Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — Q3 2024 Earnings Presentation
38 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, 2024
Slide 1: Investor Relations Presentation 3Q 2024
Slide 2: Table of Contents
VAY Table Of Contents il ABOUT CIB 8 STRATEGY ¢ INVESTMENT CASE ° STRATEGY ¢ CIB AT A GLANCE ¢ DIGITAL TRANSFORMATION ¢ COMI AND CREDIT RATINGS Al, ESG 2 oP ERATING SCENE ¢ MACROECONOMIC ENVIRONMENT B FINANCIAL PERFORMANCE ¢ EGYPTIAN BANKING SECTOR jrvcsronrerarons nesavnnion 22024
Slide 3: Disclaimer
VARY DISCLAIMER By attending the meeting where this presentation deck is being presented and/or distributed or by reading through its slides, you agree with the following limitations: ¢ The information in this presentation may contain future projections and forward-looking statements that reflect th
Slide 4: About CIB
Slide 5: CIB at a Glance
Key Factors Total Assets Presence 209 8,195 EGP 42.3bn* +2mn 1,381 EGP 250bn Profits by Lines of Business Total Customer Deposits Subsidiaries and Associates: • CIB Kenya Limited 100% • Commercial International Finance Company 99.96% 12.63% • Damietta Shipping and Marine 39.47% Services 49.95% 17.04
Slide 6: Stock Exchanges, Share Information, Credit Ratings and Shareholders
STOCK EXCHANGES TICKER SHARE INFORMATION 52 WEEKS PERFORMANCE P/B Listed Egyptian Exchange (EGX) COMI Shares outstanding 3,043,158,000 High EGP 97.5 1.81 Par value EGP 10.00 Low EGP 63.27 Listed London Stock Exchange (LSE) CBKD GDR convertibility 1:1 OTCQX Int’l Premier (Level 1 ADR Traded CIBEY pro
Slide 7: Operating Environment
Slide 8: Macroeconomic Environment
Real GDP Growth Fiscal Budget Inflation (%) Diversified Economy** (%) Real GDP Growth (%) Fiscal Budget Inflation (%) -3.50% -8.20% -7.90% -7.40% -6.10% -6.00% 41.00% 34.20% EGP million 6.2% 1,564,115 31.24% 29.00% 26.64% 25.00% 5.1% 1,325,571 24.45% 1,108,626 335,135 941,910 975,430 3.6% 14.57% 2.5
Slide 9: Manageable Debt, Consumption, Growth Opportunities
Key Sector Growth (%) July/Dec. 2023/2024 Economic Activity Contribution to GDP MANAGEABLE DEBT (July/Dec. 2023/2024) Net International Reserve: USD 46.94bn (Oct. 2024) Current A/C balance: $-17.1bn 6.76% 12.63% 6.31% LT external debt: $135.26bn ST external debt: $25.35bn 5.89% 10.58% CONSUMPTION Pr
Slide 10: Egyptian Banking Sector: Loans and Deposits
Total Loans (EGP bn) Total Deposits (EGP bn) YtD Loan Growth LDR YtD Deposit Growth
Slide 11: Egyptian Banking Sector: Branches, ATMs, Cards and POS
Total Branches Total ATMs Total POS 215,923 212,705 188,429 173,401 4,699 4,638 23,275 4,598 22,708 4,577 21,459 98,049 4,451 16,962 79,952 14,152 12,656 4,298 18/19 19/20 20/21 21/22 22/23 Mar-24 18/19 19/20 20/21 21/22 22/23 Mar-24 18/19 19/20 20/21 21/22 22/23 Mar-24 Total Debit Cards ('000) Tota
Slide 12: Strategy
NI RATEGY
Slide 13: Our Strategy
> OUR STRATEGY TODAY TOMORROW Financial Performance + Differentiating our lending portfolio towards sectors of the future + Focus on underpenetrated retail banking segments with more efforts exerted to promote financial inclusion + Complementing CIB's offerings through CIFC’s operations + Diversifyi
Slide 14: Financial Inclusion
