Ammb Holdings Bhd. · MYX:AMBANK
Ammb Holdings Bhd — FY2025 Earnings Presentation
37 slides from Ammb Holdings Bhd's earnings presentation, May 26, 2025
Slide 1: FY2025 Results Investor Presentation
FY2025 RESULTS (31 MARCH 2025) INVESTOR PRESENTATION 26 MAY 2025
Slide 2: GCEO Presentation
GCEO PRESENTATION Jamie Ling 3 FY25 Financial Snapshot 4 Loans by Stages 5 Outlook for CY2025 6 Financial Overview
Slide 3: FY25 Financial snapshot
Financial Snapshot (Reported) FY25 Financial snapshot Strong end to FY25, delivering RM2.0 bil PATMI and a dividend increase of FY25 Reported Financials Variance 34% YoY • NII grew 8% led by NIM improvement of 15bps YoY to 1.94% (FY24: 1.79%) 4,929 • NoII grew 1% driven by broad-based fee income gro
Slide 4: Portfolio quality stable heading into tariffs uncertainties
Loans Portfolio quality stable heading into tariffs uncertainties Loans by ECL Stages (RM’ bil) Breakdown by Business Segments (%)1 Stage 1 Stage 1 Stage 2 Stage 3 138.9 WB 134.1 134.5 137.1 130.8 131.3 132.7 1.5% RB 129.0 1.7% 1.7% 1.7% 1.6% 1.7% 1.7% 7.8% BB 93.31% 1.7% 7.6% 8.2% 8.7% 93.73% 9.9%
Slide 5: Outlook for CY2025 - US tariffs impact on global economic growth yet to be seen
Market Outlook Outlook for CY2025 - US tariffs impact on global economic growth yet to be seen GDP Growth 3.5% to 4.5% Inflation 1.8% to 2.3% Malaysia Unemployment Rate 3.2% USD/MYR Outlook 4.40 to 4.50 Loans Growth 5.0% to 6.0% Banking Asset Quality Stable Sector OPR 2.75% Liquidity & Capital Posit
Slide 6: Q4FY25 Financial Overview: NIM 1.96%, PATMI +6%, Capital position solid
Financial Overview (QoQ) Q4FY25 Financial Overview: NIM 1.96%, PATMI +6%, Capital position solid 1 Q4FY25 Results (QoQ) • Income of RM1,281mil (Q3FY25: RM1,241mil), up 3% QoQ - NII fell 2% to RM895mil (Q3FY25: RM913mil) while NIM maintained at 1.96% (Q3FY25: 1.96%) - NoII grew 18% to RM387mil (Q3FY2
Slide 7: FY25 Performance Summary – RM514m Q4FY25 PATMI, highest quarter for the year
Financial Overview (Reported) FY25 Performance Summary – RM514m Q4FY25 PATMI, highest quarter for the year P&L (RM’ mil) Q3FY25 Q4FY25 QoQ Change FY24 FY25 YoY Change Total Income 1,241 1,281 3% 4,647 4,929 6% - NII 913 895 (2%) 3,304 3,570 8% - NOII 328 387 18% 1,342 1,359 1% Expenses (
Slide 8: FY25 Balance Sheet – Highly liquid and well capitalised
Financial Overview (Reported) FY25 Balance Sheet – Highly liquid and well capitalised Balance Sheet (RM’ bil) Q3FY25 Q4FY25 QoQ Change FY24 FY25 YoY Change Gross Loans 137.1 138.9 1% 134.1 138.9 4% GIL 1.67% 1.54% (0.13%) 1.67% 1.54% (0.13%) LLC (include Reg Reserves) 101.8% 103.6% 1.8% 10
Slide 9: P&L walk – Broad-based income growth and lower impairment charges driving PATMI
Group P&L P&L walk – Broad-based income growth and lower impairment charges driving PATMI YoY Growth 8% 5% 7% 7% 7% (56%) 17% 15% 9% (100%) 7% Discont’d PATMI: (26) 68 186 265 (78) 2,001 - 2,001 1,868 25 1,842 (146) (136) (51) Reported Minority AmGen Cont'd NII NoII Total Expen
