Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — Q3 2018 Earnings Presentation
37 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, 2018
Slide 1: Investor Relations Presentation Q3'2018
INVESTOR RELATIONS PRESENTATION Q3’2018
Slide 2: Table of Contents
TABLE OF CONTENTS Overview …… 3 About CIB …… 12 Financial Review …… 27 Conclusion …… 37
Slide 3: Disclaimer
Overview | About CIB | Financial Review | Conclusion Disclaimer By attending the meeting where this presentation is made or distributed, or by reading the presentation slides, you agree with the following limitations: • The information in this presentation may contain future projections and forward‐
Slide 4: Egypt's Fact Sheet
Overview | About CIB | Financial Review | Conclusion Egypt’s Fact Sheet Country Profile Diversified Economy¹ Name Arab Republic of Egypt Capital Cairo Currency Egyptian Pound (EGP) Total area c.1,002,000 sqm.km Inhibited area 7.88% of total area Governorates 27 Favorable Demographics Population 97.8
Slide 5: Macro-Environment - Real Sector
Overview | About CIB | Financial Review | Conclusion Macro-Environment- Real Sector Real GDP Growth* (%) Inflation (%) Reform-led boom Core Inflation (%) Headline Inflation (%) 8.0% 7.2% 80% 7.1% Global Financial Crisis 35.3% 34.9% 32.1% 33.3% 7.0% 70% 30.6% 32.0% 30.5% 6.0% 5.1% 5.3% 60% 25.5% 4.7%
Slide 6: External Sector (BOP)
Overview | About CIB | Financial Review | Conclusion External Sector (BOP) Tourism& Remittance proceeds Foreign Direct Investment (FDI)* 26,393 30,000 19,330 12,000 18,668 18,519 17,453 17,077 25,000 20,000 9,804 7,916 9,752 7,370 7,720 15,000 8,000 6,933 6,758 6,380 5,073 4,380 3,768 10,000 5,000 3
Slide 7: Fiscal Sector & Debt
Overview | About CIB | Financial Review | Conclusion Fiscal Sector & Debt Fiscal Budget Gross Domestic Debt/GDP ( % ) - Fiscal Year 120.00% 1,800,000 14.00% 96.70% 91.10% 100.00% 82.10% 85.30% 86.60% 79.70% 13.00% 74.70% 76.90% 80.00% 1,600,000 12.50% 83.30% 12.20% 12.00% 60.00% 11.50% 10.90% 1,400,
Slide 8: Economic Outlook & Credit Rating
Overview | About CIB | Financial Review | Conclusion Economic outlook & Credit Rating Projected Economic Indicators Q4/18 Q1/19 Q2/19 Q3/19 2020 GDP Growth Rate 5.6 5.6 5.6 5.1 5.8 percent Unemployment Rate 9.1 9.1 8.5 7.9 7.5 percent Inflation Rate 14 13 12.5 12.3 9.5 percent Government Debt to GDP
Slide 9: Egypt's Banking Sector
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector Total loans (EGP bn) Total deposits (EGP bn) LDR (%) 1,621 3,606 49% 49% 1,418 46% 46% 46% 3,042 44% 41% 41% 937 2,123 714 1,740 584 1,434 503 545 1,191 471 965 1,027 10/11 11/12 12/13 13/14 14/15 15/16 16/17 Aug-18 10/11 11
Slide 10: Egypt's Banking Sector (Cont'd)
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector (Cont’d) Total # of branches Total # of ATMs Total # of POS 17/18 4,155 11,754 17/18 72,503 17/18 16/17 4,009 10,701 16/17 68,630 16/17 15/16 3,882 9,031 15/16 64,349 15/16 14/15 3,766 7,855 14/15 55,876 14/15 13/14 3,710 6,
Slide 11: Why Egypt?
