Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — FY2010 Earnings Presentation
67 slides from Cimb Group Holdings Bhd's earnings presentation, Feb 25, 2011
Slide 1: CIMB Group Holdings Berhad Full Year 2010 Results
CIMB GROUP HOLDINGS BERHAD FULL YEAR 2010 RESULTS Analyst Presentation 25 February 2011
Slide 2: Key Highlights
Key Highlights Achieved all primary targets and most secondary targets FY10 PAT of RM3.52 bil, up 25.4% Y-o-Y New dividend policy applied retrospectively. Year-end dividend of 8.00 per share for 55% pay- out ratio for 2010 2010 priorities addressed and asset quality improvements strengthen f
Slide 3: CEO's Review: Key Achievements
CIMB GROUP CEO’S REVIEW KEY ACHIEVEMENTS
Slide 4: Achievements vs Targets for 2010
Achievements vs Targets for 2010 FY10 2010 Target ROE 16.3% (16.5%^) 16.0% (16.5%^) 9 TSR +13.3% above KLCI > KLCI 9 FY10 2010 9 Target Dividend 26.08 sen 9.25 sen Group loans growth 12% 12% 9 Mortgage 21% 20% 9 CIMB Malaysia + Singapore 10% 10% 9 Credit card 41% 10% 9 CIMB Niaga 18% 18% 9 HP 11% 10
Slide 5: Key 2010 Priorities Round-Up
Key 2010 Priorities Round-Up Priorities Updates Regional branding enhancement Advance regional value proposition Proliferate regional products and services Regional Organisation Structure Increasing ex-Malaysia market shares Advance regional investment banking positioning Groundbreaking cr
Slide 6: Solid 5 Years of Earnings
Solid 5 Years of Earnings Average ROE from 2006 – 2010 14.6% 16.3% 15.4% 15.0% 13.9% 11.8 12.3% 10.7 8.3 7.7 6.4 4.6 3.8 3.5 3.0 2.8 2.7 2.0 2.1 2.0 1.5 # 2006 2007 2008 2009 2010 Operating income* PBT* Net profit* ROE Notes: Amounts denoted in RM ‘bil 6 # Based on core figures
Slide 7: V10: Broad Objectives and Targets
Driven by V10 2010 : Broad Objectives and Targets 1 Leading Banking Group 2 Strong foothold and in SEA by asset size presence in 4 core markets and over ⅓ non-Malaysian assets and revenues 3 Sustainable ROE of 18%-20% 4 An Integrated SEA Bank OPTIMISATION INNOVATION At the end of 2010, CIMB Group wi
Slide 8: 2010: V10 Is Achieved
2010: V10 Is Achieved V10 Broad Objectives and 2007 FY2010 Status Targets 9 Leading Banking Group in SEA by 59.2 (5th) 88.0 (5th) asset size (USD ‘bil) Strong universal banking foothold • Malaysia • Malaysia and presence in at least 4 core markets • Indonesia • Indonesia • Singapore 9 • Thailand Ove
Slide 9: 2011 ROE Target Reconciled
2011 ROE Target Reconciled FY11 Budget ROE 17.0% Number of shares issued pursuant to Niaga acquisition and warrants conversion 369 mil ROE excluding Niaga acquisition and warrants conversion 18.0% 9
Slide 10: CIMB Group FY10 Financials
CIMB GROUP: FY10 RESULTS CIMB GROUP FY10 FINANCIALS
Slide 11: Earnings Summary
