Sterling Financial Holdings Company Limited · NSENG:STERLINGNG
Sterling Financial — Investor Presentation (September 2025)
48 slides from Sterling Financial's investor presentation, September 2025
Slide 1: Investor Presentation September 2025
Investor Presentation September 2025 Strictly Private and Confidential
Slide 2: Table of Contents
TABLE OF CONTENTS 01 Executive Summary 02 Group Overview 03 Overview of our Subsidiaries 04 Financial Performance 05 Appendices
Slide 3: Executive Summary
Executive Summary
Slide 4: Sterling Financial Holdings Company Plc: Public Offer
Sterling Financial Holdings Company Plc: Public Offer Issuer • Sterling Financial Holdings Company Plc Ticker (NGX) • STERLINGNG Share Price • ₦71 Offering Size • ₦88 billion public offer Securities/Listing • Ordinary Shares on the Nigerian Exchange (NGX) • Support the recapitalization of Sterling B
Slide 5: Overview of Sterling Group's Performance
Overview of Sterling Group’s Performance Overview of The Sterling Group’s Performance Financial Snapshot MT $ H1 2025 H1 2025 vs H1 2024 2020 – 2024 CAGR1 €¥ Total Assets ₦4tn 36% 29% Total Assets Loans and Advances Customer Deposits Gross Earnings ₦3.5tn vs ₦4.0tn ₦1.1tn vs ₦1.2tn ₦2.5tn vs ₦2.8tn
Slide 6: Positioned for Growth
Positioned for Growth Sterling Financial Holdings Company PLC, is well positioned for growth by virtue of its strong foundation built over the past six decades and its strategic decision to leverage technology and deploy a targeted diversification strategy that will unlock value for all shareholders
Slide 7: Group Overview
Group Overview Sterling Financial Holdings Company PLC, is a publicly listed financial services Group with a track record spanning more than 6 decades. Sterling Bank Ltd Alternative Bank Limited SterlingFI Wealth Management New Subsidiary A commercial bank A Specialized An asset management A new sha
Slide 8: The Group Overview
The Group Overview Strictly Private and Confidential
Slide 9: Our Evolution
Our Evolution 2020 - 2022 2024 • Expanded our product bouquet. • Completed the first phase of 2016 2013 - 2014 • Achieved 50% of our HQ solarization recapitalizing our banking subsidiaries • Deployed new Core banking project. through a N75bn private placement • Raised N12.1 billion in equity applica
Slide 10: Group Overview, Vision and Mission
Group Overview ▪ Sterling Financial Holdings Company PLC (the “Group”) is a leading financial services group headquartered in Lagos, Nigeria, offering conventional and specialized banking as well as asset management services, through its subsidiaries, Sterling Bank, Alternative Bank, and Sterling FI
Slide 11: Business Highlights
Business Highlights Our performance in 2025 is reflective of our resilient business model in a challenging environment Overview of the Group’s Performance as at FY 2024 MT€ $ ¥ Total Assets Loans and Advances Customer Deposits Net Operating Income Profit Before Tax Profit After Tax Gross Earnings ₦3
Slide 12: Share Performance and Dividend Trend
Share Performance and Dividend Trend Returns on STERLINGNG have seen a rebound since it transitioned to a Holding Company Dividend (N) Share Price (N) 0.18 7.80 0.15 5.60 4.29 ₦274bn 0.10 1.90 2.04 1.90 1.40 1.51 0.05 0.03 ₦3.05tn 0.02 2018 2019 2020 2021 2022 2023 2024 August 2025 2018 2019 2020 20
Slide 13: Our Leadership
Our Leadership Ashutosh Kumar Our board members bring diverse expertise and visionary leadership Non-Executive Director Yemi Adeola Yemi Odubiyi Olayinka Oni Abubakar Suleiman Shola Adekoya Aisha Bashir Eniye Ashutosh Kumar Group Chairman Group Chief Executive Executive Director Non-Executive Direct
Slide 14: Our Leadership
Our Leadership Strong management with the capability to deliver the long-term vision Adebimpe Olufunmilayo Temi Dalley Ibidapo Martins Vivienne Nwankwu Olusola Olubi Olambiwonnu Lewis Group Chief HR Officer Group Chief Marketing Officer Group Chief Compliance Officer Group Executive, Business Develo
Slide 15: Sterling's Social Impact Credentials
Sterling’s Social Impact Credentials Driving impact across multiple touch points with proven achievements $100+ Hosted the first National Sustainability Week: ▪ Engaged 800+ entrepreneurs via the Green Innovation Challenge. ▪ Reached 1 million+ people on social media. ▪ Disbursed ₦4 million in grant
Slide 16: Sterling's Social Impact Credentials Cont'd
Sterling’s Social Impact Credentials Cont’d At Sterling, diversity, equity, and inclusion are not just policies, they are part of who we are. We’ve built a culture where every individual is valued, respected, and empowered to thrive. Our commitment goes beyond compliance, embedding DEI into our cult
