Alrayan Bank · QSE:MARK
Alrayan Bank — Masraf Al Rayan — Q1 2022 Earnings Presentation
24 slides from Alrayan Bank's earnings presentation, Nov 15, 2022
Slide 1: Investor Presentation Financial Results
Investor Presentation Financial Results for the quarter ended 31 March 2022
Slide 2: Content
Content Introduction to Masraf Al Rayan Post merger integration update Financial Highlights and Performance Operating Segments Financial Statements 2
Slide 3: Introduction to Masraf Al Rayan
Introduction to Masraf Al Rayan
Slide 4: Corporate Profile
Introduction to Masraf Al Rayan Corporate Profile Overview Network • Islamic bank incorporated in Qatar on January 4 2006 and licensed by the Qatar Central Bank 17 3 branches Profile • Classified as a DSIB (Domestic Systemically Important Bank) branches • Legal merger completed on December 1, 2021 w
Slide 5: Ownership structure
Introduction to Masraf Al Rayan Ownership structure Shareholding Structure Credit Rating • +51% - shares owned by Government, Government-related entities (GREs) and Long-term and short-term foreign currency and local currency issuer Qatari Institutional investors; ratings: A1/Prime-1 Baseline credit
Slide 6: Board Composition
Introduction to Masraf Al Rayan Board Composition The principal role of the Board is to oversee the implementation of the Bank's strategy initiatives and its functions within the agreed framework in accordance with relevant statutory and regulatory requirements Chairman of the Board Board Members HE
Slide 7: Post merger integration update
Post merger integration update
Slide 8: Post merger integration update: Key highlights
Post merger integration update Key highlights Legal Merger completed on December 1, 2021. Operational Integration targeted for completion within 2022; Operational Integration – key updates: • Board and Senior Management Structure in place; • Unified Head Office at Masraf Al Rayan tower in Lusail
Slide 9: Integration costs and synergies
Post merger integration update Integration costs and synergies Integration costs • QAR 185 m – estimated as 1.25 x fully phased in synergy target of QAR 150 m; • QAR 56.4 m – incurred so far (2021: 16.5 m; 2022: 40 m), comprising of: 23% - Technology driven costs 29% - Consultancy and professional f
Slide 10: Financial Highlights and Performance
Financial Highlights and Performance
Slide 11: Q1 results (actuals & pro forma)
Financial Highlights and Performance Q1 results (actuals & pro forma) • Q1 and Q4, 2021 comparative amounts are “Pro forma” to enable a like for like comparison with Q1, 2022 actual results; • Pro forma financial information consists of the unaudited condensed consolidated income statement of MAR Gr
Slide 12: Q1 2022 - Summary
Financial Highlights and Performance Q1 2022 - Summary Balance Sheet Income statement* Financial Ratios • Total assets reached QAR 170,805 • Net profit totalled QAR 506 million for • Annualized return on average assets million compared to QAR 174,034 the period ended 31 March 2022 of 1.17%; million
Slide 13: Income Statement (actuals & pro forma)
Financial Highlights and Performance Income Statement (actuals & pro forma) Quarterly trend Change Income statement* (QAR million) Q1 2022 Q4 2021 Q1 2021 QoQ YoY • Net profit attributable to the Equity holders of the bank totalled QAR 506 million for the Q1 Operating income 1,557 1,634 1,817 -5% -1
Slide 14: Balance Sheet (actuals)
Financial Highlights and Performance Balance Sheet (actuals) As at Change Balance Sheet (QAR billion ) Q1 2022 Q4 2021 % • Financing Assets QAR 122 b: of which 48% exposure to Govt. & Total Assets 171 174 -2% GRE’s; Financing assets 122 121 1% • Investment securities QAR 32 b: of which 88% exposure
Slide 15: Funding & Liquidity
Financial Highlights and Performance Funding & Liquidity Funding Mix – QAR m Deposit Mix – QAR m 120,000 149,368 106,957 145,614 101,124 5,850 7,240 5,551 100,000 13,315 9,193 7,507 12,417 9,186 23,247 26,522 80,000 60,000 90,524 40,000 84,431 106,957 101,124 20,000 - Q4 2021 Q1 2022 Q4 2021 Q1 2022
Slide 16: Capital Adequacy
Financial Highlights and Performance Capital Adequacy Equity Breakup Capitalisation % 24,666 25,190 1,200 1,199 2,082 2,588 12,103 12,084 9,300 9,300 Q4 2021 Q1 2022 Share capital Reserves Retained Earnings Non-controlling interests and AT1 Risk Weighted Assets Key Highlights • Strong capitalization
Slide 17: Operating Segments
— \F QGuit| pan MASRAF AL RAYAN Operating Segments
Slide 18: Operating Segments
Operating Segments For the purpose of financial reporting, the Bank provides breakdown by five segments that are managed separately based on the Bank's management and internal reporting structure Corporate Banking Retail Banking International Operations Core driver of the Bank’s business. Divers
Slide 19: Operating Segments
Operating Segments For the purpose of financial reporting, the Bank provides breakdown by five segments that are managed separately based on the Bank's management and internal reporting structure Treasury and Financial Institutions Asset Management and Financial Advisory Represents contribution fr
Slide 20: Financial Statements
— \F QGuit| pan MASRAF AL RAYAN Financial Statements
Slide 21: Published Balance Sheet
Financial Statements Published Balance Sheet QAR mn Q1 2022 Q4 2021 Variance% Cash and Balances with central banks 5,571 5,221 7% Due from Banks 4,606 9,156 -50% Financing Assets 122,192 120,807 1% Investment Securities 31,887 32,775 -3% Investment in Associates 355 349 2% Fixed assets 754 715 6% In
Slide 22: Published Income statement
Financial Statements Published Income statement QAR mn Q1'22 Q1'21 Q1'22 vs Q1'21 Net income from financing activities 1,100 941 17% Net income from investing activities 297 219 35% Total Net Income from Financing and Investing Activities 1,396 1,160 20% Fee and commission income 94 71 31% Fee and c
Slide 23: Pro forma Income statement
Financial Statements Pro forma Income statement QAR mn Q1'22 Q4'21 Q1'21 Q1'22 vs Q4'21 Q1'22 vs Q1'21 Net income from financing activities 1,100 1,139 1,334 -3% -18% Net income from investing activities 297 370 330 -20% -10% Total Net Income from Financing and Investing Activities 1,396 1,509 1,664
Slide 24: Thank You
THANK YOU 24