Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — 9M13 Earnings Presentation
74 slides from Cimb Group Holdings Bhd's earnings presentation, Nov 18, 2013
Slide 1: Analysts Presentation 9M13 Results
Analysts Presentation 9M13 Results 18 November 2013
Slide 2: Agenda
Agenda 1. Key Highlights 2. CIMB Group 9M13 Financials 3. Malaysia & Singapore Consumer Banking 4. CIMB Niaga 5. CIMB Thai 6. Wholesale Banking 7. Investments 8. Other Highlights 9. 2013 Priorities & Other Highlights 10. Final Remarks 2
Slide 3: Key Highlights
CIMB Group : 9M13 Results Key Highlights
Slide 4: 9M13 Highlights
9M13 Highlights Net profit up 7.3% Y-o-Y and 0.8% Q-o-Q Indonesia’s PBT contribution declined by 2.6% Y-o-Y, with 12.1% decline in Rupiah Good traction continues in MS Consumer and Regional Corporate Banking (excluding Indonesia) Treasury & Markets picked up in 3Q13 but still down Y-o-Y IB had a wea
Slide 5: Key Financial Highlights (1)
Key Financial Highlights (1) Operating Income Net Profit ROE Cost to Income RM’ mil RM’ mil % % +7.4% +7.3% -30bps +230bps 10,875 58.1 10,126 55.8 3,502 16.3 3,263 16.0 9M12 9M13 9M12 9M13 9M12 9M13 9M12 9M13 +1.2% Q-o-Q +0.8% Q-o-Q +10bps Q-o-Q -20bps Q-o-Q 5
Slide 6: Key Financial Highlights (2)
Key Financial Highlights (2) Total Credit* Deposits++ NIM Gross Impaired Loans RM’ bil RM’ bil % Ratio % +14.3% +11.3% -21bps -80bps 264.4 262.1 4.2 3.08 231.3 2.87 3.4 235.5 Sep -12 Sep -13 Sep -12 Sep -13 9M12 9M13 Sep -12 Sep -13 +2.8% Q-o-Q +1.4% Q-o-Q -7bps Q-o-Q -20bps Q-o-Q Notes: * Credit in
Slide 7: PBT By Division
PBT By Division 9M13* 9M12 RM ‘mil Investment RM ‘mil Investment Banking Banking Investments 4% Investments 4% Consumer 9% 10% Banking Consumer 34% Banking Corporate Corporate 41% Banking Banking 27% 25% Treasury & Treasury & Markets Markets 19% 27% 9M13 PBT Y-o-Y Growth by Key Divisions Consumer In
Slide 8: PBT By Country
PBT By Country 9M13* 9M12 Others Others Singapore -1% Thailand Singapore 3% Thailand 4% 4% 3% 5% Indonesia Indonesia 31% 31% Malaysia Malaysia 58% 62% 9M13 PBT Y-o-Y Growth by Key Countries +4.2%* -2.6%^ -16.4%** +28.2% * Excluding Aviva gains, amortisation of intangible assets and organisational re
Slide 9: CIMB Group 9M13 Financials
CIMB Group : 9M13 Results CIMB Group 9M13 Financials
Slide 10: Quarterly Earnings Trend
Quarterly Earnings Trend 19.0% 17.8% 16.8% 16.8% 16.3% 15.6% 15.5% 14.0% 14.1% 3,945 3,544 3,445 3,485 3,381 3,326 3,369 3,256 3,032 1,718 1,405 1,470 1,496 1,371 1,387 1,386 1,287 1,341 1,386 1,133 1,109 1,143 1,082 1,062 1,012 1,011 1,054 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 Operating inco
Slide 11: Earnings Summary
Earnings Summary (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Net interest income 6,989 6,513 7.3% 2,383 2,345 1.6% Non interest income 3,886 3,613 7.6% 1,102 1,100 0.2% Operating income 10,875 10,126 7.4% 3,485 3,445 1.2% Overhead expenses (6,321) (5,646) 12.0% (2,059) (2,043) 0.8% PPOP 4,554 4,480 1.
