Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — FY2015 Earnings Presentation
77 slides from Cimb Group Holdings Bhd's earnings presentation, Feb 25, 2016
Slide 1: Analyst Presentation FY15 Results
Analyst Presentation FY15 Results 25 February 2016
Slide 2: Agenda
Agenda 1. Key Highlights 2. CIMB Group FY15 Financials 3. PBT by Segment 3.1 Regional Consumer Banking 3.2 Regional Commercial Banking 3.3 Regional Wholesale Banking 3.4 Group Asset Management & Investments 3.5 Group Funding 3.6 CIMB Islamic 4. T18 Updates 5. Other Highlight 6. Final Remarks 2
Slide 3: 1. Key Highlights
CIMB Group : FY15 Results 1. Key Highlights
Slide 4: FY15 Highlights
FY15 Highlights 2015 was a year of recalibration for CIMB Cost structure realignment with MSS and reorganisation of ex-ASEAN IB; Improved cost discipline Reorganisation completed; Incorporation of Regional Operating Model; Refinements to improve governance Leadership rejuvenation; 60% of senio
Slide 5: Key Financial Highlights
Key Financial Highlights Operating Income(RM ‘mil) Overhead Expenses(RM ‘mil) Loan Impairment(RM ‘mil) +9.8% Y-o-Y +42.4% Y-o-Y +3.3% Y-o-Y 15,395 14,019 +5.2% Q-o-Q (8,565) (2,168) (8,292) +2.6% Q-o-Q +10.5% Q-o-Q (1,522) 3,840 4,041 (2,125) (2,180) (524) (579) FY14 FY15 3Q15 4Q15 FY14 FY15 3Q15 4Q
Slide 6: Key Ratios
Key Ratios ROE NIM CI -70bps -350bps -14bps -70bps -2bps -150bps 2.80% 59.1% 9.3% 9.1% 8.6% 2.66% 2.68% 2.66% 55.6% 55.4% 8.4% 53.9% FY14 FY15 3Q15 4Q15 FY14 FY15 3Q15 4Q15 FY14 FY15 3Q15 4Q15 BAU BAU BAU BAU BAU BAU BAU BAU BAU BAU BAU BAU LD CASA Loan Loss Charge -10bps -60bps +8bps -200bps +15bps
Slide 7: PBT By Segments
PBT By Segments FY15* FY14* Group Funding Group Funding 6% 8% GAMI GAMI 5% Consumer Banking 6% Consumer 38% Banking 34% Wholesale Wholesale Banking Banking 37% 35% Commercial Commercial Banking Banking 14% 17% FY15* PBT Growth by Key Divisions Consumer Commercial Wholesale Group Asset Group Banking
Slide 8: PBT By Country
PBT By Country FY15* FY14* Others Singapore Others Singapore 2% -3% 8% 7% Thailand Thailand 3% 5% Indonesia 8% Indonesia 19% Malaysia Malaysia 79% 72% FY15 PBT Y-o-Y Growth by Key Countries * PPOP Y-o-Y +12.3% +4.4% +59.0 % +23.9% PBT Y-o-Y +19.1% -53.4% -31.1% +9.9% PBT Q-o-Q +24.2% -41.4% -ve -46.
Slide 9: Targets for 2015
Targets for 2015 FY15 Y-o-Y FY15 Target ~ ROE 8.6% 11.0% Dividend Payout Ratio 41.9% 40% Total Loans Growth * 12.8% (6.6%**) 10% Loan Loss Charge 73 bps 40-50 bps CET 1 (CIMB Group) 10.3% > 10% ~ Cost to income 55.6% < 55% Notes: * Excluding bad bank ** Excluding FX fluctuations ~ Excluding IB restr
Slide 10: 2. CIMB Group FY15 Financials
CIMB Group : FY15 Results 2. CIMB Group FY15 Financials
Slide 11: Yearly Earnings Trend
Yearly Earnings Trend Average BAU ROE from 2010 – 2015 12.9% Private Placement 16.4% 16.0% 14.4% 9.3% 8.6% *RM ’bil 15.4 14.7 14.0 14.1 13.5 12.1 5.2 5.7 5.6 4.3 4.3 4.6 4.0 4.2 3.2 3.4 2011 2012 2013 (BAU) 2014 (BAU) 2015 (BAU) Operating income* PBT* Net profit* BAU ROE** Notes: FY15: 1Q15 Excludin
Slide 12: Earnings Summary
Earnings Summary FY15 FY14 4Q15 3Q15 (RM ‘mil) Y-o-Y Q-o-Q BAU* BAU^ BAU* BAU* Net interest income 10,695 9,962 7.4% 2,810 2,767 1.6% Non interest income 4,700 4,057 15.8% 1,231 1,073 14.7% Operating income 15,395 14,019 9.8% 4,041 3,840 5.2% Overhead expenses (8,565) (8,292) 3.3% (2,180) (2,125) 2.
