investor presentation · 2012. 11. 9. · investor presentation financial results 9 months fy2012...
TRANSCRIPT
0
Investor Presentation
Financial Results9 Months FY2012 ended 30 September 2012
9 November 2012
www.maybank.com
1
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Review
Economic Update and Prospects
Financial Results: 9 Months FY2012 ended 30 September 2012
2
Key Highlights: Strong PATAMI growth of 18.2% YoY for 9M FY2012
Third Quarter Performance
PATAMI rose 4.4% QoQ to RM1.50 billion
Despite tighter market conditions, the Group
maintained stable loans growth.
Malaysia: Loan growth of 1.3% QoQ, with
consumer loans growing 3.4% QoQ, ahead of
industry 3.0%
Singapore: Slower growth in consumer but
better performance on corporate loans
Indonesia: Loan growth of 3.3% QoQ
Group NIM remains stable at 2.42% for the
quarter
Asset quality improved with net charge off
rate of 12bps.
Faster deposit growth in Singapore & Indonesia,
while domestic CASA growth of 10.7% QoQ ahead of
industry 6.1%
Nine Months Performance
PATAMI grew 18.2% YoY to RM4.29 billion, an
annualised ROE of 16.3%, ahead of target
Revenue growth sustained at 14.8% YoY
14.9% YoY growth in fund based income,
supported by both conventional &
Investment banking income
14.8% YoY growth in fee-based income on
healthy deal pipeline
Annualised loan growth of 12.4% for Malaysia,
higher than the industry‟s 11.2%
Group NIM for YTD Sept 2012 improved to 2.41%
from 2.40% in 1H 2012
Reduced CIR & “positive jaws” with overheads
increasing 11.4% against revenue growth of
14.8%
Corporate Development
2nd branch opening in Beijing, China
Laos branch launched – completing ASEAN footprint
Successful RM3.66 billion private placement exercise
3
Stable growth expected for the remainder of FY2012
Return on Equity
Expected to be in line with Group target
Loans growth
Malaysia: Stable QoQ growth on the back
of sustained business & consumer
confidence
Singapore: Slower loan demand
expected, but growth opportunities in
corporate loan segments
Indonesia: Stable QoQ growth, with
continued focus on franchise loan and
deposit origination capabilities
Deposit
Continued focus on growing CASA and
opportunistic strategy to capture Fixed
Deposits
Net Interest Margin
Pricing discipline with continued focus on
improving funding structure
Asset Quality
Net charge off rate to be within
management guidance
Overheads
Continued focus on overheads management,
with investment for capacity and capability
building.
Capital Adequacy
Expected to be comfortable in complying
with upcoming Basel III requirements by
Bank Negara expected to be introduced by
year end
4
Key Performance Indicators for 9 months FY12
* Annualised
** Loans growth in local currencies# Annualised as of August 2012
FY2012
Target 9M FY12* Industry
Headline KPIs
Return on Equity 15.6% 16.3%
Loans and Debt Securities
Growth15.2% 9.9%
Other targets
Group Loans Growth 16.2% 10.4%
• Malaysia 13.6% 12.4% 11.2%
• Singapore ** 11.4% 2.1% 9.5%
• Indonesia** 20.9% 17.3% 21.2%#
Group Deposits Growth 12.3% 7.1%
5
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Review
Economic Update and Prospects
Financial Results: 9 Months FY2012 ended 30 September 2012
6
3Q FY12 PATAMI rose 4.4% QoQ to RM1.50 billion with an EPS of 19.11 sen
* Adoption of revised BNM Guidelines on Financial Reporting for Insurers by an insurance subsidiary with effect from 1 July 2011
# Net of insurance claims
Net interest income 2,158.9 2,106.3 2.5% 1,873.6 15.2%
Net Fund based income (Islamic Banking) 486.1 441.3 10.2% 438.5 10.8%
Total net fund based income 2,645.0 2,547.5 3.8% 2,312.1 14.4%
Net income from insurance and takaful
business #91.4 169.7 -46.1% 176.9 -48.4%
Non-interest income 1,316.0 1,344.3 -2.1% 1,222.7 7.6%
Fee based income (Islamic Banking) 82.0 125.6 -34.7% 77.8 5.5%
Total fee-based income 1,489.5 1,639.6 -9.2% 1,477.4 0.8%
Net income 4,134.5 4,187.1 -1.3% 3,789.6 9.1%
Overhead expenses (2,044.0) (1,982.3) 3.1% (1,887.9) 8.3%
Operating Profit before allowances for
losses on loans and impairment losses on
securities
2,090.5 2,204.8 -5.2% 1,901.7 9.9%
Allowance for losses on loans (87.4) (199.4) -56.2% (98.7) -11.5%
Impairment losses on securities, net (13.9) (27.3) -49.0% 1.0 -1466.4%
Operating Profit 1,989.2 1,978.1 0.6% 1,804.0 10.3%
Share of profits in associates 35.7 47.7 -25.2% 36.5 -2.3%
Profit before taxation and zakat 2,024.8 2,025.9 -0.1% 1,840.5 10.0%
Taxation & Zakat (490.4) (546.2) -10.2% (474.3) 3.4%
Minority Interest (33.8) (42.1) -19.8% (38.1) -11.5%
Profit after Tax and Minority Interest
(PATAMI)1,500.7 1,437.6 4.4% 1,328.0 13.0%
RM million
Quarter
3Q FY12
Sep 2012
2Q FY12
Jun 2012
QoQ
Change
YoY
Change
1Q FP11
Sep 2011
7.6%
(Restated) *
EPS - Basic (sen) 19.11 18.64 17.76 2.5%
7
9M FY12 PATAMI grew 18.2% YoY to RM4.29 billion, supported by an 14.8% YoY
increase in net income
Net interest income 6,285.9 5,471.8 14.9%
Net Fund based income (Islamic Banking) 1,303.0 1,133.9 14.9%
Total net fund based income 7,588.9 6,605.7 14.9%
Net income from insurance and takaful
business #348.3 606.5 -42.6%
Non-interest income 4,068.4 3,348.2 21.5%
Fee based income (Islamic Banking) 366.8 213.2 72.0%
Total fee-based income 4,783.5 4,167.9 14.8%
Net income 12,372.3 10,773.6 14.8%
Overhead expenses (6,021.1) (5,404.0) 11.4%
Operating Profit before allowances for
losses on loans and impairment losses on
securities 6,351.2 5,369.6 18.3%
Allowance for losses on loans (482.7) (218.7) 120.8%
Impairment losses on securities, net (41.7) (108.7) -61.7%
Operating Profit 5,826.9 5,042.2 15.6%
Share of profits in associates 118.4 102.4 15.7%
Profit before taxation and zakat 5,945.3 5,144.6 15.6%
Taxation & Zakat (1,565.5) (1,338.9) 16.9%
Minority Interest (94.7) (180.7) -47.6%
Profit after Tax and Minority Interest
(PATAMI)4,285.1 3,625.0 18.2%
EPS - Basic (sen) 55.40 48.47 14.3%
(Restated) *
RM million
