Fidelity Bank Plc · NSENG:FIDELITYBK
Fidelity Bank — H1 2012 Earnings Presentation
22 slides from Fidelity Bank's earnings presentation, July 2012
Slide 1: Fidelity Bank Plc: Management Presentation Half Year 2012 Financial Results
www.fidelitybankplc.com Fidelity Bank Plc: Management Presentation Half Year 2012 Financial Results July, 2012
Slide 2: Fidelity Overview
www.fidelitybankplc.com Fidelity Overview 1
Slide 3: Our Guiding Philosophy
Our Guiding Philosophy www.fidelitybankplc.com Mission SHARED VALUES To make Financial Services Easy and Accessible Customer First Respect Excellence Shared Vision ambition Tenacity To be No.1 in every market we serve and for every branded product we offer
Slide 4: One of Nigeria's Safest and Strongest Financial Institutions
One of Nigeria’s Safest and Strongest Financial Institutions www.fidelitybankplc.com Capital Adequacy Ratio 150.0 141.7 50.0% 133.0 120.0 40.0% 90.0 37.5% 30.0% 29.0% 60.0 20.0% 30.0 10.0% Fidelity may not be the - 0.0% biggest, but we are one Jun 2011 Jun 2012 of the strongest, most Total Capital (
Slide 5: Over 24 Years . . . Still Counting
Over 24 Years . . . Still Counting www.fidelitybankplc.com The Most Socially Responsible Bank in Africa 2008 – The African Banker Fidelity Registered as Licensed to Raised Equity Resolved all incorporated as a Public operate as a to N22bn Merger a Private Limited universal bank (Rights, IP
Slide 6: Over 24 Years . . . We Keep Getting Better
Over 24 Years . . . We Keep Getting Better www.fidelitybankplc.com Awards and Recognitions: Africa’s Most Socially Responsible Bank – The Banker Magazine, Washington DC, 2008 The Most Efficient Bank in Clearing Data Transmission – Nigerian Interbank Settlement Scheme 2011 The Most Punctual Ban
Slide 7: Strategic Alliances and Global Partnerships
Strategic Alliances and Global Partnerships www.fidelitybankplc.com A partner of strategic choice for global financial institutions. Our strategic partnerships provide us global reach and the benefit of knowledge transfer in our quest to implement best practices.
Slide 8: Shareholding Structure
Shareholding Structure www.fidelitybankplc.com Diverse Shareholder Distribution Shareholder Distribution Diverse shareholder base with no controlling shareholder; over 400,000 shareholders 80.0% 73.3% No single shareholder owns more than 5% of 60.0% total share capital 40.0% Diversification of
Slide 9: Group Financial Highlights
www.fidelitybankplc.com Group Financial Highlights
Slide 10: Group H1-2012 - Summary Financial Results
Group H1-2012 - Summary Financial Results www.fidelitybankplc.com HALF YEAR FINANCIAL HIGHLIGHTS (Naira in million) H1-2012 H1-2011 % Change Gross Earnings 51,898 29,917 73.5% Net Interest Income 20,179 12,417 62.5% Non-interest Income 13,338 9,677 30.7% Impairment Charges (720) (1,801) -60.0% Profi
Slide 11: Revenue
www.fidelitybankplc.com Revenue
Slide 12: Revenue
Revenue www.fidelitybankplc.com Gross Earnings Interest Income N'million N'million 51,899 45,000 40,241 54,000 45,000 36,000 36,000 29,917 27,000 27,000 19,884 18,000 18,000 9,000 9,000 - - H1-2011 H1-2012 H1-2011 H1-2012 Profit Before Tax (PBT) Revenue sustained positive growth on the back of inc
Slide 13: Non-interest Income
Non-interest Income www.fidelitybankplc.com Non-interest Income Composition of Non-interest Income N'million 15,000 13,338 Other FX Income, 34% 12,000 Income, 24% 9,677 9,000 6,000 3,000 Fees & - Com, 42% H1-2011 H1-2012 H1-2012 Other About 90% of Non-interest Income came from Income, 13% FX Incom
Slide 14: Efficiency Ratios
www.fidelitybankplc.com Efficiency Ratios
Slide 15: Profitability Dynamics
Profitability Dynamics www.fidelitybankplc.com Net Interest Income Return on Assets and Return on Equity N'million 15.0% 14.2% 22,200 20,179 18,500 12.0% 14,800 12,417 9.0% 5.8% 11,100 6.0% 7,400 2.7% 3.0% 1.5% 3,700 0.0% - H1-2011 H1-2012 H1-2011 H1-2012 RoA (pre-tax) RoE (pre-tax) Alongside the
Slide 16: Cost Dynamics
Cost Dynamics www.fidelitybankplc.com Interest Expense Operating Expense & Cost-Income Ratio N'million N'million 20,062 25,000 23,182 96.0% 21,000 17,500 20,000 16,535 88.0% 14,000 15,000 81.2% 70.3% 80.0% 10,500 7,738 10,000 7,000 72.0% 5,000 3,500 - 64.0% 0 H1-2011 H1-2012 Operating Expense Cost-I
Slide 17: Balance Sheet Structure
www.fidelitybankplc.com Balance Sheet Structure
Slide 18: Funding Structure
Funding Structure www.fidelitybankplc.com Total Assets Total Capital N'billion N'billion 850 736.9 141.7 46.9% 150 133.0 680 120 502.6 510 90 340 60 170 30 - - Jun 2011 Jun 2012 Jun 2011 Jun 2012 Composition of Funding Sources 100% 5.1% 5.6% Fidelity would continue to emphasis a self 26.5% 19.2% f
Slide 19: Analysis of Loans and Deposits
Analysis of Loans and Deposits www.fidelitybankplc.com Net Loans and Advances Customer Deposits Other Advances, 1% Lease Demand, 47.1% Tenure, 31.9% Finance, 11% Overdraft, 3 1% Term Savings, 21.0% Loans, 57% N'billion N'billion 600.0 554.1 300.0 36.3% 274.5 61% 250.0 450.0 201.4 200.0 344.2 300.0 1
Slide 20: Capital Adequacy & Non-performing Loans
www.fidelitybankplc.com Capital Adequacy & Non-performing Loans
Slide 21: Capital Adequacy, Liquidity & NPL
Capital Adequacy, Liquidity & NPL www.fidelitybankplc.com Equity & Capital Adequacy Ratio (CAR) Non-performing Loans (NPL) 141.7 NPL Ratio Coverage 150.0 133.0 50.0% 18.0% 150% 16.0% 120.0 40.0% 120% 110% 90.0 37.5% 30.0% 12.0% 87% 90% 29.0% 60.0 20.0% 6.1% 60% 6.0% 30.0 10.0% 30% - 0.0% 0.0% 0% Jun
Slide 22: Fidelity Has A Solid Platform for Quality and Expansion
www.fidelitybankplc.com Fidelity Has A Solid Platform for Quality and Expansion Strong Market Position Strong Management Strong Corporate/ Team and Corporate Culture SME Franchise Strong Financial Sustained Quality Performance and Asset Growth Profitability Sound Risk Rapidly Growing Management Dist