Access Holdings Plc · NSENG:ACCESSCORP

Access — FY2024 Earnings Presentation

58 slides from Access's earnings presentation, 2025

Slide 1: Access Holdings Plc Full Year 2024 Investor and Analyst Presentation
Access Holdings Plc Full Year 2024 Investor and Analyst Presentation Access ©Access Holdings Holdings 2025 2024
Slide 2: Outline
Outline Who we are Global, Macroeconomic and Regulatory Review Corporate Strategy Update Financial and Operating Performance Access Banking Group Asset Quality, Liquidity & Capital Management Non-Banking Segments FY 2025 Guidance ©Access Holdings 2025
Slide 4: Who We Are
Who We Are We are a leading African financial services group, creating value through consistent, high-impact “We aim to be the world’s most solutions that fuel enterprise and strengthen respected African financial services economic stability. Grounded in operational group, driving positive impact ac
Slide 5: Our Corporate Philosophy
Our Corporate Philosophy ACCESS HOLDINGS (PREVIOUS) ACCESS HOLDINGS (CURRENT) ACCESS BANK Vision Vision Vision To create a globally connected community and To be the world’s most respected African financial To be the world’s most respected African bank. ecosystem, inspired by Africa, for the world.
Slide 6: Two Decades of Making Giant Strides in Africa
Two Decades of Making Giant Strides in Africa • Transition to a financial holding company – • Acquired Capital Bank and Marina Bank Access Holdings Plc • First Nigerian bank to receive US$15mn • Formation of Access Pensions convertible investment from the IFC • Entered into an agreement with Standar
Slide 7: Our Business Structure: Creating a Diversified Platform for Inclusive Financial Solutions
Our Business Structure I Creating a Diversified Platform Our Business Portfolio for Inclusive Financial Solutions Access Holdings Plc Investment Technology Banking Business Strategic Priorities Management Business • Leveraging digital platforms to deliver financial services and enhance livelihood so
Slide 8: Our Ecosystem Play: Creating a Globally Connected Ecosystem
Our Ecosystem Play I Creating a Globally Connected Ecosystem for Borderless Dominance Access ARM Pensions • Pensions Access Bank Plc 1 2 • Retirement Savings Account • Benefit Management • Loans • Financial Planning • Deposits • Wealth Management • Intermediary Services Bran che • Card Services rm s
Slide 9: Resilient Performance | Unlocking Long-Term Gains through Purpose-Driven Investments
Resilient Performance | Unlocking Long-Term Gains through Purpose-Driven Investments Growing customer footprint Growing users on our digital channels Listings +313% y/y + ₦150 mn in Digital +197% y/y (Primary equity listing) Transaction Value Loan Disbursals AUM Processed (Oxygen) (Pensions) A+ +60m
Slide 10: Sustainability is at the Heart of Our Business
Sustainability is at the Heart of Our Business Advocacy and Governance Corporate Social Investment Sustainable Reached Impacted 815 Development Finance 56.5% 21,279,526 communities lives 112.6% Invested 346,681 Attracted US$437.42mn Corporate Head-Office Supported 96 employee volunteering inflows fr
Slide 11: Global, Macro economic and Regulatory Review
Global, Macro economic and Regulatory Review ©Access Holdings 2025
Slide 12: Global Macroeconomic Outlook
Global Macroeconomic Outlook ❑ Global trade tensions are impacting growth recoveries, with the IMF projecting a modest growth of 3.3% in 2025, below the pre-pandemic average. Real GDP Growth Rate (%) 9.1 ❑ US growth softened, with GDP at 2.3% in Q4 2024 (down from 3.1%) and inflation easing to 2.8%
