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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
March, 2017
2016 Annual Results Presentation
IFRS
Hong Kong/Beijing
1
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Disclaimer
Information contained in this material does not constitute an offer of, or an invitation to purchase
or subscribe for, the securities of the Agricultural Bank of China Limited (the “Company”) in Hong
Kong, the United States or other areas. The securities of the Company has not been registered
under the United States Securities Act of 1933, as amended, and may not be offered and sold in
the United States, unless they are registered under applicable laws or an exemption from the
registration requirements is obtained.
This disclaimer contains statements which are defined as “forward-looking statements” within the
meaning of Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the
U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements are
subject to known and unknown risks, uncertainties and other factors, and are based on the
current expectations, assumptions, predictions and forecasts of the industry in which the
Company currently engages. Unless otherwise required by law, the Company undertakes no
obligation to update any forward-looking statements to reflect any subsequent events or
circumstances, nor does the Company bear any obligation to make any corresponding changes
to its expectations. Although the Company believes that the expectations contained in the
forward-looking statements are reasonable, no assurance can be given by the Company to you
that the Company’s expectations will prove correct in future, and investors should note that
actual results could differ from those expected.
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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Financial Performance
Business Development
Future Outlook
2
3
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Performance Summary
31 Dec 2016 RMB100MM 31 Dec 2015
3
Change
2016 2015
Net Interest Income 3,981 4,361 8.7%
Net Interest Margin (NIM) 2.25% 2.66% 0.41pps
Net Fees and Commissions 909 825 10.2%
Cost-to-income Ratio 34.6% 33.3% 1.3pps
Net Income 1,841 1,808 1.8%
Basic EPS 0.55 0.55 - -
Change
Total Assets 195,701 177,914 10.0%
Loans and Advances 97,196 89,099 9.1%
Total Liabilities 182,485 165,795 10.1%
Deposits 150,380 135,384 11.1%
CET1 Capital Adequacy Ratio 10.38% 10.24% 0.14pps
NPL Ratio 2.37% 2.39% 0.02pps
Provision Coverage 173% 189% 16pps
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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Profitability: Stable Growth in Net Profit
Net Profit
RMB100MM
4
ROAA
ROAE
1,795 1,808 1,841
2014 2015 2016
1.18% 1.07%
0.99%
2014 2015 2016
19.57% 16.79%
15.14%
2014 2015 2016
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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Net Interest Income: Net Interest Income Declined and
Interest Margin Ahead of Peers
Net Interest Income Declined YoY
RMB100MM
Interest Margin Ahead of Peers
2.92% 2.66%
2.34%
6.06% 5.52%
4.51%
1.85% 1.81% 1.47%
2014 2015 2016
Net Interest Margin (NIM) Average Loan Yield
Average Deposit Cost
Daily Average Balance of Interest-bearing Assets
Continued to Grow
RMB100MM
146,974 163,830
176,903
2014 2015 2016
Excluding VAT Impact
4,299 4,361
3,981
2014 2015 2016
5
6
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
48
90 90 100
Bancassurance E-banking
2015 2016
Net Fee and Commission Income: Accelerated Growth
Net Fees and Commissions
RMB100MM
6
Solidified Leading Position in Channel Businesses
Emerging Businesses Maintain High Growth
801 825
909
2014 2015 2016
RMB100MM
100
17
113
26
Wealth Management Precious Metals for Trading
2015 2016
RMB100MM
7
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Costs and Expenses: Keep Declining
Operating Expenses Declined YoY
RMB100MM
7
Cost-to-income Ratio Maintained Stable
Excluding VAT Impact
2,239 2,258
1,970
2014 2015 2016
34.56%
33.28% 33.50%
2014 2015 2016
8
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Asset Quality: Generally Stable with Decreased NPL Ratio
NPL Balance Grew Moderately and NPL Ratio
Decreased Slightly vs. Beginning of This Year
RMB100MM
8
