Commercial International Bank - Egypt (CIB) S.A.E. · EGX:COMI
Commercial International Bank - Egypt (CIB) S.A.E — Commercial International Bank (CIB) — Q1 2013 Earnings Presentation
30 slides from Commercial International Bank - Egypt (CIB) S.A.E's earnings presentation, 2013
Slide 1: Commercial International Bank IR presentation First Quarter 2013
Commercial International Bank IR presentation First Quarter 2013
Slide 2: Disclaimer
Disclaimer ! This document is the property of CIB and it may contain confidential information solely for use as an investor presentation. ! It must be treated confidentially by attendees at such presentation and should not be reproduced, redistributed or passed to any other person. ! The information
Slide 3: Agenda
Agenda ! Macro-Environment ! About CIB ! CIB Financial Highlights ! Consumer Banking Snapshot ! CIB Strategy ! Summary and Conclusion
Slide 4: Macro-Environment
Macro-Environment
Slide 5: Egypt Fact Sheet
Egypt Fact Sheet -Population: 87.1mn* -Median age: 24 -Growth: 3.1% over 2010 Favorable Demographics -Private consumption/GDP: 71.7% -Public consumption/GDP: 11.9% -Labor force/population: 27.9%* -Unemployment rate:12%* Attractive Growth -‐Nominal GDP: EGP 381,246bn2 -Historical GDP growth: 5.31% (
Slide 6: Macroeconomics Snapshot
Macroeconomics Snapshot GDP Growth Infla2on 8% 7.1% 7.2% 20% 18.3% 6% 5.1% 16% 4.7% 13.5% 12% 10.3% 4% 9.6% 2.2% 6.9% 8% 1.9% 4.7% 2% 4% 0% 0% 06/07 07/08 08/09 09/10 10/11 11/12 2007 2008 2009 2010 2011 2012 *GDP at Factor Cost (Constant prices 2006/2007) **FY 11/12 based on preliminary figures 150%
Slide 7: Egyptian Banking Sector Snapshot
Egyptian Banking Sector Snapshot 67% 61% 60% 59% 58% 53% 52% 52% 49% 49% 1113.974 900 965 756 820 658 497 543 571 438 293 304 318 344 382 399 427 464 471 524 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 Sep-‐13 Total deposits (EGP bn) Total loans (EGP bn) loans to deposits ratio 03/04 04/0
Slide 8: About CIB
About CIB
Slide 9: Strategic Milestones
Strategic Milestones Chase Divestiture : First GDR Ripplewood led Strategic Subsidiaries US$ 120M consortium divested half Renamed CIB 22.2% of share capital established to complement of its holdings our core business in CIB to Actis 1975 1987 1993 1994 1995 1996 1997 1998 2006 2009 RW holding sold
Slide 10: General Information
General Information ! CIB’s Stock is listed in the Egyptian Stock Exchange, London Stock Exchange and traded in New York Stock Exchange Shareholding Structure Share Information Actis Shares outstanding 600,162,379 9.14% Par value EGP 10.00 GDR Ratio 1:1 Last 52 weeks Hi 39.6 Free Last 52 weeks Lo 21
Slide 11: CI Group Structure
CI Group Structure FALCON GROUP: r Ci [L ew a matter of life CAPITAL CAPITAL ASSET MANAGEMENT
Slide 12: CIB's Distribution Network
CIB’s Distribution Network Branch Distribu2on: Cairo: 83 Alex: 27 Delta: 6 Upper Egypt & Red Sea: 18 Sinai & Canal: 24 Total Outlets: 158 Alternate Channel Distribu2on: ATMs: 514 POS: 8,130 On-‐line Banking: 1,098k hits per month Call Center: 185k hits per month through Our 24 hours 7 days a week d
Slide 13: CIB's Business Segments
CIB’s Business Segments Business Institutional Consumer CI Capital Segments Banking Banking DescripGon • Market leader in Egypt • The take-off for a • Full-fledged world class • The prime Investment Banking consumer banking contributor to arm franchise profitability Focus on • Multinationals and Egy
Slide 14: Corporate Governance
Corporate Governance Commitment to Corporate Importance of Corporate Governance Governance ! Corporate governance is an issue that rates high It has been demonstrated over and on our list of priorities over that effective corporate ! CIB’s commitment to maintaining the highest governance in banks st
Slide 15: CIB's Board of Directors
CIB’s Board of Directors 15 15
