Pt Bank Qnb Indonesia Tbk · IDX:BKSW
Pt Bank Qnb Indonesia Tbk — QNB Group — Investor Presentation (March 2015)
41 slides from Pt Bank Qnb Indonesia Tbk's investor presentation, March 2015
Slide 1: Investor Relations Presentation
Investor Relations Presentation March 2015
Slide 2: Contents
Contents 1. QNB at a Glance 2. QNB Comparative Positioning – Qatar and MENA 3. Financial Highlights – as at 31 March 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, nu
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 Mar-15 Mar-14 5yr CAGR the Qatar Investment Authority (QIA) Total Deposits 101.4 94.9 23% • Largest bank in Qatar by market cap., assets,
Slide 5: QNB's International Footprint
QNB's International Footprint Sub-Saharan Africa Middle East South Sudan: (1 Branch) Qatar: (81 Branches) Jordan: (1242 (+32) Branches, 34.5% stake Togo: (1,240 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
Top 5 Domestic Banks QNB continues to excel in the domestic market Assets Loans 137.8 94.9 31.9 27.1 19.8 22.8 20.4 17.7 17.3 14.0 Deposits Net Profit 101.4 0.73 19.5 17.0 16.7 0.14 0.12 0.12 0.11 12.4 Note: All amounts are in USD billions 8 Source: Companies’ March 2015 Press Release or Financial S
Slide 9: Top Regional Banks
Top 5 Regional Banks QNB maintained its position as the leading bank in the region across all categories Assets Loans 137.8 94.9 119.9 109.0 100.1 67.8 85.4 60.2 54.7 54.5 Deposits Net Profit 101.4 0.73 0.69 91.2 70.9 70.8 68.0 0.45 0.40 0.39 Note: All amounts are in USD billions 9 Source: Companies
Slide 10: Financial Highlights – as at 31 March 2015
Financial Highlights – as at 31 March 2015
Slide 11: QNB continues to demonstrate sustainable profitable growth
QNB continues to demonstrate sustainable profitable growth Financial Highlights (as at 31 March 2015) Growth vs. March 2014 unless stated • Net interest margin (NIM)2: 2.85% Profit1 • USD 735 million net profit +10% • Cost to income ratio: 21.7% +9% from Mar-14 • USD 137.8 billion assets +3% from De
Slide 12: Strong profitability growth
Strong profitability growth Income Statement Breakdown (USD billion for the period ended 31 March) Net Profit1 Operating Income2 Net Interest Income % RoAE3 % Cost to Income Ratio % Net Interest Margin3 5 yrs: 16% 5 yrs: 19% 5 yrs: 22% 0.73 1.10 0.87 0.67 1.03 0.81 0.59 0.55 0.81 0.62 0.65 0.77 0.47
Slide 13: Robust quarterly growth has been consistently delivered
Robust quarterly growth has been consistently delivered Quarterly Income Statement Income Statement USD 000s Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 • Net Interest Income 812,072 828,129 855,537 872,477 866,194 – FX Gain 49,368 54,550 65,223 54,716 57,015 – Fees and Commissions 135,436 140,685 150,6
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 31 March) Total Assets Evolution 2015 Split of Assets (%) USD billion By Type By Currency Cash and 137.8 QAR 51.3 Balances with 5.9 5 yrs: 22% 125.9 Central Banks Due from USD 24.7 104.4 6.4 Banks 85.5 EGP
Slide 15: Strong loan growth
Strong loan growth Loans Analysis (as at 31 March) Total Loans Evolution 2015 Split of Loans (%) USD billion By Geography By Sector Qatar 77.9 Government 12.0 94.9 5 yrs: 24% 87.1 Government 34.1 Egypt 7.2 Agencies 71.1 Services/ 24.9 Other GCC Commerce 55.3 3.4 Countries Real Estate 12.1 38.6 Europ
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 1,477 economic situation 1,116 1,
Slide 17: Highly rated investment portfolio with 81% rated >AA or Sovereign
Highly rated investment portfolio with 81% rated >AA or Sovereign Investments Analysis (USD million as at 31 March 2015) Available-for-Sale Investment Securities Held to Maturity Financial Investments Quoted Fixed rate Unquoted Floating rate State of Qatar 2,009 State of Qatar 5,888 Sovereign Debt 0
Slide 18: Robust growth in customer deposits and funding
Robust growth in customer deposits and funding Funding Analysis (as at 31 March) Total Customer Deposits Evolution 2015 Split of Deposits (%) USD billion By Sector By Type 101.4 5 yrs: 23% 94.9 Time Government 8.6 69.7 Deposits 76.9 Government 33.0 Agencies Saving 60.0 2.7 Accounts 49.4 Corporates 3
Slide 19: Solid liquidity profile with loans to deposit ratio consistently below 95%
Solid liquidity profile with loans to deposit ratio consistently below 95% Liquidity Analysis (as at 31 March) Loans to Deposits Ratio Evolution 2015 Sources of Liquidity % % of total liabilities 92.1% 92.5% 91.8% 93.6% Due to 78.2% Banks 6.6 Customer Deposits 82.6 Debt 4.9 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 5.7 billion Establi
Slide 21: Strong capital adequacy ratio maintained above 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 % 14.1 14.5 12.8 16.2 15.1 12.5 (QCB) 2013 2014 Mar-15 2014 Mar-15 9.5 9.5 9.5 • Capit
