maybank 1q fy15 analyst presentation 2015-05-28 …...3 results overview (1/2) group net profit for...

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Investor PresentationFinancial ResultsFirst Quarter FY2015 ended 31 March 2015

28 May 2015

Humanising Financial Services

1

Table of Contents

Financial Results: 1st Quarter FY2015 ended 31 March 2015

Appendix: Business Sector Review

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2

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1. Community Financial Services

2. Global Banking

3. Maybank Singapore

4. Bank Internasional Indonesia

5. Other segments

6. Affiliates

26

31

36

40

45

50

Executive Summary

Financial Performance

Prospects & Outlook

2

Group OverviewMaybank’s strong 1Q FY2015 performance driven by higher fee income and loans growth

CIR remains within Group’s internal threshold of 50%

Group loans growth of 8.4% (ann.) within reach of FY2015 guidance, supported by growth in regional CFS portfolio

Improved CASA ratios for Malaysia and Indonesia at 41.2% and 39.2% respectively

Group asset quality stable with GIL at 1.50%

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5

4

6

Pick-up in net fee-based income of 19.9% YoY due to higher service charges, fees and brokerage income3

Strong capital positions with CET1 ratio at 11.15%* and total capital ratio at 15.35%* 7

*After proposed dividend and assumption of 85% reinvestment rate. Fully loaded Group CET1 ratio is 10.63%

Net profit growth of 6.2% YoY to RM1.70 billion, supported by higher fee and fund based income1

3

Results Overview (1/2)Group net profit for 1Q FY2015 grew 6.2% YoY to RM1.70 billion

Compressed by 11 bps YoY due to:Higher cost of funding in Malaysia

Improved by 6 bps QoQ due to:Better NIM for Malaysia arising from improved funding cost

Net profit growth of 6.2% YoY, ROE at 12.8%

Strong YoY net operating income growth of 12.5%

Net interest marginperformance

Higher net profit was contributed by:Net operating income growth of 12.5% YoY, with higher income registered across all business pillars:

• Global Banking +11.8%• Community Financial Services (CFS) +10.0%• International Banking +6.6%• Insurance & Takaful +0.1%

Offset by:Increase in overheads due to rise in personnel costs, admin/general and marketing expensesHigher net impairment losses

Net fee based income growth of 19.9% from:Increase in commission, service charges and fees by 19.4%Islamic Banking fee-based income growth by 59.0%Higher net earned insurance premiums by 7.0%

Higher net fund based income growth of 9.3% due to:Net interest income growth of 8.9%, driven by Group loans growth of 14.3% YoYIslamic Banking fund based income growth of 10.8%, as Islamic financing grew by 29.5% YoY

4

Supported by:International loans growth of 11.3%, led by growth in Labuan Offshore at 42.8%, the Philippines at 32.5%, Greater China at 15.6% and Indonesia at 5.0% Malaysia loans grew 3.8%, supported by growth in consumer loans at 9.2% and SME loans at 21.7% However, Singapore loans were lower by 1.1%, mainly due to slowdown in corporate lending

Results Overview (2/2)Strong balance sheet growth with stable Group asset quality

Group deposit growth of 6.8%

YTD (ann.)

Stable Group asset quality

Group loans growth of 8.4%

YTD (ann.)

Supported by:Deposits from International markets grew 17.5%, with improved deposit gathering in Indonesia with growth at 7.6% Double-digit CASA growth in Malaysia and FD growth of 8.1%However, Singapore’s deposit base contracted 3.9% due to lower savings and fixed deposits

Group GIL improved to 1.50% (Mar’ 2014: 1.52%)Lower Malaysia GIL at 1.75% (Mar’ 2014: 1.77%)However, uptick in Singapore and Indonesia due to specific accounts

Other Corporate Developments

Key management appointments at Group and subsidiary level

Launch of inaugural Samurai bond issuance in April 2015

Proposed sale of Maybank (PNG) Limited and Mayban Property (PNG) Limited

Reinvestment rate of 82.6% for Maybank’s 10th Dividend Reinvestment Plan

5

1Q FY2015 Headline Key Performance Indicators Group to focus on picking up momentum in three home markets for coming quarters

Key Performance Indicators

Annualised YoY

FY2015 Guidance

MaybankAchievement(1Q FY2015)

Industry Average

Peer Average

MaybankAchievement(1Q FY2015)

Industry Average

Peer Average

Headline KPI

Return on Equity 13.0%-14.0% 12.8% - - -

Other Guidance

Group Loans Growth 9.0%-10.0% 8.4% - 6.2% 14.3% - 12.7%

• Malaysia 8.0%-9.0% 3.8% 6.6% 8.6% 10.2% 9.2% 6.9%

• Singapore# 8.0%-9.0% (1.1)% (4.5)% 10.7% 11.6% 2.3% 11.2%

• Indonesia# 13.0%- 15.0% 5.0% 0.7% (5.5)% 7.1% 11.1% 10.0%

Group Deposits Growth 9.0%-10.0% 6.8% - 11.8% 13.0% - 14.2%

Notes:

# in local currency termsSingapore’s industry loan growth average comprises domestic business unit (DBU) loans

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Table of ContentsExecutive Summary


Prospects & Outlook



2. Global Banking


5. Other segments

6. Affiliates

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26

31

36

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P&L Summary: 1Q FY2015Net profit rose 6.2% YoY to RM1.70 billion, led by higher revenue growth of 12.5%

¹Fee-based income is the combined value of other operating income and fee-based income from Islamic Banking operations ²Pre-provisioning operating profit (PPOP) is equivalent to operating profit before impairment losses* From consolidated Group numbers, Insurance and Takaful accounts for 6.5% of net fund based income and 12.1% of net fee-based income

More details

onRM million 1Q FY2015 1Q FY2014 YoY 4Q FY2014 QoQ

s.11 Net fund based income * 3,415.4 3,124.3 9.3% 3,137.5 8.9%

s.11 Net fee based income * 1,572.1 1,310.8 19.9% 1,941.0 (19.0)%

Fee based income and net earned insurance premiums 2,669.9 2,231.2 19.7% 2,684.1 (0.5)%

s.12 Fee based income¹ 1,682.9 1,309.0 28.6% 1,657.2 1.6%

s.8 Net earned insurance premiums 987.1 922.2 7.0% 1,026.9 (3.9)%

s.8Net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax (1,097.8) (920.4) 19.3% (743.1) 47.7%

s.10 Net operating income 4,987.5 4,435.1 12.5% 5,078.5 (1.8)%

s.18 Overhead expenses (2,489.3) (2,168.4) 14.8% (2,572.9) (3.3)%

s.10 Pre-provisioning operating profit (PPOP) ² 2,498.2 2,266.7 10.2% 2,505.6 (0.3)%

