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Investor Presentation
Financial ResultsSecond Quarter and First Half FY2020 ended 30 June 2020
27 August 2020
1
Table of Contents
Executive Summary 2
Results Overview 8
Appendix:
1. Financial Performance 20
2. Community Financial Services 31
3. Global Banking 34
4. Maybank Singapore 37
5. Maybank Indonesia 40
6. Other Segments 43
Financial Results: 2Q FY2020 and 1H FY2020 ended 30 June 2020
2
2Q FY2020 Overview on Macro-Environment and Maybank’s Performance
COVID-19 Pandemic Containment Efforts Impact to Maybank Group’s Second Quarter FY2020 Results
Income:
NIM compresses on more rate cuts & net impact of RM314m for
Day-One modification loss for fixed rate financing assumptions
Offset by Group CASA growth of 10.3% QoQ driven by home
markets
Loan volumes fall QoQ as business activities come to a standstill
for most of 2Q’2020. Only CFS Malaysia grows on mortgage loan
stock drawdowns and strong SME financing disbursements
Core fees declined QoQ on reduced business activities while
investment and trading income was muted
Net fee income from insurance improved QoQ on lower bond
yields QoQ (versus yield pick-up seen towards end-Mar’20)
Provisioning:
New NPL formation remains relatively benign
Increased management overlay for specific business and
corporate borrowers in home markets displaying weakness
Increased forward looking assumption provisioning for retail
portfolio overseas on weaker macroeconomic variables
WHO declares Covid-19 a pandemic on 11 March.
Countries close borders and implement
restricted movement orders thereafter
Cost:
QoQ overhead expenses decreased as staff mobility reduced,
lesser marketing expenses on cancelled physical events and lower
business activity-related fees
1H’FY2020 CIR at 45.6% with positive JAWs of 5%
Business activities dropped in 2Q’2020:
Malaysia: Movement Control Order (MCO)
from 18 March to 9 June, followed by
Recovery MCO
Singapore: Circuit breaker measures from 7
April to 1 June, before resuming activity
gradually using 3-phased approach
Central banks globally announced:
Drastic interest rate cuts to promote
economic stimulus and lower cost of debt
Financing moratoriums, liquidity & capital
easing measures for banks, with some
restricting banks’ dividend distributions in
2020 to preserve capital strength
Governments rolled out:
Sizeable economic stimulus packages to
support the cash flow of affected
businesses and provide financial assistance
to individuals
3
Continued Commitment in Supporting Customers Through the COVID-19 Pandemic
Maybank Group’s Loans Under Moratorium, Relief or R&R Programmes for Three Home Markets
^Against outstanding total gross loans by each country’s segment @ 31 July 2020
Maybank Singapore has provided SGD860 million government
relief loans (i.e., Enterprise Singapore loans) to 1,400 RSME
and Business Banking customers¹ as at 18 August
% of Outstanding Loan Balance^Malaysia
as at 14 Aug
Mortgage 83.9%
Auto Finance 90.1%
Unit Trust 92.5%
Other Retail Loans 54.9%
SME 85.6%
Business Banking 77.5%
Corporate 25.7%
% of Outstanding Loan Balance^Singapore
as at 14 Aug
Mortgage 10.4%
SME 28.2%
Business Banking 37.4%
Corporate 7.6%
Total 3.5%
% of Outstanding Loan Balance^Indonesia
as at 14 Aug
Mortgage 12.6%
Auto Finance 20.8%*
Credit Cards & Personal Loans 9.4%
RSME 20.3%
SME+ 18.8%
Business Banking 12.4%
Corporate 21.4%
Total 17.7%
* Bank-only, not including
subsidiaries i.e., WOM
and Maybank Finance.
All non-retail
debtors have been
engaged to assess
their business
conditions and to
proactively
restructure, where
needed.
• Since our 8th May disclosures, loans under automatic moratorium
reduced as customers opted out and continued with repayments
• As of 14 Aug, total BNM Special Relief Facility loans disbursed to
SMEs was RM1.4 billion
Continued Repayment Assistance by Maybank, post moratorium
• With automatic moratorium expiring on 30 Sep 2020, we have
proactively engaged customers – to remind them on the expiry of
moratorium and to offer Repayment Assistance Package options to
ease the financial burden of those who may be affected by the
COVID-19 pandemic.
• Customers can apply for Repayment Assistance up to 30 Sep 2020 –
via various channels such as Maybank2u (excluding Hire Purchase),
phone calls, emails or by visiting our branches.
• Assistance will be tailored to best suit the need of each customer:
a) Repayment Assistance with 3 months deferment in
instalment for those who have lost employment, suffered
pay cut, on unpaid leave or suffered loss in business income
due to the pandemic.
b) Rescheduling of tenures or restructuring of the facilities in
line with customer’s repayment capability.
¹ Based on number of accounts
4
Leveraging Digital Platforms to Support Transactions During COVID-19 Pandemic
New / Enhanced Digital Initiatives
• Online application of Repayment Assistance Package (Malaysia)
• Opening of business accounts via Maybank2u (Malaysia). 57% of all SME deposit
accounts opened in Jun’20 were through STP
• Conducted first fully online Treats Fair so customers can redeem their TreatsPoints
• First in Singapore to launch the dynamic PayNow QR payment terminals for
merchants in Apr’20 (Singapore)
• Video KYC for NTB account opening through M2U in April, enabling fully digital
customer on-boarding (Indonesia)
25.70
42.50
48.70
Jun 2019 Mar 2020 Jun 2020
4.325.89 5.10
9.56 11.07 12.63
113.10
132.40139.00
Jun 2019 Mar 2020 Jun 2020
Maybank2u
Moneta
ry T
ransa
cti
on V
alu
e
(RM
bln
/ID
R t
ln/S
GD
bln
)
Mobile App QRPAY
QR
Pay
Tra
nsa
cti
on V
olu
me
Increasing Digital Transactions Through Multiple E-Platforms/Applications
1.61 mln
1.88 mln
1.59 mln
Jun 2019 Mar 2020 Jun 2020
3.91 5.927.83 24.89k
393.40k
Moneta
ry T
ransa
cti
on V
alu
e
(RM
bln
/ID
R t
ln)QoQ: 5.0%
YoY: 22.9 %
QoQ: 14.1%
YoY: 32.1%
QoQ: -13.4%
YoY: 17.9%
QoQ: 14.6%
YoY: 89.5%
QoQ: 32.3%
YoY: >100%
QoQ: -15.5%
YoY: -1.2%%
QoQ:>100%
Transaction Volume Growth (QoQ):
MY: 35.7% IND: 28.1%
Transaction Volume Growth (QoQ):
MY: 28.5% IND: 17.8% SG: 0.8%
5
Maybank Performance OutlookGroup guidance for remainder of FY2020
• NIM compression guidance widened to 20 bps for FY2020, incorporating latest rate cuts in 2H’2020 and
net mod loss impact of RM314 million.
• To maintain good quality deposits in local currencies, with strong CASA growth in home markets.
• Continued cost management discipline as done over the years, with added emphasis in reducing non-
staff discretionary expenses (i.e.: events, travel, etc). CIR target of below 48% for FY2020.
• Maintaining group net credit charge off (NCC) ratio guidance for FY2020 of between 75 bps to 100 bps.
NCC to remain elevated into FY2021. Ongoing bottom-up borrower assessments to determine AQ impact.
• Group ROE guidance of circa 7.5%, arising from COVID-19 impact to the Group’s income and provisioning.
• Key priority is to conserve capital and liquidity strength in this uncertain environment.
• No interim dividend proposed. Final dividend consideration will be dependent on full year FY2020 profit
and subject to regulatory approvals.
• Growth in Malaysia supported by retail and non-retail disbursements. Expected slowdown in key overseas
markets, but offset by slower repayments given moratoriums.
• We have been engaging borrowers since 1H FY2020 on a continuous basis to ascertain business viability
and monitor borrowers’ evolving cash flow considerations. Arising from these engagements, we have
been offering targeted repayment, rescheduling and refinancing assistance to borrowers tailored to their
specific needs and will continue to do so.
• As part of our risk and asset quality management, we will maintain ongoing engagement with non-retail
and corporate borrowers. Details on post moratorium extension requests by retail borrowers will only be
known after 30 Sep 2020.
Key Guidance
Loan Growth
& Moratorium
Extensions
6
Key Indicators Outlook
Indonesia
• GDP: -6.0% (2020F) vs 0.7% (2019)
• System loan: -2.0 to 1.0% (2020F) vs 4.2% (2019)
• 3M SIBOR: 0.40% (2020F) vs 1.77% (2019)
• USD/SGD average: 1.38 (2020F) vs 1.36 (2019)
• Inflation: -0.5% (2020F) vs 0.6% (2019)
• GDP: -0.5% (2020F) vs 5.0% (2019)
• System loan: 1.5% (2020F) vs 6.1% (2019)
• Reference Rate: 4.00% (2020F) vs 5.00% (2019)
• USD/IDR average: 14,568 (2020F) vs 14,313 (2019)
• Inflation: 2.2% (2020F) vs 3.0% (2019)
Singapore
Market Outlook2020 industry outlook for our home markets
• GDP: -5.4% (2020F) vs 4.3% (2019)
• System loan: 2.0% (2020F) vs 3.9% (2019)
• OPR: 1.75% (2020F) vs 3.00% (2019)
• USD/MYR average: 4.15 (2020F) vs 4.14 (2019)
• Inflation: -0.5% (2020F) vs 0.7% (2019)Malaysia
• Slower growth arising from the COVID-19 pandemic
will come from domestic demand activities,
especially private consumption, through the
realisation of government incentive programmes.
• OJK policy giving leniency for loan restructuring
might help prevent NPL spikes. However, likely to
have a negative impact on NIM.
• Recovery in 2H will be sluggish and choppy,
dampened by the slow reopening of businesses,
border controls, strict social distancing rules and
foreign worker shortages.
• Aggressive policy measures that focus largely on
ensuring cash flow for affected corporates and
households might assist in managing NPL risk better
than past cycles.
• The economy is expected to shrink, reflecting the
impact of the COVID-19 pandemic, domestic
Movement Control Order (MCO) and drop in crude
oil prices.
• Slower loan growth and NIM compression expected
amid OPR cuts, with the MCO likely to dampen
consumer sentiment and demand. Credit costs are
also expected to rise.
7
Table of Contents
Executive Summary 2
Results Overview 8
Appendix:
1. Financial Performance 20
2. Community Financial Services 31
3. Global Banking 34
4. Maybank Singapore 37
5. Maybank Indonesia 40
6. Other Segments 43
Financial Results: 2Q FY2020 and 1H FY2020 ended 30 June 2020
8
1H FY2020
Net Profit of
RM2.99 billion
Maybank Group 1H FY2020 OverviewStronger net fee based income performance drove Group’s 5.3% YoY revenue growth
• Net operating income grew by 5.3% YoY to RM12.37 billion as net fee based
income increased by 27.8%, mitigated by lower net fund based income of 3.4%
• Pre-provisioning operating profit improved by 9.9% YoY as cost discipline yielded
flat overheads YoY
• Net profit was down 20.2% YoY on proactive provisioning given weaker economic
outlook across markets
1
• Robust liquidity risk indicators with Group LCR at 140.5%, Group LDR at 90.6%,
Group LTF at 83.0% and Group LTFE at 73.1% as at 30 June 2020
• Total capital and fully loaded CET1 capital ratios at 19.04% and 15.43%
respectively as at end-Jun’20
Robust Liquidity
and Capital Positions
3
Balance Sheet
Management
2• Continued loans expansion in Malaysia of 4.4% YoY, but offset by a contraction in
our overseas markets of 8.4%, resulting in Group loans decline of 1.0% YoY
• Group CASA ratio of 40.2% as at end-Jun’20 on focused expansion of cheaper
deposits across home markets. Group deposits increased by 2.2% YoY on CASA
expansion despite decline in FDs and Other Deposits
9
P&L Summary: 1H FY2020PPOP growth of 9.9% YoY driven by strong net fee based income and flat overhead expenses
Note:
* From consolidated 1H FY2019 Group numbers, Insurance and Takaful accounts for 11.3% of net fund based income and 5.9% of net fee based income
¹ Pre-provisioning operating profit (PPOP) is equivalent to operating profit before impairment losses
² Net Profit is equivalent to profit attributable to equity holders of the Bank
More
details
onRM million
1H
FY2020
1H
FY2019YoY
2Q
FY2020
1Q
FY2020QoQ
2Q
FY2019YoY
s.22 Net fund based income * 8,184.7 8,473.7 (3.4)% 3,840.3 4,344.5 (11.6)% 4,166.8 (7.8)%
s.12/
13/22 Net fee based income * 4,188.0 3,276.1 27.8% 1,808.3 2,379.7 (24.0)% 1,722.9 5.0%
s.20/
21 Net operating income 12,372.7 11,749.8 5.3% 5,648.5 6,724.2 (16.0)% 5,889.7 (4.1)%
s.14 Overhead expenses (5,648.3) (5,629.3) 0.3% (2,706.3) (2,942.0) (8.0)% (2,821.7) (4.1)%
s.21 Pre-provisioning operating profit (PPOP) 1 6,724.4 6,120.5 9.9% 2,942.2 3,782.2 (22.2)% 3,068.0 (4.1)%
Net impairment losses (2,765.0) (1,089.6) >100% (1,740.7) (1,024.3) 69.9% (452.3) >100%
Operating profit 3,959.4 5,030.9 (21.3)% 1,201.5 2,757.9 (56.4)% 2,615.7 (54.1)%
s.20 Profit before taxation and zakat (PBT) 4,053.5 5,102.0 (20.6)% 1,255.7 2,797.8 (55.1)% 2,651.6 (52.6)%
Net Profit 2 2,991.4 3,750.1 (20.2)% 941.7 2,049.7 (54.1)% 1,940.9 (51.5)%
EPS - Basic (sen) 26.6 33.8 (21.4)% 8.4 18.2 (54.0)% 17.5 (52.0)%
10
(5.2)%
22.9 21.8
19.9 17.0
Jun 19 Jun 20
Community Financial Services Global Banking
+5.6%
+0.7%
(14.5)%
(4.8)%98.4 80.9
40.538.4
Jun 19 Jun 20
(17.8)%
195.8 230.6
291.9 270.0
73.2 72.7
Jun 19 Jun 20
14.1 16.6
31.5 32.2
Jun 19 Jun 20
CASA FD Others
131.5 157.5
146.5 125.2
73.2 72.7
Jun 19 Jun 20
41.4 42.3
84.1 63.7
Jun 19 Jun 20
355.4
(0.6)%(7.5)%
222.2 234.6
80.5 81.0
Jun 19 Jun 20
+17.8%
(0.6)%
119.5525.6 520.2
Jun 19 Jun 20
Net Fund Based Income: 1H FY2020 YoY Trends (1/2)Continued CASA growth Group-wide with reduction in costlier funds; while Malaysia loan growth in line with industry
302.9
42.9139.2
RM
billion
SG
D b
illion
IDR
tri
llio
n
Gross Loans (YoY)
+4.4% (9.1)% (14.2)% (1.0)%
RM
billion
Group Malaysia Singapore Indonesia
38.9
316.1
Note:
• Industry loans growth for Malaysia is 4.1%, Singapore is 2.1% and Indonesia is 1.0%
• CASA ratio for Group and Malaysia includes investment accounts
• Refer to pages 24-26 for detailed information on loans and deposits growth by country and products.
