Allied Bank Limited · PSX:ABL
Allied Bank — H1 2024 Earnings Presentation
23 slides from Allied Bank's earnings presentation, June 2024
Slide 1: Financial Presentation June 2024
Financial Presentation June 2024
Slide 2: Contents
Contents 10 Deposits ABL at Glance 3-4 & Economic Highlights Digital Foot Prints & 11-12 Major Highlights Network Outreach 5-7 Balance Sheet Income Statement K13 Key Ratios 08 Investments Stock Market 14 Information Advances 09 & Asset Quality 15-20 Ratings / Annexure
Slide 3: ABL at Glance
BL at Glance ATMs : 1572 Subsidiary (100%Holding) On Site : 1325 ABL Asset Management Co. Off Site : 242 Ltd. MBU : 5 ABL Exchange (Private) Ltd. Rep Office : 2 Entity Credit UAE - Dubai Rating Long Term: AAA CHINA - Beijing Short Term: A1+ Corporate Overseas Governance Rating Branches : 2 Bahrain W
Slide 4: Economic Highlights
Economic Highlights Workers Remmittances- US$ Million 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Jun-23 Jul-23 Aug-23 Sep-23 Oct-2 3 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-2 4 Jun-24 2023-24 2022-23 Export & Import- US$ Million TD Trade Deficit & Current Account CAD 7,000 - 800 6,000 600 (500)
Slide 5: Highlights Financial Position (Assets)
Highlights Financial Position (Assets) (Rs. in Billion) Net Advances 3,000 12% 200 32% 100 Net Investments 2,500 4% -1% Rs.773 2,000 54 133 -9 10 0 -100 Rs.1,283 1,500 2,518 -200 1,000 2,329 Net Advances -300 reached at Rs. 773 500 billion as on June -400 Net Investments 30, 2024; decreased - -500 r
Slide 6: Highlights Financial Position (Liabilities)
Highlights Financial Position (Liabilities) (Rs. in Billion) Deposits Total Equity 12% Rs.1,877 Rs.219 -11% 7% CASA Jun’24 Stood 201 6 2,299 at: 83%. Total Equity stood at 2,135 -42 Rs. 219 billion; Deposits aggregated increased by 12.5% to reach at Rs. 1,877 (Dec 2023: Rs. 194 billion; increased by
Slide 7: Highlights Income Statement
Highlights Income Statement Net Interest (Rs. in Million) Income Profit before Tax 15% Rs.58,481 Rs.46,510 17% 211% 18% Net Interest Income 29% (NII) stood at Profit before Tax 7,579 2,062 4,127 5,792 23,641 Rs. 58,481 17,443 reached at million during the Rs. 46,510 million; increased by 32% -5,108
Slide 8: Investments
Investments (Rs. in Million) Investments Jun'24 Dec'23 Var. Growth Pakistan Investment Bonds 1,174,971 1,009,785 165,186 16% Market Treasury Bills 18,243 63,108 (44,864) -71% Listed and Unlisted Shares 10,842 13,331 (2,489) -18.7% TFCs, Bonds, Sukuks and Mutual Funds 72,662 80,681 (8,019) -10% Subsi
Slide 9: Advances & Asset Quality
Advances & Asset Quality NPLs (Rs. in Billion) Rs.12.4 Gross Advances • NPLs at Rs.12.4 billion (5%↓) Rs. 787 • NPL Ratio 1.58% (0.1%↓); • Industry Mar’24: 7.9% Gross advances • Specific NPL stood at Rs.787 Coverage 94.9% billion (1%↓) (0.3%↑) & (Industry Overall NPL advances;1%↑) Coverage at 110.35
Slide 10: Deposits
Deposits (Rs. in Billion) Particulars Jun' 24 Dec' 23 Var (%) Market Share: 6% Current 775 706 10% Saving 787 717 10% Industry Growth: 12% Term 315 253 24% Total Deposits 1,877 1,677 12% ABL CASA Mix: 83% 1,877 1,677 1,522 1,413 1,217 1,562 985 1,049 1,423 805 883 1,201 735 1,189 608 611 1,062 515 8
Slide 11: Digital Channels / Digital Foot Prints
Digital Channels myABL Registered WhatsApp Users Users 1.1 Million 1.9 Million Cards In Digital Circulation Digital Touchpoints Foot 3.3 Million 23 Prints Social Media Followers Digital Vs Counter Facebook 2.0 million Transaction Instagram 0.05 million Digital: 83% LinkedIn 0.4 million Counter: 17%
