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AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011
AMMB Holdings Berhad
AmBank Group Results
Investors Presentation
H1FY2011 Results Update12 November 2010
Cheah Tek KuangGroup Managing Director
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 1(Conventional + Islamic)
AmBank Group History:
• 30+ years of banking franchise
• Top 20 Bursa Saham listing, ranked 176 on globalbanking index
• 3 consecutive years of record performance (FY08-FY10)
• H1FY2011 up 40.7%
FY2011 Performance:
• PATMI growth expectations 25% - 30%
• Staying focused on profitable growth, diversificationand sustainability
Beyond FY2011:
• 2011 national economy expected at a slower pace, GDPcirca 6%
• Well positioned for growth, will continue leveraging onANZ to differentiate
H1FY2011 Highlights
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 2(Conventional + Islamic)
Contents
H1FY2011 Group Financial Performance
Strategy & Outlook
Divisional Performance
Supplementary Information
Executive Summary
Based on half-year limited review 30 September 2010 (H1 FY2011) financial results of banking subsidiaries
→ Economic Update
→ Corporate Information
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 3(Conventional + Islamic)
Maintaining earnings growth momentumP
erf
orm
an
ce
Profit after Tax & MI (PATMI)
ROE
Ris
k, C
apit
al &
Fu
nd
ing
Pro
file
RWCA
Tier 1
Gross Impaired Loans
Gro
wth
Net Lending / Financing
Customer Deposits 1
CASA
LD Ratio 1
EPS(basic, annualised)
92.6%
10.1%
15.7%
N/A
7,611 mil
65,302 mil
60,437 mil
35.5 sen
12.0%
498.4 mil
H1FY10
91.3%
10.0%
16.0%
3.6%
8,777 mil
72,946 mil
66,590 mil
46.7 sen
14.4%
701.2 mil
H1FY11
1.3%
0.1%
0.3%
N/A
15.3%
11.7%
10.2%
31.4%
2.4%
40.7%
Change
ROA 1.13% 1.48% 0.35%
Note 1 : Includes Senior Notes RM3.39 bil & credit-linked notes RM0.17bil issued
FY09 FY10
88.8%
9.7%
15.2%
N/A
6,755 mil
64,132 mil
56,948 mil
31.6 sen
11.7%
860.8 mil
91.7%
10.3%
15.8%
3.8%
8,372 mil
70,294 mil
64,426 mil
34.7 sen
11.5%
1,008.6 mil
1.04% 1.13%
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 4(Conventional + Islamic)
Staying focused on profitable growth, diversification and sustainability
Staying Ahead
Strong H1 results
Higher revenues and lower
allowances
Good loans & CASA growth
FRS139 adopted under BNM transition
arrangements since April 2010
Implemented customer segmentation
and focus across all divisions
Well diversified Divisional contributions
Sound and consistent contributions from Retail, Business, and Corporate & Institutional Banking Divisions
Diversified portfolios yielding higher profits in Life Assurance, General Insurance and Markets
Good Investment Banking pipeline
Improved risk and financial disciplines
Proactive risk management
Balance sheet positioned for rising interest rates
Implemented new FTP* and FRS disciplines
Enhancing ALM disciplines and preparing for Basel III
FY 2011 Priorities
FY2011 : Profitable growth, diversification & rebalancing Faster non-interest income & CASA growth Taking opportunities in growth plans
MTA : Malaysia’s Preferred Banking Group with International Connectivity Customer satisfaction Sound financial performancesWell diversified and sustainable growth
* FTP = funds transfer pricing
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 5(Conventional + Islamic) Note 1 : In-house economic research
Opportunity
• Malaysian economic recovery (GDP CY 2010e : 8.0%1,CY 2011e : 6%)
• 2011 looking positive but not immune to possibleglobal shocks
• Supportive monetary policies, continued trade surplus• Positive regional recoveries, Economic Transformation
Programme, New Economic Model & 10th MalaysiaPlan to mitigate global risk
• System lending growth may moderate in CY 2011• With interest rate frontloaded in early 2010, no OPR
hike expected in the next 3 to 6 months• Higher common equity & stable funding requirements
under Basel III, but with longer transition period
• Execute to strategic themes and strengthen marketpositions
• Leverage opportunities available in domestic economygrowth plans
• Better positioned for rising interest rates• Basel III could slow down achievement of ROE targets• Leverage ANZ’s international connectivity
2Industry :Emerging
Opportunities & Challenges
1Malaysia :
Stable Outlook
3AHB :
Leveraging Tailwinds
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011
AMMB Holdings Berhad
AmBank Group Results
Investors Presentation
H1FY2011 Results Update12 November 2010
Ashok RamamurthyDeputy Group Managing Director &
Group Chief Financial Officer
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 7(Conventional + Islamic)
Contents
Executive Summary
Strategy & Outlook
Divisional Performance
H1FY2011 Group Financial Performance
Supplementary Information→ Economic Update
→ Corporate Information
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 8(Conventional + Islamic)
Strong and consistent financial performance for H1FY2011
Business Performance
Income :
Good growth from most Divisions, H1FY11 run-rate better than FY2010 full year
Higher investment & trading income in H1FY2010 due to a one-time gain on disposal of an underwritten bond issuance
Non interest income composition
Expenses :
Salary & staffing increases, CPI & ongoing medium term investments; within CTI targets
Impairments / Allowances :
Lower individual & collective impairments (combined)
Includes PER, impairment losses & allowances for commitments & contingencies
Islamic banking contributed 18.6% to Group’s PAT
H1FY10 results Favourable growth in H1FY11 Unfavourable growth in H1FY11
Fee57%Trading
26%
Insurance
16%
Others1%
RM'mil H1FY10 H1FY11
Net interest income 1,178.7 1,365.4 +15.8%
Fee and commission 306.7 349.8 +14.1%
Investment and trading 187.3 162.4 -13.3%
Insurance business 53.8 95.4 +77.3%
Others 7.4 7.6 +2.7%
Total Income 1,733.9 1,980.6 +14.2%
Expenses 693.8 765.7 +10.4%
PBP 1,040.1 1,214.8 +16.8%
Impairments / Allowances 349.0 233.4 -33.1%
PBT 691.1 981.4 +42.0%
PAT 513.0 726.3 +41.6%
PATMI 498.4 701.2 +40.7%
H1FY11 vs H1FY10
GG
G
GG
G
GG
G
G
G
G
G
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 9(Conventional + Islamic)
Well diversified and higher earnings contribution across the Group
Business Performance
Retail Banking - profit growth via focus on viable segments
Business Banking - well-balanced profits with income growth and lower allowances
Investment banking – good pipeline, slower start in Q1FY11 but picked up in Q2
CIB – higher incomes from lending and international businesses
Life Assurance and General Insurance -higher incomes from larger fund base and better efficiencies
Note 1 : Life Assurance surplus is transferred into life policy shareholders’ fund in overall Group accounts
PATMI (by division)
H1FY10 results Favourable growth in H1FY11 Unfavourable growth in H1FY11
9%
Retail, 44%
Business,17%
CIB, 14%
Investment, 9%
Life, 6%
General, 4%
Markets,17%
Operating-10%
PATMI contribution %
RM'mil H1FY10 H1FY11
Retail Banking 262.9 309.5 +17.7%
Business Banking 74.5 117.7 +58.0%
Corporate & Institutional
Banking (CIB) 67.8 101.6 +49.9%
Investment Banking 78.7 60.5 -23.1%
Assurance 32.1 66.6 +>100%
Life Assurance 8.2 39.9 +>100%
General Insurance 23.9 26.7 +11.7%
Markets 63.2 118.5 +87.5%
Operating Segments (80.8) (73.2) +9.4%
H1FY11 vs H1FY10
GG
G
GGGGGGG
G
G
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 10(Conventional + Islamic)
3.63% 3.66%
3.44%
2.68%
2.89%
2.47%
2.83%3.04%
2.98% 3.00%
FY07 FY08 FY09 FY10 H1FY11
NIM and Cost of Funds
Cost of funds NIM
511.2
6.6 121.3
638.2 618.2
298.5
123.7
1,058.5
349.8
162.4 95.4
615.2
Fee income Trading & Investment income
Insurance business Total non-interest income
Non-Interest Income, RM'mil
FY09 FY10 H1FY11
Short-term NIM* benefit and improving efficiency
Business Performance
* Higher NIM (FY10 NIM = 2.98% ) :
Benefit from interest in suspense being disclosed
under impairments as per FRS139 requirements
Immediate benefit from BLR increase
Lagged impact of term deposit increase on cost of
funds
Expect NIM to be lower over remaining FY2011
• Lower CTI mainly due to higher income
• Non-interest income / total income decreased
compared to prior corresponding period due to one
time disposal of an underwritten bond issuance, but
higher than FY10 of 29.6%
H1FY10 results Favourable growth in H1FY11 Unfavourable growth in H1FY11
Note :1 Net Interest Margin includes Net Financing Income from Islamic Banking business : H1FY10 and H1FY11 – 0.72%2 CTI and CTA excluding assurance3 Non-interest income includes net income from insurance business4 NIM FY07-FY10 as per reported in previous investors’ presentations5 COF FY07-FY08 based on data as disclosed in annual reports, FY09-H1FY11 based on internal data computation
% non-interest income / total incomeFY09 : 21.8% FY10 : 29.6% H1FY11 : 31.1%
H1FY10 H1FY11
Net Interest Margin
(NIM & NFR composite) 2.82% 3.00% +0.18%
Cost-Income
(CTI) 40.0% 38.7% -1.3%
Cost-Asset
(CTA) 1.53% 1.56% +0.03%
Profit before Tax (PBT)
/ Employee (RM'mil) 0.14 0.19 37.8%
Non-interest income /
Total Income 32.0% 31.1% -1.0%
H1FY11 vs H1FY10
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 11(Conventional + Islamic)
37.1
49.557.4 61.9 64.2
5.3
6.3
6.88.4
8.8
FY07 FY08 FY09 FY10 H1FY11
RM'bil
Customer Deposits
CASA All other deposits
Balancing loans and customer deposits growth
Business Performance
Loans growth targeting
viable segments
Improving funding
profiles
LD ratio within
acceptable levels
Note :1 Customer Deposits : includes RM3.39 bil Senior Notes & RM0.17bil credit-linked notes2 CASA : current accounts & savings accounts 3 CASA proportion : as composition of Deposits from Customers4 LD : net loans / customer deposits5 Customer Deposits’ tagging classification was revised in FY09 with FY08 restated
H1FY10 results Favourable growth in H1FY11 Unfavourable growth in H1FY11
RM'mil H1FY10 H1FY11
Balance Sheet - Lending / Financing
Gross Loans / Financing 62,834.8 70,136.3 +11.6%
Net Loans / Financing 60,437.3 66,589.8 +10.2%
Balance Sheet - Deposits
Customer Deposits 65,302.1 72,946.0 +11.7%
CASA Deposits 7,611.3 8,777.1 +15.3%
CASA Proportion 11.7% 12.6% +1.0%
LD Ratio 92.6% 91.3% -1.3%
H1FY11 vs H1FY10
G
1
2
3
4
Customer 42.4b 55.8b 64.1b 70.3b 72.9bdeposits 4
53.5 56.9 59.766.6 70.1
FY07 FY08 FY09 FY10 H1FY11
RM'bil
Gross Loans
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 12(Conventional + Islamic)
4.28 5.78
4.60 3.18
2.02 1.50 1.01 -
2.54 2.47 2.56
39.3% 32.2%36.7%
56.6%
67.3%75.1%
99.5% 89.1% 93.7% 95.5%
-60%
-20%
20%
60%
100%
-
5.0
10.0
15.0
FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 Day 1 Q1FY2011 H1FY2011RM'bil
2.24%1.92% 1.73% 3.18%
0.97% 0.60%0.88%
0.56% 0.59%
14.8%
17.4%
12.4%
10.4%
6.3%
4.1%2.8%
3.8% 3.6% 3.6%
10.9%
13.8%
9.6%
6.2%
3.7%2.6%
1.5%
0%
5%
10%
15%
20%
FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 Day 1 Q1FY2011 H1FY2011
Asset quality : Benefitting from differentiated product growth strategies
Asset Quality Indicators
6.06
7.60
6.145.53
3.60
2.431.87
Net NPL Gross NPL Loan loss coverage Gross impaired loans Allowance coverage
FRS 139
FRS139 adopted under BNM transitional arrangements since April 2010
Historical figures under GP3 basis and not comparable
Continue to enhance :
Collections systems
Credit / risk tools
Risk management / NPL management team
Allowance coverageH1FY11 / Day1 change h6.4%
