Equity Group Holdings Limited · NSEKE:EQTY
Equity — FY2024 Earnings Presentation
108 slides from Equity's earnings presentation, March 2025
Slide 1: Investor Briefing Full Year 2024 Performance
INVESTOR BRIEFING FULL YEAR 2024 PERFORMANCE
Slide 2: LAP tah Paee.
/ LAP tah 9 Paee. im” i
Slide 3: Table of Contents
Table of Contents 1 Equity Group’s Philosophies 2 2 Governance and Organizational Structure 3 3 Press Release 10 4 Macroeconomic and Operating Environment 15 5 Strategy Overview 24 6 Banking Group 28 7 Overall Banking Group Performance 41 8 Insurance Group 49 9 Technology Group 58 10 Contribution of
Slide 4: Equity Group's Philosophies
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Group’s Philosophies Our Purpose: Positioning Statement: Transforming lives, giving dignity and expanding opportunities We provide inclusive financial services that transform for wealth creation. livelihoods, give dignity and exp
Slide 5: Governance and Organizational Structure
Governance and Organizational Structure
Slide 6: Governance & Risk Management Framework
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Governance & Risk Management Framework YOUR HEADLINE W I L L SSIT IT HERE 4
Slide 7: Governance and Organizational Structure
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Governance and Organizational Structure Breadth and Depth of the Management Team EGH Strategy Strategy execution via close interaction between CEO office and Corporate office Breadth and diversity of corporate function supported by expa
Slide 8: Group Executive Management
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Group Executive Management Dr.James Mwangi,CBS Group Managing Director & Chief Executive Officer Samuel Kirubi Brent Malahay Gertrude Karugaba Group Chief Operating Group Chief Strategy Officer Chief Legal Officer Officer Sam Gitwekere
Slide 9: Group Executive Management
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Group Executive Management David Ssegawa Rene Kalonji Christine Browne Group Director Human Chief Product Officer Group Director Special Resources Operations Assets Joy DiBenedetto Michael Kwofie Paul Wafula Group Director Chief Informa
Slide 10: Group Executive Management
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Group Executive Management Moses Nyabanda Isabella Maganga Gift Shoko James Kiarie Managing Director, Managing Director, Managing Director, Ag.Managing Director, Equity Bank Kenya E q u i t y B a n k Ta n z a n i a Equity Bank Uganda Eq
Slide 11: Group Board of Management
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Group Board of Management Prof. Isaac Macharia Dr. James Mwangi, CBS Samuel Kirubi Non-Executive Chairman Group Managing Director and Executive Director Chief Executive Officer Dr. Edward Odundo Dr. Helen Gichohi Jonas Mushosho Clifford
Slide 12: Press Release
Press Release
Slide 13: Press Release
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Press Release EQUITY GROUP REPORTS KSHS 60.7 BILLION PROFITS BEFORE TAX, DRIVEN BY STRATEGIC DIVERSIFIED GROWTH • Proposed dividend per share of Kshs 4.25, a payout ratio of 34.5% • Earnings per share increased by 11% to Kshs 12.3 • Ass
Slide 14: Press Release (continued...)
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Press Release (continued...) The ARRP seeks to drive long-term transformation across the continent, relying on the support and active participation of diverse stakeholders. Strategic partnerships with Development Finance Institutions (D
Slide 15: Press Release (continued...)
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Press Release (continued...) The Equity Life Assurance business continues to register impressive performance with YoY Profit before tax growing by 58% to Kshs 1.5 billion from Kshs 934 million. Further, the robust but prudent for invest
Slide 16: Press Release (continued...)