Slide 12: Branches and Network Outreach
Islamic Sub Conventional Branches Branches Branches Branches 1360 133 05 1493 Shariah Compliant Conventional Sub Branches Total Branches Branches Branches Global Digital Presence Total ATMs Offsite ATMs Branches 02 1572 1325 Representative Office 14 Digital Total Automated Onsite Automated 02 Branch
Slide 13: Key Ratios
Key Ratios ROA ROE 2.00% 1.78% 35.00% 1.58% 29.40% 29.60% 30.00% 1.50% 1.17% 1.00% 0.96% 0.99% 25.00% 18.75% 18.41% 1.00% 20.00% 16.24% 16.46% 15.00% 0.50% 10.00% 0.00% 5.00% 2019 2020 2021 2022 2023 Jun-24 0.00% 2019 2020 2021 2022 2023 Jun-24 ROA ROE CAR Gross ADR 56.33% 35.00% 30.10% 60.00% 47.68
Slide 14: Stock Market Data
Stock Market Data Allied Bank Limited (ABL) Stock Price vs Market - Pakistan Stock Exchange Code: ABL Trend 100.0% Bloomberg Code: ABL PA 80.0% 60.0% Shares Outstanding (mln): 1,145.07 40.0% Market Capitalization (Rs. bln): 126.187 20.0% 0.0% Jun -23 Jul- 23 Au g-23 Sep -23 O ct-23 No v-2 3 Dec -2 3
Slide 15: Corporate Governance & Ratings
Corporate Governance & Ratings Entity CGR Deposits Rating PACRA VIS Credit Rating Moody’s Company • AAA (Long Term) • CGR-9++ (Corporate Governance • Caa3/NP • A1+ (Short Term) Rating) • Outlook Stable, in line with • A very low expectation of • Very high level of corporate Stable outlook on the cre
Slide 16: Annexures
Annexures 01 Annexure A Statement of Financial Position - Standalone 02 Annexure B Statement of Financial Position - Consolidated 03 Annexure C Income Statement - Standalone 04 Annexure D Income Statement - Consolidated 16/24
Slide 17: Statement of Financial Position: Standalone
Statement of Financial Position : Standalone Rs. in Million US$ in Million ASSETS Growth Jun'24 Dec'23 Variance Jun'24 Dec'23 Variance Cash and Balances with Banks 194,044 158,592 35,452 697 570 127 22% Lending to FIs 28,094 9,418 18,676 101 34 67 198% Investments - net 1,283,420 1,150,318 133,102 4
Slide 18: Statement of Financial Position: Consolidated
Statement of Financial Position : Consolidated Rs. in Million US$ in Million ASSETS Growth Jun'24 Dec'23 Variance Jun'24 Dec'23 Variance Cash and Balances with Banks 193,981 158,580 35,401 697 570 127 22% Lending to FIs 28,094 9,418 18,676 101 34 67 198% Investments - net 1,285,575 1,154,597 130,978
Slide 19: Income Statement: Standalone
Income Statement : Standalone Rs. in Million US$ in Million Particulars Growth Jun'24 Jun'23 Variance Jun'24 Jun'23 Variance Mark-up and Interest Income 192,352 169,131 23,221 691 608 83 14% Mark-up and Interest Expensed 133,871 118,228 15,643 481 425 56 13% Net Mark-up and interest Income 58,481 50
Slide 20: Income Statement: Consolidated
Income Statement : Consolidated Rs. in Million US$ in Million Particulars Growth Jun'24 Jun'23 Variance Jun'24 Jun'23 Variance Mark-up and Interest Income 192,415 168,902 23,513 691 607 84 14% Mark-up and Interest Expensed 133,892 118,254 15,638 481 425 56 13% Net Mark-up and interest Income 58,523
Slide 21: Disclaimer
Disclaimer The information being presented herein is solely for your information. Except for the historical information, statements that describe the Bank’s objectives, plans or goals discussed in Investor Conference Call are forward looking statements. These forward looking statements involve a num
Slide 22: Contact Us
Contact Us Sikander Ali Khan Unit Head Strategic Planning, Finance +92-42-35880043 Investor.Relations@abl.com Ext: 32637
Slide 23: Thank You