Net impairment losses (298.6) (95.4) 212.9% (119.5) 150.0%

Operating profit 2,199.6 2,171.3 1.3% 2,386.1 (7.8)%

s.9 Profit before taxation and zakat (PBT) 2,242.0 2,207.8 1.6% 2,431.0 (7.8)%Profit attributable to equity holders of the Bank (Net Profit) 1,700.4 1,601.6 6.2% 1,931.2 (12.0)%

EPS - Basic (sen) 18.3 18.1 1.0% 20.8 (12.0)%

8

Unaudited Income Statement for Insurance and Takaful BusinessLower operating profit for 1Q FY2015 due to lower equity gain as a result of higher impairment

RM million 1Q FY2015 1Q FY2014 YoY

Interest income 236.5 233.2 1.4%

Interest expense (8.4) (5.1) 65.7%

Net interest income 228.1 228.1 0.0%

Net earned premiums 987.1 922.2 7.0%

Other operating income 189.0 78.1 141.8%

Total operating income 1,404.1 1,228.4 14.3%Net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax (1,124.8) (944.0) 19.2%

Net operating income 279.3 284.5 (1.8)%Overhead expenses (171.5) (144.1) 19.0%

PPOP 107.8 140.4 (23.2)%Net impairment losses (58.0) (0.3) >100%

Operating profit 49.8 140.1 (64.4)%

RM million 1Q FY2015 1Q FY2014 YoYNet insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax

(1,124.8) (944.0) 19.2%

Less: intercompany elimination 27.0 23.5 14.8%Total net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax (1,097.8) (920.4) 19.3%

Reconciliation of net insurance benefits & claims incurred, net fee & commission expenses and life & takaful fund tax

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65.5%

15.5%

12.5%6.5%

RM4.99b

70.5%

12.4%

3.9%13.2%

Malaysia Singapore Indonesia Others

RM2.24b

61.3%22.8%

8.1%7.8%

RM366.6b

International & Malaysia Portfolio Mix 1Q FY2015International contribution to Group revenue and PBT at 34.5% and 29.5% respectively

Overseas:38.7%

1Q FY2014

Net Income Profit Before Tax1Q FY2015

Overseas:35.2%

Overseas:31.9%

Gross loans*

(Jan 14 – Mar 14)

* Including Islamic loans sold to Cagamas and excludes unwinding of interest & EIR adjustment

64.8%15.3%

12.2%7.7%

RM4.44b

59.1%23.5%

7.6%9.8%

RM419.0b

Overseas:40.9%

Overseas:34.5%

Overseas:29.5%

(Jan 15 – Mar 15)

68.1%

12.8%

4.0%

15.1%

RM2.21b

10

4,435

1,785

552 419 251 25

1,391

308

4,988

1,963

569 469 318 38

1,483

308

Total CommunityFinancial Services

CorporateBanking

Global Markets InvestmentBanking

AssetManagement

InternationalBanking

Insurance &Takaful

1Q FY2014

1Q FY2015

Business Segment Performance 1Q FY2015 (1/2)Net operating income growth of 12.5% supported by strong growth in Global Banking, CFS and International Banking

Note: Net income & PPOP for group includes expenditures of Head Office & Others of RM296.5 million for 1Q FY2014 and RM161.3 million for 1Q FY2015.

Net Operating Income

RM m

illio

n

2,267

891

425 36028 4

694

162

2,498

911

422 406

59 5

716

141


CorporateBanking


AssetManagement


Insurance &Takaful

1Q FY2014

1Q FY2015

+10.0% +3.0% +12.1%

+12.5%

+26.7% +49.1% +6.6% +0.1%

+2.3% -0.6% +12.9%

Global Banking (GB)

+10.2%

+113.3% +23.7% +3.1% -13.2%

+9.3%

PPOP

RM m

illio

n

Global Banking (GB) +11.8%

11

3,124

1,371

385 180 40 1

994

228

3,415

1,468

414 186 48 (0)

1,209

230


CorporateBanking


AssetManagement


Insurance &Takaful

1Q FY2014

1Q FY2015

Business Segment Performance 1Q FY2015 (2/2)Stronger net fee based growth of 19.9% driven by CFS Malaysia and Global Banking units

Note: Net fund based income includes expenditures of Head Office & Others of RM74.7 million for 1Q FY2014 and RM140.2 million for 1Q FY2015. Net fee based income includes expenditures of Head Office & Others of RM221.8 million for 1Q FY2014 and RM21.1 million for 1Q FY2015

Net Fund Based Income

1,311

414167 239 211

24

397

80

1,572

495

155283 270

38274

78


CorporateBanking


AssetManagement


Insurance &Takaful

1Q FY2014

1Q FY2015

+7.1% +7.7% +3.4%

Global Banking (GB)+9.3%

+19.8% -113.3% +21.7% +0.8%

+7.0%

+19.6% -7.6% +18.6%

Global Banking (GB)

+19.9%

+28.0% +56.9% -31.1% -2.1%

+16.3%

Net Fee Based Income

RM m

illio

nRM

mill

ion

12

1,232

785

279

(58)

19037

922

(920) 77

1,561

937

238

(91)

423

54

987

(1,098)122

Other OperatingIncome

Commission,service charges

and fees

Investment &Trading Income

Unrealised gain/(losses) onsecurities &derivatives

ForeignExchange Profit

Other Income Net EarnedInsurancePremiums

Net InsuranceBenefits &

Claims Incurred,Net Fee &

CommissionExpenses andLife & Takaful

Fund Tax

Fee Incomefrom IslamicOperations

1Q FY2014

1Q FY2015

Net Fee Based Income: 1Q FY2015Other operating income grew 26.7% YoY on higher commission, service charges and fees and foreign exchange gain

-14.7% +54.8%+26.7% +19.4% +46.4% +7.0% +19.3%+122.4% +59.0%

RM m

illio

n

13

Group Loans Growth: 31 Mar 2015Group loans growth of 8.4% (ann.) led by International loans growth of 11.3% (ann.)

