Pt Bank Qnb Indonesia Tbk · IDX:BKSW
Pt Bank Qnb Indonesia Tbk — QNB Group — Investor Presentation (March 2018)
33 slides from Pt Bank Qnb Indonesia Tbk's investor presentation, March 2018
Slide 1: Investor Relations Presentation
Investor Relations Presentation March 2018
Slide 2: Contents
Contents 1. QNB at a Glance 2. QNB Comparative Positioning – Qatar and MEA 3. Financial Highlights – as at 31 March 2018 4. Economic Overview Notes: All figures in US Dollars have been converted from Qatari Riyals based on the exchange rate of 1 US Dollar = 3.6405 Qatari Riyals In certain cases, num
Slide 3: QNB at a Glance
QNB at a Glance
Slide 4: QNB at a Glance: Overview
QNB at a Glance: Overview Overview • Established in 1964 as the first Qatari owned Financials2 (in USD billion) bank • Owned (50%) by the Government of Qatar via 2018 2017 5yr CAGR the Qatar Investment Authority (QIA) Total Assets 229.0 204.1 17% • Largest bank in Qatar by market cap., assets, Loans
Slide 5: QNB's International Footprint
QNB's International Footprint Sub-Saharan Africa Middle East South Sudan: (1 Branch) Qatar: (64 Branches) Togo: (927 Branches1, 20.1% stake in KSA: (1 Branch) Ecobank) UAE: (16 (+12) Branches, 40.0% stake Asia in CBI) Indonesia: (48 Branches, 90.96% stake Syria: (15 (+302) Branches, 50.8% stake In Q
Slide 6: QNB Comparative Positioning – Qatar and MEA
QNB Comparative Positioning – Qatar and MEA
Slide 7: Top Domestic Banks – March 2018
Top 5 Domestic Banks – March 2018 QNB continues to excel in the domestic market Assets Loans 229.0 164.2 41.7 40.2 28.7 25.5 28.4 25.7 19.9 16.4 Deposits Net Profit 165.9 0.94 28.1 0.17 0.15 21.8 17.2 16.3 0.11 0.10 Note: All amounts are in USD billions 7 Source: Banks’ March 2018 Press Release or F
Slide 8: Top MEA Banks – March 2018
Top 5 MEA Banks – March 2018 QNB maintained its position as the leading bank in the region across all categories Assets Loans 229.0 164.2 184.5 164.5 129.5 92.1 84.8 116.7 75.4 67.4 Deposits Net Profit 165.9 0.94 0.82 0.80 110.0 0.65 0.64 93.4 90.4 82.4 Stnd. Bank Note: All amounts are in USD billio
Slide 9: QNB is the leading financial institution in the MEA region by brand value and market cap
QNB is the leading financial institution in the MEA region with regards to brand value and market capitalisation Brand value and market capitalisation (USD Bn as at 31-Dec-17) Top MEA banking brands Top MEA banks by market capitalisation 4.23 32.0 3.53 30.3 3.11 29.4 2.60 28.6 2.29 20.6 Source: Bran
Slide 10: Financial Highlights – as at March 2018
Financial Highlights – as at 31 March 2018
Slide 11: QNB demonstrate sustainable profit growth
QNB demonstrate sustainable profit growth Financial Highlights (as at 31 March 2018) Growth vs. March 2017 • Net interest margin (NIM)2: 2.64% Profit1 • USD942 million +7% • Cost to income ratio: 27.8% • Earnings per share: USD 1.0 • USD229.0 billion assets +12% • NPL (% of gross loans): 1.8% Assets
Slide 12: QNB ALAHLI
QNB ALAHLI Highlights (as at 31 March 2018) Growth vs. March 2017 • USD78.6 million +25% • Net interest margin (NIM)2: 4.74% Profit1 (EGP1.4 billion) (+24%) • Cost to income ratio: 28.9% • USD13.2 billion assets +21% (EGP233.7 billion) (+18%) • NPL (% of gross loans): 2.7% Assets • USD6.4 billion lo
Slide 13: QNB FINANSBANK
QNB FINANSBANK Highlights (as at 31 March 2018) Growth vs. March 2017 • Net interest margin (NIM)2: 4.69% • USD149.7 million +41% Profit1 (TRY0.6 billion) (+46%) • Cost to income ratio: 43.9% • USD36.1 billion assets +16% (TRY144.7 billion) (+27%) • NPL (% of gross loans): 4.8% Assets • USD23.3 bill
