Investor Relations Release...UBL Performance Overview –9M 2018Performance Highlights –9M...

UBL Performance Overview – 9M 2018

Performance Highlights – 9M 2018

Investor Relations Conference Call

October 19th, 2018

Speakers:

Mr. Aameer Karachiwalla - Chief Financial Officer

Mr. Arif Saifie, FCA, CFA - Financial Controller and Head of Investor Relations Investor Relations Release


Table of Contents

3

7

29

PAGE

Key Highlights

Growth at a Glance

Execution and Delivery

Quarterly Trend Analysis

25

UBL Performance Overview – 9M 2018 3

PBT before extraordinary items at Rs. 25.2 bln, down 20% vs. 9M’17

PBT at Rs. 16.5 bln, down 47% vs. 9M’17

Major downsides impacting results in 9M’18:

Rs 8.7 bln recorded as pension liability (Q1’18: Rs 6.4 bln; Q2’18: Rs 2.0 bln; Q3’18: Rs 0.3 bln)

International Provisions of Rs 6.9 bln taken in 9M’18 (Q1’18 Rs 2.7 bln; Q2’18: Rs 2.4 bln; Q3’18: Rs 1.8 bln) to build coverage from 58% in Dec’17 to 74% in Sep’18.

Major upsides building core earnings in 9M’18:

Average domestic current deposits at Rs. 449 bln, up 16% vs. 9M’17

Average CASA for the period was 86.8% (9M’17: 82.4%)

Domestic cost of deposits maintained at 2.74% (9M’17: 2.75%) – despite rate hike

Domestic fees grew by 26% YoY to reach Rs 8.5 bln in 9M’18

FX income increased by 103% to Rs 2.7 bln in 9M’18

Overall Bank revenues up by 5%, closing at Rs. 61.3 bln in 9M’18

Overall operating expenses growth well contained at 7% - 9M’18 vs 9M’17 (staff costs increase of 3%)

CAR has improved from 15.45% in Dec’17 to 17.35% in Sep’18

Key Performance Highlights

UBL Standalone Results


Net Interest Income of Rs. 41.9 bln in 9M’18 (9M’17: Rs. 42.2 bln)

446,000 NTB current accounts mobilized in 9M’18 (9M’17: 405,000)

Growth led by current deposits – average growth of 16%, incremental vol. of Rs. 61 bln

Domestic CASA of 88.6% at Sep’18 end (Dec’17: 84.7%). Current to total deposits ratio at 47.7%

(Dec’17: 44.3%). Average domestic deposits grew by 5% year on year

Average performing advances growth of 23% - Domestic up 36%, International down 15%

Growth led by Corporate – average loan book expansion of 33%

Average Consumer portfolio grew 35% to Rs. 13 bln, SME lending up 27% to Rs. 29 bln

PIBs portfolio at Rs 402 bln (Dec’17: Rs 542 bln) - maturities of Rs 64 bln in 9M’18

Repo book reduced from Rs. 450 bln at Dec’17 to Rs. 177 bln at Sep’18 end

4

Branch Banking builds deposit base in cost efficient manner

Avg. Total Assets of Rs 1.83 tln in 9M’18, a growth of 8% over 9M’17


Overall NFI closed at Rs 19.4 bln in 9M’18, a 21% growth over 9M’17

DOM FX revenue up by Rs 1.4 bln to Rs 2.5 bln in 9M’18 – amidst higher FX volumes

Fee income stood at Rs 10.0 bln, up 14% from 9M’171

Domestic fees grew by 26% YoY to reach Rs 8.5 bln in 9M’18:–

Home remittances revenues grew by 42% - market share up to 30% (9M’17: 25%)

Trade commissions growth of 5% to reach Rs 682 mln

Debit card commissions grew by 33% - 509,000 new cards issued (9M’17: 538,000)

Banca revenues up 45% to reach Rs 999 mln (9M’17: Rs 690 mln)

Cash management commissions grew by 21% over 9M’17 to reach Rs 395 mln

Dividend income of Rs. 1.4 bln (9M’17: 1.5 bln) – yield of 7.9% (9M’17: 8.0%)2

Capital gains of Rs. 4.7 bln realized (9M’17: Rs 3.8 bln) – mainly on the PIBs portfolio 3

