Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — H1 2022 Earnings Presentation
19 slides from Union Bank Of Taiwan's earnings presentation, Aug 9, 2022
Slide 1: Union Bank of Taiwan Financial Results of 1H22
Union Bank of Taiwan Financial Results of 1H22 August 9th, 2022 1
Slide 2: Disclaimer
DISCLAIMER This presentation is provided by Union Bank of Taiwan (”UBOT”).The information contained within is not audited or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed t
Slide 3: Financial Highlights of 1H22
Financial Highlights of 1H22 Steady growth of business Net income for the month ended June 30, 2022, was 1,270 million, decreased 43.88% YoY, Operating revenue was 6,848 million, decreased 15.76% YoY. EPS was 0.22 in 1H22, compare with 0.73 in 1H21 , decreased 69.86% YoY. Net interest income
Slide 4: Revenue and profit- Consolidated
Revenue and profit- Consolidated NT$ mn, % Items 2Q22* 2Q21 Diff. %* Net interest income 4,904 4,265 +14.98% Net fee income 1,614 1,461 +10.47% Net other income 330 2,403 -86.27% Operating revenue 6,848 8,129 -15.76% Pre-Tax Income 1,630 2,592 -37.11% Net Income 1,270 2,263 -43.88% EPS (in NT$dollar
Slide 5: Net Revenue Breakdown- Consolidated
Net Revenue Breakdown- Consolidated NT$ mn NT$ mn, % 13,866 14,430 16,689 6,848 4.81% 9,000 8,129 27.50% 29.80% 33.69% 23.57% 6,848 6,000 19.55% 18.30% 19.59% 71.62% 3,000 46.72% 52.95% 51.90% 0 2Q21 2Q22 2019 2020 2021 2Q22 NII% Fee Income% Other Income% Operating Revenue 2Q22 are un-audited numb
Slide 6: Financial Performance- Consolidated
Financial Performance- Consolidated NT$ mn Operating Revenue 16,689 13,866 14,430 6,848 2019 2020 2021 2Q22 Net Income NT$ mn EPS NT$ dollar 4,463 1.21 3,371 3,442 0.93 0.9 1,270 0.22 2019 2020 2021 2Q22 2019 2020 2021 2Q22 2Q22 are un-audited numbers 6
Slide 7: Operating revenue analysis- Alone
Operating revenue analysis- Alone NT$ mn,% 47.22% 36.27% 32.96% 21.86% 21.97% 19.82% 21.86% 14.96% 11.10% Corporate Business 6.98% 14.96% -13.14% 47.22% Corporate Consumer Trust & Ｗealth Investment Others Consumer Business Business Business Mgmt. 36.27% 11.10% 2Q22 2Q21 Trust & Ｗealth Mgmt. 6.98% -1
Slide 8: Business Performance
Business Performance NT$ mn, % 201 欄 Items 2022.6.30 2021.6.30 Diff.Amt Diff. % 9.63 1 Total deposits (avg. bal.) 684,610 629,341 55,269 8.78% Demand deposits 321,803 288,554 33,249 11.52% Time deposits 273,971 257,467 16,504 6.41% Foreign exchange deposits 88,836 83,320 5,516 6.62% Total Loans (avg
Slide 9: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$684.6 billion NT$ bn Foreign exchange deposits, 12.97% 321.8 288.6 274.0 Time deposits, 257.5 40.02% Demand deposits, 47.01% 88.8 83.3 Demand deposits Time deposits Foreign exchange deposits 6M22 6M21 Preliminary figures of Jun. 2022 9
Slide 10: Deposits balance steady growth
Deposits balance steady growth Demand Deposits Time Deposits YOY YOY NT$ mn +9.36% +6.28% 364,410 354,210 326,910 306,037 323,905 312,838 246,764 265,967 307,766 307,581 298,939 292,443 Dec. 2019 Jun. 2020 Dec. 2020 Jun. 2021 Dec. 2021 Jun. 2022 Dec. 2019 Jun. 2020 Dec. 2020 Jun. 2021 Dec. 2021 Jun.