Slide 13: Key Ratios
Key Ratios FY15 FY14 4Q15 3Q15 (%) Y-o-Y Q-o-Q BAU* BAU^^ BAU* BAU* ROE 8.6 9.3 8.4 9.1 NIM ** 2.66 2.80 2.66 2.68 Non-interest income / total income 30.5 28.9 30.5 27.9 Cost to income 55.6 59.1 53.9 55.4 Allowance coverage # 84.7 82.7 84.7 76.6 Loan loss charge 0.73 0.58 0.78 0.70 Gross impaired lo
Slide 14: Operating Expenses
Operating Expenses FY15 4Q15 3Q15 (RM ‘mil) FY14 Y-o-Y Q-o-Q BAU* BAU* BAU* Personnel 4,771 4,609 3.5% 1,174 1,186 (1.0%) Establishment 1,942 1,921 1.1% 487 491 (0.8%) Marketing 359 372 (3.5%) 88 90 (2.2%) Admin & General 1,493 1,390 7.4% 431 358 20.4% Total 8,565 8,292 3.3% 2,180 2,125 2.6% Total (
Slide 15: Gross Loans Growth
Gross Loans Growth Loans by Country as at 31 Dec 15 # Divisions / Products (RM ‘bil) 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Retail Financial Services (50.1%) 147.8 130.1 13.6% 144.0 2.6% Others Singapore 8% Mortgages 72.2 62.6 15.3% 70.3 2.7% 12% Term Loans 33.4 30.4 9.9% 32.5 2.8% Thailand Auto
Slide 16: Deposits Growth
Deposits Growth Deposits by Country as at 31 Dec 15 Divisions / Products (RM ‘bil) 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Others Retail Financial Services (42.2%) 135.2 119.2 13.4% 131.3 3.0% Singapore 6% 13% Commercial Banking (13.7%) 44.0 37.8 16.4% 43.7 0.7% Wholesale Banking # (44.1%) 141.3 1
Slide 17: CASA Growth
CASA Growth CASA by Country as at 31 Dec 15 Country (RM ‘bil) 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Singapore Others Malaysia 60.8 58.5 3.9% 59.7 1.8% 10% 2% Indonesia ** 26.0 22.1 17.6% 26.7 (2.6%) Thailand 8% Thailand 9.3 5.5 69.1% 7.5 24.0% Singapore 11.4 11.5 (0.9%) 11.7 (2.6%) Malaysia Indo
Slide 18: Capital Management : CIMB Group
Capital Management : CIMB Group Capital Min Capital Drivers Ratios Req. RWA reduction and optimisation via: CET1 4.5% 10.1% + + ^ 10.3% # Portfolio rebalancing 10.0% 9.7% ^ 9.3% + + # Risk enhancements 11.5% 11.2% 11.0%^ ^ 11.7% Tier 1 6.0% 10.6% Absence of restructuring costs + + # 15.1% 14
Slide 19: 3. PBT by Segment
CIMB Group : FY15 Results 3. PBT by Segment
Slide 20: PPOP by Segments
PPOP by Segments FY15 FY14 4Q15 3Q15 PPOP (RM ‘mil) Y-o-Y Q-o-Q BAU* BAU^ BAU* BAU* Consumer Banking (37.5%) 2,560 2,155 18.8% 641 678 (5.5%) Commercial Banking (12.9%) 881 638 38.1% 243 247 (1.6%) Wholesale Banking (41.1%) 2,807 2,393 17.3% 744 667 11.5% Corporate Banking (29.9%) 2,040 1,635 24.8%
Slide 21: PBT by Segments