Earnings Summary 4Q10 3Q10 FY10 FY09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest income 1,937 1,947 (0.5%) 7,647 6,739 13.5% Non interest income 1,232 929 32.6% 4,164 3,744 11.2% Operating income 3,169 2,876 10.2% 11,811 10,483 12.7% Loan impairment (168) (167) 0.6% (607)
Slide 12: Quarterly Earnings Trend
Quarterly Earnings Trend Series break due to adoption of FRS 139 3,169 2,979 2,787 2,788 2,876 2,780 2,514 2,589 17.2% 17.0% 15.4% 16.2% 16.5% 15.1% 14.9% 14.4% 1,882 1,094 1,129 1,185 1,185 1,148 7.7% 1,001 839 879 803 838 889 916 878 727 614 663 448 319 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10
Slide 13: Contribution by Entity
Contribution by Entity 4Q10 3Q10 FY10 FY09 Legal Entity RM ’mil % of PBT RM ’mil % of PBT RM ’mil % of PBT RM ’mil % of PBT CIMB Bank 424 37% 621 52% 2,287 49% 2,079 55% CIMB Niaga 394 34% 350 30% 1,572 34% 787 21% CIMB Thai (14) (1%) 35 3% 47 1% 47 1% CIMB Cambodia (2) (0%) - - (2) (0%) - - CIMB La
Slide 14: Contribution by Geography
Contribution by Geography 4Q10 3Q10 Thailand Thailand Others Others -1% 3% 13% 15% Singapore Singapore 6% 2% Indonesia Indonesia 35% 33% Malaysia 47% Malaysia 47% Cambodia 0% FY10 FY09 Others Thailand 1% Thailand Others Singapore 1% 2% 9% 1% Singapore 3% Indonesia Indonesia 20% 35% Malaysia Malaysia
Slide 15: Estimated PBT By Segment
Estimated PBT By Segment 4Q10 3Q10 FY10 FY09 Q-o-Q Y-o-Y PBT (FRS 139) (FRS 139) (FRS 139) (GP3) (after HOCA) RM ’mil RM ’mil % RM ’mil RM ’mil % Consumer Banking - Good Bank 58 127 (54.3%) 465 612 (24.0%) - Bad Bank (including 29 40 (27.5%) 110 80 37.5% SEASAM) 87 167 (47.9%) 575 692 (16.9%) Corpor
Slide 16: Estimated PBT By Segment
Estimated PBT By Segment 4Q10 3Q10 Consumer CIMB Thai Consumer CIMB Thai Banking Banking -1% 3% 8% 14% CIMB Niaga CIMB Niaga 34% 30% Corporate & Corporate & Inv Banking Inv Banking 35% 21% GAM & GAM & Insurance Insurance 2% 2% Treasury & Treasury & Investments Investments 22% 30% FY10 FY09 CIMB Thai
Slide 17: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes (RM ‘mil) 31 Dec 10 30 Sep 10 Q-o-Q 31 Dec 09 Y-o-Y Cash & short term funds 27,185 23,155 17% 28,275 (4%) Securities purchased under resale agreements 3,805 2,390 59% 4,545 (16%) Deposits & placements with financial institutions 11,746 10,726 10% 2,383 393% Financi
Slide 18: AFS MTM Position
AFS MTM Position (RM ’mil) 783.6 624.0 545.1 542.9 522.2 474.7 Dec 09 1st Jan 10 Mar 10 June 10 Sept 10 Dec 10 Note: * Opening balances adjusted for FRS 139 18
Slide 19: Key Ratios
Key Ratios (%) 4Q10 3Q10 Q-o-Q FY10 FY09 Y-o-Y ROE * 14.9 17.0 (12.7%) 16.3 15.0 8.6% NIM * 3.22 3.35 (3.9%) 3.32 3.28 1.2% Non-interest income / total income 38.9 32.3 20.4% 35.3 35.7 (1.1%) Cost / income 59.3 54.3 9.2% 55.3 52.8 4.7% Allowance coverage / Loan loss coverage 81.1 79.3 2.3% 81.1 90.8
Slide 20: Gross Loans Growth
