Union Bank Of Taiwan · TWSE:2838
Union Bank Of Taiwan — H1 2021 Earnings Presentation
19 slides from Union Bank Of Taiwan's earnings presentation, Aug 5, 2021
Slide 1: Union Bank of Taiwan Financial Results of 1H21
Union Bank of Taiwan Financial Results of 1H21 August 5th, 2021 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 1H21
Financial Highlights of 1H21 Steady growth of business Net income for the month ended June 30, 2021, was 2,307 million, increased 67.05% YoY, Operating revenue was 8,084 million, increased 19.23% YoY. EPS was 0.75 in 1H21, compare with 0.29 in 1H20 , increased 158.62% YoY. Net interest incom
Slide 4: Revenue and profit- Consolidated
Revenue and profit- Consolidated NT$ mn, % Items 2Q21* 2Q20 Diff. %* Net interest income 4,273 3,733 +14.47% Net fee income 1,443 1,375 +4.95% Net other income 2,368 1,672 +41.63% Operating revenue 8,084 6,780 +19.23% Pre-Tax Income 2,620 1,586 +65.20% Net Income 2,307 1,381 +67.05% EPS (in NT$dolla
Slide 5: Net Revenue Breakdown- Consolidated
Net Revenue Breakdown- Consolidated NT$ mn NT$ mn, % 12,732 13,866 14,430 8,084 9,000 8,084 27.50% 28.33% 33.69% 29.29% 6,740 6,000 19.03% 19.55% 17.85% 19.59% 3,000 52.64% 46.72% 52.95% 52.86% 0 2Q20 2Q21 2018 2019 2020 2Q21 NII% Fee Income% Other Income% Operating Revenue 2Q21 are un-audited num
Slide 6: Financial Performance- Consolidated
Financial Performance- Consolidated NT$ mn Operating Revenue 13,866 14,430 12,732 8,084 2018 2019 2020 2Q21 Net Income NT$ mn EPS NT$ dollar 3,371 3,442 2,955 1.00 0.93 0.96 2,307 0.75 2018 2019 2020 2Q21 2018 2019 2020 2Q21 2Q21 are un-audited numbers 6
Slide 7: Operating revenue analysis- Alone
Operating revenue analysis- Alone NT$ mn,% 42.85% 36.27% 30.13% Consumer 24.64% 21.97% Corporate Busibess Business 14.96% 16.89% 14.96% 36.27% 2.32% 2.16% 7.81% Others Corporate Consumer Trust & Ｗealth Investment Others 2.16% Business Business Mgmt. 2Q21 2Q20 Investment 2Q21 2Q20 Items Diff.Amt 21.9
Slide 8: Business Performance
Business Performance NT$ mn, % 201 欄 Items 2021.6.30 2020.6.30 Diff.Amt Diff. % 9.63 1 Total deposits (avg. bal.) 629,341 561,124 68,217 12.16% Demand deposits 288,554 238,204 50,350 21.14% Time deposits 257,467 245,978 11,489 4.67% Foreign exchange deposits 83,320 76,942 6,378 8.29% Total Loans (av
Slide 9: Deposits analysis
Deposits analysis Total deposits（avg. bal.） YoY Comparison TWD$ 629.4 billion NT$ bn Foreign exchange deposits, 13.24% 288.6 Time deposits, 257.5 246.0 238.2 40.91% Demand deposits, 45.85% 83.3 76.9 Demand deposits Time deposits Foreign exchange deposits 6M21 6M20 Preliminary figures of Jun. 2021
Slide 10: Deposits balance steady growth
Deposits balance steady growth Demand Deposits Time Deposits YOY YOY+ NT$ mn +21.78% 2.89% 307,766 307,581 306,037 323,905 265,967 246,764 300,180 298,939 219,547 228,031 292,443 289,524 Dec. 2018 Jun. 2019 Dec. 2019 Jun. 2020 Dec. 2020 Jun. 2021 Dec. 2018 Jun. 2019 Dec. 2019 Jun. 2020 Dec. 2020 Jun