Nine Months
9M FY12
Sep 2012
9M ended
Sep 2011
YoY
Change
* Adoption of revised BNM Guidelines on Financial Reporting for Insurers by an insurance subsidiary with effect from 1 July 2011
# Net of insurance claims
8
Strong Balance Sheet: Total Assets grew 7.1% annualised to RM476.9 billion
* Adoption of MFRS1 with effect from 1 July 2011 resulting in changes on securities portfolio, other assets, other liabilities and shareholders funds
RM billion
Cash and short-term funds 44.3 49.1 -12.9% 40.7 8.9%
Deposits and placements with financial institutions 7.1 6.5 12.7% 6.1 16.8%
Securities purchased under resale agreements 1.6 1.4 21.5% 0.1 2535.6%
Securities portfolio 71.1 68.3 5.6% 66.2 7.4%
Loans, advances and financing 297.6 274.4 11.3% 265.3 12.2%
Statutory Deposits with Central Banks 11.6 10.6 12.9% 9.4 23.0%
Life, general takaful and family takaful fund assets 20.5 19.9 4.1% 19.4 5.9%
Other assets 23.0 22.7 1.9% 24.9 -7.6%
Total Assets 476.9 452.8 7.1% 432.1 10.4%
Deposits from customers 330.5 313.7 7.1% 293.3 12.7%
Deposits and placements of banks and
other financial institutions 37.7 36.8 3.5% 36.1 4.6%
Borrowings 10.4 7.2 60.3% 6.3 64.8%
Subordinated debts 13.2 14.2 -8.7% 13.0 2.0%
Capital Securities 6.2 6.1 1.2% 6.1 0.4%
Insurance & Takaful liabilities & policyholders' funds 20.5 19.9 4.1% 19.4 5.9%
Other liabilities 19.6 19.1 3.1% 22.5 -13.2%
Total Liabilities 438.1 417.0 6.8% 396.7 10.4%
Shareholders Funds 37.1 34.3 11.0% 33.9 9.7%
Non-controlling interest 1.6 1.6 7.7% 1.5 5.1%
Total Liabilities & Equity 476.9 452.8 7.1% 432.1 10.4%
YoY
Growth
Loan-to-Deposit Ratio 90.0% 87.5% 90.5%
30 Sep
2012
31 Dec 2011
(restated)*
9m FY12
Annualised
Growth
30 Sep
2011
(restated)*
9
Gross loans grew 10.4% annualised (11.4% YoY), led by a 12.6% growth in Community
Financial Services and 12.4% growth in Global Wholesale Banking
* Including Islamic loans sold to Cagamas and excludes unwinding of interest
RM billion30 Sep
2012
30 Jun
2012
QoQ
Growth
31 Dec
2011
9m FY12
Annualised
Growth
30 Sep
2011
YoY
Growth
Community Financial Services 132.1 127.9 3.2% 120.7 12.6% 115.2 14.6%
Consumer 104.5 101.0 3.4% 94.9 13.5% 90.6 15.3%
Total Mortgage 46.9 45.2 3.7% 42.1 15.2% 40.3 16.4%
Auto Finance 30.5 29.6 2.9% 27.7 13.7% 26.6 14.5%
Credit Cards 5.2 5.2 0.9% 5.3 -2.3% 5.0 4.4%
Unit Trust 20.5 19.7 4.1% 18.5 14.7% 17.5 17.6%
Other Retail Loans 1.3 1.3 4.4% 1.3 3.3% 1.3 4.1%
Business Banking + SME 27.6 26.9 2.5% 25.8 9.0% 24.6 12.3%
SME 4.7 4.6 4.0% 4.5 8.4% 4.9 -3.2%
Business Banking 22.8 22.3 2.2% 21.4 9.1% 19.7 16.1%
Global Wholesale Bkg (Corporate) 63.2 64.9 -2.6% 57.8 12.4% 57.9 9.2%
Other Loans 0.0 (0.0) -153.1% 0.1 -115.3% 0.1 -88.4%
Total Domestic 195.2 192.8 1.3% 178.6 12.4% 173.2 12.7%
International 106.8 108.5 -1.6% 102.2 6.0% 98.7 8.3%
Singapore (SGD billion) 25.1 25.3 -0.8% 24.7 2.1% 24.3 3.1%
BII (Rupiah trillion) 75.9 73.5 3.2% 67.2 17.3% 62.0 22.4%
Others 19.9 20.4 -2.7% 18.4 10.9% 16.8 18.2%
Investment Banking 2.7 2.7 2.1% 1.9 56.0% 1.9 46.6%
Gross Loans * 304.8 304.0 0.3% 282.8 10.4% 273.7 11.4%
10
89.2%88.8%
88.9%87.7%
82.6%83.9% 81.6%
88.0%
80.9%
91.3%
90.7%88.1%
93.9%
95.4%
94.3%
93.4%
Group LDR rose to 90%, within target of 85-90%, due to chunky deposits but offset by
improved liquidity in Singapore and BII
Loans-to-Deposit Ratio
Malaysia Singapore BII Group
Malaysia Singapore BII Group
RM bilAnnualised
Growth
YoY
GrowthSGD bil
Annualised
Growth
YoY
GrowthRp tril
Annualised
Growth
YoY
GrowthRM bil
Annualised
Growth
YoY
Growth
Savings Deposits 34.6 7.0% 8.1% 3.3 15.6% 17.3% 16.8 -5.9% 14.0% 48.8 5.2% 8.4%
Current Accounts 52.2 13.2% 3.0% 2.8 -0.5% 9.0% 12.9 6.1% 20.4% 65.6 16.4% 8.2%
Fixed Deposits 103.2 0.0% 25.1% 22.1 12.5% 16.9% 50.2 32.2% 21.9% 187.7 4.7% 19.0%
Others 27.0 5.6% -6.3% 0.6 4.0% 9.7% - - - 27.5 5.3% -3.2%
Total Deposits 217.1 4.8% 11.8% 28.8 11.3% 16.0% 80.0 18.1% 19.9% 330.5 7.1% 12.7%
Malaysia Singapore BII Group
Low cost funds (CASA) 40.2% 21.2% 37.2% 34.6%
LD Ratio 88.0% 86.7% 93.4% 90.0%
87.4%86.8%
88.4% 90.1%
87.5%87.2% 86.9%
90.0%
86.3%
81.2%87.5%
96.4%
92.5%86.6%
89.4%
86.7%
11
98.7
230.3
195.9 199.4
87.4
218.7
482.7
1Q FP11Sep 11
2Q FP11Dec 11
1Q FY12Mar 12
2Q FY12Jun 12
3Q FY12Sep 12
9M endedSep 11
9M FY12Sep 12
Asset Quality continues to improve with Net Impaired Loan Ratio at 1.22% from 2.18%
in September 2011 and charge off rate of 23bps is well within guidance
Impaired Loans RatioAllowance for losses on loans
-56.2%
QoQ
-11.4%
YoY
2.83%2.99%
2.74%
2.39%2.25% 2.18%
1.86%
1.57%
1.28%1.22%
4.60%
4.67%
4.20%
3.67%
3.34%
3.23%
2.84%
2.44%2.00%
1.90%
1 Jul 10
Day 1
Sep2010
Dec2010
Mar2011
Jun2011
Sep2011
Dec2011
Mar2012
Jun2012
Sep2012
Net Impaired Loan Ratio Gross impaired loan ratio
+120.7%
YoY
12
3,348
2,300
321
-101
515314
607
213
4,068
2,633
522
-15
645
283348
367
Total non-interest income
Commission, service charges
and fees
Investment & Trading Income
Unrealised gain/(losses) on
securities & derivatives
Foreign Exchange profit
Other Income Net income from Insurance
Business
Fee income from Islamic Operations
9 months ended 30 Sep 2011 9 months FY12 ended 30 Sep 2012
Excluding Kim Eng Holdings
9 M FY12
Sep 20123,607 17.7% 2,284 12.3% 487 51.5% (41) -112.5% 638 28.0% 239 3.9% 317 -47.2% 367 72.0%
9M ended
Sep 20113,064 2,033 322 (19) 498 230 601 213
Group Fee-based Income increased 14.8% YoY to RM4.78 billion*
+14.5%
-42.6%+62.9% +84.8% +72.0%-9.8%
RM
million
+21.5%
+25.3%
* Includes net income from insurance and takaful business & fee income from Islamic operations
and Takaful
Business
Note: The 2011 net income from insurance and takaful business included a full financial year (July 2010 to June 2011) Life fund surplus. The normalised net income from insurance
and takaful business for 2011 was RM468 mil, after excluding the 6 months Life fund surplus of RM139 mil arising from July 2010 to Dec 2010, was comparable to that of 2012.
