Financial Performance - Revenue increased by 18% year-on-year to 33 billion, with a pre-tax profit rise of 29%[3] - Q2 2023 revenue rose 20% to 46 billion, with a 24% increase on a constant currency basis[3] - Pre-tax basic profit reached HKD 33 billion, up 29% on a constant currency basis, marking the highest level since 2015[4] - Operating income for the six months ended June 30, 2023, was $8,951 million, a 14% increase from $7,859 million in the same period last year[5] - The group’s pre-tax operating profit increased by 29% year-on-year to HKD 3.3 billion, with revenue growth of 18% on a constant currency basis[21] - The company reported a strong financial performance for the first half of 2023, with a basic net interest income of HKD 4,777 million, a 29% increase from HKD 3,694 million in the same period of 2022[19] - The company reported a pre-tax profit of 3,306 million, with corporate banking at 2,915 million and personal banking at 1,373 million[37] Shareholder Returns - Tangible shareholder return for Q2 2023 was 12.1%, up 4 percentage points year-on-year[3] - The company announced a new share buyback plan to return an additional 1 billion to shareholders[3] - The company announced a 50% increase in interim ordinary share dividends, amounting to HKD 1.68 billion[4] - The group announced an interim ordinary share dividend of HKD 0.06 per share, a 50% increase from the previous period, alongside a new HKD 1 billion share buyback plan[21] - The company announced a further share buyback of $1 billion, continuing its commitment to return capital to shareholders[7] - The company announced a share buyback of 1 billion, contributing to a total shareholder return of 3.9 billion since the beginning of 2022[15] Customer Loans and Deposits - Customer loans and advances decreased by 3% to 2.9 trillion since March 31, 2023[3] - Customer deposits increased by 2% to 4.7 trillion since March 31, 2023[3] - Customer loans and advances amounted to HKD 2,900 billion, a decrease of HKD 210 billion or 7% since December 31, 2022[4] - Customer deposits increased to HKD 4,700 billion, up HKD 80 billion or 2% since December 31, 2022[4] - Customer loans and advances decreased by 7% to $290,137 million from $310,647 million year-on-year[5] - The net customer loans and advances as of June 30, 2023, were 290.14 billion, a decrease of 3% from March 31, 2023[28] Credit and Impairment - Credit impairment charges were 1.46 billion, up 80 million year-on-year[3] - Credit impairment decreased by 35% to $172 million from $264 million year-on-year, contributing to a pre-tax profit increase of 29% to $3,306 million[5] - Credit impairment charges totaled 172 million, with corporate banking at 69 million and personal banking at 108 million[37] - Credit impairment charges for the first half of 2023 amounted to 1.72 billion, a decrease of 35% year-on-year[27] - The annualized loan loss rate increased by 12 basis points to 2.6% for the first half of 2023[28] Operating Expenses and Efficiency - Total expenses increased by 8% year-on-year to HKD 55 billion, with a 12% rise on a constant currency basis[4] - The cost-to-income ratio improved to 61.5%, down from 64.9%, reflecting a 345 basis points reduction[5] - Operating expenses increased by 8%, with a 12% rise on a constant currency basis, attributed to strategic investments in wealth management and sustainable finance[21] - The cost-to-income ratio was highlighted as a key performance indicator, reflecting the total operating expenses relative to total operating income[70] Market and Business Growth - The company expects revenue growth of 12-14% on a constant currency basis for 2023[4] - The company reported that 19 markets achieved record revenue in the first half of the year, with 17 markets also reaching record profits[7] - Cross-border income from corporate, commercial, and institutional banking increased by 44% in the first half of the year, with a notable 59% growth in China[8] - The affluent client business generated a net new fund inflow of 13 billion, more than doubling compared to the same period last year[8] - Approximately 450,000 new customers were acquired in the retail banking sector, with an additional 100,000 customers upgraded to affluent status[8] Risk Management and Regulatory Compliance - The company actively monitors sovereign risks in emerging markets, particularly in Pakistan, Zambia, and Sri Lanka, with ongoing debt restructuring efforts noted[72] - The company is enhancing its digital asset risk management capabilities, recognizing the importance of emerging regulations and risk assessments[74] - The company is closely monitoring regulatory developments related to sustainable finance and ESG risk management to provide feedback through industry groups[95] - The company is conducting thematic stress tests and portfolio reviews to assess the impact of extreme but plausible events on its investments[93] Future Outlook - The outlook for 2023 has been raised, with expected tangible shareholder return reaching 10%[3] - The company aims for tangible shareholder equity returns of 10% in 2023 and over 11% in 2024, with continued growth expected thereafter[18] - The company plans to maintain flexibility within the common equity tier 1 capital ratio target range of 13-14%[36] - The company is positioned as a leading offshore RMB business bank and a major USD settlement bank in New York, capitalizing on strong ties with active markets[17]

