First Abu Dhabi Bank · ADX:FAB
First Abu Dhabi Bank — Q2/H1 2025 Earnings Presentation
24 slides from First Abu Dhabi Bank's earnings presentation, Jul 23, 2025
Slide 1: Q2/H1’25 Earnings Presentation
Q2/H1’25 Earnings Presentation 23rd July 2025
Slide 2: Disclaimer
Disclaimer The information contained herein has been prepared by First Abu Dhabi Bank P.J.S.C ("FAB"). The information contained in this presentation may not have been reviewed or reported on by the Group's auditors. FAB relies on information obtained from sources believed to be reliable but does no
Slide 3: Opening remarks
HEADLINE Opening remarks
Slide 4: H1’25 key highlights
H1’25 key highlights • Record profitability in H1'25 with net profit of AED 10.63bn (+26% yoy), 20.5% RoTE firmly on track with medium-term guidance. • Maintained strong revenue momentum supported by broad-based business growth, healthy margins, and improved revenue mix. • Expanded scale reflecting
Slide 5: Accelerating growth & innovation as the UAE’s global bank
Accelerating growth & innovation as the UAE’s global bank Broad-based franchise growth Regional leadership with Accelerating AI adoption journey, Operating from a position driven by client-centric solutions global connectivity unlocking measurable value of strength • Double-digit revenue growth and
Slide 6: Upgrading loan growth guidance to reflect healthy pipeline
Upgrading loan growth guidance to reflect healthy pipeline Macro outlook 2025 guidance H1’25 actuals UAE real GDP growth c.5.2% FY25 Scale Loan growth Low double-digit +7% ytd (from high single-digit) ↑ c.5.6% FY26 Cost of Risk <75 bps 51bps Oil Asset Quality c. 67/b USD (2025) Provision > 90% 100%
Slide 7: Financial review
HEADLINE Financial review
Slide 8: Double-digit net profit growth in H1 despite step-up in tax
Double-digit net profit growth in H1 despite step-up in tax Income Statement - Summary (AED Mn) H1'25 H1'24 yoy % PBT at AED 12.83Bn, +29% yoy, driven by strong revenue Net interest Income 9,959 9,787 2 momentum, well-managed expenses and lower impairment charges. Non-interest Income 8,350 5,939 41
Slide 9: Q2’25 PBT up 36% yoy driven by strong revenue growth
Q2’25 PBT up 36% yoy driven by strong revenue growth Income Statement - Summary (AED Mn) Q2'25 Q1’25 qoq % Q2’24 yoy % PBT at AED 6.71Bn, +36% yoy, +10% qoq driven by strong Net interest Income 4,953 5,006 (1) 4,928 1 revenue momentum across geographies, divisions and sources Non-interest Income 4,5
Slide 10: Revenue delivered through a diversified franchise
Revenue delivered through a diversified franchise By division,... Personal, Business, Wealth & Privileged Investment Banking & Markets (AED Bn) Wholesale Banking (AED Bn) Client Banking Group (AED Bn) 6.1 ↑ 17% yoy ↑ 12% yoy 6.3 ↑ 12% yoy 5.7 5.2 3.0 2.7 H1'24 H1'25 H1'24 H1'25 H1'24 H1'25 …geograph
Slide 11: Strong business momentum drives NII higher
Strong business momentum drives NII higher Net Interest Income (AED Mn) Strong NII performance in H1’25 led by robust balance sheet qoq ↓1%, yoy ↑1% yoy ↑2% growth. 9,787 9,959 4,928 4,936 5,006 4,953 4,890 Net Interest Margin (NIM) was 1.88% over H1’25, 6bps lower yoy reflecting the impact of lower
Slide 12: Strong NFI trajectory reflects franchise strength
Strong NFI trajectory reflects franchise strength Non-Interest Income trend (AED Bn) FX and Other Investment Income, net (AED Mn) GM Sales GM Trading Treasury and other yoy ↑30% 4.5 5,058 qoq ↑16%, yoy ↑48% 2,715 3,878 1,755 2,344 1,831 1,019 1,440 3.8 1,621 1,733 736 581 2,032 531 539 1,557 932 1,0
Slide 13: Continued AI and technology investments
