Pt Bank Qnb Indonesia Tbk · IDX:BKSW
Pt Bank Qnb Indonesia Tbk — QNB (Qatar National Bank) — Investor Presentation (June 2015)
42 slides from Pt Bank Qnb Indonesia Tbk's investor presentation, June 2015
Slide 1: Investor Relations Presentation
Investor Relations Presentation June 2015
Slide 2: Contents
Contents 1. QNB at a Glance 2. QNB Comparative Positioning – Qatar and MENA 3. Financial Highlights – as at 30 June 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, num
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 Jun-15 Jun-14 5yr CAGR the Qatar Investment Authority (QIA) Total Assets 140.2 127.9 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 benefits from a "very high" likelihood of support from Qatar's government thanks to its "very important" economic role for and "very strong" link with the government.…” August 29th, 2014 “Aa3” with “Stable” outlook “QNB has one of the strongest asset q
Slide 7: QNB Comparative Positioning – Qatar and MENA
QNB Comparative Positioning – Qatar and MENA
Slide 8: Top Domestic Banks – June 2015
Top 5 Domestic Banks – June 2015 QNB continues to excel in the domestic market Assets Loans 140.2 97.8 32.7 31.9 21.0 19.9 22.7 22.3 16.3 14.6 Deposits Net Profit 104.7 1.53 23.3 0.28 0.27 17.6 16.0 14.2 0.25 0.22 Note: All amounts are in USD billions 8 Source: Companies’ June 2015 Press Release or
Slide 9: Top Regional Banks – June 2015
Top 5 Regional Banks – June 2015 QNB maintained its position as the leading bank in the region across all categories Assets Loans 140.2 97.8 123.0 106.9 105.7 69.7 87.2 62.1 59.3 56.2 Deposits Net Profit 104.7 1.53 96.1 1.32 74.7 71.1 62.7 0.92 0.90 0.78 Note: All amounts are in USD billions 9 Sourc
Slide 10: Financial Highlights – as at 30 June 2015
Financial Highlights – as at 30 June 2015
Slide 11: QNB continues to demonstrate sustainable profitable growth
QNB continues to demonstrate sustainable profitable growth Financial Highlights (as at 30 June 2015) Growth vs. June 2014 unless stated • Net interest margin (NIM)2: 2.86% Profit1 • USD 1.5 billion net profit +10% • Cost to income ratio: 21.0% +10% from Jun-14 • USD 140.2 billion assets +5% from Dec
Slide 12: Strong profitability growth
Strong profitability growth Income Statement Breakdown (USD billion as at 30 June) Net Profit1 Operating Income2 Net Interest Income % RoAE3 % Cost to Income Ratio % Net Interest Margin3 5 yrs: 16% 5 yrs: 18% 1.53 2.26 5 yrs: 20% 1.39 2.10 1.75 1.30 2.00 1.64 1.55 1.13 1.55 1.23 0.97 1.26 0.95 2011
Slide 13: Robust quarterly growth has been consistently delivered
Robust quarterly growth has been consistently delivered Quarterly Income Statement Income Statement USD 000s Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 • Net Interest Income 828,129 855,537 872,477 866,194 883,438 – FX Gain 54,550 65,223 54,716 57,015 54,771 – Fees and Commissions 140,685 150,685 154,1
Slide 14: Strong asset growth driven by lending activities mainly in QAR and USD
Strong asset growth driven by lending activities mainly in QAR and USD Assets Analysis (as at 30 June) Total Assets Evolution 2015 Split of Assets (%) USD billion By Type By Currency 5 yrs: 22% 140.2 Cash and Balances with 6.5 QAR 49.4 127.9 118.5 Central Banks Due from USD 24.9 5.9 Banks 90.9 EGP 1
Slide 15: Strong, high quality loan growth
Strong, high quality loan growth Loans Analysis (as at 30 June) Total Loans Evolution 2015 Split of Loans (%) USD billion By Geography By Sector 5 yrs: +24%25% 97.8 Qatar 76.9 Government 9.7 89.6 81.4 Government 34.0 Egypt 7.5 Agencies 64.5 Services/ 25.8 Other GCC Commerce 3.6 Countries 41.3 Real E
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 1,452 economic situation 1,116 1,
Slide 17: Highly rated investment portfolio with 85% rated >AA or Sovereign
Highly rated investment portfolio with 85% rated >AA or Sovereign Investments Analysis (USD million as at 30 June 2015) Available-for-Sale Investment Securities Held to Maturity Financial Investments Quoted Fixed rate Unquoted Floating rate State of Qatar 1,963 State of Qatar 5,876 Sovereign Debt 0
Slide 18: Robust growth in customer deposits and funding
Robust growth in customer deposits and funding Funding Analysis (as at 30 June) Total Customer Deposits Evolution 2015 Split of Deposits (%) USD billion By Sector By Type 5 yrs: 22% 104.7 94.8 Government 4.4 Time 89.6 72.5 Deposits Government 67.5 34.5 Agencies Saving 2.7 53.9 Accounts Corporates 44
Slide 19: Solid liquidity profile with loans to deposit ratio consistently below 96%
Solid liquidity profile with loans to deposit ratio consistently below 96% Liquidity Analysis (as at 30 June) Loans to Deposits Ratio Evolution 2015 Sources of Liquidity % % of total liabilities 95.4% 90.9% 94.5% 93.4% Due to 76.7% Banks 5.4 Customer Deposits 84.2 Debt 4.8 Securities 2011 2012 2013
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 5.9 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 % 15.3 14.1 12.8 16.3 14.4 12.5 (QCB) 2013 2014 Jun-15 2014 Jun-15 9.5 9.5 9.1 • Capit
