Bank Alfalah Limited · PSX:BAFL
Bank Alfalah — 1H 2022 Earnings Presentation
17 slides from Bank Alfalah's earnings presentation, Aug 12, 2022
Slide 1: Corporate Briefing Session 2022: Performance Review & Outlook
Bank Alfalah Limited Corporate Briefing Session 2022 Performance Review & Outlook Aug 2022 BAF - Confidential
Slide 2: Overview
Bank Alfalah Limited Overview Major Sponsors Credit Rating Domestic Coverage Global Presence Sponsors include Rated AA+ (Long Term) and Presence in over 225 cities 11 International Branches Dhabi Group (50%); IFC (15%) A1+ (Short Term) across Pakistan in 4 countries Our Customers Profits Market Shar
Slide 3: Dominant Player Across Our Integrated Business Functions
Bank Alfalah Limited Dominant Player Across Our Integrated Business Functions Deposits Current deposits Primary Dealer Home Finance Credit Cards Auto Finance Highest growth of 3rd highest growth, Ranked as No. 1 3rd largest on ENR 2nd largest in share, Market Leader, 29%, 3rd largest CA Mix of Prima
Slide 4: Financial Results – 1H 2022
Financial Results – 1H 2022 BAF - Confidential 4
Slide 5: Balance Sheet Snapshot
Financial Results – 1H 2022 Balance Sheet Snapshot Amount PKR mn Jun-21 Dec-21 Mar-22 Jun-22 YoY QoQ ▪ Deposits grew 29% YoY, (Current Accounts grew 26%) 97,485 105,606 111,097 131,807 35% 19% as focus on market Cash penetration and branch Bal with banks 19,778 9,783 14,223 12,610 -36% -11% expansio
Slide 6: Profit & Loss Snapshot
Financial Results – 1H 2022 Profit & Loss Snapshot Amount PKR mn 1H 2021 1H 2022 YoY 2Q 2021 1Q 2022 2Q 2022 QoQ YoY ▪ NII grows 46% YoY; solid growth in earning assets and 46,012 82,631 80% 24,624 35,942 46,688 30% 90% margins expansion after re- Interest Income pricing of the well positioned Inter
Slide 7: Key Ratios
Financial Results – 1H 2022 Key Ratios 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 ▪ Spread expansion in line with interest rate hike as Floating Yield on Advances 7.2% 7.5% 7.2% 7.6% 8.6% 10.1% Rate PIBs/ T-Bills dominate investment book. Full impact Yield on Investments 7.3% 7.5% 7.3% 8.0% 9.7
Slide 8: Trends Analysis
Trends Analysis BAF - Confidential 8
Slide 9: Financial Snapshot
Trends Analysis Financial Snapshot Deposits (PKR bn) – Domestic Market Share reaches 5.3% CASA Deposits (PKR bn) – CASA Ratio at 73.4% 1,500 1,319 5.5% 1,000 876 949 968 90.0% Thousands Thousands 1,178 805 814 1,139 5.3% 800 85.0% 1,026 1,036 5.3% 5.3% 80.6% 1,000 5.1% 78.5% 78.6% 600 76.9% 80.0% 5.
Slide 10: Quarterly Advances & Asset quality trends
Trends Analysis Quarterly Advances & Asset quality trends Marginal rise in NPL Ratio to comfortable 3.5% Coverage improves to 110% 5.0% NPLs (PKR Bn) NPLs/gross advances 30 110% 26.3 25.1 25.0 24.7 24.3 25 105% 4.0% 3.9% 20 100% 3.7% 110% 3.5% 3.4% 3.5% 105% 3.0% 15 95% 101% 102% 99% 2.0% 10 90% 2Q2
Slide 11: Balance Sheet
Trends Analysis Balance Sheet Amounts in PKR mn 2016 2017 2018 2019 2020 2021 5yr CAGR Cash & Bal. With Treasury Bank 74,071 70,381 82,408 100,732 99,348 105,606 7.4% Balances With Other Banks 9,373 3,754 3,875 4,710 6,234 9,783 0.9% Lending to FIs 30,149 48,896 62,172 71,435 77,306 35,982 3.6% Adva
Slide 12: Profit & Loss
Trends Analysis Profit & Loss Amounts in PKR mn 2016 2017 2018 2019 2020 2021 5yr CAGR Interest Income 57,144 56,919 59,672 92,519 92,616 100,182 11.9% Interest Expenses 28,153 27,354 27,746 47,623 47,911 54,134 14.0% Net Int. Income 28,991 29,565 31,926 44,896 44,705 46,048 9.7% Non Int. Income 8,9
Slide 13: Key Ratios
Trends Analysis Key Ratios 2016 2017 2018 2019 2020 2021 Capital Adequacy Ratio (Tier - I) 9.9% 10.9% 12.2% 13.3% 12.7% 11.1% Capital Adequacy Ratio Total 13.2% 13.4% 15.0% 16.9% 16.5% 14.4% Net Interest Margins 3.6% 3.6% 4.0% 5.3% 4.3% 3.4% Admin Cost to Income Ratio 62.5% 64.8% 57.3% 52.6% 54.7% 5
Slide 14: Awards
Awards Awards Best Customer Franchise Global Diversity and Inclusion Best Investor Relations, PSX Pakistan Digital Awards 2022 Award 2021 Benchmarks (GDIB) Awards 2021 Listed Companies • Best High Impact Campaign Award for Savings Account Campaign • Best Digital Campaign Award for Home Remittance Ca
Slide 15: Stock Market Related Data
Bank Alfalah Limited Stock Market Related Data Bloomberg Code BAFL PA Reuters Code BAFL.KA Shares Outstanding (mn) 1,777.17 Market Capitalization (PKR bn)** 58,096 Market Capitalization (USD mn)* 262 Average Daily Turnover (mn shares) - 12M 1.40 Average Daily Turnover (USD mn) - 12M 0.27 Current Sto
Slide 16: Contact Details
Bank Alfalah Limited Contact Details For any queries: Syed Akbar Ali, CFA, FRM Head of Capital Markets & Investor Relations Bank Alfalah Limited Phone: +92 (21) 3242 3617 E-mail: syed.akbar@bankalfalah.com BAF - Confidential 16
Slide 17: Disclaimer
Bank Alfalah Limited Disclaimer This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimat