Abu Dhabi Commercial Bank · ADX:ADCB
Abu Dhabi Commercial Bank — Abu Dhabi Commercial Bank PJSC — Q1 2026 Earnings Presentation
41 slides from Abu Dhabi Commercial Bank's earnings presentation, June 2026
Slide 1: First Quarter 2026 Investor Presentation
ABU DHABI COMMERCIAL BANK PJSC adcb.com/ir First quarter 2026 Investor presentation June 2026 First Quarter 2026 Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation is not an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information only. This presentation does not contain all of the information that is material to an investor. By reading the presenta
Slide 3: Table of contents
Table of contents 1. ADCB overview 4 2. UAE – Economic landscape 10 3. Financial highlights 13 4. AI/digital transformation and ESG updates 28 5. Management guidance 33 6. Appendix 35 First Quarter 2026 Investor Presentation
Slide 4: 1. ADCB overview
1. ADCB overview First Quarter 2026 Investor Presentation
Slide 5: ADCB at a glance
ADCB OVERVIEW ADCB at a glance Third-largest bank by total assets in the UAE 3.781 bn 16.2% Q1’26 profit before tax (AED) Market share — net loans(3) +30% YoY 98 bn Shareholding structure(1) 14.5% 72% Market capitalisation (AED)(1) Mubadala(2): 60.69% Market share — deposits(3) Total domestic loans
Slide 6: Strong financial performance driving ratings strength
ADCB OVERVIEW Strong financial performance and ongoing proactive engagement is driving ratings strength Credit ratings ESG ratings A+/Stable/A-1 A+/F1/Stable AA 14.6 Low Risk 12 May 2026 5 May 2026 23 March 2026 15 October 2025 Credit rating upgraded on 14 March 2025 from A to A+. Upgrade citing “so
Slide 7: Passion for service excellence reflected in NPS score and brand value
ADCB OVERVIEW Passion for service excellence reflected in NPS score and brand value A culture of service and delivery embedded across ADCB Customer journey design CoE Bank-wide NPS (5-Year Trend) • Embedded service culture: Service excellence is Cross-functional centre applying end-to-end embedded a
Slide 8: Next-gen, AI-powered mobile app
ADCB OVERVIEW Unlocking a new era in ADCB’s digital banking through a next-gen, AI-powered mobile app Powered by AI. Shaped by you • Transforming the app into an intelligent financial partner AI-Powered Smart Banking simplifying everyday banking Experience smarter banking powered by advanced AI, wit
Slide 9: ADCB 3-year journey: key financial metrics
ADCB OVERVIEW ADCB 3-year journey: key financial metrics Balance sheet of AED 653 bn, reflecting robust growth in loans & deposits Delivered continued profitability Creating significant shareholder value (AED bn) Book value per share (AED) 567 653 774 13.6% 15.3% 17.3% 8.54 8.08(2) 9.14 Net loans CA
Slide 10: 2. UAE – Economic landscape
2. UAE – Economic landscape First Quarter 2026 Investor Presentation
Slide 11: Investment outlook to remain strong
OPERATING ENVIRONMENT & GUIDANCE Investment outlook to remain strong UAE: Total project awards solid in Q1 2026, at 27% of 2025 total; UAE: Project awards in the UAE ticked up in sequentially in Q1 2026; UAE: Broad-based project award outlook for H1 2026; However, 1Q awards largely in 2M 2026, wait-
Slide 12: Strong UAE macro-economic fundamentals supporting confidence
OPERATING ENVIRONMENT & GUIDANCE Strong UAE macro-economic fundamentals supporting positive business and consumer confidence Global: Fed rate cut expectations pared back – market sees US: Recession probability moderated in March; Sharp rise in UAE: Higher oil price could counterbalance weaker export
Slide 13: 3. Financial highlights
3. Financial highlights First Quarter 2026 Investor Presentation
Slide 14: Strong start to 2026 driven by loan growth and efficiency gains
FINANCIAL HIGHLIGHTS Strong start to 2026 driven by high-quality loan growth, diversified earnings and efficiency gains against a resilient UAE backdrop Financial highlights Q1’26 key highlights • Consistent execution of the five-year strategy: Strong • ADCB franchise driving customer deposit growth
Slide 15: 19 consecutive quarters of growth in profit before tax
FINANCIAL HIGHLIGHTS Sustained momentum with 19 consecutive quarters of growth in profit before tax Income statement (AED mn) Q1’26 Q4’25 Q1’25 ∆QoQ% ∆YoY% Q1’26 profit before tax (AED bn) Total net interest income(1) 3,738 3,833 3,393 (2) 10 3.781 +30% YoY +1% QoQ 19 quarters of consecutive growth