31 Mar 2015

31 Dec 2014

YTDAnnualised

% of Portfolio

31 Mar2014 YoY

Group Gross Loans¹ 419.0 410.5 8.4% - 366.6 14.3%

Malaysia (RM billion) ² 245.9 243.6 3.8% 59% 223.2 10.2%

Community Financial Services 171.8 168.8 7.2% 70% 154.5 11.2%

Global Banking 74.1 74.8 (3.9)% 30% 68.6 8.0%

International (RM billion) 167.0 162.4 11.3% 40% 139.9 19.4%

Singapore (SGD billion) 35.0 35.1 (1.1)% 56% 31.4 11.6%

Community Financial Services (reported) 17.7 14.8 79.7% 51% 12.8 38.9%

Community Financial Services (normalised) 15.5³ 14.8 18.9% 51% 12.8 21.1%

Global Banking (reported) 17.0 20.1 (60.6)% 49% 18.6 (8.5)%

Global Banking (normalised) 19.2³ 20.1 (17.9)% 49% 18.6 3.2%

Others 0.3 0.3 (1.1)% - 0.0 >100%

Indonesia (Rupiah trillion) 110.7 109.3 5.0% 19% 103.4 7.1%


Global Banking 24.7 24.9 (3.6)% 22% 29.2 (15.4)%

Others 0.4 0.3 99.0% - 0.4 0.0%

Other markets (RM billion) 41.3 38.8 26.2% 25% 28.7 43.9%

Investment banking (RM billion) 6.1 4.4 152.8% 1% 3.6 69.0%¹ Including Islamic loans sold to Cagamas and excludes unwinding of interest² Takes into account others portion - Mar 15: 0.0 vs Mar 14: 0.0³ Normalised loan growth as at 31 March 2015, prior to a transfer of S$2.2 billion from GB to CFS for Business Banking segment due to realignment to the Group Customer Segmentation

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Malaysia Loans Growth: 31 Mar 2015Consumer portfolio grew 9.2% (ann.), driven by strong growth in credit cards, mortgage and auto finance

¹ Re-based loan growth figures are based on adjusted 31 Dec 2014 position in line with migration of client accounts, implemented on 1 January 2015. Re-based growth was 37.3% for SME and 6.7% for Business Banking.² Including Islamic loans sold to Cagamas and excludes unwinding of interest and takes into accounts others portion – Mar 15: 0.0 vs Mar 14: 0.0

RM billion 31 Mar 2015

31 Dec 2014

YTD Annualised

% of Portfolio

31 Mar2014 YoY


Consumer 138.9 135.7 9.2% 81% 124.9 11.2%

Total Mortgage 62.8 60.9 12.1% 45% 55.0 14.1%

Auto Finance 39.7 38.6 10.7% 29% 35.9 10.4%

Credit Cards 6.0 5.8 12.7% 4% 5.4 11.9%

Unit Trust 28.3 28.3 0.4% 20% 26.9 5.3%

Other Retail Loans 2.1 2.1 3.8% 2% 1.7 26.1%

Business Banking + SME 33.0 33.1 (0.9)% 19% 29.6 11.3%

Business Banking + SME (Re-based¹) 33.0 31.9 13.7% 19% 29.6 11.3%

SME 7.9 7.5 21.7% 24% 5.7 38.9%

Business Banking 25.1 25.5 (7.5)% 76% 23.9 4.7%

Global Banking (Corporate) 74.1 74.8 (3.9)% 30% 68.6 8.0%

Total Malaysia² 245.9 243.6 3.8% - 223.2 10.2%

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31 Mar 2015 31 Dec 2014 YTDAnnualised % of Portfolio 31 Mar 2014 YoY

Group Gross Deposits 447.1 439.6 6.8% - 395.7 13.0%

Malaysia (RM billion) 278.6 278.3 0.4% 62% 258.2 7.9%

Savings Deposits 39.7 38.5 12.6% 14% 39.1 1.6%

Current Accounts 74.9 72.8 11.7% 27% 64.0 17.0%

Fixed Deposits 143.6 140.8 8.1% 52% 136.6 5.1%

Others 20.3 26.2 (89.7)% 7% 18.5 10.2%

International 170.0 162.9 17.5% 38% 139.4 22.0%

Singapore (SGD billion) 39.2 39.6 (3.9)% 11% 33.5 17.1%

Savings Deposits 4.3 4.5 (20.9)% 11% 4.3 0.0%


Fixed Deposits 28.7 29.0 (3.3)% 73% 24.2 18.8%

Others 0.9 0.8 45.6% 2% 0.6 33.6%

Indonesia (Rupiah trillion) 104.7 102.8¹ 7.6% 16% 104.3 0.4%

Savings Deposits 23.7 23.5 4.2% 23% 24.0 (1.4)%


Fixed Deposits 63.7 62.4 8.1% 61% 64.8 (1.8)%

Group Deposit Growth: 31 Mar 2015Group deposit growth of 6.8% (ann.) led by stronger deposit mobilisation in international markets

¹ Includes Others of Rupiah 0.6 trillion

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91.0% 90.6% 90.6% 91.8% 92.2%

35.8% 35.7% 34.5% 35.3% 35.4%

Mar 14 Jun 14 Sep 14 Dec 14 Mar 15

LDR CASA

LDR and CASA Ratio: 31 Mar 2015Group CASA ratio stable while CASA ratios in Malaysia and Indonesia improved due to higher current account growth

Singapore BII Group

Group Malaysia

87.9% 86.8% 83.9% 89.5% 91.5%

40.0% 39.9% 38.1% 39.9% 41.2%


98.3% 101.1% 102.7% 105.3% 104.5%

37.8% 38.3% 38.4% 38.7% 39.2%

88.9% 90.8% 91.1% 92.7% 91.9%


LDR (Bank Level)

93.5% 94.7% 95.8%88.4% 89.1%

25.8% 25.8% 25.2% 24.9% 24.5%


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Key Operating RatiosOverall operating ratios expected to remain stable through FY2015

(%) 1Q FY2015 1Q FY2014 Variance YoY

Variance QoQ 4Q FY2014

Return on Equity 12.8 13.8 (1.0)% (3.1)% 15.9

Net Interest Margin 2.26 2.37 (11 bps) 6 bps 2.20

Fee to Income Ratio 31.5 29.6 1.9% (6.7)% 38.2

Loans-to-Deposit Ratio 92.2 91.0 1.2% 0.4% 91.8

Cost to Income Ratio¹ 49.7 48.6 1.1% (0.7)% 50.4

Asset Quality

Gross Impaired Loans Ratio 1.50 1.52 (2 bps) (2 bps) 1.52

Net Impaired Loans Ratio 1.06 0.99 7 bps 2 bps 1.04

Loans Loss Coverage 93.5 107.2 (13.7)% (2.1)% 95.6

Net Charge off rate (bps) (24) (23) (1 bps) (29 bps) 5

Capital Adequacy (Group)²

CET1 Capital Ratio 11.15 10.76 39 bps (24 bps) 11.39

Total Capital Ratio 15.35 15.11 24 bps (53 bps) 15.88

¹ Total cost excludes amortisation of intangibles for BII and Kim Eng.² The capital ratios are adjusted based on the assumption of 85% reinvestment rate under the DRP

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Overheads: 1Q FY2015Group CIR remained within internal threshold despite overheads growth

(RM’ mil) 1Q FY2015 1Q FY2014 YoY 4Q FY2014 QoQ

Personnel Costs 1,419.3 1,237.3 14.7% 1,351.8 5.0%

IT Expenses 99.4 105.9 (6.2)% 169.4 (41.4)%

Establishment Costs 279.0 255.5 9.2% 280.1 (0.4)%

Marketing Expenses 171.3 135.3 26.6% 177.5 (3.5)%

Administration & General Expenses 520.3 434.3 19.8% 594.1 (12.4)%

Total 2,489.3 2,168.4 14.8% 2,572.9 (3.3)%

Group overheads composition

% 1Q FY2015 1Q FY2014 YoY 4Q FY2014 QoQ

Total Cost to Income 49.7 48.6 1.1 50.4 (0.7)

Group JAW Position (2.3) 1.5

Note: Excluding one-off expenses such as higher gift point expenses and operational costs as well as provisioning for Maybank staff union’s collective agreement, overheads growth was 10.7% YoY for 1Q FY2015 with CIR of 48.1%.