13
1,025.1 1,071.6 1,120.9 1,173.1 1,192.8
2,922.0 3,486.8
131.9 141.1 130.3 131.5 134.9
408.6
396.8
97.2 142.9 108.2 123.6 116.2
364.3
347.9
633.7 698.4 635.4 554.1 600.1
1,709.0
1,789.6
1Q FP11 Sep 11
2Q FP11 Dec 11
1Q FY12 Mar 12
2Q FY12 Jun 12
3Q FY12 Sep 12
9M ended Sep 11
9M FY12 Sep 12
Admin, general expenses,fees & brokerage & establishment costs Marketing Expenses
IT Expenses
Personnel costs
Improved cost to income ratio of 48.2% for 9M 2012 from 50.2% a year ago
RM
million
+3.1% QoQ
+8.3% YoY
2,054 1,995 1,982 2,0441,888
# Contribution of Kim Eng Holdings for 9MFY12 is for 9 months whereas 9M FY11 ended Sept 11 is for 5 months
(Maybank completed the acquisition of KEH Group in May 2011)
5,404
6,021
+11.4% YoY
Overhead Expenses
3Q FY 12 9 months FY12
QoQ YoY YoY
Personnel costs 1.7% 16.4% 19.3%
IT Expenses 2.6% 2.3% -2.9%
Marketing Expenses -6.0% 19.5% -4.5%
Admin, general expenses,
fees & brokerage &
establishment costs
8.3% -5.3% 4.7%
Total 3.1% 8.3% 11.4%
# #
14
13.19%
14.69%13.82%
14.56%
13.38%
15.57%
14.46%
14.77%
30 Sep 11 31 Dec 11 31 Mar 12 30 Jun 12 30 Sep 12
14.32%#
30 Sep 12
9.16%
11.64%
15.39%
30 Sep 12
16.09%#
30 Sep 12
10.48%
12.96%
16.71%
8.22% 9.21% 8.73% 9.15%
10.68%11.57%
10.97% 11.44%
14.71%16.29%
15.35% 15.50%
30 Sep 11 31 Dec 11 31 Mar 12 30 Jun 12
Capital Adequacy remained strong with DRP and the private placement of Maybank
shares completed in October 2012
Note:
^ Based on actual acceptance rate on the electable portion of the 5th DRP
* Core Equity Ratio computation is based on transitional arrangements announced by BCBS# Core Equity Ratio is capped at Core Capital Ratio & Risk Weighted Capital Ratio
+ Based on actual acceptance rate on the electable portion of the 5th DRP (88.19%) and after taking into consideration the private placement of 412 million new shares at RM8.88
per share (proceeds of RM3.66 billion) which was completed on 12 October 2012
Adjusted for dividend payment and reinvestment made under
the Dividend Reinvestment Plan (DRP)
Based on 88.19%
reinvestment rate^
Proforma after
equity issuance+
Core Equity Ratio* Core Capital Ratio & Risk Weighted Capital Ratio
Core Equity Ratio* Core Capital Ratio Risk Weighted Capital Ratio
15
9M FY12 3Q FY12 1H FY12 2Q FY12 1Q FY12 FP11 FY11
Net Interest Margin 2.41% 2.42% 2.40% 2.42% 2.38% 2.53% 2.56%
Return on Equity** 16.3% 17.1% 16.1% 16.4% 16.0% 16.2% 15.2%
Fee to Income Ratio 38.7% 36.0% 40.0% 39.2% 40.8% 37.6% 36.6%
Cost to Income # 48.2% 48.9% 47.8% 46.9% 48.7% 49.8% 49.6%
Loan-to-Deposit Ratio 90.0% 90.0% 86.9% 86.9% 87.2% 87.5% 90.1%
Asset Quality
Gross Impaired Loans Ratio 1.90% 1.90% 2.00% 2.00% 2.44% 2.84% 3.34%
Net Impaired Loans Ratio 1.22% 1.22% 1.28% 1.28% 1.57% 1.86% 2.25%
Loan Loss Coverage 104.7% 104.7% 104.2% 104.2% 94.5% 86.9% 82.3%
Charge off rate (bps) 23 12 28 28 28 25 23
Capital Adequacy (Group)
Core Capital Ratio 12.96%+ 12.96%+ 11.42%^ 11.42%^ 10.97%^11.57%^ 11.68%^
Risk Weighted Capital Ratio 16.71%+ 16.71%+ 15.49%^ 15.49%^ 15.35%^16.29%^ 15.20%^
Maybank Group: Key Ratios
# Total cost excludes amortisation of intangibles for BII and Kim Eng
^ Adjusted for dividend payment and reinvestment made under the Dividend Reinvestment Plan (DRP)
** Annualised
+ Based on actual acceptance rate (88.19%) on the electable portion of the 5th DRP and after taking into consideration of the private placement
of 412 million new shares at RM8.88 per share (proceeds of RM3.66 billion) which was completed on 12 October 2012
Note - NIM 1 H FY12 Restated
16
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Review
Economic Update and Prospects
Financial Results: 9 Months FY2012 ended 30 September 2012
17
5,145
2,375
1,039 1,071
121
1,125 575
5,945
2,158 1,304 1,130
318
1,719
437
Total Community Financial Services
Corporate Banking Global Markets Investment Banking
International Banking
Insurance, Takaful &
Asset Management
9 Months ended 30 Sep 2011
9 Months ended 30 Sep 2012
10,774
4,842
1,110 1,228 634
3,216
903
12,372
4,977
1,546 1,309 1,000
3,915
745
Total Community Financial Services
Corporate Banking Global Markets Investment Banking
International Banking
Insurance, Takaful &
Asset Management
9 Months ended 30 Sep 2011
9 Months ended 30 Sep 2012
+23.4%
-9.1% +25.5% +52.7%
+15.6%
-24.0%
+29.7%
-17.5%+39.3% +57.6% +21.7%+6.6%+2.8%
+14.8%
Revenue and PBT growth across most sectorsR
eve
nu
e (
RM
mil
lio
n)
Pro
fit
bef
ore
tax
(R
M m
illi
on
)
Global Wholesale Banking (GWB)
Global Wholesale Banking (GWB)
Note: Revenue and PBT for Head Office & Others: –RM1120.3m in 9 Months FY12 vs –RM1160.5m in 9 Months ended Sep 2011
+5.4% +162.5%
(Inc. Kim Eng)
(Inc. Kim Eng)
Note: The 2011 results of Etiqa Insurance & Takaful have included a full financial year (July 2010 to June 2011) Life fund surplus. The normalized profit for 2011 was RM436
million, after excluding the 6 months profit before tax of RM139 million arising from July 2010 to December 2010, was comparable to that of 2012.
