Malayan Banking Bhd. · MYX:MAYBANK
Malayan Banking Bhd — FY2024 Earnings Presentation
47 slides from Malayan Banking Bhd's earnings presentation, Feb 26, 2025
Slide 1: Investor Presentation: Financial Results FY2024
Disclaimer: The contents of this document/information remain the intellectual property of Maybank and no part of this is to be reproduced or transmitted in any form or by any means, including electronically, photocopying, recording or in any information storage and retrieval system without the permi
Slide 2: Table of Contents
Table of Contents Executive Summary 2-9 FY2024 Financial Performance 11-18 Appendix: 1. Group Performance 20-35 2. Business/Country Performance 37-45
Slide 3: FY2024: Record Net Profit of RM10.09 billion
FY2024: Record Net Profit of RM10.09 billion, up 7.9% YoY on Net Operating Income Growth of 8.1% to RM29.57 billion FY2024 vs FY2023 4Q FY2024 vs 4Q FY2023 FY2024 YoY Performance Highlights Net Operating Net Interest Net Operating Net Interest Income Income Margin Income Margin Net fund-based inco
Slide 4: Comfortable Provision Coverage with Improved GIL Ratio, Strong Liquidity & Capital
As at 31 Dec 2024: Comfortable Provision Coverage with Improved GIL Ratio, Supported by Strong Liquidity & Capital. TSR at 22.1% As at 31 Dec 2024 Performance Highlights Group CASA Loan Loss Coverage Group Total Asset Quality Ratio Ratio (LLC) Capital Ratio Healthy LLC ratio of 126.9%; GIL ratio i
Slide 5: On Track to Meet Most M25+ Financial and Non-Financial Targets
FY2025: On Track to Meet Most M25+ Financial and Non-Financial Targets Our Performance Against M25+ Targets On track Financials FY2022 (A) FY2023 (A) FY2024 (A) M25+ (T) Income growth (%) 8.5 3.3 8.1 2-3x FY2021-FY2025 CAGR Overseas income growth (%) 3.9 8.6 7.6 ~7 FY2022-FY2025 CAGR Fee to income r
Slide 6: Surpassed FY2025 Targets for Commitments 1 & 2
Surpassed FY2025 Targets for Commitments 1 & 2; Leading Regional Decarbonisation Efforts Driving Sustainable Financing and Social Initiatives Regionally Sustainable Finance Won five awards from Global Finance, including Best Bank for Sustainable Financing in Emerging FY2024 Achievement: RM46.69 bil
Slide 7: M25+ Innovating for Growth: Insurance and SME
M25+ Innovating for Growth: Delivering Personalisation and Scale in Insurance and SME Bancassurance & Motor Insurance CFS Non-retail – BB, RSME & SME+ *Before M25+ After M25+ Before M25+ After M25+ 4,355 5,006 5,723 84,675 94,542 102,685 698 788 880 4,695 5,241 5,748 Total M25+ Dec'22 Dec'23 Dec'24
Slide 8: Propelling Wealth Income with Regional and Segment-Driven Strategy
Propelling Wealth Income with a Dynamic Regional and Segment-Driven Strategy Wealth Management Before M25+ After M25+ 5,393 5,834 6,547 Dec'22 Dec'23 Dec'24 Income (RM'mil) SP13a Group Wealth Management^ SP7 Indonesia SP5 Islamic Supercharge wealth management via retail investment Drive fee income t
Slide 9: Driving Growth in Mid-Market and Consumer Segments