Slide 13: Our Markets – West Africa
Our Markets – West Africa Growth Outlook (%) – West Africa Inflation Rate (%) - Western Africa 6.0 60.00 5.5 5.0 50.00 4.5 40.00 4.0 30.00 3.5 20.00 3.0 2.5 10.00 2.0 0.00 Ghana Nigeria Gambia Guinea Sierra Leone Cameroon Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 D
Slide 14: Our Markets – Southern Africa
Our Markets- Southern Africa Growth Outlook (%) – Southern Africa Inflation Rate (%) - Southern Africa 7.0 35.00 6.0 30.00 5.0 25.00 20.00 4.0 15.00 3.0 10.00 5.00 2.0 0.00 1.0 0.0 South Africa Botswana Zambia Angola Mozambique Namibia Growth - 2024 (%) Growth - 2025f (%) Botswana South Africa Zambi
Slide 15: Our Markets – Eastern Africa
Our Markets – Eastern Africa Growth Outlook (%) – Eastern Africa Inflation Rate (%) - Eastern Africa 50.00 7.0 6.5 40.00 6.0 30.00 5.5 20.00 5.0 4.5 10.00 4.0 0.00 Kenya Rwanda DRC Tanzania Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Growth - 2024 (%) Growth -
Slide 16: Domestic Macroeconomic Review
Domestic Macroeconomic Review Oil Price & Production Inflation Rate (%) ▪ Oil Production: Nigeria’s oil production 105 1.6 declined to 1.47 mbpd in February 2025 1.5 (Q4 2024: 1.48 mbpd), reflecting the impact 100 1.4 of infrastructure maintenance. 95 1.3 Production 90 Price ▪ Oil Price: Crude oil p
Slide 17: 2024 Regulatory Review
2024 Regulatory Review Our Response  CRR and LDR Reforms: Discontinued daily CRR debits; revised CRR framework and reduced Loan-to-Deposit Ratio from 65% to 50%.  FX Market Overhaul: Mandated FX reporting via CBN Blotter; the CBN The Group has adhered to all announced the introduction of the Elect
Slide 19: Expansion Strategy: Investment to Consolidation
Expansion Strategy: Investment to Consolidation Investment Phase Consolidation Phase Optimization Phase 2023 - 2024 2025-2026 2026 - 2027 • Investment in banking subsidiaires in strategic Following our growth into various markets with During this phase, our priority will be to streamline markets as
Slide 20: Delivering on Our Expansion Objectives
Delivering on Our Expansion Objectives 4 3 Strategic Outposts 2 Capital & Liquidity Access UK to secure Eurozone 1 Efficiency banking relationships, facilitate Fortress correspondent banking, and Strategic Capital Allocation: Risk & Compliance manage African outbound flows into Talent & Culture Capi
Slide 21: Access Bank's footprint across major markets in Africa and global financial centres
Access Bank’s footprint across major markets in Africa and global financial centres, creating the platform for market dominance and exceptional United service and product offerings Kingdom S&P: AA/A-1+ Moody’s: Aa3 Nigeria Fitch: AA Morocco France Existing markets Egypt Countries of Interest Malta L
Slide 22: Dominating in Intra-Africa Trade
Dominating in Intra-Africa Trade Markets of interests Direct subsidiaries Rep. offices Trade flows between Africa and Access international locations, USD Billion Our Africa strategy is 86 supported by our presence in United key international markets Kingdom 16 which enable us to: Paris 0.4 10  Focu
Slide 23: Financial and Operating Performance
Financial and Operating Performance Access ©Access Holdings Holdings 20242025
Slide 24: Gaining Market Dominance
Gaining Market Dominance SUBSIDIARIES 2023 2024 ▪ Nigeria’s Number One Retail Bank: Leading in reach, innovation, and customer experience Nigeria with unmatched retail penetration across the country. Zambia1 6th 5th ▪ Nigeria’s Largest Asset Base: Underscoring financial strength, resilience, and the
Slide 25: Our Strong Track Records for 2024