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Press Release (continued...) The Equity Leaders Program (ELP) continues to make a significant impact, with 113 scholars having received full scholarships to pursue university education in top global universities. The program has already
Slide 17: Macroeconomic and Operating Environment
Macroeconomic and Operating Environment
Slide 18: Equity Group Transformation Outlook for EGH Markets
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Group Transformation Outlook for EGH Markets • Economic growth for Africa in 2025 is projected at around 4% driven by the con nued recovery in interna onal 8 Global GDP Growth (%) tourism, lower infla on for some economies, easin
Slide 19: Monetary Policy Dynamics
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Monetary Policy Dynamics Stable inflation for most EGH economies • High infla on has persisted for many countries in Africa and the infla on rate stood above 18% in 2024 30 InflaƟon Rate (%) but is expected to decline to about 11% in 20
Slide 20: Fiscal Developments Outlook for EGH Markets
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Fiscal Developments Outlook for EGH Markets • Kenya: In 2025 so far, the Kenyan government successfully issued a US$ 1.5bn Gross public debt as % of Gross Government Revenues Eurobond (coupon of 9.5%) maturing in March 2036, with procee
Slide 21: Financial Market Developments
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Financial Market Developments Kenya as an anchor of regional financial market stability • East Africa has some of the highest real interest rates on the conƟnent, with Uganda, Tanzania and Kenya taking 3 of the top 5 spots. This helps c
Slide 22: Significant upside opportunity in East Africa
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE There is significant upside opportunity in East Africa & EGH is uniquely positioned to tap into this growth potential 2025 Real GDP Debt to GDP Exchange Monetary Policy Growth % % Rate vs USD Rate % 9L IUganda, Y O UR H E A D N E Tanzan
Slide 23: EGH at the heart of East Africa's trade connections
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EGH is at the heart of East Africa’s thriving ecosystem of trade connections DRC is the fastest and also 4th largest EAC trading partner for Kenya with cumulaƟve exports of USD180.7M YTD September 2024. EGH has been instrumental having
Slide 24: Equity Group presence and Market Position
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Group presence and Market Position Kenya DRC Rwanda KCB 18.5% Rawbank 28.6% BK 36.5% Equity asset market posi on in top 2 in Equity 13.1% Equity 27.0% Equity 17.7% half of the markets in 2023 NCBA 8.6% TMB 10.0% KCB 14.8% Coop 8.
Slide 25: Transforming Lives in Africa: Regional Footprint
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Transforming Lives in Africa: Regional Footprint ¾ 2.2 million Customers Accounts ¾ 203,840 Customers Accounts ¾ 50 Branches ¾ 5 Branches ¾ 1,424 Employees UGANDA SOUTH ¾ 149 Employees ¾ 58 ATMs ¾ 20 ATMs ¾ 9,193 Agency Outlets SUDAN ¾
Slide 26: Strategy Overview
Q1 2024 PERFORMANCE Strategy Overview
Slide 27: Equity Group Transformation
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Group Transformation STRATEGY • ARRP • Brand • Organiza onal Culture • Business Model PEOPLE • Performance, reward & compensa on GOVERNANCE • ESOP • Shareholders CUSTOMER • Pension • Board • Product House • Medical • Execu ve Man
Slide 28: Africa Recovery and Resilience Plan
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE 2030 Strategy Framework Africa Recovery and Resilience Plan Holistic solution to achieve social and economic transformation of Africa. The Plan comprises interconnected pillars that aim to catalyse, capacitate, connect and finance enter
Slide 29: Performance against ARRP targets
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Performance against ARRP targets Loan mix - Food and Agriculture Loan mix - Manufacturing and logisƟcs Loan mix - MSME 2030 target = 30% 2030 target = 15% 2030 target = 65% 47% 41% 12.0% 7.0% 9.1% 2.9% FY 2024 FY 2024 Target FY 2024 FY
Slide 30: Banking Group
Banking Group
Slide 31: Banking Group Balance Sheet Optimization and Efficiency
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Banking Group Balance Sheet Optimization and Efficiency Earning Assets constituting majority of the balance sheet; yielding strong margins Earning Asset Mix NIM RoAA FY 2023 FY 2024 EBKL 87% 87% 7.4% 6.5% 2.8% 2.4% EBCDC 88% 88% 6.9% 5.