FINANCIAL INCLUSION Since the launching of financial inclusion strategy by CBE and the CIB is continuing to develop all the necessary tools to enable better- access for unbanked & underbanked segments, understand the segments financial needs and offering the necessary financial literacy alongside ta
Slide 15: Financial Inclusion Initiatives
FINANCIAL INCLUSION CIB is always keen to be one of the main players to achieve the strategic objectives of the country believing in its role to improve the financial awareness for the underbanked in addition to include them in the ecosystem. CIB conducted awareness and literacy sessions for 10,400
Slide 16: Our Sustainability Journey
OUR SUSTAINABILITY JOURNEY CIB Foundation Bank-wide Energy FTSE4Good Founding Signatory ‘Supporter of the Task ‘Signatory of the UNEPFI Efficiency Project Constituent of the Principles for for Climate Related Commitment on Financial Responsible Banking” Financial Disclosures Health Inclusion 2010 (~
Slide 17: ESG
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Slide 18: Our Approach
OUR APPROACH PILLAR O1 ‘SUSTAINABILITY 7 io GOVERNANCE 4 Spe PILLAR 02 susTAMAmEFMANCE © ° FINANCE researc INSTITUTIONAL Borst 3 PILLARS SUSTAINABLE @ # DEVELOPMENT EQUATOR PRINCIPLES FOR PILLAR 03 GALS PRINCIPLES = |p RESPOSIAE SURTANARLE 2 d EBS Risk Management — OMNES FINANCE arRaTeay ° Net-Zero
Slide 19: ESG Governance
ESG GOVERNANCE The integration of sustainability into CIB’s core operation starts at the highest level with signoff from the bank's Board of Directors who are committed to advancing the bank's governance structures to ensure the integration of ESG into the bank’s policies and culture Board of Sostin
Slide 20: Climate Change Governance
CLIMATE CHANGE GOVERNANCE Board of Directors ® Board Sustainability Committee Chief Executive Officer and Managing Director vvesronrerarons nesavanion 02024
Slide 21: Environmental, Social and Climate Risk
ALY ENVIRONMENTAL, SOCIAL AND CLIMATE RISK CIB’s Environmental and Social Risk Management System (ESRMS) is continuously updated to comply with the most recent national regulations and international performance standards. Since adopting the Equator Principles (EPs) in 2021, CIB has committed to soci
Slide 22: Corporate Governance
CORPORATE GOVERNANCE Commitment to sound corporate governance practices continues to define CIB + Internal policies, risk controls, and manuals ha This to ensure that all business as ts ar ton commitment is well-governed (including nanagem supported by ue " in, evaluation, succe planning, several —
Slide 23: Ownership note
*Alpha Oryx Ltd. (a subsidiary of Lunate Legacy IV LP), where Alpha Oryx Ltd. owns 18.23% in both local shares and GDRs
Slide 24: TCFD Report reference
More information is found in the Bank’s TCFD Report
Slide 25: Risk Management
Slide 26: Risk Management
> RISK MANAGEMENT RISK APPETITE . . + Risk Appetite is an integral component of CIB's ERM framework as a governance and Risk Governance - Three Lines Model monitoring tool in evaluating the Bank's risks. It covers all material risks (financial and Board of Directors non-financial) including its poli
Slide 27: Financial Performance
Slide 28: Net Income Movement and Returns
NET INCOME MOVEMENT EGP million 10,289 14,874 2,475 1,094 7,588 2,211 1,645 3Q23 Net Income & Non-Interest Impairment Non-Interest Net Interest 3Q24 Net Income Deferred Tax Expense Charge for Income Income Income (Administrative Credit Losses expenses) RETURN ON AVERAGE EQUITY RETURN ON AVERAGE ASSE