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1.18 1.09 1.060.95 0.99 0.97

1.13 1.04 1.06

1.891.86 1.83

1.48 1.52 1.50

1.651.52 1.50

Mar2013

Jun2013

Sep2013

Dec2013

Mar2014

Jun2014

Sep2014

Dec2014

Mar2015

Gross Impaired Loans Ratio (%)

Net Impaired Loans Ratio (%)

107.2% 107.7%

95.4% 95.6% 93.5%*

Loan loss coverage

210.1

154.4

70.5

-34.6

248.0

1Q FY2014 2Q FY2014 3Q FY2014 4Q FY2014 1Q FY2015

Allowances for losses on loans

Asset Quality: 31 Mar 2015Group GIL improved YoY to 1.50%, with loan loss coverage at a comfortable level

Group Impaired Loans RatioAllowance for losses on loans

*Loan loss coverage including Regulatory Reserve is 97.9%

RM m

illio

n

20

0.290.26

0.24 0.23

0.30

0.21 0.20 0.18 0.18

0.24


Gross Impaired Loans Ratio (%)

Net Impaired Loans Ratio (%)

2.98

3.533.32 3.24

3.49*

2.53

2.952.82

2.632.78*


1.77 1.71

2.04

1.851.75

1.12 1.05

1.371.25 1.23


Asset Quality by MarketImproved credit quality in Malaysia, with uptick in Singapore and Indonesia due to specific accounts

Malaysia Singapore BII Group

*BII reported gross NPL (2.80%) and net NPL (1.91%) whereas the chart above represents BII Group’s gross impaired loans ratio and net impaired loans ratio

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11.50% 11.15% 11.09% 11.39%

13.21% 12.86% 12.79% 13.18%

15.69% 15.35% 15.28% 15.88%

Mar 15 Mar 15 Mar 15 Dec 14

Total Capital Ratio Tier 1 Capital Ratio CET 1 Capital Ratio

After proposed dividend, assuming 85% reinvestment rate

Group

Bank

Capital Adequacy: 31 Mar 2015Total capital ratio at 15.35% (assuming 85% dividend reinvestment rate) and CET1 at 11.15%

Before proposed dividend

After proposed dividend, assuming 85% reinvestment rate

After proposed dividend, based on BNM’s Implementation Guideline *

14.64% 14.16% 14.07% 15.78%

15.52% 15.04% 14.95% 15.78%

Mar 15 Mar 15 Mar 15 Dec 14

Tier 1 and Total Capital Ratio CET 1 Capital Ratio

Note:• Based on 85% reinvestment rate under the DRP, fully loaded, the CET1 Ratio would be at 10.63% (Group) and 9.38% (Bank) respectively.* Capital ratios computed based on BNM’s implementation Guidelines on Capital Adequacy Framework (Capital Components) issued on 8th May 2013.

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Prospects & Outlook



2. Global Banking


5. Other segments

6. Affiliates

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Market OutlookKey trends and developments affecting the banking industry in second quarter

Key Indicators Outlook

Singapore

Malaysia

Indonesia

• GDP(f) 4.9% (2014: 6%)

• System loan(f) 7-8%

• System deposit(f) 6-7%

• OPR 3.25% (2014: 3.25%)

• USD/MYR (f) 3.60 (end 2014: 3.50)

• Inflation (f) 2.5%-3.5% (2014: 3.2%)

• GDP(f) 2.5% (2014: 2.9%)

• System loan(f) 5%-6%

• System deposit(f) 5%

• USD/SGD (f) 1.35 (2014: 1.28)

• Inflation (f) 0%-1% (2014: 1.0%)

• GDP(f) 5.50% (2014: 5.02%)

• System loan(f) 13%

• System deposit(f) 13%

• Reference Rate (f) 7.25% (2014: 7.75%)

• USD/IDR average (f) 13160 (2014: 11885)

• Inflation average (f) 5.01% (2014: 8.36%)

• Slower corporate lending on revised GDP target of 5.4% by government. Consumer demand to remain resilient given government support

• Potentially weaker asset quality on slower economic growth. NPL rates estimated to remain below 3% in 2015

• Recent cut in benchmark rate expected to help ease competition, therefore funding cost

• Business loan growth expected to be muted. Primarily due to weakness in trade loans, especially from China

• NIM improvement from higher interest rates

• Asset quality to remain stable, with sporadic weakness

• Consumer lending to moderate in 2Q, post-GST

• Competition for retail deposits to persist

• Ongoing infrastructure spending to support corporate lending and debt capital markets

• Overall asset quality expected to be stable; uptick in household NPLs, if any, likely to be marginal.

• Cost management key to sustain earnings growth

24

Pockets of loan growth opportunities in consumer, SME and corporate segments

Continued growth in key international markets

Fee income growth supported by better deal pipeline and brokerage but loan related fees to remain muted

Cost optimisation in discretionary areas of spend

Group asset quality to remain stable, with any potential uptick confined to specific accounts in home markets

1

2

3

4

5

Maybank Performance OutlookGroup performance in second quarter to remain supported by loan and fee income growth

Continued emphasis on capital efficient strategy4

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Prospects & Outlook



2. Global Banking


5. Other segments

6. Affiliates

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Community Financial Services (1/4)Advancing our domestic market share in retail CASA deposits and holding steady in consumer loans

*Refers to housing and shophouse loan**Credit cards market share refer to Receivables for commercial banks^Based on latest available data

27

Community Financial Services (2/4)Growth in HNW and Affluent customer segments on the back of continued consumer loans growth

Mass Customer TFA grew 4.1% YoY with an increase in customer’s share of wallet

HNW & Affluent Customer TFA grew 11.8% YoY with higher product cross sell ratio

Retail SME and Business Banking loans grew by 13.7%* (ann.) to RM33.0 billion

124.9

128.4 131.3

135.7 138.9

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015

Consumer Loan Balance RM'b

*Re-based loan growth figures are based on adjusted 31 Dec 2014 position in line with migration of client accounts to GB** Customer classification: HNW (IA > RM250K, TFA > RM1M); Affluent (IA between RM 50K to RM250K, TFA between RM250K to < RM1M)***TFA: Total Financial Assets (Deposits, Investments, Financing & Protection), IA: Investable Assets (Deposits & Investments)