Slide 32: EBKL Balance Sheet
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBKL Balance Sheet (Figures in Kes Billion) Balance Sheet Customer Loans Customer Deposits +9% +2% YoY -6% -1% YoY +17% YoY 448.7 Loans decline 841.5 Deposits growth +9% YoY 422.3 772.7 in Constant in Constant Assets in Constant Currenc
Slide 33: EBKL P&L
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBKL P&L (Figures in Kes Billion) Revenue Efficiency Ra os Profit Before Tax -5% 12.3% 12.4% 93.8 10.7% 89.3 +6% 33.1 Yield on Earning Assets Non-Funded Income 32.8 (35%) 26.7 (37%) 25.2 FY 2022 FY 2023 FY 2024 5.9% 60.7 4.9% Net Interest
Slide 34: EBCDC Balance Sheet
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBCDC Balance Sheet (Figures in Kes Billion) Balance Sheet Customer Loans Customer Deposits +5% YoY -5% +15% YoY +7% +30% YoY Assets +27% YoY 285.7 Loans growth in 271.9 Deposits growth Constant 542.2 in Constant 504.6 in Constant Curre
Slide 35: EBCDC P&L
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBCDC P&L (Figures in Kes Billion) Revenue Efficiency Ra os Profit Before Tax 8.4% 7.6% +9% 5.7% +8% 61.0 55.9 Yield on Earning Assets 20.1 FY 2022 FY 2023 FY 2024 18.6 30.6 30.7 (50%) Non-Funded Income 2.0% (55%) 1.7% 1.5% Cost of Funds
Slide 36: EBUL Balance Sheet
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBUL Balance Sheet (Figures in Kes Billion) Balance Sheet Customer Loans Customer Deposits -23% YoY -31% -17% YoY -20% -6% YoY 66.8 Loans decline in 123.5 Deposits decline Assets Constant -9% YoY in Constant Currency 98.3 in Constant Cu
Slide 37: EBUL P&L
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBUL P&L (Figures in Kes Billion) Revenue Efficiency Ra os Profit Before Tax 13.4% 13.9% 14.6% -4% +134% 16.0 Yield on Earning Assets 0.5 15.3 6.6 5.5 FY 2022 FY 2023 FY 2024 Non-Funded Income (41%) (36%) 5.0% 5.2% 4.4% 9.4 9.8 Cost of Fu
Slide 38: EBRL Balance Sheet
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBRL Balance Sheet (Figures in Kes Billion) Balance Sheet Customer Loans Customer Deposits -3% YoY -3% +30% YoY -4% +27% YoY Assets 53.5 52.0 Loans growth in 97.0 Deposits growth 92.7 +29% YoY Constant in Constant in Constant Currency C
Slide 39: EBRL P&L
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBRL P&L (Figures in Kes Billion) Revenue Efficiency Ra os Profit Before Tax +36% +36% 10.8% 10.0% 9.7% 12.7 7.8 Yield on Earning Assets 9.4 5.1 (40%) 5.7 3.5 FY 2022 FY 2023 FY 2024 Non-Funded Income (37%) 7.6 2.4% 2.8% 2.4% 5.9 (60%) Ne
Slide 40: EBTL Balance Sheet
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBTL Balance Sheet (Figures in Kes Billion) Balance Sheet Customer Loans Customer Deposits -7% YoY -9% -14% -1% YoY +5% YoY 46.8 Assets Loans decline in 42.6 Deposits growth 30.4 +8% YoY in Constant in Constant Constant 26.0 Currency Cu
Slide 41: EBTL P&L
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBTL P&L (Figures in Kes Billion) Revenue Efficiency Ra os Profit Before Tax +20% 10.6% 10.3% 10.6% +144% 6.2 Yield on Earning Assets 1.5 5.2 3.3 2.5 (53%) FY 2022 FY 2023 FY 2024 Non-Funded Income (49%) 4.9% 4.7% 4.5% 2.7 2.9 0.6 Net Int
Slide 42: EBSSL Balance Sheet & P&L
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EBSSL Balance Sheet & P&L (Figures in Kes Billion) Balance Sheet Customer Loans Revenue* +115% +11% 8.4 Assets -8% YoY 0.8 0.7 Cash Equivalents 3.9 8.2 18.5 (98%) 3.7 Non-Funded Income (95%) Net Interest Income 0.2 0.2 (5%) (2%) FY 2023
Slide 43: Overall Banking Group Performance
Overall Banking Group Performance
Slide 44: Regional Diversification of Banking Business
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Regional Diversification of Banking Business Contribution of banking subsidiaries Kes Billion Banking Regional Subs Regional Subs Equity Regional Subs Total EBKL FY 2024 EBTL EBRL EBUL EBSS Group Total* ContribuƟon ContribuƟon BCDC (% C
Slide 45: EGHL Balance Sheet
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE EGHL Balance Sheet (Figures in Kes Billion) Group Balance Sheet Customer Loans Customer Deposits +3% +23% YoY -8% +5% YoY Deposits growth Loans growth in 1,358.2 1,399.7 887.4 in Constant -1% YoY 819.2 Constant Currency Assets Currency