FX income increased by 103% to Rs 2.7 bln in 9M’184


DOM net provision charge of Rs 0.5 bln in 9M’18 (9M’17: net reversal of Rs 2.2 bln)

DOM asset quality stood at 5.2% at the end of Sep’18 (Dec’17: 6.2%)

International provisions of USD 58.7 mln taken in 9M’18 (9M’17: USD 21.9 mln)

Overall NPLs closed at Rs. 57.3 bln at Sep’18 (Dec’17: Rs. 51.1 bln)

International NPLs at USD 236 mln at Sep’18(Jun’18: USD 233 mln Dec’17: USD 207 mln)

International coverage stood at 74% in Sep’18 (Jun’18: 71% and Dec’17: 58%)

Overall asset quality maintained at 7.9% (Dec’17: 7.9%)

At Bank level specific coverage at 82% (Dec’17: 76%) – DOM coverage at 91% (Dec’17: 91%)

6

Net provision charge of Rs. 7.4 bln in 9M’18 vs. Rs. 0.1 bln in 9M’17

Administrative expenses stood at Rs. 28.2 bln, up 8% YoY

Personnel costs for 9M’18 at Rs. 12.4 bln, up 3% vs 9M’17

Premises cost up 7% in 9M’18 to reach Rs 5.3 bln

Variable / Other costs increased by 15% - primarily due to higher sales related commissions,

cash transportation charges, consultancy charges etc.

Provisions and Loan Losses


Execution and Delivery


50%75% 85%

100%115%

130% 130% 130%

80%

54.8%59.2% 58.2%

65.8% 64.2% 61.9% 57.4% 62.6% 64.0%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

0%

20%

40%

60%

80%

100%

120%

140%

2010 2011 2012 2013 2014 2015 2016 2017 9M'18

Cash Dividend Dividend Payout Ratio

8

Consistent earnings performance throughout the years

Equity and Book Values

Dividend Payout EPS & Price Earnings Ratio

Trends - KSE 100 Index and UBL’s share price

Dec'10 Dec'11 Dec'12 Dec'13 Dec'14 Dec'15 Dec'16 Dec'17

EPS 9.1 12.7 14.7 15.2 17.9 21.0 22.7 20.8

PE 7.5 4.1 5.7 8.7 9.9 7.4 10.5 9.1

0.7

5.6

10.4

15.3

20.1

25.0

2.0

5.6

9.2

12.8

16.4

20.0

*

* Payout for 9M’18 is computed on normalized PAT excluding the effect of one-off pension cost

68 79 92 101

126 142

152 159 150

56 65 75 82 103

116 124 130 123

2010 2011 2012 2013 2014 2015 2016 2017 Sep'18Total Equity - St. BV Per share - St.

Rs in bln Cons . Equity Sep’18 - Rs. 166 bln

Cons . Book va lue Sep’18 - Rs. 136 per share

25

30

35

40

45

50

55

100

120

140

160

180

200

220

240

260

280

300

De

c-1

3

Ma

r-1

4

Jun

-14

Se

p-1

4

De

c-1

4

Ma

r-1

5

Jun

-15

Se

p-1

5

De

c-1

5

Ma

r-1

6

Jun

-16

Se

p-1

6

De

c-1

6

Ma

r-1

7

Jun

-17

Se

p-1

7

De

c-1

7

Ma

r-1

8

Jun

-18

Se

p-1

8

UBL's share price KSE 100 Index

Max 9M'18: Rs. 215.16 28 Sep’18: Rs. 154.0018 Oct'18: Rs. 137.57


Income Statement - Standalone

9

9M'18 9M'17 Var % Q3'18 Q2'18 Var %

Interest Earned 83.9 78.2 7.3% 29.7 26.0 14.2%

Interest Expensed (42.0) (36.0) -16.7% (15.9) (11.8) -34.5%

Net Interest Income 41.9 42.2 -0.7% 13.8 14.2 -2.6%

Non Interest Income 19.4 16.1 20.5% 5.1 7.0 -26.4%

Total Revenue 61.3 58.3 5.2% 19.0 21.2 -10.5%

Admin. Expenses (28.2) (26.1) -7.9% (9.6) (9.9) 2.3%

Operating Expenses (28.6) (26.8) -6.8% (9.8) (10.0) 2.1%

Pre Prov. Operating Profit 32.7 31.5 3.7% 9.1 11.2 -18.0%

Provision Exp./Other writeoffs (7.4) (0.1) NA (2.9) (2.6) -11.2%

Profit Before Extra Ordinary / Unususal Item and Tax 25.2 31.4 -19.6% 6.2 8.5 -27.0%

