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This presentation provides information in summary form only and is not intended to be complete. It is not intended to be reliedupon as advice to investors or potential investors and does not take into account the investment objectives, financial situationor needs of any particular investor.
No presentation ,express or implied, is made as to the fairness, accuracy, completeness or correctness of informationcontained in this presentation, including the accuracy, likelihood of achievement or reasonableness of anyforecasts, prospects, synergies, returns, benefits or statements in relation to future matters contained in the presentation.
The forward-looking statements are by their nature subject to significant uncertainties and contingencies and are based onnumbers or estimates or assumptions that are subject to change (and in many cases are outside the control of FGB and itsdirectors) which may cause the actual results or performance of FGB to be materially different from any future results orperformance expressed or implied by such forward looking statements.
To the maximum extent permitted by law, FGB disclaims any responsibility for the accuracy or completeness of anyinformation contained in this presentation including any forward-looking statements and disclaims any responsibility to update
DISCLAIMER
FGB Q3/9M’13 EARNINGS PRESENTATION
information contained in this presentation including any forward-looking statements and disclaims any responsibility to updateor revise any information or forward-looking statement to reflect any change in FGB’s financial condition, status or affairs orany change in the events, conditions or circumstances on which a statement is based.
To the maximum extent permitted by law, neither FGB nor its related bodies corporate, directors, employees or agents, norany other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for anydirect, indirect or consequential loss arising from the use of this presentation or its contents or otherwise arising in connectionwith it.
This presentation should be read in conjunction with other publicity available material. Further information including historicalresults and a description of the activities of FGB is available on our website, www.fgb.ae
2/26
Q3/9M’13 PERFORMANCE KEY HIGHLIGHTS
Q3’13 Net Profits at AED 1,190Mn (+2% QoQ; +13% YoY)
Record 9M’13 Net Profits at AED 3,402Mn (+13% YoY)
9M’13 Operating Income up 13.0% YoY to AED 5,945Mn
Highly competitive Cost-to-Income Ratio at 20.7%
FGB Q3/9M’13 EARNINGS PRESENTATION3/26
Highly competitive Cost-to-Income Ratio at 20.7%
NPL Ratio at 3.9% and Provision Coverage at 75.1%
Comfortable liquidity position with loans-to-deposits ratio at 95.7%; Strong capital
buffer with CAR at 19.3%
INCOME STATEMENT (AED MN) Q3’13 Q2’13 QOQ Q3’12 YOY 9M’13 9M’12 YOY
Net Interest and Islamic Financing Income 1,525.4 1,474.7 3.4% 1,404.5 8.6% 4,374.9 4,050.6 8.0%
Other Operating Income 527.0 543.3 (3.0%) 407.5 29.3% 1,570.5 1,212.7 29.5%
Operating Income 2,052.5 2,017.9 1.7% 1,812.0 13.3% 5,945.3 5,263.3 13.0%
G & A expenses (430.9) (416.3) 3.5% (357.9) 20.4% (1,233.4) (1,024.8) 20.3%
Provisions/ Impairments (422.6) (418.3) 1.0% (398.6) 6.0% (1,274.2) (1,225.2) 4.0%
Taxes (5.3) (13.2) (59.7%) (1.2) 334.5% (23.5) (7.6) 210.4%
Minority Interest (4.0) (3.3) 23.1% 0.0 N.A. (12.0) 0.0 N.A.
