Pt Bank Qnb Indonesia Tbk · IDX:BKSW
Pt Bank Qnb Indonesia Tbk — QNB — Investor Presentation (December 2024)
59 slides from Pt Bank Qnb Indonesia Tbk's investor presentation, December 2024
Slide 1: Investor Relations Presentation December 2024
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Slide 2: Contents
1. QNB ata Glance 2. QNB Comparative Positioning - Qatar and MEA Conte nts 3. Financial Highlights 4. Sustainability 5. Economic Overview Notes: SZ OS QN B All figures in US Dollars have been converted from Qatari Riyals based on the exchange rate of 1 US Dollar = 3.6405 Qatari Riyals In certain cas
Slide 3: QNB at a Glance
Slide 4: QNB is a strong and highly rated bank with international footprint
QNB is a strong and highly rated bank with international footprint CS #1 bank in the Middle East and Africa across all balance sheet metrics € ~) International network with presence \ / in more than 28 countries Most valuable bankir Gang) Middle East and Afri 8.4 Bn! Ze rst Bey About 31,000 employee
Slide 5: QNB's International Footprint
QNB’s International Footprint Middle East Sub-Saharan Africa Gatar:(48 Branches) [ $j KSA: (2 Branches) FES south sudan: ct Branch) =| re ESS 090: (650 Branches’ across atic through UAE:(6 + 1' Branches, 40% stake in CB) EIS 20.1% stake in Ecobank) Syria: (7 + 24' Branches, 50.8% stake in QNB Syria
Slide 6: QNB Comparative Positioning - Qatar and MEA
¥¢ QNB QNB Comparative Positioning - Qatar and MEA
Slide 7: Top Listed Domestic Banks - December 2024
Top 5 Listed Domestic Banks - December 2024 QNB continues to excel in the domestic market 356.5 250.2 ; a ‘ %QNB : Pieces : 4.59 1.27 | _ — _ —_ |_| X%QNB Qe L) bord %QNB Qe See Y Note: All amounts are in USD billions ”"S Source: Banks December 2024 Press Release or Financial Statements, if availabl
Slide 8: Top Listed MEA Banks - December 2024
Top 5 Listed MEA Banks - December 2024 QNB maintains its ose as the leading bank in the region across all balance sheet categories 356.5 330.3 250.2 294.5 2713 259.9 184.9 1745 i Z 7 J 5 3% QNB Sve) (= ee *QNB BEG Ne FAB( [Cems noo 243.7 213.0 181.5 L C | ; ANB FAB Sj i Ty } ES SNS OSS FABY) = 3K QN
Slide 9: QNB is the leading financial institution in the MEA region with regards to brand value
QNB is the leading financial institution in the MEA region with regards to brand value Brand Value (USD Bn) Top MEA banking brands Key highlights -QNB retains the most valuable Banking Brand in Middle East 8.40 and Africa region %* QNB +2024 Brand Value for Group increased to USD 8.4 billion geabl d
Slide 10: Financial Highlights
Slide 11: QNB Group demonstrate sustainable growth
QNB Group demonstrate sustainable growth Financial Highlights (as at 31 December 2024) ) Growth vs. December 2023 Profit’ Assets Funding Equity + Net interest margin (NIM)? 2.65% ne * Cost to income ratio: 22.3% . +8% USD4.59 billion #) + Earnings per share: USD 0.46 * RoAA: 1.33% * USD356.5 billion
Slide 12: QNB Egypt
QNB Egypt? Financial Highlights (as at 31 December 2024) G), Growth vs December 2028 + Net interest margin (NIM)*: 6.22% Profit? + USD519.6 million F) +9% + Cost to income ratio: 21.0% (EGP23.5 billion) (+61%) *ROAA: 2.8% In EGP terms 3.2% + USD16.2 billion assets F) -21% Asset (EGP822.8 billion) (4
Slide 13: QNB Turkiye
QNB Turkiye? Financial Highlights (as at 31 December 2024) ) Growth vs. December 2023 + Net interest margin (NIM)*: 7.20% Profit? USD95.7 million © -74% + Cost to income ratio: 35.3% (TRY3.4 billion) (-69%) * ROAA: 0.2% In TRY terms 0.3% + USD44_7 billion assets +28% (TRY1,581.6 billion) (+63%) * NP
Slide 14: Enpara Digital Bank (pro-forma standalone financials)
