Maybank 1Q FY12 Analyst Presentation - FINAL …...2012/05/24 · 1Financial Results: First Quarter ended 31 March 2012 Key Highlights: Sustainable Profit Growth zProfit continued

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


Executive Summary



Country Reviewy



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


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


Executive Summary



Country Reviewy



Revenue and PBT growth across most sectors

4 051


1Q FY12+61.7%

+27.7%

million)

Global Wholesale Banking (GWB)

3,172

1,589

4,051

1,614 1 308


+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


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



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



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


+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


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


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


RM billion

M '11 D 11 M '12

21


*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%


11.7%

10.6%


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%


• 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


**

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.


Executive Summary



Country Reviewy



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


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


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


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


Executive Summary



Country Reviewy



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).

42

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

43

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.

Maybank 1Q FY12 Analyst Presentation - FINAL …...2012/05/24 · 1Financial Results: First Quarter ended 31 March 2012 Key Highlights: Sustainable Profit Growth zProfit continued

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