PBT by Segments FY15 FY14 4Q15 3Q15 PBT (RM ‘mil) Y-o-Y Q-o-Q BAU* BAU^ BAU* BAU* Consumer Banking (37.5%) 1,726 1,462 18.1% 404 420 (3.8%) Commercial Banking (14.5%) 666 711 (6.3%) 175 195 (10.3%) Wholesale Banking (36.7%) 1,686 1,474 14.4% 468 449 4.2% Corporate Banking (20.3%) 932 744 25.3% 223 3
Slide 22: 3.1 Regional Consumer Banking
CIMB Group : FY15 Results 3.1 Regional Consumer Banking
Slide 23: Consumer Banking
Consumer Banking (RM ‘mil) FY15 FY14 Y-o-Y 4Q15 3Q15 Q-o-Q Net interest income 5,049 4,492 12.4% 1,289 1,293 (0.3%) Non interest income 1,604 1,504 6.6% 421 396 6.3% Operating income 6,653 5,996 11.0% 1,710 1,689 1.2% Overhead expenses (4,093) (3,841) 6.6% (1,069) (1,011) 5.7% PPOP 2,560 2,155 18.8%
Slide 24: Consumer Banking : Gross Loans
Consumer Banking : Gross Loans Country 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Malaysia (RM ‘bil) 111.0 100.1 10.9% 107.8 3.0% Indonesia (IDR ‘bil) 51,973 50,006 3.9% 51,395 1.1% Thailand (THB ‘bil) 93.6 84.7 10.5% 93.6 - Singapore (SGD ‘mil) 2,798 2,386 17.3% 2,683 4.3% Others * (RM ‘bil) 0.6 0.3
Slide 25: Consumer Banking : Deposits
Consumer Banking : Deposits Country 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Malaysia (RM ‘bil) 81.9 73.3 11.7% 77.7 5.4% Indonesia (IDR ‘bil) 92,216 82,396 11.9% 93,000 (0.8%) Thailand (THB ‘bil) 103.7 118.2 (12.2%) 112.5 (7.7%) Singapore (SGD ‘mil) 4,631 4,431 4.5% 4,609 0.5% Others * (RM ‘bil) 0
Slide 26: 3.2 Regional Commercial Banking
CIMB Group : FY15 Results 3.2 Regional Commercial Banking
Slide 27: Commercial Banking
Commercial Banking (RM ‘mil) FY15 FY14 Y-o-Y 4Q15 3Q15 Q-o-Q Net interest income 1,630 1,387 17.5% 435 423 2.8% Non interest income 321 262 22.5% 72 85 (15.3%) Operating income 1,951 1,649 18.3% 507 508 (0.2%) Overhead expenses (1,070) (1,011) 5.8% (264) (261) 1.1% PPOP 881 638 38.1% 243 247 (1.6%)
Slide 28: Commercial Banking : Gross Loans
Commercial Banking : Gross Loans Country 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Malaysia (RM ‘bil) 14.4 12.5 15.2% 13.4 7.5% Indonesia (IDR ‘bil) 34,184 34,865 (2.0%) 35,267 (3.1%) Thailand (THB ‘bil) 50.6 51.4 (1.6%) 51.0 (0.8%) Singapore (SGD ‘mil) 2,634 3,216 (18.1%) 2,777 (5.1%) Others * (RM
Slide 29: Commercial Banking : Deposits
Commercial Banking : Deposits Country 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Malaysia (RM ‘bil) 19.0 17.3 9.8% 17.3 9.8% Indonesia (IDR ‘bil) 32,724 33,107 (1.2%) 35,064 (6.7%) Thailand (THB ‘bil) 17.7 14.9 18.8% 20.6 (14.1%) Singapore (SGD ‘mil) 3,776 3,294 14.6% 3,744 0.9% Others * (RM ‘bil) 0.
