Tbc Bank Group Plc · LSE:TBCG
Tbc Bank — Q1 2022 Earnings Presentation
67 slides from Tbc Bank's earnings presentation, 2022
Slide 1: Q1 2022 Call Presentation
Q1 2022 CALL PRESENTATION Unaudited IFRS consolidated figures
Slide 2: Disclaimer
DISCLAIMER By attending the meeting where this presentation is made, or by reading this document, you agree to be bound by the conditions set our below. The information, statements and opinions contained in this Presentation do not constitute a public offer under any applicable legislation or an off
Slide 3: Key Takeaways of Q1 2022
KEY TAKEAWAYS OF Q1 2022 The market leader in Georgia with robust profitability and strong growth supported by solid capital. Continued strong progress in exploiting our international growth potential. Q1 2022 CALL PRESENTATION Robust profitability Expanding our position Increasing our digital Stron
Slide 4: Maintaining strong economic growth despite the war in Ukraine
MAINTAINING STRONG ECONOMIC GROWTH DESPITE THE ADVERSE IMPACT OF THE WAR IN UKRAINE Q1 2022 CALL PRESENTATION The GEL regained its We expect GDP 14.4% YoY real GDP value QoQ after growth of 5.5% for growth in Q1 2022 short-term volatility and the FY 2022 remains stable 4 Source: Geostat
Slide 5: March growth drivers mostly remained at strong levels
MARCH GROWTH DRIVERS MOSTLY REMAINED AT STRONG LEVELS Real GDP growth (%) Remittances 1; 2 Tourism inflows1 160 145.4 (Compared to 2019) 60 140 20 50 44.8 120 0 40 100 -20 -30.7 -28.7 -37.8 -42.0 25.8 80 -48.1 -49.2 -46.7-45.0 30 -40 -51.8 18.7 18.0 60 49.5 -64.0 Q1 2022 CALL PRESENTATION 42.4 20 12
Slide 6: 2022 growth expected to remain strong on tourism recovery and exports
2022 GROWTH IS EXPECTED TO REMAIN STRONG ON THE BACK OF TOURISM RECOVERY AND RESILIENT EXPORTS Major macro variable projections for 2022, YoY, % 2020 2021 2022 Actual Actual Baseline EXPORTS1 -12.0 +26.5 +23.0 Q1 2022 CALL PRESENTATION TOURISM1 -83.4 -62.0% vs 2019 -25.0% vs 2019 (including migratio
Slide 7: Contents
CONTENTS Q1 2022 CALL PRESENTATION Q1 2022 Business Appendices Financial update Results 7
Slide 8: Who We Are
WHO WE ARE Market leader in Georgia with diversified 1 business across all market segments Our customer base 3.6 mln active users in two geographies1 Q1 2022 CALL PRESENTATION 2 Robust profitability and strong growth backed by solid capital 38 mln total addressable market Advanced omni-channel distr
Slide 9: Strong leading position across all segments in Georgia
STRONG LEADING POSITION ACROSS ALL SEGMENTS IN GEORGIA 9 Retail CIB 38.6% 39.6% 39.3% 41.0% deposit market share1 38% 37% Q1 2022 CALL PRESENTATION Loan market share1 Loan market share1 deposit market share1 GEL 17.3 bln +13% Gross loans +20% +18% +20% YoY loan growth2 YoY deposit growth2 YoY loan g
Slide 10: Robust profitability and prudent capital levels
