Abu Dhabi Commercial Bank · ADX:ADCB
Abu Dhabi Commercial Bank — Abu Dhabi Commercial Bank PJSC — Q1 2016 Earnings Presentation
17 slides from Abu Dhabi Commercial Bank's earnings presentation, April 2016
Slide 1: Abu Dhabi Commercial Bank PJSC Q1'16 Earnings presentation
Abu Dhabi Commercial Bank PJSC Q1’16 Earnings presentation April 2016
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AS AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. BY READING THE PRESENTA
Slide 3: Balance sheet highlights
Balance sheet highlights Resilient balance sheet, continued focus on improving sources of funding and liquidity Highlights (31 March 2016) Change% Balance sheet highlights (AED million) March’16 Dec’15 March’15 QoQ YoY Total assets grew by 12% to AED 232 billion and net loans and advances increased
Slide 4: Income statement highlights
Income statement highlights Underlying performance of our businesses remain strong in a challenging operating environment Change% Highlights (31 March 2016) Income statement highlights (AED million) Q1’16 Q4’15 Q1’15 QoQ YoY Net profit of AED 1,021 million was 14% lower quarter on quarter and 18% lo
Slide 5: Strong growth in net interest income quarter on quarter
Strong growth in net interest income quarter on quarter, despite higher funding costs mainly driven by increased customer deposits Net interest and Islamic financing income (AED million) Evolution of NIMs & yields +7% Yield on interest earning assets Net interest margin 1,641 1,543 1,545 1,476 1,573
Slide 6: Healthy growth in operating income quarter on quarter
Healthy growth in operating income quarter on quarter, while maintaining a strict cost control discipline Operating income (AED million) Cost to income ratio Operating expenses (AED million) +5% within our target range 740 738 700 715 672 2,192 40 34 34 2,041 2,011 2,016 2,112 38 39 219 248 257 235
Slide 7: Continue to grow balance sheet in a granular and prudent manner
Continue to grow balance sheet in a granular and prudent manner in our core geography and core businesses Highlights Composition of assets Net loans increased 11% year on year and 2% year to date to March’16 AED 156,672 million, comprising 67% of total assets (Dec’15: 67%) Total assets = AED 232,207
Slide 8: In a tight liquidity environment, continued growth in CASA deposits
In a tight liquidity environment, continued growth in CASA deposits Highlights Composition of liabilities Customer deposit breakdown Customer deposits increased 15% year on year and 3% year to date to AED 147,333 million, comprising 72% of total liabilities March’16 March’16 (31 December 2015:72%) T
Slide 9: Wholesale funding and maturity profile
Wholesale funding and maturity profile Diversified sources of funding by markets, tenors, currencies and products Maturity profile As at 31 March 2016 (AED million) Wholesale funding including ECP (AED million) Repo Sukuk 20% 19% 21% 9,934 20% 18% MTN/GMTN Sub debt 9,217 Syndicate loans Bilateral lo
Slide 10: Capital and liquidity position continue to be at industry leading levels
Capital and liquidity position continue to be at industry leading levels Highlights Capital adequacy ratio Tier I and core tier I ratios As at 31 March 2016, the Bank’s capital adequacy ratio (Basel II) 16.29% was 18.09% and Tier I ratio was 14.74% compared to 19.76% and 14.74% 16.29% respectively,
Slide 11: Investment securities
Investment securities 97% of total portfolio invested in bonds Highlights Investments Investment securities portfolio increased to AED21,159 million as By issuer By region at 31 March 2016 Bonds Domestic 97% of the total portfolio was invested in bonds issued by Banks and FI 48% government, corporat
Slide 12: Asset quality - committed to maintaining a disciplined risk profile
Asset quality - committed to maintaining a disciplined risk profile Highlights Cost of risk As at 31 March 2016, non-performing loans (NPL) and provision coverage 2.61% 1.73% 1.20% 0.90% 0.48% 0.29% 0.80% ratios were 3.4% and 112.1% respectively, compared to 3.0% and 128.5% as at 31 December 2015 No
Slide 13: Summary
Summary Our focus on the UAE market remains a key strategic pillar and a differentiator for ADCB Following on from record results in 2015, delivered a net profit of AED 1.021 billion in Q1’16 and ROE of 16.0% In a tight liquidity environment, customer deposits increased 15% to AED 147 billion over 3
Slide 14: Awards
Awards Q1’16 awards “Best Bank for Liquidity “Best Brand Initiative of the Year” “Best Property Management “Best Bank for Cash “Best Retail Bank in Management in the Middle East” across Asia, Middle East and Africa Team– UAE” for ADCP management in the UAE” the UAE” Global Finance Asian Banker Capit
Slide 15: Balance sheet
Balance sheet AED million March’16 Dec’15 Change% Cash and balances with Central Banks 18,705 20,180 (7) Deposits and balances due from banks 16,259 14,955 9 Reverse-repo placements 1,516 4,256 (64) Trading securities 72 62 15 Derivative financial instruments 5,216 4,002 30 Investment securities 21,
Slide 16: Income statement
Income statement AED million March’16 March’15 Change% Interest income and income from Islamic financing 2,098 1,992 5 Interest expense and profit distribution (525) (351) 50 Net interest and Islamic financing income 1,573 1,641 (4) Net fees and commission income 358 375 (4) Net trading income 122 1
Slide 17: ADCB Investor Relations
ADCB Investor Relations Sheikh Zayed Street P. O. Box: 939, Abu Dhabi Email: adcb_investor_relations@adcb.com Tel: +971 2 696 2084 Fax: +971 2 610 9845 Internet: www.adcb.com/investors
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