I&m Group Plc · NSEKE:IMH
I&m — Q1 2023 Earnings Presentation
28 slides from I&m's earnings presentation, May 2023
Slide 1: Q1 2023 Results Investor Presentation
We Are On Your Side Q1 2023 RESULTS INVESTOR PRESENTATION INTEGRITY TRUST RESPECT INNOVATION COURAGE Classification: Public
Slide 2: Group footprint across East Africa
RWANDA MAURITIUS Over 2.5k Staff I&M Bank (Rwanda) PLC Bank One Limited ✓ 65,000+ customers ✓ 48,000+ customers ✓ 18 Branches ✓ 7 Branches ✓ 33 ATMs ✓ 10 ATMs ✓ 424 staff ✓ 408 staff 84 Branches KENYA TANZANIA I&M Bank LIMITED I&M Bank (T) Limited ✓ 220,000+ customers ✓ 21,000+ customers ✓ 39 Branch
Slide 3: Awards and recognition
• Excellence in Mobile Banking Award – I&M I&M Bank Kenya 1st Runner-Up Bancassurance Bank Kenya • 1st runner up for Best bank in tier 1 Agent for ''Most Innovative • 2nd runner up for The most customer-centric Insurance Category –I&M Bank bank Uganda • 2nd runner up for Best bank in customer satisf
Slide 4: Macro-Economic Highlights
MACRO-ECONOMIC HIGHLIGHTS WE ARE ON YOUR SIDE Classification: Public
Slide 5: Regional GDP Growth, Inflation and Currency Movements
Regional GDP Growth Inflation Trend 13.9% 7.5% 8.3% 7.5% 7.5% 10.8% 5.7% 6.2% 6.8% 5.5% 6.4% 6.2% 7.6% 9.5% 5.4% 5.3% 5.4% 5.7% 4.6% 7.8% 8.2% 4.9% 5.2% 4.1% 7.6% 4.7% 6.8% 6.4% 6.9% 5.6% 3.6% 5.3% 5.0%5.0% 5.2% 4.6% 4.4%4.9%4.3%3.8% Kenya Uganda Tanzania Rwanda Mauritius Kenya Uganda Tanzania Rwand
Slide 6: Key Strategy Highlights
KEY STRATEGY HIGHLIGHTS WE ARE ON YOUR SIDE Classification: Public
Slide 7: Aspiration, strategic pillars and enablers
Aspiration Eastern Africa’s Leading Financial Partner for Growth initiatives Strategic Pillars & 1. Driving Business Growth 2. Building a Resilient Organisation 3. Optimising the operating model Enablers Customer Experience Cultural Transformation Strategic Partnerships Data Analytics % growth of ne
Slide 8: Operating income breakdown by business segments
Operating income Breakdown by Business Total Operating Income (KShs Mn) Segments 29% 9,576 21% 18% 20% 19% 7,400 Other Income 6,138 32% 30% 30% Personal & Business Banking Corporate & Institutional 49% 50% 51% Banking Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Other income includes treasury inc
Slide 9: Key highlights driving growth across the subsidiaries
Key highlights driving growth across the subsidiaries – Q1 2023 Gross NPL Capital Adequacy Ratio Deposit Mix 12.8% 21.6% 11.4% 20.6% 60% 56% 10.8% 19.9% 40% 44% Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 CASA TERM Return on Equity Return on Assets ✓ Deposit mix continues to impr
Slide 10: Operating costs and cost to income ratio
Total Operating Costs (Kshs Bn) Cost to Income Ratio 45.8% 45.7% 45.5% 2.2 1.5 1.2 0.7 0.6 0.4 1.3 1.5 1.2 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Staff costs Depreciation & Amortisation Other Expenses ✓ Group cost to income ratio remains relatively stable; ✓ Staff costs increase is consiste
Slide 11: Group Financial Highlights
GROUP FINANCIAL HIGHLIGHTS WE ARE ON YOUR SIDE Classification: Public
Slide 12: Statement of Comprehensive Income
Statement of Comprehensive Dec -2022 Income March 2023 March 2022 Year on Year Growth (Kshs Millions) 22,945 Non-Interest Income 6,091 5,206 17% 12,724 Non-Interest Income 3,485 2,195 59% 35,669 Total Income 9,576 7,401 29% 5,245 Provisions 1,642 481 240% 16,093 Operating Expenses 4,390 3,370 30% 14
Slide 13: Statement of Financial Position
Statement of Financial Year on Year Quarter on Dec -2022 Position March 2023 March 2022 Growth Quarter Growth (Kshs Millions) 22,818 Cash & Bank Balances 27,721 28,835 -4% 21% 113,112 Government Securities 125,525 123,978 1% 11% 238,590 Net Loans and Advances 257,715 218,406 18% 8% 436,600 Total Ass
Slide 14: Subsidiary Performance Highlights
SUBSIDIARY PERFORMANCE HIGHLIGHTS WE ARE ON YOUR SIDE Classification: Public
Slide 15: Kenya: operating income, provisions and PBT
Total Operating Income (Kshs Mn) Loan Loss Provision expense (Kshs Mn) Profit Before Tax (Kshs Mn) 16% 28% 6,730 1,339 22% 2,934 78% 10% 9% 2,539 5,251 4,755 2,088 694 754 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 ✓ Operating income increase supported by growth in net i
