Investor Presentaiton
APPENDIX 5 | US SPECIALTY FINANCE & INTERNATIONAL
ABA Bank
Cambodia:
Limited health impacts with no COVID-19 related
casualties to date
Slowing economic growth with manufacturing and
tourism sectors most impacted
Continued growth, at a slower pace:
-
Revenues up 4% QoQ
11 branch openings YoY, resulting in higher expenses
Solid credit position:
-
Prudent provisioning approach historically
Portfolio 98% secured
Loan deferrals representing 6% of portfolio (interest
paid on 95% of deferrals; LTV of 36% on deferrals)
Tax incentive of $20M to support bond listing on the
Cambodia Securities Exchange
Expect modest earnings growth in F2020
Credigy
Lower revenues reflecting mark-to-market portfolio value
adjustments
Higher PCLs due to revision of macroeconomic factors
Diversified book, well positioned to limit downside
impact of COVID-19 stress
Maintaining disciplined growth strategy going forward
Flat earnings expected in F2020
($MM)
Q2 20
Q1 20
Q2 19 QoQ
YOY
Revenues
183
195
178
(6%) 3%
Credigy
82
98
107
(16%) (23%)
ABA
99
95
69
4%
43%
Other
2
2
2
Operating Expenses
82
78
74
5%
11%
Credigy
34
36
42
(6%)
(19%)
-
ABA
47
41
31
15%
52%
Other
1
1
1
"
Provision for Credit Losses
32
10
14
220%
129%
Credigy
24
7
12
243%
100%
ABA
8
3
2
167% 300%
Net Income
74
85
72
(13%)
3%
Credigy
19
43
42
(56%)
(55%)
ABA
54
41
29
32%
86%
■
Other
1
1
1
◉
Other Metrics ($MM)
Q2 20 Q1 20
Q2 19
QoQ
YOY
Loans (avg vol.)
7,718 6,413
6,108
20%
26%
Credigy
Loans (avg vol.)
4,015
3,467
2,603
16%
54%
ABA
Deposits (avg vol.)
4,813
4,373 3,238 10%
■
49%
ABA
Efficiency Ratio (%)
44.8%
40.0% 41.6% +480 bps +320 bps
Number of Branches
77
77
66
ABA Bank
17%
■
25
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