Gross impaired loansH1FY11 / Day1 change h0.8%
FRS 139
Gross impaired loans %H1FY11 / Day1 change i0.2%
Gross impaired loans Loan loss chargeGross NPL ratio Net NPL ratio Net provisions charge
FY2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY2010 Day 1 Q1FY2011 H1FY2011
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 13(Conventional + Islamic)
New gross impaired loans formation, conversions, recoveries and write-offs; Within expectations
Note :
1 FY2004 and FY2005 financials based on gross before IIS
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
GP 3 FRS 139
FY2004 -FY2007 FY2008 FY2009 FY2010 H1FY2011+
0.00%
0.60%
1.20%
1.80%
Q1 Q2 Q3 Q4
% New Gross NPL / Gross Impaired Loans to Gross Loans
0.00%
0.40%
0.80%
1.20%
Q1 Q2 Q3 Q4
% Gross NPL / Impaired Loans Conversion to Gross Loans
0.00%
0.20%
0.40%
0.60%
Q1 Q2 Q3 Q4
% Recoveries to Avg Gross Loans
0.00%
0.50%
1.00%
1.50%
2.00%
Q1 Q2 Q3 Q4
% Write-Offs to Avg Gross Loans
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 14(Conventional + Islamic)
1,866
2,539 2,469 2,559
300
129 244
Gross NPL31 Mar 10 (GP3)
Restructured performing loans unlikely to be repaid
in full
Interest on impaired loans no longer suspended
Impairment recognition at customer level vs account
level for Corporates
Gross Impaired Loans1 Apr 10 (FRS139)
Gross Impaired Loans30 Jun 10
Gross Impaired Loans30 Sep 10
Gross Impaired Loans(RM'mil)
Implementation impact of FRS139
0.8% h in gross impaired loans as at H1FY2011 vs Day 1
0.2% i in gross impaired loans % as at
H1FY2011 vs Day 1
Based on half-year limited review 30 September 2010 (H1 FY2011) financial results of banking subsidiaries
2.8%
3.8%3.6% 3.6%
0.4%0.2%
0.4%
Gross NPL %31 Mar 10 (GP3)
Restructured performing loans unlikely to be repaid
in full
Interest on impaired loans no longer suspended
Impairment recognition at customer level vs account
level for Corporates
Gross Impaired Loans %1 Apr 10 (FRS139)
Gross Impaired Loans %30 Jun 10
Gross Impaired Loans %30 Sep 10
Gross Impaired Loans %
16.2% h in retained earnings as at
H1FY2011 vs Day 1
2,557
3 63
2,389 2,757 2,775
1,804
458 114 6 2,117
14 18 -
31 Mar 10 Collective impairment
Individual impairment
Provision for contingencies
FRS 4 Insurance contracts
Existing GP / SP / IIS
Effective interest rates
Valuation Reclassification Tax 1 Apr 10(Day 1)
30 Jun 10 30 Sep 10
Retained earnings (RM'mil)
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 15(Conventional + Islamic)
2,117
2,262
2,443
Total Total Total
Total SP, GP & IIS vs IP & CP
1,004
1,804
1,961
GP CP CP
GP vs CP
854
259
458 482
SP IIS IP IP
SP & IIS vs IP
Implementation of FRS139 : Balance sheet impairment coverage strengthened
Note : SP = specific provision, GP = general provision, IIS = interest in suspenseCP = collection impairments, IP = individual impairments
Pre-FRS FRS 139 FRS 139- Day 1 - H1FY2011
Pre-FRS FRS 139 FRS 139- Day 1 - H1FY2011
Pre-FRS FRS 139 FRS 139- Day 1 - H1FY2011
As % of Gross Loans1.3% 0.4% 0.7% 0.7% 1.5% 2.7% 2.8% 3.2% 3.4% 3.5%
RM’mil
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 16(Conventional + Islamic)
FY08
RM'bil
Retail
Biz / Corp10.1 7.3
1.3
12.8
11.1
1.5
Business Banking (ex GLR)
Corporate & Institutional
Banking
Others
52.6%
13.8%
26.4%
FY08
RM'bil
Retail
Biz / Corp
24.4
13.4
0.9 1.0 2.0 2.4
24.5
13.8
0.9 0.8
1.9
Auto Financing Mortgage Credit Cards Line of Credit Co-Op Asset Financing
RM'bil Sept '10 Sept'09
2.8%
3.5%
11.8%11.6%
5.7%
0.3%
Business Banking
2.6
Retail : target viable segments in highly competitive environment
Biz & SME growth : stable and preferred growth sectors
CIB : project financing with government support, GLC’s & large MNC’s
Increasing composition of variable rate loans
Increasing composition of Business / Corporate loans
Portfolio rebalancing : Focus on viable segments and diversification
Gross Loan / Financing movement (gross before netting loans sold to Cagamas)
by Interest Rate Type
Loan Composition %35.0% 19.6% 1.3% 1.2% 3.8%2.8% 18.3% 15.9% 2.2%
Retail (64%) Business / Corporate (36%)
by Retail & Business / Corporate
Retail banking loans growth : 1.2%
RM'bil Mar-08 Mar-09 Mar-10 Sep-10
Fixed rate :
Conventional 47% 43% 39% 37%
Islamic 15% 17% 17% 16%
Variable rate :
Conventional 38% 40% 43% 45%
Islamic 0.1% 0.3% 1.6% 2.7%
RM'bil Mar-08 Mar-09 Mar-10 Sep-10
Retail 74% 72% 65% 64%
Biz / Corp & others 26% 28% 35% 36%
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 17(Conventional + Islamic)
10,219
14,976 18,291
15,954 19,273
21,129
14%
17%15%
14%
12% 13%
-10.0%
0.0%
10.0%
-
10,000
20,000
30,000
Market ShareAUM
Asset Under Management Market Share
39,941 92,845 50,044 46,491 41,941
7%8% 8% 8% 8%
-5.0%
0.0%
5.0%
10.0%
-
40,000
80,000
120,000
Market ShareTrading Value
Trading Value Market Share
602 696
811 902
1,019 1,093
438 476 546 586 624
335
-2,000
-1,000
0
-
500
1,000
1,500
Gross PremiumFund Assets
General Fund Assets* Gross Premium
1,165 1,430 1,701 2,035
2,388 2,538
341 383 352 449
583
264
-1200
-400
400
-
2,000
4,000
Gross PremiumFund Assets
Life Fund Assets Gross Premium
Institutional & Unit Trust AUM
p 10%
Good momentum in Assurance and key Investment Banking portfolios
FY06 FY07 FY08 FY09 FY10 H1FY11 FY06 FY07 FY08 FY09 FY10 H1FY11
General Insurance
*Prior to December 2008, based on general funds per BNM DGI returns. December 2008 & post December 2008 based on BNM DGI returns with total asset (general funds + shareholders’ funds)
RM’mil
2006 2007 2008 2009 9MCY2010
Brokerage
Life Assurance
p 6%
p 7%
Unit trust : Institutional funds at ratio 56% : 44%
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 18(Conventional + Islamic)
71%- 9% 5% -
17% 5% -4% -49%
36%
-
51%27%
-
26%
87%
19%
37%
45%
20%
26% 53%
10%
2%
9%
81%
6%
15%
80%
6%
15%
90%
HFT AFS HTM HFT AFS HTM HFT AFS HTM
Composition of Financing Assets / InvestmentsMGS MMS PDS DECS, shares, UT & others
Balancing trading vs investment income
Note : HFT = held for trading, AFS = available for sale, HTM = held to maturity, MGS = Malaysian Government Securities, MMS = money market securities, PDS = private debt securities, DECS = debt equity converted securities, UT = unit trusts
Increase in HFT for H1FY2011 from highly liquid MGS and MMS holding
Portfolio duration shortened in anticipation of rising rates
RM’mil
1,400
6,626
1,164
1,713
9,153
919
4,460
7,303
398
* AFS and HTM balances before accumulated impairment losses
FY2009 FY2010 H1FY2011
1.1%
0.6%1.2%0.3%
4.3% 4.2%
7.0%
5.1%5.0%
1.7% 2.3%
1.7%
FY2009 FY2010 H1FY2011
Financing Assets / Investments as % of Total Assets
MGS MMS PDS DECS, shares, UT & Others
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 19(Conventional + Islamic)
21.5 25.3 23.6 22.5
-3.4 -3.5 -2.5 -3.5
0.8 0.80.1
-0.3
Interest / Profit Rate Risk : > 5 years
10.1 9.5 8.5 10.4
-8.5 -8.4 -10.5 -12.8
-7.3 -7.9-9.8
-10.1-0.4 -0.6
-0.4-0.4
Interest / Profit Rate Risk : Non-Interest Sensitive
10.0 10.8 13.4 13.2
-4.9 -5.1 -7.4 -8.4
-4.0 -2.9
-9.3 -8.8
Interest / Profit Rate Risk : 1 - 5 years
Balance sheet repositioned for rising interest rates, more stable funding
Note : 1 Net mismatch comprises on-balance sheet and off-balance sheet interest rate gap sensitivity2 “Others” by source comprises pension and retirement funds, non-profit organisations and similar - includes
Senior Notes RM3.39 bil & credit-linked notes RM0.17bil
FY2008 FY2009 FY2010 H1FY2011 FY2008 FY2009 FY2010 H1FY2011
RM’bil
Netmismatch : 18.9 22.5 21.2 18.7
Netmismatch : -6.1 -7.4 -12.2 -12.9
Netmismatch : 1.1 2.9 -3.3 -4.0
Mismatch profileNet mismatch > 12 months
FY2008 13.9 bil
FY2009 18.0 bil
FY2010 5.7 bil
H1FY2011 1.8 bil
Assets Liabilities Equity Off balance sheet gap / derivatives
Individual and government funds grew 4.7% in H1FY11
Issued RM2.84 bil Senior Notes (RM7 bilprogram) and RM550 mil Senior Sukuk(RM3 bilprogram)1.9 3.0 1.4 2.6 6.2 [8%]
23.0 23.6 25.5 26.8
27.8 [38%]
12.520.2
26.329.6
26.9[37%]
4.9
9.0
10.9
11.212.0
[17%]
FY07 FY08 FY09 FY10 H1FY11
Adjusted Customer Deposits by Source
Others Individuals Biz enterprises Government
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 20(Conventional + Islamic)
5.8% 7.6% 7.7% 8.1% 7.8%
6.8%8.5% 9.7% 10.3% 10.0%10.1%
14.1%15.2% 15.8% 16.0%
FY2007 FY2008 FY2009 FY2010 H1FY2011RWCA Tier 1 Ratio Common Equity Ratio
(13.3)
28.2 31.6 34.7 46.7
EPS, basicsen/share
-0.17%
1.02% 1.04% 1.13% 1.48%
ROA, %
-5.8%
11.5% 11.7% 11.5% 14.4%
ROE, %
Strong capital position and improving returns
Innovative T1 (AmBank (M) Berhad) :
Approved = RM500 mil
Q1FY10 issuance = RM300 mil
Q2FY10 issuance = RM185 mil
Tier 2 :
Q3FY10 : 7th tranche MTN RM98 mil, total to-date RM1.56 bil
Capital management plan :
1. Optimise capital profile & buffer
2. Increase scenario modeling
3. Streamline corporate structures
4. Develop dynamic dividend policy
5. Proactively manage Basel III requirements
FY07 FY08 FY09 FY10 H1FY11 FY07 FY08 FY09 FY10 H1FY11 FY07 FY08 FY09 FY10 H1FY11
H1FY11 / FY10 change h2.9%FY10 / FY09 change i0.2%
H1FY11 / FY10 change h0.35%FY10 / FY09 change h0.09%
H1FY11 / FY10 change h34.5%FY10 / FY09 change h9.8%
Improved ROE, ROA and EPS in H1FY11
Capital adequacy : AHB
Tier 1 RWCA
AmBank (M) Berhad 9.8% 14.9%
AmInvestment Bank Berhad 31.0% 32.9%
AmIslamic Bank Berhad 9.8% 14.7%
Capital adequacy : by legal entity, H1FY2011 (after proposed dividends)
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 21(Conventional + Islamic)
Contents
Executive Summary
H1FY2011 Group Financial Performance
Divisional Performance
Strategy & Outlook
Supplementary Information→ Economic Update
→ Corporate Information
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 22(Conventional + Islamic)
*Conventional + Islamic
Medium Term Aspirations FY2011-2015
Develop a liability-led business, grow assets in targeted segments and expand wealth management
Grow diversified & profitable assets, increase liabilities, fee base business & international trade finance leveraging on ANZ
Deliver innovative and quality solutions, increase ‘share of wallet’, target high-impact and high-value clients and leverage ANZ for x-border businesses
Deliver comprehensive solutions, lead in capital markets, funds management, stock broking and enhance domestic & overseas distribution via ANZ
Leverage Friends Provident to deliver premium product & customer propositions & improve efficiencies
Leverage Insurance Australia Group to become a scale specialist in motor and niche specialist in commercial and non-motor lines
Deliver substantive, integrated and client-led business with full suite of FX, Rates, Commodities and FI offerings with ANZ collaborations
Divisional Aspirations
To become Malaysia’s Preferred Banking Group with International Connectivity• customer satisfaction
• sound financial performances
• well diversified and sustainable growth
As measured by
Retail *
Business *
Corporate & Institutional *
Investment *
Life Assurance
General Insurance
Markets *
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 23(Conventional + Islamic)
Increasing profit momentum for FY 2011
Retail Banking *
Business Banking *
Corp & Institutional
Banking *
Investment Banking *
Markets *
Life Assurance
General Insurance
Good CASA & deposit growth, profitable asset growth & lower credit costs Invest for medium term outcomes Strong profit growth benefiting from lower impairments for FY 2011
