Attijariwafa bank 2017 Group’s Profile Attijariwafa bank is a leading banking and financial Group in North Africa, WAEMU (West African Economic and Monetary Union) and EMCCA (Economic and Monetary Community of Central Africa). Network, customers & staff Financial highlights at 31 December 2017 Consolidated/IFRS at 31 December 2017 (+10.9%) 4,306 Branches Total assets 475.7 Billon MAD 3,407 Branches in Morocco (+10.0%) Net banking income 21.6 Billon MAD 290 Branches in North Africa (+16.5%) Net income Billon MAD 443 Branches in West Africa 6.6 96 agences en Afrique Centrale (+13.3%) Net income group share Billon MAD 5.4 Branches in Europe the Middle East 70 ROE (1) 14.9% NPL ratio 7.0 % and America ROA (2) 1.4% Coverage ratio 75.1% (3) employees Total Capital ratio 12.3% Cost-to-Income ratio 46.1% 19,754 Core Tier 1 Ratio (3) 9.7 % Cost of risk 0.72% 9.1 million customers (1) Net income / shareholders’ equity excluding net ncome (2) Net income / total assets (3) Data as of June 2017 Shareholding Structure Board of Directors at 31 December 2017 at 31 December 2017 47.9 % Mr. Mohamed EL KETTANI Chairman of the Board Mr. Antonio ESCAMEZ TORRES Vice-Chairman 0.7 % Mr. Mounir EL MAJIDI Director, Representing SIGER 5.3 % Mr. Hassan OURIAGLI Director, Representing SNI 29.1 % 17.0 % Mr. Abdelmjid TAZLAOUI Director Mr. José REIG Director Mr. Abed YACOUBI SOUSSANE Director Mr. Aldo OLCESE SANTONJA Director Independant SNI Group Domestic Institutions Free-float and others Mr. Manuel VARELA Director, Representing Santander Santusa holding s.l. Attijariwafa bank staff Mr. Aymane TAUD Director (Santander) Mrs. Wafaa GUESSOUS Secretary Committees issued from Board of Directors Permanent Strategic Group Risk Group Audit Appointment and members Committee Committee Committee Remuneration Committee* Mr. Mohamed EL KETTANI • • - • Mr. Hassan OURIAGLI • • - • Mr. Abdelmjid TAZLAOUI • - • - Mr. José REIG • • • • Mr. Mounir EL MAJIDI - - - • Mr. Abed YACOUBI - SOUSSANE - - • - (*) 3 sub-committees issued from «Appointment and Remuneration Commiittee» with different compositions depending on the prerogatives of each sub-committee. Breakdown of Consolidated Contribution to consolidated Net Banking Net Banking Income at 31 December 2017 Income by activity at 31 December 2017 Net Interest Income Banking in Morocco, Europe and Offshore zone (BMET) 59.6 % Net Fee Income International Retail Banking (IRB) Income from Market Activities Specialized Financial Companies (SFC) Net Income from Other Activities Insurance 50.1 % 0.2 % 6.5 % 32.5 % 18.0 % 10.9 % 22.1 % Breakdown of Moroccan Breakdown of International NBI Companies’ NBI at 31 December 2017 by Geography at 31 December 2017 NBI of Moroccan subsidiaries: MAD 3,842.4 million NBI SFC: MAD 2,404.0 million NBI IRB: MAD 7,183.4 million NBI Insurance: MAD 1,438.4 million Attijari Factoring To g o Wafa LLD Mauritania 2.1 % 2.3 % 1.7 % 5.0 % Mali 5.4 % Tunisia Wafa Immobilier Congo 20.9 % 8.3 % 5.2 % Wafabail Gabon 9.1 % Wafa Assurance 9.8 % 37.4 % Senegal Wafacash Cameroon 17.9 % 11.6% 10.8 % Wafasalaf Egypt 26.5 % 12.3 % Ivory Coast 13.6 % Attijariwafa bank’s share price performance Stock Market Indicators Attijariwafa bank vs MASI from 12/31/2011 to 02/13/2018 Attijariwafa bank 2015 2016 2017 Largest bank by market capitalization in Morocco: MAD 98.5 billion Price 338 413 484 at 31 December 2017. P/B 1.86x 2.06x 2.27x MASI ATTIJARIWAFA BANK PER 15.28x 17.67x 18.27x 135 Base 100 Dec. 11 2017 DY 3.26 % 2.91% 2.58% 2016 AWB : +17.2% 2015 AWB :+22.2% MASI : +6.4% MASI : +30.5% 2018 2014 AWB : -1.8% Number of