Financial Performance - Operating income for the basic benchmark was $16.255 billion, representing a 15% increase year-on-year[4]. - Pre-tax profit for the basic benchmark was $16.318 billion, reflecting a 16% year-on-year growth[4]. - Total operating income for the year reached $16.255 billion, with a basic benchmark of $16.318 billion[21]. - The group reported a 15% increase in revenue to $16.3 billion, marking the best performance since 2014[40]. - In 2022, the company achieved a revenue growth of 15% to over $16 billion, the highest since 2014, with approximately half of the growth coming from core business expansion[51]. - The pre-tax profit increased by 15% year-on-year to $4.8 billion, despite challenges in the wealth management sector[51]. - The company reported a 31% increase in pre-tax operating profit to $4.1 billion, primarily due to revenue growth[162]. - Basic operating income rose by 19% to $10.045 billion, benefiting from interest rate increases and strong macro trading activity in financial markets[162]. Shareholder Returns - Total shareholder return increased by 41%, up 43 percentage points[4]. - The total dividend was increased by 50% to $0.18 per share, with a new share buyback plan of $1 billion announced[40]. - The tangible shareholder equity return reached 8%, with a target to increase it to nearly 10% in 2023 and over 11% in 2024[51]. - The company aims to provide at least $5 billion in tangible shareholder returns by the end of 2024[40]. - Over $5 billion will be sustainably distributed to shareholders from 2022 to 2024, compared to $2.8 billion in 2022[92]. Capital and Liquidity - The common equity tier 1 capital ratio reached 14.0%, at the top end of the target range of 13-14%[4]. - The group has a strong liquidity position and robust capital levels, with asset quality remaining high[40]. - The common equity tier 1 capital ratio was 14.0%, positioned at the high end of the target range of 13-14%[47]. - The common equity tier 1 capital ratio reached 14%, at the top end of the group's target range of 13-14%[100]. Sustainability and Social Responsibility - The bank has achieved 85.7% of its sustainability goals, an increase of 2.8 percentage points[4]. - The company facilitated sustainable financing of $23.4 billion in 2022, aiming for $30 billion by 2030[41]. - The company is committed to achieving net-zero financing emissions by 2050, supporting a fair transition[41]. - The company aims to promote $300 billion in sustainable financing by 2030, having already facilitated $48 billion in the past 21 months[58]. - The company is committed to achieving net-zero emissions and enhancing community participation as part of its strategic focus[118]. Market Presence and Customer Base - The bank serves over 10 million personal and small business customers, focusing on affluent and emerging affluent clients in rapidly developing cities[15]. - The Asia region generated $11.213 billion in operating income, contributing the highest revenue, followed by Africa and the Middle East at $2.606 billion[22]. - The group operates in 59 markets and serves clients in an additional 64 markets, focusing on high-growth emerging markets[28]. - Trust Bank in Singapore attracted 450,000 customers within the first five months of its launch[41]. - Mox bank achieved a customer base of over 400,000, doubling year-on-year, with an average of 3.1 products per customer[180]. Strategic Initiatives and Innovation - The company continues to invest in digital and sustainable business capabilities to drive sustainable growth[58]. - The company aims to become a leading digital banking platform by 2025, focusing on four strategic priorities: network business, affluent client business, mass retail banking, and sustainability[118]. - The company has established new digital partnerships in China, India, and Vietnam to enhance banking experiences for small businesses[100]. - The company plans to achieve 50% of its revenue from new business through a three-pronged innovation approach, including digital transformation and establishing new business models[120]. - The company launched Trade Track-It, a digital trade transaction portal, allowing customers to view their global trade transactions end-to-end[148]. Economic Outlook and Challenges - The global GDP growth slowed to approximately 3.4% in 2022, down from 6.0% in 2021, primarily due to rising inflation and tightening monetary policies[66]. - Global growth is expected to weaken to 2.5% in 2023, with the US projected to contract by 0.2% and the UK by 0.5%[68]. - Inflationary pressures and a tight labor market may lead to stagflation becoming a primary concern for central banks in the coming quarters[69]. - The tightening of monetary policy in 2022 is expected to have a delayed impact, with several central banks likely to raise interest rates further[79]. - The US and Eurozone are facing high risks of economic contraction in the first half of 2023, with significant declines in growth anticipated due to high inflation and central bank tightening measures[79].

