1Q14 presentation slides strategy
Powering ahead
DBS Group Holdings
1Q 2014 financial results
April 30, 2014
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
1
Strong momentum in key businesses
2
Business momentum, NIM, Asset quality
2
SME
Income (S$m)
Record
High
2013 Quarterly Average
231
337
342
375
348
341
344
2Q13
3Q13
4Q13
11% yoy
9% qoq
307
260
273
2010
Quarterly
Average
2011
Quarterly
Average
2012
Quarterly
Average
1Q13
1Q14
Income from large corporate banking also at record
3
Wealth
Income (S$m)
Record
High
2013 Quarterly Average
231
231
239
230
229
227
1Q13
2Q13
3Q13
4Q13
122
122
127
134
260
13% yoy
9% qoq
197
155
127
Total
Earning
Assets
(S$b)
2010
Quarterly
Average
2011
Quarterly
Average
91
103
2012
Quarterly
Average
116
1Q14
139
13% yoy
Comprising Treasures, Treasures Private Client and Private Bank
Total earning assets at end of period
4
Global transaction services
2013 Quarterly Average
Income (S$m)
371
396
352
356
364
369
394
11% yoy
flat qoq
270
185
Cash/
SFS
Trade
2010
Quarterly
Average
2011
Quarterly
Average
2012
Quarterly
Average
1Q13
2Q13
3Q13
4Q13
1Q14
Assets (S$b) (a)
20
45
52
58
59
63
63
63
9% yoy
Deposits (S$b)
65
82
95
95
109
115
119
130
36% yoy
Assets and deposits at end of period
(a) Trade assets; includes bank exposures and loans of financial institutions
5
Treasury customer income
Income (S$m)
Record
High
2013 Quarterly Average
231
296
259
355
20% yoy
54% qoq
282
217
228
231
3Q13
4Q13
206
172
2010
Quarterly
Average
2011
Quarterly
Average
2012
Quarterly
Average
1Q13
2Q13
1Q14
1Q14 customer income as % of total Treasury income at 56%
6
Agenda
1
Strong momentum in key businesses
2
Business momentum, NIM, Asset quality
7
Business momentum
Loans and deposits on track
Deal pipeline is full
T&M sales slowing somewhat
8
Strong momentum in M&A / RMB fixed income
Deals
Asia (ex-Japan) 1Q2014
Financial Advisor
Deal Value (US$b)
16.5 (9 deals)
1 DBS
Ranked 1st by Deal Value
for M&A announced in
1Q2014 for Asia ex Japan
2
3
4
5
Morgan Stanley
Lazard
Citi
Goldman Sachs
15
11.7
11.5
11.2
(11)
(8)
(13)
(11)
SouthEast Asia 1Q2014
Financial Advisor Deal Value (US$b)
1 DBS
9.9 (7 deals)
Ranked 1st by Deal Value
for M&A announced in
1Q2014 for SouthEast Asia
2
3
4
5
Goldman Sachs
HSBC
BofA ML
Credit Suisse
7.5
5.8
5.7
3.2
(5)
(2)
(1)
(3)
Temasek’s Offer for Olam
JobStreet’s sale of online job board business to
SEEK Australia
Perennial Real Estate Holdings’ reverse merger into
St James Holdings
Fragrance Group’s demerger of Global Premium
Hotels
Glencore’s delisting offer for Chemoil
Hutchison’s sale of 25% equity stake in AS Watson
to Temasek
DBS: BPI, HwangDBS and SocGen private banking
assets in Asia
Offshore RMB Bonds (incl. FIG CDs) 1Q2014
Underwriter
Amount (RMB b) Market Share (%)
Ranked 4th in Offshore
RMB league table
1 HSBC
2 SCB
3 Credit Agricole
41.3 (101 issues)
32.2 (89)
17.3 (40)
23.7
18.5
9.9
4 DBS
14.8 (37)
FY2013
8.6 (22)
8.5
10 DBS
Deals
China Eastern Airlines’ 3 year RMB 2.5b
bonds
Peking University Founder Group’s 3
year RMB 2b bonds
Bank of China Singapore’s 2 year RMB
2b and 5 year RMB 1b bonds
ICBC Singapore’s 2 year RMB 2b bonds
3.2
9
Net interest margin
1.70
1.66
NIM (%)
1.64
1.65
1.62
1.60
1.61
1.60
1.55
Net interest
income (S$m)
1,327
1,382
1,406
1,454
1,488
1.50
1.45
1.40
1Q13
2Q13
3Q13
4Q13
1Q14
10
Asset quality
China
India
11
Powering ahead
DBS Group Holdings
1Q 2014 financial results
April 30, 2014