Slide 22: Increasing geographical diversification positively contributes to growth
Increasing geographical diversification positively contributes to growth Geographical Contribution (as at 31 March) Domestic International % Share of International as percentage of the total Net Profit Loans Deposits USD billion USD billion USD billion 0.73 94.9 101.4 0.67 87.1 94.9 0.59 71.1 76.9 6
Slide 23: Diversifying business mix will bolster sustainable growth
Diversifying business mix will bolster sustainable growth Business Mix Contribution (% share as at 31 March 2015) Lines of Business Net Profit Op. Income Loans Deposits 94 82 91 76 • Maintain dominant domestic Group market share Corporate • Grow international contribution • Nurture SME business in Q
Slide 24: QNB ALAHLI
QNB ALAHLI Financial Highlights (as at 31 March 2015) Growth vs. March 2014 unless stated • Net interest margin (NIM)1: 4.65% Profit • USD 73.3 Mn +34% • Cost to income ratio: 30.6% +31% from Mar-14 • USD 15.1 Bn assets +7% from Dec-14 • NPL (% of gross loans): 3.0% Assets • USD 6.9 Bn loans +23% fr
Slide 25: QNB Group Financials
QNB Group Financials Key data (as at 31 March 2015) QNB QNB incl. QNB ALAHLI % Contribution Financials Ratios Presence USD billion 138 0.74 18.1% 127% 129% 124 0.67 15.1% 101 95 89 88 14,769 1.4% 1.5% 632 9,661 453 Total Loans & Customer Profit Capital NPL Coverage Branches Staff Assets Advances Dep
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: …and was one of the world's fastest growing economies during 2008-13
…and was one of the world’s fastest growing economies during 2008-13 Real GDP: Countries with fastest growth (2008-13) % CAGR, annual growth • Qatar’s compound annual real growth (CAGR) of 10.7% during 2008-13 was the world’s fastest, 10.7% 10.5% 10.2% 10.1% 10.0% reflecting the expansion in LNG pro
Slide 29: Hydrocarbon growth driven by gas production expansion; now plateaued
Hydrocarbon growth has been driven by a dramatic expansion in gas production; it has now plateaued, given the authorities’ moratorium on further gas explorations 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.
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 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 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 (2009-2014) USD billions Assets Deposits • Assets saw a healthy expansion over the period Dec-2009 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 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 (2011-17f) % annual growth 20.0 Hydrocarbon Non-hydrocarbon Overall 15.0 13.0 15.6 10.0 6.0 6.3 6.5 7.0 7.5 7.9 • Expansion plans in the oil and gas sector are now on 1.9 1.8 11.9 10.9 10.8 1.3 10.7 10.9 5.0 10.
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 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 2014e 2015f 2016f • Qat
Slide 34: Inflation remains moderate notwithstanding higher rent inflation
Inflation remains moderate notwithstanding higher rent inflation CPI Inflation, Domestic and Foreign (2011-17f) % change in consumer prices 5.0 • The influx of expatriate workers will put moderate pressure on domestic prices, particularly rent Domestic Foreign CPI inflation 4.0 • Inflation is estima
Slide 35: Strong fundamentals have kept CDS spreads low
Strong fundamentals have kept CDS spreads low Qatar CDS Spread (Jan 2013 – Feb 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 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-1
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 (2009-13, %) 12 10.7 10 8.9 8 7.0 5.9 5.5 6 5.3 4.3 4.2 4.0 3.7 Average, 3.4 4 3.3 3.2 3.2 2.9 2.7 2.7 2.2 1.9 1.8 2 1.0 0 -0.5 -2 -1.0 -4 -6 -5.2 -8 Source: IMF World Economic Outlook 37
Slide 38: …with the lowest inflation rate…
…with the lowest inflation rate… MSCI EM: Average CPI inflation (2009-13, %) 12 10.9 10.6 10 7.5 7.8 8 6 5.6 5.6 5.2 Average, 4.0 4.1 4.2 3.8 4 2.9 3.0 3.0 2.6 2.7 2.2 2.3 1.8 1.9 2.0 2 0.8 1.0 0 -0.1 -2 Source: Bloomberg 38
Slide 39: …the highest current account surplus…
…the highest current account surplus… MSCI EM: Average Current Account Balances (2009-13, % of GDP) 30 25 24.0 20 15 11.0 10.4 9.6 10 5 3.7 3.6 3.5 3.0 2.6 Average, 1.4 0.8 0 -0.6 -0.9 -1.1 -2.4 -2.4 -2.5 -2.6 -2.9 -3.2 -5 -3.8 -3.9 -6.4 -6.6 -10 Source: IMF World Economic Outlook 39
Slide 40: …and the highest fiscal surplus
…and the highest fiscal surplus MSCI EM: General Government Fiscal Balance (2009-13, % of GDP) 15 10.2 10 7.8 5 1.1 0.7 0 -0.6 -1.2 -1.3 -1.5 -1.8 -1.8 -1.8 Average, -2.3 -2.0 -2.7 -2.9 -5 -3.9 -4.0 -4.5 -4.5 -4.7 -5.7 -10 -8.2 -9.2 -9.9 -15 Source: IMF World Economic Outlook and QNB Economics 40
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