Entie Commercial Bank · TWSE:2849
Entie Commercial Bank — Q2 2022 Earnings Presentation
15 slides from Entie Commercial Bank's earnings presentation, Aug 31, 2022
Slide 1: 2022Q2 Investor Conference
2022Q2 Investor Conference Vivian Chen, CFO August 31, 2022
Slide 2: Notice
Notice Certain information contained herein constitutes “forward-looking statements”, which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue”, or “believe” or variations thereon or comparab
Slide 3: Snapshot of EnTie
Snapshot of EnTie Company Overview Selected Key Metrics / Ratio (NT$ million) 2020 2021 1H22 EnTie is one of the 16 “new” private banks established in the wave of liberalization of Statements of Comprehensive Income Taiwan’s banking industry in early 1990’s Net Interest Income 3,425.66 3,675.90 2,
Slide 4: 2022 Strategies
2022 Strategies Risk Profitability Management Expand target customer and niche market, steadily Maintain strong capitalization, optimize expand high-quality credit assets, and increase NII. operational resilience and support business development. Effective use of existing customer resources to
Slide 5: 1H22 Performance Summary
1H22 Performance Summary Operation Overview 1H22 net revenue, net income and basic EPS reached NT$3,136MM, NT$1,149MM and NT$0.59, respectively. 1H22 net revenue and net income grew by 7% and -6% on YoY basis, respectively. Stable Deposit and Loan Base In pursuit of moderate asset growth through
Slide 6: Profitability
Profitability Net Interest Income Net Fee Income NT$m；% NT$m；% 2,010 885 769 419 1,052 -13% +12% 1,787 958 350 +10% +20% 1H21 1H22 1Q22 2Q22 1H21 1H22 1Q22 2Q22 Net Revenue Net Income NT$m；% NT$m；% 1,228 1,149 3,136 +7% 1,574 1,563 -6% 681 2,940 -31% 468 +1% 1H21 1H22 1Q22 2Q22 1H21 1H22 1Q22 2Q22 6
Slide 7: Key Ratios
Key Ratios NIM Spread +8bps +6bps 1.23% +6bps +9bps 1.23% 1.28% 1.19% 1.19% 1.15% 1.17% 1.13% 1H21 1H22 1Q22 2Q22 1H21 1H22 1Q22 2Q22 Operating Expense & Cost to Income Ratio Provisions NT$m；% NT$m；% 49.42% -2.56% 46.86% +2.86% 48.30% 45.44% 710 760 317 +1% 1,470 +7% +268% 224 1,453 +141% 86 93 1H21
Slide 8: Key Ratios (Con't)
Key Ratios(Con’t) Pre-tax ROE & Pre-tax ROA ROE & ROA 8.16% 8.72% 7.96% 7.84% 6.97% 7.16% 6.78% 0.88% 0.92% 0.80% 0.78% 0.80% 5.53% 0.70% 0.68% 0.55% 1H21 1H22 1Q22 2Q22 1H21 1H22 1Q22 2Q22 Pre-tax ROE Pre-tax ROA ROE ROA Ranking of pre-tax ROA and pre-tax ROE of 1H22 Pre-tax ROA 1.17 NO.8 0.99 0.91
Slide 9: Revenue Composition
Revenue Composition Net Revenue Net Fee Income NT$ bn NT$ bn 3.14 2.94 0.89 0.36 0.27 0.77 0.12 0.77 0.88 0.11 0.11 1.57 1.57 0.15 0.42 0.26 0.1 0.33 0.35 0.42 0.22 0.05 2.01 0.35 0.07 1.79 0.06 0.08 0.11 0.96 1.05 0.33 0.29 0.11 0.19 0.1 1H21 1H22 1Q22 2Q22 1H21 1H22 1Q22 2Q22 NII NFI Other Loan Tr
Slide 10: Balanced Loan Composition
Balanced Loan Composition Optimized risk and return in pursuit of a balanced portfolio Corporate Loans : 52% Retail Loans : 48% NT$ bn NT$ bn NT$115.0bn NT$108.3bn 115.0 108.3 110.2 106.4 101.2 102.3 0.0 0% 0% 0.2 0% 0% 0% 0.2 0.1 0.4 0.4 0% 2% 2.1 2% 2.4 0.1 0% 0.4 0% 3.7 4% 22.4 20.1 17% 9.1 9% 20
Slide 11: Stable Customer Deposits Base
Stable Customer Deposits Base Deposit Balance Split Deposits Evolution % NT$bn 52% 48% 48% 290.5 52% 52% 283.9 48% 263.4 49.0 17% 52.5 18% 2020.12.31 2021.12.31 2022.6.30 Corporate Retail 50.0 19% Gross Loan / Deposits % 162.1 57% 165.4 57% 144.7 55% 77.3% 76.3% 76.9% 68.7 26% 72.8 26% 72.6 25% 2020
Slide 12: High Quality Investment Portfolio
High Quality Investment Portfolio Conservative and transparent investment portfolio, dominated by money market and high quality fixed income product Investment Portfolio(2022/6/30) Items NT$ m Stock 0% CBC NCD Gov't bonds 2022/6/30 35% 7% Corporate bonds Commercial 23% Government bonds 6,240 REITs p
Slide 13: Assets Quality
Assets Quality Improving underwriting quality and enhanced collection efforts help reduce future NPL influx and increase bad debt recovery NPL and NPL Ratios LLR and Coverage NT$m；% NT$m；% 6,000 0.97% 0.90% 2.00% 6,000 5,000 0.57% 1.00% 160.88% 264.61% 158.32% 400.00% 5,000 4,000 0.00% 4,000 3,258 3
Slide 14: Strong Capitalization
Strong Capitalization Strong and high quality capitalization provides significant cushion for long term business development. The Bank will strengthen profitability in order to achieve organic capital growth CAR Ratio Tier 1 & CET 1 Ratio ％ ％ 17.69% 16.52% 16.32% 1.19% 14.13% 14.33% 1.23% 1.19% 15.3
Slide 15: Leading Capital Strength
Leading Capital Strength Ranking of CET1 of 2022.3.31 % CET1 2020 2021 2022.3.31 NO.2 EnTie 15.09% 16.50% 16.54% 17.95 Ranking 1 2 2 16.54 14.90 14.65 Industry Avg. 11.84% 11.96% 11.39% 14.32 13.40 13.00 12.75 12.40 12.19 12.08 12.03 12.02 11.97 11.88 11.74 11.16 11.13 Avg.： 10.72 10.60 10.51 10.41
EnTie Commercial Bank — Q2 2022 Earnings Presentation on 6ix