+17.8%
RM
billion
RM
billion
SG
D b
illion
IDR
tri
llio
n
Group Deposits (YoY)
30.8% 34.0%37.5% 44.3%34.9% 40.2% 33.0% 39.9%CASA
Ratio:
(14.5)%
+19.8% +2.1%(24.4)%
560.9 573.3351.2
45.6 48.8125.6
105.9
+1.2% +7.0% (15.6)% +2.2%
+2.1%
11
2.27
2.36
2.33
2.27
2.09
FY2016 FY2017 FY2018 FY2019 1H FY2020
2.17 Without
mod loss
With mod
loss
Net Interest Margin (%)
5 Year Trend
Net Fund Based Income: 1H FY2020 (2/2)NIM compresses 18 bps on drastic rate cuts in 1H’2020 and net impact from Day-One modification loss
2.19
2.32 2.29 2.23
1.95
2Q '19 3Q '19 4Q '19 1Q '20 2Q '20
QoQ Trend
Rate cuts in 1H’2020:
100 bps OPR cut
3-mth SIBOR reduces 120+ bps
75 bps cut in Indonesia’s Reference Rate
12
3,276 2,561
277 438
4,188 3,538
297 353
Total Other Operating Incomefrom Banking Operations
Fee Income fromIslamic Operations
Net Fee Incomefrom Insurance
1H FY2019
1H FY2020
RM
million
Net Fee Based Income: 1H FY2020 (YoY)Growth driven by realised securities disposal gains and MTM derivatives revaluation gains
+38.2% YoY +7.1% YoY (19.4)% YoY +27.8% YoY
Notes using Maybank’s 2Q FY2020 Financial Statements:
¹ Group’s ‘Other operating income’ [Note A25] less ‘Other operating income’ from Insurance [Note A40(a)]
² Summation of ‘Other Operating Income’ from Insurance and ‘Net earned insurance premiums’ under Note A40(a) with ‘Net insurance benefits and claims incurred, net fee and
commission expenses, change in expense liabilities and taxation of life and takaful fund’ under Note A26
1 2
RM million1H
FY2019
1H
FY2020YoY
Commission, service charges and fees 1,579 1,513 (4.1)%
Investment & trading income 645 1,248 93.7%
Unrealised gain/ (losses) on financial
assets and investments1,041 28 (97.3)%
Derivatives and financial liabilities (218) 651 (>100)%
Foreign exchange profit 432 146 (66.3)%
Other income 179 174 (3.1)%
Total Group’s Other Operating Income 3,658 3,761 2.8%
Of which: Other Operating Income from Insurance 1,097 222 (79.7)%
13
1,723 1,385
134 205
2,380 2,128
187 64
1,808 1,411
109 289
Total Other Operating Incomefrom Banking Operations
Fee Income fromIslamic Operations
Net Fee Incomefrom Insurance
2Q FY2019
1Q FY2020
2Q FY2020
+1.9% YoY +5.0% YoY
(24.0)% QoQ (33.7)% QoQ +>100% QoQ
RM
million
Net Fee Based Income: 2Q FY2020 (QoQ)Weaker QoQ fee based income on lower core fees and investment income as well as MTM losses on derivatives
RM million2Q
FY2020
1Q
FY2020QoQ
2Q
FY2019YoY
Commission, service charges and fees 693 820 (15.5)% 805 (13.9)%
Investment & trading income 479 769 (37.7)% 438 9.4%
Unrealised gain/ (losses) on financial
assets and investments1,380 (1,352) (>100)% 476 >100%
Derivatives and financial liabilities (412) 1,063 (>100)% (62) (>100)%
Foreign exchange profit 197 (52) (>100)% 221 (10.8)%
Other income 90 84 6.2% 101 (11.5)%
Total Group’s Other Operating Income 2,427 1,333 82.1% 1,980 22.6%
Of which: Other Operating Income from Insurance 1,017 (795) (>100)% 595 70.9%
Notes using Maybank’s 2Q FY2020 Financial Statements:
¹ Group’s ‘Other operating income’ [Note A25] less ‘Other operating income’ from Insurance [Note A40(a)]
² Summation of ‘Other Operating Income’ from Insurance and ‘Net earned insurance premiums’ under Note A40(a) with ‘Net insurance benefits and claims incurred, net fee and
commission expenses, change in expense liabilities and taxation of life and takaful fund’ under Note A26
1 2
+41.0% YoY (41.7)% QoQ (18.3)% YoY
14
Overheads: 1H FY2020 (YoY)Cost discipline results in flat overheads YoY with CIR of 45.6% and positive JAWs of 5.0%
Note:
¹ Total cost excludes amortisation of intangible assets for Maybank Indonesia and Maybank Kim Eng
RM million1H
FY2020
1H
FY2019YoY
2Q
FY2020
1Q
FY2020QoQ
2Q
FY2019YoY
Personnel Costs 3,371.0 3,343.6 0.8% 1,644.0 1,727.0 (4.8)% 1,656.6 (0.8)%
Establishment Costs 916.4 890.0 3.0% 458.4 458.0 0.1% 448.7 2.2%
Marketing Expenses 185.2 291.8 (36.5)% 76.5 108.7 (29.6)% 151.1 (49.4)%
Administration & General
Expenses 1,175.8 1,103.9 6.5% 527.4 648.3 (18.6)% 565.3 (6.7)%
Total 5,648.3 5,629.3 0.3% 2,706.3 2,942.0 (8.0)% 2,821.7 (4.1)%
%1H
FY2020
1H
FY2019YoY
2Q
FY2020
1Q
FY2020QoQ
2Q
FY2019YoY
Total Cost to Income ¹ 45.6% 47.9% (2.3)% 47.9% 43.7% 4.2% 47.9% 0.0%
Group JAWS Position 5.0% (8.0)% 0.0%
15
391.6
958.0
333.9
961.7
1,739.3
995.6
2,700.9
2QFY2019
3QFY2019
4QFY2019
1QFY2020
2QFY2020
1HFY2019
1HFY2020
Allowances for losses on loans
78.0% 76.7% 77.3% 81.5%90.5%
90.2% 89.1% 90.8%89.5%
99.2%
Loan loss coverage incl. Regulatory Reserve
Loan loss coverage
Allowances for losses on loans
Asset QualityIncreased provisioning on management overlay while GIL reduces on higher account write-offs
Note:
Loan loss coverage includes ECL for loans at FVOCI as per Note A11(xii) of the Group’s Financial Statements
RM
million
GIL Ratio ComponentsJun
2020
Mar
2020
Dec
2019
Sep
2019
Jun
2019
Non Performing Loans
(NPL)2.03% 2.20% 2.20% 2.12% 2.01%
Restructured &
Rescheduled (R&R)0.09% 0.06% 0.05% 0.13% 0.16%
Performing Loans
Impaired Due to
Judgmental/ Obligatory
Triggers (IPL)
0.37% 0.45% 0.40% 0.42% 0.45%
GIL Ratio 2.49% 2.71% 2.65% 2.67% 2.62%
Group Gross Impaired Loans (GIL) Ratio Composition
2.11% 2.07% 1.95% 1.96% 1.68%
3.26% 3.39% 3.87% 4.04%3.41%
4.26%5.05%
4.48% 4.93%6.17%
Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
Malaysia Singapore Indonesia
GIL Ratio by Home Markets
1H FY2020 ECL includes:
• ~RM500 million
additional provisioning
on MEV adjustments
• ~RM1.0 billion in
management overlays
16
MBI GIL normalised to
include IFRS 9 impact
0.63% 0.58% 0.55% 0.64%0.50%
1.66% 1.71% 1.77% 1.88%2.44%
1.16% 1.06% 1.05%1.66%
3.12%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
Note:
• In Malaysia, industry GIL ratio for mortgage (purchase of residential property) is 1.1%, 0.6% for auto finance and 0.7% for credit cards.
• In Singapore, industry GIL figure is only available for mortgage, which was 0.5%.
• Maybank Indonesia’s GIL ratios are mapped in accordance to its local regulatory reporting requirements. It has fully adopted IFRS 9 effective 1Q FY2020 reporting.
