Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — Q2 2020 Earnings Presentation
35 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, July 2020
Slide 1: Investor Relations Presentation 2Q20
INVESTOR RELATIONS PRESENTATION 2Q20
Slide 2: Table of Contents
TABLE OF CONTENTS Overview …… 3 About CIB …… 10 Financial Review …… 29 Conclusion …… 34
Slide 3: Disclaimer
Overview | About CIB | Financial Review | Conclusion Disclaimer By attending the meeting where this presentation is made or distributed, or by reading the presentation slides, you agree with the following limitations: • The information in this presentation may contain future projections and forward‐
Slide 4: Egypt's Fact Sheet
Overview | About CIB | Financial Review | Conclusion Egypt’s Fact Sheet Country Profile Name Arab Republic of Egypt Capital Cairo Currency Egyptian Pound (EGP) Total area c.1,002,000 sqm.km Inhibited area 7.88% of total area Governorates 27 Demographics Population 100.6mn² Median age 24.1²* Labor fo
Slide 5: Macro-Environment and Real Sector
Overview | About CIB | Financial Review | Conclusion Macro-Environment and Real Sector Real GDP Growth* (%) Inflation (%) Reform-led boom 8.9% 11.6% 10.9% 8.6% 8.8% 7.9% 9.2% 8.9% 11.1% 8.5% 8.3% 8.6% 8.1% 7.8% 7.1% 7.2% Global financial crisis 6.4% 5.9% 17.7% 4.9% 5.1% 5.3% 5.1% 16.0% 15.7% 2.4% 2.
Slide 6: Inflows
Overview | About CIB | Financial Review | Conclusion Inflows Foreign Inflows (USD mn) Petroleum and Suez Canal Proceeds (USD mn) 26,393 27,353 6,064 25,151 5,362 5,122 5,707 5,731 4,945 21,816 19,330 17,077 14,499 8 12,571 9,804 9,917 7,370 7,933 7,720 8,236 (1,467) 6,380 6,933 3,768 4,380 (3,474) (
Slide 7: Egypt's Banking Sector
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector Total loans (EGP bn) Total deposits (EGP bn) LDR (%) 4,426 49% 49% 47% 46% 44% 45% 46% 45% 2,002 4,008 41% 41% 1,840 3,570 1,619 3,043 1,418 2,123 937 1,740 714 1,434 545 584 1,191 471 503 965 1,027 10/11 11/12 12/13 13/14 1
Slide 8: Egypt's Banking Sector (Cont'd)
Overview | About CIB | Financial Review | Conclusion Egypt’s Banking Sector (Cont’d) Total # of branches Total # of ATMs Total # of POS Dec'19 4,423 Dec'19 13,331 Dec'19 88,380 17/18 4,155 17/18 11,754 17/18 72,503 16/17 4,009 16/17 10,701 16/17 68,630 15/16 3,882 15/16 9,031 15/16 64,349 14/15 3,76
Slide 9: Why Egypt?
