Allied Bank Limited · PSX:ABL
Allied Bank — Q1 2024 Earnings Presentation
24 slides from Allied Bank's earnings presentation, Mar 31, 2024
Slide 1: Financial Presentation March 2024
Financial Presentation March 2024
Slide 2: Contents
Contents 10 Deposits ABL at Glance 3-4 & Economic Highlights Digital Foot Prints & 11-12 Major Highlights Network Outreach 5-7 Balance Sheet Income Statement K13 Key Ratios 08 Investments Stock Market 14 Information Advances 09 & Asset Quality 15-20 Ratings / Annexure
Slide 3: ABL at Glance
BL at Glance ATMs : 1572 Subsidiary On Site : 1320 ABL Asset Management Off Site : 247 Co. Ltd. MBU : 5 Holding 100% Rep Office : 2 Entity Credit UAE - Dubai Rating Long Term: AAA CHINA - Beijing Short Term: A1+ Corporate Overseas Governance Rating Branches : 2 Bahrain WBU CGR 9+ Export Processing Z
Slide 4: Economic Highlights
Economic Highlights Workers Remmittances- US$ Million 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Mar-23 Apr-23 May-2 3 Jun-23 Jul-23 Aug-23 Sep-23 Oct-2 3 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 2022-23 2021-22 Export & Import- US$ Million TD Trade Deficit & Current Account CAD 6,000 - 800 5,000 600 (500)
Slide 5: Highlights Financial Position (Assets)
Highlights Financial Position (Assets) (Rs. in Billion) 2,500 32% 1% 100 Net Advances -10% 7% Net Investments 2,000 0 Rs.703 1,500 54 15 -78 17 -100 Rs.1,166 -200 2,329 2,337 1,000 Net Advances -300 reached at Rs. 703 500 -400 billion as on Mar 31, Net Investments 2024; decreased by - -500 reached a
Slide 6: Highlights Financial Position (Liabilities)
Highlights Financial Position (Liabilities) (Rs. in Billion) Deposits Total Equity -11% 1% 14% Rs.1,699 Rs.209 22 12 CASA Mar’24 Stood -41 at: 86% Total Equity stood at 2,135 2,128 Rs. 209 billion; Deposits aggregated increased by 8% to reach at Rs. 1,699 (Dec 2023: Rs. 194 billion; increased by bil
Slide 7: Highlights Income Statement
Highlights Income Statement Net Interest (Rs. in Million) Income Profit before Tax 42% Rs.29,147 Rs.22,266 107% 15% -7% Net Interest Income 87% (NII) stood at Profit before Tax 8,634 -508 1,757 2,473 Rs. 29,147 11,364 reached at 7,589 million during the Rs. 22,266 million; increased by 66% -5,066 qu
Slide 8: Investments
Investments (Rs. in Million) Investments Mar'24 Dec'23 Var. Growth Pakistan Investment Bonds 1,052,427 1,009,785 42,642 4% Market Treasury Bills 15,817 63,108 (47,291) -75% Listed and Unlisted Shares 12,794 13,331 (537) -4.0% TFCs, Bonds, Sukuks and Mutual Funds 81,170 80,681 489 1% Subsidiary 1,500
Slide 9: Advances & Asset Quality
Advances & Asset Quality NPLs (Rs. in Billion) Rs.12.8 Gross Advances • NPLs at Rs.12.8 billion (0.5%↓) Rs. 794 • NPL Ratio 1.79% (0.14%↑); Industry Dec’23: 7.6% Gross advances • Specific NPL stood at Rs.719 Coverage 95.6% billion (10%↓) (1.0%↑) & (Industry Overall NPL advances;3%↓) Coverage at 118.