Slide 12: PBT by Segment (Estimated)
PBT by Segment (Estimated) PBT (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Consumer Banking (38.1%) 1,713 1,465 16.9% 591 637 (7.2%) Malaysia (29.4%) 1,322 1,156 14.4% 443 489 (9.4%) Indonesia (8.4%) 377 320 17.8% 146 144 1.4% Singapore (0.4%) 16 5 220.0% 3 10 (70.0%) Thailand (-0.1%) (3) (13) 76.9% (
Slide 13: Key Ratios
Key Ratios (%) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q ROE * 16.0 16.3 14.1 14.0 NIM ** 2.87 3.08 2.82 2.89 Non-interest income / total income 35.7 35.7 31.6 31.9 Cost to income 58.1 55.8 59.1 59.3 Allowance coverage 82.2 84.0 82.2 82.1 Allowance coverage after regulatory reserve # 103.4 93.6 103.4 100.6 Lo
Slide 14: Operating Expenses
Operating Expenses (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Personnel 3,645 3,136 16.2% 1,234 1,183 4.3% Establishment 1,233 1,151 7.1% 392 418 (6.2%) Marketing 293 288 1.7% 100 106 (5.7%) Admin & General 1,150 1,071 7.4% 333 336 (0.9%) Total 6,321 5,646 12.0% 2,059 2,043 0.8% Total excluding One-o
Slide 15: Gross Loans and Credit Growth
Gross Loans and Credit Growth Loans by Country as at 30 Sep 13 # Divisions / Products (RM ‘bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Retail Financial Services (50.2%) 112.8 100.0 12.8% 110.5 2.1% Others Singapore 2% 9% Mortgages 54.3 49.8 9.0% 53.5 1.5% Thailand 8% Term Loans 23.9 18.4 29.9% 22
Slide 16: Deposits Growth
Deposits Growth 30 Sep 13 Divisions / Products (RM ‘bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Others Retail Financial Services (39.6%) 103.7 96.1 7.9% 102.9 0.8% Thailand 4% 6% Current 17.9 14.9 20.1% 17.0 5.3% Indonesia 18% Savings 29.2 27.0 8.1% 28.9 1.0% Fixed & Structured Deposits 56.6 54.2
Slide 17: CASA Growth
CASA Growth 30 Sep 13 Country 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q CIMB Thai Others Malaysia & Singapore (RM ’bil) * 65.9 55.6 18.5% 62.0 6.3% 5% 1% CIMB Niaga Indonesia (IDR ’bil) ** 71,769 62,497 14.8% 67,387 6.5% 22% Thailand (THB ’bil) 45.2 38.8 16.3% 39.2 15.1% Others (RM ’bil) 0.8 0.6 33.
Slide 18: AFS (MTM) Position
AFS (MTM) Position 801.0 690.3 692.1 291.3 -15.6 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 18
Slide 19: Capital Management – CIMB Group
Capital Management – CIMB Group Minimum Regulatory Requirements * # 14.1% 14.1% 14.0% Total Capital 8.0% * # 10.1% 10.3% 10.0% Tier 1 4.5% * # 8.2% 8.4% 8.2% Core Equity Tier 1 3.5% Mar-13 Jun-13 Sep-13 Leverage Ratio Gearing Ratio Double Leverage Ratio 18.1% ^ 116.5% ^ 5.5% 5.4% 16.1% 114.3% 114.0%
Slide 20: Malaysia & Singapore Consumer Banking
CIMB Group : 9M13 Results Malaysia & Singapore Consumer Banking
Slide 21: Consumer Banking – MY and SG
Consumer Banking – MY and SG (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Net interest income 2,635 2,443 7.9% 877 902 (2.8%) Non interest income 822 765 7.5% 310 265 17.0% Operating income 3,457 3,208 7.8% 1,187 1,167 1.7% Overhead expenses (2,153) (2,167) (0.6%) (688) (717) (4.0%) PPOP 1,304 1,041 25
