Sterling Financial Holdings Company Limited · NSENG:STERLINGNG
Sterling Financial — Investor Presentation (September 2025)
44 slides from Sterling Financial's investor presentation, September 2025
Slide 1: Investor Presentation September 2025
Investor Presentation September 2025 Strictly Private and Confidential
Slide 2: Table of Contents
TABLE OF CONTENTS 01 The Sterling Story 02 Group Overview 03 Operating Environment 04 Financial Performance 05 The Offer 06 Appendices
Slide 3: The Sterling Story
The Sterling Story Strictly Private and Confidential
Slide 4: Who We Are: Vision, Mission, Purpose
Who We Are Our Vision Our Mission “to become the “to deliver financial solutions that institution of enhance choice” stakeholders ‘ by embedding value". ourselves in the daily lives of our customers through technology, trust, Our Purpose and innovation. "enrich lives" Strictly Private and Confidenti
Slide 5: Our Evolution
Our Evolution Low Branch Network A merger of five banks to birth Sterling Magnum Trust Bank of NAL Bank Indo-Nigerian NBM Bank Weak Customer Base Trust Bank Africa Ltd. Plc Merchant Bank Low Brand Visibility Deposit Book Concentration 2006 - 2011 |The Birthing Process Low Capital Base We navigated t
Slide 6: Our Evolution
Our Evolution 2020 - 2022 2024 • Completed the first phase of recapitalizing • Expanded our product bouquet. 2013 - 2014 2016 • Achieved 50% of our HQ solarization our banking subsidiaries through a N75bn • Raised N12.1 billion in equity private placement and N28.79bn rights • Deployed new Core bank
Slide 7: Our Evolution Beyond Banking
Our Evolution We did not just want to enable payments Beyond Banking or savings but wanted to be architects of powered dreams, empowered businesses and prosperity for our country. We challenged conventions and embraced A few years ago, we set out on one of digital transformation long before it the m
Slide 8: Our Strategy
Our Strategy Manage risk, balance sheet Create a learning Optimize operations and Deliver excellent customer and capital to deliver organization to optimize technology to drive better service and drive efficiency superior returns to productivity control, manage costs, and sales through robust shareh
Slide 9: Our Roadmap
Our Roadmap Focus on Sustainable Business Lines By educating our people, We are making we are building a We remain committed to We are building our significant investments knowledgeable partnering to build our institutions to cater in technology institution, able to cater business in different intel
Slide 10: Group Overview
Group Overview Strictly Private and Confidential
Slide 11: Group Overview
Group Overview ▪ Sterling Financial Holdings Company PLC (the “Group”) is a leading financial services group headquartered in Lagos, Nigeria, offering conventional and specialized banking as well as asset management services, through its subsidiaries, Sterling Bank, Alternative Bank, and Sterling FI
Slide 12: Business Highlights
Business Highlights Our performance in 2025 is reflective of our resilient business model in a challenging environment Overview of The Bank’s Performance as at FY 2024 MT€ $ ¥ Total Assets Loans and Advances Customer Deposits Net Operating Income Profit Before Tax Profit After Tax Gross Earnings ₦3.
Slide 13: Share Performance and Dividend Trend
Share Performance and Dividend Trend Returns on STERLINGNG have seen a rebound since it transitioned to a Holding Company Dividend (N) Share Price (N) 0.18 7.80 0.15 5.60 4.29 ₦274bn 0.10 1.90 2.04 1.90 1.40 1.51 0.05 0.03 ₦3.05tn 0.02 2018 2019 2020 2021 2022 2023 2024 August 2025 2018 2019 2020 20
Slide 14: Key Business Segments
Key Business Segments 409 7.7k+ 4.6m+ 160 3,457 4.8m+ 5,300 132K 21 151 702 894k ATM POS USSD Users Branches Professional Customers Terminal POS USSD Users Branches Wakeel Outlets Professional Customers Staff Terminal Staff Excellence in HR Highest Impact on Youth, Best MSME Financial Communication
Slide 15: Key Business Segments: Sterling Bank
Key Business Segments Sterling Bank, our flagship commercial banking arm, continues to prioritize the HEART sectors - Health, Education, Agriculture, Renewable Energy, and Transportation, while maintaining strong growth momentum across key financial metrics. Half- Year 2025 Financial Performance Tot
Slide 16: Key Business Segments: Alternative Bank
