Guaranty Trust Holding Company Plc · NSENG:GTCO
Guaranty Trust — H1 2025 Earnings Presentation
58 slides from Guaranty Trust's earnings presentation, June 2025
Slide 1: HY 2025 Investor Presentation
HY 2025 Investor Presentation Proudly African, Truly International Banking Fund Managers Pension Managers Payments
Slide 2: Outline
01 Outline The GTCO Story 02 Group Performance Highlights 03 Operating Environment 04 Business Areas Review 05 Non-Financial Highlights 06 Guidance & Plans 07 Appendix
Slide 3: The GTCO Story
= The GTCO Story
Slide 4: GTCO evolution and milestones
Reorganized for growth into a IPO in 2001. Holding Company Structure. The GTCO Story Universal banking license in Launched a Payment fintech in We have evolved from a pure-play 2001. Started operations in Cote 2021, followed by Wealth d’Ivoire (2012). Management and Pension Banking franchise to becom
Slide 5: GTCO at a Glance
GTCO at a Glance The GTCO Story GTCO is shaping the future of finance in Africa, leveraging technology and strategic partnerships to make end-to-end financial services easily accessible to individuals and businesses across the Continent. Strong market positioning and best-in-class financial metrics Gro
Slide 6: Creating a Connected Ecosystem to Address All of Our Customers' Financial Needs
Creating a Connected Ecosystem to Address All of Our Customers’ Financial Needs The GTCO Story From Banking to Funds Management, Pensions to Payments, we are creating a connected ecosystem that makes financial solutions and services easy to access, helping people and businesses to thrive through thei
Slide 7: Corporate Structure and Geographic Spread
Corporate Structure and Geographic Spread The GTCO Story GTCO comprises its principal banking franchise alongside its fast-growing non-banking businesses Guaranty Trust Holding Group Performance Company Plc Highlights Guaranty Trust Guaranty Trust Guaranty Trust Bank Ltd HabariPay Funds Management P
Slide 8: Strategic Priorities – Diversify Earnings and Position for Transformational Growth
Strategic Priorities – Diversify Earnings and Position for Transformational Growth The GTCO Story Proudly African, Connected Diversified Scale Truly International Group Performance Highlights Environment Operating Business Areas Review Unlock and leverage Deliver at scale and Elevate customer Ongoing
Slide 9: Resilient and Adaptive Business Model
Resilient and Adaptive Business Model The GTCO Story We operate a proven, innovation-led model, driven by a consistent strategic framework Group Performance Proudly African, Highlights Connected Diversified Scale Truly International Unwavering Well-structured lines Sound business Long-term shareholde
Slide 10: Group Performance Highlights
Group Performance Highlights
Slide 11: Strong Growth in Earning Assets, Improvement in Asset Quality
Strong Growth in Earning Assets, Improvement in Asset Quality The GTCO Story ▪ Recorded ₦600.9bn in PBT despite marked decline in fair value and derivative gains posted in H1-2025 relative to H1-2024 (₦6.5bn vs Group Performance ₦623.2bn). Banking Fund Managers Highlights ▪ Achieved growth on all co
Slide 12: Half Year 2025 Results in Context - Building on Core Strengths
Half Year 2025 Results in Context - Building on Core Strengths The GTCO Story GTCO continues to post some of the best metrics in African banking and financial services Group Performance ₦16,692.1bn ₦12,128.1bn ₦3,474.8bn ₦3,358.0bn ₦2,994.6bn Highlights Key Metrics +12.8% YoY +16.60% YoY +18.99% YoY
Slide 13: Balance Sheet Composition – Growth in Deposit and Loans
Balance Sheet Composition – Growth in Deposit and Loans, Well-diversified Asset Base The GTCO Story Loans, Deposits, Total Assets (₦'Bn) Components of Asset Base (₦'Bn) Group Performance Highlights Environment Operating Business Areas Review ▪ Total assets grew by 12.8%, largely driven by 20.5% and 1
Slide 14: Balance Sheet Composition – Robust Asset Mix, Resilient Funding Structure
Balance Sheet Composition – Robust Asset Mix, Resilient Funding Structure The GTCO Story Funding Mix (₦'Bn) Group Performance Highlights ▪ Total funding comprises Equity (17.9%) and Customers Deposit (72.7%) with CASA accounting for 97.2% and little reliance on Time Deposits. ▪ Equity up by 10.4% dr