Gross Loans Growth 31 Dec 10 30 Sep 10 31 Dec 09 Divisions / Products Q-o-Q Y-o-Y (RM ’bil) (RM ’bil) (RM ’bil)* Consumer Banking (47.8%) 80.1 77.0 3.9% 69.5 15.3% Mortgages 35.4 33.8 4.9% 29.4 20.7% HP 10.6 10.4 # 1.4% 9.6 # 10.6% OD and TL 15.7 15.2 3.7% 13.4 17.8% Credit cards 4.3 3.9 9.3% 3.0 40
Slide 21: Deposits Growth
Deposits Growth 31 Dec 10 30 Sep 10 31 Dec 09 Divisions / Products Q-o-Q Y-o-Y (RM ’bil) (RM ’bil) (RM ’bil) Retail (28.3%) ^ 56.5 52.7 7.2% 48.3 17.0%* - Current 15.2 13.4 13.4% 11.3 34.5% - Savings 11.5 10.9 5.5% 10.3 11.7% - Fixed & structured deposits 29.8 28.4 4.9% 26.7 11.6% Commercial (8.8%)
Slide 22: CASA Growth
CASA Growth 31 Dec 10 30 Sep 10 31 Dec 09 Divisions / Products Q-o-Q Y-o-Y (RM ’bil) (RM ’bil) (RM ’bil) Current Deposits (66.5%) 44.0 40.5 8.6% 36.9 19.2% - Malaysia & Singapore 34.5 31.6 9.2% 29.5 16.9% - Thailand 0.2 0.1 100.0% 0.2 0% - Indonesia 9.3 8.8 5.7% 7.2 29.2% Savings Deposits (33.5%) 22
Slide 23: Loan Assets by Geography
Loan Assets by Geography Dec 2010 Dec 2009 Singapore Singapore Others Others RM7.3 bil RM2.0bil RM3.6 bil RM2.1 bil 4% 1% Thailand 2% Thailand 2% RM10.9 bil ^ RM9.3 bil 7% 6% Indonesia Indonesia RM32.2 bil RM37.5 bil Malaysia Malaysia 21% 22% RM109.8 bil RM103.6 bil 66% 69% Note: Others include over
Slide 24: Asset Quality Ratios – CIMBG
Asset Quality Ratios – CIMBG Series break due 90.8% to adoption of 88.1% 85.6% 86.8% 86.7% FRS 139 82.9% 82.3% 82.0% 79.1% 80.0% 78.5% 75.8% 80.6% 80.5% 81.1% 73.2% 79.3% 70.4% 78.4% 7.6% 7.5% 7.2% 7.1% 7.2% 6.6% 6.5% 6.1% 6.1% 5.6% 5.6% 5.5% 5.7% 5.7% 5.5% 4.9% 5.0% 4.7% 5.0% 3.8% 3.6% 3.2% 3.0% 2.
Slide 25: Capital Management – CIMB Bank
Capital Management – CIMB Bank RWCR Core Capital Ratio RWA (RM’mil) 107,141 100,436 102,544 107,739 101,905 106,377 Series Series break break due to due to FRS 139 Basel 2 adoption adoption Operational Risk Large Exposure Risk Market Risk Credit Risk Note: * RWCR and Core Capital Ratios are calculat
Slide 26: Capital Management
Capital Management CIMB Group Dec-10 Sep-10 Gearing ratio 17.8% 21.8% Double leverage ratio 113.8% 116.7% Dec-10+ Sep-10* Jun-10* Core Capital Ratio (B2) (B2) (B1) CIMB Bank 14.5% 14.0% 14.2% CIMB Investment Bank 18.3% 16.4% 18.8% CIMB Islamic 13.2% 11.3% 10.0% CIMB Niaga # 9.5% 10.0% 10.5% CIMB Tha
Slide 27: CIMBG: Operating Expenses
CIMBG : Operating Expenses (RM ’mil) 4Q10 3Q10 Q-o-Q FY10 FY09 Y-o-Y Personnel 918 784 17.1% 3,269 2,873 13.8% Establishment 393 353 11.3% 1,480 1,275 16.1% Marketing 99 109 (9.2%) 372 260 43.1% Admin & General 468 315 48.6% 1,405 1,123 25.1% Total 1,878 1,561 20.3% 6,526 5,531 18.0% 27
Slide 28: Consumer Bank
CIMB GROUP: FY10 RESULTS CONSUMER BANK
Slide 29: Malaysian Consumer Bank Financials
Malaysian Consumer Bank Financials 4Q10 3Q10 FY10 FY09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest / financing income 769 772 (0.4%) 2,941 2,803 4.9% Non interest income 190 162 17.3% 685 652 5.1% Total income 959 934 2.7% 3,626 3,455 4.9% Overheads (direct + head (812) (6