Key Business Segments Alternative Bank (AltBank), our specialized banking subsidiary, is the nation’s leading non-interest bank, founded on the pillars of ethics, sustainability, and innovation. In just two years of operations, AltBank has redefined banking by delivering cutting-edge digital solutio
Slide 17: Sterling's Social Impact Credentials
Sterling’s Social Impact Credentials We continue to maintain high sustainability standards combined with world class employee practices Strong sustainability and impact credentials – convener of the Africa Social Impact Summit (ASIS) and Agriculture Summit Africa (ASA). Focused on bolstering partner
Slide 18: Sterling's Social Impact Credentials
Sterling’s Social Impact Credentials Driving impact across multiple touch points with proven achievements Hosted the first National Sustainability Week: • Engaged 800+ entrepreneurs via the Green Innovation Challenge. • Reached 1 million+ people on social media. $100+ million in agriculture investme
Slide 19: Sterling's Social Impact Credentials: DEI
Sterling’s Social Impact Credentials At Sterling, diversity, equity, and inclusion are not just policies, they are part of who we are. We’ve built a culture where every individual is valued, respected, and empowered to thrive. Our commitment goes beyond compliance, embedding DEI into our culture, op
Slide 20: Our Leadership: Group Board
Our Leadership Our board members bring diverse expertise and visionary leadership Yemi Adeola Yemi Odubiyi Olayinka Oni Abubakar Suleiman Shola Adekoya Aisha Bashir Eniye Ambakederemo Ashutosh Kumar Group Chairman Group Chief Executive Executive Director Non-Executive Director Non-Executive Director
Slide 21: Our Leadership: Management
Our Leadership Strong management with the capability to deliver the long-term vision Adebimpe Olambiwonnu Olufunmilayo Lewis Temi Dalley Vivienne Nwankwu Group Chief HR Officer Ibidapo Martins Olusola Olubi Chief Financial Officer Group Chief Risk Officer Group Chief Compliance Officer Group Chief M
Slide 22: The Board of Sterling Bank Limited (1/2)
Our Leadership The Board of Sterling Bank Limited (1/2) Olatunji Mayaki Olaitan Kajero Tairat Tijani Michael Jituboh Folashade Kilaso Michael Ajukwu Chairman Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Independent Non-Executive Director ▪ 30+ years’ ex
Slide 23: The Board of Sterling Bank Limited (2/2)
Our Leadership The Board of Sterling Bank Limited (2/2) Professor Olayinka David-West Olusola Oworu Abubakar Suleiman Tunde Adeola Raheem Owodeyi Independent Independent Non-Executive Director Non-Executive Director Managing Director Executive Director Executive Director ▪ About 30 years’ experience
Slide 24: The Board of Alternative Bank Limited (1/2)
Our Leadership The Board of Alternative Bank Limited (1/2) Muhtar Bakare Abdulmumin Ali Umma Aminu Dutse Emmanuel Onasanya Yemi Odubiyi Chairman Independent Director Independent Director Non-Executive Director Non-Executive Director ▪ 30 years+’ experience across ▪ Over 30 years’ experience ▪ 30+ ye
Slide 25: The Board of Alternative Bank Limited (2/2)
Our Leadership The Board of Alternative Bank Limited (2/2) Korede Morenikeji Folawiyo Temitayo Adegoke Hassan Yusuf Garba Mohammed Demola-Adeniyi Non-Executive Director Non-Executive Director Managing DIrector Executive Director Executive Director ▪ Over 30 years of ▪ Over 20 years of ▪ Over 30 year
Slide 26: Operating Environment
Operating Environment Strictly Private and Confidential
Slide 27: Nigerian Macroeconomic Environment
Nigerian Macroeconomic Environment The Nigerian economy has shown resilience, supported by sustained GDP growth, moderating inflation, stable exchange rates, and improved foreign reserves. Y-o-Y GDP Y-o-Y GDPGrowth (%) Growth (%) GDP Sector Contribution GDP Sector Contribution(%) (%) –– Q1’2025 Q1’2
Slide 28: Regulatory Overview of the Banking Sector in Nigeria
Regulatory Overview of the Banking Sector in Nigeria In 2024, the regulatory landscape witnessed notable changes, ranging from managerial changes at the CBN to the consequent shift to orthodox monetary policies. In 2025, the transformation continues with strategic regulatory reforms aimed at enhanci
Slide 29: Financial Performance
Financial Performance Strictly Private and Confidential
Slide 30: Sustainable Financial Growth
