Mashreqbank Psc · DFM:MASQ
Mashreqbank Psc — Mashreqbank — 9M 2022 Earnings Presentation
21 slides from Mashreqbank Psc's earnings presentation, September 2022
Slide 1: 9M 2022 Financial results presentation
9M 2022 Financial results presentation SEPTEMBER 2022 1 Classification: Confidential
Slide 2: Disclaimer
Disclaimer The material in this presentation is general background information about MashreqBank’s activities current at the date of the presentation. It does not constitute or form part of and should not be construed as, an offer to sale or issue or the solicitation of an offer to buy or acquire se
Slide 3: 9M 2022 Results: Performance Highlights
9M 2022 Results Performance Highlights Financial Results Appendix 3 Classification: Confidential
Slide 4: Performance Highlights
Performance Highlights > Operating Income for 9M 2022 increased by 24.3% compared to last year and stands at AED 5.3 billion driven by robust results from both our domestic and international operations > Fee and other income proportion remains high at 42.2% > Advances increased by 12.1% YTD; Strong
Slide 5: Financial highlights – Consolidated Income statement
Financial highlights – Consolidated Income statement [AED million] Consolidated Income statement 9M 2022 9M 2021 Variance Comments Operating income 5,342.9 4,297.9 24.3% > Operating income is up mainly from increased interest income driven by organic growth across all business activities. Fee & comm
Slide 6: Financial highlights – Consolidated Balance sheet
Financial highlights – Consolidated Balance sheet [AED million] Consolidated Balance sheet Sep 2022 Dec 2021 Variance Comments Total Assets 187,587 177,054 5.9% > Customer loans and advances at AED 91 billion, increased by 12.1% year to date as a result of increased lending in the Services & Manufac
Slide 7: Financial track record
Financial track record 30 Sep 2022 30 Sep 2021 31 Dec 2021 Capital adequacy Tier I Capital Ratio 14.0% 13.3% 13.4% Total Capital Ratio 15.2% 14.4% 14.5% Liquidity Liquid Assets to Total Assets1) 29.5% 28.6% 29.0% Advances to Deposits 83.5% 81.2% 80.3% Liquidity Coverage Ratio (LCR) 135.3% 150.0% 149
Slide 8: Financial Results
9M 2022 Results Performance Highlights Financial Results Appendix 8 Classification: Confidential
Slide 9: Operating income mix
Operating income mix [AED million] Net interest income Non-interest income +56.7% Fee & Comm. Inv. Income Other Income +22.7% 1,246 723 795 1,015 633 795 404 362 476 23 40 231 261 369 (14) 3Q 2021 2Q 2022 3Q 2022 3Q 2021 2Q 2022 3Q 2022 % of % of operating 56% 58% 61% operating 44% 42% 39% income in
Slide 10: Operating income, expense and net profit
Operating income, expense and net profit [AED million] Operating income and expenses Net profit/(loss) Operating income Operating expenses Operating Profit +43% Net Profit +69% 2,041 1,738 1,428 1,243 1,181 1,041 797 737 793 691 697 180 3Q 2021 2Q 2022 3Q 2022 3Q 2021 2Q 2022 3Q 2022 Cost 48% 40% 39
Slide 11: Asset mix
Asset mix [AED billion] Total Assets and Net Loans & Advances 2) Gross Loans & Advances 2) portfolio split as of September 2022 (AED 99.7 billion) Total Assets Manufacturing Net Loans & Advances Construction 14.7% 16.3% Trade 177.1 182.6 188.6 187.6 Transport & Comm. 169.6 9.8% 8.2% Services 86.3 89
Slide 12: Liability mix
Liability mix [AED billion] Liability mix Customer deposits 156.0 164.6 13% 9% 3% 101.5 104.2 109.3 109.4 5% 3% 94.8 Other Liabilities 3% 18% Med.Term Loans 14% Insurance Liabilities Due to Banks Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Customer deposits 65% 66% Customer deposits split Sep2022 (AED 109.4
Slide 13: Asset quality and liquidity
Asset quality and liquidity [AED billion] NPL’s and % of Gross Loans NPL Coverage Ratio [%] NPL % of Gross Loans (RHS) NPLs (LHS) % AED Bn 149.7% 6 9 128.2% 131.6% 132.1% 5.5 5.4 5.1 5.2 125.0% 8 5 4.3 7 4 5.6% 6 5.2% 4.6% 4.6% 5 3 3.6% 4 2 3 2 1 1 0 0 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Sep-21 Dec-2
Slide 14: Capital adequacy
Capital adequacy [AED billion; %] Tier I and Tier II Capital [AED billion] Tier I and Capital Adequacy Ratios [%] Tier 2 capital Tier 1 Ratio CAR CET 1 capital 23.7 14.4 14.5 15.2 Additional Tier 1 21.8 14.0 13.6 14.0 21.5 21.7 1.8 13.3 13.4 12.9 20.8 12.4 1.6 1.7 1.8 1.9 20.8 19.1 19.8 19.9 20.0 1.
Slide 15: Business segment information (1/2)
Business segment information [AED million] (1/2) Wholesale Banking Key Points Assets Operating income > Wholesale banking is the biggest segment in Mashreq in terms of assets (52% of Liabilities assets) and liabilities (48% of total liabilities) as of Sep 2022 +8% > Assets increased by 7.6% and stan
Slide 16: Business segment information (2/2)
Business segment information [AED million] (2/2) Treasury & Capital Markets Key Points > Treasury & Capital Markets accounts for 21% of assets and 13% of liabilities Assets as of Sep 2022 Operating income Liabilities > Assets increased by 7% year to date and stood at AED 39.4 billion. +3% -21% > TCM
Slide 17: Appendix
9M 2022 Results Performance Highlights Financial Results Appendix 17 Classification: Confidential
Slide 18: 9M 2022 financials – Consolidated Income statement
9M 2022 financials – Consolidated Income statement [AED million] Income statement 2022 2021 Variance (% change) 9M 2022 vs 9M 2021 9M 9M (Y-o-Y) Net interest income 3,089.6 2,235.2 38.2 Net Fees and commission 1,334.4 1,180.2 13.1 Net Investment income 26.7 174.0 (84.7) Other income 892.2 708.4 25.9
Slide 19: 3Q 2022 financials – Consolidated Income statement
3Q 2022 financials – Consolidated Income statement [AED million] Income statement 2022 2022 2021 Variance (% change) 3Q 2022 vs 2Q 2022 3Q 2022 vs 3Q 2021 3Q 2Q 3Q (Q-o-Q) (Y-o-Y) Net interest income 1,245.5 1,015.0 794.8 22.7 56.7 Net Fees and commission 404.2 476.1 361.7 (15.1) 11.7 Net Investment
Slide 20: Sep 2022 financials – Consolidated Balance sheet
Sep 2022 financials – Consolidated Balance sheet [AED million] Balance sheet 30 Sep 2022 31 Dec 2021 YTD (%) Assets Cash and balances with central banks 17,846 17,508 2% Deposits and balances due from banks 33,340 28,805 16% Other financial assets measured at fair value 15,169 16,441 (8%) Other fina
Slide 21: Thank you
= Gyivall mashreq Ree evry dag _— ~~ THANK YOU.