Enpara Digital Bank (pro-forma standalone financials) Financial Highlights (as at 31 December 2024) ) Growth vs. December 2023 + USD348.3 million F) +24% + Net interest margin (NIM): 10.1% ( TRYJ2.3 billion) (+48%) + Cost to income ratio: 19.9% 25%* of QNB Turkiye + NPL (% of gross loans): 5.1% + US
Slide 15: Strong domestic franchise with widespread geographical footprint
Strong domestic franchise with widespread geographical footprint contri utes to diversification and growth Geographical Contribution (as at 31 December 2024) HDomestic international (9% ») Share of International as percentage of the total Net Profit’ USD billion USD billion 250.2 USD billion 243.7 2
Slide 16: Consistent Profitability and Cost Discipline
Consistent Profitability and Cost Discipline Income Statement Breakdown (USD billion as at 31 December 2024) t Profit’ Operating Income” Net Interest Income (2%) Net Interest Margin? (%_) Return on Average Equity 2%) Cost to Income Ratio 2023 + Best-in-class efficiency 2020 2021 2022 2023 2024 2020
Slide 17: Asset growth driven by lending activities mainly in USD and QAR
Asset growth driven by lending activities mainly in USD and QAR Assets Analysis (as at 31 December) Total Assets Evolution 2024 Split of Assets (%) USD billion 2020 2021 2022 2023 2024 By Type By Currency Cash and Balances 65 QAR a 22 with Central Banks | . i | uso | IN 40.0 Due from Banks Ve Hl | T
Slide 18: Stable loan momentum
Stable loan momentum Loan Analysis (as at 31 December) Total Loans Evoluti 2024 Split of Loans (%) USD billion <— b502 2020 2021 2022 2023 2024 By Geography By Sector’ Qatar I 78.5 owt. scout. — 1 35.3 Agencies Turkey Hos | i Services/ Europe Jes Industry | a @cc |rs Real Estate & | 8.38 I Contracti
Slide 19: High quality lending portfolio is underpinned by low NPL ratios
High quality lending portfolio is underpinned by low NPL ratios Asset Quality Analysis USD billion > Total NPL’s SME NPL. Ratio’ Coverage Ratio’ = 7239) * QNB has continued to increase its + The bank’s coverage ratio has + Past dues are NPL after 90 days + There is an additional risk reserve provisi
Slide 20: High quality investment portfolio with 66% of securities rated AA or Sovereign
High quality investment portfolio with G6% of securities rated AA or Sovereign Investments Analysis (USD million as at December 2024) Fair Value Thro’ her Comprehensive Income rtised Cost USD billion State of Qatar Sovereign Debt Other Sovereign Debt Other Debt Securities Funds & Equities Wi Quoted
Slide 21: Robust growth in customer deposits and funding
Robust growth in customer deposits and funding Funding Analysis (as at 31 December) USD billion pana 235.4 243.7 215.8 202.9 2020 2021 2022 2023 2024 Govt. & Govt. Agencies Corporates Individuals Total Be Time Deposits Saving Accounts Current and | Call Accounts Total [29 | ie Qatar Gcc Europe Turke
Slide 22: Solid liquidity profile
Solid liquidity profile Liquidity Analysis (as at 31 December) Loans to Deposits’ Ratio Evolution 98.0 97.2 89.8 94.7 96.8 2020 2021 2022 2023 2024 Liquid Assets” Evolution USD billion C% _) Share of Total Assets 95.5 74.2 (26%) Sources of Liquidity % of total liabilities Due to Banks Customer Depos
Slide 23: Strong capital adequacy ratio maintained above QCB and Basel III reform requirements
Strong capital adequacy ratio maintained above both QCB and Basel Ill reform requirements Capital Analysis (as at 31 December) Basel Ill Capital Adequacy Ratio including Reform Requirements % 19.2 ua 417.0 (@cB) 14-6 - — 414.0(@cB) | . CET1 Tier1 Total CAR + Capital adequacy ratio is above QCB and B
Slide 24: Diversifying business mix bolsters sustainable growth
Diversifying business mix bolsters sustainable growth Business Mix Contribution (% share as at 31 December) Group Corporate Group Asset and Wealth Management Group Consumer Banking SK QNB © isn @) + Maintain dominant domestic market share + Grow international contribution + Nurture SME business in Q
