United Overseas Bank Limited · SGX:U11
United Overseas Bank — UOB Kay Hian SGX Stock in Focus (June 2025)
21 slides from United Overseas Bank's conference presentation, June 2025
Slide 1: UOB Kay Hian SGX Stock in Focus: UOB
UOB Kay Hian SGX Stock in Focus: UOB Navigating uncertainties from position of strength June 2025 Discla imer: The materia l in th is presentation conta in s general ba ckgroun d informatio n about Un ite d Overseas Bank L im ite d (“UOB”) and its act ivit ies as at the date of the presentatio n. Th
Slide 2: Agenda
Agenda 1 Overview of UOB Group 2 Consistent Track Record 3 Growth Drivers and Targets 4 Summary 5 Q&A 2 ## RESTRICTED ##
Slide 3: Overview of UOB Group
Overview of UOB Group 3 ## RESTRICTED ##
Slide 4: UOB Overview
UOB Overview Founding Key Statistics for 1Q25 Founded in August 1935 by a group of Chinese ■ Gross loans : SGD341b (USD254b1) businessmen and Datuk Wee Kheng Chiang, ■ Customer deposits : SGD401b (USD299b1) grandfather of the present UOB Group CEO, Mr. Wee ■ Loan / Deposit ratio : 84.0% Ee Cheong. ■
Slide 5: A leading Singapore bank; Established franchise in core market segments
A leading Singapore bank; Established franchise in core market segments Group Retail Group Wholesale Banking Global Markets ▪ Best Retail Bank in Singapore ▪ Best SME Bank in Singapore ▪ Strong player in Singapore dollar ▪ Strong player in credit cards and ▪ Seamless access to regional treasury inst
Slide 6: Proven track record of execution
Proven track record of execution ▪ UOB Group’s management has a proven track record in steering the Group through various global events and crises ▪ Stability of management team ensures consistent execution of strategies ▪ Disciplined management style which underpins the Group’s overall resilience a
Slide 7: Comprehensive regional banking franchise
Comprehensive regional banking franchise Extensive Regional Footprint 1Q25 performance by segment Myanmar Greater China1 Group Income 1 branch 20 branches Retail SGD189b2 Assets under Thailand 144 branches Vietnam 5 branches SGD1.3b management +6% YoY Malaysia Philippines -1% YoY 55 branches 1 branc
Slide 8: Consistent Track Record
Consistent Track Record 8 ## RESTRICTED ##
Slide 9: Growing loans without compromising asset quality
Growing loans without compromising asset quality Loan book up >10x in 20 years with asset quality staying well managed despite macro challenges Net loans Non-performing loans ratio 400 12.0% 10.3% 350 334 10.0% 300 8.0% 250 (S$bn) (%) 200 6.0% 150 4.0% 100 2.0% 1.5% 50 27 - 0.0% 1999 2004 2009 2014
Slide 10: Healthy loans growth of 6% YoY and 1% QoQ
Healthy loans growth of 6% YoY and 1% QoQ By Industry By Geography +6% +1% 5% 5% 323 328 334 338 341 Rest of the world 47 49 49 48 49 24% Greater China 51 53 49 52 51 27% 69 69 73 74 74 ASEAN-4 $341b Mar-25 Singapore 157 158 163 164 167 9% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 8% Note: Loans are classi
Slide 11: Business largely funded by customer deposits
Business largely funded by customer deposits Customer deposits Customer deposit mix 450 404 400 Others 4% 350 Fixed deposits 300 41% Savings deposits (S$bn) 250 29% 200 150 100 50 41 Current - accounts 1999 2004 2009 2014 2019 2024 26% 11
Slide 12: Consistently delivering profits over the years
Consistently delivering profits over the years UOB has remained profitable over various economic cycles Total income Net profit after tax 16,000 14,294 14,000 7,000 6,045 6,000 12,000 5,000 10,000 (S$mn) 4,000 (S$mn) 8,000 3,000 6,000 2,000 4,000 1,000 760 1,788 - 2,000 1999 2004 2009 2014 2019 2024
Slide 13: Delivering consistent and sustainable returns to shareholders
Delivering consistent and sustainable returns to shareholders Core Dividend Capital Distribution Per ordinary share (¢) Package 180 $3 billion 170 50 cents 135 Special Dividend in 2025 120 92 85 75 Final 60 $2 billion Share Buyback by 2027 85 88 Interim 60 60 2021 2022 2023 2024 2025 to 2027 13 ## R
Slide 14: Growth Drivers and Targets
Growth Drivers and Targets 14 ## RESTRICTED ##
Slide 15: Our medium-term goals by 2026
Our medium-term goals by 2026 Increased contribution Higher mix of Improved cost efficiency from ASEAN non-interest income and productivity Return on equity Income from ASEAN-41 Fueled by growth CIR closer to 40%; Sustained at ~14% to reach 30%, engines of wealth, cost mix shift from while maintaini
Slide 16: Wholesale business to pivot towards trade, cash and treasury
Wholesale business to pivot towards trade, cash and treasury spurred by connectivity flows and enhanced product platforms Riding on 2026 Wholesale Banking shape megatrends to Pivot towards trade, of WB income to be driven by drive our ASEAN increase2 in cash management 2x trade loans3 ~60% trade, ca
Slide 17: Enlarged retail franchise to capture rising wealth in the region
Enlarged retail franchise to capture rising wealth in the region, augmented by post-Citi integration synergy ASEAN’s immense 2026 Retail Banking shape growth potential Reshaping business mix of retail income to be Increase2 in AUM of towards growth engines ~50% driven by wealth and cards1 (2023: 38%
Slide 18: Summary
Summary 18 ## RESTRICTED ##
Slide 19: Why UOB?
Why UOB? Stable Integrated regional Strong Balance growth management platform fundamentals with stability • Proven track record • Truly regional bank • Strong Common Equity • More than half of Group’s in steering the bank with full ownership and Tier 1 capital adequacy earnings from home through var
Slide 20: Q&A
Q&A 20 ## RESTRICTED ##
Slide 21: Right By You
@ Right By You
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