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Malayan Banking Berhad (Maybank) 1Q FY12 Analyst Presentation
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Investor PresentationFinancial ResultsFi t Q t FY2012 d d 31 M h 2012First Quarter FY2012 ended 31 March 2012
24 May 2012
0www.maybank.com
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Reviewy
Economic Update and Prospects
1Financial Results: First Quarter ended 31 March 2012
Key Highlights: Sustainable Profit Growth
Profit continued to grow in 1Q FY2012Year on year, revenue grew 27.7% YoY on the back of 14.0% growth in fund based income and 54.5% growth in fee income. Quarter on quarter, revenue grew 5.4% after normalising for insurance surplus transfer and the new takaful framework adjustment. PATAMI of RM1.35 billion grew 3.9% QoQ and 17.9% YoY.
Growth seen across all business pillarsGrowth seen across all business pillarsAll business pillars recorded double digit revenue growth except for Community Financial Services which grew 1.6%.PBT rose by RM319 million (+20.2%) YoY mainly due to growth in Global Wholesale Banking (+RM294.4m, +46.4%) and International (+RM135.0m, +41.2%)Group loans grew 6.1% annualised (18.2% YoY) driven by growth of 9.5% in domestic loans (13.8% YoY) and 15.7% growth in BII (23.2% YoY)Gross and Net Impaired Loan ratio continues to improve to 2.44% (March 2011: 3.67%) and Gross and Net Impaired Loan ratio continues to improve to 2.44% (March 2011: 3.67%) and 1.57% (March 2011: 2.39%) respectively as at March 2012.
Strong Financial PositionGroup shareholders’ funds of RM34.0 billion, total assets of RM463.3 billionCapital Adequacy Ratio of 15.4% as at 31 March 2012 (based on 88.5% reinvestment rate)
Headline KPIs for FY2012Annualised ROE of 16.0% is above target of 15.6% but Loans and Debt Securities growth of 7 0% i b l f 15 2%
2
7.0% is below target of 15.2%
Key Corporate Developments
Strengthening of ManagementDato’ Khairussaleh Ramli officially began as President Director/CEO of BII on 6 April 2012.Appointment of Mohamed Rafique Merican as Group CFO on 1 June 2012Appointment of Herminio M Famatigan Jr as new CEO of Maybank PhilippinesAppointment of Herminio M. Famatigan Jr. as new CEO of Maybank Philippines
Continued Regional ExpansionLocal incorporation of Maybank (Cambodia) Plc to facilitate further expansion beyond current branch operations in Cambodia
ff d f kRepresentative office opened in Myanmar in anticipation of market openingPutting in place mechanism to acquire full control of 48.5%-owned Kim Eng Vietnam Securities via call optionProposed increase in equity interest in Anfaal Capital (Saudi Arabian Investment Bank) from p q y p ( )18% to 35%Continued branch expansion in Indonesia with BII adding 17 branches to 368 in 1QFY12
Dividend Reinvestment Plan to Support Organic GrowthReinvestment rate of 88 5% achieved for Final Dividend for 6 months ended 31 Dec 2011Reinvestment rate of 88.5% achieved for Final Dividend for 6 months ended 31 Dec 2011.New shares to be listed on 5 June 2012.
Medium Term Financing Improved Funding Profile With: 28 February 2012: Establishes RM7 billion Subordinated Note Programme
– Issued Subordinated Notes of RM2.1 billion on 10 May 201213 April 2012: Redeems RM1.5 billion Subordinated Bonds25 April 2012: Redeems US$300 million Subordinated Sukuk8 May 2012: Issues Senior Notes of US$500 million
3
y $14 May 2012: Establishes US$5 billion Multicurrency Medium Term Note Programme
Key Performance Indicators for 1Q FY12
Target 1Q FY12 *
Headline KPIs
Return on Equity 15.6% 16.0%
Loans and Debt Securities Growth 15.2% 7.0%
Other targets
Group Loans Growth 16.2% 6.1%
• Malaysia 13.6% 9.5%
Singapore 11 4% 3 6%• Singapore 11.4% -3.6%
• Indonesia 20.9% 15.7%
Group Deposits Growth 12.3% 8.3%
Note: Loans growth for Singapore and Indonesia are in their local currencies* Annualised
4
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Reviewy
Economic Update and Prospects
5Financial Results: First Quarter ended 31 March 2012
1Q FY12 PATAMI rose 17.9% YoY to RM1.35 billion
1Q FY12 2Q FP11 3Q FY1131 Mar 12 31 Dec 11 31 Mar 11
Net interest income 2,020.7 2,152.7 -6.1% 1,771.4 14.1%
QoQ Change
YoY Change
Quarter
, , % , %Net Fund based income (Islamic Banking) 375.6 427.0 -12.0% 329.9 13.8%Total net fund based income 2,396.3 2,579.7 -7.1% 2,101.4 14.0%Net income from insurance business* 87.2 322.3 -72.9% 84.1 3.7%Non-interest income 1,408.0 1,151.5 22.3% 928.8 51.6%, ,Fee based income (Islamic Banking) 159.2 64.7 146.1% 57.8 175.3%Total fee-based income 1,654.5 1,538.5 7.5% 1,070.8 54.5%Net income 4,050.8 4,118.2 -1.6% 3,172.1 27.7%Overhead expenses (1,994.8) (2,054.0) -2.9% (1,554.0) 28.4%Operating Profit before allowances forlosses on loans
2,056.0 2,064.2 -0.4% 1,618.2 27.1%
Allowance for losses on loans (195.9) (230.3) -14.9% (72.2) 171.3%Impairment losses on securities, net (0.5) (68.3) -99.3% 4.3 -111.0%Operating Profit 1,859.6 1,765.6 5.3% 1,550.3 20.0%Share of profits in associates 35.0 37.7 -7.2% 25.3 38.3%Profit before taxation and zakat 1,894.6 1,803.4 5.1% 1,575.6 20.2%Taxation & Zakat (528.9) (432.9) 22.2% (389.3) 35.9%Mi it I t t (18 8) (73 8) 74 5% (43 7) 57 0%Minority Interest (18.8) (73.8) -74.5% (43.7) -57.0%Profit after Tax and Minority Interest(PATAMI)
