Pt Bank Qnb Indonesia Tbk · IDX:BKSW
Pt Bank Qnb Indonesia Tbk — QNB Group — Investor Presentation (September 2015)
41 slides from Pt Bank Qnb Indonesia Tbk's investor presentation, September 2015
Slide 1: Investor Relations Presentation
Investor Relations Presentation September 2015
Slide 2: Contents
Contents 1. QNB at a Glance 2. QNB Comparative Positioning – Qatar and MENA 3. Financial Highlights – as at 30 September 2015 4. Economic Overview Notes: All figures in US Dollars have been converted from Qatari Riyals based on the exchange rate of 1 US Dollar = 3.6405 Qatari Riyals In certain cases
Slide 3: QNB at a Glance
QNB at a Glance
Slide 4: QNB at a Glance: Overview
QNB at a Glance: Overview Overview • Established in 1964 as the first Qatari owned Financials2 (in USD billion) bank • Owned (50%) by the Government of Qatar via Sep-15 Sep-14 5yr CAGR the Qatar Investment Authority (QIA) Total Assets 143.1 130.6 22% • Largest bank in Qatar by market cap., assets, L
Slide 5: QNB's International Footprint
QNB's International Footprint Sub-Saharan Africa Middle East South Sudan: (1 Branch) Qatar: (80 Branches) Jordan: (1552 (+32) Branches, 34.5% stake Togo: (1,265 Branches, 20.0% stake in in Housing Bank of Trade & Finance) Ecobank1) UAE: (26 (+12) Branches, 40.0% stake Asia in CBI) Syria: (15 (+302)
Slide 6: Rating Excerpts
Rating Excerpts “A+” with “Stable” outlook “QNB has an unrivalled leading position in a narrow but wealthy domestic market, and its international expansion is gradually eroding its domestic concentration…” August 12th, 2015 “Aa3” with “Stable” outlook “Consistently high profitability levels supporte
Slide 7: QNB Comparative Positioning – Qatar and MENA
QNB Comparative Positioning – Qatar and MENA
Slide 8: Top Domestic Banks – September 2015
Top 5 Domestic Banks – September 2015 QNB continues to excel in the domestic market Assets Loans 143.1 100.7 33.7 32.7 22.5 22.6 21.8 20.2 16.5 14.9 Deposits Net Profit 104.7 2.40 23.8 17.6 14.5 14.3 0.42 0.39 0.36 0.31 Note: All amounts are in USD billions 8 Source: Companies’ September 2015 Press
Slide 9: Top Regional Banks – September 2015
Top 5 Regional Banks – September 2015 QNB maintained its position as the leading bank in the region across all categories Assets Loans 143.1 100.7 127.3 110.2 106.3 71.2 86.7 63.3 57.7 56.0 Deposits Net Profit 104.7 2.40 97.0 1.86 73.3 70.8 64.0 1.38 1.36 1.17 Note: All amounts are in USD billions 9
Slide 10: Financial Highlights – as at September 2015
Financial Highlights – as at 30 September 2015
Slide 11: QNB continues to demonstrate sustainable profitable growth
QNB continues to demonstrate sustainable profitable growth Financial Highlights (as at 30 September 2015) Growth vs. September 2014 unless stated • Net interest margin (NIM)2: 2.82% Profit1 • USD2.4 billion net profit +9% • Cost to income ratio: 21.1% +10% from Sept-14 • USD143.1 billion assets +7%
Slide 12: Strong profitability growth
Strong profitability growth Income Statement Breakdown (USD billion as at 30 September) Net Profit1 Operating Income2 Net Interest Income % Cost to Income Ratio % Net Interest Margin3 5 yrs: 16% 5 yrs: 18% 5 yrs: 19% 2.40 3.40 2.20 3.21 2.62 3.00 2.50 1.95 2.35 1.71 2.33 1.49 1.86 1.96 1.48 2011 201
Slide 13: Robust quarterly growth has been consistently delivered