Net Income 1,189.6 1,166.8 2.0% 1,054.2 12.8% 3,402.2 3,005.7 13.2%
BALANCE SHEET (AED BN) SEPT’13 JUN’13 QOQ SEPT’12 YOY
Net Loans & Advances 126.9 123.1 3.1% 114.4 10.9%
SUMMARY FINANCIALS
FGB Q3/9M’13 EARNINGS PRESENTATION
Net Loans & Advances 126.9 123.1 3.1% 114.4 10.9%
Customer Deposits 132.6 123.9 7.0% 109.8 20.7%
Total Assets 189.6 182.9 3.6% 163.3 16.1%
Shareholders’ Equity 29.8 29.2 2.0% 28.3 5.3%
KEY RATIOS (%) 9M’13 H1’13 QOQ 9M’12 YOY
Cost-to-Income Ratio 20.7 20.6 13bps 19.5 127bps
Non-Performing Loan ratio 3.9 3.6 30bps 3.5 38bps
Provision Coverage 75.1 80.1 (505bps) 88.7 (1355bps)
Loan-to-Deposit Ratio 95.7 99.4 (364bps) 104.2 (846bps)
Return on Average Equity 15.3 15.2 9bps 14.6 72bps
Return on Average Assets 2.5 2.5 2bps 2.5 (1bps)
Capital Adequacy Ratio 19.3 18.8 47bps 22.4 (305bps)
4/26
114.4 114.6117.8
123.1
126.9
Sep'12 Dec'12 Mar'13 Jun'13 Sep'13
ASSET MIX AND LENDING ACTIVITY
Loan book added AED 3.8Bn during the quarter
(+3.1%) reaching AED 126.9Bn as of September-
end 2013
At 10.7%, YTD loan book growth already exceeded
our initial FY target of 10%
September-end 2013 liquid assets ratio improved
to 18.2% from 11.6% a year earlier
Loan book added AED 3.8Bn during the quarter
(+3.1%) reaching AED 126.9Bn as of September-
end 2013
At 10.7%, YTD loan book growth already exceeded
our initial FY target of 10%
September-end 2013 liquid assets ratio improved
to 18.2% from 11.6% a year earlier
+3.1%+10.7%
+10.9%
HIGHLIGHTS LOAN BOOK TREND (AED BN)
FGB Q3/9M’13 EARNINGS PRESENTATION
Sep'12 Dec'12 Mar'13 Jun'13 Sep'13
5/26
ASSET MIX LOAN BOOK BREAKDOWN BY SECTOR
SEP’12 SEP’13
Liquid Assets12%
Loans &Advances
70%
Investments11%
Inv.Properties
5%
Other2%
Share financing1%
Personal - others3%
Personal - retail36%
Real Estate14%
Services18%
Public Sector11%
Trading7%
Construction4%
Manufacturing3%
Energy1% Agriculture
1%
Liquid Assets18%
Loans &Advances
67%
Investments9%
Inv.Properties
4%
Other2%
LIQUIDITY
+7.0%
+11.1%+20.7%
Customer Deposits added AED 8.7Bn during the
quarter (+7.0%) to AED 132.6Bn; this reflects the
ample liquidity available in the UAE banking sector
Loan-to-deposit ratio stood at 95.7%; regulatory
Advances-to-Deposits ratio at 80.1% remained well
below CB cap of 100%
Customer Deposits added AED 8.7Bn during the
quarter (+7.0%) to AED 132.6Bn; this reflects the
ample liquidity available in the UAE banking sector
Loan-to-deposit ratio stood at 95.7%; regulatory
Advances-to-Deposits ratio at 80.1% remained well
below CB cap of 100%
HIGHLIGHTS CUSTOMER DEPOSITS TREND (AED BN)
109.8
119.3 119.2
123.9
132.6
Sep'12 Dec'12 Mar'13 Jun'13 Sep'13
FGB Q3/9M’13 EARNINGS PRESENTATION6/26
LIQUIDITY RATIOS (%) DEPOSITS BY SECTOR
Government &Public Sector
47%
Corporate36%
Retail14%
InternationalDivision
3%
Sep'12 Dec'12 Mar'13 Jun'13 Sep'13
104.2
96.198.9 99.4
95.7
86.3
76.2
81.9 83.380.1
Sep'12 Dec'12 Mar'13 Jun'13 Sep'13
L/D ratio Regulatory Advances-to-Deposits Ratio
Customer deposits remain FGB’s main source of
funding
The Bank intends to continue diversifying the
funding mix in order to improve maturities and
optimize costs
3 new issuances were completed during Q3’13 :
• two 10-year HKD 400Mn (USD 52Mn) bonds @
4.18% pa
• 3-year JPY 4.7Bn (USD 48Mn) bonds @ 1.0% pa
Customer deposits remain FGB’s main source of
funding
The Bank intends to continue diversifying the
funding mix in order to improve maturities and
optimize costs
3 new issuances were completed during Q3’13 :
• two 10-year HKD 400Mn (USD 52Mn) bonds @
4.18% pa
• 3-year JPY 4.7Bn (USD 48Mn) bonds @ 1.0% pa
FUNDING MIX