Slide 30: Malaysian Consumer Good Bank Financials
Malaysian Consumer Good Bank Financials 4Q10 3Q10 FY10 FY09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest / financing income 758 751 0.9% 2,886 2,719 6.1% Non interest income 190 162 17.3% 685 645 6.2% Total income 948 913 3.8% 3,571 3,364 6.2% Overheads (direct + head (760)
Slide 31: Malaysian Consumer Banking Indicators
Malaysian Consumer Banking Indicators Malaysia 9M09 9M10 Credit Cards Market Market Rank Rank 1,142 3,222 Share Share 2,971 Deposits 8.9% 3 9.5% 3 2,916 2,881 986 2,613 Mortgages 13.9% 2 13.9% 2 927 886 Credit Cards * 11.2% 3 12.7% 3 833 HP 9.5% 4 9.4% 4 4Q09 1Q10 2Q10 3Q10 4Q10 SME Loans 10.3% 3 8.
Slide 32: Malaysian Consumer Banking Indicators
Malaysian Consumer Banking Indicators Retail Banking Deposits Retail Banking AUM (RM ’mil) 0.4 301,987 295,424 0.4 3.1 0.4 285,627 0.4 0.4 3.3 1.4 3.3 273,810 2.9 2.8 1.6 2.0 41,476 1.9 257,844 2.0 41.5 38,671 38.7 36,788 36.8 37.3 35,616 35.6 37,320 4Q09 1Q10 2Q10 3Q10 4Q10 Dec-09 Mar-10 Jun-10 Sep
Slide 33: Singapore Consumer Banking Indicators
Singapore Consumer Banking Indicators Retail Deposits (SGD ’mil) Home Loan Outstanding (SGD ’mil) 2,021 771 1,714 309 1,280 68 Dec-09 Jun 10 Dec 10 Dec-09 Jun 10 Dec 10 Retail Customer Base* Credit Cards 22,764 76,251 124 43,115 15,620 69 12,264 10,631 20 Dec-09 Jun 10 Dec 10 Dec-09 Jun 10 Dec 10 Lo
Slide 34: Treasury & Investment Banking
CIMB GROUP: FY10 RESULTS TREASURY & INVESTMENT BANKING
Slide 35: Treasury and Investment Financials
Treasury and Investment Financials 4Q10 3Q10 FY10 FY09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest / financing income 200 225 (11.1%) 866 759 14.1% Fee income 2 11 (81.8%) 20 32 (37.5%) Net trading income 41 92 (55.4%) 391 520 (24.8%) Total income 243 328 (25.9%) 1,277 1,3
Slide 36: Corporate & Investment Banking Financials
Corporate & Investment Banking Financials 4Q10 3Q10 FY10 FY09 (RM ’mil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net interest / financing income 195 176 10.8% 781 774 0.9% Fee & commission income 368 99 271.7% 680 537 26.6% Net trading income 56 31 80.6% 132 93 41.9% Brokerage income 98 75 30
Slide 37: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) Malaysia FY09 FY10 Indonesia FY09 FY10 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Stock Broking 9.9% 1 9.8% 1 Stock Broking 4.2% 4 6.0% 2 IPO 17.7% 1 30.1% 1 IPO 30.1% 2 8.6% 4 ECM 20.5% 1 28.4% 1 ECM 5.6% 7 5.2% 8 M&A 10.9% 5 43.3% 1 M&A
Slide 38: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) FY09 FY10 SE Asia Market Share Rank Market Share Rank IPO 17.7% 1 14.7% 1 ECM 9.6% 3 10.9% 1 M&A 2.1% 20 15.1% 2 Syndication - - 4.2% 4 Bonds - Domestic Currency 14.7% 1 12.2% 1 - USD 6.8% 7 2.9% 10 Sources: Dealogic, Bloomberg, Thomson Reuters, Local Stock Exchanges
