Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — FY2018 Earnings Presentation
37 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, 2019
Slide 1: Investor Relations Presentation Year End-2018
INVESTOR RELATIONS PRESENTATION Year End-2018
Slide 2: Table of Contents
TABLE OF CONTENTS Overview …… 3 About CIB …… 12 Financial Review …… 27 Conclusion …… 37
Slide 3: Disclaimer
Overview | About CIB | Financial Review | Conclusion Disclaimer By attending the meeting where this presentation is made or distributed, or by reading the presentation slides, you agree with the following limitations: • The information in this presentation may contain future projections and forward‐
Slide 4: Egypt's Fact Sheet
Overview | About CIB | Financial Review | Conclusion Egypt’s Fact Sheet Country Profile Diversified Economy¹ Name Arab Republic of Egypt Capital Cairo Currency Egyptian Pound (EGP) Total area c.1,002,000 sqm.km Inhibited area 7.88% of total area Governorates 27 Favorable Demographics Population 98.1
Slide 5: Macro-Environment - Real Sector
Overview | About CIB | Financial Review | Conclusion Macro-Environment- Real Sector Real GDP Growth* (%) Inflation (%) Reform-led boom Core Inflation (%) Headline Inflation (%) 8.0% 7.2% 80% 7.1% Global Financial Crisis 35.3% 34.9% 33.3% 7.0% 70% 32.0% 30.5% 6.0% 60% 25.5% 5.1% 5.2% 5.0% 4.7% 50% 19
Slide 6: External Sector (BOP)
Overview | About CIB | Financial Review | Conclusion External Sector (BOP) Tourism& Remittance proceeds Foreign Direct Investment (FDI)* 26,393 21,816 30,000 19,330 12,000 18,668 18,519 17,077 25,000 20,000 9,804 7,933 9,752 7,370 7,720 15,000 8,000 6,933 6,758 6,380 5,073 4,380 3,768 10,000 5,000 3
Slide 7: Fiscal Sector & Debt
Overview | About CIB | Financial Review | Conclusion Fiscal Sector & Debt Fiscal Budget Gross Domestic Debt/GDP ( % ) - Fiscal Year 100.00% 96.70% 2,500,000 14.00% 95.00% 91.10% 13.00% 90.00% 86.60% 12.50% 85.30% 12.20% 12.00% 82.10% 83.30% 85.00% 11.50% 10.90% 2,000,000 80.00% 75.00% 10.00% 9.80% 7
Slide 8: Economic Outlook & Credit Rating
Overview | About CIB | Financial Review | Conclusion Economic outlook & Credit Rating Projected Economic Indicators Q1/19 Q2/19 Q3/19 Q4/19 2020 GDP Growth Rate 5.6 5.6 5.1 5.7 5.8 percent Unemployment Rate 9.1 8.5 7.9 8.0 7.5 percent Inflation Rate 13 12.5 12.3 12.0 9.5 percent Government Debt to G
Slide 9: Egypt's Banking Sector
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector Total loans (EGP bn) Total deposits (EGP bn) LDR (%) 1,671 3,678 49% 49% 1,418 46% 46% 46% 3,042 44% 41% 41% 937 2,123 714 1,740 584 1,434 503 545 1,191 471 965 1,027 10/11 11/12 12/13 13/14 14/15 15/16 16/17 Oct-18 10/11 11
Slide 10: Egypt's Banking Sector (Cont'd)
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector (Cont’d) Total # of branches Total # of ATMs Total # of POS 17/18 4,155 11,754 17/18 72,503 17/18 16/17 4,009 10,701 16/17 68,630 16/17 15/16 3,882 9,031 15/16 64,349 15/16 14/15 3,766 7,855 14/15 55,876 14/15 13/14 3,710 6,
Slide 11: Why Egypt?
