Abu Dhabi Commercial Bank · ADX:ADCB
Abu Dhabi Commercial Bank — Abu Dhabi Commercial Bank PJSC — Q2 2026 Earnings Presentation
41 slides from Abu Dhabi Commercial Bank's earnings presentation, September 2026
Slide 1: Second quarter 2026 Investor presentation
ABU DHABI COMMERCIAL BANK PJSC adcb.com/ir Second quarter 2026 Investor presentation September 2026 Second Quarter 2026 Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation is not an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information only. This presentation does not contain all of the information that is material to an investor. By reading the presenta
Slide 3: Table of contents
Table of contents 1. ADCB overview 4 2. UAE – Economic landscape 9 3. Financial highlights 12 4. AI/digital transformation and ESG updates 28 5. Management guidance 33 6. Appendix 35 Second Quarter 2026 Investor Presentation
Slide 4: 1. ADCB overview
1. ADCB overview Second Quarter 2026 Investor Presentation
Slide 5: ADCB at a glance: third-largest bank by total assets in the UAE
ADCB OVERVIEW ADCB at a glance Third-largest bank by total assets in the UAE 7.607 bn 16.2% H1’26 profit before tax (AED) Market share — net loans(3) +28% YoY 114 bn Shareholding structure(1) 14.3% 70% Market capitalisation (AED)(1) Mubadala(2): 60.77% Market share — deposits(3) Total domestic loans
Slide 6: Strong financial performance and engagement driving ratings strength
ADCB OVERVIEW Strong financial performance and ongoing proactive engagement is driving ratings strength Credit ratings ESG ratings A+/Stable/A-1 A+/F1/Stable AA 14.6 Low Risk 12 May 2026 5 May 2026 23 March 2026 15 October 2025 “ ADCB benefits from a leading franchise in the UAE and is the third-lar
Slide 7: Passion for service excellence reflected in NPS score and brand value
ADCB OVERVIEW Passion for service excellence reflected in NPS score and brand value A culture of service and delivery embedded across ADCB Customer journey design CoE Bank-wide NPS (5-Year Trend) 80 Cross-functional centre applying end-to-end 77 73 design methodology. Promotes customer-centric 69 66
Slide 8: ADCB 3-year journey: key financial metrics
ADCB OVERVIEW ADCB 3-year journey: key financial metrics Balance sheet of AED 653 bn, reflecting robust growth in loans & deposits Delivered continued profitability Creating significant shareholder value (AED bn) Book value per share (AED) 567 653 774 13.6% 15.3% 17.3% 8.54 8.08(2) 9.14 Net loans CA
Slide 9: 2. UAE – Economic landscape
2. UAE – Economic landscape Second Quarter 2026 Investor Presentation
Slide 10: UAE macro-economic stability and solid fundamentals
UAE – ECONOMIC LANDSCAPE UAE macro-economic stability and solid fundamentals Global: We expect Fed to remain on pause through end-2026. US: Recession probability has weakened further; AI driven UAE: Oil prices have been volatile on geopolitical We see one further 25 bps hike from ECB and BoE in 2026
Slide 11: Robust investment outlook with higher project awards
UAE – ECONOMIC LANDSCAPE Robust investment outlook with higher project awards UAE: Total project awards solid in 1H 2026, at 63.9% of 2025 UAE: Project awards in the UAE moderated sharply in 2Q 2026, though UAE: Broad-based project award outlook for 2H2026, total; Wait-and-see approach visible in 2Q
Slide 12: 3. Financial highlights
3. Financial highlights Second Quarter 2026 Investor Presentation
Slide 13: Strong growth momentum and record earnings in H1'26
FINANCIAL HIGHLIGHTS Strong growth momentum and record earnings in H1’26 amid a resilient operating environment in the UAE Financial highlights H1’26 key highlights • Profit growth extended to 20 consecutive quarters: • Steady deposit inflows support resilient liquidity Diversified growth by busines
Slide 14: Record H1'26 earnings driven by top-line growth and lower impairment
FINANCIAL HIGHLIGHTS Record H1’26 earnings driven by double-digit top-line growth, operating efficiencies and lower impairment charges Income statement (AED mn) H1’26 H1’25 ∆YoY% Strong H1’26 financial performance (AED bn) Total net interest income(1) 7,471 7,048 6 Profit before tax Operating income
Slide 15: Q2'26 performance marks 20 consecutive quarters of profit growth
FINANCIAL HIGHLIGHTS Q2’26 performance marks 20 consecutive quarters of growth in profit before tax Income statement (AED mn) Q2’26 Q1’26 Q2’25 ∆QoQ% ∆YoY% Q2’26 profit before tax (AED bn) Total net interest income(1) 3,733 3,738 3,655 (0) 2 3.826 +26% YoY +1% QoQ 20 quarters of consecutive growth i
