Investor Presentation May 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 6.7% (1) and assets totaling QR93.6bn • Doha Bank has a strong domestic franchise with the 2nd largest retail footprint with 27 local branches, 9 e-branches including pay offjces, 1 1 Qatar active mobile unit and around 110 ATMs as at 31 st March 2018 2 Dubai - UAE 3 Abu Dhabi - UAE 4 Kuwait City - Kuwait 20 • Doha Bank has one of the largest international networks of the Qatari 5 Mumbai - India 6 Kochi - India 7 Chennai - India banks through branches located in UAE (Dubai and Abu Dhabi), Kuwait 21 8 London - UK 9 Frankfurt - Germany and India (Mumbai , Chennai & Kochi) and representative offjces in 10 Istanbul - Turkey 11 Singapore 12 Shanghai - China United Kingdom, Germany, Turkey, Singapore, China, South Korea, 13 Seoul - S. Korea 14 Tokyo - Japan 15 Hong Kong - China Japan, Hong Kong, Australia, South Africa, UAE (Sharjah), Canada, Sri 16 Sydney - Australia 17 Toronto - Canada Lanka and Bangladesh 18 Sharjah - UAE 19 Johannesburg - South Africa 20 Dhaka - Bangladesh 21 Colombo - Sri Lanka • Doha Bank, leveraging its network, has a strong market presence in contract fjnancing (28% market share), trade loans (16% market share) Diversified shareholder base and strong support and real estate (12% market share) and has been fast growing (9% net loans CAGR since 2008) 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 / BBB+ / A / A+ by Moody’s, S&P, Fitch and Capital Intelligence respectively 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 March 2018 1
Significant player in a fast growing banking sector Net Loans (QRbn) - March -2018 Total Deposits (QRbn) - March -2018 QNB 597.8 QNB 604.0 QIB 104.6 QIB 102.3 CBQ 92.7 CBQ 79.3 Rayan 72.3 Rayan 62.7 Doha Bank 59.9 #3 position* #3 position* Doha Bank 59.3 Ahli 30.3 Ahli 24.1 0 50 100 600 0 50 100 610 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) 823 822 % % 4 937 4 1 1 911 727 : : 8 ) 8 ) 1 1 0 844 0 2 2 1 1 Q Q 650 - - 8 753 8 0 0 2 0 2 0 ( ( 601 R R G G A A 548 C C 653 578 458 510 364 404 307 314 247 270 212 243 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Q1-18 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Q1-18 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 13.7% 15.0% S&P / Aa3 (Negative) by Moody’s 5.0% Qatar has the 3 rd largest reserves of natural Gas reserves: gas in the world (2) -1.9% -1.1% -5.0% -6.0% Oil reserves: 25.2bn barrels of proven oil reserves (2) -9.2% -15.0% 2014/15 2015 2016* 2017** 2018*** Surplus of 1.3% in 2017 (1) and 2.5% in Current account balance: Source: QCB annual reports & QCB Quarterly Statistic Bulletins 2018 (1) of nominal GDP Note: The above data until 2014/15 is for the fiscal year from 1 April – 31 March ** Estimates as per IMF 2018 Article IV Mission with Qatar March 2018 Forecasted real GDP growth: 2.1% in 2017 (1) and 2.6% in 2018 (1) *** Qatar Budget 2018 Population: 2.68 million as at 31 March 2018 (4) With US$66,202 in 2018 Qatar is one of the Government revenues (QRbn) GDP per capita: wealthiest countries in the world (1) 400 250 Government fjscal position: Estimated defjcit of 1.1 % of GDP in 2018 (3) 27 300 40 200 Government gross debt: QR370.36bn(55.35% of GDP) in 2018 (1) 65 150 Signifjcant investments in the run up to hosting Signifjcant future 200 322 the 2022 FIFA World Cup and achieving the 13 government & infrastructure 100 28 2030 Qatar National Vision (e.g. gas projects, 287 spending: 100 171 219 airport, rail, infrastructure, housing) 50 133 Pegged to the U.S. dollar since 1980 Currency: 0 0 2012/13 2013/14 2014/15 2015* 2016 Oil & Gas revenues** Miscellaneous Transferables revenues WTI Crude Oil Price ($/brl) Source: 1. IMF World Economic Outlook Database (April 2018) Source: Government revenues: QCB annual reports & WTI Crude oil Price: Bloomberg report - March 2018 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 (March 2018) ** Oil & Gas Revenue includes investment revenue transferred from Qatar Petroleum. Qatar enjoys one of the highest GDP per capita at US$ 66,202 in 2018 (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 (cubic meters bn) Infrastructure projects in Qatar Iran 18.0% 250 Others • QF - Education City (2019) 29.8% 204.8 200 #2 • NDIA - Hamad International Airport (2020) 150 UAE Russia 124.5 • ASHGHAL - Expressway Programme (2020) 116.1 3.3% 17.3% 100 • FIFA World Cup Football Stadiums (2020) 82.5 Saudi Arabia 4.5% 53.1 • UDC - Pearl Qatar (2020) 50 US Qatar 4.7% • Msheireb Properties - Msheireb Downtown Doha (2020) 13.0% #3 Turkmenistan 0 9.4% Russia Qatar Norway Canada Netherlands • QP - Bul Hanine Field Redevelopment Project (2021) • LREDC - Lusail Development (2022) Source: British Petroleum Statistical Review of World Energy (June 2017) • QatarGas - Barzan Gas Development (2023) • NPP - Hamad Port (2025) Development of GDP composition 2012–2016* • Barwa Real Estate - Barwa Al Khor Development (2025) • Manateq - Qatar Economic Zone (2025) 2012 2016* • QRAIL - Qatar Integrated Rail Project (2026) 9.5% 4.7% 5.8% • Kahramaa - Water Security Mega Reservoirs (2026) 3.6% 8.7% 30.3% 5.4% 2022 FIFA World Cup 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% circa 20% of Qatar’s current population 9.0% 3.3% 10.5% 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 (%) 937 369 159 135 126 76 39 6.9% 1.4% 4.9% 11.6% 6.7% 15.6% 27.7% Government Total loans Real estate loans Services Retail loans Trade loans Contract loans fjnancing Doha Bank market share as of 31 March 2018 Loan market size as of 31 March 2018 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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