Investor Presentation February 2018
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 6.9% (1) and assets totaling QR93.5bn • Doha Bank has a strong domestic franchise with the 2 nd largest retail footprint with 27 local branches, 12 e-branches including pay offjces, 1 active mobile unit and over 110 ATMs as at 31 st December 2017 1 Qatar 2 Dubai - UAE 3 Abu Dhabi - UAE 20 • Doha Bank has one of the largest international networks of the Qatari 4 Kuwait City - Kuwait 5 Mumbai - India 6 Kochi - India banks through branches located in UAE (Dubai and Abu Dhabi), Kuwait 7 Chennai - India 8 London - UK and India (Mumbai, Chennai & Kochi) and representative offjces in 9 Frankfurt - Germany 10 Istanbul - Turkey 11 Singapore United Kingdom, Germany, Turkey, Singapore, China, South Korea, 12 Shanghai - China 13 Seoul - S. Korea 14 Tokyo - Japan Japan, Hong Kong, Australia, South Africa, UAE (Sharjah), Canada 15 Hong Kong - China 16 Sydney - Australia and Bangladesh 17 Toronto - Canada 18 Sharjah - UAE 19 Johannesburg - South Africa 20 Dhaka - Bangladesh • Doha Bank, leveraging its network, has a strong market presence in contract fjnancing (27% market share), trade loans (16% market share) Diversified shareholder base and strong support and real estate (12% market share) and has been fast growing (12% net loans CAGR since 2007) Qatar Holding LLC (a subsidiary of QIA) • The bank operates principally through four business groups: Wholesale 16.7% Banking, Retail Banking, International Banking and Treasury & Other Investments Shareholders 83.3% • 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 Intelligence respectively as on 31 st December 2017 Largest international Strong position in select business lines Second largest network of representative including contract financing, trade Retail footprint offices among Qatari banks finance, real estate and retail Source: Company information, Doha Bank estimates based on public information and QCB data Note: 1. Measured as a percentage of the aggregate assets of the banking sector in Qatar as at 31 December 2017 1
Significant player in a fast growing banking sector December - 2017 Net Loans (QRbn) December - 2017 Total Deposits (QRbn) QNB 584.3 QNB 585.5 QIB 102.6 QIB 101.8 CBQ 89.1 CBQ 77.6 72.1 Rayan Rayan 62.5 Doha Bank 59.8 #3 position* Doha Bank #3 position* 59.5 Ahli 28.9 Ahli 23.6 0 50 100 600 0 50 100 600 Conventional Bank Islamic Bank Conventional Bank Islamic Bank Source: Company information Source: Company information Note: *Among conventional banks Note: *Among conventional banks Qatari banking system – Total Loans (QRbn) Qatari banking system – Total Deposits (QRbn) 823 CAGR (2007 - 2017) : 19% % 727 1 7 911 : 7 ) 844 1 0 2 650 - 7 0 0 2 753 ( R 601 G A C 548 653 578 458 510 364 404 307 247 314 212 270 243 167 161 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Source: QCB banks’ monthly statements and annual reports Source: QCB banks’ monthly statements and annual reports 2
Qatar has strong historic and planned economic growth... Stable economic situation Government fiscal surplus/deficit (% of GDP) Sovereign rating: Aa- (Negative) by Fitch / AA- (Negative) by 16.0% 13.7% 16.0% 11.4% S&P / Aa3 (Negative) by Moody’s 6.9% 6.0% Qatar has the 3 rd largest reserves of natural Gas reserves: gas in the world (2) -0.8% -1.1% -4.0% -5.9% 25.2bn barrels of proven oil reserves (2) Oil reserves: -9.0% -14.0% 2011/12 2012/13 2013/14 2014/15 2015 2016* 2017** 2018*** Surplus of 2.3% in 2017 (1) and 1.0% in Current account balance: 2018 (1) of nominal GDP Source: QCB annual reports (2011-2015) & Qatar MDPS (June 2016) Note: The above data until 2014/15 is for the fiscal year from 1 April – 31 March * Estimates as per IMF 2016 Article IV Consultation with Qatar (April 2017) Forecasted real GDP growth: 2.5% in 2017 (1) and 3.1% in 2018 (1) ** IMF Staff visit to Qatar - August 2017 *** Qatar Budget 2018 2.64 million as at 31 December 2017 (4) Population: With US$60,812 in 2017 Qatar is one of the Government revenues (QRbn) GDP per capita: wealthiest countries in the world (1) 400 250 Government fjscal position: Estimated defjcit of 1.1% of GDP in 2018 (3) 27 200 Government gross debt: QR329.5bn (54.4% of