Our Strong Track Records for 2024 BANKING PENSIONS INSURECO HYDROGEN ₦ 4.8trn N3.3trn AUM ₦7.3bn ₦ 49.1trn +162% y/y +88% y/y +231% y/y +313% y/y No 2 in PFA AUM Gross Earnings in Nigeria Gross Written -Nigeria's Best No1 in FY’24 Premium Transaction Value Bank 2024 Processed across all our -Best Ba
Slide 26: Delivering strong and consistent performance across key metrics
Delivering strong and consistent performance across key metrics ₦’million FY 2024 FY 2023 Gross Earnings 4,878,176 2,594,739 Net Interest Income 1,268.027 695,360 Non-Interest Income Sustainable 1,397,701 940,391 Operating Expenses (1,453,497) (697,531) revenue across Profit Before Tax 867,019 729,0
Slide 27: Building a Fortress Balance Sheet
Building a Fortress Balance Sheet Total Assets (N‘bn) Shareholders' Funds (N‘bn) Total Liabilities 37,737 41,498 3,760 24,500 26,685 2,185 13,767 14,998 1,231 FY '22 FY '23 FY '24 FY '22 FY '23 FY '24 FY'22 FY'23 FY'24 Loans and Advances (N‘bn) 13,067 Customer Deposits (N‘bn) Total Savings (N‘bn) 4,
Slide 28: Income statement: Resilient performance across key metric
Income statement: Resilient performance across key metric Gross Revenue (N‘bn) Profit after Tax (N‘bn) Net Interest Margin 6.8% 4,878 642.7 5.4% 619.3 4.0% 2,594 1,387 152.2 FY '22 FY '23 FY '24 FY '22 FY '23 FY '24 FY '22 FY '23 FY '24 Cost to Income Ratio Return on Average Equity Yield on Assets 3
Slide 29: Top African Bank based on Total Asset
Top 10 African Bank based on Total Asset Returns on Assets and Equity ROAA ROAE 36.2% 41,498 21.6% 21.7% 26,685 14,998 3.0% 1.9% 1.1% FY'22 FY'23 FY'24 FY'22 FY'23 FY'24 2022 2023 2024 41,498.0 Access Holdings Plc closed FY’ 2024 with Total Asset base 26,685.0 of ₦41.5 trillion, a 55.5% growth from
Slide 30: Diversified revenue supported by a robust and expanding core operation
Diversified revenue supported by a robust and expanding core operation Revenue Mix Interest Income Non Interest Income 3,480.48 4,878.0 1,654.35 1,390.39 467.7 * 827.27 940.39 514.1 560.13 415.8 2,594.7 34.0 2022 2023 2024 1,387.9 277.9 Non-Interest Income Mix 628.9 27.5 3,480.4 Fee and Commission I
Slide 31: Optimizing cost to enhance Financial Metrics
Optimizing cost to enhance Financial Metrics Cost of Funds (CoF) Cost of Risk Cost to Income Ratio • Maintain our disciplined approach to risk • Building strong relationships with suppliers and • Continue the CASA (current account and savings management negotiating better terms account) liability st
Slide 32: Steady progress in improving NIM and Yield on Asset
Steady progress in improving NIM and Yield on Asset Net Interest Income 1,268.0 Interest Income (N bn) 3,408.5 1,654 695.3 827.2 359.4 FY'22 FY'23 FY'24 Interest Expense (N bn) FY'22 FY'23 FY'24 2,212.4 NIM Trend 958.9 Key NIM & Cost of Fund Drivers 467.8 Improvement in NIM amid elevated Cost of Fun
Slide 33: Climbing Costs: Inflation and FX Pressures Push Up Cost-to-Income Ratio
Climbing Costs: Inflation and FX Pressures Push Up Cost-to-Income Ratio Operating Expenses (₦’bn), CIR OPEX growth reflects strategic investments in technology, expansion 1,453.4 cost and macroeconomic pressures The Group’s Cost-to-Income Ratio (CIR) increased to 56.7% in FY’24, from 44.6% in FY’23,
Slide 34: Access Holdings Continues to Deliver Sustainable Returns to Shareholders
Access Holdings Continues to Deliver Sustainable Returns to Shareholders Dividend Growth Rate Dividend Yield(%) 40.60% 35.00% 20.50% Dividend Yield (%) 2022-10-21 2023-08-11 2024-05-31 1 year 3 year 5 year Indicating the sustainability of our dividend yields across the years. Delivering consistent a