137.3

141.6 145.3

150.4 153.5

6.48 6.54 6.59

6.65 6.70

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015

TFA RM'b Product per customer

29.6

31.0 31.4

33.1 33.0

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015

SME + BB Loan Balance RM'b

103.2

104.7 105.5

106.4 107.4

3.04 3.08

3.11 3.12 3.15

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015TFA RM'b Product per customer

31.9*

Consumer loans grew 9.2% (ann.) to RM138.9 billion

28

58.5 61.8

64.6

69.7 70.6

40.0

45.0

50.0

55.0

60.0

65.0

70.0

75.0

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015

SME+BB Deposit Balance RM'b

169.6 174.2

178.7

186.6 190.0

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015

CFS Deposit Balance RM'b

111.0 112.4

114.1

116.9

119.4

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015

Consumer Deposit Balance RM'b

Community Financial Services (3/4) Sustained deposit growth of 8.4% (ann.), from Consumer, SME and BB portfolios

• CFS deposit annualised growth of 8.4% was supported bygrowth in consumer and Retail SME/BB.

• Consumer deposits QoQ growth of RM2.5 billion in 1Q 2015 waslargely driven by Retail CASA, improving the market share to25.3%.

• CFS deposits also saw double digit YoY growth driven by stronggrowth in all segments.

• Retail SME grew by RM9.5 billion, or 22.2%, YoY while BusinessBanking increased by RM2.6 billion, or 16.6%, YoY based onexecution of Tactical Account Management for both borrowingand non borrowing customers.

Retail SME and Business Banking recorded growth of 8.1% (ann.)

Consumer deposits grew 8.6% (ann.)CFS deposits grew 8.4%* (ann.) for 1Q FY2015 driven by Consumer, SME and BB deposit growth

186.1*

69.2*

* Re-based deposit growth figures are based on adjusted 31 Dec 2014 position in line with migration of client accounts to GB

29

2,205 2,143

2,999 2,803

2,585

7.5% 7.0%9.6% 8.5%

7.9%

3.5% 3.0% 2.7% 2.4% 2.3%0.1% -

500

1,000

1,500

2,000

2,500

3,000

3,500

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015

GIL RM'm GIL % for SME & BB GIL % for SME

2,872 2,813

3,658 3,457 3,334

1.9% 1.8%2.2% 2.0% 1.9%

-1.8% -

1,200

2,400

3,600

4,800

1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015GIL RM'm GIL %

Community Financial Services (4/4)Strong credit asset quality with continued improvement in CFS GIL

CFS GIL improved QoQ to 1.9% in 1Q 2015 from 2.0% in 4Q 2014

Retail SME & BB GIL improved QoQ to 7.9% from 8.5% in 4Q 2014

Consumer GIL held steady while Retail SME/BB improved QoQ

• Consumer financing GIL held steady QoQ and YoY as at 1Q2015.

• Retail SME and BB GIL showed QoQ improvement at 7.9% asat 1Q 2015. The YoY uptick was contributed by theimpairment of legacy BB loans, which originated prior tothe BB transformation undertaken in FY2010.

• BB GIL for new loan book, defined as loans approved fromJuly 2010 onwards, was 1.6%.

• BB GIL improved QoQ to 9.6% as at 1Q 2015. Closemonitoring of asset quality and recovery efforts willcontinue to be undertaken to further improve GIL.

¹As at March 2015, industry GIL for BB is a proxy figure based on total GIL after deducting Consumer & SME GIL

30



Prospects & Outlook



2. Global Banking


5. Other segments

6. Affiliates

7

2

23

26

31

36

40

45

50



31

2.7

29.9

36.0

2.3

37.5

35.0

2.3

37.1

34.7

Mar'15

Dec'14

Mar'14

Trade Financeand Others

Overdraft

Trade Finance market share ¹

Corporate Banking GIL ratio improved to 1.31% on a YoYand QoQ basis

Total GB loans decreased by 3.9% (ann.) to RM74.1 billion but grew 8.0% YoY

+24.1% YoY

-14.8% YoY

RM billion

1 Market share of total trade products (On Balance Sheet items, Contingent Liabilities and Others)

-3.6% YoY

1.62% 1.59% 1.57%1.43%

1.31%

Mar'14 Jun'14 Sep'14 Dec'14 Mar'15

25.5%

24.8%

25.4%

25.8%

24.6%


Term Loan

Global Banking (1/4)Corporate banking loans lower by 3.9% (ann.) for 1Q FY2015

32

56.1%23.4%

19.3%

0.3%0.1%

0.8%

50.3%27.4%

18.0%

0.4%

0.8%3.1%

RM21.6billion

A

<A

RM17.7billion

50.8 50.9 51.5 50.9 48.0

40.9 41.4 44.5 44.5 45.5

10.6 8.7 11.8 9.2 10.3


Others

PDS/CorpBondsGovt.Securities

Commercial Papers

570

574

1Q FY14 1Q FY15

24.3%

22.0%26.3%

17.5%

9.9%

358.9 368.8

302.8 319.0

1Q FY14 1Q FY15

Net interest incomeNon-interest income

+3.9%

Global Banking (2/4)Revenue growth for Global Markets’ business regionally was 3.9% YoY

Group Securities Portfolio grew 1.5% YoY

+1.5% YoY

102.3 104.6 103.8107.8

PBT and Revenue grew by 0.7% and 3.9% YoY respectively

+0.7%

661.7

PBT Revenue

RM m

illio

n

Note: PBT & Revenue includes regional performance

Group Securities Portfolio: 39.5% Foreign Securities as at Mar 2015

RM 103.8billion

45.4% of GM PDS (Maybank Conventional Malaysia) rated “AA” or above as at Mar 2015

RM b

illio

n

YTD Mar 15

Government Securities -Domestic

Government Securities -Foreign

PDS/Corp Bonds

-Domestic

PDS –Foreign

Others (NIDs, BA, etc)

25.8%

23.9%22.8%

17.2%

10.4%

RM102.3billion

Government Securities -Domestic

Government Securities -Foreign

PDS –Foreign

Others (NIDs, BA, etc)

YTD Mar 14

SA (Govt.

Guaranteed)AAA

AA

SA (Govt.

