Gulf Bank K.S.C. · KSE:GBK
Gulf Bank K.S.C — Gulf Bank — Q1 2018 Earnings Presentation
13 slides from Gulf Bank K.S.C's earnings presentation, 2018
Slide 1: Gulf Bank Investors Presentation Q1 2018 Earnings Call
Gulf Bank Investors Presentation Q1 – 2018 Earnings Call 1 Gulf Bank 1
Slide 2: Disclaimer
Disclaimer THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 3: Double Digit Net Profit Growth
Double Digit Net Profit Growth 60 50 48 43 40 39 +12% 36 KD Million 32 +10% 30 +10% 20 +10% 11 10 9 +15% - 2013 2014 2015 2016 2017 Q1'17 Q1'18 3
Slide 4: EPS and Dividend Payout Ratio
EPS and Dividend Payout Ratio 20 17 18 16 15 14 13 12 12 11 10 Fils 8 +29% 6 4 +75% 7 9 2 4 0 0 0 2013 2014 2015 2016 2017 DPS EPS Payout 0% 0% 31% 47% 55% Ratio 4
Slide 5: A ratings from all four major credit rating agencies, plus Positive outlook by S&P
“A” ratings from all four major credit rating agencies, plus “Positive” outlook by S&P Ratings 2013 2014 2015 2016 2017 2018 Long Term Baa2 Baa1 A3 A3 A3 A3 Outlook Positive Positive Stable Stable Stable Stable Long Term BBB+ BBB+ A- A- A- A- Outlook Positive Positive Stable Stable Positive Positive
Slide 6: Business Segments
Business Segments Overview: Consumer Offers full suite of loan & Products & Services: Banking deposit products. Consumer loans, installment Segments served: loans, cards, and auto loans KWD 1.3 bil Private Al Danah millionaire draw Gross Customer Loans by Industry- Loans 1 Priority Red
Slide 7: Balance Sheet
Balance Sheet KD Millions 31-Mar-17 % of Total 31-Mar-18 % of Total 31-Mar-18 vs 31-Mar-17 ASSETS 1 Cash and cash equivalents 869 16% 558 10% (311) -36% 2 Kuwait Government Bonds 418 7% 538 9% 120 29% 3 CBK Bills 375 7% 388 7% 13 3% 4 Deposits with banks and OFIs 72 1% 15 0% (57) -79% 5 Liquid Asset
Slide 8: Liquidity Ratios
Liquidity Ratios Liquidity Coverage Ratio NSFR 300% 120% 268% 104% Minimum 100% 250% 100% 200% 80% 166% 150% 60% Minimum 100% (1 Jan 2019) 100% 40% 50% 20% Q1'17 Average Q1'18 Average 31-Mar-18 8
Slide 9: Income Statement
Income Statement % of Avg. % of Avg. Q1'18 vs KD Millions 2016 16 vs 15 2017 17 vs 16 Q1'17 Q1'18 Assets Assets Q1'17 1 Interest Income 180 7% 206 15% 47 3.5% 57 4.1% 21% 2 Interest Expense (63) 30% (74) 17% (17) -1.3% (20) -1.4% 17% 3 Net Interest Income 117 -2% 132 13% 30 2.20% 37 2.62% 23% 4 Non
Slide 10: Non Performing Loans
Non Performing Loans 1400 35% 1200 30.3% 30% 1000 25% KD Million 800 20% 18.7% 600 15% 14.4% 400 10.4% 10% 6.5% 200 3.2% 3.1% 5% 2.6% 2.4% 1.7% 2.2% 0 0% 2009 2010 2011 2012 2013 2014 2015 2016 Q1'17 2017 Q1'18 NPL NPL Ratio 10
Slide 11: Capital & Leverage Ratios
Capital & Leverage Ratios Tier 1 Capital (KWD mil) Risk Weighted Assets (KWD mil) 660 14.6% 15.0% 13.4% 4,500 600 4,305 13.0% Minimum 4,200 540 575 555 11.0% 12% 480 +4% 9.0% 3,900 3,806 +13% 420 360 7.0% 3,600 300 5.0% 31-Mar-17 31-Mar-18 3,300 Tier 1 Capital % 31-Mar-17 31-Mar-18 Total Capital (KW
Slide 12: Q&A
Q&A 12
Slide 13: Income Statement Balance Sheet
Income Statement Balance Sheet Income Statement (KD Thousands) Q1'17 Q1'18 Balance Sheet (KD Millions) 31-Mar-17 31-Mar-18 Interest income 47,109 56,880 Interest expense (17,122) (20,072) Assets Net Interest Income 29,987 36,808 Net fees and commissions 8,156 8,449 Cash and cash equivalents 869 558