Extra Ordinary / Unususal Item - Pension Cost (8.7) - -100.0% (0.3) (2.0) 82.9%

Profit Before Tax 16.5 31.4 -47.5% 5.9 6.5 -9.8%

Profit After Tax 9.7 19.1 -49.0% 3.5 3.6 -4.5%

Rs in bln Rs in bln


Income Statement - Domestic

10

9M'18 9M'17 Var % Q2'18 Q2'18 Var %

Interest Earned 73.0 67.6 8.1% 25.9 22.4 15.3%


Net Interest Income 35.6 35.7 -0.2% 11.6 12.1 -4.6%


Total Revenue 53.0 49.2 7.8% 16.0 18.5 -13.6%

Admin. Expenses (23.2) (21.3) -8.6% (8.1) (8.0) -1.4%

Operating Expenses (23.2) (21.5) -7.7% (8.1) (8.0) -1.0%


Provision Exp./Other writeoffs (0.5) 2.2 -124.9% (1.1) (0.3) -303.8%




Profit After Tax 12.7 18.2 -30.1% 4.8 4.4 8.4%

Rs in bln Rs in bln


Balance Sheet - Standalone

11

Sep'18 Dec'17 Var %

Advances 673 605 11.4%

Investments 860 1,092 -21.3%

Lendings to Financial Institutions 59 34 75.2%

Others 265 277 -4.4%

Total Assets 1,857 2,007 -7.5%

Deposits 1,335 1,289 3.5%

Borrowings 304 513 -40.7%

Subordinated Loans 6 - 100.0%

Others 62 46 34.1%

Total Liabilities 1,707 1,848 -7.6%

Net Assets 150 159 -5.7%

Share Capital 12 12 0.0%

Reserves 49 44 11.8%

Unappropriated Profit 66 71 -7.1%

Total Equity 127 127 0.1%

Surplus on revaluation of Assets 23 32 -28.5%

Total Equity + Surplus 150 159 -5.7%

Rs in bln


Income Statement - Consolidated

9M'18 9M'17 Var % Q3'18 Q2'18 Var %

Interest Earned 87.0 80.6 7.9% 30.8 27.1 13.8%


Net Interest Income 43.4 43.4 0.1% 14.4 14.8 -2.6%


Total Revenue 64.7 61.6 4.9% 20.1 22.0 -8.7%

Admin. Expenses (30.7) (28.5) -8.0% (10.5) (10.8) 2.6%

Operating Expenses (31.2) (29.2) -7.0% (10.6) (10.9) 2.5%


Provision Exp./Other writeoffs (8.0) (0.5) NA (3.2) (2.8) -15.4%




Profit After Tax 9.5 19.5 -51.2% 3.4 3.4 0.9%

Rs in bln Rs in bln


Balance Sheet - Consolidated

13

Sep'18 Dec'17 Var %

Advances 711 643 10.7%

Investments 902 1,125 -19.8%

Lendings to Financial Institutions 60 36 67.1%

Others 290 302 -3.9%

Total Assets 1,963 2,105 -6.7%

Deposits 1,415 1,366 3.6%

Borrowings 313 517 -39.5%

Subordinated Loans 6 - 100.0%

Others 63 48 32.4%

Total Liabilities 1,797 1,931 -6.9%

Net Assets 166 174 -4.6%

Share Capital 12 12 0.0%

Reserves 54 47 13.4%

Unappropriated Profit 71 76 -6.6%

Total Equity attributable to euity holders of Bank 137 136 0.9%

Non-controlling Interest (NCI) 5 5 3.4%

Surplus on revaluation of Assets 24 34 -28.2%

Total Equity + NCI + Surplus 166 174 -4.6%

Rs in bln


Deposits - Bank

Deposits performance - Focus remains on growing low cost deposits

Cost of Deposits

Sep'18 Dec'17 9M'18 9M'17 9M'18 9M'17

Domestic deposits - Rs in bln 1,086 1,033 1,010 963 2.7% 2.7%

International deposits - Rs in bln 248 256 251 231 2.2% 2.2%

Total Bank - Rs in bln 1,335 1,289 1,261 1,195 2.6% 2.6%

International - USD in mln 1,958 2,322 2,134 2,203 2.2% 2.2%

Domestic CASA 88.6% 84.7% 86.8% 82.4%

Domestic Current to Total Deposits 47.7% 44.3% 44.4% 40.2%

Cost of DepositsAveragePeriod End

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18

Domestic International Bank

3.0%2.9%

2.3%


Advances portfolio up 11% over Dec’17

Net Advances

Sep'18 Dec'17 Var %

Corporate Bank 351 303 16%