Driving Growth in Mid-Market and Consumer Segments, While Elevating Transaction Banking (TB) Proposition via Digital Enablement SP1 Supercharge Global Banking’s Mid-Market Cash Management SP3 Expand Consumer Ecosystem and Digital Enablement Set up focused team with credit, Before M25+ After M25+ New
Slide 10: 2025: Stable Economic and Loans Growth Expected Across Home Markets
2025: Stable Economic and Loans Growth Expected Across Home Markets Malaysia Singapore Indonesia 2024 2025 (f) YoY trend 2024 2025 (f) YoY trend 2024 2025 (f) YoY trend GDP 5.1% 4.9% GDP 4.4% 2.6% GDP 5.1% 5.2% System loan 5.5% 5.5% - System loan 2.3% 5.0% System loan 10.8% 9%-10% OPR 3.00
Slide 11: Table of Contents
Table of Contents Executive Summary 2-9 FY2024 Financial Performance 11-18 Appendix: 1. Group Performance 20-35 2. Business/Country Performance 37-45
Slide 12: Net Fund Based Income Grew to RM19.69 billion
Net Fund Based Income Grew to RM19.69 billion from RM19.30 billion; QoQ NIM Improved on CASA Growth & Loans with Better Yields Net Fund Based Income Net Interest Margin (NIM)* QoQ 3.0% 3.5% 2.0% YoY (Ann.) Trend 2.09% 4Q’24 vs 3Q’24 4Q’24 vs 4Q’23 2.03% 2.06% 2.03% 2.06% 4Q'23 1Q'24 2Q'24 3Q'2
Slide 13: Higher NOII of RM9.88 billion
Higher NOII of RM9.88 billion Driven by Improved Fees from Wealth and IB as well as Income from Global Markets and Insurance Non-Interest Income (NOII) FY2024 YoY Performance 13.1% 2.0% 22.6% YoY 4Q’24 vs 4Q’23 4Q’24 vs 3Q’24 Wealth fee rose 56.8% on higher 9.88 investment and banca income 8
Slide 14: Group Insurance & Takaful PBT Rose 54.7%
Group Insurance & Takaful Profit Before Tax (PBT) Rose 54.7% Group Insurance & Takaful Key Drivers PBT increase driven by: • Higher underwriting income mainly from improved gross written PBT (RM million) premiums across the Life/Family Takaful and General Insurance/Takaful businesses 54.7% • Highe
Slide 15: Cost Increase Slowed to 8.0% with Positive JAWs
Cost Increase Slowed to 8.0% in 2024 with Positive JAWs Achieved vs Elevated Increases of 11.8% in FY2023 and 11.2% in FY2022 CIR and Costs 51.9% 48.7% 49.7% 48.9% 48.9% M25+ related spend as at FY2024 4.7% 1.9% 8.0% YoY (RM million) 4Q’24 vs 3Q’24 4Q’24 vs 4Q’23 Total 525.3 13.39 14.46 2.85 O
Slide 16: CASA Improved 5.7% QoQ; Liquidity Indicators Healthy
CASA Improved 5.7% QoQ Led by Growth Across Home Markets; Liquidity Indicators Remained Healthy Deposits YoY Growth Liquidity Indicators Group Malaysia (MY) Singapore (SG) Indonesia (IDN) 6.5% 6.0% 18.7% 3.0% Others 741.9 138.8% 696.8 459.6 134.2% 134.0% Fixed 103.5 433.5 92.7 122.0% Deposit
Slide 17: Improving Group GIL Ratio; Management Overlay Maintained
Improving Group GIL Ratio; Management Overlay Maintained Loan ECL, NCC, and LLC Gross Impaired Loans (GIL) Group GIL Volume and Ratio Country GIL Volume and Ratio P&L ECL (RM billion) 3.88% 4.15% 3.79% 18.1% (4.2)% Group GIL ratio (8.5)% YoY 4Q’24 vs 3Q’24 4Q’24 vs 4Q’23 1.21% 1.34% 1.26% 1.23
Slide 18: Strong Capital Positions on Contained RWA Growth