Slide 30: 3.3 Regional Wholesale Banking
CIMB Group : FY15 Results 3.3 Regional Wholesale Banking
Slide 31: ASEAN M&A, Equities, ECM and IPO Activities
ASEAN M&A, Equities, ECM and IPO Activities Industry ASEAN ECM MSCI SEA Traded Value USD ‘mil USD ‘bil -34.6% -2.8% 475 34,157 25,951 16,970 413 401 2013 2014 2015 2013 2014 2015 Industry ASEAN IPO Industry ASEAN M&A USD ‘mil USD ‘bil +33.8% -21.4% 209 15,533 156 133 7,529 5,916 2013 2014 2015 2013
Slide 32: Primary Bonds : Issuances Remained Weak
Primary Bonds : Issuances Remained Weak Bond Yields (%) ASEAN Issuance USD ‘mil 12 -21.3% 10 8 70,678 67,200 6 55,607 4 2 0 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 2013 2014 2015 MY 10Y Gov Bond IND 10Y Gov Bond TH 10Y Gov Bond SGD 10Y Gov Bond Malaysia Issuance Indonesia Issuance Thailand Issuance Singa
Slide 33: Wholesale Banking
Wholesale Banking FY15 (RM ‘mil) FY14 Y-o-Y 4Q15 3Q15 Q-o-Q BAU* Net interest income 3,572 3,389 5.4% 962 964 (0.2%) Non interest income 1,992 1,756 13.4% 506 383 32.1% Operating income 5,564 5,145 8.1% 1,468 1,347 9.0% Overhead expenses (2,757) (2,752) 0.2% (724) (680) 6.5% PPOP 2,807 2,393 17.3% 7
Slide 34: Wholesale Banking : Corporate Banking
Wholesale Banking : Corporate Banking (RM ‘mil) FY15 FY14 Y-o-Y 4Q15 3Q15 Q-o-Q Net interest income 2,386 1,989 20.0% 624 630 (1.0%) Non interest income 715 672 6.6% 147 183 (19.7%) Operating income 3,101 2,661 16.5% 771 813 (5.2%) Overhead expenses (1,061) (1,026) 3.4% (285) (262) 8.8% PPOP 2,040 1
Slide 35: Wholesale Banking : Gross Loans
Wholesale Banking : Gross Loans Country 31 Dec 15 31 Dec 14 Y-o-Y 31 Sep 15 Q-o-Q Malaysia (RM ‘bil) 32.3 31.3 3.2% 32.9 (1.8%) Indonesia (IDR ‘bil) 91,199 91,512 (0.3%) 92,226 (1.1%) Thailand (THB ‘bil) 51.6 49.8 3.6% 51.5 0.2% Singapore (SGD ‘mil) 5,403 5,001 8.0% 5,988 (9.8%) Others * (RM ‘bil) 1
Slide 36: Wholesale Banking : Deposits
Wholesale Banking : Deposits Country 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Malaysia (RM ‘bil) 52.2 55.3 (5.6%) 50.2 4.0% Indonesia (IDR ‘bil) 53,593 59,220 (9.5%) 57,652 (7.0%) Thailand (THB ‘bil) 48.8 50.8 (3.9%) 38.0 28.4% Singapore (SGD ‘mil) 3,247 2,439 33.1% 2,034 59.6% Others * (RM ‘bil) 1
Slide 37: Wholesale Banking : Treasury & Markets
Wholesale Banking : Treasury & Markets (RM ‘mil) FY15 FY14 Y-o-Y 4Q15 3Q15 Q-o-Q Net interest income 1,015 1,119 (9.3%) 295 281 5.0% Non interest income 385 318 21.1% 111 23 382.6% Operating income 1,400 1,437 (2.6%) 406 304 33.6% Overhead expenses (600) (549) 9.3% (165) (151) 9.3% PPOP 800 888 (9.9
Slide 38: Wholesale Banking : Investment Banking
Wholesale Banking : Investment Banking FY15 (RM ’mil) FY14 Y-o-Y 4Q15 3Q15 Q-o-Q BAU* Net interest income 170 280 (39.3%) 42 52 (19.2%) Non interest income 893 767 16.4% 249 179 39.1% Operating income 1,063 1,047 1.5% 291 231 26.0% Overhead expenses (1,096) (1,177) (7.0%) (274) (268) 1.9% PPOP (33)
Slide 39: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) FY15 FY14 FY15 FY14 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 10.8% 2 11.0% 2 Cash Equities 4.8% 4 4.8% 2 IPO 13.1% 3 7.9% 5 IPO 1.6% 19 2.7% 12 ECM 24.5% 1 19.3% 1 ECM 2.4% 11 4.0% 8 EQL Products - - 33.3% 1 EQL Products -
Slide 40: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) FY15 FY14 FY15 FY14 ASEAN Market Market Global Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 7.3% 2 7.3% 2 Sukuk 15.2% 1 15.3 1 IPO 4.1% 6 4.0% 8 ECM 6.7% 3 6.8% 4 EQL Products - - 10.8% 4 M&A 1.6% 23 2.9% 20 Syndication ^ 3.5% 8 3.2% 9 DCM D
Slide 41: FY15 Notable Deals
FY15 Notable Deals DCM ECM Jimah East Power Sdn Bhd KHAZANAH Khazanah Nasional Berhad RM8.98 bil Sukuk Murabahah NASIONAL RM1.6 bil Block Trade of TNB Shares (Largest Sukuk issued globally in 2015; Largest RM issuance BERHAD (4th largest block trade in the Malaysia) in 2015; Largest greenfield non-r
Slide 42: 3.4 Group Asset Management & Investments
CIMB Group : FY15 Results 3.4 Group Asset Management & Investments
Slide 43: Group Asset Management & Investments
Group Asset Management & Investments FY15 FY14 PBT (RM ‘mil) Y-o-Y 4Q15 3Q15 Q-o-Q BAU* BAU* Public Markets 104.7 79.2 32.2% 25.7 22.0 16.8% Private Markets 121.3 195.7 (38.1%) 9.7 42.6 (77.2%) Direct Investments & Others 112.2 160.6 (30.2%) (5.0) 51.8 (109.7%) Private Equity Fund Management 2.5 27.
