Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — Q3 2023 Earnings Presentation
19 slides from Union Bank Of Taiwan's earnings presentation, Nov 9, 2023
Slide 1: Union Bank of Taiwan Financial Results of 3Q23
Union Bank of Taiwan Financial Results of 3Q23 November 9th, 2023 1
Slide 2: Disclaimer
DISCLAIMER This presentation is provided by Union Bank of Taiwan (”UBOT”).The information contained within is not audited or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed t
Slide 3: Financial Highlights of 3Q23
Financial Highlights of 3Q23 Steady growth of business Net income for the month ended September 30, 2023, was 3,651 million, compare with 2,374 million in 3Q22, increased 53.79% YoY, Operating revenue was 13,301 million, compare with 11,551 million in 3Q22 , increased 15.15 % YoY. EPS was 0.84
Slide 4: Revenue and profit - Consolidated
Revenue and profit- Consolidated NT$ mn, % Items 3Q23 3Q22 Diff. %* Net interest income 6,389 7,429 - 14.00% Net fee income 2,553 2,446 + 4.37% Net other income 4,359 1,676 +160.08% Operating revenue 13,301 11,551 +15.15% Pre-Tax Income 4,288 3,111 +37.83% Net Income 3,651 2,374 +53.79% EPS (in NT$d
Slide 5: Net Revenue Breakdown - Consolidated
Net Revenue Breakdown- Consolidated NT$ mn NT$ mn, % 14,430 16,689 15,985 13,301 14,000 13,301 17.65% 27.50% 29.80% 32.77% 12,000 11,551 20.78% 19.55% 18.30% 19.19% 10,000 61.57% 8,000 52.95% 51.90% 48.04% 6,000 3Q22 3Q23 2020 2021 2022 3Q23 Operating Revenue NII% Fee Income% Other Income% 3Q23 ar
Slide 6: Financial Performance - Consolidated
Financial Performance- Consolidated NT$ mn Operating Revenue 16,689 15,985 14,430 13,301 2020 2021 2022 3Q23 Net Income NT$ mn EPS NT$ dollar 4,463 1.11 3,442 3,542 3,651 0.90 0.85 0.84 2020 2021 2022 3Q23 2020 2021 2022 3Q23 3Q23 are un-audited numbers 6
Slide 7: Operating revenue analysis - Alone
Operating revenue analysis- Alone NT$ mn,% 38.98% 43.23% 30.92% 30.41% 21.42% 20.98% Consumer Business, 9.47% 9.43% Corporate 38.98% Business, 21.42% -0.79% -4.05% Corporate Consumer Trust & Ｗealth Investment Others Business Business Mgmt. Others, 30.92% Corporate Business 3Q23 3Q22 Consumer Busines
Slide 8: Business Performance
Business Performance NT$ mn, % 201 欄 Items 2023.9.30 2022.9.30 Diff.Amt Diff. % 9.63 1 Total deposits (avg. bal.) 752,685 699,060 53,625 7.67% Demand deposits 331,252 321,947 9,305 2.89% Time deposits 323,506 288,236 35,270 12.24% Foreign exchange deposits 97,927 88,877 9,050 10.18% Total Loans (avg
Slide 9: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$ 752.7 billion NT$ bn Foreign exchange 331.3 321.9 323.5 deposits, 13.01% 288.2 Time deposits, 42.98% Demand deposits, 44.01% 97.9 88.9 Demand deposits Time deposits Foreign exchange Preliminary figures of September 2023 deposits 9M23
Slide 10: Deposits balance steady growth
Deposits balance steady growth Demand Deposits Time Deposits YOY YOY +14.79% NT$ mn +1.61% 394,797 343,920 360,144 364,410 313,233 312,838 350,763 354,939 356,424 307,766 337,461 306,037 Dec. 2020 Sep. 2021 Dec. 2021 Sep. 2022 Dec. 2022 Sep. 2023 Dec. 2020 Sep. 2021 Dec. 2021 Sep. 2022 Dec. 2022 Sep
