Investor Presentaiton
HSBC Mexico financial performance
Reported financial performance 1Q20 - Mexico GAAP
Revenue 1,2,3,4,5
MXNM
Loan impairment charges and other credit risk
provisions 3,4,5
-21%
+7%
+26%
+4%
11,890
12,407
11,078
9,464
8,806
Mar16
Mar17
Mar18
Mar19
Mar20
Operating expenses
MXN M
+3%
+3%
+10%
+3%
6,684
6,904
5,722
5,866
6,051
Mar16
Mar17
Mar18
Mar19
Mar20
MXN M
(-62%
-5%
+29%
(+28%
4,809
2,906
2,263
1,846
1,754
Mar17
Mar18
Mar19
Mar20
Mar16
Profit before tax²
MXNM
+99%
+51%
+76%
-12%
2,958
2,616
1,677
1,108
557
Mar16
Mar17
Mar18
Mar19
Mar20
Source: HSBC Mexico 1Q20 press release. Figures under Mexico GAAP
1.
Revenue refers to Total Operating Income excluding Loan impairment charges
2.
March 2019 figures includes MXN 1,296m of gain in sale of 50% of the joint venture booked in January 2019
PUBLIC
10
3.
March 2016 reported income, includes the reversal of previous year excess loan impairment reserves.
4.
5.
From March 2018 onwards, the reversal of previous years excess reserves is reported in Loan impairment charges, following a change regulations.
March 2017 reported income was MXN 9.126m. which included the reversal of previous years reserves in Other income. For comparison purposes. MXN 320m was reclassified to Loan impairment charges.View entire presentation