Robust quarterly growth has been consistently delivered Quarterly Income Statement Income Statement USD 000s Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 • Net Interest Income 855,537 872,477 866,194 883,438 872,742 – FX Gain 65,223 54,716 57,015 54,771 51,656 – Fees and Commissions 150,685 154,119 151,6
Slide 14: Good asset growth driven by lending activities mainly in QAR and USD
Good asset growth driven by lending activities mainly in QAR and USD Assets Analysis (as at 30 September) Total Assets Evolution 2015 Split of Assets (%) USD billion By Type By Currency 5 yrs: 22% 143.1 Cash and Balances with 6.3 QAR 49.0 130.6 120.0 Central Banks Due from USD 24.7 4.9 96.4 Banks EG
Slide 15: Good loan growth
Good loan growth Loans Analysis (as at 30 September) Total Loans Evolution 2015 Split of Loans (%) USD billion By Geography By Sector 100.7 Government 10.6 5 yrs: 24% Qatar 76.3 90.3 83.5 Government 33.6 Egypt 7.6 Agencies 65.5 Services/ 25.5 Other GCC Commerce 3.4 Countries 46.2 Real Estate 13.4 Eu
Slide 16: High quality lending portfolio is highlighted by low NPL ratios
High quality lending portfolio is highlighted by low NPL ratios Asset Quality Analysis (as at December unless stated) Non Performing Loans (NPL) by Segment • QNB has continued to x Total NPL’s increase its provisions in USD million response to the global 1,430 1,532 1,501 economic situation 1,116 1,
Slide 17: High quality investment portfolio with 86% of securities rated AA or better
High quality investment portfolio with 86% of securities rated AA or better Investments Analysis (USD million as at 30 September 2015) Available-for-Sale Investment Securities Held to Maturity Financial Investments Quoted Fixed rate Unquoted Floating rate State of Qatar 2,839 State of Qatar 5,875 So
Slide 18: Robust growth in customer deposits and funding
Robust growth in customer deposits and funding Funding Analysis (as at 30 September) Total Customer Deposits Evolution 2015 Split of Deposits (%) USD billion By Sector By Type 5 yrs: 21% 104.7 96.2 Government 5.1 Time 90.6 73.4 Deposits 73.6 Government 32.1 Agencies Saving 2.7 Accounts 53.5 Corporat
Slide 19: Solid liquidity profile with loans to deposits ratio consistently below 97%
Solid liquidity profile with loans to deposits ratio consistently below 97% Liquidity Analysis (as at 30 September) Loans to Deposits Ratio Evolution 2015 Sources of Liquidity % % of total liabilities 92.2% 93.9% 96.2% 86.4% 89.0% Due to Banks 6.8 Customer Deposits 82.7 Debt 4.7 Securities 2011 2012
Slide 20: Sources of Institutional Funding
Sources of Institutional Funding EMTN and Certificate of Deposits EMTN Certificate of Deposits Set-Up • November 2011 in Reg S format • Issued by QNB London Branch and regulated by Set-Up the FCA and the PRA Current • Programme limit USD 12.5 billion and outstanding Values is USD 5.8 billion Establi
Slide 21: Strong capital adequacy ratio maintained above both QCB and Basel III requirements
Strong capital adequacy ratio maintained above both QCB and Basel III requirements Capital Analysis (as at 31 December unless stated) Total Equity1 Evolution Basel III Capital Adequacy Ratio USD billion x Gearing2 % 16.1 14.1 12.8 16.2 14.0 12.5 (QCB) 2013 2014 Sep-15 2014 Sep-15 9.5 9.5 8.9 • Capit
Slide 22: Increasing geographical diversification positively contributes to growth