Commodity 76 47 62%

Commercial 34 35 -4%

Consumer 15 12 25%

Others 34 34 2%

Total Domestic 510 431 18%

International 164 173 -5%

Bank 673 605 11%

International USD mln 1,318 1,569 -16%

Rs in bln

351

303

76

47

34

35

15

12

164

173

34

34

Sep'18

Dec'17

Corporate Bank Commodity Commercial Bank Consumer Bank International Others


International Advances - Corporate advances remains the largest component

16

Dubai, 65%

Abu Dhabi, 29%

Sharjah, 6%

By Business - UAEBy Geography

UAE, 75%

Bahrain, 14%

Qatar, 11%Yemen, 0%

NewYork, 0%

EPZ, 0% Corporate, 66%

Consumer,

4%

Others, 30%

Baitna, 98%

Personal loan, 1%

Others, 1%


Concentration of Advances as at September 30, 2018 - Standalone

17

2%

12%

10%

1%1%

3%

7%

2%

29%

7%

26%

Chemical & Pharma Agribusiness Textile

Cement Sugar Autos & Transport

Financial Electronics Power & Energy

Individuals Others


Diversified investment portfolio with strong market risk management

Investments’ yields

Non Funded revenue streams continue to grow

Portfolio declines in line with reduced leveraging

18

320 414

402

542 18

18

47

39

54

47

0

1

18

31

Sep'18 Dec'17

T Bills PIBs

Listed shares GoP Sukuks / Eurobonds

Foreign bonds Mutual funds

Others

Rs in blnTotal 1,092

Total 86010.4%

11.1%

10.4%

8.9%

7.8%7.5%

2013 2014 2015 2016 2017 9M'18

1,544 1,395

1,323 2,689

3,824

4,676

9M'17 9M'18

Capital gains

FX income

Dividend

Rs in mln


Our international outreach - serving in 4 continents under the single “UBL” brand

19

OVERSEAS BRANCHES20

PAKISTAN BRANCHES1,362

SUBSIDIARIES4

ASSOCIATED COMPANIES3

Globally around 20% of our asset base is located overseas

Asset mix by region 2017 2016Domestic Operations 79.9% 76.4%

International Operations 20.1% 23.6%Middle East 14.8% 17.5%USA 0.2% 0.7%Europe 4.7% 5.0%Africa 0.2% 0.3%EPZ 0.1% 0.1%


UBL Innovation and Awards

UBL “Firsts” – Initiatives to stay ahead of the market Market recognition and awards

First Commercial Bank in Pakistan to launch Branchless Banking (UBL OMNI)

First Bank in the world to issue VISA Debit Cards for G2P assistance to affectees

First Bank to provide Instantaneous ATM/Debit cards to branchless banking customers at the time of account opening (UBL Omni)

First Pakistani Bank to be granted status of Authorized Derivative Dealer (ADD) in Pakistan and First institution from Pakistan and third in South Asia to be accredited with Primary Membership of International Swaps and Derivatives Association

First Bank in Pakistan to offer Prepaid VISA Debit Card

First Bank in Pakistan to offer Verified by Visa Service

First Bank in Pakistan where customer’s inward remittances are deposited automatically on an ATM and VISA enabled debit card (UBL Tezraftaar PardesCard)

“Best Bank” in the first ever Pakistan Banking Awards 2016

“Best Bank for Corporate Finance and Capital Market Development” in the Pakistan Banking Awards 2017

JCR-VIS reaffirmed UBL’s entity ratings at AAA/A-1+ (Triple A / A-One Plus)

“Innovation Award” at the Mastercard Innovation Forum for ‘Launch of UBL MasterPass QR’