1,346.9 1,296.7 3.9% 1,142.6 17.9%
EPS (sen) 17.63 17.22 2.4% 15.60 13.0%
6
*net of insurance claims
Strong Balance Sheet: Total Assets grew 10.6% annualised, LDR stable at 87.2%
RM billion Mar 12 Dec 11 Annualised Growth Mar 11 YoY
GrowthCash and short-term funds 44.9 49.1 -34.1% 32.0 40.4%Deposits with financial institutions 12.8 6.5 394.2% 8.5 50.8%Securities purchased under resale agreements 1.0 1.4 -120.9% 0.5 101.5%Securities portfolio 71.2 68.1 18.6% 64.2 10.9%Loans, advances and financing 279.1 274.4 6.8% 234.1 19.2%Statutory Deposits with Central Banks 11 1 10 6 20 3% 4 4 151 4%Statutory Deposits with Central Banks 11.1 10.6 20.3% 4.4 151.4%Life, general takaful and family takaful fund assets 20.1 19.9 4.0% 19.0 6.0%Other assets 23.1 21.4 31.1% 17.7 30.4%Total Assets 463.3 451.3 10.6% 380.3 21.8%Deposits from customers 320.2 313.7 8.3% 260.7 22.8%Deposits and placements of banks and FI 39.3 36.8 27.5% 34.0 15.7%Borrowings 8.4 7.2 67.8% 4.8 73.4%Subordinated debts 14.2 14.2 0.5% 8.0 77.1%Subordinated debts 14.2 14.2 0.5% 8.0 77.1%Capital Securities 6.1 6.1 1.0% 6.0 1.6%Insurance & Takaful liabilities & policyholders' funds 20.1 19.9 4.0% 19.0 6.0%Other liabilities 19.7 18.8 19.0% 17.1 14.9%T t l Li biliti 428 0 416 6 10 9% 349 7 22 4%Total Liabilities 428.0 416.6 10.9% 349.7 22.4%Shareholders Funds 34.0 33.4 6.8% 29.9 13.8%Non-controlling interest 1.2 1.2 5.8% 0.8 55.2%Total Liabilities & Equity 463.3 451.3 10.6% 380.3 21.8%
7
Loan-to-deposit Ratio 87.2% 87.5% 89.8%
Gross loans grew 6.1% annualised (18.2% YoY), driven by 11.9% growth in Consumer, 12.7% growth in GWB Malaysia and 15.7% growth in BII
RM billion Mar 12 Dec 11 Annualised Growth Mar 11 YoY
Growth
Community Financial Services 123.2 120.7 8.4% 110.0 12.0% Consumer 97.7 94.9 11.9% 84.8 15.1% Total Mortgage 43.4 42.1 12.5% 37.2 16.8% Auto Finance 28.6 27.7 13.0% 25.5 12.0% Credit Cards 5.2 5.3 -7.4% 4.5 16.5% Unit Trust 19.2 18.5 16.1% 16.4 17.7% Other Retail Loans 1.3 1.3 -3.4% 1.3 -4.9% Business Banking + SME 25.5 25.8 -4.4% 25.1 1.7%
SME 4.4 4.5 -8.6% 14.5 -70.0% SME 4.4 4.5 8.6% 14.5 70.0% Business Banking 21.2 21.4 -3.5% 10.6 100.0%GWB (Corporate) (Malaysia) 59.7 57.8 12.7% 50.7 17.7%Other Loans (0.0) 0.1 -441.3% 0.0 -138.2%Total Domestic 182 8 178 6 9 5% 160 7 13 8%Total Domestic 182.8 178.6 9.5% 160.7 13.8%International 102.1 102.2 -0.6% 81.5 25.3% Singapore (SGD billion) 24.5 24.7 -3.6% 20.1 21.8% BII (Rupiah trillion) 69.8 67.2 15.7% 56.7 23.2%
Others 19 1 18 4 16 6% 13 5 41 5%
* Including Islamic loans sold to Cagamas and excludes unwinding of interest
Others 19.1 18.4 16.6% 13.5 41.5%Investment Banking 2.1 1.9 42.7% 0.6 242.2%Gross Loans * 287.1 282.8 6.1% 242.8 18.2%
8
* Including Islamic loans sold to Cagamas and excludes unwinding of interest
Deposits grew 8.3% annualised (22.8% YoY), driven mainly by growth in Singapore of 23.1% (28.0% YoY)
RM bil AnnualisedGrowth
YoY Growth SGD bil Annualised
GrowthYoY
Growth Rupiah tril AnnualisedGrowth
YoY Growth RM bil Annualised
GrowthYoY
Growth
Malaysia Singapore BII Group
Savings Deposits 33.9 12.1% 11.0% 3.0 8.4% 7.5% 16.1 -35.1% 14.7% 47.1 1.1% 10.4%
Current Accounts 49.2 14.4% 11.5% 2.6 -28.6% 9.2% 12.3 -2.4% 33.8% 60.5 14.4% 11.6%
Fixed Deposits 105.2 7.7% 29.8% 21.8 31.8% 32.8% 43.8 33.1% 16.8% 188.0 14.8% 30.3%
Others 23.4 -39.6% 23.3% 0.6 52.0% 115.0% - - - 24.7 -28.1% 25.7%
Total Deposits 211.7 4.1% 21.2% 28.0 23.1% 28.0% 72.2 9.8% 26.0% 320.2 8.3% 22.8%Low cost funds (CASA)
LD Ratio
39.3% 20.1% 39.3% 33.6%
83.9% 86.6% 95.4% 87.2%
Loans-to-Deposit Ratio
Malaysia Singapore BII Group88 8%
88.4%
90.1%
87.5%
89.2%
88.8%
88.9% 87.7%
86 3%
87.5%
96.4%
92.5%
86 6%
91.3%
90.7%88.1%
93.9%
95.4%
87.4%86.8%
87.2%
J J D J D M
82.6%
83.9%
Jun Jun Dec Jun Dec Mar
86.3%
81.2%
86.6%
J J D J D M
80.9%
J J D J D M
9
Jun 09
Jun 10
Dec 10
Jun 11
Dec 11
Mar 12
Jun 09
Jun 10
Dec 10
Jun 11
Dec 11
Mar 12
Jun 09
Jun 10
Dec 10
Jun 11
Dec 11
Mar 12
Jun 09
Jun 10
Dec 10
Jun 11
Dec 11
Mar 12
Asset Quality continues to improve with Gross and Net Impaired Loan ratio declining to 2.44% and 1.57% respectively
Net Impaired Loan RatioAllowance for losses on loans
‐14.9% QoQ
+171.3% YoY4.60%
4.67%
4 20%
230.3
195.9
14.9% QoQ
2.99%
4.20%3.67%
3.35%3.23%195.9
2.83%2.74% 2.39%
2.25%2.18%
1 86%
2.84%
2.44%
72.2 47.7
98.7 1.86%
1.57%
3Q FY11 4Q FY11 1Q FP11 2QFP11 1Q FY12 Day 1 Sep Dec Mar Jun Sep Dec Mar
10
y1 Jul 10
p2010 2010 2011 2011
p2011 2011 2012
Group Fee-Based Income increased 55% YoY to RM1.65 billion*. Excluding Kim Eng it increased 37% YoY.
1 408
+51.6%
929
1,408 3Q FY11 ended 31 Mar 11
1Q FY12 ended 31 Mar 12+25.6%
929
626
787
+ 3.7%+238.8 ‐95.4% +175.3%+105.7%million
+99.3%
44 24
182 53 84 58
149
1
362
109 87 159
RM
Total Non‐Interest Income
Commission, service charges and fees
Investment & trading income
Unrealised gain on securities and derivatives
Foreign exchange profit
Other Income Net income from insurance business
Fee income from Islamic operations
#
1,236
Excluding Kim Eng
+33.1% +5.9%664
‐183.3%‐20
+210.5%137
+78.1%%95
+98.9%361
+175.3%159
‐10.5%75
11
* Includes net income from insurance business & fee income from Islamic operations# Interest rate derivatives
Overheads grew 28.4% YoY due to Kim Eng consolidation & higher personnel costs.Excluding Kim Eng, overheads grew 18.4% YoY.
