Annual Results 2022 Fixed Income Investor Presentation
Fixed Income Investor Presentation
Results
& strategy
|
Results and strategy |
Balance sheet & issuance 
|
Appendix |
We have made good progress but there's so much more we can achieve
|
Transformation journey |
Delivery in 2022 |
Growth and returns |
|||
|
First phase of our strategy execution |
Good set of results |
|
complete |
Revenue growth |
|
Improved financial performance |
|
|
Strong cost discipline |
|
|
Strong foundation |
|
|
Enhanced returns |
|
- Value from international connectivity and customer centricity
- Multiple growth engines
- Strong capital position
- Drive value creation
A reconciliation of reported results to adjusted results can be found on slide 33, where FY22 reported PBT of
2
|
Transformation journey |
||
|
Results and strategy |
Balance sheet & issuance |
Appendix |
Portfolio repositioned: Exited markets and reduced RWAs while reallocating capital towards higher growth and more profitable opportunities
RWA saves in excess of target1
$bn
|
24 |
128 |
||
|
Target: |
|||
|
43 |
>110 |
||
|
61 |
|||
|
2020 |
2021 |
2022 |
2020-22 |
Capital reallocation to
20192022
|
43% |
47% |
Invested in bolt-on acquisitions
Reshaped portfolio with exits
|
US mass market retail |
Planned sale of |
|
Planned sale of |
Planned sale of |
|
business |
|
- 4th largest health insurer in
Singapore post acquisition3
- 14th largest fund house in
India post acquisition4
HSBC Life China
- Increased stake from 50% to 100%
HSBC Qianhai
- Increased stake from 51% to 90%
3
|
Transformation journey |
||
|
Results and strategy |
Balance sheet & issuance |
Appendix |
Broad base of profit generation: We have multiple engines of growth and profitability
Hong
Kong
Mainland
(excluding
(44)% vs. 2019
excl.
+23% vs. 2019
- #1 market share in deposits5, insurance6
- #1
Trade Finance Bank 7 - #1 foreign bank by revenue8
- c.1.3k Pinnacle wealth planners
- Facilitate 9% of
India's exports11 - Facilitate 9% of traded FX12
- PBT >
$100m in 5 out of 6 SEA13 markets - Best Cash Management and Trade Finance bank14
(RFB)
(NRFB)
US
+78% vs. 2019
+181% vs. 2019
+64% vs. 2019
|
#1 Trade Finance Bank7; 26.9% |
|
receivables finance market share16 |
|
7.7% (stock) / 8.9% (gross) market share |
|
in mortgages17 |
|
c.35% of Wholesale client business |
|
booked outside of |
|
Top 3 in EMEA ECM15; #1 in IPO15 |
|
c.65% of wholesale client business |
|
booked outside of the US18 |
|
#1 Trade Finance Bank7 |
|
18.0% RoTE19 |
|
Middle |
|
#1 in Capital Markets (DCM, ECM, |
|
|
Syndicated Loans)15 |
|||
|
East |
+20% vs. 2019 |
#1 underwriter in GSSS bonds15 |
|
+9% vs. 2019
|
8.5% WPB loans market share20 |
|
c.60% of WPB client acquisition |
|
through Wholesale to Personal |
|
referrals21; referrals up 200k net |
|
Red PBT figures relate to FY22 |
4 |
Attachments
Disclaimer
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