Slide 46: Asset Quality, Distribution and Risk Mitigation
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Asset Quality, Distribution and Risk Mitigation NPL RaƟo by Segment Group NPL RaƟo 13.2% 12.9% 13.4% 22.4% 12.2% 11.7% 13.5% 12.2% 5.8% 2.4% Corporate MSME PSI Retail Total Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 NPL RaƟo by Country IFR
Slide 47: Asset Quality, Distribution and Risk Mitigation
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Asset Quality, Distribution and Risk Mitigation Prudent approach to credit risk management (Figures in Kes Billion) IFRS Coverage and provisions Gross loans staging 113.0 Provisions 35.1 Stage 3 (32.0%) Credit risk guarantees * 109.7 63
Slide 48: Profit and Loss Efficiency Financial Intermediation
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Profit and Loss Efficiency Financial Intermediation Yield on Loans Yield on Government SecuriƟes Yield on Interest Earning Assets 13.9% 14.2% 14.4% 10.8% 11.1% 11.5% 11.8% 12.0% 11.5% 12.1% 13.1% 12.5% 12.8% 11.4% 11.9% 12.1% 12.7% 10.8
Slide 49: Non-Funded Income - Treasury Efficiency
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Non-Funded Income - Treasury Efficiency (Figures in Kes Billion) Treasury Income YoY Treasury Income Mix Yield on Government SecuriƟes & Mark to market impact Yield on Govt SecuriƟes +4% +10% 11.8% 12.0% 11.9% 12.0% 11.8% 3.3 255.2 (5.2
Slide 50: Non-Funded Income - Trade Finance Performance
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Non-Funded Income - Trade Finance Performance (Figures in Kes Billion) Gross trade finance revenue Trade finance facilitaƟon -6% 10.9 FY 2023 FY 2024 10.3 -44% 237.3 133.2 -3% 47.1 45.7 FY 2023 FY 2024 Trade Loans Off-Balance sheet 48
Slide 51: Insurance Group
Equity Group Holdings Plc Investor Briefing Insurance Group
Slide 52: Equity Insurance Group: The Opportunity
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Insurance Group: The Opportunity Opportunity in Africa & the Equity Strategic Intent Low Insurance Penetration in Africa 2.78% 2.30% 1.34% Protect Life Life Insurance & Pensions Kenya Ke enya East Africa Africa • Low average insu
Slide 53: Equity Insurance Group: ARRP Strategic Alignment
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Insurance Group Africa Recovery and Resilience Plan | Strategic Alignment Customer Businesses & Y OFood U R& H E A DTrade L I NFinance E Cost-to- Non Funded Jobs Agriculture Income Income (NIF) W I L L SIT H E R E 30% Food & GROU
Slide 54: Equity Insurance Group: The Opportunity
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Insurance Group: The Opportunity Opportunity in Africa & the Equity Strategic East Africa Market & Industry Statistics (2023) GDP (Billion USD) 108.75 66.92 51.09 79.14 14.10 Saving rate 9.8% ** 11.5% 11.4% 14.3% Adequacy level L
Slide 55: Equity Insurance Group: Market Positioning
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Insurance Group Market Positioning | Strong Start Kenya’s Insurance Industry Equity’s Market PosiƟoning Kenyan Industry Premiums • Total industry premiums: FY 2023 – Kes 361Bn; FY2022 - Kes 302Bn Equity Group’s 1st Insurance subs
Slide 56: Equity Insurance Group: Growth & Expansion
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Insurance Group | Growth & Expansion Untapped Potential in the Captive Market Low Insurance penetration More than half of the Average Insurance penetration 20 million customers in the region is 1.34% of Equity Group are from the
Slide 57: Equity Insurance Group
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Insurance Group Performance & Growth | Demonstrated Distribution Capability Insurance Revenue Net Insurance and Investment Revenue Profit Before Tax (Kes Mn) (Kes Mn) (Kes Mn) +58% -13% -26% 1,612 2,108 1,481 1,405 594 Insurance
Slide 58: Equity Insurance Group