ROBUST PROFITABILITY AND PRUDENT CAPITAL LEVELS In Q1 2022, we delivered robust profitability, while continued investing into our international expansion and maintained prudent capital levels Net profit (GEL mln) ROE ROA +46% +4.0 pp +1.0 pp 24.3% 3.7% Q1 2022 CALL PRESENTATION 224.0 2.7% 153.0 20.3
Slide 11: Solid growth of our Georgian payments business
SOLID GROWTH OF OUR GEORGIAN PAYMENTS BUSINESS SUPPORTING DIVERSIFICATION OF OUR INCOME POS transactions number1 (mln) POS transactions volume1 (bln GEL) 45% 43% 44% 43% +43% +57% 36.1 1.1 25.3 Q1 2022 CALL PRESENTATION 0.7 Q1 2021 Q1 2022 Q1 2021 Q1 2022 market shares market shares Number of transa
Slide 12: Strong progress in digital channels
STRONG PROGRESS IN DIGITAL CHANNELS Georgia TBC Group Active retail digital users (‘000) High sales offloading +17% 98% 99% 75% 75% 776 Q1 2022 CALL PRESENTATION 665 62% 41% Q1 2021 Q1 2022 Q1 2021 Q1 2022 consumer loans deposits transactions offloading High digital customer engagement High digital
Slide 13: Rapid growth in Uzbekistan across all key metrics
RAPID GROWTH IN UZBEKISTAN ACROSS ALL KEY METRICS Registered users and downloads (‘000) 2,011 2,144 1,548 897 1,499 1,599 Q1 2022 CALL PRESENTATION 1,140 391 667 103 98 302 Mar'21 Jun'21 Sep'21 Dec'21 Mar'22 Apr'22 # of total registered users # of downloads Retail loan & deposit portfolios (GEL ‘000
Slide 14: Payme - expanding our payments business in Uzbekistan
PAYME - EXPANDING OUR PAYMENTS BUSINESS IN UZBEKISTAN Monthly active users (mln) Active merchants1 +64% +54% 1.8 3,175 Q1 2022 CALL PRESENTATION 1.1 2,064 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Payments volume2 (GEL mln) Financials (GEL mln) +44% +83%/93% 1,449 9.5 6% 1,005 5.8 21% 5.2 7% 24% 3.0 73% 69% Q
Slide 15: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial Results 15
Slide 16: A strong set of financial results in Q1 2022
A STRONG SET OF FINANCIAL RESULTS IN Q1 2022 Net profit (mln GEL) ROE +46% 21.5% 23.2% 25.6% +13% +4.0pp +2.2pp 24.3% Q1 2022 CALL PRESENTATION 20.3% 22.1% 224.0 198.5 153.0 Q1 2021 Q4 2021 Q1 2022 Q1 2021 Q4 2021 Q1 2022 ROE Bank’s standalone ROE2 ROA • In Q1 2022 our net profit growth on YoY basis
Slide 17: Growing operating income based on diversified earning streams
GROWING OPERATING INCOME BASED ON DIVERSIFIED EARNING STREAMS Total net interest income (mln GEL) NIM evolution YoY 4.7% 5.4% 5.6% +28% +5% Q1 2022 CALL PRESENTATION 288.6 275.4 225.1 Q1 2021 Q4 2021 Q1 2022 Q1 2021 Loan yield Loan Liability Other Q1 2022 effect composition optimization effects Tota
Slide 18: Investing into the future while maintaining high efficiency
INVESTING INTO THE FUTURE WHILE MAINTAINING HIGH EFFICIENCY Total operating expenses (mln GEL) Cost to income 33.1% 32.2% 28.7% +24% -2.7pp -4% -3.8pp Q1 2022 CALL PRESENTATION 157.2 151.0 122.2 23.2 40.4% 23.0 39.3% 36.6% 17.4 47.4 41.8 34.5 70.3 86.6 86.2 Q1 2021 Q4 2021 Q1 2022 Q1 2021 Q4 2021 Q1
Slide 19: Strong asset quality
STRONG ASSET QUALITY NPLs NPL coverages -2.4pp 0.0pp 4.8% 175% 168% 154% Q1 2022 CALL PRESENTATION 75% 72% 73% 2.4% 2.4% 81% 100% 96% 31-Mar-21 31-Dec-21 31-Mar-22 31-Mar-21 31-Dec-21 31-Mar-22 Provision coverage Collateral coverage Impairment charge (mln GEL) • NPLs improved across all segments YoY