HIGHLIGHTS LIABILITY MIX
SEP’12 SEP’13
*Includes Tier 2 MoF deposits (repaid in full in March 2013)
Customerdeposits
67%
Due to Banks3%
Borrowings, EMTN,Sukuk*10%
Other3%
Equity17%
Customerdeposits
70%
Due to Banks5%
Borrowings, EMTN,Sukuk*
7% Other2%
Equity16%
FGB Q3/9M’13 EARNINGS PRESENTATION
-
1,286
3,7133,968
4,224
379
2013 2014 2015 2016 2017 2023
7/26
WHOLESALE FUNDING (AED MN) MATURITIES (1) (AED MN)
*Includes Tier 2 MoF deposits (repaid in full in March 2013)
SEP’13
Syndicated loan 3,306
Bank loans 1,469
EMTN 2,943
Medium term bonds 1,627
Repurchase agreements 459
Sukuk 4,224
Total 14,028
(1) Excluding long term repos for AED 459Mn
REVENUES AND COST EFFICIENCY
Operating income increased 13.0% YoY toAED 5,945Mn
Key operating income movements over the periodincluded:
AED 324Mn addition in Net Interest andIslamic Financing income driven by volumesgrowth and NIMs improvement
Solid increase in fee revenues by AED 235Mn
Cost-to-income ratio remained highly competitiveat 20.7% against 19.5% in 9M’12
Operating income increased 13.0% YoY toAED 5,945Mn
Key operating income movements over the periodincluded:
AED 324Mn addition in Net Interest andIslamic Financing income driven by volumesgrowth and NIMs improvement
Solid increase in fee revenues by AED 235Mn
Cost-to-income ratio remained highly competitiveat 20.7% against 19.5% in 9M’12
HIGHLIGHTS KEY MOVEMENTS IN OPERATING INCOME (AED MN)
5,263
324 72 235 56
(12)
7
5,945
9M
'12
NetIn
tere
stand
Isla
mic
Fin
ancin
gIn
com
e
Investm
entIn
com
e
Fees
and
com
mis
sio
ns
Pro
pert
yand
renta
lin
com
e
Oth
er
incom
e
Share
ofpro
fits
from
associa
tes 9
M'1
3
FGB Q3/9M’13 EARNINGS PRESENTATION
22% 27% 27% 27% 26%
78%73%
73%73% 74%
Q3'12 Q4'12 Q1'13 Q2'13 Q3'13
Net Interest and Islamic Financing IncomeOther Income (inc. share of profit from assoc.)
2,052
1,8122,006 1,875
2,018
8/26
OPERATING INCOME QOQ TREND (AED MN)
(1) YTD Annualized(2) YTD
NET INTEREST MARGINS (%) (1) COST-TO-INCOME RATIO (%) (2)
19.5
19.6
20.6 20.6 20.7
9M'12 FY12 Q1'13 H1'13 9M'13
3.71 3.70
3.583.62
3.68
9M'12 FY'12 Q1'13 H1'13 9M'13N
etIn
tere
stand
Isla
mic
Fin
ancin
gIn
com
e
Investm
entIn
com
e
Fees
and
com
mis
sio
ns
Pro
pert
yand
renta
l
Share
ofpro
fits
from
CREDIT QUALITY
NPL ratio moved from 3.6% to 3.9% sequentially.
This is reflecting the impact of full consolidation of
Aseel Finance during the period as well as
additional downgrades in the corporate book
Provision coverage stood at 75.1% and 9M’13 net
cost of risk landed at 1.30%
General Provisions represent 1.1% of CRWA as of
September-end 2013
NPL ratio moved from 3.6% to 3.9% sequentially.
This is reflecting the impact of full consolidation of
Aseel Finance during the period as well as
additional downgrades in the corporate book
Provision coverage stood at 75.1% and 9M’13 net
cost of risk landed at 1.30%
General Provisions represent 1.1% of CRWA as of
September-end 2013
HIGHLIGHTS NPL RATIO AND PROVISION COVERAGE (%)
3.5
3.33.2
3.6
3.9
88.7 96.1101.8
80.175.1
-50.0
-30.0
-10.0
10.0
30.0
50.0
70.0
90.0
110.0
2.0
2.5
3.0
3.5
4.0
4.5
9M'12 2012 Q1'13 H1'13 9M'13
FGB Q3/9M’13 EARNINGS PRESENTATION
(1) YTD Annualized
9/26
COST OF RISK (1) (%)
9M’13 H1’13 QOQ 9M’12 YOY
NPLs (2) 5,109 4,573 11.7% 4,160 22.8%
Provisions 3,837 3,665 4.7% 3,688 4.0%
Specific 2,170 2,110 2.8% 2,213 (2.0%)
General 1,667 1,555 7.2% 1,475 13.0%
NPLS AND PROVISIONS (AED MN)
NPL ratio Provision Coverage
1.381.40
1.42
1.34
1.30
9M'12 2012 Q1'13 H1'13 9M'13
(2) NPLs include exposure to Dubai Holding of AED 610Mn as of Sep’13
CAPITAL STRENGTH
FGB enjoys a strong capital buffer providing it with
