United Overseas Bank Limited · SGX:U11
United Overseas Bank — Shareholder Meeting (April 2024)
11 slides from United Overseas Bank's shareholder meeting presentation, Apr 18, 2024
Slide 1: Building the Future of ASEAN
82nd UOB Annual General Meeting Building the Future of ASEAN Wee Ee Cheong Deputy Chairman and Chief Executive Officer 18 April 2024 Private and Confidential
Slide 2: Agenda
Time Agenda Topic Presenter 1. 2023 Performance Review 2. ASEAN’S Potential 3. Key Opportunities Build and Rebuild Farhan Siki Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities current at the date of the presen
Slide 3: Maintaining resilience and financial strength
Maintaining resilience and financial strength Core Net Profit1 Core Operating Profit1 Gross Customer Loans Customer Deposits $6.1 billion $8.2 billion $321 billion $385 billion +26% +24% +0.5% +5% Total Assets Non-performing Loan Net Stable Funding Common Equity Tier 1 Ratio Ratio $524 billion Ratio
Slide 4: ASEAN’s Potential
ASEAN’s Potential 4
Slide 5: Despite global uncertainties, our long-term focus remains
Despite global uncertainties, our long-term focus remains Resilient growth of Asia Diversification of global supply chains Rising middle class and new investments UOB’s growth engines in place for us to ride on these mega trends We are in strong position to capture opportunities 5
Slide 6: Key Opportunities
Key Opportunities 6
Slide 7: Scaling up our retail business
Scaling up our retail business Citi integration progress • Integration completed in Malaysia and Indonesia, with Thailand completing this month and Vietnam next year • Group customer base grew 45%, with more than 8 million customers today and on track to hit 10 million by 2026 • Focus on cross-sell
Slide 8: UOB’s strength in connectivity
UOB’s strength in connectivity Cross-border revenue Aim to become the #1 cross-border trade bank for ASEAN from connectivity expertise • Well-placed to capture trade and investment flows, with extensive footprint across +9% ASEAN and Greater China presence • Invested $800 million so far to boost cap
Slide 9: Helping businesses capture opportunities in sustainability
Helping businesses capture opportunities in sustainability Growing businesses responsibly • Seeing more sustainability adoption, from green buildings to sector-wide economic activities • Extended $44.5 billion in sustainable financing as of last year Responsible financial steward to help build the f
Slide 10: People and culture are our greatest assets
People and culture are our greatest assets Culture as our key differentiator • Employee experience focused on care, growth and trust • Growing our own timber to build on the Bank’s legacy • UOB’s DNA anchored on values of Honour, Unity, Committment and Enterprise. • To bring long-term value to our c
Slide 11: Right By You
Right By You
United Overseas Bank — Shareholder Meeting (April 2024) on 6ix