Income growth from larger asset base & growth in non-interest incomes Proactively managing existing accounts for cross-sell & transactional deposits Strong profit growth underpinned by well diversified incomes for FY 2011
Income growth from larger asset base & fees Increased focus on cross-selling & growing deposits Strong profit growth underpinned by incomes for FY 2011
Leverage upturn in capital markets Increasing regional biz via closer collaboration with ANZ Sound profit result for FY 2011
New products, improve new biz IRR & leverage strategic partnership with Friends Provident Strong growth in profits transferred to Shareholders for FY 2011
Higher contribution from new products, increase share of wallet from retail & biz customers Possible synergistic benefits from MAA acquisition Reasonable profit growth for FY 2011
Momentum from FX & Derivatives set to increase Strong profit growth for FY 2011
*Conventional + Islamic
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 24(Conventional + Islamic)
Key Strategic Thrusts for FY2011
Strategic business transformation
Growth initiatives
Governance and Enablement Functions
• Complete structural realignment to improve target segment focus• Develop customer centric retail business model - part of AmHorizon• Implement account plans for business customers and increase SOW• Expand product offerings and build new capabilities in Markets Division
(eg FX Cash)• Conclude MAA acquisition, integrate and harvest synergies
• Commence leveraging ANZ international connectivity – agree business principles and priorities
• Develop new wealth management strategy and commence execution• Enhance international trade and cash management business• Develop new family Takaful business with FP
• Implement new retail and non retail PD/ LGD models, Security Indicators, Collateral Management, and Market risk systems (VIPER)
• Implement Basel III, capital allocations and new ALM system• Consolidate Operations into a new Centre of Excellence• Finalize vendor and commence core banking system replacement
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 25(Conventional + Islamic)
PATMI ~
ROE
CTI
Net NPL ratio /Gross impaired loans
Dividend:Gross
Payout
Medium Term Aspirations and estimates
# Previous guidance : >20%
* Adjusted for possible Basel III impacts on ACE^ Previously 12-15% sustainable profit growth
*
~ PATMI = profit after tax and minority interests
FY07 FY 08 FY 09 FY 10 H1FY 11 FY 2011 EstimateMedium Term
Aspirations (MTA)2012 - 2016
- RM282.5 mil
RM668.5
mil
RM860.8mil
RM1,008.6
mil
RM701.2
mil
25 - 30%
#
14 – 18%
CAGR ^
- 5.8% 11.5% 11.7% 11.5% 14.4% 12.5 - 13% *FY13 onwards :
15 – 18% *
37.1% 39.6% 43.3% 42.0% 38.7% circa 40% 40 - 42%
6.2% 3.7% 2.6% 1.5% / 3.8% 3.6% circa 3.6% circa 2.5%
5.0 sen / share
(loss year)
6.0 sen / share
18.3%
8.0 sen / share
19.0%
10.5 sen / share
28.1%
interim
6.0 sen / share
25.8%
35 – 40% *
payout
≥ 40% *
payout
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 26(Conventional + Islamic)
Summary
1. Good HY2011 performance, portfoliodiversification on track for FY2011
2. Growth momentum expected to moderate inFY2012 due to uncertain global outlook
3. Strong foundations and clear medium termstrategies
4. International connectivity with ANZ and accessto world class “IP” and resources
5. Disciplined execution and governance requiredfor sustainable performance
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 27(Conventional + Islamic)
Executive Summary
H1FY2011 Group Financial Performance
Strategy & Outlook
Divisional Performance
Supplementary Information→ Economic Update
→ Corporate Information
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 28(Conventional + Islamic)
PATPBPExpensesIncome
Retail Banking Division : Improved asset quality main contributor to higher profits
Income performance – focusing on profitable segments and pricing for risk
Irrational pricing in the market
Expenses - growing footprints and upgrade in risk tools, people cost and IT systems
Lower impairments driving higher profits
H1FY2010 loans and deposits adjusted for segment realignment
Better than system CASA growth (7.7%)
Develop a liability-led business, grow assets in targeted segments and expand wealth management
Composition to Group 46.9% 47.1% 46.7% 42.6%
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
RM'mil H1FY10 H1FY11
Income 912.2 928.2 +1.8%
Expenses 339.3 360.8 +6.3%
PBP 572.9 567.4 -1.0%
Impairments / Allowances 221.3 154.7 -30.1%
PBT 351.6 412.7 +17.4%
PAT 262.9 309.5 +17.7%
Gross Loans / Financing 44,090.0 44,634.1 +1.2%
Net Loans / Financing 42,577.0 43,409.1 +2.0%
Gross Impaired Loans - 1,386.3 -
Customer Deposits 30,270.3 32,955.2 +8.9%
CASA Deposits 6,203.4 7,059.5 +13.8%
ROA 1.22% 1.40% +0.18%
CTI 37.2% 38.9% +1.7%
Allowance Coverage - 88.4% -
Product Holding Ratio 1.44 1.45 +1.0%
H1FY11 vs H1FY10
G
3.03 %
G
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 29(Conventional + Islamic)
PATPBPExpensesIncome
Business Banking Division : Good income and targeted loans growth
Income growth - lending to stable sectors, trade and transactional
Cost increase - expansion in relationship team
H1FY2010 loans and deposits adjusted for segment realignment
Strong CASA growth, leveraging on better relationship building and new products
Grow diversified & profitable assets, increase liabilities, fee base business & international trade finance leveraging on ANZ
Composition to Group11.8% 6.0% 15.4% 16.2%
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
H1FY11 RM'mil H1FY10 H1FY11 H1FY10
Income 175.3 233.1 +33.0%
Expenses 42.2 46.3 +9.7%
PBP 133.1 186.8 +40.3%
Impairments / Allowances 33.8 30.0 -11.2%
PBT 99.3 156.8 +57.9%
PAT 74.5 117.7 +58.0%
Gross Loans / Financing 10,119.4 12,790.8 +26.4%
Net Loans / Financing 9,892.3 12,633.1 +27.7%
Gross Impaired Loans - 145.8 -
Customer Deposits 3,550.5 4,285.7 +20.7%
CASA Deposits 1,087.3 1,550.8 +42.6%
ROA 1.56% 1.97% +0.41%
CTI 24.1% 19.9% -4.2%
Allowance Coverage - 108.2% -
Term Loan & Revolving Credit 6,641.6 7,664.1 +15.4%
Trade Finance 5,781.7 5,639.9 -2.5%
1.14%
G
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 30(Conventional + Islamic)
PATPBPExpensesIncome
Corporate & Institutional Banking Division : Good income growth and lower impairments
Diversified loans portfolio - good support for income growth
Impairments benefitted from bad debts recovered
H1FY2010 loans adjusted for segment realignment
Note : 1 Singapore Stock Exchange2 Jakarta Stock Exchange3 AmFraser International Pte Ltd4 PT AmCapital Indonesia
* Services include : large corporate lending, large corporate deposits, financial institutions group, offshore banking, international business, private equity, REITs and loan syndication
Deliver innovative and quality solutions, increase ‘share of wallet’, target high-impact and high-value clients and leverage ANZ for x-border businesses
Composition to Group9.3% 6.2% 11.3% 14.0%
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
RM'mil H1FY10 H1FY11
Income 138.8 185.1 +33.4%
Expenses 38.5 47.4 +23.1%
PBP 100.4 137.7 +37.2%
Impairments / Allowances 11.9 5.0 -58.0%
PBT 88.5 132.7 +49.9%
PAT 67.8 101.6 +49.9%
CTI 27.7% 25.6% -2.1%
Net Loans / Financing 7,171.0 11,025.8 +53.8%
Ave Assets Management 990.5 1,009.8 +1.9%
Ave Volume / Contract Traded (RM'mil/month)
S'pore SE 170,040.0 153,582.7 -9.7%
Jakarta SE 66,671.4 66,380.6 -0.4%
AmFIPL 2,082.0 1,677.0 -19.5%
PTAMCI 582.7 516.8 -11.3%
Market Share as at:
AmFIPL 1.3% 1.1% -0.2%
PTAMCI 0.9% 0.8% -0.1%
H1FY11 vs H1FY10
G
G
G
G
G
1
2
3
4
G
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 31(Conventional + Islamic)
Income Expenses PBP PAT
Investment Banking Division : Subdued debt market, but good pipeline
Higher income in H1FY10 partly due to a one-time gain on disposal of a bond holding
Good contributions from asset management and brokerage
Note :1 Including AmInvestment Management, AmInvestment
Services, private banking & AmARA
Deliver comprehensive solutions, lead in capital markets, funds management, stock broking and enhance domestic & overseas distribution via ANZ
Composition to Group8.7% 11.9% 6.7% 8.3%
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
RM'mil H1FY10 H1FY11
Income 181.1 173.1 -4.4%
Expenses 75.1 91.4 +21.7%
PBP 106.0 81.7 -22.9%
Impairments / Allowances 0.6 0.9 +50.0%
PBT 105.4 80.8 -23.3%
PAT 78.7 60.5 -23.1%
CTI 41.5% 52.8% +11.2%
Ave Assets Management 19,193.4 23,955.1 +24.8%
Ave Volume / Contract Traded (RM'mil/month)
Bursa M'sia 57,604.8 60,641.7 +5.3%
Future KL index 378.8 352.5 -7.0%
IB Broking 4,508.2 4,906.8 +8.8%
AmFuture 75.2 76.2 +1.3%
Market Share as at:
IB Broking 7.8% 8.1% +0.3%
AmFuture 20.3% 21.7% +1.4%
H1FY11 vs H1FY10
G
G
G
G
1
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 32(Conventional + Islamic)
PATIncome
Life Assurance : Stronger contribution to Shareholders, sound capital adequacy
Higher income - larger fund assets, from enhanced agency network, product bundling and cross selling
Increase in CAR due to reduction in total capital requirement from MGS curve movement (reducing interest rate risk and liability capital charges)
Decline in gross written premium from lower margin single premium businesses
Change in definition of ROE computation where H1FY11 is based on higher total value of new business of each product
Leverage Friends Provident to deliver premium product & customer propositions & improve efficiencies
Composition to Group2.3% 5.5%
* Life assurance shareholder’s fund accounts
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
RM'mil H1FY10 H1FY11
Net Income 12.7 46.1 +>100.0%
PAT 8.2 39.9 +>100.0%
Life Assurance
fund assets 2,333.1 2,538.1 +8.8%
CAR ratio 179.9% 221.2% +41.3%
Gross written
premium 319.8 263.6 -17.6%
ROE 145.6% 85.4% -41.3%
H1FY11 vs
H1FY10
G
G
G
G
G
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 33(Conventional + Islamic)
Income Expenses PBP PAT
General Insurance : Higher income and improved efficiencies
Higher income - larger gross written premium, from enhanced up- and cross-selling, and established distribution network
Higher tax impact in H1FY2011 due to late audit adjustment in respect of FY2010, for transfer of deferred tax assets to life assurance
Leverage Insurance Australia Group to become a scale specialist in motor and niche specialist in commercial and non-motor lines
Composition to Group4.2% 5.4% 3.4% 3.7%
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
RM'mil H1FY10 H1FY11
Income 62.7 82.5 +31.6%
Expenses 37.4 41.2 +10.2%
PBP 25.3 41.4 +63.6%
Impairments / Allowances (0.4) 0.7 +>100.0%
PBT 25.7 40.6 +58.0%
PAT 23.9 26.7 +11.7%
CTI 59.6% 49.9% -9.7%
General Insurance fund
assets956.9 1,092.8 +14.2%
Claim ratio 72.7% 69.4% -3.3%
Management expense
/ earned premium 14.9% 15.0% +0.1%
ROE 17.9% 21.5% +3.6%
H1FY11 vs H1FY10
GG
G
G
G
GGGG
GGG
GGG
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 34(Conventional + Islamic)
PATPBPExpensesIncome
Markets : Income diversification and increasing momentum
Higher interest income from AFS, FX and derivatives
Expenses reflect continuous investment in FX, rates, derivatives & commodities establishment
Lower AFS impairment
Deliver substantive, integrated and client-led business with full-suite of FX, Rates, Commodities and FI offerings with ANZ collaborations
Composition to Group9.8% 4.2% 13.4% 16.3%
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
