Dubai Islamic Bank Pjsc · DFM:DIB
Dubai Islamic Bank Pjsc — Noor Bank PJSC — Debt Investor Presentation (August 2018)
27 slides from Dubai Islamic Bank Pjsc's debt investor presentation, August 2018
Slide 1: Investor Presentation
INVESTOR PRESENTATION August 2018 © 2017 CONFIDENTIAL © 2018 CONFIDENTIAL 1
Slide 2: Table of Contents
Table of Contents Section 1 Overview of Noor Bank 3 Section 2 Business Overview 9 Section 3 Financial Performance 14 Appendix 1 Operating Environment 23 2
Slide 3: Overview of Noor Bank
Overview of Noor Bank Snapshot Financial Highlights USD Mn 2013 2014 2015 2016 2017 H1-2018 Established by the Government of Dubai in 2007 and Cash & Balances with UAE CB 951 924 2,027 919 1,246 1,284 commenced operations in January 2008 Islamic Financing Instruments 3,906 4,911 6,318 7,056 7,473
Slide 4: Strategic Sovereign & Ruling Family Ownership
Strategic Sovereign & Ruling Family Ownership Noor Bank is the only UAE Bank to have joint ownership by Dubai & Abu Dhabi Ruling Families and the Dubai & UAE Federal Governments “ We want Noor to be like Dubai, a ” progressive, tolerant Islamic Bank. and members – His Highness Sheikh Other of the Ru
Slide 5: Strong and Influential Board
Strong and Influential Board The Bank’s board has been appointed by the Government of Dubai Overview of the Current Board of Directors H.H. Sheikh Ahmed Bin Mohd Bin Rashid Al Maktoum, Chairman Member of the Dubai Ruling Family Select Roles: Chairman of Mohammed bin Rashid Al Maktoum Foundation,
Slide 6: Leading Shari'a Supervisory Committee
Leading Shari’a Supervisory Committee The Bank’s Shari’a Supervisory Committee, a separate and independent entity that is appointed by the Board, comprises of leading Islamic scholars who have extensive experience and expertise in legal, financial and banking-related matters Overview of Shari’a Supe
Slide 7: Overview of Noor Bank's History
Overview of Noor Bank’s History Resilience demonstrated through tough times 7
Slide 8: Table of Contents
Table of Contents Section 1 Overview of Noor Bank 3 Section 2 Business Overview 9 Section 3 Financial Performance 14 Appendix 1 Operating Environment 23 8
Slide 9: We have redefined our vision, mission and values
We have redefined our vision, mission and values… To be recognised as the Empowering people to deliver world’s best contemporary outstanding customer Shari’a compliant bank experiences Vision Mission To make a difference for the better Values Empowering, enabling and engaging Integrity Strat
Slide 10: Strategic Priorities
Strategy Noor Bank’s new strategy is focused on customer service and employees, while improving efficiency and processes to provide a sustainable growth platform Becoming simpler and Delivering outstanding more efficient through customer experiences technology and analytics Strategic Priorities Enab
Slide 11: Value Proposition
Value Proposition Diversified Earning Base Prominent Shareholders Strong Board, Experienced Consistent Profitability & Management and Progressive Stringent Cost Management Shari’a Supervisory Committee Innovative Product Portfolio Prudent Risk Management with Strong Customer Relationships Well Manag
Slide 12: Overview of Business Segments
Overview of Business Segments The Bank offers a comprehensive range of Shari’a-compliant products and services in corporate banking, retail banking, investment banking & financial institutions and treasury Overview of Business Segments Corporate Banking Retail Banking Operates a full service corpo
Slide 13: Table of Contents
Table of Contents Section 1 Overview of Noor Bank 3 Section 2 Business Overview 9 Section 3 Financial Performance 14 Appendix 1 Operating Environment 23 13
Slide 14: Snapshot of Financial Performance
Snapshot of Financial Performance Strong Balance Sheet growth faster than the market, driving income growth Growth USD Mn (unless otherwise CAGR 2013 2014 2015 2016 2017 H1-2017 H1-2018 H1’17 vs. stated) vs. 2013 H1’18 Strong performance in 2018 on the Balance Sheet Items back of record H1 profits
