Attijariwafa Bank Sa · CSEMA:ATW
Attijariwafa Bank Sa — FY2025 Earnings Presentation
53 slides from Attijariwafa Bank Sa's earnings presentation, 2026
Slide 1: Attijariwafa bank - Believe in you
Si, Lagugyloill ao Attijariwafa bank Believe in you
Slide 2: Download the presentation
BOS You can download the presentation at : Oe SCAN HERE Sulipafail ‘jal https://irattijariwafabank.com/ @ o.baqaeattijariwafa.com Franc ets Ast Presentations Prspens eager Aa Peputs rl Sai ail Rees Fs. Wimisow|. 6 oat Campany Oveven + Franca ‘STOCK INFORMATION ay 665.00 as800 za ANALYST PRESENTATION
Slide 3: • • • •
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Slide 4: Overview of macroeconomic environment in AWB's countries of presence
Overview of macroeconomic environment in AWB's countries of presence
Slide 5: Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 5
Slide 6: Macroeconomic environment in Morocco: Outlook and main indicators per sector
Macroeconomic environment in Morocco : Outlook and main indicators per sector 2023 vs 2022 2024 vs 2023 2025 vs 2024 Agriculture 1.4% att AR 14.5% att Netonl Dom Fil Rate 25.5% 2.7% NA Te Phosphate and derivatives Phosphates exports -38.0% MA, 410.1% ott 17.3% att Natural and chemical fertilizers ex
Slide 7: Macroeconomic environment in Morocco: Structural stability & reform trajectory
HB Macroeconomic environment in Morocco : Outlook and main indicators per sector Structural stability & reform trajectory Indicators 2015 2025 2025 vs 2015 : = LN ad Lo World Bank Governance Sovereign Credit Rating 5Y CDS Spread FATF Compliance Road Network Rail (ONCF/TCV) Port & Logistics Tangier M
Slide 8: F Dec-19 Dec-20
F # Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 8
Slide 9: BAM.MIN INDEX BAM.MAX INDEX USD/MAD
11,22 BAM.MIN INDEX 10,93 BAM.MAX INDEX 10,74 USD/MAD 10,64 10,51 10,44 10,55 10,48 10,46 10,31 10,21 10,01 9,94 9,92 9,88 9,89 9,57 9
Slide 10: 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2026
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10
Slide 11: 7,5 6,5 5,5 4,5 3,5 2,5 1,5 0,5 2010 2011 12 2013 2014 2015
7,5 7 6,5 6 5,5 5 4,5 4 3,5 3 2,5 2 1,5 1 0,5 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 11
Slide 12: May-23 Dec-23 June-24
2018 2019 2020 2021 2022 May-23 Dec-23 June-24 Dec-24 Mar-25 June-25 Dec-25
Slide 13: Dec-14 Dec-14 Jun-15
Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 2013 2021 2022 2023 2024 2025 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-
Slide 14: Dec-14 Jun-15 Dec-15
2013 2021 2022 2023 2024 2025 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 2013 2021 2022 2023 2024 2025 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Ju
Slide 15: Dec-14 Dec-14 Jun-15
Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 2013 2021 2022 2023 2024 2025 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-
Slide 16: 2020 2021 2022 2015 2022 2015 2022 2020 2021 2022 15 2022 2015 2022
2020 2021 2022 2023 2024 2025 2015 2022 2023 2024 2025 2015 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 2015 2022 2023 2024 2025 2015 2022 2023 2024 2025 16
Slide 17: Jun-25 Jun-25 3M 2025
2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 2026 2022 2023 2024 Jun-25 2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 2026 2022 2023 2024 Jun-25 2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 2025 2026 2022 2023 2024 3M 2025 2023 2024 2025 2026 2023 2024 2025 2026 2023 2024 202
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• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 18
Slide 19: Achievements of the embitions25 strategic plan
Achievements of the embitions25 strategic plan
Slide 20: The embition 2025 strategic plan
The embition 2025 strategic plan was structured around three major ambitions Strengthening Attijariwafa bank's position as leading African banking and financial Group with the aim of creating responsible, sustainable growth both in its regions of presence as well as in new territories; Establishment
Slide 21: Stratégie & Développement
21 Stratégie & Développement
Slide 22: Stratégie & Développement
22 Stratégie & Développement
Slide 23: Stratégie & Développement
24 Stratégie & Développement
Slide 24: AWB has rapidly caught up digitally in Morocco
AWB has rapidly caught up digitally in Morocco, reaching international standards and laying the foundations for digital leadership Passive digital Digitally Acculturated (59) e Ss 9 Bottom 25% 8 e (36) = g 2 a ] DAI 2019 a (31) Sector average Digitally Performing DAI 2022 (62) DAI 2025 (74) Digital
Slide 25: Stratégie & Développement
➢ ➢ ➢ ➢ 26 Stratégie & Développement
Slide 26: IFRS consolidated financial statements as of December 31st, 2025
IFRS consolidated financial statements as of December 31st, 2025
Slide 27: 2025 key figures
2025 key figures (oo toning Income MAD 54.9 wo» ail 7%! Gross Operating MAD 21.7 bn Income Z al +7%! Share Cost of risk (%) 0.77% Cost income ratio 57.9% dil +18 pt an lal «11% MAD 527.2 bn lal «10% RoaA 1.65% —= RoaTE 22.8% |\e 47 bps [Xz +30 bes / AMERICA EUROPE AFRICA MIDDLE EAST ASIA e e ° e ® ©
Slide 28: 2025 consolidated P&L
