Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — 9M 2010 Earnings Presentation
68 slides from Cimb Group Holdings Bhd's earnings presentation, Nov 22, 2010
Slide 1: CIMB Group Holdings Berhad Nine Months 2010 Results Analyst Presentation
CIMB GROUP HOLDINGS BERHAD NINE MONTHS 2010 RESULTS Analyst y Presentation 22 November 2010
Slide 2: Summary
Summary Introducing Basel II Another record earnings quarter Special net dividend of 13.45 sen per share, a distribution of RM1 bil to shareholders Q-o-Q saw treasury & investments and CIMB Thai pick-up to offset lower contribution from elsewhere Big Y-o-Y jump in CIBD and CIMB Niaga Hig
Slide 3: Basel II
CIMB GROUP : 9M10 RESULTS BASEL II
Slide 4: Key Differences between Basel I and Basel II
Key Differences between Basel I and Basel II Basel I Basel II Focus on a single risk mechanism – Minimum Capital 3 Pillars instead of 1 – MCR, Supervisory Review and Requirement (MCR) Market Discipline More flexibility and choices of approaches available One size fits all approach – All banks treate
Slide 5: Capital Adequacy Ratio – CIMB Bank
Capital Adequacy Ratio – CIMB Bank RM’mil Basel II Effect of Basel II Basel I Tier 1 Capital Sep-103 Sep-103 Jun-10 Share capital, share premium and preference shares 8,998 - 8,998 8,998 St t t Statutory reserves & Retained R t i d earnings i 8 284 8,284 - 8 284 8,284 7 692 7,692 Inno and Non-Inno T
Slide 6: Capital Management – CIMB Bank
Capital Management – CIMB Bank RWCR Core Capital Ratio RWA 107,141 100,436 102,544 107,739 107,729 101,905 Series Series break break due to 47 due to 197 194 FRS 139 Basel 2 adoption adoption 4,630 194 6,735 194 7,898 Operational 6,158 Ri k Risk 4 834 4,834 9 426 9,426 47 Large 7,898 Exposure Risk 1
Slide 7: Capital Management
Capital Management CIMB Group Sep-10 Jun-10 Gearing ratio 21.8% 25.3% Double leverage ratio 116.7% 118.3% Sep-10 Sept-10 Jun-10 Core Capital p Ratio (B2)* (B1)* (B1)** CIMB Bank 15.0% 14.6% 14.5% CIMB Investment Bank 16.4% 24.1% 18.8% CIMB Islamic 11.3% 11.0% 10.0% CIMB Niaga # 10.0% 10.0% 10.6% CIM
Slide 8: Other Capital Initiatives in 4Q10
Other Capital Initiatives in 4Q10 CIMB Bank RM ’mil Proposed special dividends 1,000 Increase in investment in subsidiaries: CIMB Cambodia 114 CIMB Thai Rights Issue 280 CIMB Niaga IDR ’bil p Proposed Sub-debt 500 CIMB Thai THB ’mil Rights Issue 3,000 Insurance restructuring and partnership 600 8
Slide 9: CIMB Group 9M10 Financials
CIMB GROUP : 9M10 RESULTS CIMB GROUP 9M10 FINANCIALS
Slide 10: Earnings Summary
Earnings Summary 3Q10 2Q10 9M10 9M09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest income 1,925 1,933 (0.4%) 5,688 4,971 14.4% Non interest income 986 1,102 (10.5%) 3,099 2,919 6.2% Operating income 2,911 3,035 (4.1%) 8,787 7,890 11.4% Loan impairment (145) (122) 18.9% (418)