Slide 35: Sustained Wealth Creation in FY 2024
Sustained Wealth Creation in FY 2024 3,759.90 72% YTD growth in equity Driven by strategic consolidation, 336.90 642.00 FX translation gains and strong 492.60 profitability 2,185.60 102.80 FY 2023 Other OCI FX Translation Profit Share Premium FY 2024 ▪ Over N1.5tn capital appreciation to shareholder
Slide 36: Access Banking Group: Asset Quality, Liquidity & Capital Management
Access Banking Group: Asset Quality, Liquidity & Capital Management Access ©Access Holdings Holdings 20242025
Slide 37: Enhancing growth through a resilient, diversified, and high-performing loan portfolio
Enhancing growth through a resilient, diversified, and high-performing loan portfolio Loans & Advances (₦’bn) 13,067 Gross Loan Distribution by Sector Sector Dec’24 Dec’23 1,579 General Commerce 12.5% 14.0% 8,918 0% Finance and Insurance 14.7% 11.6% General 11.1% 9.3% 3% 11% 1% 13% Oil & Gas - Upstr
Slide 38: Sustained improvements to asset quality and NPL
Sustained improvements to asset quality and NPL NPL Ratio within Sector NPL Share by Sector 6.93% General Commerce 35.96% Oil and Gas- Downstream 29.78% 6.94% 6.67% General 8.89% Manufacturing-Others 9.60% 18.00% General Commerce 6.54% Manufacturing - Others 14.25% 7.13% 16.57% 5.23% Real Estate Act
Slide 39: Liquidity Management Strengthened by Robust Customer Deposits
Liquidity Management Strengthened by Robust Customer Deposits y/y Customer Deposits Mix (₦’bn) 22,524 growth Funding sources (%) The Group’s funding source for liquidity is focused on customer deposits as a stable funding source which contributes 54.6% of the Interest bearing borrowings, Other liabl
Slide 40: Regulatory ratios
Regulatory ratios Risk Weighted Assets (RWA) Capital Adequacy Computation 15,601 Underlying in ₦’m Dec’ 24 Dec’23 %∆ Tier I Capital 2,373,656 1,475,344 60.89% Tier II Capital 817,833 518,923 57.60% 9,457 Total Regulatory 3,191,490 1,994,267 60.03% Capital 6,292 Risk-Weighted 15,601,258 9,457,963 64.
Slide 42: Strategic Play: Driven by Our Exceptional People, Strategic Partnerships, and Scalable Platforms
Strategic Play: Driven by Our Exceptional People, Strategic Partnerships, and Scalable Platforms TALENT • First in-class People across our various networks show our commitment not just to our performance but our people creating a synergy that bolsters our performance Talent 1 • Attracting and develo
Slide 43: Strong Performance Across the Banking Group
Strong Performance Across the Banking Group Deposit Fig in N’ millions Total Asset Total Loans Revenue Fees OPEX PBT (Customer) Nigeria 27,681,604 7,478,566 14,236,082 3,270,491 191,910 836,888 488,894 Rest of Africa 7,895,726 2,249.454 5,888,016 1,159,942 141,942 482,457 201,393 International 9,483
Slide 44: Strong Performance Across the Banking Segments
Strong Performance Across the Banking Segments Deposit Fig in N’ millions Total Asset Total Loans Revenue PBT (Customer) CIBD 11,459,724 7,478,566 9,829,499 1,897,788 426,584 CBD 8,064,438 5,227,854 7,125,843 1,252,232 251,524 Retail 14,419,376 809,983 5,569,581 1,660,885 215,626 TOTAL 40,844,183 13
Slide 46: Empowering Clients to Achieve Financial Security and Securing Futures with Solid Returns
Empowering Clients to Achieve Financial Security and Securing Futures with Solid Returns TALENT • Synergies from the Access –ARM merger resulted in an improved AUM of N3.3 trn as of FY ‘ 2024, up 196.4% from FY’23 position: Talent 1 N1.1trn • Over 3m RSA accounts post Access-ARM-merger s Bran che PA
