Investor Presentation Financial Results Fi First Quarter FY2012 ended 31 March 2012 t Q t FY2012 d d 31 M h 2012 24 May 2012 www.maybank.com 0
Investor Presentation Executive S ummary Financial Performance Business S ector Review Country Review y Economic Update and Prospects 1 Financial Results: First Quarter ended 31 March 2012
Key Highlights: Sustainable Profit Growth � Profit continued to grow in 1Q FY2012 � Y ear on year, revenue grew 27.7% Y oY 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 adj ustment. � P ATAMI of RM1.35 billion grew 3.9% QoQ and 17.9% Y oY . � � Growth seen across all business pillars Growth seen across all business pillars � All business pillars recorded double digit revenue growth except for Community Financial S ervices which grew 1.6% . � PBT rose by RM319 million (+20.2% ) Y oY 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% Y oY) driven by growth of 9.5% in domestic loans (13.8% Y oY) and 15.7% growth in BII (23.2% Y oY) � Gross and Net Impaired Loan ratio continues to improve to 2.44% Gross and Net Impaired Loan ratio continues to improve to 2.44% (March 2011: 3.67% (March 2011: 3.67% ) and ) and 1.57% (March 2011: 2.39% ) respectively as at March 2012. � Strong Financial Position � Group shareholders’ funds of RM34.0 billion, total assets of RM463.3 billion � Capital Adequacy Ratio of 15.4% as at 31 March 2012 (based on 88.5% reinvestment rate) � Headline KPIs for FY2012 � Annualised ROE of 16.0% is above target of 15.6% but Loans and Debt S ecurities growth of 7 0% 7.0% i b l is below target of 15.2% f 15 2% 2
Key Corporate Developments � Strengthening of Management � Dato’ 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 2012 � � Appointment of Herminio M. Famatigan Jr. as new CEO of Maybank Philippines Appointment of Herminio M Famatigan Jr as new CEO of Maybank Philippines � Continued Regional Expansion � Local incorporation of Maybank (Cambodia) Plc to facilitate further expansion beyond current branch operations in Cambodia � Representative office opened in Myanmar in anticipation of market opening ff d f k � Putting in place mechanism to acquire full control of 48.5% -owned Kim Eng Vietnam S ecurities via call option � Proposed increase in equity interest in Anfaal Capital (S p q y p ( audi Arabian Investment Bank) from ) 18% to 35% � Continued branch expansion in Indonesia with BII adding 17 branches to 368 in 1QFY12 � Dividend Reinvestment Plan to Support Organic Growth � � Reinvestment rate of 88.5% Reinvestment rate of 88 5% achieved for Final Dividend for 6 months ended 31 Dec 2011. 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 S ubordinated Note Programme – Issued S ubordinated Notes of RM2.1 billion on 10 May 2012 � 13 April 2012: Redeems RM1.5 billion S ubordinated Bonds � 25 April 2012: Redeems US $300 million S ubordinated S ukuk � 8 May 2012: Issues S y enior Notes of US$500 million $ � 14 May 2012: Establishes US $5 billion Multicurrency Medium Term Note Programme 3
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 Singapore 11 4% 11.4% -3.6% 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 S ummary Financial Performance Business S ector Review Country Review y Economic Update and Prospects 5 Financial Results: First Quarter ended 31 March 2012
1Q FY12 PATAMI rose 17.9% YoY to RM1.35 billion Quarter 1Q FY12 2Q FP11 3Q FY11 QoQ YoY Change Change 31 Mar 12 31 Dec 11 31 Mar 11 Net interest income 2,020.7 , 2,152.7 , -6.1% % 1,771.4 , 14.1% % 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 for 2,056.0 2,064.2 -0.4% 1,618.2 27.1% losses on loans 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% Minority Interest Mi it I t t (18 8) (18.8) (73.8) (73 8) -74.5% 74 5% (43.7) (43 7) -57.0% 57 0% Profit after Tax and Minority Interest 1,346.9 1,296.7 3.9% 1,142.6 17.9% (PATAMI) EPS (sen) 17.63 17.22 2.4% 15.60 13.0% *net of insurance claims 6
Strong Balance Sheet: Total Assets grew 10.6% annualised, LDR stable at 87.2% Annualised YoY RM billion Mar 12 Dec 11 Mar 11 Growth Growth Cash 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 Statutory Deposits with Central Banks 11 1 11.1 10 6 10.6 20.3% 20 3% 4 4 4.4 151 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 Subordinated debts 14.2 14.2 14.2 14.2 0.5% 0.5% 8.0 8.0 77.1% 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% Total Liabilities T t l Li biliti 428 0 428.0 416 6 416.6 10 9% 10.9% 349 7 349.7 22 4% 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% Loan-to-deposit Ratio 87.2% 87.5% 89.8% 7
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 Annualised YoY RM billion Mar 12 Dec 11 Mar 11 Growth 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 SME 4.4 4.4 4.5 4.5 -8.6% 8.6% 14.5 14.5 -70.0% 70.0% Business Banking 21.2 21.4 -3.5% 10.6 100.0% 12.7% 17.7% GWB (Corporate) (Malaysia) 59.7 57.8 50.7 Other Loans (0.0) 0.1 -441.3% 0.0 -138.2% Total Domestic Total Domestic 182 8 182.8 178.6 178 6 9 5% 9.5% 160 7 160.7 13 8% 13.8% -0.6% 25.3% International 102.1 102.2 81.5 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 Others 19 1 19.1 18.4 18 4 16 6% 16.6% 13 5 13.5 41.5% 41 5% 42.7% 0.6 242.2% Investment Banking 2.1 1.9 Gross Loans * 287.1 282.8 6.1% 242.8 18.2% * Including Islamic loans sold to Cagamas and excludes unwinding of interest * Including Islamic loans sold to Cagamas and excludes unwinding of interest 8
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