Slide 10: Good income growth
Income Good income growth Business Segments Q3FY25 Q4FY25 QoQ Change FY24 FY25 YoY Change (RM’ mil) Wholesale Banking 308 388 26% 1,173 1,296 10% Investment Banking 98 95 (3%) 371 389 5% Retail Banking 1 364 330 (9%) 1,458 1,420 (3%) Business Banking1 465 444 (5%) 1,620 1,778 10% Oth
Slide 11: Margins improved 15bps YoY to 1.94%
NIM Margins improved 15bps YoY to 1.94% YoY NIM FY25: Net Interest Margin (NIM) Movement (YoY) Reported: 1.94% ( 15bps ) FY24: Reported: 1.79% Assets bps 15bps 4.1 1.9 14.6 0.4 (0.1) (0.6) 194 179 (4.9) FY24 Retail Wholesale Investment Business Asset mix Deposits & Debts Others 3 FY25 1 Banking
Slide 12: Broad-based fee income growth from BB, Wealth, IB & Insurance
NoII Broad-based fee income growth from BB, Wealth, IB & Insurance Composition 6% 16% 29% 10% 5% 15% 10% 7% 2% 100% YoY Growth (9%) (18%) 8% 22% (13%) 7% 2% >100% (1%) 5% (100%) 1% 1,342 65 1,359 - 1,359 1,291 29 25 13 2 (0) (51) (8) (48) (10) Reported AmGen Cont'd Corporate
Slide 13: Higher expenses driven by personnel costs, CTI of 44.6%
Expenses Higher expenses driven by personnel costs, CTI of 44.6% Business Segments Q3FY25 Q4FY25 QoQ Change FY24 FY25 YoY Change (RM’ mil) Wholesale Banking 93 95 2% 353 365 4% Investment Banking 64 68 7% 227 249 10% Retail Banking1 242 244 1% 940 967 3% Business Banking 1 146 152 4% 5
Slide 14: Strong end to the year, highest quarterly PBP and PATMI
PBP & PATMI Strong end to the year, highest quarterly PBP and PATMI Business Segments Q3FY25 Q4FY25 QoQ Change FY24 FY25 YoY Change (RM’ mil) Wholesale Banking 214 292 36% 821 930 13% Investment Banking 34 26 (23%) 144 140 (3%) Retail Banking 1 122 87 (29%) 518 453 (13%) Business Banking
Slide 15: Strong growth in BB (+12%) and WB (+7%), RB de-risking (-2%)
Loans Strong growth in BB (+12%) and WB (+7%), RB de-risking (-2%) Gross Loans Movement (RM’ bil) Breakdown by rate sensitivity: Breakdown by concept: Breakdown by customers’ type: Fixed rate – 19% Islamic – 34% Retail – 49% Variable rate –81% Conventional – 66% Non-retail – 51% Composition 15% 35%
Slide 16: Net credit cost reduced to 16bps
Asset Quality Net credit cost reduced to 16bps Overlay: Q1FY25: 38.8 Q2FY25: (21.7) Net Impairment (YoY Movement) (RM’mil) Q3FY25: (5.4) 769.7 Q4FY25: (74.1) 46.2 222.4 552.0 (76.2) 329.6 (440.2) 7.1 206.4 (306.6) (16.0) 143.9 (62.5) Reported One-off Excluding Overlay Before ECL Forward ECL Recoveri
Slide 17: Improved asset quality
Asset Quality Improved asset quality Impaired Loans by Sector Collateralisation of Portfolios Mar’24 Dec’24 Mar’25 YoY QoQ Performing loans – 98.46% Sector Composition RM’ mil RM’ mil RM’ mil Movement Movement Agriculture 6 13 13 1% >100% 2% Mining and 50 48 40 2% (20%) (16%) quarrying Manuf
Slide 18: Liquidity position good
