DBS Group Holdings Ltd · SGX:D05
DBS — Q4 2023 Earnings Presentation
7 slides from DBS's earnings presentation, Feb 7, 2024
Slide 1: CEO observations
CEO observations DBS Group Holdings 4Q 2023 Financial Results February 7, 2024 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability what
Slide 2: Operating trends sustained in 4Q
Operating trends sustained in 4Q ▪ Strong fourth quarter caps record year o 4Q total income up 9%, led by fee income ▪ Loans little changed o Continuation of higher repayments for non-trade corporate loans, other loans stable ▪ Group NIM declines to 2.13% o Decline due to full-period impact of highe
Slide 3: Operating trends sustained in 4Q
Operating trends sustained in 4Q ▪ Underlying cost-income ratio improves YoY o Underlying YoY expense growth of 3% for 4Q, 10% for full year o Underlying cost-income ratio at 42% for 4Q, 39% for full-year ▪ Asset quality remains resilient o New NPA formation and SP remain low 3
Slide 4: 2024 outlook
2024 outlook ▪ More settled macroeconomic outlook; geopolitical risks remain ▪ Maintaining guidance for net interest income to be around 2023 levels o Net interest income to be supported by full-year impact of Citi Taiwan consolidation o Trade-off between NIM and loan growth o Full-year NIM to be sl
Slide 5: Distributing our earnings to our stakeholders
Distributing our earnings to our stakeholders ▪ Shareholders o Another quarterly dividend per share increase of 6¢ to 54¢ from 4Q, bringing annualised dividend per share going forward to $2.16 o One-for-10 bonus issue, with dividend per share maintained at $2.16 per share over enlarged share base o
Slide 6: Good progress on executing tech resiliency roadmap to achieve high degree of service availability
Good progress on executing tech resiliency roadmap to achieve high degree of service availability Despite record earnings, variable pay for Group Management Committee to be collectively reduced by 21% yoy, including a deeper 30% for the CEO, to take accountability Progress made Customers can expect
Slide 7: CEO observations
CEO observations DBS Group Holdings 4Q 2023 Financial Results February 7, 2024 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability what