Saudi Awwal Bank · TADAWUL:1060
Saudi Awwal Bank — Q1 2023 Earnings Presentation
14 slides from Saudi Awwal Bank's earnings presentation, 2023
Slide 1: SAB 1Q23 Results Presentation
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Slide 2: Key messages and profile: 1Q23 key messages
KEY MESSAGES AND PROFILE 1023 Key messages @ Strategy execution is on track with more than two-thirds of our SAR1.5bn fund committed; continued digital STRATEGY ON 2 TRACK enhancements improving customer experience 1023 OTD We continue to be a key player in supporting the Vision 2030 transformation
Slide 3: SAB's strengths and diversified businesses
SAB’s strengths SAB credentials! We are the leading international bank in the Kingdom with a deep understanding of the needs of our Wealth and customers, and a bespoke product suite that brings intrinsic value to our customers. Our unique Personal partnership with HSBC Group enables us to bring inte
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Slide 5: Revenue
Revenue 1023 PERFORMANCE We delivered SAR3.2bn of revenue in 1023 — a new record, with all businesses driving the strong performance; NIM continued to expand to 3.1% Revenue by business: Quarterly trend SARm Other Ml Capital markets Mill Treasury MM wes Ml Ci8 SAR3.2bn of revenue is anew record quar
Slide 6: Non-funds income
Non-funds income 1023 PERFORMANCE Non funds income up 14% compared with 1022; all key businesses driving an improved fee performance Underlying non-funds income growth: 1023 vs. 1022 599 a Other income Foreign Exchange income Fee income Higher fee income Higher foreign Higher other income ‘exchange
Slide 7: Costs
Costs 1023 PERFORMANCE 1023 costs have increased 20% compared with 1022 but down 7% compared with 4022; quarterly CER ratio improves to 31.3% Recent cost trend, SARm 4021 1022 2022 3022 4022 + Higher staff costs as we increased our headcount as we move further through our investment cycle and from h
Slide 8: Purchased or originated credit impaired
Purchased or originated credit impaired 102 45 47 27 30 24 13 8 3.8 3.7 3.8 3.8 3.8 3.8 7
Slide 9: Customer lending
Customer lending 1023 PERFORMANCE 4% lending growth during 1023: a strong start to 2023; corporate originations remain strong with a healthy pipeline; mortgage growth continues Gross customer lending, SARbn Gross customer lending 1023 vs. 4022, SARbn oe oe 182.1 182.9 aig /' aag0 '! 4az1 10222022302
Slide 10: Customer deposits
1023 PERFORMANCE Customer deposits Funding and liquidity remain robust, non-interest bearing deposit ratio remains stable despite continued pressures Customer deposits, SARbn Demand deposit ratio, % Liquidity coverage ratio, % Stable funding base Market leading non-interest bearing deposit ratio Hig
Slide 11: Capital and returns
Capital and returns 1023 PERFORMANCE Returns continue to build whilst CET1 ratio decreased in the quarter mainly as a result of adopting Basel 3 reforms Return on tangible equity, % Hl Loss from discontinued operations [Ml] SAB reported 71.8 ia —ii1— 189 11.3 72 V7 2020 2021 2022 1023 annualised QTD
Slide 12: Concluding remarks and 2023 guidance
Concluding remarks and 2023 guidance Strategy on track, investment plan on track, growth on track Progress in 1023 delivers 60% revenue growth and 76% net income growth YoY, resulting in an annualised RoTE of 15.9%'; 1023 OTD NIM expansion to 3.1% Loan growth of 4% OTD in line with our plan supporte
Slide 13: Disclaimer
Disclaimer Important notice The information, statements and opinions set out in this presentation are for informational and reference purposes only and do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities
Slide 14: Jail
Jail SAB