Faysal Bank Limited · PSX:FABL
Faysal Bank — FY2024 Earnings Presentation
36 slides from Faysal Bank's earnings presentation, Apr 14, 2025
Slide 1: Corporate Briefing Session
Corporate Briefing Session Financial results Year ended December 31, 2024
Slide 2: Schedule of the Event
Corporate Briefing Session – April 14, 2025 Schedule of the Event I. Tilawat e Quran II. Opening Remarks by Mr. Yousuf Hussain – President & CEO 5 Mins III. Overview by Syed Majid Ali – CFO 25 Mins IV. Q & A Session 20 Mins 2
Slide 3: Second Largest Islamic Banking in the Country
Second Largest Islamic Banking in the Country Long term AA Ownership Short Term A1+ Ithmaar Holdings B.S.C (66.78%) AM2++ Dar Al-Maal Al-Islami Trust – ultimate parent Subsidiary 855 848 Branches ATMs Faysal Asset Management Limited Holding 99.99% Shariah Complaint International Shariah AUMs Rs 246
Slide 4: Our Journey
Our Journey Journey of FBL highlighting the key events from 1994 to 2024 • Amalgamation of Increased RBS Pakistan with shareholding in Merger of Al- • 2nd Largest and into FBL Faysal Asset Faysal Investment Islamic Bank Bank Limited with • Branch network Management • Rs. 1 Trillion FBL reached 226,
Slide 5: Vision, Mission & Core Values
Vision, Mission & Core Values FBL’s Core values To be the best customer centric Islamic bank, driven by passion and Integrity Integrity Care Care belief. Teamwork Teamwork Mission Achieve leadership in providing Shariah Faithand Faith and compliant financial services with Innovation Innovation Belie
Slide 6: Corporate Strategic Goals
Corporate Strategic Goals
Slide 7: Corporate Strategic Goals
Corporate Strategic Goals Positioning Strategic Actions Strategic Targets Amounts Rs in Mn ➢ Grow low-cost CASA Strategic 2020 Targets 2021 2022 2023 2024 deposits by focusing on ➢ CASA Ratio: Improve Branches 576 606 700 722 855 Strong Retail mass-affluent customer Deposits 540,636 644,089 781,571
Slide 8: Corporate Strategic Goals
Corporate Strategic Goals Positioning Strategic Actions ➢ Offer innovative, Shariah compliant solutions for Retail, Corporate and Commercial banking ➢ Develop the best-in-class human resource capital To be the Leading Islamic Bank ➢ Re-align service standards & improve service levels ➢ Improve top-l
Slide 9: Major Business Developments
Major Business Developments
Slide 10: Major Business Developments: Business Performance
Major Business Developments Business Performance ➢ Added 133 branches to reach 855 branches with increase in deposits in Dec’24. ➢ This year Faysal Bank also launched Business Debit Card (catering to business 1 Retail Banking & segments) and Debit Card for FCY accounts (catering to Freelancers and I
Slide 11: Major Business Developments: Business Performance
Major Business Developments Business Performance ➢ A strong shift in customer transaction behavior towards digital modes persuaded the Digital Banking Group to continue innovating to ensure that the customers have a seamless banking experience, on digital channels. ➢ WhatsApp Banking has seen sizeab
Slide 12: Awards & Recognitions
Awards & Recognitions
Slide 13: Awards & Recognitions
Awards & Recognitions HR Pinnacle Award Best Digital Best Innovation in Choice Gender PICG ESG Bank by ICAP HR Diversity Awards Stewardship Award Best Islamic Retail GDEIB Awards Best Islamic Digital Bank for Consumer EFP Banker in Pakistan Financing Pakistan Remittance Pakistan Award Best Digital R
Slide 14: Key Financial Highlights
Key Financial Highlights
Slide 15: Key Financial Highlights
Key Financial Highlights Comfortable Unprecedented Decent Continued Growing Strong Advances to CASA Growth in focus on Profitability Balance Deposits growth Financing cost Sheet ratio efficiency PBT crossed Total Assets CASA growth Net Financing ADR CIR Rs 50 Bn+ Rs 1.5 Tn+ Rs 129 Bn+ +9.2% 60%+ 51%
Slide 16: Financial Highlights - Profit Before Tax
Financial Highlights - Profit Before Tax Profit Before Tax – Rs in billions Pre-conversion CAGR: 18% Post-conversion CAGR: 50% 2024: 60.0 22% 50.4 50.0 41.4 40.0 30.0 22.4 20.0 13.4 10.2 10.8 10.0 6.9 6.7 7.3 8.2 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 16
Slide 17: Financial Highlights - Profit After Tax
Financial Highlights - Profit After Tax Profit After Tax – Rs in billions Pre-conversion CAGR: 15% Post-conversion CAGR: 43% 2024: 25.0 23.0 15% 20.0 20.0 15.0 11.2 10.0 8.2 6.5 6.0 4.3 4.5 4.8 5.0 4.2 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 17
Slide 18: Financial Highlights – Balance Sheet: Total Assets
