Union Bank Of The Philippines · PSE:UBP

Union Bank Of The Philippines — Q1 2014 Earnings Presentation

11 slides from Union Bank Of The Philippines's earnings presentation, 2014

  1. Slide 1: Financial & Operating Results – 1Q2014

    FINANCIAL & OPERATING RESULTS PERIOD COVERED: 1Q2014 Justo A. Ortiz Chairman and CEO

  2. Slide 2: Net income dropped on lower trading gains

    Net income dropped on lower trading gains Net Income In million pesos 4,003 61% 1,542 3M2013 3M2014

  3. Slide 3: Net interest income sustained improvement on continuous expansion in earning assets & lower funding costs

    Net interest income sustained improvement on continuous expansion in earning assets & lower funding costs Net Interest Income In million pesos 2,561 2,050 25% 3M2013 3M2014 Earning Asset Net Interest Margin ADB in billion pesos 550 100.0% 500 88.5% 90.8% 95.0% 450 90.0% 45 400 374 85.0% 3.38% 350 80

  4. Slide 4: Non interest income declined from exceptionally high trading gains a year ago

    Non interest income declined from exceptionally high trading gains a year ago Non Interest Income In million pesos 4,937 23 832 32 170 1,753 4 -82.6% 65% 208 -75.0% 178 +4.7% +84.4% 59 3,371 422 -87.5% 882 +73.3% 509 3M2013 3M2014 Service charges, fees & commissions Trading gain/losses - net FX gain

  5. Slide 5: Deposits exhibited strong growth, breached Php300 billion level

    Deposits exhibited strong growth, breached Php300 billion level Deposits ADB in billion pesos 327 206 21 +2.1X 10 59% 306 +56.1% 196 YTD Mar 2013 YTD Mar 2014 UnionBank Subsidiaries Peso CASA Deposits ADB in billion pesos 120 30.1% 24.5% 40.0% 110 100 20.0% 90 80 0.0% 80 70 62 1 -20.0% 60 1 -40.0% 5

  6. Slide 6: Credit portfolio grew on account of robust salary loan expansion

    Credit portfolio grew on account of robust salary loan expansion Credit Portfolio – Net of Provisions ADB in billion pesos 120 90 11% 18 +12.5% 16 29 29 3 3 21 21 5 2 -37.5% 2 8 +2.0x 28 14 15 14 -6.7% YTD Mar 2013 YTD Mar 2014 Mortgage Salary Loans Auto Loans Credit Card Commercial Business Line Co

  7. Slide 7: Operating expenses declined notwithstanding branch network expansion

    Operating expenses declined notwithstanding branch network expansion Operating Expense In million pesos 2,685 2,277 481 15% 365 -24.1% 456 297 -34.9% 1,748 1,615 -7.6% 1Q 2013 1Q 2014 Core Bank Taxes Subsidiaries

  8. Slide 8: Key ratios reflected drop in first quarter income

    Key ratios reflected drop in first quarter income Return on Equity Revenue to Expense 33.8% 13.7% 2.7 1.9 1Q 2013 1Q 2014 Return on Average Asset 3M2013 3M2014 5.2% 1.4% 1Q 2013 1Q 2014

  9. Slide 9: Capital ratios weakened predominantly due to net unrealized losses

    Capital ratios weakened predominantly due to net unrealized losses Capital Adequacy Ratios 17.2% 16.6% 11.5% 10.9% Mar 2013 Mar 2014 CAR Common Equity Tier 1

  10. Slide 10: Share price continues to outperform PSE and Financial indices

    Share price continues to outperform PSE and Financial indices Re-based Stock Performance 3/31/2013 – 3/31/2014 150% 130% 110% 90% 70% Source: Bloomberg, 3/31/13= 100 50% Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 UnionBank PSEi PFINC

  11. Slide 11: Financial & Operating Results

    FINANCIAL & OPERATING RESULTS PERIOD COVERED: 1Q2014 Justo A. Ortiz Chairman and CEO

Union Bank of the Philippines — Q1 2014 Earnings Presentation on 6ix