National Commercial Bank Investor Presentation 3Q 2017 Results NCB Investor Relations 3Q 2017 Investor Presentation 1
Disclaimer The National Commercial Bank (NCB) prepared this presentation on a proprietary basis as general background information about the activities of NCB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by NCB is obtained from sources believed to be reliable, but NCB (nor any of its directors, officers, employees, agents, affiliates or subsidiaries) does not guarantee the accuracy or completeness of such information, and disclaims all liability or responsibility for any loss or damage caused by any act taken as a result of the information. This presentation including the information covered therein is not intended either to be relied upon or construed as an advertisement for, or an offer, solicitation or invitation to sell or issue, or to subscribe, underwrite or otherwise acquire any securities in any jurisdiction. It should and must not be treated as giving tax, legal, investment or other specialist advice or a recommendation to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Neither shall any part of this information nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision or commitment relating thereto, nor does it constitute a recommendation regarding the subject of this presentation. All statements included in this presentation other than statements of historical facts, including, without limitation, those regarding financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives) are forward-looking statements and may thus include words like "anticipate", "believe", "intend", "estimate", "expect", "will", "may", "project", "plan" and such other words of similar meaning. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies and the relevant future business environment. Any forward-looking statements speak only as of the date of this presentation and NCB expressly disclaims to the fullest extent permitted by law any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in the foregoing is intended to or shall exclude any liability for, or remedy in respect of, fraudulent misrepresentation. Due to rounding, numbers and percentages presented throughout this presentation may not add up precisely to the totals provided. NCB is not under any obligation to update, complete, amend, revise or keep current the information contained herein, and any opinions expressed herein are subject to change materially without notice. Accordingly, no representation or warranty, express or implied, is or will be made by NCB, their respective advisors or any such persons’ directors, officers or employees, or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation, and any reliance you place on them will be at your sole risk. Investors must rely solely on their own examinations of the Offering and relevant documentation in making a determination as to whether to invest in the securities described. An investor should seek independent professional advice when deciding if an investment is appropriate. Securities that may be discussed herein may not be suitable for all investors. Investors are required to make their own independent investigation and appraisal of the business and financial condition of NCB and its subsidiaries, the nature of the securities and the merits or suitability of the securities or any transaction to any investor’s particular situation and objectives, including the possible risks and benefits of purchasing any securities. Any such determination should involve an assessment of the legal, tax, accounting, regulatory, financial, credit or other related aspects of the offering or the securities. Without prejudice to the foregoing, NCB, their advisors and any such persons’ directors, officers or employees expressly disclaim any liability whatsoever, in negligence or otherwise, for any loss howsoever arising, directly or indirectly, from use of, or reliance on, this presentation or its contents or otherwise arising in connection therewith. NCB Investor Relations 3Q 2017 Investor Presentation 2
