Hong Leong Finance : 62nd Annual General Meeting Performance Highlights 2021

62nd Annual General Meeting Performance Highlights 2021

29 April 2022

SME Specialist since 1961

© Copyright 2022 Hong Leong Finance Limited. All Rights Reserved.

Contents

• I. Financial Performance 2021

• II. Balance Sheet Position

• III. Customer Loans and Deposits

• IV. Composition of Loans

• V. Sources of Fund

• VI. Distribution of Dividends

Financial Performance 2021

2021 ($m) 2020 ($m)Y-o-Y (%)
Net interest income	178.0	146.8	21.2
Non interest income	11.4	11.9	(4.1)
Operating income	189.4	158.7	19.3
Operating expenses	(87.4)	(76.3)	14.5
Operating profit before allowances	102.0	82.4	23.7
Allowances	(0.1)	(7.7)	(99.2)
Income tax expense	(17.1)	(10.8)	58.4
Net attributable profit	84.8	63.9	32.7

¢

$

Net attributable profit at $84.8m, grew 32.7% y-o-y, on the back of improved net interest margin driven by stepped-up effort in managing the cost of fund and lower loan loss allowances.

EPS: 18.95 cents (2020: 14.28 cents)

Balance Sheet Position

Dec 2021 ($b)	Dec 2020 ($b)	Y-o-Y (%)
Total Assets	13.0	13.4	(3.1)
Total Liabilities	11.0	11.5	(4.0)
Net Assets	2.0	1.9	2.3
Total Equity	2.0	1.9	2.3

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Balance Sheet remain resilient supported by strong capital and liquidity buffers; Capital Adequacy Ratio and Minimum Liquid Asset Ratio well above regulatory requirements;

Net assets value per share at $4.38 (Dec 2020: $4.29);

Customer Loans and Deposits