Pt Bank Qnb Indonesia Tbk · IDX:BKSW
Pt Bank Qnb Indonesia Tbk — QNB Group — Investor Presentation (March 2024)
59 slides from Pt Bank Qnb Indonesia Tbk's investor presentation, March 2024
Slide 1: Investor Relations Presentation
Investor Relations Presentation March 2024 Download our IR Application
Slide 2: Contents
Contents 1.QNB at a Glance 2.QNB Comparative Positioning – Qatar and MEA 3.Financial Highlights 4.Sustainability 5.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, numbers may
Slide 3: QNB at a Glance
QNB at a Glance
Slide 4: QNB is a strong and highly rated bank with international footprint
QNB is a strong and highly rated bank with international footprint #1 bank in the Middle East and Africa across all balance sheet metrics International network with presence in more than 28 countries Most valuable banking brand in the Middle East and Africa, worth USD 7.7 Bn1 About 30,000 employees
Slide 5: QNB's International Footprint
QNB's International Footprint Sub-Saharan Africa Middle East Qatar: (48 Branches) South Sudan: (1 Branch) KSA: (2 Branches) Togo: (669 Branches3 across Africa, through 20.1% stake in Ecobank) UAE: (61 +11 Branches, 40.0% stake in CBI) Asia Syria: (8 +291 Branches, 50.8% stake in QNB Syria) Indonesia
Slide 6: QNB Comparative Positioning – Qatar and MEA
QNB Comparative Positioning – Qatar and MEA
Slide 7: Top Listed Domestic Banks – March 2024
Top 5 Listed Domestic Banks – March 2024 QNB continues to excel in the domestic market Assets Loans 339.7 238.3 52.7 45.7 43.8 34.3 29.4 31.0 24.6 22.2 Deposits Net Profit 241.6 1.13 0.27 0.22 33.8 28.9 0.11 0.11 21.8 21.6 Note: All amounts are in USD billions Source: Banks’ March 2024 Press Release
Slide 8: Top Listed MEA Banks – March 2024
Top 5 Listed MEA Banks – March 2024 QNB maintains its position as the leading bank in the region across all balance sheet categories Assets Loans 339.7 336.3 238.3 286.0 245.7 223.0 166.7 162.4 138.4 127.0 Deposits Net Profit 241.6 1.83 218.7 175.0 166.2 1.34 161.1 1.17 1.14 1.13 Note: All amounts a
Slide 9: QNB is the leading financial institution in the MEA region with regards to brand value
QNB is the leading financial institution in the MEA region with regards to brand value Brand value (USD Bn) Top MEA banking brands Key highlights • QNB retains the most valuable Banking Brand in Middle East and Africa region 7.67 • 2023 Brand Value for Group increased to USD 7.67 billion 5.66 • Bran
Slide 10: Financial Highlights
Financial Highlights
Slide 11: QNB Group demonstrate sustainable growth
QNB Group demonstrate sustainable growth Financial Highlights (as at 31 March 2024) Growth vs. March 2023 • Net interest margin (NIM)2: 2.62% Profit1 • USD1.14 billion +7% • Cost to income ratio: 21.7% • Earnings per share: USD 0.12 • USD339.7 billion assets +5% • NPL (% of gross loans): 2.9% Assets
Slide 12: QNB ALAHLI
QNB ALAHLI Financial Highlights (as at 31 March 2024) Growth vs. March 2023 • USD176.6 million • Net interest margin (NIM)2: 6.72% 27% Profit1 (EGP6.3 billion) (+50%) • Cost to income ratio: 17.9% • USD15.5 billion assets -9% (EGP735.1 billion) (+40%) • NPL (% of gross loans): 5.3% Assets • USD6.4 b
Slide 13: QNB FINANSBANK
QNB FINANSBANK Financial Highlights (as at 31 March 2024) Growth vs. March 2023 • Net interest margin (NIM)2: 7.10% • USD3.0 million -98% Profit1 (TRY0.1 billion) (-96%) • Cost to income ratio: 32.8% • USD37.1 billion assets +5% (TRY1,202 billion) (+78%) • NPL (% of gross loans): 1.5% Assets • USD21
Slide 14: Enpara Digital Bank (pro-forma standalone operations)
Enpara Digital Bank (pro-forma standalone operations) Financial Highlights (as at 31 March 2024) Growth vs. March 2023 • USD78.1 million • Cost to income ratio: 23.0% +17% Profit1 (TRY2.5 billion) (+97%) • Net Interest Margin (NIM): 11.7 % 22%2 of QNB Finansbank • USD2.3 billion loans • NPL (% of gr
Slide 15: Strong domestic franchise with widespread geographical footprint contributes to diversification and growth