Slide 11: Quarterly Earnings Trend
Quarterly Earnings Trend 3,035 2,842 2,911 2,787 2,780 2,514 2,589 17.2% 17.0% 16 2% 16.2% 16 5% 16.5% 15.1% 15.4% 14.4% 1,882 1,683 11 4% 11.4% 1,129 1,185 1,185 7.7% 1,094 1,001 839 879 838 889 916 727 803 572 663 614 448 448 319 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 Series break d tto due
Slide 12: Contribution by Entity
Contribution by Entity 3Q10 2Q10 9M10 9M09 Legal Entity RM ’mil mil % of PBT RM ’mil mil % of PBT RM ’mil mil % of PBT RM ’mil mil % of PBT CIMB Bank 621 52% 675 57% 1,863 53% 1,748 64% CIMB Niaga 350 30% 405 34% 1,178 34% 558 21% CIMB Thai 35 3% 20 2% 61 2% 21 1% CIMB Labuan 74 6% 46 4% 162 5% 171
Slide 13: Contribution by Geography
Contribution by Geography 3Q10 2Q10 Thailand Others Thailand 3% 6% 2% Others Singapore 15% 2% Singapore 2% Indonesia 33% Indonesia 34% Malaysia 56% Malaysia 47% 9M10 9M09 Others Thailand Others Thailand Singapore 2% 1% 8% 2% Singapore 1% 2% Indonesia 21% Indonesia 35% Malaysia Malaysia 53% 75% Note:
Slide 14: Estimated PBT By Segment
Estimated PBT By Segment 3Q10 2Q10 9M10 9M09 Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) PBT RM ’’mil il RM ’’mil il % RM ’’mil il RM ’’mil il % Consumer Banking - Good G d Bank B k 127 144 (11 8%) (11.8%) 407 368 10 6% 10.6% - Bad Bank (including 40 50 (20.0%) 81 38 113.2% SEASAM) 167 194 (13.9
Slide 15: Estimated PBT By Segment
Estimated PBT By Segment 3Q10 2Q10 CIMB Thai Consumer CIMB Thai Consumer 3% Banking 2% Banking 14% 16% CIMB Niaga CIMB Niaga 30% 34% Corporate & Inv Banking Corporate & 21% Inv Banking 22% GAM & Insurance GAM & 2% Insurance Treasury y & 3% Treasury & Investments Investments 30% 23% 9M10 9M09 CIMB Th
Slide 16: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes (RM ‘mil) 30th Sep 10 30th Jun 10 Q-o-Q 30th Sep 09 Y-o-Y Cash & short term funds 23,155 22,701 2% 20,473 13% Securities purchased under resale agreements 2,390 4,120 (42%) 4,090 (42%) Deposits & placements with financial institutions 10,726 13,580 (21%) 7,582 41%
Slide 17: AFS MTM Position
AFS MTM Position (RM ’mil) 783.5 624.0 545.6 545.1 542.9 522.2 June 09 Sept 09 1st Jan 10 * Mar 10 June 10 Sept 10 Note: *Opening balances adjusted for FRS 139 17
Slide 18: Key Ratios
Key Ratios (%) 3Q10 2Q10 Q-o-Q 9M10 9M09 Y-o-Y ROE * 17.0 17.2 (1.2%) 16.7 14.6 14.4% NIM * 3.32 3.38 (1.9%) 3.34 3.26 2.6% Non-interest income / total income 33.9 36.3 (6.7%) 35.3 37.0 (4.6%) Cost / income 55.6 53.9 3.2% 54.8 53.0 3.4% Allowance coverage / Loan loss coverage 79.3 78.4 1.1% 79.3 86.
