United Overseas Bank Limited · SGX:U11
United Overseas Bank — H1 2009 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, Aug 5, 2009
Slide 1: UOB Group First Half 2009 Briefing: Results Overview
UOB Group First Half 2009 Briefing Results Overview Wee Ee Cheong Deputy Chairman & Chief Executive Officer 5 August 2009 Disclaimer : This material that follows is a presentation of general background information about the Bank’s activities current at the date of the presentation. It is information
Slide 2: Unprecedented External Environment
Unprecedented External Environment US housing Financial Credit From Wall Collapse of bubble institutions markets Street to CDO prices bursts take hit seize up main street Unprecedented times – Financial markets fall-out, credit and liquidity crunch Mounting bank losses and write-downs – Banks de
Slide 3: UOB Fundamentals Cushion Crisis Impact
UOB Fundamentals Cushion Crisis Impact • Commercial banking activities that support retail and Focus on Basics institutional customers of Banking • Core business franchise provides sustainable revenues Prudent Asset • Well-buffered reserves of GP built up ahead of cycle Quality Management • Diversif
Slide 4: Resilient Financial Performance
Resilient Financial Performance YoY QoQ Key Indicators 1H09 1H08 2Q09 1Q09 Change Change Operating Profit ($m) 1,831 1,675 9.3% 938 893 5.0% Net Profit After Tax ($m) 880 1,130 (22.1)% 470 409 15.0% NIM (%) * 2.38 2.22 0.16% pt 2.35 2.41 (0.06)% pt Expense / Income (%) 35.6 37.7 (2.1)% pt 35.7 35.5
Slide 5: Core Business Intact
Core Business Intact Maintained stronghold in Singapore – Loan market share grew, reflective of commitment to customers Controlled growth in key regional markets amidst margin pressure and uncertainty Maintain global diversification for a balanced portfolio Continued investments in our regio
Slide 6: Strong Balance Sheet and Capital Position
Strong Balance Sheet and Capital Position Asset quality remains manageable, core business resilient – Well-buffered to withstand shocks and credit deterioration AFS portfolio recovered with improved sentiments – Book value strengthened Capital position boosted to Tier 1 CAR of 12.6% and Total
Slide 7: Looking Ahead
Looking Ahead Improving global sentiments. Signs of stabilisation. Maximum ‘fear’ of crisis behind us Bottoming-out process, recovery will be gradual More upbeat about prospects. To maintain disciplined approach to business while capturing growth opportunities Further strengthening core fran