Slide 16: Kenya: assets, loans and deposits
Total Assets (Kshs Mn) Net Loans & Advances(Kshs Mn) Customer Deposits (Kshs Mn) 335,022 2% 240,795 8% 19% 235,474 198,028 310,788 8% 11% 166,148 10% 153,730 282,856 212,868 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 ✓ Net loans and advances up by 19% year on year on the
Slide 17: Tanzania: operating income, provisions and PBT
Total Operating Income (TZS Mn) Loan Loss Provisions (TZS Mn) PBT (TZS 'Mn) 3,585 4% 37% 12,348 1,876 1,959 8,983 -80% 21% 7,452 1439% -13% 394 268 233 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 ✓ Strong topline in Q1 2023 on the back of focused effort to grow balance sh
Slide 18: Tanzania: assets, loans and deposits
Total Assets (TZS Mn) Net Loans & Advances (TZS Mn) Customer Deposits (TZS Mn) 6% 4% 4% 618,856 377,376 438,798 9% 7% 362,156 423,107 581,268 12% 533,024 338,259 376,425 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 ✓ Total assets up by 6% on the back of balance sheet growt
Slide 19: Rwanda: operating income, PBT and provisions
Total Operating Income (RWF Mn) Loan Loss Provisions (RWF Mn) PBT (RWF Mn) 3,330 16% 10,771 820 17% -22% 2,963 12% 9,248 61% 641 2,522 17% 7,924 508 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 ✓ Operating income increased by 16% driven by strong growth in net interest inc
Slide 20: Rwanda: assets, loans and deposits
Total Assets (RWF Mn) Net Loans & Advances (RWF Mn) Customer Deposits (RWF Mn) 241,858 303,263 1% 5% 517,024 509,415 230,516 2% 7% 8% 296,657 213,522 295,704 0% 474,747 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 ✓ Net loans and advances growth driven by strong demand wit
Slide 21: Uganda: operating income, provisions and PBT
Total Operating Income (UGX Mn) Loan Loss Provisions (UGX Mn) PBT (UGX Mn) 16,250 829 22% 13,646 13,295 -97% 107% 420 Q1 2022 Q1 2023 Q1 2022 Q1 2023 (11,742) Q1 2022 Q1 2023 ✓ Operating income supported by growth in net interest income on increased lending; Key Ratios Q1 2023 FY 2022 Q1 2022 ✓ Oper
Slide 22: Uganda: assets, loans and deposits
Total Assets (UGX Mn) Net Loans & Advances (UGX Mn) Customer Deposits(UGX Mn) 859,172 248,879 649,509 12% 10% 7% 769,282 225,387 606,712 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 FY Q1 ✓ Net loans and advances and deposits have shown strong improvement Key Ratios Q1 2023 2022 2022 following th
Slide 23: Mauritius: operating income, provisions and PBT
Total Operating Income (MUR Mn) Loan Loss Provisions(MUR Mn) PBT (MUR Mn) 409 17 152 30% 41% -257% 7% 315 107 294 52% 71 70% -8 -27 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 ✓ Operating income grew by 30% year on year as a result of a 14% increase in the loan book Key R
Slide 24: Mauritius: assets, loans and deposits
Total Assets (MUR Mn) Net Loans & Advances (MUR Mn) Customer Deposits (MUR Mn) 54,263 -17% 5% 19,589 45,554 44,827 46,985 37,995 -19% 36,918 3% 14% 17,847 -4% 17,181 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 ✓ Balance sheet growth driven by the execution of the Sub Saha
Slide 25: Group Outlook
GROUP OUTLOOK WE ARE ON YOUR SIDE Classification: Public
Slide 26: Group outlook: profit before tax and return on equity targets
Profit Before Tax KES Focus on providing our Corporate Customers with Continue leveraging on value add services, maintain our advantage in Trade Finance, leverage in Agriculture and +20Bn corporate strength Oil&Gas opportunities + Return on Equity +21% Grow our personal and business banking across a
Slide 27: Disclaimer
The contents herein have been presented in good faith. The information, statements and opinions set out in this presentation and subsequent discussion do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities o
Slide 28: Thank You
THANK YOU I&M GROUP PLC 1 PARK AVENUE 1ST PARKLANDS P.O. BOX 30238 – 00100 TEL: +254 (0)20 3221000 Investor-Relations@imgroup-plc.com We Are On Your Side INTEGRITY TRUST RESPECT INNOVATION COURAGE Classification: Public