3Q13 presentation slides strategy
Continued franchise resilience
DBS Group Holdings
3Q 2013 financial results
November 1, 2013
Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or
distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.
Agenda
Franchise Update
Balance Sheet
Asset Quality
2
Record 9M2013 earnings
9M13 income at a high of $6.8b,
11% from a year ago
But third quarter challenging given market uncertainties
T&M business particularly impacted in September
Income (S$m)
2,317
2,156
Total
(a)
1,767
1,908
1,945
2,004
1,959
621
672
666
820
702
2,309
2,150
990
927
744
Non interest
income
687
Net interest
income
1,080
1,206
1,336
1,324
1,332
1,293
1,327
1,382
1,406
2010
Quarterly
Average
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
9M13 net profit of $2.7b
Record high
(a)
at record
Excludes one-time items
3
Treasury related revenues
Treasury income (S$m)
206
189
171
Customer
Sales
178
99
94
78
77
104
72
Trading
108
95
93
100
32
1Q13
Monthly
Average
2Q13
Monthly
Average
Jul
Aug
Sep
July and August held up; September more challenging
due to market uncertainties
4
SME
Income (S$m)
337
348
341
2Q13
3Q13
301
260
2010
Quarterly
Average
273
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
1Q13
9M13:
(a)
8% yoy
(a)
Up 14% on comparable basis that excludes the impact of customer up-tiering
5
Wealth
Record
High
Income (S$m)
201
127
2010
Quarterly
Average
230
229
227
1Q13
2Q13
3Q13
155
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
9M13:
14% yoy
Total earning assets (S$b)
91
4Q10
114
103
4Q11
1Q12
2Q12
3Q12
4Q12
122
122
127
1Q13
2Q13
3Q13
9M13:
12% yoy
Comprising Treasures, Treasures Private Client and Private Bank
6
GTS
Income (S$m)
343
351
355
1Q13
2Q13
3Q13
342
262
176
Cash
Trade
2010
Quarterly
Average
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
9M13: flat yoy
Deposit and loan growth (S$b)
114
109
95
94
81
65
Loans (a)
Deposits
59
58
50
45
20
4Q10
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
9M13:
Loans
Deposit
(a)
63
3Q13
25% yoy
22% yoy
Includes bank exposures and loans of financial institutions
7
Treasury customer flows
Customer income (S$m)
296
172
2010
Quarterly
Average
219
206
2011
Quarterly
Average
282
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
9M13:
228
3Q13
12% yoy
9M13 customer income as % of total Treasury income at 49%
8
Singapore
Income (S$m)
1,449
1,107
2010
Quarterly
Average
1,276
1,180
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
1,369
1Q13
2Q13
9M13:
1,275
3Q13
9% yoy
Record quarter, excluding Treasury (a)
(a)
Based on internal view
9
Hong Kong
Income (S$m)
474
366
363
2010
Quarterly
Average
2011
Quarterly
Average
524
429
373
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
9M13:
3Q13
26% yoy
10
Other geographies
Income(S$m)
(S$m)
Income
Indonesia
Taiwan
India
China
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
9M13: Combined
3Q13
6% yoy
11
Balance sheet
Loans, deposits and funding (S$b)
Other funding
Other deposits
USD deposits
Different scale
Loans
311
44
41
16
208
11
12
3
12
245
31
16
7
62
(3)
3Q13 change
9M13 change
As at Sep 2013
Loan/deposit ratio stable from previous quarter at 89%
Loans are gross loans. Other funding comprises institutional funding, medium-term notes, commercial papers,
certificates of deposit and other debt securities in issue
12
NPAs
NPAs (S$m)
Income (S$m)
3Q
2013
2Q
2013
3Q
2012
2,966
2,767
2,956
New NPAs
291
242
50
Upgrades, recoveries and
translation
(23)
10
(120)
Write-offs
(180)
(53)
(51)
NPAs at end of period
3,054
2,966
2,835
NPAs at start of period
13
In summary
15 quarters of consistently strong earnings.
Notwithstanding strong headwinds, 4th best quarter ever
Stronger and more resilient franchise; earnings quality
has improved
Portfolio sound, asset quality remains healthy
Continue to execute well to strategy; well placed to
navigate uncertainties ahead
14
Continued franchise resilience
DBS Group Holdings
3Q 2013 financial results
November 1, 2013
Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or
distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.
DBS Group Holdings
3Q 2013 financial results
November 1, 2013
Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or
distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.