Slide 22: Malaysian Consumer Gross Loans Growth
Malaysian Consumer Gross Loans Growth Divisions / Products (RM ‘bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Retail Financial Services (89.0%) 86.2 75.5 14.2% 83.4 3.4% Mortgages 41.1 37.6 9.3% 40.1 2.5% Term loans 21.1 16.7 26.3% 20.1 5.0% Auto 12.4 11.2 10.7% 12.1 2.5% Credit cards 4.0 3.8 5.3%
Slide 23: Malaysian Consumer Deposits Growth
Malaysian Consumer Deposits Growth Divisions / Products (RM ‘bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Retail Financial Services (69.3%) 62.4 59.7 4.5% 63.3 (1.4%) Current 10.1 8.6 17.4% 9.8 3.1% Savings 14.8 13.8 7.2% 14.8 - Fixed & structured deposits 37.5 37.3 0.5% 38.7 (3.1%) Commercial Ban
Slide 24: Malaysian Consumer Banking Indicators (1)
Malaysian Consumer Banking Indicators (1) Sep-13 Sep-12 Mortgages – Loan Base Mkt Mkt RM ‘bil Rank* Rank +9.3% Y-o-Y Share Share +2.5% Q-o-Q ASB Financing 23.9% 3 18.5% 3 41.1 Retail CASA 12.4% 3 11.8% 3 40.1 Auto 7.7% 5 7.4% 5 37.6 Residential 13.7% 2 14.0% 2 Mortgages Non-Residential 11.9% 3 11.8%
Slide 25: Malaysian Consumer Banking Indicators (2)
Malaysian Consumer Banking Indicators (2) Credit Cards Debit Cards 1,865 2,089 3.4 3.5 3.2 1,055 5.3% Y-o-Y +172.0% Y-o-Y +2.6% Q-o-Q +23.5% Q-o-Q 328.7 3.8 3.9 4.0 266.2 120.9 Sep-12 Jun-13 Sep-13 Sep-12 Jun-13 Sep-13 Credit Cards Loan Base (RM 'bil) Total Spending (RM 'bil) Total Spending (RM 'mil
Slide 26: New Initiatives / Campaigns
New Initiatives / Campaigns New Breakthroughs Plug n Pay CIMB Kwik Account Malaysia's first-ever chip-based mobile POS solution that Malaysia’s first & only account that can be opened online allows an affordable yet secure way to manage e- (without walking into a branch) payments via smartphones
Slide 27: Singapore Consumer Banking Indicators
Singapore Consumer Banking Indicators Consumer PBT Consumer Deposits RM ‘mil RM ‘mil +61.4% Y-o-Y +220.0% Y-o-Y +12.4% Q-o-Q 14,593 12,977 16 -70.0% Q-o-Q 3,804 9,040 3,459 10 1,486 5 10,789 3 9,518 7,554 9M12 9M13 2Q13 3Q13 Sep-12 Jun-13 Sep-13 Retail deposits Commercial deposits Retail Loan Base C
Slide 28: CIMB Niaga
CIMB Group : 9M13 Results CIMB Niaga
Slide 29: CIMB Niaga: Challenging Environment
CIMB Niaga : Challenging Environment PBT Asset Quality IDR ‘bil +2.4% Y-o-Y 4,255 4,359 98.3% 94.5% 91.0% -0.5% Q-o-Q 1,467 1,459 2.8% 2.5% 2.8% 2.4% 2.3% 2.3% 9M12 9M13 2Q13 3Q13 3Q12 2Q13 3Q13 Allowance Coverage Ratio Gross Impaired Loans Ratio Gross NPL Ratio Total Deposits Gross Loans IDR ‘tril
Slide 30: CIMB Niaga: Earnings Summary
CIMB Niaga : Earnings Summary (IDR ’bil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Net interest income 7,511 7,168 4.8% 2,596 2,485 4.5% Non interest income 2,548 2,425 5.1% 943 768 22.9% Operating income 10,059 9,593 4.9% 3,539 3,253 8.8% Overhead expenses (4,855) (4,508) 7.7% (1,705) (1,602) 6.4% PPOP 5,204
Slide 31: CIMB Niaga: Gross Loans Growth