Slide 11: Loans analysis
Loans analysis Total Loans YoY Comparison TWD$ 440.1 billion NT$ bn Government, Large Corporate, 313.8 6.3% 0.9% 278.1 SME, 21.5% 94.4 75.7 Individual, 27.9 29.9 4.0 7.8 71.3% Government Large SME Individual Corporate Preliminary figures of Jun. 2021 6M21 6M20 11
Slide 12: Loans balance steady growth
Loans balance steady growth Corporate Loans Consumer Loans NT$ mn 267,403 154,711 249,749 142,733 232,120 134,599 137,930 219,456 127,156 205,208 119,073 194,336 2018 6M19 2019 6M20 2020 6M21 2018 6M19 2019 6M20 2020 6M21 Government Loans is excluded from Corporate Loans. Preliminary figures of
Slide 13: Business Performance
Business Performance Cards, NT$ Mn,% Jan. to Jun. Jan. to Jun. Items Diff. Amt Diff. % 2021 2020 Valid cards in 6 months 1,323,492 1,307,595 15,897 1.22% Cards outstanding 2,192,196 2,192,562 (366) (0.02%) Operating income 1,811 1,549 262 16.91% Value of transactions 48,342 44,985 3,357 7.46% Value
Slide 14: Credit Card Business Breakdown
Credit Card Business Breakdown Active Cards Thousand Card,% Cards Consumption NT$ mn 4.07% 4.10% 1,323 1,323 1,350 3.60% 3.27% 3.39% 120,000 1,308 3.26% 3.40% 90,312 92,555 99,456 100,000 4.05% 1,267 1,300 4.01% 3.20% 80,000 1,250 4.00% 3.98% 3.00% 48,661 60,000 45,289 1,175 1,200 3.10% 3.97% 2.80%
Slide 15: NIM and Spread- Alone
NIM and Spread- Alone 1.40% 1.38% 1.47% 1.41% 2.12% 2.15% 1.98% 1.88% 1.26% 1.24% 1.21% 1.22% 0.72% 0.77% 0.58% 0.41% 2018 2019 2020 2Q21 2018 2019 2020 2Q21 Overall Lending Rate Overall Deposit Rate Interest Spread NIM 2Q21 are un-audited numbers 15
Slide 16: Assets Quality
Assets Quality NPL NPL Ratio NT$ mn,% 0.15% 0.14% 0.14% 700 0.12% 600 649 606 500 573 400 401 300 200 100 0 2018 2019 2020 2Q21 2018 2019 2020 2Q21 2Q21 are un-audited numbers 16
Slide 17: Assets Quality (Conti.)
Assets Quality (Conti.) NT$ mn, NT$ mn,% % 5,500 5,120 1200.00% 5,000 4,778 959.79% 4,500 4,299 1000.00% 3,853 4,000 749.68% 3,500 788.94% 788.95% 800.00% 3,000 623.24% 629.28% 600.00% 2,500 651.78% 575.44% 2,000 400.00% 1,500 1,000 200.00% 500 0 0.00% 2018 2019 2020 2Q21 Allowance for bad debts. NP
Slide 18: Risk Weighted Assets
Capital Adequacy NT$ thousand Risk Weighted Assets 2018 2019 6M20 2020 6M21 Risk Weighted Assets 343,502,955 376,603,339 403,524,459 411,994,724 401,729,409 Common share 33,172,535 37,440,298 38,490,875 40,774,470 43,083,253 Other tier 1 capital 11,720,972 11,559,375 12,099,090 12,096,138 12,614,848
Slide 19: Capital Adequacy Ratio
Capital Adequacy Ratio 15.86% 14.32% 14.70% 14.36% 14.80% 2.00% 1.25% 1.69% 1.82% 1.97% 3.14% 3.41% 3.07% 3.00% 2.93% 9.94% 9.90% 10.72% 9.66% 9.54% 2018 2019 6M20 2020 6M21 CET1 Ratio Other Tier 1 Ratio Tier 2 Ratio Preliminary figures of Jun. 2021 BIS of Union Bank standalone. 19