Slide 39: Notable Deals (1)
Notable Deals (1) ECM IPO AIA Group Employees Provident Fund USD20.5 bil RM746 mil placement of RHB Capital Shares Largest ever IPO in Hong Kong. CIMB is the only SEA IB among 11 joint bookrunners Telekom Malaysia PT Borneo Lumbung Energi & Metal Tbk RM414 mil placement of Axiata Group shares IDR5.7
Slide 40: Notable Deals (2)
Notable Deals (2) DCM DCM Trans Thai Malaysia (Thailand) Ltd. (via Cagamas TTM Sukuk Berhad) RM900.0 mil Islamic Medium Term Notes RM600.0 mil Sukuk First Sukuk issuance by a Thai entity out of Pembinaan BLT Sdn Bhd Malaysia’s Islamic capital markets RM10.0 bil Islamic Medium Term Notes Programme Pr
Slide 41: Asset Management & Insurance
CIMB GROUP: FY10 RESULTS ASSET MANAGEMENT & INSURANCE
Slide 42: Group Asset Management & Insurance
Group Asset Management & Insurance PBT (after HOCA) 4Q10 3Q10 FY10 FY09 Q-o-Q Y-o-Y (RM ’mil) (FRS 139) (FRS 139) (FRS 139) (GP3) CIMB-P Group 14 15 (6.7%) 54 37 45.9% Wholesale (1) 3 n.a. 7 17 (58.8%) Insurance 7 (1) n.a. 3 66 (95.5%) Securities Services 5 9 (44.4%) 23 21 9.5% Total 25 26 (3.8%) 87
Slide 43: CIMB Niaga
CIMB GROUP: FY10 RESULTS CIMB NIAGA
Slide 44: CIMB Niaga: Earnings Summary
CIMB Niaga: Earnings Summary 4Q10 3Q10 FY10 FY09 (IDR ’bil) Q-o-Q Y-o-Y (FRS 139) (FRS 139) (FRS 139) (GP3) Net Interest Income 1,942 1,854 4.7% 7,326 6,337 15.6% Non Interest Income 448 435 2.9% 1,566 1,476 6.1% Operating Income 2,390 2,289 4.4% 8,892 7,813 13.8% Overhead Expenses (1,107) (1,174) (
Slide 45: CIMB Niaga: Balance Sheet Changes
CIMB Niaga : Balance Sheet Changes (IDR ’bil) 31 Dec 10 30 Sep 10 Q-o-Q 31 Dec 09 Y-o-Y Placements & Other MS 26,422 20,220 30.7% 11,028 139.6% Government Bonds 6,640 6,969 (4.7%) 6,613 0.4% Loans 101,610 92,831 9.5% 80,666 26.0% Other Assets 8,981 9,122 (1.6%) 8,797 2.1% Total Assets 143,653 129,14
Slide 46: Gross Loans Growth by Segment
Gross Loans Growth by Segment 31 Dec 10 30 Sep 10 31 Dec 09 Products / Divisions Q-o-Q Y-o-Y (IDR ’bil) (IDR ’bil) (IDR ’bil)* Retail Banking (31.3%) 32,790 30,716 6.8% 24,555 33.5% Credit Cards 2,059 1,783 15.5% 1,433 43.6% Auto Loans 13,869 12,984 6.8% 8,927 55.4% Mortgage 15,465 14,487 6.8% 12,73
Slide 47: Deposits Growth
Deposits Growth 31 Dec 10 30 Sep 10 31 Dec 09 Divisions / Products Q-o-Q Y-o-Y (IDR ’bil) (IDR ’bil) (IDR ’bil) Retail Banking (46.1%) 54,288 50,559 7.4% 42,181 28.7% - Current 3,668 3,727 (1.6%) 2,892 26.8% - Savings 23,315 22,289 4.6% 19,084 22.2% - Fixed & structured deposits 27,305 24,543 11.3%
Slide 48: CIMB Niaga: Key Ratios
CIMB Niaga : Key Ratios (Consolidated, %) 4Q10 3Q10 Q-o-Q FY10 FY09 Y-o-Y ROE 22.4 21.0 7.0% 20.4 15.3 33.4% NIM 6.2 6.5 (4.6%) 6.5 6.7 (4.0%) Cost to Income 46.3 50.3 (7.9%) 48.3 49.8 (3.0%) Loan Loss Coverage*# 125.6 136.4 (8.0%) 125.6 108.6 15.6% Allowance Coverage* 82.5 75.8 8.9% 82.5 n.a. n.a.