Standard Chartered PLC (OTCPK:SCBFF) Q1 2023 Earnings Conference Call April 26, 2023 3:00 AM ET Company Participants William Winters - CEO Andrew Halford - CFO Gregg Powell - Investor Relations Conference Call Participants Guy Stebbings - BNP Paribas Joseph Dickerson - Jefferies Alastair Ryan - Bank of America Perlie Mong - KBW Aman Rakkar - Barclays Andrew Coombs - Citi Robert Noble - Deutsche Bank Thomas Rayner - Numis Gurpreet Sahi - Goldman Sachs Operator Good day, and welcome to the Standard Chartered ...

Financial Performance - Operating income reached $16.255 billion, representing a 15% increase on a basic basis [4] - The return on tangible equity was 8.0%, an increase of 120 basis points on a basic basis [4] - The common equity tier 1 capital ratio stood at 14.0%, at the top end of the target range of 13-14% [4] - Total shareholder return increased by 41%, up 43 percentage points [4] - The company reported a 15% increase in revenue to 16.3 billion, the best performance since 2014, with a pre-tax basic profit also rising by 15% to 4.8 billion [41] - The tangible shareholder equity return increased to 8%, up 120 basis points year-on-year, with a target to exceed 11% by 2024 [41] - The total dividend has been increased by 50% to 18 cents per share, with a new share buyback plan of 1 billion announced [41] - The pre-tax profit increased by 15% to $4.8 billion, demonstrating effective strategy execution and improved shareholder returns, with a tangible equity return of 8% [53] - The company aims to increase tangible equity returns to nearly 10% in 2023 and over 11% in 2024, while also planning to return at least $5 billion in capital to shareholders by the end of 2024 [53] - The company achieved a positive income-to-cost growth differential of 6% in 2022, with a target of approximately 3% for 2023 and 2024 [54] Market Presence and Strategy - The bank serves over 10 million personal and small business customers, focusing on affluent and emerging affluent clients in rapidly developing cities [16] - The company operates in 21 markets in Asia, with Hong Kong and Singapore being the highest revenue contributors [23] - The company operates in 59 markets and provides services to an additional 64 markets [29] - The company aims to connect high-growth emerging markets in Asia, Africa, and the Middle East with developed economies in Europe and the Americas [40] - The company is focused on three strategic positions: accelerating zero emissions, reshaping globalization, and enhancing community engagement, aligning with its long-term business strategy [54] - The company is targeting high-return and high-growth markets to expand its international banking network [135] Sustainable Development and Innovation - The bank achieved 85.7% of its sustainable development goals, an increase of 2.8 percentage points [5] - The company facilitated sustainable financing of $23.4 billion in 2022, aiming for $30 billion by 2030 [42] - The company aims to achieve net-zero financing emissions by 2050, supporting a fair transition without hindering growth in emerging markets [42] - The company is committed to achieving net-zero emissions in operations by 2025 and in financing by 2050, with a roadmap approved by shareholders [60] - The company has implemented a sustainable development director role to enhance its response to climate challenges and opportunities [60] - The company is focused on supporting small and medium enterprises through digital channels and enhancing access to loans in Kenya [81] - The company promotes innovation and investment in disruptive financial technologies, with over 30 venture capital firms, including two cloud-native digital banks [86] Customer