Oversea-chinese Banking Corporation Limited · SGX:O39
Oversea-chinese Banking — Shareholder Meeting (April 2022)
18 slides from Oversea-chinese Banking's shareholder meeting presentation, Apr 22, 2022
Slide 1: 85th Annual General Meeting - Group Chief Executive Officer Remarks
85th ANNUAL GENERAL MEETING Group Chief Executive Officer 22 April 2022 Remarks 23 February 2022 Disclaimer: This presentation should be read as an overview of OCBC’s current business activities and operating environment which may contain statements relating to OCBC’s growth strategy and future busi
Slide 2: Group Chief Executive Officer Presentation Remarks
Group Chief Executive Officer Group Chief Executive Officer Presentation Remarks Helen Wong 23 February 2022
Slide 3: Agenda
Agenda 2021 Performance 2022 Outlook Corporate Strategy 3
Slide 4: 2021 Performance
Creating a Sustainable World 2021 Performance It’s all in our hands 4
Slide 5: Delivered Operational Excellence in 2021
2021 Performance 2022 Outlook Corporate Strategy Delivered Operational Excellence in 2021 ▪ OCBC emerged from Sharpened key strategic priorities to capitalise on growth opportunities 2021 as a more resilient and stronger bank ▪ Well-positioned to Refined organisational structure to drive customer ex
Slide 6: 2021 Earnings Back to Pre-pandemic Level
2021 Performance 2022 Outlook Corporate Strategy 2021 Earnings Back to Pre-pandemic Level ▪ Group net profit up 35% YoY YoY S$ million 2021 2020 +/(-)% ▪ Group ROE improved to 9.6% Net interest income 5,855 5,966 (2) Non-interest income 4,741 4,173 14 ▪ Robust growth in non- interest income driven T
Slide 7: Diversified Franchise
2021 Performance 2022 Outlook Corporate Strategy Diversified Franchise ▪ Diversified franchise Operating Profit Operating Profit provides a strong base by Geography by Business for OCBC to consistently achieve resilient and balanced earnings Others Insurance across economic cycles Global Treasury an
Slide 8: Robust 2021 Performance Across Three Business Pillars
2021 Performance 2022 Outlook Corporate Strategy Robust 2021 Performance Across Three Business Pillars Net Profit Customer Customer (S$m) +41% Loans (S$b) +8% Deposits (S$b) +9% ▪ Banking net profit 3,926 second highest on 342 2,788 290 315 record Banking 267 ▪ Wealth management income at a new high
Slide 9: Sustained Loan and Deposit Growth Momentum
2021 Performance 2022 Outlook Corporate Strategy Sustained Loan and Deposit Growth Momentum ▪ Broad-based loan Customer Loans Customer Deposits growth led by by Geography by Product Singapore, Greater China and international network +8% +9% (S$b) (S$b) ▪ Growth in customer 342 315 deposits driven by
Slide 10: Strong Balance Sheet Fundamentals
2021 Performance 2022 Outlook Corporate Strategy Strong Balance Sheet Fundamentals Funding 1/ ▪ Strong ability to buffer Liquidity Capital against cyclical • Ample and well-diversified funding • Sound liquidity position • Strong capital base economic downturns • NSFR at 121% • LCR well above minimum
Slide 11: Sustainable and Progressive Dividend
2021 Performance 2022 Outlook Corporate Strategy Sustainable and Progressive Dividend ▪ 2021 total dividend at 53 cents per share, back to 2019 pre- 47% 49% pandemic level 40% 39% 37% Dividend payout ratio ▪ Payout represented 49% of 2021 Group net 53.0 53.0 profit 43.0 37.0 28.0 28.0 31.8 23.0 19.0
Slide 12: 2022 Outlook
Creating a Sustainable World 2022 Outlook It’s all in our hands 12
Slide 13: 2022 Outlook
2021 Performance 2022 Outlook Corporate Strategy 2022 Outlook ❑ Asia’s growth remains resilient ❑ Liberalisation of international travel and easing of movement restrictions to spur growth ❑ US Fed interest rate hikes to provide net interest income uplift ❑ Watchful of potential headwinds • Geopoliti
Slide 14: Corporate Strategy
Creating a Sustainable World Corporate Strategy It’s all in our hands 14
Slide 15: Excel for Sustainable Growth
2021 Performance 2022 Outlook Corporate Strategy Excel for Sustainable Growth 3-year strategy refresh to drive growth and reinforce core strengths (2022 – 2024) Capture rising Asian wealth with our SG-HK hubs and digital propositions Drive Growth Support increasing ASEAN-Greater China trade and inve
Slide 16: Building a Low-Carbon Future
2021 Performance 2022 Outlook Corporate Strategy Building a Low-Carbon Future Support customer transition to Actively reduce our a low-carbon world environmental footprint ❑ Developed a 5-year Climate Strategy to ❑ Target to achieve carbon neutrality for accelerate sustainable transition banking ope
Slide 17: Creating a Sustainable World Together
2021 Performance 2022 Outlook Corporate Strategy Creating a Sustainable World Together Drive awareness in Invest in our people climate change and help our communities ❑ Published inaugural Task Force on Climate- ❑ Donated S$3.2 million and supported more related Financial Disclosures (TCFD) report t
Slide 18: Thank You
Thank You Group Chief Executive Officer Remarks 23 February 2022
Oversea-Chinese Banking — Shareholder Meeting (April 2022) on 6ix