First Abu Dhabi Bank · ADX:FAB
First Abu Dhabi Bank — First Gulf Bank — Q1 2013 Earnings Presentation
28 slides from First Abu Dhabi Bank's earnings presentation, 2013
Slide 1: First Gulf Bank Profile
First Gulf Bank Profile Based on March’ 2013 Financials 1/28
Slide 2: Agenda
Agenda • General Overview • Financial Review • Business Review • Shareholder Information 2/28
Slide 3: First Gulf Bank Overview
First Gulf Bank Overview Incorporated in 1979 and headquartered in Abu Dhabi. Majority owned by ruling family of Abu Dhabi representing an ownership of 67% Awarded ―The best bank in UAE‖ for 2012 by Euromoney A network of 23 branches across the UAE, with a total staff strength of 1153. The ban
Slide 4: FGB in the UAE Context – 2012
FGB in the UAE Context – 2012 Loans & Advances and Customer Deposits Net Profit ROAA and ROAE Market Capitalisation Source: FGB and other banks’ financial statements 4/28
Slide 5: FGB - Financial Performance Trends
FGB - Financial Performance Trends Total Assets1 Total Equity1 35,000 200,000 175,034 172,957 29,348 30,000 27,742 AED M illions 180,000 26,651 157,480 160,000 24,126 140,758 25,000 22,518 AED M illions 140,000 125,473 120,000 107,522 20,000 16,245 100,000 15,000 80,000 73,198 10,120 60,000 10,000 4
Slide 6: Financial Performance Trends (Cont’d)
Financial Performance Trends (Cont’d) Net Interest Margin2 Interest Income / Total Income2 90 78 77 80 74 68 70 62 60 55 47 50 % 40 30 20 10 - 2007 2008 2009 2010 2011 2012 Q1'13 Cost / Income Ratio2 Loans / Deposits Ratio1 30.0 120.0 107.3 104.6 101.2 24.2 96.8 96.1 98.9 25.0 21.6 100.0 20.6 85.0 1
Slide 7: Financial Performance Trends (Cont’d)
Financial Performance Trends (Cont’d) Return on Average Assets [ % ] Return on Average Equity1 [ % ] 3.3 3.3 25.0 22.5 Adj ROAE 3.5 21.0 2.8 18.6 3.0 20.0 2.6 2.5 2.5 17.7 17.3 17.3 17.0 2.4 16.8 2.5 14.8 14.7 14.6 14.7 15.0 2.0 % % 1.5 10.0 1.0 5.0 0.5 - - 2007 2008 2009 2010 2011 2012 Q1'13 2007 2
Slide 8: Q1’2013 – Performance Analysis
Q1’2013 – Performance Analysis Growth + 8% + 13% + 15% +7% +12% +20% + 5% +12% +17% Position in UAE – Q1’2013 One of the largest UAE listed banks Amongst the leading Abu Dhabi listed banks 2nd by Net Profit 2nd by Net Profit 2nd by Market Capitalisation 2nd by Market Capitalisation 3rd
Slide 9: Agenda
Agenda • General Overview • Financial Review • Business Review • Shareholder Information 9/28
Slide 10: Assets Mix
Assets Mix 2012 Q1’13 Optimizing efficiency of asset allocation while managing appropriate liquidity level Source: FGB and FGB Financial Statements 10/28
Slide 11: Loan Portfolio Analysis
Loan Portfolio Analysis 2012 Q1’13 Loan Portfolio — Consistent, Balanced Growth and Diversification Amongst Sectors Source: FGB and FGB Financial Statements 11/28
Slide 12: Asset Quality Analysis
Asset Quality Analysis Non Performing Loan - Key Indicators 12/28
Slide 13: Funding Mix
Funding Mix 2011 Funding Mix 2012 Medium Term Medium Term Borrowing from Borrowing + Borrowing from Borrowing + Federal GVT Banks Banks EMTN EMTN Tier 2 capital 4% 2% 7% 8% 3% Federal GVT Tier 2 capital 0% Shareholders Shareholders Equity Equity 17% Others 16% Others 3% 2% Customers' Customers' Depo
Slide 14: Liquidity Snapshot
Liquidity Snapshot Loans to Deposit Ratio Liquid Assets 14/28
Slide 15: Capitalization Overview
Capitalization Overview Capital Adequacy Ratio [%] Strong Capital Base * [AED Mn] * Note: Total capital base includes Tier 1 Capital, Tier 2 Capital and deductions 15/28
Slide 16: Group Revenue Analysis