Slide 25: IFRS - Additional buffers for earnings stability
IFRS 9 - Additional buffers for earnings stability ururetlaee © QNB implemented IFRS 9 with effect from 1 January 2018 based on the QCB guidelines. alert As per QCB instructions, ECL impact has been treated as Tier 2 Capital for CAR purposes with no amortisation of the transition impact. Coverage ra
Slide 26: QNB Group Financials
QNB Group Financials Key data (as at December 2024) C%) Contribution of QNB Egypt HIQNB excluding QNB Egypt and QNB Turkiye JJQNB incl. QNB Egypt [JQNB incl. QNB Turkiye %_| Contribution of QNB Turkiye 11.36 357 31,282 289 523 956 Operating income Profit Total Assets Loans & Customer Branches Staff
Slide 27: Sustainability
Slide 28: Sustainability entails delivering positive impact in the pillars and topics of ESG
Sustainability entails delivering positive impact in the pillars and topics of Environmental, Social and Governance (ESG) Universal sustainability topics mapped against the pillars of ESG } serie J Environmental Wa) Social ade Governance fi Climate change Human rights Board oversight Carbon emission
Slide 29: QNB engages key stakeholder groups to formulate, prioritise and report
QNB engages key stakeholder groups to formulate, prioritise and report upon the sustainability topics most material to them Define Sustainability strategy and framework to address material topics Map material topics to ESG frameworks ae (e.g., UNSDGs') Prioritise impacts based on significance and de
Slide 30: QNB has established its sustainability framework and strategy
QNB has established its sustainability framework and strategy along the pillars of ESG to actively and positively address material topics As at 31 December 2024 QNB Sustainability Framework finance SMEs, entrepreneurship, Customer experience and responsible and financial inclusion engagement Sustain
Slide 31: QNB has delivered a number of key ESG milestones
QNB has delivered and achieved a number of key ESG milestones across all areas of our sustainability framework As at 31December 2024 | Non-exna Lon exhaustivs Sustainable USD9Bn Sustainable \. ESRM, climate 37 ance @ of sustainable 8 Finance and scenarios, sustainable eee —§= financing — Product \ s
Slide 32: Sustainable finance at a glance
Sustainable finance at a glance As at 31 December 2024 Non-exhaust ive ancing Customer experience Climate scenarios, USD9SBn 87% PCAF member, Sustainable financing Digital transactions Scope 3 financed portfolio, including (online & mobile En orn environmentally friendly, as a% of total) [=] emissio
Slide 33: QNB is proactively addressing both climate risk and opportunities
QNB is proactively addressing both climate risk and opportunities in its governance, financing and engagement activities Identifying and capturing opportunities * Group governance in line with ISSB/ TCFD * ESRM: exclusions, sector guidelines, prohibited activities, risk categorisation * Climate port
Slide 34: QNB's SFPF is the first of its type in Qatar
QNB’s SFPF' is the first of its type in Qatar, market leading in region, and aligned with international principles Framework and SPO SFPF scope Sustainable Finance Green/ Social Activities Sustainability-Linked . * QNB Group Sustainable Finance and Product Framework (SFPF) + ISS Corporate Solutions
Slide 35: QNB's SFPF is aligned with international taxonomies
QNB’s SFPF is aligned with international taxonomies, eligibility criteria, and standards to enable and drive ESG and climate financing stainabilit en/ Social Activities The Green Bond Principles Renewable energy criteria | Pollution prevention and control Circular economy Q > < NB Includes Manufactu