RM'mil H1FY10 H1FY11
Income 143.4 194.9 +35.9%
Expenses 21.3 32.3 +51.6%
PBP 122.1 162.6 +33.2%
Impairments / Allowances 34.0 5.0 -85.3%
PBT 88.1 157.6 +78.9%
PAT 63.2 118.5 +87.5%
CTI 14.9% 16.6% +1.7%
PAT : Fx and Derivatives 7.8 24.5 +>100%
Total Group:
Financial assets HFT 2,592.2 4,460.2 +72.1%
Financial investments
AFS 6,738.8 7,224.7 +7.2%
Financial investments
HTM 676.7 194.8 -71.2%
H1FY11 vs H1FY10
GGG
G
G
G
GGG
G
G
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 35(Conventional + Islamic)
PATPBPExpensesIncome
Group Operating Segments
Higher income from :
Shareholders fund, Corporate & Shared Services
- consolidation adjustments
Lower income from Loan Rehab units
- recovery rate as scheduled
Composition to Group6.9% 19.0% -0.7% -6.6%
Defining the journey to a Customer Service Delivery Channel
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
RM'mil H1FY10 H1FY11
Income 107.7 137.6 +27.8%
Expenses 138.7 145.7 +5.0%
PBP (31.0) (8.1) +73.9%
Impairments / Allowances 47.8 37.0 -22.6%
PBT (78.8) (45.1) +42.8%
PAT (66.3) (48.1) +27.5%
PATMI (80.8) (73.2) +9.4%
H1FY11 vs H1FY10
GG
G
G
G
G
G
GGG
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 36(Conventional + Islamic)
PATPBPExpensesIncome
Islamic Banking : Lower underwriting profits and higher impairments
Higher income in H1FY10 due to a one-time gain on disposal of an underwritten bond issuance
Underlying branding position remains strong and expected to provide growth support
* Results incorporated under respective business divisions
To become the Islamic Bank of choice and ensure a high degree of value for our customers, employees & stakeholders
Composition to Group
H1FY10 results
Favourable growth in H1FY11
Unfavourable growth in H1FY11
19.1% 19.1% 19.1% 18.6%
RM'mil H1FY10 H1FY11
Income 403.0 379.1 -5.9%
Expenses 127.1 146.5 +15.3%
PBP 275.9 232.6 -15.7%
Impairments / Allowances 36.8 50.9 +38.3%
PBT 239.1 181.7 -24.0%
PAT 176.7 134.8 -23.7%
Net Financing 10,762.7 12,230.3 +13.6%
Gross Impaired Financing - 204.2 -
Customer Deposits 12,371.5 13,476.0 +8.9%
CASA Deposits 2,005.4 2,148.7 +7.1%
ROA 2.41% 1.59% -0.82%
CTI 31.5% 38.6% 7.1%
Allowance Coverage - 169.3% -
H1FY11 vs H1FY10
G
1.49%
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 37(Conventional + Islamic)
Contents
Executive Summary
H1FY2011 Group Financial Performance
Strategy & Outlook
Divisional Performance
Supplementary Information→ Economic Update→ Corporate Information
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 38(Conventional + Islamic)
Relative debt / loans toGDP, 2009
Malaysia Singapore Indonesia Thailand Philippines
National debt / GDP 34.3 110.0 28.3 28.6 62.3
Fed Govt external debt / GDP 2.0 n.a 28.9 0.6 32.1
Household debt / GDP 76.0 n.a 1.3 41.0 2.3
Housing loans / GDP 29.3 34.5 n.a 10.2 n.a
Auto financing loans / GDP 16.3 4.5 n.a 4.3 1.2
Malaysia’s GDP growth supported by domestic new growth drivers and initiatives coupled with robust Asia-Pacific growth
Note: 1 AmResearch forecastSources : Bloomberg, BNM, in-house economic research
Malaysian economy
Malaysia : Key statistics 1 2010e 2011e
GDP 8.0% 6.0%
Inflation 2% 3.0%
OPR 2.75% 3.25%
Fiscal deficit 5.6% 5.4%
Exchange rate (RM vs USD) 3.1 3.0
Unemployment rate 3.3% 3.0%
Malaysia average lending rate vs OPR & BLR
5.00
-1.70
8.00
6.58
-1.25
12.20
5.70
4.55
5.98
4.60
-2.20
7.00
8.40
5.30
4.93
1.00
5.90
-3
-1
1
3
5
7
9
11
13
2005 2006 2007 2008 2009 2010f
%ASEAN economies real GDP growth
Vietnam
Singapore
Malaysia
IndonesiaPhilippines
Thailand
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 39(Conventional + Islamic)
10MP : Key macroeconomic targets9MP
2006 – 201010MP
2011 - 2015
GDP 6.0% pa 6.0% pa
GDP per capita US$9,285 US$12,139
Private expenditure 8.4% pa 8.6% pa
Public expenditure 6.7% pa 4.9% pa
Exports 4.8% pa 10.6% pa
Fiscal deficit -3.2% of GDP -2.8% of GDP
Inflation 3.0% pa NA
Unemployment rate 3.1% 3.1%
10th Malaysia Plan (2011 – 2015) and New Economic Model : Moving Malaysia to the rank of high income economies
10th Malaysia Plan (10MP) snapshots
Government Transformation Programme & New Economic Model
GDP growth target 6% pa (2006/2010 : 4.2%)
Primary policy thrust to re-energize private sector amid leaner public sector
RM230bil for development expenditure
• Private Finance Initiative Fund RM20bil to attract private investments worth at least RM200bil in National Key Economic Areas (NKEAs)
12 NKEAs, comprising 11 sectors and 1 geographical area – Greater KL
New Economic Model : Goals
• Iskandar Malaysia• Northern Corridor
Economic Region• East Coast Economic
Region• Sarawak Corridor
Renewable Energy• Sabah Development
Corridor
Key growth engines 10MP allocation for development expenditure
Cluster corridors
• O&G (11.1%1)• Palm oil & related products• Financial services (12.7%1)• Wholesale & retail (15.1%1)• Tourism• ICT (10.2%1)• Education (2.0%1)• Electrical & electronics• Business services (3.3%1)• Private healthcare• Agriculture services (2%1)• Greater Kuala Lumpur
NKEAs
Note: 1 target % contribution to GDP by 2015Sources: AmResearch, media, EPU
Economic sector, 55%
Social sector, 30%
Security sector, 10%
General admin, 5%
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 40(Conventional + Islamic)
Major Project Highlights EPP / BO
Incremental GNI, RM’bil
Private investment
New jobs
Greater KL –MRT, River of life
Largest infrastructureproject
9 EPPs3 BOs
392 66% 552 K
Palm oil Improve extraction rate from 20.5% to 23%
8 EPPs3 BOs
125 97.7% 42 K
Tourism Premier shopping district, bio-diversity
12 EPPs3 BOs
67 97.7% 497 K
Oil & gas Create oil field services 10 EPPs7 BOs
132 99.7% 52.3 K
ContentsEconomic Transformation Programme– Propelling Malaysia towards becoming a High-Income, Developed Nation
4 strategic thrusts to transform Malaysia towards Vision 2020
1 Malaysia
10th Malaysia Plan
Government Transformation
Programme
Economic Transformation
Programme
Economic Transformation Programme (ETP) roadmap
RM661bil
RM442b
RM359b
RM275b RM1.7tril
USD188mil
USD523mil
USD138m
USD112m
USD86m
2009 GNI Entry Point Projects (EPP)
(BO) Biz opportunities
Other sector growth
2020 GNI target
RM23.77K GNI (USD6.7K)per capita
>RM48K GNI (USD15K) per capita
3.3 mil new jobs63% in mid to high income
brackets (current : 43%)
1 2 3
National Key Economic Activities (NKEA)
131 EPPs
Rural 25
Urban 106
131 EPPs across Malaysia
Rural 8.7mil
Urban 19.3 mil
EPP allocation vis-à-vis population
breakdown
Total investment : USD 444 bilPublic 8%,
USD34b
Private sector92%, USD410b
73% domestic direct investment
8% public funding (USD34b) & 92% private funding (USD410b)
Note :GNI = gross national income NKEA = National Key Economic Activities EPP = Entry Point Projects BO = business opportunitiesSource : www.pemandu.gov.my
Shift to service-based economy to contribute 65% (current 58%)
ETP is different : A programme, not a plan Focus on actions 1st in Malaysia’s history Co-created by private and public sector
But, private-sector led; government as facilitator
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 41(Conventional + Islamic)
Oil, Gas & Energy
Palm Oil
Financial Services
Tourism
BusinessServices
ImprovingElectronics& Electrical
Wholesale
& Retail
Education
Healthcare
Communications Content &
Infrastructure
Agriculture
Greater KL
Economic Transformation Programme : Financial Services as 1 of 12 NKEAs
Vision • Evolve to serve needs of biz & consumers in high-income economy
• Increase depth, regional & global market shares in selected niches
Aspirations • Strengthen core
• Serve needs of high-income population
• Develop new growth sectors
• Go on the offensive
Targets • GNI contribution RM180bil(additional 121b, 3x growth)
• New 275K jobs(56% >RM4K income per month)
Challenges • Lack of scale• Lack of liquidity & diversity in
capital markets• Low levels of financial
literacy• Competition from regional
financial centres
Enablers • RM211bil cumulative funding in next 10 years(4% public sector contribution)
• Attractive biz environment for international & long-term capital
• Talent• Seamless regulatory• Tax competitiveness• Reputation
Financial services sector EPP
1 Revitalise equity market
2 Deepen & broaden bond markets
3 Transform development financial institutions
4 Create integrated payment eco-system
5 Service high-income population
6 Accelerate development of private pensions
7 Spur growth of wealth management
8 Kick-start & sustain asset management industry
9 Create regional champions
10 Create global Islamic finance hub
Note :GNI = gross national income NKEA = National Key Economic Activities EPP = Entry Point ProjectsSource : www.pemandu.gov.my
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 42(Conventional + Islamic)
99.3 158.0
464.5
101.9 175.2
493.9
Savings Current Account Fixed Deposits
Industry Deposits by Type Sept '09 Sept '10
10.9% 6.3%2.7%
119.7 205.0
25.4 35.5
378.2 131.1
230.4
28.7 40.8
423.7
Purchase of Transport Vehicles
Purchase of Residential Properties
Credit Cards Personal Use Business & Corporate Loans
Industry Loans Growth by Purpose Sept '09 Sept '10
12.4% 12.9% 14.8% 12.0%9.6%
Industry Growth : Loans by Sector, Deposits by Type
composition : 15.3% 27.0% 3.4% 4.8% 49.6%
Retail loans composition : 50.4%
CASA growth : 7.7%
composition : 13.2% 22.7% 64.1%
Banking System Loans
RM’bil
Sept 2010 854.6
Sept 2009 763.7
11.9%
Banking SystemCore Deposits
RM’bil
Sept 2010 771.0
Sept 2009 721.8
6.8%
RM’bil
Source : BNM
AmBank Group’s growth : +5% +4% -6% +7% +27%
Retail loans growth : 3%
Retail loans growth : 11.8%
AmBank Group’s growth : +10% +21% +37%CASA growth : 15%
Industry Loans Growth by Purpose
Industry Deposits Growth by Type
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 43(Conventional + Islamic)
24.6
11.4
1.8 2.5 3.5 2.4 2.0 0.0 1.5
9.7
3.5
25.7
11.9
4.3
0.0 1.6
13.9
5.3
Purchase of Transport Vehicles
Purchase of Residential Properties
Credit Cards Personal Use Purchase of Non-Residential Properties
Purchase of Securities
Fixed Assets Consumer Durables
Construction Working Capital Other purpose
AmBank Group Loans Growth by Economic Purpose Sep-09 Sep-10
1.7 2.3 2.4 1.2
4.6% 4.2% -6.4% -7.4% 24.4% -0.1% -42.4% 419.7% 5.0% 44.0% 49.8%
119.7
205.0
25.4 35.5 72.3
32.9 0.1
18.7
209.2
35.9
131.1
230.4
28.7 40.8
86.5
35.6 20.2
221.8
50.5
Purchase of Transport Vehicles
Purchase of Residential Properties
Credit Cards Personal Use Purchase of Non-Residential Properties
Purchase of Securities
Fixed Assets Consumer Durables
Construction Working Capital Other purpose
Industry Loans Growth by Economic Purpose Sep-09 Sep-10
8.9
9.1
8.9
9.1 0.1
9.6% 12.4% 12.9% 14.8% 19.8% 8.1% -1.7% -21.0% 8.1% 6.0% 40.8%
Loans by Economic Purpose : AMMB vis-à-vis Industry
composition : 36.6% 16.9% 2.4% 3.3% 6.1% 3.4% 1.6% 0.0% 2.2% 19.8% 7.5%
RM’bil
Note : AmBank Group’s data on loans by economic purpose was synchronised between CCRIS and FISS reporting in an exercise in Nov 2009 Source : BNM, internal reports
composition : 15.3% 27.0% 3.4% 4.8% 10.1% 4.2% 1.0% 0.0% 2.4% 26.0% 5.9%
RM’bil
AmBank Group Loans Growth by Economic Purpose
Industry Loans Growth by Economic Purpose
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 44(Conventional + Islamic)
Competitive Positioning : Sound size and market position in key businesses (as at mid 2010)
Investment Banking
Business Banking
Life Assurance
Islamic Banking