Note: The 2011 results of Etiqa Insurance & Takaful have included a full financial year (July 2010 to June 2011) Life fund surplus. The
normalized profit for 2011 was RM436 million, after excluding the 6 months profit before tax of RM139 million arising from July 2010 to
December 2010, was comparable to that of 2012.
18
4,168
1,198
384 700 486
1,088 842
4,784
1,210 537
860 864 1,313
666
Total Community Financial Services
Corporate Banking Global Markets Investment Banking
International Banking
Insurance, Takaful &
Asset Management
9 Months ended 30 Sep 2011
9 Months ended 30 Sep 2012
6,606
3,645
726 528 148
2,128
61
7,589
3,768
1,009 449 136
2,603
79
Total Community Financial Services
Corporate Banking Global Markets Investment Banking
International Banking
Insurance, Takaful &
Asset Management
9 Months ended 30 Sep 2011
9 Months ended 30 Sep 2012
Revenue grew due to higher net fund based and fee-based income
Net Fund Based Income rose 14.9%
Fee-based Income grew by 14.8%
RM
mil
lio
nR
M m
illi
on
# Includes expenditures of Head Office & Others of –RM666.4m in 9 Months FY12 vs –RM530.7m in 9 Months ended Sep 2011
# Includes expenditures of Head Office & Others of –RM453.9m in 9 Months FY12 vs –RM629.8m in 9 Months ended Sep 2011
#
#
+13.7%
+29.8%+39.0% -8.2% +22.3%-15.0%+3.4%
+14.9%Global Wholesale Banking (GWB)
+44.0%
+1.0% +39.9% +20.6%
+14.8%
-20.9%
Global Wholesale Banking (GWB)
+22.8% +77.7%
Note: A total of RM29 billion and RM1.3 billion nett of deposits and loans respectively exited CFS to Corporate on 1 July 2011, which resulted in net interest income for CFS
to be lower by RM76 million in the 9 months FY2012.
Note: The 2011 results of Etiqa Insurance & Takaful have included a full financial year (July 2010 to June 2011) Life fund surplus . The
normalized profit for 2011 was RM436 million, after excluding the 6 months profit before tax of RM139 million arising from July 2010 to
December 2010, was comparable to that of 2012.
19
78.0%
14.0%
6.0%2.0%
67.0%
14.0%
15.0%
4.0%
International:36%
9M endedSep 2011
RM12.37b
Increasing revenue and PBT contribution from international operations
RM5.95b
Revenue Profit Before Tax9M FY2012
International:36%
International:33%
International:22%
International:30%
RM10.77b RM5.14b
Gross loans*
RM304.8b
RM273.7b
International:37%
(Jan 11 – Sep 11)
(Jan 12 – Sep 12)
* Including Islamic loans sold to Cagamas and excludes unwinding of interest
68%12%16%4%Malaysia Singapore Indonesia Others
64.0%15.0%
16.0%
5.0%
70.0%
15.0%
7.0%
8.0%
64.4%
21.1%
8.1%
6.4%
63.5%
22.4%
8.1%
6.0%
20
13.1%
13.2% 13.2%13.3%
13.4%
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
2.8%
2.2%1.9%
1.6%
1.3%
Sep' 11 Dec' 11 Mar' 12 Jun' 12 Sep 12
Gross Impaired loan ratio - Mortgage
35.0 36.4 37.3 38.6 39.8
5.3 5.7 6.1 6.6 7.1
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
Housing loans Shophouse loans
Continued growth despite intense competition Asset quality continued to improve
Mortgage market share increased in the latest quarter
+15.2% annualised
Mortgage grew 15.2% annualised with increased market share and asset quality
improvement
+16.4% YoY
RM
billion
RM
bill
ion
42.145.2
43.440.3
* Industry refers to residential property and shophouses.
46.9
6.0
5.1 4.6
5.8
4.7
2.8 3.0 2.7 3.0 3.0
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12Mortgage Approval (RM billion) Mortgage Disbursement (RM billion)
Continued momentum in Mortgage Disbursement in 3Q FY12
* Based on cumulative 3 months figures
21
0.6%0.5%
0.6%0.5% 0.5%
19.0%19.4%
19.9% 20.2%20.4%
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
Gross Impaired loan ratio Hire Purchase Market Share
35% 35% 36% 35% 35%
65% 65% 64% 65% 65%
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
National Cars Non-national cars
13% 13% 13% 13% 12%
87% 87% 87% 87% 88%
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
Used cars New cars
26.127.2 28.0
29.1 29.9
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
Hire Purchase (RM billion)
Auto Finance business improved in volume and market share
Auto Finance* grew 13.6% annualised in Sep 2012
+13.6% annualised
Asset quality remained stable with increasing market share
Non-national cars formed 65% of Auto Finance* loans New cars form 88% of total Auto Finance* loans
+14.8% YoY
RM
bill
ion
* Auto Finance data refers to hire purchase arrangements only
* Auto Finance data refers to hire purchase arrangements only
22
1,473
1,487
1,471
1,488
1,502
Sep 11 Dec 11 Mar'12 Jun 12 Sep 12
4.89 5.20 5.11 5.08 5.13
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
Cards continued to gain market share
Cards receivables
RM
billion
Card base (‘000)
• Market Share for Billings and Merchant sales is 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 Market Share Cards performance outperformed industry
Sep 12 Sep 11
Cardbase 18.4% 17.7%
Billings 25.7% 23.7%
Receivables 15.2% 15.0%
Merchant Sales 32.3% 28.6%
-1.9% annualised
+4.8% YoY
+1.3% annualised
+1.9% YoY
YoY Maybank Industry*
Cardbase 1.9% -2.1%
Billings 17.8% 8.6%
Receivables 4.8% 3.5%
Merchant Sales 17.4% 4.1%
23
24.625.8 25.5
26.9 27.6
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
+9.0% annualised
Business Banking and SME: Expanding loans and deposits base, improving asset quality
Deposits growth at 7.9% on annualised basis
Business Banking and SME: Gross Impaired Loans
Ratio continued to improve
SME loans market share improving
RM
bill
ion
RM
bill
ion
*Classification of SME loans based on Bank Negara definition (SME Loan Size)
+7.9% annualised
Loans grew 9.0% annualised in Sep 2012
47.350.7 51.5 53.2 53.7
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
13.0%
11.7%
10.6%
9.0%8.6%
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
+12.3% YoY +13.4% YoY
* NPL ratio improved from 7.4% as at Sep „11 to 3.8% as at Sep „12
17.4%
19.2%19.9%
21.2% 21.5%
Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
24
13.9
2.6
27.5
29.2
15.5
2.7
27.6
27.5
16.9
2.7
25.2
35.3
Trade Finance
ContingentLiabilities
Overdraft
Trade Finance
Term Loan
Sep '12
Dec '11
Sep '11
1
2
Maintaining a strong position in terms of Trade Finance
Market Share3.
Corporate Banking Gross Impaired Loans Ratio dropped
significantly from 3.91% a year ago to 1.46% in September
2012 led by major recoveries.
Total GWB loans increased by 4.0% YoY
to RM60.2 billion.
