Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — Q2 2018 Earnings Presentation
36 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, 2018
Slide 1: Investor Relations Presentation Q2'2018
INVESTOR RELATIONS PRESENTATION Q2’2018
Slide 2: Table of Contents
TABLE OF CONTENTS Overview …… 3 About CIB …… 12 Financial Review …… 27 Conclusion …… 37
Slide 3: Disclaimer
Overview | About CIB | Financial Review | Conclusion Disclaimer By attending the meeting where this presentation is made or distributed, or by reading the presentation slides, you agree with the following limitations: • The information in this presentation may contain future projections and forward‐
Slide 4: Egypt's Fact Sheet
Overview | About CIB | Financial Review | Conclusion Egypt’s Fact Sheet Country Profile Diversified Economy¹ Name Arab Republic of Egypt Capital Cairo Currency Egyptian Pound (EGP) Total area c.1,002,000 sqm.km Inhibited area 7.88% of total area Governorates 27 Favorable Demographics Population 97.2
Slide 5: Macro-Environment - Real Sector
Overview | About CIB | Financial Review | Conclusion Macro-Environment- Real Sector Real GDP Growth* (%) Inflation (%) Reform-led boom Core Inflation (%) Headline Inflation (%) 8.0% 7.2% 80% 7.1% Global Financial Crisis 35.3% 34.9% 33.1% 32.3% 32.1% 33.3% 7.0% 70% 30.6% 32.0% 30.5% 30.9% 6.0% 5.1% 5
Slide 6: External Sector (BOP)
Overview | About CIB | Financial Review | Conclusion External Sector (BOP) Tourism& Remittance proceeds Foreign Direct Investment (FDI)* 26,145 30,000 19,330 12,000 18,668 18,519 17,453 17,077 25,000 20,000 9,958 7,916 9,752 7,370 7,526 15,000 8,000 6,933 6,758 6,380 5,073 4,380 3,768 10,000 5,000 3
Slide 7: Fiscal Sector & Debt
Overview | About CIB | Financial Review | Conclusion Fiscal Sector & Debt Fiscal Budget Gross Domestic Debt/GDP ( % ) - Fiscal Year 100.00% 96.70% 1,800,000 14.00% 95.00% 91.10% 13.00% 90.00% 86.60% 1,600,000 12.50% 85.30% 83.80% 12.20% 12.00% 82.10% 85.00% 81.30% 11.50% 10.90% 80.00% 1,400,000 75.0
Slide 8: Economic Outlook & Credit Rating
Overview | About CIB | Financial Review | Conclusion Economic outlook & Credit Rating Projected Economic Indicators Q3/18 Q4/18 Q1/19 Q2/19 2020 GDP Growth Rate 5.6 5.6 5.6 5.6 5.8 percent Unemployment Rate 10.4 10.3 10 10 11 percent Inflation Rate 13.2 14 13 16.4 9.5 percent Government Debt to GDP
Slide 9: Egypt's Banking Sector
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector Total loans (EGP bn) Total deposits (EGP bn) LDR (%) 1,538 3,484 49% 49% 1,418 46% 46% 3,042 44% 45% 41% 41% 937 2,123 714 1,740 584 1,434 503 545 1,191 471 965 1,027 10/11 11/12 12/13 13/14 14/15 15/16 16/17 Mar-18 10/11 11
Slide 10: Egypt's Banking Sector (Cont'd)
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector (Cont’d) Total # of branches Total # of ATMs Total # of POS Mar-18 4,118 11,002 Dec-17 66,608 Dec-17 16/17 4,009 10,701 16/17 68,630 16/17 15/16 3,882 9,031 15/16 64,349 15/16 14/15 3,766 7,855 14/15 55,876 14/15 13/14 3,710
Slide 11: Why Egypt?
