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Full Year 2020 Results Presentation to Investors and Analysts

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Full Year 2020 Results Presentation to Investors and Analysts FULL YEAR 2020 RESULTS PRESENTATION TO INVESTORS AND ANALYSTS Disclaimer The information presented herein is based on sources which Access Bank The information should not be interpreted as advice to customers on the Plc. (the “Bank”) regards dependable. This presentation may contain purchase or sale of specific financial instruments. Access Bank Plc. bears no forward looking statements. These statements concern or may affect future responsibility in any instance for loss which may result from reliance on the matters, such as the Bank’s economic results, business plans and information. strategies, and are based upon the current expectations of the directors. Access Bank Plc. holds copyright to the information, unless expressly They are subject to a number of risks and uncertainties that might cause indicated otherwise or this is self-evident from its nature. Written permission actual results and events to differ materially from the expectations from Access Bank Plc. is required to republish the information on Access expressed in or implied by such forward looking statements. Factors that Bank or to distribute or copy such information. This shall apply regardless of could cause or contribute to differences in current expectations include, but the purpose for which it is to be republished, copied or distributed. Access are not limited to, regulatory developments, competitive conditions, Bank Plc.'s customers may, however, retain the information for their private technological developments and general economic conditions. The Bank use. assumes no responsibility to update any of the forward looking statements contained in this presentation. Transactions with financial instruments by their very nature involve high risk. Historical price changes are not necessarily an indication of future price trends. Investors are encouraged to acquire general information from Access Bank Plc. or other expert advisors concerning securities trading, investment issues, taxation etc. in connection with securities transactions. The information contained in this presentation is subject to, and must be read in conjunction with, all other publicly available information, including, where relevant any fuller disclosure document published by the Bank. Any person at any time acquiring the securities must do so only on the basis of such person’s own judgment as to the merits of the suitability of the securities for its purposes and only on such information as is contained in public information having taken all such professional or other advice as it considers necessary or appropriate in the circumstances and not in reliance on the information contained herein. The information is not tailored for any particular investor and does not constitute individual investment advice. 1 Introduction 2 Group Financial Highlights 3 Retail Performance Review CONTENTS 4 The Future of Access 5 FY 2021 Outlook and Targets 2020 Macroeconomic Highlights Q4’19 Q1’20 Q2’20 Q3’20 Q4’20 Comments ▪ GDP growth Rate in Q4 2020 (0.11%) was positive for the 2.27 1.87 0.11 first time since the Covid-19 outbreak, suggesting that the GDP growth -6.10 -3.62 rate, % economy made an exit from the Covid-19 and oil price induced recession ▪ The headline inflation rate maintained an upward trend to 15.8 15.8%, marking the 16th consecutive month of rising Inflation rate, 12.0 12.3 12.6 13.2 inflation as the coronavirus crisis led to a plunge in oil % prices, a weaker naira, rising food and transportation costs ▪ Crude Oil Prices continued the year’s upward trend to 68.0 $50.2/barrel, +122% since the year low of $22.6/barrel. This 50.2 is in view of the OPEC+ output cut deal and eased Oil price, 38.2 40.7 $/b 22.6 movement from the pandemic induced restrictions ▪ FX rates across the parallel and Interbank market have 460 465 470 increased steadily during the period due to the currency 362 360 adjustments done by the CBN. The parallel rate up 30% y/y USD exchange to stand at ₦470/$, while the interbank rate rose 10% y/y to rate, local currency 365 387 387 386 400 ₦400/$ Parallel Interbank ▪ Average 90 days T-bills rate continued to decrease significantly during the year to 0.4% as at December 2020. Money Market 4.7 2.5 ▪ Yield on government securities declined to a year low of rate, % 1.9 0.9 0.4 0.35%, following the restriction of OMO securities to banks and foreign investors. This is in addition to CBN’s decision to reissue only a portion of maturing OMO investments Source: CBN, National Bureau of Statistics (NBS), Financial Derivatives Company Limited (FDC), Business Monitor International (BMI) 4 2020 Regulatory Highlights • The Monetary Policy Committee (MPC) cut the MPR by 100bps to 12.5% • The