Normal Loan migration ratio Decreased YoY
1,250
2,129 2,308
1.54%
2.39% 2.37%
2014 2015 2016
264 210
256
333 307
730
Recovery Write-off Bulk Transfer
2015 2016
Strict and Prudent Asset Classification Multiple Initiatives to Contain Non-Performing Assets
131%
119%
2015 2016
Overdue Loans / Non-Performing Loans
Decreased 12
Percentage
Points
3.60%
4.96%
3.00%
2014 2015 2016
9
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Provision Coverage: Strong Risk Buffer
Sufficient Loan Provisions
RMB100MM
9
Provision Level Ahead of Peers
287%
189%
173%
4.42% 4.53%
4.12%
2014 2015 2016
Provision Coverage Allowance to Loans
3,581
4,032 4,003
2014 2015 2016
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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Capital Adequacy Ratio: Continues to Meet Regulatory
Requirements
Capital Adequacy Ratio
10
9.09%
10.24% 10.38%
9.46%
10.96% 11.06%
12.82%
13.40% 13.04%
2014 2015 2016
CET 1 Capital Adequacy Ratio Tier 1 Capital Adequacy Ratio Capital Adequacy Ratio
11
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Financial Performance
Business Development
Future Outlook
11
12
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Corporate Banking Business: Stable Development with
Continued Structural Transformation
Corporate Deposits Increased Rapidly
RMB100MM
12
Exposure to High Risk Industries Continued to Drop
44,373 48,218
55,997
2014 2015 2016
RMB100MM
New Loans to Key Projects Increased Significantly
RMB100MM
2,386
3,598
New Loans in 2015 New Loans in 2016
11,600
9,474
2015 2016
Note: Include wholesale, coal, steel and low-end manufacturing industries
SME Loans Grew Faster than Total Loans
RMB100MM
9,749 10,882
12,036
2014 2015 2016
Increased
RMB121.2
Bn YoY
Dropped by
RMB 212.6 Bn
vs. Beginning of
the Year
Note: Key projects are key construction
projects at the national and provincial levels
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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Retail Banking Business: Further Solidified Leading
Position
Growth in Personal Deposits Ahead of Peers
RMB100MM
13
Rapidly Growing Personal Loans
Accelerated Growth of Private Banking Business
74,223 80,656
88,151
47.8% 48.3% 51.5%
2014 2015 2016Personal Deposits Demand Deposit as % of Total Personal Deposits
RMB100MM
10K Users, RMB100MM
23,966 27,279
33,409
2014 2015 2016
4.6
6,374
7
8,184
Contracted Customers Financial Assets of Customers2015 2016
Rapidly Growing Credit Card Business
10K Cards, RMB100MM
5,838
11,540
6,863
13,384
Cards Issued Annual Spending on Credit Card
2015 2016Note: Customers with average daily financial asset balance of >RMB5MM
14
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
County Business: Overall Contribution Continues to Rise
Growth in County Deposits and Loans
RMB100MM
14
Significant Overall Contribution
RMB100MM
Remarkable Achievements in Key Areas Financial Services with Optimized Business Structure
RMB100MM
0 369
2,323 3,366
7,034
2,567 1,676
528
2,746
4,000
9,438
2,176
Farmer Settle-downLoans (New Scope)
Agricultural OperatingEntity Loans
County WaterConservancy
Construction Loans
County AreaUrbanization Loans
Farmer HouseholdLoans (PBOC Data)
County High-RiskIndustry Loans (CountyWholesale, Real Estate,
Steel Industries)2015 2016
28,602 31,783
2015 2016Loans
58,002 64,211
2015 2016Deposits
2016
54%
New County Personal Loans as % of
New Loans of Entire Bank
3.33%
2.91%
County Entire BankInterest Spread of Deposits and Loans
42BPs
Higher
15
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
31.6%
40.3%
0.6%
0.0%
38.6% 30.1%
12.7% 17.0%
4.2% 3.6%
12.3% 9.0%
2015 2016
Government PBOC
Policy Banks Other Financial Institutions
Public Entities Corporates
Increased by
8.7 Percentage
Points
Financial Markets Business: Stable Increase in Total
Investments with Leading Yields
Continuous Growth of Non-restructuring Debt
Securities with Leading Yields
RMB100MM
15
Higher Proportion of Government Debt Securities
28,592
38,851
47,897
4.15% 4.14%
3.74%
2014 2015 2016
Non-restructuring Debt Securities BalanceYield
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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
71,451
23,792
3,183
90,039
28,350
3,721
Assets under Custody Insurance Assetsunder Custody
Pensions
