Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — FY2017 Earnings Presentation
71 slides from Cimb Group Holdings Bhd's earnings presentation, Feb 28, 2018
Slide 1: Analyst Presentation FY17 Results
CIMB Group Analyst Presentation FY17 Results 28 February 2018
Slide 2: Agenda
Agenda 1. Key Highlights 2. CIMB Group FY17 Financials 3. PBT by Segment 3.1 Regional Consumer Banking 3.2 Regional Commercial Banking 3.3 Regional Wholesale Banking 3.4 Group Asset Management & Investments 3.5 Group Funding 3.6 CIMB Islamic 4. T18 Updates 5. Other Highlights 6. Final Remarks 2
Slide 3: 1. Key Highlights
CIMB Group : FY17 Results 1. Key Highlights
Slide 4: Key Financial Highlights
Key Financial Highlights Operating Income (RM ‘mil) Overhead Expenses (RM ‘mil) Loan Impairment (RM ‘mil) +9.7% Y-o-Y +5.6% Y-o-Y -7.4% Y-o-Y -2.7% Q-o-Q +2.1% Q-o-Q +1.8% Q-o-Q Net Profit (RM ‘mil) Gross Loans * (RM ‘bil) Deposits (RM ‘bil) +25.6% Y-o-Y +0.2% Y-o-Y +5.5% Y-o-Y -6.4% Q-o-Q +0.8% Q-o
Slide 5: Key Ratios
Key Ratios ROE NIM CI +130bps Y-o-Y -210bps Y-o-Y -70bps Q-o-Q Flat -7bps Q-o-Q -20bps Q-o-Q LD Loan Loss Charge CET 1 -480bps Y-o-Y +90bps Y-o-Y -5bps Y-o-Y -2bps Q-o-Q +20bps Q-o-Q -120bps Q-o-Q 5
Slide 6: Key Business / Operational Highlights
Key Business / Operational Highlights Consumer PBT Growth Consumer Thailand PBT Indonesia Provisions RM ‘mil THB ‘mil RM ’mil +23.7% CAGR -13.6% CAGR 2015 2016 2017 Islamic PBT ASEAN Local Currency Bonds Productivity RM ’mil (USD ’mil) RM ’mil PBT growth driven by Islamic First CIMB Ranked No.1 for
Slide 7: PBT By Segments
PBT By Segments FY17 FY16 FY17 PBT Growth by Key Divisions Consumer Commercial Wholesale Group Asset Group Banking Banking Banking Management Funding & Investments PPOP Y-o-Y +12.3% +12.2% +13.8% +33.1% +32.5% PBT Y-o-Y +11.8% -18.1% +53.0% -39.4% +50.5% PBT Q-o-Q -9.3% -231.3% +18.9% +428.6% +1.8%
Slide 8: PBT By Country
PBT By Country FY17* FY16* FY17* PBT Y-o-Y Growth by Key Countries PPOP Y-o-Y +15.1% +5.5% +4.7% +34.1% PBT Y-o-Y +10.7% +48.5% +>1,000% +46.9% PBT Q-o-Q +22.0% +18.2% -147.8% -13.3% 8 Notes: * Excluding HQ costs, which mainly comprise of funding costs
Slide 9: Performance vs 2017 Targets
Performance vs 2017 Targets FY17 FY17 Target ROE 9.6% 9.5% Dividend Payout Ratio 51% 40% - 60% Total Loans Growth * 0.2% 7.0% Loan Loss Charge 0.69% 0.60% - 0.65% CET 1 (CIMB Group) 12.2% >11.5% Cost to income 51.8% <53.0% 9 Notes: * Excluding bad bank
Slide 10: 2. CIMB Group FY17 Financials
CIMB Group : FY17 Results 2. CIMB Group FY17 Financials
Slide 11: Yearly Earnings Trend
Yearly Earnings Trend Average BAU ROE from 2013 – 2017 10.0% Private Placement *RM ’bil Notes: FY15: 1Q15 Excluding IB restructuring cost (RM202 mil) 2Q15 Excluding MY MSS cost (RM316 mil) and tax on MY MSS (RM79 mil ) 3Q15 Excluding ID MSS cost (RM134 mil) and tax and MI on ID MSS (RM36 mil) 4Q15:
Slide 12: Earnings Summary
Earnings Summary (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 12,207 11,263 8.4% 2,994 3,049 (1.8%) Non interest income 5,419 4,802 ^ 12.8% 1,521 1,374 10.7% Operating income 17,626 16,065 9.7% 4,515 4,423 2.1% Overhead expenses (9,133) (8,651) 5.6% (2,307) (2,267) 1.8% PPOP 8,493 7
Slide 13: Key Ratios
Key Ratios (%) FY17 FY16 ^ Y-o-Y 4Q17 3Q17 Q-o-Q ROE ~ 9.6 8.3 8.8 9.5 NIM ~** 2.63 2.63 2.53 2.60 Non-interest income / total income 30.7 29.9 33.7 31.1 Cost to income 51.8 53.9 51.1 51.3 Allowance coverage # 70.5 79.8 70.5 72.4 Loan loss charge ~ 0.69 0.74 0.71 0.73 Gross impaired loans ratio 3.4
Slide 14: Operating Expenses
Operating Expenses (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Personnel 5,254 4,821 9.0% 1,336 1,314 1.7% Establishment 2,130 2,108 1.0% 479 546 (12.3%) Marketing 302 311 (2.9%) 90 63 42.9% Admin & General 1,447 1,411 2.6% 402 344 16.9% Total 9,133 8,651 5.6% 2,307 2,267 1.8% Cost to income 51.8% 53.