Slide 16: Net interest income up 6% YoY in H1'26 supported by higher volumes
FINANCIAL HIGHLIGHTS Net interest income up 6% YoY in H1’26 supported by higher volumes Net interest income (AED mn) Asset yield (%)(1) Key highlights H1’25 3 rate cuts from H1’26 Sep’25 to Dec’25 • Net interest income higher YoY in H1’26 and Q2’26 5.96 5.29 driven by higher volumes in a lower inter
Slide 17: Non-interest income drives growth and revenue diversification
FINANCIAL HIGHLIGHTS Non-interest income continues to serve as a significant driver of growth and revenue diversification Non-interest income (AED mn) Q2’26 Q1’26 Q2’25 ΔQoQ% ΔYoY% H1’26 H1’25 ΔYoY% Key highlights Net fees and commission income 1,186 938 929 26 28 2,124 1,749 21 • Non-interest incom
Slide 18: H1'26 cost to income ratio improved 90 bps YoY
FINANCIAL HIGHLIGHTS H1’26 cost to income ratio improved 90 bps YoY as revenue growth outpaced increase in operating expenses Operating expenses (AED mn) Cost to income ratio Key highlights • Greater efficiency driven by continued top-line growth combined with cost discipline and productivity gains
Slide 19: Continued balance sheet growth with net loans up 10% YTD
FINANCIAL HIGHLIGHTS Continued balance sheet growth with net loans up 10% YTD and customer deposits up 5% YTD Balance sheet (AED mn) Jun’26 Mar’26 Dec’25 Jun’25 ΔQoQ% ΔYTD% ΔYoY% CET1 ratio CAR Total assets 833,184 808,857 773,654 718,502 3 8 16 13.66% 16.50% 13.82% 13.66% 17.00% 16.95% Net interest
Slide 20: Significant expansion in corporate loan book during H1'26
FINANCIAL HIGHLIGHTS Significant expansion in corporate loan book during H1’26 across diverse economic sectors including GREs and financial institutions Net loans (AED bn) Gross loans by geography (AED bn) Key highlights 423 445 • Net loans increased AED 42 bn (+10%) YTD and 403 24 431 453 AED 22 bn
Slide 21: Propelled by UAE's future roadmap; fostering growth across diverse sectors
FINANCIAL HIGHLIGHTS Propelled by UAE's future roadmap; fostering growth across diverse sectors, paving the way for transformative progress Emirati Mohammed bin Abu Dhabi Environment Vision Plan Abu Dhabi Abu Dhabi Surface Transport Dubai Autonomous Dubai Industrial interplanetary Rashid Al Maktoum
Slide 22: Well diversified and secured real estate portfolio
FINANCIAL HIGHLIGHTS Well diversified and highly secured real estate portfolio with strict internal caps and underwriting policies Commercial real estate investment Total real estate portfolio (% of total gross loans) Portfolio composition Real estate loan classification 39% • Purpose of the loan is
Slide 23: Strong asset quality with cost of risk at 38 bps in H1'26
FINANCIAL HIGHLIGHTS Strong asset quality with cost of risk at 38 bps in H1’26, and NPL ratio at a record low of 1.71% Cost of risk Non-performing loans (AED mn) POCI assets (AED mn) • Net impairment charge in Q2’26 was lower YoY primarily due to higher charges related to a few legacy and NPL ratio
Slide 24: Disciplined risk management driving strong retail portfolio performance
FINANCIAL HIGHLIGHTS Disciplined risk management and underwriting practices driving strong risk performance of the ADCB retail portfolio compared to the market Total portfolio delinquency 30+ DPD Personal loans delinquency 30+ DPD Credit cards delinquency 30+ DPD 4.6% 4.6% 4.1% 4.4% 1.5% 1.6% 1.5% 4
Slide 25: Investment portfolio increased to AED 171 bn
FINANCIAL HIGHLIGHTS Investment portfolio increased to AED 171 bn, up 11% YoY with 99.1% invested in bonds Investment securities (AED mn) Investment securities: AED 170,747 mn(2) Non-Government bond portfolio Domestic 27% Government 66% +11% • Rated A- or better: 93.8% Other GCC countries 21% Public
Slide 26: Continued inflow of customer deposits supporting funding and liquidity
FINANCIAL HIGHLIGHTS Continued inflow of customer deposits, supporting a resilient funding profile and liquidity position Liability mix Customer deposits (AED bn)(1) CASA split by business (AED mn) Customer deposits 71% 500 523 527 Total Contribution to 463 As at 30 Jun 2026 deposits CASA CASA % Gro
Slide 27: Robust capital position provides foundation for continued growth
