Absa Group Limited · JSE:ABG
Absa — Barclays Africa Group — Debt Investor Presentation (March 2017)
9 slides from Absa's debt investor presentation, March 2017
Slide 1: South African Fixed Income Investor Update for BAGL
an Barclays Africa Group Limited (“BAGL”) South African Fixed Income Investor Update for BAGL March 2017
Slide 2: Pre-provision Profit Drove Earnings Growth
Pre-provision Profit Drove Earnings Growth FY16 FY15 Change Pre-provision profit (Rbn) Rm Rm % 10% Net interest income 42 003 38 407 9 32.4 Non-interest income 30 391 28 791 6 8% 5% 29.5 Total income 72 394 67 198 8 27.3 Impairment losses (8 751) (6 920) 26 Operating expenses (39 956) (37 661) 6 Oth
Slide 3: CIB Drove Group Earnings Growth
CIB Drove Group Earnings Growth Headline earnings growth (Rm) 27% (4%) 8% 5% 1 099 (53) (61) 14 980 (3%) 14 287 (292) 14% FY15 RBB CIB WIMI Head office and FY16 other 2 | BAGL South Africa Fixed Income Investor Update | March 2017
Slide 4: …As The Balance Sheet Growth Slows
…As The Balance Sheet Growth Slows Group customer loans and advances (Rbn, YoY growth) 2% 9% 720 11% 715 703 7% 657 5% 636 FY14 1H15 FY15 1H16 FY16 3 | BAGL South Africa Fixed Income Investor Update | March 2017
Slide 5: BAGL Group Capital Composition – December 2016
BAGL Group Capital Composition – December 2016 Absa Bank Absa Bank Entity (As at Dec-16) BAGL 2 Residual 2016 Entity Targets BAGL 2 Limited Limited Total Assets R1.101bn R918bn R183bn CET1 – Regulatory 1 6.88% 6.88% minimum Headline Earnings R14.980bn R9.778bn R5.202bn CET1 – Internal target 9.5% -
Slide 6: SENS Announcement
SENS Announcement Update on Barclays PLC sell-down and separation Since 1 March 2016, when Barclays PLC announced its intention to reduce its shareholding in BAGL to achieve accounting and regulatory deconsolidation, we have worked jointly to ensure the best outcome for all of our stakeholders. Shar
Slide 7: BAGL / Absa Debt Maturity Profile & Issuance Targets
BAGL / Absa Debt Maturity Profile & Issuance Targets BAGL (S&P zaA) and Absa Bank (S&P zaAA-; Moody’s Aa1.za) Listed Debt Maturity Profile Rmn 10,000 2017 Forecasted Capital issuance activity: 8,000 • As indicated in November BAGL intends to issue R4-6bn Tier II and Additional Tier 1 capital • The a
Slide 8: Contacts
Contacts Barclays Africa Syndicate Deon Raju – BAGL Treasurer Matt Duggan – Head, Principal Tel no. 011- 895 7107 / [email protected] Tel no. 011- 895 7864 / [email protected] Rolf van den Heever – Head, CME & Balance Sheet Management Trishalia Naidoo – Associate Principal Tel no. 011
Slide 9: Disclaimer
Disclaimer Certain statements (words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘believes’, ‘intends’, ‘plans’, ‘may’, ‘will’ and ‘should’ and similar expressions in this document are forward looking. These relate to, among other things, the plans, objectives, goals, strategies, futu
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