Slide 44: 3.5 Group Funding
CIMB Group : FY15 Results 3.5 Group Funding
Slide 45: Group Funding
Group Funding FY15 4Q15 3Q15 (RM ’mil) FY14 Y-o-Y Q-o-Q BAU* BAU* BAU* Net interest income 403 666 (39.5%) 110 80 37.5% Non interest income 185 81 128.4% 20 78 (74.4%) Total Income 588 747 (21.3%) 130 158 (17.7%) Overhead expenses (274) (372) (26.3%) (30) (78) (61.5%) PPOP 314 375 (16.3%) 100 80 25.
Slide 46: 3.6 CIMB Islamic
CIMB Group : FY15 Results 3.6 CIMB Islamic
Slide 47: CIMB Islamic : FY15 Key Highlights
CIMB Islamic : FY15 Key Highlights Remained No.1 Global and Malaysian Sukuk league tables Landmark and historic issuances: Government of the Republic of Wholesale Indonesia, Government of Malaysia and the Government of Hong Kong Banking Corporate financing portfolio up 11% YoY to RM13.0bn in line wi
Slide 48: Malaysia : CIMB Islamic
Malaysia : CIMB Islamic Ranking of Total Islamic Assets as at 31 Dec 2015 FY15 FY14 Sukuk Total Assets Market Market Market Rank Company Rank Rank RM ’mil Share Share Share 1 Maybank Islamic 146,845 27% Malaysia 25.8% 1 29.4% 1 2 CIMB Islamic 55,000 10% Asia ex-Japan 24.9% 1 26.7% 1 3 Bank Islam 46,
Slide 49: FY15 Islamic Notable Deals
FY15 Islamic Notable Deals DCM DCM Maxis Berhad Islamic Development Bank RM5.0 billion Unrated Sukuk Murabahah USD1.0 bil Trust Certificates due 2020 issuance Programme pursuant to its USD10.0 bil Trust Certificates (The largest unrated programme established in the MYR Issuance Programme issued via
Slide 50: 4. T18 Updates
CIMB Group : FY15 Results 4. T18 Updates
Slide 51: Overview of T18 Targets and Progress Summary
Overview of T18 Targets and Progress Summary CET 1, Cost-to-Income, and Income diversification on track to achieve our T18 Targets T18 financial targets, whilst stretched Contribution showed good progress from Consumer ROE CET 1 Cost-to-Income on cost, capital and & Commercial income diversification
Slide 52: T18 was launched in early-2015 and progress has been made in multiple areas
T18 was launched in early-2015 and progress has been made in multiple areas STRATEGIC STRUCTURE & DIFFERENTIATION & BUSINESS PROJECTS GOVERNANCE OPTIMISATION DEVELOPMENT Cost Management Organisation Differentiation New Markets IB Streamlining restructuring Differentiation Vietnam strategy acro
Slide 53: T18 Progress Summary
T18 Progress Summary Progress has made throughout 2015; efforts continue heading into 2016 T18 Targets FY15 What’s next Starting Progress made Cost Position Cost discipline emphasis to be sustained Business Acceleration A Cost Continue to build regional momentum Key recalibration initiatives c
Slide 54: Cost and Productivity
A Cost and Productivity Managed to reduce Group-wide Cost-to-Income ratio (BAU basis) Headcount Optimisation – Total employees CIMB Group JAW Ratio declined ~9% YoY to 40,505 as at Dec-15. Total MSS (Malaysia and Indonesia) acceptance was 6.5% 3,614 (run-rate savings of ~RM300 mil) Consumer: +4.4%
Slide 55: Digital Consumer Banking
