FACTS BEHIND THE FIGURES (2007/2008 FINANCIAL YEAR) AND FACTS BEHIND THE FIGURES HIGHLIGHTS OF QUARTER 1, 2008 (APRIL – JUNE 2008 ) A PRESENTATION BY ACCESS BANK PLC S O CC SS C July 2008 Slide 1 The Quest for Excellence
Presentation Outline • Background Information • Strategy & Customer Value Proposition • 2007/08 Financial Performance • Financial Performance Analysis & Key Drivers • First Quarter Highlights First Quarter Highlights • Conclusion Slide 2 The Quest for Excellence
Background Information Background Information Slide 3 The Quest for Excellence
Access Group – Fact Sheet Parent Company: Access Bank Plc registered in Nigeria and licensed as a Universal bank Parent Company: Access Bank Plc registered in Nigeria and licensed as a Universal bank OUR VISION : To transform our bank into a world-class financial services provider . OUR MISSION : To go beyond the ordinary, to deliver the perceived impossible, in the Quest for Excellence g y y p p Market Capitalization No of Employees Partners $2.4Billion 1420 Listing Credit Rating Total Assets NSE (Ordinary Shares & 3 years Convertible Bond) AA / A- / BBB $10Billion OTC GDR Traded in London (GCR/Agusto/Fitch) ( g ) Shareholders Funds $ 1.5billion Subsidiaries • Access Bank Gambia • Omni Finance, Cote d’Ivoire , • Access Bank Sierra Leone • Bancor, Rwanda Geographical Channels Coverage 118 Branches • Access Investment & Trust Ltd • Banque Privee du Congo Global 119 ATMs • Access Homes & Mortgages • Access Bank, Zambia 104 POS • United Securities Limited Call Centre • The Access Bank UK Limited Slide 4 The Quest for Excellence
Access Bank - Geographical Coverage Geographical Coverage United Kingdom GDP Slide 5 The Quest for Excellence
NIGERIA: Fact Sheet Location: Western Africa Geographic coordinates: 10 00 N, 8 00E PEOPLE Population 138 283 240 (July 2008 est ) 138,283,240 (July 2008 est.) Population Growth Rate 2.382% (2008 est.) ECONOMY GDP GDP U Unemployment Rate l t R t $166.8billion (2007 est.) GOVERNMENT 25% (2007 est.) GDP per Capital Executive Inflation $2,000 5.5% (2007 est.) ( ) Federal, State & Local , GDP real Growth Rate Foreign Direct Investment (FDI) Legislative 6.4% National & State Assemblies External Reserves $33.64billion (2007 est.) $58bn External Debt External Debt Judiciary Judiciary $3bn Federal & State Judiciaries Slide 6 The Quest for Excellence
Recent Developments in the Nigerian Banking Industry • Banking reform announced by CBN governor in July 2004 89 banks (2004) under a 14-point agenda A major requirement was for banks to achieve ► minimum shareholders’ funds of N25bn (approx. minimum shareholders funds of N25bn (approx. USD190mm) by the end of December 2005 • The reform initiated the first wave of consolidation in the sector M&A + Capital raisings • • 25 groups emerged from 89 banks that existed at 25 groups emerged from 89 banks that existed at December 2004 • 14 banks had their license revoked, as they did not meet capital requirements represented 6.5% of the total deposit liabilities of the 25 banks 14 failed ► banking system (less than 1% of GDP) (Dec-2005) banks 4 of these banks were later acquired by 3 recapitalised ► banks under the purchase and assumption strategy Flight to safety and quality benefited stronger banks ► 24 b 24 banks k • Fastest growing financial services sector in Africa (2007) • Accounts for 50% of Nigerian Stock Exchange(NSE) Market capitalisation • • 5 Nigerian Banks rank amongst Africa Top 20 and 10 5 Ni i B k k t Af i T 20 d 10 Nigerian Banks rank Top 1000 (2008) (Source: The Banker) Capital Markets International Consumer Finances Retail & Electronic Expansion Africa & Mortgages, Assets Banking Banking Investment Investment Banking Banking OECD Finance Banking Slide 7 7 The Quest for Excellence
Strategy & Customer Value Proposition Slide 8 The Quest for Excellence
