National Development Bank Plc · CSELK:NDB.N0000
National Development Bank — Q1 2025 Earnings Presentation
25 slides from National Development Bank's earnings presentation, 2025
Slide 1: Financial Results for 1Q 2025
National Development Bank PLC Financial Results for 1Q 2025 Presentation to Investors and Analysts
Slide 2: Corporate Participants
Corporate Participants PRESENTED BY Kelum Edirisinghe, Director/ Chief Executive Officer Q&A Panelists Kelum Edirisinghe, Director/ Chief Executive Officer K V Vinoj - Deputy Chief Executive Officer Nadika Ranasinghe – Vice President - Strategy Himali Nandika - Assistant Vice President - Finance
Slide 3: Summary
1Q 2025 Results Appendix Summary 1 Pre-tax profitability up by 118% to Rs. 4.0 Bn 2 Post-tax profitability up by 168% to Rs. 1.9 Bn 3 Total assets growth of 7% to Rs. 852.4 Bn 4 Loan book growth of 5% to Rs. 535.2 Bn stemming from all business sectors 5 Net interest margin of 3.92% 6 CASA ratio impr
Slide 4: Financial performance
1Q 2025 Results Appendix Financial performance Rs. Mn – 3 months ended 31 March 2025 2024 ∆ Rs. ∆% Gross income 22,981 26,074 (3,093) (12) NII 7,975 8,076 (101) (1) YoY PBT movement in Rs. Mn Total operating income 10,573 10,081 492 5 Impairment charges/ (reversal) 2,632 4,356 (1,724) (40) Impact of
Slide 5: NII & NIM
1Q 2025 Results Appendix 42bps NIM 4.34% NII & NIM 4.00% 3.96% 4.23% 3.92% 3.07% 3.25% Rs. Mn – 3 months ended 31 March 2025 2024 ∆ Rs. ∆% Interest income 20,359 24,066 (3,707) (15) Interest expenses 12,384 15,990 (3,606) (23) NII 7,975 8,076 (101) (1) 2020 2021 2022 2023 1Q2024 2024 1Q2025 • Net in
Slide 6: Non-fund based income (NFBI)
1Q 2025 Results Appendix Non-fund based income (NFBI) Total operating income composition Rs. Mn – 3 months ended 31 March 2025 2024 ∆ Rs. ∆% Net fee and commission income 1,756 1,797 (41) (2) (NFCI) 1Q2025 1Q2024 Net gain from trading (NGT) 326 317 9 3 8% 2% Net gain from financial assets at fair (2
Slide 7: Credit quality and impairment
1Q 2025 Results Appendix Credit quality and impairment Rs. Mn – 3 months ended 31 March 2025 2024 ∆ Rs. ∆% Credit quality movement (%) Total impairment on the loan book – Rs. Mn 51,634 47,394 4,240 9 12 54.48 53.26 60 49.4 Credit portfolio quality – As at 1Q25 FY24 ∆ Stage 03 loan ratio % 13.88 14.0
Slide 8: Operating expenses
1Q 2025 Results Appendix Operating expenses 13% YoY movement in Rs. Mn Rs. Mn – 3 months ended 31 March 2025 2024 ∆ Rs. ∆% Personnel expenses 2,311 2,078 233 11 Depreciation and amortisation 272 258 14 5 Other expenses 1,832 1,560 272 17 Total operating expenses 4,414 3,896 518 13 Cost to income rat
Slide 9: Taxes and profitability
1Q 2025 Results Appendix Taxes and profitability Profitability and Effective tax Rate (ETR) 4,50 0 62.0 0 3,984 Rs. Mn – 3 months ended 31 March 2025 2024 ∆ Rs. ∆% 4,00 0 60.0 0 60.68 PBT 3,984 1,829 2,155 118 3,50 0 58.0 0 Tax on financial services 1,064 646 418 65 3,00 0 Income tax 995 464 531 115
Slide 10: Balance sheet performance
1Q 2025 Results Appendix Balance sheet performance Currency composition of the loan book Rs. Bn – As at end 1Q25 FY24 ∆ Rs. ∆% 1Q2025 76.08% 23.92% Total assets 852 796 57 7 Gross loans 535 510 25 5 Investments 284 267 17 6 FY2024 76.56% 23.44% Balance sheet funding Customer deposits 642 632 10 2 1Q
Slide 11: Customer deposits
1Q 2025 Results Appendix Customer deposits Movement in deposits in Rs. Bn Rs. Bn 1Q25 Composition % FY24 Composition % 2% Demand deposits 54 8.4 54 8.5 Savings deposits 112 17.4 103 16.3 CASA total 166 25.82 157 24.91 Time deposits 476 74.1 474 75.0 Other deposits 1 0.2 1 0.2 Total 642 632 CASA tren
Slide 12: Capital
1Q 2025 Results Appendix Capital Capital progression – Capital in Rs. Bn, ratios in % 160.0 25 Rs. Bn – as at end 1Q25 FY24 ∆ Rs. ∆ % 140.0 Common Equity Tier 1 (CET1) capital 58.8 62.1 (3.3) (5) 20 Tier 1 capital 58.8 62.1 (3.3) (5) 120.0 19.09 Total capital 81.9 86.7 (4.8) (5) 16.95 RWA 483.3 453.