Slide 47: Access ARM Pensions: Delivering Long Term Value Through Strategic Partnerships
Access ARM Pensions I Delivering Long Term Value Through Strategic Partnerships The merger of Access and ARM Pensions created a formidable Top player with ≈NGN3.3 trillion in AUM. Financial Performance (FY24) ₦28.2bn ₦3.3tn ₦15.2bn 2.1m No of Customers Gross Earnings AUM Profit Before Tax +132.0% y/
Slide 48: Helping Clients Navigate Emerging Risks Through Personalized Insurance Solutions
Helping Clients Navigate Emerging Risks Through Personalized Insurance Solutions….. TALENT Talent 1 • Pool of highly talented employees who develop creative, customized solutions for corporate clients, helping them keep ahead of risk by Identifying & recruiting specialist talent, Bran • Employee Ben
Slide 49: Access Insurance Brokers: Resilient Performance Driving Sustainable Growth
Access Insurance Brokers I Resilient Performance Driving Sustainable Growth Financial & Non – Financial performance Access Insurance Brokers has achieved a significant growth in year 2024. GROSS WRITTEN PREMIUM N7.3 Billion 231% YoY Growth (N 2.2 GWP VALUE OF CLAIM SETTLED NO OF CLAIMS SETTLED Billi
Slide 50: Simplified Payments and Technology Access for Businesses, Governments and Individuals
Simplified Payments and Technology Access for Businesses, Governments and Individuals TALENT • Tailored the group innovation program to the Hydrogen ecosystem (ideas coalition, top of mind awareness, reward program & incubation) Leveraging our Highly skilled talent Talent 1 • • Strong Leadership Tea
Slide 51: Hydrogen: Resilient Performance Fueling Long-Term, Scalable Growth
Hydrogen I Resilient Performance Fueling Long-Term, Scalable Growth Financial & Non-Financial performance Hydrogen has defined a clear strategy to deliver accelerated growth and strong results over the medium-term. Transaction Value Processed across all our Market Share Market Share platforms 99.9%
Slide 52: Hydrogen: Financial performance highlights
Hydrogen I Resilient Performance Fueling Long-Term, Scalable Growth Financial performance highlights ©Access Holdings 2024 Access Holdings 2025
Slide 53: Technology-Driven Lending Tailored To Evolving Consumer Needs
Technology-Driven Lending Tailored To Evolving Consumer Needs TALENT • Highly skilled and talented Workforce tasked with serving the Talent 1 customer better through Innovative solutions and digital technology Bran s che rm s PARTNERSHIPS tfo Pla l Ta • leveraging digital platforms, ecosystems, and
Slide 54: Oxygen X 2024 Performance - A Confident Start, A Scalable Future
Oxygen X 2024 Performance- A Confident Start, A Scalable Future Financial and non-financial performance Revenue numbers driven by Credit Lifecycle Management Product; Cash loan products launched in Q4 2024 Revenue PBT Total Assets Total Liabilities Total Equity ₦5.5bn ₦4.1bn ₦805mn ₦7.5bn ₦2bn EBITD
Slide 56: Access Holdings: FY'25 Guidance
Access Holdings: FY’ 25 Guidance Key Takeaways 2025 Targets Return on Average Equity >25% Return on Average Equity >25% (Adjusted)* PROFITABILITY Return on Average Assets >2.0% Yield on Assets >15% Cost of Risk <2% ASSET QUALITY NPL Ratio <5% Cost-to-Income Ratio 50-55% EFFICIENCY Net Interest Margi
Slide 57: Acquisition to Acceleration: Creating Sustainable Growth
Acquisition to Acceleration: Creating Sustainable Growth MONETIZING SCALE STRATEGIC SYNERGY DRIVEN EXPANDED SHAREHOLDERS CONSOLIDATION VALUE CREATION FOOTPRINT RETURN • Unified Operating • Digital lending and • Non-interest income Model deployed across new payments solutions rolled contribution on t