B Digital Consumer Banking Strong regional PBT growth; Regional roll-out for Digital Sales Enablement underway Digital Sales Enablement (“DSE”) Group Consumer Banking PBT Positive traction in Malaysia for credit card RM ’mil acquisition and Cash Lite +18.1% Y-o-Y Commenced conversion of inbound
Slide 56: SME and Transaction Banking
B SME and Transaction Banking Regional strategy in place and execution underway SME Structural recalibration done Malaysia business transformation well underway Industry specialisation – started in Malaysia with FMCG; regional plans underway Standardised regional strategy and tools e.g. deposit team
Slide 57: Moving forward: T18 in 2016
Moving forward: T18 in 2016 Focused governance in place Comprised various members of T18 Oversight Committee senior management Monitors overall progress of the T18 initiatives Project Management Office 2016 Focus Areas Wholesale Banking Commercial Banking Consumer Banking Further profitability S
Slide 58: 5. Other Highlight
CIMB Group : FY15 Results 5. Other Highlight
Slide 59: Corporate Responsibility
Corporate Responsibility CIMB Foundation Donation PINTAR English Contest Bear IT or Bee Fee 350 pupils from 10 adopted schools competed A contribution of RM5,000 for “Bear IT or Bee Fee” in the Spelling Bee, Storytelling and Scrabble. drama performance by SK Bukit Damansara 2015 in PINTAR Awards 201
Slide 60: 6. Final Remarks
CIMB Group : FY15 Results 6. Final Remarks
Slide 61: 2016 Outlook
2016 Outlook Macro View Internal Opportunities and Challenges Challenging macro-economic outlook with Normalisation of provision level continued volatility Ringgit Commercial banking growth to sustain Weaker consumer spending and TB alignment commodity prices may impact economic growth D
Slide 62: Asset Quality
Asset Quality Country Commentary Strengthened Group-wide risk management capabilities, tightened risk appetites, built credit risk models, enhanced processes and consolidated reporting structures Comfortable with overall portfolio. Oil & Gas sector will remain under pressure in 2016 Overall and
Slide 63: Final Remarks
Final Remarks Executed recalibration initiatives well in 2015. Stronger & firmer footing to face headwinds and compete more effectively Started 2016 with a strengthened capital position with CET1 of 10.3% and lower cost structure with CIR of 53.9% Better prepared to face 2016 as regional economic gr
Slide 64: Targets for 2016
Targets for 2016 FY16 Target ROE 10.0% Dividend Payout Ratio 40% Total Loans Growth * 10.0% Loan Loss Charge 60-70 bps CET 1 (CIMB Group) 11.0% Cost to income < 53.0% Note: * Excluding bad bank 64
Slide 65: THANK YOU
THANK YOU 65
Slide 66: Appendices
CIMB Group : FY15 Results Appendices
Slide 67: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes (RM ‘mil) 31 Dec 15 31 Dec 14 Y-o-Y 30 Sep 15 Q-o-Q Cash & short term funds 29,319 33,463 (12.4%) 28,184 4.0% Securities purchased under resale agreements 9,714 4,758 104.2% 6,361 52.7% Deposits & placements with financial institutions 1,829 4,239 (56.9%) 4,372 (58
Slide 68: Asset Quality Ratios – CIMB Group
