Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — H1 2018 Earnings Presentation
20 slides from Union Bank Of Taiwan's earnings presentation, July 2018
Slide 1: Analyst Meeting: Financial Review of 1H18
Union Bank of Taiwan Analyst Meeting Financial Review of 1H18 July 2018 1
Slide 2: Disclaimer
DISCLAIMER This presentation is provided by Union Bank of Taiwan (”UBOT”).The information contained within is not reviewed 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
Slide 3: Financial Highlights of 1H18
Financial Highlights of 1H18 Profitable and steady growth Net income was 1.484 billion, increased 15.58% YoY. Operating revenue was 5.325 billion, increased 9.55% YoY. EPS was 0.52 in 1H18, compare with 0.49 in 1H17 , increased 6.12% YoY. Steady growth of business Net interest income was inc
Slide 4: Financial Highlights of 1H18 (conti.)
Financial Highlights of 1H18 (conti.) Capital is adequate and robust CAR was 13.95%, Tier 1 ratio was 12.33%, and CET1 ratio was 8.95% as of June 30, 2018. Good asset quality and overdue loan coverage NPL was 444 million, NPL ratio was 0.13%, and NPL coverage ratio was 828.37% as of June 30, 201
Slide 5: Net Profit Movements
Net Profit Movements 5,325 (3,376) NT$ mn, % 1H18 (238) (227) 1,484 Operating Revenue Operating Expense Provision Income Tax Net Income YoY+9.55% 1H17 YoY+5.43% YoY+15.58% 4,861 (3,202) (100) (276) 1,284 Operating Revenue Operating Expense Provision Income Tax Net Income
Slide 6: Revenue Breakdown
Revenue Breakdown NT$ mn, % 5,325 4,861 Other Income% 8.62% 13.30% Fee Income% 23.27% NII% 23.23% Operating Revenue 68.11% 63.47% 1H17 1H18 (Before audited)
Slide 7: Financial Performance
Financial Performance NT$ mn Operating Revenue 9,907 10,288 8,850 9,806 5,325 2014 2015 2016 2017 1H18 Net Income NT$ mn EPS NT$ dollar 1.19 1.20 3,094 3,121 2,745 1.01 1.05 2,636 1,484 0.52 2014 2015 2016 2017 1H18 2014 2015 2016 2017 1H18 7
Slide 8: Operating revenue analysis
Operating revenue analysis 35.67% 35.26% Corporate Busibess 23.53% 14.97% 20.01% 19.48% 17.29% 14.97% 14.35% 1H18 Others 9.87% 9.57% 1H17 19.48% Corporate Consumer Trust & Ｗealth Investment Others Business Business Mgmt. 2018.06 2017.06 Investment Items portion in portion in Diff% 20.01% revenues re
Slide 9: Business Performance
Business Performance NT$ mn, % Items 2018.06 2017.06 Diff. Amt Diff. % Total deposits (avg. bal.) 456,878 437,372 19,506 4.46% Demand deposits 186,912 174,241 12,671 7.27% Time deposits 203,185 201,963 1,222 0.61% Foreign exchange deposits 66,781 61,168 5,613 9.18% Total Loans (avg. bal.) 327,994 29
Slide 10: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$456.9 billion NT$ bn Foreign exchange deposits, 202.0 203.2 14.62% 186.9 174.2 1H17 1H18 Demand deposits, 40.91% 61.2 66.8 Time deposits, 44.47% Demand deposits Time deposits Foreign exchange deposits 10
Slide 11: Deposits balance over the years
Deposits balance over the years Demand Deposits Time Deposits NT$ mn 249,964 206,423 208,826 192,697 196,360 247,357 178,913 244,310 243,611 171,260 240,632 229,164 2014 2015 2016 2017.06 2018.03 2018.06 2014 2015 2016 2017.06 2018.03 2018.06 Total Deposits Date End of End of End of End of End of En
Slide 12: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$322.4 billion NT$ bn Construction Government, loans 10.2% Large 1H17 Corporate, 180.3 2.0% 3.3% 159.4 1H18 SME, 17.8% Consumer 57.5 45.5 loans, 55.9% 32.8 33.6 34.7 28.6 10 10.6 7.3 6.5 Other Corporate, Government Large SME Other Consumer Construction 10
Slide 13: Loans balance over the years
Loans balance over the years NT$ mn Corporate Loans Consumer Loans 112,673 106,295 179,955 168,173 94,786 154,226 96,267 146,708 136,793 90,068 2014 2015 2016 2017 1H18 2014 2015 2016 2017 1H18 Government Loans is excluded from Corporate Loans. 13
Slide 14: Business Performance
Business Performance Cards, NT$ Mn,% Items Jan. to Jun. 2018 Jan. to Jun. 2017 Diff. Amt Diff. % Cards outstanding 2,088,891 2,011,326 77,565 3.86% Valid cards in 6 months 1,162,846 1,126,393 36,453 3.24% Operating income 1,196 1,132 64 5.65% Value of transactions 45,455 42,529 2,926 6.88% Value of
Slide 15: Credit Card Business Breakdown
Credit Card Business Breakdown Active Cards Thousand Card,% Card Consumption NT$mn 4.01% 3.20% 3.27% 3.18% 4.11% 4.07% 2.98% 3.24% 3.21% 2.76% 78,284 86,566 1,084 1,153 1,162 67,323 57,881 789 813 45,861 2014 2015 2016 2017 1H18 2014 2015 2016 2017 1H18 Active Cards Market Share-5M18 Card consumptio
Slide 16: NIM and Spread
NIM and Spread Overall Leanding Rate Overall Deposit Rate NIM Interest Spread 1.48% 1.46% 1.45% 1.37% 1.41% 1.41% 1.34% 1.35% 2.15% 2.14% 2.13% 2.10% 2.11% 1.29% 1.29% 0.67% 0.68% 0.68% 0.69% 0.70% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 16
Slide 17: Assets Quality
Assets Quality NT$ mn,% NPL NPL Ratio 599 0.20% 551 0.19% 440 444 0.14% 383 0.13% 0.12% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 NPL increased by Foshin Airline 200 million in 2Q17 was written off at the year ended of 2017. 17
Slide 18: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, % 887.26% 828.37% 800.40% 616.54% 587.80% 492.92% 492.41% 495.23% 455.56% 472.15% 3,398 3,521 3,402 3,520 3,674 2Q17 3Q17 4Q17 1Q18 2Q18 Allowance for bad debts. NPL Coverage Ratio Avg. NPL Coverage Ratio in TW Banks Avg. NPL Coverage Ratio in TW Banks of 2Q18 was f
Slide 19: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2014 2015 2016 2017 2018/2Q Regulatory capital 32,843,359 36,390,672 38,935,126 49,740,733 50,111,882 Common share 26,380,471 28,573,380 30,419,225 31,867,478 32,153,086 Other tier 1 capital 0 0 1,664,565 12,146,864 12,115,582 Tier 2 capital 6,462,8
Slide 20: Capital Adequacy Ratio
Capital Adequacy Ratio CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio 15.70% 13.47% 1.81% 13.95% 13.20% 13.19% 1.62% 2.60% 2.84% 2.37% 3.83% 0.57% 3.38% 10.60% 10.35% 10.53% 10.06% 8.95% 2014 2015 2016 2017 2018.06 20