Engagement and Digital Banking - Trust Bank, launched in partnership with FairPrice Group in Singapore, attracted 450,000 customers within the first five months [42] - The company launched a digital bank, Trust, in Singapore and expanded its venture capital reporting structure to enhance transparency in technology and innovation investments [94] - Mox, a digital bank, achieved a customer base of over 400,000, doubling year-on-year, with an average of 3.1 products per customer [184] - The customer satisfaction index improved to 48.1% in 2022, up from 43.1% in 2021 [98] - The online application for retail products increased from 38% in 2020 to 48% by the end of 2022 [175] - The company introduced Trade Track-It, a digital trade transaction portal for real-time visibility of global trade transactions [155] Economic Outlook and Challenges - The global GDP growth slowed to approximately 3.4% in 2022, down from 6.0% in 2021, primarily due to rising inflation and tightening monetary policies [68] - Global growth is expected to slow to 2.5% in 2023, with the US projected to contract by 0.2% and the UK by 0.5% [70] - The tightening of fiscal policies in many economies may hinder growth, as public debt remains high and government deficits persist [71] - Emerging markets face long-term growth threats from rising nationalism and protectionism, although digital transformation may provide some offsetting benefits [71] - The economic recovery in Sub-Saharan Africa is expected to be moderate, with inflation pressures from rising food and fuel prices [81] - The U.S. economy faces a high risk of contraction in the first half of 2023, while the Eurozone is projected to experience a sharp decline in annual growth due to high inflation and central bank tightening measures [81] Governance and Corporate Culture - The board has welcomed four new independent non-executive directors in 2022, enhancing diversity and governance [48] - The company emphasizes continuous improvement and innovation as part of its corporate culture [24] - The company is committed to enhancing community engagement and reshaping globalization as part of its strategic focus [1]

Standard Chartered PLC (OTCPK:SCBFF) Q4 2022 Results Conference Call February 16, 2023 3:00 AM ET Company Participants William Winters - CEO Andrew Halford - CFO Conference Call Participants Joseph Dickerson - Jefferies Andrew Coombs - Citi Alastair Ryan - Bank of America Omar Keenan - Credit Suisse Fahed Kunwar - Redburn Rob Noble - Deutsche Bank Tom Rayner - Numis Perlie Mong - KBW Aman Rakkar - Barclays William Winters Good morning and good afternoon, everybody, and thank you for joining us at today's re ...

Standard Chartered PLC (OTCPK:SCBFF) Q3 2022 Earnings Conference Call October 26, 2022 3:00 AM ET Company Participants | --- | --- | |-----------------------------------------------------------------------------------|-------| | | | | Bill Winters – Group Chief Executive Andy Halford – Group Chief Financial Officer | | | Conference Call Participants | | | Joseph Dickerson – Jefferies | | | Robert Noble – Deutsche Bank | | | Aman Rakkar – Barclays | | | Tom Rayner – Numis | | | Omar Keenan – Credit Suisse | ...

CONFIDENTIAL 3Q'22 Results Presentation 26 October 2022 andard nartered CONFIDENTIAL 2 Opening remarks • A strong performance in 3Q'22 → Introduction Income Markets Expenses Risk Capital Conclusion o Total income up 22% at constant currency (ccy) on a normalised basis1… o … the fifth consecutive quarter of year-on-year growth o 10% positive income-to-cost jaws (ccy) o Profit before tax up 35% (ccy) o Return on tangible equity of 10.1% 3Q'22 Summary • Capital remains strong with CET1 ratio at 13.7%, in the u ...