Slide 19: Gross Loans Growth
Gross Loans Growth 30th Sep 10 30th Jun 10 30th Sep 09 Products / Divisions Q-o-Q Y-o-Y (RM ’bil) (RM ’bil) (RM ’bil)* Consumer Banking 78.8 76.3 3.3% 68.5 15.0% Mortgages 33.8 32.4 4.3% 27.8 21.6% HP 12.2 11.8 3.4% 11.2 8.9% OD and TL 15.2 14.8 2.3% 12.7 19.7% Credit cards 3.9 3.7 5.4% 2.8 39.3% CI
Slide 20: Deposits Growth
Deposits Growth 30th Sep 10 30th Jun 10 30th Sep 09 Products / Divisions Q-o-Q Y-o-Y (RM ’bil) (RM ’bil) (RM ’bil) Retail 52.7 51.0 3.3% 43.9 20.0%* - Current 13.4 12.4 8.1% 8.5 57.6% - Savings 10.9 10.6 2.8% 9.7 12.4% - Fixed & structured deposits 28.4 28.0 1.4% 25.7 10.5% Commercial 17 1 17.1 16 5
Slide 21: CASA Growth
CASA Growth 30th Sep 10 30th Jun 10 30th Sep 09 Q-o-Q Y-o-Y (RM ’bil) (RM ’bil) (RM ’bil) Current Deposits 40.5 38.6 4.9% 34.3 18.1% - Malaysia & Singapore 31.6 29.6 6.8% 26.2 20.6% - Thailand 0.1 0.1 - 0.1 - - Indonesia 8.8 8.9 (1.1%) 8.0 10.0% Savings Deposits 21 1 21.1 20 4 20.4 3 4% 3.4% 18 4 18
Slide 22: Loan Assets by Geography
Loan Assets by Geography Sep 2010 Sep 2009 Singapore Others Singapore RM5.3 bil Others RM2.4bil RM2.4 bil 3% RM 3.1 bil Thailand 2% Thailand 2% 2% RM10.0 bil RM8.6 bil 6% 6% Indonesia Indonesia RM28.0 bil RM34.7 bil 20% 21% Malaysia Malaysia RM101.1 bil RM109.7 bil 70% 68% Note: Others include overs
Slide 23: Asset Quality Ratios – CIMBG
Asset Quality Ratios – CIMBG Series break 90.8% due to adoption 88.1% 85.6% 86.8% 86.7% of FRS 139 82.9% 82.0% 79.1% 80.0% 78.5% 75.8% 73.2% 80.6% 80.5% 78.4% 79.3% 70.4% 65.9% 7.9% 7.6% 7 5% 7.5% 7 2% 7.2% 7.2% 7.1% 6.6% 6.5% 6.1% 5.6% 5.6% 5.7% 5.5% 5.7% 5.5% 4.9% 5.0% 4 4% 4.4% 5 0% 5.0% 3.8% 3.6
Slide 24: Non-Performing Loans/Impairment Ratios
Non-Performing Loans/Impairment Ratios GP3 FRS 139 Gross Non-Performing Non Performing Loans Gross G Total Impaired Loans Gross NPL Impaired ratio Total Gross Loans Loans ratio Total Gross Loans Gross Non-Performing Loans – Specific Total Impaired Loans – Individual Provisions Net Assessment Provisi
Slide 25: Special Dividends
Special Dividends Special dividend of 13.45 sen (single tier) amounting to a net payment of RM997,708,190 Tentative dates: Ex-date : 3 December 2010 Entitlement date: 8 December 2010 Payment date: Before 31 December 2010 25
Slide 26: CIMBG: Operating Expenses
CIMBG : Operating Expenses (RM ’mil) 3Q10 2Q10 Q-o-Q 9M10 9M09 Y-o-Y Personnel 784 784 - 2,351 2,060 14.1% Establishment 353 357 (1.1%) 1,087 933 16.5% Marketing 130 113 15.0% 332 253 31.2% Admin & General 351 381 ((7.9%)) 1,045 , 934 11.9% Total 1,618 1,635 (1.0%) 4,815 4,180 15.2% 9M10 vs 9M09 • H
Slide 27: Consumer Bank
CIMB GROUP : 9M10 RESULTS CONSUMER BANK
Slide 28: Consumer Bank Financials
Consumer Bank Financials 3Q10 2Q10 9M10 9M09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest / financing income 772 732 5.5% 2,173 2,099 3.5% Non interest income 219 235 (6.8%) 661 557 18.7% Total income 991 967 2.5% 2,834 2,656 6.7% Overheads (direct + head ((732)) ((731)) 0.