Access Holdings — FY2024 Earnings Presentation on 6ix

Access — FY2024 Earnings Presentation

Slide 1: Access Holdings Plc Full Year 2024 Investor and Analyst Presentation

Slide 2: Outline

Slide 3: Who We Are

Slide 4: Who We Are

Slide 5: Our Corporate Philosophy

Slide 6: Two Decades of Making Giant Strides in Africa

Slide 7: Our Business Structure: Creating a Diversified Platform for Inclusive Financial Solutions

Slide 8: Our Ecosystem Play: Creating a Globally Connected Ecosystem

Slide 9: Resilient Performance | Unlocking Long-Term Gains through Purpose-Driven Investments

Slide 10: Sustainability is at the Heart of Our Business

Slide 11: Global, Macro economic and Regulatory Review

Slide 12: Global Macroeconomic Outlook

Slide 13: Our Markets – West Africa

Slide 14: Our Markets – Southern Africa

Slide 15: Our Markets – Eastern Africa

Slide 16: Domestic Macroeconomic Review

Slide 17: 2024 Regulatory Review

Slide 18: Corporate Strategy Update

Slide 19: Expansion Strategy: Investment to Consolidation

Slide 20: Delivering on Our Expansion Objectives

Slide 21: Access Bank's footprint across major markets in Africa and global financial centres

Slide 22: Dominating in Intra-Africa Trade

Slide 23: Financial and Operating Performance

Slide 24: Gaining Market Dominance

Slide 25: Our Strong Track Records for 2024

Slide 26: Delivering strong and consistent performance across key metrics

Slide 27: Building a Fortress Balance Sheet

Slide 28: Income statement: Resilient performance across key metric

Slide 29: Top African Bank based on Total Asset

Slide 30: Diversified revenue supported by a robust and expanding core operation

Slide 31: Optimizing cost to enhance Financial Metrics

Slide 32: Steady progress in improving NIM and Yield on Asset

Slide 33: Climbing Costs: Inflation and FX Pressures Push Up Cost-to-Income Ratio

Slide 34: Access Holdings Continues to Deliver Sustainable Returns to Shareholders

Slide 35: Sustained Wealth Creation in FY 2024

Slide 36: Access Banking Group: Asset Quality, Liquidity & Capital Management

Slide 37: Enhancing growth through a resilient, diversified, and high-performing loan portfolio

Slide 38: Sustained improvements to asset quality and NPL

Slide 39: Liquidity Management Strengthened by Robust Customer Deposits

Slide 40: Regulatory ratios

Slide 41: Banking Subsidiaries

Slide 42: Strategic Play: Driven by Our Exceptional People, Strategic Partnerships, and Scalable Platforms

Slide 43: Strong Performance Across the Banking Group

Slide 44: Strong Performance Across the Banking Segments

Slide 45: Non-Banking Segments

Slide 46: Empowering Clients to Achieve Financial Security and Securing Futures with Solid Returns

Slide 47: Access ARM Pensions: Delivering Long Term Value Through Strategic Partnerships

Slide 48: Helping Clients Navigate Emerging Risks Through Personalized Insurance Solutions

Slide 49: Access Insurance Brokers: Resilient Performance Driving Sustainable Growth

Slide 50: Simplified Payments and Technology Access for Businesses, Governments and Individuals

Slide 51: Hydrogen: Resilient Performance Fueling Long-Term, Scalable Growth

Slide 52: Hydrogen: Financial performance highlights

Slide 53: Technology-Driven Lending Tailored To Evolving Consumer Needs

Slide 54: Oxygen X 2024 Performance - A Confident Start, A Scalable Future

Slide 55: 2025 Guidance

Slide 56: Access Holdings: FY'25 Guidance

Slide 57: Acquisition to Acceleration: Creating Sustainable Growth

Slide 58: Q&A