Gulf Bank K.S.C. · KSE:GBK
Gulf Bank K.S.C — Gulf Bank — Q2 2018 Earnings Presentation
12 slides from Gulf Bank K.S.C's earnings presentation, 2018
Slide 1: Gulf Bank Investors Presentation Q2 2018 Earnings Call
Gulf Bank Investors Presentation Q2 – 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 36 +12% KD Million 32 +10% 30 27 +18% +10% 23 20 16 +10% Q2 13 +19% 10 Q1 9 +15% 11 0 2013 2014 2015 2016 2017 H1-17 H1-18 3
Slide 4: @aisll Cli
@aisll Cli 5,0 == GULF BANK <> GULF BANK wr Pe ee == GULF BANE
Slide 5: Progression of Credit Ratings
Progression of Credit Ratings 2013 2014 2015 2016 2017 2018 Long Term Baa2 Baa1 A3 A3 A3 A3 Outlook Positive Positive Stable Stable Stable Positive Long Term BBB+ BBB+ A- A- A- A- Outlook Positive Positive Stable Stable Positive Stable Long Term A+ A+ A+ A+ A+ A+ Outlook Stable Stable Stable Stable
Slide 6: Balance Sheet
Balance Sheet KD Millions 30-Jun-17 % of Avg Assets 30-Jun-18 % of Avg Assets 30-June-18 vs 30-Jun-17 KD Million % Assets 1 Cash & cash equivalents 680 12% 593 10% (87) -13% 2 Kuwait Government Bonds 455 8% 481 8% 25 6% 3 CBK Bills 400 7% 359 6% (41) -10% 4 Deposits with Banks & OFIs 129 2% 111 2% (
Slide 7: Liquidity Ratios
Liquidity Ratios Liquidity Coverage Ratio NSFR 350% 325% 120% 104% 107% 300% Minimum 100% 262% 100% 250% 200% 80% 150% Minimum 100% 60% (1 Jan 2019) 100% 40% 50% 0% 20% Q2'17 Daily Average Q2'18 Daily Average 31-Mar-18 30-Jun-18 7
Slide 8: Income Statement
Income Statement % of Avg % of Avg KD Millions 2016 16 vs 15 2017 17 vs 16 H1-17 H1-18 H1-18 vs H1-17 Assets Assets 1 Interest Income 180 7% 206 15% 99 3.6% 119 4.2% 20% 2 Interest Expense (63) 30% (74) 17% (35) -1.3% (42) -1.5% 18% 3 Net Interest Income 117 -2% 132 13% 63 2.30% 77 2.70% 21% 4 Non I
Slide 9: 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% 3.0% 5% 2.6% 2.4% 2.1% 1.7% 0 0% 2009 2010 2011 2012 2013 2014 2015 2016 H1-17 2017 H1-18 NPL NPL Ratio 9
Slide 10: Capital & Leverage Ratios
Capital & Leverage Ratios Tier 1 Capital (KWD mil) Risk Weighted Assets (KWD mil) 700 15% 4,400 14.0% 4,335 650 13.2% 13% 4,300 600 573 555 Minimum 550 12% 4,200 KD Million 11% KD Million 500 4,100 450 9% 3,977 +3% 4,000 +9% 400 7% 3,900 350 300 5% 3,800 30-Jun-17 30-Jun-18 3,700 Tier I Capital % 30
Slide 11: Q&A
Q&A 11
Slide 12: Income Statement Balance Sheet
Income Statement Balance Sheet Income Statement (KD Thousands) H1-17 H1-18 Balance Sheet (KD Millions) 30-Jun-17 30-Jun-18 Interest income 98,802 118,718 Assets Interest expense (35,330) (41,850) Cash & cash equivalents 680 593 Net Interest Income 63,472 76,868 Net fees and commissions 16,191 14,711