ample room for future growth: Sep’13 Tier 1
capital was at 19.3% vs. 8% CB requirement
Government loan of AED 4.5Bn was fully repaid in
March 2013
The Bank targets a medium term Tier 1 ratio of
15%
FGB enjoys a strong capital buffer providing it with
ample room for future growth: Sep’13 Tier 1
capital was at 19.3% vs. 8% CB requirement
Government loan of AED 4.5Bn was fully repaid in
March 2013
The Bank targets a medium term Tier 1 ratio of
15%
HIGHLIGHTS CAPITAL ADEQUACY RATIO (%)
22.421.3
19.0 18.8 19.319.818.8 19.0 19.0 19.3
Sep'12 Dec'12 Mar'13 Jun'13 Sep'13
FGB Q3/9M’13 EARNINGS PRESENTATION
150.4151.9
150.4
157.3
164.2
Sep'12 Dec'12 Mar'13 Jun'13 Sep'13
10/26
CAPITAL BASE (AED BN) RISK WEIGHTED ASSETS(1) (AED BN)
Capital Adequacy Ratio Tier 1 Capital Ratio
27.926.9
27.829.0
30.1
4.0 4.0 0.4 0.2 0.2
Sep'12 Dec'12 Mar'13 Jun'13 Sep'13
Tier 1 Capital Tier 2 Capital(1)As per Basel II
Original core business of the
Bank
Customer base includes
large corporate & multi-
national clients and financial
institutions
Services include debt
markets (advisory, bilateral,
& syndicated loans, project
Original core business of the
Bank
Customer base includes
large corporate & multi-
national clients and financial
institutions
Services include debt
markets (advisory, bilateral,
& syndicated loans, project
BUSINESS SEGMENTS
Core Banking Revenue DriversCore Banking Revenue Drivers
Focus on key customer
segments: Emirati, Mass,
SME, Wealth
Leverage product
innovation, analytics, and
alliances to create
differentiation
Investing for the future and
enhancing customer
Focus on key customer
segments: Emirati, Mass,
SME, Wealth
Leverage product
innovation, analytics, and
alliances to create
differentiation
Investing for the future and
enhancing customer
Manages FGB’s wholesale
funding activities and
liquidity, interest rate and
foreign exchange risk, and
proprietary investment
portfolio
Provides bespoke risk
management solutions to
the Bank’s clients across FX,
Interest Rate, Credit and
Manages FGB’s wholesale
funding activities and
liquidity, interest rate and
foreign exchange risk, and
proprietary investment
portfolio
Provides bespoke risk
management solutions to
the Bank’s clients across FX,
Interest Rate, Credit and
Subsidiaries: First Gulf
Libyan Bank, First Gulf
Properties, Aseel
Finance(1), Dubai First(2),
Mismak Properties, First
Merchant International,
Radman Properties
Associate companies:
First Gulf Financial
Services, Green Emirates
Subsidiaries: First Gulf
Libyan Bank, First Gulf
Properties, Aseel
Finance(1), Dubai First(2),
Mismak Properties, First
Merchant International,
Radman Properties
Associate companies:
First Gulf Financial
Services, Green Emirates
Incremental Revenue StreamsIncremental Revenue Streams
Wholesale Banking Consumer Banking Treasury & Global Markets Other
FGB Q3/9M’13 EARNINGS PRESENTATION
& syndicated loans, project
and structured finance) and
transaction banking (cash,
trade, liabilities) supported
by treasury sales (hedging,
FX, rates, commodities)
Organized geographically
across UAE and international
locations (Singapore, Libya,
Hong-Kong, Qatar, India)
& syndicated loans, project
and structured finance) and
transaction banking (cash,
trade, liabilities) supported
by treasury sales (hedging,
FX, rates, commodities)
Organized geographically
across UAE and international
locations (Singapore, Libya,
Hong-Kong, Qatar, India)
enhancing customer
experience through
technology and process
improvements
Positioning as Bank of
Choice for UAE Nationals
Manage National Housing