Agenda
Franchise Update
Balance Sheet
Asset Quality
2
Record 9M2013 earnings
9M13 income at a high of $6.8b,
11% from a year ago
But third quarter challenging given market uncertainties
T&M business particularly impacted in September
Income (S$m)
2,317
2,156
Total
(a)
1,767
1,908
1,945
2,004
1,959
621
672
666
820
702
2,309
2,150
990
927
744
Non interest
income
687
Net interest
income
1,080
1,206
1,336
1,324
1,332
1,293
1,327
1,382
1,406
2010
Quarterly
Average
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
3Q13
9M13 net profit of $2.7b
Record high
(a)
at record
Excludes one-time items
3
Treasury related revenues
Treasury income (S$m)
206
189
171
Customer
Sales
178
99
94
78
77
104
72
Trading
108
95
93
100
32
1Q13
Monthly
Average
2Q13
Monthly
Average
Jul
Aug
Sep
July and August held up; September more challenging
due to market uncertainties
4
SME
Income (S$m)
337
348
341
2Q13
3Q13
301
260
2010
Quarterly
Average
273
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
1Q13
9M13:
(a)
8% yoy
(a)
Up 14% on comparable basis that excludes the impact of customer up-tiering
5
Wealth
Record
High
Income (S$m)
201
127
2010
Quarterly
Average
230
229
227
1Q13
2Q13
3Q13
155
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
9M13:
14% yoy
Total earning assets (S$b)
91
4Q10
114
103
4Q11
1Q12
2Q12
3Q12
4Q12
122
122
127
1Q13
2Q13
3Q13
9M13:
12% yoy
Comprising Treasures, Treasures Private Client and Private Bank
6
GTS
Income (S$m)
343
351
355
1Q13
2Q13
3Q13
342
262
176
Cash
Trade
2010
Quarterly
Average
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
9M13: flat yoy
Deposit and loan growth (S$b)
114
109
95
94
81
65
Loans (a)
Deposits
59
58
50
45
20
4Q10
4Q11
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
9M13:
Loans
Deposit
(a)
63
3Q13
25% yoy
22% yoy
Includes bank exposures and loans of financial institutions
7
Treasury customer flows
Customer income (S$m)
296
172
2010
Quarterly
Average
219
206
2011
Quarterly
Average
282
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
9M13:
228
3Q13
12% yoy
9M13 customer income as % of total Treasury income at 49%
8
Singapore
Income (S$m)
1,449
1,107
2010
Quarterly
Average
1,276
1,180
2011
Quarterly
Average
1Q12
2Q12
3Q12
4Q12
1,369
1Q13
2Q13
9M13:
1,275
3Q13
9% yoy
Record quarter, excluding Treasury (a)
(a)
Based on internal view
9
Hong Kong
Income (S$m)
474
366
363
2010
Quarterly
Average
2011
Quarterly
Average
524
429
373
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
9M13:
3Q13
26% yoy
10
Other geographies
Income(S$m)
(S$m)
Income
Indonesia
Taiwan
India
China
1Q12
2Q12
3Q12
4Q12
1Q13
2Q13
9M13: Combined
3Q13
6% yoy
11
Balance sheet
Loans, deposits and funding (S$b)
Other funding
Other deposits
USD deposits
Different scale
Loans
311
44
41
16
208
11
12
3
12
245
31
16
7
62
(3)
3Q13 change
9M13 change
As at Sep 2013
Loan/deposit ratio stable from previous quarter at 89%
Loans are gross loans. Other funding comprises institutional funding, medium-term notes, commercial papers,
certificates of deposit and other debt securities in issue
12
NPAs
NPAs (S$m)
Income (S$m)
3Q
2013
2Q
2013
3Q
2012
2,966
2,767
2,956
New NPAs
291
242
50
Upgrades, recoveries and
translation
(23)
10
(120)
Write-offs
(180)
(53)
(51)
NPAs at end of period
3,054
2,966
2,835
NPAs at start of period
13
In summary
15 quarters of consistently strong earnings.
Notwithstanding strong headwinds, 4th best quarter ever
Stronger and more resilient franchise; earnings quality
has improved
Portfolio sound, asset quality remains healthy
Continue to execute well to strategy; well placed to
navigate uncertainties ahead
14
Continued franchise resilience
DBS Group Holdings
3Q 2013 financial results
November 1, 2013
Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or
distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.