“National Medal of Innovation Award” 2016 for Pioneering G2P Payments – Pakistan Innovation Foundation

Top 25 Companies Award by the Karachi Stock Exchange for 2010-2012, 2015 and 2016

“Best Bank for SMEs” by the Asia Money Pakistan Banking Awards in 2017

2012 & 2013 Bank of the Year in Pakistan Award by The Banker Magazine, an affiliate of the Financial Times, UK

ASIAMONEY Best Domestic Bank Award for 2011 and 2012

Recognized globally in 2013 as one of the 14 “Sprinters” by the GSMA’s Mobile Money for the Unbanked (MMU) program, being the only bank in the category

GSMA Global Mobile Award 2012 for “Best Use of Mobile in Emergency or Humanitarian Situations” and Financial Insights Innovation Award for “Innovation in Cash Disbursements (G2P)”

Recognized by CFA Pakistan Society for the “Best Investor Relations” function in 2013 and 2014

20


Review of Non Interest Income & Administrative Expenses


Non Fund Income Standalone Results

9M'18 9M'17 Var %

Fee, commission and brokerage income 8,481 6,738 26%

Dividend income 1,388 1,537 -10%

Income from dealing in foreign currencies 2,466 1,033 139%

Gain / (loss) on sale of securities 4,464 3,598 24%

Other income 588 562 5%

Domestic Total 17,386 13,467 29%

International Total 2,033 2,648 -23%

Bank Total 19,419 16,115 21%

International Total - USD in '000 17,295 25,207 -31%

Rs in mln


Fees and Commissions performance Standalone Results

9M'18 9M'17 Var %

OMNI fee & commissions 1,377 1,280 8%

Commission on trade 682 648 5%

Corporate service charges/ Facility fee 144 157 -9%

Corporate finance fee 475 168 182%

FIG commission 202 83 144%

Commission on ATM/ Debit cards 1,177 889 33%

Commission on home remittances (net) 787 554 42%

Commission on remittances/ uniremote services 734 638 15%

Commission on consumer loan 623 546 14%

Commission income - Bancassurance 999 690 45%

Commission on cash management 395 325 21%

Commission others 886 760 17%

Domestic Total 8,481 6,738 26%


Bank Total 9,990 8,763 14%

International Total - USD in '000 12,844 19,283 -33%

Rs in mln


Administrative Expenses Standalone Results

9M'18 9M'17 Var %

Salaries, allowances & Staff fund

charges8,649 8,019 -8%

Rent taxes insurance etc. 3,054 2,854 -7%

Outsourced service charges

including sales commission3,236 2,985 -8%

Advertisement and publicity 465 611 24%

Communications 794 708 -12%

Depreciation / Amortization 2,037 1,760 -16%

Legal and professional charges 293 215 -36%

Banking service charges 933 744 -25%

Stationery and printing 462 407 -14%

Travelling 137 145 6%

Cash transportation charges 724 579 -25%

Repairs and maintenance 1,098 1,014 -8%

Vehicle expenses 121 134 10%

Office running expenses 292 591 51%

Insurance expense 352 71 -393%

Others 512 487 -5%

Domestic Total 23,157 21,325 -9%


Bank Total 28,155 26,101 -8%

International Total - USD in '000 42,535 45,458 6%

Rs in mln


Growth at a Glance


Balance Sheet

Rs. in mlns 2017 2016 2015 2014 2013 2012

Assets

Cash and balances with treasury and other banks 177,099 146,428 128,870 87,573 114,388 109,396

Lending to financial institutions 33,664 34,168 24,095 21,872 28,835 21,953

Investments- gross 1,095,555 808,959 721,651 499,060 425,253 351,002

Advances - gross 646,552 550,636 497,032 479,998 436,749 409,090

Operating fixed assets 46,205 35,582 31,630 30,303 24,608 24,431

Other assets 54,065 44,731 41,124 40,067 27,317 26,800

Total assets - gross 2,053,140 1,620,504 1,444,402 1,158,874 1,057,150 942,673

Provisions against non-performing advances (41,990) (40,525) (41,618) (45,734) (45,936) (44,727)

Provisions against diminution in value of investment (3,769) (2,428) (2,133) (1,726) (1,476) (1,412)

