Abu Dhabi Islamic Bank · ADX:ADIB

Abu Dhabi Islamic Bank — Q2 2010 Earnings Presentation

22 slides from Abu Dhabi Islamic Bank's earnings presentation, Jul 20, 2010

  1. Slide 1: Investor Presentation

    Investor Presentation 30 June 2010 Abu Dhabi: 20 July 2010 ADIB © 2010 adib.ae

  2. Slide 2: Table of contents

    Table of contents Pages  ADIB at a glance 3  Focus on network expansion 4  Financial targets over the medium term 5  Q2 2010 – Highlights 6  Consolidated Statement of Income 7  Key income parameters 8  Consolidated Balance Sheet 9  Balance Sheet Strength 10  Assets and Liquidity 11  Custom

  3. Slide 3: ADIB at a glance

    ADIB at a glance - Incorporated in 1997 to serve as first Islamic Bank in the Emirate of Abu Dhabi. Overview - Owned (40 %) by Emirates International Investment Co. LLC. - Listed on Abu Dhabi Securities Exchange (ADX). Fitch Moody's (Re-affirmed 23 Feb 2010) (Re-affirmed 21 Feb 2010) Credit Rating L

  4. Slide 4: Focus on network expansion continues

    Focus on networking expansion continues ADIB continues to investment in coverage during the downturn Branch Network Customers ATM +14% 57 +25% 387,017 262 48 305,567 +70% 44 249,421 160 91 Q2 08 Q2 09 Q2 10 Q2 08 Q2 09 Q2 10 Q2 08 Q2 09 Q2 10  57 Branches in 11 years.  25% CAGR growth in Customers

  5. Slide 5: Financial targets over the medium term

    Financial targets over the medium term 1 Core business ROE of 25% over the medium term 2 Cost to Income Ratio of less than 33% 3 Earnings increase of 20% p.a. over the medium term 5

  6. Slide 6: Q2 2010 – Highlights

    Q2 2010 – Highlights Consolidated 30 June ‘10 % chg (vs Balance Sheet AED (bn) June '09)  Total Assets increased by 18% from Q2 2009 to Assets 68.3 18% reach AED 68.3 bn. Customer Financing 45.2 21%  Customer financing increased by 21% from Q2 2009 to reach AED 45.2 bn. (1)  Customer deposits sho

  7. Slide 7: Consolidated Statement of Income

    Consolidated Statement of Income % chg Q2 % chg Q2 % chg H1 10 AED Mn Q2 09 Q1 10 Q2 10 H1 09 H1 10 10 vs Q2 09 10 vs Q1 10 vs H1 09 Revenues 599.4 680.7 744.2 24.1% 9.3% 1,178.4 1,424.8 20.9% Net Revenue from Funds 515.3 571.6 647.6 25.7% 13.3% 1,016.7 1,219.2 19.9% Fees & commission 35.1 56.1 79.0

  8. Slide 8: Key income parameters

    Key income parameters Revenues (AED Mn) Net Profit (AED Mn) Net revenue f rom f unds 744 Fees, commission & others 302 96 624 276 599 84 198 193 180 365 648 138 515 426 227 Q2 07 Q2 08 Q2 09 Q2 10 Q2 07 Q2 08 Q2 09 Q2 10 Return on shareholders’ Equity (%) Cost to income ratio (%) Return on Average E

  9. Slide 9: Consolidated Balance Sheet

    Consolidated Balance Sheet % chg 30 June % chg 30 June AED Mn 30 June 2009 31 Dec 2009 30 June 2010 2010 vs 30 June 2010 vs 31 Dec 2009 2009 Cash and balances with Central Banks 3,482 3,331 4,291 23.2% 28.8% Due from financial institutions 11,842 14,658 12,670 7.0% -13.6% Net Customer financing 37,4

  10. Slide 10: Balance Sheet Strength

    Balance Sheet Strength Remains one of the most liquid bank’s in the UAE on the back of above market balance sheet growth +21% +19%  Total Assets increased by 18% 45,201 51,883 in Q2 2010 to reach AED 68.3 37,447 43,566 Bn. 30,140 33,710  Net Customer financing increased by 21% in Q2 2010 to reach

  11. Slide 11: Assets and Liquidity

    Assets and Liquidity Average Earning Assets (AED bn) and Net Profit Margin (%) Composition of Assets – AED 68 bn Average Earning Assets NPM% Investments; 60 57 7.0% 52 56 3.2% 48 49 6.5% 50 45 Fixed assets 6.0% & Other 40 Customer Assets; 5.9% 5.5% financing; 30 5.0% 66.1% 4.5% 20 4.5% Cash & bal 4.