Slide 36: QNB continues to leverage the SFPF and client engagement
QNB continues to leverage the SFPF and client engagement to further develop and grow its sustainability portfolio As at 31 December 2024 QNB Group’s total sustainable lending portfolio USD 9 Bn Sustainability-linked loans Sustainable investments! i Social loans USD 979 Nin USD 394 Mn USD 4,223 Mn %
Slide 37: QNB is recognised as a leader in sustainable financing
QNB is recognised as a leader in sustainable financing, launching a number of a. products and transactions into the market Environmental impact of QNB’s debut USD GOO Mn Green Bond issuance Green” Green Repurchase ~* Mortgages Agreements 486,072 tCO,e Lifetime avoided GHG emissions IG 7 J V aaa) 744
Slide 38: Sustainable operations at a glance
Sustainable operations at a glance As at 31 December 2024 100% Energy from renewable sources in QNB Turkiye, India, and UK 14001 & 50001 ISO certifications for Environmental and Energy! Management 48% reduction in GHG emissions? Total reductions since 2017 Deloitte & Touche Middle Female employment
Slide 39: Integrating ESG into our operations
Integrating ESG into our operations to align with international best practices and embed sustainability in our DNA Focus on our people - employee value proposition + Continued emphasis on diversity, inclusion, and nationalisation for our people and talent + Focus on learning and development, capabil
Slide 40: QNB is recognised as a regional leader in climate financing and ESG
QNB is recognised as a regional leader in climate financing and ESG initiatives through external ratings and international awards As at 31 December 2024 = a MSCI ©) 52 S&P Global (83 percentile) aE 21.9 wD SUSTAINALYTICS (Medium risk) NANCE 4, SAR Forbes = 7 ‘THE MIDDLE EAST’S SUSTAINABLE 100 eC ROT
Slide 41: Economic Overview
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Slide 42: Qatar is strategically located between Europe and Asia
Qatar is strategically located between Europe and Asia and possesses one of the largest gas reserves in the world Comments * Qatar is a peninsula located in the Persian & Gulf and is a member of the Gulf North Fielé S Cooperation Council (GCC) * Qatar’s total population is around 3 million * Qatar i
Slide 43: Qatar's hydrocarbon production generates significant wealth
Qatar’s hydrocarbon production generates significant wealth via exports and has fueled substantial current account surpluses Current account surplus Hydrocarbon production Cumulative, USD Bn 500 450 400 350 300 250 200 150 100 50 0.0 (e) 2000 2005 2010 2015 2023 2000 2005 2010 2015 2023 BS <4 QN B S
Slide 44: Qatar's vast hydrocarbon reserves make it one of the richest countries
The development of Qatar’s vast hydrocarbon reserves make it one of the richest countries in the world Hydrocarbon reserves per capita (2021*) Thousand barrels of oil equivalent (boe) Qatar Kuwait UAE Venezuela Saudi Arabia Libya Canada Iraq Iran Kazakhstan Russia 144 GDP per capita (2024) Thousand
Slide 45: Robust fiscal and external position allows for significant surpluses
Robust fiscal and external position allows for significant surpluses even at much lower oil prices GCC projected breakeven prices 2024 (USD per barrel) $ S$ 1 te gs + Brent crude oil of yt" yw price at which the | ' fiscal account f would be at ! bal: Se ee ee | | arene ar nT: Pmt gg gg % 2 ee oO +
Slide 46: Qatar benefits from solid trade relations and robust energy partnerships
Qatar benefits from solid trade relations and robust energy Qatar’s external sector partnerships China 19.3 |US 5.0 South Korea 12.3 |China 45 India 11.8 JItaly 2.0 Japan 7.8 {India 1.8 Singapore 7.1 |Germany 1.8 UAE 42 |UK 1.0 Taiwan 3.4 |Japan 1.0 Italy 3.4 |France 1.0 Pakistan 3.3 |Switzerland 0.