Slide 15: Gross Loans Growth
Gross Loans Growth Loans by Country as at 31 Dec 17 # Divisions / Products (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Consumer Banking (52.2%) 167.6 161.1 4.0% 166.1 0.9% Mortgages 86.7 80.2 8.1% 85.8 1.0% Term Loans 35.7 36.2 (1.4%) 35.4 0.8% Auto 19.4 19.7 (1.5%) 19.5 (0.5%) Credit Cards
Slide 16: Deposits Growth
Deposits Growth Deposits by Country as at 31 Dec 17 Divisions / Products (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Consumer Banking (46.2%) 164.8 151.0 9.1% 166.4 (1.0%) Commercial Banking (12.8%) 45.8 45.4 0.9% 45.3 1.1% Wholesale Banking # (41.0%) 146.4 142.1 3.0% 142.3 2.9% Total * 357.
Slide 17: CASA Growth
CASA Growth CASA by Country as at 31 Dec 17 Country (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia 68.6 63.1 8.7% 67.2 2.1% Indonesia ** 29.8 30.7 (2.9%) 31.3 (4.8%) Thailand 7.7 10.6 (27.4%) 8.4 (8.3%) Singapore 16.4 14.1 16.3% 16.0 2.5% Others + 2.4 2.3 4.3% 2.7 (11.1%) Total * 124.9
Slide 18: Capital and Liquidity Management: CIMB Group
Capital and Liquidity Management : CIMB Group Capital LCR Ratios 12.0% 12.2% CIMB Bank 11.9% CET1 11.3% 11.5% Global # 12.9% 13.0% 13.4% 13.5% 13.6% CIMB Islamic Tier 1 CIMB Niaga 16.3% 16.4% 16.8% 16.6% Total 16.5% Capital CIMB Thai Dec-16* Mar-17 * Jun-17^ Sep-17^ Dec-17~ Notes: # Includes CIMB Ba
Slide 19: 3.1 Regional Consumer Banking
CIMB Group : FY17 Results 3.1 Regional Consumer Banking
Slide 20: Consumer Banking
Consumer Banking (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 5,842 5,418 7.8% 1,429 1,485 (3.8%) Non interest income 2,059 1,833 12.3% 536 547 (2.0%) Operating income 7,901 7,251 9.0% 1,965 2,032 (3.3%) Overhead expenses (4,393) (4,126) 6.5% (1,121) (1,117) 0.4% PPOP 3,508 3,125 12
Slide 21: Consumer Banking: Gross Loans
Consumer Banking : Gross Loans Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 130.1 121.1 7.4% 126.8 2.6% Indonesia (IDR ‘bil) 48,635 52,130 (6.7%) 49,599 (1.9%) Thailand (THB ‘bil) 110.9 102.9 7.8% 111.0 (0.1%) Singapore (SGD ‘mil) 2,768 2,923 (5.3%) 2,856 (3.1%) Others * (RM
Slide 22: Consumer Banking: Deposits
Consumer Banking : Deposits Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 103.3 89.3 15.7% 102.0 1.3% Indonesia (IDR ‘bil) 95,772 93,677 2.2% 96,571 (0.8%) Thailand (THB ‘bil) 99.2 105.6 (6.1%) 104.3 (4.9%) Singapore (SGD ‘mil) 6,673 5,648 18.1% 6,645 0.4% Others * (RM ‘bil) 1
Slide 23: 3.2 Regional Commercial Banking
CIMB Group : FY17 Results 3.2 Regional Commercial Banking
Slide 24: Commercial Banking
Commercial Banking (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 1,767 1,685 4.9% 442 433 2.1% Non interest income 416 338 23.1% 102 96 6.3% Operating income 2,183 2,023 7.9% 544 529 2.8% Overhead expenses (1,155) (1,107) 4.3% (282) (285) (1.1%) PPOP 1,028 916 12.2% 262 244 7.4% (Pro
Slide 25: Commercial Banking: Gross Loans
Commercial Banking : Gross Loans Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 17.8 16.1 10.6% 17.1 4.1% Indonesia (IDR ‘bil) 34,986 33,803 3.5% 34,684 0.9% Thailand (THB ‘bil) 36.8 41.3 (10.9%) 37.2 (1.1%) Singapore (SGD ‘mil) 2,931 2,588 13.3% 2,880 1.8% Others * (RM ‘bil) 1
Slide 26: Commercial Banking: Deposits