CIMB Niaga : Gross Loans Growth Divisions / Products (IDR ’bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Retail Financial Services (30.8%) 47,971 42,697 12.4% 46,624 2.9% Mortgage 22,536 20,032 12.5% 21,780 3.5% Auto 18,695 17,070 9.5% 18,555 0.8% Credit Cards 3,792 3,401 11.5% 3,582 5.9% Others 2,
Slide 32: CIMB Niaga: Deposits Growth
CIMB Niaga : Deposits Growth Divisions / Products (IDR ’bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Retail Financial Services (45.7%) 74,471 66,578 11.9% 70,251 6.0% Current 1,890 1,414 33.7% 1,823 3.7% Savings 34,895 31,512 10.7% 33,343 4.7% Fixed & structured deposits 37,686 33,652 12.0% 35,085
Slide 33: CIMB Niaga: Key Ratios
CIMB Niaga : Key Ratios (Consolidated, %) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q ROE 18.1 21.0 17.7 18.1 NIM 5.31 5.90 5.47 5.31 Cost to Income 48.3 47.0 48.2 49.3 Loan Loss Coverage # 111.1 113.1 111.1 112.9 Allowance Coverage 91.0 94.5 91.0 98.3 Loan Loss Charge 0.7 0.8 0.9 0.5 Gross Impaired Loans Ratio
Slide 34: CIMB Niaga: Corporate Updates
CIMB Niaga : Corporate Updates Consumer Market Share IB Market Share Sep-13# Sep-12 9M13 9M12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Deposits 4.7% 5 4.9% 5 Stock Broking 6.5% 2 4.8% 6 Mortgages 8.4% 5 9.3% 5 IPO - - - - Credit Cards* 10.8% 4 9.2% 4 ECM 12.5% 3 - - M&
Slide 35: CIMB Niaga: Momentum in Digital Banking
CIMB Niaga : Momentum in Digital Banking CIMB Clicks Rekening Ponsel (Advanced Mobile Banking) 731 174 684 141 609 81 +20.0% Y-o-Y +97.0% Q-o-Q +8.7% Q-o-Q +22.2% M-o-M 9.1 132 8.4 108 7.6 67 3Q12 2Q13 3Q13 Jun-13 Aug-13 Sep-13 No. of Transactions ('mil) No. of Users ('000) No. of Transactions ("000
Slide 36: CIMB Thai
CIMB Group : 9M13 Results CIMB Thai
Slide 37: CIMB Thai: Improving
CIMB Thai : Improving PBT PBT to CIMB Group After GAAP THB ‘mil RM ’mil -25.7% Y-o-Y -36.3% Y-o-Y 1,462 +92.7% Y-o-Y 1,086 194 +55.8% Q-o-Q 124 124 431 64 276 9M12 9M13 2Q13 3Q13 9M12 9M13 PBT PBT Excluding TAMC Total Customer Deposits Total Loans THB ‘bil THB ‘bil +28.7% Y-o-Y +23.4% Y-o-Y +7.7% Q-
Slide 38: CIMB Thai: Earnings Summary
CIMB Thai : Earnings Summary Before GAAP Adjustments 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q (THB ’mil) Net interest income 4,718 3,769 25.2% 1,687 1,571 7.3% Non interest income 1,665 2,671 (37.7%) 655 497 31.7% Operating income 6,383 6,440 (0.9%) 2,341 2,069 13.2% Overhead expenses (4,456) (3,970) 12.2% (
Slide 39: CIMB Thai: Gross Loans Growth
CIMB Thai : Gross Loans Growth Divisions / Products (THB ‘bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Retail Financial Services (39.3%) 63.9 44.7 43.0% 57.6 10.9% Mortgage 39.9 28.0 42.5% 36.0 11.0% Auto Loans 15.3 10.9 40.2% 14.0 9.3% Personal / Others 8.7 5.7 50.9% 7.7 13.4% Commercial Banking
Slide 40: CIMB Thai: Deposits Growth
CIMB Thai : Deposits Growth Divisions / Products (THB ‘bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Retail Financial Services (63.5%) 97.5 74.9 30.2% 82.3 18.4% Current 0.8 0.8 3.4% 0.8 (1.2%) Savings 29.4 24.0 22.6% 22.4 31.6% Fixed & structured deposits 67.2 50.1 34.2% 59.1 13.7% Commercial Bank
