Soneri Bank Limited · PSX:SNBL
Soneri Bank — Investor Presentation (December 2023)
19 slides from Soneri Bank's investor presentation, December 2023
Slide 1: Soneri Bank Limited Corporate Briefing Session 2023
Soneri Bank Limited Corporate Briefing Session 2023
Slide 2: Note about forward-looking statements
Note about forward-looking statements This document contains or incorporates by reference “forward-looking statements” regarding the belief or current expectations of Soneri Bank Limited (the “Bank”), the Board of Directors, and members of senior management about the strategy, businesses and perform
Slide 3: Company Brief
Company Brief
Slide 4: The Bank – At a glance
The Bank – At a glance Commencement of Operations April 1992 Registered Office Lahore Major Sponsors Feerasta Family Credit Rating (Long Term / Short Term) AA- / A1+ Branches 440 (with 45 Islamic Branches; + 15 IBWs) Market Share* 1.9% of deposits Assets* PKR 644 bn Deposits* PKR 510 bn Net Advances
Slide 5: Equity Progression
Equity Progression Current Market Capitalization Our share capital over the years…… PKR 11.7 Bn Rs in Bns 12.000 11.025 10.023 10.000 9.021 8.028 8.000 6.023 6.000 5.019 4.114 4.000 3.117 1.653 2.000 0.783 1.018 1.272 0.300 0.330 0.380 0.501 0.626 - 1992 -2006 2007 onwards • Consistent Cash Dividend
Slide 6: Earnings, Payouts and Shareholding Pattern
Earnings, Payouts and Shareholding Pattern Presented below is the Bank’s Dividend payout, as compared to the earnings for the relevant year and the market price of the Bank’s share. Pattern of Shareholding – September 2023 Particulars Shares (Millions) Percentage DIRECTORS, CEO & THEIR SPOUSES 10.12
Slide 7: Key Developments
Key Developments | 5 [EEE
Slide 8: Key Developments
Key Developments Till date, 37 new branches have been added to our network in 2023 taking the total tally to 440. Target Branches at year Enhanced Outreach through end 2023 are 443 During the year, our retail teams successfully initiated drives to tap Network Expansion and Regular branches with 45 I
Slide 9: Key Developments
Key Developments Some of the Key Products Introduced / Enhanced this year: • Soneri Trans@ct Eazy Collect – Cash Management Solution; The Bank continues to improve its • Soneri Employee Banking – Payroll Disbursement Solution; Improved / Enhanced / existing Product Suite to offer tailored • Soneri R
Slide 10: Financial Performance Review – 9M2023
Financial Performance Review – 9M2023
Slide 11: Balance Sheet Snapshot – With Average Volumes
Balance Sheet Snapshot – With Average Volumes Rs'mn Sep 2023 Dec 2022 Growth vs 2022 Sep 2022 Growth vs CPLY Deposits reached a Landmark high level - exceeding 0.5 AVG DR 20.25% 12.92% 7.33% 12.20% 8.05% Trillion. Deposits EOP 510,477 409,643 100,834 25% 434,017 76,460 18% CA EOP 165,094 138,319 26,
Slide 12: Profit & Loss Snapshot – 9M2023
Profit & Loss Snapshot – 9M2023 Rs'mn Q1 Q2 Q3 9M 2023 9M 2022 Growth vs CPLY Highest ever PBT level of 8.4bn – despite 1.8bn increase in Markup Income 19,701 23,926 25,917 69,545 45,007 24,538 55% provisioning vs CPLY. Markup Expense (14,862) (18,641) (19,941) (53,444) (37,248) (16,196) 43% NIM imp
Slide 13: Operational Profitability – Quarterly trend
Operational Profitability – Quarterly trend Rs. in Millions Net Interest Income Total Revenue 5,977 5,285 7,749 4,839 6,609 6,403 2,879 4,722 2,321 2,559 3,720 3,384 Q1 Q2 Q3 Q1 Q2 Q3 2023 2022 2023 2022 Operating Expenses Profit Before Tax 3,230 3,858 2,694 3,409 3,508 2,513 3,238 2,768 2,922 1,484
Slide 14: Performance against previous outlook
Performance against previous outlook
Slide 15: Progress against previous outlook shared
Progress against previous outlook shared In 2021, we revised and updated our strategy. Performance against initiatives continues to be tracked at BOD level. Revised targets based on internal and external factors are considered for revisions to short and medium term targets. This year, the Bank’s BOD
Slide 16: Going forward
Going forward | 5s EEE
Slide 17: Going forward
Going forward Or focus remains on : • Balance Sheet Growth • Creating Efficiency and Productivity • Developing Human Capital • Improving Shareholder Returns • BOD approved operational plan is in place for tracking progress against initiatives. This continues to be monitored on a regular basis. Targe
Slide 18: Questions and Answers
Questions and Answers | 5 [EEE
Slide 19: Registered Office
Registered Office: 2nd Floor, 307 Upper Mall Scheme, Anand Road, Lahore – 54000, Pakistan Central Office: 10th Floor, PNSC Building, M.T. Khan Road, Karachi – 74000, Pakistan Tel: (021) 111-567-890