Ahli Bank Q.p.s.c. · QSE:ABQK
Ahli Bank Q.p.s.c — Q3 2024 Earnings Presentation
19 slides from Ahli Bank Q.p.s.c's earnings presentation, 2024
Slide 1: Investor Presentation Q3 2024
Investor Presentation Q3 2024 ahlibank.com.qa
Slide 2: Overview
Overview Overview Shareholding Structure • Founded in 1983 and listed on the Qatar Stock Exchange, ▪ Market cap of QAR 9.54 bln (as of 30 Sep 2024) 47.71% QIA and its wholly ▪ Has a network of 11 branches and 94 ATMs throughout Qatar owned subsidiaries Others ▪ Best regulated banking sector in the M
Slide 3: ABQ Has Been at the Heart of the Community for Over 40 Years
ABQ Has Been at the Heart of the Community for Over 40 Years 1983 • Incorporated as Al-Ahli Bank of Qatar part of CitiBank operations 1987 • ABQ began to operate as a standalone entity 2004 • Ahli United Bank (AUB) acquires a 40% stake through issue of new shares with a ten year renewable management
Slide 4: “At the heart of the community” – Corporate Social Responsibility
“At the heart of the community” – Corporate Social Responsibility Our brand identity is a modern interpretation of a potent symbol from Qatar’s past, the oyster shell. The shell protects and nurtures its treasure, growing it over time, just as we seek to grow and protect our customers’ assets. We as
Slide 5: Business Lines
Business Lines Corporate SMEs Corporate Cash Management Treasury, Ahli Brokerage Proprietary Investment Investments & International Banking International Banking Retail Private Banking & Retail Wealth Management Premium 5
Slide 6: Executive Summary – 2024
Executive Summary – 2024 1. Steady Performance with Net Profit of QR 647 mln and YoY growth of 5.2%; 2. Stable Capital Adequacy Ratio of 22.8% (based on new Basel guidelines wef 1 Jan 2024) 3. NPL Ratio stood at 2.78% (2023: 2.51%) with an enhanced coverage of 246% (2023: 234%) 4. Loan book maintain
Slide 7: Key Performance Highlights
Key Performance Highlights Sep 2024 Sep 2023 Growth Net Interest Income 1,270 996 27.6% Operating Income 1,420 1,133 25.4% Net Profit 647 615 5.2% Sep 2024 Dec 2023 Growth Total Assets 61,545 60,464 1.8% Loans & Advances 34,940 34,754 0.5% Customer Deposits 33,750 29,645 13.8% EMTN 3,643 5,489 -33.6
Slide 8: P&L – YTD Sep 2024
P&L – YTD Sep 2024 Estimated Actuals YOY Variance QAR '000 Sep-24 Sep-23 Fav/(Adv) Interest income 2,690,460 2,327,324 16% Interest expense 1,420,221 1,331,589 (7%) Net interest income 1,270,239 995,735 28% Fees and other income (Including FX) 149,681 136,910 9% Total operating income 1,419,920 1,13
Slide 9: Balance Sheet – as at Sep 2024
Balance Sheet – as at Sep 2024 QR 'Mln Sep-24 Dec-23 Variance Amount % Cash and Balances with central bank (includes Statutory reserve: QR 1.47 bln) 1,984 1,855 129 7% Due from Banks 14,460 14,760 -299 (2% ) Loans and Advances 34,940 34,754 186 1% SOQ 22 278 (256) (92%) Other Loans 34,918 34,476 442
Slide 10: Steady Operating Income
Steady Operating Income QAR mln QAR mln 700 1,500 CAGR 647 CAGR 1,420 2.8% 615 CAGR 1,400 13% 600 567 7.3% 538 545 518 525 506 503 501 1,300 500 1,200 1,133 400 1,088 1,100 1,030 300 1,000 878 900 200 821 778 796 800 753 100 724 700 0 Q3-15 Q3-16 Q3-17 Q3-18 Q3-19 Q3-20 Q3-21 Q3-22 Q3-23 Q3-24 600 Q
Slide 11: Total Assets – Trend
Total Assets – Trend QAR mln CAGR 70,000 CAGR 20% 7.4% 60,464 61,545 60,000 47,555 48,093 48,575 50,000 43,915 40,000 30,000 20,000 10,000 0 2019 2020 2021 2022 2023 Sep-24 11
Slide 12: Net Loans & Advances / Customer Deposits – Trend
Net Loans & Advances / Customer Deposits – Trend QAR mln Loans CAGR: 2.1% 40000 Deposits CAGR: 6.1% 34,754 34,940 33,513 33,570 34,032 33,750 31,591 29,645 30000 28,954 27,925 26,941 25,500 20000 10000 2019 2020 2021 2022 2023 Sep-24 Net Loans & Advances Customer Deposits 12
Slide 13: Proprietary Investments – Trend
Proprietary Investments – Trend QAR mln 10,000 9,465 CAGR 5.0% 9, 000 8,613 8,340 8,382 8, 000 7,521 7,074 7, 000 6, 000 5, 000 4, 000 3, 000 2, 000 1, 000 0 2019 2020 2021 2022 2023 Sep-24 13
Slide 14: Shareholder’s Funds – Trend
Shareholder’s Funds – Trend QAR mln 8,000 CAGR 7,500 3.9% 7,153 7,143 6,883 7,000 6,593 6,500 6,275 5,959 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2019 2020 2021 2022 2023 Sep-24 14
Slide 15: Asset Quality
Asset Quality NPL ratio of 2.78% and a coverage of 246% as at Sep 2024 Gross Loans and NPL Ratio(1) NPL Provision Coverage(2) Gross Loans (LHS) NPL Ratio (RHS) 280% 38000 QAR Mln 4.50% 37,070 816 1,108 1,388 1,822 2,135 2,534 36,429 260% 37000 4.00% 246% 35,562 34,730 240% 234% 36000 34,357 3.50% 3.
Slide 16: Capital Adequacy Ratio
Capital Adequacy Ratio QAR mln 22.8% 10,000 20.6% 20.5% 21.0% 9,000 18.0% 450 20% 456 453 8,000 442 17.7% 15% 1,092 7,000 1,092 1,092 417 1,092 285 10% 6,000 - - 7,143 6,206 6,351 6,493 5% 5,000 5,611 5,911 4,000 2019 2020 2021 2022 2023 Sep-24 0% Tier II 285 417 442 456 453 450 AT-1 - - 1,092 1,092
Slide 17: Diversified Funding Mix
Diversified Funding Mix Debut Syndicated Bank Facilities (Sep 2014) Maturity Profile • 3-year US$ 200 mln Syndicated Term Loan Facility for general corporate funding purposes carrying a margin of 120 basis points over LIBOR • With the new facilities, we have significantly improved our funding profil
Slide 18: Market Positioning
Market Positioning Cost to Income (%) Return on Assets (%) 2021 2022 2023 Q3-2024 2021 2022 2023 Q3-2024 QIB 18.9 18.2 17.8 18.4 QIB 1.83 2.02 2.23 2.07 ABQ 25.4 23.1 23.4 20.0 QIIB 1.46 1.59 1.81 2.04 QIIB 19.8 19.7 18.9 21.3 CBQ 1.26 1.48 1.67 1.76 QNB 23.6 20.9 21.3 23.7 ABQ 1.44 1.55 1.60 1.44 C
Slide 19: Disclaimer
Disclaimer: The description in this Investor Relations Presentation is provided for information purposes only and is not intended to advise any person to invest in the Bank or to induce or attempt to induce any person or entity to invest in any particular bank product. The information and opinions c