Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q2 2022 Earnings Presentation
14 slides from Mizrahi Tefahot Bank's earnings presentation, August 2022
Slide 1: Financial statements
COO Financial statements | coumtTs
Slide 2: Disclaimer
Q2/22 Disclaimer • This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company's presentation. The information contained in this document constitutes information from the bank's 2022 quarterly reports and/ or immediate reports, as well as the periodic, quarterly
Slide 3: Macro environment
Q2/22 Macro environment Unemployment rate)1()2( GDP growth)1( Bank of Israel interest rate and inflation Known CPI – monthly change 0.1% 1.3% 0.8% 0.2% 1.2% 2.0% 0.4% 1 year OTC inflation expectation 2.7% )4( Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 1) 2022F according to BoI forecast from July 2022 2) From Ma
Slide 4: Overview of Mizrahi-Tefahot
Q2/22 Overview of Mizrahi-Tefahot Leading Israeli Bank NIS 417bn NIS 298bn NIS 328bn Total Assets1 Net Loans to the public1 Deposits from the public1 NIS 4.6bn NIS 6.4bn NIS 2.2bn Net Interest Revenue2 Total Revenue2 Net Profit2 NIS 32.7bn >7,600 225 Market Cap3 Employees5 Branches4,5 Significant Ma
Slide 5: Financial Highlights
Q2/22 Financial Highlights Total Assets (NISbn) Net Loans to the Public (NISbn) Deposits from the Public (NISbn) 6.3% 417 6.5% 328 Balance Sheet 392 308 9.9% 298 Growth 271 Dec-21 Jun-22 Dec-21 Jun-22 Dec-21 Jun-22 Cost/Income Ratio Return on Equity 20.6% 21.9% 52.8% 46.8% 50.4% 48.8% 1 18.0% 19.8%
Slide 6: Asset quality (NIS mil)
Q2/22 Asset quality (NIS mil) Segment H1/2022 H1/2021 Q2/2022 Q2/2021 Provisions / loans to the public Rate of Rate of Rate of Rate of Provision Provision Provision Provision provision provision provision provision 0.12% Housing loans 52 0.05% )82( )0.10%( 38 0.08% )59( )0.20%( Business 102 0.12% )1
Slide 7: Net profit in the first half of 2022 is higher than the annual profit until 2020
Q2/22 Net profit in the first half of 2022 is higher than the annual profit until 2020 3,188 2,207 1,842 1,610 1,266 1,347 1,206 1,134 2015 2016 2017 2018 2019 2020 2021 1-6/2022 NIS mil 6
Slide 8: Profitability and efficiency
Q2/22 Profitability and efficiency Net profit (NIS mil) Return on equity Cost/income ratio 2,207 20.6% 279 46.8%)1( )1( )1( 1,928 18.0% 52.8% 1,664)1( 17.0% 44.1% H1/2021 H1/2022 H1/2021 H1/2022 H1/2021 H1/2022 1,154 21.9% 279 48.8%)1( 1,053 50.4% 988 875 )1( 19.8% )1( 19.4% 16.6% 45.0% 43.2% Q2/202
Slide 9: Continuous loan growth (NIS bil)
Q2/22 Continuous loan growth (NIS bil) Credit to the public (1) 2015 – 2020 average annual growth H1/2022 growth ~12 NIS bil ~27 NIS bil 283 298 271 246 171 181 194 205 159 221 (2) Supervisory operating segments (1) Excluding Union Bank credit (2) Small and micro businesses, Medium businesses and La
Slide 10: Continuous deposit growth (NIS bil)
Q2/22 Continuous deposit growth (NIS bil) Deposits from the public (NIS bil) Core deposits(1) (NIS bil) 209 217 206 328 313 194 308 127 137 284 106 114 168 96 211 247 199 178 184 2015 2016 2017 2018 2019 2020 2021 31.3.22 30.6.22 162 Core deposits (1) by segments Segment 103.7 142.0 House holds and
Slide 11: Financing revenues from current operations continue to grow
Q2/22 Financing revenues from current operations continue to grow Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Q1/2019 Q2/2019 Q3/2019 Q4/2019 Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/2022 Q2
Slide 12: Expenses
Q2/22 Expenses Operating and other expenses (NIS mil) Salaries (NIS mil) 2,674 2,830 1,713 1,833 H1/2021 H1/2022 H1/2021 H1/2022 1,392 1,442 884 924 1,333 843 Q2/2021 2021 quarterly Q2/2022 Q2/2021 2021 quarterly Q2/2022 average 11 average
Slide 13: Gradual return to dividend policy
Q2/22 Gradual return to dividend policy 1,024 Leverage ratio Dividend distributed 5.23% (For the relevant period) 5.18% 737 31.12.21 30.6.22 483 404 Capital adequacy 316 Total ratio 13.66% 13.38% 190 120 122 137 75 10.00% 10.04% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1-6/22 31.1
Slide 14: Thank you
“Thankyou |