Slide 15: Well Managed Growth
Well Managed Growth While Noor Bank has experienced strong growth, considerably higher than its industry peers, it has maintained a prudent risk management approach Asset & Deposit Growth Noor Bank has achieved one of the highest growth in its assets over the last few years, as a result of a focused
Slide 16: Stable Deposit Base and Strong Credit Quality
Stable Deposit Base and Strong Credit Quality Relative to UAE banks, Noor Bank enjoys a stable deposit base and strong credit quality with impaired financing and coverage ratios being better than the industry average Deposit Stability (CASA as % of Deposits) Impaired Financing Ratio (%) High percent
Slide 17: Operating Performance and Profitability
Operating Performance and Profitability The Bank has continued to report strong operating income while improving its operating efficiency Operating Income (USD Mn) Components of Operating Income (USD Mn) Net Income from Islamic Financing Fees and Other Income 530 and Sukuk 463 380 203 190 276 138 53
Slide 18: Asset Quality
Asset Quality Robust and improving asset quality on the back of a prudent risk policy Impaired Financings (USD Mn) Strong Coverage Levels (USD Mn) Impaired Financings Impaired Financing Ratios Allowance for Impairment Impairment Coverage Ratio 151.1% 148.2% 9.5% 7.3% 122.8% 112.9% 105.5% 95.0% 5.1%
Slide 19: Funding Overview
Funding Overview Noor Bank maintains a strong and stable liquidity funding position Customer Deposits (USD Mn) Breakdown of Deposits Overview of Funding Mix (30 Jun 2018) Sukuk Customer Deposits Financings to Deposits Term Deposits CASA¹ financing Other instruments 96.7% 9% 90.5% liabilities 87.0% 3
Slide 20: Capitalisation
Capitalisation Regulatory Capital Base (USD Mn) Overview of Capitalisation (%) CET 1 Ratio [Regulatory Minimum: 8.25%]* Tier 1 Ratio [Regulatory Minimum: 9.75%]* 1,666 1,657 Capital Adequacy Ratio [Regulatory Minimum:11.75%]* 1,515 18.1% 17.9% * 17.60% 17.3% 1,151 16.3% 1,051 14.6% 15.2% 13.90% 839
Slide 21: Closing Remarks
Closing Remarks Strategic UAE Shareholding Economy - resilient, diversified and strong regulatory support Well positioned for growth with Islamic banking being one of the fastest growing sectors Refreshed Strategy New Board and Management Team 21
Slide 22: Table of Contents
Table of Contents Section 1 Overview of Noor Bank 3 Section 2 Business Overview 9 Section 3 Financial Performance 14 Appendix 1 Operating Environment 23 22
Slide 23: Overview of the United Arab Emirates
Overview of the United Arab Emirates Snapshot of the UAE UAE GDP Composition The United Arab Emirates (rated Aa2 by Moody’s) comprises seven For the Full-Year ended 31 December 2016 Emirates with Abu Dhabi and Dubai being the largest contributors to its gross domestic product (“GDP”). 10% 17% Mini
Slide 24: Overview of Dubai
Overview of Dubai Snapshot of Dubai Foreign Trade (USD Bn) The Emirate of Dubai is the second largest Emirate in the UAE after the 148 156 137 140 146 141 Emirate of Abu Dhabi. Dubai is situated on the west coast of the UAE in the 120 99 south-western part of the Arabian Gulf. 87 70 83 82 74 78 80
Slide 25: Overview of UAE Banking Sector
Overview of UAE Banking Sector Snapshot of the UAE Banking Sector Key Industry Indicators (USD Bn) The UAE banking industry, which is the largest banking industry in the GCC, comprises of 22 2013 2014 2015 2016 2017 H1-2018 domestic banks and 26 foreign banks. The industry is regulated by the UA
Slide 26: Thank You
Thank You 26
Slide 27: Disclaimer
Disclaimer IMPORTANT: The following applies to this document, the oral presentation of the information in this document by Noor Bank PJSC (“Noor Bank”) or any person on behalf of Noor Bank, and any question- and-answer session that follows the oral presentation (collectively, the “Information”). In
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