Guaranteed)AAA

AA

ACommercial Papers

Note: Group PDS (Maybank Malaysia) for YTD Mar 2014 and YTD Mar 2015 are RM19.6 billion and RM23.5 billion respectively

101.0

YTD Mar 15YTD Mar 14<A

687.8

PDS/Corp Bonds

-Domestic

33

Global Banking (3/4)Notable deals completed from January to March 2015

USD 15 billion

March 2015

Malaysia

PETRONAS Capital Ltd

Global Medium Term Note Programme

Joint Bookrunner

USD 1.25 billion

March 2015

Malaysia

Islamic Trust Certificates

Joint Bookrunner

PETRONAS Global Sukuk Ltd

MYR 300 million

March 2015

Turkey

Sukuk Wakalah

Joint Principal AdviserJoint Lead ArrangerJoint Lead ManagerJoint Bookrunner

Joint Shariah AdvisorSukuk Trustee

KT Kira Sertifikalari VarlikKiralama A.Ş.

HKD 728 million

March 2015

Hong Kong

Syndicated Term Financing

Joint Mandated Lead ArrangerBookrunner

Joint Under Writer

Samson Paper Company Ltd

MYR 788 million

March 2015

Malaysia

Rights Issue

Joint Principal AdviserJoint Underwriter

EcoWorld Development Berhad

MYR 1.32 billion

March 2015

Malaysia

Rights Issue

Joint Principal AdviserJoint Managing Underwriter

Joint Underwriter

Malaysia Airports Holdings Berhad

MYR 629 million

March 2015

Malaysia

Rights Issue

Joint Managing UnderwriterJoint Underwriter

Mah Sing Group Berhad

USD 2.32 billion

January 2015

Malaysia

Syndicated Term Financing

Coordinating BankJoint Mandated Lead Arranger

Investment AgentSecurity Agent

Sapurakencana TMC Sdn Bhd

THB 5.18 billion

March 2015

Thailand

Initial Public Offering

Sole Financial AdviserSole Bookrunner

Joint Underwriter

Platinum Group

SGD 195.5 million

January 2015

Singapore

Initial Public Offering

Sole Financial AdviserSole Bookrunner

Joint Underwriter

Pacific Andes Resources Dev’t

MYR 5 billion

March 2015

Malaysia

IMTN and ICP Programme

Joint Principal AdviserJoint Lead ArrangerJoint Lead Manager

Gamuda Berhad

34

251.3318.3

36.1 55.5

1Q FY2014 1Q FY2015

TotalIncome

PBT

+53.7% YoY

Global Banking (4/4) Maybank Kim Eng’s PBT increased 53.7% YoY to RM55.5 million for 1Q FY2015

YTD Mar 2015 Equity Brokerage League Table by Country

* Ranking is not disclosed in respective exchangesNote: Maybank Kim Eng represents the combined business of Maybank IB and business segments under Maybank Kim Eng Holdings

RM318.3mil

Country Rank Market Share Trading Value (USD m)

Thailand 1 9.8% 18,323

Malaysia 5 8.4% 5,986

Indonesia 10 3.2% 2,040

Philippines 6 4.6% 1,324

Singapore N/A* 4.4% 4,662

Hong Kong Tier2 0.3% 3,475

1Q FY2015 Fee-based Income for Malaysia

1Q FY2015 Total Income (RM’Mil) Total Income for Maybank Kim Eng increased by 26.7% YoY

Arrangers' Fees18%

Brokerage60%

Other Fee Income

9%

Agency/ Guarantee Fees

2%

Advisory Fees8%

Primary Subscriber's Fees

1% Underwriting Fees2%

Malaysia, RM88.4 (28%)

Singapore, RM62.0 (19%)

Thailand, RM117.8 (37%)

Indonesia, RM5.2 (2%)

Philippines,RM14.5 (5%)

Hong Kong, RM15.9 (5%)

Others, RM14.6 (5%) +26.7% YoY

RM m

illio

n

35



Prospects & Outlook



2. Global Banking


5. Other segments

6. Affiliates

7

2

23

26

31

36

40

45

50



36

(SGD mil) 1Q FY2015 1Q FY2014 YoY

Net Fund Based income 132.00 116.76 13.1%

Net Fee Based income 60.61 83.39 (27.3)%

Net income 192.62 200.16 (3.8)%

Overhead expenses 87.72 81.05 8.2%

Operating profit 104.90 119.11 (11.9)%

Profit before taxation 93.75 111.45 (15.9)%

• PBT was lower by 15.9% YoY or S$17.7 million to S$93.75 million for 1Q FY2015

• Fund-based income increased by 13.1% YoY on the back of expanded loan base

• Fee-based income declined 27.3% YoY, mainly from slower growth in treasury income and bancassurancefee. This offset the growth seen in wealth management, trade, cards and credit related fees

• Overhead expenses increased by 8.2% YoY mainly arising from higher personnel cost from expandedheadcount

Maybank Singapore (1/3)First quarter PBT of S$93.75 million on lower fee-based income

37

7.6 8.5 8.2

4.8 4.2 4.2

3.9 4.4 4.1

4.3 5.6 5.7

6.3 7.5 8.0

2.4 2.1 2.02.0 2.6 2.8

Mar 14 Dec 14 Mar 15

Other(Consumer)Car Loan

Housing Loan

Others(Corporate)Non-Bankfinancial InstGeneralCommerceBuilding &Const

Maybank Singapore (2/3)Loans lower by 1.1% YTD, but strong YoY growth of 11.6% spurred by consumer lending

Asset Quality remains stable YoY Maybank Singapore loans up 11.6% YoY, outpacing industry growth of 6.7%

Diversified Loan Portfolio

31.3 34.9

Consumer37%

Corporate 63%

SGD

bill

ion

As at 31 March 2015, total loans were lower by1.1% (ann.), due to slower corporate lending.However, consumer lending continued to showstrong growth at 18.3% ann.

Meanwhile, total loans expanded 11.6% YoY toreach S$34.9 billion as at March 2015.

Consumer loans grew 19.4% to reach S$12.8billion as of March 2015, on the back of growth inhousing and other personal loans. However, carloans continued to decline due to the tighterregulatory financing limits.

Business loans grew 7.5% YoY to S$22.2 billion asof March 2015.

0.43

0.30 0.31 0.28 0.26 0.240.31

0.28 0.24 0.23 0.22 0.20 0.200.25

Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15

GIL Ratio NIL Ratio

13.6% 13.8% 13.3%

18.8% 21.2%

13.4%

11.6%

16.4%19.6% 17.3%

16.5% 14.0%

9.2% 6.7%

Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15

Maybank Singapore Growth Industry Growth

+11.6% YoY

35.0-1.1% ann.