Slide 20: Market leadership in total loans and customer deposits
WE MAINTAINED OUR MARKET LEADERSHIP POSITION BOTH IN TOTAL LOANS AND CUSTOMER DEPOSITS Gross loan portfolio breakdown (bln GEL) Deposit portfolio breakdown (bln GEL) 38.5 38.8 38.9 39.8 40.4 40.3 +13%/+21%1 +6%/+13%1 +2%/+2%1 +1%/+0%1 Q1 2022 CALL PRESENTATION 17.0 17.3 15.3 14.2 15.0 15.1 23% 25% 2
Slide 21: Solid capital position
SOLID CAPITAL POSITION Capital Adequacy Ratios as of 31 March 2022 CET 1 CAR +4pp +1pp Q1 2022 CALL PRESENTATION 21.0% 13.7% 14.6% 17.6% 14.6% 10.9% 18.3% 12.2% 14.6% 11.7% 12.2% 7.8% CET 1 CAR Tier 1 CAR Total CAR 31-Mar-21 31-Dec-21 31-Mar-22 Min. requirements Min. requirements CET 1 movement on a
Slide 22: Strong liquidity and diversified funding base
STRONG LIQUIDITY AND DIVERSIFIED FUNDING BASE Liability structure Liquidity ratios 1 as of 31 March 2022 Total liabilities 3.0% GEL 21.2 bln 92% 101% 101% 15.9% Q1 2022 CALL PRESENTATION 131% 137% 127% 127% 8.2% 116% 116% 1.6% 71.3% 100% 100% 100% 31-Mar-21 31-Dec-21 31-Mar-22 Customer Deposits Othe
Slide 23: Reiterating our mid-term targets
REITERATING OUR MID-TERM TARGETS Target Drivers Actual performance Q1 2022 10-15% Driven by all segments 13%/21%1 YoY Annual loan book growth (gross) Q1 2022 CALL PRESENTATION 20%+ Strong income generation, high 24.3% ROE efficiency and normalized CoR <35% Increased digitalization and Cost to income
Slide 24: Our strategic priorities
OUR STRATEGIC PRIORITIES OUR STRATEGIC PRIORITIES Q1 2022 CALL PRESENTATION Leverage our Maintain robust advanced Diversify our fee Harness high profitability and Continue steady digital and commission growth potential solid balance growth in Georgia capabilities to income streams of Uzbek market sh
Slide 25: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial Financial statements Results 25
Slide 26: Profit & Loss Statement
PROFIT & LOSS STATEMENT YoY TBC Group (mln GEL) Q1 2022 Q1 2021 change Net interest income 289 225 Q1 2022 vs Q1 2021 28% Net F&C income 66 45 47% Q1 2022 CALL PRESENTATION • NII increased by GEL 64 mln driven by the loan book growth of Other non-interest income 58 41 41% c. 13% and strong NIM incre
Slide 27: Balance Sheet
BALANCE SHEET YoY TBC Group (mln GEL) 31-Mar-22 31-Dec-21 31-Mar-21 change Cash and cash equivalents 1,962 1,722 2,426 -19% Q1 2022 vs Q1 2021 Due from other banks 2,302 2,166 2,419 -5% • Gross loans and customer accounts Gross loans 17,320 17,047 15,332 13% Q1 2022 CALL PRESENTATION increased by GE
Slide 28: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial Corporate governance Results 28
Slide 29: Board of Directors
BOARD OF DIRECTORS The experienced and diverse independent board is well placed to drive forward the group’s ambitious strategy Arne Berggren Eran Klein Nino Suknidze Chairman Independent non-executive Director Independent non-executive Director Joined TBC in 2019 Joined TBC in 2021 Joined TBC in 20