Corporate & Institutional Banking
# 2
# 4[9.9%]
# 5[6.5%]
# 10
# 5[7.4%]
Life
`
# 2 auto financier [21.2%]
# 8 in housing loans (incl foreign banks) [ 5.0%]
# 7 in credit cards (incl foreign banks) [ 6.0%]
# 3 in personal financing [ 6.4%]
# 5 in no. of branches & # 4 in no. of ATM’s *# 2 in ATM’s by location coverage+
Nationwide network - 4 regional business & 12 commercial centres
Lead in cash management, trade and SME financing
# 2 in Debt League [21.5%]
# 3 in Malaysian RM Islamic bonds [15.4%]
# 3 in IPO league [12.2%]
# 3 in brokerage turnover [ 7.9%]
# 4 in funds under management [ 12.5%]
Award-winning equity house, private bank, asset management company & Islamic asset management house
Focus - GLC’s, MNC’s and financial institution groups (FIG’s)
Niche international businesses - Singapore, Indonesia & Brunei
Other businesses - REITs and private equity
# 10 in life assurance new biz premiums [ 4.2%]
Strategic partner - Friends Provident
BNM approval for rights to establish Takaful company
Syariah based banking products and services
# 2 in Islamic credit cards [30.3%]
Islamic funds management and banking business in Brunei
Retail Banking
Note :[ ] denotes market share
General Insurance # 7
# 7 in general ins new biz premiums [ 4.9%]
# 3 in motor ins new biz premiums [ 8.3%]
Strategic partner – IAG
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 45(Conventional + Islamic)
Competitive positioning :Shareholding structure
No. 17 (Malaysia –market capitalisation) & 176 (global – 1,000 banks by market capitalisation) :
RM17.63 billion, Bursa SahamMalaysia (1)
US$5.78 billion, Bloomberg (2)
1 Apr 2010 : 100% equity in AmInvestmentBank Bhd transferred to AHB from AmInvestment Group Bhd
AHB in progress of due diligence to acquire :
general insurance business of a local insurance company
As at 30 September 2010
Foreign shareholding excluding ANZ :
Mar 09 : 28.4% Mar 10 : 27.1% Sep 10 : 31.0%
100% 70%*100%
100%
AmInvestmentBank Berhad
16.8% 12.5% 46.9%
Employees Provident Fund Board
AMMB Holdings Bhd
Amcorp Group Bhd
Other shareholders
AmBank (M) Berhad
AmIslamicBank Bhd
^ Insurance Australia Group Ltd –49%
ANZ Funds Pty Ltd #
23.8%
AMFB Holdings Bhd
100%
51%^
AMAB Holdings Sdn Bhd
100%
AmG Insurance Berhad
AmLife Insurance Berhad
* Friends Provident Fund PLC –30%
Source :1 Starbiz dated 4 October 20102 Bloomberg Global 1,000 banks by Market Capitalization as at 1 October 2010
# ANZ Funds Pty Ltd : a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (“ANZ”)
AmInvestmentGroup Berhad
100%
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 46(Conventional + Islamic)
Competitive positioning :Strategic partnership with global partner, ANZ
Super regional strategic intent
Launched Dec 2007
Asia Pacific growth focus : Retail, Wealth, Commercial,
Institutional
Director
Dr. Robert John
Edgar
BoardDirector
Alex Thursby
Senior
Management
Deputy Group MD & Group CFO
Ashok Ramamurthy
Chief Risk Officer
Andrew Kerr
Head, Retail Sales & Distribution
Brad GravellManagement
Head, Group Risk Models
Glenn Saunders
Head, Market Risk
Jonathan Manifold
Head, Systems Accounting
Ignatius Lim
Chief Operations Officer
Ross Neil Foden
Director
Mark Whelan
Head, FX & Derivatives
Peter Trumper
ANZ has provided key resources and support
ANZ’s Regional Aspiration :
Create a leading Super Regional bank
Global quality, regional focus
( ) – number of branches & representative offices in each country
AmBank Group 1 of 5 key partnerships that is expanding ANZ’s organic agenda
AHB’s market cap increased 56.4% in 2008/2010
Partnerships model, ANZ adds value :
leadership & management
product development
technical expertise
2-way customer flows
ANZ is committed to AmBank Group’s long-term success and aspirations
1 – 2 years Restore Drive Asia profit
2 – 5 years Outperform In-fill M&A in Asia (core geography)
5+ years TRANSFORM
Head, Transaction Banking (Trade &
Cash)
Tan Chin AunNote : as at June 2010
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 47(Conventional + Islamic)
Strategic Business Transformation : Good Progress
12 months (FY 2008)
24 months
(FY 2009)
36 months (FY 2010)
• Set Group’s vision & aspirations
• Agreed Group’s transformation strategy, agenda and targets
• Realigned auto financing business towards profitable growth
• Improved asset quality
• Realigned growth towards profitable and viable segments only
• Realigned Markets Fixed Income business model
• Reset Mortgage business strategy and action plans
• Consolidated Group balance sheet activities within commercial bank
• Split composite insurance license to General and Life
• Created deposits as a profit centre
• Realigned customer ownerships and focus across all business Divisions
• Proactively strengthened capital and liquidity management
• Repositioned balance sheet for rising interest rates
Strategic Business
Transformation
High Priority
Growth Initiatives
Governance &
Enablement
Functions
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 48(Conventional + Islamic)
High Priority Growth Initiatives : Implemented To-Date
• Accelerated growth from GLC, GLIC and MNC
• Acquiring an infill general insurance business (MAA) and build scale
• Developed a new Rates business in collaboration with ANZ
• Expanding distribution footprint with particular focus on 7-11 ATM’s
• Created a separate Corporate and Institutional Banking Division (CIB)
• Developed a new FX business in collaboration with ANZ
• Enhanced cash management offering via Gross Payroll system
• Split General and Life, brought in a new life business partner, Friends Provident Fund plc
• Implemented new profit centre based retail branch distribution model
• Accelerated CASA growth via aligning profitability and incentives
12 months (FY 2008)
24 months (FY 2009)
36 months (FY 2010)
Strategic Business
Transformation
High Priority Growth
Initiatives
Governance &
Enablement
Functions
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 49(Conventional + Islamic)
Governance and Enablement Functions Streamlined :Supports Better Decision Making
• Privatised AmInvestment Bank
• Consolidated some Group support into Centres of Excellence
• Consolidated / simplified governance committee structure across entities
• Delivered line of business budgets and performance reporting
• Created a Group PMO to prioritise and manage key strategic initiatives
• Established Advance Risk Recognition Program (ARRP)
• Strengthened risk disciplines via Group Risk Appetite Frameworks
• Separated ALCO, capital and balance sheet management from Markets
• Delivered Peer Bank relative performance benchmarks
• Implemented short and long term incentives aligned to performance via MTA
• Delivered 8 new generation retail scorecards and new market risk models
• Commenced PD, LGD & EAD models for retail and non-retail, non-retail security indicators
• Implemented a new FTP system aligned to balance sheet strategies
• Implemented Operational Risk Incident Reporting system and Basel II capital calculator
• Developed leadership bench-strength and succession planning
12 months (FY 2008)
24 months (FY 2009)
36 months (FY 2010)
Strategic Business
Transformation
High Priority
Growth Initiatives
Governance and
Enablement Functions
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 50(Conventional + Islamic)
Strategic partnership with global partner, ANZ
Competitive positioning : continues to strengthen
Sound size and market position in key business
segments
1
2
3
4
5
6
Well diversified universal bank & # 4 largest banking group (market capitalization) # 4 retail bank, # 5 business and CIB lending Top 2 investment bank, #5 Islamic banking, #7 general insurance Strong customer-focus, lead in
customer satisfaction
Segmentation focus and positioning strategies & differentiating through products & services
Large retail and corporate client base provides high cross-selling potential
Award-winning products and services
Improving “Top of Mind” brand recall
Expanding distribution footprint (branch network –190), #4 largest ATM network (807), 402 ATMs @ 7/11 and 140 EBC’s
eChannels : internet banking, mobile banking and 24 hours call centre
Pioneer in weekend banking concept
~7,400 sales agents, direct sales teams, marketing & personal bankers, financial services and insurance agents
Strategic partnership with ANZ (since May 07), 1 of 11 AA rated global banks Leveraging ANZ : strengthen strategy formulation, financial management, risk
management, distribution channel management, deposits strategy and product development
Strong key shareholders, common aspirations
AIGB privatisation & internal business restructuring completed
Insurance biz partnership (2009)
Improvement in stock valuation & upgrades in credit ratings
Experienced management team with key ANZappointments
Industry experts, international and domestic best practices
Performance based culture, all levels
Strengtheningcompetitive positioning
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 51(Conventional + Islamic)
Wide market reach and multiple distribution channels
Source : Company websites of peer banks / MEPS informationNote : Peer groups as at September 2010; AmBank as at latest practicable date
Total no
ATM’s at 7 Eleven 402
Electronic Banking Centers (EBC) 140
Assurance offices 74
AmInvestment offices 15
Strategic initiatives , expanding distribution footprints
Increased customer satisfaction via integrated & seamless channels model Expand branch network & SSM footprint Further build & improve sales & service capabilities
Aspirations
Number of Branches#5
Branch Banking
190 branches, 2 in progress
Number of ATMs
2,8472,061
872 807484 341 251 171
Maybank CIMB RHB AmBank PBB HLB EON Alliance
#4
Expand self-service machines (SSM) network at branches, shopping centres, 7-Eleven
Expand revenue streams via add-ons (interbank loan, bill payment, full-suite prepaid top-up)
Maximise outbound sales productivity via contact centre Enhance experience via innovative mobile & internet
banking
E- Channels & Contact Centre (incl. Internet & Mobile Banking)
Wealth Management
Priority banking for affluent segment Multi-campaigns / product launches for different segments Increase sales efficiency through the introduction of WM System Group Wealth Steering Committee Maximise WS sales productivity – sales management
Main-bank for transactional and savings’ needs : Promotions, marketing events Payroll acquisition Focus on targeted customer segments e.g family and
university students Service delivery
Convenience, simplicity, friendliness
Deposit & Customer Solutions
364 323 248 241 190 188 139 89 86
Maybank CIMB Public RHB AmBank HLB EON Alliance Affin
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 52(Conventional + Islamic)
Competitive Positioning : Products and Services
Personal
Business
Investment Banking
Islamic
Assurance
Unit Trust
eBanking
Internet banking
MobileBanking
AmOnline Bill Payment
Award-Winning Contact Centre
Electronic Banking Centre
Self-Service Machines
ATM’s at 7-Eleven
Deposits
AmeSecurities
AmeBiz
Cards Loans Family First Wealth Management
Floating Rate NIDs
AmBank@work
Corporate Finance
Loans and Financing
Cash Management
Trade Services Factoring Treasury AmBank@work
Corporate Finance
Structured Finance
Islamic Markets
Equity Capital Markets Equity
Derivatives
Treasury and Markets
Broking Futures