Sustainable Financial Growth Over the last decade, Sterling has consistently delivered strong and accelerating performance, driving significant value for shareholders. Share Price (N) Gross Earnings (N’bn) Profit After Tax (N’bn) Customer's Deposits (N’bn) 337.19 2,776 Dec. 2025 12 43.7 41.8 2,518 2
Slide 31: Balance Sheet Snapshot: Stability and Strength
Balance Sheet Snapshot – resilient balance sheet anchored on stability and strength Total Assets (₦’bn) Total Liabilities (₦’bn) 4,082 3,707 3,542 3,237 2,531 2,347 1,855 1,704 1,624 1,488 1,292 1,163 2020 2021 2022 2023 2024 H1 2025 2020 2021 2022 2023 2024 H1 2025 Shareholders Equity (₦’bn) and Re
Slide 32: Balance Sheet Snapshot: Funding Base and Loan Portfolio
Balance Sheet Snapshot – Solid funding base, healthy loan portfolio with NPL below industry average Funding Base (₦’bn) Asset Composition (₦’bn) 375 286 288 405 280 247 343 184 698 286 262 217 243 298 882 154 643 163 247 141 176 136 105 2814 215 486 63 159 2584 137 110 129 106 364 1104 1183 1843 79
Slide 33: Income Statement Snapshot
Income Statement Snapshot – Sustained earnings momentum driven by diversification Gross Earnings (₦’bn) PBT vs. PAT (₦’bn) 45.8 45.6 43.7 41.8 337 Profit before tax Profit after tax 222 214 22.7 21.6 20.7 19.3 175 150 16.1 15 140 12.4 11.2 2020 2021 2022 2023 2024 H1 2025 2020 2021 2022 2023 2024 H1
Slide 34: FY 2025 Guidance
FY 2025 Guidance Sterling is well positioned for a strong 2025, with projections indicating solid growth in earnings, profitability, and balance sheet strength. This positive outlook underscores sustained momentum and reinforces the Group’s capacity to deliver long-term value creation well beyond 20
Slide 35: The Offer
The Offer Strictly Private and Confidential
Slide 36: CBN Recapitalization Overview and Update
CBN Recapitalization Overview and Update The Holdco has successfully concluded the first phase of its recapitalization exercise, raising a total of N112 billion via a private placement and a rights issue which was significantly oversubscribed. The Proceeds from these issuances have been injected int
Slide 37: Summary of the Offer
Summary of the Offer Further to shareholders’ approval of a $400m capital programme, the Holdco intends to raise up to N88 billion through the Public Offer, to enable it pursue further strategic expansion opportunities. The Offer Use of Net Proceeds (₦’Bn) Sterling Bank Limited N43bn Sterling Financ
Slide 38: Why invest in Sterling?
Why invest in Sterling? Sterling has positioned itself as Nigeria’s leading challenger financial institution, building a sustainable business that will outlive the current owners. AKey Bold Vision for Tomorrow Points Remarkable Growth Trajectory Expanding Scale, Increased Strength This public offer
Slide 39: Appendices
Appendices Strictly Private and Confidential
Slide 40: Appendix A: Historical Income Statement
Appendix A Historical Income Statement Figures in ₦’million 2020 2021 2022 2023 2024 H1 2025 Gross Earnings 140,425 150,153 175,140 221,773 337,192 214,436 Interest Income 111,452 113,000 128,434 156,102 258,818 168,506 Interest expenses (49,305) (45,191) (52,042) (72,718) (124,012) (70,742) Net Int
Slide 41: Appendix B: Statement of Financial Position (1/2)
Appendix B Historical Statement of Financial Position (1/2) ₦'millions 2020 2021 2022 2023 2024 H1 2025 ASSETS Cash and balances with Central Bank of Nigeria 303,314 370,873 431,488 604,599 866,472 760,743 Due from banks 21,084 94,850 86,459 234,953 580,783 760,233 Pledged assets 34,860 10,786 23,09
Slide 42: Appendix B: Statement of Financial Position (2/2)
Appendix B Historical Statement of Financial Position (2/2) ₦'millions 2020 2021 2022 2023 2024 H1 2025 LIABILITIES Deposits from banks 21,289 15,568 37,178 - 16,524 299,087 Deposits from customers 950,835 1,208,753 1,327,805 1,842,815 2,568,293 2,776,180 Derivative Financial Liabilities - - - - - -
Slide 43: Disclaimer
▪ This presentation has been prepared by Sterling Financial Holdings Company Plc (referred to as “Sterling” or “the Group” or “We”). It is intended for an audience of professional and institutional investors who are aware of the risks of investing in the shares of publicly traded companies. ▪ The pr
Slide 44: Thank you
Thank you For more details, please contact: Bruke Araromi Bruke.Araromi@sterling.ng Sterling Investor Relations investor.relations@sterling.ng Capital Management Capitalmanagement@sterling.ng Strictly Private and Confidential
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