Total assets - net of provision 2,007,381 1,577,551 1,400,651 1,111,414 1,009,739 896,535

Liabilities & Equity

Deposits & other Accounts 1,289,247 1,179,887 1,051,235 895,083 827,848 698,430

Borrowing from financial institutions 512,650 201,550 163,132 53,065 40,574 68,720

Sub-ordinated loans - - - - 665 9,319

Bills payable 13,388 11,756 13,392 9,554 16,591 7,601

Other liabilities 32,789 32,571 30,757 28,196 23,147 20,226

Total Liabilities 1,848,074 1,425,764 1,258,516 985,898 908,825 804,296

Net Assets / Liabilities 159,307 151,787 142,135 125,516 100,914 92,238

Share capital 12,242 12,242 12,242 12,242 12,242 12,242

Reserves 43,847 40,455 38,402 34,130 33,681 29,044

Un - appropriated profit / (loss) 71,154 64,246 55,223 48,217 42,635 37,416

Equity - Tier I 127,243 116,943 105,867 94,589 88,558 78,702

Surplus on revaluation of assets 32,064 34,844 36,268 30,927 12,356 13,537

Equity 159,307 151,787 142,135 125,516 100,914 92,238

Total liabilities & equity 2,007,381 1,577,551 1,400,651 1,111,414 1,009,739 896,535


Profit & Loss

Rs. in mlns 2017 2016 2015 2014 2013 2012

Markup / return / interest earned 107,206 98,219 94,353 82,735 72,846 73,507

Markup / return / interest expensed (50,781) (41,177) (38,511) (37,769) (34,910) (34,948)

Net Markup / Interest income 56,425 57,042 55,842 44,967 37,936 38,560

Fee, commission, brokerage and exchange income 14,496 14,020 14,474 14,418 12,205 10,025

Capital gain & dividend income 6,762 8,629 6,442 3,806 4,845 3,131

Other income 904 960 1,070 1,071 1,064 3,975

Non interest income 22,162 23,609 21,986 19,296 18,114 17,131

Gross income 78,587 80,651 77,828 64,263 56,050 55,691

Administrative expenses and other charges (36,109) (32,809) (31,776) (29,597) (26,718) (24,306)

Profit before provisions 42,478 47,842 46,052 34,666 29,332 31,385

Donations (110) (87) (167) (112) (77) (35)

Provisions (2,208) (1,740) (3,710) (1,156) (1,448) (4,499)

Profit before taxation 40,160 46,015 42,175 33,398 27,807 26,851

Taxation (14,739) (18,285) (16,448) (11,469) (9,193) (8,960)

Profit after taxation 25,421 27,730 25,727 21,930 18,614 17,891


Key Financial Ratios & Share Information

2017 2016 2015 2014 2013 2012

Key Financial Ratios

Return on equity (RoE) 20.8% 24.9% 25.7% 23.9% 22.3% 23.8%

Return on assets (RoA) 1.4% 1.9% 2.0% 2.1% 2.0% 2.1%

Profit before tax ratio 51.1% 57.1% 54.2% 52.0% 49.6% 48.2%

Return on capital employed (RoCE) 20.8% 24.9% 25.7% 23.9% 21.0% 20.9%

Advances to deposits ratio (ADR) - gross 47.3% 44.4% 45.2% 51.3% 50.7% 56.2%

Cost to revenue ratio 45.0% 39.6% 39.7% 45.2% 46.5% 42.6%

Growth in gross income -2.6% 3.6% 21.1% 14.7% 0.6% 6.8%

Total assets to shareholders’ funds 12.6 10.4 9.9 8.9 10.0 9.7

Intermediation cost ratio 2.9% 2.9% 3.3% 3.4% 3.5% 3.7%

NPL ratio 7.9% 8.1% 9.4% 11.2% 12.1% 14.0%

Net infection ratio 1.5% 0.8% 1.1% 1.9% 1.7% 3.5%

Capital adequacy ratio (CAR) 15.4% 15.1% 14.6% 13.9% 13.3% 15.0%

Share Information - Rs

Cash dividend per share 13.00 13.00 13.00 11.50 10.00 8.50

Dividend yield (based on cash dividend) 5.4% 8.4% 7.4% 8.7% 12.0% 16.2%

Dividend payout ratio (total payout) 62.6% 57.4% 61.9% 64.2% 65.8% 58.2%

Earning per share (EPS) 20.77 22.65 21.02 17.91 15.21 14.61

Price earnings ratio (PE) 9.05 10.55 7.37 9.86 8.72 5.72

Market value per share - at the end of the year 187.97 238.90 154.95 176.71 132.55 83.67