Deposits Liquidity position good Deposits1 (RM’ bil) CASA (RM’ bil) and CASA Composition (%)1 Customer Deposits Trend YoY Growth Industry CASA Trend YoY Growth Industry FY25 141.5 (1%) 3%2 FY25 51.0 (3%) 3%2 FY24 142.4 9% 5%3 FY24 52.8 8% 7%3 FY23 130.3 6% 5%3 FY23 48.8 13% (
Slide 19: CET1 post-dividend remained strong
Capital CET1 post-dividend remained strong RWA/Total Assets Capital Adequacy Ratios3 1 Total Assets RWA/Total Assets Peers CET 1 / Tier 1 TCR SA approach FIRB2 SA approach FIRB2 67.4% (without TA) 62.7% 63.3% 58.0% 17.92% 17.82% 18.02% 17.62% 17.49% 56.8% 16.30% 16.52% 54.9% 55.3% 55.3% RM’ bil 15.1
Slide 20: FY25 Closing Remarks
Summary FY25 Closing Remarks FINANCIAL PERFORMANCE CREDIT PROFILE ▪ Achieved record high PATMI of RM2.0 billion ▪ Loan Loss Coverage* at 103.6% ▪ NIM expanded by 15bps YoY to 1.94% ▪ Overlays of RM439 mil ▪ 10% ROE and ROA of 1.02% ▪ GIL improved by 13bps to 1.54% * Including Regulatory Reserves BAL
Slide 21: Thank You
THANK YOU PRINCIPLED ‘APPRECIATIVE (on : COLLABORATIVE EXPERIMENTAL Biba st 11 Be
Slide 22: P&L – Continuing & Discontinued Operations
Appendix P&L – Continuing & Discontinued Operations Year-on-Year (YoY) FY24 FY25 YoY Movement Continuing Discontinued Continuing Discontinued Reported Reported Continuing Discontinued RM’mil Operations Operation Operations Operation Reported (A) + (B) (A) + (B) Operations Operation (A) (B) (A) (B) I
Slide 23: Reported yearly performance
FY25 Results (Reported) Reported yearly performance PATMI (RM’mil) & ROE (%) Total Income (RM’mil) and Non-interest Income (%) Total Income: PATMI: ROE: CAGR FY22-FY25: 1.9% YoY Growth 7.1% YoY Growth ≈ YoY Growth 6.1% PATMI ROE Total Income Non-Interest Income % 9.8% 10.0% 10.0% 30% 29% 28% 9
Slide 24: (Impairments) / Recoveries
Asset Quality (Impairments) / Recoveries Net (Impairments) / Recoveries and GIL Ratio Total impairments by category (RM’ mil) Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 QoQ Change FY24 FY25 YoY Change ECL Stage 1 & 2 – Non defaulted (32) 18 5 57 (33) 15 (3) 23 >100% 49 2 (96%) ECL S
Slide 25: Divisional Performance
Divisional Performance PRINCIPLED PROACTIVE APPRECIATIVE COLLABORATIVE aie
Slide 26: Wholesale Banking
Wholesale Banking Wholesale Banking Total Income (YoY Movement) and Assets by Line of Business PAT Trend (RM’ mil) QoQ Growth: 37% YoY Growth: 11% Total Income 10% FY24: 755 FY25: 841 RM1,296 mil 262 233 241 (4%) 188 167 167 176 Transaction 162 Banking (12%) 17% Transaction Banking Corpora
Slide 27: Wholesale Banking
Wholesale Banking Wholesale Banking Income Statement YoY Growth 22% (16%) 10%≈ 4% 13% 8% 12% 16% 11% 178 11 841 755 (56) (13) (35) Net Interest Non-Interest Impairment RM' mil Total Income Expenses PBP PBT Tax & Zakat PAT Income Income write-back FY25 992 303 1,296 (365) 930 161 1,
Slide 28: Investment Banking
Investment Banking Investment Banking League Table PAT Trend (RM’ mil) Market Share1 As At Rank2 QoQ Growth: (14%) 31 Mar 2025 YoY Growth: 38% DCM 3.8% 5 (Overall MYR Bonds) FY24: 86 FY25: 118 Islamic Sukuk 3.4% 5 Unit Trust 7.2% 5 37 Stockbroking3 7.2% 6 32 27 26 27 23 M&A3 72.9% 1 18 14 F
