Equity Group Holdings Limited · NSEKE:EQTY
Equity — H1 2025 Earnings Presentation
92 slides from Equity's earnings presentation, August 2025
Slide 1: Investor Briefing H1 2025 Performance
INVESTOR BRIEFING H1 | 2025 PERFORMANCE
Slide 2: Headquarters: Equity Centre, Upperhill, Nairobi
Equity Group Holdings Plc Headquarters Equity Centre, Upperhill, Nairobi
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 16 5 Strategy Overview 22 6 Banking Group 26 7 Overall Banking Group Performance 39 8 Insurance Group 45 9 Technology Group 55 10 Contribution of
Slide 4: Equity Group's Philosophies
Equity Group Holdings Plc Investor Briefing H1 2025 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 H1 2025 PERFORMANCE Governance & Risk Management Framework RISK PROCUREMENT COMMITTEE COMMITTEE YO R Equity Group Foundation Equity Afya 4
Slide 7: Governance and Organizational Structure
Equity Group Holdings Plc Investor Briefing H1 2025 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 H1 2025 PERFORMANCE Group Executive Management Dr.James Mwangi,CBS Group Managing Director & C h i e f E x e c u t i v e O f fi c e r Samuel Kirub i Brent Malaha y Gertrude Karugab a Group Chief Operating G r o u p C h i e f S t r a t e g y O f fi c e r C
Slide 9: Group Executive Management
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Group Executive Management David Ssegaw a Rene Kalonji Christine Brown e Group Director Human C h i e f P r o d u c t O f fi c e r Group Director Special Resources Operations Assets Joy DiBenedett o Michael Kwofie Sam Gitweker e Group D
Slide 10: Group Executive Management
Equity Group Holdings Plc Investor Briefing H1 2025 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 Directors
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Group Board of Directors Prof. Isaac Ma chari a Dr. James Mwangi, CB S Non-Executive Chairman Group Managing Director and C h i e f E x e c u t i v e O f fi c e r Samuel Mwale Jonas Mushosho Dr. Evans Baiy a Non-Executive Director Non-E
Slide 12: Macroeconomic and Operating Environment
Macroeconomic and Operating Environment
Slide 13: The Global Economic Landscape
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE The Global Economic Landscape Securing Wins In A Dynamic Global Environment • Slightly stronger Global GDP Growth: Anchored in improved forecasts for the U.S., E.U, and China--helpful but still sluggish. • Lower Global Oil Prices Hold:
Slide 14: Dynamics in EGH Economies
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Dynamics in EGH Economies Regional Performance Remains Strong • Strong Sub-Saharan Africa outlook: 21 African countries are projected to grow above 5% in 2025, with 4 countries (Ethiopia, Niger, Rwanda, and Senegal) potentially reaching
Slide 15: Select Africa Eurobond Dynamics
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Select Africa Eurobond Dynamics Eurobond Prices In SSA • Global asset allocators are beginning to push money towards emerging markets. Appetite for non-US assets has picked up. • Kenya’s Eurobonds have risen above the highest level seen
Slide 16: Equity Group presence and Market Position
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Group presence and Market Position Kenya DRC Rwanda KCB 17.2% RAWBANK 29.3% BK 35.7% Equity asset market posi on in top 2 in Equity 13.4% EQUITY BCDC 24.4% Equity 19.3% half of the markets in 2024 Coop 8.8% TMB 10.0% KCB 14.1% NC
Slide 17: Transforming Lives in Africa: Regional Footprint
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Transforming Lives in Africa: Regional Footprint 2.3 million Customers Accounts 233,191 Customers Accounts 50 Branches 5 Branches 1,432 Employees UGANDA SOUTH 145 Employees 58 ATMs 21 ATMs 9,028 Agency Outlets SUDAN
Slide 18: Strategy Overview
Strategy Overview
Slide 19: Equity Group Transformation
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Group Transformation Governance • Shareholders • Board • Executive Management S • Regulators P C P Strategy Customer People Processes & Systems • ARRP • Product House • Performance, reward & • Expansive branch, Agency & • Brand •
Slide 20: 2030 Strategy Framework
Equity Group Holdings Plc Investor Briefing H1 2025 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 21: Performance against ARRP targets
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Performance against ARRP targets Loan Mix - Food and Agriculture Loan Mix - Manufacturing and Logistics Loan Mix - MSME 2030 target = 30% 2030 target = 15% 2030 target = 65% 49% 42% 14.0% 8.0% 9.0% 3.0% H1 2025 FY 2025 Target H1 2025 FY
Slide 22: Banking Group
Banking Group
Slide 23: Banking Group Balance Sheet Optimization and Efficiency
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Banking Group Balance Sheet Optimization and Efficiency Net Interest Margins Return on Assets Return on Equity H1 2024 H1 2025 EBKL 6.5% 7.5% 2.8% 3.9% 25.0% 28.1% EBCDC 6.9% 7.1% 2.6% 3.1% 21.9% 23.5% EBUL 11.0% 9.1% 2.2% 3.4% 17.1% 25
