Soneri Bank Limited · PSX:SNBL
Soneri Bank — Investor Presentation (December 2021)
18 slides from Soneri Bank's investor presentation, December 2021
Slide 1: Soneri Bank Limited Corporate Briefing Session 2021
Soneri Bank Limited Corporate Briefing Session 2021
Slide 2: Note about forward-looking statements
Note about forward-looking statements This document contains or incorporates by reference “forward-looking statements” regarding the belief or current expectations of Soneri Bank Limited (the “Bank”), the Board of Directors, and members of senior management about the strategy, businesses and perform
Slide 3: Company Brief
Company Brief
Slide 4: The Bank – At A glance
The Bank – At A glance Commencement of Operations April 1992 Registered Office Lahore Major Sponsors Feerasta Family Credit Rating (Long Term / Short Term) AA- / A1+ Branches* 346 (including 30 Islamic Branches) Market Share* 1.82% of deposits Assets* PKR 510bn Deposits* PKR 360bn Net Advances* PKR
Slide 5: Equity Progression
Equity Progression Current Market Our share capital over the years…… Capitalization – PKR 11 Bn Rs in Bns 12.000 11.025 10.023 10.000 9.021 8.028 8.000 6.023 6.000 5.019 4.114 4.000 3.117 1.653 2.000 0.783 1.018 1.272 0.300 0.330 0.380 0.501 0.626 - 1992 -2006 2007 onwards • Over the period, cash di
Slide 6: Earnings, Payouts and Shareholding Pattern
Earnings, Payouts and Shareholding Pattern Presented below is the Bank’s Dividend payout, as compared to the earnings for the relevant year and the market price of the Bank’s share. Pattern of Shareholding – September 2021 Particulars Shares (Millions) Percentage 74% Rupees DIRECTORS, CEO & THEIR SP
Slide 7: How we operate
How we operate •3 dedicated Corporate Branches, serving • Branch footprint of 313 branches (Out of 346 vintage relationships overall) • Lower Risk profile of Sizeable Asset Portfolio • Deposit Book Size of Rs.307 Bn (85% of total Bank (Net Loan Book Size – Rs. 113 Bn or 63% of Bank Deposits) level p
Slide 8: Financial Performance Review – 9M2021
Financial Performance Review – 9M2021
Slide 9: Profit & Loss Snapshot – 9M2021
Profit & Loss Snapshot – 9M2021 Rs'mn 9M 2021 9M 2020 Growth vs CPLY NIM increased by 4% over CPLY to 8.4bn. Impact of NIM compression of 36bps Markup Income 28,201 33,455 (5,254) -16% is more than offset by 64bn volumetric increase in average PIBs coupled with Markup Expense (19,764) (25,314) 5,550
Slide 10: Balance Sheet Snapshot – With Average Volumes
Balance Sheet Snapshot – With Average Volumes Growth Growth Deposits EOP higher by 14.4bn (4%) vs Dec’20 with AVG Rs in Millions 9M 2021 YE 2020 9M 2020 vs 2020 vs CPLY growth of 24.2bn (8%) AVG DR 7.00% 9.13% -2.13% 9.85% -2.85% Deposits - EOP 359,925 345,499 14,426 4% 330,650 29,275 9% • CASA grow
Slide 11: Deposits
Deposits FTM CoD Vs. DR Trend 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% DR spreads increased from 1.79% in Dec’20 to 2.24% in Sept 21, mainly due to improvement in CA average volumes, Gap Gap 1.79% 2.24% coupled with reduction in TD averages. 5.21% 4.79% 4.70% 4.61% 4.68% 4.63% 4.5
Slide 12: Advances and Investments
Advances and Investments Rupees in 000s YOY- Gross Advances & Yields NPL`s & Coverage 250,000 13.00% 25,000 90% 11.98% Yields Coverage 11.16% 8.66% 75% 75% 75% 200,000 20,000 75% 10.00% Provision 150,000 15,000 8,071 8,106 7,769 60% 100,000 195,355 172,693 Gross ADV 10,000 187,027 7.00% NPL 45% 50,0
Slide 13: Key Ratios – Recent Trends
Key Ratios – Recent Trends Financial Ratios 9M 2021 YE 2020 9M 2020 Policy rate remained flat at 7 Yield - Earning Assets 7.87% 10.05% 10.69% % for the entire 9 months in 2021 – affecting profitability CoF 5.25% 7.14% 7.71% ratios as compared to the Profitability Ratios Spread 2.62% 2.91% 2.98% prio
Slide 14: Takeaways, Challenges and Aspirations
Takeaways, Challenges and Aspirations
Slide 15: Takeaways and Challenges
Takeaways and Challenges 9M PBT of Rs. 4.2 Bn in 2021 crossing Challenges : FY PBT of 2020 • Inflation continues to remain the primary concern. With the rise in commodity and imported product prices, CAD is expected to fall out of the PBT Growth of Rs. 1.105 Bn or 36% acceptable range of 2-3% of GDP
Slide 16: Aspirations and Key Priorities going forward
Aspirations and Key Priorities going forward • Total assets >0.85 trillion over the next five years. • Continue to target Loan book growth and improvement in ADR ⁃ Maintaining CAR buffer while scaling up the Business. Key Priorities ⁃ Target increase in Consumer book. ⁃ Aspire to achieve 85% NPL Cov
Slide 17: Questions and Answers
Questions and Answers | 5 [EEE
Slide 18: Registered Office and Central Office
Registered Office: 2nd Floor, 307 Upper Mall Scheme, Anand Road, Lahore – 54000, Pakistan Central Office: 10th Floor, PNSC Building, M.T. Khan Road, Karachi – 74000, Pakistan Tel: (021) 111-567-890