Increasing geographical diversification positively contributes to growth Geographical Contribution (as at 30 September) Domestic International % Share of International as percentage of the total Net Profit Loans Deposits USD billion USD billion USD billion 2.40 100.7 104.7 2.20 90.3 96.2 90.6 1.95 8
Slide 23: Diversifying business mix will bolster sustainable growth
Diversifying business mix will bolster sustainable growth Business Mix Contribution (% share as at 30 September 2015) Lines of Business Net Profit Op. Income Loans Deposits 91 82 89 74 • Maintain dominant domestic Group market share Corporate • Grow international contribution • Nurture SME business
Slide 24: QNB ALAHLI
QNB ALAHLI Highlights (as at 30 September 2015) Growth vs. September 2014 unless stated • Net interest margin (NIM)1: 4.68% Profit • USD249.4 Mn +16% • Cost to income ratio: 30.7% +20% from Sept-14 • USD16.4 Bn assets • NPL (% of gross loans): 3.0% +9% from Dec-14 Assets • USD7.6 Bn loans +15% from
Slide 25: QNB Group Financials
QNB Group Financials Key data (as at 30 September 2015) QNB QNB incl. QNB ALAHLI % Contribution Financials Ratios Presence USD billion 143 2.40 15.9% 123% 127% 128 2.16 14.0% 101 105 93 92 15,020 1.3% 1.5% 457 638 9,716 Total Loans & Customer Profit Capital NPL Coverage Branches Staff Assets Advance
Slide 26: Economic Overview
Economic Overview
Slide 27: Qatar oil and gas wealth per capita is the highest in the world
Qatar oil and gas wealth per capita is the highest in the world … Oil and Gas Reserves Per Capita (2014) k barrels of oil equivalent (boe) Qatar 84.6 Kuwait 28.3 U.A.E. 14.8 Venezuela 11.2 Saudi Arabia 10.4 Libya 9.4 Canada 5.2 Iran 4.9 Iraq 4.8 Kazakhstan 2.3 Russia 2.2 • Qatar is endowed with majo
Slide 28: Qatar was one of the world's fastest growing economies during 2009-14
… and Qatar was one of the world’s fastest growing economies during 2009- 14 Real GDP: Countries with fastest growth (2009-14) % CAGR, annual growth 11.4% 11.0% 10.8% 9.7% 9.1% • Qatar’s compound annual real growth (CAGR) of 9.1% during 2009-14 was one of the world’s fastest, driven by the expansion
Slide 29: Hydrocarbon growth driven by gas expansion but now plateaued
Hydrocarbon growth has been driven by a large expansion in gas production; but has now plateaued given the authorities’ moratorium on gas exploration Production of Gas by Usage* Production of Oil and Other Hydrocarbon Liquids* m boe/d, % shares shown m b/d, % shares shown LNG Exports Domestic Consum
Slide 30: The expansion has driven population growth and created significant wealth
The expansion has driven population growth and created significant wealth Total Population* GDP per Capita* USD thousands and % CAGR Millions and % CAGR 150.5 147.5 147.6 147.6 2.5 2.6 144.7 2.4 2.2 2.0 138.4 1.7 1.8 127.2 2011 2012 2013 2014e 2015f 2016f 2017f 2011 2012 2013 2014 2015f 2016f 2017f
Slide 31: Qatar's banking sector is growing rapidly and remains highly profitable
Qatar’s banking sector is growing rapidly and remains highly profitable Banking Sector USD billions Assets • Assets saw a healthy expansion over the period Dec-2009 Deposits to Dec-2014, growing by a CAGR of 16.5% Loans Loans to Deposit Ratio 111% • Deposits grew strongly by a CAGR of 19.5% over Dec
Slide 32: The non-hydrocarbon sector will drive growth in the next few years
