9 slides from Security Bank Corp. (philippines)'s earnings presentation, Mar 14, 2017
Slide 1: Analysts' Briefing (2016 Results)
Analysts’ Briefing (2016 Results) By: Mr. Alfonso L. Salcedo, Jr., President & CEO March 14, 2017
Slide 2: Profitability
Profitability Revenues (PhP Bn) +14% YoY Net Income After Tax (PhP Mn) +11% YoY +9% YoY +7% YoY +36% YoY 20.9 18.3 +43% YoY 8,554 16.8 3.2 15% 7,699 7,164 3.0 19% 1.8 8% 2.0 12% 12.3 2.9 15% 3.6 21% 5,012 1.7 14% 2.2 18% 15.9 77% 66% 11.2 67% 12.4 68% 8.4 '13 '14 '15 '16 '13 '14 '15 '16 Net Int. Inc
Slide 3: Net Interest Margin
Net Interest Margin Net Interest Margin (%) (1) Net Interest Margin on Loans (%) (2) 3.5 3.4 3.3 3.0 3.0 3.1 4.2 2.9 2.9 3.8 3.8 3.8 '13 '14 '15 '16 '13 '14 '15 '16 SECB Industry Avg Note: (1) Industry data for Universal and Commercial Banks from Supervisory Data Center, Supervision and Examination
Slide 4: Balance Sheet: Asset & Funding Structure
Balance Sheet: Asset & Funding Structure Total Assets (PhP Bn) Total Liabilities and Capital (PhP Bn) +31% YoY 695 +34% +31% YoY YoY +34% 695 +14% 533 50% YoY YoY 346 533 156 22% +14% YoY 20% 398 105 55% 222 348 290 398 32% 348 40 6% 90 23% 175 33% 62% 103 29% 247 28 4% 206 59% 101 25% 39 7% 30% 21%
Slide 5: Loan Portfolio
Loan Portfolio Total Loans (PhP Bn) By Industry(1) +21% YoY Others 289 28% Manufacturing +24% YoY 11% 39 13% +18% YoY 239 24 10% 192 Financial Wholesale/ 107 37% Intermediary 163 14 7% Retail Trade 92 10% 19% 8 5% 39% 78 41% 63 39% Real Estate 15% Utilities 143 50% 17% 52% 123 92 56% 100 51% '13 '14
Slide 6: Deposit Portfolio
Deposit Portfolio +20% Total Deposits (PhP Bn) (1) YoY By Segment +17% 346 YoY +19% 290 YoY Retail 36% 247 208 60% Corporate 64% 207 60% 174 153 62% By Currency 65% 134 138 FCDU 40% 116 40% 34% 94 73 35% 38% PHP '13 '14 '15 '16 66% Low Cost- CASA Other Depos Note: (1) CASA reflected excludes tiered
Slide 7: Asset Quality
Asset Quality NPL Ratio and NPL Cover (%) (1) 260 200 205 204 195 210 144 142 145 160 141 1 0.38 0.32 0.28 0.30 110 0.19 0.14 0.17 0.11 60 10 -40 -1 -90 '13 '14 '15 '16 NPL Ratio Industry NPL Ratio NPL Cover Industry NPL Cover Note: (1) BSP introduced in January 2013 the Net Non-Performing Loan (Net
Slide 8: Capital Strength
Capital Strength Total CAR (%) Major Philippine Banks’ Capitalization (%) (2) Median Tier 1 CAR = 12.5% Median Total CAR = 15.5% 25 20.5 20.5 20 18.4 16.7 16.2 18.0 15.7 15.5 15.5 15.2 18.0 15.8 13.4 13.0 15 12.3 12.2 15.1 12.9 13.0 14.3 12.5 12.1 12.2 10.9 11.3 10 10.5 5 0 (1) '13 '14 '15 '16 SECB
Slide 9: 2017 Major Initiatives
2017 Major Initiatives › To sustain the delivery of our BetterBanking promise Complete I.T. Transformation & increase our capacity to support growth in business. Continue Branch Expansion; Review › To expand our coverage of retail and middle markets. in Light of New BSP Circular 940 & “Branch Lite”