Loan program for Abu Dhabi
government
enhancing customer
experience through
technology and process
improvements
Positioning as Bank of
Choice for UAE Nationals
Manage National Housing
Loan program for Abu Dhabi
government
Interest Rate, Credit and
Commodity asset classes
Also provides client
investment solutions via
structured products, asset
management, equity
brokerage and margin
trading
Strong growth opportunities
providing an access point to
the global markets by
leveraging on strong
correspondent banking
relationships
Interest Rate, Credit and
Commodity asset classes
Also provides client
investment solutions via
structured products, asset
management, equity
brokerage and margin
trading
Strong growth opportunities
providing an access point to
the global markets by
leveraging on strong
correspondent banking
relationships
Services, Green Emirates
Properties
Head Office support units:
Audit, Financial Control,
HR, Operations, Strategy
and Planning, PMO,
Admin, IT, Legal, Risk
Management, Corporate
Communications
Services, Green Emirates
Properties
Head Office support units:
Audit, Financial Control,
HR, Operations, Strategy
and Planning, PMO,
Admin, IT, Legal, Risk
Management, Corporate
Communications
(1)Aseel Finance is a fully-owned subsidiary of FGB effective Q3’13(2)In June 13, FGB signed an agreement to acquire Dubai First; consolidation will be effective by year-end 2013
11/26
THREE-PILLAR STRATEGY
ORGANIC GROWTH OF
CORE BANKING ACTIVITIESSELECTIVE REGIONAL AND
INTERNATIONAL EXPANSIONSYNERGIES WITH
SUBSIDIARIES AND ASSOCIATES
Build deeper client
relationships, providing
solutions and high quality
service
Continue to target large
Build deeper client
relationships, providing
solutions and high quality
service
Continue to target large
Aseel Finance to provide
innovative Islamic products
to a broad base of customers
and businesses
Aseel Finance to provide
innovative Islamic products
to a broad base of customers
and businesses
Geographic diversification
through expansion of existing
operations and penetration in
key markets
Focus on trade and financial
Geographic diversification
through expansion of existing
operations and penetration in
key markets
Focus on trade and financial
11 22 33
FGB Q3/9M’13 EARNINGS PRESENTATION
Continue to target large
creditworthy UAE-based
customers
Develop and strengthen a
customer-centric approach
emphasizing on bespoke
service quality and product
range
Continue to target large
creditworthy UAE-based
customers
Develop and strengthen a
customer-centric approach
emphasizing on bespoke
service quality and product
range
Enhance fee income business
through property
management and equity
brokerage services
Specialized subsidiaries for
property development and
Private Equity
Enhance fee income business
through property
management and equity
brokerage services
Specialized subsidiaries for
property development and
Private Equity
Focus on trade and financial
flows through the UAE into
target international locations
Sourcing and distribution of
trade and financing
opportunities across the FGB
network
Focus on trade and financial
flows through the UAE into
target international locations
Sourcing and distribution of
trade and financing
opportunities across the FGB
network
OUR VISION:
TO BE A WORLD CLASS ORGANIZATION MAXIMIZING VALUE FOR ALL STAKEHOLDERS
OUR VISION:
TO BE A WORLD CLASS ORGANIZATION MAXIMIZING VALUE FOR ALL STAKEHOLDERS
12/26
OUTLOOK
MACRO
GROWTH
NIMS
UAE Real GDP growth expected at 4.0% in 2013 and 3.9% in 2014 according tolatest IMF statistics; UAE non-oil economy to further strengthen in the medium term