Slide 49: Corporate Updates
Corporate Updates Consumer Market Share Corporate Updates Indonesia FY09 FY10 Market Market IDR Completed the issuance of Rp1.6 tril Rank Rank Subdebt with price at 10.85% p.a on Dec 2010 Share Share Deposits 4.4% 5 5.0% 5 Mortgages 10.8% 2 11.0% 3 Completed the issuance of Rp1.5 tril – SME Loans 1.
Slide 50: CIMB Thai
CIMB GROUP: FY10 RESULTS CIMB Thai
Slide 51: CIMB Thai: Earnings Summary
CIMB Thai : Earnings Summary (Baht ’mil) 4Q10 3Q10 Q-o-Q FY10 FY09 Y-o-Y (Before GAAP Adjustments) Net Interest Income 1,187 1,247 (4.8%) 4,879 4,756 2.6% Non Interest Income 463 484 (4.3%) 2,256 2,131 5.9% Operating Income 1,650 1,731 (4.7%) 7,135 6,887 3.6% Overhead Expenses (1,408) (1,382) 1.9% (
Slide 52: CIMB Thai: Balance Sheet Changes
CIMB Thai : Balance Sheet Changes (Baht ’mil) (Before GAAP 31 Dec 10 30 Sep 10 Q-o-Q 31 Dec 09 Y-o-Y Adjustments) Placements & Other MS 22,073 18,301 20.6% 24,555 (10.1%) Government Bonds (Net) 14,801 14,451 2.4% 11,529 28.4% Loans (Net) 91,387 87,017 5.0% 78,299 16.7% Other Assets 12,216 12,879 (5.
Slide 53: Loans Growth by Segment
Loans Growth by Segment 31 Dec 10 30 Sep 10 31 Dec 09 Products / Divisions Q-o-Q Y-o-Y (THB ’bil) (THB ’bil) (THB ’bil) Retail Banking (34.9%) 32.7 30.6 6.9% 25.9 26.3% Auto Loans 5.8 5.3 10.2% 3.9 50.7% Mortgage 20.9 19.4 7.7% 15.0 40.0% Personal / Others 6.0 5.9 1.3% 7.0 (14.6%) Corporate & Invest
Slide 54: CIMB Thai: Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) 4Q10 3Q10 Q-o-Q FY10 FY09 Y-o-Y ROE (2.3) 8.1 (128.4%) 9.0 - >1000% NIM 3.7 4.1 (9.8%) 4.1 3.3 22.6% Cost to Income 85.5 80.8 5.8% 77.7 83.3 (6.7%) Loan Loss Coverage*** 91.3 71.9 27.0% 91.3 62.2 46.8% Allowance Coverage*** 86.6 72.7 19.1% 86.6 62.3 38.9% Loa
Slide 55: Corporate Updates
Corporate Updates Consumer Market Share Corporate Updates Thailand FY09 FY10 Market Market Completed the 2-for 9 rights issue in Right Issue Rank Rank October 2010. Raised THB3.0bil Share Share Deposits 1.3% 11 1.4% 11 Mortgages 0.7% 11 1.1% 11 HP 0.3% 17 0.4% 17 SME Loans 0.8% 8 1.1% 7 New innovati
Slide 56: Other Highlights
CIMB GROUP : FY10 RESULTS OTHER HIGHLIGHTS
Slide 57: CIMB Islamic
CIMB Islamic Ranking of Total Islamic Assets as at 30 Sep 2010 FY09 FY10 Market share Market and ranking Market Market Total Assets Rank Rank Share Share Share Rank Company RM ’mil % Sukuk 1 MIBB 45,082 18.5 - Malaysia 39.2% 1 29.0% 2 2 CIMB Islamic 34,829 13.8 - Global 20.9% 1 21.8% 1 3 Bank Islam
Slide 58: Bank of Yingkou