38

3.9 4.8 4.8

9.4 12.1 11.6

4.7 5.1 4.8

15.4 17.6 17.9

Mar-14 Dec-14 Mar-15

Consumer - TimeDeposits

Consumer CASA

Business TimeDeposits

Business CASA

Maybank Singapore (3/3)Stable deposit base QoQ, and outpaced industry growth on a YoY basis

Maybank Singapore deposit growth of 17.1% YoY, ahead of industry growth of 8.0%

Consumer deposits account for 58% of deposit base

+17.1% YoY

33.5 39.2

Consumer58%

Corporate 42%

SGD

bill

ion

4.3 4.5 4.3

4.3 5.3 5.3

24.8 29.7 29.6

Mar-14 Dec-15 Mar-15

TimeDeposits

DemandDeposits

SavingsCASA Ratio:

25%

CASA growth of 11.4% YoY

16.3%13.7%

4.1% 3.3%

7.3%

16.5% 17.1%

10.0% 8.7%6.8% 5.0%

4.4%

7.0% 8.0%

Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15

Maybank Singapore Growth Industry Growth

As at 31 March 2015, deposits were lower by 3.9%(ann.), mainly due to lower time deposits in thebusiness portfolio. However, consumer time depositsgrew 6.7% (ann.) as at 31 March 2015.

Meanwhile, total deposits grew 17.1% YoY to reachS$39.2 billion as at March 2015.

Growth was driven by business deposits, which rose23.0% YoY to reach S$16.4 billion as at March 2015.Meanwhile, consumer deposits gained 13.1% to reachS$22.8 billion.

CASA Growth

11.4% YoY

39.6- 3.9% ann.

39



Prospects & Outlook



2. Global Banking


5. Other segments

6. Affiliates

7

2

23

26

31

36

40

45

50



40

(IDR bil) 1Q FY2015 1Q FY2014 YoY 4Q FY2014 QoQ

Net Fund Based income 1,586 1,447 10% 1,603 (1)%

Net Fee Based income 621 493 26% 420 48%

Net income 2,207 1,940 14% 2,022 9%

Overhead expenses (1,453) (1,352) 7% (1,199) 21%

Personnel (630) (499) 26% (523) 20%

General & Administrative (823) (853) (4)% (676) 22%

Operating profit 755 588 28% 823 (8)%

Provisions Expenses (426) (335) 27% (326) 31%

Non Operating Income/ Expenses 24 30 (18)% (16) (253)%

Profit Before Tax and Non-Controlling Interest

353 282 25% 482 27%

Net Profit 256 191 33% 359 (29)%

EPS - Basic (IDR) 3.77 3.14 20% N.A N.A

Bank Internasional Indonesia (1/4)Net profit rose 33% YoY on the back of higher net fee based income and net fund based income

Note: The numbers presented for 1Q FY 2015 and 1Q FY 2014 after Implementation of SFAS 24 (Revised 2013) “Employee Benefit”.Classification based on Bank Indonesia published report

41

3.04%

3.61%3.42% 3.34%

3.59%

2.34%2.77%

2.62%2.44%

2.56%

Mar‐14 Jun‐14 Sep‐14 Dec‐14 Mar‐15

Impaired Loan Gross Impaired Loan Net

30.9 28.5 24.0 23.9

35.3 36.1 40.8 41.6

35.8 36.7 41.5 42.1

Dec‐13 Mar‐14 Dec‐14 Mar‐15Global Banking Business Banking Retail Banking

Current Account Saving Account Time Deposit

17.7 15.4 16.3 17.3

24.7 24.0 23.5 23.7

64.9 64.6 62.7 64.0

Dec‐13 Mar‐14 Dec‐14 Mar‐15

4.94% 4.73% 4.76% 4.85%

Dec‐13 Mar‐14 Dec‐14 Mar‐15

Net Interest Margin (Consolidated)

Asset Quality (Consolidated)*

Loans composition (Consolidated)IDR Trillion

Deposits (Consolidated) IDR Trillion

* The bank remains cautious over loan quality due to an economic slowdown and as business volumes/ exports remain lower and the Rupiah remains weak. Commodities and mining sectors continue to remain depressed.

107.6106.3101.3

6.2% YoY

5.2% ann.102.0

105.0102.5104.0

1.0% YoY10.0% ann.

107.3

Bank Internasional Indonesia (2/4)Loans and deposit growth (ann.) increased by 5.2% and 10.0% respectively

42

0.12%0.14%

0.23%0.18%

0.37%

0.10% 0.12%0.19%

0.15%

0.30%

Mar-14 Jun-14 Sept-14 Dec-14 Mar-15

2,975

3,794

Mar-14 Mar-15

11,485

301

11,78611,908

177

12,085

New Used TotalMar-14 Mar-15

173

220

74

103

Mar-14 Mar-15Revenue Profit Before Tax

Unit Financing (unit)Asset Quality

Revenue and Profit Before Tax IDR billion

Consumer FinancingIDR billion

NPL Gross NPL Net

Bank Internasional Indonesia (3/4)BII Finance’s PBT increased 39.7% YoY

27.5% YoY

39.7% YoY

2.5% YoY

41.2% YoY

3.7% YoY

43

3,681

4,443

Mar-14 Mar-15

3.05% 3.08% 3.03% 2.75% 2.81%

1.30% 1.47%1.24% 1.07% 1.09%

Mar-14 Jun-14 Sept-14 Dec-14 Mar-15

NPL Gross NPL Net

90

34

124

90

52

142

New Used TotalMar-14 Mar-15

354

416

121

Mar-14 Mar-15Revenue Profit Before Tax

Unit Financing (‘000 unit)Asset Quality

Revenue and Profit Before Tax IDR billion

Consumer FinancingIDR billion

20.7% YoY

14.5% YoY

53.1% YoY

Bank Internasional Indonesia (4/4)WOM Finance revenue increased 17.5%; asset quality remained healthy

44



Prospects & Outlook



2. Global Banking


5. Other segments

6. Affiliates

7

2

23

26

31

36

40

45

50



45

Maybank Islamic contribution to Maybank Malaysia Financing as at March 2015

27.6124.48 25.93

4.70

10.70

15.13

29.3426.31 26.82

4.51

11.81

18.01

AITAB Mortgage TermFinancing

Others (CFS) TermFinancing

Others (GB)

Dec-14 Mar-15

GB: 61%

Islamic Banking (1/2)Higher Group Islamic Banking PBT of 8.5% for 1Q FY2015 on increased fund- and fee-based income

Group Islamic Banking Financial Performance

Note: Group Islamic Banking includes Maybank Islamic and the Group’s other Islamic operations

RM million 1Q FY2015 1Q FY2014 YoY

Total Income 932.7 808.4 15.4%

Profit Before Tax 353.4 325.6 8.5%

MaybankIslamic, 46.3%

MaybankConventional

Malaysia, 53.7%

Year Contribution

Dec 2013 38.9%

Dec 2014 43.8%

Mar 2015 46.3%

Maybank Islamic: Improving key ratios

Mar-15 Mar-14

Gross Impaired Financing ratio 0.76% 0.67%

Cost to Income ratio* 39.7% 37.8%

Total Capital ratio 14.65% 13.48%

*Cost for Mar-14 is normalised with adjustment on shared service costs

CFS: 21 %

Maybank Islamic: Total Gross Financing grew by30% (annualised) to RM116.8 billion