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
1Q 2014 financial results
April 30, 2014
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
1
Strong momentum in key businesses
2
Business momentum, NIM, Asset quality
2
SME
Income (S$m)
Record
High
2013 Quarterly Average
231
337
342
375
348
341
344
2Q13
3Q13
4Q13
11% yoy
9% qoq
307
260
273
2010
Quarterly
Average
2011
Quarterly
Average
2012
Quarterly
Average
1Q13
1Q14
Income from large corporate banking also at record
3
Wealth
Income (S$m)
Record
High
2013 Quarterly Average
231
231
239
230
229
227
1Q13
2Q13
3Q13
4Q13
122
122
127
134
260
13% yoy
9% qoq
197
155
127
Total
Earning
Assets
(S$b)
2010
Quarterly
Average
2011
Quarterly
Average
91
103
2012
Quarterly
Average
116
1Q14
139
13% yoy
Comprising Treasures, Treasures Private Client and Private Bank
Total earning assets at end of period
4
Global transaction services
2013 Quarterly Average
Income (S$m)
371
396
352
356
364
369
394
11% yoy
flat qoq
270
185
Cash/
SFS
Trade
2010
Quarterly
Average
2011
Quarterly
Average
2012
Quarterly
Average
1Q13
2Q13
3Q13
4Q13
1Q14
Assets (S$b) (a)
20
45
52
58
59
63
63
63
9% yoy
Deposits (S$b)
65
82
95
95
109
115
119
130
36% yoy
Assets and deposits at end of period
(a) Trade assets; includes bank exposures and loans of financial institutions
5
Treasury customer income
Income (S$m)
Record
High
2013 Quarterly Average
231
296
259
355
20% yoy
54% qoq
282
217
228
231
3Q13
4Q13
206
172
2010
Quarterly
Average
2011
Quarterly
Average
2012
Quarterly
Average
1Q13
2Q13
1Q14
1Q14 customer income as % of total Treasury income at 56%
6
Agenda
1
Strong momentum in key businesses
2
Business momentum, NIM, Asset quality
7
Business momentum
Loans and deposits on track
Deal pipeline is full
T&M sales slowing somewhat
8
Strong momentum in M&A / RMB fixed income
Deals
Asia (ex-Japan) 1Q2014
Financial Advisor
Deal Value (US$b)
16.5 (9 deals)
1 DBS
Ranked 1st by Deal Value
for M&A announced in
1Q2014 for Asia ex Japan
2
3
4
5
Morgan Stanley
Lazard
Citi
Goldman Sachs
15
11.7
11.5
11.2
(11)
(8)
(13)
(11)
SouthEast Asia 1Q2014
Financial Advisor Deal Value (US$b)
1 DBS
9.9 (7 deals)
Ranked 1st by Deal Value
for M&A announced in
1Q2014 for SouthEast Asia
2
3
4
5
Goldman Sachs
HSBC
BofA ML
Credit Suisse
7.5
5.8
5.7
3.2
(5)
(2)
(1)
(3)
Temasek’s Offer for Olam
JobStreet’s sale of online job board business to
SEEK Australia
Perennial Real Estate Holdings’ reverse merger into
St James Holdings
Fragrance Group’s demerger of Global Premium
Hotels
Glencore’s delisting offer for Chemoil
Hutchison’s sale of 25% equity stake in AS Watson
to Temasek
DBS: BPI, HwangDBS and SocGen private banking
assets in Asia
Offshore RMB Bonds (incl. FIG CDs) 1Q2014
Underwriter
Amount (RMB b) Market Share (%)
Ranked 4th in Offshore
RMB league table
1 HSBC
2 SCB
3 Credit Agricole
41.3 (101 issues)
32.2 (89)
17.3 (40)
23.7
18.5
9.9
4 DBS
14.8 (37)
FY2013
8.6 (22)
8.5
10 DBS
Deals
China Eastern Airlines’ 3 year RMB 2.5b
bonds
Peking University Founder Group’s 3
year RMB 2b bonds
Bank of China Singapore’s 2 year RMB
2b and 5 year RMB 1b bonds
ICBC Singapore’s 2 year RMB 2b bonds
3.2
9
Net interest margin
1.70
1.66
NIM (%)
1.64
1.65
1.62
1.60
1.61
1.60
1.55
Net interest
income (S$m)
1,327
1,382
1,406
1,454
1,488
1.50
1.45
1.40
1Q13
2Q13
3Q13
4Q13
1Q14
10
Asset quality
China
India
11
Powering ahead
DBS Group Holdings
1Q 2014 financial results
April 30, 2014
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.