Professional Documents
Culture Documents
Contents
Background
About DIB
DIB Financials
Peer Group
Stock Information
Dec-05
Dec-06
Dec-07
152
162
Bank Assets
Source: UAE Central Bank
Bank Deposits
Key Players in the Islamic Banking Market in UAE / Middle East Region
Existing Players
New Entrants
Contents
Background
About DIB
DIB Financials
Peer Group
Stock Information
The largest Islamic Bank in UAE Amongst the top 4 Banks in the country
Strong Domestic Franchise Nearly 600,000 retail customers 49 branches / nearly 300 ATMs, CDM
Millennium Capital and Millennium Finance subsidiaries incorporated in Dubai International Financial Centre Investment banking activities such as project finance, loan syndication, capital markets, asset management and structured finance as well as Corporate Advisory Services Global leaders in Sukuk issuance: #1 in the Bloomberg league table in 2006
Leading provider of Real Estate Finance services in the UAE with significant role in supporting real estate developments Financing to contractors in the oil, gas, power and water sectors Short term equity investments in established companies and business start-ups across MENA region Large & Middle Market Bankers to top corporate houses in GCC Financing for Trade and Manufacturing and Infrastructure Cash Management capabilities Foreign exchange services Asset-liability management Islamic derivatives
Corporate Banking
Treasury
Focus on Value Growth: cross selling, new Islamic products embed cost awareness
3
Banks in UAE
Continually innovate using the latest technology and product expertise leading to ease and convenience
Evolving from a pure banking entity to a more comprehensive Financial Services Group
Diversifying DIBs revenue streams through penetration and presence in new markets in the MENA region
Others 12%
Real Estate 26%
Treasury 14%
Govt 7%
Retail 10%
Investment Banking 7%
Direct Equity 16% Corporate Banking 7% Real Estate/Contra ct Financing 12%
US$ 2 Billion Sukuk for Dubai Civil Aviation for expansion project of Dubai International Airport
US$ 600m Government of Malaysia Sukuk US$ 600m Pakistan Sovereign Sukuk US$ 550m Sukuk for Emirates Airlines US$ 530m Lead Arranger for Qatar Gas II
Contents
Background
About DIB
DIB Financials
Peer Group
Stock Information
700 650 600 550 500 450 400 350 300 250 200 150 100 50 -
About 12-fold growth in net profits over the last 5 years Improved profitability attributed to both growth in core business and growth in Islamic market
60%
425
97%
64 2003
126 2004
Years
22.9
Strong and consistent growth in total assets. Increase of 4+ times over last 5 years Focus on quality and portfolio mix of assets along with aggressive growth
13
18.0
31%
17.5
50%
13.0
40% 11.7
8.0
16%
5.3 3.0
34%
6.2
8.3
2002
2003
2004
2005
Years
Value
2006
2007
17.0
Total Deposits (USD 'Bn)
15.0 13.0 11.0 9.0 7.0 5.0 3.0 2002 2003 2004
Years
Value
17%
4.6
5.4
6.8
13.3
38%
9.6
More than 4 fold growth in gross financing in 5 years Well diversified and balanced portfolio, with lending to all key industry sectors
25%
7.7
62% 21%
2.8 2002
43%
3.3 2003
4.8
2004
2005
Years
2006
2007
14
40% 30%
ROE
2005
2006
2007
ROA
ROA
2.90%
3.40%
2005
2006
2007
15.4%
13.5%
17.1% 67.5%
21.7% 64.8%
Investment Deposits
Current
Saving
16
60.0% 50.0%
Cost / Income Ratio
40.0%
30.0%
20.0% 10.0% 0.0% 2002 2003
2004
2005
Years
2006
2007
Advances to Deposits
DIB - AD Ratio
AD Ratio
85% 60%
62% 70% 74%
75%
2002
17
2003
2004
Years
2005
2006
2007
Contents
About DIB
DIB Financials
Peer Group
Stock Information
1,200 1,100 1,000 900 800 700 600 500 400 300 200 100 -
1,074
32%
815
19%
60%
682
681
418
-5%
31%
DIB net profits CAGR is the highest among comparable peer banks
Net profits among the top 3 banks in UAE
Total Assets: USD Billion
573
567
21%
541
547
425
ENBD
NBAD
DIB
ADCB
FGB
428
MESQ
517
70.0
38.0
60.0 50.0
45.2
68.7
52%
27.5
28.9
30%
53%
23.9
22.1
15.4
17.5
22.8
ENBD
NBAD
ADCB
FGB
DIB
13.0
MESQ
19.9
40.0
30.0
26.0
37.7
45%
16%
22.3
20.0 10.0 -
19.3
36%
17.7
32%
11.8
15.6
52%
39%
14.2
13.0
13.1
9.4
ENBD
NBAD
DIB
ADCB
FGB
9.4
MESQ
Total Financing (USD 'Mn)
27.0
29.7
45.3
CAGR
39%
21%
21.7
17.0
15.7
17.0
20.6
13.3
(3.0)
ENBD
NBAD
ADCB
DIB
6.8
FGB
8.0
12.1
39%
77%
7.0
M ESQ
10.4
30%
9.6
26.0%
ROE top amongst peer banks Compares favorably with major banks globally
25.0% 23.8%
21.0%
21%
22.0%
ROE
18.0%
ROA: 2007
MESQ FGB ADCB
ROA
3.5%
3.38%
ROA
2.63%
3.32%
3.3%
2.12%
2.08%
MESQ
Banks
ADCB
NBAD
ENBD
21
Source: Bloomberg
2007
1.89%
50% 40%
Cost/Income Ratio
38%
40%
Increased due to infrastructure spend, technology, new branches, and staff packages in line with the market
MESQ
ENBD
DIB
140% 120%
132% 120%
100% 98% 80% 75% 60% 40% 20% 0% DIB MESQ FGB
Bank s
79%
85%
NBAD
ENBD
ADCB
22
Source: Bloomberg
2007
Contents
About DIB
DIB Financials
Peer Group
Stock Information
Key Metrics
Bloomberg ID: DIB UH Equity
Key Indicators: USD
US$ 3.40
40 35 30
Percentage
26.2
Current US$
25 20 15 10 5 0 1.75 2003 2.98 2004 2005 PB Ratio 12.75 7.5 2.65 2006 PE Ratio 2.93 2007 3.4 14.78 11.67 11.29 14.61
2.5 0
US$ 2.40
Q1 2008
24
Face value for 2003, 2004 equated to $0.27/ share Source: DFM, DIB Published accounts
Dividend payments
Steady growth in dividend payments to shareholders 2006 and 2007 dividend includes payment of bonus through shares of 7% and 15% respectively
Dividend Payment History
60% 50% 40% 40% 30% 20% 20% 10% 10% 0% 2002
25
55%
42%
15%
2003
2004
2005
2006
2007
DIB Shares
Share Trading on DFM
YTD Mar 2008
26.34 0.81
3.07%
$ 34.14
$ 2.49
7.29%
DFM Market Cap Value (USD Bio) DIB Market Cap Value DIB % of DFM Market Cap
26
The information provided in this presentation should not be used as a substitute for any form of advice. Decisions based on this information are for your own account and risk. Although DIB attempts to provide accurate, complete and up-to-date information, which has been obtained from sources that are considered reliable, DIB makes no warranties or representations, express or implied, as to whether information provided is accurate, complete or up-to-date.
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