Commercial Banking : Deposits Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 21.8 18.4 18.5% 20.9 4.3% Indonesia (IDR ‘bil) 37,715 34,319 9.9% 36,072 4.6% Thailand (THB ‘bil) 15.7 13.1 19.8% 14.3 9.8% Singapore (SGD ‘mil) 3,252 4,323 (24.8%) 3,392 (4.1%) Others * (RM ‘bil) 0.9
Slide 27: 3.3 Regional Wholesale Banking
CIMB Group : FY17 Results 3.3 Regional Wholesale Banking
Slide 28: ASEAN Capital Markets Activities
ASEAN Capital Markets Activities Industry ASEAN ECM Industry ASEAN DCM USD ‘mil USD ‘bil +29.3% Y-o-Y +22.7% Y-o-Y Industry ASEAN IPO Industry ASEAN M&A USD ‘mil USD ‘bil -60.6% Y-o-Y +75.4% Y-o-Y Sources: Bloomberg and Dealogic 28
Slide 29: Wholesale Banking
Wholesale Banking (RM ’mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 3,659 3,435 6.5% 901 901 - Non interest income 2,299 1,980 16.1% 699 564 23.9% Total Income 5,958 5,415 10.0% 1,600 1,465 9.2% Overhead expenses (2,826) (2,664) 6.1% (747) (673) 11.0% PPOP 3,132 2,751 13.8% 853 792 7.7%
Slide 30: Wholesale Banking: Corporate Banking
Wholesale Banking : Corporate Banking (RM ’mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 2,576 2,422 6.4% 643 639 0.6% Non interest income 541 673 (19.6%) 173 124 39.5% Operating income 3,117 3,095 0.7% 816 763 6.9% Overhead expenses (1,027) (1,064) (3.5%) (266) (236) 12.7% PPOP 2,090 2,0
Slide 31: Wholesale Banking: Gross Loans
Wholesale Banking : Gross Loans Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 36.0 36.7 (1.9%) 35.6 1.1% Indonesia (IDR ‘bil) 101,514 94,231 7.7% 94,521 7.4% Thailand (THB ‘bil) 57.9 55.7 3.9% 52.3 10.7% Singapore (SGD ‘mil) 5,300 5,784 (8.4%) 5,654 (6.3%) Others * (RM ‘bil) 1
Slide 32: Wholesale Banking: Deposits
Wholesale Banking : Deposits Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 68.2 57.7 18.2% 65.4 4.3% Indonesia (IDR ‘bil) 55,830 52,575 6.2% 54,604 2.2% Thailand (THB ‘bil) 62.5 65.0 (3.8%) 55.7 12.2% Singapore (SGD ‘mil) 1,668 1,499 11.3% 1,093 52.6% Others * (RM ‘bil) 8.4 10
Slide 33: Wholesale Banking: Treasury & Markets
Wholesale Banking : Treasury & Markets (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 841 775 8.5% 198 201 (1.5%) Non interest income 818 475 72.2% 204 213 (4.2%) Operating income 1,659 1,250 32.7% 402 414 (2.9%) Overhead expenses (796) (600) 32.7% (209) (200) 4.5% PPOP 863 650 32.8%
Slide 34: Wholesale Banking: Investment Banking
Wholesale Banking : Investment Banking (RM ’mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 242 238 1.7% 60 61 (1.6%) Non interest income 940 832 13.0% 322 227 41.9% Operating income 1,182 1,070 10.5% 382 288 32.6% Overhead expenses (1,003) (1,000) 0.3% (272) (237) 14.8% PPOP 179 70 155.7%
Slide 35: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) FY17 FY16 FY17 FY16 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 9.9% 2 10.4% 2 Cash Equities 4.2% 3 4.2% 3 IPO 19.0% 1 26.9% 1 IPO 10.3% 3 - - ECM 33.2% 1 20.6% 2 ECM 4.8% 9 1.1% 12 M&A 4.3% 2 8.9% 2 M&A 1.6% 7 - - Syndication
Slide 36: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) FY17 FY16 FY17 FY16 ASEAN Market Market Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 6.3% 2 6.6% 2 Cash Equities 0.2% 84 0.3% 55 IPO 6.2% 1 3.0% 11 IPO 0.1% 75 0.4% 36 ECM 9.6% 1 5.6% 5 ECM 0.1% 90 0.6% 37 M&A 3.1% 17 1.6% 30 M&A 0.2% 56 0.2
