Bank Alfalah Limited · PSX:BAFL
Bank Alfalah — 9M 2014 Earnings Presentation
15 slides from Bank Alfalah's earnings presentation, Nov 7, 2014
Slide 1: Analyst Briefing – 9M 2014 Performance Review & Outlook
Analyst Briefing – 9M 2014 Performance Review & Outlook 07 November 2014
Slide 2: Basic Data & Market Positioning
Basic Data & Market Positioning Commencement of operations 1997 Head Quarters Karachi Major Sponsors Dhabi Group Credit Rating (Long Term/ Short Term) AA / A1+ Branches 605 (including 148 Islamic Branches) Cities Covered 208 cities in Pakistan, 7 cities overseas International Presence 11 Internation
Slide 3: Balance Sheet Snapshot
Balance Sheet Snapshot Amount PRs Mn Sep‐13 Dec‐13 Sep‐14 YoY YTD Balance sheet size increased by 16% YoY to Cash 62,375 61,205 44,844 ‐28% ‐27% PRs667bn. Bal with banks 28.542 35,180 13,796 ‐52% ‐61% Lending to FIs has Lending to FI 2,480 2,522 40,690 1541% 1513% improved with excess Advances (
Slide 4: Profit & Loss Snapshot
Profit & Loss Snapshot Amount PRs Mn 3Q13 3Q14 YoY 9M13 9M14 YoY Net Interest Income (NII) increased 24% YoY, backed by volumetric growth. Interest Income 10,851 14,796 36% 32,291 39,834 23% Interest Expenses 6,195 8,892 44% 19,772 24,362 23% Revenue improved due to earning assets mix shifting N
Slide 5: Key Ratios
Key Ratios Amount PRs Mn 3Q13 4Q13 1Q14 2Q14 3Q14 NIMs improved due to shift in investment mix IS & Bal Sheet and deployment of excess liquidity in Islamic ROA 1.0% 0.9% 0.7% 0.9% 0.8% banking. ROE exc. surplus 21.2% 19.7% 16.6% 22.0% 19.6% Cost to income ratio has NIM 3.9% 3.5% 3.3% 3.9% 4.1% r
Slide 6: 3Q14 Performance Review
| 3Q14 Performance Review é paedizy a} BANK ALFALAH
Slide 7: Advances & Asset Quality Trends
Advances & Asset Quality Trends Contained NPL accretion Coverage maintained at 70% NPLs NPLs/gross advances Provisions Coverage 12% 50 100% 25 10% 40 80% 68% 69% 68% 70% 70% 20 8.5% 8% 6.8% 30 60% 15 6.6% 6.2% 6.5% 15 6% 20 40% 12 12 12 13 10 21 18 18 18 19 4% 10 20% 5 2% ‐ 0% ‐ 3Q13 4Q13 1Q14 2Q14
Slide 8: Deposit Mix & Cost
Deposit Mix & Cost Continuous deposit growth CASA continues to remain strong 600 500 564 71% 70% 500 526 400 72% 367 457 69% 374 400 300 328 401 64% 57% 277 300 354 200 325 225 184 200 100 100 ‐ 2009 2010 2011 2012 2013 Sep‐14 2009 2010 2011 2012 2013 Sep‐14 Cost of deposits trend Deposits compositi
Slide 9: Appendix
| Appendix d yard ey} BANK ALFALAH
Slide 10: Balance Sheet Summary
Balance Sheet Summary CAGR Amount in PRs Mn 2009 2010 2011 2012 2013 (2009‐13) Cash & Bal. with treasury bank 35,056 41,198 50,883 58,044 61,205 15% Balances with other banks 22,723 16,179 17,424 26,721 35,180 12% Lending to FIs 14,947 6,498 7,765 877 2,522 ‐36% Advances (net) 188,042 207,153 198,46
Slide 11: Profit & Loss Summary
Profit & Loss Summary CAGR Amount in PRs Mn 2009 2010 2011 2012 2013 (2009‐13) Interest income 35,561 37,530 44,298 46,080 43,961 5% Interest expense 24,654 23,855 25,687 27,500 27,066 2% Net interest income 10,907 13,675 18,611 18,580 16,895 12% NPL Provisions 3,754 2,269 1,870 1,850 959 ‐29% Inves
Slide 12: Key Ratios
Key Ratios 2009 2010 2011 2012 2013 Capital Adequacy Ratio (Tier‐I) 8.1% 7.1% 8.6% 8.5% 8.4% Capital Adequacy Ratio Total 12.5% 10.5% 11.6% 12.6% 12.1% Net Interest Margins 3.5% 4.1% 5.1% 4.4% 3.5% Admin Cost to Income Ratio 67.9% 68.4% 57.7% 58.8% 68.7% Non Interest Income as % of total 32.2% 25.6%
Slide 13: Stock Market Related Data
Snapshot of the Bank Stock Market Related Data Bloomberg Code BAFL PA Reuters Code BAFL.KA Shares Outstanding (mn) 1349.16 Market Capitalization (PRsbn) 41.96 Market Capitalization (US$mn)* 409.39 Average Daily Turnover (mn shares) 3.65 Average Daily Turnover (US$mn)* 1.0 Current Stock Price** 31.10
Slide 14: Disclaimer
Disclaimer This presentation contains forward‐looking statements. Forward‐looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as
Slide 15: Contact Information
Contact Information For any queries: Imtiaz Gadar, CFA Head of Public Markets Bank Alfalah Limited Ph# +92 21 3241 6979 +92 21 3242 3617 Imtiaz.gadar@bankalfalah.com 15