CBN granted all CBN intervention facilities a further • The CBN approved regulatory forbearance for the restructuring moratorium of one (1) year on all principal repayments of credit facilities to Other Financial Institutions impacted by • The CBN reduced interest rate on all applicable CBN COVID-19 intervention facilities from 9 to 5% per annum • The FGN approved the suspensionDECEMBERof interest payment on debts • The Monetary Policy Committee (MPC) revised the CRR owed by state governments upwards from 22.5% to 27.5% Q1 Q2 • The CBN and Financial Reporting Council of Nigeria (FRC) • The FGN implemented the 7.5% Value Added Tax (VAT) released guidelines on the impact of COVID-19 on financial • The CBN approved regulatory forbearance for restructuring reporting of loans of Deposit Money Banks (DMBs) • The FGN removed fuel subsidy across the country • The Monetary Policy Committee (MPC) reduced the MPR • The CBN approved new license categorizations for the Nigerian by 100bps from 12.5% to 11.5% and adjusted the payments system asymmetric corridor from +200/-500 bps to +100/-700 bps • The CBN introduced its Special Bills as part of an effort to Q3 Q4 • The CBN reviewed the minimum interest payable on deepen the financial markets and avail the monetary authority Savings deposits subject to a minimum of 10% of Monetary with an additional liquidity management tool Policy Rate (MPR) per annum • The Monetary Policy Committee (MPC) retained all rates to • The CBN decided to restore payment of fees on the NCR sustain the trajectory of economic recovery platform, effective November 1, 2020 • BOFIA 2020 authorizes the CBN and the Nigeria Deposit • The CBN resumed gradual sales of foreign exchange to Insurance Corporation (NDIC) to establish fund to guarantee licensed Bureau De Change operators depositors’ fund safety 5 Access Bank’s Global network and scale (1) Large customer base Growing users on our digital channels 9.8mn unique 2,963 ATMs mobile app and 49,417 POS internet banking users 7.8mn USSD 675 Branches 58k+ Agents 82% users 40 Million+ customers Strong financial performance Significant gender diversity More than the population of 82% (47) of African countries ₦764.7bn ₦125.9bn 6,897 Superior service through four Revenue Profit before Tax Professional SBUs in 10 African countries, the Staff UAE, UK, and 3 rep offices in China, India and Lebanon 15.6% 20.6% 15.46% ROE CAR ratio Tier 1 ratio 53% 47% Corporate Commercial Business Retail 6 Access Bank’s Global network and scale (2) Nigeria Zambia Kenya Branches(#) 556 Branches(#) 8 Branches(#) 28 Employee(#): 5,515 Employee(#): 100 Employee(#): 105 United Kingdom Rwanda Mozambique Branches(#) 3 Branches(#) 8 Branches(#) 1 Employee(#): 144 Employee(#): 83 Employee(#): 69 Ghana Congo Branches(#) 52 Branches(#) 9 Employee(#): 698 Employee(#): 89 Sierra Leone Gambia Branches(#) 4 Branches(#) 6 Employee(#): 54 Employee(#): 40 Mumbai Sierra South Africa(1) Rep Offices Zambia Ghana Congo Rwanda United Kingdom Nigeria Gambia Kenya Mozambique Guinea(1) Beirut Leone Shanghai Dubai Branch (1) The subsidiaries in Guinea and South Africa to commence operation in 2021 7 Global recognition for continued Select 2020 Accolades strong business performance Africa’s Best Bank African Banker Agric Deal of the for SMEs of the Year – Year – Olam 2020 Credit rating Euromoney Awards for Herbert Wigwe Rice Farm Excellence winner Winner of the Winner of the African Banker African Banker AA- Best Digital Bank Awards Awards in Africa A1 A+ Asian Banker Awards Outstanding Best Bank in winner Business Nigeria Sustainability Winner of the EMEA 1st African Finance awards BBB Karlsruhe commercial bank Sustainable Finance to be granted Awards 2020 Best Issuing Sustainability Bank Partner, Certification Best Bank for Africa under the SSCI1 by the Investor IFC Global Trade EOSD1 Relations, Awards winner Nigeria Best Trade Finance Winner of the Global Most Innovative Provider, Nigeria Brand Awards Bank in Africa Global Finance Awards Winner of the EMEA winner Finance awards Moody’s Fitch Standard & Agusto & Co Poor’s2 1. Sustainability Standards & Certification Initiative; European Organization for Sustainable Development 2. Downgrade as a result of S&P sovereign downgrade which affected the entire banking industry in Nigeria 8 We have been globally recognized for our ESG contributions Social Environment Economic 35% 2,781,443 ₦15bn 25% 5.8mn 58,000+ women on the board staff volunteer hours raised in Green Finance. 1st decrease in Financial inclusion Financial inclusion Corporate to issue a Green electricity customers acquired in 2020 agents 25% 28,540,046 Bond in SSA consumption women in leadership lives impacted Launched the first corporate bond 273% 1,806 y/y growth in beneficiaries of Access9ijakids impact reporting, in Nigeria ₦10.25bn invested in Community financial inclusion initiative
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