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July 2015 Investor Presentation
Presentation Outline I. Overview II. Financial Highlights III. Ownership, Board and Management IV. Corporate Governance and Corporate Social Responsibility V. Awards and Citations
About BDO • The Philippines’ largest bank with total assets of P1.9 Tn (USD41 Bn). • A full-service universal bank with one of the widest distribution networks consisting of 895 operating branches and over 2,743 ATMs nationwide. • Part of the SM Group, one of the country’s largest conglomerates. 4
Milestones • Expansion through organic growth and M&As Acquired Citi Savings Bank, DB Trust and Acquired GE Real Bank Money Bank P1.9 TN Acquired UOB Philippines’ Acquired branch banking business P1.7 TN P1.2 TN One Network Acquired 1st e- Bank’s Bank banking business P617 BN Acquired Rural Acquired by P1.0 TN Bank of San Merged with Dao Heng SM Group Juan’s banking P149 BN P862 BN Bank Philippines business Est. as P234 BN KB license Acme Merged with Equitable P36 BN Savings PCI Bank. P121 BN Acquired Bank Acquired Amex Savings P77 BN Banco Bank Philippines Santander U/KB license Assets Philippines P13 BN 1967 1976 1994 1996 2001 2002 2003 2005 2007 2009 2010 2012 2013 2014 2015 Commercial Bank Expansion
Full Service Bank • Complete range of financial products and services Branch Transaction Consumer Insurance Trust Banking Banking Banking Lending Deposit and Cash management Brokerage Investment Auto related products services management Bancassurance Mortgage Over-the-counter Electronic banking Unit investment Credit cards transactions trust funds ATMs Personal loans Cross-selling Living trusts Prepaid cards Merchant payment distribution platform Retirement funds Merchant acquiring processing Special trusts / Remittances custodianship Corporate & Investment Private Treasury Leasing & Institutional Banking Banking Services Finance Banking Corporate and Underwriting and Direct lease, sale Wealth advisory Fixed income middle market distribution of and leaseback dealership Customized portfolio lending Fixed income and arrangements management Foreign exchange equity securities Trade finance Installment paper transactions Financial advisory purchases Specialized lending Portfolio Project finance Receivable management Financial Institutions discounting Loan syndication Liquidity Cross-border and factoring management financing 6
Market Reach • Wide and extensive coverage in key areas Europe - 15 SEA, HK, Taiwan & Korea - 9 14 Remittance Offices 1 Full-service Branch 1 Representative Office 5 Remittance Offices 3 Representative Offices North America - 3 Middle East - 2 Remittance Offices Representative Offices Philippines - 892 Branches as of 30 June 2015 29 International Offices
Domestic Distribution Network • 892 operating branches as of 30 June 2015 449 Metro Manila 278 Mobile/Internet 2,743 ATMs Nationwide Banking 97 Longer Banking Hours, 68 Weekend Banking for over 130 Mall Based Branches 8
Business Franchise • Market-leading positions in almost all business lines #1 #1 #1 #1 #1 Trust and Private Loans Deposits Remittance Asset Mgt Banking Leading Trade Major Player in Services Provider 1 Cash Management 2 #1 Local #2 #1 #1 Insurance Leasing & Investment Credit Cards 3 Brokerage 5 Banking 4 Finance Notes: 1 According to The Asian Banker, Global Finance, The Asset, & Trade Finance Magazine 2 According to The Asset 3 In terms of cardholder base & merchant acquiring gross billings 9 4 In terms of corporate issuances 5 Among insurance brokers in terms of premiums produced
Industry Ranking • No. 1 among Philippine banks Total Assets Gross Customer Loans (in PHP billions) (in PHP billions) BDO Market Share – 22% BDO Market Share – 17% Customer Deposits Assets Under Management (in PHP billions) (in PHP billions) BDO Market Share – 34% BDO Market Share – 18% Source: Company data, consolidated statements of condition (SOC). Ranking as at 31 March 2015 Note: Financials prepared by banks under BSP’s SOC requirements differ slightly from reported financials under SEC guidelines due to certain differences in accounting rules requested by the two authorities