Asset Quality Ratios – CIMB Group 84.8% 83.8% 84.2% 84.5% 82.8% 81.9% 82.1% 82.2% 82.7% 79.2% 83.7% 83.6% 77.9% 76.6% 84.0% 82.6% 82.3% 81.7% 82.6% 74.2% 81.8% 81.7% 77.4% 76.9% 75.6% 71.9% 3.8% 3.8% 3.6% 3.4% 3.3% 3.3% 3.4% 3.2% 3.1% 3.1% 3.1% 3.2% 3.0% 3.2% 3.1% 3.1% 3.2% 3.0% 2.9% 2.7% 2.7% 2.9%
Slide 69: AFS MTM (Q-o-Q) Position
AFS MTM (Q-o-Q) Position 330.1 232.5 149.8 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 (152.6) (500.5) 69
Slide 70: Malaysia : Consumer Key Highlights
Malaysia : Consumer Key Highlights Y-o-Y Q-o-Q Credit Cards Consumer Gross Loans * 10.9% 3.0% RM ‘bil 16.7 Mortgages 3.4% 15.4 12.2% 14.2 12.9 13.1 Term loans 9.3% 2.9% +6.0% CAGR Auto 0.7% 0.7% +10.4% Y-o-Y Credit cards 10.4% 3.9% 4.8 5.3 4.2 3.9 4.3 Consumer Deposits 11.7% 5.4% CASA 2.8% 2.5% Fixe
Slide 71: Indonesia : Consumer Key Highlights
Indonesia : Consumer Key Highlights Y-o-Y Q-o-Q Credit Cards Consumer Gross Loans 3.9% 1.1% IDR ’tril Mortgages 3.5% 0.9% +22.8% CAGR Auto (0.4%) (1.2%) Credit cards 20.8% 8.3% +20.8% Y-o-Y 6.4 Consumer Deposits 11.9% (0.8%) 5.3 3.6 4.1 CASA 9.9% (1.4%) 2.8 Fixed & structured 13.8% (0.4%) deposits D
Slide 72: Thailand : Consumer Key Highlights
Thailand : Consumer Key Highlights Y-o-Y Q-o-Q Consumer Loans Consumer Gross Loans * 10.5% - THB ’bil +25.2% CAGR Mortgages 11.4% (0.5%) Auto Loans 9.9% (0.5%) +10.5% Y-o-Y Personal / Others 6.7% 3.7% 93.6 84.7 68.7 Consumer Deposits (12.3%) (7.8%) 48.4 38.1 CASA 36.0% 13.8% Fixed & structured (26.5
Slide 73: Singapore : Consumer Key Highlights
Singapore : Consumer Key Highlights Y-o-Y Q-o-Q Consumer Deposits Consumer Gross Loans 17.3% 4.3% SGD ‘mil Mortgages 15.8% 3.6% +14.7% CAGR Term loans 8.6% 2.2% +4.5% Y-o-Y Credit cards 7.3% 2.9% 4,431 4,631 4,081 Consumer Deposits 4.5% 0.5% 3,101 2,672 CASA (18.8%) (6.1%) Fixed & structured 62.3% 1
Slide 74: CIMB Niaga : Earnings Summary
CIMB Niaga : Earnings Summary 4Q15 3Q15 (IDR ‘bil) FY15 BAU* FY14 BAU^ Y-o-Y Q-o-Q BAU* BAU* Net interest income 11,386 10,689 6.5% 2,862 2,978 (3.9%) Non interest income 2,350 2,571 (8.6%) 614 556 10.4% Operating income 13,736 13,260 3.6% 3,476 3,534 (1.6%) Overhead expenses (7,234) (6,832) 5.9% (1
Slide 75: CIMB Niaga : Key Ratios
CIMB Niaga : Key Ratios FY15 FY14 4Q15 3Q15 (Consolidated, %) ++ Y-o-Y Q-o-Q BAU + BAU BAU + BAU + ROE ^ 3.0 7.7 3.3 6.2 NIM ^ 5.21 5.36 5.25 5.40 Cost to Income 52.7 51.5 51.6 48.9 Loan Loss Coverage # 111.5 88.8 111.5 121.0 Allowance Coverage 83.0 72.4 83.0 74.0 Loan Loss Charge ^ 3.0 2.1 3.2 2.7
Slide 76: CIMB Thai : Earnings Summary
CIMB Thai : Earnings Summary Before GAAP Adjustments FY15 FY14 Y-o-Y 4Q15 3Q15 Q-o-Q (THB ‘mil) Net interest income 8,477 7,889 7.5% 2,318 2,202 5.3% Non interest income 3,757 2,618 43.5% 642 994 (35.4%) Operating income 12,234 10,506 16.4% 2,960 3,196 (7.4%) Overhead expenses (7,127) (7,141) (0.2%)
Slide 77: CIMB Thai : Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) FY15 FY14 Y-o-Y 4Q15 3Q15 Q-o-Q ROE ^ 4.4 4.4 3.2 8.4 NIM ^ 3.27 3.37 3.63 3.36 Cost to Income 58.3 68.0 61.3 57.2 Loan Loss Coverage ** 106.5 95.2 106.5 89.2 Loan Loss Charge ^ 1.9 1.1 1.7 1.4 Gross NPL ratio ** 3.1 3.3 3.1 4.3 Net NPL ratio ** 2.2 1.8 2.2 2
CIMB Group Holdings Berhad — FY2015 Earnings Presentation on 6ix