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Insurance Group High returns| Demonstrated Distribution Capability Incurred Claims raƟo Loss raƟo Capital Adequacy RaƟo (CAR) as at 31 December 2024 29% 53% 22% 40% FY 2023 FY 2024 FY 2023 FY 2024 Return on Average Equity (RoAE)
Slide 59: Equity Insurance Group
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Equity Insurance Group Performance & Growth | Demonstrated Distribution Capability CumulaƟve No of Policies Issued by ELAK (in Mn) No. of Unique Customers (in Mn) +41% +12% 14.1 +37% +123% 5.9 5.3 9.9 3.9 4.5 FY 2022 FY 2023 FY 2024 FY
Slide 60: Technology Group
is Ee a ey Q O° iy . i Technology Group
Slide 61: The Future of Technology Group
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE The Future of Technology Group Deliver and operate a reliable and scalable mobile money platform designed to offer daily relevant products & services Coordinated, Agile and Extensive Tech Group CapabiliƟes Equity Group Holdings PLC Equi
Slide 62: The Technology Group enabling the banking business
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE The Technology Group enabling the banking business Migrating from Fixed and variable cost channels to self-service channels 98% of our Transactions outside the branch % 90 89.4% 88.8% 89 85.7% 85.1% Digital Channels 84.8% 85 78.3% 77.7%
Slide 63: The Technology Group enabling the banking business
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE The Technology Group enabling the banking business Migrating from Fixed and variable cost channels to self-service channels Self-service channels Variable cost channels Fixed cost channels TransacƟon numbers in millions +0.1% -27% +22%
Slide 64: The Technology Group enabling the banking business
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE The Technology Group enabling the banking business Technology enabled lending Group Disbursements Value in Kes Bn (YoY) Group Disbursements Count in Millions (YoY) -30% -14% 262.2 6.2 5.3 183.3 Disbursements Count FY 2023 FY 2024 FY 202
Slide 65: Contribution of Non-Banking Business
Contribution of Non-Banking Business
Slide 66: Business Diversification
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Business Diversification Business Contribution DiversificaƟon of Non-banking business (Figures in Kes Billion) Group Non-Banking Non-Banking Non-Banking Total Banking Business Total FY 2024 EBIL EIB Finserve ELAK [aŌer eliminaƟon] Contr
Slide 67: Foundation
Equity Group Foundation
Slide 68: Impact Investment and Sustainability
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Impact Investment and Sustainability Impact & Social Investment Programs USD 693 M in Social Investment Programs % of Social investment 8% 6% 3% 2% 47% 34% Wings To Fly & Equity Leaders Enterprise Health Food & Agriculture Energy and El
Slide 69: Impact Investment and Sustainability
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Impact Investment and Sustainability Shared Prosperity Business Model and its Social Impact 60,009 60 009 2023 Wings to Fly Graduates • 97% secondary school compleƟon 3.8M Scholarships Y O UR H E A D L I N E • 82% aƩained university ent
Slide 70: Strategic Partnerships Validating the Business Model
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Strategic Partnerships Validating the Business Model Banking Partners EGF Funding Partners EGF Implementing Partners Risk Share Partners 68
Slide 71: Overall Group Performance
Overall Group Performance
Slide 72: Balance Sheet
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Balance Sheet FY 2024 KES Billion FY 2023 FY 2024 Growth Growth Constant Currency Assets Cash & Cash Equivalents 290.1 344.6 19% 516.7 78% Government SecuriƟes 500.5 512.0 2% 556.3 11% Net Loans 887.4 819.2 -8% 931.9 5% Other Assets 143
Slide 73: Income Statement
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Income Statement KES Billion FY 2023 FY 2024 Growth Interest Income 155.6 170.3 9% Interest Expense 51.4 61.5 19% Net Interest Income 104.2 108.8 4% Non-Funded Income 78.4 85.0 8% Total Income 182.6 193.8 6% Loan Loss Provision 35.3 20.
