United Overseas Bank Limited · SGX:U11
United Overseas Bank — H1 2020 Earnings Presentation
10 slides from United Overseas Bank's earnings presentation, Aug 6, 2020
Slide 1: 1H20 Results: Maintaining Strong Balance Sheet Amid Challenging Economic Conditions
1H20 Results: Maintaining Strong Balance Sheet Amid Challenging Economic Conditions Wee Ee Cheong Deputy Chairman and Chief Executive Officer 6 August 2020 Discla imer : Th is mater ial that follo ws is a presentation of general backgrou n d informat ion abo ut the Bank’s act ivit ies current at the
Slide 2: Navigating COVID-19
Navigating COVID-19 For our • Enabled ~13k staff working from home across the region Colleagues • Provided additional allowances and family care leave, flexible work arrangements and face masks • Equipped staff with relevant skills to thrive in ever-changing environment through Better U upskilling p
Slide 3: 1H20: Softer performance amid challenging conditions but balance sheet strengths intact
1H20: Softer performance amid challenging conditions but balance sheet strengths intact Income Net Profit After Tax 6% YoY S$4.7b 30% YoY S$1.6b Cost / Income Ratio Gross Customer Loans 51.5ppt YoY 45.6% 53% YoY S$281b NPA1 Coverage Credit Costs 512ppt YoY 96% 539bp2 YoY 52bp2 All Currency LCR3 CE
Slide 4: Diversified loan portfolio
Diversified loan portfolio Professionals Housing loans and private 24% Others individuals 5% 10% Transport, General storage and commerce Industry communication 13% 4% FIs, investment Building & and holding construction Large Others companies 25% Manufacturing corporates 11% 10% 51% 9% Greater China
Slide 5: Corporates: Growing our regional franchise, capturing cross-border opportunities
Corporates: Growing our regional franchise, capturing cross-border opportunities Strengthening 28%1 +5%2 Connectivity Cross-border income’s Non-Singapore contribution to Group income Across our ASEAN footprint Asia’s Best Bank Wholesale Banking for SMEs (2020) and global network income Sector Specia
Slide 6: Consumers: Tapping on rising affluence in Southeast Asia
Consumers: Tapping on rising affluence in Southeast Asia Omni-channel S$129b1,2 UOB Mighty, Experience > 50% ATMs & contact Digitally-engaged Assets under centre ranked Serving affluent customers customers1 management (AUM) top in customer across various touchpoints 59% YoY in 1H20 satisfaction3 Dig
Slide 7: Reaping benefits from our technology investments
Reaping benefits from our technology investments +14% +12% +2.4X UOB Mighty App Personal Internet Banking PayNow Transactions (PIB) Transactions Transactions +12% +3.5X +8.9X Business Internet Banking Application Programming PayNow Corporate Plus (BIBPlus) Transactions Interface (API) Calls Transact
Slide 8: Focused on riding Southeast Asia's long-term growth potential
Focused on riding Southeast Asia’s long-term growth potential Group Wholesale Banking Capture growing cross-border trade and investment flows through our sector specialisation and integrated regional platform. Group Retail Ride on growing affluence and wealth potential of the region’s rising middle
Slide 9: Outlook: 2020 Guidance
Outlook: 2020 Guidance • Maintain responsible and prudent approach in supporting our customers • Grow and seize opportunities selectively, backed by strong balance sheet and enhanced capabilities • Some upside to NIM in 2H20 after hitting trough levels • Expect moderate rebound in fees in 2H20 as ec
Slide 10: Thank You
Thank You tt UOB RIGHT BY YOU