Our Target Market Corporate & Commercial Clients Retail & Consumer Clients • Very large Corporates with dominant market Very large Corporates with dominant market • Retail/Consumer banking segment R t il/C b ki t share in Telecoms, Oil & Gas, Fast Moving penetration is still very low in Africa, In Consumer Goods (FMCG) & Commodities Nigeria there are less than 1 million personal loans against 38 million mobile • Public Sector project finance opportunities phones subscribers h b ib owing to infrastructure funding gap $12 bn for i t i f t t f di $12 b f Sub-Sahara Africa year on year (Nigeria $8bn) • Primary target market is the employees of Corporates, SME clients etc p • Multinational players in the oil & gas Multinational players in the oil & gas • Middle-tier Corporates • SME in the service sector particularly • Distributors to top 3 producers of goods and schools, Hospitality, Professional services services in Telecoms, Downstream Oil & Gas, services in Telecoms Downstream Oil & Gas i.e. Legal etc. i e Legal etc FMCG • High net worth clients particularly • Financial institutions driven by the ongoing owners/managers of our corporate clients reforms in Financial service industry in Africa –Stockbroking, Asset management, Microfinance, Mortgages • Users of our electronic banking (non- account holders) • Public Sector and State Governments driven by our nationwide coverage by our nationwide coverage Slide 9 The Quest for Excellence
Access Bank’s Value Proposition Customer Value Proposition Competitive value matrix This is where we want to be (Customer centric) QUALITY -5***** Service Outstanding relationship High Expensive relationship Q Quality inde Nigerian Banks Customer IMAGE - World class Outstanding - Excellent Value - Global r ex PRICE - Not cheap -Premium Low Peer value Discount relationship High Low Price Slide 10 The Quest for Excellence
Access Bank’s Value Proposition (Cont’d) � Cards, Assets Finance End user � Revenue Collections � Suppliers Schemes Supplier Schemes � Invoice Discounting Government � Cash Mgt Large Corporates � Payroll management � Cards � Cards � Distributors Credit Schemes � Distributors Credit Schemes E Employees l Distributor � ATMs � Other Cash Mgt Schemes � Assets Finance Shareholders � Wealth Management, Registrars Services METHODOLOGY OBJECTIVE OBJECTIVE Develop suit of products & product programs to • Reduced cost of production to operators meet target stakeholders demands in good time • Increase sales volume to operators with appropriate pricing taking risk into • Ensure benefits can accrue direct to primary target through the chain t t th h th h i consideration id ti Slide 11 The Quest for Excellence
One Bank At Work Full range of products and services across several countries seamlessly Very close relationships with delivered through one single banking clients, creates high barriers to entry , g y relationship l ti hi for competitors “One Bank” Customer intimacy delivery d li Revenue drivers Competent, multi- C l i Cost efficiency Cost tasking, multi- Management skilled workforce O t t Outstanding staff di t ff Operational productivity Sustainable improvement excellence of Cost structure Slide 12 The Quest for Excellence
FINANCIALS Slide 13 July 2008 The Quest for Excellence
2007/08 Financial Performance Highlights Performance Highlights Slide 14 The Quest for Excellence
2007/08 Financial Performance Highlights 2008 2008 2008 2008 Indices Group Group Bank Bank 2007 2007 2006 2006 CAGR ($ m) ($'m) (N m) (N'm) ( $'m) ( $ m) ( N'm) ( N m) ($'m) ($ m) (N'm) (N m) ($'m) ($ m) (N m) (N'm) % % Gross Earnings 496 57,999 493 57,627 220 27,881 106 13,360 108% Interest & discount income 348 40,677 347 40,536 133 16,894 69 8,734 115% Net commission & fees 124 14,435 123 14,344 77 9,769 22 2,863 124% Other income 25 2,888 24 2,747 10 1,217 14 1,764 25% Net Income Net Income 338 338 39 456 39,456 335 335 39,154 39 154 167 167 21 153 21,153 75 75 9,503 9 503 103% 103% Operating expenditure (177) (20,610) (172) (20,112) (104) (13,110) (66) (8,384) 55% PBT 161 18,846 163 19,042 63 8,043 9 1,119 313% Loans Loans 2 104 2,104 245 836 245,836 2 094 2,094 244 595 244,595 850 850 107 750 107,750 425 425 54 111 54,111 113% 113% Deposits liabilities 3,028 353,736 3,012 351,789 1,619 205,264 871 110,879 78% Shareholders' Funds 1,471 171,805 1,473 172,002 224 28,385 227 28,894 144% Total Assets 8,950 1,045,568 8,934 1,043,465 2,591 328,615 1,372 174,553 144% Slide 15 The Quest for Excellence
Recommend
More recommend
