Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank (CIB) — FY2013 Earnings Presentation
31 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, February 2014
Slide 1: Commercial International Bank IR presentation Year-end 2013
Commercial International Bank IR presentation Year-end 2013
Slide 2: Disclaimer
Disclaimer This document is the property of CIB and it may contain confidential information solely for use as an investor presentation. It must be treated confidentially by attendees at such presentation and should not be reproduced, redistributed or passed to any other person. The information conta
Slide 3: Agenda
Agenda Macro-Environment About CIB CIB Financial Highlights Consumer Banking Snapshot CIB Strategy Summary and Conclusion
Slide 4: Macro-Environment
Macro-Environment
Slide 5: Egypt Fact Sheet
Egypt Fact Sheet Favorable -Population: 87.8mn* -Median age: 24 Demographics -Private consumption/GDP: 86.17% -Public consumption/GDP: 14.45% -Labor force/population: 32.7%* -Unemployment rate:13.5%¹ (2012) Attractive Growth ‐Nominal GDP: EGP 424,497mn -Historical GDP growth: 4.35% (2005/2013CAGR)²
Slide 6: Macroeconomics Snapshot
Macroeconomics Snapshot GDP Growth (%) Infla:on (%) 8% 20% 18.3% 7.1% 7.2% 6% 15% 5.1% 13.5% 10.3% 11.7% 10% 9.6% 4% 4.7% 1.8% 2.2% 5% 6.9% 2% 2.1% 4.7% 0% 0% 2007 2008 2009 2010 2011 2012 2013 06/07 07/08 08/09 09/10 10/11 11/12 12/13 *GDP at Factor Cost 100% Sovereign Debt FDI (USD mn) 87.1% 15,000
Slide 7: Egyptian Banking Sector Snapshot
Egyptian Banking Sector Snapshot 67% 61% 60% 59% 58% 53% 52% 52% 49% 44% 1,242 900 965 756 820 571 658 497 543 438 293 304 318 344 382 399 427 464 471 546 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 Oct‐13 Total deposits (EGP bn) Total loans (EGP bn) loans to deposits ratio 03/04 04/05 05/
Slide 8: Challenges Facing Egypt
Challenges Facing Egypt Slow improvement in standards of living¹ • UNDP Human Development Index: Score of 0.662, ranking 112/187 • Population Below Poverty Line: 20% Low quality health care services¹ • 4.7% of GDP spent on health care services Lack of educational reforms¹ • 3.8% of GDP spent on educ
Slide 9: About CIB
About CIB
Slide 10: Strategic Milestones
Strategic Milestones Chase Divestiture : First GDR Ripplewood led Strategic Subsidiaries US$ 120M consortium divested half Renamed CIB 22.2% of share capital established to complement of its holdings our core business in CIB to Actis 1975 1987 1993 1994 1995 1996 1997 1998 2006 2009 First Internatio
Slide 11: General Information
General Information CIB’s Stock is listed in the Egyptian Stock Exchange, London Stock Exchange and traded in New York Stock Exchange Shareholding Structure Share Information* Actis 6.50% Shares outstanding 900,243,569 Par value EGP 10.00 GDR Ratio 1:1 Last 52 weeks Hi 33.14 Free Float Last 52 weeks
Slide 12: CI Group Structure
CI Group Structure CAPITAL
Slide 13: CIB's Distribution Network
CIB’s Distribution Network Branch Distribu:on: Cairo: 86 Alex: 22 Delta: 7 Upper Egypt & Red Sea: 18 Sinai & Canal: 20 Total Outlets: 153 Alternate Channel Distribu:on: ATMs: 555 POS: 8,683 On‐line Banking hits per month: N/A Call Center: 182.6k hits per month through Our 24 hours 7 days a week dedi
Slide 14: CIB's Business Segments
CIB’s Business Segments Business Institutional Consumer CI Capital Segments Banking Banking DescripEon • Market leader in Egypt • The take-off for a • Full-fledged world class • The prime Investment consumer banking contributor to Banking arm franchise profitability Focus on • Multinationals and Egy
Slide 15: Corporate Governance
Corporate Governance Commitment to Corporate Importance of Corporate Governance Governance Corporate governance is an issue that rates high on our list of priorities It has been demonstrated over and over that effective corporate CIB’s commitment to maintaining the highest governance in banks standa
Slide 16: Commitment to Corporate Governance
