Cfg Bank Sa Class A · CSEMA:CFG
Cfg Bank Sa Class A — Investor Day (May 2025)
33 slides from Cfg Bank Sa Class A's investor day presentation, May 28, 2025
Slide 1: Capital Markets Day CFG Bank May 28, 2025
Capital Markets Day CFG Bank May 28, 2025 1
Slide 2: Table of Contents
A great progress provides 01 03 an excellent baseline for A unique player in the future growth banking sector CFG Bank Mid-term projections CONTENTS TABLE OF 02 04 An untapped potential A new headquarters in our current segments in 2026 Drivers of growth Headquarters 2
Slide 3: A unique player in the banking sector
CONTENTS A unique player in the 01 TABLE OF banking sector CFG Bank 3
Slide 4: A unique player in the banking sector
ABOUT CFG BANK A unique player in the banking sector 1 Since 1992 Commercial bank, with a 1st independent investment bank in high increase of loans : Morocco… MAD 16 billion 16 Mds MAD Asset management, brokerage, corporate finance and private equity … with a strong positioning in several market seg
Slide 5: A disruptive commercial Bank concept
A disruptive commercial Bank concept Commercial Bank 1 Customer centric approach Simplifying the customer experience, transparency and Agility Focus on 2 segments customized relationship are the 3 (retail / medium & large key pillars of the strategy corporates) 2 Technology Differentiation through t
Slide 6: Customer-centered organization with Retail and Corporate concepts
An organization that places the customer at the center of its strategy with two coherent concepts : Retail & Corporates… Retail Bank Corporate Bank A modern and technologically An organization advanced bank with a limited network A Corporate Bank with the DNA of an investment Bank, encompassing : th
Slide 7: Hybrid and multichannel system for Retail Bank
Hybrid and multichannel system designed Retail Bank to enhance the customer experience CFG BANK APP Account self management Rated 4.7 on apple store ADVISORS A dedicated advisor to every customer TELEBANK Banking transactions 7/7, until 9pm, bankers online 100 ATMs All everyday operations 14 BRANCHE
Slide 8: An evolving and constantly renewing offer of products and services
An evolving and constantly renewing offer of Retail Bank products and services Cards & checks Mortgage loans ▪ Credit card printed in the branch within 15 min ▪ Track the progress of your ▪ Modify card limits, block, mortgage on the app unblock,.. ▪ Download the amortization table ▪ Checkbook printe
Slide 9: A new generation of branches
A new generation of branches 14 state-of-the art branches in the main cities (Casablanca, Rabat, Marrakech, Tangier, Fes) opened until 7 pm 9 9
Slide 10: Key indicators as of March 2025 Retail Bank
Key indicators as of March 2025 Retail Bank Réseau Clients 14 100 ~64,000 92% # Retail # ATMs Customers branches Of which 62 using digital ATMs off-site # Total clients Outstanding loans (retail) Deposits (retail) 93% Digital ~4.5 ~6.5 transactions Loans Deposits (in MAD billion) (in MAD billion) 10
Slide 11: An organization that promotes synergies and cross-selling
An organization that promotes synergies and Corporate Bank “cross-selling” Financing Corporate Finance FX Private Bank Brokerage Asset Management Custody 11
Slide 12: Corporate Bank target customers and financing
Corporates Sensitive customers who value quality of service, advice and quick execution Core Target > 50 M Revenues (MAD) A customer Structured Type of financing : An efficient centric and low organization approach risk loans Investment loans Leasing Financing tickets (MAD) : Speed in decision makin
Slide 13: A pioneer Private Bank renowned for its expertise
Private Bank A pioneer Private Bank renowned for its expertise Minimum wealth / client (MAD) 5M A Private Bank distinct from the retail bank, with its own branches and services At CFG Bank, Private banking services starting from a minimum wealth of MAD 5 million. Loans ~ 2.5 B Innovative Products St
Slide 14: Investment banking activities serving both retail and corporate bank
Investment banking activities serving both retail and corporate bank : a strong positioning in their sectors ASSET MANAGEMENT EQUITY BROKERAGE REAL ESTATE INVESTMENT MANAGEMENT MAD 26.8 billion 18% AUM as of April 2025 Market share 12,7 MMDH AUM as of April 2025 # 41 A unique positioning on internat
Slide 15: An untapped potential in our current segments
CONTENTS TABLE OF An untapped potential in 02 our current segments Drivers of growth 15
Slide 16: How to continue growing?