Overview | About CIB | Financial Review | Conclusion Why Egypt? Economic Environment Attracts Investments Among the most diverse in the MENA region Approved IMF Loan signaling a tremendous confidence boost in Egypt's ability to release its New Suez Canal economic potential in a sustainable way New C
Slide 10: CIB's Shareholders
Overview | About CIB | Financial Review | Conclusion CIB’s Shareholders 19 NBE (51%) and Chase 19 Commercial International 20 Consortium led by 20 Actis 20 Fairfax Financial 75 Manhattan Bank (49%) 87 Bank (CIB) 06 Ripplewood 09 14 Holdings* Following Chase • Actis Sold 2.6% in open Chase National M
Slide 11: CIB's Key Milestones
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones Selected by the 1st bank to connect • Concludes 1 st & • 1st Egyptian bank to IATA to act as the with the largest Euro register on NYSE; BSP agent in international syndicated loan ADR Level 1 Egypt, and remains SWIFT network (
Slide 12: CIB's Key Milestones (Cont'd)
Overview | About CIB | Financial Review | Conclusion CIB’s Key Milestones (Cont’d) • For the 1 st time in the Middle • 1st Arab and African 1st Egyptian bank to • 1st bank in Egypt to East and Africa, CIB was company listed on 2019 establish a recognize conduct awarded “World’s Best Bank Bloomberg G
Slide 13: CIB's Subsidiaries & Associates
Overview | About CIB | Financial Review | Conclusion CIB’s Subsidiaries & Associates Ownership Ownership 99.9% 51% Established in 2018, CVentures is Egypt’s first corporate Mayfair CIB Bank Limited is a Kenyan banking institution venture capital firm focused primarily on investing in serving small a
Slide 14: Our Presence In Egypt
Overview | About CIB | Financial Review | Conclusion Our Presence In Egypt CIB’s footprint Distribution Network Digital Banking 3,141,358 Website Visits Total Branches and Units: 207 2,475,302 Call Center Calls Cairo: 120 719,889 Smart Wallet Users 691,401 Internet Banking Users Alexandria: 29 642,0
Slide 15: CIB's Digital Transformation Highlights
Overview | About CIB | Financial Review | Conclusion CIB’s Digital Transformation Highlights Since the launch of CIB’s digital transformation strategy, significant progress has been made on all three fronts. Today, CIB is ideally positioned to continue building on its current framework to drive full
Slide 16: CIB's Latest Digital Initiatives
Overview | About CIB | Financial Review | Conclusion CIB’s Latest Digital Initiatives Chatbot QR Code Smart Pay 2019 w as the introduction of “Zaki the Bot”; QR Code is a new payment method w hich Smart Pay is a merchant pay ments service the virtual assistant w ho uses artificial provides a secure
Slide 17: CIB's Presence in Africa
Overview | About CIB | Financial Review | Conclusion CIB’s Presence in Africa CIB foresees tremendous growth across the continent and is working towards increased collaboration among African countries, financial institutions and individuals to expand markets and to bolster trade World Economic Forum
Slide 18: Lines of Business and Credit Rating
Overview | About CIB | Financial Review | Conclusion Lines of Business and Credit Rating Profile Institutional Banking Consumer Banking • Market leader • The take-off for a world class consumer banking Profile • Prime contributor to profitability franchise • Large and medium-size corporates (MNCs, i
Slide 19: Business Banking
Overview | About CIB | Financial Review | Conclusion Business Banking Covers all sectors and industries through over 70 highly trained Relationship Serves SMEs through a comprehensive range of financial solutions Managers across Egypt 2010 2011 2013 2015 2016 2017 2018 2019 2020 Pilot launch Formal
Slide 20: Our Stock in a Nutshell
Overview | About CIB | Financial Review | Conclusion Our Stock in a Nutshell STOCK EXCHANGES TICKER SHARE INFORMATION 52 WEEKS PERFORMANCE Listed Egyptian Exchange (EGX) COMI Shares outstanding 1,469,082,130 High EGP 87.10 Listed London Stock Exchange (LSE) CBKD Par value EGP 10.00 Low EGP 51.2 GDR
Slide 21: ESG in CIB
Overview | About CIB | Financial Review | Conclusion ESG in CIB Environmental Social Governance CIB promotes and applies green concepts and CIB strives to create a positive impact on the local CIB endeavors to apply international best practices in activities to reduce har m on the environment and co
Slide 22: Corporate Governance
Overview | About CIB | Financial Review | Conclusion Corporate Governance Commitment to Sound Corporate Governance Practices Continues to Define CIB This commitment is supported by several mandates: The Board’s main responsibilities include: Internal policies, risk controls, and manuals have been pu