Overview | About CIB | Financial Review | Conclusion Why Egypt? Economic Environment Attracts Investments Among the most diverse in the MENA region Approved IMF Loan signaling a tremendous confidence boost in Egypt's ability to release its New Suez Canal economic potential in a sustainable way New C
Slide 12: CIB at a Glance
Overview | About CIB | Financial Review | Conclusion CIB at a Glance RW led Strategic subsidiaries consortium divested Actis Sold 2.6% Chase National IPO raising US$ 115mn; 150% established to complement our half its holdings in open market Bank established oversubscribed core business in to Actis i
Slide 13: CIB's Key Milestones
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones First joint venture Following Chase Egypt’s largest First Egyptian First private • First Egyptian • First bank in bank in Egypt; Manhattan local bank IPO, bank to have a sector bank with bank to register Egypt to Chase Nationa
Slide 14: CIB's Key Milestones (Cont'd)
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones (Cont’d) • Only Egyptian • First Egyptian • First Egyptian bank to sign • Launched its mobile banking bank recognized bank to establish a agreement with MCDR to application, with various banking as ‘Best Bank in Sustainable is
Slide 15: CIB's Associates & Subsidiaries
Overview | About CIB | Financial Review | Conclusion CIB’s Associates & Subsidiaries Ownership 32.5% Ownership 23.5% Profile: Offers a full suite of security services; Profile: an “Agent Bank” financial services; Registration Private Premises Cash-in- Loans and Retail Cash and security protection Tr
Slide 16: Lines of Business
Overview | About CIB | Financial Review | Conclusion Lines of Business Profile Institutional Banking Consumer Banking • Market leader • The take-off for a world class consumer Profile • Prime contributor to profitability banking franchise • Large and medium-size corporates (MNCs, institutions and ba
Slide 17: Business Banking
Overview | About CIB | Financial Review | Conclusion Business Banking Serves SMEs and non-borrowing Corporates through a comprehensive Covers all sectors and industries through over 100 highly trained range of financial solutions. Relationship Managers across Egypt. 2010 2011 2013 2015 2016 2017 201
Slide 18: Our Stock in a Nutshell
Overview | About CIB | Financial Review | Conclusion Our Stock in a Nutshell STOCK EXCHANGES TICKER Share Information 52 Weeks Performance Listed Egyptian Stock Exchange (EGX) COMI Shares outstanding 1,166,833,600 High EGP 96.50 Listed London Stock Exchange (LSE) CBKD Par value EGP 10.00 Low EGP 67.
Slide 19: Shareholding Structure
Overview | About CIB | Financial Review | Conclusion Shareholding Structure Free Float by Region North America (57.71%) Africa (13.05%) GCC (9.92%) UK & Ireland (7.76%) Continental Europe (6.78%) Rest of the World (4.78%) Free Float by Category Institutions (92.41%) Free Float (93.4%) Fairfax (6.6%)
Slide 20: Our Presence in Egypt
Overview | About CIB | Financial Review | Conclusion Our Presence in Egypt CIB’s footprint Digital Banking Initiatives Distribution Network Digital Banking Highest Activity Rate amongst 16 other wallets in the Egyptian market reaching 18% CIB recognized as Financial Inclusion Champion 203 Total
Slide 21: Corporate Governance
Overview | About CIB | Financial Review | Conclusion Corporate Governance Commitment to Sound Corporate Governance Practices Continues to Define CIB This commitment is supported by several mandates: The Board’s main responsibilities include: Internal policies, risk controls, and manuals have been pu
Slide 22: Board of Directors
Overview | About CIB | Financial Review | Conclusion Board of Directors CIB’s Board consists of 9 members; The Board and its committees are governed by well-defined charters that sets out its responsibilities and composition requirements 7 are non-executive and 5 are independent* The Board is suppor
Slide 23: Our Strategy
Overview | About CIB | Financial Review | Conclusion Our Strategy Today Tomorrow Financial Quality loan growth, • Positioned as trade finance hub for Egypt & Africa Deposit growth, with focus on Transactional banking • Focus on SMEs & underpenetrated retail banking segment Performance increasing pro
Slide 24: Business Continuity & Resilience Management
Overview | About CIB | Financial Review | Conclusion Business Continuity & Resilience Management Initiatives Pioneer in implementing international standards and best practices; established in 2010; ahead of all major players in the market CIB continues to invest in further improving its business con