Slide 37: 3.4 Group Asset Management & Investments
CIMB Group : FY17 Results 3.4 Group Asset Management & Investments
Slide 38: Group Asset Management & Investments
Group Asset Management & Investments PBT (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Public Markets 138 105 31.4% 42 31 35.5% Private Markets (6) 113 (105.3%) (5) (24) 79.2% Direct Investments & Others (21) 115 (118.3%) (7) (25) 72.0% Private Equity Fund Management 16 34 (52.9%) 1 2 (50.0%) Passive Fu
Slide 39: 3.5 Group Funding
CIMB Group : FY17 Results 3.5 Group Funding
Slide 40: Group Funding
Group Funding (RM ’mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 909 687 32.3% 214 222 (3.6%) Non interest income 154 207 (25.6%) 29 54 (46.3%) Total Income 1,063 894 18.9% 243 276 (12.0%) Overhead expenses (455) (435) 4.6% (78) (113) (31.0%) PPOP 608 459 32.5% 165 163 1.2% (Provisions) /
Slide 41: 3.6 CIMB Islamic
CIMB Group : FY17 Results 3.6 CIMB Islamic
Slide 42: Group Islamic: Earnings Summary
Group Islamic : Earnings Summary (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net financing income 1,542 1,296 19.0% 409 392 4.3% Non financing income 524 380 37.9% 185 117 58.1% Operating income 2,066 1,676 23.3% 594 509 16.7% Overhead expenses (695) (616) 12.8% (180) (176) 2.3% PPOP 1,371 1,060 29.3%
Slide 43: Malaysia: CIMB Islamic
Malaysia : CIMB Islamic Islamic Financing and Deposits Islamic Residential Mortgages RM ‘bil RM ‘mil +13.0% CAGR +13.9% CAGR +12.8% CAGR +21.9% Y-o-Y +22.9% Y-o-Y +20.0% Y-o-Y Ranking of Total Islamic Assets as at 30 Sep 2017 FY17 FY16 Sukuk Total Assets Market Market Market Rank Company Rank Rank R
Slide 44: 4. T18 Updates
CIMB Group : FY17 Results 4. T18 Updates
Slide 45: T18 Financial Targets Scorecard
T18 Financial Targets Scorecard T18 Financial Progress T18 Targets Highlights 2015 2016 2017 58.1% 57.4% CI ratio Cost-to- 55.4% 55.4% improving Income 53.9% 50% 53.6% 53.2% 52.6% 52.3% within 51.7% 51.3% 51.1% expectations 11.9% 12.0% 12.2% Capital and CET1 11.3% 11.5% RWA 10.7% 10.9% 12% optimisat
Slide 46: Cost and Productivity
Cost and Productivity JAWs continue to show improvement CIMB Group JAW Ratio Multi prong focus to improve efficiency including: Headcount management Procurement transformation Branch productivity Space optimisation Digital initiatives FY14 FY15 FY16 FY17 (BAU) (BAU) Consumer Banking CI Rat
Slide 47: Digital Initiatives
Digital Initiatives Strong momentum for various digital initiatives Overall strong revenue uplift performance for Digital Sales Enablement across MY, ID, TH and SG Digital Sales Enablement Revenue MY ID TH SG RM ‘mil +200.9% Y-o-Y +133.5% Y-o-Y +>1000.0% Y-o-Y +463.6% Y-o-Y Fintech Digital Bank Focu
Slide 48: T18 Progress: Other 4Q17 Updates
T18 Progress : Other 4Q17 Updates Transaction Banking HR Initiatives Successful partnership with Alipay - the highest CIMB Group is now part of Willis Towers Watson's transaction value processed in the banking industry Global Benchmark in employee engagement Continuous focus on product innovation an
Slide 49: 5. Other Highlights