Personnel costs
IT Expenses
Marketing Expenses
Admin general expenses and establishment costsAdmin, general expenses and establishment costs
‐2.9% QoQ
+28.4% YoY
on
2,054.0 1,994.8
QoQ YoY YoY
Personnel costs 4 6% 29 9% 21 2%
1Q FY12With KE Without KE
141.1 130.3 142.9 108.2 440.6
698.4 635.4
RM m
illio 1,554.0 Personnel costs 4.6% 29.9% 21.2%
IT Expenses -7.6% 12.9% 4.7%
Marketing Expenses -24.3% -20.1% -22.1%
862 61,071.6 1,120.9
115.4 135.3 Admin, general expenses
& establishment costs -9.0% 44.2% 28.8%
Total -2.9% 28.4% 18.4%
862.6
3Q FY11 2Q FP11 1Q FY12
12
3Q FY11ended 31 Mar 11
2Q FP11ended 31 Dec 11
1Q FY12ended 31 Mar 12
Capital Adequacy remains stable and initiatives to optimise RWA will continue
16.29%15.35%14.16% 14.12% 15.20%
14.71%Group
Adjusted for dividend payment and reinvestment made under the Dividend Reinvestment Plan (DRP)
Based on 88.5%^ reinvestment rate
Based on 88.5%^ reinvestment rate
9.21%
11.57%
8.73%
10.97%
8.73% 8.55% 8.77% 8.22%
11.80% 11.60% 11.68%10.68%
31 Dec 11 31 Mar 1231 Dec 10 31 Mar 11 30 Jun 11 30 Sep 11
Core Equity Ratio* Core Capital Ratio Risk Weighted Capital Ratio
15.54% 15.54%
13.62% 13.19% 13.12%(3)13.38%
Bank
15.57%
q y p g p
14.46%
14.66% 14.26%13.15% 13.04% 13.12%# 13.19% 14.69%
14.26%
31 Dec 1131 Dec 1131 Dec 10 31 Mar 11 30 Jun 11 30 Sep 11 31 Dec 11
Core Equity Ratio* Core Capital Ratio & Risk Weighted Capital Ratio
31 Mar 12
13
Note:^ Based on latest indicative acceptance rate on the electable portion of the 4th DRP* Core Equity Ratio computation is based on phase-in / transitional arrangements announced by BNM & BCBS# Core Equity Ratio is capped at Core Capital Ratio & Risk Weighted Capital Ratio
Maybank Group: Key Ratios
1Q FY12 FP11 FY11 FY10 FY09
Net Interest Margin 2.37% 2.53% 2.56% 2.80% 2.72%Return on Equity 16%** 16 2%** 15 2% 14 5% 12 8%Return on Equity 16%** 16.2%** 15.2% 14.5% 12.8%Fee to Income Ratio 40.8% 37.6% 36.6% 33.4% 33.0%Cost to Income # 48.7% 49.8% 49.6% 47.3% 52.8%Loan-to-Deposit Ratio 87.2% 87.5% 90.1% 86.8% 87.4%Loan to Deposit Ratio 87.2% 87.5% 90.1% 86.8% 87.4%
Asset Quality
Pre‐FRS 139Post‐FRS 139
Gross NPL or Impaired Loan Ratio 2.45% 2.85% 3.20% 2.90% 3.46%Net NPL or Impaired Loan Ratio 1.57% 1.86% 2.25% 1.22% 1.64%Loan Loss Coverage 94.5% 86.9% 82.3% 124.5% 112.9%Charge off rate (bps) 28 25 23 53 59Charge off rate (bps) 28 25 23 53 59
Capital Adequacy (Group)Core Capital Ratio* 10.97% 11.57% 11.68% 10.88% 10.81%Risk Weighted Capital Ratio* 15.35% 16.29% 15.20% 14.49% 14.81%
# Total cost excludes amortisation of intangibles for BII and Kim Eng* Adjusted for dividend payment and reinvestment made under the Dividend Reinvestment Plan (DRP)
14
djusted o d de d pay e t a d e est e t ade u de t e de d e est e t a ( )** Annualised
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Reviewy
Economic Update and Prospects
15Financial Results: First Quarter ended 31 March 2012
Revenue and PBT growth across most sectors
4 051
3Q FY11ended 31 Mar 2011
1Q FY12+61.7%
+27.7%
million)
Global Wholesale Banking (GWB)
3,172
1,589
4,051
1,614 1 308
1Q FY12ended 31 Mar 2012
+15.9%+40.9% +331.1% +29.1%+23.9%
+1.6%
Revenu
e (RM
,
330 373 78
1,013
167
,
465 462 335
1,308
194
Total Community Corporate Banking Global Markets Investment Banking International Banking Insurance, Takaful &
1,895
3Q FY11ended 31 Mar 2011
yFinancialServices
p g g g ,Asset Management
+46.4%+20.2%
M m
illion)
Global Wholesale Banking (GWB)
(Inc. Kim Eng)
1,576
911
1,895
731
1Q FY12ended 31 Mar 2012‐19.7%
+57.6% +41.2% +22.4%before ta
x (RM
+16.7% +315.3%
257 350
28 328
81
3
404 408 116
463
100
Total Community Corporate Banking Global Markets Investment Banking International Banking Insurance, Takaful &
Profit
16
Total CommunityFinancialServices
Corporate Banking Global Markets Investment Banking International Banking Insurance, Takaful & Asset Management
Note: Head Office & Others: Revenue and PBT : –RM378.4m (3Q FY11) vs. –RM327.7m (1Q FY12)
(Inc. Kim Eng)
Revenue grew due to higher fee-based income mainly from GWB and International
2,396
3Q FY11ended 31 Mar 2011
1Q FY12ended 31 Mar 2012
Net Fund Based Income rose 14.0%
+14.0% Global Wholesale Banking (GWB) +19.8%
llion
2,101
1,190
213 690
,
1,221
300
832
+2.5%
+40.8% +20.8%+542.4% +14.5%-16.1%RM m
il
213 188 4 20 300 158 28 23
Total # CommunityFinancialServices
Corporate Banking Global Markets Investment Banking International Banking Insurance, Takaful & Asset Management
3Q FY11ended 31 Mar 2011
1Q FY12
Fee‐based Income grew by 54.5%
+54.5% Global Wholesale Banking (GWB) +107.0%
# Includes expenditures of Head Office & Others of RM165.4 million for 1Q FY12 and RM204.8 million for 3Q FY11
1,071
399
1,654
393 476
1Q FY12ended 31 Mar 2012
+54.5%
-1.4% +64.6% +318.5% +47.3% +16.1%+41.2%
M m
illion
399 117 184 73
323 147
393 165 304 307
476 171
Total # CommunityFinancialS i
Corporate Banking Global Markets Investment Banking International Banking Insurance, Takaful & Asset Management
RM
^
17
Services
# Includes expenditures of Head Office & Others of RM162.3 million for 1Q FY12 and RM173.7 million for 3Q FY11^ Includes net income from insurance business of RM87.2 million for 1Q FY12 and RM84.1 million for 3Q FY11
Increasing contribution from international operations
R P fi B f T Gross loans
5.0% 6.5%6.2%
Revenue Profit Before Tax1Q FY2012
International:37%
International:27%
Gross loans
International:36%
(Jan 12 – Mar 12) * Including Islamic loans sold to Cagamasand excludes unwinding of interest
15.2%
6.8%
21.3%
8.3%15.5%
RM4.05b RM1.89b
37% 27%
RM287.1b*Mar 2012
36%
73.0%63.9%62.6%15.7% Mar 2012
3Q FY2011
8 2%
5.5%4.1% 5.0%3.6%
68%12%16%4%Malaysia Singapore Indonesia Others
(Jan 11 – Mar 11)
19.9%
8.2%13.7%
11.7%
16.5%
RM3.17b RM1.58b RM242.8b*Mar 2011
66.4%
77.2%68.2%
International: International: International:
18
32% 23% 34%
Community Financial Services: Mortgage grew 12.5% annualised with improving asset quality
Continued growth despite intense competition Asset quality continued to improve
+12.5% annualised
+16.8% YoY *
43 43.9%
37 3
4.75.7 6.1
37.2
M b
illio
n
42.1 43.4 3.1%2.8%
2.2%1.9%
32.5 36.4 37.3
Mar 11 Dec 11 Mar 11
RM
Mar' 11 Jun' 11 Sep' 11 Dec' 11 Mar' 12Mar 12
Housing loans Shophouse loans
Mortgage market share stable in the latest quarter Mortgage Approvals *: Still at healthy levels at RM4.6 bil.