Slide 17: Sterling's Social Impact Credentials Cont'd
Sterling’s Social Impact Credentials Cont’d We continue to maintain high sustainability standards combined with world class employee practices. Strong sustainability and impact credentials – convener of the Africa Social Impact Summit (ASIS) and Agriculture Summit Africa (ASA). Focused on bolstering
Slide 18: Our Subsidiaries
Our Subsidiaries Strictly Private and Confidential
Slide 19: Strictly Private and Confidential
Strictly Private and Confidential
Slide 20: Sterling Bank Overview
Sterling Bank Overview Sterling Bank, our flagship commercial banking arm, continues to prioritize the HEART sectors - Health, Education, Agriculture, Renewable Energy, and Transportation, while maintaining strong growth momentum across key financial metrics. Half- Year 2025 Financial Performance To
Slide 21: Sterling Bank Overview Cont'd
Sterling Bank Overview Cont’d 409 7.7k+ 4.6m+ 160 3,457 4.8m+ ATMs POS USSD Users Branches Professional Staff Customers Terminals Highest Impact on Youth, Excellence in HR Award for Excellent Highest Impact on Women Communication Strategy Commitment to Disability MSMEs Inclusion in Nigeria HR Expo A
Slide 22: Sterling Bank Leadership
Sterling Bank Leadership The Board of Sterling Bank Limited (1/2) Olatunji Mayaki Olaitan Kajero Tairat Tijani Michael Jituboh Folashade Kilaso Michael Ajukwu Independent Chairman Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director ▪ 30+
Slide 23: Sterling Bank Leadership
Sterling Bank Leadership The Board of Sterling Bank Limited (2/2) Prof. Olayinka Olusola Oworu Abubakar Suleiman Tunde Adeola Raheem Owodeyi David-West Independent Managing Director Executive Director Executive Director Independent Non-Executive Director Non-Executive Director ▪ About 30 years’ expe
Slide 24: Strictly Private and Confidential
Strictly Private and Confidential
Slide 25: The Alternative Bank Overview
The Alternative Bank Overview The Alternative Bank (AltBank), our specialized banking subsidiary, is the nation’s leading non-interest bank, founded on the pillars of ethics, sustainability, and innovation. In just two years of operations, AltBank has redefined banking by delivering cutting- edge di
Slide 26: The Alternative Bank Overview Cont'd
The Alternative Bank Overview Cont’d 5,300 132K 21 151 702 894k POS USSD Users Branches Wakeel Outlets Professional Staff Customers Terminals Best MSME Financial Inclusion Trailblazer Marketing Multi-Millionaire’s Club (Non-Interest Banking) Automation Award Nairametrics MSME Finance Martech Excelle
Slide 27: The Alternative Bank Leadership
The Alternative Bank Leadership The Board of Alternative Bank Limited (1/2) Muhtar Bakare Abdulmumin Ali Umma Aminu Emmanuel Yemi Odubiyi Chairman Independent Director Dutse Onasanya Non-Executive Director Independent Director Non-Executive Director ▪ 30 years+’ experience across ▪ Over 30 years’ ex
Slide 28: The Alternative Bank Leadership
The Alternative Bank Leadership The Board of Alternative Bank Limited (2/2) Morenikeji Temitayo Korede Hassan Yusuf Garba Mohammed Folawiyo Adegoke Managing DIrector Executive Director Demola-Adeniyi Non-Executive Director Non-Executive Director Executive Director ▪ Over 30 years of ▪ Over 20 years
Slide 29: Strictly Private and Confidential
Strictly Private and Confidential
Slide 30: SterlingFI Wealth Management Overview
SterlingFI Wealth Management Overview SterlingFI Wealth Management, is an asset management company, focused on supporting the HEART sectors through traditional & alternative investments, and wealth management services. Traditional Alternative Wealth Investments Investments Management • Fixed Income
Slide 31: SterlingFI Wealth Management Leadership
SterlingFI Wealth Management Leadership Yemi Odubiyi Abubakar Suleiman Charles Omoera Director Managing Director Director ▪ 29+ years of experience in ▪ An Economist and Banker ▪ 25+ years of experience in corporate restructuring, with over 25+ years of financial management, digital transformation &
Slide 32: Financial Performance
Financial Performance Strictly Private and Confidential
Slide 33: Sustainable Financial Growth
Sustainable Financial Growth Over the last decade, Sterling has consistently delivered strong and accelerating performance, driving significant value for shareholders. Share Price (N) Gross Earnings (N’bn) Profit After Tax (N’bn) Customer's Deposits (N’bn) 337.19 2,776 Dec. 2025 12 43.7 41.8 2,518 2
Slide 34: Balance Sheet Snapshot – Resilient balance sheet anchored on stability and strength
