First Abu Dhabi Bank · ADX:FAB
First Abu Dhabi Bank — Q1 2025 Earnings Presentation
24 slides from First Abu Dhabi Bank's earnings presentation, Apr 29, 2025
Slide 1: Q1'25 Earnings Presentation
Q1’25 Earnings Presentation 29th April 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
Opening remarks
Slide 4: Q1'25 key highlights
Q1’25 key highlights • Outstanding Q1’25 results with PBT at AED 6.13Bn (+22% yoy), NPAT at AED 5.13Bn (+23% yoy), and RoTE at 20.4%. • Group revenue +11% yoy to AED 8.81Bn, driven by solid business momentum, resilient NIMs, and diversified income streams across divisions, geographies and sources of
Slide 5: Continued growth, diversification and innovation across the franchise
Continued growth, diversification and innovation across the franchise Diversified Expanding Digital & AI-led Regional ESG Growth Engine International Reach Transformation pacesetter • Strong deal pipeline execution, • Significant international balance • Accelerated AI deployment and • Sustainable an
Slide 6: Resilient profile amid global uncertainties
Resilient profile amid global uncertainties A robust UAE economy amid global uncertainty,… …with FAB a resilience anchor Equity markets and banks 25e macro assumptions (FAB in-house view) share price performances ✓ Region’s strongest credit ratings of AA- or equivalent, since April 1st, 20251 with a
Slide 7: Financial review
Financial review
Slide 8: PBT up 22%, NPAT up 23% yoy driven by strong revenue momentum
PBT up 22%, NPAT up 23% yoy driven by strong revenue momentum Income Statement - Summary (AED Mn) Q1'25 Q4'24 qoq % Q1'24 yoy % PBT at AED 6.13Bn, up 22% yoy and 32% qoq, driven by Net interest Income 5,006 4,936 1 4,859 3 diversified revenue momentum, well-managed expenses Non- interest Income 3,
Slide 9: On track with 2025 financial guidance
On track with 2025 financial guidance 2025 guidance Q1’25 actuals Scale Loan growth High single-digit +4% ytd Cost of Risk < 75bps 51bps Asset Quality Provision > 90% 98% coverage ratio RoTE > 16% 20.4% Profitability & Capital CET1 > 13.5% 13.5% (pre-dividend) 9 | Q1’25 Earnings Presentation
Slide 10: Q1'25 revenue of AED 8.81Bn delivered through a diversified franchise
Q1’25 revenue of AED 8.81Bn delivered through a diversified franchise By division,... Investment Banking Wholesale Banking Personal, Business, Wealth and and Markets Privileged Client Banking Group AED AED AED 3.06 ↑15% yoy 1.44 ↑12% yoy 3.15 ↑11% yoy Bn Bn Bn …geography, …and income source. 57% AED
Slide 11: Resilient margins, strong business momentum, drive NII higher
Resilient margins, strong business momentum, drive NII higher Net Interest Margin (NIM) was 1.97%, rising 1.96 1.97 5bps yoy and 4bps qoq reflecting disciplined Group NIM 1.92 1.93 1.89 pricing, offsetting the impact of lower (%) benchmark rates over the period. Strong business momentum and well
Slide 12: NFI strength reflects robust fees, record performance in markets
NFI strength reflects robust fees, record performance in markets Non-funded income trend (AED Bn) FX and other investment income, net (AED Mn) GM Sales GM Trading Treasury and other qoq ↑35%, yoy ↑14% 3.8 2,344 2,047 3.3 1,831 1,733 736 1,621 858 581 3.1 531 539 932 658 899 588 633 2.8 2.8 531 501 5
Slide 13: Cost efficiency sustained amid ongoing investments
Cost efficiency sustained amid ongoing investments Opex drivers (AED Mn) Cost-to-Income Ratio yoy ↑3% 22.3% (Q1’24: 24.0%) Operating expenses at AED 1.97Bn, up 3% yoy and stable sequentially reflecting +22 +67 ongoing operating efficiencies amid 1,916 (40) 1,965 continued investments. Cost-to-in
