Investor Presentation February 2017
Overview of Doha Bank Key highlights Strong international footprint • Incorporated in 1979, Doha Bank is the third largest local conventional bank by assets in Qatar with a market share of approximately 7.1% (1) and assets totalling QR90.4bn • Doha Bank has a strong domestic franchise with the 2 nd largest retail footprint with 29 local branches, 16 e-branches including pay offices, 1 active mobile unit and 120 ATMs as at 31 December 2016 • Doha Bank has one of the largest international networks of the Qatari banks through branches located in UAE (Dubai and Abu Dhabi), Kuwait and India (Mumbai and Kochi) and representative offices in United Kingdom, Germany, Turkey, Singapore, China, South Korea, Japan, Hong Kong, Australia, South Africa, UAE (Sharjah), Canada and Bangladesh • Doha Bank, leveraging its network, has a strong market presence in contract financing (27% market share), trade loans (13% market share) and real estate (11% market share) and has been fast Diversified shareholder base and strong support growing (13% net loans CAGR since 2007) Qatar Holding LLC • The bank operates principally through four business groups: (a subsidiary of QIA) Wholesale Banking, Retail Banking, International Banking and 16.7% Treasury & Investments • Doha Bank’s long-term local and foreign currency rating was assessed at A2 / A- / A+ / A by Moody’s, S&P, Fitch and Capital Other Intelligence respectively Shareholders 83.3% Largest international network of Strong position in select business lines Large retail footprint representative offices among including contract financing, trade Qatari banks finance, real estate and retail Source Company information, Doha Bank estimates based on public information and QCB data 1 Note: 1. Measured as a percentage of the aggregate assets of the banking sector in Qatar as at 31 December 2016
Significant player in a fast-growing banking sector December - 2016 Net Loans (QRbn) December - 2016 Total Deposits (QRbn) 520.4 QNB 506.7 QNB 98.2 95.4 QIB QIB 77.8 70.9 CBQ CBQ 67.6 58.0 Rayan Rayan #3 position* #3 position* 59.2 55.7 Doha Bank Doha Bank 26.9 25.0 Ahli Ahli 0 20 40 60 80 100 550 0 20 40 60 80 100 550 Conventional Bank Islamic Bank Conventional Bank Islamic Bank Source Company information Source Company information *Among conventional banks *Among conventional banks Qatari banking system – Total Loans (QRbn) Qatari banking system – Total Deposits (QRbn) 844 % 900.0 % 800.0 2 0 727 4 : 2 R G : A R 753 C G 6 800.0 1 650 A 2 0 C 700.0 – 6 6 1 0 0 601 0 653 2 2 700.0 – 548 6 600.0 0 578 0 2 600.0 458 510 500.0 500.0 364 404 400.0 307 400.0 314 247 270 300.0 212 243 300.0 167 161 200.0 120 200.0 103 100.0 100.0 0.0 0.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source QCB banks’ monthly statements and annual reports Source QCB banks’ monthly statements and annual reports 2
Government revenues (QRbn) Government fjscal surplus/defjcit (% of GDP) Qatar has strong historic and planned economic growth... • Qatar enjoys one of the highest GDP per capita at US$ 60,733 in 2016 (1) and has strong historic economic growth Stable economic situation 16.0% 13.7% 18.0% 11.4% AA (Stable) by S&P / AA (Stable) by Fitch / Sovereign rating: 6.9% Aa2 (Negative) by Moody’s 8.0% Gas reserves: Qatar has the 3 rd largest reserves of natural gas in the world (2) -2.0% -0.8% Oil reserves: 25.7bn barrels of proven oil reserves (2) -7.8% -12.0% 2011/12 2012/13 2013/14 2014/15 2015* 2016** Current account Deficit of 1.8% of nominal GDP in 2016 (1) balance: Notes: The above data until 2014/15 is for the fiscal year from 1 April – 31 March * Preliminary date covers 9 months (1/4/2015 - 31/12/2015) where the period has been extended for Forecasted real GDP the year 2015 for amending the fiscal year to a calendar year. 2.6% in 2016 (1) and 3.4% in 2017 (1) ** Estimates as per Ministry of Development Planning and Statistics -- June 2016 growth: Source: QCB annual reports (2011 & 2015) and Qatar MDPS (2016) Population: 2.60 million as at 31 December 2016 (4) With US$60,733 in 2016 Qatar is one of the wealthiest countries GDP per capita: in the world (1) 400 140 350 120 Estimated deficit of 7.8% of GDP in 2016 (3) 49 49 61 Government fiscal 61 300 The Qatar budget 2017 committed