I&m Group Plc · NSEKE:IMH
I&m — I&M Bank Rwanda — FY2019 Earnings Presentation
27 slides from I&m's earnings presentation, 2020
Slide 1: Investing for Growth: Full Year & Quarter 4 2019 Investor Briefing
INVESTING FOR GROWTH FULL YEAR & QUARTER 4 2019 INVESTOR BRIEFING
Slide 2: Outline
OUTLINE 1. MACRO-ECONOMIC REVIEW & OUTLOOK 2. RWANDA BUSINESS OVERVIEW 3. OUR BANK 4. BUSINESS OVERVIEW 5. OUR STRENGTH 6. FUTURE OUTLOOK 7. COVID-19 UPDATE I&M Rwanda - Investor Briefing - FY & Q4 2019 2
Slide 3: Macro-Economic Review & Outlook
MACRO-ECONOMIC REVIEW & OUTLOOK
Slide 4: Economic Review – Global
ECONOMIC REVIEW – GLOBAL GLOBAL GROWTH • According to the World Bank, the global economy noted a deceleration in 8 2019 with growth estimated at 2.4 percent – its slowest expansion rate 7 since the global financial crisis. This is a consequence of rising trade 6 barriers; elevated uncertainty surrou
Slide 5: Rwanda Business Environment
RWANDA BUSINESS ENVIRONMENT
Slide 6: Rwanda – Country Profile & Business Environment
RWANDA – COUNTRY PROFILE & BUSINESS ENVIRONMENT COUNTRY PROFILE Business Environment Area 26,338 sq. km • Ranked 2nd Best destination to do business in Africa by the World Population 12,374,397 (2019 proj) Bank 2020 Doing Business Report & 38th Globally. Capital Kigali • Rwanda is marked by Good gov
Slide 7: Rwanda – Country Profile & Business Environment
RWANDA – COUNTRY PROFILE & BUSINESS ENVIRONMENT Q4 2019 GDP growth and its drivers GDP growth 9.8% Rwanda’s GDP at current market prices in 2019 was estimated at Frw Total budget (FY 19/20) FRW 3,017.1bn 9.105Billion, a growth of 9.8% compared to 2018, as a result of good Expenditure (% of GDP) 26%
Slide 8: Rwanda – Key Economic Indicators
RWANDA – KEY ECONOMIC INDICATORS Inflation Development Trade Structure Headline Core • The country remains a net importer, with imports growing by 10.6% in 7 2019. 4.2 1 • Rwanda’s exports grew by 3.8% in 2019 - Driven by good performance of non-traditional exports (+10.1%) and re-exports 2017H1 201
Slide 9: Rwanda – Banking Sector Overview
RWANDA – BANKING SECTOR OVERVIEW OVERVIEW Banking Sector • The sector is comprised of 11 Commercial Banks, 3 Micro 3,476 finance banks, 1 Development Bank & 1 Cooperative Rwf ‘Billions 3,091 Bank. 2,686 2,380 • Loans & Advances remains the largest component of Bank’s 2,190 2,133 2,084 Assets at 57.4
Slide 10: Our Bank
= Dd OF KENYA ¢ TANZANIA ¢ RWANDA ¢ MAURITIUS OUR BANK
Slide 11: Financial Overview – Income Statement
FINANCIAL OVERVIEW – INCOME STATEMENT Rwf ‘Billions CIR Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 67% Net Interest Income 11.3 13.9 17.5 20.2 21.9 64% 61% Fees &Commissions 3.3 3.1 2.7 2.4 2.2 58% 58% Total Revenue* 19.9 21.4 23.5 25.7 27.4 Total OPEX (12.7) (12.9) (13.7) (14.9) (18.4) 2015 2016 2017 2018
Slide 12: Financial Overview – Balance Sheet
FINANCIAL OVERVIEW – BALANCE SHEET 318 294 275 260 243 239 Rwf ‘Billions 231 225 209 206 176 172 172 169 161 148 147 137 111 94 43 40 35 30 24 2015 2016 2017 2018 2019 Shareholders Equity Net Loans Total Deposits Total Liabilities Total Assets Loan-to-Deposit Ratio CAGR – 5YEAR 300 75% 76% 250 74% 7
