I&m Group Plc · NSEKE:IMH
I&m — Q3 2024 Earnings Presentation
29 slides from I&m's earnings presentation, Nov 1, 2024
Slide 1: Q3 2024 Results Investor Presentation
Q3 2024 RESULTS INVESTOR PRESENTATION
Slide 2: East Africa's Leading Financial Partner For Growth
East Africa’s Leading Financial Partner For Growth > 97 677,000 Branches Customers Shareholders >5,000 135 >3,100 ATMs Staff 2 Classification: Public
Slide 3: Regional Footprint
Regional Footprint UGANDA I&M Bank (Uganda) Ltd ✓77,000+ Customers KENYA ✓12 Branches ✓14 ATMs ✓327 staff I&M Bank LIMITED UGANDA ✓436,000+ customers ✓51 Branches KENYA ✓59 ATMs ✓1,722 staff RWANDA RWANDA I&M Bank (Rwanda) PLC ✓95,000+ customers TANZANIA ✓19 Branches ✓41 ATMs ✓465 staff TANZANIA I&M
Slide 4: Recap of iMara 3.0 Strategy (2024 – 2026)
Recap of iMara 3.0 Strategy (2024 – 2026) Long term Ambition Eastern Africa’s Leading Financial Partner for Growth Best Bank for >85% 3 Year Impact +10 Mn lives Digitally Active Customer Experience Objectives impacted Customers (NPS>70%) 1 2 3 Develop Leadership in Build Relevance in Our Become a le
Slide 5: Group Highlights
GROUP HIGHLIGHTS
Slide 6: Group Summary Highlights
Group Summary Highlights Profit Before Tax (KES) Total Income (KES) Cost of Risk* 14.1bn 35.8bn 2.6% +24% +19% Total Assets (KES) Customer Deposits (KES) Return on Equity* 568bn 414bn 15% +4 +3% Interim Dividend (KES) 1.30 per share YoY Growth Payable c.14th January 2025 * Annualised Figures
Slide 7: Strong Revenue growth across all segments and subsidiaries
Strong Revenue growth across all segments and subsidiaries Corporate and Institutional Banking (CIB) Personal and Business Banking (PBB) Breakdown of Operating Income Operating Income (KES Bn) Operating Income (KES Bn) % Contribution 18 13.9 28% 14 49% 27% 26% 35% 36% 9.4 11 25% 7.5 73% 65% 64% Q3 2
Slide 8: Leading to a 24% y/y increase in Profit before Tax
Leading to a 24% y/y increase in Profit before Tax Operating Income (KES Bn) Loan Loss Provisions Expense (KES Bn) 35.8 5.5 Q3 FY Q3 Q3 19% Key Ratios 29.9 20% 4.6 2024 2023 2023 2022 28% 25.0 19% 3.6 Cost to income ratio 45% 48% 49% 45% Cost of Risk* 2.6% 2.5% 2.4% 3.3% ROE* 15% 15% 14% 13% ROA* 2.
Slide 9: And Total Assets growth of 4% y/y
And Total Assets growth of 4% y/y Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 3% -2% 568 402 414 544 4% 287 281 429 27% 231 308 80 84 23% 9% 20% 228 8% 252 65 190 207 197 166 24% -6% 48% -5% 175 162 118 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 202
Slide 10: Subsidiary Performance Highlights
SUBSIDIARY PERFORMANCE HIGHLIGHTS
Slide 11: Kenya: Macroeconomic Environment
Kenya: Macroeconomic Environment Annual Inflation Rate Trend Central Bank Policy Rate & 364 Day Treasury Yield 6.8% 6.6% 17.0% 16.8% 16.8% 16.1% 5.7% 15.1% 12.5% 13.0% 13.0% 12.8% 4.6% 10.5% 3.6% Sep'23 Dec '23 Mar '24 Jun'24 Sep'24 Sept '23 Dec '23 Mar '24 Jun ' 24 Sep' 24 CBR 364 Day Currency Move
Slide 12: Kenya: 72% (76%) contribution to Profit Before Tax
Kenya: 72% (76%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provisions Expense (KES Bn) Profit Before Tax (KES Bn) 4.2 3.9 7% 24.2 9.9 20% 21% 18% 3.3 20.5 8.1 8.1 18.0 13% 1% Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Key Ratios Q3 2024 FY 202
Slide 13: Kenya: 73% (74%) contribution to Total Assets
Kenya: 73% (74%) contribution to Total Assets Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) Total Assets (KES Bn) 3% -3% 1% 406 408 231 395 220 214 302 306 304 24% 32% 308 28% 177 229 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Key Ratio
Slide 14: Rwanda: Macroeconomic Environment
Rwanda: Macroeconomic Environment Annual Inflation Rate Trend Central Bank Policy Rate &364 Day Treasury Yield 18.4% 10.1% 9.8% 9.8% 9.3% 8.3% 7.5% 7.5% 7.5% 7.0% 6.2% 6.5% 1.7% 1.1% 0.6% Sep '23 Dec '23 Mar '24 Jun'24 Sep'24 Sept '23 Dec '23 Mar '24 Jun ' 24 Sep' 24 CBR 364 Day Currency Movement –
Slide 15: Rwanda: 15% (12%) contribution to Profit Before Tax
Rwanda: 15% (12%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provisions Expense (KES Bn) Profit Before Tax (KES Bn) 5.3 0.7 2.0 32% 4.0 55% 3.4 18% 390% 1.3 1.1 13% 0.3 -56% 0.1 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 ■ Operating income grew