Slide 30: Corporate Governance Structure
CORPORATE GOVERNANCE STRUCTURE 30 The Board oversees the execution of the Group’s strategy and operates via its 6 committees covering all major directions. Shareholders (Annual General Meeting) Q1 2022 CALL PRESENTATION External Auditor • All 8 Non-executive Directors are independent both under UK a
Slide 31: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial Our ecosystem Results 31
Slide 32: Our customer centric ecosystem
OUR CUSTOMER CENTRIC ECOSYSTEM 1.7 mln unique visitors since January 2021 Q1 2022 CALL PRESENTATION 56%1 48%1 Q1 2022 highlights GEL 22 mln 4.4K Issued loans volume Issued loans number 10% conversion rate2 up 3.5 times YoY GEL 13 mln 44K GMV Leads generated up 2.4 times YoY +55% YoY 65%1 80%1 Market
Slide 33: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial Loan portfolio Results quality 33
Slide 34: Borrowers with FX income
BORROWERS WITH FX INCOME of which borrowers 31 March 2022 % of FX loans with FX income1 Q1 2022 CALL PRESENTATION Retail 43% 38% Non-mortgage 17% 28% Mortgage 58% 40% CIB 68% 54%2 MSME 49% 11% Total 54% 40% 34 (1) FX income implies both direct and indirect income for legal entities, the % of loan re
Slide 35: Total portfolio asset quality
TOTAL PORTFOLIO ASSET QUALITY NPLs PAR 30 Q1 2022 CALL PRESENTATION 4.8% 3.4% 3.1% 2.5% 2.4% 2.4% 2.2% 2.3% 2.0% 2.3% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Asset quality • NPLs improved across all segments YoY, mainly driven by resumed repayments of restructured loans
Slide 36: Retail portfolio asset quality
RETAIL PORTFOLIO ASSET QUALITY NPLs PAR 30 Q1 2022 CALL PRESENTATION 6.0% 4.0% 3.6% 3.1% 3.0% 2.7% 2.4% 2.2% 2.2% 2.3% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Asset quality 0.9% 1.2% 0.6% • NPL ratio improved both QoQ and YoY basis. -0.2% -0.1% • The QoQ improvement is
Slide 37: CIB portfolio asset quality
CIB PORTFOLIO ASSET QUALITY NPLs PAR 30 Q1 2022 CALL PRESENTATION 2.2% 1.6% 1.6% 0.5% 0.6% 1.5% 1.4% 1.2% 0.3% 1.1% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Mar-21 Jun-21 Sep-21 Dec-31 Mar-22 Asset quality -0.2% -0.2% -1.5% -0.1% -2.0% ▪ NPL ratio increased by 0.2 pp QoQ, mainly attributable to one stage
Slide 38: MSME portfolio asset quality
MSME PORTFOLIO ASSET QUALITY NPLs PAR 30 Q1 2022 CALL PRESENTATION 6.9% 5.4% 4.7% 4.6% 4.0% 4.1% 3.8% 3.9% 4.0% 3.9% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Asset quality 0.9% 0.1% 0.3% -0.1% -1.8% • NPL decreased YoY, due to the resumed repayments of restructured loans
Slide 39: Strong collateralization and low LTVs across segments
STRONG COLLATERALIZATION AND LOW LTVs ACROSS SEGMENTS 78% of the loan book is secured by cash, gold and real LTVs by segments as of 31 March 2022 estate as of 31 March 2022 Q1 2022 CALL PRESENTATION 1% 3% 4% 18% Cash Cover Gold 52% 53% 50% Inventory 45% Other Total Retail CIB MSME Real Estate Unsecu