Slide 41: CIMB Thai: Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q ROE 6.1 10.1 7.7 4.4 NIM 3.20 3.21 3.16 3.27 Cost to Income 69.8 61.7 66.5 73.3 Loan Loss Coverage** 83.2 88.7 83.2 83.1 Loan Loss Charge 0.7 1.1 0.9 0.7 Gross NPL ratio** 2.5 3.5 2.5 2.8 Net NPL ratio** 1.7 2.1 1.7 1.9 Loan to
Slide 42: CIMB Thai: Corporate Updates
CIMB Thai : Corporate Updates Consumer Market Share IB Market Share Sep-13 Sep-12 9M13 9M12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Deposits* 1.5% 11 1.4% 11 Stock Broking 4.3% 9 2.8% 16 Mortgages** 1.8% 9 1.5% 9 IPO - - 20.4% 1 Auto~ 0.7% 9 0.8% 8 ECM - - 10.7% 3 SME
Slide 43: Wholesale Banking
CIMB Group : 9M13 Results Wholesale Banking
Slide 44: Wholesale Banking
Wholesale Banking (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Net interest income 2,221 2,179 1.9% 754 746 1.1% Non interest income 1,546 1,962 (21.2%) 491 482 1.9% Operating income 3,767 4,141 (9.0%) 1,245 1,228 1.4% Overhead expenses (1,680) (1,640) 2.4% (572) (555) 3.1% PPOP 2,087 2,501 (16.6%) 673
Slide 45: Wholesale Banking – Investment Banking
Wholesale Banking – Investment Banking (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Net interest income 71 50 42.0% 21 27 (22.2%) Non interest income 790 818 (3.4%) 237 294 (19.4%) Operating income 861 868 (0.8%) 258 321 (19.6%) Overhead expenses (703) (693) 1.4% (238) (241) (1.2%) PPOP 158 175 (9.7%)
Slide 46: Wholesale Banking – Corporate Banking
Wholesale Banking – Corporate Banking (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Net interest income 1,215 1,212 0.2% 400 416 (3.8%) Non interest income 446 459 (2.8%) 149 123 21.1% Operating income 1,661 1,671 (0.6%) 549 539 1.9% Overhead expenses (517) (532) (2.8%) (166) (165) 0.6% PPOP 1,144 1,139
Slide 47: Corporate Banking – Gross Loans
Corporate Banking – Gross Loans Divisions / Products 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Malaysia (RM ’bil) 45.5 39.7 14.5% 43.0 5.8% Indonesia (IDR ’bil) 42,538 41,635 2.2% 42,168 0.9% Singapore (SGD ’bil) 4.0 3.0 33.0% 3.5 16.7% Thailand (THB ’bil) 55.2 47.5 16.4% 51.0 8.4% Total Corporate L
Slide 48: Corporate Banking – Total Deposits
Corporate Banking – Total Deposits Divisions / Products 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Malaysia (RM ’bil) 88.2 76.7 15.0% 86.4 2.1% Indonesia (IDR ’bil) 34,259 30,673 11.7% 29,098 17.7% Singapore (SGD ’bil) 2.8 2.6 7.7% 2.6 7.7% Thailand (THB ’bil) 44.3 40.2 10.1% 45.7 (3.0%) Total Corpor
Slide 49: Wholesale Banking – Treasury & Markets
Wholesale Banking – Treasury & Markets (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Net interest income 935 917 2.0% 333 303 9.9% Non interest income 310 685 (54.7%) 105 65 61.5% Operating income 1,245 1,602 (22.3%) 438 368 19.0% Overhead expenses (460) (415) 10.8% (168) (149) 12.8% PPOP 785 1,187 (33.
