Saudi National Bank · TADAWUL:1180
Saudi National Bank — Q1 2025 Earnings Presentation
26 slides from Saudi National Bank's earnings presentation, Apr 29, 2025
Slide 1: 1Q 2025 Earnings Presentation
1Q 2025 Earnings Presentation 29 April 2025
Slide 2: Disclaimer
Disclaimer The Saudi National Bank (SNB) prepared this presentation on a proprietary basis as general background information about the activities of SNB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by SNB is
Slide 3: Table of Content
Table of Content CEO’s Opening Remarks 01 Progress on Strategy 02 1Q 2025 Financials 03 Our goal is to propel the nation’s progress towards Vision 2030 and beyond by spearheading technological innovation, encouraging progressive thinking, and using our expertise to provide the best opportunities for
Slide 4: CEO's Opening Remarks
01 CEO’s Opening Remarks | 1Q 2025 - Earnings Presentation 4
Slide 5: SNB Strategy 2025-2027
SNB Strategy 2025-2027 SNB’s comprehensive strategy prioritizes sustainable growth in the Kingdom and embraces a customer-centric approach, while championing innovation Key Pillars Themes Target emerging segments with Market Share and focus on improving returns and fee Grow Financing Drive CASA Enha
Slide 6: 1Q 2025 Financial Performance Highlights
1Q 2025 Financial Performance Highlights 1Q 2025 saw outstanding growth and strong value delivery Structural Advantages Record Financial Performance 1Q 2025 Strategy Leading market Driven Impact positions ¥ 1.2tn Total Assets hit record, up 6% YTD ROTE +134 bps YoY Strong loan origination pipeline D
Slide 7: Progress on Strategy
02 Progress on Strategy | 1Q 2025 - Earnings Presentation 7
Slide 8: 1Q 2025 Key Highlights: strong start to our strategic cycle
1Q 2025 Key Highlights Q1 2025 marked a strong start to our strategic cycle… Market share and value creation Grow Financing market share Drive CASA acquisition SNB Capital leadership CASA Growth, CAGR 2024-27 AUM market Total financing market share Wholesale financing market share Retail financing m
Slide 9: Positive momentum on each of the strategic themes
1Q 2025 Key Highlights …with positive momentum gained on each of the strategic themes Market share and Operational Customer Innovation Talent magnet Key pillars value creation excellence centricity Recalibrated risk Significantly improved Redesigned Accelerated digital sales Launched assessment 1Q 2
Slide 10: A huge leap in MSME market penetration
1Q 2025 Key Highlights A huge leap in MSME market penetration MSME exposure (¥bn) Key Insights +68% +44% 95.9 • Diversified growth across segments and sectors 25 through Retail and Corporate 66.6 58.6 62.8 • Borrowing customer base expanded by >4x vs. 1Q 57.1 9 11 2024 10 11 • On balance sheet MSME
Slide 11: 1Q 2025 Financials
03 1Q 2025 Financials | 1Q 2025 - Earnings Presentation 11
Slide 12: 1Q 2025 Financial Performance Highlights
1Q 2025 Financial Performance Highlights SNB delivered a record net income on strong lending growth momentum, accelerated fee and other income, improving operating efficiency and low risk cost Unprecedented financing growth from Wholesale financing and in MSME & Mortgage expansion with a decreasing
Slide 13: Outlook & Guidance
Outlook & Guidance On track to deliver on our full-year 2025 targets Macro-Economic FY 2024 FY 20252 SNB Financial Guidance FY 2024 Baseline 1Q 2025 FY 2025 Guidance Status Outlook1 ¥654bn ¥706bn Real GDP Growth +1.2% +4.5% Financing Growth Low double digit +9% +8% YTD Unchanged ¥27.7bn ¥7.3bn Mid-t
Slide 14: Balance Sheet Summary
Balance Sheet Summary Balance sheet expansion of 6% YTD mainly from financing growth and investments supported by an 8% increase in domestic customers’ deposits Total Assets (¥bn) Total Assets Movement YTD (¥bn) +6% +9% 1,171.1 51.1 1.7 1,171.1 1,072.3 1,104.2 17.9 88 1,104.2 2.0 85 94 (5.8) 625 654