Slide 16: Net interest income up 10% YoY
FINANCIAL HIGHLIGHTS Net interest income up 10% YoY on higher volumes, while NIM remained resilient supported by strong CASA inflows Net interest income (AED mn) Asset yield (%)(1) Key highlights 3 rate cuts from Sep’25 to Dec’25 • Net interest income of AED 3.738 bn was up 10% YoY, driven by higher
Slide 17: Strong growth in non-interest income
FINANCIAL HIGHLIGHTS Strong growth in non-interest income across all line items, representing 37% of operating income, up from 32% in Q1’25 Non-interest income (AED mn) Q1’26 Q4’25 Q1’25 ΔQoQ% ΔYoY% Key highlights • Net fees and commission income of AED 938 mn increased Net fees and commission incom
Slide 18: Cost to income ratio at lowest ever quarterly level of 25.6%
FINANCIAL HIGHLIGHTS Cost to income ratio at lowest ever quarterly level of 25.6% Operating expenses (AED mn) Cost to income ratio Key highlights • Strong YoY improvement of 360 bps in Q1’26 cost to +4% -360 bps income ratio to 25.6%, driven by higher operating income combined with significant effic
Slide 19: Balance sheet growth with strong capital and liquidity buffers
FINANCIAL HIGHLIGHTS Balance sheet growth maintained alongside strong capital and liquidity buffers Balance sheet (AED mn) Mar’26 Dec’25 Mar’25 ΔQoQ% ΔYoY% CET1 ratio CAR Total assets 808,857 773,654 679,716 5 19 13.82 % 16.95% 13.79% 13.82% 17.00% 16.95% Net interest earning assets 679,794 649,440
Slide 20: Net loans up 5% during Q1'26
FINANCIAL HIGHLIGHTS Net loans up 5% (AED 20 bn) during Q1’26 across GREs and diversified sectors Net loans (AED bn) Gross loans by geography (AED bn) Key highlights 426 414 434 • Credit demand remained resilient across key sectors and 406 23 370 AED 10 bn of gross loans extended to GREs in Q1’26 35
Slide 21: Propelled by UAE's future roadmap
FINANCIAL HIGHLIGHTS Propelled by UAE's future roadmap; fostering growth across diverse sectors, paving the way for transformative progress Emirati Mohammed bin Abu Dhabi Environment Vision Plan Abu Dhabi Abu Dhabi Surface Transport Dubai Autonomous Dubai Industrial interplanetary Rashid Al Maktoum
Slide 22: Well diversified and highly secured real estate portfolio
FINANCIAL HIGHLIGHTS Well diversified and highly secured real estate portfolio with strict internal caps and underwriting policies Commercial real estate investment (% of total gross loans) Total real estate portfolio Portfolio composition Real estate loan classification 39% • Purpose of the loan is
Slide 23: Q1'26 cost of risk of 41 bps within guidance
FINANCIAL HIGHLIGHTS Q1’26 cost of risk of 41 bps remains within guidance of below 60 bps Cost of risk Non-performing loans (AED mn) POCI assets (AED mn) • Net impairment charge increased QoQ primarily driven by provision overlays of AED 596 mn and NPL ratio and NPL ratio including POCI to address h
Slide 24: Disciplined risk management in the retail portfolio
FINANCIAL HIGHLIGHTS Disciplined risk management and underwriting practices driving strong risk performance of the ADCB retail portfolio compared to the market Total portfolio delinquency 30+ DPD Personal loans delinquency 30+ DPD Credit cards delinquency 30+ DPD 6.7% 1.5% 1.6% 1.5% 1.4% 1.4% 1.4% 1
Slide 25: Highly rated investment securities portfolio
FINANCIAL HIGHLIGHTS Highly rated portfolio of investment securities increased 7% YoY to AED 160 bn, with 99.4% allocated to bonds Investment securities (AED mn) Investment securities: AED 160,148 mn(2) Non-Government bond portfolio Domestic 29% Government 65% +7% • Rated A-or better: 93.2% Other GC
Slide 26: Customer deposits increased 5% QoQ
FINANCIAL HIGHLIGHTS Customer deposits increased 5% (AED 23 bn) QoQ, with net inflow of AED 14 bn CASA deposits Liability mix Customer deposits (AED bn)(1) CASA split by business (AED mn) Customer deposits 72% 500 523 Total Contribution to Borrowings 15% 442 80 As at 31 Mar 2026 deposits CASA CASA %
Slide 27: Strong capital position supported by earnings growth
FINANCIAL HIGHLIGHTS Strong capital position supported by earnings growth and efficient capital deployment Capital adequacy ratio walkthrough (%)(1) 0.69 0.00 16.95 17.00 1.36 (0.16) (0.04) 1.35 (0.50) (0.04) 1.85 1.78 13.79 12.96 13.82 31-Dec-25 Q1’25 net profit ∆ Impact of changes ∆ Tier-1 ∆ Credi