Slide 29: Consumer Good Bank Financials
Consumer Good Bank Financials 3Q10 2Q10 9M10 9M09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest / financing income 751 712 5.5% 2,128 2,035 4.6% Non interest income 219 236 (7.2%) 661 553 19.5% Total income 970 948 2.3% 2,789 2,588 7.8% Overheads (direct + head ((685)) ((693
Slide 30: Malaysian Consumer Market Shares
Malaysian Consumer Market Shares Mortgages* Credit Cards Rank #2 #2 #2 Rank #3 #3 #3 13.9% 12.4% 12.7% 13.8% 11.2% 10.6% 10.2% 10.2% 13.5% Markett Share Markett Share 13.2% 13 1% 13.1% 13.0% 31st Dec 09 31st Mar 10 30th Jun 10 31st Dec 09 31st Mar 10 30th Jun 10 Residential Non-Residential Loan Base
Slide 31: Malaysian Retail Banking Indicators
Malaysian Retail Banking Indicators Retail Sales – Housing Loans and Business Premises Loans (RM ’mil) 2,803 2,362 2,386 2,196 1,738 835 838 594 680 485 3Q09 4Q09 1Q10 2Q10 3Q10 Housing Loans Business Premises Loans Credit Cards CIMB Express p – Gross Loan Base ((RM ’mil)) 1,155 72 1,142 44 11 2,971
Slide 32: Malaysian Consumer Banking Indicators
Malaysian Consumer Banking Indicators Retail Banking Deposits Retail Banking AUM (RM ’mil) 295,424 04 0.4 285,627 0.4 0.4 275,492 3.3 273,810 0.4 3.3 2.9 0.4 2.8 1.6 257,844 2.0 1.9 38 671 38,671 29 2.9 20 2.0 37,320 35,616 1.9 38.7 36,788 36.8 37.3 33,866 35.6 33.4 3Q09 4Q09 1Q10 2Q10 3Q10 Jun-09 S
Slide 33: Singapore Retail Banking
Singapore Retail Banking Retail Deposits (SGD ’mil) Home Loan Outstanding (SGD ’mil) 488 1,913 1,714 1,523 618% 1,280 309 177 68 Dec-09 Mar-10 Jun-10 Sep-10 Dec-09 Mar-10 Jun-10 Sep-10 Retail Customer Base* Credit Cards 62,748 18,520 15,620 43,115 94 13,155 , 26,297 10,631 69 12,264 43 20 Dec-09 Mar
Slide 34: Singapore Retail Banking Activities
Singapore Retail Banking Activities CIMB Orchard Branch – Launched 12 Sept 2010 Products and Promotions Max InvestSave Launch iPhone 4 Promotion 1st Anniversary Promotion Star Saver Promotion 34
Slide 35: Treasury & Investment Banking
CIMB GROUP : 9M10 RESULTS TREASURY & INVESTMENT BANKING
Slide 36: Treasury and Investment Financials
Treasury and Investment Financials 3Q10 2Q10 9M10 9M09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest / financing income 225 217 3.7% 666 595 11.9% Fee income 11 2 450.0% 18 15 20.0% Net trading income 92 119 (22 7%) (22.7%) 350 457 (23 4%) (23.4%) Total income 328 338 (3.0%)
Slide 37: Corporate & Investment Banking Financials
Corporate & Investment Banking Financials 3Q10 2Q10 9M10 9M09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest / financing income 176 189 (6.9%) 586 548 6.9% Fee & commission income 99 105 (5.7%) 312 302 3.3% Net trading income 31 25 24 0% 24.0% 75 74 0 7% 0.7% Brokerage income
Slide 38: Malaysian Market Shares (9M10)