CIMB Group : FY17 Results 5. Other Highlights
Slide 50: Footprint Expansion
Footprint Expansion Strengthening CIMB’s regional proposition and capturing long term growth opportunities in high potential emerging economies Vietnam Philippines 100%-owned banking subsidiary fully On 16 Nov 2017, BSP approved CIMB’s established application to establish a branch in Philippines wit
Slide 51: China Galaxy-CIMB Securities
China Galaxy-CIMB Securities CIMB Securities International Pte Ltd ("CSI") Completed sale of 50% of CSI on 18 Jan 2018 to China Galaxy Securities for c.SGD167 million (c.RM500 million) Estimated gain on disposal of RM150 million to be recognised in 2018 Estimated uplift to CET1 of around 10bps and C
Slide 52: Partnerships
Partnerships Signed agreements with Principal Financial Group (PFG) to increase PFG's stake in CIMB Principal Asset Management and CIMB Principal Islamic Asset Management to 60% with CIMB retaining 40% ownership in both Touch ‘n Go, 52.22% subsidiary of CIMB, entities entered into a JV with Alipay S
Slide 53: Corporate Responsibility (1)
Corporate Responsibility (1) CIMB Foundation Regional CSR Implementing Pre-school education to rural Let’s Save and Share (Ayo Menabung Dan Berbagi) communities at Long Jaik, Sarawak Participation of approx. 6,720 students from Provide early childhood education to 60 children elementary schools, jun
Slide 54: Corporate Responsibility (2)
Corporate Responsibility (2) CIMB Foundation 10th Launch of CIMB Foundation – Launch of CIMB Mozek Camp at Anniversary Junior Cycling Malaysia Pasir Gudang, Johor CIMB Young ASEAN Leaders “Let’s Save and Share” for 4 ICT programme and library at 2017 schools in Semarang, Indonesia Bann Sum Par Hun,
Slide 55: Corporate Responsibility (3)
Corporate Responsibility (3) Bigger spend Diversity and Inclusion - CIMB Sports Commitment to allocate up to 1% Mozek Launched Junior Cycling Malaysia of CIMB Group’s annual PBT in the School holiday camps in in partnership with Majlis Sukan next 3 years for regional CSR collaboration with Teach For
Slide 56: 6. Final Remarks
CIMB Group : FY17 Results 6. Final Remarks
Slide 57: Targets for 2018
Targets for 2018 FY18 ROE 10.5% Dividend Payout Ratio 40% - 60% Total Loans Growth * 6.0% Loan Loss Charge 0.55% - 0.60% CET 1 (CIMB Group) 12.0% Cost to income 50.0% 57 Note: *Excluding bad bank
Slide 58: Final Remarks
Final Remarks Optimistic about 2018 with continued momentum in Malaysia. Further improvements in asset quality and loans growth across Indonesia, Thailand and Singapore On track to meet T18 targets 2018 focus areas include: Execution of digital strategy in new markets; Optimisation of partnerships –
Slide 59: Thank You
THANK YOU 59
Slide 60: Appendices
CIMB Group : FY17 Results Appendices
Slide 61: Consumer Banking Key Highlights
Consumer Banking Key Highlights Y-o-Y Q-o-Q Y-o-Y Q-o-Q Consumer Gross Loans * 7.4% 2.6% Consumer Gross Loans (6.7%) (1.9%) Mortgages 11.1% 2.9% Mortgages 12.0% 1.9% Term loans 2.3% 2.3% Auto (41.1%) (14.0%) Auto 2.9% 0.7% Credit cards (1.2%) 1.0% Credit cards 5.4% 5.4% Consumer Deposits 2.2% (0.8%)