Slide 22: Increasing geographical diversification positively contributes to growth
Increasing geographical diversification positively contributes to growth Geographical Contribution (as at 30 June) Domestic International % Share of International as percentage of the total Net Profit Loans Deposits USD billion USD billion USD billion 1.53 97.8 104.7 1.39 89.6 94.8 1.30 81.4 89.6 65
Slide 23: Diversifying business mix will bolster sustainable growth
Diversifying business mix will bolster sustainable growth Business Mix Contribution (% share as at 30 June 2015) Lines of Business Net Profit Op. Income Loans Deposits 91 82 89 75 • Maintain dominant domestic Group market share Corporate • Grow international contribution • Nurture SME business in Qa
Slide 24: QNB ALAHLI
QNB ALAHLI Highlights (as at 30 June 2015) Growth vs. June 2014 unless stated • Net interest margin (NIM)1: 4.67% Profit • USD 151.5 Mn +11% • Cost to income ratio: 30.5% +21% from Jun-14 • USD 15.6 Bn assets • NPL (% of gross loans): 2.9% +4% from Dec-14 Assets • USD 7.4 Bn loans +13% from Jun-14 •
Slide 25: QNB Group Financials
QNB Group Financials Key data (as at 30 June 2015) QNB QNB incl. QNB ALAHLI % Contribution Financials Ratios Presence USD billion 140 1.53 16.3% 129% 133% 126 1.39 14.4% 105 98 91 92 14,969 1.3% 1.5% 454 633 9,719 Total Loans & Customer Profit Capital NPL Coverage Branches Staff Assets Advances Depo
Slide 26: Economic Overview
Economic Overview
Slide 27: Qatar has the world's highest hydrocarbon wealth per national…
Qatar has the world’s highest hydrocarbon wealth per national… GCC oil & gas wealth (2013) Hydrocarbon GDP per Hydrocarbon Reserves per National (k USD) National (k boe) 404 Qatar 687 152 UAE 133 95 Kuwait 98 16 Saudi 16 18 Oman 5 14 Bahrain 2 • Qatar has the world’s highest hydrocarbon GDP per • Qa
Slide 28: Qatar has the world's highest hydrocarbon wealth per national…
Qatar has the world’s highest hydrocarbon wealth per national… GCC oil & gas wealth (2013) Hydrocarbon GDP per Hydrocarbon Reserves per National (k USD) National (k boe*) 404 Qatar 687 152 UAE 133 95 Kuwait 98 16 Saudi 16 18 Oman 5 14 Bahrain 2 • Qatar has the world’s highest hydrocarbon GDP per • Q
Slide 29: … and was one of the world's fastest growing economies during 2009-14
… and was one of the world’s fastest growing economies during 2009-14 Real GDP: Countries with fastest growth (2009-14)* % CAGR, annual growth • Qatar’s compound annual real growth (CAGR) of 13.9% 9.6% during 2009-14 was one of the world’s fastest, 11.1% 10.4% 10.2% 9.6% reflecting the expansion in
Slide 30: Hydrocarbon growth driven by gas production expansion; 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 Hydrocarbon Production Gas Production (m boe/day) Oil & Condensate Production (m b/d) Total 4.9 4.9 5.1 4.7 4.8 4.8 4.5 1.9 2.0 2.0 2.0 1.9 2.0 3.8 1.
Slide 31: 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 Millions and % CAGR USD thousands and % CAGR 2.5 2.6 2.4 103.8 2.2 98.0 101.4 2.0 93.8 89.2 1.7 1.8 82.3 75.4 2011 2012 2013 2014e 2015f 2016f 2017f 2011 2012 2013 2014e 2015f 2016f 2017f • Popu
Slide 32: Qatar's banking sector is growing rapidly and remains highly profitable
Qatar’s banking sector is growing rapidly and remains highly profitable Banking Sector (2009-2014) 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
Slide 33: 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 (2013-17f)* % annual growth 15 Hydrocarbon Non-Hydrocarbon Real GDP 10 7.5 7.9 6.3 6.2 7.0 5 • Expansion plans in the oil and gas sector are now on 11.0 11.5 10.8 10.7 10.9 hold and real hydrocarbon sector growt
Slide 34: Growth in the non-hydrocarbon sector is driven by higher project spending
Growth in the non-hydrocarbon sector is driven by higher project spending MEED Project Spending (2000-17f)* USD billions 45.1 45.4 41.8 30.8 31.1 29.5 28.8 27.8 25.9 19.2 16.3 10.5 6.1 3.5 4.5 1.5 2.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014f 2014 2015f 2016f • Qata
Slide 35: Inflation remains moderate notwithstanding higher rent inflation
Inflation remains moderate notwithstanding higher rent inflation CPI Inflation, Domestic and Foreign (2013-17f)* % change; weights given in brackets Domestic (74%)* Foreign (26%)* Total 5 • The influx of expatriate workers will put moderate pressure on domestic prices, particularly rent 4 inflation
Slide 36: Strong fundamentals have kept CDS spreads low
Strong fundamentals have kept CDS spreads low Qatar CDS Spread (Jan 2013 – Jul 2015) Credit Default Swap 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-1
Slide 37: 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 38: 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 Poland Korea Thailand Turkey Colombia Taiwan Indonesia Malaysia Pe
Slide 39: …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 40: …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 41: …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 42: 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
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