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ACCESS BANK PLC DECEMBER 2009 FULL YEAR and FIRST QUARTER 2010 RESULTS PRESENTATION Outline

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ACCESS BANK PLC DECEMBER 2009 FULL YEAR and FIRST QUARTER 2010 RESULTS PRESENTATION Outline ACCESS BANK PLC DECEMBER 2009 FULL YEAR AND FIRST QUARTER 2010 RESULTS PRESENTATION Outline About Access Bank Operating Environment 9 Months (December 2009) Performance Review Q1 March 2010 Performance review Ongoing Strategic Initiatives 2 December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION Access Group – Fact Sheet United KingdomUnited Parent Company : Access Bank Plc registered in Nigeria as Kingdom a Universal bank and commenced operations Access Bank Group in May 1989 OmniFinance Bank Access Bank 75% 88% No of Employees : Over 2000 Professional staff Gambia Cote d’Ivoire Access Bank Access Bank 85% 75% Listing : Ordinary Shares & 3 years Convertible Bond Sierra Leone Zambia listed on NSE; Several International GDR The Access Bank Access Bank 100% 100% Holders. Paper traded OTC in London Rwanda UK FinBank 79% 100% Access Bank (RD Auditors : KPMG Professional Services Burundi Congo) Access Homes & 100% 75% Access Bank Credit Rating : A- / B+/ BB/ BBB- Mortgage Ghana (GCR/S&P/Agusto/Fitch) United 100% Access Securities 75% Investments & Securities Partners : Focus Client Segments Institutional (& Public Sector) Awards & Recognitions : 2007 Award of Recognition for “Innovation in Middle Market Trade Structures” 2008 Award of Recognition for “Best Network Distributors & Professionals Banks” Key Industry Segments : Telecoms, Food & Beverages, Cements, Oil & Treasury Gas and Financial Institutions Cash Management Channels : 131 Business Offices Trade Finance 216 ATMs, 204 POS, Call Centre Cards & Payment Services 3 Non-Banking subsidiaries; 9 Banking subsidiaries Asset Mgt. & Custodial Services Capabilities Key Relationship Management Geographical Coverage : Africa and Europe Banking subsidiaries in all monetary zones in Africa December 31, 2009 3 2009 FULL YEAR RESULTS PRESENTATION Board & Management Expertise Our Management Team possesses the requisite skills and experience required to emerge as Winners in a challenging operating environment. Grade Number Cumulative Average Key Institutions Prior to Years of Years of Joining Access Bank Experience Experience Executive Directors 6 126 21 Guaranty Trust Bank Plc Citigroup Non Executive Directors 8 231 28 Citigroup Guaranty Trust Bank General Electric Total Exploration Assistant General Managers, Deputy General Managers, & Guaranty Trust Bank Plc General Managers 53 934 18 Citigroup ING Zenith Bank Plc Managers & Guaranty Trust Bank Plc Senior Managers 93 1116 12 Citigroup United Bank for Africa Diamond Bank Plc Zenith Bank Plc 4 December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION Access Bank’s Value Chain Model Trade Finance provides trade finance Retail Bank provides Employees with liability services including Letters of credit, products, alternative channels, Institutional Guarantees, and financing Relationship Management services to arrangements for importers and institutional clients exporters. Family Members Suppliers Bus. Owners Employees Employees Customers Large Suppliers Customer Family Members Employees LARGE Government Management Suppliers CORPORATE Employees Employees Large Shareholders Family Members Distributors Suppliers Employees Private Banking & Wealth Management Bus. Owners Subsidiaries will provide investment products and personalized services Commercial Banking will provide credit, and Institutional Banking develops customer Trade Finance works extensively with large other services to middle market player in the propositions such as e-banking for corporate Corporate Customers such as value chain customers and other cash management products Oando, Glencore, and MTN Focusing on Institutional clients, affords Access Bank certain key benefits: It provides a clear focus for the Bank on the larger economic entities in the country with the greatest account turnover and potential returns; It provides a cost-efficient means of banking the entire value chain of a large corporate, once a relationship with decision- makers in the corporate is secured; It leverages the bank’s existing competencies and key relationships in the corporate community It enables the development of a deep understanding of client businesses and industry segments; a competitive edge which can be leveraged across the entire Access Bank group; It strengthens corporate relationships through banked stakeholders who serve as advocates for the Bank Page 5 5 December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION One Bank Strategic Framework INTERNATIONAL Client Relationship Management Compliance & Control Operations & Processes Monitoring INTERNAL Sales & Marketing e Corporat Reporting High Middle Information Technology Products & Services Low Architecture EXTERNAL Performance