Slide 28: 4. AI/digital transformation and ESG updates
4. AI/digital transformation and ESG updates First Quarter 2026 Investor Presentation
Slide 29: Select AI initiatives in the UAE
AI/DIGITAL TRANSFORMATION & ESG UPDATES Select AI initiatives in the UAE Government-led initiatives sit at the centre of the UAE’s approach to artificial intelligence, providing strategic direction, investment, and enabling infrastructure for economy-wide adoption. Through coordinated policies spann
Slide 30: Launch of AI-led transformation programme
AI/DIGITAL TRANSFORMATION & ESG UPDATES Launch of AI-led transformation programme, embedding artificial intelligence at the core of the Bank’s business model AI transformation programme – a key catalyst to deliver our medium-term strategy Ambition To reinforce strategic competitiveness and establish
Slide 31: Rapid progress on Group-wide AI and digital transformation
AI/DIGITAL TRANSFORMATION & ESG UPDATES Rapid progress on Group-wide AI and digital transformation ADCB AI use cases Foundational AI capabilities • Conversational AI: AI chat and voice assistants responding to customers, taking actions and driving sales and insight Board Observer Procure to Pay • En
Slide 32: Commitment to sustainable finance, 60% progress against 2030 target
AI/DIGITAL TRANSFORMATION & ESG UPDATES ADCB continues its commitment to sustainable finance, with a 60% progress against its 2030 target 4th globally in Bloomberg ESG score • Published 2025 sustainability disclosures within ESG Ratings ADCB’s Bloomberg ESG score positions the Bank as the an Integra
Slide 33: 5. Management guidance
5. Management guidance First Quarter 2026 Investor Presentation
Slide 34: Summary and guidance
OPERATING ENVIRONMENT & GUIDANCE Summary and guidance Summary Guidance in five-year strategy Full-year 2026 • Strong performance in Q1’26 across launched in Q1 2025 guidance all businesses, driven by increasingly diversified income streams CET1 ratio >12% >12% • Significant loan and deposit growth u
Slide 35: 6. Appendix
6. Appendix First Quarter 2026 Investor Presentation
Slide 36: Our 10-year journey
APPENDIX Our 10-year journey Dividend per share (AED) Basic earnings per share (AED) Total shareholder return (%)(3) 0.40 0.42 0.46 0.38 0.27 0.37 0.55 0.56 0.59 0.63 0.77 0.80 0.90 0.70 0.51 0.73 0.86 1.07 1.20 1.45 46% 181% 196% 1-year TSR 5-year TSR 10-year TSR (2) 2016 2017 2018 2019 2020 2021 2
Slide 37: Our 10-year journey (continued)
APPENDIX Our 10-year journey (continued) Net profit (AED bn) Operating income (AED bn) Cost to income ratio (%) 11.445 22.18 39.6 19.48 9.419 16.87 8.206 36.3 14.34 34.7 6.434 13.21 33.6 34.1 12.47 12.26 33.1 5.247 32.9 4.840 5.244 9.18 32.3 4.157 4.278 3.809 8.50 8.90 31.0 28.2 2016 2017 2018 2019
Slide 38: Our 10-year journey (continued)
APPENDIX Our 10-year journey (continued) Total assets and net loans and advances (AED bn) Customer deposits and CASA (AED bn) 774 653 567 500 368 498 421 440 302 363 405 411 265 309 268 239 262 251 265 235 258 265 280 157 172 196 196 163 177 112 156 114 155 123 100 102 406 160 302 351 248 244 258 90
Slide 39: Balance sheet as at 31 March 2026
APPENDIX Balance sheet as at 31 March 2026 AED mn Mar’26 Dec’25 ΔQoQ% Cash and balances with Central banks, net 80,267 63,019 27 Deposits and balances due from banks, net 57,789 56,594 2 Financial assets at fair value through profit or loss 23,781 21,686 10 Derivative financial instruments 16,479 15
Slide 40: Income statement for the three-month period ended 31 March 2026
APPENDIX Income statement for the three-month period ended 31 March 2026 AED mn Q1’26 Q1’25 ΔYoY% Interest and income from Islamic financing 8,546 8,256 4 Interest expense and profit distribution (4,808) (4,863) (1) Net interest and Islamic financing income 3,738 3,393 10 Net fees and commission inc
Slide 41: ADCB Investor Relations
ADCB Investor Relations Contact information Click to view our reports For more information, please visit our website: adcb.com/ir 2025 Annual Report 2025 Integrated Report or contact ADCB Investor Relations at ir@adcb.com adcb.com/annualreport adcb.com/integratedreport 2024 ESG Report ADCB Green Bon
Abu Dhabi Commercial Bank PJSC — Q1 2026 Earnings Presentation on 6ix