The non-hydrocarbon sector will drive growth in the next few years Qatar Real GDP growth* % annual growth Hydrocarbon Non-Hydrocarbon Total 10.6 6.4 6.4 10.4 4.7 10.0 • Qatar is well-positioned to withstand lower oil prices 4.0 9.9 thanks to a low fiscal breakeven oil price, the 2.7 2.4 accumulation
Slide 33: Growth in the non-hydrocarbon sector is driven by higher project spending
Growth in the non-hydrocarbon sector is driven by higher project spending Investment Spending by Sector (2015-17) Major Projects % shares shown Budget Project End (USD bn) Real Estate 49% Lusail Mixed-Use Development 45.0 2019 Real Estate Barwa Al Khor Development 10.0 2025 Transport 28% Airport Cit
Slide 34: Inflation is moderating but should pick up gradually going forward
Inflation is moderating on lower international commodity prices and slowing rent inflation, but should pick up gradually going forward CPI Inflation* % change; weights given in brackets Domestic (74%)* Foreign (26%)* Total • Lower international food prices are expected in 2015 due to slowing world d
Slide 35: Strong fundamentals have kept CDS spreads low
Strong fundamentals have kept CDS spreads low Qatar Credit Default Swap (CDS) Spreads, 5-year USD CDS spreads are the annual cost of insuring sovereign debt against default in basis points 100 90 80 70 60 50 40 30 20 10 0 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 •
Slide 36: Qatar's business environment is one of the strongest in the MENA region
Qatar’s business environment is one of the strongest in the MENA region Business Environment Rankings Contributing factors • Strong economic fundamentals - Strong growth and successful focus on diversification - High levels of government spending and personal 2nd in MENA World Economic Forum consump
Slide 37: Qatar is the fastest growing economy in the MSCI Emerging Market group
Qatar is the fastest growing economy in the MSCI Emerging Market group… MSCI EM: Real GDP CAGR (2009-14, %) 12 9.6 9 8.5 7.2 6.3 7 5.8 5.8 5.8 5.4 4.8 4.6 4.4 4.0 Average, 4.1 3.7 3.6 4 3.3 3.2 3.0 2.8 2.7 2.4 1.2 0.9 2 -1 -4 -6 -4.9 Korea Thailand Poland Turkey Colombia Taiwan Indonesia Malaysia Pe
Slide 38: …with the lowest inflation rate…
…with the lowest inflation rate… MSCI EM: Average CPI inflation (2009-14, %) 14 12 10.8 9.3 9 7.8 7.8 7 5.4 5.6 5.8 Average, 3.9 3.8 4.1 4 2.9 3.0 3.4 2.2 2.4 2.5 2.5 2.6 2.1 1.2 1.4 1.6 2 0.9 0.4 -1 -4 -6 Thailand Korea Poland Taiwan Colombia Turkey Malaysia Peru Czech Republic Mexico Indonesia Ind
Slide 39: …the highest current account surplus…
…the highest current account surplus… MSCI EM: Average Current Account Balances (2009-14, % of GDP) 28 25 24.1 23 20 18 15 13 11.2 10.2 10 8.7 8 5 4.1 3.8 3.7 2.9 2.8 Average, 1.5 3 1.8 0 -3 -1.0 -1.0 -1.4 -1.6 -2.3 -2.5 -2.6 -3.0 -5 -3.3 -3.4 -3.8 -8 -5.3 -6.3 -10 Poland Korea Thailand Colombia Tur
Slide 40: …and the highest fiscal surplus
…and the highest fiscal surplus MSCI EM: Average General Government Fiscal Balance (2009-14, % of GDP) 15 12.4 13 10 8 5.2 5 3 1.0 0.5 0 -3 -0.7 -0.8 -0.9 -1.4 -1.5 -1.7 -1.7 Average, -2.2 -2.4 -5 -3.2 -3.4 -3.6 -4.1 -4.2 -4.3 -4.5 -5.2 -8 -8.0 -8.0 -10 -10.5 -13 Korea Thailand Colombia Turkey Polan
Slide 41: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • These materials contain statements about future events and expectations that are forward-looking statements. • These statements typically