Slide 15: PBT Trend - Anchored on Core Earnings
PBT Trend - Anchored on Core Earnings, Positioned to Sustain FY-2024 ₦1 Trillion Profitability The GTCO Story PBT (₦'Bn) Return on Average Assets & Equity Group Performance Highlights Environment Operating Business Areas Review ▪ The Group’s diversified model continues to sustain performance, even as
Slide 16: Revenue Generation – Diversified Revenue Base
Revenue Generation – Diversified Revenue Base; Core Earnings Remain Very Strong The GTCO Story ▪ Interest income up 31.5% driven by 16.5% growth in earning assets and a 195bps uplift in portfolio yield. ▪ Non-interest revenue contracted 66.4% reflecting an 88.7% decline in Other Income (Fair value and
Slide 17: Margin Metrics – Sustained Competitive Margins
Margin Metrics – Sustained Competitive Margins The GTCO Story Yields on Interest Earning Assets Net Interest Margin Group Performance Highlights Environment Operating Business Areas Review Cost of Funds ▪ NIM improved to 12.27% in H1-2025 from 10.45% as of H1-2024 as yield on the earning assets port
Slide 18: Expenses Overview – Enhanced Efficiencies
Expenses Overview – Enhanced Efficiencies The GTCO Story Overview of Expenses (₦’Bn) Cost to Income Ratio (CIR) Group Performance Highlights Environment Operating Business Areas Review Operating Expenses (OPEX) (₦’Bn) Expense Drivers ▪ Increased operating cost in Nigeria, West and East African regions
Slide 19: OPEX - Sustaining Cost Discipline While Investing for Growth
OPEX - Sustaining Cost Discipline While Investing for Growth The GTCO Story Group Group In billions of Naira HY 2025 HY 2024 Change (Y-o-Y) % Change (Y-o-Y) Depreciation and Amortization 38.2 27.5 10.7 39.1% AMCON Expenses 50.9 36.7 14.2 38.7% Group Performance 18.0 14.7 3.3 22.3% Highlights Occupan
Slide 20: Risk Asset Mix - Strength in Quality
Risk Asset Mix - Strength in Quality The GTCO Story ▪ The Group continued to maintain a well-distributed Loan book with a specific focus on asset quality across select business segments. ▪ Upstream and downstream sector contribution increased to 30.4% from 25.6%, and 8.0% from 4.6%, while Midstream,
Slide 21: Improved Asset Quality - Strengthening Portfolio Resilience
Improved Asset Quality - Strengthening Portfolio Resilience The GTCO Story Gross Loans Staging (₦’Bn) Loan Impairment Charge (₦’Bn) Group Performance Highlights Environment Operating Business Areas Review ▪ Strong asset quality with contribution of stage 2 loans (₦75.2bn) dropping to 2.6% in FY-2024
Slide 22: Asset Quality - Underpinned by Disciplined Credit Practices and Risk Controls
Asset Quality - Underpinned by Disciplined Credit Practices and Risk Controls The GTCO Story 150.40% 175.50% 229.91% 138.70% 124.13% ▪ The Group’s IFRS 9 stage 3 loans closed at 4.5% (Bank: 3.2%) in H1-2024 from 5.2% (Bank: 3.5%) in FY-2024. Education and Others emerged as Sectors with the highest G
Slide 23: Strong Capital Ratio - Sustaining Robust Capital Buffers
Strong Capital Ratio - Sustaining Robust Capital Buffers The GTCO Story Capital Adequacy Ratio (Basel II) ▪ The Group continued to maintain strong capital positions with Capital Adequacy Ratio (CAR) of 36.2%; 2100bps above the regulatory minimum of Group Performance 15% and 2000bps if adjusted for 1%
Slide 24: Liquidity Ratio - Strong Liquidity Position
Liquidity Ratio - Strong Liquidity Position The GTCO Story Group Performance Highlights ▪ Liquidity ratio closed at 43.0% in H1-2025, a marginal dip from 44.9% in H1-2024, well above the regulatory minimum requirement of 30%. Despite the pressure from competition and the Environment ▪ Operating need
Slide 25: Banking and Non-Banking Subsidiary Overview
Banking and Non-Banking Subsidiary Overview The GTCO Story Well-integrated banking and non-banking businesses create a diversified financial services ecosystem Millions of Naira Assets Loans Total Deposit PBT HY 2025 FY 2024 % Change HY 2025 FY 2024 % Change HY 2025 FY 2024 % Change HY 2025 HY 2024 %
Slide 26: Operating Environment
= Operating Environment
Slide 27: Global Currency Review
