United Arab Bank · ADX:UAB
United Arab Bank — Investor Presentation (March 2025)
26 slides from United Arab Bank's investor presentation, March 2025
Slide 1: Focused on sustainable growth, leveraging a robust foundation
Focused on sustainable growth, leveraging a robust foundation Management Presentation March 2025
Slide 2: Offer structure and key terms
Offer structure and key terms Issuer United Arab Bank PJSC (“UAB” or the “Bank”) Transaction Type Rights Issue of ordinary shares Exchange Abu Dhabi Securities Exchange (“ADX”) • Size: Up to 1,031,275,325 new shares at an issue price of AED 1 (“Issue Price”) Issue Size • Rights ratio: One Right for
Slide 3: United Arab Bank: Your trusted banking partner
United Arab Bank: Your trusted banking partner • Incorporated in 1975 in the Emirate of Sharjah as a JV between key Ras Al Khaimah International and UAE investors Well-supported by top shareholders* • Listed on Abu Dhabi Securities Exchange (ADX) Sharjah • Commercial Bank (QSC) is the major sharehol
Slide 4: Key Investment Highlights
Key Investment Highlights
Slide 5: Key Investment Highlights
Key Investment Highlights 1 Macro Superior UAE macro fundamentals driving continued economic growth 2 Positioning Niche player in the mid-large segment with a growing market share 3 Transformative Successful execution of turnaround strategy through multifaceted initiatives 4 Growth Multiple growth-a
Slide 6: Well-positioned to benefit from macro-economic tailwinds
1 Well-positioned to benefit from macro-economic tailwinds The UAE has witnessed tremendous growth and is a hub for business … ... with one of the highest GDP per capita globally (6) GDP per capita, current prices (USD 000s) $ Aa2 46 48 One of the world’s key 33 33 34 The MENA’s most Investment-grad
Slide 7: Niche player in the mid-large segment with a growing market share
2 Niche player in the mid-large segment with a growing market share Strong financial performance by UAB … … resulting in UAB share price outperforming mid-market UAE Banks (1) Return on Shareholders’ Equity (2) 220 6M 12M 24M UAB 24% 18% 81% 15.8% 16.1% 12.2% Mid-Market UAE Banks 5% 12% 36% 8.1% ADX
Slide 8: Our strategic imperatives (1/2)
3 Our strategic imperatives (1/2) Re-invigorate our Islamic window 8 1 Sustainable and superior profits across all business lines through business growth Bank-wide cost discipline 7 2 ‘Customer centricity’ and ‘risk’ to drive down the CI ratio significantly at the heart of all that we do Embed susta
Slide 9: Successful execution of turnaround strategy through multifaceted initiatives (2/2)
3 Successful execution of turnaround strategy through multifaceted initiatives (2/2) Revamped our organisation and governance structure, and promoted a Strengthened our financial foundation to deliver sustainable growth performance-oriented culture Achieved significant improvements in asset quality,
Slide 10: Multiple growth-accelerating initiatives to scale-up and diversify product offering
4 Multiple growth-accelerating initiatives to scale-up and diversify product offering WHOLESALE AED 362 mn 60% Revenue TREASURY & AED 189 mn 31% Revenue RETAIL AED 55 mn 9% Revenue BANKING Revenue contribution CAPITAL MARKETS Revenue contribution BANKING Revenue contribution Bespoke financial advice
Slide 11: Robust fundamentals with strong financial performance
5 Robust fundamentals with strong financial performance NET PROFIT CAGR since FY’21: 68% RETURN ON Net profit (before tax) records (BEFORE TAX) SHAREHOLDERS’ EQUITY AED Mn (%) 16.1 331 3-year CAGR of 68% with 255 significant improvement in 4.7 155 shareholder returns … 70 FY'21 FY'22 FY'23 FY'24 FY'
Slide 12: Experienced Board to achieve strategic objectives (1/2)
6 Experienced Board to achieve strategic objectives (1/2) Board of Directors 14 18 17 13 H.H. Sheikh Mohammed Female Representation Mr. Omar Hussain H.E. Sheikh Abdullah H.E. Ms. Najla Al Midfa Bin Faisal Al Qassimi Alfardan Bin Ali Bin Jabor Al Thani Director Chairman Vice Chairman Director Board M
Slide 13: Experienced Leadership to drive further growth (2/2)