Financial Performance - Standard Chartered reported a significant increase in revenue, reaching $8.5 billion for the first half of 2022, representing a 10% year-over-year growth[1]. - The bank's operating profit before tax was $2.5 billion, up 15% compared to the same period last year[1]. - Revenue increased by 10% year-on-year for the first half of 2022, with a quarterly increase of 11% in Q2[2]. - Operating income for the first half of 2022 was HKD 8,200 million, an increase of 8% compared to HKD 7,618 million in the same period of 2021[3]. - Profit before tax increased to HKD 2,772 million, representing an 8% growth compared to HKD 2,559 million in the same period last year[15]. - Basic operating income rose to HKD 48.77 billion, primarily due to macro business revenue growth in financial markets and positive impacts from interest rate hikes on cash management margins[35]. Customer Deposits and Loans - Customer deposits grew by 5% to $200 billion, indicating strong customer confidence and retention[1]. - The bank's loan book expanded by 7%, totaling $150 billion, driven by increased demand in Asia and Africa[1]. - Total customer loans and advances amounted to 298,728 million, a decrease of 1% from 301,066 million in the previous quarter[23]. - Net customer loans and advances stood at 293,508 million, down 1% from 295,785 million in the previous quarter[23]. Cost Management and Efficiency - Standard Chartered's cost-to-income ratio improved to 55%, down from 58% in the previous year, reflecting better operational efficiency[1]. - The cost-to-income ratio improved by 2 percentage points to 72% in personal, private, and SME banking, with total expenses reduced by $98 million[2]. - The cost-to-income ratio for personal, private, and SME banking decreased by 2 percentage points to 72%[7]. - The cost-to-income ratio improved to 64.3% in the first half of 2022, down from 66.8% in the first half of 2021, indicating enhanced operational efficiency[62]. Risk Management - The bank's non-performing loan (NPL) ratio remained stable at 1.5%, indicating effective risk management practices[1]. - Credit impairment charges were $267 million, up $314 million year-on-year, with a quarterly decrease of $133 million in Q2[2]. - The annualized loan loss rate was 15 basis points, lower than the group's mid-term guidance of 30 to 35 basis points[23]. - The third stage coverage ratio increased to 61%, up 3 percentage points from 58% at the end of the previous year[24]. Capital and Shareholder Returns - The bank's capital adequacy ratio stood at 16%, well above regulatory requirements, ensuring a strong financial position[1]. - The common equity tier 1 capital ratio stands at 13.9%, with a new share buyback program of $500 million announced[2]. - The bank plans to return over HKD 5 billion in capital to shareholders over the next three years[4]. - The company plans to return over $5 billion to shareholders over the next three years, having completed $750 million in share buybacks this year[9]. Strategic Initiatives - The bank plans to invest $1 billion in technology and digital transformation over the next three years to enhance customer experience[1]. - Standard Chartered is exploring potential acquisitions in emerging markets to bolster its growth strategy[1]. - The company is investing $50 million in onshore and offshore business capabilities as part of a $300 million three-year investment plan[8]. - The group aims to achieve net-zero emissions by 2050, with a mid-term target set for 2030 in the most carbon-intensive sectors, supported by a funding commitment of $300 billion[64]. Market and Economic Outlook - The group is closely monitoring the impact of geopolitical tensions on its business, including stress testing scenarios related to global trade and economic growth slowdown[75]. - The ongoing Russia-Ukraine war has become a major issue, influencing multiple emerging and localized risks, with potential impacts on global order and geopolitical aggression[74]. - China's economic downturn and zero-COVID policy are expected to negatively impact global supply chains and GDP forecasts for 2022, particularly affecting sectors like real estate and technology[76]. Digital Transformation and Innovation - The company is focusing on digitalization and technology development as key agenda items to adapt to new business developments and asset classes[64]. - The company is enhancing its digital capabilities in personal, private, and SME banking, particularly in account opening, sales, and marketing[79]. - The company has launched the Future Workplace Now (FWN) hybrid working model, covering 68% of the group across 28 markets[80].