Slide 29: Gross Loans and Loan Composition
GROSS LOANS SEP-24 GROSS LOAN COMPOSITION CORPORATE LOAN PRODUCTS Other Corporate 75 Individual/ Gross Loans, 1.6% Corporate 69 Loans, 21.2% 65 Syndicated Overdraft, Loans, 26.4% 60 26.6% 53 57 53 EGP 66bn EGP billion 262 278 249 191 199 198 206 EGP 249bn Corporate Corporate & Business Direct Loans,
Slide 30: Deposits and Deposit Composition
DEPOSITS SEP-24 DEPOSIT COMPOSITION SEP-24 DEPOSIT BREAKDOWN BY PRODUCT Saving 386 Deposits, Other Deposits, 0.85% 369 349 Corporate, 17.44% 43.03% 305 306 306 Demand EGP EGP billion 284 deposits, 349bn 37.05% 489 511 EGP 444 351 360 369 444bn 290 Certificates Time Individual, of Deposit, Deposits,
Slide 31: Net Interest Income and Non-Interest Income
NET INTEREST INCOME NON-INTEREST INCOME 13,797 1,137 49,117 EGP million EGP million 8,015 792 6,433 27,813 826 106 397 14,503 687 11,593 1 418 210 33 1,809 75 1 1,399 654 835 (5,161) (6,488) 1 (253) (14,016) (889) (1,342) (1,569) (25,031) Sep-21 Sep-22 Sep-23 Sep-24 Sep-21 Sep-22 Sep-23 Sep-24 Other
Slide 32: Non-Interest Expenses and Cost Efficiency
NON-INTEREST EXPENSES HEADCOUNT 3,500 3,227 8,400 8,195 8,200 3,000 8,000 2,500 7,791 2,133 7,800 1,791 7,560 2,000 7,600 1,464 1,500 7,400 7,194 7,200 1,000 7,000 500 6,800 0 6,600 Sep-21 Sep-22 Sep-23 Sep-24 Sep-21 Sep-22 Sep-23 Sep-24 COST EFFICIENCY 20.6% 21.3% 16.8% 12.8% 12,723 8,412 7,119 (1,
Slide 33: NPL Ratio, Coverage and Impairment Charges
NPL COVERAGE RATIO 5.4% NPL RATIO 288% 5.0% 4.6% 233% 4.4% 216% 211% Sep-21 Sep-22 Sep-23 Sep-24 Sep-21 Sep-22 Sep-23 Sep-24 IMPAIRMENT CHARGES DIRECT & OFF BALANCE SHEET BALANCE COVERAGE 1,681 12.7% 11.4% 11.7% 1,218 9.9% EGP million 5.9% 307 290 4.8% 5.1% 248 231 36 3.4% (156) Sep-21 Sep-22 Sep-23
Slide 34: Capital Adequacy, Liquidity, LCR and NSFR
RISK WEIGHTED ASSETS CAPITAL BASE 6 CAPITAL ADEQUACY RATIO 25 26.2% 26.2% 26.2% 600,000 25.2% 484,592 553,265 24 1.08% 21.4% 4.28% 4.61% 500,000 438,652 4.93% 541,985 16 19.3% 19.0% 427,202 15 3.52% 400,000 15 3.53% 3.48% 14 136 EGP billion 390,626 381,507 300,000 117 24.6% 98 22.0% 21.6% 200,000 84
Slide 35: Peer Comparison
EGP Billions EGP Millions Net Income* ROAE* Total Assets* CIB HSBC 57.8% CIB 1,052 QNBA CIB 53.1% AAIB 760 HSBC 10,236 QNBA 741 CAE 53.1% AAIB 7,482 HSBC 268 ALEX 47.8% ALEX 5,085 ALEX 183 QNBA 38.1% CAE 4,198 CAE 114 AAIB 13.1% Capital Adequacy* Cost to Income* ROAA* CIB 12.1% HSBC 7.9% ALEX 28.6%
Slide 36: Awards
EUROMONEY EMEA Finance Global Finance EUROMONEY Best Bank in Egypt 2024 Best telecommunications deal Best FX bank in Egypt Corporate Banking Etisalat Egypt’s loan facilities for capex programmes Global Finance Best Bank for EUROMONEY EMEA Finance Sustainable Finance in EUROMONEY Best Digital Bank in
Slide 37: Thank You
THANK YOU For more information, please visit our website; www.cibeg.com Investor Relations contacts: Headquarters: Email: Hotline: Nile Tower Building CIB.InvestorRelations@cibeg.com 19666 21/23 Charles De Gaulle St., Giza P.O Box 2430 Cairo-Egypt Brvesronne anions pescnaTion 202024
Slide 38: Thank You
Commercial International Bank - Egypt (CIB) — Q3 2024 Earnings Presentation on 6ix