Slide 74: Group Performance highlights FY 2024
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Group Performance highlights FY 2024 Customer Deposits (Kes) Total Income (Kes) Efficiency Ra os 1.40Tn 193.8Bn NIM 7.1% -0.3% 3% 6% CIR 58.2% 5.9% Net Loans (Kes) Profit Before Tax (Kes) Profitability Ra os 819.2Bn 60.7Bn ROAE 21.5% -0.8
Slide 75: Financial Ratios
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Financial Ratios EBKL EBKL EBCDC EBCDC Group Group FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Profitability Interest Yield from Loans & Advances 13.2% 14.3% 10.0% 10.3% 12.7% 13.3% Interest Yield from Gov’t SecuriƟes 11.8% 11.9% 14
Slide 76: 2024 Guidance Vs Actual - Group
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE 2024 Guidance Vs Actual - Group 2024 Guidance FY 2024 Actual 2025 Guidance Loan Growth 2.0% - 5.0% -8% 7.5% - 12.5 % Deposit Growth 7.5% - 12.5% 3% 7.5% - 12.5 % Net Interest Margin 7.2% - 7.6% 7.1% 7.3% - 7.8% Non-Funded Income Mix 40%
Slide 77: Market Validation
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Market Validation (Figures in Kes Billion) Market CapitalizaƟon as at 31st December 2024 Mkt Cap as at 31st Dec 2024 Total Assets (Q3 2024) PAT (Q3 2024) 1,993.1 1,703.1 750.8 678.8 567.7 590.6 484.4 462.6 370.9 163.8 109.7 76.3 67.4 75
Slide 78: Appendices – Awards and Accolades
Appendices – Awards and Accolades
Slide 79: Global Ratings and Accolades
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Global Ratings and Accolades 77
Slide 80: Global Ratings and Accolades (continued)
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Global Ratings and Accolades (continued) EUROMONEY AWARDS 2024 Equity Bank Credity Rating • Best Bank for Corporate • Position 19 in Africa African Business Leadership Equity Bank Credit Rating • Best Regional Bank – • Visa Top Acquirin
Slide 81: Global Ratings and Accolades (continued)
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Global Ratings and Accolades (continued) Equity Group’s MD and CEO, Dr. James Mwangi was honored in the 2019 Bloomberg 50 list. This is an honorary list of fifty innovators, entreprenuers, and leaders who have impacted the global busine
Slide 82: Global Ratings and Accolades (continued)
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Global Ratings and Accolades (continued) DR. JAMES MWANGI HONOUREE, 2020 OSLO BUSINESS FOR PEACE AWARD Honourees are chosen by a prestigious Award Committee consisting of past Nobel Prize winnners in Peace Economics. “Dr. James Mwangi r
Slide 83: Global Ratings and Accolades (continued)
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Global Ratings and Accolades (continued) Equity Group Managing Director and Chief Executive Officer, Dr. James Mwangi was recognized and awarded the prestigious Lifetime Achievement Award at the All-Africa Business Leaders Awards held a
Slide 84: Banking Awards 2024
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE BANKING AWARDS 2024 National Banking Awards and Accolades 2024 1. Best Bank in Tier 1 – 1st Runners Up (Winner – 9 years running) 2. Overall Best Bank in Kenya – 2nd Runners Up (Winner – 12 years running) BRAND 3 3. Best Bank in Sustain
Slide 85: Insurance Awards 2024
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE INSURANCE AWARDS 2024 National Insurance Awards and Accolades 2024 1. Overall Best Bancassurance Intermediary Ltd 2. Most Customer-Centric Bancassurance Intermediary EQUITY BANCASSURANCE 3 3. Best Bancassurance Intermediary in Technolog