Slide 16: Commitment to Corporate Governance
Commitment to Corporate Governance We take pride in our strong ! CIB was the first Egyptian corporation to establish corporate governance structures an Audit Committee in 1998 which include ! The Board and its committees are governed by ! Experienced team of well-defined charters professional execut
Slide 17: Awards and Recognition
Awards and Recognition Best Bank in Egypt for the last 17 years Best Foreign Exchange Bank in Egypt - 2013 for the last 10 years BEST SUB-CUSTODIAN Bank i for the 4" consecutive year Egypt Best Trade Finance Bank in Egypt - 2013, for the last 7 years Best Provider of Money Market Fund 2008 Deal of t
Slide 18: CIB Financial Highlights
CIB Financial Highlights
Slide 19: Performance Snapshot: March 2013
Performance Snapshot: March 2013 Total Assets Net Loans Customer Deposits Shareholders’ Equity EGP 101,452 mn EGP 42,568 mn EGP 86,077 mn EGP 10,240 mn Year End 2012 : EGP 94,014 mn; Year End 2012 : EGP41,877 mn; Year End 2012 :EGP78,729 mm; Year End 2012 EGP 10,822 mm; +7.9% +1.6% +9.3% -‐5.4% Rev
Slide 20: Historical Performance
Historical Performance 56% 56% 56% 57% 56.3% 55% 2.90% 3.08% 2.87% 2.89% 54% 2.37% 2.50 52% 50% 1.94% 2.09% 2.01% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2004 2005 2006 2007 2008 2009 2010 2011 2012 Total Assets ROAA% Net Loans Deposits Net Loans/ Deposits 34.90% 32.70% 38.40% 37.00% 39.70% 39.
Slide 21: CIB Vs. Peers
CIB Vs. Peers 40% ROAE ROAA Gross Loans to Deposits 32.9% 2.8% 80% 71.3% 3% 67.2% 2.4% 2.4% 58.5% 30% 56.3% 21.8% 21.8% 60% 17.7% 2% 1.8% 43.0% 20% 15.6% 1.6% 40% 10% 1% 20% 0% HSBC CAE CIB NSGB Alex 0% 0% HSBC CIB NSGB CAE AlexBank HSBC CIB CAE Alex NSGB EGPmn Net Income EGPbn Total Assets Loans Ma
Slide 22: CIB Market Shares Trends
CIB Market Shares Trends Total Loans Total Deposits • CIB maintained the highest loan market share of all private-‐sector banks, reaching 8.68% as of January •Deposit market share was 7.2% as of January 2013, maintaining CIB’s leading posi;on amongst all private-‐sector banks • N.B: CIB’s loans ma
Slide 23: Consumer Banking Snapshot
Consumer Banking Snapshot
Slide 24: Consumer Banking Assets Portfolio Growth
Consumer Banking Assets Portfolio Growth Assets Assets Mix In Million FY 10 FY 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Balance 3,915 5,175 5,525 6,083 6,599 6,664 7,073 24
Slide 25: CIB Strategy
CIB Strategy
Slide 26: CIB's Future Growth Opportunities
CIB’s Future Growth Opportunities Here is where we stand today … But this is where we will be tomorrow ! Quality portfolio ! Product penetration and increase share of ! Product-centric wallet without risking quality ! Developed initiatives to instill client ! Customer-centric solutions focused cultu
Slide 27: Summary and Conclusion
Summary and Conclusion
Slide 28: Why CIB?
Why CIB? CIB is the leading financial institution in Egypt, has been Profitability Asset Quality a key player in the market for more than 30 years • Market leader • NPL/Gross loans 4.00% • NPAT EGP 658 mn • Coverage Ratio 123% Strongest brand equity in the • Total revenues 1.61bn Egyptian corporate
Slide 29: Conclusion
Conclusion • Egypt has been a hot spot for investments, given its favorable demographics (1/3 of the population is under 15 years), its diversified economy and implementation of economic reforms that enhanced accessibility • With the revolution of 25th January 2011, we at CIB feel that the future of
Slide 30: Thank you
Investor Rela2ons contacts: Sherif Khalil Head of IR Sherif.khalil@cibeg.com Yasmine Hemeda IR Analyst Yasmine.Hemeda@cibeg.com Thank you For more informaGon, please visit www.cibeg.com To read about the projects that the CIB FoundaGon has helped support and ways in which you can donate, please visi
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