FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
APPENDIX 13 | LIMITED EXPOSURE TO COVID-19 MOST IMPACTED INDUSTRIES
■
Exposure to COVID-19 key impacted sectors remains modest at 3.1% of total gross loans
Gross Loans
($MM)
% of
Book
Non-Food / Non-Pharmacy Retailers
Car Dealerships
$551
0.3%
Other Retailers
$476
0.3%
Essential Services Retailers
$454
0.2%
■Increase of 4% QoQ / Typically secured by real estate / Strong recovery in car sales
■Decrease of 6% QoQ / Diversified customer base / Around 20% in apparel
■Decrease of 2% QoQ / Majority of exposure is secured / No loan under moratorium
Hospitality and Entertainment
Entertainment
$440
0.2%
■Decrease of 11% QoQ / 55% in professional sports teams which are 66% IG
Hotels
$380
0.2%
■Increase of 7% QoQ / Remained disciplined in sector / Secured portfolio with conservative LTV and branded assets
Restaurants
$173
0.1%
■Decrease of 8% QoQ / Maintained a low risk appetite for the sector throughout the years / 60% IG
Air Transportation and Aeronautics
Aviation
$472
0.3%
■Increase of 2% QoQ / 17% related to airports and airport operations
Aeronautics
$23
0.0%
Auto and Auto Parts Manufacturing
$196
0.1%
Retail Real Estate
Diversified REITS
$606
0.3%
Commercial Retail
$1,940
1.1%
■Constrained portfolio growth in recent years
■ Primarily IG REITs with good liquidity and continued access to capital markets
■More than 90% with street access / about 50% of leases with essential services tenants
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