Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — Q1 2019 Earnings Presentation
31 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, 2019
Slide 1: Investor Relations Presentation 1Q2019
INVESTOR RELATIONS PRESENTATION 1Q2019
Slide 2: Table of Contents
TABLE OF CONTENTS Overview …… 4 About CIB …… 10 Financial Review …… 25 Conclusion …… 30
Slide 3: Disclaimer
Overview | About CIB | Financial Review | Conclusion Disclaimer By attending the meeting where this presentation is made or distributed, or by reading the presentation slides, you agree with the following limitations: • The information in this presentation may contain future projections and forward‐
Slide 4: Egypt's Fact Sheet
Overview | About CIB | Financial Review | Conclusion Egypt’s Fact Sheet Country Profile Diversified Economy¹ Name Arab Republic of Egypt Capital Cairo Currency Egyptian Pound (EGP) Total area c.1,002,000 sqm.km Inhibited area 7.88% of total area Governorates 27 Favorable Demographics Population 98.6
Slide 5: Macro-Environment - Real Sector
Overview | About CIB | Financial Review | Conclusion Macro-Environment- Real Sector Real GDP Growth* (%) Inflation (%) Reform-led boom Core Inflation (%) Headline Inflation (%) 8.0% 7.2% 80% 7.1% Global Financial Crisis 35.3% 34.9% 33.3% 7.0% 70% 32.0% 30.5% 6.0% 5.2% 60% 25.5% 5.1% 5.0% 4.7% 50% 5.
Slide 6: External Sector (BOP)
Overview | About CIB | Financial Review | Conclusion External Sector (BOP) Tourism and Remittance proceeds (USD mn) FDI (USD mn) 26,393 23,636 12,000 21,816 30,000 19,330 18,519 17,077 15,724 25,000 7,933 7,720 20,000 8,000 6,933 6,380 9,804 7,370 15,000 4,400 4,178 5,073 3,753 4,380 3,768 10,000 4,
Slide 7: Egypt's Banking Sector
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector Total loans (EGP bn) Total deposits (EGP bn) LDR (%) 1,807 1,619 3,837 49% 49% 3,569 46% 46% 45% 47% 44% 1,418 41% 41% 3,042 937 2,123 714 1,740 584 1,434 503 545 1,191 471 965 1,027 10/11 11/12 12/13 13/14 14/15 15/16 16/17
Slide 8: Egypt's Banking Sector (Cont'd)
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector (Cont’d) Total # of branches Total # of ATMs Total # of POS 1-Dec 4,220 Dec'18 12,200 Dec'18 77,479 17/18 4,155 17/18 11,754 17/18 72,503 16/17 4,009 16/17 10,701 16/17 68,630 15/16 3,882 15/16 9,031 15/16 64,349 14/15 3,766
Slide 9: Why Egypt?
Overview | About CIB | Financial Review | Conclusion Why Egypt? Economic Environment Attracts Investments Among the most diverse in the MENA region Approved IMF Loan signaling a tremendous confidence boost in Egypt's ability to release its New Suez Canal economic potential in a sustainable way New C
Slide 10: CIB's Key Milestones
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones 1st joint venture Following Chase Egypt’s largest 1st Egyptian bank 1st private sector • Only bank in Egypt bank in Egypt; Manhattan local bank IPO, to have a GDR bank with to be awarded JP • RW led consortium Chase National d
Slide 11: CIB's Key Milestones (Cont'd)
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones (Cont’d) • 2nd consecutive year to be named 1st Egyptian bank to establish • Launched mobile banking • Actis Sold 2.6% in open market in ‘World’s Best Emerging Markets Bank’, a Sustainable Development application March, then s
Slide 12: CIB's Associates & Subsidiaries
Overview | About CIB | Financial Review | Conclusion CIB’s Associates & Subsidiaries Ownership 32.5% Ownership 23.5% Profile: Offers a full suite of security services; Profile: an “Agent Bank” financial services; Registration Private Premises Cash-in- Loans and Retail Cash and security protection Tr
Slide 13: Our Presence in Egypt
Overview | About CIB | Financial Review | Conclusion Our Presence in Egypt CIB’s footprint Digital Banking Initiatives Distribution Network Digital Banking Highest Activity Rate amongst 16 other wallets in the Egyptian market reaching 17% CIB recognized as Financial Inclusion Champion 202 Total
Slide 14: CIB's Presence in Africa
Overview | About CIB | Financial Review | Conclusion CIB’s Presence in Africa CIB foresees tremendous growth across the continent and is working towards increased collaboration among African countries, financial institutions and individuals to expand markets and to bolster trade. Smart Africa: CIB i
Slide 15: Lines of Business and Credit Rating
Overview | About CIB | Financial Review | Conclusion Lines of Business and Credit Rating Profile Institutional Banking Consumer Banking • Market leader • The take-off for a world class consumer banking Profile • Prime contributor to profitability franchise • Large and medium-size corporates (MNCs, i
Slide 16: Business Banking
Overview | About CIB | Financial Review | Conclusion Business Banking Covers all sectors and industries through over 70 highly trained Relationship Serves SMEs through a comprehensive range of financial solutions Managers across Egypt 2010 2011 2013 2015 2016 2017 2018 2019 Pilot launch Formal launc
Slide 17: Our Stock in a Nutshell
Overview | About CIB | Financial Review | Conclusion Our Stock in a Nutshell STOCK EXCHANGES TICKER SHARE INFORMATION 52 WEEKS PERFORMANCE Listed Egyptian Stock Exchange (EGX) COMI Shares outstanding 1,458,540,800 High EGP 76.55 Listed London Stock Exchange (LSE) CBKD Par value EGP 10.00 Low EGP 53.