Global Currency Review The GTCO Story In the first half of 2025, the U.S. dollar slumped 10%-11% on the U.S. dollar index (DXY) its worst half year performance since 1973, while the Euro gained 12%-13% against the dollar. Emerging market currencies generally benefited from the weaker USD. In Africa, m
Slide 28: Global Interest Rates and Inflation Highlights
Global Interest Rates and Inflation Highlights The GTCO Story Interest Rate Inflation Rate Central banks maintained a cautious approach to monetary easing in the first half of 2025 as Inflation moderated in both the U.S. and the Eurozone, with the latter moving closer to the inflationary pressures modera
Slide 29: Sub-Saharan Africa Interest Rates and Inflation Highlights
Sub-Saharan Africa Interest Rates and Inflation Highlights The GTCO Story Interest Rate Inflation Rate Sub-Saharan Africa’s central banks started shifting away from extreme tightening as Inflation remained elevated across many African economies, driven primarily by currency inflation trended downward a
Slide 30: Nigeria Macroeconomic Review
Nigeria Macroeconomic Review The GTCO Story Lower oil prices and flat production weighed on Nigeria’s reserves in H1 2025, which declined Average yield on Nigerian Treasury Bills fell 66bps to 20.25% in Q2 2025, reflecting the Apex by about $3.7 billion to $37.2 billion. Bonny Light crude averaged $67
Slide 31: Nigerian Financial Services Regulatory Environment Overview
Nigerian Financial Services Regulatory Environment Overview The GTCO Story Policy consistency, improved transparency and ongoing structural reforms continued to strengthen investors’ confidence and support various businesses ● CBN extended its policy rate pause as it continues to monitor the Group Pe
Slide 32: World Economy Outlook
World Economy Outlook The GTCO Story Sub-Saharan West Africa East Africa Global Africa Group Performance Highlights Environment Operating Global growth is projected at 3.0% in Sub-Saharan Africa’s economy is West Africa’s economies show East Africa continues to outpace 2025, a slight upward revision
Slide 33: Business Areas Review
& Business Areas Review
Slide 34: Banking
Banking
Slide 35: Strengthening the Core Banking Franchise
Strengthening the Core Banking Franchise. The GTCO Story Proudly African, Connected Truly International Diversified Scale Group Performance Highlights Environment Operating Business Areas Enhancing digital Integrating Review Obsessive Low cost operator Regulatory commitment to with robust and bankin
Slide 36: Banking Group Performance - HY 2025
Banking Group Performance - HY 2025 The GTCO Story Strong Pan-African Franchise with deep Footprint Across Africa’s Key Growth Markets Group Performance Highlights Environment Operating Business Areas Review PBT (‘₦Bn) Non-Financial Highlights ▪ ₦591.6bn PBT; on track to narrow y-o-y decline to ~25%
Slide 37: Business Segments Review
Business Segments Review The GTCO Story Combining a dominant retail banking franchise with a strong presence in corporate, SME, and commercial banking. Segment Performance Wholesale & Corporate Banking: Group Performance Large corporates, multinationals, major energy, telecoms, and 22.6% N2,644.8 bn
Slide 38: Digital Banking Review - Active Users
Digital Banking Review - Active Users The GTCO Story Engaged and Growing Digital User Base Group Performance Highlights Environment Operating Business Areas Review GTWorld Bank 737 GAPS/GAPS Lite Naira Cards Dollar Cards Non-Financial Highlights Guidance & Plans 38
Slide 39: Digital Banking Review - Value
Digital Banking Review - Value The GTCO Story Robust Value Flow Across Digital Channels Group Performance Highlights Environment Operating Business Areas Review GTWorld Bank 737 GAPS/GAPS Lite Naira Cards Dollar Cards POS Non-Financial Highlights Guidance & Plans 39
Slide 40: Digital Banking Review - Volume
Operating Group Performance Group Overview The GTCO Story Guidance & Plans Non-Financial Business Areas Environment Highlights for 2025 Highlights Review GTWorld Bank 737 Digital Banking Review - Volume Scaling Activity Through Digital Channels GAPS/GAPS Lite Naira Cards Dollar Cards POS 40
Slide 41: Banking Subsidiaries Overview
Banking Subsidiaries Overview - Reinforcing the Group’s Strategic Positioning across key African The GTCO Story markets and the UK ▪ 240 branches, 18 e-branches; 14 cash centres Group Overview ▪ HY 2025 Gross Earnings: N 697.7bn (HY 2024: N1,072.4bn) Nigeria ▪ HY 2025 PBT: N425.3bn (HY 2024: N843.2b
