Pt Bank Qnb Indonesia Tbk · IDX:BKSW
Pt Bank Qnb Indonesia Tbk — QNB Group — Investor Presentation (September 2016)
35 slides from Pt Bank Qnb Indonesia Tbk's investor presentation, September 2016
Slide 1: Investor Relations Presentation
Investor Relations Presentation September 2016
Slide 2: Contents
Contents 1. QNB at a Glance 2. QNB Comparative Positioning – Qatar and MEA 3. Financial Highlights – as at 30 September 2016 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,
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 2016 2015 5yr CAGR the Qatar Investment Authority (QIA) Total Assets 195.9 143.1 21% • Largest bank in Qatar by market cap., assets, Loans
Slide 5: QNB's International Footprint
QNB's International Footprint Sub-Saharan Africa Middle East South Sudan: (1 Branch) Qatar: (67 Branches) Jordan: (1302 (+32) Branches, 34.5% stake Togo: (1,268 Branches, 20.0% stake in in Housing Bank of Trade & Finance) Ecobank1) UAE: (27 (+12) Branches, 40.0% stake Asia in CBI) Indonesia: (49 Bra
Slide 6: Rating Excerpts
Rating Excerpts “A+” “Our stable outlook on Qatar National Bank (QNB) reflects the bank’s resilient financial performance supported by its core franchise in Qatar as well as its expected extraordinary support from the Qatari Government” May 31st, 2016 “Aa3” “The standalone rating reflects: (1) consi
Slide 7: QNB Comparative Positioning – Qatar and MEA
QNB Comparative Positioning – Qatar and MEA
Slide 8: Top Domestic Banks – September 2016
Top 5 Domestic Banks – September 2016 QNB continues to excel in the domestic market Assets Loans 195.9 139.3 37.0 34.0 26.5 20.9 23.9 23.2 18.4 15.3 Deposits Net Profit 137.5 2.65 26.5 0.44 0.43 18.3 15.6 13.4 0.28 0.14 Note: All amounts are in USD billions 8 Source: Companies’ September 2016 Press
Slide 9: Top MEA Banks – September 2016
Top 5 MEA Banks – September 2016 QNB improved its position as the leading bank in the region Assets Loans 195.9 139.3 131.6 121.4 116.9 113.0 78.7 69.2 62.2 60.2 Deposits Net Profit 137.5 2.65 1.87 84.8 82.9 1.62 72.6 71.8 1.47 1.23 Note: All amounts are in USD billions Source: Companies’ September
Slide 10: QNB is the leading financial institution in the MEA region by brand and market cap
QNB is the leading financial institution in the MEA region with regards to brand value and market capitalisation Brand value and market capitalisation (USD Bn as at 31-Dec-15) Top MEA banking brands Top MEA banks by market capitalization 2.45 33.6 2.34 27.2 2.23 22.6 2.19 15.5 1.54 15.3 Source: Bran
Slide 11: Financial Highlights – as at September 2016
Financial Highlights – as at 30 September 2016
Slide 12: QNB continues to demonstrate sustainable profitable growth
QNB continues to demonstrate sustainable profitable growth Financial Highlights (as at 30 September 2016) Growth vs. September 2015 • Net interest margin (NIM)2: 2.92% Profit1 • USD2.7 billion net profit +11% • Cost to income ratio: 30.1% +37% from Sept-15 • USD195.9 billion assets +32% from Dec-15
Slide 13: QNB ALAHLI
QNB ALAHLI Highlights (as at 30 September 2016) Growth vs. September 2015 • Net interest margin (NIM)1: 5.15% Profit • USD295.4 million +18% • Cost to income ratio: 27.1% +5% from Sept-15 • USD17.1 billion assets +1% from Dec-15 • NPL (% of gross loans): 2.6% Assets • USD7.9 billion loans +4% from S
Slide 14: Finansbank A.Ş.
Finansbank A.Ş. Highlights (as at 30 September 2016) Growth vs. September 2015 • Net interest margin (NIM)1: 5.35% Profit2 • USD258.7 million +13% • Cost to income ratio: 48.9% • USD32.5 billion assets +10% from Dec-15 • NPL (% of gross loans): 6.5% Assets • USD21.4 billion loans +8% from Dec-15 • C
Slide 15: Strong profitability growth
Strong profitability growth Income Statement Breakdown (USD billion as at 30 September) Net Profit1 Operating Income2 Net Interest Income % Cost to Income Ratio % Net Interest Margin3 5 yrs: 12% 2.65 4.82 3.74 2.40 5 yrs: 20% 5 yrs: 20% 2.20 1.95 3.40 2.50 2.62 1.71 3.00 3.21 2.35 2.33 1.86 2012 201
Slide 16: Good asset growth driven by lending activities mainly in QAR and USD
Good asset growth driven by lending activities mainly in QAR and USD Assets Analysis (as at 30 September) Total Assets Evolution 2016 Split of Assets (%) USD billion By Type By Currency 195.9 Cash and QAR 37.6 Balances with 6.5 5 yrs: 21% Central Banks USD 27.2 Due from 143.1 5.0 Banks 130.6 TRY 9.1
Slide 17: Good loan growth
Good loan growth Loans Analysis (as at 30 September) Total Loans Evolution 2016 Split of Loans (%) USD billion By Geography By Sector 139.3 Qatar 63.0 Government 14.5 5 yrs: 25% Turkey 15.1 Government 25.3 Agencies 100.7 90.3 Egypt 5.7 Services/ 83.5 26.4 Commerce Europe 5.7 65.5 Real Estate 13.0 Ot
Slide 18: 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 1,532 1,530 2,555 economic situation 1,188 1,
Slide 19: High quality investment portfolio with 86% of securities rated AA or Sovereign
High quality investment portfolio with 86% of securities rated AA or Sovereign Investments Analysis (USD million as at 30 September 2016) Available-for-Sale Investment Securities Held to Maturity Financial Investments Quoted Fixed rate Unquoted Floating rate State of Qatar 3,612 State of Qatar 5,414