Slide 24: EBKL Balance Sheet
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBKL Balance Sheet (Figures in Kes Billion) 22
Slide 25: EBKL P&L
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBKL P&L (Figures in Kes Billion) *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 23
Slide 26: EBCDC Balance Sheet
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBCDC Balance Sheet (Figures in Kes Billion) 24
Slide 27: EBCDC P&L
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBCDC P&L (Figures in Kes Billion) *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 25
Slide 28: EBUL Balance Sheet
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBUL Balance Sheet (Figures in Kes Billion) 26
Slide 29: EBUL P&L
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBUL P&L (Figures in Kes Billion) *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 27
Slide 30: EBRL Balance Sheet
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBRL Balance Sheet (Figures in Kes Billion) 28
Slide 31: EBRL P&L
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBRL P&L (Figures in Kes Billion) *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 29
Slide 32: EBTL Balance Sheet
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBTL Balance Sheet (Figures in Kes Billion) 30
Slide 33: EBTL P&L
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBTL P&L (Figures in Kes Billion) *Other income relates to trading gains, unrealized revaluation gains/loss and other commissions 31
Slide 34: EBSSL Balance Sheet & P&L
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EBSSL Balance Sheet & P&L (Figures in Kes Billion) *Revenue includes unrealized revaluation gains which are netted of with monetary losses to arrive at PBT 32
Slide 35: Overall Banking Group Performance
Overall Banking Group Performance
Slide 36: Regional Diversification of Banking Business
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Regional Diversification of Banking Business Contribution of banking subsidiaries (Figures in Kes Billion) *Subsidiary contributions are shown before intercompany eliminations 34
Slide 37: EGHL Balance Sheet
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE EGHL Balance Sheet (Figures in Kes Billion) 35
Slide 38: Asset Quality, Distribution and Risk Mitigation
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Asset Quality, Distribution and Risk Mitigation 36
Slide 39: Asset Quality, Distribution and Risk Mitigation
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Asset Quality, Distribution and Risk Mitigation Prudent approach to credit risk management (Figures in Kes Billion) 37
Slide 40: Financial Intermediation Efficiency
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Financial Intermediation Efficiency Yield on Loans Yield on Government Securities Yield on Interest Earning Assets 13.9%14.2%14.4%14.6%13.7% 11.1%11.5%11.8%12.0%11.9%12.1% 12.3%12.3% 13.1%12.5%12.8%13.1%12.4% 11.9%12.1%12.7% 10.9%11.3%1
Slide 41: Insurance Group
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Slide 42: Equity Insurance Group: The Opportunity
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Insurance Group: The Opportunity Opportunity in Africa & the Equity Strategic Intent Low Insurance Penetration in Africa Financial protection Growing pressure on beyond self occupational pensions Growing demand Life Increased nee
Slide 43: Equity Insurance Group: Strategic market alignment
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Insurance Group Strategic market alignment • • • • Protect what matters most. 41
Slide 44: Equity Market Positioning | Strong Start
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Market Positioning | Strong Start Kenya Insurance Industry Market Affirmation (Figures in Kes Billion) • • • 42
Slide 45: Africa Recovery and Resilience Plan | Strategic Alignment
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Insurance Group Africa Recovery and Resilience Plan | Strategic Alignment 43
Slide 46: Equity Insurance Group | Growth & Expansion
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Insurance Group | Growth & Expansion Untapped Potential in the Captive Market Low Insurance penetration 06 01 Distribution Capabilities Financial Inclusion 05 02 Alignment to Group Strategy on 04 03 Africa Resilience and Recovery
Slide 47: Equity Insurance Group
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Insurance Group 26% growth in PBT supported by an 115% increase in gross written premiums. (Figures in Kes Million) 45
Slide 48: Equity Life Assurance (ELAK)
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Life Assurance (ELAK) 20% growth in PBT supported by 18% increase in net insurance and investment revenue. (Figures in Kes Million) 46
Slide 49: Equity Life Assurance (ELAK): Performance & Growth
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Equity Life Assurance (ELAK) Performance & Growth | Demonstrated Distribution Capability • • • • 47
