Soneri Bank Limited · PSX:SNBL
Soneri Bank — Investor Presentation (November 2019)
22 slides from Soneri Bank's investor presentation, Nov 28, 2019
Slide 1: Soneri Bank Limited Corporate Briefing 2019
Soneri Bank Limited Corporate Briefing 2019 28 November 2019
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: Agenda
Agenda • Company Brief • Financial Performance Review • Takeaways and Aspirations • Question and Answers
Slide 4: Company Brief
Company Brief [one EE
Slide 5: About the Bank
About the Bank Commencement of Operations April 1992 Registered Office Lahore Major Sponsors Feerasta Family Credit Rating (Long Term / Short Term) AA- / A1+ Branches 296 (including 21 Islamic Branches) Footprint (Cities Covered) 132 cities in Pakistan Market Share* 1.88% of deposits / 2.48% of adva
Slide 6: 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 1.018 1.272 0.501 0.626 0.783 0.300 0.330 0.380 - 1992 -2006 2007 onwards • The growth in capital ha
Slide 7: Earnings, Payouts and Shareholding Pattern
Earnings, Payouts and Shareholding Pattern Presented below is the Bank’s Dividend payout, as compared to Pattern of Shareholding – September 2019 the earnings for the relevant year and the market price of the Bank’s share…. Particulars Shares (Millions) Percentage DIRECTORS, CEO & THEIR SPOUSES AND
Slide 8: Investors' Perspective
Investors’ Perspective SNBLs shares are listed on the PSX, having a market capitalization of ~ PKR 11 Bn (27 November 2019). Additionally, the Bank has had the following issues listed at the PSX: The Bank issued its first, rated, listed TFC, having an issue size of Rs. 1.2 Billion in the year 2005,
Slide 9: How we operate……
How we operate…… • Branch footprint of 272 branches (Out of • 3 dedicated Corporate Branches, 296 overall) serving vintage relationships • Deposit Book Size of Rs. 238 Bn (85% of • Lower Risk profile of Sizeable Asset total Bank Deposits) Portfolio (Net Loan Book Size – Rs. 136 Bn • Dedicated and pu
Slide 10: Some Key developments
Some Key developments Technology: • We intend to use our technological We successfully rolled out all of the Bank’s platform to facilitate cross functional branches onto Temenos (T24) Core Banking operational activities across the Bank System in April 2018, gearing up our through advanced data analy
Slide 11: Financial Performance Review
Financial Performance Review
Slide 12: Profit & Loss Snapshot – 9M2019
Profit & Loss Snapshot – 9M2019 Rs in Mln 9M2019 9M 2018 Variance YoY Mark-up / return / interest earned 26,986 15,114 11,872 79% • Net Mark up Income increased by Rs. 966 Mn or 19% Mark-up / return / interest expensed 21,018 10,113 10,905 108% YoY Net mark-up / interest income 5,967 5,001 966 19% •
Slide 13: Profit & Loss - 9M 2019 vs CPLY
Profit & Loss - 9M 2019 vs CPLY Fee Admin Provision NIM Commission Other NMI Capital losses Expenses reversals PBT 6.5 PKR Billions 0.7bn 1.0bn 12% 5.5 19% 4.5 3.5 Fee income showing modest growth 5.97 despite pressure on 6.12 trade volumes 5.48 -5% 2.5 5.00 Capital market losses 0.2bn booked 1.5 17
Slide 14: Balance Sheet Snapshot
Balance Sheet Snapshot 9M 2019 YE 2018 Variance vs YE 2018 Rs. In Million Amount % Assets Cash and balances 24,528 26,020 (1,492) -6% Balance with Other Banks 1,693 1,180 514 44% Lending to Financial Ins. 4,503 3,921 582 15% Investment - Net 210,957 146,646 64,312 44% Advances -Net 199,275 186,475 1
Slide 15: Advances & Investments
Advances & Investments Gross Advances & Yields 206,983 NPL`s & Coverage 208,092 194,831 76% 181,790 74% 72% 11.80% 70% 11.17% 8,124 8,356 ` 7,535 . 7.71% 7.16% 7,708 10,710 11,357 10,731 10,662 9M 2018 YE 2018 HY 2019 9M 2019 9M 2018 YE 2018 HY 2019 9M 2019 Gross Adv. Net Yields NPL Provision Prov C
Slide 16: Deposits
Deposits DR FTM CoD Vs. DR Trend 13.25% Gap DR 4.15% 8.50% Gap COD 3.26% 9.10% DR spreads have improved from 3.26% in Oct 18 to COD 4.15% in Sept 19, contributing to the increase in 5.24% NIM spreads. Oct-18 Nov-18 Dec- 18 Jan-19 Feb-19 Mar- 19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 EOP Balances
Slide 17: Key Ratios
Key Ratios Financial Ratios UoM 9M 2019 YE 2018 9M 2018 Yield - Earning Assets % 11.27% 7.33% 6.86% CoF % 8.17% 4.79% 4.45% Profit Ratios Spread % 3.10% 2.54% 2.41% COD % 7.79% 4.44% 4.04% NFI excl CG and Div / Total Revenue % 27.18% 26.84% 25.98% Cost to Income Ratio % 78.12% 72.26% 74.75% Expense
Slide 18: Key takeaways
Key takeaways [one EE
Slide 19: Key takeaways – September 2019
Key takeaways – 30 September 2019 Net Mark up Income reflects a Total Revenue up by Rs. 354.541 healthy increase of Rs. 966.272 Mn Mn or 4.83% YoY, despite negative or 19% YoY impact of capital market losses Core Fee and Commission Net Reversals up by Rs. 179.849 Income also increased by 17% YoY Mn
Slide 20: Aspirations
Aspirations We continue to serve our customers and stakeholders with pride, providing unmatched quality services… Going forward, With a target balance sheet footing of half a trillion, we shall be entering the mid-sized bank category by the year 2021; For us to outperform peers, catch up is requ
Slide 21: Questions and Answers
Questions and Answers [one EE
Slide 22: Registered Office
Registered Office: Rupali House 241-242, Upper Mall Scheme, Anand Road, Lahore – 54000, Pakistan Tel: (042) 35713101-04 Central Office: 10th Floor, PNSC Building, M.T. Khan Road, Karachi – 74000, Pakistan Tel: (021) 111-567-890