Continued AI and technology investments Opex drivers (AED Mn) Cost-to-Income Ratio yoy ↑4% 21.8% (H1’24: 24.4%) +131 +24 +2 3,999 Operating expenses at AED 4.0Bn, up 4% yoy and against revenue growth of 3,842 16%, reflecting ongoing business growth and investments, partially offset by productivity s
Slide 14: Strong balance sheet momentum
Strong balance sheet momentum Movements in Gross Loans by Counterparty (AED Bn) Movements in Deposits by Counterparty (AED Bn) +62 +13 +13 +2 +5 +5 +18 (23) (2) 588 (26) 813 782 551 +37Bn +31Bn ↑ 7% ytd ↑ 4% ytd Dec'24 Corp/ Banks Govt GREs Personal/ Jun'25 Dec'24 Corp/Pvt Personal/ GREs Govt CDs Ju
Slide 15: Solid asset quality metrics
Solid asset quality metrics Impairment charges, net (AED Mn) & CoR1 (bps) NPLs2 and ECLs3 (%) CoR (L&A) (bps) Provision Coverage (%) NPL Ratio (%) 84 100 96 95 96 98 74 76 51 63 51 51 3.7 3.8 3.4 3.3 yoy ↓23% 2.8 qoq ↑4%, yoy ↓16% 1,920 NPLs (AED Bn) Provisions (AED Bn) 19.4 18.7 20.4 19.3 18.5 17.7
Slide 16: Solid capital position
Solid capital position CET1 ratio progression CET1, Tier 1 and CAR trends (%) 18.0% 17.4% 17.5% CAR 17.2% 16.9% 15.0% 15.9% Tier 1 15.7% 15.4% Cash DPS: 15.1% 14.9% +81bps -76bps 75 fils 14.3% AED 8.3Bn 13.7% 13.5% -14bps 13.4% 14.0% CET1 13.7% 13.5% 13.4% Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 FAB’s mi
Slide 17: Wrap-up
Wrap-up • Record profitability in H1'25 with net profit of AED 10.63bn (+26% yoy), 20.5% RoTE firmly on track with medium-term guidance. • Maintained strong revenue momentum supported by broad-based business growth, healthy margins, and improved revenue mix. • Expanded scale reflecting momentum both
Slide 18: Appendix – Q2/H1’25 results
HEADLINE Appendix – Q2/H1’25 results
Slide 19: Q2/H1’25 highlights – Group financials
Q2/H1’25 highlights – Group financials Income Statement - Summary (AED Mn) Q2’25 Q1’25 qoq % Q2’24 yoy % H1’25 H1’24 yoy % Net interest Income 4,953 5,006 (1) 4,928 1 9,959 9,787 2 Non-interest Income 4,542 3,808 19 2,827 61 8,350 5,939 41 Operating Income 9,495 8,814 8 7,755 22 18,309
Slide 20: Segmental overview
Segmental overview Personal, Business, Wealth & Privileged Client Banking Investment Banking & Markets (IB&M) Wholesale Banking (WB) Group (PBW&PCBG) P&L Summary P&L Summary P&L Summary H1'25 H1’24 yoy % H1'25 H1’24 yoy % H1'25 H1’24 yoy % (AED Mn) (AED Mn) (AED Mn) Net interest Income 2,905 2,808
Slide 21: A well-diversified, high-quality loan book
A well-diversified, high-quality loan book Gross loans trend (AED Bn) Gross loans by product (AED Bn) 551 588 ytd ↑7%, yoy ↑10%, qoq ↑3% 2.0 Gross Islamic financing 1.7 29.9 5.6 Vehicle financing loans 30.1 5.5 588 50.5 70.6 534 550 551 571 Credit Cards 19.5 20.2 Personal Loans Trade related loans 4
Slide 22: Strong and diversified liquidity profile
Strong and diversified liquidity profile Customer deposits trend (AED Bn) Customer deposits by geography (%) ytd ↑4%, yoy ↑6%, qoq ↓3% GCC 1% UAE 76% 839 813 Jun’25 Asia 3% 820 813 766 782 Europe 11% (AED Bn) MENA (ex-GCC) 3% CASA 355 374 46% 360 46% 376 401 46% 45% 49% Americas 6% Jun'24 Sep'24 Dec
Slide 23: High-quality and diversified investment portfolio
High-quality and diversified investment portfolio Investments by type Investments by ratings Jun’25 Jun’25 Dec’24 Jun’25 Jun’25 Dec’24 AED 280Bn AED 280Bn FVTPL - Debt 24% 20% 14% 11% AAA AA 42% 41% Dec’24 FVTPL - Equity & Funds 3% 2% Dec’24 AED 248Bn AED 248Bn A 16% 20% Amortised Cost (Debt Inv) 1%
Slide 24: For more information, contact FAB Investor Relations
For more information, please visit www.bankfab.com or contact FAB Investor Relations team at ir@bankfab.com You can also download FAB’s Investor Relations App from App Store / Google Play to access latest corporate updates 2024 Annual FAB’s Nature Report 2023-24 Sustainable Report 2024 Finance Repor
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