Malaysian Market Shares (9M10) M&A Advisory* CIMB Express IPO Advisory* CIMB 48 1% 48.1% USD8 567 mil USD8,567 CIMB 31 8% 31.8% USD433 mil Deutsche Bank 25.4% USD4,574 mil Maybank 12.1% USD164 mil Standard 23.5% USD4,229 mil JP Morgan 11.2% USD152 mil Chartered Nomura 23.5% USD4,229 , mil Goldman Sa
Slide 39: Malaysian Market Shares (9M10)
Malaysian Market Shares (9M10) Domestic Bonds (RM) Domestic Sukuk (RM) CIMB 28.4% RM9,214 mil CIMB 34.2% RM6,399 mil AmInvestment 21.5% RM6,984 mil Maybank 18.0% RM3,369 mil RHB 12.1% RM3,938 mil AmInvestment 15.4% RM2,877 mil Standard 6.8% Maybank 12.0% RM3 898 mil RM3,898 RM1,265 mil Chartered Ch
Slide 40: International Market Shares (9M10)
International Market Shares (9M10) ASEAN (Domestic Currency Bonds) CIMB Express Global Sukuk DBS 13.2% USD4,009 , mil CIMB 24.1% USD2,796 mil CIMB 11.6% USD3,526 mil HSBC 16.9% USD1,958 mil HSBC 10.4% USD3,150 mil Maybank 9.2% USD1,065 mil AmInvestment 7.1% USD2,170 mil Samba 8.0% USD933 mil 9M09 9M
Slide 41: Regional Market Share
Regional Market Share 9M09 9M10 9M09 9M10 Singapore Indonesia Market Market Market Market Rank Rank Rank Rank Share Share Share Share Stock Broking 8.3% 5 9.2% 3 Stock Broking 4.2% 4 6.8% 1 IPO 1.1% 7 8.0% 5 IPO 21.0% 1 4.8% 6 ECM 2.0% 11 2.0% 9 ECM 0.6% 8 6.6% 5 M&A* 5.9% 4 5.7% 4 M&A 1.2% 14 12.8%
Slide 42: Notable Deals 3Q10
Notable Deals 3Q10 M&A IPO Khazanah Nasional Berhad PT Bank Jabar Banten VGO of Parkway Holdings Limited IDR1,452 tril offering SGD3.5 bil Sunway REIT Measat Global Network Systems Sdn Bhd RM1,500 mil VGO of MEASAT Global Berhad RM662 mil Bond j g Capital Tanjong p Sdn Bhd Khazanah Nasional Berhad V
Slide 43: Notable Deals launched in 4Q10
Notable Deals launched in 4Q10 DCM M&A PT Bank Pan Indonesia Tbk UEM Group Berhad & EPF IDR3.0 tril senior bonds and subordinated Acquisition of Plus Expressways Berhad bonds RM23 bil IPO Trans Thai Malaysia (Thailand) Ltd. (via TTM Sukuk Berhad) Petronas Chemical Group Berhad RM600.0 mil Sukuk RM12
Slide 44: Asset Management & Insurance
CIMB GROUP : 9M10 RESULTS ASSET MANAGEMENT & INSURANCE
Slide 45: Group Asset Management & Insurance
Group Asset Management & Insurance PBT 3Q10 2Q10 9M10 9M09 Q-o-Q Y-o-Y (RM ’mil) (FRS 139) (FRS 139) (FRS 139) (GP3) CIMB-P Group 15 11 36.4% 39 23 69.6% Wholesale 3 2 50.0% 8 15 (46.7%) Insurance (1) 10 n.a. (3) 76 n.a. Securities Services 9 5 80.0% 18 15 20.0% Total 26 28 ((7.1%)) 62 129 ((51.9%))
Slide 46: CIMB Niaga
CIMB GROUP : 9M10 RESULTS CIMB NIAGA
Slide 47: CIMB Niaga: Earnings Summary
CIMB Niaga: Earnings Summary 3Q10 2Q10 9M10 9M09 (IDR ’bil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) N t IInterest Net t t Income I 1 854 1,854 1 865 1,865 (0 6%) (0.6%) 5 385 5,385 4 744 4,744 13 5% 13.5% Non Interest Income 435 385 13.0% 1,118 1,065 5.0% p g Income Operating , 2,289 2,250 ,
Slide 48: CIMB Niaga: Balance Sheet Changes
CIMB Niaga : Balance Sheet Changes (IDR ’bil) 30th Sep 10 30th Jun 10 Q-o-Q 30th Sep 09 Y-o-Y Placements & Other MS 20,220 25,242 (19.9%) 10,513 92.3% Government Bonds 6,969 4,712 47.9% 8,553 (18.5%) Loans 92,831 88,388 5.0% 72,535 28.0% Other Assets 9 122 9,122 7 990 7,990 14 2% 14.2% 9 485 9,485 (