Strong Capital Positions on Contained RWA Growth Capital Ratios Dec’24 Dec’24 vs vs Growth (%) Dec’23 Sep’24 Group Bank (YoY) (QoQ) 18.56% 18.04% 17.36% 16.79% Group Loans 5.3% 1.7% 16.00% 15.27% 14.93% 13.89% 15.34% 14.90% 14.21% 13.67% Dec 23 Dec 24 Dec 23 Dec 24 Total Group RWA 1.3% 1.3% Total Ca
Slide 19: FY2025 Guidance
FY2025 Guidance Loans Growth 5%-6% Cost to Income Ratio ≤49% Return on Equity ≥11.3% Net Credit Charge Off Rate ≤30 bps 18
Slide 20: Table of Contents
Table of Contents Executive Summary 2-9 FY2024 Financial Performance 11-18 Appendix: 1. Group Performance 20-35 2. Business/Country Performance 37-45
Slide 21: P&L Summary: FY2024
P&L Summary: FY2024 4Q 3Q 2Q 1Q 4Q RM million FY2024 FY2023 YoY QoQ YoY FY2024 FY2024 FY2024 FY2024 FY2023 Net fund based income * 19,692.6 19,301.9 2.0% 5,033.5 4,888.5 3.0% 4,930.9 4,839.8 4,865.4 3.5% Non-interest income * 9,879.9 8,059.3 22.6% 2,388.5 2,340.8 2.0% 2,413.0 2,737.5 2,111.6 13.1% N
Slide 22: International & Malaysia Portfolio Mix FY2024
International & Malaysia Portfolio Mix FY2024 Net Operating Income Profit Before Tax Group Loans* 2.8% 6.3% FY2024 6.3% 4.0% (Jan 24 – Dec 24) 8.7% 5.4% 21.9% Overseas: RM29.6 Overseas: RM13.7 Overseas: RM675.0 26.0% 35.6% 20.6% billion billion 37.7% billion 28.7% 64.4% 62.3% 71.3% Malaysia Singapor
Slide 23: Segmental Business Portfolio Mix FY2024
Segmental Business Portfolio Mix FY2024 Net Operating Income Profit Before Tax Group Loans* FY2024 6.1% 10.6% (Jan 24 – Dec 24) 33.0% RM29.6 RM13.7 43.8% 34.0% RM675.0 billion billion billion 59.9% 45.5% 67.0% Group Community Financial Services Group Global Banking Group Insurance & Takaful FY2023 4
Slide 24: Group Loans Growth: 31 December 2024
Group Loans Growth: 31 December 2024 % of 31 Dec 2024 30 Sep 2024 QoQ 30 Jun 2024 31 Mar 2024 31 Dec 2023 YoY Portfolio Group Loans 675.0 663.8 1.7% 668.8 657.8 640.8 5.3% Malaysia (RM billion) 62% 418.9 410.5 2.0% 401.9 393.6 387.2 8.2% Community Financial Services 78% 325.4 317.9 2.4% 31
Slide 25: Malaysia Loans Growth: 31 December 2024
Malaysia Loans Growth: 31 December 2024 RM billion % of Portfolio 31 Dec 2024 30 Sep 2024 QoQ 30 Jun 2024 31 Mar 2024 31 Dec 2023 YoY Community Financial Services (reported) 78% 325.4 317.9 2.4% 310.6 303.8 298.3 9.1% Community Financial Services (rebased)¹ 78% 325.4 317.9 2.4% 310.6 303.8 298
Slide 26: Singapore Loans Growth: 31 December 2024
Singapore Loans Growth: 31 December 2024 SGD billion % of Portfolio 31 Dec 2024 30 Sep 2024 QoQ 30 Jun 2024 31 Mar 2024 31 Dec 2023 YoY Community Financial Services 55% 28.3 28.2 0.4% 26.9 25.3 25.1 13.0% Consumer 39% 19.9 19.9 0.1% 18.9 17.4 17.3 15.3% Housing Loan 28% 14.3 14.3 (0.3)% 13
Slide 27: Indonesia Loans Growth: 31 December 2024
Indonesia Loans Growth: 31 December 2024 (Based on MBI’s reporting) IDR trillion % of Portfolio 31 Dec 2024 30 Sep 2024 QoQ 30 Jun 2024 31 Mar 2024 31 Dec 2023 YoY Community Financial Services 65% 82.9 79.8 3.9% 77.4 75.9 74.3 11.6% CFS Retail 36% 46.0 44.9 2.5% 43.9 44.0 43.5 5.8% Auto Loan
Slide 28: Group Deposits Growth: 31 December 2024