Overview | About CIB | Financial Review | Conclusion Why Egypt? Economic Environment Attracts Investments Among the most diverse in the MENA region Approved IMF Loan signaling a tremendous confidence boost in Egypt's ability to release its New Suez Canal economic potential in a sustainable way New C
Slide 12: CIB at a Glance
Overview | About CIB | Financial Review | Conclusion CIB at a Glance RW led Strategic subsidiaries consortium divested Actis Sold 2.6% Chase National IPO raising US$ 115mn; 150% established to complement our half its holdings in open market Bank established oversubscribed core business in to Actis i
Slide 13: CIB's Key Milestones
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones First joint venture Following Chase Egypt’s largest First Egyptian First private • First Egyptian • First bank in bank in Egypt; Manhattan local bank IPO, bank to have a sector bank with bank to register Egypt to Chase Nationa
Slide 14: CIB's Key Milestones (Cont'd)
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones (Cont’d) • Only Egyptian • First Egyptian • First Egyptian bank to sign • Launched its mobile banking bank recognized bank to establish a agreement with MCDR to application, with various banking as ‘Best Bank in Sustainable is
Slide 15: CIB's Associates
Overview | About CIB | Financial Review | Conclusion CIB’s Associates Ownership 32.5% Ownership 23.5% Profile: Offers a full suite of security services; Profile: an “Agent Bank” financial services; Registration Loans and Retail Cash Private Premises Cash-in- and Credit Cards Deposit and security pro
Slide 16: Lines of Business
Overview | About CIB | Financial Review | Conclusion Lines of Business Profile Institutional Banking Consumer Banking • Market leader • The take-off for a world class consumer Profile • Prime contributor to profitability banking franchise • Large and medium-size corporates (MNCs, institutions and ba
Slide 17: Business Banking
Overview | About CIB | Financial Review | Conclusion Business Banking Serves SMEs and non-borrowing Corporates through a comprehensive Covers all sectors and industries through over 100 highly trained range of financial solutions. Relationship Managers across Egypt. 2010 2011 2012 2013 2014 2015 201
Slide 18: Our Stock in a Nutshell
Overview | About CIB | Financial Review | Conclusion Our Stock in a Nutshell STOCK EXCHANGES TICKER Share Information 52 Weeks Performance Listed Egyptian Stock Exchange (EGX) COMI Shares outstanding 1,161,801,100 High EGP 96.50 Listed London Stock Exchange (LSE) CBKD Par value EGP 10.00 Low EGP 72.
Slide 19: Shareholding Structure
Overview | About CIB | Financial Review | Conclusion Shareholding Structure Free Float by Region North America (58.14%) Africa (12.97%) GCC (10.96%) UK & Ireland (7.36%) Continental Europe (6.10%) Rest of the World (4.46%) Free Float by Category Institutions (92.68%) Free Float (93.4%) Fairfax (6.6%
Slide 20: Our Presence in Egypt
Overview | About CIB | Financial Review | Conclusion Our Presence in Egypt CIB’s footprint Digital Banking Initiatives Distribution Network Digital Banking Reached 37 K Careem captains who are enrolled to Smart wallet platform. Acquired New to bank clients over Smart wallet 201 Total Branches an
Slide 21: Corporate Governance
Overview | About CIB | Financial Review | Conclusion Corporate Governance Commitment to Sound Corporate Governance Practices Continues to Define CIB This commitment is supported by several mandates: The Board’s main responsibilities include: Internal policies, risk controls, and manuals have been pu
Slide 22: Board of Directors
Overview | About CIB | Financial Review | Conclusion Board of Directors CIB’s Board consists of 9 members; The Board and its committees are governed by well-defined charters that sets out its responsibilities and composition requirements 7 are non-executive and 5 are independent* The Board is suppor
Slide 23: Our Strategy
Overview | About CIB | Financial Review | Conclusion Our Strategy Today Tomorrow Financial Quality loan growth, • Positioned as trade finance hub for Egypt & Africa Deposit growth, with focus on Transactional banking • Focus on SMEs & underpenetrated retail banking segment Performance increasing pro
Slide 24: Business Continuity Management & Information Security
