I&m Group Plc · NSEKE:IMH
I&m — Q1 2022 Earnings Presentation
26 slides from I&m's earnings presentation, May 2022
Slide 1: Q1 2022 Results Investor Presentation
Q1 2022 RESULTS INVESTOR PRESENTATION Our Brand Promise Our Core Values We Are On Your Side INTEGRITY TRUST RESPECT INNOVATION COURAGE
Slide 2: Group footprint across Kenya, Tanzania, Rwanda, Uganda and Mauritius
KENYA TANZANIA RWANDA MAURITIUS UGANDA I&M Bank LIMITED I&M Bank (T) Limited I&M Bank (Rwanda) PLC ✓ 210,000+ customers Bank One Limited I&M Bank (Uganda) Ltd* ✓ 17,000+ customers ✓ 65,000+ customers ✓ 39 Branches ✓ 35,000+ customers ✓ 75,000+ Customers ✓ 8 Branches ✓ 18 Branches ✓ 54 ATMs ✓ 8 Branc
Slide 3: Macroeconomic Highlights
Macroeconomic Highlights We Are On Your Side
Slide 4: GDP Growth Outlook and Average Inflation
GDP Growth Outlook (%) Average Inflation (%) 10.2 8.0 8.4 7.4 7.2 7.1 7.0 7.2 6.5 6.4 6.1 5.6 6.1 6.1 5.7 5.7 5.3 5.4 5.1 4.9 4.9 4.8 5.2 4.1 4.4 4.0 3.9 3.7 2.2 0.8 Kenya Uganda Tanzania Rwanda Mauritius Kenya Uganda Tanzania Rwanda Mauritius 2021 2022 2023 2021 2022 2023 EA Currency Movement - 202
Slide 5: Key Highlights
Key Highlights We Are On Your Side
Slide 6: Key Highlights: Shareholder Value, Financials, Strategy
✓ Strong growth trajectory supported Return on Equity - 15.1% (2021 – 11.5%) by continued recovery in economic Return on Asset - 2.6% (2021 – 2.1%) activity across all subsidiaries; 21% Earnings per Share Kshs 1.55 (2021 – Kshs 1.08) increase in operating income driven Shareholder Value by growth in
Slide 7: Key highlights driving growth across the subsidiaries – Q1 2022
Key highlights driving growth across the subsidiaries – Q1 2022 Kenya: ✓ Partnership with Mastercard to introduce debit and credit cards targeting corporate C-Suite; ✓ Launch of unsecured lending solutions through the digital platform to drive financial inclusion; Rwanda ✓ Launch of Bancassurance; ✓
Slide 8: Group Financial Highlights
Group Financial Highlights We Are On Your Side
Slide 9: Statement of Comprehensive Income
Mar 22 vs Mar-22 Mar-21 Statement of Comprehensive Income Mar 21 Comments Kshs Mn Kshs Mn Y-Y % Interest income buoyed on the back of growth in loans and Net Interest Income 5,205 4,313 21% advances and government securities across the Group; Increase in transactional fees and commissions and improv
Slide 10: Statement of Financial Position
Mar 22 vs Mar-22 Mar-21 Mar 21 Statement of Financial Position Comments Kshs Mn Kshs Mn Y-Y % Cash & Bank increased following the acquisition in Uganda and Cash & Bank Balances 28,835 14,963 93% increased balances in subsidiaries with their respective regulators; Investments & Placements 123,880 125
Slide 11: Subsidiary Performance Highlights
Subsidiary Performance Highlights We Are On Your Side
Slide 12: Kenya P&L (Kshs Mn)
P&L (Kshs Mn) Operating Income Loan Loss Provision PBT 5,251 754 +10% +9% +22% 2,539 2,088 4,755 694 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 ✓ Increase in profitability driven by strong income growth and cost containment – cost to income ratio down to 38%; Key Ratios Q1 2022 Q1 2021 ✓ Operat
Slide 13: Kenya Balance Sheet (Kshs Mn)
Balance Sheet (Kshs Mn) Total Assets Net Loans & Advances Customer Deposits 310,788 166,148 235,474 +10% +8% +11% 282,856 153,730 212,868 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 ✓ Total Assets growth supported by both increase in Loan and Advances portfolio and investments in Government Secu
Slide 14: Tanzania P&L (Kshs Mn)