Slide 14: Strong balance sheet momentum
Strong balance sheet momentum • Total assets grew 6% yoy and 8% ytd, crossing the AED 1.3 trillion milestone for the first time. Balance Sheet summary (AED Bn) Mar'25 Dec'24 ytd % Mar'24 yoy % • Loans, advances and Islamic financing (net) grew 8% yoy and 4% ytd reflecting healthy Cash and balances wi
Slide 15: Solid asset quality metrics
Solid asset quality metrics Impairment charges, net (AED Mn) & CoR1 (bps) NPLs2 and ECLs3 (%) Net impairment charges CoR (L&A) (bps) Provision Coverage (%) NPL Ratio (%) 99 96 95 96 98 77 84 74 63 51 3.7 3.7 3.8 3.4 3.3 qoq ↓34%, yoy ↓29% NPLs (AED Bn) Provisions (AED Bn) 20.4 19.1 18.9 19.4 18.7 19
Slide 16: Strong capital position above regulatory requirements
Strong capital position above regulatory requirements CET1 ratio progression CET1, Tier 1 and CAR trends (%) 18.0% 17.4% 17.5% 17.1% 17.2% 15.7% 15.9% 15.4% 15.4% 15.1% 14.3% 14.0% 15.0% 13.7% 13.7% 13.5% +80bps 1.3% Cash DPS: 75 fils Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 AED 8.3Bn 13.7% -89bps -6bps 1
Slide 17: Wrap-up
Wrap-up • Outstanding Q1’25 results with PBT at AED 6.13Bn (+22% yoy), NPAT at AED 5.13Bn (+23% yoy), and RoTE at 20.4%. • Group revenue +11% yoy to AED 8.81Bn, driven by solid business momentum, resilient NIMs, and diversified income streams across divisions, geographies and sources of income. • St
Slide 18: Appendix – Q1'25 results
Appendix – Q1’25 results
Slide 19: Q1'25 highlights – Group financials
Q1’25 highlights – Group financials Income Statement - Summary (AED Mn) Q1’25 Q4’24 qoq % Q1’24 yoy % Net interest Income 5,006 4,936 1 4,859 3 Non-interest Income 3,808 2,768 38 3,112 22 Operating Income 8,814 7,704 14 7,971 11 Operating expenses (1,965) (1,970) (0) (1,916) 3 Impairment charges,
Slide 20: Segmental overview
Segmental overview During the period, the Group reorganized its operating segments to align with its customer-centric strategy, resulting in changes to the composition and reporting of the Bank’s operating segments. For more information, please refer to note 28 of FAB’s Q1’25 Financial Statementsand
Slide 21: A well-diversified, high-quality loan book
A well-diversified, high-quality loan book Gross loans trend (Figures in AED Bn) Gross loans by product (Figures in AED Bn) 551 ytd ↑4%, yoy ↑8% 1.8 571 1.7 5.5 5.5 30.0 30.1 Gross Islamic financing 50.5 63.3 Vehicle financing loans 19.5 20.5 530 534 550 551 571 Credit Cards Personal Loans Trade rel
Slide 22: Strong and diversified liquidity profile
Strong and diversified liquidity profile Customer deposits trend (AED Bn) Customer deposits by counterparty (AED Bn) ytd ↑7%, yoy ↑4% Total Customer Deposits CASA 782 839 820 839 803 766 782 Certificates of deposits 4% 4% 16% 16% Personal/retail sector Corporate / private sector 46% 51% Public Secto
Slide 23: High-quality and diversified investment portfolio
High-quality and diversified investment portfolio Investments by type Investments by ratings Mar’25 Dec’24 Mar’25 Dec’24 Mar’25 Mar’25 AAA AED 263Bn AED 263Bn 14% 11% FVTPL - Debt 22% 20% AA 37% 41% FVTPL - Equity & Funds 3% 2% Dec’24 A 19% 20% AED 248Bn Dec’24 Amortised Cost (Debt Inv) 1% 2% BBB 5%
Slide 24: For more information, please visit www.bankfab.com or 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 Report A magazine cover with a tree and a sunset FAB’s Nature Rep