  12. Slide 12: Customer Financing

    Customer Financing Gross Customer financing by Segment Gross Customer financing by Geographic Region 23% Private -Individuals – 7.4 bn Middle 15.7% East; 1.8% Private 17.9% -Corporate – 12.1 bn Wholesale -Commercial – 2.4 bn 37.8% Wholesale -PS & ,Govt -FIs – 1.6 bn – 1.6 bn Europe; 37.5% UAE; 95.2%

  13. Slide 13: Customers’ Deposits

    Customers’ Deposits Gross Customers’ Deposits by Segment Gross Customers’ Deposits by Type Private -Individuals - 4.6 bn Current 19% -Non-profit 14.6% organization - 3.0 bn Accounts Private Wakala 25.4% 14.9% Deposits Retail 43.7% -Individuals – 17.3 bn 39.3% Retail -SMEs – 3.1 bn 36.6% -Government

  14. Slide 14: NPAs & Provisions

    NPAs & Provisions NPA growth rate of 3.0% was below the customer asset portfolio growth rate of 7.6% for the quarter Provisions (AED Mn) 2008 2009 30 June 10 Key points Financing Portfolio  NPAs increase by AED 78.3 Mn in Q2 2010 to AED 2,699 Mn at end of Q2 2010. Individual/Specific 455 1,233 1,34

  15. Slide 15: Capital Adequacy

    Capital Adequacy Remains above the new Central Bank threshold of 12% for Total Capital Adequacy ratio Capital Adequacy % Capital Resources – AED Bn 20.0% Equity 14.0 CAR Basel II UAE Central Bank requirement 19.0% 12.8 Total Capital Resources 17.0% 16.8% 16.6% 18.0% 12.0 17.0% 10.6 16.0% 14.9% 10.0

  16. Slide 16: Shareholders Return

    Shareholders Return Despite the economic downturn ADIB still delivered a total shareholder return of 19% in 2009  30 June 2010 Share price was AED 2.48 per share.  31 Mar 2010 Share price was AED 3.12 per share (includes impact of 20 % bonus share dividend - Dec 09 Share price AED 2.89).  Bonus s

  17. Slide 17: Outlook - 2010

    Outlook - 2010 On the back of our rebranding we are implementing a broad range of initiatives to enhance our product 1 portfolio, improve our processes and introduce new banking channels, all of which is designed to provide support to our customers, with best in market service and Shari’a inspired s

  18. Slide 18: Disclaimer

    Disclaimer The information contained herein has been prepared by Abu Dhabi Islamic Bank PJSC (ADIB). ADIB relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This presentation has been prepared for information purposes only and is

  19. Slide 19: Executive Management Biographies

    Executive Management Biographies 19

  20. Slide 20: Executive Management Profile (I)

    Executive Management Profile (I) Joined ADIB in March 2008. He holds a Bachelor degree (major in Corporate Finance) from Loyala of Tirad Marouf Mahmoud Concordia University in Montreal, Canada and has also completed the Executive Management Program at Chief Executive Officer Wharton. He has previous

  21. Slide 21: Executive Management Profile (II)

    Executive Management Profile (II) Abdul Rahman Abdullah Joined ADIB on 12 September 1998. He holds a Bachelor in Science. He has 28 years banking experience Co-Head of Private Banking His previous position was Deputy Head of Private Banking Department at the National Bank of Abu Dhabi. & Wealth Mana

  22. Slide 22: Executive Management Profile (III)

    Executive Management Profile (III) Waheeb Al Khazraji Joined ADIB on 10 December 2005 . He holds Chemical Engineering and MBA degrees along with Human Resource, UAE Chartered Human Resource Consultant (CHRC), Canada and Chartered in Personal Development (CIPD), UK. He has 5 years banking experience.

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