Malayan Banking Bhd. · MYX:MAYBANK
Malayan Banking Bhd — Maybank — ASEAN Investment Conference 2025
36 slides from Malayan Banking Bhd's conference presentation, Apr 9, 2025
Slide 1: Investor Presentation - ASEAN Investment Conference 2025
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Slide 2: Table of Contents
Table of Contents Maybank’s ASEAN Proposition & M25+ Strategy 2 – 13 Appendix: 5-year Financial Performance 15 – 16 FY2024 Financial Performance Updates 17 - 34
Slide 3: We Are a Purpose-Driven Regional Bank
We Are a Purpose-Driven Regional Bank… Our Purpose: “We are a values-driven platform, powered by a bionic workforce that Humanises Financial Services” 1.8% 2.4% 1.4% 4.0% Malaysia Supporting the 2.8% 6.3% 3.7% ASEAN Economic 5.4% 6.8% Indonesia Community with 21.9% PBT Singap ore Loans an ASEAN- RM1
Slide 4: …That Aspires To Be The Preferred ASEAN Financial Partner
…That Aspires To Be The Preferred ASEAN Financial Partner …via our extensive Connecting our large regional footprint and …leveraging key growth ASEAN customer base… end-to-end capabilities… opportunities across ASEAN 4th Largest ASEAN Bank* 15.3 5th Largest Global Islamic Bank* Driving Regional Conn
Slide 5: Connecting Customers Through Seamless Regional Propositions
Connecting Customers Through Seamless Regional Propositions Leveraging our strong regional presence for growth and improved connectivity to meet the increasing demand for seamless and secure financial services Enabling seamless connectivity Empowering businesses to grow at ease by leveraging strateg
Slide 6: Offering Innovative & Ecosystem Solutions As Part of Our Global Islamic Banking Leadership Proposition
Offering Innovative & Ecosystem Solutions As Part of Our Global Islamic Banking Leadership Proposition Islamic Wealth Management Halal Economy Innovative & Ecosystem Solutions ASEAN+ focus One-stop hub for Halal Solutions Connecting Islamic Finance with Serving onshore (Malaysia, Singapore and acros
Slide 7: Driving Sustainability Leadership, Especially in Decarbonisation Journey, Across ASEAN
Driving Sustainability Leadership, Especially in Decarbonisation Journey, Across ASEAN Sustainable Finance Country RM bil’ (%) Sole Sustainability Structuring & Principal Adviser for world’s first First-of-its-kind Malaysia 33.16 (71%) Sustainability-linked Sukuk in plantation sector: RM1.3 billion
Slide 8: Driving Social Impact for Our Customers & Communities in ASEAN
Driving Social Impact for Our Customers & Communities in ASEAN Uplifted 1.28 million lives across ASEAN through social financing and social empowerment investments, totaling RM12.36 billion in 2024. Positively impacted 4.23 million lives, with a total investment of RM46.73 billion over the past deca
Slide 9: M25+: Propelling Us From Good to Great
M25+: Propelling Us From Good to Great M25+ COMMITTED INVESTMENTS To Support Implementation of Strategic Programmes Group Strategic Thrusts Since late FY2022 to FY2024 ST1 Intensify Customer-centricity (Opex and Capex) ST2 Accelerate Digitalisation and Technology Modernisation Others, Tech-for- 9.3%
Slide 10: M25+: Good Traction Recorded Across Super Growth Areas
M25+: Good Traction Recorded Across Super Growth Areas FY2024 Progress SP5 Supercharge overall wealth management via retail investment tools, go-to market Total Islamic outreach and digital platforms (i.e. Goal-based Investment (GBI)) Wealth Fees Wealth Fees 1 Wealth management SP7 Build a market-le
Slide 11: On Track to Meet Most M25+ Financial and Non-Financial Targets
