Investor Presentation August 2016
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 7.4% (1) and assets totalling QR87.4bn Doha Bank has a strong domestic franchise with the 2 nd largest retail footprint with 30 local branches, 19 e-branches including pay offices, 1 active mobile unit and over 120 ATMs as at 30 June 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, Bangladesh, UAE (Sharjah) and Canada Doha Bank, leveraging its network, has a strong market presence Diversified shareholder base and strong support in contract financing (26% market share), trade loans (14% market share) and real estate (10% market share) and has been fast growing Qatar Holding LLC (13% net loans CAGR since 2007) (a subsidiary of QIA) 16.7% The bank operates principally through four business groups: Wholesale Banking, Retail Banking, International Banking and Treasury & Investments Other Doha Bank’s long-term local and foreign currency rating was assessed at A2 Shareholders / A- / A+ / A by Moody’s, S&P, Fitch and Capital Intelligence respectively 83.3% Largest international network of Strong position in select business representative offices among lines including contract financing, Second largest retail footprint Qatari banks trade 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 30 June 2016
Significant player in a fast-growing banking sector June - 2016 Net Loans (QRbn) June - 2016 Total Deposits (QRbn) 488.4 496.6 QNB QNB 96.6 95.3 QIB QIB 72.1 77.4 CBQ CBQ 57.8 64.3 Rayan Rayan #3 position* #3 position* 52.4 55.4 Doha Bank Doha Bank 20.8 25.1 Ahli Ahli 0.0 20.0 40.0 60.0 80.0 100.0 500.0 0.0 20.0 40.0 60.0 80.0 100.0 500.0 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) 2005 – Q1 2016 CAGR: 26% 900.0 2005 – Q2 2016 CAGR: 22% 788 800.0 753 684 800.0 650 700.0 653 601 700.0 548 578 600.0 600.0 510 458 500.0 500.0 404 364 400.0 400.0 307 314 270 247 300.0 243 300.0 212 167 161 200.0 120 200.0 103 85 70 100.0 100.0 0.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Q2-16 Q2-16 Source QCB banks’ monthly statements and annual reports Source QCB banks’ monthly statements and annual reports Source QCB banks’ monthly statements and annual reports Source QCB banks’ monthly statements and annual reports 2
Government fjscal surplus (% of GDP) Forecasted real GDP Government gross Gas reserves: GDP per capita: Government fjscal Qatar has strong historic and planned economic growth... • Qatar enjoys one of the highest GDP per capita at US$ 66,265 in 2016 (1) and has strong historic economic growth Sound and attractive economic situation 14.2% 15.0% 11.4% Sovereign rating: AA (Stable) by S&P / AA (Stable) by Fitch /Aa2 (Negative) 10.0% by Moody’s 6.9% 5.0% 3.5% Qatar has the 3 rd largest reserves of natural gas in the world (2) 2.1% 0.0% 25.7bn barrels of proven oil reserves (2) Oil reserves: -5.0% Deficit of 0.4% of nominal GDP in 2016 (3) -7.8% Current account -10.0% 2011 2012 2013 2014 2015 2016* balance: Note: The above data until 2014 is for the fiscal year from 1 April – 31 March * The fiscal estimates & forecast for 2015 and 2016 are calendar year based 3.9% in 2016 (3) Source: QCB annual reports (2011 & 2014) and Qatar MDPS (December 2015 & June 2016) growth: Strong government revenues Population: 2.48 million as at 30 June 2016 (4) With US$66,265 in 2016 Qatar is one of the wealthiest countries 140 in the world (1) 400 120 350 First deficit in 15 years, estimated at about 7.8% of GDP in 2016 (3) 100 49 61 position 300 80 250 65 98 112 QR 287.2 billion (46.2% of GDP) in 2016 (1) 200 42 42 60 debt: 26 150 23 40 195 36 Significant future Significant investments in the run up to hosting the 2022 FIFA World 100 178 155 164 government & infra- Cup and achieving the 2030 Qatar National Vision (e.g. gas projects, 20 50 97 