14 slides from Security Bank Corp. (philippines)'s earnings presentation, Mar 2, 2020
Slide 1: FY 2019 Results Highlights
FY 2019 Results Highlights By: Sanjiv Vohra, President & CEO March 2, 2020
Slide 2: Total Revenues and Net Profit
Total Revenues and Net Profit Total Revenues Net Profit ₱33.9 Billion ₱10.1 Billion 33.9 +17% 10.1 +33% +₱8.3 B 8.6 +₱1.5 B 25.6 FY 2018 FY 2019 FY 2018 FY 2019 2
Slide 3: Net Interest Income
Net Interest Income Net Interest Income from Customer Net Interest Income Loans & Deposits* ₱26.8 Billion +29% ₱22.5 Billion 26.8 +43% 22.5 +₱6.0 B 20.8 +₱6.8 B 15.7 FY 2018 FY 2019 FY 2018 FY 2019 Net Interest Margins Net Interest Spreads on Loans & Deposits* +66 bps 3.93% +112 bps 5.53% 3.27% 4.41
Slide 4: Total Loans and Total Deposits
Total Loans and Total Deposits Total Loans* Total Deposits ₱456 Billion ₱500 Billion +2% 500 +9% 456 489 416 +₱11 B +₱40 B +56% 131 29% 188 38% +19% 224 45% 84 20% 332 80% 324 71% 301 62% 276 55% Dec. 31, 2018 Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2019 *Total loans (and retail loans) include personal
Slide 5: Non-Interest Income
Non-Interest Income Service Charges, Fees & Commissions Securities Trading Gains ₱4.1 Billion +40% 4,084 M ₱1.5 Billion +320% +₱1,157 M +72% 1.5 2,927 M 992 +39% +₱1.1 B 805 +29% 575 579 +23% 753 0.4 582 +22% 854 +155% 696 258 315 +24% 54 183 138 226 FY 2018 FY 2019 FY 2018 FY 2019 Total Non-Interes
Slide 6: Cost-to-Income Ratio and Operating Expense (including GRT and DST)
Cost-to-Income Ratio and Operating Expense (including GRT and DST) Cost-to-Income Ratio Operating Expense* 51.1% ₱17.4 Billion +26% 17.4 53.9% 51.1% +₱3.6 B YoY growth 13.8 5.6 +13% Compensation and fringe benefits +79% 4.9 Taxes and licenses 3.2 +60% Depreciation and amortization 1.8 2.1 -66% 1.3 0
Slide 7: Cost-to-Income Ratio and Operating Expense (excluding GRT and DST)
Cost-to-Income Ratio and Operating Expense (excluding GRT and DST) Cost-to-Income Ratio* Operating Expense** 42.2% ₱14.3 Billion +18% 14.3 47.5% 12.2 +₱2.1 B YoY growth 42.2% +13% 5.6 Compensation and fringe benefits +16% 4.9 Taxes and licenses* 0.1 +60% 0.2 2.1 Depreciation and amortization 1.3 -66
Slide 8: Manpower Headcount
Manpower Headcount Manpower Headcount 6,625 Headcount +12% 6,625 5,903 +722 FY 2018 FY 2019 8
Slide 9: Asset Quality
Asset Quality NPL Ratio and NPL Reserve Cover Provision for Credit Losses 216% 160% ₱4.2 Billion (Credit Cost, 96 Basis Points*) 4.2 +484% 111% 106% +₱3.5 B 1.17% 0.7% 0.7 Dec. 31, 2018 Dec. 31, 2019 FY 2018 FY 2019 18 bps* 96 bps* *Credit cost (provisions for credit losses / average loans) 9
Slide 10: Return on Shareholders' Equity
Return on Shareholders’ Equity Return on Shareholders’ Equity 8.9% +80bps 8.9% 8.1% FY 2018 FY 2019 10
Slide 11: Balance Sheet
Balance Sheet Total Assets Total Liabilities ₱793 767 Billion 793 ₱675 Billion 54% 57% 33% 30% 13% 13% Dec. 31, 2018 Dec. 31, 2019 Liquidity Ratios CET 1 and Total CAR 16.9% and 17.9% Liquidity Coverage Ratio (LCR) 115% 17.1% 18.0% 16.9% 17.9% Net Stable Funding Ratio (NSFR) 113% 11 Sep. 30, 2019 De
Slide 12: Quarterly Financial Highlights
Quarterly Financial Highlights Total Revenues Net Interest Income ₱9.8 Billion 8.8 9.8 ₱8.0 Billion 8.0 7.9 7.0 7.5 6.1 6.8 5.5 5.7 Q4-2018 Q1-2019 Q2-2019 Q3-2019 Q4-2019 Q4-2018 Q1-2019 Q2-2019 Q3-2019 Q4-2019 Pre-Provision Operating Profit Quarterly Net Interest Margin ₱5.3 Billion 4.52% 4.05% 4.
Slide 13: Our Key Objectives and Results
Our Key Objectives and Results 2018 2019 I. Improve Return on Shareholders’ Equity 8.1% 8.9% II. Improve Net Interest Margin 3.27% 3.93% III. Accelerate Growth of the Retail Banking +55% +59% Business* Retail Loan Growth +47% +56% Retail Loans as Percent of Total Loans 20% 29% IV. Profitably Grow Wh
Slide 14: FY 2019 Results Highlights
FY 2019 Results Highlights By: Sanjiv Vohra, President & CEO March 2, 2020