Firstrand Limited · JSE:FSR
Firstrand — Debt Investor Presentation (March 2025)
22 slides from Firstrand's debt investor presentation, March 2025
Slide 1: Women-Owned-Business Bond Investor Presentation
WOMEN-OWNED-BUSINESS BOND INVESTOR PRESENTATION March 2025
Slide 2: Meet the team
Meet the team 2 • Sam Moss Head: FirstRand Investor Relations • Cameron Gough Head: Structuring, FirstRand Group Treasury • Melanie Kleinhans Head: Debt Office, FirstRand Group Treasury • Briguette Basson Structurer, FirstRand Group Treasury • Delia Patterson RMB Debt Capital Markets (Distribution)
Slide 3: Agenda
Agenda 3 • Overview of the group’s shared prosperity approach • FRB’s inaugural women-owned-business bond issuance • Term sheet
Slide 4: Overview of the group's shared prosperity approach
OVERVIEW OF THE GROUP’S SHARED PROSPERITY APPROACH
Slide 5: FirstRand's response to societal challenges
FirstRand’s response to societal challenges 5 • Utilising core business resources and activities to intentionally achieve positive, scalable and high-impact societal outcomes whilst delivering superior financial returns • Ensuring accountability through remuneration practices with integration into e
Slide 6: Nexus of business activities and development needs of SA
Nexus of business activities and development needs of SA 6 Group activities contributing positively towards financial inclusion Home Transformational Student ownership agriculture financing MSMEs and Infrastructure Public women-owned development services businesses
Slide 7: Societal objectives enabled through financial resource allocation
Societal objectives enabled through financial resource allocation 7 Partnering with Differentiated pricing Bond issuances developmental finance Structures and platforms for positive impact institutions (DFIs) • Disciplined capital • FRM policy embedded • Robust partnerships • Established a holdco al
Slide 8: Role of women-owned business in a developing economy
Role of women-owned business in a developing economy 8 • Women make up half of South Africa’s population but lead only one-third of its businesses • In sub-Saharan Africa, approximately 25% of businesses are owned by women, according to the African Development Bank • Women-owned businesses are cruci
Slide 9: Group's commitment to promoting gender equity
Group’s commitment to promoting gender equity 9 WOMEN IN LEADERSHIP FINANCIAL INCLUSION SUSTAINABLE FINANCE ● Women in highest leadership • Prioritising women through a • Arranged performance-linked positions at FirstRand strategy to create market access, bond for Development Bank of (group CEO, RMB
Slide 10: FRB's inaugural women-owned-business bond issuance
FRB’S INAUGURAL WOMEN-OWNED-BUSINESS BOND ISSUANCE
Slide 11: Alignment to FirstRand's sustainable finance framework
Alignment to FirstRand’s sustainable finance framework 11 Women in the economy is a social use of proceeds Women in the economy aligns to the category investment category in FirstRand’s sustainable finance of socio-economic advancement and framework, given the strategic importance of capital empower
Slide 12: FRB's inaugural women-owned business bond
FRB’s inaugural women-owned business bond 12 Bond proceeds will be fully allocated to eligible loan/asset portfolio Existing loans are those which have reached Max 50% of the total bond issuance will be financial close, up to 12 months prior to the allocated to existing women-owned business issuance
Slide 13: Use of proceeds – indicative portfolio
Use of proceeds – indicative portfolio 13 FNB commercial’s women-owned business portfolio (per IFC and sustainable finance framework definition) R billion Dec 2024 June 2024 June 2023 June 2022 FNB commercial book 135.2 129.8 116.4 107.8 WesBank ABF book 40.1 39.0 33.0 26.4 Total commercial book 175
Slide 14: Monitoring and reporting
Monitoring and reporting 14 • FRB will publish an annual allocation and impact report on FirstRand’s website: • https://www.firstrand.co.za/investors/debt-investor-centre/sustainable-finance/ • Supported by a limited assurance report on the allocation provided by external auditors on an annual basis
Slide 15: Building track record in terms of asset allocation for thematic bonds
Building track record in terms of asset allocation for thematic bonds 15 • FRB has aligned its historical and future bond issuances with evolving systemic societal needs • As a disciplined originator of assets and allocator of capital, FRB aims to responsibly allocate its outstanding thematic bond i
Slide 16: Term sheet and timelines
TERM SHEET AND TIMELINES
Slide 17: Indicative term sheet
Indicative term sheet 17 Issuer FirstRand Bank Limited National scale credit rating Aaa.Za (Moody’s), zaAA (S&P Global) Nominal target R2.5 billion, with the ability to increase to R3 billion, subject to volume and bid spreads Note tenors 3, 5 and 7 years Instrument type Floating Pricing reference r
Slide 18: Indicative timeline
Indicative timeline 18 • Investor roadshow (virtual meetings): 12 – 13 March 2025 • Term sheet circulated: 20 March 2025 • Price guidance: To be provided in emailed term sheet on 20 March 2025 • Target issuance size: R2.5 billion with the ability to increase to R3.0 billion • Auction date: Thursday,
Slide 19: Annexures
ANNEXURES
Slide 20: Relevant links
Relevant links 20 • Sustainable finance page on group website: https://www.firstrand.co.za/investors/debt-investor-centre/sustainable-finance/ • FirstRand sustainable finance framework: https://www.firstrand.co.za/media/investors/policies-and-practice/pdf/firstrand-sustainable-finance- framework.pdf
Slide 21: FirstRand's sustainable finance framework
FirstRand’s sustainable finance framework 21 • FRB utilises FirstRand’s sustainable finance framework (published in November 2024) for all sustainable thematic bond issuances (e.g. green, social and/or sustainability) • Aligned to international best practice • International Capital Market Associatio
Slide 22: FirstRand's role in society
FirstRand’s role in society 22 • South Africa remains one of the most unequal countries in the world as it faces challenges with economic growth, unemployment and poverty • As a systemic integrated financial services group, FirstRand can support inclusive economic activity and positive societal outc