2015 2016
Asset Management Business: Rapid Growth in Both Size
and Revenue
Continuous Expansion in Daily Average Balance of
Wealth Management Business
RMB100MM
16
Rapid Growth in Assets under Custody
11,881 13,491
16,740
2014 2015 2016
RMB100MM
Stable Growth in Wealth Management Revenue
RMB100MM
77
100 113
2014 2015 2016
17
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Internet Finance: Stable Progression with Continued
Improvement in Channel Services
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Rapid Growth in Internet Finance 互联网金融创新试点进展良好 Financial Services Platform
RMB Tn
58.6
6.0
77.1 63.1
14.7
73.2
Mobile Banking andpersonal Online Banking
Transaction Volume
Of which: Mobile BankingTransaction Volume
Corporate Online BankingTransaction Volume (New
Scope)2015 2016
Social Network Platform
140MM Users
4.77MM Users
260MM Users
170MM Users
9.66MM Users
290MM Users
Mobile Banking Users WeChat BankingUsers
Messaging ServiceUsers
2015 2016
E-Commerce Platform
10K Users, RMB100MM2
209.4
314.7
93%
96%
2015 2016E-banking Financial Transactions
% of Electronic Financial Transactions
5.9
7.1
2015 2016
Internet Finance Customers
100MM Users, RMB Tn
14.3 348
15.3
70.3
1470
32.9
e-Agriculture / e-Commerce Platform
Merchants
e-Agriculture / e-Commerce Transaction
Volume
e-Commerce Revenue
2015 2016
18
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
International Business and Comprehensive Operations:
Improved Cross-border Financial Service Capabilities
Key Subsidiaries Progress Steadily
RMB100MM
Enhanced Cross-border Service Capabilities
1,097 1,093
532
906
2015 2016 2015 2016
1,258 1,481
7.8 11.6
2015 2016 2015 2016
Note: Includes ABC-CA Fund Management, ABC International, ABC Leasing, and ABC Life
Total Assets Net Income
Network Coverage in Asia, Europe, North America, Pacific, and Africa
Taipei
London
Frankfurt
Tokyo
New York
Seoul
Singapore
Sydney
Hong Kong
ABC International
ABC Finance
Vancouver
Hanoi
Dubai
Luxemburg
Europe
Asia-Pacific
Americas
China-Congo Bank Africa
Moscow
Operational Entity
In planning and
application
In Planning and
Application
Joint Venture
Representative Office
18
Free Trade Zone Loans (RMB100MM)
Total Assets of Overseas Institutions (US$100MM)
19
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Financial Performance
19
Business Development
Future Outlook
20
chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
6-dimensional Strategy
Future Outlook – Strategic Goal and Implementation Plan
Strategic goal: strive to become a first-class international commercial bank group
with unique operations, efficient services, comprehensive and synergetic functions,
and exceptional value creation capabilities
1 Core 2 Mainstay
3 Positioning
4 Anchor
5 Strength
6 Switch
1 Core:
Build stronger
management
team at different
levels under the
leadership of the
Party
2 Mainstay:
Development of
the business
Development of
the Party
3 Positioning:
Serve Sannong
and enhance
county business
Focus on and
improve urban
business
Leverage group
strength and
achieve higher
returns
4 Anchor :
Risk management
Human resources
Technology
system
Corporate
governance
5 Strength :
Serve real
economy
Case prevention
and risk control
Value creation
Market
competitiveness
Sound and
sustainable
business
6 Switch:
Management
philosophy
Organizational
structure
Profit model
Operational
procedures
Motivation
mechanisms
Business model
20
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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Future Outlook – Business Initiatives for 2017
Focus on supply side reform and improve credit extension
Serve “Sannong” and enhance county business to further improve financial
services quality for “Sannong” business
Strengthen liability business with balanced growth between volume and
price
Solidify existing advantages and expand new businesses for revenue
diversification
Continue to decrease costs by strictly controlling funding costs and
operational costs
Prioritize risk management and focus on asset quality
Enhance compliance measures and build strong business foundation to
ensure sound and efficient operations
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chinafigcsgsgh\ABC\2012 NDR\Presentation\2011年业绩推介_v03_WP.pptx
Thank you!
Q&A
22