Slide 50: Launch of Equity General Insurance Kenya (EGIK)
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Launch of Equity General Insurance Kenya (EGIK) A strong start with 1.4Bn premiums written in the first 6 months of operations (Figures in Kes Million) 48
Slide 51: Technology Group
Technology Group
Slide 52: The Future of Technology Group
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE The Future of Technology Group Deliver and operate a reliable and scalable mobile money platform designed to offer daily relevant products & services • • • • • • • • • • • • • • 50
Slide 53: Technology Group enabling the banking business
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE The Technology Group enabling the banking business Migrating to self-service channels; 98% of our transactions outside the branch % 51
Slide 54: Technology Group enabling the banking business
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE The Technology Group enabling the banking business Migrating from Fixed and variable cost channels to self-service channels *Eazzy FX transaction numbers in thousands 52
Slide 55: Technology Group enabling the banking business
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE The Technology Group enabling the banking business Technology enabled lending 53
Slide 56: Contribution of Non-Banking Business
Contribution of Non-Banking Business
Slide 57: Business Diversification
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Business Diversification Business Non-banking Diversifica business contribution increasing YoY (Figures in Kes Billion) *Non-Banking *Non-Banking Insurance Non-Banking Banking Group H1 2025 EBIL EIB Finserve Contribution H1 Contribution
Slide 58: Equity Group Foundation
Equity Group Foundation
Slide 59: Impact Investment and Sustainability
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Impact Investment and Sustainability Impact & Social Investment Programs Wings To Fly & Elimu Program % of Social investment 47% Food and SI T Equity Leaders Program Agriculture 34% 2% USD 715 Million in Social Investment Programs Enter
Slide 60: Shared Prosperity Business Model and its Social Impact
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Impact Investment and Sustainability Shared Prosperity Business Model and its Social Impact • • • • • • 58
Slide 61: Strategic Partnerships Validating the Business Model
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Strategic Partnerships Validating the Business Model Banking Partners EGF Funding Partners EGF Implementing Partners Risk Share Partners 59
Slide 62: Overall Group Performance
Overall Group Performance
Slide 63: Balance Sheet
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Balance Sheet (Figures in Kes Billion) 61
Slide 64: Income Statement
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Income Statement (Figures in Kes Billion) 62
Slide 65: Group Performance Highlights H1 2025
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Group Performance Highlights H1 2025 63
Slide 66: QoQ PBT trend
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE QoQ PBT trend Strongest quarterly performance by the Group in Q2 2025 at Kes 22.9 billion, despite muted loan book growth, geopolitical impacts and the culture and governance transformation the Group is undertaking. (Figures in Kes Bill
Slide 67: Financial Ratios
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Financial Ratios 65
Slide 68: 2025 Guidance Vs Actual - Group
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE 2025 Guidance Vs Actual - Group (Figures in Kes Billion) 66
Slide 69: Industry Positioning by Market Cap, Assets and Profitability
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Industry Positioning by Market Cap, Assets and Profitability (Figures in Kes Billion) Market Capitalization Source: Business Daily July 01, 2025 67
Slide 70: Appendices – Awards and Accolades
Appendices – Awards and Accolades
Slide 71: Global Ratings and Accolades
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Global Ratings and Accolades 69
Slide 72: Global Ratings and Accolades (continued)
Equity Group Holdings Plc Investor Briefing H1 2025 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 East • Visa Top Acqui
Slide 73: Equity Group Recognized as a Superbrand in East Africa
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Global Ratings and Accolades (continued) EQUITY GROUP HOLDINGS PLC RECOGNIZED AS A SUPERBRAND IN EAST AFRICA Equity Group Managing Director and CEO, Dr. James Mwangi (Right) receives the certificate of recognition from Superbrands East
Slide 74: Freedom of the City of London; UNHCR Visionary Award
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Global Ratings and Accolades (continued) FREEDOM OF THE CITY OF LONDON UNHCR VISIONARY AWARD Dr. James Mwangi, Equity Group Holdings Managing Director and CEO Equity Group Foundation Executive Chairman Dr. James Mwangi received with Lor