Strong domestic franchise with widespread geographical footprint contributes to diversification and 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 1.14 238.3 2
Slide 16: Consistent Profitability and Cost Discipline
Consistent Profitability and Cost Discipline 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: 3.0% 5 yrs: 11% 1.14 2.85 5 yrs: 11% 1.07 2.22 0.98 0.99 2.55 0.91 1.98 2.12 1.72 1.84 1.83 1.48
Slide 17: Asset growth driven by lending activities mainly in USD and QAR
Asset growth driven by lending activities mainly in USD and QAR Assets Analysis (as at 31 March) Total Assets Evolution 2024 Split of Assets (%) USD billion By Type By Currency 5 yrs: 7% 339.7 Cash and 323.6 Balances with 7.2 QAR 24.9 304.5 286.4 Central Banks 264.9 USD 47.8 Due from 7.0 Banks TRY 5
Slide 18: Stable loan momentum
Stable loan momentum Loan Analysis (as at 31 March) Total Loans Evolution 2024 Split of Loans (%) USD billion By Geography By Sector1 5 yrs: 7% 238.3 Govt. & Govt. Qatar 79.7 36.5 222.4 Agencies 209.6 194.5 198.0 Turkey 9.1 Services/ 41.1 Commerce Egypt 2.8 Industry 4.2 Europe 2.6 Real Estate & 9.1
Slide 19: High quality lending portfolio is underpinned by low NPL ratios
High quality lending portfolio is underpinned by low NPL ratios Asset Quality Analysis Non Performing Loans (NPL) by Segment • QNB has continued to x increase its provisions in USD million Total NPL’s response to the global 6,505 7,239 6,921 economic situation on 5,595 account of economic 4,935 5,17
Slide 20: High quality investment portfolio with 66% of securities rated AA or Sovereign
High quality investment portfolio with 66% of securities rated AA or Sovereign Investments Analysis (USD million as at March 2024) Fair Value Through Other Comprehensive Income Amortised Cost Quoted Fixed rate Unquoted Floating rate State of Qatar 3,899 State of Qatar 8,274 Sovereign Debt 0 Sovereig
Slide 21: Robust growth in customer deposits and funding
Robust growth in customer deposits and funding Funding Analysis (as at 31 March) Customer Deposits Evolution 2024 Split of Deposits (%) USD billion By Sector By Type By Geography 5 yrs: 7% Qatar 58.5 241.6 Govt. & Time Govt. 28.2 77.8 227.3 Deposits 216.5 Agencies GCC 2.5 205.9 194.0 Europe 13.3 Sav
Slide 22: Solid liquidity profile
Solid liquidity profile Liquidity Analysis (as at 31 March) Loans to Deposits Ratio Evolution Sources of Liquidity % % of total liabilities 100.2 96.1 96.8 97.9 98.6 Due to 12.7 Banks Customer 77.8 Deposits Debt Securities 3.3 2020 2021 2022 2023 2024 Other 2.6 Borrowings Liquid Assets1 Evolution Ot
Slide 23: Strong capital adequacy ratio maintained above both QCB and Basel III reform requirements
Strong capital adequacy ratio maintained above both QCB and Basel III reform requirements Capital Analysis (as at 31 March) Basel III Capital Adequacy Ratio including Reform Requirements % 19.1 18.0 14.3 17.0 (QCB) 14.0 (QCB) 12.0 (QCB) CET 1 Tier 1 Total CAR • Capital adequacy ratio is above QCB an
Slide 24: Diversifying business mix will bolster sustainable growth
Diversifying business mix will bolster sustainable growth Business Mix Contribution (% share as at 31 March) Lines of Business Net Profit1 Op. Income Loans Deposits 90 78 71 81 • Maintain dominant domestic market share Group Corporate • Grow international contribution • Nurture SME business in Qatar
Slide 25: IFRS 9 – Additional buffers for long-term earnings stability
IFRS 9 – Additional buffers for long-term earnings stability • QNB implemented IFRS 9 with effect from 1 January 2018 based on the QCB guidelines. Financial Impacts • As per QCB instructions, ECL impact has been treated as Tier 2 Capital for CAR purposes with no amortisation of the transition impact
Slide 26: QNB Group Financials