Slide 10: Deposits
Deposits (Rs. in Billion) Particulars Mar' 24 Dec' 23 Var (%) Market Share: 6% Current 694 706 -2% Saving 766 717 7% Industry Growth: 2% Term 240 253 -5% Total Deposits 1,699 1,677 1% ABL CASA Mix: 86% 1,677 1,699 1,522 1,413 1,217 1,459 985 1,049 1,423 883 1,189 1,201 735 805 1,062 608 611 515 809
Slide 11: Digital Channels Digital Foot Prints
Digital Channels myABL Registered WhatsApp Users Users 1.1 Million 1.8 Million Cards In Digital Circulation Digital Touchpoints Foot 3.0 Million 23 Prints Social Media Followers Digital Vs Counter Facebook 1.9 million Transaction Instagram 0.04 million Digital: 18% LinkedIn 0.3 million Counter: 82%
Slide 12: Branches and Network Outreach
Islamic Sub Conventional Branches Branches Branches Branches 1357 128 05 1485 Shariah Compliant Conventional Sub Branches Total Branches Branches Branches Global Digital Presence Total ATMs Offsite ATMs Branches 02 1572 1320 Representative Office 14 Digital Total Automated Onsite Automated 02 Branch
Slide 13: Key Ratios
Key Ratios ROA ROE 2.50% 1.95% 35.00% 29.40% 29.30% 1.78% 30.00% 2.00% 1.50% 1.17% 25.00% 18.75% 18.41% 1.00% 0.96% 0.99% 16.24% 16.46% 20.00% 1.00% 15.00% 0.50% 10.00% 0.00% 5.00% 2019 2020 2021 2022 2023 Mar-24 0.00% ROA 2019 2020 2021 2022 2023 Mar-24 ROE CAR 27.50% Gross ADR 30.00% 25.20% 26.21%
Slide 14: Stock Market Data
Stock Market Data Allied Bank Limited (ABL) Stock Price vs Market - Pakistan Stock Exchange Code: ABL Trend 80.0% Bloomberg Code: ABL PA 70.0% 60.0% 50.0% Shares Outstanding (mln): 1,145.07 40.0% 30.0% 20.0% Market Capitalization (Rs. bln): 98.465 10.0% 0.0% Mar- 23 Ap r- 23 May- 23 Jun -23 Jul-23 A
Slide 15: Corporate Governance & Ratings
Corporate Governance & Ratings Entity CGR Deposits Rating PACRA VIS Credit Rating Moody’s Company • AAA (Long Term) • CGR-9++ (Corporate Governance • Caa3/NP • A1+ (Short Term) Rating) • Outlook Stable, in line with • A very low expectation of • Very high level of corporate Stable outlook on the cre
Slide 16: Annexures
Annexures 01 Annexure A Statement of Financial Position - Standalone 02 Annexure B Statement of Financial Position - Consolidated 03 Annexure C Income Statement - Standalone 04 Annexure D Income Statement - Consolidated 16/24
Slide 17: Statement of Financial Position : Standalone
Statement of Financial Position : Standalone Rs. in Million US$ in Million ASSETS Growth Mar'24 Dec'23 Variance Mar'24 Dec'23 Variance Cash and Balances with Banks 177,360 158,592 18,768 638 571 68 12% Lending to FIs 44,591 9,418 35,173 160 34 127 373% Investments - net 1,165,710 1,150,318 15,392 4,
Slide 18: Statement of Financial Position : Consolidated
Statement of Financial Position : Consolidated Rs. in Million US$ in Million ASSETS Growth Mar'24 Dec'23 Variance Mar'24 Dec'23 Variance Cash and Balances with Banks 177,362 158,580 18,782 638 571 68 12% Lending to FIs 44,591 9,418 35,173 160 34 127 373% Investments - net 1,167,759 1,154,597 13,162
Slide 19: Income Statement : Standalone
Income Statement : Standalone Rs. in Million US$ in Million Particulars Growth Mar'24 Mar'23 Variance Mar'24 Mar'23 Variance Mark-up and Interest Income 94,312 74,040 20,272 339 266 73 27% Mark-up and Interest Expensed 65,165 53,527 11,638 234 193 42 22% Net Mark-up and interest Income 29,147 20,513
Slide 20: Income Statement : Consolidated
Income Statement : Consolidated Rs. in Million US$ in Million Particulars Growth Mar'24 Mar'23 Variance Mar'24 Mar'23 Variance Mark-up and Interest Income 94,327 73,971 20,356 339 266 73 28% Mark-up and Interest Expensed 65,177 53,534 11,643 234 193 42 22% Net Mark-up and interest Income 29,150 20,4
Slide 21: Disclaimer
Disclaimer The information being presented herein is solely for your information. Except for the historical information, statements that describe the Bank’s objectives, plans or goals discussed in Investor Conference Call are forward looking statements. These forward looking statements involve a num
Slide 22: Contact Us
Contact Us Sikander Ali Khan Contact No. Unit Head Strategic +92-42-35880043 Planning, Finance Ext: 32637 e-mail. Investor.Relations@abl.com 22/24
Slide 23: Contact Us
Contact Us Sikander Ali Khan Unit Head Strategic Planning, Finance +92-42-35880043 Investor.Relations@abl.com Ext: 32637
Slide 24: Thank You