Slide 40: Loan book breakdown by stages according to IFRS
LOAN BOOK BREAKDOWN BY STAGES ACCORDING TO IFRS 9 Total: gross loan (mln) & LLP ratio1 Retail: gross loan (mln) & LLP ratio1 15,332 3.8% 17,047 2.4% 17,320 2.3% 6,358 6,583 495 37.1% 5,793 5.7% 3.9% 3.7% 36.1% 510 36.4% 935 1,935 1,848 6.1% 183 6.2% 43.5% 210 47.7% 52.0% 2,296 5.4% 465 801 Q1 2022 C
Slide 41: Macroeconomic assumptions for IFRS provisioning
MACROECONOMIC ASSUMPTIONS FOR IFRS PROVISIONING Baseline scenario – 50% weight 2022 2023 2024 GDP (YoY) 3.2% 4.5% 6.0% USD/GEL (Level, EOP) 3.30 3.20 3.15 Macroeconomic Assumptions Q1 2022 CALL PRESENTATION RE Price (in USD, comp. to 2019, EOP) 8.2% 13.5% 13.5% • In Q1 2022, the Bank has updated thr
Slide 42: Minimum regulatory capital requirements with restored buffers
MINIMUM REGULATORY CAPITAL REQUIREMENTS WITH RESTORED BUFFERS 31 March 2022 31 December 2022 31 December 2023 CET 1 Tier 1 Total CET 1 Tier 1 Total CET 1 Tier 1 Total • In March 2022 Bank’s Q1 2022 CALL PRESENTATION Pillar 1 Minimum 4.5% 6.0% 8.0% 4.5% 6.0% 8.0% 4.5% 6.0% 8.0% Pillar 2 buffer increa
Slide 43: CET1 reconciliation with IFRS equity
CET 1 RECONCILIATION WITH IFRS EQUITY • The main difference between CET1 and IFRS equity apart from CET 1 deductions under Basel framework comes from different treatment of loan loss provisions and impairment of repossessed assets/investment property. 14.6% 1.4% 0.8% 1.5% 0.1% 18.4% The main differe
Slide 44: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial Macro update Results 44
Slide 45: Terms of trade and exports remain resilient supporting GDP growth in Georgia
TERMS OF TRADE AND EXPORTS REMAIN RESILIENT SUPPORTING GDP GROWTH IN GEORGIA Terms of trade and Brent oil price Export growth (%) and contribution of countries (pp) (Dec-16 = 100) 70 210 60 60.3 190 50 Q1 2022 CALL PRESENTATION 47.6 170 40 150 30 26.3 130 20 31.4 110 10 8.9 90 61.9 40.5 7.3 0 1.6 70
Slide 46: Economy of Uzbekistan also demonstrates resilience
ECONOMY OF UZBEKISTAN ALSO DEMONSTRATES RESILIENCE Growth (%) of exports of goods and services and contribution of Real GDP growth in Uzbekistan countries (pp) (%, YoY) 200 173 9.0 9.1 150 139 7.2 Q1 2022 CALL PRESENTATION 5.8 5.7 6.0 5.8 100 101 5.4 4.6 3.9 3.0 50 1.4 -2.5 0 Jan-22 Feb-22 Mar-22 -5
Slide 47: Monetary policy stance is prudent in Uzbekistan
MONETARY POLICY STANCE IS PRUDENT IN UZBEKISTAN Daily estimates of UZS REER and UZS/USD Official reserves of Uzbekistan (as of 27-apr-22; increase means UZS appreciation, Jan-21 = 100) (% of GDP) 120 70 115 60 110 105 50 Q1 2022 CALL PRESENTATION 100 40 95 30 90 2021-01-12 2021-02-22 2021-03-05 2021
Slide 48: Retail and MSME credit growth is promising in Uzbekistan
RETAIL AND MSME CREDIT GROWTH IS PROMISING IN UZBEKISTAN Loans to GDP Retail loans in Uzbekistan (%) (In USD terms) 1.8 1.4 1.3 26.5 1.5 1.7 4.4 4.6 4.6 23.0 23.2 22.2 2.5 3.7 4.7 4.9 5.0 18.0 17.5 3.3 3.8 Q1 2022 CALL PRESENTATION 32.1 35.1 33.5 33.7 30.7 3.1 3.1 3.1 2.7 3.3 2.5 bn bn bn bn bn bn 2
