Abu Dhabi Islamic Bank · ADX:ADIB

Abu Dhabi Islamic Bank — Q1 2010 Earnings Presentation

21 slides from Abu Dhabi Islamic Bank's earnings presentation, Apr 20, 2010

  1. Slide 1: Investor Presentation

    Investor Presentation 31 March 2010 Abu Dhabi; 20 April 2010 Confidential

  2. Slide 2: Table of Contents

    Table of Contents Pages  ADIB at a glance 2  Vision and Mission 3  Core Pillars 4  Financial targets over the medium term 5  FY Q1 2010 – Highlights 6  Consolidated Income Statement 7  Key income parameters 8  Consolidated Balance Sheet 9  Balance Sheet Strength 10  Assets and Liquidity 11

  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 networking expansion continues

    Focus on networking expansion continues ADIB continues to investment in coverage during the downturn Branch Network Customers ATM +14% 55 +23% 365,080 234 45 +75% 42 287,302 240,101 138 76 Q1 2008 Q1 2009 Q1 2010 Q1 2008 Q1 2009 Q1 2010 Q1 2008 Q1 2009 Q1 2010  55 Branches in 11 years.  23% CAGR g

  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 4

  6. Slide 6: FY Q1 2010 – Highlights

    FY Q1 2010 – Highlights Consolidated 31 Mar ‘10 % chg (vs Balance Sheet AED (bn) Mar '09) Assets 66.0 20%  Total Assets increased by 20% from Q1 2009 to reach AED 66.0 bn. Customer Financing 42.0 17%  Customer financing increased by 17% from Q1 2009 to reach AED 42.0 bn. Customers' Deposits (1) 49

  7. Slide 7: Consolidated Income Statement

    Consolidated Income Statement The first quarter of 2010 was a highest earning quarter in ADIB’s history % chg % chg AED MM Q1 09 Q4 09 Q1 10 Q1 10 vs Q1 09 Q1 10 vs Q4 09 Revenues 578.9 733.4 680.7 17.6% -7.2% Net Revenue from Funds 501.4 562.7 571.6 14.0% 1.6% Fees & commission 33.6 63.0 56.1 67.0%

  8. Slide 8: Key income parameters

    Key income parameters Revenues (AED Mn) Net Income (AED Mn) Net revenue f rom f unding 681 293 Fees, commissions & others 268 579 109 244 78 476 94 166 301 572 71 501 382 230 Q1 07 Q1 08 Q1 09 Q1 10 Q1 07 Q1 08 Q1 09 Q1 10  Highest ever net income recorded in a single quarter in Q1 ‘10 Return on sh

  9. Slide 9: Consolidated Balance Sheet

    Consolidated Balance Sheet Balance Sheet has grown by 20% in the past 12 months % chg % chg AED MM 31 Mar 2009 31 Dec 2009 31 Mar 2010 31 Mar 2010 vs 31 Mar 2010 vs 31 Mar 2009 31 Dec 2009 Cash and balances with Central Banks 2,272 3,331 4,242 86.7% 27.3% Due from financial institutions 11,651 14,65

  10. Slide 10: Balance Sheet Strength

    Balance Sheet Strength Remain one of the most liquid bank’s in the UAE on the back of above market balance sheet growth +17% +22%  Assets increased by 20% in Q1 41,960 49,935 2010 to reach AED 66.0 bn. 35,770  Customer financing increased by 41,084 17% in Q1 2010 to reach 42.0 bn. 27,213 30,039 

  11. Slide 11: Assets and Liquidity

    Assets and Liquidity Average Earning Assets (AED bn) and Net Profit Margin % Composition of Assets – AED 66 bn 60 Average Earning Assets NPM% 7.0% Investments; 56 52 3% Fixed assets 48 49 6.5% 50 45 & Other 6.0% Assets; 6% 40 Customer 5.5% financing; 30 5.0% 64% 4.5% 20 4.4% Cash & bal 4.3% 4.3% 4.3

  12. Slide 12: Customer Financing

    Customer Financing Gross Customer financing by Segment Gross Customer financing by Geographic Region 20% Private -Individuals – 7.4 bn Middle 17% Private East; 2% 16% Retail 47% -Individuals – 19.9 bn UAE; Europe; Retail -SMEs – 0.8 bn 45% 95% 1% -Corporate – 10.4 bn -Commercial – 1.9 bn Wholesale W

  13. Slide 13: Customers' Deposits

    Customers’ Deposits Gross Customers’ Deposits by Segment Gross Customers’ Deposits by Type Private -Individuals – 4.7 bn Current 22% 16% -Non-profit organistions – 3.1 bn Accounts Private Wakala 25% 13% Retail -Individuals – 16.2 bn Deposits 38% -SMEs – 2.7 bn 44% Ratail 30% -Government – 9.3 bn - P

  14. Slide 14: NPAs & Provisions

    NPAs & Provisions Provisions (AED Mn) 2008 2009 Q1 10 Key points Financing Portfolio:  NPAs increase by AED 93.3 Mn in Q1 2010 to AED 2,620 Mn at end of Q1 2010. - Specific provisions 455 1,233 1,291  NPAs ratio at 6.0% as at end Q1 2010 (5.9% at end 09) with a coverage of 70% (2009: 69%). - Colle

  15. Slide 15: Capital Adequacy

    Capital Adequacy With strong shareholder and government backing ADIB’s capital strength is now top tier Capital Adequacy % Capital Resources – AED bn 18.0% 14.0 17.0% 16.8% Equity 12.6 CAR Basel II UAE Central Bank requirement 17.0% Total Capital Resources 12.0 16.0% 14.9% 10.0 14.2% 15.0% 8.2 8.4 1

  16. Slide 16: Shareholders Return

    Shareholders Return Despite the economic downturn ADIB still delivered a Total shareholder return of 19% in 2009  Mar 2010 Share price AED 3.12 per share (includes impact of 20 % bonus share dividend to be approved in AGM)  Dec 09 Share price AED 2.89  Dividend / Share AED 0.216 for 2008  Yield

  17. Slide 17: In summary

    In summary ADIB is uniquely positioned to build for growth from a strong base  ADIB is extremely well positioned to sustain it's growth momentum.  We continue increasing our reserves in anticipation of the crises extending well into 2010.  We continue to invest aggressively in our franchise and p

  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: Management Biographies

    Management Biographies cnollull tag gme 48 Sj Abu Dhabi Islamic Bank

  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) Malik Sarwar Joined ADIB on 31 May 2009. He holds a post MBA Specialization in Corporate Finance from New York Co-Head of Private Banking University, USA. He has 15 years banking experience. His previous positions were SVP / Head of US & Wealth Management Business a

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