+21.5%
YoY
-8.5%
YoY
+2.3%
YoY
RM billion
1 Trade Finance includes BA, Trust Receipts, ECR, OFCL, STRC and Factoring2 Off balance sheet Liabilities items includes BG, LC,SG and UBLC3 Market share of total trade products (on balance sheet items, contingent
liabilities and others)
3.91% 3.89%
2.72%
1.46% 1.46%
Sep '11 Dec '11 Mar '12 Jun '12 Sep '12
GWB: Loans grew moderately at 4.0% YoY, driven mainly by Term Loans while major
recoveries improved the gross impaired loan ratio
+21.5%
YoY
25.1%
26.9%
26.3%26.7% 26.6%
Sep '11 Dec '11 Mar '12 Jun '12 Aug '12
Off Balance
Sheet
Liabilities2
25
Government Securities -Domestic
28.9%
Government Securities -
Foreign22.9%
PDS -Domestic
24.3%
PDS - Foreign16.9%
Others (NIDs, Bas etc)
7.0%
34.6 34.8 36.8
29.1 28.4 29.3 2.3
4.8 5.0
Sep 11 Dec 11 Sep 12
Others
PDS
Govt. Securities
9331,129
829 761
3Q FY11Sep 2011
3Q FY12Sep 2012
Non-Interest IncomeNet Interest Income
3Q FY11Sep 2011
3Q FY12Sep 2012
Global Markets: 7.2% revenue growth supported mainly by 21.0% YoY increase in
Non-Interest Income
PBT and Revenue grew 2% and 7% YoY respectively. Credit Rating for Private Debt Securities in Malaysia as
at September 2012.
Group Securities Portfolio: 39.7% foreign securities as
at September 2012.
+2.1%
1,7621,890
+7.2%
Group Securities Portfolio grew 6.1% annualised
and 7.9% YoY.
RM71.1
billion
+7.9% YoY
+6.1% Annualised
65.968.1 71.1
PBT Revenue
AAA26%
AA26%
A5%
BBB & below4%
Commercial Papers
2%
SA (Govt. Guaranteed)
37%
1,539 1,571
RM29.3
billion
RM
million
- 97.1% ASEAN
- 2.9% Non-ASEAN
- 42.2% ASEAN
- 57.8% Non-ASEAN
26
9M FY2012 Equity Brokerage League Table by Country
9M FY2012 Total Income (RM mil)
9M FY2012 Fee-based Income for Malaysia
*Maybank Kim Eng represents the combined business of Maybank IB and business segments under Maybank Kim Eng Holdings
1,040.2
RM
million
Total Income for Malaysia rose 54% YoY
Country
Trading Value
(RM mil)YTD
Market
Share
YTD
RankQ1 Q2 Q3
Thailand 41,081 34,140 40,603 12.1% 1
Malaysia 16,538 12,578 14,393 6.9% 3
Indonesia 9,732 11,829 6,182 5.1% 4
Philippines 6,653 4,154 3,348 7.4% 4
Singapore# 32,615 23,444 26,102 7.1% 5
Hong Kong 6,921 4,978 4,739 0.2% Tier 2
# Rank is estimated based on market share
Maybank Kim Eng*: Total Income for Malaysia grew 54% YoY
Primary Subscriber's Fees
25% Arrangers' Fees21%
Advisory Fees15%
Brokerage20%Placement Fees
9%
Underwriting Fees7%
Other Fee Income
2%
Agency/ Guarantee Fees
1%
270.7
429.1
19.4
34.2
14.1
4.8
9M FP11 9M FY12
Other incomeFund based
Fee based
+54.0% YoY
304.2
468.1
Malaysia, 468.4, 45%
Singapore, 210.1 , 20%
Thailand, 199.8, 19%
Philippines, 80.6, 8%
Indonesia, 25.5, 3%
Others, 55.7, 5%
9M FY11
27
9M FY2012 Maybank IB’s (Malaysia) Industry Position &
Market Share
Source: 1 Bloomberg 2 Bursa Malaysia
Recent Notable Deals
Industry
Rank by
Value
Total
Value
(RM bil)
Deals
/
Issues
Market
Share
M&A1 1 25.3 22 30.6%
Equity & Rights
Offerings1 2 4.3 9 14.5%
Debt Markets –
Malaysia
Domestic Bonds1
1 19.0 126 28.9%
Debt Markets –
Malaysia Ringgit
Islamic Bonds1
1 15.8 117 31.9%
Equity
Brokerage2 3 43.5 - 6.9%
Maybank Kim Eng: Maintains leading position in Malaysia,
ranking Top 3 across all league tables
Acquisition Financing and Working
Capital Lines
Joint Mandated Lead Arranger
RM2,520,000,000
San Miguel Corp’s Acquisition of Esso
Malaysia Berhad
May 2012
Multi-Currency Medium Term
Notes Programme
Joint Principal Adviser, Joint Lead
Arranger, Joint Lead Manager
USD1,500,000,000
June 2012
EXPORT IMPORT BANK OF MALAYSIA
BERHAD
Sukuk Commodity Murabaha
Primary Subscriber, Commodity
Murabaha Agent
MYR2,600,000,000
July 2012
GOVERNMENT OF MALAYSIA
Adviser To Sime Darby
Disposal of Teluk Ramunia fabrication yard to Petroliam Nasional Berhad; and
Disposal of Pasir Gudang fabrication yard to Malaysia Marine and Heavy Engineering
Holdings Berhad
RM695,000,000
Sime Darby
April 2012
Joint Bookrunner for the MITI Tranche
Joint Underwriter for the Malaysia Public Offering & the Singapore
Offering IPO
USD2,243,700,000
July 2012
IHH Healthcare Berhad
Adviser to Berjaya Corporation Berhad
Privatisation of Cosway Corporation Limited from the Stock Exchange of Hong Kong Limited
URM1,430,200,000
June 2012
Berjaya Corporation Berhad
Subordinated Notes
MYR1,500,000,000
July 2012
Hong Leong Bank Berhad
Bonds Refinancing
MYR4,050,000,000
August 2012
Tanjung Bin Power Sdn Bhd
IPO of REIT
MYR4,250,000,000
September 2012
IGB REIT
28
16.3
7.4
11.4
2.6
4.5
8.2
16.6
8.1
11.9
3.1
4.7
8.0
16.5
10.7
13.8
3.4
5.8
8.0
AITAB Mortgage Financing
Term Financing
Others (CFS) Term Financing
Others (GWB)
Sep 11 Dec 11 Sep 12
Aug 12 Aug 11
AITAB 29.9% 32.6%
Mortgage 20.3% 19.4%
Term financing 24.4% 23.5%
-1%
+43%
+20%
+14%
+33%
Group Islamic Banking: PBT grew by 43.8% YoY to RM1.1 billion
Maybank Islamic: Total Gross Financing grew15% annualised
to RM58.1 billion
Consumer: +16% Business: +12%
Group Islamic Banking Income and PBT*
** Includes financing sold to Cagamas
RM
bill
ion
**
+0.04%
Maybank Islamic: Improving key ratios
Market Share
* Group Islamic Banking includes Maybank Islamic and the Group‟s
other Islamic operations
**RM million9M FY12
Sep 2012
9M ended
Sep 2011
YoY
Growth
Fund based income 1,303.0 1,133.9 14.9%
Fee based income 366.8 213.2 72.0%
Total income 1,669.8 1,347.1 24.0%
Allowance for losses on
financing20.5 (29.1) -170.4%
Profit before tax and
zakat1,102.3 766.5 43.8%
Sep 12 Dec 11 Sep 11
Financing to Deposit Ratio
(Adjusted)87.5% 83.7% 96.6%
Islamic Financing to
Total Domestic Loans29.2% 28.5% 28.2%
Gross Impaired Financing
Ratio1.02% 1.62% 1.82%
Net Impaired Financing
Ratio0.84% 1.03% 1.18%
** Negative growth on AITAB but continued to strengthen beginning Q3 post Takaful mandatory issues
29
22.93
23.94
24.84
Sept 2011 Dec 2011 Sept 2012
Etiqa: No. 1 Position in Life/Family (new business), General Insurance and
Takaful Business
Total Assets (RM billion) Life / Family (New Business) Market Share
General Insurance and Takaful Market Share
No. 1 in Life/Family
(New Business)
No. 1 in General
Insurance and
Takaful
Source: LIAM / ISM Statistics (Jul11-June12)
Loss RatioPremium
+8.3% YoY
+5.0% Annualised
0 1000 2000 3000 4000
Total Life/Family & General
Total General
Misc
MAT
Motor
Fire
Total Life/Family
Group Premium
Credit Premium
Regular Premium
Single Premium
RM Million
3Q12
3Q11
+33.3%
+3.8%
+196.1%
+21.8%
+15.4%
+9.8%
-27.7%
+18.6%
+ 14.9%
-1.2%
+22.6%
8.3%
9.6%
13.1%
0.0% 5.0% 10.0% 15.0%
HL-MSIG Ins. & Tak.