On Track to Meet Most M25+ Financial and Non-Financial Targets On track Our Performance Against M25+ Targets Financials FY2022 (A) FY2023 (A) FY2024 (A) M25+ (T) 2-3x Income growth (%) 8.5 3.3 8.1 FY2021-FY2025 CAGR ~7 Overseas income growth (%) 3.9 8.6 7.6 FY2022-FY2025 CAGR Fee to income ratio (%)
Slide 12: FY2024: Record Net Profit of RM10.09 billion
FY2024: Record Net Profit of RM10.09 billion; Strong Liquidity, Capital & Shareholder Returns; Stable Asset Quality Trends Data as at FY2024 vs FY2023 Data as at 31 Dec 2024 Data as at 31 Dec 2024 Profitability Liquidity Shareholder Returns Net Operating Net Interest Group CASA Liquidity Coverage To
Slide 13: 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 12
Slide 14: Potential Risks from US Trade and Tariff Developments
Potential Risks from US Trade and Tariff Developments Slower ASEAN-6 Economic Growth Expectations Across Home Markets Malaysia • ASEAN-6 real GDP growth 2025 Forecast (f) Previous (f) Current (f) forecasts 4.2% in 2025 (from 4.7%) GDP 4.9% 4.3% System loan 5.5% 4.7% • Bigger downgrades for SG, MY an
Slide 15: Table of Contents
Table of Contents Maybank’s ASEAN Proposition & M25+ Strategy 2 – 13 Appendix: 5-year Financial Performance 15 – 16 FY2024 Financial Performance Updates 17 - 34
Slide 16: Five-Year Financial Performance Trends (1/2)
Five-Year Financial Performance Trends (1/2) Profitability Indicators Liquidity Indicators 2025 Guidance Return 9.8% 9.6% 10.8% 11.1% 8.1% ≥11.3% Liquidity 144.6% 139.5% 140.3% 138.8% 134.0% on Coverage Equity Ratio1 Fee to Net Stable 107.9% 118.1% 122.0% 116.4% 32.8% 29.5% 33.4% Income 25.0% 22.0%
Slide 17: Five-Year Financial Performance Trends (2/2)
Five-Year Financial Performance Trends (2/2) Asset Quality Indicators Capital Ratios & Dividend Payout Post Dividend (Group level) 106.3% 111.9% 131.2% 124.9% 126.9% Loan Loss CET 1 14.73% 15.40% 14.78% 15.34% 14.90% Coverage Capital Ratio Loan Loss Coverage 146.9% 147.4% Tier 1 15.44% 16.12% 15.49%
Slide 18: Net Fund Based Income Grew to RM19.69 billion
FY2024: Net Fund Based Income Grew to RM19.69 billion; QoQ NIM Improved on CASA Growth & Loans with Better Yields Net Fund Based Income Net Interest Margin (NIM)* QoQ p 3.0% p 3.5% p 2.0% YoY (Ann.) Trend 2.09% 2.03% 2.06% 2.03% 2.06% 4Q’24 vs 3Q’24 4Q’24 vs 4Q’23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 19.30
Slide 19: Higher NOII of RM9.88 billion Driven by Improved Fees
FY2024: Higher NOII of RM9.88 billion Driven by Improved Fees from Wealth and IB & Income from Global Markets and Insurance Non-Interest Income (NOII) FY2024 YoY Performance p 13.1% p 2.0% p 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 20: Group Insurance & Takaful PBT Rose 54.7%
FY2024: Group Insurance & Takaful PBT Rose 54.7% Group Insurance & Takaful Key Drivers Profit Before Tax (PBT) increase driven by: • Higher underwriting income mainly from improved gross PBT written premiums across the Life/Family Takaful and General (RM million) Insurance/Takaful businesses p 54.7%
Slide 21: Cost Increase Slowed to 8.0% with Positive JAWs Achieved
FY2024: Cost Increase Slowed to 8.0% with Positive JAWs Achieved vs Elevated Increases of 11.8% in FY2023 and 11.2% in FY2022 CIR and Costs 48.9% 48.9% 51.9% 48.7% 49.7% M25+ related spend as at FY2024 p 4.7% p 1.9% p 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 22: CASA Improved 5.7% QoQ; Liquidity Indicators Remained Healthy
FY2024: 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) p 6.5% p 6.0% p 18.7% p 3.0% Others 741.9 138.8% 696.8 459.6 134.2% 134.0% Fixed 433.5 103.5 122.0% Depo
