Dubai Islamic Bank Pjsc · DFM:DIB
Dubai Islamic Bank Pjsc — FY2024 Earnings Presentation
34 slides from Dubai Islamic Bank Pjsc's earnings presentation, February 2025
Slide 1: Investor Presentation
Investor Presentation For the period ending 31 December 2024
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This presentation may contain statements about future events and expectations that are forward-looking statements. These statements typicall
Slide 3: Contents
Contents 1 Overview 2 Financial Performance 3 Strategy and Key Highlights 4 Appendix 3
Slide 4: Stable growth in world economy with global inflationary pressures decreasing
Stable growth in world economy with global inflationary pressures decreasing Global Real GDP Growth (%) Brent Oil (USD/barrel) Fed Fund Rates (% upper bound) Global 95 6 Advanced Economies Emerging Markets & Developing Economies 90 5.0% 4.4% 4.3% 4.5% 4.1% 4.2% 4.2% 85 5.5 4.0% 3.5% 80 3.5% 3.3% 3.2
Slide 5: UAE fiscal conditions remain strong
UAE fiscal conditions remain strong UAE GDP (%) Dubai Q2 2024 GDP Breakdown (%) Overall GDP Non-hydrocarbon GDP Hydrocarbon GDP Others, 23% Wholesale & Trade, 25% 0% 8.5% 7.5%7.1% 7.7% 0% 6.5% Information & AED 116 bn 6.2% 6.0% 0% 5.2% 5.3% Communication, (+3.3% YoY) 4.4% 4.0% 4% 3.6% 0% Transportat
Slide 6: Contents
Contents 1 Overview 2 Financial Performance 3 Strategy and Key Highlights 4 Appendix 6
Slide 7: Key Highlights – FY 2024
Key Highlights – FY 2024 ▪ MENA economy continues to be robust and is projected to grow at 3.5% in 2025 based on IMF forecast. ▪ Economic growth in UAE remains strong driven by robust domestic activities. ▪ Record year from DIB underpinning the bank’s strategic growth agenda. o Balance sheet growth
Slide 8: Balance Sheet
Balance Sheet YoY QoQ AED million Dec 2024 Dec 2023 Sep 2024 FY 2024 Highlights Change Change Net financing assets & sukuk investments 294,588 267,626 10.1% 285,783 3.1% • Robust balance sheet growth exceeding Total Assets 344,687 314,292 9.7% 329,169 4.7% 10% YoY and nearly 5% QoQ to reach to Custo
Slide 9: Income Statement
Income Statement YOY YoY QoQ AED million FY 2024 FY 2023 4Q 2024 4Q 2023 3Q 2024 % Change % Change % Change Total Income 23,341 20,142 15.9% 6,346 5,594 13.4% 5,703 11.3% Net Operating Revenue 12,837 11,665 10.0% 3,751 3,118 20.3% 3,027 23.9% Operating Expenses (3,425) (3,162) 8.3% (871) (900) (3.2%
Slide 10: Profitability & Cost Structure
Profitability & Cost Structure Non-Funded Income Composition (AED million) OPEX trends (AED million) Fees/Comm & FX Other Income Inc. from Assoc. 15% (4%) 24% 8% Inc. from Prop HFS Inc. from Inv. Prop. Inc. / loss other inv. 4,000 Q4 2024 506 230 206 112 172 3 1,230 3,500 265 49 3,425 3,162 (51) Q3
Slide 11: Overview of Deployment of Funds/Financing
Overview of Deployment of Funds/Financing Deployed Funds Composition (AED bn) Net Deployed by Segment (AED bn) Net Financing Assets Sukuk Investments Cash & CB balances Investment in equities & properties Dec 2022 Dec 2023 Dec 2024 Others Due from banks & FI 149 143 134 2024 212 82 27 9 96 345 2023
Slide 12: Segmental Overview – Consumer
Segmental Overview – Consumer Management Commentary Breakdown by Portfolio – Dec 2024 Revenue Trends (AED mn)* • Consumer portfolio up by 13% YoY to reach at AED (18%) Personal 6,000 5,330 10.00% 63 billion compared to AED 56 billion in 2023. YoY Home Finance, 9.00% • Home finance portfolio rose by
Slide 13: Segmental Overview – Corporate