Group Deposits Growth: 31 December 2024 % of Portfolio 31 Dec 2024 30 Sep 2024 QoQ 30 Jun 2024 31 Mar 2024 31 Dec 2023 YoY Group Deposits 741.9 706.2 5.1% 706.5 709.0 696.8 6.5% Total CASA 270.6 256.0 5.7% 269.5 264.5 256.5 5.5% Total Fixed Deposits 367.8 344.8 6.7% 350.3 346.4 347.7 5.8
Slide 29: LDR and CASA Ratio
LDR and CASA Ratio Malaysia Group LDR CASA CASA (without IA) NSFR LCR* 138.8% 138.4% 136.7% 134.2% 134.0% 122.0% 118.4% 114.1% 114.1% 116.5% 91.1% 91.8% 90.0% 89.3% 91.1% 92.6% 94.5% 93.8% 90.7% 91.7% 38.1% 42.7% 43.5% 44.2% 42.2% 36.8% 37.3% 36.2% 36.5% 41.2% 33.6% 33.9% 34.7% 32.8% 33.1% Dec 2023
Slide 30: RWA Optimisation and Funding Management
RWA Optimisation and Funding Management Group Loans & Group RWA Funding Breakdown Operational RWA Market RWA Credit RWA Gross Loans Borrowings and Capital Instruments by Currency 663.8 675.0 FI Deposits, 5% 640.8 446.5* Equity, 10% USD, 31% 440.9* 440.6* 46.1 IDR, 5% 50.3 46.5 Repo, 3% EUR, 5% 20.4
Slide 31: Asset Quality
Asset Quality Allowances for losses on loans GIL Ratio Composition P&L ECL 4Q 1Q 2Q 3Q 4Q Dec Mar Jun Sep Dec FY2023 FY2024 (RM million) FY2023 FY2024 FY2024 FY2024 FY2024 2023 2024 2024 2024 2024 Stage 1, net 59 72 (9) (78) (247) (167) (262) Non Performing Loans 1.00% 1.07% 1.01% 0.99% 0.98% (NPL)
Slide 32: Asset Quality by Line of Business in Home Markets
Asset Quality by Line of Business in Home Markets Consumer GIL Ratios Mortgage Auto Finance Credit Cards 1.00% 5.05% 4.99% 0.92% 0.89% 4.84% 0.82% 0.85% 4.53% 4.10% 1.32% 1.34% 0.68% 0.70% 0.66% 1.09% 1.14% 1.19% 0.63% 0.59% 0.51% 1.20% 0.58% 0.57% 0.54% 1.10% 1.17% 0.52% 1.02% 1.01% 0.19% 0.18% 0.6
Slide 33: Specific Asset Exposures as at 31 December 2024
Specific Asset Exposures as at 31 December 2024 Oil & Gas Loan and Fixed Income Securities Exposures Real Estate Loan Exposure to Non-Retail Borrowers to Non-Retail Malaysian Borrowers Country Exposure Borrowers’ Status 19.2% High Rise Residential RM33.1 billion 14.8% Landed Residential Malaysia 1.7
Slide 34: Dividend: FY2024
Dividend: FY2024 Full cash second interim dividend of 32 sen per share, bringing total dividend to 61 sen per share for FY2024 Dividend Policy Min 40% 79.9% 78.5% 78.1% 78.5% 87.8% 91.2% 84.5% 87.5%^ 77.4% Dividend 76.5% 74.9% 74.7% 71.9% 76.3% 77.3% 73.0% Payout Ratio 100% 88% 100% 100% 67% 53% 63%
Slide 35: Income Statement for Insurance and Takaful Business
Income Statement for Insurance and Takaful Business RM million FY2024 FY2023 YoY 4Q FY2024 3Q FY2024 QoQ 2Q FY2024 1Q FY2024 4Q FY2023 YoY Net interest income 1,722.8 1,718.7 0.2% 426.7 432.1 (1.3)% 432.7 431.3 436.4 (2.2)% Insurance/takaful service result 883.9 318.2 >100% 204.5 164.3 24.5% 387.1 1
Slide 36: Key Operating Ratios
Key Operating Ratios % FY2024 FY2023 YoY 4Q FY2024 3Q FY2024 QoQ 2Q FY2024 1Q FY2024 4Q FY2023 YoY Return on Equity 3 11.1 10.8 0.3% 11.2 11.2 0.0% 11.1 10.8 11.0 0.2% Net Interest Margin 3, 4 (bps) 2.05 2.15 (10) bps 2.06 2.03 3 bps 2.06 2.03 2.09 (3) bps Fee to Income Ratio 33.4 29.5 3.9% 32.2 32.