9.95% 9.76% 9.40% 9.63%7.60%
1.84% 1.75% 1.76% 1.58% 1.89%
4.22% 4.30% 6.39%7.92%
10.30%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
Malaysia Singapore Indonesia
Asset Quality by Line of Business in Home MarketsQoQ uptick in Indonesia’s CFS line of businesses as loan outstanding balances contract
Mortgage Auto Finance Credit Cards
Retail SME (RSME) Business Banking (BB) Corporate Banking (CB)
Consumer
Business
0.90% 0.91% 0.87% 0.92% 0.85%
0.54% 0.59% 0.62% 0.56% 0.65%
2.88% 2.90% 2.97%
5.39%
7.98%
4.82% 4.65%4.70%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
0.66% 0.67% 0.65% 0.71%
0.53%
0.13% 0.11% 0.09% 0.13%0.27%
1.27%
1.05%0.88%
0.98%
2.38%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
2.86% 2.79% 2.49% 2.37% 2.20%
6.86%7.61%
8.70% 9.18%
7.43%
5.15%6.21%
4.37% 4.58%3.95%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
2.26% 2.27%
2.26%2.35%
2.02%2.19% 2.23%
2.37% 2.42%2.23%
3.89%4.21%
4.51%
6.49%8.38%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
17
32% 29% 39%
Upstream Midstream Downstream
66% 17% 2% 15%
Normal Watchlist Special Mention Account GIL
Exposure to Oil & Gas and Real Estate Sectors: 30 June 2020Stable QoQ exposure size
Group Exposure to Direct & Indirect Oil & Gas Borrowers
Borrowers’ Status:
Segmental Exposure:
Note:
Midstream refers to the transportation (i.e. pipeline, rail, barge, oil tanker or truck),
storage and wholesale marketing services of crude or refined petroleum products.
Of GIL breakdown:
• 75% is from midstream
Maybank Group Malaysia Singapore Indonesia Others
2.82% 1.86% 0.68% 0.08% 0.20%
Note:
Funded-only loans exposure is 2.23% for Group
4.40%3.54% 3.68%
2.87% 2.82%
FY2016 FY2017 FY2018 FY2019 1H FY2020
5-Year trend (Group exposure):
High Rise Residential,
28.8%
Landed Residential,
16.7%Malls, 9.1%
Offices, 4.3%
Hotels, 5.5%
Others, 35.6%
Real Estate Exposure to
Non-Retail Malaysian Borrowers
RM35.99 bil(or 11.39% of Malaysia
Gross Loans)
Note:
Funded-only loans exposure is 10.21%
‘Others’ include Land, Industrial Buildings & Factories,
Other Residential, Other Commercial and REITs
75% 22% 1% 2%
Normal Watchlist Special Mention Account GIL
Borrowers’ Status:
Of GIL breakdown:
• 40% is from combined exposure
to malls and hotels
• 6% is from high rise residential
Of Watchlist breakdown:
• 18% is from high rise residential
• 26% is from combined exposure
to malls, hotels and offices
18
93.4% 92.5% 92.4%
95.2%
90.6%
86.3%85.0% 84.8%
86.5%
83.0%
75.9% 75.0% 74.6%76.2%
73.1%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
LDR LTF LTFE
145.4% 141.5% 141.0% 138.2% 140.5%
LCR
15.31% 15.44%
16.12% 16.24%
19.39% 18.81%
Dec 19 Jun 20
15.73% 15.43%
16.49% 16.18%
19.39% 19.04%
Dec 19 Jun 20
Total Capital Ratio Tier 1 Capital Ratio CET 1 Capital Ratio
Group
Bank
Strong Liquidity & Capital Positions: 30 June 2020Stable LCR at 140.5%, while Group CET1 capital ratio remains strong at 15.43%
Note: 1) BNM’s minimum LCR requirement is 100%
2) LTF is gross loans divided by (deposits + borrowings +
subdebt) while LTFE’s denominator is (deposits +
borrowings + subdebt + equity + capital securities)
3) LDR, LTF & LTFE excludes loans to banks and FIs
Liquidity Risk Indicators
Regulatory Requirement:
• Min. CET 1 Capital Ratio + Capital Conservation Buffer (CCB) is 7.0%,
min. Tier 1 Capital Ratio + CCB is 8.5% and min. Total Capital Ratio +
CCB is 10.5%.
• 1.0% D-SIB Buffer effective 31 January 2021
• Pending finalisation of Countercyclical Capital Buffer (0%-2.5%)
Capital Positions
19
Table of Contents
Executive Summary 2
Results Overview 8
Appendix:
1. Financial Performance 20
2. Community Financial Services 31
3. Global Banking 34
4. Maybank Singapore 37
5. Maybank Indonesia 40
6. Other Segments 43
Financial Results: 2Q FY2020 and 1H FY2020 ended 30 June 2020
20
80.8%
10.6%
8.6%
Malaysia Singapore Indonesia Others
Overseas:
19.2%
61.2%23.7%
6.9%8.2%Overseas:
38.8%
64.8%
16.9%
11.7%
6.6%
85.6%
3.0%6.8%
4.6%
62.3%18.5%
12.2%
7.0%
58.1%25.7%
7.7%
8.5%
International & Malaysia Portfolio Mix 1H FY2020
Overseas:
41.9%
1H FY2019
Net Operating Income Profit Before Tax¹
1H FY2020
Overseas:
37.7%
Overseas:
14.4%
Gross Loans*
(Jan 19 – Jun 19)
Overseas:
35.2%
(Jan 20 – Jun 20)
RM5.10
billion
RM525.6
billion
RM11.75
billion
RM4.05
billionRM520.2
billionRM12.37
billion
Note:
* Including Islamic loans sold to Cagamas and excludes unwinding of interest
¹ Profit Before Tax country percentages for 1H FY2020 excludes Singapore which registered a loss before tax
21
6,121
2,992 3,004
14 3 473
6,724
2,628
3,604
125 (3)396
Total Group CommunityFinancial Services
Group CorporateBanking & Global
Markets
Group InvestmentBanking
Group AssetManagement
Group Insurance& Takaful
1H FY2019
1H FY2020
11,750
6,645
3,919
527 87 936
12,373
6,326
4,542
618 52
860
Total Group CommunityFinancial Services
Group CorporateBanking & Global
Markets
Group InvestmentBanking
Group AssetManagement
Group Insurance& Takaful
1H FY2019
1H FY2020
Segmental Performance of Businesses: 1H FY2020 (1/2)
Net Operating Income
+5.3%
RM
million
PPOP
(4.8)% +15.9%
Group Global Banking +23.4%
Group Global Banking +15.0%
1H FY2019: 4,533 1H FY2020: 5,212
1H FY2019: 3,021 1H FY2020: 3,727
Note:
Net income & PPOP for Group includes “Head Office & Others” expenditure of RM364.8 million for 1H FY2019 and RM25.6 million for 1H FY2020.
RM
million
+20.0% (12.2)%
+17.5% (40.7)% (8.1)%
+9.9%
+>100% (>100%) (16.4)%
22
3,276
1,602 1,360
399 85
302
4,188
1,447 1,894
503
51 229
Total Group CommunityFinancial Services
Group CorporateBanking & Global
Markets
Group InvestmentBanking
Group AssetManagement
Group Insurance& Takaful
1H FY2019
1H FY2020
8,474
5,043
2,559
127 2 635
8,185
4,879
2,648
116 1 632
Total Group CommunityFinancial Services
Group CorporateBanking & Global
Markets
Group InvestmentBanking
Group AssetManagement
Group Insurance& Takaful
1H FY2019
1H FY2020
Net Fund Based Income
Group Global Banking +2.8%
Net Fee Based Income
(8.9)% (45.1)% (3.2)% +3.5% (0.5)%
1H FY2019: 2,689 1H FY2020: 2,765
Group Global Banking +32.7%
1H FY2019: 1,845 1H FY2020: 2,447
Segmental Performance of Businesses: 1H FY2020 (2/2)
Note:
Net fund based income includes “Head Office & Others” income of RM107.7 million for 1H FY2019 and expenditure of RM90.6 million for 1H FY2020.
Net fee based income includes “Head Office & Others” expenditure of RM472.4 million for 1H FY2019 and income of RM65.0 million for 1H FY2020.