Channels Governance Risk Management Branding & Communication Human Resources Management LOCAL ENTITIES Services Capabilities Policies The One Bank strategy is driven from the verge to internationalize our business and the quest for a collaborative delivery model across geographies The One Bank framework harnesses opportunities of shared services across the Bank’s footprints to increase operational efficiency The model is hinged on refocusing the bank towards promoting seamless transaction support to all the Bank’s corporate global clients across the network Increase presence and share of wallet of corporate customers in Africa and globally. To be a “win-win” solution for both the bank and customers 6 December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION Outline About Access Bank Operating Environment 9 Months (December 2009) Performance Review Q1 March 2010 Performance review Ongoing Strategic Initiatives 7 December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION Operating Environment Access bank is developing a growing footprint within Africa, predominantly within the sub- Sahara Africa region, however Nigeria remains the key market Regional observations • Population : c. 638m (2009) Nigeria • GDP per capita (2009) Key GDP driver: Oil GDP CAGR (2007-09): (0.2%) Forecasted GDP CAGR (2010 -14): 7.8% • Expected growth in Gambia GDP/Capita (2010-14) 4.6% Key GDP driver: Agriculture GDP CAGR (2007-09): (5.6%) Forecasted GDP CAGR (2010 -14): 5.6% • Key trading partners: Europe, US, China, India Ivory Coast Key GDP driver: Oil GDP CAGR (2007-09): (0.2%) • Natural resources and key Forecasted GDP CAGR (2010 -14): 7.8% industries: oil, metals and Sierra Leone minerals, foodstuffs Key GDP driver: Minerals, Agriculture and fishery • Very high – high political GDP CAGR (2007-09): (11.4%) Forecasted GDP CAGR (2010 -14): 7.0% instability index Zambia Key GDP driver: Minerals GDP CAGR (2007-09): 6% GDP Growth Forecasted GDP CAGR (2010 -14): 7% Ghana Key GDP driver: Minerals Historical GDP Forecasted GDP GDP CAGR (2007-09): 7.5% CAGR Forecasted GDP CAGR (2010 -14): 9.5% CAGR 5.2% 7.7% Rwanda 2007 - 2009 2010 - 2014 Key GDP driver: Coffee GDP CAGR (2007-09): 11.2% Forecasted GDP CAGR (2010 -14): 7.5% United Kingdom D.R. Congo Key GDP driver: Manufacturing Historical FDI Key GDP driver: Agriculture GDP CAGR (2007-09): 0.7% CAGR GDP CAGR (2007-09): 6.5% Forecasted GDP CAGR (2010 -14): 4.4% Forecasted GDP CAGR (2010 - 5.2% 14): 1.6% 2007 - 2009 Sources: IMF, BMI 8 December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION Snapshot of Nigeria Economy $43.2 $42.70 Foreign $47 Reserve $42.5 $’Bn $44 $43.34 $42.43 $42.02 $90.47 $85.39 $81.16 $69.80 $80.50 $81.26 $69.69 $73.75 $52.89 Oil price 14.4% 12.88% 12.70% Inflation 12.83% 11.8% 12.55% 11.2% 12.% 10.6% 8.5% 7.2% 7.4% 7.2% 8.3% 7.0% GDP 4.5% 6.7% March June September December March June Sept. Dec. 2009 2010e Sources:CBN, Access Bank December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION 9 Formal Sector Relationship with Banking Industry Liquidity from oil revenues and foreign investments found its way into the banking sector and the stock market, not much into the real economy, creating the conditions for an asset bubble Commercial Infrastructure establishmen development t Nigerian Payments & Oil Roads Oil industry govt. wages revenue Retail Housing investors Private sector deposits Govt. Investments in deposits Banking stock Retail Margin investors Lending to Oil & lending Gas sector Foreign Equity issues Commercial banks NSE investor s Margin Portfolio lending Broker/ Investments Dealers Investments in Banking stock Commercial Private lending deposit Private sector deposit Real economy Retail Foreign investors Manufacturing investment Foreign direct Payments & investment wages Commercial Agriculture establishme nt Source: CBN 10 December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION Nigeria Economy Ranking Weaknesses Strengths • Nigeria is ranked 13 th in • Limited access to financing • Macroeconomic stability Africa • Inadequate infrastructure • Market size • 99 th in the world representing a fall in • Corruption and political • Financial market competitiveness (2008/2009: instability sophistication 94 th ) • Poor public health and living • Low national debt • Classified as a factor-driven standards economy • Inefficient government bureaucracy • Weak institutions capacity December 31, 2009 2009 FULL YEAR RESULTS PRESENTATION 11 Nigerian Banking Sector – Trends and development Regulatory •Financial Stability : Near term focus will be to de-risk the banks and recapitalize the 10 government – supported banks. The CBN seeks to improve risk management and corporate governance structures of banks to ensure a sustainable banking system •Improving bank intermediation: is focused on improving monetary transmission, easing credit flow and developing the payment system • Establishment of the AMC
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