Bank of Yingkou 4Q10 3Q10 Q-o-Q FY10 FY09 Y-o-Y Operating income (RMB mil) 393 298 31.9% 1,187 806 47.3% Net profit (RMB ‘mil) 113 138 (18.1%) 472 350 34.9% PAT to CIMB Group (RM ‘mil) 10.5 13.0 (19.2%) 44.9 23.6 90.3% ROE (%) 18.2 23.6 (22.9%) 20.5 23.0 (10.9%) NIM (%) 4.3 3.9 10.3% 4.0 3.9 2.6% Al
Slide 59: Touch 'n Go – Earnings Summary
Touch ‘n Go – Earnings Summary (RM ’mil) 4Q10 3Q10 Q-o-Q FY10 FY09 Y-o-Y Revenue 31 28 10.7% 105 85 23.5% Cost 24 21 14.3% 78 63 23.8% PBT 7 7 0% 27 22 22.7% PAT 5 5 0% 20 16 25.0% PAT to CIMB Group 3 3 0% 10 n.a. n.a. Transaction Value and Cardbase (RM’mil) 7.7 7.3 7.0 6.7 6.4 566.4 552.7 538.0 527
Slide 60: Notable Awards 2010
Notable Awards 2010 1 1 1 Best Bank Deal of the Year - AIA IPO Best Investment Bank Best Malaysia Deal - Pet Chem IPO Best Domestic IB and Equity House (Msia) Best TopIslamic AsianBank in AsiaBank Investment (2 consecutive Award Best Private Equity Deal - Khazanah- Best Deal Malaysia - GoM USD Sukuk
Slide 61: Closing Remarks
CIMB GROUP: 4Q10 RESULTS CLOSING REMARKS
Slide 62: Our V15
Our V15 “The Leading ASEAN Franchise” At the end of 2015, CIMB Group will be recognised as THE leading ASEAN franchise, distinctive in its culture, processes and people. In its business of universal banking it will be strong across the region and well-connected in key markets beyond. We will operate
Slide 63: 2011: CEO's Focus Areas
2011: CEO’s Focus Areas 1 Regional CASA Drive 2 Business Intelligence 3 International Network 4 Cost Management 5 No. 1 ASEAN investment bank 6 Commercial Banking across the region 7 Leveraging Technology 8 Making new KPIs work 9 Institutionalising the firm 10 The customer view 11 ASEAN Agenda 63
Slide 64: 2011: Refresh
2011: “REFRESH” 1. Brand colour harmonisation 2. Malaysia Consumer Bank Migration of enterprise banking to retail banking Mono-line commercial banking Enhance centralised marketing function Auto Finance will widen its coverage beyond HP Integrate branch and alternate channels 3. Regional I
Slide 65: New Targets for 2011
New Targets for 2011 2011 (External) ROE 17% TSR > FBM KLCI Dividend 40% - 60% Group loans growth 18% Group deposit growth 20% Loan loss charge 0.4% Tier 1 (at CIMB Bank) (Basel II) >10% RWCR (at CIMB Bank) (Basel II) >12% 65
Slide 66: Final Remarks
Final Remarks Overall 2010 was an excellent year Operating environment for 2011 will be more challenging with spectre of intense competition, rising interest rates and volatile markets Nevertheless, ASEAN’s economic fundamentals remain robust. We expect the ETP to derive opportunities in Malay
Slide 67: Thank You
THANK YOU 67
CIMB Group Holdings Berhad — FY2010 Earnings Presentation on 6ix