Upward revision of FY13 loan growth target to 13-14% from 10% previously
Mild pressure expected over the coming quarters
FGB Q3/9M’13 EARNINGS PRESENTATION
NIMS
ASSET
QUALITY
PROFITABILITY
13/26
Mild pressure expected over the coming quarters
NPL ratio within 3.5%-4% and provision coverage >80% by 2013-end
FY13 RoAE target at 15%; Medium Term RoAE target at 18%
BUSINESS SEGMENT CONTRIBUTIONS
HIGHLIGHTS TOTAL ASSETS (AED BN)
Wholesale and Consumer Banking represent 44%
and 24% of total assets respectively in Q3’13;
generating a combined 83% of revenues and 88%
of net profit over 9M’13
Treasury & Investments’ contributions to operating
income and net profit stood at 13% and 21%
respectively
Wholesale and Consumer Banking represent 44%
and 24% of total assets respectively in Q3’13;
generating a combined 83% of revenues and 88%
of net profit over 9M’13
Treasury & Investments’ contributions to operating
income and net profit stood at 13% and 21%
respectively46% 44% 44%
25% 24%24%
21%26%
25%5%
5%
5%
42%
2%
Sep'12 Dec'12 Sep'13
Other
Real Estate activities
Treasury&Investments
Consumer Banking
Wholesale Banking
163.3
189.6175.0
FGB Q3/9M’13 EARNINGS PRESENTATION
47%49%
43%39%
19%
21%3%
4%
(12%) (13%)9M'12 9M'13
Other
Real Estate activities
Treasury&Investments
Consumer Banking
Wholesale Banking
3,006
3,402
42% 41%
41%
42%
12%
13%2%
3%
3%
1%
9M'12 9M'13
Other
Real Estate activities
Treasury&Investments
Consumer Banking
Wholesale Banking
5,263
5,945
OPERATING INCOME (AED MN) NET PROFIT (AED MN)
15/26
2,197
2,458
9M'12 9M'13
74.8 76.6
83.1
Sep'12 Dec'12 Sep'13
WHOLESALE BANKING
HIGHLIGHTS
Wholesale Banking assets grew
8.5% year-to-date to AED 83.1Bn
as of September-end 2013
9M’13 operating income was
recorded at AED 2,458Mn, up
11.9% YoY
9M’13 net profits grew 17.3% YoY
to AED 1,656Mn
Wholesale Banking assets grew
8.5% year-to-date to AED 83.1Bn
as of September-end 2013
9M’13 operating income was
recorded at AED 2,458Mn, up
11.9% YoY
9M’13 net profits grew 17.3% YoY
to AED 1,656Mn
ASSETS (AED BN) OPERATING INCOME (AED MN)
+8.5% +11.9%
+11.1%
FGB Q3/9M’13 EARNINGS PRESENTATION
Government& PublicSector15%
Abu DhabiPrivateSector47%
DubaiPrivateSector16%
Other UAEPrivateSector
4%
Non UAE-based
Corporates18%
1,411
1,656
9M'12 9M'13
9M'12 9M'13
16/26
NET PROFIT (AED MN) WHOLESALE GROSS LOAN PORTFOLIO (SEP’13)
+17.3%
40.3 41.2
45.1
Sep'12 Dec'12 Sep'13
CONSUMER BANKING
HIGHLIGHTS
Consumer Banking assets increased
9.5% year-to-date to AED 45.1Bn
as of September-end 2013
9M’13 operating income improved
14.4% compared with 9M’12
9M’13 net profits at AED 1,333Mn
were 2.3% higher than the same
period last year
Consumer Banking assets increased
9.5% year-to-date to AED 45.1Bn
as of September-end 2013
9M’13 operating income improved
14.4% compared with 9M’12
9M’13 net profits at AED 1,333Mn
were 2.3% higher than the same
period last year
ASSETS (AED BN) OPERATING INCOME (AED MN)
+9.5%
+11.9%
2,183
2,498
9M'12 9M'13
+14.4%
FGB Q3/9M’13 EARNINGS PRESENTATION
PersonalLoans44%
Abu DhabiGovernment
NationalHousingLoans32%
CreditCards8%
OtherMortgage
Loans4%
IslamicFinancing
2%
Others*9%
Sep'12 Dec'12 Sep'13
17/26
NET PROFIT (AED MN) CONSUMER GROSS LOAN PORTFOLIO (SEP’13)
9M'12 9M'13
1,303 1,333
9M'12 9M'13
+2.3%
*Others include SME loans, overdrafts and auto loans
33.9
44.7
47.6
Sep'12 Dec'12 Sep'13
628
771
9M'12 9M'13
TREASURY AND INVESTMENTS
HIGHLIGHTS ASSETS (AED BN)
Treasury and Investments’ assets
increased by 40.2% YoY to reach
AED 47.6Bn by September-end
2013
9M’13 operating income expanded
22.7% YoY to AED 771Mn
