Absa Group Limited · JSE:ABG
Absa — Investor Presentation (December 2024)
8 slides from Absa's investor presentation, Dec 5, 2024
Slide 1: Absa Group Pre-close update
Absa Group Pre-close update 5 December 2024
Slide 2: Charles Russon, Interim Group Chief Executive
Charles Russon Interim Group Chief Executive
Slide 3: Key messages
Key messages • We are in a recovery phase (short- to medium-term) • We are focused on precise execution to regain market confidence • We are making four execution changes to drive improved performance o From focus on market share growth to sustainable growth delivering the right returns o From a pro
Slide 4: Key messages (continued)
Key messages (continued) • Performance differs across the group o We continue to see momentum in CIB o We will combine Product Solutions Cluster and Everyday Banking into Retail SA to accelerate customer focus o Relationship Banking is starting to deliver on the improvement plan o ARO RBB has mainta
Slide 5: Deon Raju, Group Financial Director
Deon Raju Group Financial Director
Slide 6: 2024 outlook
2024 outlook Mid-single digit revenue growth with broadly similar growth in net interest income and Revenue non-interest revenue. Balance sheet Mid- to high single digit customer loan and customer deposit growth. Credit loss ratio expected to improve to midway between 2023’s 118bps and the Credit im
Slide 7: Pathway to our 2026 target
Pathway to our 2026 target 2024 2025 to 2026 2026 Normalising credit impairments Productivity programme to finance RoE investment RoE 14% - 15% 16% Non-interest income growth Faster growth in Africa regions 7
Slide 8: Disclaimer
Disclaimer Certain statements (words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘believes’, ‘intends’, ‘plans’, ‘may’, ‘will’ and ‘should’ and similar expressions in this document are forward looking. These relate to, among other things, the plans, objectives, goals, strategies, futu