structure spending: airport, rail, infrastructure, housing) 0 0 2011 2012 2013 2014 2015 Pegged to the U.S. dollar since 1980 Currency: Other rev enues Oil & gas rev enues Investment rev enues WTI Crude Oil Price ($/ brl ) Note: The above data untill 2015 is for the fiscal year from 1April – 31 March Notes: 1. IMF World Economic Outlook Database (April 2016) Source QCB annual reports (2011 & 2014), QCB Statistical Bulletin and Bloomberg as of 30 June 2016 2. British Petroleum Statistical Review of World Energy (June 2016) 3. Ministry of Development Planning & Statistics (June 2016) 4. Population statistics of Ministry of Development Planning & Statistics (June 2016) 3
Upcoming projects and economic development have attracted an infmux of expatriate labor and benefjted the economy Development of GDP composition 2000–2015 Infrastructure projects & events to benefjt from the National Vision 2030 Infrastructure projects in Qatar and the GCC …with large planned expenditure to diversify the economy benefiting the banking sector 3 rd largest reserves and 2 nd largest exporter of natural gas 0.7% 3.1% 1.2% 0.4% Natural gas reserves (2015) Export of natural gas in 2015 2000 2015* 4.5% 0.1% (cubic metres bn) 3.6% 8.9% 5.8% Iran 300 18.2% Others 36.3% 9.5% 28.6% 207.5 250 12.8% #2 200 UAE 11.9% 5.4% Russia 126.1 150 60.4% 3.3% 115.5 17.3% 7.3% 74.3 Saudi Arabia 100 9.7% 18.4% 4.5% 41.8 50 Oil and gas Finance, insurance & real estate Trade, restaurants & hotels US Qatar Manufacturing Building & construction Transport & communications 5.6% 13.1% 0 Turkmenistan Other Services Electricity & water Agriculture & fishing 9.4% Russia Qatar Norway Canada Netherlands #3 Source QCB annual reports and QCB Quarterly Statistical Bulletin - March 2016 * Preliminary estimates Source British Petroleum Statistical Review of World Energy (June 2016) 2022 FIFA World Cup • UDC - Pearl Qatar - Qatar (2017) • ‘2022 FIFA World Cup’ is expected to draw around half a million visitors, circa • Saudi Aramco - Jizan Refinery Project - Saudi Arabia (2017) 20% of Qatar’s current population • Aldar Properties - Al Raha Beach Development - UAE (2017) • The government plans to build 9 new stadiums and expand 3 existing stadiums • Ashghal - Expressway Program - Qatar (2018) by 2020 for a total cost of US$4bn • ZADCO - Upper Zakum Full Field Development - UAE (2018) • The government has allocated QAR50.6Bn in the 2016 Budget towards • BP - Khazzan & Makarem Fields Development - Oman (2018) infrastructure sector to ensure sustainable development • KNPC - New Refinery Project - Kuwait (2019) • QF - Education City - Qatar (2019) • ASHGHAL - Local Roads & Drainage Program (LRDP) - Qatar (2018) • NPP - Hamad Port - Qatar (2020) • Dubai Holding - Dubailand: Mudon - UAE (2020) • QRAIL - QIRP: Doha Metro : Phase 1 - Qatar (2020) • NDIA - Hamad International Airport - Qatar (2020) • ADA - Riyadh Light Rail Transit (Riyadh Metro) - Saudi Arabia (2020) 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 788 A leading franchise in real estate, contract financing, trade and retail loans 278 Opportunity for increased participation in the public sector 130 Well diversified loan portfolio 7.3% 1.3% 9.5% Worldwide network of representative offices in key Government Real estate loans Total loans locations loans Growing network of branches and strong presence in 126 the GCC 115 Strong and prominent brand recognition in Qatar 5.0% 67 Services Doha Bank excels in innovating new products and services 39 9.0% and providing the right products to the right customers 14.1% Retail loans 26.1% Trade loans Many of the Board members belong to the ruling Contract financing ‘Al Thani’ family Doha Bank market share as of 30 June 2016 Loan market size as of 30 June 2016 5
Recommend
More recommend