Segmental Overview – Corporate Management Commentary Breakdown by Portfolio – Dec 2024 Revenue Trends (AED mn)* Automobile, +17% • Portfolio stands at AED 149 billion up 4% Utilities, 5% Trade, 5% 6% YoY 3,398 YoY focusing around diversified economic Aviation, 9% 4,000 2,897 segments both in the pub
Slide 14: Segmental Overview – Treasury
Segmental Overview – Treasury Management Commentary Breakdown by Portfolio – Dec 2024 • Portfolio now stands at AED 82 billion, a strong rise of 21% YoY. Aviation, 1% Services, Financial 16% Institutions, 10% • Sovereign continue to be the largest contributor at 69% with a Real Estate, portfolio of
Slide 15: Asset Quality
Asset Quality Impairment charges (AED mil) and cost of risk (COR %) Provisioning (AED mil), NPF1 (AED mil) and Cash Coverage Ratio (%) Impairment charges (AED mil) COR Provisions NPF Coverage Ratio % 1600 0.8% 0.9%120% 0.7% 0.8% 97% 1400 0.7% 100% 90% 1200 0.7% 76% 13,784 78% 0.57% 72% 0.6% 80% 12,0
Slide 16: Asset Quality (contd.)
Asset Quality (contd.) Islamic financing and investing assets (Gross Exposure by stages) Stage 1 (AED million) Stage 2 (AED million) Stage 3 (AED million) Gross Exposure ECL Coverage Gross Exposure ECL Coverage Gross Exposure ECL Coverage 78.9% 250,000 0.7% 16,000 80.0% 199,167 25,000 8.9% 10.0% 0.6
Slide 17: Funding Sources and Liquidity
Funding Sources and Liquidity Funding Sources (AED bn) Liquidity Coverage Ratio (LCR) Due to banks & FIs Other payables Equity Sukuk Customers' Deposits 345 Liquidity Coverage Ratio (%) 288 6 290 280 13 13 3 12 53 9 13 10 47 24 41 44 20 21 22 159% 189% 150% 249 129% 136% 206 199 222 2021 2022 2023 2
Slide 18: Capitalization Overview
Capitalization Overview Regulatory Capital1 (AED billion) Capital Ratios CET 1 AT1 Tier 2 CAR CET1 Ratio Tier 1 47.1 41.4 40.7 42.9 39.1 2.9 18.5% 18.3% 2.6 2.8 17.1% 17.6% 17.3% 2.6 2.6 10.1 8.3 8.3 17.3% 11.9 8.3 16.0% 16.5% 16.1% 17.2% 12.4% 12.9% 12.8% 13.2% 12.0% 29.8 31.8 34.0 26.9 28.2 2020 2
Slide 19: Digital drive continue to support overall growth of DIB
Digital drive continue to support overall growth of DIB Digital Registered User Base* (‘000) Mobile Banking Transactions (‘000) +13% +16% YoY YoY 1,490 1,315 25,989 1,174 22,494 1,023 867 18,181 14,614 11,179 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Internet Banking Transactions (‘000) What
Slide 20: Driving Sustainability at DIB and 2030 ESG Strategy
Driving Sustainability at DIB and 2030 ESG Strategy Sustainability Highlights from FY2024 Highlight Description Strategic Area SDGs Sustainable Finance One of the key achievements of 2024 was the successful pricing of another USD 1 billion Sustainable Propel Sustainable Issuance and Sukuk in Februar
Slide 21: Contents
Contents 1 Overview 2 Financial Performance 3 Strategy and Key Highlights 4 Appendix 21
Slide 22: Summary Highlights
Summary Highlights ▪ Strategy remains strong and intact delivering another exceptional year of business and FY 2024 FY2024 FY 2025 Target Metrics Guidance Actual Guidance performance results. ▪ Robust financial results: Net financing & 10.0% 10.1% 15.0% Sukuk growth o Robust balance sheet growth of
Slide 23: Contents
Contents 1 Overview 2 Financial Performance 3 Strategy and Key Highlights 4 Appendix 23
Slide 24: Consolidated Income Statement
Consolidated Income Statement AED million FY 2024 FY 2023 Net Income Income from Islamic financing and investing transactions 19,454 17,227 Commission 1,748 1,795 Income / (loss) from other investments measured at fair value 17 31 Income from properties held for development and sale 342 237 Income f