Overview | About CIB | Financial Review | Conclusion Why Egypt? Economic Environment Attracts Investments Among the most diverse in the MENA region Approved IMF Loan signaling a tremendous confidence boost in Egypt's ability to release its New Suez Canal economic potential in a sustainable way New C
Slide 12: CIB at a Glance
Overview | About CIB | Financial Review | Conclusion CIB at a Glance RW led Strategic subsidiaries consortium divested Actis Sold 2.6% Chase National IPO raising US$ 115mn; 150% established to complement our half its holdings in open market Bank established oversubscribed core business in to Actis i
Slide 13: CIB's Key Milestones
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones First joint venture Following Chase Egypt’s largest First Egyptian First private • First Egyptian • First bank in bank in Egypt; Manhattan local bank IPO, bank to have a sector bank with bank to register Egypt to Chase Nationa
Slide 14: CIB's Key Milestones (Cont'd)
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones (Cont’d) • Only Egyptian • First Egyptian • First Egyptian bank to sign • Launched its mobile banking bank recognized bank to establish a agreement with MCDR to application, with various banking as ‘Best Bank in Sustainable is
Slide 15: CIB's Associates
Overview | About CIB | Financial Review | Conclusion CIB’s Associates Ownership 23.5% Profile: an “Agent Bank” financial services; Ownership 32.5% Registration Loans and Retail Cash and Credit Cards Deposit and Application Payment Withdrawals Services Profile: Offers a full suite of security service
Slide 16: Lines of Business
Overview | About CIB | Financial Review | Conclusion Lines of Business Profile Institutional Banking Consumer Banking • Market leader • The take-off for a world class consumer Profile • Prime contributor to profitability banking franchise • Large and medium-size corporates (MNCs, institutions and ba
Slide 17: Business Banking
Overview | About CIB | Financial Review | Conclusion Business Banking Serves SMEs and non-borrowing Corporates through a comprehensive Covers all sectors and industries through over 100 highly trained range of financial solutions. Relationship Managers across Egypt. 2010 2011 2013 2015 2016 2017 201
Slide 18: Our Stock in a Nutshell
Overview | About CIB | Financial Review | Conclusion Our Stock in a Nutshell STOCK EXCHANGES TICKER Share Information 52 Weeks Performance Listed Egyptian Stock Exchange (EGX) COMI Shares outstanding 1,166,833,100 High EGP 96.50 Listed London Stock Exchange (LSE) CBKD Par value EGP 10.00 Low EGP 72.
Slide 19: Shareholding Structure
Overview | About CIB | Financial Review | Conclusion Shareholding Structure Free Float by Region North America (57.44%) Africa (13.47%) GCC (11.09%) UK & Ireland (7.46%) Continental Europe (6.39%) Rest of the World (4.15%) Free Float by Category Institutions (92.68%) Free Float (93.4%) Fairfax (6.6%
Slide 20: Our Presence in Egypt
Overview | About CIB | Financial Review | Conclusion Our Presence in Egypt CIB’s footprint Digital Banking Initiatives Distribution Network Digital Banking Reached 47 K Careem captains who are enrolled to Smart wallet platform. Acquired New to bank clients over Smart wallet 201 Total Branches an
Slide 21: Corporate Governance
Overview | About CIB | Financial Review | Conclusion Corporate Governance Commitment to Sound Corporate Governance Practices Continues to Define CIB This commitment is supported by several mandates: The Board’s main responsibilities include: Internal policies, risk controls, and manuals have been pu
Slide 22: Board of Directors
Overview | About CIB | Financial Review | Conclusion Board of Directors CIB’s Board consists of 9 members; The Board and its committees are governed by well-defined charters that sets out its responsibilities and composition requirements 7 are non-executive and 5 are independent* The Board is suppor
Slide 23: Our Strategy
Overview | About CIB | Financial Review | Conclusion Our Strategy Today Tomorrow Financial Quality loan growth, • Positioned as trade finance hub for Egypt & Africa Deposit growth, with focus on Transactional banking • Focus on SMEs & underpenetrated retail banking segment Performance increasing pro
Slide 24: Business Continuity & Resilience Management
Overview | About CIB | Financial Review | Conclusion Business Continuity & Resilience Management Initiatives Pioneer in implementing international standards and best practices; established in 2010; ahead of all major players in the market CIB continues to invest in further improving its business con