p
Gross Impaired loan ratio - Mortgage* Industry grew 14.3% YoY
13 0%13.1%
13.2% 13.2%
illion
5.3 6.4 6.0
5.1 4.6
12.9%13.0%
Mar' 11 Jun' 11 Sep' 11 Dec' 11 Mar' 12
RM b
Mar-11 Jun-11 Sep-11 Dec-11 1QFY12Mar‐12
19
p
* Based on new extraction rule
p
Community Financial Services: Auto Finance* business improved in volumeand market share
Auto Finance* grew 12.9% annualised in March 12
+12.9% annualised
Asset quality remained stable with increasing market share
+12.3% YoY
27 2 28 0 18 8% 19 9% %
2.5%
3.0%
19.5%
20.0%
20.5%
billion
25.027.2 28.0
0.7%0.5% 0.6% 0.5% 0.6%
18.8%
18.8%19.0%
19.4%
19.9%
0.5%
1.0%
1.5%
2.0%
17 5%
18.0%
18.5%
19.0%
19.5%
RM
Mar 11 Dec 11 Mar 12
0.0%17.0%
17.5%
Mar 11 Jun 11 Sep 11 Dec 11 Mar 12
Gross Impaired loan ratioHire Purchase Market Share
Proportion of national cars increasing New cars form 87% of total Auto Finance* loans
Mar 11 Dec 11 Mar 12 Hire Purchase Market Share
64%
86%87%87%
New cars66%
65%
64%
Non‐national cars
14%13%13%
Used carsMar 12Dec 11Mar 1134%
35%
36%
National CarsMar 12Dec 11Mar 11
20 * Auto Finance data refers to hire purchase arrangements only
Community Financial Services: Cards continued to grow ahead of industry
d k h f fCards Market Share Cards performance outperforming industry
Mar 12 Mar 11
Cardbase 18.1% 17.0%YoY Maybank Industry*
Cardbase 2.5% -3.4%Billings 24.7% 22.8%
Receivables 15.4% 14.5%
Merchant Sales 31.0% 29.3%
Billings 21.0% 11.6%
Receivables 13.7% 7.2%
Merchant Sales 18.0% 11.7%
• Market Share based on 12‐months running performance• Card base excludes Debit cards• Merchant and Billings consist of transactions done through
Credit, Charge and Debit cards
• Industry figures for cards includes commercial banks and non‐FI players
Cards receivables
7 0% li d
+13.7% YoY
Card base (‘000)
‐0.9% annualised
+4.5% YoY
4.55.2 5.1
‐7.0% annualised
n
4,246 4,445 4,435
Mar 11 Dec 11 Mar 12
RM billion
M '11 D 11 M '12
21
Mar 11 Dec 11 Mar 12
*Based on new market segmentation effective June 11 onwards
Mar'11 Dec 11 Mar'12
Business Banking and SME: Deposits grew at 6.8% annualised
‐ 4.4% ann. Deposits growth at 6.8% on annualised basis+6.8% ann.
Loans decline in 1Q due to repayments
25.3 24.7 24.6 25.8 25.5
39 9 41.247.3
50.7 51.5
RM billion
RM billion
39.9 41.2
Mar 11 Jun 11* Sep 11* Dec 11* Mar 12 Mar 11 Jun 11* Sep 11* Dec 11* Mar 12*
%
Business Banking and SME: Gross Impaired Loans Ratio continues to improve
SME loans* market share improving
*Figures are based on new market segmentation effective June 11*Figures are based on new market segmentation effective June 11
17 0% 17.4%19.2% 19.9%
16.0%
18.0%
20.0%
22.0%
14.9%
12.9% 13.0%
11.7%16.5% 17.0%
10.0%
12.0%
14.0%
Mar 11 Jun 11 Sep 11 Dec 11 Mar 11
11.7%
10.6%
Mar 11 Jun 11 Sep 11 Dec 11 Mar 12
22
Mar 11 Jun 11 Sep 11 Dec 11 Mar 11 Mar 11 Jun 11 Sep 11 Dec 11 Mar 12
* Classification by Loan Size based on Bank Negara definition, SME includes loans under GWB (Corporate)
Global Wholesale Banking: Loans growth driven by Term Loans
Strong position in terms of Trade Finance Market Share
Total GWB loans* increased by 2.6% to RM57.6 billion between December 2011 and March 2012.
