Bank Alfalah Limited · PSX:BAFL
Bank Alfalah — FY2015 Earnings Presentation
15 slides from Bank Alfalah's earnings presentation, Mar 14, 2016
Slide 1: Analyst Briefing –2015 Performance Review & Outlook
Analyst Briefing –2015 Performance Review & Outlook 14th March 2016
Slide 2: Basic Data & Market Positioning
Basic Data & Market Positioning Commencement of operations 1997 Head Quarters Karachi Major Sponsors Dhabi Group Credit Rating (Long Term/ Short Term) AA / A1+ Branches 653 (including 158 Islamic Branches) Cities Covered 222 cities in Pakistan, 7 cities overseas International Presence 11 Internation
Slide 3: Balance Sheet Snapshot
Balance Sheet Snapshot Amount PKR Mn Dec-14 Sep-15 Dec-15 YoY QoQ Balance sheet footing increased by 21% YoY to Cash 50,516 43,020 62,369 23% 45% PKR 903bn. Bal with banks 12,332 9,678 16,552 34% 71% Advances growth picked Lending to FI 18,313 32,854 53,629 193% 63% up to 13% YoY. Major growth r
Slide 4: Profit & Loss Snapshot
Profit & Loss Snapshot Amount PKR Mn 3Q15 4Q15 QoQ 2014 2015 YoY Net Interest Income increased 31% YoY, Interest Income 14,981 15,227 2% 55,378 61,458 11% reflecting increase in NIMs and 28% increase in Interest Expenses 7,640 7,835 3% 33,505 32,811 -2% average earnings assets. Net Int Income 7,34
Slide 5: Key Ratios
Key Ratios 1Q15 2Q15 3Q15 4Q15 2014 2015 NIMs remained stable at 4.2% helped by lower Yield on Advances 9.8% 8.6% 7.6% 7.3% 10.2% 8.4% cost of deposits offsetting the drop in advances Yield on Inv 9.9% 9.4% 9.0% 8.7% 9.2% 10.0% yield. Cost of Deposits 4.9% 4.1% 3.5% 3.4% 5.2% 4.0% ROA remained s
Slide 6: 4Q15 Performance Review
4Q15 Performance Review
Slide 7: Advances & Asset Quality Trends
Advances & Asset Quality Trends NPLs mostly contained Specific Coverage improved to 84% NPLs NPLs/gross advances Provisions Coverage 12% 50 100% 25 80.0% 83.7% 76.5% 77.6% 10% 40 80% 70.1% 20 8% 30 60% 15 6.4% 6.4% 14.7 14.8 15.5 5.9% 5.8% 13.6 14.3 6% 5.4% 20 40% 10 19.4 18.7 18.9 18.5 18.5 4% 10 2
Slide 8: Deposit Mix & Cost
Deposit Mix & Cost Deposit growth trend (PKR bn) CASA continues to remain strong (PKR bn) 700 600 600 640 500 75% 606 69% 477 500 400 71% 526 72% 420 457 69% 374 400 300 328 401 64% 57% 277 300 354 200 325 225 184 200 100 2009 2010 2011 2012 2013 2014 2015 2009 2010 2011 2012 2013 2014 2015 Deposit
Slide 9: Appendix
Appendix
Slide 10: Balance Sheet Summary
Balance Sheet Summary 5yr- Amount in PKR Mn 2010 2011 2012 2013 2014 2015 CAGR Cash & Bal. with treasury bank 41,198 50,883 58,044 61,205 55,378 62,369 9% Balances with other banks 16,179 17,424 26,721 35,180 12,332 16,552 0% Lending to FIs 6,498 7,765 877 2,522 18,313 53,629 53% Advances (net) 207,
Slide 11: Profit & Loss Summary
Profit & Loss Summary 5yr- Amount in PKR Mn 2010 2011 2012 2013 2014 2015 CAGR Interest income 37,530 44,298 46,080 43,961 55,378 61,458 10% Interest expense 23,855 25,687 27,500 27,066 33,505 32,811 7% Net interest income 13,675 18,611 18,580 16,895 21,873 28,648 16% NPL Provisions 2,269 1,870 1,85
Slide 12: Key Ratios
Key Ratios 2010 2011 2012 2013 2014 2015 Capital Adequacy Ratio (Tier-I) 7.1% 8.6% 8.5% 8.4% 9.6% 9.7% Capital Adequacy Ratio Total 10.5% 11.6% 12.6% 12.1% 12.8% 13.4% Net Interest Margins 4.1% 5.1% 4.4% 3.5% 3.9% 4.2% Admin Cost to Income Ratio 68.4% 57.7% 58.8% 68.7% 65.4% 58.6% Non Interest Incom
Slide 13: Snapshot of the Bank Stock Market Related Data
Snapshot of the Bank Stock Market Related Data Bloomberg Code BAFL PA Reuters Code BAFL.KA Shares Outstanding (mn) 1589.81 Market Capitalization (PRsbn) 41.0 Market Capitalization (US$mn)* 391.4 Average Daily Turnover (mn shares) 1.2 Average Daily Turnover (US$mn)* 0.35 Current Stock Price** 25.80 1
Slide 14: Disclaimer
Disclaimer This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as
Slide 15: Contact Information
Contact Information For any queries: Imtiaz Gadar, CFA Head of Public Markets Bank Alfalah Limited Ph# +92 21 3241 6979 +92 21 3242 3617 Imtiaz.gadar@bankalfalah.com