FINANCIAL HIGHLIGHTS Robust capital position provides a solid foundation for continued growth and disciplined capital deployment Capital adequacy ratio walkthrough (%)(1) 1.30 17.00 (0.30) (0.06) 16.50 1.36 (1.26) 1.16 (0.17) (0.02) 1.85 1.68 13.79 13.66 31-Dec-25 H1’26 net profit Revaluation reserv
Slide 28: 4. AI/digital transformation and ESG updates
4. AI/digital transformation and ESG updates Second Quarter 2026 Investor Presentation
Slide 29: Select AI initiatives in the UAE
AI/DIGITAL TRANSFORMATION & ESG UPDATES Select AI initiatives in the UAE Government-led initiatives sit at the centre of the UAE’s approach to artificial intelligence, providing strategic direction, investment, and enabling infrastructure for economy-wide adoption. Through coordinated policies spann
Slide 30: AI-led transformation programme embedding AI at the core of the business
AI/DIGITAL TRANSFORMATION & ESG UPDATES AI-led transformation programme, embedding artificial intelligence at the core of the Bank’s business model AI transformation programme – a key catalyst to deliver our medium-term strategy Efficiencies & productivity gains by AI Ambition To reinforce strategic
Slide 31: Rapid progress on Group-wide AI and digital transformation
AI/DIGITAL TRANSFORMATION & ESG UPDATES Rapid progress on Group-wide AI and digital transformation ADCB AI use cases Foundational AI capabilities Expanding AI capabilities across the organization Procure to Pay Enterprise Knowledge Board Observer AI capabilities are supporting greater efficiency, pr
Slide 32: 2025 ESG Report published and sustainable finance capabilities enhanced
AI/DIGITAL TRANSFORMATION & ESG UPDATES 2025 ESG Report published and sustainable finance capabilities enhanced • Published the Bank’s 2025 ESG Report informed by IFRS S1 4th globally in Bloomberg ESG score 2025 ESG Report and S2 standards and ADX ESG guidance ADCB’s Bloomberg ESG score positions th
Slide 33: 5. Management guidance
5. Management guidance Second Quarter 2026 Investor Presentation
Slide 34: Summary and guidance
MANAGEMENT GUIDANCE Summary and guidance Summary Guidance in five-year strategy • Record H1’26 profitability supported by launched in Q1 2025 Full-year 2026 guidance H1'26 actuals strong lending momentum, diversified income streams, enhanced efficiencies and CET1 ratio >12% >12% 13.66% lower cost of
Slide 35: 6. Appendix
6. Appendix Second Quarter 2026 Investor Presentation
Slide 36: Our 10-year journey
APPENDIX Our 10-year journey Dividend per share (AED) Basic earnings per share (AED) Total shareholder return (%)(3) 0.40 0.42 0.46 0.38 0.27 0.37 0.55 0.56 0.59 0.63 0.77 0.80 0.90 0.70 0.51 0.73 0.86 1.07 1.20 1.45 46% 181% 196% 1-year TSR 5-year TSR 10-year TSR (2) 2016 2017 2018 2019 2020 2021 2
Slide 37: Our 10-year journey (continued)
APPENDIX Our 10-year journey (continued) Net profit (AED bn) Operating income (AED bn) Cost to income ratio (%) 11.445 22.18 39.6 19.48 9.419 16.87 8.206 36.3 14.34 34.7 6.434 13.21 33.6 34.1 12.47 12.26 33.1 5.247 32.9 4.840 5.244 9.18 32.3 4.157 4.278 3.809 8.50 8.90 31.0 28.2 2016 2017 2018 2019
Slide 38: Our 10-year journey (continued)
APPENDIX Our 10-year journey (continued) Total assets and net loans and advances (AED bn) Customer deposits and CASA (AED bn) 774 653 567 500 368 498 421 440 302 363 405 411 265 309 268 239 262 251 265 235 258 265 280 157 172 196 196 163 177 112 156 114 155 123 100 102 406 160 302 351 248 244 258 90
Slide 39: Balance sheet as at 30 June 2026
APPENDIX Balance sheet as at 30 June 2026 AED mn Jun’26 Dec’25 ΔYTD% Cash and balances with Central banks, net 56,556 63,019 (10) Deposits and balances due from banks, net 67,158 56,594 19 Financial assets at fair value through profit or loss 28,892 24,622 17 Derivative financial instruments 16,007
Slide 40: Income statement for the six-month period ended 30 June 2026
APPENDIX Income statement for the six-month period ended 30 June 2026 Quarterly trend Half-yearly trend AED mn Q2’26 Q2’25 ΔYoY% H1’26 H1’25 ΔYoY% Interest and income from Islamic financing 8,956 8,637 4 17,502 16,893 4 Interest expense and profit distribution (5,223) (4,982) 5 (10,031) (9,845) 2 Ne
Slide 41: ADCB Investor Relations
ADCB Investor Relations Contact information Click to view our reports For more information, please visit our website: adcb.com/ir 2025 Annual Report 2025 Integrated Report or contact ADCB Investor Relations at ir@adcb.com adcb.com/annualreport adcb.com/integratedreport 2025 ESG Report ADCB Green Bon
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