Mar '12 Dec '11 Sep '11RM billion
27.7 25.9
28.4 Term Loans +9.5%
Gross Impaired Loans Ratio improved to 2.72% in March 2012
27.5 26.6
Trade Finance ‐3.2%27.5
2.5 O d f 4 8%
Trade Finance consists of:‐Short Term Revolving Credits
2.6 2.7 Overdraft ‐4.8% ‐ Offshore Foreign Currency Loans
‐ Factoring‐ Other Trade Products
23 Note: Latest available Trade Finance market share data as at February 2012
* Total GWB loans excludes USD (COF) loans amounting to RM2.1 billion
Global Markets: Revenue growth supported by non interest income
PBT d R 17% d 24% Y Y i l
408
Profit Before Tax
Non‐Interest Income
Net Interest Income
PBT and Revenue grew 17% and 24% YoY respectively Credit Rating for Private Debt Securities in Malaysia
462
+16.7% +23.9% Not Rated, 33%
350184
304
373 AAA, 36%
BBB &
Commercial Papers, 2%
Note: Commercial Papers of RM 0.3mil excluded from the
3Q FY11ended
31 Mar 2011
1Q FY12ended
31 Mar 2012
188 158
3Q FY11ended
31 Mar 2011
1Q FY12ended
31 Mar 2012
AA, 24%
A, 5%below, 0%
Government
ote Co e c a ape s o 0 3 e c uded o t eabove as short‐term papers are not rated
31 Mar 2011 31 Mar 2012 3 Ma 0 3 Ma 0
Group Securities Portfolio grew 18.7% annualisedand 10.9% YoY
Group Securities Portfolio: 38.5% foreign securities+18.7% YoY
Securities ‐Domestic30.7%
Government Securities ‐Foreign22.4%
Others (NIDs, 4.6 4.8 4.6 Others
64.268.1 71.2
+10.9% annualised
• 95.9% ASEAN• 4 1% non ASEAN
PDS ‐ Foreign16.1%
( ,Bas etc)6.4%
35.9 34.8 37.8
23.7 28.4 28.8 PDS
Gov Sec
RM71.2 billion
• 4.1% non‐ASEAN
24
PDS ‐ Domestic24.4%
Mar 11 Dec 11 Mar 12
• 48.1% ASEAN• 51.9% non‐ASEAN
Maybank Kim Eng* reported a total income of RM340.1 million with Malaysia contributing 40% of the total income
Total Income (RM mil.): RM340.1 mil
Malaysia, 135 3 40%
Others, 7.6, 2%
Total Income for Malaysia rose 77% YoY and 73% QoQ
6.4140.0
160.0
135.3, 40%
Hong Kong, 17.1, 5%
Indonesia, 8.7, 3%
2%
RM340.1m
RM m
illion
131.65.2 9.5
8.9 3.2
60 0
80.0
100.0
120.0
Other income
Fund based
Singapore, 78.1, 23%Thailand,
65 5 19%
Philippines, 27.7, 8%
R
62.3 65.4
0.0
20.0
40.0
60.0
Fee based
Agency/ G arantee
Other Fee Income, 2.6%
1Q FY2012 Fee-based Income for Malaysia
65.5, 19%
1Q FY2012 Equity Brokerage League Table by Country
3QFY11 2QFP11 1QFY12
Country Trading Volume(RM il)
Market Share Rank
Primary Subscriber's Fees, 53.1%Underwriting
Fees, 2.1%
Guarantee Fees, 1.4%
(RM mil)
Thailand 41,081 12.5% 1
Singapore* 32,615 7.9% 5
Malaysia 16,538 7.1% 2
Brokerage, 26.4%
Arrangers' Fees, 4.8%
Placement Fees, 3.6%
Indonesia 9,732 5.2% 5
Hong Kong 6,921 0.2% Tier 2
Philippines 6,653 9.3% 2
25
Advisory Fees, 6.1%
25Maybank Kim Eng represents the combined business of Maybank-IB and business segments under Kim Eng Holdings
* Rank is estimated based on market share
Maybank Kim Eng has maintained a strong position with several notable deals
1Q FY2012 Maybank IB’s (Malaysia) Industry Position & Market Share
Recent Notable Deals
Industry Rank by
Total Value
Deals / Issues
Market ShareRank by
ValueValue (RM bil)
Issues Share
M&A1 1 6.2 9 14.3%
Equity & Rights Off i
1 0.5 3 30.7%Offerings1
Debt Markets –Malaysia Domestic Bonds1
2 9.6 62 27.1%
Bonds1
Debt Markets –Malaysia Ringgit Islamic Bonds1
2 4.5 43 22.2%Public Offering of Shelf Registration Bond Issuance I 2012
Joint Bookrunner, Joint Mandated Lead Arranger
Up to IDR5,000,000,000,000
PT ASTRA SEDAYA FINANCE
Source: 1 Bloomberg 2 Bursa Malaysia
Equity Brokerage2
2 16.5 - 7.1%February 2012
Xiwang Special Steel Co. Ltd.
IPO
Joint Book Runner
USD171,000,000
Xiwang Special Steel Co. Ltd.
February 2012
IPO
Participating Underwriter
USD501,560,000
GT Capital Holdings, Inc
April 2012
IPO
Issuer Manager, Underwriter, Placement Agent
SGD40,400,000
Civmec Limited
April 2012
26 26
February 2012 April 2012 April 2012
Group Islamic Banking business sustained profit growth
‐4%
Maybank Islamic: Total Gross Financing grew 5% annualised to RM53.0 billion
Group Islamic Banking Income and PBT*
RM million 1Q FY12 3Q FY11 YoYGrowth
F d b d i 375 6 329 9 13 9%15.4
16.6 16.4
+36% ‐3% ‐31% +29% +4%
Fund based income 375.6 329.9 13.9%Fee based income 159.2 57.8 175.4%Total income 534.8 387.7 37.9%Allowance for losses on 40 1 (23 8) -268 5%
9.1
8 1
11.9
8 0 8.8
11.8
8.1 llion
financing 40.1 (23.8) 268.5%
Profit before tax and zakat 352.9 201.9 74.8%
6.9 6.4
8.1
4.7
8.0
5.0
8.1
RM bi
Maybank Islamic: Improving key ratios
Mar 12 Dec 11 Mar 112.8 3.0 3.1 2.8 Financing to Deposit Ratio 80.8% 83.7% 87.2%
Islamic Financing to Total Domestic Loans 28.2% 28.5% 26.7%
Gross Impaired Financing 1 23% 1 62% 2 48% AITAB Mortgage Financing
Term Financing
Others (CFS)
Term Financing
Others
Mar 11 Dec 11 Mar 12
**
G p gRatio 1.23% 1.62% 2.48%
Net Impaired Financing Ratio 0.92% 1.03% 1.58%
27
Consumer: +2% Business: +13%
*Islamic Banking (includes Maybank Islamic and the Group’s other Islamic operations)** Includes financing sold to Cagamas
Etiqa: No. 1 Position in Life/Family (new business) and General Business
Loss RatioLoss Ratio
Credit Premium
Group Premium
CombinedGross Premium
Jan-Mar 2012+4.1%
-2.8%
+38.1%
33.4%
30.7%
55.2% 56.5%
53.0%
60.0% 65.1%
Overall
Mi
Total Life/Family
Single Premium
Regular Premium
Jan- Mar 2011+3.4%
+248.6%
+17.5%
-7 5%
19.8% 20.0% 19.7%Fire
75.3% 72.8%70.4%
80.0%83.9%
Motor
Fire
Motor
MAT
Misc
+399.4%
-5.4%
-7.5%
+20.0%
-7.0%
3.8% 3.7%
197.7%
94.3%MAT
35 8%30.8%
35 1%
Total Assets (RM billion) Life/Family (New Business) Market Share
0 500 1000 1500
Total General
RM Million
+ 68.1%
35.8% 32.4% 29.0%35.1%
Mar11 Jun11 Sept11 Dec11 Mar12
Misc
24.2
Total Assets (RM billion) +7.6% YoY
No. 1 in Life/Family (New Business)
14.4%
14.7%
16.4%
Prudential Ins. & Tak.
Great Eastern Ins. & Tak.
Etiqa Ins. & Tak.
+1.3% YTD
22.2
23.9
March 2011 Dec 2011 March 2012
General Market Share
No. 1 in General9.3%
12.7%
Allianz Insurance
Etiqa Ins. & Tak.
13.0% 14.0% 15.0% 16.0% 17.0% Source: ISM Statistics (Jan11‐Dec11).
28
8.5%
0.0% 5.0% 10.0% 15.0%
HL‐MSIG Ins. & Tak.Source: LIAM/ISM Statistics(Jan11‐Dec11)Note: Dec 2011’s figure of RM23.9 billion differ from financial statements of RM25.2 billion due to
reclassification of reinsurance and retakaful assets.