Financial Highlights – Balance Sheet Total Assets Pre-conversion CAGR: 14% Post-conversion CAGR: 21% Rs in Billion 2024: 1,565 14% 1,600 1,400 1,370 1,200 1,074 1,000 870 800 710 600 630 600 495 452 430 400 200 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 18
Slide 19: Financial Highlights – Balance Sheet: Investments
Financial Highlights – Balance Sheet Investments Pre-conversion CAGR: 13% Post-conversion CAGR: 20% Rs in Billion 2024: 15% 700 677 590 600 500 469 400 357 300 277 214 204 196 180 200 170 100 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 19
Slide 20: Financial Highlights – Balance Sheet: Financing
Financial Highlights – Balance Sheet Financing Pre-conversion CAGR: 14% Post-conversion CAGR: 18% Rs in Billion 2024: 700 9% 634 581 600 500 454 396 400 310 318 296 300 232 205 181 200 100 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20
Slide 21: Financial Highlights – Balance Sheet: Total Deposits
Financial Highlights – Balance Sheet Total Deposits Pre-conversion CAGR: 15% Post-conversion CAGR: 16% Rs in Billion 2024: 1,200 3% 1,044 1,018 1,000 800 782 644 600 541 458 409 372 400 340 292 200 - * 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 * Deposit growth restricted in Dec’24 due to ADR
Slide 22: Key Financial Ratios
Key Financial Ratios
Slide 23: Profitability Ratios – Improving on all key metrics
Profitability Ratios – Improving on all key metrics Cost to Income ratio – Increased to 51% Earning Per Share – Consistent growth in profitability 15.2 13.2 58.9% 60.8% 56.2% 49.1% 51.1% 7.4 5.4 4.3 FY'20 FY'21 FY'22 FY'23 FY'24 FY'20 FY'21 FY'22 FY'23 FY'24 Stable return on assets Strong return on
Slide 24: Balance Sheet Ratios – Improving on all key metrics
Balance Sheet Ratios – Improving on all key metrics Advances to Deposits Ratio - Among the highest Strong Capital Position Total Deposits Net Advances ADR Net Eligible Capital CAR % 58.9% 61.5% 60.70% 18.7% 1,150 58.1% 57.03% 150 17.5% 17.5% 21.0% 60.0% 16.5% 130 15.5% 950 1,018 1,044 50.0% 16.0% 11
Slide 25: Investor Metrics
Investor Metrics Share Price Price Earning Ratio 55.00 5.00 48.48 4.28 50.00 4.50 45.00 4.00 3.49 40.00 3.50 3.20 35.00 32.58 3.00 2.47 30.00 25.83 2.50 23.00 25.00 2.00 20.00 1.50 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 Price to Book Ratio Market Capitalization – Rs in Bn 0.80 85.00 0.68 0.
Slide 26: Islamic Financing & Deposits
Islamic Financing & Deposits
Slide 27: Islamic Financing
Islamic Financing Gross Financing – Rs in Billions ADR - Gross 58.9% 64.7% 60.6% 59.0% 64.6% 1,150 650 60.0% 950 1,018 1,044 50.0% 550 750 40.0% 782 450 30.0% 675 550 644 675 601 601 350 541 20.0% 474 350 474 417 417 10.0% 250 340 318 150 0.0% 150 Dec'20 Dec'21 Dec'22 Dec'23 Dec'24 Dec'20 Dec'21 Dec
Slide 28: Deposits
Deposits The growth momentum increased post conversion Consistent growth in deposit base 1,200 Current Savings Term 1,044 1,018 1,000 1,000 14%, 151 782 25%, 254 800 800 644 20%, 156 600 541 46%, 485 600 25%, 158 1,018 43%, 438 1,044 28%, 153 45%, 348 400 782 400 644 43%, 275 541 41%, 222 200 409 45
Slide 29: ESG
ESG
Slide 30: UN Sustainability Development Goals
UN Sustainability Development Goals Environment – Our Impact on the Environment FBL is contributing towards following UN Sustainable FBL has been at the forefront in financing the renewable energy sector Development Goals (UN SDG). PSX has set a target of 6 Life cycle replacement plan to replace tra
Slide 31: Thank You
Thank You
Slide 32: Important Information
Important Information This presentation is prepared for information purposes only, is not and does not form part of any offer for sale or solicitation of any offer to subscribe for or purchase or sell any securities nor shall it or any part of it form the basis of or be relied on in connection with
Slide 33: Annexures
Annexures
Slide 34: Balance Sheet
Balance Sheet Amounts Rs in million Description Actual YoY Variance Dec'24 Dec'23 Amount % Cash and Bank balances 108,077 85,849 22,228 25.9% Investments 677,372 589,545 87,827 14.9% Financing 633,910 580,711 53,199 9.2% Other assets 145,924 113,969 31,955 28.0% Total assets 1,565,283 1,370,074 195,
Slide 35: Profit and Loss
Profit and Loss Amounts Rs in million Actual YoY Variance Description Dec'24 Dec'23 Amount % Profit / return earned 225,052 189,448 35,604 18.8% Profit / return expensed (144,669) (118,395) (26,274) -22.2% Net profit / return earned 80,383 71,053 9,330 13.1% Total Non-Funded Income 17,362 12,102 5,2
Slide 36: Thank You
Thank You