Slide 20: Robust growth in customer deposits and funding
Robust growth in customer deposits and funding Funding Analysis (as at 30 September) Total Customer Deposits Evolution 2016 Split of Deposits (%) USD billion By Sector By Type 137.5 Government 2.9 Time 77.6 Deposits 5 yrs: 21% Government 104.7 18.7 96.2 Agencies Saving 90.6 3.4 Accounts 73.6 Corpora
Slide 21: Solid liquidity profile
Solid liquidity profile Liquidity Analysis (as at 30 September) Loans to Deposits Ratio Evolution 2016 Sources of Liquidity % % of total liabilities 96.2% 101.3% 89.0% 92.2% 93.9% Due to Banks 7.3 Customer Deposits 78.6 Debt 5.0 Securities 2012 2013 2014 2015 2016 Other 3.6 Borrowings Liquid Assets1
Slide 22: Sources of Institutional Funding
Sources of Institutional Funding EMTN and Certificate of Deposits EMTN1 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 11.8 billion Estab
Slide 23: 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) Total Equity1 Evolution Basel III Capital Adequacy Ratio USD billion x Gearing2 % 20.9 16.3 16.0 14.3 14.1 13.1 (QCB) 2014 2015 Sep-16 2015 Sep-16 9.5 9.2 9.4 • Capital base has be
Slide 24: Increasing geographical diversification positively contributes to growth
Increasing geographical diversification positively contributes to growth Geographical Contribution (as at 30 September) Domestic International % Share of International as percentage of the total Net Profit1 Loans Deposits USD billion USD billion USD billion 2.65 139.3 137.5 2.40 2.19 104.7 100.7 96.
Slide 25: Diversifying business mix will bolster sustainable growth
Diversifying business mix will bolster sustainable growth Business Mix Contribution (% share as at 30 September 2016) Lines of Business Net Profit1 Op. Income Loans Deposits 90 80 88 73 • Maintain dominant domestic Group market share Corporate • Grow international contribution • Nurture SME business
Slide 26: QNB Group Financials
QNB Group Financials Key data (as at 30 September 2016) QNB QNB incl. QNB ALAHLI QNB incl. Finansbank % Contribution of QNB AA % Contribution of Finansbank Financials Ratios Presence USD billion 2.65 196 20.8% 150% 27,366 2.38 135% 168 130% 2.11 16.9% 152 139 137 14.3% 118 121 110 15,483 107 9,879 1
Slide 27: Economic Overview
Economic Overview
Slide 28: Qatar oil and gas wealth per capita is the highest in the world
Qatar oil and gas wealth per capita is the highest in the world Oil and Gas Reserves Per Capita (2015) k barrels of oil equivalent (boe) Qatar 76.9 Kuwait 27.6 UAE 14.4 Venezuela 11.1 Saudi Arabia 10.4 Libya 9.2 Canada 5.2 Iran 4.8 Iraq 4.8 Russia 2.2 Kazakhstan 2.0 • Qatar is endowed with major oil
Slide 29: Large infrastructure investment projects have driven diversification and growth
Since 2011, large infrastructure investment projects have driven diversification and strong growth in the non-hydrocarbon sector • Text Qatar’s Diversification Strategy Real GDP Growth by Sector %, year-on-year Hydrocarbon Non-Hydrocarbon Total Government 15.0 Surplus 13.4 10.4 Investment 9.9 9.8 Di
Slide 30: Oil prices have fallen since mid-2014, but recovered during 2016
Oil prices have fallen significantly since mid-2014, but they have recovered during 2016 • Text Brent Crude Oil Price USD per barrel (/b) 120 115.1 110 • Oil prices fell from USD115.1/b in June 2014 to a low of USD27.9/b in January 2016 due to rising 100 supply and weaker demand • Oil prices have re
Slide 31: We expect prices to average USD45/b in 2016 before recovering further
We expect prices to average USD45/b in 2016 before recovering further in 2017-18, notwithstanding short-term volatility Brent Crude Oil Price Forecast Comments USD per barrel (/b) • Oil markets are oversupplied by 1.7m b/d 70 • In 2016, excess supply should be reduced by • 1.3m b/d of additional dem
Slide 32: Low breakeven oil prices, savings and moderate public debt position Qatar strongly
Low breakeven oil prices, accumulated savings and moderate public debt place Qatar in a strong position to withstand low oil prices Accumulated Current Account Fiscal Breakeven Oil Prices Public Debt (% GDP) Surpluses (bn USD, 2005-15) Fiscal Breakeven 0 200 400 0 20 40 60 Oil Price Oil Price 2005 7
Slide 33: Large investment spending in construction and transport a key economic driver
Large investment spending focused on construction and transport will be a key driver of the economy going forward Investment Spending by Sector (2015-18) Major Projects % shares shown Budget Project End (bn USD) Contruction 45.5% Lusail Mixed-Use 45.0 2019 truction Cons- Development Transport 29.4%
Slide 34: Population growth and investment spending expected to accelerate real GDP growth
Population growth coupled with investment spending are expected to accelerate real GDP growth Population Growth Real GDP Growth by Sector Population (m) % change %, year-on-year Hydrocarbon Non-Hydrocarbon Total 10.6 10.0 3.0 2.8 9.3 8.2 2.6 2.4 7.9 6.9 7.0 2.2 6.5 7.1 2.0 1.8 6.1 1.7 1.7 4.1 3.8 3.
Slide 35: 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