Overview of financial results - Standard Bank - Investor Relations

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Standard Bank Group Analysis of financial results for the six months ended 30 June 2013 Deposits (%) SBSA's market share movement (%) 14.9 20.7 24.1 SBSA ABSA Nedbank FirstRand Other 35 30 25 21.2 20 19.1 15 FY09 FY10 FY11 FY12 1H13 Mortgage loans Instalment finance Card debtors Source: BA 900 Other loans and advances Deposits Retail-based deposits (denominated in rands) (%) Corporate-based deposits (denominated in rands) (%) 30 25 20 15 10 5 30 25 20 15 FY09 FY10 FY11 FY12 1H13 FY09 FY10 FY11 FY12 1H13 SBSA ABSA Nedbank FirstRand Other SBSA ABSA Nedbank FirstRand Other 85
Group results in brief Segmental reporting Income statement analysis Balance sheet analysis Capital management Key banking legal entity information Other information and restatements Shareholder information Standard Bank Plc Summarised income statement Change % 1H13 USDm 1H12 USDm FY12 USDm Change % 1H13 Rm Net interest income (>100) (10) 37 59 (>100) (87) 291 509 Non-interest revenue (13) 241 278 511 1 2 200 2 174 4 396 Net fees, commission and revenue sharing agreements (2) 107 109 179 16 981 849 1 538 Net fee and commission revenue (43) 12 21 34 (34) 109 164 290 Revenue sharing and fee agreements with group companies 8 95 88 145 27 872 685 1 248 Trading revenue (11) 134 151 253 3 1 219 1 187 2 180 Other revenue (100) – 18 79 (100) – 138 678 Total income (27) 231 315 570 (14) 2 113 2 465 4 905 Credit impairment (recoveries)/charges (>100) (18) 67 142 (>100) (157) 535 1 224 Income after credit impairments 0 249 248 428 18 2 270 1 930 3 681 Operating expenses (20) 223 279 569 (5) 2 066 2 175 4 899 Staff costs (15) 153 179 354 2 1 419 1 385 3 047 Other operating expenses (30) 70 100 215 (18) 647 790 1 852 Net income/(loss) before restructure charge >100 26 (31) (141) >100 204 (245) (1 218) Restructure charge – – 74 – – 636 Net income/(loss) before disposal of loan portfolio >100 26 (31) (215) >100 204 (245) (1 854) Loss on intra-group disposal of loan portfolio 1 – – (52) – – (446) Net income/(loss) before taxation >100 26 (31) (267) >100 204 (245) (2 300) Taxation >100 5 (1) 21 >100 44 (12) 184 Profit/(loss) for the period >100 21 (30) (288) >100 160 (233) (2 484) Loss for the period from discontinued businesses 2 (>100) (15) (4) (44) (>100) (138) (34) (384) Attributable to ordinary shareholders >100 6 (34) (332) >100 22 (267) (2 868) Headline adjustable items – – (19) – – (157) Headline earnings >100 6 (34) (351) >100 22 (267) (3 025) 1 Eliminated on consolidation of group results. 2 The discontinued businesses are reported as curtailed operations at a group level. 1H12 Rm FY12 Rm Key issues • The restructure at the end of 2012 resulted in lower operating expenses and reduced headcount. • Reduced net interest income earned due to the transfer of the Investment Banking commercial loan portfolio to the SBSA balance sheet. • Difficult market conditions experienced. • Other revenue in the prior period resulted from a revaluation gain on an unlisted equity investment holding. • Final settlement received from a Middle Eastern exposure fully impaired in prior periods. • The remaining loans to customers balance comprised mainly of short-term placements and reverse repurchase agreements with non-banking financial institutions. • Cash deposits held with the Bank of England and forms part of the liquid asset management strategy. • Continued success in exiting the curtailed Asian distressed debt business with the remaining net exposure reduced to USD42 million from USD72 million in December 2012. The total net remaining balance sheet exposure of the group’s curtailed operations was USD81 million (FY12: USD118 million). • Higher loss from discontinued businesses due to costs associated with cash recoveries made on the distressed debt loan portfolios. 86
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Overview of financial results - Standard Bank - Investor Relations

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