GDP) in 2017 (1) 300 40 65 Signifjcant investments in the run up to hosting 150 Signifjcant future 200 the 2022 FIFA World Cup and achieving the 322 13 government & infrastructure 100 2030 Qatar National Vision (e.g. gas projects, 28 287 spending: 171 219 100 airport, rail, infrastructure, housing) 50 133 Currency: Pegged to the U.S. dollar since 1980 0 0 12/2013 13/2014 14/2015 2015* 2016 Oil & Gas revenues** Miscellaneous Transferables revenues WTI Crude Oil Price ($/brl) Source: 1. IMF World Economic Outlook Database (October 2017) Source: Government revenues: QCB annual reports & WTI Crude oil Price: Bloomberg report - December 2017 2. British Petroleum Statistical Review of World Energy (June 2017) Note: * Preliminary data covers 9 months (1/4- 31/12/2015) where the period has been extended as 3. Qatar Budget 2018 per Law No. (2) for the year 2015 for amending the fiscal year to a calendar year. 4. Population statistics of Ministry of Development Planning & Statistics (December 2017) ** Oil & Gas Revenue includes investment revenue transferred from Qatar Petroleum. Qatar enjoys one of the highest GDP per capita at US$ 60,812 in 2017 (1) and has strong historic economic growth 3
…With large planned expenditure to diversify the economy benefiting the banking sector Infrastructure projects & events to benefit from the 3 rd largest reserves and 2 nd largest exporter of natural gas National Vision 2030 Natural gas reserves (2016) Export of natural gas in 2016 Infrastructure projects in Qatar (cubic meters bn) Iran • QF - Education City (2019) 18.0% Iran 250 Others 18.0% • NDIA - Hamad International Airport (2020) Others 29.8% 204.8 29.8% 200 #2 • ASHGHAL - Expressway Programme (2020) 150 UAE 124.5 Russia • FIFA World Cup Football Stadiums (2020) Russia 116.1 3.3% 17.3% 17.3% UAE 100 • UDC - Pearl Qatar (2020) 82.5 Saudi Arabia 3.3% 53.1 4.5% Saudi Arabia • Msheireb Properties - Msheireb Downtown Doha (2020) 50 Qatar 4.5% US Qatar 13.0% 4.7% • QP - Bul Hanine Field Redevelopment Project (2021) 13.0% #3 Turkmenistan 0 9.4% Russia Qatar Norway Canada Netherlands • LREDC - Lusail Development (2022) • QatarGas - Barzan Gas Development (2023) Source: British Petroleum Statistical Review of World Energy (June 2017) • NPP - Hamad Port (2025) • Barwa Real Estate - Barwa Al Khor Development (2025) Development of GDP composition 2012–2016* • Manateq - Qatar Economic Zone (2025) • QRAIL - Qatar Integrated Rail Project (2026) 2012 2016* • Kahramaa - Water Security Mega Reservoirs (2026) 9.5% 9.5% 4.7% 5.8% 3.6% 8.7% 8.7% 30. 30.3% 5.4% 2022 FIFA World Cup 7.7% 2.1% 7.7% 5.3% • ‘2022 FIFA World Cup’ is expected to draw around half a million visitors, 9.6% 4.6% 58.0% 9.6% circa 20% of Qatar’s current population 9.0% 9.0% 3.3% 10.5% 3.3% 11.9% 10.0% 10.0% 11.9% • In the 2018 Qatar Budget, the funds allocated to the sports sector and projects related to the ‘2022 FIFA World Cup’ amounted to QR11.2bn Mining and Quarrying Wholesale, Retail and other services Real Estate Manufacturing Transportation and storage Public administration Construction Financial and insurance activities Others Source: QCB Quarterly Statistical Bulletin – December 2017 Source: Business Monitor International, research reports Note: * Preliminary estimates Upcoming projects and economic development have attracted an influx of expatriate labor and benefited the economy 4
Leading franchise of Doha Bank and entrenched position Loan market size (QRbn) and Doha Bank market share (%) 911 360 147 135 124 73 40 6.9% 1.0% 4.7% 12.4% 7.2% 16.1% 27.4% Government Total loans Real estate loans Services Retail loans Trade loans Contract loans fjnancing Doha Bank market share as of 31 December 2017 Loan market size as of 31 December 2017 Comments: • A leading franchise in real estate, contract fjnancing and trade • Well diversifjed loan portfolio • Worldwide network of representative offjces in key locations • Strong and prominent brand recognition in Qatar • First to introduce many innovative products and services in Qatar • Many of the Board members belong to the ruling ‘Al Thani’ family • Excels in providing the right products to the right customers 5
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