Slide 14: Increasing geographical diversification positively contributes to growth
Increasing geographical diversification positively contributes to growth Geographical Contribution (as at 31 March) Domestic International % Share of International as percentage of the total Net Profit1 Loans Deposits USD billion USD billion USD billion 0.94 164.2 165.9 0.88 147.2 148.6 0.79 110.4 1
Slide 15: Consistent Robust Profitability
Consistent Robust Profitability Income Statement Breakdown (USD billion as at 31 March) Net Profit1 Operating Income2 Net Interest Income % Cost to Income Ratio % Net Interest Margin3 5 yrs: 10% 5 yrs: 15% 0.94 1.67 5 yrs: 15% 0.88 1.28 1.49 0.79 1.15 0.73 0.67 1.10 1.12 0.90 1.03 0.81 0.87 2014 201
Slide 16: Good asset growth driven by lending activities mainly in QAR and USD
Good asset growth driven by lending activities mainly in QAR and USD Assets Analysis (as at 31 March) Total Assets Evolution 2018 Split of Assets (%) USD billion By Type By Currency 229.0 Cash and QAR 41.4 Balances with 6.7 5 yrs: 17% 204.1 Central Banks USD 30.4 Due from 5.9 Banks 151.1 TRY 7.3 137
Slide 17: Good loan growth
Good loan growth Loans Analysis (as at 31 March) Total Loans Evolution 2018 Split of Loans (%) USD billion By Geography By Sector1 164.2 Qatar 68.2 Govt. & Govt. Agencies 45.4 5 yrs: 18% 147.2 Turkey 14.1 Services/ 21.8 Commerce Egypt 4.0 110.4 94.9 Industry 7.0 Europe 4.8 87.1 Impacted Real Estate
Slide 18: High quality lending portfolio is highlighted by low NPL ratios
High quality lending portfolio is highlighted by low NPL ratios Asset Quality Analysis (as at 31 December unless stated) Non Performing Loans (NPL) by Segment • QNB has continued to x Total NPL’s increase its provisions in USD million response to the global 2,600 2,871 3,002 economic situation 975 1
Slide 19: High quality investment portfolio with 88% of securities rated AA or Sovereign
High quality investment portfolio with 88% of securities rated AA or Sovereign Investments Analysis (USD million as at 31 March 2018) Fair Value Through Other Comprehensive Income Amortised Cost Quoted Fixed rate Unquoted Floating rate State of Qatar 7,658 State of Qatar 3,175 Sovereign Debt 0 Sover
Slide 20: Robust growth in customer deposits and funding
Robust growth in customer deposits and funding Funding Analysis (as at 31 March) Total Customer Deposits Evolution 2018 Split of Deposits (%) USD billion By Sector By Type By Geography Qatar 55.1 5 yrs: 17% 165.9 Govt. & Time Govt. Agencies 35.0 76.5 Impacted Deposits 0.1 148.6 GCC Other GCC 1.8 110
Slide 21: Solid liquidity profile
Solid liquidity profile Liquidity Analysis (as at 31 March) Loans to Deposits Ratio Evolution 2018 Sources of Liquidity % % of total liabilities 94.4% 99.7% 99.0% 99.0% 92.1% Due to Banks 9.9 Customer Deposits 79.4 Debt 3.6 Securities 2014 2015 2016 2017 2018 Other 3.4 Borrowings Liquid Assets1 Evol
Slide 22: Strong capital adequacy ratio maintained above QCB and Basel III requirements
Strong capital adequacy ratio maintained above both QCB and Basel III requirements Capital Analysis (as at 31 December unless stated) Total Equity1 Evolution Basel III Capital Adequacy Ratio USD billion x Gearing2 % 20.2 20.1 18.4 16.5 16.0 15.4 (QCB) 2016 2017 Mar-18 2017 Mar-2018 10.7 11.1 11.4 •
Slide 23: Diversifying business mix will bolster sustainable growth