Slide 42: Fund Managers
Fund Managers
Slide 43: Fast Growing Fund Management Business
The GTCO Story Fast Growing Fund Management Business Proudly African, Group Overview Connected Diversified Scale Truly International Group Performance Highlights Environment Operating Unlock and leverage Deliver at scale and Ongoing technology Business Areas Maintain global Elevate customer ecosystem
Slide 44: Financial Highlights - Profitability, AUM Growth Trend and Composition
The GTCO Story Financial Highlights - Profitability, AUM Growth Trend and Composition 679.84 653.99 Group Overview 72.1% 4.0% 29.4% 3.0% 379.94 Group Performance Highlights AUM Growth y-o-y (₦’Bn) Environment Gross Revenue ₦’000 PBT ₦’000 Operating HY 2025 Business Areas Review Non-Financial Highligh
Slide 45: Pension
Pension
Slide 46: Rapidly Expanding Pension Management Platform
The GTCO Story Rapidly Expanding Pension Management Platform Proudly African, Group Overview Connected Diversified Scale Truly International Group Performance Highlights Environment Operating Unlock and leverage Gain market share Ongoing technology Business Areas Cutting-edge pension Elevate customer
Slide 47: Financial Highlights - Profitability, AUM Growth Trend and Composition
The GTCO Story Financial Highlights - Profitability, AUM Growth Trend and Composition 121.8 Group Overview 103.3 80.4 17.9% 28.4% 35.70% 21.84% Group Performance Highlights Operating Income (₦’000) PBT (₦’000) AUM Growth y-o-y (₦’Bn) Environment Operating HY 2025 Business Areas Review Non-Financial H
Slide 48: Payment Fintech
Payment Fintech
Slide 49: Differentiated Fintech Positioning: Profitability, Resilience, and Real Impact
The GTCO Story Differentiated Fintech Positioning: Profitability, Resilience, and Real Impact Positive Flywheel Effect from Ecosystem Play Strong Profitability Profile and Business Momentum Group Overview Sw s itc ce - Cards (POS/Web/ATM) - Airtime and SMS r vi hi n 95% Se g - Biller API d Se - Transf
Slide 50: Non-Financial Highlights - HY 2025
The GTCO Story Non-Financial Highlights - HY 2025 Creating Value through CSR… Group Overview Waste for Gas Project - Owode LGA Group Performance Improving quality of life Highlights for households “A Shared Experience” 2025 GTCO Food & Drink Festival Environment Operating NPA Lagos Polo Tournament F
Slide 51: Guidance and Plans
The GTCO Story Guidance and Plans HY 2025 HY 2024 FY 2025 Guidance Group Overview PBT N600.9bn N1,003.8 bn - Deposit Growth 16.6% 40.0% - Loan Growth 20.5% 25.5% - 138.7%* Group Performance Coverage (with Reg. Risk Reserve) 124.1% - Highlights Cost of Risk 1.7% 4.9%* - NPL to Total Loans 4.5% 5.2%*
Slide 52: Disclaimer
Disclaimer This presentation is based on Guaranty Trust Holding Company Plc (“GTCO” or the “Group”)’s audited consolidated financial results for the period ended June 30, 2025, prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting
Slide 53: Thank You
a . Thank You EUROMONEY EURUMUNEY ‘AWARDS FOR EXCELLENCE
Slide 54: Appendix
E Appendix
Slide 55: Balance Sheet Snapshot - Group
Balance Sheet Snapshot - Group Selected data, for half year 2025 y-o-y change In thousands of Nigerian Naira June-25 Dec-24 (%) Assets Cash and bank balances 4,786,081,524 4,673,048,120 2.4% Financial assets held at fair value through profit or loss 118,301,125 59,602,997 98.5% Derivative financial as
Slide 56: Income Statement Snapshot - Group
Income Statement Snapshot - Group Selected data, for half year 2025 y-o-y change In thousands of Nigerian Naira Jun-25 Jun-24 (%) Revenue Net interest income 632,237,891 491,511,596 28.6% Loan impairment charges (54,971,298) (47,395,082) 16.0% Net fee and commission income 135,173,978 101,069,194 33
Slide 57: Key Performance Ratios
Key Performance Ratios The Group continues to post one of the best metrics in the Nigerian Financial Services Industry June 30, 2025 June 30, 2024 Net Interest Margin 12.27% 10.45% Cost to Income Ratio 30.08% 16.74% Capital Adequacy Ratio 36.19% 39.31.%* Liquidity Ratio 43.02% 49.19%* Loans to Depos
Slide 58: Slide 58
Guaranty Trust Holding Company — H1 2025 Earnings Presentation on 6ix