Slide 23: Improving Group GIL Ratio; MOA Maintained
FY2024: Improving Group GIL Ratio; MOA Maintained Loan ECL, NCC, and LLC Gross Impaired Loans (GIL) Group GIL Volume and Ratio Country GIL Volume and Ratio P&L ECL (RM p 18.1% q (4.2)% 3.88% 4.15% q (8.5)% YoY 3.79% billion) 4Q’24 vs 3Q’24 4Q’24 vs 4Q’23 1.34% 1.26% 1.23% 1.21% 1.26% 1.11% 0.81% 0.4
Slide 24: Strong Capital Positions on Contained RWA Growth
FY2024: 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% Group Loans 5.3% 1.7% 16.79% 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%
Slide 25: P&L Summary
FY2024: P&L Summary 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 26: International & Malaysia Portfolio Mix
FY2024: International & Malaysia Portfolio Mix 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 20.6% billion billion 26.0% 35.6% 28.7% 37.7% billion 64.4% 62.3% 71.3% Malaysia Singapo
Slide 27: Segmental Business Portfolio Mix
FY2024: Segmental Business Portfolio Mix 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% RM675.0 34.0% billion billion billion 59.9% 45.5% 67.0% Group Community Financial Services Group Global Banking Group Insurance & Takaful FY2023
Slide 28: Group Loans Growth
FY2024: Group Loans Growth % 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 p 1.7% 668.8 657.8 640.8 p 5.3% Malaysia (RM billion) 62% 418.9 410.5 p 2.0% 401.9 393.6 387.2 p 8.2% Community Financial Services 78% 325.4 317.9 p 2.4% 310.6 303.8
Slide 29: Malaysia Loans Growth
FY2024: Malaysia Loans Growth 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 p 2.4% 310.6 303.8 298.3 p 9.1% Community Financial Services (rebased)¹ 78% 325.4 317.9 p 2.4% 310.6 303.8 298.2 p 9.1%
Slide 30: Singapore Loans Growth
FY2024: Singapore Loans Growth 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 p 0.4% 26.9 25.3 25.1 p 13.0% Consumer 39% 19.9 19.9 p 0.1% 18.9 17.4 17.3 p 15.3% Housing Loan 28% 14.3 14.3 q (0.3)% 13.5 12.2 12
Slide 31: Indonesia Loans Growth
FY2024: Indonesia Loans Growth 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 p 3.9% 77.4 75.9 74.3 p 11.6% CFS Retail 36% 46.0 44.9 p 2.5% 43.9 44.0 43.5 p 5.8% Auto Loan 19% 24.5 23.7 p 3.3% 23.2 23.5 23.1
Slide 32: Group Deposits Growth
FY2024: Group Deposits Growth % 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 p 5.1% 706.5 709.0 696.8 p 6.5% Total CASA 270.6 256.0 p 5.7% 269.5 264.5 256.5 p 5.5% Total Fixed Deposits 367.8 344.8 p 6.7% 350.3 346.4 347.7 p 5.8% Malaysia
Slide 33: LDR and CASA Ratio
FY2024: 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% 91.7% 92.6% 94.5% 93.8% 90.7% 42.7% 43.5% 44.2% 37.3% 38.1% 36.5% 41.2% 42.2% 36.8% 36.2% 33.6% 33.9% 34.7% 32.8% 33.1% D
Slide 34: Asset Quality by Line of Business in Home Markets
FY2024: Asset Quality by Line of Business in Home Markets Consumer GIL Ratios Mortgage Auto Finance Credit Cards 1.00% 5.05% 0.92% 4.99% 0.89% 0.85% 4.84% 4.53% 0.82% 1.34% 4.10% 1.32% 1.19% 0.63% 0.68% 0.70% 0.66% 1.09% 1.14% 0.51% 0.58% 0.57% 0.59% 0.54% 1.20% 1.10% 1.17% 0.52% 1.02% 1.01% 0.19% 0
Slide 35: Full cash second interim dividend of 32 sen per share, total 61 sen
FY2024: Full cash second interim dividend of 32 sen per share, bringing total dividend to 61 sen per share Dividend Policy Min 40% ^ Dividend 76.5% 74.9% 79.9% 74.7% 71.9% 78.5% 76.3% 78.1% 78.5% 77.3% 87.8% 91.2% 84.5% 87.5% 77.4% 73.0% Payout Ratio 100% 88% 100% 100% 53% 63% 27% 27% 67% 34% Cash C
Slide 36: Thank You
Thank You (tunarising Financial Services Maybank @Mymaybank £) @Maybank (x) @Mymaybank ® @Maybank