Slide 18: Shareholding Structure
Overview | About CIB | Financial Review | Conclusion Shareholding Structure Free Float by Region North America (58.46%) Africa (12.78%) GCC (9.83%) UK & Ireland (7.55%) Continental Europe (7.02%) Rest of the World (4.36%) Free Float by Category Institutions (92.53%) Free Float (93.4%) Fairfax (6.6%)
Slide 19: Corporate Governance
Overview | About CIB | Financial Review | Conclusion Corporate Governance Commitment to Sound Corporate Governance Practices Continues to Define CIB This commitment is supported by several mandates: The Board’s main responsibilities include: Internal policies, risk controls, and manuals have been pu
Slide 20: Board of Directors
Overview | About CIB | Financial Review | Conclusion Board of Directors CIB’s Board consists of 9 members; The Board and its committees are governed by well-defined charters that sets out its responsibilities and composition requirements 7 are non-executive and 5 are independent* The Board is suppor
Slide 21: Our Strategy
Overview | About CIB | Financial Review | Conclusion Our Strategy Today Tomorrow Financial Quality loan growth, • Positioned as trade finance hub for Egypt & Africa Deposit growth, with focus on Transactional banking • Focus on SMEs & underpenetrated retail banking segment Performance increasing pro
Slide 22: Business Continuity & Resilience Management
Overview | About CIB | Financial Review | Conclusion Business Continuity & Resilience Management Initiatives Pioneer in implementing international standards and best practices; established in 2010; ahead of all major players in the market CIB continues to invest in further improving its business con
Slide 23: Cyber & Information Security
Overview | About CIB | Financial Review | Conclusion Cyber & Information Security Initiatives Security is a major area of focus for CIB Strong Security Governance & policies aligned with International Standards and Best Practices CIB continues to invest in further improving its Cyber & Information S
Slide 24: Awards and Recognition
Overview | About CIB | Financial Review | Conclusion Awards and Recognition 2019 Best Bank for Payments Best Treasury & Cash Best Trade Finance & Collections in the Management Providers Best Bank in Egypt - by Provider in Egypt - Middle East - by Global in Egypt - by Global Global Finance by Global
Slide 25: Performance Snapshot: 1Q2019
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: 1Q2019 Key Indicators 1Q19 Comparison Commentary REVENUES EGP 5.60bn EGP 4.15bn; 1Q18 35% YoY Profitability NPAT EGP 2,642mn EGP 2,021mn; 1Q18 31% YoY ROAE 29.0% 28.7%; 1Q18 1% YoY ROAA 3.04% 2.67%; 1Q18 14% YoY Efficiency NI
Slide 26: Performance Snapshot: Funding Overview
Overview | About CIB | Financial Review | Conclusion Performance Snapshot :Funding Overview Funding Structure Due to Customers (93.71%) Other Liabilities (4.07%) Other Term Loans (1.15%) Due to Banks (1.07%) Customer Deposit Mix Demand (32.34%) CDs (28.99%) Savings (22.16%) TDs (14.94%) Other (1.57%
Slide 27: 10-Year Performance Summary
Overview | About CIB | Financial Review | Conclusion 10-Year Performance Summary 2.89% 2.92% 2.93% 2.94% 2.95% 3.03% 2.71% 2.69% 2.51% 57.5% 37.3% 55.5% 53.2% 2.03% 50.2% 35.3% 36.8% 342,461 43.2% 40.0% 36.6% 106.38 294,782 85,506 267,544 75,425 88.4 64,255 85.4 71.5 179,500 56.8 63.4 48.8 54.6 143,
Slide 28: Position Among Peers
Overview | About CIB | Financial Review | Conclusion Position Among Peers Total Assets (EGP bn) Net Income (EGP mn) Gross Loans/Deposits CAE 54 CAE 2,200 CIB 41.9% Alex 95 Alex 3,025 HSBC 46.0% HSBC 101 HSBC 4,815 CAE 49.1% AAIB 206 AAIB 4,735 Alex 50.4% QNBA 253 QNBA 6,918 AAIB 52.8% CIB 342 CIB 9,
Slide 29: Market Share
Overview | About CIB | Financial Review | Conclusion Market Share 8.58% 8.52% 8.54% 8.57% 8.47% 8.45% 8.52% 8.43% 8.45% 8.45% 8.40% 8.36% 8.32% 8.25% 8.28% 8.27% 8.35% 8.37% 8.22% 8.18% 8.12% 8.09% 8.06% 7.95% 7.90% 7.99% 7.75% 7.80% 7.67% 7.65% 8.18% 7.66% 7.65% 7.70% 7.68% 7.70% 7.51% 7.56% 7.53%
Slide 30: Why CIB?
Overview | About CIB | Financial Review | Conclusion Why CIB? Profitability NPAT EGP 2,642mn Revenues EGP 5,600mn Asset Quality Extremely skilled Highly qualified Among the best and experienced Board of Directors Investor Relations NPL/Gross loans 4.99%* Direct Coverage Ratio Management Team teams 1
Slide 31: Thank You!
Overview | About CIB | Financial Review | Conclusion Thank You! For more information, please visit our website; www.cibeg.com To read about the projects that the CIB Foundation has helped support, and to know ways in which you can donate, please visit www.cibfoundationegypt.org Investor Relations co
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