+39.3% (9.7)%
RM
million
RM
million
+27.8%
(3.4)%
+25.8% (40.6)% (24.2)%
23
Unaudited Income Statement for Insurance and Takaful Business
RM million1H
FY2020
1H
FY2019YoY
2Q
FY2020
1Q
FY2020QoQ
2Q
FY2019YoY
Net interest income 631.3 634.3 (0.5)% 315.9 315.4 0.2% 322.0 (1.9)%
Net earned premiums 3,685.8 3,250.4 13.4% 1,740.9 1,944.9 (10.5)% 1,623.8 7.2%
Other operating income 222.2 1,096.5 (79.7)% 1,016.9 (794.7) (>100)% 595.2 70.9%
Total operating income 4,539.4 4,981.2 (8.9)% 3,073.7 1,465.7 >100% 2,541.0 21.0%
Net insurance benefits & claims incurred, net fee
& commission expenses, change in expense
liabilities and life & takaful fund tax
(3,687.9) (4,052.6) (9.0)% (2,519.9) (1,168.0) >100% (2,086.9) 20.7%
Net operating income 851.5 928.6 (8.3)% 553.8 297.6 86.1% 454.1 22.0%
Overhead expenses (462.3) (459.7) 0.6% (222.2) (240.1) (7.4)% (239.9) (7.4)%
PPOP 389.2 468.9 (17.0)% 331.6 57.6 >100% 214.2 54.8%
Net impairment losses (12.9) (16.9) (23.7)% (6.1) (6.8) (10.8)% (7.4) (17.9)%
Operating profit 376.3 452.1 (16.8)% 325.6 50.8 >100% 206.8 57.4%
RM million1H
FY2020
1H
FY2019YoY
2Q
FY2020
1Q
FY2020QoQ
2Q
FY2019YoY
Net insurance benefits & claims incurred, net fee
& commission expenses, change in expense
liabilities and life & takaful fund tax
(3,687.9) (4,052.6) (9.0)% (2,519.9) (1,168.0) >100% (2,086.9) 20.7%
Less: intercompany elimination 132.9 143.7 (7.5)% 50.6 82.2 (38.4)% 72.5 (30.2)%
Total net insurance benefits & claims incurred,
net fee & commission expenses, change in
expense liabilities and life & takaful fund tax
(3,555.1) (3,908.9) (9.1)% (2,469.2) (1,085.8) >100% (2,014.4) 22.6%
Reconciliation of net insurance benefits & claims incurred, net fee & commission expenses, change in expense liabilities
and life & takaful fund tax
24
Group Gross Loans Growth: 30 June 2020
Note:
¹ Rebased loan growth figures are based on adjusted 31 December 2019 position in line with migration of client accounts, effective 1 January 2020
% of
Portfolio
30 Jun
2020
31 Mar
2020QoQ
31 Dec
2019
YTD
Ann.
30 Jun
2019YoY
Group Gross Loans 520.2 518.4 0.3% 523.5 (1.3)% 525.6 (1.0)%
Malaysia (RM billion) 61% 316.1 314.3 0.6% 314.1 1.3% 302.9 4.4%
Community Financial Services (reported) 74% 234.6 231.7 1.2% 231.3 2.9% 222.2 5.6%
Community Financial Services (rebased)¹ 74% 234.6 231.7 1.2% 231.0 3.1% 222.2 5.6%
Global Banking (reported) 26% 81.0 82.4 (1.7)% 82.7 (4.0)% 80.5 0.7%
Global Banking (rebased)¹ 26% 81.0 82.4 (1.7)% 82.9 (4.6)% 80.5 0.7%
International (RM billion) 38% 198.1 199.1 (0.5)% 203.0 (4.8)% 216.3 (8.4)%
Singapore (SGD billion) 60% 38.9 40.2 (3.2)% 40.7 (8.7)% 42.9 (9.1)%
Community Financial Services 56% 21.8 21.9 (0.5)% 22.1 (3.3)% 22.9 (4.8)%
Global Banking 44% 17.0 18.2 (7.0)% 18.5 (16.3)% 19.9 (14.5)%
Indonesia (IDR trillion) 18% 119.5 128.1 (6.7)% 127.0 (11.8)% 139.2 (14.2)%
Community Financial Services 68% 80.9 88.6 (8.7)% 91.3 (22.8)% 98.4 (17.8)%
Global Banking 32% 38.4 39.3 (2.3)% 35.5 16.1% 40.5 (5.2)%
Other markets (RM billion) 22% 42.7 43.6 (2.1)% 41.7 4.7% 44.5 (4.0)%
Investment banking (RM billion) 1% 6.0 5.0 19.6% 6.4 (14.0)% 6.4 (5.7)%
25
Note:
¹ Rebased loan growth figures are based on adjusted 31 December 2019 position in line with migration of client accounts, effective 1 January 2020
Malaysia Loans Growth: 30 June 2020
RM billion% of
Portfolio
30 Jun
2020
31 Mar
2020QoQ
31 Dec
2019
YTD
Ann.
30 Jun
2019YoY
Community Financial Services (reported) 74% 234.6 231.7 1.2% 231.3 2.9% 222.2 5.6%
Community Financial Services (rebased)¹ 74% 234.6 231.7 1.2% 231.0 3.1% 222.2 5.6%
Consumer 60% 189.3 187.9 0.8% 186.9 2.6% 179.6 5.4%
Total Mortgage 32% 102.4 100.5 1.9% 97.7 9.7% 91.6 11.8%
Auto Finance 16% 49.4 49.4 (0.1)% 49.6 (1.1)% 48.7 1.4%
Credit Cards 2% 6.7 7.2 (7.3)% 7.8 (27.8)% 7.4 (9.1)%
Unit Trust 9% 28.7 28.5 0.6% 29.5 (5.5)% 29.6 (2.9)%
Other Retail Loans 1% 2.2 2.3 (3.1)% 2.3 (8.8)% 2.4 (7.2)%
Business Banking + SME (reported) 14% 45.3 43.8 3.2% 44.4 3.8% 42.7 6.1%
Business Banking + SME (rebased)¹ 14% 45.3 43.8 3.2% 44.1 5.0% 42.7 6.1%
SME (reported) 6% 20.0 19.0 5.1% 19.1 9.6% 17.8 12.3%
SME (rebased)¹ 6% 20.0 19.0 5.1% 18.8 13.3% 17.8 12.3%
Business Banking (reported) 8% 25.2 24.8 1.8% 25.3 (0.6)% 24.8 1.6%
Business Banking (rebased)¹ 8% 25.2 24.8 1.8% 25.4 (1.1)% 24.8 1.6%
Global Banking (Corporate) (reported) 26% 81.0 82.4 (1.7)% 82.7 (4.0)% 80.5 0.7%
Global Banking (Corporate) (rebased)¹ 26% 81.0 82.4 (1.7)% 82.9 (4.6)% 80.5 0.7%
Total Malaysia 316.1 314.3 0.6% 314.1 1.3% 302.9 4.4%
26
Group Deposits Growth: 30 June 2020
% of
Portfolio
30 Jun
2020
31 Mar
2020QoQ
31 Dec
2019
YTD
Ann.
30 Jun
2019YoY
Group Gross Deposits 573.3 543.8 5.4% 565.3 2.9% 560.9 2.2%
Malaysia (RM billion) 62% 355.4 336.7 5.6% 351.5 2.2% 351.2 1.2%
Savings Deposits 15% 54.5 48.8 11.6% 45.0 42.0% 44.5 22.5%
Current Accounts 29% 103.0 97.8 5.4% 91.0 26.4% 87.0 18.4%
Fixed Deposits 35% 125.2 129.9 (3.6)% 133.8 (12.8)% 146.5 (14.5)%
Others 21% 72.7 60.2 20.8% 81.7 (22.0)% 73.2 (0.6)%
International 38% 219.3 210.0 4.4% 214.7 4.3% 211.3 3.8%
Singapore (SGD billion) 68% 48.8 47.2 3.2% 48.3 1.9% 45.6 7.0%
Savings Deposits 18% 8.9 7.8 14.0% 7.9 23.3% 7.1 25.2%
Current Accounts 16% 7.7 6.6 15.7% 6.1 52.0% 7.0 10.4%
Fixed Deposits 66% 32.2 32.8 (1.9)% 34.3 (12.0)% 31.5 2.1%
Indonesia (IDR trillion) 15% 105.9 117.4 (9.8)% 110.9 (8.9)% 125.6 (15.6)%
Savings Deposits 20% 21.5 21.9 (2.0)% 21.0 5.1% 19.6 9.9%
Current Accounts 20% 20.8 21.7 (4.4)% 19.5 13.3% 21.9 (4.9)%
Fixed Deposits 60% 63.7 73.7 (13.6)% 70.4 (19.2)% 84.1 (24.4)%
27
93.4% 92.5% 92.4%95.2%
90.6%
34.9% 34.6% 35.5%38.4%
40.2%
32.6% 32.5% 33.2%35.1%
37.3%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
LDR CASA CASA (without IA)
86.9% 87.1% 90.0% 93.9% 89.4%
37.5% 37.5% 38.7%43.6% 44.3%
33.8% 34.0% 34.9%38.2% 39.7%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
LDR and CASA Ratio
Singapore Indonesia
Group Malaysia
107.0%112.2% 111.3% 106.3% 109.9%
33.0% 36.2% 36.5% 37.2% 39.9%
92.3% 96.3% 94.1% 89.7%94.2%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
LDR (Bank Level)
94.0%87.9% 84.3% 85.2%
79.9%
30.8% 28.4% 29.1% 30.5% 34.0%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
Note:
• Group and Indonesia LDR excludes loans to banks and FIs
• Group and Malaysia LDR include investment accounts totaling RM22.54 billion for 30 Jun 2020, RM24.50 billion for 31 Mar 2020, RM20.74 billion for 31 Dec 2019, RM20.14 billion for 30
Sep 2019, RM20.74 billion for 30 Jun 2019.