Diversifying business mix will bolster sustainable growth Business Mix Contribution (% share as at 31 March 2018) Lines of Business Net Profit1 Op. Income Loans Deposits 87 77 89 76 • Maintain dominant domestic Group market share Corporate • Grow international contribution • Nurture SME business in
Slide 24: IFRS 9 Implementation: Additional buffer for long term earnings stability
IFRS 9 Implementation: Additional buffer for long term earnings stability Financial Impacts • QNB implemented IFRS 9 with effect from 1 January 2018 based on the QCB guidelines. • Day1 transition impact amounted to USD696 million (net of tax) from IFRS 9 has been charged to the opening retained earn
Slide 25: QNB Group Financials
QNB Group Financials Key data (as at 31 March 2018) QNB QNB incl. QNB ALAHLI QNB incl. QNB Finansbank % Contribution of QNB AA % Contribution of QNB Finansbank Financials Ratios Presence USD billion 0.94 229 20.5% 110% 28,094 104% 197 16.9% 94% 0.75 186 16.0% 0.68 164 166 147 135 141 136 16,242 10,1
Slide 26: Economic Overview
Economic Overview
Slide 27: Qatar is endowed with major oil and gas reserves, making it the richest country
Qatar is endowed with major oil and gas reserves, making it the richest country in the world • Text Oil and gas reserves per capita (2017) GDP per capita (2017) k barrels of oil equivalent (boe) k USD PPP Qatar 70.9 Qatar 125 Kuwait 26.8 Luxembourg 109 UAE 14.0 Singapore 91 Venezuela 10.8 Brunei 77
Slide 28: Qatar is using its reserves to diversify the economy through major investments
Qatar accumulated large reserves during its hydrocarbon expansion and is now using these reserves to diversify the economy through major investments Real GDP Growth by Sector %, year-on-year Hydrocarbon Non-Hydrocarbon 30% Hydrocarbon Phase 25% Diversification Phase 20% 15% 10% Qatar’s National 5% V
Slide 29: Qatar's fundamentals remain on a stable footing
Qatar’s fundamentals remain on a stable footing Exports/ Imports from/ to Qatar (USD bn) Deposits (USD bn) Public sector funding Private sector funding Other Exports Imports 8 7 378 358 6 92 87 90 91 90 86 85 86 90 87 5 4 7.1 7.0 184 183 183 184 188 193 196 198 188 3 5.9 5.8 6.0 6.1 219 5.6 5.7 5.0
Slide 30: Qatar remains one of the highest rated sovereigns in the world
Qatar remains one of the highest rated sovereigns in the world Moody’s Sovereign Ratings1 AAA US, Germany, Canada, Australia, N Zealand, Switz’nd, Norway, Sweden, Denmark, Neth’lands, Lux’bourg, Singapore Aa1 Austria, Finland Aa2 UK, France, South Korea, Hong Kong, Isle of Man Investment Grade Aa3 Q
Slide 31: Qatar's large infrastructure investment programme remains undisrupted
Qatar’s large infrastructure investment programme remains undisrupted; new potential for further investment is arising in the medium to long-term Project Pipeline Budget Project End (bn USD) Lusail Mixed-Use Potential Investment Opportunities 45.0 2022 Development truction Cons- Education City 9.0 2
Slide 32: With sustainable and growing reserves Qatar can maintain the peg
With sustainable and growing reserves Qatar can maintain the peg, offset outflows, support banks and continue its investment spending Preserve the peg Offset potential outflows Easily cover Qatari Riyal deposits Public sector deposits up by and currency in circulation of 50.1% from May-Feb 23% of GD
Slide 33: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • These materials contain statements about future events and expectations that are forward-looking statements. • These statements typically