Slide 86: DRC presents a new frontier for sustainable growth for EGH
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE DRC, the largest country in SSA, presents a new and exciting frontier for continued sustainable growth for EGH Linchpin in world’s demand for minerals: significant untapped resource potential – largest global 9 producer of cobalt, produ
Slide 87: 2024 U.S - Kenya State visit
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE 2024 U.S - Kenya State visit: Equity Group Hosts Event On U.S. Capitol To Bolster Public-private Partnerships Between The United States And Kenyan Private Sector On the sidelines of the historic 2024 U.S.- Kenya State Visit, high-rankin
Slide 88: 2024 U.S - Kenya State visit
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE 2024 U.S - Kenya State visit: Equity Group Hosts Event On U.S. Capitol To Bolster Public-private Partnerships Between The United States And Kenyan Private Sector. At the roundtable, Congresswoman Barbara Lee (D-CA) called for Equity Gro
Slide 89: Macroeconomic Environment Indicators & Trends
Equity Group Holdings Plc Investor Briefing Q1 2024 PERFORMANCE Macroeconomic Environment Indicators & Trends
Slide 90: Kenya: Real GDP Growth forecasted at 5%
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Kenya: Real GDP Growth forecasted at 5% in 2025-2026, driven by Agriculture and Service Industries Kenya: Quarterly Real GDP Growth % YoY Kenya :Central Bank Rate : Inflation % YoY 10.3 12.0 14.00 9.4 8.6 10.0 12.00 6.0 6.0 5.9 8.0 5.6
Slide 91: Kenya: Downward shift of yield curve expected to continue
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Kenya: Downward shift of Kenya’s yield curve expected to continue as CBK cuts CBR to o st stimulate m e gr growth Kenya: Yield Curve for Treasury Bills & Bonds, % Kenya: Exchange Rate – KES/$1 20 16.51 16.65 16.84 160.75 18 129.43 113.6
Slide 92: DRC - GDP Growth forecasted to fall to 5.4% in 2025
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE DRC - GDP Growth forecasted to fall to 5.4% in 2025 from 6% in 2024 driven by copper exports and declining inflation. DRC – Real GDP Growth, % DRC – Copper & Cobalt Production Metric Tons 25 DRC Copper ProducƟon t.m 2.8 2.6 20 3.0 2.4 M
Slide 93: DRC - Current Account Deficit to narrow
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE DRC - Current Account Deficit to narrow from -6.3% of GDP in 2023 to -4% in 2024 and -2% in 2025 driven by favorable global copper commodity prices and copper production underwritten by Joint SADC EAC Peace Process Success. DRC - Curren
Slide 94: Uganda: Real GDP growth forecasted at 7.5% in 2025
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Uganda: Real GDP growth forecasted at 7.5% % in 2025 and a jump to 12.3% in 2026 when oil exports commence. Uganda: Real GDP Growth, % YoY Uganda: InflaƟon & Policy Rates Constant Prices - Quarterly GDP Growth 12.0 15.0 13.0 9.75 10.0 8
Slide 95: Uganda: USD UGX appreciation amid wide current account deficit
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Uganda: USD UGX appreciation amidst relatively wide current account deficit and low FX reserves with reprieve expected when the country starts oil exports in 2026. Uganda: USD/UGX Rate Uganda: Current Account Deficit, % of GDP 4,000.00
Slide 96: Rwanda: GDP growth forecasted at 6.5% in 2025