9M’13 net profits grew 22.9% YoY
to AED 711Mn
Treasury and Investments’ assets
increased by 40.2% YoY to reach
AED 47.6Bn by September-end
2013
9M’13 operating income expanded
22.7% YoY to AED 771Mn
9M’13 net profits grew 22.9% YoY
to AED 711Mn
OPERATING INCOME (AED MN)
+22.7%+6.4%
+40.2%
FGB Q3/9M’13 EARNINGS PRESENTATION
Sep'12 Dec'12 Sep'13 9M'12 9M'13
18/26
NET PROFIT (AED MN) TREASURY AND INVESTMENTS PORTFOLIO (SEP’13)
579
711
9M'12 9M'13
+22.9%
LiquidAssets64%
Other FixedIncomeBonds30%
USTreasury
Bills0%
Funds &Equities
4%
Others2%
104
159
9M'12 9M'13
8.3
9.4 9.5
Sep'12 Dec'12 Sep'13
REAL ESTATE ACTIVITIES
HIGHLIGHTS
Real Estate assets landed at
AED 9.5Bn in September 2013, up
13.5% YoY
9M’13 operating income grew
53.6% YoY to AED 159Mn
9M’13 net profits improved 70.3%
YoY to AED 130Mn
Real Estate assets landed at
AED 9.5Bn in September 2013, up
13.5% YoY
9M’13 operating income grew
53.6% YoY to AED 159Mn
9M’13 net profits improved 70.3%
YoY to AED 130Mn
+0.7%
ASSETS (AED BN) OPERATING INCOME (AED MN)
+13.5%
+53.6%
FGB Q3/9M’13 EARNINGS PRESENTATION
Land in AbuDhabi27%
Dev.Propertiesin Abu Dhabi
37%
Land in Dubai5%
Dev.Properties in
Dubai9%
PropertiesGenerating
Rental Income22%
76
130
9M'12 9M'13
19/26
NE PROFIT (AED MN) INVESTMENT PROPERTIES PORTFOLIO(1) (SEP’13)
+70.3%
(1) Investment properties totaled AED 8.0Bn as of Sep’13
FIRST GULF BANK OVERVIEW
A LEADING UAE FRANCHISE OWNERSHIP STRUCTURE(1)
Incorporated in 1979 and headquartered in Abu Dhabi
64.9% owned by Abu Dhabi’s ruling family
Wide range of financial products and services offered through
a network of 23 branches and 135 ATMs across the UAE;
international presence in Libya, Qatar, India, Singapore and
Hong-Kong
1,159 employees; more than 300,000 customers
Market cap. of AED 49.4Bn (USD 13.4Bn) as of Oct. 28th,
2013
Incorporated in 1979 and headquartered in Abu Dhabi
64.9% owned by Abu Dhabi’s ruling family
Wide range of financial products and services offered through
a network of 23 branches and 135 ATMs across the UAE;
international presence in Libya, Qatar, India, Singapore and
Hong-Kong
1,159 employees; more than 300,000 customers
Market cap. of AED 49.4Bn (USD 13.4Bn) as of Oct. 28th,
2013
(1) As of September-end 2013
Abu DhabiRuling Family
64.9%
UAEcompanies
andindividuals
20.1%
ForeignShareholders
10.5%
GCC Nationals4.5%
FGB Q3/9M’13 EARNINGS PRESENTATION20/26
CREDIT RATINGS GLOBAL FOOTPRINT
1 Subsidiary
2 Rep Offices
2 Branches
Doha
Singapore
MumbaiHong-Kong
FGB-LibyaTripoli
LONG TERM RATING OUTLOOK
A2(Since 2007)
Stable
A+(Since 2007)
Stable
A+ Stable
(1) As of September-end 2013
BOARD OF DIRECTORS
H.H. SHEIKH TAHNOON BIN ZAYED AL NAHYAN – CHAIRMAN
CHAIRMAN OF AMIRI FLIGHT
CHAIRMAN OF ROYAL GROUP
H.H. SHEIKH TAHNOON BIN ZAYED AL NAHYAN – CHAIRMAN
CHAIRMAN OF AMIRI FLIGHT
CHAIRMAN OF ROYAL GROUP
FGB Board Members are prominent stakeholders of the Abu Dhabi Business CommunityFGB Board Members are prominent stakeholders of the Abu Dhabi Business Community
KHALDOON KHALIFA
AL MUBARAK
KHALDOON KHALIFA
AL MUBARAK
ABDULHAMID
MOHAMMED SAEED
B M
ABDULHAMID
MOHAMMED SAEED
B M
SULTAN KHALFAN
AL KETBI
BOARD MEMBER
SULTAN KHALFAN
AL KETBI
BOARD MEMBER
XX
MOHAMMED SAIF
AL SUWAIDI
B M
XX
MOHAMMED SAIF
AL SUWAIDI
B M
AHMED ALI
AL SAYEGH
V C
AHMED ALI
AL SAYEGH
V C
FGB Q3/9M’13 EARNINGS PRESENTATION
Member of:Abu Dhabi ExecutiveCouncilAbu Dhabi Council forEconomic DevelopmentAbu Dhabi Executive AffairsAuthority (Chairman)
Member of:Abu Dhabi ExecutiveCouncilAbu Dhabi Council forEconomic DevelopmentAbu Dhabi Executive AffairsAuthority (Chairman)