Slide 49: Gross Loans Growth by Segment
Gross Loans Growth by Segment 30th Sep 10 30th Jun 10 30th Sep 09 Products / Divisions Q-o-Q Y-o-Y (IDR ’bil) (IDR ’bil) (IDR ’bil)* Retail Banking 30,716 28,334 8.4% 23,030 33.4% Credit Cards 1,783 1,578 13.0% 1,395 27.8% Auto Loans 12,984 11,526 12.6% 7,811 66.2% Mortgage 14,487 13,765 5.2% 12,394
Slide 50: Deposits Growth
Deposits Growth 30th Sep 10 30th Jun 10 30th Sep 09 Products / Divisions Q-o-Q Y-o-Y (IDR ’bil) (IDR ’bil) (IDR ’bil) Retail Banking 50,559 48,126 5.1% 39,619 27.6% - Current 3,727 3,296 13.1% 2,889 29.0% - Savings 22,289 20,623 8.1% 17,273 29.0% - Fixed & structured deposits 24,543 24,207 1.4% 19,4
Slide 51: CIMB Niaga: Key Ratios
CIMB Niaga : Key Ratios (Consolidated, %) 3Q10 2Q10 Q-o-Q 9M10 9M09 Y-o-Y ROE 21.0 20.2 4.0% 19.8 15.4 28.6% NIM 6.5 6.6 (1.5%) 6.6 6.8 (2.9%) Cost to Income 50 3 50.3 43 6 43.6 15 4% 15.4% 49 0 49.0 50 6 50.6 (3 2%) (3.2%) Loan Loss Coverage*# 136.4 140.0 (2.6%) 136.4 96.8 40.9% Allowance Coverage*
Slide 52: Corporate Updates
Corporate Updates Corporate Update Business & Corporate Activities Capital Raising Completed the issuance of Rp1.38 trillion with price at 11.30% p.a on 8 Jul 2010 IDR Subdebt On 26 Jul 2010, CIMB Group AGM Launched “CIMB Niaga AirAsia Savers”, a new savings approved the acquisition of up to 19.67%
Slide 53: CIMB Thai
CIMB GROUP : 9M10 RESULTS CIMB Thai Th i
Slide 54: CIMB Thai: Earnings Summary
CIMB Thai : Earnings Summary (Baht ’mil) 3Q10 2Q10 Q-o-Q 9M10 9M09 Y-o-Y (Before GAAP Adjustments) Net Interest Income 1,261 1,229 2.6% 3,735 3,627 3.0% Non Interest Income 377 573 (34.2%) 1,510 1,717 (12.1%) Operating Income 1,638 1,802 (9.1%) 5,245 5,344 (1.9%) Overhead Expenses (1,324) (1,316) 0.
Slide 55: CIMB Thai: Balance Sheet Changes
CIMB Thai : Balance Sheet Changes (Baht ’mil) (Before GAAP 30th Sep 10 30th Jun 10 Q-o-Q 30th Sep 09 Y-o-Y Adjustments) Placements & Other MS 18,301 20,225 (9.5%) 25,572 (28.4%) Government Bonds (Net) 14,451 13,942 3.7% 11,117 30.0% L Loans (N (Net) t) 87 017 87,017 83 835 83,835 3 8% 3.8% 73 307 73
Slide 56: Loans Growth by Segment
Loans Growth by Segment 30th Sep 10 30th Jun 10 30th Sep 09 Products / Divisions Q-o-Q Y-o-Y (THB ’bil) bil) (THB ’bil) bil) (THB ’bil) bil) Retail Banking g 30.6 29.0 5.5% 25.2 21.4% Auto Loans 5.3 4.6 15.2% 3.7 43.2% Mortgage 19.4 18.4 5.4% 13.6 42.6% Personal / Others 5.9 6.0 (1.7%) 7.9 (25.3%) C
Slide 57: CIMB Thai: Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) 3Q10 2Q10 Q-o-Q 9M10 9M09 Y-o-Y ROE 8.1 17.3 (53.2%) 14.0 (0.8) >1000% NIM 4.37 4.53 (3.5%) 4.49 3.52 27.6% Cost to Income 80.8 73.0 10.7% 75.4 79.7 (5.4%) Loan Loss Coverage** 71.9 69.6 3.3% 71.9 60.8 18.3% Allowance Coverage** 72.7 78.5 (7.4%) 72.7 60.8 19.
