Union Bank Of The Philippines · PSE:UBP
Union Bank Of The Philippines — 9M2022 Earnings Presentation
12 slides from Union Bank Of The Philippines's earnings presentation, Nov 4, 2022
Slide 1: First Nine Months of 2022 Financial & Operating Results
First Nine Months of 2022 Financial & Operating Results Friday, November 4, 2022 1
Slide 2: Disclaimer
Disclaimer This presentation and the information contained herein (this "Presentation") are the sole and exclusive property of Aboitiz Equity Ventures (“AEV”) and shall only be used for the purpose intended herein and may not be used, published or redistributed without the prior written consent of A
Slide 3: Review of Business Units
Review of Business Units ● Power ● Financial Services ● Food ● Land ● Infrastructure ● AEV Financials ● Q&A 30
Slide 4: UnionBank nine-month net income at P10.1 billion
UnionBank nine-month net income at P10.1 billion • Strong growth in core revenues driven by: o Higher margins & earning assets o Increased share of consumer loans to 52% of total loan portfolio 37% o Sustained increase in service fees from 6% customer transactions & other income • 3Q2022 net income
Slide 5: Net interest income up on higher margins and earning assets growth
Net interest income up on higher margins and earning assets growth 26% 25 bps 20%
Slide 6: Consumer loans lead portfolio growth with strong post-pandemic recovery
Consumer loans lead portfolio growth with strong post-pandemic recovery In P Bn 9M2021 9M2022 Growth Corporate 118.3 124.2 5% 38% Commercial 63.2 68.9 9% MSME 6.6 7.5 13% Credit Cards 7.1 69.4 878% Mortgage 52.8 58.3 11% Digital Loans 1.1 3.0 177% Other loans 2.5 21.2 752% Total UBP 251.5 352.4 40%
Slide 7: Cash management, retail customer growth drive record CASA growth
Cash management, retail customer growth drive record CASA growth 32% 31%
Slide 8: Fees from customer transactions, forex and other income buoy non-interest income
Fees from customer transactions, forex and other income bouy non-interest income 36% 90% 35
Slide 9: Core OPEX growth remains manageable
Core OPEX growth remains manageable 15% In P Bn 9M2021 9M2022 Growth Total Opex 17.9 20.6 15% One-off Items 0.5 - Integration of New Businesses - 2.1 Net of Adjustments 17.4 18.5 6% Manpower 5.5 6.0 10% Controllable 5.6 5.3 -6% Non-Controllable 2.5 2.5 -2% Volume-related 3.7 4.7 27%
Slide 10: Capital ratios remain adequate
Capital ratios remain adequate
Slide 11: Citi acquisition successfully closed on August 1
Citi acquisition successfully closed on August 1 ● UnionBank became the legal owner of the Citi consumer business on August 1, 2022 ● The transaction added P98 billion in assets, including P65 billion in net loans (cards, personal) ● Around 1,500 employees, including 100% of consumer business leader
Slide 12: Financial Services SBU Key Takeaways
Financial Services SBU Key Takeaways ● Recurring revenues from core businesses drove earnings performance in 9M2022. ○ Margins continue to improve due to the expansion in higher-yielding assets and sustained growth in CASA across all customer segments. ○ Customer engagement and digital transactions
Union Bank of the Philippines — 9M2022 Earnings Presentation on 6ix