Funds Management
Trustee Services
Private Equity
Private Banking
Offshore Markets
Retail Business Trade Services
Treasury Unit Trusts
Islamic Private Trust Services
InvestmentStockbroking
Protection
RetirementSavings &
Investment
Healthcare
Education
Bancassurance AmDriverCare
Houseowner and Householders
Fire Insurance
Private Motor Insurance
AmPro Personal Accident Insurance
Fixed Income Funds
Mixed Asset Funds
Equity Funds Closed Ended Funds
Islamic Funds Global Funds
Deposits
Life Assurance General Insurance
AmTrade
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 53(Conventional + Islamic)
Reaping awards and accolades
10th CCAM Annual Contact Center Awards 2009 :
- Silver Award for Best Telemarketing Contact Center, Best Contact Center Manager, Best Contact Center Telemarketer, Best Contact Center Support Professional
- Bronze Award for Mystery shopper results
Euromoney Private Banking Survey, 2010 : Best Local Private Bank in Malaysia
The Edge-Lipper Malaysia Fund Awards 2010 :
- Best Bond Group
- AmDynamic Bond (Best Bond MYR Fund – 3 years)
- AmDynamic Bond (Best Bond MYR Fund – 5 years)
Finance Asia Country Awards Achievement 2010 :
- AmInvestment Bank as Best Equity House in Malaysia
The Asset Triple A Islamic Finance Awards 2010 :
- Most Innovative Islamic Finance Deal & Best Islamic Deal Malaysia – 1Malaysia Development Berhad 5 billion ringgit 30 year Islamic medium term notes
- Best Islamic Structured Product – AmIslamic Bank AmMomentum Select NID-i
- Islamic Asset Management House of the Year
ACI Excellence Awards 2010 :AmBank received “Highly Commended” honour for easy-to-use Inter Bank Loan Repayments Service via ATMs
The Asset Triple A Awards 2010 :⁻ Malaysia’s Asset Management Company of the Year⁻ Islamic Asset Management House of the Year
Share/Guide Association (Malaysia) ICT Awards 2010 :⁻ Enterprise Security Excellence Award (AmBank’s wireless ATM)
Alpha Southeast Asia Best Financial Institution Awards 2010 :
- AmInvestment Bank as Best Equity House in Malaysia
KLIFF Islamic Finance Awards 2010 :
- AmInvestment Bank for Most Outstanding Islamic Investment Banking
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 54(Conventional + Islamic)
Major investment banking deals clinched
Secondary Offerings IPO
Lion Diversified Holdings Berhad
RM138 million
Proposed Acquisition of Megasteel Sdn Bhd
February 2010
Delegateam Sdn Bhd
RM1.65 billion
Voluntary Take-Over Offer on Sarawak Energy Berhad
March 2010
Techfast Holdings Berhad
RM8.33 million
Proposed acquisition of 50%equity interest in Cape Technolgy
S/B, Oriem Technology S/B, Cape Tech Corporation S/B
May 2010
RM15.08 million
Acquisition of Kenseisha (M) Sdn Bhd
May 2010
RM1.03 billion
Starhill Real Estate Investment Trust
Proposed Disposal of Starhill Gallery and Lot 10
Property
June 2010
M & A
Debt Capital Market
“PRIVATE & CONFIDENTIAL”
Page 21
RM336 Million
RM2.0 Billion Medium Term Notes
Programme
June 2010
Lead Manager
Perbadanan Tabung Pendidikan
Tinggi Nasional
1st Tranche : RM1,500 Million
2nd Tranche : RM1,500 Million
Syndicated Bai’Inah Term
Facility
November 2009 / June 2010
Mandated Lead Arranger
Ara Bintang Berhad
1st Issue: RM1,035 Million
RM1.25 Billion MTN Programme
arising from the Securitisation of
Starhill Gallery and the Lot 10
Property
June 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sports Toto Malaysia Sdn Bhd
1st Issue: RM500 Million
Medium Term Notes Programme
of up to RM800.0 Million in
Nominal Value
June 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM300 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers
Issuance under the RM60.0
Billion Programme
June 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
April 2010
Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche G
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
April 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Cagamas Berhad
RM1,060 Million
Conventional Commercial
Papers and Islamic Medium
Term Notes Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM300 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
May 2010
Lead Manager
AmBank (M) Berhad
2nd Issuance: RM1,325 Million
RM7.0 BillionSenior Notes
Issuance Programme
April 2010
Lead Manager
Gamuda Berhad
RM320 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Manager
AmBank (M) Berhad
1st Issuance: RM1,420 Million
RM7.0 BillionSenior Notes
Issuance Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Cagamas Berhad
RM200 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
February 2010
Joint Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers and
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
February 2010
Joint Lead Manager
Lafarge Malayan Cement Berhad
RM350 Million
Islamic Securities Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche F
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
January 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche H
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
July 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
AmBank (M) Berhad
3rd Issuance: RM100 Million
RM7.0 Billion Senior Notes
Issuance Programme
July 2010
Lead Manager
Woori Bank
RM320 Million
Up to RM1.0 Billion Medium Term
Notes Programme
July 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM100 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
August 2010
Lead Manager
BerjayaCity Sdn Bhd
RM105 Million
Up to RM150 Million Medium Term
Notes Programme Guaranteed by
Danajamin Nasional Berhad
August 2010
Principal Adviser, Lead Arranger
and Lead Manager
RM660 Million
RM2.0 Billion Medium Term Notes
Programme
September 2010
Lead Manager
AmIslamic Bank Berhad
1st Issuance: RM550 Million
RM3.0 Billion Senior Sukuk
Issuance Programme
September 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sabah Development Bank Berhad
RM290 Million
Medium Term Notes Issuance
under the RM1.5 Billion
Programme
August 2010
Joint Lead Manager
MISC Berhad
RM500 Million
RM2.5 Billion Islamic Medium
Term Notes Programme
September 2010
Joint Lead Manager
Tresor Assets Berhad
RM83.8 Million
Tranche I
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
September 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
1Malaysia Development Berhad
RM2,500 Million
USD300 Million
Syndicated Term Loan Facility
September 2010
Mandated Lead Arranger /
Bookrunner (MYR)
“PRIVATE & CONFIDENTIAL”
Page 21
RM336 Million
RM2.0 Billion Medium Term Notes
Programme
June 2010
Lead Manager
Perbadanan Tabung Pendidikan
Tinggi Nasional
1st Tranche : RM1,500 Million
2nd Tranche : RM1,500 Million
Syndicated Bai’Inah Term
Facility
November 2009 / June 2010
Mandated Lead Arranger
Ara Bintang Berhad
1st Issue: RM1,035 Million
RM1.25 Billion MTN Programme
arising from the Securitisation of
Starhill Gallery and the Lot 10
Property
June 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sports Toto Malaysia Sdn Bhd
1st Issue: RM500 Million
Medium Term Notes Programme
of up to RM800.0 Million in
Nominal Value
June 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM300 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers
Issuance under the RM60.0
Billion Programme
June 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
April 2010
Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche G
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
April 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Cagamas Berhad
RM1,060 Million
Conventional Commercial
Papers and Islamic Medium
Term Notes Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM300 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
May 2010
Lead Manager
AmBank (M) Berhad
2nd Issuance: RM1,325 Million
RM7.0 BillionSenior Notes
Issuance Programme
April 2010
Lead Manager
Gamuda Berhad
RM320 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Manager
AmBank (M) Berhad
1st Issuance: RM1,420 Million
RM7.0 BillionSenior Notes
Issuance Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Cagamas Berhad
RM200 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
February 2010
Joint Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers and
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
February 2010
Joint Lead Manager
Lafarge Malayan Cement Berhad
RM350 Million
Islamic Securities Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche F
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
January 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche H
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
July 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
AmBank (M) Berhad
3rd Issuance: RM100 Million
RM7.0 Billion Senior Notes
Issuance Programme
July 2010
Lead Manager
Woori Bank
RM320 Million
Up to RM1.0 Billion Medium Term
Notes Programme
July 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM100 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
August 2010
Lead Manager
BerjayaCity Sdn Bhd
RM105 Million
Up to RM150 Million Medium Term
Notes Programme Guaranteed by
Danajamin Nasional Berhad
August 2010
Principal Adviser, Lead Arranger
and Lead Manager
RM660 Million
RM2.0 Billion Medium Term Notes
Programme
September 2010
Lead Manager
AmIslamic Bank Berhad
1st Issuance: RM550 Million
RM3.0 Billion Senior Sukuk
Issuance Programme
September 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sabah Development Bank Berhad
RM290 Million
Medium Term Notes Issuance
under the RM1.5 Billion
Programme
August 2010
Joint Lead Manager
MISC Berhad
RM500 Million
RM2.5 Billion Islamic Medium
Term Notes Programme
September 2010
Joint Lead Manager
Tresor Assets Berhad
RM83.8 Million
Tranche I
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
September 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
1Malaysia Development Berhad
RM2,500 Million
USD300 Million
Syndicated Term Loan Facility
September 2010
Mandated Lead Arranger /
Bookrunner (MYR)
“PRIVATE & CONFIDENTIAL”
Page 21
RM336 Million
RM2.0 Billion Medium Term Notes
Programme
June 2010
Lead Manager
Perbadanan Tabung Pendidikan
Tinggi Nasional
1st Tranche : RM1,500 Million
2nd Tranche : RM1,500 Million
Syndicated Bai’Inah Term
Facility
November 2009 / June 2010
Mandated Lead Arranger
Ara Bintang Berhad
1st Issue: RM1,035 Million
RM1.25 Billion MTN Programme
arising from the Securitisation of
Starhill Gallery and the Lot 10
Property
June 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sports Toto Malaysia Sdn Bhd
1st Issue: RM500 Million
Medium Term Notes Programme
of up to RM800.0 Million in
Nominal Value
June 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM300 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers
Issuance under the RM60.0
Billion Programme
June 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
April 2010
Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche G
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
April 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Cagamas Berhad
RM1,060 Million
Conventional Commercial
Papers and Islamic Medium
Term Notes Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM300 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
May 2010
Lead Manager
AmBank (M) Berhad
2nd Issuance: RM1,325 Million
RM7.0 BillionSenior Notes
Issuance Programme
April 2010
Lead Manager
Gamuda Berhad
RM320 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Manager
AmBank (M) Berhad