QNB Group Financials Key data (as at March 2024) % Contribution of QNB AA QNB excluding QNB AA and QNB Finansbank QNB incl. QNB ALAHLI QNB incl. QNB Finansbank % Contribution of QNB Finansbank Financials Presence USD billion 2.85 340 30,751 303 287 2.09 242 238 210 217 219 1.67 206 16,288 1.14 1.14
Slide 27: Sustainability
Sustainability
Slide 28: Sustainability entails delivering positive impact in the pillars and topics of ESG
Sustainability entails delivering positive impact in the pillars and topics of Environmental, Social and Governance (ESG) Universal sustainability topics mapped against the pillars of ESG ESG Pillars Environmental Social Governance Climate change Human rights Board oversight Carbon emissions Labour
Slide 29: QNB engages key stakeholder groups to formulate, prioritise and report upon the sustainability topics
QNB engages key stakeholder groups to formulate, prioritise and report upon the sustainability topics most material to them Define Sustainability strategy and framework to address material topics Map material topics to ESG frameworks (e.g., UNSDGs2) Prioritise impacts based on significance and deter
Slide 30: QNB has established its sustainability framework and strategy along the pillars of ESG
QNB has established its sustainability framework and strategy along the pillars of ESG to actively and positively address material topics Environmental Social Governance QNB Sustainability Framework Climate and ESG in financing Data security and privacy Sustainable finance SMEs, entrepreneurship, Cu
Slide 31: QNB has delivered and achieved a number of key ESG milestones
QNB has delivered and achieved a number of key ESG milestones across all areas of our sustainability framework As at 31 December 2023 Sustainable USD 9 Bn Sustainable ESRM1, climate 37 sustainable Finance and finance of sustainable Product scenarios, scope products and Transition to Greener financin
Slide 32: Sustainable finance at a glance
Sustainable finance at a glance As at 31 December 2023 Financing Customer experience Climate scenarios USD 9 Bn 87% and scope 3 Sustainable financing Digital transactions (online & mobile financed portfolio, including as a % of total) environmentally friendly, emissions low carbon activities Coverin
Slide 33: QNB is proactively addressing both climate risk and opportunities
QNB is proactively addressing both climate risk and opportunities in its governance, financing and engagement activities Evaluating and managing risks Identifying and capturing opportunities • Group governance in • Market leading line with TCFD Sustainable Finance and Product Framework • ESRM: exclu
Slide 34: QNB's SFPF is the first of its type in Qatar, market leading in region
QNB’s SFPF1 is the first of its type in Qatar, market leading in region, and aligned with international principles • QNB Group Sustainable Finance and Product Framework (SFPF) Framework and SPO • ISS Corporate Solutions Second Party Opinion (SPO) Sustainable Finance SFPF scope Sustainability- Transi
Slide 35: QNB's SFPF is aligned with international taxonomies, eligibility criteria, and standards
QNB’s SFPF is aligned with international taxonomies, eligibility criteria, and standards to enable and drive ESG and climate financing Sustainable Finance Transition Sustainability- Finance¹ Green/ Social Activities Linked • Ambitious and relevant • Credible climate Sustainability transition plan Pe
Slide 36: QNB continues to leverage the SFPF and client engagement to grow its sustainability portfolio
QNB continues to leverage the SFPF and client engagement to further develop and grow its sustainability portfolio As at 31 December 2023 QNB Group’s total sustainable lending portfolio USD 9 Bn Sustainability-linked loans >70% USD 820 Mn Sustainable investments1 Increase in green Social loans USD 14
Slide 37: QNB is recognised as a leader in sustainable financing
QNB is recognised as a leader in sustainable financing, launching a number of pioneering products and transactions into the market Environmental impact of QNB’s debut USD 600 Mn Green Bond issuance Green Green Repurchase Mortgages Agreements 486,072 tCO2e Lifetime avoided GHG emissions Electric Gree