Balance Sheet Snapshot – Resilient balance sheet anchored on stability and strength Total Assets (₦’bn) Total Liabilities (₦’bn) 4,082 3,707 3,542 3,237 2,531 2,347 1,855 1,704 1,624 1,488 1,292 1,163 2020 2021 2022 2023 2024 H1 2025 2020 2021 2022 2023 2024 H1 2025 Shareholders Equity (₦’bn) and Re
Slide 35: Balance Sheet Snapshot – Solid funding base, healthy loan portfolio
Balance Sheet Snapshot – Solid funding base, healthy loan portfolio with NPL below industry average Funding Base (₦’bn) Asset Composition (₦’bn) 375 286 288 405 280 247 343 184 698 286 262 217 243 298 882 154 643 163 247 141 176 136 105 2814 215 486 63 159 2584 137 110 129 106 364 1104 1183 1843 79
Slide 36: Income Statement Snapshot – Sustained earnings momentum driven by diversification
Income Statement Snapshot – Sustained earnings momentum driven by diversification Gross Earnings (₦’bn) PBT vs. PAT (₦’bn) 45.8 45.6 43.7 41.8 337 Profit before tax Profit after tax 222 214 22.7 21.6 20.7 19.3 175 150 16.1 15 140 12.4 11.2 2020 2021 2022 2023 2024 H1 2025 2020 2021 2022 2023 2024 H1
Slide 37: FY 2025 Guidance
FY 2025 Guidance Sterling is well positioned for a strong 2025, with projections indicating solid growth in earnings, profitability, and balance sheet strength. This positive outlook underscores sustained momentum and reinforces the Group’s capacity to deliver long-term value creation well beyond 20
Slide 38: Appendices
Appendices Strictly Private and Confidential
Slide 39: CBN Recapitalization Overview and Update
CBN Recapitalization Overview and Update The Holdco has successfully concluded the first phase of its recapitalization exercise, raising a total of N112 billion via a private placement and a rights issue which was significantly oversubscribed. The Proceeds from these issuances have been injected int
Slide 40: Summary of the Offer
Summary of the Offer Further to shareholders’ approval of a $400m capital programme, the Holdco intends to raise up to N88 billion through the Public Offer, to enable it pursue further strategic expansion opportunities. The Offer Use of Net Proceeds (₦’Bn) Sterling Bank Limited N43bn Sterling Financ
Slide 41: Operating Environment
Operating Environment Strictly Private and Confidential
Slide 42: Nigerian Macroeconomic Environment
Nigerian Macroeconomic Environment The Nigerian economy has shown resilience, supported by sustained GDP growth, moderating inflation, stable exchange rates, and improved foreign reserves. Y-o-Y GDP Growth (%) GDP Sector Contribution GDP Sector Contribution(%) (%) –– Q1’2025 Q1’2024 Y-o-Y GDP Growth
Slide 43: Regulatory Overview of the Banking Sector in Nigeria
Regulatory Overview of the Banking Sector in Nigeria In 2024, the regulatory landscape witnessed notable changes, ranging from managerial changes at the CBN to the consequent shift to orthodox monetary policies. In 2025, the transformation continues with strategic regulatory reforms aimed at enhanci
Slide 44: Appendix A: Historical Income Statement
Appendix A Historical Income Statement Figures in ₦’million 2020 2021 2022 2023 2024 H1 2025 Gross Earnings 140,425 150,153 175,140 221,773 337,192 214,436 Interest Income 111,452 113,000 128,434 156,102 258,818 168,506 Interest expenses (49,305) (45,191) (52,042) (72,718) (124,012) (70,742) Net Int
Slide 45: Appendix B: Historical Statement of Financial Position (1/2)
Appendix B Historical Statement of Financial Position (1/2) ₦'millions 2020 2021 2022 2023 2024 H1 2025 ASSETS Cash and balances with Central Bank of Nigeria 303,314 370,873 431,488 604,599 866,472 760,743 Due from banks 21,084 94,850 86,459 234,953 580,783 760,233 Pledged assets 34,860 10,786 23,09
Slide 46: Appendix B: Historical Statement of Financial Position (2/2)
Appendix B Historical Statement of Financial Position (2/2) ₦'millions 2020 2021 2022 2023 2024 H1 2025 LIABILITIES Deposits from banks 21,289 15,568 37,178 - 16,524 299,087 Deposits from customers 950,835 1,208,753 1,327,805 1,842,815 2,568,293 2,776,180 Derivative Financial Liabilities - - - - - -
Slide 47: Disclaimer
▪ This presentation has been prepared by Sterling Financial Holdings Company Plc (referred to as “Sterling” or “the Group” or “We”). It is intended for an audience of professional and institutional investors who are aware of the risks of investing in the shares of publicly traded companies. ▪ The pr
Slide 48: Thank you
Thank you For more details, please contact: Bruke Araromi Bruke.Araromi@sterling.ng Sterling Investor Relations investor.relations@sterling.ng Capital Management Capitalmanagement@sterling.ng Strictly Private and Confidential
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