Slide 25: Cyber & Information Security
Overview | About CIB | Financial Review | Conclusion Cyber & Information Security Initiatives Security is a major area of focus for CIB; established in 2010; ahead of all major players in the market Strong Security Governance & policies aligned with International Standards and Best Practices. CIB co
Slide 26: Awards and Recognition
Overview | About CIB | Financial Review | Conclusion Awards and Recognition 2018 Best Bank Best Regional Bank - Best Sub custodian Best Bank in Egypt - Transformation in the Northern Africa - By Bank in Egypt - by By Euromoney Middle East - By African Banker Global Finance Euromoney Best Treasury &
Slide 27: Performance Snapshot: YTD 2018
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: YTD 2018 Key Indicators 9M2018 Comparison Commentary REVENUES EGP 15,163 mn EGP 11,030 mn; 9M17 37% YoY Profitability NPAT EGP 7,019mn EGP 5,648 mn; 9M17 24% YoY ROAE 31.8% 31.4%; 9M17 1% YoY ROAA 3.01% 2.74%; 9M17 10% Yoy Ef
Slide 28: Performance Snapshot: Profitability
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Profitability Net Profit After Tax Fees & Commission Break-down Interest Income Break-down 3,200 21,008 27,150 8,000 30,000 7,019 7,000 24% 1% 2,700 2,464 25,000 27% 5,648 2,019 6,000 24% 1,386 13,487 2,200 20,000 1% 48% 5,00
Slide 29: Performance Snapshot: Balance Sheet
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Balance sheet Split of Assets by type Loan portfolio by industry Q3’2018 Q3'18 10% 14% 15% 1% 32% 24% 4% 327,282 1% 20% Q2'18 8% 16% 11% 2% 34% 25% 3% 312,179 FI 33% Manufacturing Q1'18 8% 14% 15% 2% 31% 27% 3% 309,749 Rel es
Slide 30: Performance Snapshot: Asset Quality
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Asset Quality 9M14 9M15 9M16 9M17 9M18 *NPL Ratio 4.85% 4.41% 5.26% 6.94% 4.64% *Coverage 136% 155% 158% 155% 240% NPLs by segment** (EGP Mn) Q3'18 96% 4% 5,458 Corporate Q2'18 97% 3% 5,391 Retail Q1'18 98% 2% 5,525 Total Q4
Slide 31: Performance Snapshot: Funding Overview
Overview | About CIB | Financial Review | Conclusion Performance Snapshot :Funding Overview Funding Structure Due to Customers (94.50%) Other Liabilities (3.8%) Other Term Loans (1.24%) Due to Banks (0.46%) Customer Deposit Mix Demand (33.26%) CDs (27.16%) Savings (22.64%) TDs (15.15%) Other (1.79%)
Slide 32: Performance Snapshot: Funding & Capital
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Funding & Capital Loans to Deposit Ratio Capitalization 31 25.00% 30.4 43.80% 30 45.00% 19.08% 41.10% 41.90% 20.00% 40.00% 40.90% 38.30% 18.03% 17.87% 17.93% 35.00% 29 30.00% 28.5 28.4 25.00% 16.95% 15.00% 20.00% 28 27.8 15.0
Slide 33: 10-Year Performance Summary
Overview | About CIB | Financial Review | Conclusion 10-Year Performance Summary 2.89% 2.93% 2.94% 2.95% 57.0% 2.62% 2.92% 2.51% 2.71% 2.69% 55.5% 43.2% 53.8% 53.2% 50.0% 2.03% 35.3% 36.9% 40.0% 294,782 36.6% 267,544 75,425 57,462 64,255 88.4 85.4 179,500 63.4 56.8 143,813 48.8 41.9 41.8 113,752 48.
Slide 34: Position Among Peers
Overview | About CIB | Financial Review | Conclusion Position Among Peers Total Assets (EGP Bn) Net Income (EGP Mn) Gross Loans/Deposits CAE 48 CAE 1,094 CIB 44.9% Alex 87 Alex 1,576 HSBC 46.8% HSBC 90 AAIB 2,144 Alex 51.0% AAIB 215 HSBC 2,315 AAIB 52.6% QNBA 234 QNBA 3,291 CAE 53.0% CIB 312 CIB 4,4
Slide 35: Market Share
Overview | About CIB | Financial Review | Conclusion Market Share 8.52% 8.58% 8.52% 8.54% 8.57% 8.45% 8.43% 8.45% 8.37% 8.40% 8.36% 8.32% 8.35% 8.12% 8.25% 8.28% 8.27% 8.09% 8.06% 7.99% 7.80% 8.18% 8.22% 8.18% 7.53% 7.95% 7.35% 7.66% 7.65% 7.91% 7.84% 7.48% 7.75% 7.90% 7.67% 7.65% 7.51% 7.56% 7.48%
Slide 36: Why CIB?
Overview | About CIB | Financial Review | Conclusion Why CIB? Profitability Total revenues EGP NPAT EGP 2,595mn 6,014mn Asset Quality Extremely skilled Highly qualified Among the best and experienced Board of Directors Investor Relations NPL/Gross loans 4.64%* Direct Coverage Ratio Management Team t
Slide 37: Thank You!
Overview | About CIB | Financial Review | Conclusion Thank You! For more information, please visit our website; www.cibeg.com To read about the projects that the CIB Foundation has helped support, and to know ways in which you can donate, please visit www.cibfoundationegypt.org Investor Relations co
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