1st Issuance: RM1,420 Million
RM7.0 BillionSenior Notes
Issuance Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Cagamas Berhad
RM200 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
February 2010
Joint Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers and
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
February 2010
Joint Lead Manager
Lafarge Malayan Cement Berhad
RM350 Million
Islamic Securities Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche F
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
January 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche H
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
July 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
AmBank (M) Berhad
3rd Issuance: RM100 Million
RM7.0 Billion Senior Notes
Issuance Programme
July 2010
Lead Manager
Woori Bank
RM320 Million
Up to RM1.0 Billion Medium Term
Notes Programme
July 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM100 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
August 2010
Lead Manager
BerjayaCity Sdn Bhd
RM105 Million
Up to RM150 Million Medium Term
Notes Programme Guaranteed by
Danajamin Nasional Berhad
August 2010
Principal Adviser, Lead Arranger
and Lead Manager
RM660 Million
RM2.0 Billion Medium Term Notes
Programme
September 2010
Lead Manager
AmIslamic Bank Berhad
1st Issuance: RM550 Million
RM3.0 Billion Senior Sukuk
Issuance Programme
September 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sabah Development Bank Berhad
RM290 Million
Medium Term Notes Issuance
under the RM1.5 Billion
Programme
August 2010
Joint Lead Manager
MISC Berhad
RM500 Million
RM2.5 Billion Islamic Medium
Term Notes Programme
September 2010
Joint Lead Manager
Tresor Assets Berhad
RM83.8 Million
Tranche I
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
September 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
1Malaysia Development Berhad
RM2,500 Million
USD300 Million
Syndicated Term Loan Facility
September 2010
Mandated Lead Arranger /
Bookrunner (MYR)
“PRIVATE & CONFIDENTIAL”
Page 21
RM336 Million
RM2.0 Billion Medium Term Notes
Programme
June 2010
Lead Manager
Perbadanan Tabung Pendidikan
Tinggi Nasional
1st Tranche : RM1,500 Million
2nd Tranche : RM1,500 Million
Syndicated Bai’Inah Term
Facility
November 2009 / June 2010
Mandated Lead Arranger
Ara Bintang Berhad
1st Issue: RM1,035 Million
RM1.25 Billion MTN Programme
arising from the Securitisation of
Starhill Gallery and the Lot 10
Property
June 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sports Toto Malaysia Sdn Bhd
1st Issue: RM500 Million
Medium Term Notes Programme
of up to RM800.0 Million in
Nominal Value
June 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM300 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers
Issuance under the RM60.0
Billion Programme
June 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
April 2010
Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche G
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
April 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Cagamas Berhad
RM1,060 Million
Conventional Commercial
Papers and Islamic Medium
Term Notes Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM300 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
May 2010
Lead Manager
AmBank (M) Berhad
2nd Issuance: RM1,325 Million
RM7.0 BillionSenior Notes
Issuance Programme
April 2010
Lead Manager
Gamuda Berhad
RM320 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Manager
AmBank (M) Berhad
1st Issuance: RM1,420 Million
RM7.0 BillionSenior Notes
Issuance Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Cagamas Berhad
RM200 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
February 2010
Joint Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers and
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
February 2010
Joint Lead Manager
Lafarge Malayan Cement Berhad
RM350 Million
Islamic Securities Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche F
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
January 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche H
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
July 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
AmBank (M) Berhad
3rd Issuance: RM100 Million
RM7.0 Billion Senior Notes
Issuance Programme
July 2010
Lead Manager
Woori Bank
RM320 Million
Up to RM1.0 Billion Medium Term
Notes Programme
July 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM100 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
August 2010
Lead Manager
BerjayaCity Sdn Bhd
RM105 Million
Up to RM150 Million Medium Term
Notes Programme Guaranteed by
Danajamin Nasional Berhad
August 2010
Principal Adviser, Lead Arranger
and Lead Manager
RM660 Million
RM2.0 Billion Medium Term Notes
Programme
September 2010
Lead Manager
AmIslamic Bank Berhad
1st Issuance: RM550 Million
RM3.0 Billion Senior Sukuk
Issuance Programme
September 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sabah Development Bank Berhad
RM290 Million
Medium Term Notes Issuance
under the RM1.5 Billion
Programme
August 2010
Joint Lead Manager
MISC Berhad
RM500 Million
RM2.5 Billion Islamic Medium
Term Notes Programme
September 2010
Joint Lead Manager
Tresor Assets Berhad
RM83.8 Million
Tranche I
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
September 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
1Malaysia Development Berhad
RM2,500 Million
USD300 Million
Syndicated Term Loan Facility
September 2010
Mandated Lead Arranger /
Bookrunner (MYR)
“PRIVATE & CONFIDENTIAL”
Page 21
RM336 Million
RM2.0 Billion Medium Term Notes
Programme
June 2010
Lead Manager
Perbadanan Tabung Pendidikan
Tinggi Nasional
1st Tranche : RM1,500 Million
2nd Tranche : RM1,500 Million
Syndicated Bai’Inah Term
Facility
November 2009 / June 2010
Mandated Lead Arranger
Ara Bintang Berhad
1st Issue: RM1,035 Million
RM1.25 Billion MTN Programme
arising from the Securitisation of
Starhill Gallery and the Lot 10
Property
June 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sports Toto Malaysia Sdn Bhd
1st Issue: RM500 Million
Medium Term Notes Programme
of up to RM800.0 Million in
Nominal Value
June 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM300 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers
Issuance under the RM60.0
Billion Programme
June 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
April 2010
Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche G
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
April 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Cagamas Berhad
RM1,060 Million
Conventional Commercial
Papers and Islamic Medium
Term Notes Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM300 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
May 2010
Lead Manager
AmBank (M) Berhad
2nd Issuance: RM1,325 Million
RM7.0 BillionSenior Notes
Issuance Programme
April 2010
Lead Manager
Gamuda Berhad
RM320 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Manager
AmBank (M) Berhad
1st Issuance: RM1,420 Million
RM7.0 BillionSenior Notes
Issuance Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Cagamas Berhad
RM200 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
February 2010
Joint Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers and
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
February 2010
Joint Lead Manager
Lafarge Malayan Cement Berhad
RM350 Million
Islamic Securities Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche F
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
January 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche H
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
July 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
AmBank (M) Berhad
3rd Issuance: RM100 Million
RM7.0 Billion Senior Notes
Issuance Programme
July 2010
Lead Manager
Woori Bank
RM320 Million
Up to RM1.0 Billion Medium Term
Notes Programme
July 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM100 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
August 2010
Lead Manager
BerjayaCity Sdn Bhd
RM105 Million
Up to RM150 Million Medium Term
Notes Programme Guaranteed by
Danajamin Nasional Berhad
August 2010
Principal Adviser, Lead Arranger
and Lead Manager
RM660 Million
RM2.0 Billion Medium Term Notes
Programme
September 2010
Lead Manager
AmIslamic Bank Berhad
1st Issuance: RM550 Million
RM3.0 Billion Senior Sukuk
Issuance Programme
September 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sabah Development Bank Berhad
RM290 Million
Medium Term Notes Issuance
under the RM1.5 Billion
Programme
August 2010
Joint Lead Manager
MISC Berhad
RM500 Million
RM2.5 Billion Islamic Medium
Term Notes Programme
September 2010
Joint Lead Manager
Tresor Assets Berhad
RM83.8 Million
Tranche I
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
September 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
1Malaysia Development Berhad
RM2,500 Million
USD300 Million
Syndicated Term Loan Facility
September 2010
Mandated Lead Arranger /
Bookrunner (MYR)
“PRIVATE & CONFIDENTIAL”
Page 21
RM336 Million
RM2.0 Billion Medium Term Notes
Programme
June 2010
Lead Manager
Perbadanan Tabung Pendidikan
Tinggi Nasional
1st Tranche : RM1,500 Million
2nd Tranche : RM1,500 Million
Syndicated Bai’Inah Term
Facility
November 2009 / June 2010
Mandated Lead Arranger
Ara Bintang Berhad
1st Issue: RM1,035 Million
RM1.25 Billion MTN Programme
arising from the Securitisation of
Starhill Gallery and the Lot 10
Property
June 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sports Toto Malaysia Sdn Bhd
1st Issue: RM500 Million
Medium Term Notes Programme
of up to RM800.0 Million in
Nominal Value
June 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM300 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers
Issuance under the RM60.0
Billion Programme
June 2010
Lead Manager
Cagamas Berhad
RM500 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
April 2010
Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche G
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
April 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Cagamas Berhad
RM1,060 Million
Conventional Commercial
Papers and Islamic Medium
Term Notes Issuance under the
RM60.0 Billion Programme
May 2010
Lead Manager
Cagamas Berhad
RM300 Million
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
May 2010
Lead Manager
AmBank (M) Berhad
2nd Issuance: RM1,325 Million
RM7.0 BillionSenior Notes
Issuance Programme
April 2010
Lead Manager
Gamuda Berhad
RM320 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Manager
AmBank (M) Berhad
1st Issuance: RM1,420 Million
RM7.0 BillionSenior Notes
Issuance Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Cagamas Berhad
RM200 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
February 2010
Joint Lead Manager
Cagamas Berhad
RM500 Million
Islamic Commercial Papers and
Islamic Medium Term Notes
Issuance under the RM60.0
Billion Programme
February 2010
Joint Lead Manager
Lafarge Malayan Cement Berhad
RM350 Million
Islamic Securities Programme
March 2010
Principal Adviser, Lead Arranger
and Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche F
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
January 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
Tresor Assets Berhad
RM100 Million
Tranche H
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