Shares 203,527,226 203,527,226 203,527,226 MASI : -7.2% 110 2013 AWB : +12.8% AWB : +4.1% MASI : +5.6% MASI : +5.8% 2012 AWB : -2.6% MASI : -2.6% Market capitalization AWB : -10.6% 68,772 84,057 98,507 MASI : -15.1% (in million MAD) 85 60 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 An internationally - oriented Banking and Financial Group ... Europe Attijariwafa bank Europe Branches: 64 Market share: NA Attijari bank Tunisie Attijari bank Mauritanie Attijariwafa bank Egypt North Africa Branches: 207 Branches: 26 Branches: 56 Market share: 8.9 % Market share: 11.0 % Market share: 0.8 % EMCCA Société Commerciale Crédit du Congo Union Gabonaise de Banque Cameroun de Banque Branches: 55 Branches: 20 Branches: 21 Market share: 9.9 % Market share: 10.9 % Market share: 19.6 % WAEMU Compagnie Bancaire Crédit du Sénégal Banque Internationale Société Ivoirienne Banque Internationale de l’Afrique de l’Ouest pour le Mali de Banque pour l’Afrique au Togo Branches1: 99 Branches: 8 Branches: 80 Branches: 60 Branches: 12 Market share: 15.1 % Market share: 2.4 % Market share: 9.6 % PDM : 10.4 % Market share: 3.1 % Loan market share as of September 2017 except ABT (Dec-17) 1- including Burkina Faso, Niger and Benin. Representative offices (Tripoli, Riyadh, Abu Dhabi, Dubaï, London, Geneva and Montreal). ... Supported by best-in-class factories Wafa Assurance Wafasalaf Wafa Immobilier Wafabail Attijari Factoring Maroc Bank Assafa Branches: 336 Branches: 44 Branches: 57 Branches: NA Branches: NA Branches: 23 Market share: 20.8% Market share: 31.9 % Market share: 24.8 % Market share: 25.9 % Market share: 68.0 % Market share: NA Wafacash Wafa LLD Attijari Intermédiation Wafa Gestion Attijari Finances Corp. Wafa Courtage Branches1: 1,783 Branches: NA Branches: NA Branches: NA Branches: NA Branches: NA Market share: NA Market share: 18% Market share: 22.7 % Market share: 25.3 % Market share: NA Market share: NA 1-Excluding 184 branches in West Africa Loon market share as of December 2017 except Wafa Assurance (June-17) NA: Not applicable Financial Indicators +7% +5% +4% +10% +15% +7% +4% +11% 286.0 316.2 50.8 475.7 271.6 286.3 47.4 252.9 274.5 411.1 428.8 41.2 12/31/15 12/31/16 12/31/17 12/31/15 12/31/16 12/31/17 12/31/15 12/31/16 12/31/17 12/31/15 12/31/16 12/31/17 Customer Loans Customer Deposits Shareholders’ Equity Total Assets in billion MAD in billion MAD in billion MAD in billion MAD +4% +10% +3% +11% +7% +16% +6% +13% 21.6 6.6 26.5 19.0 19.7 11.7 10.5 23.4 10.2 5.3 5.7 22.1 2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017 (1) Net Banking Income Gross Operating Income Net Income Earning per share in billion MAD in MAD in billion MAD in billion MAD +6% +4% -0.13 pt +0.02pt -0.1pt -0.1pt +0.5 pt +2.7 pts 7.1 75.1 21.0 0.83 7.0 7.0 71.9 72.4 20.1 0.70 19.0 0.72 12/31/15 12/31/16 12/31/17 12/31/15 12/31/16 12/31/17 12/31/15 12/31/16 12/31/17 12/31/15 12/31/16 12/31/17 Non Performing Loans Cost of Risk NPL Ratio Coverage Ratio in billion MAD in % in % in % (1) Net Income Group Share / Number of Shares Rating Fitch Rating July 2017 Standard & Poor’s December 2017 Moody’s July 2017 Long-term BB+ Long-term BB Long-term Ba2 Short-term B Short-term B Short-term NP Long-term in local currency AA-(mar) Outlook stable Outlook Positive Outlook stable Headquarter 2, boulevard Moulay Youssef, 20000 Casablanca, Maroc Phone: +212 (0) 5 22 29 88 88 Fax: +212 (0) 5 22 29 41 25 www.attijariwafabank.com http://ir.attijariwafabank.com Financial Information and Investor Relations: Ibtissam ABOUHARIA E-mail : [email protected] [email protected].