I&m Group Plc · NSEKE:IMH
I&m — Q1 2025 Earnings Presentation
29 slides from I&m's earnings presentation, June 2025
Slide 1: Q1 2025 Investor Presentation
Q1 2025 INVESTOR PRESENTATION
Slide 2: Our Regional Footprint
Classification: Confidential Our Regional Footprint KENYA UGANDA I&M Bank Ltd I&M Bank (Uganda) Ltd UGANDA ✓503,000+ customers ✓62 Branches ✓80,500+ customers KENYA ✓73 ATMs ✓12 Branches ✓14 ATMs ✓1,974 staff ✓311 staff RWANDA RWANDA MAURITIUS I&M Bank (Rwanda) PLC Bank One Limited TANZANIA ✓113,600
Slide 3: iMara 3.0 Strategy (2024 – 2026)
Classification: Confidential iMara 3.0 Strategy (2024 – 2026) Long Term Ambition Eastern Africa’s Leading Financial Partner for Growth Best Bank for >90 % 3 Year Impact +10 Mn Lives Digitally Active Customer Experience Objectives Impacted Customers (NPS>70%) 1 2 3 Develop Leadership in Build Relevan
Slide 4: Group Highlights
VAN | Group GROUP HIGHLIGHTS
Slide 5: Group Income Statement
Classification: Confidential Group Income Statement Operating Income (KES Bn) Profit Before Provisions (KES Bn) 13.0 12% 7.3 Key Ratios FY 2024 Q1 Q1 Q1 11.5 13% 21% 6.4 2025 2024 2023 9.6 24% 5.2 Cost to income 46% 44% 44% 46% ratio Cost of Risk 2.6% 2.2% 2.2% 2.8% ROE 17% 17% 16% 14 % ROA 2.9% 3.1
Slide 6: Group Balance Sheet
Classification: Confidential Group Balance Sheet Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 13% 1% 18% 6% 7% 568 533 324 384 407 473 13% 291 294 257 94 89 21% -5% 78 212 13% 241 7% 258 197 204 179 20% 4% 112 28% 143 4% 149 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q
Slide 7: Group Summary Highlights
Classification: Confidential Group Summary Highlights Total Income (KES) Profit Before Tax (KES) Profit After Tax (KES) 13.0bn 6.0 bn 3.9bn +12% +16% +17% Net Loans & Advances (KES) Customer Deposits (KES) Cost of Risk 294 bn 407 bn 2.2% 1% 6% Absolute 0.0% Return on Equity Return on Assets 17% 3.1%
Slide 8: Subsidiary Performance Highlights
SUBSIDIARY PERFORMANCE HIGHLIGHTS
Slide 9: Kenya Macro Economic Environment
Classification: Confidential Kenya Macro Economic Environment Overall Inflation Rate Trend GDP Growth 5.7% 5.7% ❑ Slowing economic growth: Kenyan economy 4.9% 4.7% 4.60% grew at a slower pace of 4.7% in 2024 (2023: 3.60% 3.6% 5.7%) due to tight credit and slowdown in 3.0% the agriculture sector. Exp
Slide 10: Kenya: 74% contribution to Profit Before Tax
Classification: Confidential Kenya: 74% (Q1 2024:76%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision Expense (KES Bn) Profit Before Tax (KES Bn) 8.7 4.1 1.3 3.8 8% 7.9 10% 1.1 28% 6.7 17% -23% 1.0 9% 2.9 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024
Slide 11: Kenya: 71% contribution to Total Assets
Classification: Confidential Kenya: 71% (Q1 2024:73%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 393 224 386 2% 2% 292 -3% 286 218 241 19% 15% 13% 335 198 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Key Rati
Slide 12: Tanzania Macro Economic Environment
Classification: Confidential Tanzania Macro Economic Environment GDP Growth Overall Inflation Trend 3.3% 5.6% ❑ Strong GDP Growth: Tanzanian economy estimated to 5.30% 3.1% 3.1% 3.1% have grown by 5.3% in Q1 2025 (2024: 5.6%) driven 3.0% by agriculture, mining and construction; 5.0% ❑ Accelerating i
Slide 13: Tanzania: 6% contribution to Profit Before Tax
Classification: Confidential Tanzania : 6% (Q1 2024:3%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision Expense (KES Bn) Profit Before Tax (KES Bn) 0.3 1.2 0.3 26% 1.0 48% -37% 126% 43% 0.2 0.2 0.7 0.1 566% 0.0 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q
Slide 14: Tanzania: 8% contribution to Total Assets
Classification: Confidential Tanzania: 8% (Q1 2024:7%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 43 38 25 32 12% 35 11% 29 10% 7% 25 16% 24 11% 21 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Key Ratios FY 2
Slide 15: Rwanda Macro Economic Environment
