Full Year 2022 Standard Chartered PLC Earnings Call Transcript - Thomson StreetEvents

Full Year 2022 Standard Chartered PLC Earnings Call Transcript

Full Year 2022 Standard Chartered PLC Earnings Call Transcript - Thomson StreetEvents
Full Year 2022 Standard Chartered PLC Earnings Call Transcript
Published Feb 16, 2023
22 pages (17910 words) — Published Feb 16, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of STAN.L earnings conference call or presentation 16-Feb-23 8:00am GMT

  
Brief Excerpt:

...Good morning and good afternoon, everybody, and thank you for joining us at today's results presentation. We delivered a strong set of results for 2022 and what has been another difficult year for the world on many fronts. And we posted full year income of over $16 billion, our highest since 2014, up 15% on a constant currency basis, excluding DBA and we've exited 2022 strongly with the fourth quarter income up 26%. Operating profit before tax of $4.8 billion for the year was up 15%, and our return on tangible equity of 8% was our best since 2014 and the solid growth was despite the challenges related to sovereign downgrades and China real estate. We're increasing the total full year dividend by 50% to $0.18 per share and announcing a new share buyback of $1 billion to start imminently. This takes a total of our shareholder distributions announced in the last 12 months to over $2.8 billion, with the aim of returning in excess of $5 billion to shareholders by 2024. Even after the distributions...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Standard Chartered PLC
Ticker
STAN.L
Time
8:00am GMT
Format:
PDF Adobe Acrobat
Buy Now

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Thomas Andrew John Rayner - Numis Securities Limited, Research Division - Analyst : Thanks for the update on your strategic actions. I'm just wondering could you pinpoint exactly what sort of change that's given you the confidence now to increase the guidance for the 2024 RoTE. If I look at your NIM guidance, it doesn't really seem to have changed a lot from what you were looking at previously. If I adjust for the trading book changes, you might even say that it is slightly softer in 2024 than that chart that you showed us last time. No change in your ECL guidance and no real update on the cost still the $1.3 billion sort of cost efficiency target in place. So, my question is really, is it non-interest income? Is that where you are now feeling much more positive or maybe is the more that you're seeing on balance sheet management that you can do? I'm just trying to get a sense of why now to push the RoTE target for 2024.

Question: Thomas Andrew John Rayner - Numis Securities Limited, Research Division - Analyst : Okay. And I'm assuming that the reclassification of the disposal businesses doesn't have a big impact on RoTE?

Table Of Contents

Standard Chartered PLC Presents at Bank of America 28th Annual Financials CEO Conference, Sep-19-2023 02:45 PM Transcript – 2023-09-19 – US$ 54.00 – Edited Transcript of STAN.L presentation 19-Sep-23 2:45pm GMT

Half Year 2023 Standard Chartered PLC Earnings Call Transcript – 2023-07-28 – US$ 54.00 – Edited Transcript of STAN.L earnings conference call or presentation 28-Jul-23 7:00am GMT

Standard Chartered PLC at Goldman Sachs European Financials Conference Transcript – 2023-06-15 – US$ 54.00 – Edited Transcript of STAN.L presentation 15-Jun-23 9:45am GMT

Standard Chartered PLC Q1 2023 Earnings Call Transcript – 2023-04-26 – US$ 54.00 – Edited Transcript of STAN.L earnings conference call or presentation 26-Apr-23 7:00am GMT

Standard Chartered PLC at Morgan Stanley European Financials Conference Transcript – 2023-03-15 – US$ 54.00 – Edited Transcript of STAN.L presentation 15-Mar-23 4:00pm GMT

Standard Chartered PLC CPBB Affluent Client Business Investor Event Transcript – 2022-11-22 – US$ 54.00 – Edited Transcript of STAN.L conference call or presentation 22-Nov-22 8:00am GMT

Standard Chartered PLC Q3 2022 Earnings Call Transcript – 2022-10-26 – US$ 54.00 – Edited Transcript of STAN.L earnings conference call or presentation 26-Oct-22 7:00am GMT

Standard Chartered PLC at Bank of America Banking & Insurance CEO Conference Transcript – 2022-09-22 – US$ 54.00 – Edited Transcript of STAN.L presentation 22-Sep-22 2:45pm GMT

Half Year 2022 Standard Chartered PLC Earnings Call Transcript – 2022-07-29 – US$ 54.00 – Edited Transcript of STAN.L earnings conference call or presentation 29-Jul-22 7:00am GMT

Standard Chartered PLC Financial Markets Investor Event Transcript – 2022-06-14 – US$ 54.00 – Edited Transcript of STAN.L corporate analyst meeting</ 14-Jun-22 8:00am GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "Full Year 2022 Standard Chartered PLC Earnings Call Transcript" Feb 16, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2022-Standard-Chartered-PLC-Earnings-Call-T15442316>
  
APA:
Thomson StreetEvents. (2023). Full Year 2022 Standard Chartered PLC Earnings Call Transcript Feb 16, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2022-Standard-Chartered-PLC-Earnings-Call-T15442316>
  
US$ 54.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.