Group Revenue Analysis 2012 Revenue Analysis by Products Q1’13 Treasury & Investment Treasury & Investment Income Income 6% 3% Net Interest and Islamic Fee & Financing Net Interest and Fee & Commission Income Islamic Financing Commission 76% 18% 73% Income 18% Investment Property & Rent Income 3% In
Slide 17: Agenda
Agenda • General Overview • Financial Review • Business Review • Shareholder Information 17/28
Slide 18: Overall Strategy
Overall Strategy A leading financial institution in the UAE by focusing on sustainable growth Organic Growth of Core Establishment of Associated International and Targeted Banking Activities Companies and Subsidiaries Regional Growth Build on opportunities with strategic Separate subsidiaries to
Slide 19: FGB Key Business Lines
FGB Key Business Lines Corporate Banking Retail Banking Treasury and Real Estate Activities Other Operations Investments 2012 Q1’13 2012 Q1’13 2012 Q1’13 2012 Q1’13 2012 Q1’13 Assets 39% 40% 24% 24% 26% 22% 5% 6% 6% 8% Operating 38% 37% 41% 42% 11% 14% 3% 2% 7% 5% Income * * Operating income excludi
Slide 20: Business Lines — Corporate Banking
Business Lines — Corporate Banking Corporate Banking has been FGB’s core activity Assets 1 since inception offering a range of financial services to corporates. Focus industries include oil & gas, manufacturing, energy and real estate. Offers a spectrum of financial services : - Institutional Ba
Slide 21: Business Lines — Retail Banking
Business Lines — Retail Banking Since 2002 Retail Banking business offers customers a Assets1 range of products and services with a special focus on UAE Nationals The Retail Banking products are offered through diversified delivery channels including: - 23 branches and 94 ATMs / CDMs - Internet
Slide 22: Business Lines — Treasury and Investment
Business Lines — Treasury and Investment Established in 2001, the Treasury & Investments Division Assets2 offers key corporates a set of products across a range of asset classes and geographic markets Mainly manages the group’s liquidity Support the key client needs for the treasury products a
Slide 23: Business Lines — Real Estate Activities
Business Lines — Real Estate Activities The Real Estate Activities business line was spun off Assets2 in 2007 Primary activities include investment, development, leasing, brokerage, management and resale of properties Investment properties of AED 8 billion represent 5% of total assets Rent
Slide 24: Agenda
Agenda • General Overview • Financial Review • Business Review • Shareholder Information 24/28
Slide 25: Ownership and Board of Directors
Ownership and Board of Directors GCC Nationals 4.7% Foreign Shareholders Abu Dhabi Ruling 10.2% Family 66.9% UAE Companies & Individuals, 18.2% Board Members – Prominent Stakeholders in Abu Dhabi Business Community H.H. Sheikh Tahnoon Bin Zayed Al Nahyan – Chairman • Chairman of Amiri Flight • Chair
Slide 26: Dividend Distribution
Dividend Distribution Maximizing Value for our Shareholders 26/28
Slide 27: FGB - A Bright Future Outlook
FGB - A Bright Future Outlook FGB is very well positioned to continue generating value to its shareholders in 2013 and beyond. FGB model is founded on : - Solid Balance Sheet - Sound Profitability - Low Cost To Income - High NIM’s Strong and Stable Shareholders’ Base. Visionary, experienced an
Slide 28: Disclaimer
Disclaimer This presentation provides information in summary form only and is not intended to be complete. It is not intended to be reli ed upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular inve