Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — H1 2023 Earnings Presentation
19 slides from Union Bank Of Taiwan's earnings presentation, Aug 7, 2023
Slide 1: Financial Results of 1H23
Union Bank of Taiwan Financial Results of 1H23 August 7, 2023 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 1H23
Financial Highlights of 1H23 Steady growth of business Net income for the month ended June 30, 2023, was 2,510 million, increased 118.64% YoY, Operating revenue was 9,010 million, increased 28.77% YoY. EPS was 0.54 in 1H23, compare with 0.19 in 1H22 , increased 184.21% YoY. Net interest inco
Slide 4: Revenue and profit- Consolidated
Revenue and profit- Consolidated NT$ mn, % Items 2Q23 2Q22 Diff. %* Net interest income 4,325 4,873 - 11.25% Net fee income 1,711 1,624 + 5.36% Net other income 2,974 500 +494.80% Operating revenue 9,010 6,997 +28.77% Pre-Tax Income 2,974 1,625 +83.02% Net Income 2,510 1,148 +118.64% EPS (in NT$doll
Slide 5: Net Revenue Breakdown- Consolidated
Net Revenue Breakdown- Consolidated NT$ mn NT$ mn, % 14,430 16,689 15,985 9,010 9,010 9,000 17.65% 27.50% 29.80% 33.00% 6,997 20.78% 6,000 19.55% 18.30% 19.00% 3,000 61.57% 52.95% 51.90% 48.00% 0 2Q22 2Q23 2020 2021 2022 2Q23 NII% Fee Income% Other Income% Operating Revenue 2Q23 are un-audited num
Slide 6: Financial Performance- Consolidated
Financial Performance- Consolidated NT$ mn Operating Revenue 16,689 15,985 14,430 9,010 2020 2021 2022 2Q23 Net Income NT$ mn EPS NT$ dollar 4,463 1.11 3,442 3,542 0.9 0.85 2,510 0.54 2020 2021 2022 2Q23 2020 2021 2022 2Q23 2Q23 are un-audited numbers 6
Slide 7: Operating revenue analysis- Alone
Operating revenue analysis- Alone NT$ mn,% 47.22% 38.69% 30.92% 32.96% 21.07% 21.86% 9.36% 11.10% Consumer Business, Corporate 38.69% Business, 21.07% -0.04% Corporate Consumer Trust & Ｗealth Investment Others Business Business Mgmt. -13.14% Others, 30.92% Corporate Business 2Q23 2Q22 Consumer Busin
Slide 8: Business Performance
Business Performance NT$ mn, % 201 欄 Items 2023.6.30 2022.6.30 Diff.Amt Diff. % 9.63 1 Total deposits (avg. bal.) 734,245 684,610 49,635 7.25% Demand deposits 322,602 321,803 799 0.25% Time deposits 310,231 273,971 36,260 13.23% Foreign exchange deposits 101,412 88,836 12,576 14.16% Total Loans (avg
Slide 9: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$ 734.2 billion NT$ bn Foreign exchange deposits, 13.81% 322.6 321.8 310.2 274.0 Time deposits, 42.25% Demand deposits, 43.94% 101.4 88.8 Demand deposits Time deposits Foreign exchange deposits 6M23 6M22 Preliminary figures of Jun. 2023
Slide 10: Deposits balance steady growth
Deposits balance steady growth Demand Deposits Time Deposits NT$ mn 364,410 354,210 354,939 351,914 360,144 381,098 307,766 307,581 312,838 326,910 323,905 306,037 Dec. 2020 Jun. 2021 Dec. 2021 Jun. 2022 Dec. 2022 Jun. 2023 Dec. 2020 Jun. 2021 Dec. 2021 Jun. 2022 Dec. 2022 Jun. 2023 Total Deposits D
Slide 11: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$546.5 billion NT$ bn Government, Large Corporate, 2.0% 1.3% 396.6 356.7 SME, 24.1% 131.5 113.7 Individual, 43.3 11.1 7.3 5.1 72.6% Government Large SME Individual Corporate Preliminary figures of Jun. 2023 6M23 6M22 11
Slide 12: Loans balance steady growth
Loans balance steady growth Corporate Loans Consumer Loans NT$ mn 210,124 335,657 201,012 317,712 185,786 302,023 285,910 166,979 265,478 156,636 247,773 144,709 2020 6M21 2021 6M22 2022 6M23 2020 6M21 2021 6M22 2022 6M23 Government Loans is excluded from Corporate Loans. Preliminary figures of
Slide 13: Business Performance (Cards)
Business Performance Cards, NT$ Mn,% Jan. to Jun. Jan. to Jun. Items Diff. Amt Diff. % 2023 2022 Valid cards in 6 months 1,558,805 1,334,741 224,064 16.79% Cards outstanding 2,613,324 2,315,079 298,245 12.88% Operating income 2,412 1,949 463 23.76% Value of transactions 75,663 50,563 25,100 49.64% V
Slide 14: Credit Card Business Breakdown
Credit Card Business Breakdown Active Cards Thousand Card,% Cards Consumption NT$ mn 4.07% 1,600 3.84% 120,000 4.20% 3.99% 3.85% 3.90% 3.87% 1,559 3.36% 4.01% 3.27% 3.27% 3.22% 100,000 1,500 3.27% 4.00% 1,378 3.60% 80,000 1,335 1,400 3.80% 1,323 1,323 60,000 1,300 113,066 1,300 99,456 102,223 3.60%
Slide 15: NIM and Spread- Alone
NIM and Spread- Alone 2.68% 1.33% 1.31% 2.11% 1.98% 1.86% 1.21% 1.21% 1.52% 1.50% 1.41% 1.19% 1.33% 0.58% 0.53% 0.59% 2020 2021 2022 2Q23 2020 2021 2022 2Q23 Overall Lending Rate Overall Deposit Rate Interest Spread NIM 2Q23 are un-audited numbers 15
Slide 16: Assets Quality
Assets Quality NPL NPL Ratio NT$ mn,% 0.25% 1500 0.24% 1300 1,406 1,293 1100 900 0.14% 0.12% 700 0.10% 500 606 617 499 300 100 -100 2020 2021 2Q22 2022 2Q23 2020 2021 2Q22 2022 2Q23 2Q23 are un-audited numbers 16
Slide 17: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, NT$ mn,% % 7,000 6,568 1200.00% 6,500 1081.30% 6,224 6,000 5,825 5,396 944.63% 910.46% 1000.00% 5,500 5,000 4,778 836.67% 800.00% 4,500 788.94% 811.41% 4,000 776.24% 3,500 481.40% 600.00% 3,000 623.24% 467.05% 2,500 400.00% 2,000 1,500 200.00% 1,000 500 0 0.00% 2020 2
Slide 18: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2020 2021 6M22 2022 6M23 Risk Weighted Assets 411,994,724 407,195,710 433,469,669 444,044,885 483,011,165 Common share 40,774,470 45,523,219 42,376,759 44,397,652 46,953,981 Other tier 1 capital 12,096,138 12,552,479 13,000,000 13,000,000 13,000,000
Slide 19: Capital Adequacy Ratio
Capital Adequacy Ratio 16.08% 14.80% 14.82% 14.95% 14.45% 1.82% 1.97% 2.04% 2.02% 2.04% 3.08% 2.93% 3.00% 2.93% 2.69% 11.18% 9.90% 9.78% 10.00% 9.72% 2020 2021 6M22 2022 6M23 CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio Preliminary figures of Jun. 2023 BIS of Union Bank standalone. 19