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet AED million 31 Dec 2024 31 Dec 2023 Assets Cash and balances with central banks 26,700 24,020 Due from banks and financial institutions 5,642 4,484 Islamic financing and investing assets, net 212,427 199,453 Investments in Islamic Sukuk measured at amortized cost 82,161 68
Slide 26: Strategy 2022 - 2026
Strategy 2022 - 2026 Aligning DIB to the ambitions and the expansionary agenda of the UAE Embarked on a new five-year strategy that will… Strengthen the Group Grow the Group >reinforce > energize > adapt > diversify > innovate > expand Strengthen the capital base, Deliver balance sheet growth enhanc
Slide 27: DIB's ESG Vision and 2030 ESG Strategy
DIB’S ESG Vision and 2030 ESG Strategy “Own theESG “Own the ESG Space” space” Strategic Pillars Lead by Example Finance a Sustainable Future Priority Areas 1 2 3 4 5 6 7 8 Reduce Champion Embrace Enhance Drive Promote Operational Business Ethics Propel Sustainable Embed ESG in Diversity & Employee T
Slide 28: DIB – A leading global Islamic bank
DIB – A leading global Islamic bank More than 9,000 employees ▪ Dubai Islamic Bank (“DIB” or the “Bank”) was established in 1975. across the Group ▪ Amongst the largest Islamic Bank by assets globally 5 million + customers globally ▪ 4th largest bank by assets in the UAE. Designated (“D-SIB”)* in 20
Slide 29: DIB's Key Business Lines
DIB’s Key Business Lines Core Business Profiles Consumer Banking Corporate Banking Corporate Banking has sector-specific focus Offering its retail and business banking services units which target clients across both private through a network of 54 branches and more and public sectors. than 518 ATMs
Slide 30: DIB Debt Capital Markets – Deal Experience
DIB Debt Capital Markets – Deal Experience Select Sovereign and Supranational Agency Transactions The Republic’s 2024 The Republic of turkey Republic of Indonesia offering received Kingdom of Bahrain The Government of the Republic of Turkey 2024 was able to strong support and Kingdom of Bahrain exce
Slide 31: DIB Debt Capital Markets – Deal Experience
DIB Debt Capital Markets – Deal Experience Select Financial Institutions Transactions in 2024 Qatar International Dubai Islamic Bank PJSC DUKHAN BANK Warba Bank Sharjah Islamic Bank Emirates Islamic Bank Islamic Bank USD 500,000,000 USD 800,000,000 USD 300,000,000 USD 500,000,000 USD 500,000,000 USD
Slide 32: DIB Debt Capital Markets – Deal Experience
DIB Debt Capital Markets – Deal Experience GRE and Corporate Transactions in 2024 Saudi Aramco Arada Developments TAP Sobha Realty Tap Public Investment Fund Turkiye Varlik Fonu AerCap Holdings USD 500,000,000 USD 3,000,000,000 USD 150,000,000 USD 230,000,000 USD 1,500,000,000 USD 750,000,000 USD 1,
Slide 33: Select Award & Accolades
Select Award & Accolades • Best Overall Deal of the year • Best Islamic Retail Bank MEA Finance Euromoney 16th Annual • Best Islamic Bank in the UAE GCC GOV Youth Banking Islamic Empowerment Awards for Best Deal & Finance • Social Impact, SRI ESG Deal Technology 2022 Awards Excellence Solution News
Slide 34: DIB Investor Relations
DIB Investor Relations Contact Information P. O. Box: 1080, Dubai, UAE +971 4 207 5454 investorrelations@dib.ae www.dib.ae/about-us/investor-relations Download DIB Investor Relations App for latest P. O. Box: 1080, Dubai, UAE +971 4 207 5454 financial information, events & announcements. investorrel
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