6 Experienced Leadership to drive further growth (2/2) Senior Management With over 350+ years Shirish Bhide Abdul Haleem Sheikh Nael Mourad Emre Yalcin Carla Ajaka Chief Executive Officer Chief Financial Officer Head of Wholesale Banking Head of Retail Banking Head of Treasury & Capital Markets of c
Slide 14: UAB is focused on delivering sustainable growth and shareholder returns
UAB is focused on delivering sustainable growth and shareholder returns, leveraging the robust foundation built 01 02 03 04 05 06 Macro Positioning Transformative Growth Resilience Excellence Superior UAE macro UAB aims to be niche Successfully executed Multiple growth- Maintaining robust Led by a B
Slide 15: FY'24 Financial Update
FY’24 Financial Update
Slide 16: Strong business momentum drives double-digit growth in FY'24 balance sheet and earnings
Strong business momentum drives double-digit growth in FY’24 balance sheet and earnings FY’24 earnings up AED 21 BILLION Healthy asset quality CAR CET1 Delivering driven by NII and +22% yoy metrics see further sustainable returns asset growth Total Assets improvement 17.4% 12.7% to shareholders Grow
Slide 17: Robust execution of the turnaround strategy drives impressive asset growth
Robust execution of the turnaround strategy drives impressive asset growth supported by a diversified funding mix, … All figures in AED Billion TOTAL ASSETS LOANS, ADVANCES & ISLAMIC FINANCING (net) INVESTMENTS CAGR since FY’21: 12% CAGR since FY’21: 12% CAGR since FY’21: 19% 21.5 17.6 11.5 6.0 15.2
Slide 18: ... delivering strong growth in income and profits
... delivering strong growth in income and profits, All figures in AED Million NET INTEREST INCOME TOTAL INCOME OPERATING PROFIT CAGR since FY’21: 19% CAGR since FY’21: 10% CAGR since FY’21: 12% 467 576 606 292 288 395 501 249 322 450 206 278 FY'21 FY'22 FY'23 FY'24 FY'21 FY'22 FY'23 FY'24 FY'21 FY'
Slide 19: ... and consistently improving key performance indicators
… and consistently improving key performance indicators All figures in percentage (%) NET INTEREST MARGIN COST-INCOME RATIO COST OF RISK RETURN ON SHAREHOLDERS’ EQUITY RETURN ON ASSETS 15.8 16.1 1.6 1.5 3.1 2.6 2.7 2.2 1.5 10.3 1.1 54 50 52 1.0 49 4.7 0.5 0.4 -0.5 FY'21 FY'22 FY'23 FY'24 FY'21 FY'22
Slide 20: Use of Proceeds
Use of Proceeds
Slide 21: Pro-forma Capital post rights issue and use of proceeds
Pro-forma Capital post rights issue and use of proceeds Core Tier 1 Capital 6.6% 19.3% The Bank intends to use the net proceeds raised from the Rights Issue to strengthen the Bank’s capital position and enhance its financial resilience to adverse macro-financial shocks, with the aim to: 12.7% Regula
Slide 22: Appendix – Summary Financials
Appendix – Summary Financials
Slide 23: Summary financials – Income statement and related ratios
Summary financials – Income statement and related ratios %chg %chg %chg Income statement highlights (AED Million) 2024 2023 2022 vs 2023 vs 2022 vs 2021 Net Interest Income 467 18 395 23 322 16 Non-Interest Income 139 (23) 182 1 179 4 Total Income 606 5 576 15 501 11 Operating Expenses (318) 12 (28
Slide 24: Summary financials – Balance sheet and related ratios
Summary financials – Balance sheet and related ratios %chg %chg %chg Balance sheet highlights (AED Billion) Dec-24 Dec-23 Dec-22 vs Dec'23 vs Dec’22 vs Dec’21 Total Assets 21.5 22 17.6 25 14.1 (7) Loans, advances & Islamic financing 11.5 23 9.4 23 7.6 (7) Investments 6.0 18 5.1 31 3.9 10 Customers’
Slide 25: Disclaimer
Disclaimer • The United Arab Bank PJSC (the Bank or UAB) prepared this presentation on a proprietary basis as general background information about the activities of the Bank. For the purposes of this notice, “Presentation” means this document, its contents or any part of it, any oral presentation, a
Slide 26: THANK YOU
THANK YOU For any further queries, please contact UAB Investor Relations ir@uab.ae Access our latest presentations and reports: Earnings Presentations Annual Reports Sustainability Reports Your Trusted Partner in UAE since 1975
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