Slide 29: Investment Banking
Investment Banking Investment Banking Income Statement YoY Growth 5% 5% 5% 10% (3%) >100% 35% 27% 38% 43 118 15 (7) 86 2 (22) Net Interest Non-Interest Impairment RM' mil Total Income Expenses PBP PBT Tax & Zakat PAT Income Income write-back/(charge) FY25 54 335 389 (249) 140 9 149
Slide 30: Retail Banking
Retail Banking Retail Banking1 Total Income (YoY Movement) and Loans by Line of Business PAT Trend (RM’ mil) Total Income (3%) QoQ Growth : (>100%) RM 1,420 mil YoY Growth : >100% (81%) 22% (2%) Others Wealth 1% FY24: 4 FY25: 175 Mortgage 10% 14% Personal Cards Financing 5% 5% (17%) Au
Slide 31: Retail Banking: Cards in circulation
Retail Banking Retail Banking Wealth Sales (RM’ mil) Merchant Volume QoQ Growth: (12%) Merchant volume (RM'mil) QoQ Growth: 2% YoY Growth: 35% YoY Growth: 19% Merchants in force ('000) QoQ Growth: (1%) YoY Growth: (15%) FY24: 8,162 FY25: 9,739 34 34 35 36 35 31 31 30 3,222 FY24: 17,418 F
Slide 32: Retail Banking
Retail Banking Retail Banking 1 Income Statement YoY Growth (4%) 8% (3%) 3% (13%) (57%) >100% >100% >100% 291 175 (55) 4 15 (53) (27) Net Interest Non-Interest RM' mil Total Income Expenses PBP Impairment PBT Tax & Zakat PAT Income Income FY25 1,216 204 1,420 (967) 453 (223) 230 (55)
Slide 33: Business Banking
Business Banking Business Banking1 Gross Loans (RM’ mil) PAT Trend (RM’ mil) QoQ Growth: 2% QoQ Growth: 4% Non-trade Trade YoY Growth: 12% YoY Growth: 40% 47,530 48,696 45,858 43,326 43,946 40,073 41,252 38,387 11,789 12,303 10,428 11,005 10,652 10,135 10,183 9,273 FY24: 595 FY25: 833 33,518
Slide 34: Business Banking
Business Banking Business Banking1 Income Statement YoY Growth 10% 8% 10% ≈ 15% (58%) 40% 39% 40% 152 833 10 129 29 (73) 595 Net Interest Non-Interest RM' mil Total Income Expenses PBP Impairment PBT Tax & Zakat PAT Income Income FY25 1,388 390 1,778 (576) 1,202 (108) 1,093 (260) 833
Slide 35: AmBank (M) entity level
AmBank (M) entity level AmBank (M) Income Statement YoY Growth 7% (1%) 5% 6% 4% (54%) 14% 17% ≈ 153 127 1,260 (8) (57) 1,258 76 (142) Net Interest Non-Interest One-off charges Reported RM' mil Total Income Expenses PBP Impairment PBT Tax Income Income & Tax Credit1 PAT FY25 2,375 781
Slide 36: AmBank Islamic entity level
AmBank Islamic entity level AmBank Islamic Income Statement YoY Growth 10% 1% 9% 9% 8% (44%) 14% 15% 30% 101 1 31 62 559 431 (45) (22) Net Financing Non-Financing Reported RM' mil Total Income Expenses PBP Impairment PBT Tax & Zakat One-off charges 1 Income Income PATZ FY25 1,147 1
Slide 37: Glossary & Disclaimer of warranty and limitation of liability
Glossary & Disclaimer Glossary & Disclaimer of warranty and limitation of liability Reported Performance Reported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market Growth Definition QoQ growth refers to Q4FY25 vs Q3FY25 YoY gr