Slide 75: 2025 National Banking Awards and Accolades
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE 2025 National Banking Awards and Accolades INDIVIDUAL CEO of the Year – Dr. James Mwangi (5 Years Running) 1. Best Bank in Sustainable Corporate Social Responsibility – Winner (7 years running) 2. Best Bank in Financial Literacy Program
Slide 76: 2025 National Insurance Awards and Accolades
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE INSURANCE AWARDS 2025 National Insurance Awards and Accolades 2025 1. Best Bancassurance Intermediary Ltd - 1st Runner Up EQUITY BANCASSURANCE 2. Risk Management Award - 1st Runner Up INTERMEDIARY LTD 3. Best Bancassurance Intermediary
Slide 77: Proparco grants €1 million technical assistance to Equity Group Foundation
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Proparco grants €1 million technical assistance to Equity Group Foundation to help Kenyan smallholder farmers transition to Climate-Smart Agriculture Proparco and Equity Group signed an agreement, granting technical assistance of one mi
Slide 78: UN General Assembly President Visits Equity
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE The UN General Assembly President Visits Equity to Discuss Youth Innovation and Digital Technology His Excellency Philemon Yang, the President of the United Nations General Assembly (UNGA), visited Equity for high-level discussions cent
Slide 79: Macroeconomic Environment Indicators & Trends
Macroeconomic Environment Indicators & Trends
Slide 80: Kenya Economic Update
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Kenya Economic Update Stable But Moderating Growth Kenya’s economy grew by 4.7% in 2024, the slowest in the post Covid era, down from 5.7% in 2023 (revised). 2025 growth is expected at 5% driven by sectoral growth in agriculture and s
Slide 81: DRC Economic Update
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE DRC Economic Update Attracting Growing Global Interest DRC’s economic growth slowed to 6.5% in 2024 from 8.5% in 2023. Growth will slow further to 5.1% in 2025 informed by global economic slowdown (export demand); deceleration in mini
Slide 82: Uganda Economic Update
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Uganda Economic Update Global Growth Leader Uganda’s economic growth for 2024 is estimated at 6.3% and projected at 6.1%-7.0 % in 2025. Growth will be primarily driven by agriculture, FDI towards the extractive sector, infrastructure,
Slide 83: Rwanda Economic Update
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Rwanda Economic Update Exceptional Growth, Watch External Funding Rwanda’s economy grew at 8.9% in 2024 and is expected to moderate to between 6.1% and 7.1% this year. Drivers for growth include continued public investment; conducive
Slide 84: Tanzania Economic Update
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Tanzania Economic Update Robust Growth In An Election Year Tanzania’s economy is expected to grow at 6% in 2025, up from 5.5% in 2024, driven by agriculture, construction, tourism, the financial sector, and mining. Tourism, constructi
Slide 85: South Sudan Economic Update
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE South Sudan Economic Update Managing Multiple Shocks South Sudan’s (SS) economy contracted by -27.6% in 2024, a more moderate contraction is anticipated for 2025 at -4.3%. Initial growth projections stood at 27% but has been disrupted
Slide 86: Glossary
Equity Group Holdings Plc Investor Briefing H1 2025 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 87: Disclaimer
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Disclaimer This document and the information therein has been prepared by Equity Group Holdings Plc (the “Group”) for informational purposes only and does not constitute an offer or solicitation to buy, sell, or subscribe to any securit
Slide 88: Scan QR code to download reports
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Scan QR code below to download the Scan QR code below to download the Africa Recovery and Resilience Plan The Africa Recovery and Resilience Plan In Action Scan QR code below to view video: back better by Equity Group Managing Director
Slide 89: Notes
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Notes 87
Slide 90: Notes
Equity Group Holdings Plc Investor Briefing H1 2025 PERFORMANCE Notes 88
Slide 91: Equity Centre - EquityBCDC Le Siège Social, Kinshasa
Equity Group Holdings Plc Investor Briefing Equity Centre - EquityBCDC Le Siège Social, Kinshasa
Slide 92: Equity Centre, 9th Floor, UpperHill
Equity Centre P.O. Box 75104–00200, Nairobi. Tel: 0763063000, Fax: + 254-020-2737276, [email protected], www.equitygroupholdings.com Equity Centre, 9th Floor, @keEquityBank UpperHill keEquityBank P.O.Box 75104, Nairobi, Tel: 0763 000 000 www.ke.equitybankgroup.com info@equitygroupholdings
Equity Group Holdings — H1 2025 Earnings Presentation on 6ix