Bank Alfalah Limited · PSX:BAFL

Bank Alfalah — Q1 2015 Earnings Presentation

15 slides from Bank Alfalah's earnings presentation, May 12, 2015

  1. Slide 1: Analyst Briefing – 1Q 2015 Performance Review & Outlook

    Analyst Briefing – 1Q 2015 Performance Review & Outlook 12th May 2015

  2. 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 648 (including 157 Islamic Branches) Cities Covered 222 cities in Pakistan, 7 cities overseas International Presence 11 Internation

  3. Slide 3: Balance Sheet Snapshot

    Balance Sheet Snapshot Amount PKR Mn Mar-14 Dec-14 Mar-15 YoY QoQ  Balance sheet size increased by 21% YoY to Cash 64,217 50,516 51,052 -21% 1% PRs742bn. Bal with banks 20,337 12,332 11,990 -41% -3%  Lending to FI grew due to Lending to FI 16,159 18,313 26,809 66% 46% Bai Muajjal lending. Advances

  4. Slide 4: Profit & Loss Snapshot

    Profit & Loss Snapshot Amount PKR Mn 1Q14 4Q14 1Q15 YoY QoQ  Net Interest Income (NII) increased 59% YoY, Interest Income 11,919 15,545 15,900 33% 2% backed by 42% growth in Interest Expenses 7,630 9,143 9,098 19% 0% average earning assets and expansion in NIMs. Net Int Income 4,288 6,401 6,802 59%

  5. Slide 5: Key Ratios

    Key Ratios 1Q14 2Q14 3Q14 4Q14 1Q15  NIMs improved YoY due to shift in investment mix Yield on Advances 10.2% 10.1% 10.2% 10.4% 9.8% and re-profiling of Islamic Yield on Investments 9.0% 10.0% 10.5% 10.3% 9.9% Banking Balance Sheet. Cost of Deposits 5.1% 5.0% 5.3% 5.2% 4.9%  ROA increased to 1.1%

  6. Slide 6: 1Q15 Performance Review

    1Q15 Performance Review

  7. Slide 7: Advances & Asset Quality Trends

    Advances & Asset Quality Trends NPL accretion mostly contained Coverage improved to 77% NPLs NPLs/gross advances Provisions Coverage 12% 50 100% 25 77% 10% 40 80% 68% 70% 70% 70% 20 8% 6.8% 30 60% 15 6.2% 6.5% 6.4% 6.4% 14 14 6% 20 40% 12 12 13 10 18 18 19 19 19 4% 10 20% 5 2% - 0% - 1Q14 2Q14 3Q14

  8. Slide 8: Deposit Mix & Cost

    Deposit Mix & Cost Continuous deposit growth (PKR bn) CASA continues to remain strong (PKR bn) 700 500 73% 69% 71% 600 400 420 418 606 72% 575 69% 374 500 526 300 328 64% 57% 277 457 400 200 225 401 184 354 300 325 100 200 - 2009 2010 2011 2012 2013 2014 1Q15 2009 2010 2011 2012 2013 2014 1Q15 Depos

  9. Slide 9: Appendix

    Appendix

  10. Slide 10: Balance Sheet Summary

    Balance Sheet Summary Amount in PKR Mn 2010 2011 2012 2013 2014 4yr-CAGR Cash & Bal. with treasury bank 41,198 50,883 58,044 61,205 55,378 5% Balances with other banks 16,179 17,424 26,721 35,180 12,332 -7% Lending to FIs 6,498 7,765 877 2,522 18,313 30% Advances (net) 207,153 198,469 233,933 260,78

  11. Slide 11: Profit & Loss Summary

    Profit & Loss Summary Amount in PKR Mn 2010 2011 2012 2013 2014 4yr-CAGR Interest income 37,530 44,298 46,080 43,961 55,378 10% Interest expense 23,855 25,687 27,500 27,066 33,505 9% Net interest income 13,675 18,611 18,580 16,895 21,873 12% NPL Provisions 2,269 1,870 1,850 959 1,448 -11% Investment

  12. Slide 12: Key Ratios

    Key Ratios 2010 2011 2012 2013 2014 Capital Adequacy Ratio (Tier-I) 7.1% 8.6% 8.5% 8.4% 9.6% Capital Adequacy Ratio Total 10.5% 11.6% 12.6% 12.1% 12.8% Net Interest Margins 4.1% 5.1% 4.4% 3.5% 3.8% Admin Cost to Income Ratio 68.4% 57.7% 58.8% 68.7% 65.6% Non Interest Income as % of total 25.6% 22.4%

  13. Slide 13: Snapshot of the Bank Stock Market Related Data

    Snapshot of the Bank Stock Market Related Data Bloomberg Code BAFL PA Reuters Code BAFL.KA Shares Outstanding (mn) 1587.24 Market Capitalization (PRsbn) 44.73 Market Capitalization (US$mn)* 439.59 Average Daily Turnover (mn shares) 2.75 Average Daily Turnover (US$mn)* 0.81 Current Stock Price** 28.1

  14. 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

  15. 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

Bank Alfalah — Q1 2015 Earnings Presentation on 6ix