28
525.6 523.5 520.2
Jun 19 Dec 19 Jun 20
327.0310.3 317.2
20.4
27.326.0
42.142.9
43.3
Operational RWA Market RWA
Credit RWA Gross Loans
USD, 38%
RM, 24%
JPY, 12%
IDR, 8%
HKD, 6%
SGD, 3%CNY, 2%
Others, 7%
Borrowings, 5%
Capital Instruments, 2%
Customer Funding, 77%
FI Deposits, 5%
Equity, 11%
RWA Optimisation and Funding Management
Group Gross Loans & Group RWA
RM
billion
RM746.2
billion
RM54.7
billion
Funding Breakdown
Note:
• Customer Funding comprises Deposits from Customers & Investment Accounts of Customers.
By maturity:
≤ 1 Year 22%
> 1 Year 78%
Borrowings and
Capital Instruments
by Currency
Growth (%) YoY YTD Ann.
Group Gross Loans (1.0)% (1.3)%
Total Group RWA (0.8)% 3.2%
- Group Credit RWA (3.0)% 4.4%
389.5 380.4 386.5
29
Key Operating Ratios
Note:1 LDR excludes loans to banks and FIs.2 Total cost excludes amortisation of intangibles for Maybank Indonesia and Maybank Kim Eng.3 2Q & 1H FY2019 capital ratios are based on full cash payment of interim dividend for FY2019, while 1Q FY2020 capital ratios are based on full cash payment of the second interim
dividend for FY2019.
%1H
FY2020
1H
FY2019YoY
2Q
FY2020
1Q
FY2020QoQ
2Q
FY2019YoY
Return on Equity 7.5 9.8 (2.3)% 4.7 10.6 (5.9)% 10.2 (5.5)%
Net Interest Margin 2.09 2.24 (15) bps 1.95 2.23 (28) bps 2.19 (24) bps
Fee to Income Ratio 33.8 27.9 5.9% 32.0 35.4 (3.4)% 29.3 2.7%
Loans-to-Deposit Ratio 1 90.6 93.4 (2.8)% 90.6 95.2 (4.6)% 93.4 (2.8)%
Cost to Income Ratio 2 45.6 47.9 (2.3)% 47.9 43.7 4.2% 47.9 0.0%
Asset Quality
Gross Impaired Loans Ratio 2.49 2.62 (13) bps 2.49 2.71 (22) bps 2.62 (13) bps
Loans Loss Coverage 90.5 78.0 12.5% 90.5 81.5 9.0% 78.0 12.5%
Net Charge off rate (bps) (103) (38) (65) bps (133) (73) (60) bps (30) (103) bps
Capital Adequacy ³
CET1 Capital Ratio 15.43 14.23 120 bps 15.43 14.79 64 bps 14.23 120 bps
Total Capital Ratio 19.04 17.98 106 bps 19.04 18.50 54 bps 17.98 106 bps
30
Table of Contents
Executive Summary 2
Results Overview 8
Appendix:
1. Financial Performance 20
2. Community Financial Services 31
3. Global Banking 34
4. Maybank Singapore 37
5. Maybank Indonesia 40
6. Other Segments 43
Financial Results: 2Q FY2020 and 1H FY2020 ended 30 June 2020
31
Community Financial Services: Overview of Market Share for Malaysia
Note:
* Refers to housing, shophouse and other mortgage loans
** Credit cards market share refer to receivables for commercial banks
*** Total bank deposits inclusive of investment asset (“IA”)
^ Without IA. With IA, the market share as at Jun’20 for Total Core Retail Deposits , Retail
CASA, Retail Savings, Demand Deposits and Retail Fixed Deposits are 17.8%, 27.0%,
28.7%, 23.6% and 13.7% respectively (against MBB retail IA)
^^ Excluding non-financial transactions as per BNM guidelines
Loans
Total consumer (Household) 17.5% 17.6% 17.7% 17.8% 17.9%
Auto (Hire Purchase + Block Discounting + Floor Stocking) 28.9% 29.3% 29.6% 29.7% 30.3%
Total mortgage * 13.6% 13.7% 14.0% 14.2% 14.3%
Credit cards ** 19.0% 18.7% 18.6% 18.6% 18.5%
Unit trust 49.2% 48.7% 48.5% 49.8% 49.7%
Deposits
Total deposits *** 17.8% 18.0% 17.8% 17.5% 17.6%
Total core retail deposits ^ 16.8% 16.7% 16.5% 16.9% 17.4%
Retail CASA ^ 24.9% 24.7% 24.3% 25.3% 25.7%
Retail savings ^ 28.3% 27.9% 27.8% 28.1% 28.7%
Demand deposits ^ 18.9% 18.8% 18.2% 19.9% 19.8%
Retail fixed deposits ^ 12.9% 12.9% 12.8% 12.7% 12.9%
Channels
Internet banking - Subscriber base 40.6% 40.1% 39.6% 39.1% 40.3%
Mobile banking - Subscriber base 31.8% 31.5% 31.3% 32.6% 31.9%
Internet banking - Transaction Volume ^^ 50.7% 50.9% 51.0% 50.5% 50.1%
Mobile banking - Transaction Volume 62.6% 62.9% 63.0% 62.9% 62.7%
Branch network 19.3% 19.3% 19.4% 19.4% 19.4%
Jun-20Sep-19 Mar-20Dec-19Jun-19Market share
32
Jun 19 Dec 19 Jun 20
5.59
6.38
Jun 19 Jun 20
3.204.29
Jun 19 Jun 20
138.9 138.9 151.1
60.2 65.4 62.9
Jun 19 Dec 19 Jun 20
Consumer BB + RSME
Community Financial Services: Overview of Malaysia Portfolio
Note:
• TFA: Total Financial Assets (Deposits, Investments, Financing & Protection).
• TFA for total Individual customers (excl. NPL) amounted to RM343.0 billion as at
Jun’20, RM327.7 billion as at Dec’19 and RM319.2 billion as at Jun’19.
Wealth Management segment’s TFA grew 8.9% YoY to
RM227.1 billion
Total CFS loans on an upward trend of 5.6% YoY and 2.9%
YTD Ann.R
M b
illion
+9.5% YTD Ann.
Total CFS deposits increased by 7.5% YoY driven by CASA
growth of 18.9%
+7.5% YoY
+14.2% YoY
Maybank2u 1-month active users grew 14.2% YoY driven
by mobile users growth
179.6 186.9 189.3
42.7 44.4 45.3
Jun 19 Dec 19 Jun 20
Consumer BB + RSME
+2.9% YTD Ann.
+5.6% YoY
+8.9% YoY
+10.8% YTD Ann.