Slide 11: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$559.5 billion NT$ bn Government, Large Corporate, 407.4 1.8% 367.7 1.4% SME, 24.0% 134.1 117.5 Individual, 37.8 10.4 7.6 5.9 72.8% Government Large SME Individual Corporate Preliminary figures of September 2023 9M23 9M22 11
Slide 12: Loans balance steady growth
Loans balance steady growth Corporate Loans Consumer Loans NT$ mn 344,692 309,938 317,712 285,910 272,425 247,773 215,494 195,043 201,012 160,226 166,979 144,709 2020 9M21 2021 9M22 2022 9M23 2020 9M21 2021 9M22 2022 9M23 Government Loans is excluded from Corporate Loans. Preliminary figures of
Slide 13: Business Performance (Cards)
Business Performance Cards, NT$ Mn,% Jan. to Sep. Jan. to Sep. Items Diff. Amt Diff. % 2023 2022 Valid cards in 6 months 1,688,037 1,346,989 341,048 25.32% Cards outstanding 2,776,618 2,364,561 412,057 17.43% Operating income 3,731 2,995 736 24.57% Value of transactions 122,165 81,210 40,955 50.43%
Slide 14: Credit Card Business Breakdown
Credit Card Business Breakdown Active Cards Thousand Card,% Cards Consumption NT$ mn 4.44% 2,000 3.80% 120,000 4.40% 3.27% 3.24% 3.27% 3.22% 100,000 4.20% 4.01% 1,500 3.20% 3.60% 80,000 4.00% 3.89% 3.85% 3.88% 3.87% 3.80% 1,688 1,000 102,223 113,066 122,531 60,000 99,456 3.60% 1,323 1,290 1,300 1,34
Slide 15: NIM and Spread - Alone
NIM and Spread- Alone 1.55% 2.70% 1.52% 1.50% 1.33% 1.47% 2.11% 1.29% 1.98% 1.45% 1.86% 1.41% 1.40% 1.21% 1.21% 1.22% 1.35% 1.33% 1.30% 0.58% 0.53% 0.59% 1.25% 1.20% 2020 2021 2022 3Q23 2020 2021 2022 3Q23 Overall Lending Rate Overall Deposit Rate NIM Interest Spread 3Q23 are un-audited numbers 15
Slide 16: Assets Quality
Assets Quality NPL NPL Ratio NT$ mn,% 0.26% 1500 0.24% 1,487 1300 1,293 1100 900 0.14% 700 0.10% 500 606 499 300 100 -100 2020 2021 2022 3Q23 2020 2021 2022 3Q23 3Q23 are un-audited numbers 16
Slide 17: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, NT$ mn,% % 7,500 1200.00% 7,000 1081.30% 6,732 6,500 6,224 1000.00% 6,000 910.46% 907.15% 5,396 5,500 5,000 4,778 800.00% 4,500 788.94% 4,000 776.24% 3,500 481.40% 600.00% 623.24% 452.66% 3,000 2,500 400.00% 2,000 1,500 200.00% 1,000 500 0 0.00% 2020 2021 2022 3Q23 Al
Slide 18: Capital Adequacy: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2020 2021 9M22 2022 9M23 Risk Weighted Assets 411,994,724 407,195,710 448,328,144 444,044,885 496,560,900 Common share 40,774,470 45,523,219 42,267,423 44,397,652 48,463,018 Other tier 1 capital 12,096,138 12,552,479 13,000,000 13,000,000 13,000,000
Slide 19: Capital Adequacy Ratio
Capital Adequacy Ratio 16.08% 14.80% 14.95% 14.30% 14.34% 1.82% 1.97% 2.02% 1.97% 1.96% 3.08% 2.93% 2.93% 2.62% 2.90% 11.18% 9.90% 9.43% 10.00% 9.76% 2020 2021 9M22 2022 9M23 CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio Preliminary figures of Sepember 2023 and Sepember 2022 BIS of Union Bank stand