Slide 38: Sustainable operations at a glance
Sustainable operations at a glance As at 31 December 2023 Environmental impact Gender diversity 100% 20% 0.92 Energy from renewable sources in QNB Finansbank % Women Board Female/ members in our male pay 14001 & 50001 subsidiaries ratio ISO certifications for Environmental and Energy2 Management 33%
Slide 39: Integrating ESG into our operations to align with international best practices
Integrating ESG into our operations to align with international best practices and embed sustainability in our DNA Commitment to global and regional frameworks Focus on our people – employee value proposition • Continued emphasis on diversity, inclusion, and nationalisation for our people and talent
Slide 40: QNB is recognised as a regional leader in climate financing and ESG initiatives
QNB is recognised as a regional leader in climate financing and ESG initiatives through external ratings and international awards As at 31 March 2024 Disclosures 2021 2022 2023 Rank (GCC Banks) AA A A #1= n First in GCC 42 46 50 nd rd #1 (62 percentile) (83 percentile) (85th percentile) Medium risk
Slide 41: Economic Overview
Economic Overview
Slide 42: Qatar is strategically located between Europe and Asia and possesses one of the largest gas reserves
Qatar is strategically located between Europe and Asia and possesses one of the largest gas reserves in the world Comments • Qatar is a peninsula located in the Persian Gulf and is a member of the Gulf Cooperation Council (GCC) • Qatar’s total population is around 3 million • Qatar is endowed with t
Slide 43: Qatar's hydrocarbon production generates significant wealth via exports
Qatar’s hydrocarbon production generates significant wealth via exports and has fueled substantial current account surpluses Hydrocarbon production Current account surplus Mn boe Cumulative, USD Bn 5.5 500 5.0 450 4.5 400 4.0 350 3.5 300 3.0 250 2.5 200 2.0 150 1.5 1.0 100 0.5 50 0.0 0 2000 2005 201
Slide 44: The development of Qatar's vast hydrocarbon reserves make it one of the richest countries
The development of Qatar’s vast hydrocarbon reserves make it one of the richest countries in the world Hydrocarbon reserves per capita (2021) GDP per capita (2022) thousand barrels of oil equivalent (boe) thousand USD PPP Qatar 144 Luxembourg 117 Kuwait 24 Ireland 113 UAE 14 Singapore 108 Venezuela
Slide 45: Robust fiscal and external position allows for significant surpluses
Robust fiscal and external position allows for significant surpluses even at much lower oil prices Definition GCC projected breakeven prices 2024 (USD per barrel) • Brent crude oil price Fiscal at which the fiscal breakeven account would be at price balance 42 54 58 64 80 • Brent crude oil price Ext
Slide 46: Qatar benefits from solid trade relations and robust energy partnerships
Qatar benefits from solid trade relations and robust energy partnerships Qatar’s external sector Directions of trade (2022) Exports Imports Destination (USD Bn) Source (USD Bn) • HC: LNG, condensates, oil, gas China 20.8 China 5.4 Exports • Non-HC: petrochemicals, India 15.1 US 4.9 fertilizers, chem
Slide 47: Qatar is a leading LNG exporter and benefits from a clear cost advantage
Qatar is a leading LNG exporter and benefits from a clear cost advantage vis-à-vis other exporters LNG export capacity (2024) LNG projects cost curve Million metric tons per annum (Mtpa) USD/mmBtu 16 US 93 14 Australia 88 12 Qatar 77 10 8 Russia 31 6 Algeria 25 4 Indonesia 23 2 0 Nigeria 23 Qatar US
Slide 48: Long-term prospects for LNG demand remain robust
Long-term prospects for LNG demand remain robust, creating attractive opportunities for suppliers that are competitive and reliable Global LNG market demand (Mtpa*) Rationale – the case for gas Energy security 5-year forecast 600 • Natural gas is critical to global energy CAGR: 6.4% demand 484 Susta