+34.1% YoY
M2u 1-month active users of which Mobile 1-month
active users
RM
billion
RM
billion
In m
illion
222.2 231.3
208.6
199.1 204.3234.6 214.0
215.5 227.1
33
Table of Contents
Executive Summary 2
Results Overview 8
Appendix:
1. Financial Performance 20
2. Community Financial Services 31
3. Global Banking 34
4. Maybank Singapore 37
5. Maybank Indonesia 40
6. Other Segments 43
Financial Results: 2Q FY2020 and 1H FY2020 ended 30 June 2020
34
10.8
23.9
45.7
10.8
25.1
46.7
10.2
22.3
48.5
June 20 Dec 19 June 19
RM billion
Note:
- ‘Term Loan’ includes foreign currency denominated accounts, while ‘Trade Finance
and Others’ is combined with ‘Overdraft’
- Trade Finance market share as at June 2020 is 21.8%
Term Loan
Global Banking: Overview of Malaysia Corporate Banking and Group Securities Portfolio
Group Securities Portfolio¹ grew 4.7% YoY Total Corporate Banking loans in Malaysia increased 0.7%
YoY to RM81.0 billion
Short Term
Revolving
Credit
Trade
Finance
and Others(5.9)% YoY
+6.3%YoY
(7.0)% YoY
Note: ¹ Group Securities Portfolio is inclusive of Financial assets designated upon
initial recognition (part of FVTPL)
51.7 52.1 51.1 52.9 63.2
50.161.9
52.5 51.454.0
58.559.3
60.0 55.157.2
26.221.2
20.7 24.2
23.88.47.9
8.5 5.9
5.9
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
Govt. Securities - Domestic Govt. Securities - Foreign
PDS/Corp Bonds - Domestic PDS/Corp Bonds - Foreign
Others
+4.7% YoY
RM
billion
194.9 202.4192.8 189.5
204.1
35
Global Banking: Overview of Group Investment Banking Portfolio
1H FY2020 Fee-based Income for Malaysia1H FY2020 Total Income Breakdown by Country
Note:
¹ Maybank Kim Eng represents the combined business of Maybank IB and business segments under Maybank Kim Eng Holdings.
1H FY2020 Brokerage Market Share by Country
Country Rank Market ShareTrading Value
(USD billion)
Malaysia 5 8.2% 15.1
Singapore 12 3.5% 9.9
Thailand 3 6.5% 32.2
Indonesia 4 5.4% 7.1
Philippines 8 4.3% 1.7
Hong Kong Tier 3 0.1% 4.9
Vietnam 9 3.1% 1.6
Brokerage Fees79%
Arranger Fees8%
Underwriting & Placement Fees2%
Advisory Fees2%
Agency/ Guarantee Fees
4%
Other Fee Income5%
Malaysia42%
Singapore28%
Thailand16%
Indonesia4%
Philippines1%
Hong Kong4%
Others5%
RM618.5
million
36
Table of Contents
Executive Summary 2
Results Overview 8
Appendix:
1. Financial Performance 20
2. Community Financial Services 31
3. Global Banking 34
4. Maybank Singapore 37
5. Maybank Indonesia 40
6. Other Segments 43
Financial Results: 2Q FY2020 and 1H FY2020 ended 30 June 2020
37
Maybank Singapore: P&L Summary
SGD million 1H FY2020 1H FY2019 YoY 2Q FY2020 1Q FY2020 QoQ
Net fund based income 313.24 383.61 (18.3)% 142.84 170.40 (16.2)%
Net fee based income 189.88 161.75 17.4% 85.48 104.40 (18.1)%
Net income 503.12 545.36 (7.7)% 228.32 274.80 (16.9)%
Overhead expenses (236.63) (234.54) 0.9% (115.53) (121.10) (4.6)%
Operating profit 266.48 310.82 (14.3)% 112.78 153.70 (26.6)%
Profit/ (Loss) before taxation 85.84 17.19 >100% 8.52 77.32 (89.0)%
Net fund based income was 18.3% lower YoY, affected by contraction in loans.
Net fee based income improved 17.4% YoY, mainly attributed to investment gains and wealth management,
which offset the lower contribution from treasury, trade and cards related income.
Overheads were stable at SGD236.63 million, with less marketing spend on reduced promotional activities
during the circuit breaker period and lower establishment costs from rental rebates received.
1H FY2020 profit before taxation of SGD85.84 million improved from 1H FY2019’s profit before taxation of
SGD17.19 million, due to lower loan loss allowances.
38
6.2 5.3 6.4
15.2 15.9 16.2
7.8 8.8 10.1
16.2 18.3 16.1
Jun 19 Dec 19 Jun 20
Consumer -Time Deposits
Consumer CASA
Business TimeDeposits
Business CASA
48.8
7.1 7.9 8.9
7.0 6.1 7.7
31.5 34.3 32.3
Jun 19 Dec 19 Jun 20
Time Deposits
Demand Deposits
Savings
Diversified Loan Portfolio
2.2% -0.1% -3.9% -5.6% -9.1%
3.9% 4.7% 4.2% 8.3% 2.1%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
Maybank Singapore Growth Industry Growth
Maybank Singapore: Overview of Loans and Deposits Portfolio
% YoY change
Consumer
54 %
Corporate
46 %
SG
D b
illion
Consumer deposits made up 54% of total deposits
CASA Ratio:
34.0%SG
D b
illion
CASA ratio lifted to 34% from 29% in Dec 19 and from 31%
last June, on expanded individual savings and demand
deposits.
Consumer deposits rose SGD2.2 billion YoY, contributed mainly by
savings and demand deposits growth.
Business deposits too, expanded SGD1.1 billion YoY mainly due to
fixed deposits increase.
45.6 48.3
Maybank Singapore loans contracted YoY, amidst the
pandemic situation in the six months of 2020.
SGD Billion% of
Portfolio
30 Jun
2020
31 Dec
2019
YTD
Ann.
30 Jun
2019YoY
CFS 56% 21.8 22.1 (3.3)% 22.9 (4.8)%
Consumer 40% 15.6 16.0 (5.5)% 16.6 (6.4)%
Housing Loan 27% 10.3 10.6 (4.4)% 10.9 (5.0)%
Auto Loan 6% 2.3 2.4 (11.1)% 2.5 (8.9)%
Cards 1% 0.3 0.4 (41.0)% 0.4 (21.8)%
Others 7% 2.6 2.6 0.5% 2.8 (7.0)%
Non-Individuals 16% 6.2 6.1 2.4% 6.3 (0.8)%
RSME 4% 1.6 1.5 13.8% 1.5 8.5%
Business Banking 8% 3.3 3.2 5.9% 3.4 (2.7)%
Others 4% 1.4 1.5 (16.2)% 1.5 (5.5)%
Global Banking 44% 17.0 18.5 (16.3)% 19.9 (14.5)%
Total 100% 38.9 40.7 (8.7)% 42.9 (9.1)%
+7.0% YoY
39
Table of Contents
Executive Summary 2
Results Overview 8
Appendix:
1. Financial Performance 20
2. Community Financial Services 31
3. Global Banking 34
4. Maybank Singapore 37
5. Maybank Indonesia 40
6. Other Segments 43
Financial Results: 2Q FY2020 and 1H FY2020 ended 30 June 2020
40
Maybank Indonesia: P&L Summary
IDR billion 1H
FY2020
1H
FY2019YoY
2Q
FY2020
1Q
FY2020QoQ
Net Fund Based income 3,936 4,024 (2.2)% 1,912 2,024 (5.5)%
Net Fee Based income 1,184 1,167 1.4% 586 598 (2.0)%
Net income 5,119 5,191 (1.4)% 2,498 2,622 (4.7)%
Overhead expenses (3,036) (3,183) (4.6)% (1,432) (1,604) (10.7)%
Personnel (1,318) (1,265) 4.2% (660) (658) 0.3%
General and Administrative (1,718) (1,918) (10.4)% (772) (946) (18.4)%
Operating profit 2,083 2,008 3.7% 1,066 1,017 4.7%
Provisions Expenses (1,011) (975) 3.7% (731) (280) >100%
Non Operating Income/(Expense) (7) 9 (>100)% (4) (3) 59.6%
Profit Before Tax and Non-Controlling Interest 1,065 1,042 2.2% 330 735 (55.1)%
Tax and Non-Controlling Interest (256) (285) (10.3)% (59) (197) (70.1)%
Profit After Tax and Non-Controlling Interest 810 757 7.0% 272 538 (49.5)%
EPS - Basic (IDR) 10.62 9.93 6.9% 3.56 7.06 (49.6)%
41
Maybank Indonesia: Financial Ratios and Loans Portfolio Breakdown
Key Operating Ratios Loans Portfolio Breakdown
Note: Maybank Indonesia’s loans breakdown is mapped in accordance to its local
regulatory reporting requirements.