Slide 37: Table of Contents
Table of Contents Executive Summary 2-9 FY2024 Financial Performance 11-18 Appendix: 1. Group Performance 20-35 2. Business/Country Performance 37-45
Slide 38: Market Share Overview for Community Financial Services Malaysia
Market Share Overview for Community Financial Services Malaysia Market share Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Loans Total consumer 18.9% 19.0% 19.1% 19.2% 19.3% Auto (Retail Hire Purchase) 30.1% 29.8% 29.7% 29.6% 29.6% Total mortgage * 15.3% 15.5% 15.7% 15.9% 16.1% Credit cards ** 22.0% 21.8% 22.0
Slide 39: Sustained Leadership in Digital Banking with Strong Growth in Digital Payments
Sustained Leadership in Digital Banking with Strong Growth in Digital Payments Data as at Dec 2024 From Malaysia’s digital transaction volume Group (i.e.: MY, SG, ID, PH, KH) In Malaysia: SME Digital Financing approved loans since Mobile & Internet Mobile Internet RM4.30 bil its launch in Sep’20 Ban
Slide 40: Overview: Group Wealth Management & Group Securities Portfolios
Overview: Group Wealth Management & Group Securities Portfolios Group Wealth Management Group Securities Portfolio Total Financial Assets grew 14.3% YoY to RM536.2 billion on investments and Group Securities Portfolio¹ declined 4.6% YoY loans growth +14.3% YoY 271.6 270.8 265.9 +7.7% QoQ 253.8 9
Slide 41: Overview of Group Investment Banking Portfolio
Overview of Group Investment Banking1 Portfolio FY2024 Total Income Breakdown by Country FY2024 Non-Interest Income for Malaysia Arranger and Hong Kong Vietnam upfront fees 2% 8% 14% Others Indonesia Malaysia 14% 6% 44% Thailand 14% RM1,562.9 mil Placement and RM330.0 mil related fees 6% Brokerage C
Slide 42: Islamic Banking: Performance Overview
Islamic Banking: Performance Overview Group Islamic Banking Financial Performance1 Maybank Islamic: Total Financing2 grew 10.5% YoY to RM294.5 billion +18.1% Dec-24 Dec-23 RM million FY2024 FY2023 YoY +4.6% +6.7% Total Income 101.7 8,486.7 7,510.7 13.0% 86.1 +14.0% Profit Before Tax and Zakat 4,
Slide 43: Islamic Banking: Market Share
Islamic Banking: Market Share Maybank Islamic Market Share1 Market Share by Key Products (Malaysia)1 30.8% 30.7% 30.0% 30.1% 30.3% 45.1% 27.9% 27.5% Automobile Home Term Financing Financing Financing 27.9% 27.7% 27.0% Dec-24 Dec-24 Dec-24 26.7% 26.6% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23: 47.2%
Slide 44: Insurance and Takaful: Performance Overview
Insurance and Takaful: Performance Overview Life & Family (New Business) Market Share (Malaysia) Net Adjusted Premium/Contribution Single Premium 61.2% 19.7% 18.7% 19.4% 19.4% Regular Premium 17.4% Credit Premium 7.8% 15.5% 12.0% 17.6% 18.1% 15.7% No. 3 12.2% 11.9% 14.0% in Life/Family Group Pr
Slide 45: Maybank Singapore: P&L Summary
Maybank Singapore: P&L Summary SGD million FY2024 FY2023 YoY 4Q FY2024 3Q FY2024 QoQ Net fund based income 692.36 753.59 (8.1)% 199.70 168.59 18.5% Non-interest income 598.62 379.12 57.9% 140.51 164.26 (14.5)% Net income 1,290.98 1,132.71 14.0% 340.22 332.85 2.2% Overhead expenses (624.35) (549.95)
Slide 46: Maybank Indonesia: P&L Summary and Financial Ratios
Maybank Indonesia: P&L Summary and Financial Ratios 4Q 3Q IDR billion FY2024 FY2023 YoY QoQ Key Operating Ratios Dec 24 Sep 24 Dec 23 YoY FY2024 FY2024 Net Fund Based income 7,105 7,234 (1.8)% 1,776 1,815 (2.1)% Profitability & Efficiency Non-Interest income 2,152 2,035 5.8% 725 607 19.5% ROA 0.85%
Slide 47: Malayan Banking Berhad contact details
MALAYAN BANKING BERHAD 14th Floor, Menara Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur, Malaysia Tel : (6)03-2070 8833 www.maybank.com Disclaimer. This presentation has been prepared by Malayan Banking Berhad (the “Company”) for information purposes only and does not purport to contain all the in
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