Slide 23: Board of Directors
Overview | About CIB | Financial Review | Conclusion Board of Directors The Board enjoys significant diversity, leadership, skills, operating experience and professionalism in a broad set of industries Complying with best international practices, an independent Lead Director is appointed The Board a
Slide 24: Our Strategy
Overview | About CIB | Financial Review | Conclusion Our Strategy Today Tomorrow Financial Quality loan growth, • Positioned as trade finance hub for Egypt & Africa Deposit growth, with focus on Transactional banking • Focus on SMEs & underpenetrated retail banking segment Performance specially from
Slide 25: Business Continuity & Resilience Management
Overview | About CIB | Financial Review | Conclusion Business Continuity & Resilience Management Initiatives Pioneer in implementing international standards and best practices; established in 2010; ahead of all major players in the market CIB continues to invest in further improving its business con
Slide 26: Response to COVID-19
Overview | About CIB | Financial Review | Conclusion Response to COVID-19 Work from Home Arrangements • Laptops, VPN, and Secured email access on mobile phones have been arranged for different bank departments Internal & External Communication • “Bank Safely” A dedicated page on the public website c
Slide 27: Cyber & Information Security
Overview | About CIB | Financial Review | Conclusion Cyber & Information Security Initiatives Security is a major area of focus for CIB Strong Security Governance & policies aligned with International Standards and Best Practices CIB continues to invest in further improving its Cyber & Information S
Slide 28: Awards and Recognition
Overview | About CIB | Financial Review | Conclusion Awards and Recognition 2020 Best Treasury & Cash Best Foreign Exchange Management Providers Best Bank in Egypt - by Provider in Egypt - by in Egypt - by Global Global Finance Global Finance Finance 2019 Best Bank for Payments Best Treasury &
Slide 29: Performance Snapshot: 2Q20
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: 2Q20 Key Indicators 2Q20 Comparison Commentary REVENUES EGP 6.2bn EGP 5.2bn; 2Q19 20% YoY Profitability NPAT EGP 2,599mn EGP 2,711mn; 2Q19 -4% YoY ROAE 21.1% 26.9%; 2Q19 -22% YoY ROAA 2.66% 3.04%; 2Q19 -13% YoY Efficiency NIM
Slide 30: Position Among Peers
Overview | About CIB | Financial Review | Conclusion Position Among Peers Total Assets (EGP bn) Net Income (EGP mn) Gross Loans/Deposits CAE 51 CAE 444 CIB 41.7% Alex 103 Alex 861 HSBC 47.0% HSBC 111 HSBC 1,219 Alex 51.8% QNBA 280 QNBA 1,921 CAE 62.9% CIB 382 CIB 2,391 QNBA 76.7% ROAE ROAA Deposits
Slide 31: Performance Snapshot: Funding Overview
Overview | About CIB | Financial Review | Conclusion Performance Snapshot: Funding Overview Funding Structure Due to Customers (92.21%) Other Liabilities (3.32%) Due to Banks (3.54%) Other Term Loans (0.94%) Customer Deposit Mix Demand (33.3%) CDs (28.9%) Savings (21.4%) TDs (16.3%) CIB’s funding st
Slide 32: Market Share
Overview | About CIB | Financial Review | Conclusion Market Share 8.5% 8.5% 8.6% 8.4% 8.4% 8.4% 8.3% 8.3% 8.3% 8.4% 8.3% 8.3% 8.2% 8.1% 8.1% 8.1% 8.4% 8.0% 7.9% 7.9% 8.4% 7.8% 8.2% 7.8% 7.7% 7.6% 8.2% 7.7% 7.63% 7.5% 7.6% 7.5% 7.5% 8.0% 7.9% 7.47% 7.46% 7.41% 7.4% 7.3% 7.2% 7.2% 7.19% 7.6% 7.1% 7.0%
Slide 33: 10-Year Performance Summary
Overview | About CIB | Financial Review | Conclusion 10-Year Performance Summary 2.89% 2.89% 2.93% 2.94% 2.95% 3.03% 3.26% 50% 55% 57% 53% 2.71% 2.69% 43% 40% 39% 2.51% 37% 37% 35% 37% 179,500 2.03% 143,813 113,752 304 386,742 285 342,461 93,957 85,506 251 75,425 64,255 232 294,782 267,544 55 49 42
Slide 34: Why CIB?
Overview | About CIB | Financial Review | Conclusion Why CIB? Profitability NPAT EGP 2,599mn Revenues EGP 6.2bn Tremendously Highly qualified Among the best skilled and Board of Directors Investor Relations experienced teams Asset Quality Management Team Direct Coverage Ratio NPL/Gross loans 4.03%*
Slide 35: Thank You!
Overview | About CIB | Financial Review | Conclusion Thank You! For more information, please visit our website; www.cibeg.com To read about the projects that the CIB Foundation has helped support, and to know ways in which you can donate, please visit www.cibfoundationegypt.org Investor Relations co
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