Slide 11: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$518.8 billion NT$ bn Government, 356.7 8.3% Large Corporate, 313.8 1.0% SME, 21.9% 113.7 94.4 Individual, 43.3 68.8% 27.9 5.1 4.0 Government Large SME Individual Corporate Preliminary figures of Jun. 2022 6M22 6M21 11
Slide 12: Loans balance steady growth
Loans balance steady growth Corporate Loans Consumer Loans NT$ mn 183,243 304,566 164,626 288,263 154,711 267,403 142,733 249,749 134,599 137,930 232,120 219,456 2019 6M20 2020 6M21 2020 6M22 2019 6M20 2020 6M21 2021 6M22 Government Loans is excluded from Corporate Loans. Preliminary figures of
Slide 13: Business Performance
Business Performance Cards, NT$ Mn,% Jan. to Jun. Jan. to Jun. Items Diff. Amt Diff. % 2022 2021 Valid cards in 6 months 1,334,741 1,323,492 11,249 0.85% Cards outstanding 2,315,079 2,192,196 122,883 5.61% Operating income 1,949 1,811 138 7.62% Value of transactions 50,563 48,342 2,221 4.59% Value o
Slide 14: Credit Card Business Breakdown
Credit Card Business Breakdown Active Cards Thousand Card,% Cards Consumption NT$ mn 3.36% 4.10% 1,360 3.40% 3.27% 120,000 4.07% 1,335 102,223 4.05% 1,323 1,323 1,340 92,555 99,456 3.28%100,000 3.20% 3.26% 3.27% 4.00% 1,308 4.01% 1,320 3.95% 3.97% 1,300 80,000 3.99% 3.91% 1,300 3.00% 3.90% 45,289 48
Slide 15: NIM and Spread- Alone
NIM and Spread- Alone 1.80% 1.63% 1.60% 1.38% 1.41% 1.33% 1.30% 2.15% 1.40% 1.98% 1.86% 1.91% 1.20% 1.24% 1.00% 1.21% 1.21% 0.80% 0.60% 0.77% 0.58% 0.53% 0.40% 0.28% 0.20% 0.00% 2019 2020 2021 2Q22 2019 2020 2021 2Q22 Overall Lending Rate Overall Deposit Rate Interest Spread NIM 2Q22 are un-audite
Slide 16: Assets Quality
Assets Quality NPL NPL Ratio NT$ mn,% 0.15% 0.14% 700 0.12% 600 606 617 0.10% 500 573 499 400 300 200 100 0 2019 2020 2021 2Q22 2019 2020 2021 2Q22 2Q22 are un-audited numbers 16
Slide 17: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, NT$ mn,% % 6,500 1200.00% 6,000 5,825 5,500 5,396 1000.00% 5,000 4,778 1081.30% 944.63% 4,500 4,299 788.94% 811.41% 800.00% 776.24% 4,000 749.68% 3,500 623.24% 600.00% 3,000 651.78% 2,500 400.00% 2,000 1,500 1,000 200.00% 500 0 0.00% 2019 2020 2021 2Q22 Allowance for
Slide 18: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2019 2020 6M21 2021 6M22 Risk Weighted Assets 376,603,339 411,994,724 401,791,662 407,195,710 433,197,571 Common share 37,440,298 40,774,470 43,105,240 45,523,219 42,690,052 Other tier 1 capital 11,559,375 12,096,138 12,622,012 12,552,479 13,000,000
Slide 19: Capital Adequacy Ratio
Capital Adequacy Ratio 15.86% 16.08% 14.70% 14.80% 14.90% 1.99% 1.82% 1.69% 1.97% 2.04% 3.14% 3.08% 3.07% 2.93% 3.01% 10.73% 11.18% 9.94% 9.90% 9.85% 2019 2020 6M21 2021 6M22 CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio Preliminary figures of Jun. 2022 BIS of Union Bank standalone. 19