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Reviewy
Economic Update and Prospects
29Financial Results: First Quarter ended 31 March 2012
Singapore: 1Q PBT up 7% to S$96m on improved fund and fee based income, partly offset by higher provision and overheads
Diversified Loan PortfolioRevenue and PBT rose 8% and 7% YoY respectively
SGD million 1Q FY12 1Q FY11 YoY 24.620.1 24.3
‐3.8% annualised
SGD millionMar 12 Mar 11 Growth
Net fund based income 117.8 112.9 4.4%Non interest income 62.4 53.8 16.1%Total income 180 3 166 7 8 2% lio
n
Consumer40%
4.6 5.3 5.3
1.2 1.3
3.3 3.3 3.3
0.8 Other (Consumer)
Car Loan
Housing Loan
Others (Corporate)
Non Bank financial InstTotal income 180.3 166.7 8.2% Provision 5.9 (1.4) ‐523.9% Profit before tax 95.5 89.3 6.9%
SGD bil
Corporate 60%
6.2
2.6 3.23.8
2.4 3.5 1.82.4 2.8 2.7
3.9 5.3
Non‐Bank financial Inst
General Commerce
Building & Const
YoY loans growth outpaced industry‘sAsset Quality remains healthy
'Mar 11 Dec‐11 Mar‐12
0.75%0.63% 0.58% 0.65% 0.58%
0.46% 0.47%0.53% 0.62%
0.25% 0 23% 0 26% 0.33% 11.40% 14.80%
24.20%20.10%
25.40%28.60%
21.40%
0.07% 0.09% 0.07%0.25% 0.23% 0.25% 0.23% 0.26% 0.33%
Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12‐1.38%
11.40%
4.97% 8.60%
Jun‐09 Jun‐10 Jun‐11 Dec‐11 Feb‐12
30
Gross NPL ratio Net NPL ratioMaybank Singapore Growth Industry Growth
BII: Net Profit growth by 78% YoY
Income Statement
Rp Billion Q1 2012 Q1 2011 %Rp. Billion Q1 2012 Q1 2011 %
Net Interest Income 1,167 975 20%
Non Interest Income 628 586 7%
Gross Operating Income 1,796 1,561 15%
Operating Expenses (excl. provision) (1,247) (1,060) 18%
Total Operating Income 549 501 9%
Provisions (220) (347) -37%
Net Operating Income 329 154 113%
Non operating income (expense) 51 62 -18%
Profit Before Tax 380 216 76%
Tax / Deferred Tax (121) (64) 91%
Net Profit After Tax 259 152 70%
Minority Interest & Profit before Acquisition 8 (2) -495%
Net Profit 267 150 78%
31
BII: PBT grew 76% on the back of 23% consolidated loans growth
Net Interest Margin Revenue and PBT (Rp billion)
1,5611,796
+15.1%
5.67%,
216380
RevenuePBT
+75.9%
5.43%
5.28%
5.22%
5.51%
216
Mar-11 Mar-12 Mar‐11 Jun‐11 Sep‐11 Dec‐11 Mar‐12
88.9%
90.4%Loan‐to‐Deposit Ratio (Bank only)Loan composition (Rp trillion)
0 40.4 0.4
56.7 59.5 62.0 67.2 69.8
85.4%
83.0%
85.8%
19.9 21.3 22.2 24.1 25.5
13.3 14.1 14.8 17.3 18.2
0.4 0.4 0.4 56.7
Mar-11 Jun-11 Sep-11 Dec-11 Mar-12
4.2 4.6 4.5 4.4 4.2
18.8 19.1 20.1 21.0 21.6
Mar-11 Jun-11 Sep-11 Dec-11 Mar-12
32
Modified LDR (consolidated) as of Mar’12 : 83.4%Modified LDR (bank only) as of Mar’12 : 81.3%
Subsidiaries Consumer SMEC Corporate Syariah
BII: Branches and touch points expansion on track
A Q liAsset QualityBranches and ATM
844 893 952 1,009 1,0171,088 1,152 1,190 4.95%
4.15% 4.03%
260 274 295 327 337 344 346 351 368
806 844 893
3.54%2.88%
2.75%
1.25%1.11%
2.27%
2.08%
Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12Branches ATM+CDM
Mar 11 Jun 11 Sep 11 Dec 11 Mar 12
Net Impaired Loans ratio Gross Impaired Loans ratio
Cost to Income Ratio Capital Adequacy : consolidated(credit, operational & market risk)
13.06%
67.88% 69.43% 65.67%
11.68%
12.33%12.46%
12.71%
k
Jan‐00 Jan‐00 Jan‐00Mar-12Mar-12Mar-11
Bank Only
33
Mar-11 Jun-11 Sep-11 Dec-11 Mar-12
CAR as of Dec‐11 after taking into account Tier 2 capital of Rp500 bln subordinated bond
d ( billi )
WOM : 5.5% growth in revenue, whilst PBT impacted by provisions arising from 2011 portfolio
Unit Financing
381 402
Revenue and PBT (Rp billion) Unit Financing(In 000 unit)+5.5%
128142
DR Billion
‐414.3%
115128
116
26
7 (22)
YTD Mar'11 YTD Mar'12
in ID 13
26
New Used Total
M 11 M 12Total Revenue Profit Before Tax
Asset Quality Financing Amount(In IDR bn)
Mar‐11 Mar‐12
3.28% 3.20% 3.04%2.72% 2.51%
1 16% 1.25% 1.29% 1 19%
1,477 1,582 1,498 1,721
1.16%0.82%
1.25% 1.19%
Mar'11 Jun'11 Sep'11 Dec'11 Mar'12
105 224
New Used Total
34
p
Gross NPL Net NPLMar‐11 Mar‐12
An Binh Bank: Financial Highlights
PBT increased by VND30 0 bil or 20% largely due Revenue and PBT
PBT increased by VND30.0 bil or 20% largely due to higher net interest income of VND91.5 bil. The increase is mitigated by the drop in non-interest income of VND12.3 bil, higher overheads f VND28 0 bil d high i i i g f
433.3
+22%
of VND28.0 bil and higher provisioning of VND21.1 bil as compared to previous corresponding period.Gross loans slightly increased by VND188.4 bil or
354.3
147.6177.6
VND Billion
Revenue
PBT
+20%
1%, contributed by corporate customers. Meanwhile, the deposit from customers is higher by VND5,752.9 bil or 25% due to increase in corporate and retail deposits. 1QFY11 1QFY12
V
Gross Loans and DepositsNPL ratio improved from 4.32% to 2.89% on the back of lower NPL and higher loans portfolio.
K R ti A t 31M 12 A t 31M 11 28 976 3
+25%+1%
Key Ratios As at 31 Mar 12 As at 31 Mar 11Return on assets 1.28% 1.23%Return on equity 11.51% 8.83%Cost‐to‐income ratio 49.45% 52.59%
18,977.7 19,166.1
23,223.4
28,976.3
ND Billion
Loans
Customer DepositsLoans to deposit ratio 66.14% 81.72%NPL Ratio 2.89% 4.32%Net Interest Margin 5.41% 5.20%
A t 31 M 11 A t 31 M 12
VNCustomer Deposits
35
As at 31 Mar 11 As at 31 Mar 12
MCB Bank: Financial Highlights
PBT i d b PKR847 3 il 11% i Revenue and PBTPBT increased by PKR847.3 mil or 11% against corresponding period, mainly contributed by increase in non-interest income (NOII) of PKR463.1 mil and lower provisioning by PKR1.1 bil Hi h NOII i ib d b h i
12,978.9 13,223.5+2%
PKR million
bil. Higher NOII is contributed by the increase from dividend income, commission and brokerage fees. However, the increase in PBT is mitigated by the
12,978.9
7,969.2 8,816.5
Revenue
PBT
+11%
drop in net interest income by PKR218.5 mil and also higher overheads by PKR509.8 mil.Gross loans declined by 10% given the challenging environment. However, deposits grew by 11%. 1QFY11 1QFY12
PBT
Gross Loans and Deposits
e v o e t. oweve , depos ts g ew by %.NPL ratio increased from 8.91% to 10.39%, due largely to the increase of NPL by PKR1.4 bil or 5%. Decline in loan balance also contributed to the higher NPL ratio
Q Q
504 982 0
+11%
PKR million
the higher NPL ratio.