^ LCR is disclosed on a quarter-end basis
Key Operating Ratio Jun-20 Dec-19 Jun-19 YoY
Profitability & Efficiency
Return On Assets 1.23% 1.45% 1.12% 0.11%
Return On Equity (Tier 1) 6.68% 7.73% 6.50% 0.18%
Net Interest Margin 5.01% 5.07% 4.83% 0.18%
Cost to Income Ratio 59.31% 59.48% 61.32% (2.01)%
Asset Quality
NPL - Gross 4.99% 3.33% 3.06% 1.93%
Liquidity & Capital Adequacy
LCR 156.31% 146.49% 166.38% (10.07)%
CET 1 20.44% 19.54% 17.12% 3.32%
CAR 22.10% 21.38% 19.07% 3.02%
IDR Trillion% of
Portfolio
30 Jun
2020
31 Mar
2020QoQ
30 Jun
2019YoY
CFS 69% 79.9 87.7 (8.9)% 97.6 (18.1)%
CFS Retail 32% 37.5 41.1 (8.7)% 43.0 (12.9)%
Auto Loan 17% 20.0 22.9 (12.7)% 24.0 (16.7)%
Mortgage 12% 14.3 14.6 (2.5)% 15.5 (7.8)%
CC + Personal
Loan2% 2.8 3.1 (9.8)% 3.1 (10.7)%
Other loans 1% 0.4 0.5 (2.0)% 0.4 2.3%
CFS Non-Retail 37% 42.4 46.6 (9.0)% 54.6 (22.3)%
Business Banking 19% 21.8 24.7 (11.7)% 31.1 (29.9)%
SME+ 4% 4.6 4.8 (6.1)% 4.9 (7.9)%
RSME 14% 16.1 17.1 (5.9)% 18.6 (13.5)%
Global Banking 31% 35.8 35.3 1.4% 37.8 (5.4)%
Total 115.7 122.9 (5.9)% 135.4 (14.6)%
42
Table of Contents
Executive Summary 2
Results Overview 8
Appendix:
1. Financial Performance 20
2. Community Financial Services 31
3. Global Banking 34
4. Maybank Singapore 37
5. Maybank Indonesia 40
6. Other Segments 43
Financial Results: 2Q FY2020 and 1H FY2020 ended 30 June 2020
43
35.0
50.3
40.9
7.1
29.0
21.3
37.9
57.4
43.2
7.6
30.6
19.8
AITAB Mortgage Term Financing Others (CFS) Term Financing Others (GB)
Jun-19
Jun-20
6%
Maybank Islamic, 61.7%
Maybank Conventional,
Malaysia, 38.3%
Year Contribution
Jun 2019 60.2%
Sep 2019 60.9%
Dec 2019 60.7%
Mar 2020 61.3%
Jun 2020 61.7%
Islamic Banking: Performance Overview
Group Islamic Banking Financial Performance Maybank Islamic: Total Gross Financing grew to RM196.5
billion
Maybank Islamic Contribution to Maybank Malaysia Loans
and Financing as at June 2020
Note: Figures are as per latest segmentation breakdown
Group Islamic Banking’s performance includes key markets in Malaysia, Indonesia and
Singapore
RM million 1H FY2020 1H FY2019 YoY
Total Income 2,303.0 2,395.8 (3.9)%
Profit Before Tax 758.3 1,602.3 (52.7)%
Financing & Advances 209,459.8 196,706.4 6.5%
Deposits & Investment Account: 199,005.8 190,590.2 4.4%
Deposits from Customers 176,468.1 168,937.4 4.5%
Investment Account 22,537.6 21,652.8 4.1%
RM
billion
Maybank Islamic: Key Financial Ratios
Key Financial Ratios 1H FY2020 1H FY2019
Total Capital Ratio (TCR) 18.44% 19.64%
Net Profit Margin (YTD) 1.60% 1.69%
Cost to Income Ratio (CIR) 39.37% 36.19%
Direct FDR1 89.5% 93.1%
Note:
¹ Direct Financing to Deposits Ratio (FDR) comprising gross financing against deposit
and Unrestricted Investment Account (exc. RPSIA assets and liabilities)
5%
(7)%
CFS:10% GB:0.2%
7%
14%
8%
44
Key Products Jun 20 Jun 19
Automobile Financing 48.6% 46.5%
Home 26.8% 26.3%
Term financing 28.2% 28.3%
Maybank Islamic ranks No.1 by Asset Market Share
in Malaysia
Islamic Banking: Market Share
Market Share by Product (Malaysia) Maybank Islamic Market Share
31.0% 31.2% 31.1% 30.9% 30.7%
28.3%28.7%
27.8% 27.6% 27.9%
Jun 19 Sep 19 Dec 19 Mar 20 Jun 20
Financing Deposits & Investment Accounts
MalaysiaAsset Market Share
Mar 20Rank
Maybank Islamic 29% 1
CIMB Islamic 13% 2
Public Islamic 8% 3
Source: Latest BNM Monthly Statistical Bulletin
Sukuk League Table Ranking June 2020
Source : Latest BNM Monthly Statistical Bulletin
Source: BloombergSource: Respective Bank’s Financial Statements
Global Sukuk League
Table Ranking
Market
Share (%)
Amount
(USD million)Issues
#4 Maybank 6.00% 1,572 55
MYR Sukuk League
Table Ranking
Market
Share (%)
Amount
(USD million)Issues
#4 Maybank 15.80% 1,005 42
45
38.8 44.7
Jun-2019 Jun-2020
8.0% 7.9% 7.6% 6.9%
8.0% 7.3% 7.6% 7.5%
10.6% 10.6% 10.2% 10.7%
12.1% 11.5% 12.2% 14.0%
2017 2018 2019 2020
Etiqa Allianz AM Group HL/MSIG
528.2
450.3
1H FY2019 1H FY2020
Insurance and Takaful: Performance Overview
Total Assets
Net Adjusted Premium/Contribution
Profit Before Tax
Life & Family (New Business) Market Share (Malaysia)
No. 1 in General
Insurance and
Takaful
(Gross Premium)
General Insurance and Takaful Market Share (Malaysia)
(14.7)% YoY +15.1% YoY
Note: Market Share is for 12-month period rolling from April to March of every year
(Source: LIAM / ISM Statistics)
RM
million
RM
billion
No. 4 in
Life/Family
(New Business)
7.6% 10.5% 11.1% 11.2%
14.8% 13.9% 13.8% 12.9%
14.2% 13.0% 16.5% 17.2%
22.1% 21.9% 18.6% 19.5%
2017 2018 2019 2020
AIA GE Prudential Etiqa
*Net Adjusted Premium (NAP) = Life/Family Adjusted Premium (100% Regular Premium
+10% Single Premium/Credit/Group)+ Net Written Premium (General)
Note: Net Adjusted Premium, Profit Before Tax and Total Assets are presented at EIH Group level
0 500 1,000 1,500 2,000 2,500 3,000
Total Net Adjusted…
Total General
Misc
Personal Accident
MAT
Motor
Fire
Total Life & Family
Group Premium
Credit Premium
Regular Premium
Single Premium
RM Million
1H FY2020
1H FY2019
35.6%
(4.7)%
(9.6)%
4.0%
(11.1)%
(2.2)%
3.0%
4.7%
161.0%
(29.6)%
7.4%
20.4%
Total Net Adjusted
Premium
46
MALAYAN BANKING BERHAD
14th Floor, Menara Maybank
100, Jalan Tun Perak
50050 Kuala Lumpur, Malaysia
Tel : (6)03-2070 8833
www.maybank.com
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.
Humanising Financial Services
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