Slide 50: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) 9M13 9M12 9M13 9M12 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Stock Broking 11.7% 1 11.8% 1 Stock Broking 6.5% 2 4.8% 6 IPO 27.3% 1 24.2% 1 IPO - - - - ECM 28.0% 2 31.9% 1 ECM 12.5% 3 - - M&A 16.2% 2 14.9% 6 M&A 16.2% 1 0.4% 13 Syndicatio
Slide 51: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) 9M13 9M12 9M13 9M12 ASEAN Market Market Global Market Market Rank Rank Rank Rank Share Share Share Share IPO 4.7% 7 17.4% 1 Sukuk 5.9% 6 12.4% 3 ECM 6.3% 5 14.2% 1 M&A 3.9% 18 4.6% 18 Syndication ^ 1.6% 18 4.5% 8 DCM Domestic 10.3% 2 11.1% 1 9M13 9M12 Market Market Ra
Slide 52: Completed Notable Deals
Completed Notable Deals DCM DCM Sarawak Hidro Sdn Bhd Ananda Development PCL RM1.0 bil Islamic Medium Term Notes THB2,605 mil Senior Unsecured Debenture Programme, Irrevocable and Unconditionally (Inaugural issuance by the company) Guaranteed by the Government of Malaysia Bank for Agriculture and Ag
Slide 53: CIMB's IB Increased Activity in October
CIMB’s IB Increased Activity in October DCM IPO ASEAN APAC ASEAN APAC 25 17 22 25 21 1 1 1 4 5 13 15 12 0 1 1 +72.9% +555.8% +253.3% +58.5% 328 358 1,034 1,006 526 653 556 582 124 124 101 342 305 6 30 0 Avg Avg Avg Oct-13 Avg Avg Avg Oct-13 Avg Avg Avg Oct-13 Avg Avg Avg Oct-13 1Q13 2Q13 3Q13 1Q13 2
Slide 54: Group Asset Management
Group Asset Management PBT (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q CIMB-P Group 50.6 37.4 35.3% 18.5 16.3 13.8% Wholesale 17.6 10.1 72.8% 8.2 5.2 57.8% Total 68.2 47.6 43.3% 26.7 21.5 24.4% Asset Under Management as at 30 Sep 2013 Wholesale AUM as at 30 Sep 2013 RM ‘mil CIMB +18.3% Y-o-Y Mapletree
Slide 55: Investments
CIMB Group : 9M13 Results Investments
Slide 56: Investments
Investments (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q Net interest income 416 325 28.0% 150 135 11.1% Non interest income 865 336 157.4% 46 94 (51.1%) Total income 1,281 661 93.8% 196 229 (14.4%) Overhead expenses (880) (356) 147.2% (227) (213) (6.6%) PPOP 401 305 31.5% (31) 16 n.a. (Provisions) / W
Slide 57: Strategic Investments
Strategic Investments RM ’mil 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q PAT to CIMB Group 69.6 68.2 2.0% 26.8 26.1 2.8% In RMB terms, lower PAT Y-o-Y mainly due to margin contraction Launched 2 new branches at Huludao and Anshan to a total of 7 regional branches 19.99% RM ’mil 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q
Slide 58: Other Highlights
CIMB Group : 9M13 Results Other Highlights
Slide 59: Insurance
Insurance PBT (RM ’mil) 9M13 9M12 Y-o-Y 3Q13 2Q13 Q-o-Q CIMB Aviva^ - 37.5 n.a - - - CIMB Sun Life (8.2) (11.0) 25.5% (1.5) (2.9) 48.3% Others* 7.1 (1.7) n.a. 2.6 4.2 (38.1%) Total CIG & GID (1.1) 24.8 n.a. 1.1 1.3 (15.4%) Banca Income Y-o-Y Malaysia 22.1% Indonesia 25.5% Thailand 48.6& Singapore 53
Slide 60: CIMB Islamic
CIMB Islamic Ranking of Total Islamic Assets as at 30 Jun 2013 9M13 9M12 Sukuk Total Assets Market Market Market Rank Company Rank Rank RM ’mil Share Share Share 1 Maybank Islamic 104,831 26% Malaysia 19.1% 2 27.0% 2 2 CIMB Islamic 50,973 13% Sukuk 5.9% 6 12.4% 3 3 Bank Islam 40,140 10% 4 AmIslamic
Slide 61: CIMB Singapore
CIMB Singapore PBT 9M13 9M12 RM ‘mil Market Market +2.1% Y-o-Y Rank Rank Share Share 139 Stock Broking 9.6% 1 10.7% 1 136 -22.1% Q-o-Q IPO 4.9% 7 19.4% 1 -ve Q-o-Q +ve Y-o-Y ECM 4.2% 8 11.6% 3 56 44 34 M&A 3.6% 12 1.0% 22 21 (22) (14) Syndication ^ 1.4% 19 2.2% 11 9M12 9M13 2Q13 3Q13 DCM 4.3% 9 2.4%
