BLME Holdings plc Investor Presentation March 2014
Disclaimer The material in this document is general background information about BLME Holdings plc (“BLME”) activities current at the date of the document. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Investors and prospective investors should rely upon their own examination of the Company and the Group. If investors or prospective investors are in any doubt as to the action they should take , they should seek their own independent financial advice from a stockbroker, bank manager, solicitor, accountant or appropriately authorised independent financial advisor. Any opinions, forecasts or estimates herein constitute a judgement as at the date of this document. There can be no assurances that the future results or events will be consistent with any such opinions, forecasts or estimates. This information is subject to change without notice. This document, has been provided to you solely for your information and any part thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval system, or otherwise, without the prior written permission of the authors. In particular, this document should not be posted on a web site. Unauthorised use, reliance, disclosure or copying of the contents of this document, or any similar action, is prohibited. 2
Contents Introduction to BLME 4 – 13 UK and European Islamic Finance Markets 14 – 16 BLME’s Business Divisions 17 – 25 Financial Highlights 26 – 36 Appendix 1 – BLME Financial Results 37 – 41 Appendix 2 – BLME Corporate Governance 42 – 45 Appendix 3 – BLME Risk Management 46 – 48 Appendix 4 – Human Capital & Key Management 49 – 53 Contact Details 54 3 3
4 Introduction to BLME
Bank on Our Principles “We are dedicated to developing competitive Sharia’a compliant products and providing client driven solutions. We believe that forming lasting partnerships founded on the principles of trust, solid risk management and accountability is best practice. Our priority is to listen and understand our clients financing and investment requirements in order to partner their objectives with our proven expertise.” 5
Introduction to BLME BLME received FSA (Financial Services Authority) authorisation in July 2007 and it is the largest European wholly Sharia’a compliant bank in terms of capital, balance sheet and profit. Largest Islamic Bank BLME is the only Islamic bank offering a full range of services to the UK mid ‐ market. in Europe BLME has three core divisions: Treasury, Corporate Banking, and Wealth Management which comprises Asset Management, Private Banking and Islamic Capital Markets. BLME has a strong balance sheet in excess of £1.23 billion and healthy capital resources that are underpinned by a high quality investor base. Strong capital base with high quality investors BLME was ranked 11 th for capital ‐ asset ratio and 21 st for BIS Ratio by The Banker in their Top 1000 Bank report in 2012. Largest shareholders include Boubyan Bank, Kuwait’s Public Institute for Social Security (PIFSS) and Aref Investment Group. Strong management team brings together a combination of leading experts in Islamic finance Strong and experienced international bankers with a proven delivery record to take the business forward management team within a robust risk management framework. BLME is the first UK bank appointed as a co ‐ lead on the June 2013 5 year IDB Sukuk of $1 billion. BLME’s US$ Income Fund is the only Sharia’a compliant fund that is rated ‘A’ by Moody’s. Innovator of Islamic BLME was the first UK Islamic bank to offer a fixed income fund, ABL finance and Acquisition finance. financial products and services BLME was the first Islamic bank in the UK to use the risk management tool Profit Rate Swaps. BLME provided the finance for the first Sharia’a compliant ‘green’ energy transaction in Europe. 6
Pioneering Product and Service Development BLME has the broadest product and service offering of any of the UK Islamic banks Light Industrial Building Islamic Capital Profit Rate US$ Income Fund Acquisition finance Fund (UK based) Markets Swaps BLME’s Sharia’a $ BLME launches Acquisition New Islamic The first of our closed ‐ BLME launches Income Fund was the finance offering hedging tool ended asset backed funds. the first UK first and is the largest Income Fund and for fixed rate Islamic Capital Sharia’a compliant fund Energy Global Sukuk Fund risk. Markets offering of its kind in Europe. BLME completes first with our first Rated A by Moody’s in Both funds move to UK Renewable deal completing April 2013. daily dealing Energy Deal. early 2011 2008 2009 2010 2011 2012 2013 2013 Premier Deposit Launch of Sterling Launch of Global Account & Euro Share Sukuk Fund Classes for the Dubai Office BLME An online deposit Targeting a US$ Income Fund Holdings account for retail benchmark of 5% BLME opens a ABL finance clients with a minimum Enabling European over Libor. Previously representative Lists on BLME launches investment of £25,000 investors to access called the US$ High office in the NASDAQ new ABL finance or $ and GCC fixed income Yield Fund DIFC Dubai € equivalent. offering investments. On-going work with HM Treasury, UK tax authorities, Government, Bank of England and law firms to develop a new template for UK Sukuk and Sharia’a compliant liquidity instruments. 7
Awards BLME’s performance and service has been recognised through awards and industry polls. 2014 Best Islamic Asset Manager in Europe by the Islamic Finance News. 2014 Best Islamic Bank in Europe by Euromoney. 2013 US$ Income top percentile by Lipper Hindsight, Reuter’s fund ranking service. 2013 Sustainable Investment Funds Firm of the Year by Finance Monthly Global Awards. 2013 BLME’s Premier Deposit Account shortlisted for the Best Fixed Rate Account Provider in the Moneyfacts Awards. 2012 BLME Global Sukuk Fund shortlisted for the MENA Fund Manager Newcomer of the Year award. 2012 BLME US $ Income Fund shortlisted for MENA Fund Manager Best Fixed Income Fund of the Year. 2012 BLME US $ Income Fund shortlisted for the MENA Fund Manager Best Fixed Income Fund – 3 year performance award. 2012 The Global Sukuk Fund was rated as the top performing Sukuk Fund by Zawya. 2012 The US$ Income Fund was ranked 6th best performing fund out of 758 funds by Lipper Hindsight. 2011 Best Islamic Bank in the UK and Best Real Estate Deal of the Year by Islamic Finance News. 2010 – 2013 Best Islamic Institution in the UK by Global Finance Magazine. 2009 Best UK Leasing Provider and Best UK Leasing Deal by Islamic Finance News. 2009 Institutional Excellence Award by World Islamic Banking Conference. 2008 ‐ 2014 Best Islamic Bank in the UK 8 8
BLME Business Divisions Corporate Banking Wealth Management BLME Corporate Banking is one of the few banks in the UK that Comprising of three departments: provides a full range of products and services for the mid ‐ market, including: Private Banking: BLME Private Banking is dedicated to offering competitive Islamic investment and financing ABL Finance products to high net ‐ worth individuals and family offices. Acquisition Finance Lease Finance Asset Management: as an innovative and sophisticated Real Estate Finance asset manager, BLME builds long lasting relationships with Trade Finance Islamic, ethically led and conventional banking clients, institutions and individuals within a Sharia’a framework. Treasury Islamic Capital Markets: BLME is experienced at The Treasury’s role is to manage BLME's capital, liquidity and structuring and syndication with access to a wide range of funding. It is BLME’s point of contact with international banks, investors in Sharia'a compliant assets. financial institutions and corporate treasurers. It funds and manages BLME’s liquidity and provides innovative Sharia’a compliant hedging, and FX structures. 9
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