Union Bank Of The Philippines · PSE:UBP

Union Bank Of The Philippines — Q1 2015 Earnings Presentation

11 slides from Union Bank Of The Philippines's earnings presentation, 2015

  1. Slide 1: Financial & Operating Results

    FINANCIAL & OPERATING RESULTS PERIOD COVERED: 1Q2015 Justo A. Ortiz Chairman and CEO

  2. Slide 2: Net income declined on lower trading gains

    Net income declined on lower trading gains Net Income In million pesos 39% 2,410 1,481 1Q2014* 1Q2015 *Restated as a result of early adoption of PFRS 9 effective January 1, 2014

  3. Slide 3: Net interest income dipped on earning asset contraction

    Net interest income dipped on earning asset contraction Net Interest Income In million pesos 2,653 2,528 5% 3M 2014 3M 2015 Earning Asset Net Interest Margin ADB in billion pesos 600 100.0% 550 90.7% 89.5% 95.0% 2 bps 500 90.0% 374 450 85.0% 400 350 80.0% 3.04% 3.02% 350 4.21% 4.35% 300 6% 75.0% 70.

  4. Slide 4: Non interest income fell mainly due to lower trading gains

    Non interest income fell mainly due to lower trading gains Non-Interest Income In million pesos 2,517 882 1,753 879 30% 1,070 -50% 540 59 506 412 -19% (78) -1.3x 3M2014 3M2015 Service charges, fees & commissions Trading gain/losses - net FX gains/losses Miscellaneous

  5. Slide 5: Deposits slipped principally on lower high-cost funds; Peso CASA continued to post robust growth

    Deposits slipped principally on lower high-cost funds; Peso CASA continued to post robust growth Deposits ADB in billion pesos 327 21 289 43 +2x 12% 306 246 -20% YTD Mar 2014 YTD Mar 2015 UnionBank Subsidiaries Peso CASA Deposits ADB in billion pesos 24.5% 30.7% 30.0% 120 100 80 89 10.0% -10.0% 80 1

  6. Slide 6: Credit portfolio expanded, primarily retail credit

    Credit portfolio expanded, primarily retail credit Credit Portfolio – Net of Provisions ADB in billion pesos 136 120 13% 9 -50% +17% 18 34 29 3 +5% 22 3 5 3 +50% 21 5 2 45 +61% 28 +7% 14 15 YTD Mar 2014 YTD Mar 2015 Mortgage Salary Loans Auto Loans Credit Card Commercial Business Line Corporate Pref

  7. Slide 7: Opex relatively flat notwithstanding business expansion

    Opex relatively flat notwithstanding business expansion Operating Expense In million pesos 2,266 2,292 82 101 +23% 297 219 -26% 1,887 1,972 +5% 3M2014 3M2015 Core Bank Taxes Subsidiaries

  8. Slide 8: Key ratios drop on earnings performance

    Key ratios drop on earnings performance Return on Equity Revenue to Expense 21.4% 10.6% 2.3 1.9 3M2014 3M2015 Return on Average Asset 3M2014 3M2015 2.3% 1.5% 3M2014 3M2015

  9. Slide 9: Capital ratios remained healthy and well-above regulatory minima

    Capital ratios remained healthy and well-above regulatory minima Capital Adequacy Ratios Consolidated Basis 17.1% 11.5% 13.6% 10.9% Mar 2014 Mar 2015 CAR Common Equity Tier 1

  10. Slide 10: UnionBank share price trailed market, peer banks

    UnionBank share price trailed market, peer banks Re-based Stock Performance 03/31/2014 – 03/31/2015 130% 120% 110% 100% 90% 80% 70% 60% Source: Bloomberg, 03/31/14=100 50% Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 UnionBank PSEi PFINC

  11. Slide 11: Financial & Operating Results

    FINANCIAL & OPERATING RESULTS PERIOD COVERED: 1Q2015 Justo A. Ortiz Chairman and CEO

Union Bank of the Philippines — Q1 2015 Earnings Presentation on 6ix