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Rwanda: GDP growth forecasted at 6.5% in 2025, 6.8% in 2026 and above 7% YoY between 2027-2029. Rwanda: Quarterly Real GDP Growth, % YoY Rwanda: Inflation, % YoY and BNR CBR Monetary Policy Rate 8.0 25.0 20.6 7.0 6.5 20.0 6.0 15.0 5.0 1
Slide 97: Rwanda: Slower FX depreciation amid narrowing current account deficit
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Slower FX depreciation amid narrowing current account deficit & strategic investments. Rwanda: Foreign Exchange Rate, Ushs/$1 Rwanda: Current Account Deficit, % of GDP 2023 2024 2025 2026 2027 2028 2029 1,600.00 1424.39 0.00 1,400.00 1,
Slide 98: Tanzania: GDP growth forecasted at 6% in 2025
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Tanzania: GDP growth forecasted at 6% in 2025 and 6.3% in 2026 before averaging 6.5% over 2027-2029 driven by Agriculture, Minerals & LNG exports, Services like Tourism, Mega Public CAPEX Infrastructure Projects and Government’s Open Ec
Slide 99: Tanzania: FX Rate lower single digit depreciation
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Tanzania: FX Rate lower single digit depreciation rate. Narrowing current account deficit expected to remain below the sustainable -5% of GDP global benchmark. Tanzania: Foreign Exchange Rate, Tzs/$1 Tanzania: Current Account Deficit, %
Slide 100: South Sudan: IMF forecasts recovery of Real GDP growth
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE South Sudan: IMF forecasts recovery of Real GDP growth to 27.2% in 2025 driven by resumption of 2/3 of oil exports cut of the pipeline via Khartoum from the SAF - RSF civil war. South Sudan – Real GDP Growth, % Figure 48: South Sudan –
Slide 101: South Sudan: High USD SSP depreciation and devaluation
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE South Sudan: High USD SSP depreciation, devaluation, divergence of official and parallel FX rates from high inflation, and low FX Reserves below 1 month of imports cover. South Sudan: Foreign Exchange Rates, SSP/$1 South Sudan: Current
Slide 102: Glossary
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Glossary # Acronym Full Meaning 1 ABSA ABSA Bank Kenya Lim ited 41 EGH Equity Group Holdings 81 PAR Portfolio At Ris k 2 AFCFTA African Continental Free Trade Area 42 EGHL Equity Group Holdings Limi ted 82 PAT Profit After Tax 3 AFDB Af
Slide 103: Scan QR codes to download reports
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Scan QR code below to download the Scan QR code below to download the Africa Africa Recovery and Resilience Plan EGH PLC 2023 Integrated Report and Financial-Statements Scan QR code below to view video: back better by Equity Group Manag
Slide 104: Notes
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Notes 102
Slide 105: Notes
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Notes 103
Slide 106: Notes
Equity Group Holdings Plc Investor Briefing FY 2024 PERFORMANCE Notes 104
Slide 107: Equity Centre - EquityBCDC Le Siège Social, Kinshasa
Equity Group Holdings Plc Investor Briefing Equity Centre - EquityBCDC Le Siège Social, Kinshasa
Slide 108: Equity Centre, Upperhill, Nairobi contact details
Equity Group Holdings Plc Investor Briefing Equity Centre, 9th Floor, UpperHill P.O.Box 75104, Nairobi, Tel: 0763 000 000 [email protected] @keEquitybank @keEquitybank EQUITY GROUP HOLDINGS PLC AND EQUITY BANK (KENYA) LIMITED ARE REGULATED BY THE CENTRAL BANK OF KENYA.