Key Ratios As at 31 Mar 12 As at 31 Mar 11Return on assets 3.42% 3.43%R t it 28 09% 28 48%
279,657.5 252,772.6
456,494.7504,982.0
Gross Loans
Customer DepositsReturn on equity 28.09% 28.48%Cost‐to‐income ratio 33.74% 30.45%Loans to deposit ratio 50.06% 61.26%NPL Ratio 10.39% 8.91%
As at 31 Mar 11 As at 31 Mar 12
Customer Deposits‐10%
36
Net Interest Margin 7.65% 9.13%As at 31 Mar 11 As at 31 Mar 12
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Reviewy
Economic Update and Prospects
37Financial Results: First Quarter ended 31 March 2012
Malaysia: Sustained Economic Growth for 2012
Inflation expected to moderate to 2 7% in 2012 (2011: 3 2%)Growth to be moderate at 4 0% ‐ 5 0% in 2012 (2011: 5 1%)
15
20
25
10
12
14
Transport (RHS)
6
9
12
140
150
160 CPI and components (% YoY)
Inflation expected to moderate to 2.7% in 2012 (2011: 3.2%)
Mar ‘12 CPI: +2.1% YoY
Growth to be moderate at 4.0% ‐ 5.0% in 2012 (2011: 5.1%)
Quarterly GDP and annual growth rate
Q411 GDP: +5.2% YoY
(10)
(5)
0
5
10
4
6
8
10
Food &Non-Alcoholic Beverages(3)
0
3
6
110
120
130
140
(25)
(20)
(15)
0
2
Feb-
07M
ay-0
7Au
g-07
Nov
-07
Feb-
08M
ay-0
8Au
g-08
Nov
-08
Feb-
09M
ay-0
9Au
g-09
Nov
-09
Feb-
10M
ay-1
0Au
g-10
Nov
-10
Feb-
11
May
-11
Aug-
11N
ov-1
1Fe
b-12
Utilities, Housing & Other Fuels
g
(9)
(6)
( )
90
100
3Q06
4Q06
1Q07
2Q07
3Q07
4Q07
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
2.90 4.0
4.5
F M A N F M A N F M A N F M A N F M A N F3 4 2 3 4 2 3 4 2 3 4 2 3 4 2 3 4
RMb (LHS) % YoY (RHS) % QoQ (RHS)
Ringgit/USD: RM3.16 by end 2012
25bp hikes in OPR in Mar, May, July 10 and
OPR expected to remain unchanged at 3% until end of 2012
Ringgit Malaysia per USD
2.95
3.00
3.05
3.10 1 5
2.0
2.5
3.0
3.5 May 11
3.15
3.20
3.25
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-12
-12
-12
-12
-12
0.5
1.0
1.5
Jan-
07
Apr-
07
Jul-0
7
Oct
-07
Jan-
08
A pr-
08
Jul-0
8
Oct
-08
Jan-
09
Apr-
09
Jul-0
9
Oct
-09
Jan-
10
A pr-
10
Jul-1
0
Oct
-10
Jan-
11
A pr-
11
Jul-1
1
Oct
-11
Jan-
12
RM3.12 per USDas at 22nd May 2012
38
Jan-
Feb-
Mar
-
Apr
-
May
-
Jun-
Jul-
Aug
-
Sep
-
Oct
-
Nov
-
Dec
-
Jan-
Feb-
Mar
-
Apr
-
May
-
SRR OPR
Malaysia: Banking Sector to Remain Healthy
Total Loans grew 12.2% YoY for 1Q12 (Maybank Domestic: 13.8% YoY) Total Deposits grew 13.7% YoY (Maybank Domestic 21.2%)Total Loans grew 12.2% YoY for 1Q12 (Maybank Domestic: 13.8% YoY)
n
Total Deposits grew 13.7% YoY (Maybank Domestic 21.2%)
n
20%
25%
1100
1150
1200
1250Total Deposits Total Deposits YoY Growth
14%
16%
18%
950
1,000
1,050
Total Loans Total Loans YoY Growth
Household YoY Growth Business YoY Growth
RM billion
RM billio
5%
10%
15%
850
900
950
1000
1050
1100
8%
10%
12%
14%
700750
800
850
900
0%
5%
750
800
850
Jan‐07
May‐07
Sep‐07
Jan‐08
May‐08
Sep‐08
Jan‐09
May‐09
Sep‐09
Jan‐10
May‐10
Sep‐10
Jan‐11
May‐11
Sep‐112%
4%
6%
550
600
650
700
n‐07
r‐07 l‐07
t‐07
n‐08
r‐08 l‐08
t‐08
n‐09
r‐09 l‐09
t‐09
n‐10
r‐10 l‐10
t‐10
n‐11
r‐11
r‐12 Apr‐12
15
16 Gross NPL ‐ 3 Months (LHS) Net NPL (RHS)
Capital Adequacy remains strong at 14.7% for 1Q12 1Q12(Maybank Domestic: 15.35%)
Gross NPL RM26.0b, Net NPL ratio: 1.74%
14 7%
M S M S M S M S M S
Jan
Ap Ju Oc t Jan
Ap Ju Oct Jan
Ap Ju Oct Jan
Ap Ju Oct Jan
Ap
Apr
A
11
12
13
14
15
2.0%
2.3%
2.5%
15
20
25
30
35
%
M billion
14.7%
13.0%
7
8
9
10
Core Capital Ratio
Risk Weighted Capital Ratio1.5%
1.8%
0
5
10
15
1 1 1 1 1 1 1 1 1 1 1 1 2 2 2
RM
39
Jan‐08
Apr‐08
Jul‐0
8
Oct‐08
Jan‐09
Apr‐09
Jul‐0
9
Oct‐09
Jan‐10
Apr‐10
Jul‐1
0
Oct‐10
Jan‐11
Apr‐11
Jul‐1
1
Oct‐11
Jan‐12
Apr‐12
Jan‐1
Feb‐1
Mar‐1
Apr‐1
May‐1
Jun‐1
Jul‐1
Aug
‐1
Sep‐1
Oct‐1
Nov
‐1
Dec‐1
Jan‐1 2
Feb‐12
Mar‐12
Singapore: Growth has stabilised but inflation remains a concern
Singapore’s economy remains on track to expand by 1‐3% in 2012 but R l GDP th f 2012 t d t b 1% 3% Singapore s economy remains on track to expand by 1‐3% in 2012, butrenewed problems in the Eurozone and a persistent slowdown inChina’s manufacturing sector could hurt prospects of the country’trade‐related industries in the near term.