P&L (Kshs Mn) Operating Income Loan Loss Provisions PBT 442 +26% 13 -15% +10% 97 351 88 11 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 ✓ Operating income growth supported by digital lending activities following digital channels introduced in 2021; Non-interest income also boosted by trade financ
Slide 15: Tanzania Balance Sheet (Kshs Mn)
Balance Sheet (Kshs Mn) Total Assets Net Loans & Advances Customer Deposits 28,726 +14% +12% 17,898 +18% 20,910 25,134 15,950 17,750 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 ✓ Asset growth supported by both the lending book and investment portfolio; Key Ratios Q1 2022 Q1 2021 ✓ Loan portfolio
Slide 16: Rwanda P&L (Kshs Mn)
P&L (Kshs Mn) Operating Income Loan Loss Provision PBT 1,028 91 330 +18% +63% +19% 56 872 277 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 ✓ Operating income growth supported by significant growth in the MSME portfolio leading to higher net interest income and growth in the fee-based income; Key
Slide 17: Rwanda Balance Sheet (Kshs Mn)
Balance Sheet (Kshs Mn) Total Assets Net Loans & Advances Customer Deposits +10% 57,660 +11% 26,092 +3% 33,578 52,203 32,515 23,479 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 ✓ Asset growth primarily driven by growth in the loan book as the MSME product continues to deliver strong customer grow
Slide 18: Uganda P&L (Kshs Mn)
P&L (Kshs Mn) Operating Income Loan Loss Provision PBT 1,042 +63%* +363%* 645 436 425 -375 -596 Dec-21 Q1 2022 Dec-21 Q1 2022 Dec-21 Q1 2022 *Annualised Growth ✓ I&M Uganda became part of the Group from Q2 2021 (hence no comparative data for Q1 2021); Key Ratios Q1 2022 Dec-2021 ✓ Income growth in Q
Slide 19: Uganda Balance Sheet (Kshs Mn)
Balance Sheet (Kshs Mn) Total Assets Net Loans & Advances Customer Deposits 24,677 +9%* 7,230 +11%* +6%* 19,426 6,276 22,604 18,248 Dec-21 Q1 2022 Dec-21 Q1 2022 Dec-21 Q1 2022 *Quarter on Quarter Growth ✓ Growth in Loan and Advances portfolio supported by business opportunities as Uganda recovers p
Slide 20: Mauritius P&L (Kshs Mn)
P&L (Kshs Mn) PBT Loan Loss Provision 274 46 Key Ratios Q1 2022 Q1 2021 +46% +250% 188 Efficiency Ratio (CTI) 74.4% 70.0% ROE 10.5% 7.2% -69 ROA 0.9% 0.5% Q1 2021 Q1 2022 Q1 2021 Q1 2022 ✓ Profitability largely driven by recoveries as focus remains on reengineering the balance sheet for future growt
Slide 21: Group Outlook
Group Outlook We Are On Your Side
Slide 22: Group Outlook: Balance Sheet Metrics
Balance Sheet Metrics Geo Political Entrench the financial services in the customer’s operations Economic Issues impacting EA while making it as convenient as possible for them to do Rebound in EA Region business. Target NPS score +75% . Increased Focus on growing regional business and aligning all
Slide 23: Appendix
Appendix
Slide 24: Our Company & Group Results
Our Company & Group Results I&M Group PLC represents all entities I&M Realty Ltd I&M Burbidge I&M Capital Ltd Investment & Mortgages I&M Bank Ltd BCR Investment Bank One Ltd Giro Ltd 100% Capital Ltd Nominees Ltd 100% Co. Ltd 100% 50% 100% 100% 100% 100% I&M Bank (Uganda) Ltd 90% I&M Bank (T) Ltd I&
Slide 25: Disclaimer
Disclaimer The contents herein have been presented in good faith. The information, statements and opinions set out in this presentation and subsequent discussion do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any s
Slide 26: Thank You
Thank You I&M GROUP PLC 1 PARK AVENUE 1ST PARKLANDS P.O. BOX 30238 – 00100 TEL: +254 (0)20 3221000 Investor-Relations@imgroup-plc.com