Allianz Insurance
Etiqa Ins. & Tak.
14.2%
14.5%
17.8%
0.0% 5.0% 10.0% 15.0% 20.0%
Prudential Ins. & Tak.
Great Eastern Ins. & Tak.
Etiqa Ins. & Tak.
16.2% 15.4% 22.3%
33.9% 32.7%
75.1%84.9%
74.8% 75.0%78.4%
11.3%
57.5%
43.1%
18.0%
89.5%
36.3% 34.8%32.1%
39.8%
31.1%
56.9%64.1%
58.9% 61.8%64.6%
Sept11 Dec11 Mar12 June12 Sept 12
MAT
Motor
Overall
Misc.
Fire
1Q FP11
9M FY12
9M FY11
30
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Review
Economic Update and Prospects
Financial Results: 9 Months FY2012 ended 30 September 2012
31
0.46% 0.47%0.53%
0.62%0.53% 0.53%
0.14% 0.18%0.26%
0.33% 0.32% 0.32%
Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12
Gross NPL ratio Net NPL ratio
5.5 5.3 6.5
3.1 3.24.2
2.9 3.51.7
3.0 2.8 2.8
5.3 5.3 5.1
3.3 3.3 3.2
1.1 1.2 1.5
Sep 11 Dec-11 Sep-12
Other (Consumer)
Car Loan
Housing Loan
Others (Corporate)
Non-Bank financial InstGeneral Commerce
Building & Const
Maybank Singapore loans grew at 3.0% YoY
Diversified Loan Portfolio
Asset Quality stable
Singapore: 9M PBT rose 2.8% YoY to SGD307m driven by higher fund based income,
lower net provision and marked-to-market gain
Revenue and PBT rose 0.1% and 2.8% YoY respectively
SGD million
9M
FY12
Sep 12
9M
FY11
Sep 11
YoY
Growth
Net fund based income 352.2 347.4 1.4%
Non interest income 190.3 194.5 -2.2%
Total income 542.4 541.8 0.1%
Provision (1.1) 8.9 -111.8%
Profit before tax 306.6 298.1 2.8%
SG
D b
illi
on
Consumer39%
24.624.2
Corporate 61%
24.9
2.1%
annualised
8.6%
25.4% 28.6%
14.4%
3.0%
11.4%14.8%
24.2%18.4%
9.7%
Jun-10 Jun-11 Dec-11 Jun-12 Sep-12
Maybank Singapore Growth Industry Growth
32
BII: PATAMI grew strongly by 66% YoY, NIM has improved and continuing
efficiencies in Operating Expenses
Consolidated Income Statement*Growth
In IDR Billion Sep-11 Sep-12 YoY
Interest Income 5,864 6,956 19%
Interest Expenses (2,778) (3,012) 8%
Net Interest Income 3,086 3,944 28%
Non Interest Income 1,626 1,639 1%
Gross Operating Income 4,712 5,583 18%
Operating Expenses (excl. Provision) (3,136) (3,632) 16%
Operating Income before Provision 1,576 1,952 24%
Provisions (912) (868) -5%
Operating Income After Provision 664 1,084 63%
Non Operating Income (expense)/Tax/Minority
Interest(108) (162) 50%
Net Profit after Minority Interest 555 922 66%
* Presentation is as per Bank Indonesia classification
33
Loan-to-Deposit Ratio (Bank only)
Net Interest Margin (YTD) Loans composition (IDR trillion)
BII: Strong loans growth of 22% YoY accompanied by improved asset quality
Asset Quality
5.53%5.22%
5.51%
5.89% 5.88%
Sep-11 Dec-11 Mar-12 Jun-12 Sep-12
85.8%
88.9%
90.4%
89.4%
88.5%
Sep-11 Dec-11 Mar-12 Jun-12 Sep-12
Modified LDR (consolidated) as of Sep‟12 : 81.96%
Modified LDR (bank only) as of Sep‟12 : 80.09%
2.7%
1.2%1.1% 1.0% 0.9%
4.0%
2.3%2.1%
2.2% 2.1%
Sep-11 Dec-11 Mar-12 Jun-12 Sep-12
Net Impaired Loans ratio
Gross Impaired Loans ratio
22.8 25.0 26.6 27.1 27.8
14.7 16.7 17.5 19.9 21.1 24.5 25.4 25.8 26.6 26.9 62.0
67.2 69.8 73.5 75.9
Sep-11 Dec-11 Mar-12 Jun-12 Sep-12
GWB SME Consumer Total
+17.3% ann.+22.4% YoY
(35%)
(28%)
(37%)
(36%)
(27%)
(37%)
(37%)
(25%)
(38%)
(38%)
(25%)
(37%)
(40%)
(24%)
(37%)
34
BII: Branches and touch points expansion on track
Branches and ATM
Capital Adequacy : consolidated (credit,
operational & market risk)
PATAMI
295 327 337 344 346 351 368 375 389
893952
1,009 1,0171,088
1,152 1,190 1,218 1,237
Sep-10Dec-10Mar-11 Jun-11 Sep-11Dec-11Mar-12 Jun-12 Sep-12
Branches ATM + CDM
822
725634
485469
-41
461
669
922
2004 2005 2006 2007 2008 2009 2010 2011 2012
12.33%
12.46%
12.71%
12.56%
12.33%
Sep-11 Dec-11 Mar-12 Jun-12 Sep-12
9 months
2012
We continue to invest in the expansion of network and IT infrastructure
We grew our footprint by successfully adding 38 new branches and 85
new ATMs across the country during first 9 months of 2012. We have
389 branches and 1,237 ATMs as of 30 September 2012
Data for new account opening at branches can be done by scanning the
local identity card. First to have this amongst the local banks in
Indonesia
Mobile banking is firmly in place and the Internet banking platforms for
individual, supply chain and corporates are continuously being
improved
Our new trade finance system went live recently
BII is part of the Maybank IT Transformation Project (ITTP) which will
allow continuous improvement of the Bank‟s critical applications
Through this vigorous network expansion and IT investment, the Bank
has shown positive growth in net profit
35
1,198 1,185
9 (37)
YTD Sep 11 YTD Sep 12
in ID
R B
illion
Total Revenue Profit Before Tax
Revenue and PBT (IDR billion)
Financing Amount (IDR billion)
Unit Financing (000 unit)
-1.1%
-505%
Consolidated
Consolidated
Asset Quality : First Installment Default Ratio (%)Consolidated
Stand alone
6.12%5.72% 5.69% 5.62%
4.85%
3Q FY2011 4Q FY2011 1Q FY2012 2Q FY2012 3Q FY2012
WOM Finance: Asset quality improving but sales affected by new regulations
374
50 0
424
311
58 23
392
New Used Refinancing Total
YTD Sep 11 YTD Sep 12
-7.5%
4,839
403 0
5,243
4,012
512 149
4,673
New Used Refinancing TotalYTD Sep 11 YTD Sep 12
-10.9%
36
1,270.91,329.6
329.5
540.1
3Q FY11 3Q FY12
VN
D B
il Revenue
PBT
17,776.619,721.5
25,787.3
29,609.2
As at 30 Sept 11 As at 30 Sept 12
VN
D B
il Gross Loans
Customer
Deposits
An Binh Bank: Improved profitability
Revenue and PBT
Gross Loans and Deposits
Revenue rose 4.6% VND1,329.6 bil for the nine
months ending September 2012. However, overheads
increased by 32% to VND747.8 bil as a result of
higher staff costs (+VND47.9 bil).