Slide 49: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial TBC positioning in the market Results 49
Slide 50: Leading position in an attractive market in Georgia
LEADING POSITION IN AN ATTRACTIVE MARKET IN GEORGIA Top 10 largest banks by loans in Georgia, as of 31 March 2022 (GEL mln) 38.9 36.0 5.3 4.6 3.5 3.1 2.3 2.2 1.7 0.8 0.8 16,872 15,591 Q1 2022 CALL PRESENTATION 2,276 1,990 1,517 1,344 1,002 965 726 367 347 TBC BOG Liberty Basis Credo Procredit Tera C
Slide 51: TBC UZ competitive landscape
TBC UZ COMPETITIVE LANDSCAPE Traditional/digital only Digital Traditional Traditional Traditional Traditional Traditional Traditional Digital Digital General information State/Private Private State State Private State Private Private Private Private Foreign- Local/Foreign Foreign Local Local Local L
Slide 52: ESG ratings and scores
ESG RATINGS AND SCORES In April 2021, TBC Bank Group received a rating of “AA” (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment, which represents an upgrade from the previous rating of “A” assigned in October 2019. MSCI Disclaimer statement The use by TBC Bank Group PLC of any MSCI ESG res
Slide 53: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial Financial and operational performance details Results 53
Slide 54: Loan book growth across all segments YoY
LOAN BOOK GROWTH ACROSS ALL SEGMENTS YoY Gross loan portfolio breakdown (bln GEL) Retail banking gross loans (bln GEL) 38.5 38.8 38.9 39.4 38.6 38.6 +14%/+20%1 +13%/+21%1 +2%/+2%1 +3/+4%1 Q1 2022 CALL PRESENTATION 17.0 17.3 15.3 6.6 23% 25% 25% 5.8 6.4 39% 38% 37% 3.9 4.1 4.2 38% 37% 38% 1.9 2.3 2.4
Slide 55: Customer deposits growth across all segments YoY
CUSTOMER DEPOSITS GROWTH ACROSS ALL SEGMENTS YoY Deposit portfolio breakdown (bln GEL) Retail banking deposits (bln GEL) 39.8 40.4 40.3 39.8 40.3 39.6 +6%/+13%1 +4%/+13%1 +1%/+0%1 -3%/-4%1 15.0 15.1 Q1 2022 CALL PRESENTATION 14.2 6% 2% 3% 10% 10% 9% 49% 50% 5.4 5.8 5.6 47% 2.6 2.2 2.1 38% 39% 37% 2.
Slide 56: Balance sheet structure
BALANCE SHEET STRUCTURE Assets Structure (bln GEL) Liabilities Structure (bln GEL) +2% +2% 120 .0% 120 % 23.6 24.5 25.1 20.5 20.8 21.2 100 .0% 100 % 10% 7% 8% Q1 2022 CALL PRESENTATION 18% 14% 16% 8% 8% 10% 3% 3% 9% 9% 80% 3% 80. 0% 10% 60. 0% 60% 69% 72% 71% 62% 68% 68% 40% 40. 0% 20% 20. 0% 8% 8%
Slide 57: FX exposure of loan and deposit portfolios
FX EXPOSURE OF LOAN AND DEPOSIT PORTFOLIOS Gross Loans Deposits 0% 1% 1% 1% 1% 1% Q1 2022 CALL PRESENTATION 8% 10% 10% 26% 22% 22% 31% 31% 59% 52% 53% 33% 41% 46% 46% 32% 37% 36% 31-Mar-21 31-Dec-21 31-Mar-22 31-Mar-21 31-Dec-21 31-Mar-22 GEL USD EUR Other GEL USD EUR Other 57 Source: IFRS Group Dat
Slide 58: Funding repayment ladder
FUNDING REPAYMENT LADDER Debt securities, subordinated and senior loans’ principal amount repayments by years (USD mln) 1 Q1 2022 CALL PRESENTATION 454.1 24.1 - 5.0 29.0 - - 1.1 - - - 195.8 160.7 16.5 125.7 65.4 75.0 - 85.2 - 22.5 7.5 27.4 16.1 37.0 7.1 - - - 2022 2023 2024 2025 2026 2027 2028 2029