Slide 16: Rwanda: 14% (13%) contribution to Total Assets
Rwanda: 14% (13%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 14% 1% 20% 85 77 39 53 68 33 33 47 44 57 19% 28 20% 32% 34 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Key Ratios Q3 2024
Slide 17: Tanzania: Macroeconomic Environment
Tanzania: Macroeconomic Environment Annual Inflation Rate Central Bank Policy Rate & 364 Day Treasury Yield 3.3% 11.8% 3.1% 3.1% 10.5% 11.0% 7.7% 6.8% 3.0% 3.0% 5.5% 6.0% 6.0% 5.0% 5.0% Sep '23 Dec '23 Mar '24 Jun'24 Sep'24 Sept '23 Dec '23 Mar '24 Jun ' 24 Sep' 24 CBR 364 Day Currency Movement – US
Slide 18: Tanzania: 5% (2%) contribution to Profit Before Tax
Tanzania: 5% (2%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provisions Expense (KES Bn) Profit Before Tax (KES Bn) 3.0 0.6 0.7 0.5 2.2 34% 22% 171% 1.5 0.3 0.3 51% 310% 3% 0.1 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Key Ratios Q3 2024 FY 20
Slide 19: Tanzania: 7% (7%) contribution to Total Assets
Tanzania: 7% (7%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) -6% -11% -4% 46 28 35 39 37 23 30 29 32 22% 19 19% 20 24% 24 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Key Ratios Q3 202
Slide 20: Uganda: Macroeconomic Environment
Uganda: Macroeconomic Environment Annual Inflation Rate Central Bank Policy Rate & 364 Day Treasury Yield 3.5% 3.3% 3.0% 2.7% 2.6% 13.0% 13.1% 12.0% 12.1% 9.2% 9.5% 10.3% 10.0% 9.5% 9.5% Sep '23 Dec '23 Mar '24 Jun'24 Sep'24 Sept '23 Dec '23 Mar '24 Jun ' 24 Sep' 24 CBR 364 Day Currency Movement – U
Slide 21: Uganda: 3% (3%) contribution to Profit Before Tax
Uganda: 3% (3%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provisions Expense (KES Bn) Profit Before Tax (KES Bn) 0.08 0.5 2.4 26% 73% -88% 1.9 0.01 0.3 1.3 52% 28% 0.2 173% -0.10 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Key Ratios Q3 2024 FY
Slide 22: Uganda: 7% (6%) contribution to Total Assets
Uganda: 7% (6%) contribution to Total Assets Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) 6% 24% 7% 38 37 35 14 13 29 28 30% 23% 26 27 11 22 57% 7 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Key Ratios Q3 2024 FY 2
Slide 23: Mauritius: Macroeconomic Environment
Mauritius: Macroeconomic Environment Annual Inflation Rate Trend Central Bank Policy Rate & 364 Day Treasury Yield 5.2% 4.9% 3.9% 4.5% 4.5% 4.5% 4.5% 4.0% 2.7% 4.1% 4.0% 3.5% 3.7% 3.7% 2.2% Sep '23 Dec '23 Mar '24 Jun'24 Sep'24 Sept '23 Dec '23 Mar '24 Jun ' 24 Sep' 24 CBR 364 Day Currency Movement
Slide 24: Mauritius: 5% (7%) contribution to Profit Before Tax
Mauritius: 5% (7%) contribution to Profit Before Tax Operating Income (KES Bn) Loan Loss Provisions Expense (KES Bn) Profit Before Tax (KES Bn) 4.6 0.5 1.5 1.5 4.0 16% 445% -1% 2.6 54% 0.8 94% -0.1 143% -0.1 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Q3 2022 Q3 2023 Q3 2024 Key Ratios Q3 2024 F
Slide 25: Mauritius: Balance Sheet
Mauritius: Balance Sheet Total Assets (KES Bn) Net Loans & Advances (KES Bn) Customer Deposits (KES Bn) -7% -15% -7% 186 81 169 160 156 43% 68 68 144 45% 134 52% 57 117 95 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Q3 2022 Q3 2023 FY 2023 Q3 2024 Key Ratios Q3 2024 FY 2023 Q3 20
Slide 26: Group Outlook
Group Outlook
Slide 27: iMara 3.0 - Our North Star
iMara 3.0 - Our North Star Our Key Focus Areas Develop Leadership in our Build Relevance in Emerging core Segments Customer Segments Become a leader in (Corporate & Commercial) (Retail & SMEs) Ecosystems Our Key Performance Indicators Digitally Active Customers Net Promoter Score Grow to Best Bank f
Slide 28: Disclaimer
DISCLAIMER The contents herein have been presented in good faith. The information, statements and opinions set out in this presentation and subsequent discussion do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any s
Slide 29: Thank You
Thank You Merci Webale Murakoze Asante I&M GROUP PLC 1 PARK AVENUE 1ST PARKLANDS P.O. BOX 30238 – 00100 TEL: +254 (0)20 3221000 Investor-Relations@imgroup-plc.com