I&M Group PLC · NSEKE:IMH
I&M — I&M Bank (Rwanda) — H1 2022 Earnings Presentation
19 slides from I&M's earnings presentation, 2022
Slide 1: We Are On Your Side
OUR BRAND PROMISE We Are On Your Side Our Core Values INTEGRITY TRUST RESPECT INNOVATION COURAGE Classification: Public
Slide 2: Disclaimer & Forward-looking statements
Disclaimer & Forward-looking statements The contents herein have been presented in good faith. The information, statements, and opinions set out in this presentation and subsequent discussion do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation
Slide 3: Today's speakers
Today’s speakers ROBIN C. BAIRSTOW DEDERI WIMANA MANAGING DIRECTOR CHIEF FINANCE OFFICER I&M Rwanda - H1 2022 Earnings Presentation 3 Classification: Public
Slide 4: Index
Index 1 Operating context & Business Highlights 2 Financial Review 3 Strategy Update & Outlook I&M Rwanda - H1 2022 Earnings Presentation
Slide 5: Rwanda | Operating Context
Rwanda | Operating Context Outlook Review on Rwanda Macroeconomic pressures • GDP growth of 7.9% (Q1-2022) - (10.3% in Dec • Currency depreciation by 3.78% YoY against the 2021) US Dollars (2) (slower than 5.34% recorded by June 2021) • Rebound of business & economic activities: following the liftin
Slide 6: Business Highlights | Delivered strong half-year results
Business Highlights | Delivered strong half-year results • Customer base: +62 K, up by 31% YoY. • Customer deposits of RWF 352Bn, up by 8% YTD. Growth • Loan book of RWF 237Bn, up by 7% YTD. • Revenue growth: Net Interest Income +17% YoY and Non-funded Income +35% YoY. • Headline earnings +16% YoY.
Slide 7: Index
Index 1 Operating context & Business Highlights 2 Financial Review 3 Strategy Update & Outlook I&M Rwanda - H1 2022 Earnings Presentation
Slide 8: H1-2022 Financial highlights – ongoing execution of our iMara 2.0 strategy
H1-2022 Financial highlights – ongoing execution of our iMara 2.0 strategy Rwf 'Millions Jun-22 Jun-21 Jun-20 % YoY Var. Cost-to-Income Ratio Net interest income 15,572 13,309 11,230 17.0 -4% 59.9% Net fee income 1,075 857 768 25.4 57.8% Trading and other income 2,965 2,134 2,067 38.9 Total operatin
Slide 9: Well-funded, diversified, and highly liquid balance sheet
Well-funded, diversified, and highly liquid balance sheet (large % contribution from deposits from customers & other financial institutions) % Var. Credit Quality indicators Rwf 'Billions Jun-22 Dec-21 Dec-20 Dec-21 Jun-22 Dec-21 Dec-20 Loans & Advances 237.1 222.4 205.2 7% Financial Investments 113
Slide 10: Strong capital levels & liquidity Ratios
Strong capital levels & liquidity Ratios Capital Adequacy Ratio Liquidity Coverage Ratio 350 344 22.00% 600% 20.75% 542% 21.00% 340 504% 19.65% 500% 20.00% 330 19.35% 19.00% 320 317 400% 17.36% 18.00% 16.45% 310 18.08% 17.00% 300% 300 297 16.00% 200% 170% 290 15.00% 280 14.00% 100% 270 13.00% Dec-20
Slide 11: Key ratios reflect business growth and momentum behind strategy execution
Key ratios reflects the business growth and tangible momentum behind our strategy execution. Dec-20 Dec-21 Jun-22 Return on Equity (ROAE), % 10.9 15.7 13.1* Return on Assets (ROAA), % 1.39 2.1 1.8* Liquidity Coverage Ratio, % 542 504 170 Cost/ Income Ratio, % 57.1 62.1 57.8 Net Loans to Deposit Rati
Slide 12: Index
Index 1 Operating context & Business Highlights 2 Financial Review 3 Strategy Update & Outlook I&M Rwanda - H1 2022 Earnings Presentation
Slide 13: Strategy Highlights: iMara 2.0 strategy and strong underlying performance
Continue to be guided by our iMara 2.0 strategy & maintain a strong underlying performance across all business segments Strategy 240.8 257.8 215.9 Highlights 131.4 129.1 125.2 • Executing our MSME strategy; + 2 , 2 4 7 n ew b u s i n e s s es (50% Y oY Corporate g r o w t h) Banking • Revenue divers
Slide 14: We reiterate our 2022 main targets
We reiterate our 2022 main targets Portfolio Growth; Diversifying loan book with focus on MSMEs and Retail Banking and maintaining good asset quality. Revenue diversification; Leverage on strategic partnerships to capitalize on market opportunities. Digital & Customer Experience; leverage our digita
Slide 15: Outlook: What Success will look like in 2022
Outlook: What Success will look like in 2022 Active customers on digital channels: from 70% to 73% USD 5.5 Mn PBT: Fees & Commission Income USD 13Mn Card uptake: from 55% to 66% Dormancy: from 25% to 15% 70,000 TNR Market share Customers 10.9% NFR Ratio: from 31% to 33% 13% 12% 33% 8% Retail Portfol
Slide 16: Appendix
APPENDIX I&M Rwanda - H1 2022 Earnings Presentation
Slide 17: I&M Rwanda's Journey
I&M Rwanda’ JOURNEY 2003: The Government of Rwanda increased the share capital to Frw 7.6 Bn and BCR became 86.8% owned by the Government I&M Bank Rwanda is listed on the Rwanda Stock of Rwanda. Exchange (RSE) 2004: Actis acquired 80% share in BCR after a recapitalization. 1963 2012 2018 2003-4 2017
Slide 18: The I&M Group PLC | Our organization structure
The I&M Group PLC | I&M Group PLC Our organization structure I&M Realty Ltd I&M Burbidge I&M Capital Ltd Investment & Mortgages Bank One Ltd BCR Investment I&M Bank Ltd Giro Ltd 100% Capital Ltd Nominees Ltd 50% Co. Ltd 100% 100% 100% 100% 65% 100% I&M Bank (Uganda) Ltd 90% I&M Bank (T) Ltd I&M Bank
Slide 19: Thank you
Thank you I&M Bank (Rwanda) PLC KN 03 Ave, 9 P.O. BOX 354 Kigali, Rwanda E: invest@imbank.co.rw T: + 250 788 16 2040 Classification: Public