How to continue growing ? 1 Choose new segments ? Not planned at the moment 2 Expand current segments ? Are our segments → No, current segments still saturated ? have growth potential. Are we covering all → No, some products are not products for current yet offered by CFG Bank segments? 16
Slide 17: There's still untapped potential in our current segments
How to continue growing? ‘’ There’s still untapped potential in our current segments, with a goal to expand the product offering further. ‘’ 17
Slide 18: Untapped potential in our current segments
Retail customers Untapped potential in our current segments ~ 64,000 2025 Segmentation studies demonstrate a high Retail segments potential of growth in our segments, highlighting the following advantages : ▪ Priority segments in terms of attractiveness Number of retail customers and ease of activat
Slide 19: Expansion of the banking network with 7 new branches by 2028/2029
Retail Branches Expansion of the banking network to support growth ambitions with opening 7 new branches by 2028/2029 14 Cities 2025 2028/ 2029 Actual retail branches Casablanca 7 11 Rabat 4 5 Marrakech 1 2 Tanger 1 2 Fes 1 1 ~21 Retail branches by 2028/2029 19
Slide 20: Products and services not yet offered by CFG Bank
Products and services not yet offered by CFG Bank Consumer loans Corporate day to day Trade Corporates treasury services Finance • Consumer loans • Cash management • Import • Working capital • Transactions & • Export financing • Car loans payments • LOA • Digital portal 20
Slide 21: Doubling of retail outstanding loans & deposits
Retail loans & deposits Doubling of outstanding loans & deposits, driven by the growth of the number of clients Mortgage penetration rate ~ 6% [8-9] x2 Gradual decrease in mortgage penetration rate (~5% in 2028/2029), ~4,5 considering the significant increase in the number of clients and cautious as
Slide 22: Doubling of corporates outstanding loans
Corporates loans Doubling of corporates outstanding loans Doubling of corporates outstanding loans with the following assumptions : ➢ Maintaining the pace of yearly [17-18] new capex loans and leasing, achieved over the past 2 years. x2 Maximum Single limit ~9 MAD [300 – 650]million [2025 – 2028/202
Slide 23: A great progress provides an excellent baseline for future growth
CONTENTS A great progress provides and excellent TABLE OF baseline for future 03 growth Mid-term projections 23
Slide 24: A sustained growth provides a solid baseline to build the future
A sustained growth provides a solid baseline to 1 Consistently growing results build the future, with a 1-year ahead of the A strong profitability improvement since 2020 and a announced IPO business plan very attractive ROE. 2 A proven business model A business model based on NBI Net income (GS) Loa
Slide 25: Growth ambition of doubling in size by 2028/2029
A growth ambition with the goal of ROE (2028/2029) High profitability > 16% doubling in size by 2028/2029, > 13% CAR (Tier 2) without any capital increase Well managed + 10% DPS [2026-2028] +10 % annual average increase of the dividend per share (DPS) leading to an average annually payout ratio of ~
Slide 26: NBI structure with significant share of commissions
KPIs A NBI structure characterized by a significant share of commissions and rapid growth in Net NIM > +20% Interest Margin CAGR [2024 – 2028/29] An average growth of +20% due the [1,800 – 2,000] doubling of outstanding loans x2 6% 37% Fees > +10% 941 CAGR [2024 – 2028/29] 15% Asset management +
Slide 27: Fees increasing by +10% on annual average
Fees increasing by +10% on annual average between 2024 and 2025/2029 vs +35% between 2020 and 2024 ~400 MDH > +10% Fees Fees 2024 CAGR [2024 – 28/29] Growth assumptions Growth linked to the increase of the Commercial bank fees & custody ~100 + 15% number of clients Volume growth linked to the in
Slide 28: Doubling of the bank balance sheet driven by all customer segments
KPIs Doubling of the bank balance sheet driven by all customer segments Loans ~ +20% CAGR [2024 – 2028/29] [29-31] Doubling of outstanding loans driven x2 14% Crédits GME by all customer segments and type of 28% loans, with an estimated market 15,4 Crédits immobiliers share around ~2.1% by 2028/2029
Slide 29: Doubling of Net Income group share
KPIs Doubling of the Net Income group share despite the increase of effective corporate tax CIR < 50% rate [2028 / 2029] Improvement of cost to income ratio, ~ 500 which will fall below 50% by 2028/2029 x2 Tax rate (corporate & solidarity) ~ 35% [2028 / 2029] 262 Increase of corporate tax rate, as C
Slide 30: A consistently high shareholders profitability without capital increase
KPIs A consistently high shareholders profitability without additional capital increase ROE > 16% [2025 – 2028/2029] > 16% DPS +10% 15.7% ROE [2 800 – 3 100] Par an ROE +10 % annual average increase of the dividend per share (DPS) leading to an 1 840 average payout ratio of ~40% CAR (Tier 2) > 13% [
Slide 31: New headquarters in 2026
CONTENTS New TABLE OF headquarters in 2026 06 Headquarters 31
Slide 32: New headquarters under construction, move planned for 2nd half of 2026
New headquarters under construction with a move planned for the 2nd half of 2026 32 32
Slide 33: Summary Target 2028/2029
TARGET 2028/2029 ~ 2 MMDH ~ 500 MDH NBI Net income (GS) Doubling of NBI and Net income group share by 2028/2029 > 16% > 13% SUMMARY ROE CAR Tier 2 High profitability Well managed 33