2025 consolidated P&L Growth at constant Growth at constant exchange rates and (in MAD million) 2024 2025 Growth Rate exchange rates Excl. non-recurring item! Net interest income 19,721 21,2 +7 1% +9.0% +9.0% Income from market activities 5,823 5,408 7.1% 6.6% -6.6% Income from insurance activities
Slide 29: 2025 key financial indicators
2025 key financial indicators 2019 2024 2025 Net interest margin (bps)! 461 A77 A7l Net interest margin/Total assets (bps) 280 271 265 . - 36.1% Cost income ratio % I% AT Bh (37.7%) 37.9% NPL ratio 6.65% 6.62% 6.48% Cost of risk 0.46% 0.95% 0.77% Leverage? 9.9x 10.0x 9.9x 1.69% 5 1.33% -63% RoaA 33)
Slide 30: 2025 key financial indicators by business line
2025 key financial indicators by business line “ NBI Contrib to Cost income Cost of =» (in MAD bn) NBI ratio risk 18.8 ») 55.7% 0.50% BMET 48.9% iy ~ bps -30 bps 1.5 >) 43.4% 1.39% IRB 41.0% 33% 5 +80 bps -A bps ~~ co SFS 3.2 9% 43.0% 0.82% +4.8% “ +100 bps +15 bps Insurance ny, 5% N/A N/A es 349 a
Slide 31: 2023 2024 2025 2023 2024 2025
2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 32 32
Slide 32: 2023 2024 2025 2023 2024 2025
2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 33 33
Slide 33: 2023 2024 2025 2023 2024 2025
2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 34 34
Slide 34: May-23 Dec-23 June-24 Dec-24 Mar-25 June-25 Dec-25
2018 2019 2020 2021 2022 May-23 Dec-23 June-24 Dec-24 Mar-25 June-25 Dec-25 2023 2024 2025 2023 2024 2025 2023 2024 2025 35 35
Slide 35: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013 4 2015 2016
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 36 36
Slide 36: 2019 2019 2019 2019
2019 2023 2024 2025 2019 2023 2024 2025 2019 2023 2024 2025 2019 2023 2024 2025 37 37
Slide 37: - 7 bps
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 - 7 bps 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 38 38
Slide 38: 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025
2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 39 39
Slide 39: 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025
2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 40 40
Slide 40: 2023 2024 2025 2023 2024 2025
2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 41 41
Slide 41: 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 42
2019 2022 2023 2024 2025 2019 2022 2023 2024 2025 2019 2022 2023 2024 2025 2019 2022 2023 2024 2025 2019 2022 2023 2024 2025 42
Slide 42: 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2 2013 2014
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2012 2013 2014 2015 2016
Slide 43: Capital Adequacy and Liquidity Ratios
Capital Adequacy and Liquidity Ratios
Slide 44: Dec 31, 2018 Dec 31, 2018 Dec 31, 2019
Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31,2024 Dec 31,2025 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31,2023 Dec 31,2024 Dec 31,2025 45 45
Slide 45: 2014 2015 2016 2017 2018 2019 2020 2021 2022 2014 2015 6 2017 2018
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 46 46
Slide 46: A solid, resilient and diversified business model (1/2)
A solid, resilient and diversified business model (1/2) 2 Main indicators 2025 figures Change between 25-19 a %1 Satisfactory growth of the top line Reale Ig rec (sy 54.9 Wh and resilient margins NIM (%)* A.% +10 bps Rigorous cost control Cost income ratio(%) 37.9% -10 pts RoaA 1.63% +30 bps Solid P
Slide 47: A solid, resilient and diversified business model (2/2)
A solid, resilient and diversified business model (2/2) Sound liquidity and capital position Forecast as dec-2025 HB Bank in Morocco 2025 figures LCR Tier 1 Buffer above Tier 1 min 153% (+55 pis over minimum) 14.2%F +520 bps On a consolidated basis 2025 figures LCR Tier 1 Buffer above Tier 1 min 176
Slide 48: Back up
Back up
Slide 49: 5 mois 2024 5 mois 2025 5 mois 2024
2013 2023 2024 5 mois 2024 5 mois 2025 2013 2023 2024 5 mois 2024 5 mois 2025 2013 2023 2024 5 mois 2024 5 mois 2025 2013 2023 2024 2013 2023 2024 2013 2023 2024 2013 2023 2024 5 mois 2024 5 mois 2025 50
Slide 50: Main drivers of loan growth between 2024-2030
Main drivers of loan growth between 2024-2030 Intomal analyte | total investment of >>> MAD 900 - 1,300 bn | African & World Cup Construction of a large stadium in Benslimane between 2025-2028 organization Modernization of the 6 existing stadiums between 2024-2028 2025-2030 Reinforcement of the tran
Slide 51: Sector average vs AWB rating
2018 2019 2020 2021 2022 2023 2024 2018 2019 2020 2021 2022 2023 2024 « » 2018 2019 2020 2021 2022 2023 2024 Sector average AWB rating 52 52
Slide 52: Moroccan banking sector: New loan yields
HB Moroccan banking sector : New loan yields (in %) New loans yields Loans for individuals Consumer loans Corporate loans SMEs & VSEs Large corporate 2022 4.33 5.36 6.40 4.09 491 3.88 2023 5.25 5.86 7.16 5.21 5.68 5.03 Change in bps +92 +51 +76 +111 +76 +115 H1 2023 5.15 5.78 7.1 5.15 5.65 4.90 H1 2
Slide 53: June 24 June 25 June 24
June 24 June 25 June 24 June 25 June 24 June 25 June 24 June 25 June 24 June 25 June 24 June 25 June 24 June 25 June 24 June 25 June 24 June 25 54 54