Banque Saudi Fransi · TADAWUL:1050
Banque Saudi Fransi — Q3 2019 Earnings Presentation
22 slides from Banque Saudi Fransi's earnings presentation, 2019
Slide 1: Banque Saudi Fransi Investor Presentation Q3 2019 Results
Banque Saudi Fransi Investor Presentation | Q3 2019 Results
Slide 2: Investor Presentation Disclaimer
INVESTOR PRESENTATION | DISCLAIMER This presentation is being provided to you for general information purposes. The information contained in the presentation has been obtained from sources believed by Banque Saudi Fransi (“BSF") to be up to date, correct and reliable, but BSF does not make any repre
Slide 3: Contents
INTRODUCTION | OUR AGENDA Contents Our Profile Our Financial Results | Highlights Our Financial Results | Details Our Operating Review | By Business Line |2
Slide 4: Our Profile
Banque Saudi Fransi Our Profile
Slide 5: BSF at a Glance
OUR PROFILE | BSF AT A GLANCE We are a leading banking group in Saudi Arabia with a strong focus on domestic operations As of September 2019 SAR SAR SAR >1mn 3,700 ≈3,000 Retail Client Corporate Employees 186bn 142bn 39bn Client Assets Deposits Market Cap Subsidiaries in KSA: Headquartered in Riyadh
Slide 6: BSF at a Glance: Diversified Base of Earnings
OUR PROFILE | BSF AT A GLANCE We operate a universal banking business model with a diversified base of earnings Total revenues contribution 9M 2019, SAR 2,326mn 1,219mn 24% 45% 5,167mn GLOBAL MARKETS & ALM CORPORATE 1,406mn 215mn 27% 4% RETAIL INVESTMENT BANKING |BSF Investor Relations |5
Slide 7: BSF Share Profile and Credit Rating
OUR PROFILE | BSF SHARE PROFILE AND CREDIT RATING Our market parameters are strong with solid credit ratings Share Parameters 30-Sep-19 YTD Share Price Performance Closing Price (SAR) 32.25 4% 50 52 weeks Range (SAR) 27 - 44 45 40 Free Float Shares 751,452,083 35 30 Shares issued 1,205,357,167 25 20
Slide 8: Our Shareholding structure is solid and diversified
Our Shareholding structure is solid and diversified BSF Shareholder Structure, September 2019 RAM Holdings (Ripplewood) 3.00% Kingdom Holding Talal Al Maiman GOSI Others 8.98% 51.98% Credit Agricole No Representatives Al Rashed Family GOSI Mazin Al Romaih (Chairman) 9.83% Others RAM Holding Tim Coll
Slide 9: Our Financial Results | Highlights
Banque Saudi Fransi Our Financial Results | Highlights
Slide 10: Our key messages
OUR FINANCIAL RESULTS | HIGHLIGHTS Our key messages Loans (SARbn) Deposits (SARbn) Balance sheet remained almost flat QoQ with total assets of SAR 186Bn. -0.64% -0.23% Loan portfolio at SAR 123Bn down by (-0.6% QoQ) as corporate lending Balance declined by 1.8% QoQ partially offset by the growth
Slide 11: Favorable deposit mix and loan-to-deposit ratio at 87%
OUR FINANCIAL RESULTS | BALANCE SHEET HIGHLIGHTS Favorable deposit mix and well positioned loan-to-deposit ratio at 87% Balance Sheet (SARmn) Composition of BSF Assets 2016 2017 2018 Q1 2019 Q2 2019 Q3 2019 QoQ Total Assets 203,429 192,929 190,201 189,990 186,579 186,365 -0.11% Loans and Advances 12
Slide 12: Improved margins resulted in better NII and higher revenues
OUR FINANCIAL RESULTS | INCOME STATEMENT HIGHLIGHTS Improved margins resulted in better NII and higher revenues. Income Statement Trends (SARmn) Net Interest Income (SAR Mn) 2016 2017 2018 9M'18 9M'19 YoY 1,344 1,273 1,298 Net interest income 4,256 4,700 5,017 3,770 3,914 3.8% 1,261 1,247 Non-intere
Slide 13: Our Financial Results | Details
Banque Saudi Fransi Our Financial Results | Details
Slide 14: NIM growth supported by Improved margins
OUR FINANCIAL RESULTS | PROFITABILITY DETAILS NIM growth supported by Improved margins Net Interest Income (SARmn) Net Income after zakat & tax (SARmn) 5,00 4,50 4,700 5,017 4,00 4,256 3,237 3,233 2,835 3,50 3,914 2,600 3,770 Net Interest / Credit Risk 3,00 2,50 Return on Equity 10.90% 1,903 11.86%
Slide 15: Higher impairment charges compared to 2018
OUR FINANCIAL RESULTS | LOAN PORTFOLIO DETAILS Higher impairment charges compared to 2018 Net Loans, (SARmn) Impairment Charges (SARmn) 1,400 1,203 129,458 1,200 121,940 120,632 123,439 1,000 2.91% 2.72% 2.73% 800 747 665 0.60% 176.0% NPL / Gross Loans 600 0.36% 0.73% 123.9% 519 400 0.58% 0.53% 100.
Slide 16: Lower CBDs resulting in favorable deposit mix and lower COF
OUR FINANCIAL RESULTS | FUNDING DETAILS Lower CBDs resulting in favorable deposit mix and lower COF QoQ Funding Mix, (SARmn) Customer Deposit Breakdown, (SARmn) Thousands 175 , 00 173,730 158,458 5% 161,268 159,388 150,955 148,368 4% 153,753 170 , 00 144,820 142,226 141,898 5% 1% 6% 1% 8% 3.00% 42%
Slide 17: Strong CAR at 19.1% with solid internal capital generation
OUR FINANCIAL RESULTS | CAPITAL DETAILS Strong CAR at 19.1% with solid internal capital generation capacity and Tier 1 capital Capital Adequacy Ratio, (%) 19.39% 19.77% 19.09% 17.78% 2.06% 1.87% 0.96% 2.02% Tier 1 Capital 17.52% 17.71% 18.13% 15.76% Tier 2 Capital 1.7% 2016 2017 2018 Q3'19 |BSF Inve
Slide 18: Our Operating Review | By Business Line
Banque Saudi Fransi Our Operating Review | By Business Line
Slide 19: Corporate lending remains subdued with impairment charges increasing
OUR OPERATING REVIEW | CORPORATE BANKING Corporate lending remains subdued with impairment charges increasing by 42.7% YoY Corporate Banking Segmental Performance, (SARmn) 2016 2017 2018 9M'18 9M'19 YoY % Total Assets 116,505 107,093 102,523 107,144 102,399 -4.4% 45% of Revenue Revenues 3,103 3,001
Slide 20: Retail continue the strong performance
OUR OPERATING REVIEW | RETAIL BANKING Retail continue the strong performance, largely driven by a surge in demand for home loans and cost control Retail Banking Segmental Performance, (SARmn) 2016 2017 2018 9M'18 9M'19 YoY % Total Assets 16,500 17,791 19,764 18,983 22,655 19.3% Revenues 1,491 1,553
Slide 21: Treasury and Investment Banking performance
OUR OPERATING REVIEW | TREASURY AND INVESTMENT BANKING Treasury had a drop in net income driven by ASF sale and investment banking net income grew by 12.1% Treasury Segmental Performance, (SARmn) 2016 2017 2018 9M'18 9M'19 YoY % Total Assets 69,346 66,836 66,580 61,844 59,972 -3.0% 24% of Revenue Re
Slide 22: Contact us
Contact us Tel. +966 11 2891427 E-mail. IR@alfransi.com.sa