Slide 15: Financing & Advances
Financing & Advances A 15% YTD increase in Wholesale financing fueled total financing growth in 1Q 2025 Financing & Advances, Net (¥bn) Financing & Advances, Net Movement YTD (¥bn) 2025 Guidance Low double-digit +13% +8% 706.4 35.9 6.8 0.2 1.1 706.4 625.2 654.3 4 3 3 18 17 17 39 654.3 2.7 5.5 31 32
Slide 16: Investments
Investments Investments up 6% YTD primarily in other fixed income and SGDS Investments, Net (¥bn) Investments, Net Movement YTD (¥bn) +13% +6% 292.5 310.3 8.8 3.0 310.3 275.6 6.1 292.5 (0.1) 180 187 160 +6% 94 87 QoQ 94 23 26 29 +4% +9% +11% -1% 1Q 24 4Q 24 1Q 25 4Q 24 SGDS1 Other fixed Funds & equi
Slide 17: Customers' Deposits
Customers' Deposits Customers’ deposits grew 8% YTD, primarily driven by domestic CASA inflows; this contributed to an improved CASA ratio of 74.5% Customers' Deposits (¥bn) Customers' Deposits Movement YTD (¥bn) -5% +8% 656.3 626.4 579.8 48.0 2.4 626.4 25 26 130 31 130 134 579.8 (3.4) (0.3) 501 +8%
Slide 18: Income Statement Summary
Income Statement Summary 19% YoY Net income growth driven by revenue uplift, cost discipline and low impairments reflecting strong asset quality Net Income Attributed To Equity Holders Movement YoY (¥mn) Net Income (¥mn) +19% +19% 5,557 6,022 +22% 5,040 288 649 6,075 6,022 70 5,040 4,970 351 5,615 6
Slide 19: NSCI & Margin
NSCI & Margin 5% YoY NSCI growth from asset expansion and margin improvement on low CoF 2025 Guidance Mid-to-high single digit 1 Net Special Commission Income Movement YoY (¥bn) growth NSCI Margin QTR (%) +5% +5% +5% 3.09% 3.08% 6.9 6.9 7.3 3.05% 6.9 0.4 0.3 7.1 0.2 7.3 6.7 0.2 3.08% 0.2 0.1 3.07% 2
Slide 20: Fee & Other Income
Fee & Other Income Fee and Other Income grew strongly, driven by trade finance, FX, and investment income, partly offset by lower brokerage income Fee and Other Income Movement YoY (¥mn) Fee & Other Income (¥mn) +16% +16% +16% 2,361 253 2,361 2,084 2,028 102 112 5 2,107 2,028 1,820 68 253 209 302 20
Slide 21: Operating Expenses
Operating Expenses Operating expenses rose 3% YoY on higher domestic G&A costs, partially offset by lower depreciation expenses; domestic CIR further improved to 23.3% 1 1 Total Operating Expenses, Excl Intangibles Amortization Movement YoY (¥mn) Operating Expenses (¥mn) +3% +3% 2,456 2,548 2,522 +2
Slide 22: Financing Credit Impairments & Cost of Risk
Financing Credit Impairments & Cost of Risk Cost of Risk came in at just 2bps, supported by stable asset quality Net Impairment Charge For Expected Credit Losses Movement YoY Impairments (¥mn) (¥mn) -95% -95% -100% 655 655 648 (534) 6 (6) (115) 648 (1) 35 34 +58% 22 QoQ 34 -108% -75% 4 18 35 (1) 1Q
Slide 23: Credit Quality
Credit Quality Asset quality improved with the NPL Ratio decreased to 0.91% Credit Impaired Financing (¥mn) NPL Ratio (%) -8% 7,692 1.11% 1.13% 1.16% 7,083 423 6,486 1.12% 1 376 327 0.91% 1.09% 1.08% 1.09% 1.13% 0.89% 6,707 7,269 -16% 6,159 QoQ 1Q 24 4Q 24 1Q 25 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 Group,
Slide 24: Capitalization & Liquidity
Capitalization & Liquidity Capitalization remained strong and healthy despite robust financing growth in 1Q 2025 Capitalization Ratios (%) 2025 Guidance Total Eligible Capital Movement YTD (¥bn) T1 CAR: 19-20% 20.8% +1% 19.3% 19.4% 20.0% 20.3% 19.3% 157.1 6.0 1.0 157.9 19.2% 18.5% 18.6% 18.8% 17.2%
Slide 25: Questions & Answers
Questions & Answers | 1Q 2025 - Earnings Presentation 25
Slide 26: Additional Information
Additional Information Write to Us The Saudi National Bank Tower, Unit No. 778 Email Us King Abdullah Financial District ir@alahli.com 3208, Al Aqeeq District, King Fahad Road Riyadh, Kingdom Of Saudi Arabia, 13519 - 6676 Visit our website alahli.com Access SNB’s current and previous Investor Disclo