Bank Alfalah Limited · PSX:BAFL

Bank Alfalah — FY2018 Earnings Presentation

15 slides from Bank Alfalah's earnings presentation, Mar 8, 2019

  1. Slide 1: Analyst Briefing – 2018 Performance Review & Outlook

    Analyst Briefing – 2018 Performance Review & Outlook 08th March 2019

  2. Slide 2: Introductory Snapshot – Data as of December 31st 2018

    Introductory Snapshot – Data as of December 31st 2018 Commencement of Operations 1997 Head Quarters Karachi Major Sponsors Dhabi Group Credit Rating (Long Term / Short Term) AA+ / A1+ Branches 649 (including 152 Islamic Branches) Cities Covered 225 cities in Pakistan, 7 cities overseas International

  3. Slide 3: Profit & Loss Snapshot

    Profit & Loss Snapshot Amount PKR mn 2017 2018 YoY 3Q18 4Q18 QoQ  NII continued its strong momentum backed by Interest Income 56,176 59,318 6% 14,725 16,675 13% combination of volumes 27,199 27,727 2% and NIM increase. Interest Expenses -6,923 -8,081 17% Net Int Income 28,976 31,591 9% 7,802 8,594

  4. Slide 4: Balance Sheet Snapshot

    Balance Sheet Snapshot Amount PKR mn Dec-17* Sep-18* Dec-18* YoY QoQ  Advances increased 25% YoY to PKR502bn. Cash 70,381 73,675 82,408 17% 12% Bal with banks 3,754 4,631 3,875 3% -16%  All categories of loan book grew in double digits. Lending to FI 48,896 74,387 62,172 27% -16% Islamic book witn

  5. Slide 5: Key Ratios

    Key Ratios 2017 1Q18 2Q18 3Q18 4Q18 2018  NIMs expansion started to play out as full year NIMs Yield on Advances 7.0% 7.3% 7.3% 7.8% 8.9% 7.9% came in 40bp higher YoY. Yield on Investments 6.9% 6.6% 6.6% 6.7% 7.2% 6.8%  Cost of deposits increased 40bps YoY but was more Cost of Deposits 2.7% 2.8% 2

  6. Slide 6: 2018 Performance Review

    2018 Performance Review

  7. Slide 7: Advances & Asset Quality Trends

    Advances & Asset Quality Trends NPLs contained despite subjective classification … … resulting in specific coverage of 85% 6% NPLs NPLs/gross advances 30 Provisions Coverage 25 4.0% 100.0% 89.2% 89.0% 90.7% 4.2% 87.9% 84.5% 5% 3.6% 23 20 3.3% 3.5% 80.0% 15 18.8 15.7 15.5 15.1 14.9 15.9 3% 17.6 17.4

  8. Slide 8: Deposit Mix & Cost

    Deposit Mix & Cost Deposit Growth Trend (PKR bn)* CASA Continues to Remain Strong* (PKR bn) 900 800 800 700 700 600 703 85% 75%* 600 637 635 645 79% 77%* 603 500 541 530 500 74% 503 496 524 75% 400 446 400 396 300 300 200 200 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 Deposit Mix (D

  9. Slide 9: Appendix

    Appendix

  10. Slide 10: Balance Sheet Summary

    Balance Sheet Summary 5yr Amounts in PKR mn 2013 2014 2015 2016 2017 2018 CAGR Cash & Bal. With Treasury Bank 61,205 50,516 62,369 74,071 70,381 82,408 6% Balances With Other Banks 34,764 12,332 16,552 9,373 3,754 3,875 -36% Lending to FIs 2,522 18,313 27,626 30,149 48,896 62,172 90% Advances (Net)

  11. Slide 11: Profit & Loss Summary

    Profit & Loss Summary 5yr Amounts in PKR mn 2013 2014 2015 2016 2017 2018 CAGR Interest Income 43,961 55,378 61,439 57,144 56,176 59,318 6% Interest Expense 27,066 33,505 32,811 28,153 27,199 27,727 0% Net Interest Income 16,895 21,873 28,628 28,991 28,976 31,591 13% NPL & Other Provisions 894 1,928

  12. Slide 12: Key Ratios

    Key Ratios 2013 2014 2015 2016 2017 2018 Capital Adequacy Ratio (Tier - I) 8.4% 9.6% 9.7% 9.9% 10.9% 12.2% Capital Adequacy Ratio Total 12.1% 12.8% 13.4% 13.2% 13.4% 15.0% Net Interest Margins 3.5% 3.8% 4.0% 3.6% 3.6% 4.0% Admin Cost to Income Ratio 68.8% 67.3% 60.3% 62.5% 64.8% 57.3% Non - Interest

  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) 1774.4 Market Capitalization (PKR bn) 85.3 Market Capitalization (USD mn)* 612 Average Daily Turnover (mn shares) 1.3 Average Daily Turnover (USD mn)* 0.5 Current Stock Price** 47.77 Ad

  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 Capital Markets Division Bank Alfalah Limited Phone: +92 21 3242 3617 E-mail: imtiaz.gadar@bankalfalah.com 15

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