Slide 62: Stronger and more diversified IB Platform post RBS acquisition
Stronger and more diversified IB Platform post RBS acquisition Performance YTD and Outlook A very active 4Q so far Countries Client Type Size With commencement of Taiwan broking operations in July, CIMB now has a full APAC ex-Japan Equities footprint in UMW Oil & Gas IPO USD 748 mil Corporation Berh
Slide 63: 2013 Priorities and Other Highlights
CIMB Group : 9M13 Results 2013 Priorities and Other Highlights
Slide 64: Key 2013 Priorities Round-up
Key 2013 Priorities Round-up Updates Dynamic rightsizing of IB Organisational review – High level benchmarking for Consumer Banking completed Cost Management Strategic sourcing and procurement transformation MSS (Malaysia) completed. MSS increased from 867 to 1,217, costing RM217 mil. Additi
Slide 65: Achievements vs Targets for 2013
Achievements vs Targets for 2013 9M13 Y-o-Y FY13 ROE 16.0% 16% TSR -5.1%>FBMKLCI > FBMKLCI Dividend 40%~ 40% Total Credit Growth * 14% (16.6%^) 15% Loan loss charge 0.21 < 0.4 Total Capital (CIMB Group) 14.0% > 11% CET 1 (CIMB Group) 8.2% > 8% Leverage (CIMB Group) 5.3% < 20x Notes: ~ Based on CIMBG
Slide 66: Final Remarks
CIMB Group : 9M13 Results Final Remarks
Slide 67: Final Remarks
Final Remarks Built on CIMB 2.0 changes, completed IB platform and implemented cost initiatives 9M13 operating environment tougher than anticipated, but assets and liabilities expanded well 3Q13 saw weak markets and tough Indonesia. Markets recovering in 4Q13 4Q13 top-line will be stronger led by IB
Slide 68: Thank You
THANK YOU 68
Slide 69: Appendices
Appendices bal CIMB GROUP
Slide 70: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes 31 Sep 12 (RM ‘mil) 31 Sep 13 Y-o-Y 30 Jun 13 Q-o-Q (Restated) Cash & short term funds 32,270 22,791 42% 32,317 (0.1%) Securities purchased under resale agreements 11,700 5,406 116% 9,529 23% Deposits & placements with financial institutions 5,128 6,833 (25%) 6,734
Slide 71: CIMB Niaga: Balance Sheet Changes
CIMB Niaga : Balance Sheet Changes (IDR ’bil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Placements & Other MS 35,487 32,328 9.8% 30,574 16.1% Government Bonds 9,919 9,462 4.8% 6,577 50.8% Loans (Net) 151,582 135,179 12.1% 147,175 3.0% Other Assets 21,237 13,654 55.5% 17,871 18.8% Total Assets 218,22
Slide 72: CIMB Thai: Balance Sheet Changes
CIMB Thai : Balance Sheet Changes Before GAAP Adjustments (THB ’mil) 30 Sep 13 30 Sep 12 Y-o-Y 30 Jun 13 Q-o-Q Placements & Other MS 20,988 10,653 97.0% 11,012 90.6% Government Bonds (Net) 43,761 35,532 23.2% 40,486 8.1% Loans (Net) 159,730 122,964 29.9% 147,903 8.0% Other Assets 21,218 15,339 38.3%
Slide 73: Asset Quality Ratios – CIMB Group
Asset Quality Ratios – CIMB Group 84.3% 82.3% 82.2% 82.8% 82.3% 82.1% 82.2% 80.8% 80.7% 81.1% 80.0% 80.0% 79.5% 82.3% 84.0% 81.1% 81.1% 81.3% 82.6% 81.9% 81.7% 81.7% 79.3% 80.6% 80.4% 80.0% 6.6% 6.1% 5.9% 5.7% 5.5% 5.0% 5.1% 4.7% 4.8% 4.4% 4.5% 4.5% 4.4% 4.2% 4.1% 3.8% 3.8% 3.6% 3.4% 3.9% 3.6% 3.5%
Slide 74: Capital Management – All Banking Entities
Capital Management – All Banking Entities Basel III Common Equity Tier Sep-131 Tier 1 Total Capital Ratio 1 Ratio CIMB Bank 2 9.9% 11.8% 13.2% CIMB Investment Bank 21.9% 21.9% 21.9% CIMB Islamic 9.0% 9.3% 13.1% CIMB Bank Group 2 8.2% 9.7% 13.1% CIMB Investment Bank Group 21.4% 21.4% 21.4% CIMB Niaga
CIMB Group Holdings Berhad — 9M13 Earnings Presentation on 6ix