Slide 25: Cyber & Information Security
Overview | About CIB | Financial Review | Conclusion Cyber & Information Security Initiatives Security is a major area of focus for CIB; established in 2010; ahead of all major players in the market Strong Security Governance & policies aligned with International Standards and Best Practices. CIB co
Slide 26: Awards and Recognition
Overview | About CIB | Financial Review | Conclusion Awards and Recognition 2018 Best Bank Best Regional Bank - Best Sub custodian Best Bank in Egypt - Transformation in the Northern Africa - By Bank in Egypt - by By Euromoney Middle East - By African Banker Global Finance Euromoney Best Treasury &
Slide 27: Performance Snapshot: FY 2018
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: FY 2018 Key Indicators FY2018 Comparison Commentary REVENUES EGP 20,379 mn EGP 14,890 mn; FY17 37% YoY Profitability NPAT EGP 9,582mn EGP 7,516 mn; FY17 27% YoY ROAE 33.1% 32.5%; FY17 2% YoY ROAA 3.03% 2.69%; FY17 13% Yoy Eff
Slide 28: Performance Snapshot: Profitability
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Profitability Net Profit After Tax Fees & Commission Break-down Interest Income Break-down 28,671 37,404 12,000 3,403 40,000 2,794 1% 27% 9,582 3,200 35,000 10,000 25% 1,966 30,000 19,144 27% 7,516 2,700 1,886 1% 50% 8,000 53
Slide 29: Performance Snapshot: Balance Sheet
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Balance sheet Split of Assets by type Loan portfolio by industry Q4’2018 Q4'18 6% 14% 12% 1% 31% 33% 3% 342,461 2% 19% Q3'18 10% 14% 15% 1% 32% 24% 4% 327,283 FI 33% Manufacturing Q2'18 8% 16% 11% 2% 34% 25% 3% 312,179 Real e
Slide 30: Performance Snapshot: Asset Quality
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Asset Quality FY14 FY15 FY16 FY17 FY18 *NPL Ratio 4.66% 3.98% 6.70% 6.95% 4.06% *Coverage 138% 188% 149% 154% 269% NPLs by segment** (EGP mn) Q4'18 97% 3% 4,855 Corporate Q3'18 96% 4% 5,458 Retail Q2'18 97% 3% 5,391 Total Q1'
Slide 31: Performance Snapshot: Funding Overview
Overview | About CIB | Financial Review | Conclusion Performance Snapshot :Funding Overview Funding Structure Due to Customers (92.56%) Other Liabilities (3.88%) Other Term Loans (1.21%) Due to Banks (2.36%) Customer Deposit Mix Demand (32.4%) CDs (28.41%) Savings (22.02%) TDs (15.27%) Other (1.91%)
Slide 32: Performance Snapshot: Funding & Capital
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Funding & Capital Loans to Deposit Ratio Capitalization 40 25.00% 35 43.90% 45.00% 19.10% 42.30% 41.90% 19.10% 20.00% 40.00% 40.50% 40.80% 30 18.03% 17.87% 17.93% 35.00% 30.4 30.00% 28.5 34.2 25 27.8 25.00% 28.4 15.00% 20.00%
Slide 33: 10-Year Performance Summary
Overview | About CIB | Financial Review | Conclusion 10-Year Performance Summary 2.89% 2.92% 2.93% 2.94% 2.95% 3.03% 2.71% 2.69% 2.51% 57.5% 37.3% 55.5% 53.2% 2.03% 50.2% 35.3% 36.8% 342,461 43.2% 40.0% 36.6% 106.38 294,782 85,506 267,544 75,425 88.4 64,255 85.4 71.5 179,500 56.8 63.4 48.8 54.6 143,
Slide 34: Position Among Peers
Overview | About CIB | Financial Review | Conclusion Position Among Peers Total Assets (EGP bn) Net Income (EGP mn) Gross Loans/Deposits CAE 53 CAE 1,675 CIB 41.9% Alex 92 Alex 2,411 HSBC 46.8% HSBC 95 HSBC 3,662 CAE 48.7% AAIB 213 AAIB 3,778 Alex 50.4% QNBA 243 QNBA 5,163 AAIB 51.5% CIB 327 CIB 7,0
Slide 35: Market Share
Overview | About CIB | Financial Review | Conclusion Market Share 8.52% 8.54% 8.57% 8.45% 8.43% 8.45% 8.37% 8.40% 8.36% 8.32% 8.35% 8.12% 8.25% 8.28% 8.27% 8.09% 8.06% 7.99% 7.80% 8.18% 8.22% 8.18% 7.53% 7.65% 7.70% 7.68% 7.95% 7.35% 7.66% 7.91% 7.84% 7.48% 7.75% 7.90% 7.67% 7.65% 7.51% 7.56% 7.37%
Slide 36: Why CIB?
Overview | About CIB | Financial Review | Conclusion Why CIB? Profitability Total revenues EGP NPAT EGP 9,582mn 20,379mn Asset Quality Extremely skilled Highly qualified Among the best and experienced Board of Directors Investor Relations NPL/Gross loans 4.06%* Direct Coverage Ratio Management Team
Slide 37: Thank You!
Overview | About CIB | Financial Review | Conclusion Thank You! For more information, please visit our website; www.cibeg.com To read about the projects that the CIB Foundation has helped support, and to know ways in which you can donate, please visit www.cibfoundationegypt.org Investor Relations co
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