Investor Presentation Contents 04 NCB – The leading KSA bank 12 Grow with KSA. Grow with NCB. 18 Strategy Overview 28 Financial Results Highlights 34 Financial Results Details 48 Segmental Overview 54 Additional Information NCB Investor Relations 3Q 2017 Investor Presentation 3
National Commercial Bank The Leading KSA Bank 3Q 2017 Results NCB Investor Relations 3Q 2017 Investor Presentation 4
NCB is the leading banking group in Saudi Arabia Established in 1953; IPO in 2014 NC NCB Snaps pshot 441 441 bn 316 bn 31 >1 >100 bn 12 12,310 10 >8 >8 m bn bn bn m Clients Employees Assets Deposits Market Cap Wh Wholesale branch i in B Bahrain Offices: S Singapore, S Seoul, S Shanghai Subsidiary i in KS KSA: NCB C Capital Subsidiary i in T Turkey: Tü Türkiye Finans K Katılım Ba Bankası Jeddah HQ NCB Investor Relations 3Q 2017 Investor Presentation 5
NCB is the leading banking group in Saudi Arabia NCB has a strong market and financial position (FY2016) Market Position Ma by by KSA KS Fin Financia ial Posit itio ion KS KSA GCC GC Overall banking Assets #1 Assets #1 #4 Corporate banking Financing #1 Financing #1 #4 Retail banking Financing #2 Deposits #1 #3 tied Treasury Investments #1 Investments #1 #1 Asset Management AUMs #1 Total Operating Income #1 #3 Brokerage Value Traded #3 Net Income #1 #3 Assets ( (SRb Rbn) Finan ancing ( (SRb Rbn) Depos osits ( (SRb Rbn) 500 300 350 300 316 441 250 400 254 273 250 225 200 340 300 200 150 172 143 150 231 158 157 200 218 129 125 203 100 100 100 50 50 0 0 0 NCB Rajhi Samba Riyad BSF NCB Rajhi Riyad BSF Samba NCB Rajhi Samba BSF Riyad NCB Investor Relations 3Q 2017 Investor Presentation 6
NCB has a well-diversified business model Total operating income contribution FY2016 3.7 bn 20% TREASURY SR 15.8 bn 2.2 bn 581 mn 85% 3% 12% 4.6 bn 25% Capital Markets Ca International In Largest Asset Manager in KSA CORPORATE Largest Shariah-compliant NCB NC 7.5 bn Asset Manager worldwide Türkiye Finans Katılım Bankası (TFKB) Top 3 Broker 286 branches, 572 ATMs 374 branches, 3,477 ATMs 40% 17 locations 3,989 employees 148 Remittance centers 286 Employees 8,035 Employees RETAIL NCB Investor Relations 3Q 2017 Investor Presentation 7
NCB has a strong financial position Key KPIs Total Tot al A Assets ( (SRb Rbn) Tot Total al E Equity ( (SRb Rbn) +6% 700 +11% 100 600 449 449 441 441 435 435 377 377 80 60 60 500 345 345 56 56 47 47 400 43 43 60 39 39 300 40 200 20 100 0 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 CAGR CAGR Cap apital al Rat Ratios os ( (%) Liquidity Rat Ratios os ( (%) 19.2% 172.5% 20.0% 2 2 152.3% 19.0% 17.5% 17.1% 17.2% 17.2% 16.9% 18.0% 2 1 17.0% 15.1% 14.7% 1 16.0% 80.3% 16.5% 78.1% 16.2% 1 15.0% 66.3% 62.4% 59.8% 15.3% 1 14.0% 1 13.0% 13.5% 0 12.0% 0 11.0% T1 ratio TC ratio CET1 ratio Liquidity coverage ratio (LCR) Financing to customer deposit ratio 0 10.0% 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 LCR is based on 4Q average numbers Capital ratios are based on Pillar I RWA LCR was not reported before 2015 NCB Investor Relations 3Q 2017 Investor Presentation 8
NCB has a strong performance track record Key KPIs Total Tot al O Operat ating I Incom ome ( (SRb Rbn) Net I Incom ome at attributab able t to e o equity h hol olders ( (SRb Rbn) 18 +8% +10% 30 16 25 14 18.6 18.6 17.5 17.5 16.2 16.2 9.3 9.3 9.1 9.1 12 8.7 8.7 14.9 14.9 20 7.9 7.9 13.5 13.5 5.1 4.9 10 6.5 6.5 4.8 15 4.8 8 4.5 6 10 13.6 12.6 11.4 10.1 9.0 4 5 2 0 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Net special commission income CAGR CAGR Fee and other income Net S Special al C Com ommission on M Mar argin ( (%) Cos ost t to I o Incom ome Rat Ratio ( o (%) Re Returns ( (%) 0 1 0 8.0% 20.1% 20.0% 19.2% 7.0% 0 1 0 3.31% 18.0% 17.8% 38.7% 39.0% 39.0% 37.7% 37.4% 6.0% 3.00% 2.95% 2.92% 2.87% 0 0 5.0% 0 0 4.0% 0 2.2% 2.2% 2.1% 0 2.0% 2.1% 3.0% 0 0 2.0% 0 0 0 1.0% ROE common shares (%) ROA (%) 0 0 0.0% 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 NCB Investor Relations 3Q 2017 Investor Presentation 9
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