PBT rose 63.9% to VND540.1 bil, attributable mainly
to lower provisioning by VND332.4 bil.
Gross loans increased 10.9% YoY due to the central
bank‟s new ruling that loans to other financial
institutions will be booked as loans to customers.
Customer deposits rose 14.8% on an annualised basis
due to higher deposits from the retail sector.
NPL ratio has increased to 6.1% from 5.8%
previously, despite the higher gross loan base.
+4.6%
+63.9%
+14.8%
+10.9%
Key Ratios
9M FY12
ended 30
Sept 2012
9M FY11
ended 30
Sept 2011
Return on assets 1.40% 0.80%
Return on equity 12.10% 7.00%
Cost-to-income ratio 56.24% 44.64%
Loans to deposit ratio 66.61% 68.94%
NPL Ratio 6.06% 5.79%
Net Interest Margin 4.79% 5.09%
9M FY 11 9M FY 12
37
36.438.5
24.3 25.9
3Q FY11 3Q FY12
PK
R B
illio
n
Revenue
PBT
+5.6%
263.6 250.9
476.4
535.5
As at 30 Sept 11 As at 30 Sept 12
PKR
Billi
on
Gross Loans
Customer Deposits
-4.8%
+12.4%
+6.7%
MCB Bank: PBT rose 6.7% YoY
Revenue and PBT
Gross Loans and Deposits
PBT rose by 6.7% or PKR1.6 bil to PKR25.9 bil for
the first nine months of the year. The improved
result was supported by increase in revenue by
PKR2.1 bil, despite the higher overheads incurred
by PKR0.5 bil.
Gross loans declined 4.8% on an annualised basis
due to more the difficult economic environment.
However, customer deposits rose 12.4% to
PKR535.5 bil, mostly contributed by corporate
deposits.
NIM declined to 6.7% from 7.6%, despite the
decline in gross loans balance.
Key Ratios
9M FY12
ended 30 Sept
2012
9M FY11
ended 30 Sept
2011
Return on assets 3.19% 3.29%
Return on equity 26.69% 27.44%
Cost-to-income
ratio 33.55% 33.81%
Loans to deposit
ratio 46.84% 55.32%
NPL Ratio 10.40% 10.04%
Net Interest Margin 6.71% 7.55%
9M FY 11 9M FY 12
38
Investor Presentation
Executive Summary
Financial Performance
Business Sector Review
Country Review
Economic Update and Prospects
Financial Results: 9 Months FY2012 ended 30 September 2012
39
2.90
2.95
3.00
3.05
3.10
3.15
3.20
3.25
Mar
-11
Apr
-11
May
-11
Jun-
11
Jul-1
1
Aug
-11
Sep-
11
Oct
-11
Nov
-11
Dec
-11
Jan-
12
Feb-
12
Mar
-12
Apr
-12
May
-12
Jun-
12
Jul-1
2
Aug
-12
Sep-
12
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
Mar-
07
Jun
-07
Sep
-07
Dec-0
7
Mar-
08
Jun
-08
Sep
-08
Dec-0
8
Mar-
09
Jun
-09
Sep
-09
Dec-0
9
Mar-
10
Jun
-10
Sep
-10
Dec-1
0
Mar-
11
Jun
-11
Sep
-11
Dec-1
1
Mar-
12
Jun
-12
Sep
-12
SRR OPR
(25)
(20)
(15)
(10)
(5)
0
5
10
15
20
25
0
2
4
6
8
10
12
14
Jan
-07
Ap
r-07
Jul-
07
Oct-
07
Jan
-08
Ap
r-08
Jul-
08
Oct-
08
Jan
-09
Ap
r-09
Jul-
09
Oct-
09
Jan
-10
Ap
r-10
Jul-
10
Oct-
10
Jan
-11
Ap
r-11
Jul-
11
Oct-
11
Jan
-12
Ap
r-12
Jul-
12
Transport (RHS)
Utilities, Housing & Other Fuels
Food & Non-Alcoholic Beverages
(9)
(6)
(3)
0
3
6
9
12
90
100
110
120
130
140
150
160
170
180
190
1Q
07
2Q
07
3Q
07
4Q
07
1Q
08
2Q
08
3Q
08
4Q
08
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
2Q
12
RMb (LHS) % YoY (RHS) % QoQ (RHS)
Malaysia: Sustained economic growth for 2012-2013
MYR/USD: 3.09 by end-2012 and 3.00 by end-2013
CPI and components (% YoY)
Inflation: Moderate at 1.7% in 2012 and 2.7% in 2013 (2011:
3.2%) amid gradual subsidy rationalisation
25bp hikes in OPR in
Mar, May, July ‘10
and May ‘11
OPR: Remaining at 3.00% p.a. well into 2013
Sep ‘12 CPI:
+1.3% YoY
Real GDP Growth: 5% in 2012 and 4.8% in 2013 as resilient
domestic demand counters soft external demand
Quarterly GDP and annual growth rate2Q12 GDP:
+5.4% YoY
Ringgit Malaysia per USDRM3.06 per USD
as at 8th 2012
OPR and SRR
40
14.4%
12.7%
7%8%9%
10%11%12%13%14%15%16%17%
Jul 07
Jan 0
8
Jul 08
Jan 0
9
Jul 09
Jan 1
0
Jul 10
Jan 1
1
Jul 11
Jan 1
2
Jul 12
Risk Weighted Capital Ratio
Core Capital Ratio
0%
5%
10%
15%
20%
25%
800
900
1,000
1,100
1,200
1,300
1,400
Jan 0
7
Jul 07
Jan 0
8
Jul 08
Jan 0
9
Jul 09
Jan 1
0
Jul 10
Jan 1
1
Jul 11
Jan 1
2
Jul 12
Total Deposits Total Deposits YoY Growth
0%
5%
10%
15%
20%
500
600
700
800
900
1,000
1,100
1,200
Jan 0
7
Jul 07
Jan 0
8
Jul 08
Jan 0
9
Jul 09
Jan 1
0
Jul 10
Jan 1
1
Jul 11
Jan 1
2
Jul 12
Total Loans Total Loans YoY GrowthHousehold YoY Growth Business YoY Growth
Malaysia: Banking sector to remain healthy
Total Loans grew 11.9% YoY in Sep12 (Maybank Domestic:12.7%)
RM
bill
ion
Total Deposits grew 11.4% YoY (Maybank Domestic: 11.8%)
RM
bill
ion
Capital Adequacy remains strong at 14.8% in Sep 12
(Maybank: 15.4%)
RM
bill
ion
Impaired Loans RM24.2b, Net Impaired Loans ratio: 1.54%
(Maybank: 1.49%)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
1012141618202224262830
Mar
11
Apr
11
May 1
1
Jun 1
1
Jul 11
Aug 1
1
Sep 1
1
Oct
11
Nov 1
1
Dec 1
1
Jan 1
2
Feb 1
2
Mar
12
Apr
12
May 1
2
Jun 1
2
Jul 12
Aug 1
2
Jul 13
Impaired Loans Net Impaired Loans Ratio
41
-10%
0%
10%
20%
30%
40%
50%
Total Loans Business Loans Consumer Loans
Singapore: Economy to grow below trend in 2012 and 2013 on weak external conditions
Singapore‟s GDP growth for 2012 could come in at the lower half of the
official forecast 1.5-2.5% after total output rose by a disappointing 1.5%
y-o-y in the third quarter.