July 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
AmBank (M) Berhad
3rd Issuance: RM100 Million
RM7.0 Billion Senior Notes
Issuance Programme
July 2010
Lead Manager
Woori Bank
RM320 Million
Up to RM1.0 Billion Medium Term
Notes Programme
July 2010
Joint Lead Manager
RM320.0 Million
Islamic Medium Term Notes
Issuance
April 2010
Joint Lead Arranger and Joint Lead
Manager
Cagamas Berhad
RM100 Million
Conventional Commercial
Papers Issuance under the
RM60.0 Billion Programme
August 2010
Lead Manager
BerjayaCity Sdn Bhd
RM105 Million
Up to RM150 Million Medium Term
Notes Programme Guaranteed by
Danajamin Nasional Berhad
August 2010
Principal Adviser, Lead Arranger
and Lead Manager
RM660 Million
RM2.0 Billion Medium Term Notes
Programme
September 2010
Lead Manager
AmIslamic Bank Berhad
1st Issuance: RM550 Million
RM3.0 Billion Senior Sukuk
Issuance Programme
September 2010
Principal Adviser, Lead Arranger
and Lead Manager
Sabah Development Bank Berhad
RM290 Million
Medium Term Notes Issuance
under the RM1.5 Billion
Programme
August 2010
Joint Lead Manager
MISC Berhad
RM500 Million
RM2.5 Billion Islamic Medium
Term Notes Programme
September 2010
Joint Lead Manager
Tresor Assets Berhad
RM83.8 Million
Tranche I
Issuance of Asset-Backed
Securities under the RM1.5 Billion
ABS Programme
September 2010
Joint Principal Adviser, Joint Lead
Arranger and Joint Lead Manager
1Malaysia Development Berhad
RM2,500 Million
USD300 Million
Syndicated Term Loan Facility
September 2010
Mandated Lead Arranger /
Bookrunner (MYR)
Ivory Properties
Group Berhad
Market Capitalisation:
RM186 million
Adviser, Managing
Underwriter, Underwriter &
Sole Placement Agent
July 2010
SIG Gases Berhad
Market Capitalisation:
RM87 million
Adviser, Sole Underwriter
and Sole Placement Agent
August 2010
Berjaya Retail Berhad
Market Capitalisation:
RM748.7 million
Adviser
August 2010
Sinotop Holdings
Berhad
RM60.6 million
Renounceable Rights
Issue
Joint Adviser
August 2010
Multi Sports Holdings
Ltd
RM34.2 million
Renounceable Rights
Issue
Adviser
August 2010
Eduspec Holdings
Berhad
RM2.9 million
Private Placement
Sole Placement Agent
August 2010
Three-A Resources
Berhad
RM41.5 million
Private Placement
Sole Placement Agent
July 2010
MeasatGlobal Berhad
RM662.3 million
IA for the conditional take-over
offer of Measat Global Berhad
23 September 2010
Shin Yang Shipping
Corporation Berhad
Market Capitalisation:
RM1,320 million
Adviser, Managing
Underwriter, Joint
Underwriter, Joint Global Co-
ordinator, Joint Bookrunner
and Joint Lead Manager
June 2010
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 55(Conventional + Islamic)
Ratings upgraded
0
2
4
6
8
2007 2008 2009 2010
A1
AA3
AA2
A2
AA3/P1/Stable
AA3/P1/Stable
AA3/P1/Stable
AA3/P1/Stable
0
2
4
6
8
2007 2008 2009 2010
BBB-
BBB
BBB+
BB+
BB+/B/Stable
BBB-/F3/Stable
BBB/F3/Stable
BB+/B/Positive
0
2
4
6
8
2007 2008 2009 2010
BBB
BBB+
BB+
BBB-BB+/B/Stable
BBB-/A-3/Positive
BB+/B/Stable
BBB-/A-3/Positive
0
2
4
6
8
2007 2008 2009 2010
AA-
AA
AA+
A+
AA-/MARC-1/Stable
AA-/MARC-1/Stable
AA-/MARC-1/Stable
AA-/MARC-1/Positive
0
2
4
6
8
2007 2008 2009 2010
A1
AA3
AA2
A2
A2/P1/Stable
A1/P1/Stable
AA3/P1/Stable
0
2
4
6
8
2007 2008 2009 2010
BBB-
BBB
BBB+
BB+
BBB-/F3/Stable
BBB-/F3/Positive
BBB-/F3/Stable
BBB/F3/Stable
0
2
4
6
8
2007 2008 2009 2010
BBB-
BBB
BBB+
BB+
BBB-/A-3/Stable
BBB-/A-3/Stable
BBB-/A-3/Stable
BBB-/A-3/Positive
0
2
4
6
8
2007 2008 2009 2010
Baa2
Baa1
A3
Baa3
Baa2/P-3/D-Stable
Baa2/P-3/D-Stable
Baa2/P-3/D-Stable
Baa2/P-3/DStable
0
2
4
6
8
2007 2008 2009 2010
BBB-
BBB
BBB+
BB+
BBB-/A3/Stable
BBB-/A3/Stable
BBB-/A3/Positive
BBB-/A3/Positive
A1/P1/Stable
AmBank (M) Berhad AmInvestment Bank Berhad
AmIslamic Bank Berhad
0
2
4
6
8
2007 2008 2009 2010
A1
AA3
AA2
A2
AA3/P1/Stable
AA3/P1/StableA1/P1/
StableA2/P1/Stable
RAM
Fitch
S&P
Moody’s
CapitalIntelligence
RAM
MARC
S&P
Fitch
RAM
#
# : Based on Dec 09
reflected system outlook
#
#
#
negative outlook issued in July 2009 but moved up to stable in December 2009
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 56(Conventional + Islamic)
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
160.0%
May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10
Date
MBB PBB CIMB RHBC AMMB HLFG KLCI Index
Banking sector share price movement / Target price and recommendations
Target Price and Recommendations RM’mil H1FY2011
Share Capital 3,014.2
Reserves 6,821.1
Shareholders’ Equity 9,835.2
Less: Intangible Assets (1,824.9)
NTA 8,010.3
NTA Per Ordinary Share (RM) 2.66
Net Asset Per Ordinary Share (RM)
3.26
Market Price (RM) 5.93
Price to Book, PBV [NTA / Net Asset]
1.82 / 2.23
EPS (sen) – basic, annualised 46.7
Price to earnings, PE 12.71
Dividend (gross sen / share)Interim 6
sen / share
p/q index change at close of 30 September 10 vs 18 May 07
(strategic partnership with ANZ)
30 September 1018 May 07 (strategic partnership with ANZ)
Banking Sector Share Price Movement
Index Movement (May 07 = 100)
Source : Bloomberg
As at 4 November 2010
100% base index
RHBC p + 53.2% (RM7.23)
AMMB p + 51.5% (RM5.93)
CIMB p + 37.3% (RM8.17)
HLFG p + 33.2% (RM9.06)
PBB p + 32.4% (RM12.56)
KLCI Index p + 7.9% (1,463.50)
MBB q – 2.0% (RM8.80)
Index change market price close of 4 November 10 vs. 29 October 10 Buy/Outperform/Overweight/Add
P/EPS : EPS annualized Apr-Mar 10 P/BV : BV as at 30 June 2010
TP: target price CP: weekly average closing priceSell/Underperform/Fully valued/Reduce/Underweight
Hold / Neutral / Market perform
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 57(Conventional + Islamic)
Research Coverage
Research House Analyst
1 Affin Investment Bank Tan Ei Leen
2 Alliance Research Sdn Bhd Soh Meng Hui
3 Bank of America – Merrill Lynch Research Alistair Scarff / Tay Chin Seng
4 BNP Paribas Securities (Singapore) Pte Ltd Ng Wee Siang
5 CIMB Investment Bank Berhad Winson Ng
6 Citi Investment Research Fiona Leong
7 CLSA Securities Malaysia Sdn Bhd Loong Chee Wei
8 Deutsche Bank Malaysia Andrew Hill
9 ECM Libra Investment Research Bernard Ching
10 HLG Research Low Yee Huap
11 HwangDBS Vickers Research Sdn Bhd Lim Sue Lin
12 Inter-Pacific Research Sdn Bhd Sean Liong Cheng Fatt
13 J.P. Morgan Harsh Modi
14 KAF - Seagroatt & Campbell Securities Sdn Bhd Chehan Perera
15 Kenanga Investment Bank Berhad Chan Chee Kin
16 Kim Eng Research Sdn Bhd Yew Chee Yoon
17 Macquarie Capital Securities (Singapore) Pte Ltd Matthew Smith
18 Maybank Investment Bank Berhad Wong Chew Hann
19 MIDF Research Kelvin Ong
20 Nomura Malaysia Sdn Bhd Julian Chua
21 OSK Research Sdn Bhd Keith Wee
22 RHB Research Institute Sdn Bhd David Chong
23 Standard Chartered Bank Natasha Midgley
24 TA Securities Holdings Berhad Wong Li Hsia
25 UBS Securities Malaysia Sdn Bhd Khairul Rifaie
26 UOB Kay Hian Research Pte Ltd Vincent Khoo / Leow Huey Chuen
AMMB Holdings Berhad
RM5.93 30.9.10
RM5.98 52-week HIGH
RM4.34 52-week LOW
Price
Price
performance
AMMB KLCI
1 month +4.8% +2.9%
3 months +18.8% +11.4%
12 months +39.2% +21.8%
24 months +100.3% +43.7%
36 months +38.9% +9.5%
5.4 mil 1 month
5.5 mil 3 months
5.0 mil 12 months
Volume
(daily
average)
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011 58(Conventional + Islamic)
Glossary / Disclaimer of warranty and limitation of liability
Reported PerformanceReported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market
One OffsOne offs comprise those impacts on financial performance that arise from changes to :
• accounting and provisioning policies (eg 5 and 7 year rules)• differences between economic and accounting hedges• prior period catch ups (eg backdated salary costs)• strategic investments and divestments (eg ANZ partnership), and • tax and regulatory regimes (eg deferred tax asset write off due to reduction in corporate tax rates)
Underlying PerformanceUnderlying performance refers to the financial performance adjusted for one off impacts as above
Business SegmentsBusiness segments
• comprise AmBank Group’s core operating businesses that generate profits from direct customer transactions and interactions• have relatively more stable income streams, incur the bulk of the costs and typically have a lower risk profile• in most instances have market shares and growth metrics that can be measured and benchmarked externally
Operating SegmentsOperating segments
• have more volatile and lumpy income streams, with the former a direct function of risk appetite • include
• income and expenses associated with shareholder funds, loan rehabilitation and legacy businesses, plus• costs associated with corporate, shared services and governance functions currently not charged back to the business units
The information provided is believed to be correct at the time of presentation. AMMB Holdings Berhad or AMMB Holdings or “AHB” or its affiliates do not make any representation or warranty, express or implied, as to the adequacy, accuracy, completeness or fairness of any such information and opinion contained and shall not be liable for any consequences of any reliance thereon. Neither AMMB Holdings nor its affiliates are acting as your financial advisor or agent. The individual is responsible to make your own independent assessment of the information herein and should not treat such content as advice relating to legal, accounting, and taxation or investment matters and should consult your own advisers.
Forward looking statements are based upon the current beliefs and expectations of the AMMB Holdings and are subject to signif icant risks and uncertainties. Actual results may differ from those set forth in the forward looking statements. AMMB Holdings does not undertake to update the forward looking statements to reflect impact of circumstances or events that may arise after the date of this presentation.
The information in the presentation is not and should not be construed as an offer or recommendation to buy or sell securitie s. Neither does this presentation purport to contain all the information that a prospective investor may require. Because it is not possible for AMMB Holdings or its affiliates to have r egard to the investment objectives, financial situation and particular needs of each individual who reads the information contained thus the information presented may not be appropriate for all pe rsons.
The information contained is not allowed to be reproduced, redistributed, transmitted or passed on, directly or indirectly, to any other person or published electronically or via print, in whole or in part, for any purpose.
The term "AMMB Holdings" and “AmBank Group” denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and Limitation of Liability policy applies to the financial institutions under AMMB Holdings.
Disclaimer of Warranty and Limitation of Liability
AMBANK GROUP – INVESTOR RELATIONS – PRESENTATION H1FY2011
The material in this presentation is general background information about AmBank Group’s activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor.
These should be considered, with or without professional advice when deciding if an investment is appropriate.
For further information, visit :
www.ambankgroup.com
or contact
Ganesh Kumar Nadarajah
Head, Group Investor Relations
Tel : +603 2036 1435 Fax : +603 2031 7384 e-mail : ganesh-kumar@ambankgroup.com or+6012 2974799 ir@ambankgroup.com
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