Slide 13: Financial Overview – Industry Review
FINANCIAL OVERVIEW – INDUSTRY REVIEW As at 31 December 2019 Industry I&M Bank Rwanda CAR (Tier 2) 24.1% 18.27% NPL Ratio 4.9% 2.54% LCR 215% 229% NSFR 111% 153% Loan-to-Deposit ratio 95.2% 70.6% ROAE 12.5% 15.2% ___________________________ Source: BNR – Statistics Department I&M Rwanda - Investor Br
Slide 14: Business Overview
= Dd OF KENYA ¢ TANZANIA ¢ RWANDA ¢ MAURITIUS BUSINESS OVERVIEW
Slide 15: Customer Segmentation
CUSTOMER SEGMENTATION I&M Rwanda - Investor Briefing - FY & Q4 2019 15
Slide 16: Recent Developments
RECENT DEVELOPMENTS OUR CARDS & DIGITAL OFFERING • The first multi-currency travel card in Rwanda - MasterCard • Automated Deposit-taking machines & Mobile ATM MSME VALUE PROPOSITION – END-TO-END REVIEW • Customer value propositions • Products • Business model & Sales strategy • Credit Risk Manageme
Slide 17: You'll Love the Difference
YOU’LL LOVE THE DIFFERENCE I&M Rwanda - Investor Briefing - FY & Q4 2019 17
Slide 18: Future Outlook
= Dd OF KENYA ¢ TANZANIA ¢ RWANDA ¢ MAURITIUS FUTURE OUTLOOK
Slide 19: 5-Year Strategic Objectives
5-YEAR STRATEGIC OBJECTIVES I&M Rwanda - Investor Briefing - FY & Q4 2019 19
Slide 20: Loving the Difference
LOVING THE DIFFERENCE I&M Rwanda - Investor Briefing - FY & Q4 2019 20
Slide 21: COVID-19 Update & Strategy
= Dd OF KENYA ¢ TANZANIA ¢ RWANDA ¢ MAURITIUS COVID-19 UPDATE & STRATEGY
Slide 22: Update & Strategy
UPDATE & STRATEGY OPERATIONS EMPLOYEES • Ensuring business continuity and operations 24/7. • Additional centers added to existing BCP center to ensure business continuity and adhere to the health official’s • Implementation of BCP policy recommendation to prevent the spread of the disease. • Onboard
Slide 23: Disclaimer
= Dd OF KENYA ¢ TANZANIA ¢ RWANDA ¢ MAURITIUS DISCLAIMER
Slide 24: Important Notice & Forward-looking statements
Important Notice & Forward-looking statements This presentation is based on I&M Bank Rwanda Plc (the “Bank)’s reviewed financial results for the period ended 31 December 2019. The Bank has obtained some information in this presentation from sources it believes to be reliable. Although I&M Bank Rwand
Slide 25: Abbreviations
ABBREVIATIONS Financial Institution CAR Capital Adequacy Ratio AFDB African Development Bank CRR Capital Requirements Regulation BNR National Bank of Rwanda EPS (Basic) Earnings per Share CMA Capital Markets Authority FY Financial Year GCR Global Credit Rating LCR Liquidity Coverage Ratio IMR I&M Ba
Slide 26: Contact Information
CONTACT INFORMATION For further information, please contact Robin BAIRSTOW Iddy RUGAMBA Hugues M. KAYIGAMBA Managing Director Company Secretary Investor Relations E: invest@imbank.co.rw E: invest@imbank.co.rw E: invest@imbank.co.rw Visit our website: www.imbank.com/rwanda I&M Rwanda - Investor Brief
Slide 27: Thank You
iSIMIBank PLC KENYA ¢ TANZANIA #© RWANDA © MAURITIUS THANK YOU www.imbank.com/rwanda