Looking ahead, the trade-dependent economy is projected to expand at
below its potential growth rate (3 – 5%) in 2013 as the IMF anticipates
growth across advanced economies to remain sluggish.
Inflation rate in 2012 is forecast to come in at around 4.6 – 4.8%, before
easing to 3.5 – 4.5% in 2013 as accommodation costs stabilised. Core
inflation is projected to average 2.5% this year, and range between 2-3%
in 2013.
Singapore‟s labour market will remain relatively tight, with the overall
unemployment rate projected to reach 2.0-2.1% in 2012 and 2.1% in
2013.
DBU Loan growth to range between 13 – 18% in this year, before easing
to around 8 – 12% in 2013 due to weaker construction and property-
related borrowing.3-month SIBOR to range between 0.35%-0.45% in 2012
Loan Growth expected to moderate to 13%-18% in 2012
0
5
10
15
20
25
30
50
55
60
65
70
75
80
3Q 09
4Q 09
1Q 10
2Q 10
3Q 10
4Q 10
1Q 11
2Q 11
3Q 11
4Q 11
1Q 12
2Q 12
3Q 12 (E)
Real GDP (S$B) % YoY Growth (RHS)
% YoY Growth
0.30
0.40
0.50
0.60
0.70
Sep-0
9
Nov-0
9
Jan-1
0
Mar-
10
May-1
0
Jul-
10
Sep-1
0
Nov-1
0
Jan-1
1
Mar-
11
May-1
1
Jul-
11
Sep-1
1
Nov-1
1
Jan-1
2
Mar-
12
May-1
2
Jul-
12
Sep-1
2
3-month SIBOR
Real GDP growth for 2012 expected to be 1.5%–2.5%
(2011: 4.9% )
42
Indonesia: Domestic demand supporting growth
■ GDP growth was sustained at above 6% in 1H 2012 (6.3% YoY), on
the back of consumer spending (5.0% YoY), public consumption
(6.5% YoY) and investment (11.2% YoY).
■ IDR remains under pressure due to volatile capital outflows and
slowdown in exports, prompting Bank Indonesia to intervene in the
market to stabilise the currency. We expect IDR/USD exchange
rate to end 2012 at 9,400.
■ Amid stable growth momentum, moderate inflation rate and
pressures on IDR so far this year, Bank Indonesia maintain its key
policy rate at 5.75%.
■ Loans growth is expected to grow 20%-24% by the end of 2012 with
the investment segment driving growth.
■ NPL is expected to reach 2%-3% for 2012.
6.37%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
Q1 2003
Q1 2004
Q1 2005
Q1 2006
Q1 2007
Q1 2008
Q1 2009
Q1 2010
Q1 2011
Q1 2012
Real GDP growth: Improving growth(y-y)
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
Nov-08 Apr-09 Sep-09 Feb-10 Jul-10 Dec-10May-11 Oct-11 Mar-12 Aug-12
Bank Indonesia maintain key policy rate at 5.75%
Inflation y-y
BI policy rate
Core Inflation y-y
(y-y %)
23.3%
21.1%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
Dec-09 May-10 Oct-10 Mar-11 Aug-11 Jan-12 Jun-12
Bank's loan growth: Increase 23.3% y-y in Aug 2012
Loan Deposits
43
Prospects
The recession in the Eurozone, and slowing growth in China, is adversely affecting the
Asian Newly Industrialised Economies (“NIEs” – Hong Kong, Singapore, South Korea and
Taiwan). However, the ASEAN 5, comprising of Indonesia, Malaysia, Philippines, Thailand
and Vietnam, is expected to outperform as resilient domestic demand is cushioning the
weakness in external demand.
Maybank‟s three home markets are Malaysia, Singapore and Indonesia with expected GDP
growth rates of 5.0%, 2.5% and 6.2% respectively.
In Malaysia, domestic demand with targeted fiscal policies for social, economic and
infrastructure projects supported by an accommodative monetary policy is providing
positive growth. In Indonesia, strong domestic demand and inflow of foreign
investment has enabled it to grow faster than 6%.
As a result, the banking sector in Malaysia and Indonesia are expected to see continued
strong growth.
In Singapore, the moderation in its economic growth and tighter lending guidelines for
the property sector is softening loan growth.
As these three markets collectively contribute more than 90% to the Group‟s income
and profit, Maybank is expected to see reasonable growth in the last quarter of the
year.
44
Prospects (cont.)
Regionalisation continues to be a major theme for the Group. We are in the process of
building a truely regional organisation with good governance and IT infrastructure to
anchor widening business capability in global wholesale banking, investment banking,
credit cards, treasury and payment operations.
The Group will also enhance its focus to raise customer service, embed the right risk
culture and improve its effectiveness and efficiency to improve the cost structure.
The Group is preparing itself for the Basel III regulatory framework and has taken proactive
measures to strengthen its equity capital ahead of the Basel III implementation.
Notwithstanding the global challenges, the Group expects a satisfactory performance for
the fourth quarter and the financial year ending in December 31, 2012 as a whole,
underpinned by ASEAN economic growth.
The Group expects to exceed its target ROE of 15.6% for FY2012 and will continue to take
a pragmatic approach on loan and debt securities growth, in line with the Group‟s strategy
to grow profitably and responsibly.
45
Mohamed Rafique Merican
Group Chief Financial Officer
Contact: (6)03-2074 7878
Email: [email protected]
MALAYAN BANKING BERHAD
14th Floor, Menara Maybank
100, Jalan Tun Perak
50050 Kuala Lumpur, Malaysia
Tel : (6)03-2070 8833
www.maybank.com
Narita Naziree
Head, Group Strategy Management
Contact: (6)03-2074 8101
Email: [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 the
information 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 the
Company 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 of
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 in
connection therewith.
Raja Indra Putra
Head, Investor Relations
Contact: (6)03-2074 8582
Email: [email protected]
Investor Relations Contact