Commitment to Corporate Governance We take pride in our strong corporate CIB was the first Egyptian corporation to governance structures which include establish an Audit Committee in 1998 Experienced team of professional The Board and its committees are governed by executive directors and senior wel
Slide 17: CIB's Board of Directors
CIB’s Board of Directors BODs composition as of 4/3/2014 17
Slide 18: Awards and Recognition
Awards and Recognition Best Bank in Egypt . for the last 17 years Best Foreign Exchange Bank in Egypt - 2013 for the last 10 years sa BEST SUB-CUSTOOIAN Bank in Egypt OIRRAkce for the 5" consecutive year = ga ts, © Foreign Exchange Provider of the Year - 2012 Best Finance Bank in Egypt - 2013 for th
Slide 19: CIB Financial Highlights
CIB Financial Highlights
Slide 20: Performance Snapshot: December 2013
Performance Snapshot: 31 December 2013 Total Assets Net Loans Customer Deposits Shareholders’ Equity EGP 113,607mn EGP 41,720mn EGP 96,846mn EGP 11,960mn Year End 2012: EGP 93,957mn; Year End 2012: EGP 41,877mn; Year End 2012 :EGP 78,729mn; Year End 2012: EGP 10,765mn; +20.91% ‐0.37% +23.01% +11.10%
Slide 21: Historical Performance
Historical Performance 50% 57% 56% 56% 55% 54% 56% 52% 53% 2.90% 3.08% 2.87% 2.89% 2.90 43% 2.48 96.8 2.37% 1.94% 2.09% 2.01% 78.7 113,607 71.5 63.4 48.9 54.8 85,534 93,957 39.5 64,255 75,425 24.9 31.6 47,906 57,462 24.0 27,977 30,389 37,553 14.0 17.5 20.5 26.3 27.4 35.2 41.1 41.9 41.7 13.4 2004 200
Slide 22: Peer Analysis – Q3'013
Peer Analysis – Q3'013 30% 28.35% ROAE ROAA Cost to Income 50.15% 3% 2.54% 21.63% 2.51% 2.43% 50% 19.34% 18.15% 38.97% 40.76% 20% 17.10% 15.72% 1.91% 40% 2% 1.65% 30.62% 1.35% 30% 24.43% 26.89% 10% 20% 1% 10% 0% 0% 0% CAE CIB NSGB HSBC AAIB Alex CAE NSGB CIB AAIB Alex HSBC AAIB CIB NSGB HSBC CAE Ale
Slide 23: CIB Market Shares Trends
CIB Market Shares Trends 8.77% 8.52% 8.58% 8.52% 8.47% 8.45% 8.24% 8.30% 8.32% 8.02% 8.10% 8.32% 7.58% 7.22% 7.75% 7.04% 7.67% 7.48% 7.48% 7.51% 6.70% 7.39% 6.68% 7.23% 7.23% 7.14% 6.89% 6.98% 6.66% 6.62% 6.67% 6.56% 6.38% 6.12% Total Loans Total Deposits • CIB maintained the highest loan market sha
Slide 24: Consumer Banking Snapshot
Consumer Banking Snapshot
Slide 25: Consumer Banking Assets Portfolio Growth
Consumer Banking Assets Portfolio Growth Assets Assets Mix In Millions FY 10 FY 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Balance 3,915 5,175 5,525 6,083 6,599 6,664 7,073 7,210 7,305 7,182 25
Slide 26: CIB Strategy
CIB Strategy
Slide 27: CIB's Future Growth Opportunities
CIB’s Future Growth Opportunities Here is where we stand today … But this is where we will be tomorrow Quality portfolio Product penetration and increase share of Product-centric wallet without risking quality Developed initiatives to instill client Customer-centric solutions focused culture • Offer
Slide 28: Summary and Conclusion
Summary and Conclusion
Slide 29: Why CIB?
Why CIB? CIB is the leading financial institution in Egypt, has been Profitability Asset Quality a key player in the market for more than 30 years • Market leader • NPL/Gross loans 3.96% • NPAT EGP 3bn • Direct Coverage Ratio Strongest brand equity in the • Total revenues EGP 159% Egyptian corporate
Slide 30: Conclusion
Conclusion • Egypt has been a safe haven for investments, given its favorable demographics (1/3 of the population is under 15 years), its diversified economy and implementation of economic reforms that enhanced accessibility • With the revolution of 25th January 2011 and June 30th 2013, we at CIB fe
Slide 31: Thank you
Investor Rela:ons contacts: Sherif Khalil Head of IR Sherif.khalil@cibeg.com Yasmine Hemeda IR Senior Analyst Yasmine.Hemeda@cibeg.com Nelly El Zeneiny IR Analyst Nelly.elzeneiny@cibeg.com Thank you For more informaEon, please visit www.cibeg.com To read about the projects that the CIB FoundaEon has
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