Standard Chartered PLC (OTCPK:SCBFF) Q2 2022 Earnings Conference Call July 29, 2022 3:00 AM ET Company Participants Bill Winters - Chief Executive Officer Andy Halford - Chief Financial Officer Conference Call Participants Joseph Dickerson - Jefferies Omar Keenan - Credit Suisse Tom Rayner - Numis Fahed Kunwar - Redburn Robin Down - HSBC Alastair Ryan - Bank of America Nick Lord - Morgan Stanley Perlie Mong - KBW Aman Rakkar - Barclays James Invine - Societe Generale Bill Winters Good morning, and good afte ...

Financial Data and Key Metrics Changes - Profit before tax increased by 5% year-on-year, driven by a 9% growth in top line revenue and a record performance in Financial Markets, alongside a return on tangible equity of 11.1% [2][12] - Income at constant currency, excluding DVA, rose by 9%, with net interest income up by 10% or approximately $140 million compared to Q1 2021 [15][30] - Credit impairments totaled $200 million, primarily due to exposures in China commercial real estate and the sovereign downgrade of Sri Lanka [16][36] Business Line Data and Key Metrics Changes - In the Corporate Commercial and Institutional Banking (CCIB) segment, income return on risk-weighted assets improved by over 1% to 6.4% [3] - The Consumer Private and Business Banking segment added over 98,000 new mass retail partnership clients, with a goal to reduce the cost-income ratio below 60% [4] - Wealth Management income decreased by approximately $100 million or 17%, impacted by weak investor sentiment and COVID restrictions in Asia [25] Market Data and Key Metrics Changes - In the China-ASEAN trade corridor, network income grew by 35% year-on-year, indicating strong performance despite challenges [5] - Trade income increased by 6% year-on-year, with trade assets surpassing pre-pandemic levels [24] - Cash management income rose by 5% year-on-year, benefiting from the rising interest rate environment [24] Company Strategy and Development Direction - The company is refocusing resources in Africa and the Middle East towards larger markets like Saudi Arabia and Egypt, while exiting seven smaller markets [7] - A new client segment, Ventures, has been introduced to consolidate digital banking initiatives, with plans for further updates on digital initiatives [9] - The company aims to achieve at least a 10% return on tangible equity by 2024, with ongoing efforts to optimize risk-weighted assets [2][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating a challenging environment, citing strong financial performance and resilience despite geopolitical tensions and inflation [12][14] - The outlook for income growth in 2022 is expected to slightly exceed the previously guided range of 5% to 7% due to strong Q1 performance and rising interest rates [29][45] - Management remains cautious about the wealth management segment due to ongoing market challenges, particularly in China [29][60] Other Important Information - The company is approximately 80% through its $750 million share buyback program, targeting total shareholder returns exceeding $5 billion over the next three years [6] - A three-year $1.3 billion expense reduction program is underway, with $72 million in gross structural savings achieved in Q1 [5][35] - The company remains committed to achieving net zero in financed emissions by 2050, with specific targets for coal financing and oil and gas emissions [10][11] Q&A Session Summary Question: Potential for Reloading Buyback - Management indicated that the strong capital position and progress on risk-weighted assets may allow for a reload on the buyback at mid-year, depending on opportunities [48][50] Question: Revenue and Margin Guidance - Management acknowledged the potential for revenue upgrades but maintained a cautious outlook due to global uncertainties, emphasizing the importance of monitoring economic conditions [52][54] Question: Revenue Expectations and Currency Adjustments - Management suggested that revenue expectations should consider the previous year's performance, with currency effects generally offsetting each other [65][68] Question: Permanence of Risk-Weighted Asset Gains - Management expressed confidence in the sustainability of risk-weighted asset optimization efforts, although they acknowledged potential risks from the China real estate sector [70][74] Question: Loan Growth and RWA Control - Management indicated that loan growth is expected to be in the low to mid-single-digit range, with RWA control remaining a priority [78][80] Question: Credit Quality Concerns - Management reassured that they are closely monitoring credit quality, particularly in China, and feel appropriately provisioned against risks [84][87]