Slide 62: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes (RM ‘mil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Cash & short term funds 41,668 26,710 56.0% 42,140 (1.1%) Securities purchased under resale agreements 6,485 5,315 22.0% 5,580 16.2% Deposits & placements with financial institutions 4,055 2,308 75.7% 6,133 (33.9%
Slide 63: PBT by Segments
PBT by Segments PBT (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Consumer Banking (42.0%) 2,567 2,296 11.8% 652 719 (9.3%) Commercial Banking (3.9%) 236 288 (18.1%) (42) 32 (231.3%) Wholesale Banking (42.0%) 2,567 1,678 53.0% 722 607 18.9% Corporate Banking (25.9%) 1,585 984 61.1% 459 345 33.0% Treasur
Slide 64: PPOP by Segments
PPOP by Segments PPOP (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Consumer Banking (41.3%) 3,508 3,125 12.3% 844 915 (7.8%) Commercial Banking (12.1%) 1,028 916 12.2% 262 244 7.4% Wholesale Banking (36.9%) 3,132 2,751 13.8% 853 792 7.7% Corporate Banking (24.6%) 2,090 2,031 2.9% 550 527 4.4% Treasury
Slide 65: Asset Quality Ratios – CIMB Group
Asset Quality Ratios – CIMB Group 84.2% 84.7% 84.8% 83.5% 82.7% 80.6% 79.8% 79.6% 83.6% 77.9% 76.6% 84.4% 84.4% 77.6% 83.0% 81.8% 80.0% 79.3% 72.4% 79.0% 77.0% 76.9% 70.5% 75.6% 71.7% 69.8% 3.3% 3.4% 3.2% 3.3% 3.5% 3.4% 3.1% 3.2% 3.0% 3.0% 3.2% 3.2% 3.2% 3.2% 3.3% 3.3% 2.8% 2.9% 3.1% 2.9% 3.0% 3.1%
Slide 66: AFS MTM (Q-o-Q) Position
AFS MTM (Q-o-Q) Position Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
Slide 67: CIMB Niaga: Earnings Summary
CIMB Niaga : Earnings Summary (IDR ‘bil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 12,403 12,094 2.6% 3,034 3,040 (0.2%) Non interest income 3,353 3,098 8.2% 1,034 913 13.3% Operating income 15,756 15,192 3.7% 4,068 3,953 2.9% Overhead expenses (7,521) (7,368) 2.1% (1,932) (1,837) 5.2% PPO
Slide 68: CIMB Niaga: Key Ratios
CIMB Niaga : Key Ratios (Consolidated, %) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q ROE ^ 8.3 6.5 8.5 9.0 NIM ^ 5.60 5.64 5.20 5.50 Cost to Income 47.7 48.5 47.5 46.5 Loan Loss Coverage # 107.2 117.7 107.2 115.1 Allowance Coverage 77.5 86.1 77.5 85.5 Loan Loss Charge ^ 2.2 2.6 2.0 2.3 Gross Impaired Loans Rat
Slide 69: CIMB Thai: Earnings Summary
CIMB Thai : Earnings Summary Before GAAP Adjustments FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q (THB ‘mil) Net interest income 10,202 9,866 3.4% 2,598 2,627 (1.1%) Non interest income 2,952 3,062 (3.6%) 718 828 (13.3%) Operating income 13,155 12,928 1.8% 3,316 3,455 (4.0%) Overhead expenses (7,613) (7,424) 2.6
Slide 70: CIMB Thai: Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q ROE ^ 1.3 (2.3) (2.0) 0.9 NIM ^ 3.89 3.77 3.91 4.00 Cost to Income 57.9 57.4 65.8 58.3 Loan Loss Coverage ** 93.2 77.3 93.2 85.1 Loan Loss Charge ^ 2.4 3.1 2.5 2.6 Gross NPL ratio ** 4.8 6.1 4.8 5.7 Net NPL ratio ** 2.4 3.5 2.4
Slide 71: 4Q17 Notable Deals
4Q17 Notable Deals DCM DCM Southern Power Generation Sdn Bhd Government Government Housing Bank Southern Power RM3.665 bil Sukuk Wakalah Housing THB22.3 bil Senior Unsecured Bonds Generation Bank PR1MA Corporation Malaysia ECM Islamic Medium Term Notes Programme of up to RM5.0 bil in nominal value i
CIMB Group Holdings Berhad — FY2017 Earnings Presentation on 6ix