Overview | About CIB | Financial Review | Conclusion Business Continuity Management & Information Security Initiatives Pioneer in implementing international standards and best practices; established in 2010; ahead of all major players in the market CIB continues to invest in further improving its bu
Slide 25: Awards and Recognition
Overview | About CIB | Financial Review | Conclusion Awards and Recognition 2018 Best Bank Best Regional Bank - Best Sub custodian Best Bank in Egypt - Transformation in the Northern Africa - By Bank in Egypt - by By Euromoney Middle East - By African Banker Global Finance Euromoney Best Treasury &
Slide 26: Performance Snapshot: June 2018
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: 31 June 2018 Key Indicators Q2’ 2018 Comparison Commentary REVENUES EGP 4,998 mn EGP 3,554 mn; Q2’17 41% YoY Profitability NPAT EGP 2,403mn EGP 1,828 mn; Q2’17 31% YoY ROAE 34.1% 31.6%; Q2’17 8% YoY ROAA 3.09% 2.66%; Q2’17 17
Slide 27: Performance Snapshot: Profitability
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Profitability Net Profit After Tax Fees & Commission Break-down Interest Income Break-down 3,000 1,200 12,000 8,996 31% 2,403 2,500 1,000 846 10,000 6,821 25% 1% 28% 1,828 8,000 2,000 800 669 4,416 45% 1,464 1% 1,500 469 474
Slide 28: Performance Snapshot: Balance Sheet
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Balance sheet Split of Assets by type Loan portfolio by industry Q2’2018 Q2'18 8% 16% 11% 2% 34% 25% 3% 312,179 2% 18% Q1'18 8% 14% 15% 2% 31% 27% 3% 309,749 FI 35% Manufacturing Q4'17 5% 15% 18% 2% 30% 26% 3% 294,782 Rel est
Slide 29: Performance Snapshot: Asset Quality
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Asset Quality Q2’17 Q3’17 Q4’17 Q1’ 18 Q2’18 *NPL Ratio 6.81% 6.94% 6.95% 5.11% 4.50% *Coverage 148% 155% 154% 202% 216% NPLs by segment** (EGP Mn) Q2'18 65% 35% 413 Q1'18 84% 16% 582 Corporate Q4 '17 79% 21% 2,373 Retail Q3'
Slide 30: Performance Snapshot: Funding Overview
Overview | About CIB | Financial Review | Conclusion Performance Snapshot :Funding Overview Funding Structure Due to Customers (94.07%) Other Liabilities (2.63%) Due to Banks (1.99%) Other Term Loans (1.30%) Customer Deposit Mix Demand (33.29%) CDs (26.06%) Savings (23.96%) TDs (14.59%) Other (2.10%
Slide 31: Performance Snapshot: Funding & Capital
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Funding & Capital Loans to Deposit Ratio Capitalization 29 25.00% 28.5 28.4 28 27.8 45.00% 42.62% 44.92% 42.19% 20.00% 40.00% 41.08% 40.84% 27 35.00% 26.6 30.00% 18.03% 17.87% 17.93% 25.00% 26 16.95% 15.00% 20.00% 15.00% 25 1
Slide 32: 10-Year Performance Summary
Overview | About CIB | Financial Review | Conclusion 10-Year Performance Summary 2.89% 2.93% 2.94% 2.95% 57.0% 2.62% 2.92% 2.51% 2.71% 2.69% 55.5% 43.2% 53.8% 53.2% 50.0% 2.03% 35.3% 36.9% 40.0% 294,782 36.6% 267,544 75,425 57,462 64,255 88.4 85.4 179,500 63.4 56.8 143,813 48.8 41.9 41.8 113,752 48.
Slide 33: Position Among Peers
Overview | About CIB | Financial Review | Conclusion Position Among Peers Total Assets (EGP Bn) Net Income (EGP Mn) Gross Loans/Deposits CAE 47 CAE 606 CIB 42.2% Alex 82 Alex 809 HSBC 44.4% HSBC 91 HSBC 976 CAE 48.2% AAIB 218 AAIB 1,143 Alex 51.0% QNBA 227 QNBA 1,502 AAIB 53.3% CIB 311 CIB 2,018 QNB
Slide 34: Market Share
Overview | About CIB | Financial Review | Conclusion Market Share 8.52% 8.58% 8.52% 8.54% 8.57% 8.45% 8.43% 8.45% 8.37% 8.40% 8.36% 8.32% 8.35% 8.12% 8.25% 8.28% 8.27% 8.09% 8.06% 7.99% 7.80% 8.18% 8.22% 8.18% 7.53% 7.91% 7.95% 7.35% 7.84% 7.75% 7.90% 7.67% 7.65% 7.51% 7.56% 7.48% 7.56% 7.37% 7.40%
Slide 35: Why CIB?
Overview | About CIB | Financial Review | Conclusion Why CIB? Profitability Total revenues EGP NPAT EGP 4,424mn 9,149mn Asset Quality Extremely skilled Highly qualified Among the best and experienced Board of Directors Investor Relations NPL/Gross loans 4.50%* Direct Coverage Ratio Management Team t
Slide 36: Thank You!
Overview | About CIB | Financial Review | Conclusion Thank You! For more information, please visit our website; www.cibeg.com To read about the projects that the CIB Foundation has helped support, and to know ways in which you can donate, please visit www.cibfoundationegypt.org Investor Relations co
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