I&M Group PLC · NSEKE:IMH
I&M — I&M Bank (Rwanda) — 9M 2022 Earnings Presentation
20 slides from I&M's earnings presentation, 2022
Slide 1: We Are On Your Side
OUR BRAND PROMISE We Are On Your Side Our Core Values INTEGRITY TRUST RESPECT INNOVATION COURAGE
Slide 2: Disclaimer & Forward-looking statements
Disclaimer & Forward-looking statements The contents herein have been presented in good faith. The information, statements, and opinions set out in this presentation and subsequent discussion does not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitatio
Slide 3: Today’s speakers
Today’s speakers Robin Bairstow Dederi Wimana MANAGING DIRECTOR CHIEF FINANCE OFFICER I&M Rwanda - 9M & Q3 2022 Earnings Presentation
Slide 4: Operating context & Business Highlights
Classification: Internal Use c We Are On Your Side Operating context & Business Highlights 4 Classification: Internal Use
Slide 5: Rwanda | Operating Context
Rwanda | Operating Context Rwanda GDP Growth (%) Macro-economic Outlook 10.9% 9.5% ▪ GDP growth is projected to increase by 6% in 2022, on the back of 6.7% 6.0% recovering exports and domestic demand. ▪ Inflation rate increased to 9.0% in the first half of 2022, and is projected to remain high in 20
Slide 6: Business Highlights
Business Highlights | Executing our strategy to drive greater growth, and profitability Customer base Total Deposits (RWF) Transactions from Digital channels 65.5K 350bn 74% +32% yoy +7% YTD Net Loans & Advances (RWF) Headline Earnings (RWF) Tier I CAR | Tier II CAR 243bn 29,253Mn 17.84% | 19.84% +9
Slide 7: Financial Review
Classification: Internal Use c We Are On Your Side Financial Review 7 Classification: Internal Use
Slide 8: 9M-2022 Financial highlights | ongoing execution of our iMara 2.0 strategy
9M-2022 Financial highlights | ongoing execution of our iMara 2.0 strategy Snapshot | Income Statement (RWF ‘Millions) Cost-to-Income Ratio -4% 59.6% 57.4% +59% YoY +25% YoY +21% YoY +89% YoY Sep-21 Sep-22 +20% YoY Key take-aways ▪ Sep-2022 performance reflects the continued benefits of our diversif
Slide 9: 9M-2022 Financial highlights | Well-funded, diversified, and highly liquid balance sheet
9M-2022 Financial highlights | Well-funded, diversified, and highly liquid balance sheet Snapshot | Balance Sheet (RWF ‘Billions) Total Assets Loans & Advances Total Deposits Total Equity 242.5 349.6 68.6 498.2 62.2 466.9 326.9 54.5 222.4 417.2 205.2 298.3 +12% +7% +8% +9% +10% +7% +14% +10% Dec-20
Slide 10: Strong capital levels & liquidity Ratios
Strong capital levels & liquidity Ratios Capital Adequacy Ratios Liquidity Coverage Ratio 650.0% 20.75% 542% 19.65% 19.84% 550.0% 504% 450.0% 350.0% 262% 250.0% 12.5% 12.5% 12.5% 150.0% 50.0% 100.0% 100.0% 100.0% Dec-20 Dec-21 Sep-22 Dec-20 Dec-21 Sep-22 -50.0% Regulatory Limit Tier I CAR buffer Tie
Slide 11: Key ratios reflect business growth and strategy execution
Key ratios reflects the business growth and tangible momentum behind our strategy execution. Dec-20 Dec-21 Sep-22 Return on Equity (ROAE), % 10.9 15.7 13.5* Return on Assets (ROAA), % 1.39 2.1 1.83* Liquidity Coverage Ratio, % 542 504 262 Cost/ Income Ratio, % 57.1 62.1 57.4 Net Loans to Deposit Rat
Slide 12: Strategy Update & Outlook
Classification: Internal Use c We Are On Your Side Strategy Update & Outlook 12 Classification: Internal Use
Slide 13: Strategy Highlights
Continue to be guided by our iMara 2.0 strategy & maintain a strong underlying performance across all business segments. Strategy 257.8 233.6 215.9 Highlights 137.9 131.4 125.2 • Executing our MSME strategy; + 2 , 3 0 2 n ew b u s i n e s s es (46% YoY Corporate g r o w t h) Banking • Revenue divers
Slide 14: Outlook: where we are vis-à-vis our 2022 key success metrics
Outlook: where we are vis-à-vis our 2022 key success metrics Actual as of 2022 Target Sept-2022 Total Number of customers 70,000 65,468 Dormancy from 25% to 15% 13% Active customers on digital channels from 70% to 73% 76% TNR market share 10.9% 9.4% PBT USD 13Mn USD 10.2Mn Fees & Commission Income U
Slide 15: We reiterate our 2022 main targets
We reiterate our 2022 main targets Portfolio Growth; Diversifying loan book with focus on MSMEs and Retail Banking and maintaining good asset quality. Revenue diversification; Leverage on strategic partnerships to capitalize on market opportunities. Digital & Customer Experience; leverage our digita
Slide 16: Appendix
Classification: Internal Use c We Are On Your Side Appendix 17 Classification: Internal Use
Slide 17: We continue to be guided by our iMara 2.0 strategy
We continue to be guided by our iMara 2.0 strategy Aspiration Rwanda’s leading Financial Partner for Growth 1. Driving Business Growth 2. Building a Resilient Organisation 3. Optimising the operating model Strategic Pillars And initiatives Enablers Customer Experience Cultural Transformation Strateg
Slide 18: I&M Rwanda’s Journey
I&M Rwanda’ JOURNEY 2003: The Government of Rwanda increased the share capital to Frw 7.6 Bn and BCR became 86.8% owned by the Government I&M Bank Rwanda is listed on the Rwanda Stock of Rwanda. Exchange (RSE) 2004: Actis acquired 80% share in BCR after a recapitalization. 1963 2012 2018 2003-4 2017
Slide 19: The I&M Group PLC | Our organization structure
The I&M Group PLC | I&M Group PLC Our organization structure I&M Realty Ltd I&M Burbidge I&M Capital Ltd Investment & Mortgages Bank One Ltd BCR Investment I&M Bank Ltd Giro Ltd 100% Capital Ltd Nominees Ltd 50% Co. Ltd 100% 100% 100% 100% 65% 100% I&M Bank (Uganda) Ltd 90% I&M Bank (T) Ltd I&M Bank
Slide 20: Thank You
Classification: Internal Use c We Are On Your Side Thank You Have any follow-up questions? Get in touch with us: Email: : invest@imbank.co.rw Telephone: + 250 788 16 2040 21 Classification: Internal Use