfather of the present UOB Group CEO, Mr. Wee ■ Loan / Deposit ratio : 82.7% Ee Cheong. ■
Slide 5: A leading Singapore bank; Established franchise in core market segments
A leading Singapore bank; Established franchise in core market segments Group Retail Group Wholesale Banking Global Markets ▪ Best Retail Bank in Singapore ▪ Best SME Bank in Singapore ▪ Strong player in Singapore dollar ▪ Strong player in credit cards and ▪ Seamless access to regional treasury inst
Slide 6: Proven track record of execution
Proven track record of execution ▪ UOB Group’s management has a proven track record in steering the Group through various global events and crises ▪ Stability of management team ensures consistent execution of strategies ▪ Disciplined management style which underpins the Group’s overall resilience a
Slide 7: Comprehensive regional banking franchise
Comprehensive regional banking franchise Extensive Regional Footprint FY24 performance by segment Myanmar Greater China1 Group Income 1 branch 20 branches SGD190b2 Retail Assets under Thailand 144 branches Vietnam 5 branches SGD5.5b management +8% YoY Malaysia Philippines Flat YoY 55 branches 1 bran
Slide 8: Consistent Track Record
Consistent Track Record • If you try to asses 8
Slide 9: Growing loans without compromising asset quality
Growing loans without compromising asset quality Loan book up >10x in 20 years with asset quality staying well managed despite macro challenges Net loans Non-performing loans ratio 400 12.0% 334 10.3% 350 10.0% 300 8.0% 250 (S$bn) (%) 200 6.0% 150 4.0% 100 2.0% 1.5% 50 27 - 0.0% 1999 2004 2009 2014
Slide 10: Diversified loan portfolio
Diversified loan portfolio By Industry By Geography +5% +1% 6% 5% 321 323 328 334 338 Rest of the world 45 47 49 49 48 24% 27% Greater China 49 51 53 49 52 ASEAN-4 69 69 69 73 74 $338b Dec-24 Singapore 158 157 158 163 164 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 9% 7% Note: Loans are classified based on w
Slide 11: Business largely funded by customer deposits
Business largely funded by customer deposits Customer deposits Customer deposit mix 450 404 400 Others 4% Fixed 350 deposits 300 Savings 41% (S$bn) 250 deposits 29% 200 150 100 41 Current 50 accounts - 26% 1999 2004 2009 2014 2019 2024 11
Slide 12: Consistently delivering profits over the years
Consistently delivering profits over the years UOB has remained profitable over various economic cycles Total income Net profit after tax 16,000 14,294 7,000 14,000 6,045 6,000 12,000 5,000 (S$mn) 10,000 (S$mn) 4,000 8,000 3,000 6,000 2,000 760 4,000 1,000 1,788 2,000 - - 1999 2004 2009 2014 2019 20
Slide 13: Delivering consistent and sustainable returns to shareholders
Delivering consistent and sustainable returns to shareholders Core Dividend Capital Distribution Per ordinary share (¢) Package 180 $3 billion 170 50 cents 135 Special Dividend in 2025 120 85 92 Final 60 75 $2 billion Share Buyback by 2027 85 88 Interim 60 60 2021 2022 2023 2024 2025 to 2027 13
Slide 14: Growth Drivers and Targets
Growth Drivers and Targets 14
Slide 15: Our medium-term goals by 2026
Our medium-term goals by 2026 Increased contribution Higher mix of Improved cost efficiency from ASEAN non-interest income and productivity Return on equity Income from ASEAN-41 Fueled by growth engines to reach 30%, of wealth, CIR closer to 40%; Sustained at ~14% while maintaining trade and custome
Slide 16: Wholesale business to pivot towards trade, cash and treasury
Wholesale business to pivot towards trade, cash and treasury spurred by connectivity flows and enhanced product platforms Riding on 2026 Wholesale Banking shape megatrends to Pivot towards trade, of WB income to be driven by drive our ASEAN increase2 in cash management 2x trade loans3 ~60% trade, ca
Slide 17: Enlarged retail franchise to capture rising wealth in the region
Enlarged retail franchise to capture rising wealth in the region, augmented by post-Citi integration synergy ASEAN’s immense 2026 Retail Banking shape growth potential Reshaping business mix of retail income to be Increase2 in AUM of towards growth engines ~50% driven by wealth and cards1 (2023: 38%
Slide 18: Summary
Summary 18
Slide 19: Why UOB?
Why UOB? Stable Integrated regional Strong Balance growth management platform fundamentals with stability • Proven track record • Truly regional bank • Strong Common Equity • More than half of Group’s in steering the bank with full ownership and Tier 1 capital adequacy earnings from home through var
Slide 20: Q&A
Q&A 20
Slide 21: Right By You
@ Right By You
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