Slide 59: Sensitivity analysis and FC details for selected P/L items
SENSITIVITY ANALYSIS AND FC DETAILS FOR SELECTED P/L ITEMS Sensitivity analysis The share of selected FC denominated P/L Items of Q1 2022 10% Currency FC % of respective Depreciation Effect totals Q1 2022 CALL PRESENTATION NIM -0.14% Interest income 32% Technical cost of risk +0.08% Interest expense
Slide 60: TBC Insurance standalone performance
TBC INSURANCE STANDALONE PERFORMANCE Net Earned Premium 1 & GWP (thousand GEL) Gross Written Premium distribution by products 22.0% 26.4% 25.1%2 As of 31 March 2022 +35%/+34% 3% Life & PA +6%/+3% 4% 28% Motor 34,138 20% 33,039 Q1 2022 CALL PRESENTATION 25,515 25,856 Property 24,497 19,131 Health 13%
Slide 61: Loan yields and deposit costs by segments
LOAN YIELDS AND DEPOSIT COSTS BY SEGMENTS Total portfolio: loan yield and deposit cost CIB: loan yield and deposit cost 9.1% 9.2% 9.2% 8.7% 9.0% 10.2% 10.5% 10.7% 10.8% 9.8% Q1 2022 CALL PRESENTATION 4.5% 4.8% 4.5% 3.9% 4.0% 3.5% 3.4% 3.5% 3.4% 3.7% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q1'21 Q2'21 Q3'21 Q4
Slide 62: Contents
CONTENTS Q1 2022 CALL PRESENTATION Business Q1 2022 Appendices update Financial Key ratios Results 62
Slide 63: Selected ratios calculated based on monthly averages
SELECTED RATIOS CALCULATED BASED ON MONTHLY AVERAGES Average balances included in this document are calculated as the average of the relevant monthly balances as of each month-end. Balances have been extracted from TBC's unaudited and consolidated management accounts prepared from TBC's accounting r
Slide 64: Ratio definitions
RATIO DEFINITIONS 1. Return on average total equity (ROE) equals net income attributable to owners divided by the monthly average of total shareholders’ equity attributable to the PLC’s equity holders for the same period; annualised where applicable. 2. Return on average total assets (ROA) equals ne
Slide 65: Segment definitions
SEGMENT DEFINITIONS Segment Definitions (updated in 2021) Q1 2022 CALL PRESENTATION CIB: – a legal entity/group of affiliated entities with an annual revenue exceeding GEL 12.0 million or which has been granted facilities of more than GEL 5.0 million. Some other business customers may also be assign
Slide 66: Glossary
GLOSSARY Terminology Definition Q1 2022 CALL PRESENTATION Active retail digital users The number of retail digital users, who logged into our digital channels at least once for the past 3 months. Consumer loans offloading Consumer loans offloading ratios includes the number of consumer loans disburs
Slide 67: Contact Investor Relations
R-0 R - 255 R - 241 R - 146 R - 65 Q1 2022 CALL PRESENTATION G - 173 G - 255 G - 241 G - 165 G - 65 B - 238 B - 255 B - 241 B - 185 B - 65 CONTACT INVESTOR RELATIONS R - 39 R - 71 R - 80 R - 135 R - 98 R-5 R - 244 R - 195 R - 164 R - 241 G - 72 G - 120 G - 121 G - 193 G - 214 G - 225 G - 222 G - 234