16 slides from Security Bank Corp. (philippines)'s earnings presentation, Mar 2, 2023
Slide 1: FY 2022 Results Highlights
FY 2022 Results Highlights By: Sanjiv Vohra, President & CEO March 2, 2023
Slide 2: Total Revenues and Net Income
Total Revenues and Net Income Net Income ₱10.6 Billion 10.6 +53% 6.9 +₱3.6 B FY 2021 FY 2022 Profit Before Tax Total Revenues ₱13.9 Billion ₱39.6 Billion +8% 39.6 +35% 13.9 36.8 +₱2.8 B 10.3 +3.6 B FY 2021 FY 2022 FY 2021 FY 2022 2 Note: Numbers may not sum up due to rounding
Slide 3: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin Net Interest Income Net Interest Margin ₱29.2 Billion 4.23% +7% 29.2 -20 bps 27.5 4.43% +1.8B 4.23% FY 2021 FY 2022 FY 2021 FY 2022 3 Note: Numbers may not sum up due to rounding
Slide 4: Non-Interest Income
Non-Interest Income Total Non-Interest Income ₱10.4 Billion +11% 10.4 9.4 +₱1.0 B 5.3 4.5 1.2 5.1 3.7 (0.0) FY 2021 FY 2022 Service Charges, Fees & Commissions Non-Interest Income - Others ₱5.3 Billion +17% 5.3 ₱5.1 Billion 5.1 4.5 +₱0.8 B 3.7 +40% +₱1.5 B FY 2021 FY 2022 FY 2021 FY 2022 4 Note: Num
Slide 5: Cost-to-Income Ratio and Operating Expense
Cost-to-Income Ratio and Operating Expense Cost-to-Income Ratio Operating Expense* 57.8% ₱22.9 Billion 57.8% 57.8% +8% 22.9 21.3 YoY growth +₱1.6 B +9% 7.5 Compensation and fringe benefits 6.9 -7% Taxes and licenses 3.1 FY 2021 FY 2022 3.3 +5% Depreciation and amortization 2.5 2.7 0.4 -1% Manpower H
Slide 6: Total Loans, Investment Securities and Deposits
Total Loans, Investment Securities and Deposits Total Loans* Loans & Investment in Corp. Bonds ₱503 Billion +12% YoY 503 ₱564 Billion +19% 449 +₱54 B YoY 564 121 24% 475 +₱89 B 104 23% +16% 61 26 +135% +10% 381 76% 503 344 77% 449 +12% Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2021 Dec. 31, 2022 *Loans (
Slide 7: Asset Quality
Asset Quality Gross NPL Ratio and NPL Reserve Cover Allowance over Total Loans 101% 3.17% 93% 94% 3.90% 3.25% 3.17% 3.94% 3.24% 2.95% Dec. 31, 2021 Sep. 30, 2022 Dec. 31, 2022 Dec. 31, 2021 Sep. 30, 2022 Dec. 31, 2022 7
Slide 8: Provisions for Credit and Impairment Losses
Provisions for Credit and Impairment Losses Provisions for Credit and Impairment Losses Provisions per Segment ₱2.8 Billion In Php millions FY 2021 FY 2022 5.3 Retail 1,168 1,273 -46% Wholesale 4,795 635 -₱2.7 B Financial Markets (4) 1 Others (694) 932 2.8 Total 5,265 2,841 In Php millions Q3-2022 Q
Slide 9: Balance Sheet and Key Financial Ratios
Balance Sheet and Key Financial Ratios Total Assets Loans & Investment Securities ₱842 Billion +20% 842 ₱692 Billion +24% 692 700 +₱142 B 558 +₱134 B 60% 64% 503 449 23% 16% 20% 18% 190 109 Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2021 Dec. 31, 2022 Total Liabilities CET 1 and Total CAR ROE and ROA ₱716
Slide 10: Quarterly Financial Highlights
Quarterly Financial Highlights Net Interest Income Net Interest Margin ₱7.2 Billion 3.92% 7.0 7.5 7.6 7.2 4.37% 4.33% 4.36% 4.20% 7.0 3.92% Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Total Revenues Low-Cost Deposits ₱10.2 Billion 9.9 10.2 10.2 ₱350 Billion +4% +0
Slide 11: Quarterly Financial Highlights
Quarterly Financial Highlights Total Loans* Total Deposits ₱503 Billion ₱606 Billion +4% +4% 583 QoQ 606 484 QoQ 503 +₱23 B +₱19 B 116 24% +5% 121 24% 339 58% +3% 350 58% +4% 381 368 76% 76% 244 42% +5% 256 42% Sep. 30, 2022 Dec. 31, 2022 Sep. 30, 2022 Dec. 31, 2022 *Loans (net of allowance); Wholes
Slide 12: Quarterly Financial Highlights
Quarterly Financial Highlights Non-Interest Income Service Charges, Fees & Commissions ₱3.0 Billion ₱1.4 Billion 3.0 2.5 2.6 2.4 2.3 1.3 1.3 1.3 1.3 1.4 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 12
Slide 13: Quarterly Financial Highlights
Quarterly Financial Highlights Operating Expenses Provisions ₱6.3 Billion 6.3 ₱1.2 Billion 5.5 5.5 5.8 5.3 1.2 1.2 1.2 0.3 0.1 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Pre-Provision Operating Profit Net Income ₱3.9 Billion 4.7 4.4 ₱2.0 Billion 3.8 3.8 3.9 3.5 2
Slide 14: Business Banking Segment
Business Banking Segment Target Market Operating Model Key Features Corporate Banking Commercial Banking • Sole Proprietors, Annual Sales Partnerships, Corps • PH-Registered Business Banking • Excl FIs, Gov’t Linked, Part of Corp Groups Data Driven Holistic Offering Multi Channel Self Employed Indiv
Slide 15: Summary
Summary A. Positives: 1. Loans & Investment in Corporate Bonds up +19% YoY. • Retail Loans up +16%; Wholesale Loans up +10% 2. Non-Interest Income: Driven by Forex Gains, Service Charges, Fees & Commissions, Recovery on Charged- off Assets, & Profits from Assets Sold. 3. Significant decrease in Cred
Slide 16: FY 2022 Results Highlights
FY 2022 Results Highlights By: Sanjiv Vohra, President & CEO March 2, 2023