Slide 58: Key Indicators
Key Indicators Loans vs. Deposits (THB ’bil) Loan Yields and Deposit Costs 6.8% 5 9% 5.9% 5.7% 5.5% 5.4% 97 93 88 92 82 88 89 86 84 81 1.4% 1.4% 1.2% 1.2% 1.0% Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Loan Deposit (THB'bn) Loan Yield Deposit Cost Net Interest Margin LDR
Slide 59: Latest Happenings
Latest Happenings CIMB Thai won an award from Commerzbank New CIMB Preferred Center In Jul 2010, CIMB Thai received its first award CIMB Thai opened its new CIMB Preferred Centre from STP Awards 2009,, an appreciation pp of Quality y in Bangbon, Bangkok in Sept 2010. This brings the excellence in de
Slide 60: Other Highlights
CIMB GROUP : 9M10 RESULTS OTHER HIGHLIGHTS
Slide 61: CIMB Islamic
CIMB Islamic Ranking of Total Islamic Assets as at 30 Jun 2010 Ranking of Islamic Net Financing as at 30 Jun 2010 Market Market Total Assets Net Financing R k Rank C Company Share R k Rank C Company Share RM ’mil % RM ’mil % 1 MIBB 44,509 15 1 MIBB 33,516 18 2 CIMB Islamic 37 351 37,351 12 2 CIMB Is
Slide 62: Bank of Yingkou
Bank of Yingkou Exploring Islamic Banking and Credit Card offerings (pending CBRC’s approval) Kick-start Investment Banking collaboration with IB seminar in Aug 2010 Knowledge sharing in RB RB, S&D S&D, IT and Risk Management 3Q10 2Q10 Q-o-Q 9M10 Operating income (RMB mil) 298 264 12.9% 794 Ne
Slide 63: Progress Milestones
Progress Milestones Quick-wins and synergy initiatives Free reload at CIMB Bank ATMs Completed Launched CIMB Smart Drivers Cards Completed Smart Ticketing – expansion of readers and kiosks for KTM and Q1 2011 Rapid buses, secure ERL New product initiatives in the pipeline Q1 2011 Prioritis
Slide 64: Key 2010 Priorities Update
Key 2010 Priorities Update Priorities Updates Regional ATM Link completed (9 Jun 2010) – over 3,700 ATMs across MIST, transactions doubled our estimation Advance regional value proposition Regional CIMB Preferred in Singapore (27 Sept 2010) - cross-border products and services across 100 Preferr
Slide 65: Notable Awards 2009/2010
Notable Awards 2009/2010 1 1 1 Best Bank Best Foreign Exchange Bank Best Domestic Debt/Equity House Best Investment Bank Best Cash Management Bank Best Domestic Bank Best TopIslamic AsianBank in AsiaBank Investment (2 consecutive Award Best Bond House Best Large Cap Corporate for Malaysia years) Bes
Slide 66: Outlook
CIMB GROUP CEO’S REVIEW: 9M10 RESULTS OUTLOOK
Slide 67: Targets for 2010
Targets for 2010 9M10 Annualised 2010 Target On Track ROE 16.7% 16.0% 9 TSR +16.9% above KLCI > KLCI 9 Dividend 18.08 sen 9.25 sen 9 Gross loans g growth 10% 12% r Group CASA growth 12% 18% r Loan loss charge 0.3% 0.6% 9 Tier 1 (at bank)* 14% 10% 9 RWCR (at bank)* 14% 12% 9 Note: * After proposed di
Slide 68: Thank You
THANK YOU 68
CIMB Group Holdings Berhad — 9M 2010 Earnings Presentation on 6ix