Inflation rate forecast for 2012 has been raised from 2 5% ‐ 3 5% to
Real GDP growth for 2012 expected to be 1% – 3% (2011: 4.9% )
15 20
7580
Inflation rate forecast for 2012 has been raised from 2.5% 3.5% to3.5% ‐ 4.5%, with the tightening of COE supply expected to push up thecost of private car ownership. Core inflation forecast has also beenraised to 2.5% ‐ 3.0% in 2012 on the back of higher oil and food prices.
Unemployment rate is expected to rise from 2.0% in 2011 to 2.2% – (10)(5)0 5 10
5055606570
Unemployment rate is expected to rise from 2.0% in 2011 to 2.2%2.4% in 2012 as companies hire more cautiously.
DBU Loan growth to ease to around 7% ‐ 10% in 2012 (from +30% in2011), weighed by a slowdown in trade financing. transportation andproperty loans.
(10)50
1Q 09
2Q 09
3Q 09
4Q 09
1Q 10
2Q 10
3Q 10
4Q 10
1Q 11
2Q 11
3Q 11
4Q 11
1Q 12 (E)
R l GDP (S$B) % Y Y G th (RHS)p ope y oa s
Net interest margin (NIM) to increase marginally to 1.8% ‐ 2.1% in 2012(vs. 1.7% – 2.0% in 2011) as banks factor in higher risk premiums inresponse to the uncertain economic climate.
3‐month SIBOR to range between 0.35%‐0.45% in 2012
Loan Growth expected to moderate to 7% 10% in 2012
Real GDP (S$B) % YoY Growth (RHS)
0.70Loan Growth expected to moderate to 7%‐10% in 2012
20%30%40%50% % YoY Growth
0.50
0.60
-10%0%
10%20%
0.30
0.40
Apr-
09
un-0
9
ug-0
9
Oct
-09
ec-0
9
eb-1
0
Apr-
10
un-1
0
ug-1
0
Oct
-10
ec-1
0
eb-1
1
Apr-
11
un-1
1
ug-1
1
Oct
-11
ec-1
1
eb-1
2
Apr-
12
40
Total Loans Business Loans Consumer Loans
A Ju Au O De Fe A Ju Au O De Fe A Ju Au O De Fe A
3-month SIBOR
Indonesia: Moderating but Respectable Growth for 2012
■ Q1 2012 GDP growth around 6.31%, lower than the growth in Q4 2011 at 6.49%. Slowing growth in Q1 2012 mainly come from slowing growth of exports (7.81% in Q1 2012 compared to 7.91% in Q4 2011) and investment (9.94% in Q1 2012 compare 11.52% in Q4 2011)
Real GDP Growth: Slowing growth
8.00%(y-y)
Q4 2011)■ Despite higher inflation expectation this year, Bank Indonesia
stays to stimulate economic growth by maintain key policy rate at 5.75%.
■ USD/IDR will hover around 9000 area due to strong capital inflow
6.31%
5.00%
6.00%
7.00%
■ USD/IDR will hover around 9000 area due to strong capital inflow and better risk appetite assuming the euro zone debt crisis solved. Yet with some volatility that might appear, we expect rupiah will most likely be in the range of 9000 – 9,400
■ Loans growth is expected to grow 20% by the end of 2012 with
3.00%
4.00%
Q1 2003
Q4 2003
Q3 2004
Q2 2005
Q1 2006
Q4 2006
Q3 2007
Q2 2008
Q1 2009
Q4 2009
Q3 2010
Q2 2011
Q1 2012
the investment segment driving growth. ■ NPL is expected to reach 3.01% for 2012.
Bank’s loan growth: Stable as at February 2012 Bank Indonesia maintain key policy rate at 5.75%
2003 2003 2004 2005 2006 2006 2007 2008 2009 2009 2010 2011 2012
30.0% (y-y %)
23.6%
20.0%15.0%
20.0%
25.0%Loan Deposits
8.0
10.0
12.0
14.0
Inflation y-y BI rate
(y y )
0.0%
5.0%
10.0%
2.0
4.0
6.0
41
Jan-10 Jun-10 Nov-10 Apr-11 Sep-11 Feb-12 0.0Nov-08 Apr-09 Sep-09 Feb-10 Jul-10 Dec-10 May-11 Oct-11 Mar-12
Prospects
Global GDP growth is forecast at 3% in 2012 (2011 est.3.8%)The Eurozone, US and China expected to record slower economic growth in 2012.
Group expects to see reasonable business growth in 2012– Malaysia: Economic Transformation Program (ETP) projects and relatively low interest rates (OPR at 3%
throughout 2012) in Malaysia– Indonesia: Strong domestic demand and a relatively under-penetrated banking sector.
Singapore: export-oriented economy will record slower growth than in 2011– Singapore: export-oriented economy will record slower growth than in 2011.
Strategy of responsible growth, equal focus on managing asset quality and liquidity through sound risk management practices, particularly given the current global environment.
Regionalisation initiatives: building a truly regional organisation and governance structure across all Regionalisation initiatives: building a truly regional organisation and governance structure across all functions by building physical infrastructure, such as IT, and in delivering value in areas such as investment banking, global wholesale banking, credit cards, global markets and payments.
Focus on further raising customer service quality, embedding right risk culture, and driving greater effectiveness and efficiency and improved cost structure.
BNM is expected to release a concept paper detailing out the revised definition of regulatory capital computation for industry consultation soon. Barring unforseen circumstances, the Bank is well prepared to comply with the BNM requirements for 2013 comply with the BNM requirements for 2013.
Notwithstanding the global challenges, the Group expects to maintain a satisfactory financial performance for FY2012 in view of expected growth in the key ASEAN markets where the Group operates. The Group is on track to achieve target Return on Equity of 15.6% on an enlarged equity base (FP11:16.2% annualised).
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MALAYAN BANKING BERHAD14th Floor Menara Maybank14th Floor, Menara Maybank100, Jalan Tun Perak50050 Kuala Lumpur, MalaysiaTel : (6)03-2070 8833
www.maybank.com
Ronnie Royston FernandizHead Finance & Treasury Operations
Investor Relations Contact
Head, Finance & Treasury OperationsContact: (6)03-2074 8963Email: [email protected]
Narita NazireeHead, Group Strategy ManagementContact: (6)03-2074 8101Email: [email protected]
Raja Indra PutraHead, Investor RelationsContact: (6)03 2074 8582Contact: (6)03-2074 8582Email: [email protected]
Disclaimer. This presentation has been prepared by Malayan Banking Berhad (the “Company”) for information purposes only and does not purport to contain all theinformation that may be required to evaluate the Company or its financial position. No representation or warranty, express or implied, is given by or on behalf of theCompany as to the accuracy or completeness of the information or opinions contained in this presentation.
The presentation does not constitute or form part of an offer, solicitation or invitation of any offer, to buy or subscribe for any securities, nor should it or any part ofit form the basis of or be relied in any connection with any contract investment decision or commitment whatsoever
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it form the basis of, or be relied in any connection with, any contract, investment decision or commitment whatsoever.
The Company does not accept any liability whatsoever for any loss howsoever arising from any use of this presentation or their contents or otherwise arising inconnection therewith.