Board Member of:
Emirates InvestmentAuthority
Abu Dhabi SecuritiesExchange
Emirates IntegratedTelecom Co (DU)
Mubadala DevelopmentCompany
Board Member of:
Emirates InvestmentAuthority
Abu Dhabi SecuritiesExchange
Emirates IntegratedTelecom Co (DU)
Mubadala DevelopmentCompany
Board Member of Al AinInternational Group(Vice Chairman)
Board Member of Al AinInternational Group(Vice Chairman)
Vice Chairman of the board ofthe Arab Bank forinvestmentChairman of Al Ain Farms forLivestock productionBoard member of the centerof food security of Abu Dhabi
Vice Chairman of the board ofthe Arab Bank forinvestmentChairman of Al Ain Farms forLivestock productionBoard member of the centerof food security of Abu Dhabi
Board Member of:
Mubadala DevelopmentCompany
Abu Dhabi Water &Electricity Authority
Etihad Airways
Board Member of:
Mubadala DevelopmentCompany
Abu Dhabi Water &Electricity Authority
Etihad Airways
BOARD MEMBER
CEO OF MUBADALA
DEVELOPMENT COMPANY
BOARD MEMBER
CEO OF MUBADALA
DEVELOPMENT COMPANY
BOARD MEMBER
FGB MANAGING DIRECTOR
BOARD MEMBER
FGB MANAGING DIRECTOR
BOARD MEMBERBOARD MEMBER BOARD MEMBER
DIRECTOR GENERAL OF ABU
DHABI FUND FOR
DEVELOPMENT
BOARD MEMBER
DIRECTOR GENERAL OF ABU
DHABI FUND FOR
DEVELOPMENT
VICE CHAIRMAN
CHAIRMAN OF ABU DHABI
GLOBAL MARKET
CEO OF DOLPHIN ENERGY
VICE CHAIRMAN
CHAIRMAN OF ABU DHABI
GLOBAL MARKET
CEO OF DOLPHIN ENERGY
21/26
KEY ACHIEVEMENTS
TOTAL ASSETS (AED BN) LOANS & ADVANCES (AED BN) CUSTOMER DEPOSITS (AED BN)
73.2
107.5
125.5
140.8
157.5
175.0
189.6
2007 2008 2009 2010 2011 2012 Sep'13
44.4
79.4
90.495.6
104.7114.6
126.9
2007 2008 2009 2010 2011 2012 Sep'13
52.3
74.0
86.4
98.7103.5
119.3
132.6
2007 2008 2009 2010 2011 2012 Sep'13
FGB Q3/9M’13 EARNINGS PRESENTATION22/26
SHAREHOLDERS’ EQUITY (AED BN) COST-TO-INCOME RATIO (%) NET INTEREST MARGIN (%)
21.6
24.2
17.5 17.818.9 19.6
20.7
2007 2008 2009 2010 2011 2012 9M'13
2.7
3.1
3.73.6
3.83.7 3.7
2007 2008 2009 2010 2011 2012 9M'13
2007 2008 2009 2010 2011 2012 Sep'13 2007 2008 2009 2010 2011 2012 Sep'13 2007 2008 2009 2010 2011 2012 Sep'13
10.1
16.2
22.524.1
26.729.3 29.8
2007 2008 2009 2010 2011 2012 Sep'13
FGB VS. LOCAL PEER GROUP IN H1’13
TOTAL ASSETS (AED BN) LOANS & ADVANCES (AED BN) CUSTOMER DEPOSITS (AED BN)
80.1
90.7
175.5
182.9
326.7
334.8
UNB
ADIB
ADCB
FGB
NBAD
ENBD
56.2
60.3
123.1
125.4
173.5
231.8
ADIB
UNB
FGB
ADCB
NBAD
ENBD
58.0
66.9
111.4
123.9
219.4
230.4
UNB
ADIB
ADCB
FGB
NBAD
ENBD
FGB Q3/9M’13 EARNINGS PRESENTATION
9.5%
11.3%
13.8%
14.3%
15.2%
16.6%
ENBD
ADIB
UNB
ADCB
FGB
NBAD
23/26
COST-TO-INCOME RATIO (%) NET PROFIT (AED MN) RETURN ON AVERAGE EQUITY(1) (%)
80.1UNB
42.4
33.9
31.2
29.0
24.9
20.6
ADIB
ENBD
NBAD
ADCB
UNB
FGB
710
980
1,698
1,808
2,213
2,621
ADIB
UNB
ADCB
ENBD
FGB
NBAD
*Annualized
DIVIDEND HISTORY
2008 2009 2010 2011 2012
Net Profit (AED Mn) 3,005 3,310 3,420 3,707 4,154
Cash Dividend (% of capital) 35% 50% 60% 100% 83%
Bonus Shares (% of capital) - - - 100% -
FGB Q3/9M’13 EARNINGS PRESENTATION
Dividend Payout Ratio (% of net profit) 16% 20% 26% 40% 60%
Cash Dividend Distributed (AED Mn) 477 677 900 1,500 2,500
Capital Adequacy after Distribution 14% 23% 23% 22% 21%
24/26
FGB AWARDS IN 2013
Best Local Bank in the UAE
Best Bank in the UAE
Best Bancassurance in the UAE
FGB Q3/9M’13 EARNINGS PRESENTATION
Best Bancassurance in the UAE
3rd Most Powerful Company in the UAE
6th Leading Bank in Top 500 in the Arab World List
25/26
FOR MORE INFORMATION ABOUT FIRST GULF BANK, PLEASE VISIT OUR CORPORATE WEBSITE:WWW.FGB.AE
OR CONTACT OUR INVESTOR RELATIONS DEPARTMENT:[email protected]
+971 2 69 20 690