Classification: Confidential Rwanda Macro Economic Environment GDP Growth Overall Inflation Trend 6.4% 9.70% 4.9% ❑ Strong GDP growth: Rwanda's economy continues 9.30% to grow strongly with GDP in Q1 2025 at 9.3%; 1.1% 9.20% 0.6% ❑ Decelerated Inflation: The annual inflation rate decelerated in the
Slide 16: Rwanda: 14% contribution to Profit Before Tax
Classification: Confidential Rwanda : 14% (Q1 2024:16%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision Expense (KES Bn) Profit Before Tax (KES Bn) 1.8 0.8 1.7 0.2 0.7 -6% 0.2 -7% -5% 46% 1.3 178% 107% 0.4 0.1 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1
Slide 17: Rwanda: 15% contribution to Total Assets
Classification: Confidential Rwanda: 15% (Q1 2024:13%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 83 36 56 21% 13% 32 29% 68 44 29 11% 62 11% 36 20% Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Key Ratios FY
Slide 18: Uganda Macro Economic Environment
Classification: Confidential Uganda Macro Economic Environment GDP Growth Forecast Overall Inflation Trend 12.3% 3.9% 3.3% 3.3% 3.4% 3.0% 7.5% 5.9% ❑ GDP Growth: Uganda is one of the few countries in Sub-Saharan Africa with a projected GDP growth rate greater than 5%. . ❑ Moderated Inflation: Uganda
Slide 19: Uganda: 2% contribution to Profit Before Tax
Classification: Confidential Uganda : 2% (Q1 2024:1%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision Expense (KES Bn) Profit Before Tax (KES Bn) 0.74 0.11 0.03 0.62 19% 0.55 138% 11% 0.01 -75% -619% 0.05 230% 0.01 (0.04) Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 202
Slide 20: Uganda: 7% contribution to Total Assets
Classification: Confidential Uganda: 7% (Q1 2024:6%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 38 15 34 13% 27 30 11% 32% 11 25 6% 27% 9 12% 23 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Key Ratios FY 2024
Slide 21: Mauritius Macro Economic Environment
Classification: Confidential Mauritius Macro Economic Environment GDP Growth Forecast Overall Inflation Trend 6.1% ❑ GDP Growth: Mauritius’s economy continued to 4.0% 4.0% 4.9% grow strongly, supported by strong momentum 3.10% 2.90% in tourism and investment. In Q3 2024, 1.80% 2.20% Mauritius annual
Slide 22: Mauritius: 4% contribution to Profit Before Tax
Classification: Confidential Mauritius : 4% (Q1 2024:4%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provision Expense (KES Bn) Profit Before Tax (KES Bn) 1.5 0.1 0.5 25% -16% 1.2 13% 1.2 0.4 636% -4% 0.4 -126% -0.0 -0.0 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 20
Slide 23: Mauritius Balance Sheet
Classification: Confidential Mauritius Balance Sheet Total Assets (KES Bn) Net Loans & Advances(KES Bn) Customer Deposits (KES Bn) 75 141 159 135 5% 3% 22% 155 111 -9% 13% 68 -3% 66 137 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Key Ratios FY 2024 Q1 2025 Q1 2024 Q1 2023
Slide 24: Group Highlights
VAN | Group GROUP HIGHLIGHTS
Slide 25: Group Summary Highlights
Classification: Confidential Group Summary Highlights Total Income (KES) Profit Before Tax (KES) Profit After Tax (KES) 13.0bn 6.0 bn 3.9bn +12% +16% +18% Net Loans & Advances (KES) Customer Deposits (KES) Cost of Risk 294 bn 407 bn 2.2% 1% 6% Absolute 0.0% Return on Equity Return on Assets 17% 3.1%
Slide 26: Group Outlook
VAN | Group GROUP OUTLOOK
Slide 27: Our North Star
Classification: Confidential Our North Star 2026 Aspiration Return on Equity +20% Develop Leadership in our Core Segments (Corporate & Commercial) Digitally Active Customers + +90% Impact Net Promoter Score >10 Million Lives Build Relevance in Emerging +70% Customer Segments (Retail & SMEs) + Grow t
Slide 28: Disclaimer
Classification: Confidential DISCLAIMER The contents herein have been presented in good faith. The information, statements and opinions set out in this presentation and subsequent discussion do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation o
Slide 29: Thank You
Thank You Merci Webale Murakoze Asante I&M GROUP PLC 1 PARK AVENUE 1ST PARKLANDS P.O. BOX 30238 – 00100 TEL: +254 (0)20 3221000 Investor-Relations@imgroup-plc.com