Slide 47: Qatar is a leading LNG exporter with a clear cost advantage
Qatar is a leading LNG exporter and benefits from a clear cost advantage vis-a-vis other exporters LNG export capacity (2024) LNG projects cost curve Million metrics ton per year (mtpa) US 93 Australia 88 Qatar 7 Russia 31 Algeria 25 Indonesia 23 Nigeria 23 USD/mmBtu 20 15 10 L l o Qatar Russia Aust
Slide 48: Long-term prospects for LNG demand remain robust
Long-term prospects for LNG demand remain robust, creating opportunities for suppliers that are competitive and reliable Global LNG market demand (million ton per year) Rationale - the case for gas 5-year Energy security forecast wage . + Natural gas is critical to global energy CAGR: 6.4% GanEual 4
Slide 49: North Field Expansion project will increase LNG output by 85%
Qatar is responding to this demand and opportunity with the North Field Expansion project, which will increase LNG output by 85% Qatar’s LNG output increase Million metrics ton per year (mtpa) 2023 % Q N B Source: Qatar Energy, QNB analysis aS + Globally Qatar is the largest LNG exporter with a mark
Slide 50: Qatar National Vision 2030 diversification strategy
To reduce reliance on hydrocarbon revenues, Qatar introduced a diversification strategy via Qatar National Vision 2030 (QNV 2030) QNV 2030 aims to promote diversification and foster human, social, economic and environmental development: Knowledge based Human development + To enable all of Qatar’s pe
Slide 51: Economic diversification has accelerated over the last decade
Economic diversification has accelerated over the last decade in order to achieve the QNV 2030 Real GDP growth by sector %, year-on-year 30 25 =5 (MijHydrocarbon \Non-Hydrocarbon Accelerated Diversification A TPL, : | a i _ 22 ry ml i = 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 202
Slide 52: Qatar's 3rd National Development Strategy
Qatar’s 3'4 National Development Strategy aims to support the execution of QNV 2030 through seven key strategic outcomes Qatar’s NDS 3 (2024-2030) Strengthen the long-term stability, health, and resilience of the government budget and its balance sheet. 2. Fiscal Sustainal &> 3. Future-ready Workfor
Slide 53: Qatar's sustainable economic growth model incorporates four key elements
Qatar’s sustainable economic growth model incorporates four key elements Energy Sector Energy Business * Qatar will further strengthen its role as a global energy leader and build a position in new emerging fields of low-carbon energy. Sector Environment Business Environment + To position Qatar to h
Slide 54: Qatar's development strategy spurs economic growth along two dimensions
Qatar’s development strategy spurs economic growth along two dimensions QNV 2030 Energy Business Sector Environment Non-HC Diversification Innovation Clusters North Field Expansion - North Field East - North Field South - North Field West Project Ru’ya - Third phase of Al-Shaheen’s development Brown
Slide 55: Qatar's development strategy is set to achieve significant growth
Qatar’s development strategy is set to achieve significant growth over the next few years Qatar’s incoming GDP acceleration % y/y 79 2 2024e 2025f 2026f 2027f BS <4 QN B Source: Ministry of Finance, QNB analysis “AS Assumptions + HC — All phases of the North Field Expansion project are delivered — R
Slide 56: Post-World Cup tourism surge is set to continue
Post-World Cup tourism surge is set to continue on state-of-the-art infrastructure, good value and regional activity Total visitors (thousands) Hotel room keys 2020 581 2021 611 FIFA World Cup 39,233 41,000 2022 2,560 2022 28,300 29,386 37,586 2023 ’ 2024 5,077 2020 2021 2022 2023 2024 Visitor arriv
Slide 57: Qatar is one of the highest rated sovereigns in the world
Given its wealth and stable outlook, Qatar is one of the highest rated sovereigns in the world Standard & Poor’s Sovereign Ratings” Moody’s Sovereign Ratings” Germany, Canada, Switzerland, Norway, Sweden, AAA Germany, Canada, Switzerland, Norway, Sweden, ‘Aaa Netherlands, Luxembourg, Singapore Nethe
Slide 58: Qatar's banking and financial system remains resilient and healthy
Qatar’s banking and financial system remains resilient and healthy Financial Soundness Indicators (2020-2023, %) Capital Adequacy Asset Quality Liquidity Profitability s% QNB Source: Qatar Central Bank, QNB analysis aw
Slide 59: QNB
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