Slide 13: Key ratios
1Q 2025 Results Appendix Key ratios Investor ratios 1Q25 FY24 ∆ ROE and PBV movement Closing Price per Share - Rs. 107.00 113.25 (6.25) 18.18 21.73 (3.55) 15 0.6 0.6 0.7 EPS - Rs. (Annualised) 0.6 ROE (%) 10.03 12.22 (2.19) ppt 0.6 ROA (%)Pre-tax 1.92 3.09 (1.17) ppt 0.5 12.22 Book Value per Share -
Slide 14: Q&A
Q&A
Slide 15: APPENDIX
APPENDIX
Slide 16: Financial performance summary
4Q2024Results Appendix Financial performance summary Income and profitability - Rs. Mn - for the quarter of 1Q24 2Q24 3Q24 4Q24 1Q25 ∆% vs 1Q24 Gross income 26,074 26,356 21,750 25,204 22,981 (12) NII 8,076 8,420 7,892 9,823 7,975 (1) NFBI 2,005 4,438 1,695 3,159 2,597 30 Total operating income 10,0
Slide 17: Banking NII
4Q2024Results Appendix Banking NII NII & NIM 1Q 24 2Q24 3Q24 4Q24 1Q25 ∆% vs 1Q24 NII - Rs. Mn (for the quarter) 8,076 8,420 7,892 9,823 7,975 (1) NIM - % (as at end of the quarters) 4.23 4.26 4.21 4.34 3.92 (31) bps Average interest earning assets - Rs. Bn (as at end of the quarter) 783 777 764 807
Slide 18: Impairment
4Q2024Results Appendix Impairment Impairment and related ratios – For the quarter of 1Q24 2Q24 3Q24 4Q24 1Q25 ∆% vs 1Q24 Impairment on loans / (reversal) (Rs. Mn) 3,107 4,009 2,572 3,598 2,435 (22) Impairment on investments / (reversal) (Rs. Mn) 1,250 32 80 (25,055) 197 (84) Impaired Loans (Stage 3)
Slide 19: Expenses
4Q2024Results Appendix Expenses Expenses - Rs. Mn - for the quarter of 1Q24 2Q24 3Q24 4Q24 1Q25 ∆% vs 1Q24 Personnel Expenses 2,078 2,251 2,251 2,461 2,311 11 Depreciation and amortization 258 265 284 283 272 5 Other Expenses 1,560 1,584 1,547 1,977 1,832 17 Total operating expenses 3,896 4,100 4,08
Slide 20: Balance Sheet
4Q2024Results Appendix Balance Sheet Rs. Bn - As at end 1Q24 4Q24 1Q25 ∆% YoY Total assets 757.4 795.7 852.4 12.54 Gross loans 485.6 509.8 535.2 10.21 Net loans 439.6 460.7 485.2 10.37 Customer deposits 614.4 631.7 642.3 4.54 Return on assets (before taxes) (%) 1.03 3.09 1.92 89 bps Loans to deposit
Slide 21: Capital and Liquidity
4Q2024Results Appendix Capital Rs. Bn - As at end 1Q24 4Q24 1Q25 ∆% YoY Common Equity Tier 1 (CET1) Capital 52.8 62.1 58.8 11.36 Tier 1 Capital 52.8 62.1 58.8 11.36 Total Capital 70.9 86.7 81.9 15.51 Liquidity % - As at end 1Q24 4Q24 1Q25 ∆ ppt (YoY) Liquidity Coverage Ratio (%) - All Currency 282.8
Slide 22: Glossary
Q1 2025 Results Appendix Glossary AWDR Average weighted deposits rate NGFAFVP&L Net gain/(loss) from financial assets at fair value through profit or loss AWPR Average weighted prime lending rate NGT Net gains from trading bps Basis points NII Net interest income CAR Capital adequacy ratio NIM Net i
Slide 23: Analyst support
Q1 2025 Results Appendix Analyst support Webinar transcripts hosted to the NDB Corporate website/ IR page in playback video and written transcript forms Dedicated communication channels made available for any queries and clarifications Email investor.relations@ndbbank.com Web www.ndbbank.com/Inv
Slide 24: Forward looking statements
Q1 2025 Results Appendix Forward looking statements This document has been prepared by National Development Bank PLC [“NDB”, “Bank” or the “Group”] solely for use at its presentation to potential & current investors. The information contained in this document should be considered in the context of t
Slide 25: NDB bank
ZANDB bank
National Development Bank — Q1 2025 Earnings Presentation on 6ix