Organizational Structure • With equity investments in allied and non-allied enterprises BDO UNIBANK, INC. PHILIPPINE PARENT BANK 11
The Banker Top 1000 World Banks – Tier 1 Capital Tier 1 Capital Ranking of Banks (as of 31 December 2013) World Rank Local Tier 1 Capital Country Name of Bank Rank ($ Mn) Current Previous 264 262 7 CHE Basier Kantonalbank 3,433 265 237 9 IND IDBI 3,429 266 303 11 ESP Ibercaja 3,421 267 284 38 USA Raymond James 3,419 268 251 1 PHL BDO Unibank, Inc. 3,413 269 230 4 IDN Bank Negara Indonesia 3,406 270 273 5 AUT Bawag PSK 3,371 271 267 17 DEU Aareal Bank 3,361 272 344 30 CHN Bank of Hangzhou 3,360 273 271 6 MYS Bank Rakyat 3,351 12
The Banker Top Philippine Banks – Tier 1 Capital Tier 1 Capital Ranking of Banks (as of 31 December 2013) World Rank Local Tier 1 Name of Bank Rank Capital Current Previous ($ Mn) 268 251 1 BDO Unibank, Inc. 3,413 314 333 2 Metropolitan Bank & Trust 2,758 382 386 3 Bank of the Philippine Islands 2,108 506 642 4 Philippine National Bank 1,394 590 655 5 Rizal Commercial Banking Corp. 1,099 680 663 6 Security Bank 880 681 702 7 China Banking Corporation 878 751 765 8 Union Bank of the Philippines 736 13
Credit Ratings Capital Moody’s Fitch Intelligence 18 Jun 2015 24 Apr 2015 25 Aug 2014 Foreign Currency Issuer/Debt Rating (IDR) Long Term Baa2 BB+ BBB- Short Term Prime-2 B A3 Outlook Stable Positive Stable Baseline Credit Assessment (BCA) baa2 Adjusted BCA Rating baa2 Viability Rating bb+ Financial Strength Rating BBB- Outlook Positive Counterparty Risk (CR) Assessment Baa1(cr)/ P-2 (cr) Source: Moody’s, Fitch and Capital Intelligence
Trading Fact Sheet Stock Details Common Shares Type Stock Ticker BDO ISIN PHY077751022 Philippine Stock Exchage Exchange Par Value P10.00 3,580,875,328 Outstanding No. of Shares Foreign Owneship Up to 40% American Depositary Receipts (ADR) Program Details Type Sponsored Level 1 ADR BDOUY ADR Ticker ISIN US05537Y3045 Ratio 1 ADR = 10 Ordinary Shares Deutsche Bank Trust Company Americas Depositary Bank Contact Details ADR Broker Helpline + 1 212 250 9100 Tel (New York) Tel (London) + 44 207 547 6500 Email adr@db.com www.adr.db.com ADR website Deutsche Bank AG, Manila Branch Depositary Bank's Local Custodian 15
Presentation Outline I. Overview II. Financial Highlights III. Ownership, Board and Management IV. Corporate Governance and Corporate Social Responsibility V. Awards and Citations
1Q15 Income Statement (in PHP billion) 1Q15 1Q14 YoY % Interest Income 16.8 15.1 11% Interest Expense 3.5 3.0 17% Net Interest Income 13.3 12.1 9% Non-interest Income 8.8 7.1 24% Fee Income 4.3 4.0 7% Trading & FX 3.4 2.2 54% Others 1.1 0.8 25% Gross Op Income 22.0 19.2 15% Operating Expense 13.3 11.9 12% Pre-Provision Op Profit 8.7 7.3 19% Provisions 1.2 1.3 -10% Taxes 1.4 0.5 162% Net Income 6.1 5.5 12% 17
2009 to 2014 Income Statement (in PHP billion) 2009 2010 2011 2012 2013 2014 Interest Income 48.8 49.9 50.5 54.0 56.6 63.6 Interest Expense 18.3 15.8 16.9 17.9 13.4 12.4 Net Interest Income 30.6 34.2 33.6 36.1 43.2 51.2 Non-interest Income 15.5 17.8 20.9 24.4 31.8 29.5 Fee Income 9.6 10.4 12.3 13.4 15.5 18.0 Trading & FX 3.6 5.8 5.6 8.2 12.8 7.1 Others 2.3 1.6 3.0 2.8 3.6 4.4 Gross Op Income 46.0 52.0 54.5 60.5 75.0 80.7 Operating Expense 32.1 34.8 35.8 39.5 43.3 48.5 Pre-Prov Op Profit 13.9 17.2 18.7 21.0 31.8 32.2 Provisions 6.2 6.7 6.1 4.9 7.0 5.1 Taxes 1.7 1.6 1.7 1.6 2.1 4.2 Net Income 6.0 8.8 10.8 14.5 22.6 22.8 18
1Q15 Balance Sheet (in PHP billion) 1Q15 1Q14 YoY % Resources Reserve Assets 472.7 467.7 1% Investment Securities 234.5 186.6 26% Gross Customer Loans 1,104.7 956.5 15% Investment Properties 13.1 10.0 32% Other Assets 29.4 24.6 20% Total Resources 1,854.4 1,645.4 13% Liabilities Deposits 1,492.1 1,334.4 12% CASA 977.2 832.0 17% Bills Payable/Sub-Debt 102.2 81.8 25% Other Liabilities 79.1 63.0 26% Total Liabilities 1,673.4 1,479.2 13% Total Capital 181.0 166.2 9% Total Liabilities & Capital 1,854.4 1,645.4 13% 19
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