to reduce Qatar’s planned 100 position: deficit by 38.9% from QR46.5bn in 2016 to QR28.4bn in 2017 65 65 98 98 250 112 112 80 42 42 42 42 200 Government gross 26 26 60 QR 312.7 billion (54.9% of GDP) in 2016 (1) 150 23 debt: 23 195 36 40 100 178 155 164 Significant future Significant investments in the run up to hosting the 2022 FIFA 20 50 97 government & infra- World Cup and achieving the 2030 Qatar National Vision (e.g. gas 0 0 structure spending: projects, airport, rail, infrastructure, housing) 2014/15* 2010/11 2011/12 2012/13 2013/14 Currency: Pegged to the U.S. dollar since 1980 WTI Crude Oil Price ($/brl) Oil & gas revenues Investment Other revenues Notes: * Preliminary Data 1. IMF World Economic Outlook Database (October 2016) Note: The above data untill 2015 is for the fiscal year from 1 April - 31 March 2. British Petroleum Statistical Review of World Energy (June 2016) Source: QCB annual reports 3. Ministry of Development Planning & Statistics (June 2016) 4. Population statistics of Ministry of Development Planning & Statistics (December 2016) 3
Development of GDP composition 2011–2015* Infrastructure projects & events to benefjt from the National Vision 2030 • Upcoming projects and economic development have attracted an infmux of expatriate labor and benefjted the economy …with large planned expenditure to diversify the economy benefiting the banking sector 3 rd largest reserves and 2 nd largest exporter of natural gas 2011 2015* Natural gas reserves (2015) E x p o r t o f n a t u r a l g a s i n 2 0 1 5 8.4% 4.4% 5.5% (cubic metres bn) 7.4% 3.9% Iran 250 18.2% 207.5 Others 5.6% 6.4% 38.6% 28.6% 200 2.3% #2 5.3% 8.2% 150 126.1 4.7% UAE 58.8% Russia 115.5 2.9% 3.3% 17.3% 100 74.3 Saudi Arabia 8.8% 9.5% 9.6% 4.5% 9.7% 41.8 50 US Qatar Mining and Quarrying Wholesale, Retail and other services Real Estate 5.6% Turkmenistan 13.1% Manufacturing Transportation and storage Public administration 0 9.4% #3 Construction Financial and insurance activities Others Russia Qatar Norway Canada Netherlands Source: British Petroleum Statistical Review of World Energy (June 2016) Source: QCB annual report - December 2015 * Preliminary estimates Infrastructure projects in Qatar and the GCC 2022 FIFA World Cup • KA-CARE - Renewable Energy Program (2017) • ‘2022 FIFA World Cup’ is expected to draw around half a million visitors, • JDURC - Heart of Jeddah Development (2017) circa 20% of Qatar’s current population • MMRTC - Mecca Metro (2017) • The government plans to build 9 new stadiums and expand 3 existing • Dubai Holding / Emaar Properties JV - Dubai land: Bawadi (2017) stadiums by 2020 for a total cost of US$4bn • QRAIL - QIRP: Passenger & Freight Rail (2017) • The government has allocated QAR 42bn in the 2017 Budget towards • Miral - Yas Island: South Yas Development (2017) transportation and infrastructure projects • SEZAD - Northern and Central Industrial Zone-Oman (2017) • Saudi Aramco / Sabic JV - Jubail Oil-To-Chemical Complex (2018) • ADNOC - Hail and Ghasha Sour Gas Development (2018) • ADNOC - Bab Sour Gas Project (2018) • KACARE - Sustainable City (2019) Saudi Aramco - Yanbu Integrated Refinery & Petrochemicals Complex (2019) • Aldar Properties - Lulu Island (2019) • KAPP - Kuwait National Rail Road (2019) 4 Source: Business Monitor International, research reports
Loan market size (QRbn) and Doha Bank market share(%) Leading franchise of Doha Bank and entrenched position Comments • A leading franchise in real estate, contract financing, 844 trade and retail loans 315 • Opportunity for increased participation in the public sector 135 • Well diversified loan portfolio • Worldwide network of representative offices in key locations 7.3% 1.6% 10.8% • Growing network of branches and strong presence in the Government Real estate loans Total loans GCC loans • Strong and prominent brand recognition in Qatar 125 • Doha Bank excels in innovating new products and services and providing the right products to the right customers 121 • Many of the Board members belong to the ruling ‘Al 5.4% Thani’ family 72 Services 40 9.0% 13.4% Retail loans 26.5% Trade loans Contract financing Doha Bank market share as of 31 December 2016 Loan market size as of 31 December 2016 5
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