25% 30% 14%

16%

42%76%

46

Islamic Banking (2/2)Maybank Islamic Malaysia’s financing market share strengthened to 33.0% from 30.7% a year ago

Mar-15 Mar-14

Automobile financing 40.7% 35.8%

Home Financing 26.1% 23.5%

Term financing 30.2% 29.9%

CASA Deposits 32.4% 29.7%

Maybank ranks No.1 by Asset Market Share in Malaysia

Source: BNM monthly statistical bulletin Dec-14

Malaysia Asset Market Share Dec-14 Rank

Maybank Islamic 33% 1

CIMB Islamic 10% 2

Bank Islam 9% 3

Source: Bloomberg

Global Sukuk League Table Ranking

Market Share

(%)

Amount

(USD million)Issues

#5 Maybank 6.1 553.23 11

MYR Sukuk League Table Ranking

Market Share

(%)

Amount

(RM million)Issues

#4 Maybank 9.7 700 4

Sukuk League Table Ranking for 1Q 2015

30.6% 30.7% 31.1% 31.6%32.7% 33.0%

23.8% 24.1%25.1% 24.7% 24.9% 24.4%

15.0%

20.0%

25.0%

30.0%

35.0%

Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15

Financing Deposit

Maybank Islamic Market Share (Malaysia) Market Share by Product

47

26.36 27.54 27.62

Mar 2014 Dec 2014 Mar 2015

Insurance and TakafulGross premiums for combined life/family and general increased 7.3% YoY for 1Q FY2015

0 200 400 600 800 1,000 1,200 1,400 1,600

Total Life/Family& General

Total General

Misc

MAT

Motor

Fire

Total Life/Family

Group Premium

Credit Premium

Regular Premium

Single Premium

(RM Million)

1Q FY15

1Q FY14

Total Assets (RM billion)

Life / Family (New Business) Market Share

General Insurance and Takaful Market Share

Gross Premium

No. 4 in Life/Family (New Business)

No. 1 in General Insurance and

Takaful

‐64.7% YoY

Profit Before Tax (RM million)

* Market Share is for period Jan’14 – Dec’14 (Source: LIAM / ISM Statistics)

+4.8% YoY+0.3% YTD

8.6%

11.1%

12.8%

0.0% 5.0% 10.0% 15.0%

AmGeneral Insurance

Allianz Insurance

Etiqa Ins. & Tak.

10.8%

14.5%

14.7%

17.8%

0.0% 5.0% 10.0% 15.0% 20.0%

Etiqa Ins. & Tak.

Prudential Ins. & Tak.

GE Ins. & Tak.

AIA Ins. & Tak.

141.22

49.89

Mar 2014 Mar 2015

-61.1%

+17.2%

+9.3%

-16.9%

+4.1%

+3.1%

+8.5%

+19.6%

-16.1%

+9.5%

+7.3%

• PBT includes estimated transfer of RM8.79 million from Family Fund in March 2015.

48

Revenue and PBTKey Highlights

935.91,127.4

200.1 191.7

1Q FY2014 1Q FY2015

Revenue

PBT

+20.5% YoY

-4.2% YoY

48,670.649,652.1

52,483.0 52,583.3

As at 31 Dec 14 As at 31 Mar 15

Gross Loans

CustomerDeposits

+8.1%*

PESO

Mil

PESO

Mil

Maybank PhilippinesRevenue growth of 20.5% in line with expansion activities in market

Gross Loans and Deposits

*Annualised growth

+0.8%*

Revenue improved 20.5% YoY due to higher netinterest income and non-interest income.

Gross loans grew 8.1% (ann.) driven by an increase inretail loans, especially auto loans.

Customer deposits increased slightly by 0.8% (ann.)driven by higher CASA.

However, PBT was lower by 4.2% YoY for 1Q FY2015due to higher overheads for expansion andprovisioning.

Key Ratios Mar’ 2015 Mar’ 2014

Return on assets 0.98% 1.10%

Return on equity 3.27% 5.82%

Cost-to-income ratio 76.69% 74.20%

Loans-to-deposit ratio 94.43% 82.99%

Gross Impaired Loans ratio 3.77% 3.52%

No. of branches 79 79

49



Prospects & Outlook



2. Global Banking


5. Other segments

6. Affiliates

7

2

23

26

31

36

40

45

50



50

Revenue grew 32.7% primarily due to higher feeincome.

However, higher provisioning resulted in PBT declining16.4% YoY for 1Q FY2015.

Gross loans was lower by 34.8% (ann.) due to lowercorporate and FI lending.

Customer deposits decreased 44.9% (ann.), mainly ledby a decline in corporate and FI deposits while retaildeposits were marginally lower by 1.2%.

Gross NPL ratio improved YoY to 3.10% from 6.13% in1Q FY14.

Key Highlights

371.7

493.2

103.4 86.4

1Q FY2014 1Q FY2015

Revenue

PBT

+32.7% YoY

-16.4% YoY

42,633.1

38,920.1

45,403.7

40,310.0


Gross Loans

CustomerDeposits

-44.9%*

-34.8%*

VND

Bil

VND

Bil

An Binh BankRevenue grew 32.7% YoY attributed to higher fee income






Gross NPL Ratio 3.10% 6.13%

Revenue and PBT


*Annualised growth

51

322.8 322.4

676.0 714.8


Gross Loans

CustomerDeposits

12.9

17.2

8.612.0

1Q FY2014 1Q FY2015

Revenue

PBT

MCB BankImproved PBT on the back of higher income and lower provisions

Revenue and PBT


-0.5%*

+39.5% YoY

+33.3% YoY

*Annualised growth

Key Highlights

PKR

Bil

PKR

Bil

+23.0%*

PBT increased by 39.5% YoY mainly due to higher non-interest income and lower provisioning YoY.

Gross loans contracted slightly by 0.5% (ann.) due to lower Islamic financing advances and trade bills.

Customer deposits rose 23.0% (ann.), contributed by an increase in CASA.

Gross NPL ratio improved by 153 bps due to a decrease in NPL balance.






Gross NPL Ratio 6.73% 8.26%

52

Mohamed Rafique Merican Group Chief Financial OfficerContact: (6)03-2074 7878Email: [email protected]

MALAYAN BANKING BERHAD14th Floor, Menara Maybank100, Jalan Tun Perak50050 Kuala Lumpur, MalaysiaTel : (6)03-2070 8833

www.maybank.com

Narita NazireeHead, Group Performance Reporting &Investor RelationsContact: (6)03-2074 8017Email: [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.

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.

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