Market value per share - highest during the year 283.00 243.72 186.75 198.39 154.21 91.99


Quarterly Trend Analysis

Bank Level - Standalone


Profit before tax Rs in bln

30

5.96.4

7.1

8.47.8 8.0 8.3

9.3

10.9 11.2

10.2 9.9

11.3

13.5

10.810.4

11.2 11.8

8.4

8.8

4.1

6.5

5.9


+4%

-54%

+61%

-10%


Profit after tax Rs in bln

31

4.04.3

4.7

5.7

5.2 5.3 5.3

6.1

7.1

5.6

6.56.5

7.3

7.0

7.0

6.4

7.3

6.0

5.9

6.3

2.6

3.63.5

Q1'13Q2'13Q3'13Q4'13Q1'14Q2'14Q3'14Q4'14Q1'15Q2'15Q3'15Q4'15Q1'16Q2'16Q3'16Q4'16Q1'17Q2'17Q3'17Q4'17Q1'18Q2'18Q3'18

-5%

-58%

+37%

+8%


Deposits Rs in bln

703752 773

828 847 858 866895

945992 994

1,051 1,070

1,142 1,1471,1801,183

1,256 1,2541,2891,301

1,3151,335


+1%

+3% +1%+1%


Net Advances Rs in bln

352363 369

391377

408417

434420

430

459 455

447

496509 510

498

565 567

605624

675 673


-0%

+7%

+3%

+8%


Revenue Rs in bln

12.6

13.814.1

15.414.9

16.3

15.5

17.6

19.3

20.3

18.6

19.5

21.9

21.3

18.1

19.220.0 20.4

17.9

20.3

21.2 21.2

19.0


-10%

+13%

+4%

+0%


Net Interest Income Rs in bln

8.8 9.0

9.5

10.6

9.8

11.311.0

12.813.1

14.2

13.9

14.7

13.6

15.7

13.7

14.0

13.7

14.3

14.2

14.2

13.9

14.2 13.8


+1%

-3%

+2%

-3%


Non Funded Income Rs in bln

3.9

4.84.6

4.9 5.1 5.0

4.54.8

6.2 6.2

4.84.8

8.4

5.6

4.5

5.2

6.36.1

3.8

6.0

7.3

7.0

5.1


+60%

+21%

-5%

-26%


Provisions Rs in bln

0.50.8 0.3

-0.1

0.2

0.9

-0.1

0.2

0.8

1.3

0.7

0.9

2.0

-0.3 -0.3

0.30.1

-0.5

0.6

2.1

1.9

2.62.9


+11%

+260%

-8%

+37%


Administrative Expenses Rs in bln

6.26.5 6.5

6.9 6.97.2 7.1

8.0

7.37.6

7.4

8.6 8.4

7.8

7.4

8.28.5

8.8 8.8

9.2

8.7

9.9

9.6


-2%

+5%

-6%

+14%


The information contained herein reflects our latest business statement as atSeptember 30, 2018.

Except the historical information contained herein, statements in this Releasewhich contain words or phrases such as ‘will’, ‘would’, ‘indicating’ expected to’ etc.,and similar expressions or variations of such expressions may constitute ‘forward-looking statements’. These forward-looking statements involve a number of risks,uncertainties and other factors that could cause actual results to differ materiallyfrom those suggested by the forward-looking statements. These risks anduncertainties include, but are not limited to our ability to successfully implementour strategy, future levels of non-performing loans, our growth and expansion inbusiness, the impact of any acquisitions, the adequacy of our allowance for creditlosses, technological, implementation and changes, the actual growth in demandfor banking products and services, investment income, cash flow projections, ourexposure to market risks as well as other risks detailed in the reports filed by uswith various regulatory authorities as per applicable laws and regulations. UBLundertakes no obligations to update forward-looking statements to reflect event orcircumstances after the date thereof.

Important Information


Thank You

Investor Relations Release...UBL Performance Overview –9M 2018Performance Highlights –9M...

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