Slide 49: North Field Expansion project will increase LNG output by 85%
Qatar is responding to this demand and opportunity with the North Field Expansion project, which will increase LNG output by 85% Qatar’s share of global LNG market • Globally Qatar is the largest LNG exporter with a market share of 20-30% of total LNG exports Million metric tons per annum (Mtpa) • I
Slide 50: Qatar introduced a diversification strategy via Qatar National Vision 2030
To reduce reliance on hydrocarbon (HC) revenues, Qatar introduced a diversification strategy via Qatar National Vision 2030 (QNV 2030) QNV 2030 Comments QNV 2030 aims to promote diversification away from oil and foster human, social, economic and environmental development: Knowledge based Human deve
Slide 51: Economic diversification has accelerated over the last decade
Economic diversification has accelerated over the last decade in order to achieve the QNV 2030 Real GDP Growth by Sector %, year-on-year 28 26 24 Hydrocarbon 22 Non-Hydrocarbon 20 18 16 14 Accelerated Diversification 12 10 8 6 4 2 0 -2 -4 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2
Slide 52: Qatar's 3rd National Development Strategy aims to support execution of QNV 2030
Qatar’s 3rd National Development Strategy (QNDS3) aims to support the execution of the QNV 2030 through seven key strategic outcomes Qatar’s NDS 3 (2024 – 2030) • Adopt a sustainable growth model to transform into a competitive, 1. Sustainable Economic Growth productive, diversified, and innovative
Slide 53: Qatar's sustainable economic growth model incorporates four key elements
Qatar’s sustainable economic growth model incorporates four key elements Qatar’s NDS 3 Sustainable Economic Growth Model Energy Sector • Qatar will further strengthen its role as a global energy leader and build a position in new emerging fields of low- carbon energy. Business Environment • To posit
Slide 54: Qatar's development strategy spurs economic growth along two dimensions
Qatar’s development strategy spurs economic growth along two dimensions Qatar’s NDS 3 • North Field Expansion – North Field East – North Field South – North Field West HC • Project Ru’ya – Third phase of Al-Shaheen’s development • Brownfield projects – Al-Shaheen and Dukhan • Downstream manufacturin
Slide 55: Qatar's development strategy is set to achieve significant growth
Qatar’s development strategy is set to achieve significant growth over the next several years Expected real GDP growth (2022-2030) Comments Assumptions CAGR 2022-2030 345 Total 4.8% • HC 46% – All phases of the North growth Field Expansion project are delivered 236 185 Non- – Ru’ya and brownfield HC
Slide 56: Qatar hospitality sector: Post World Cup visitor surge
Qatar hospitality sector: Post World Cup visitor surge driven by state of the art infrastructure and value; targeting adjacent markets Visitors (thousands) Hotel Room Keys and Occupancy1 75% Total Visitors1 67% 57% 58% 2020 581 56% 2021 611 2022 2,560 FIFA World Cup 2022 37,586 39,233 39,715 28,300
Slide 57: Qatar is one of the highest rated sovereigns in the world
Given its wealth and stable outlook, Qatar is one of the highest rated sovereigns in the world Standard & Poor’s Sovereign Ratings* Moody’s Sovereign Ratings* Germany, Canada, Switzerland, Norway, Sweden, Germany, Canada, Switzerland, Norway, Sweden, AAA Netherlands, Luxembourg, Singapore Aaa Nether
Slide 58: Qatar's banking and financial system remains resilient and healthy
Qatar’s banking and financial system remains resilient and healthy Financial Soundness Indicators (2019-2022, %) 2019 2020 2021 2022 Capital Adequacy Tier 1 capital/risk-weighted assets 17.5 17.6 18.0 18.1 Regulatory capital/risk-weighted assets 18.6 18.8 19.2 19.3 Asset Quality Non-performing loans
Slide 59: 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