Financial Performance –Year Ended 31 December 2019

Presentation to Investors and Analysts

12 February 2020

Disclaimer

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PRESENTATION DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. This

presentation has been prepared by Ahli United Bank B.S.C (the “Bank” or “Group”).

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The information in this presentation and the views reflected therein are those of the Bank and are subject to change without notice. All

information are provided to assist the recipients in the evaluation of the matters described herein. They may be based on subjective

assessments and assumptions and may use one among alternative methodologies that produce different results and, to the extent that

they are based on historical information, they should not be relied upon as an accurate predictions of future performance. These

materials are not intended to provide the basis for any recommendation that any investor should subscribe for or purchase any

securities.

This presentation does not disclose all the risks and other significant issues related to an investment in any securities/transaction.

Past performance is not indicative of future results. The Bank is under no obligation to update or keep current information contained

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assume any obligation to update its view of such risk and uncertainties or to publicly announce the results of any revision to the

forward-looking statements made herein.

1

Agenda

1. Financial Performance – Year Ended 31 December 2019

2. Q&A Session

2

Financial Highlights

Solid Operating Performance3

697.5

730.5

650

670

690

710

730

750

2018 2019

Annual NPAT(US$ MM)

+4.7%

279.1

301.0

250

270

290

310

Q4 2018 Q4 2019

Net Operating Income - Q4 (US$ MM)

+7.8%

169.3 172.1

100

120

140

160

180

Q4 2018 Q4 2019

NPAT -Q4(US$ MM)

+1.7%

1,124.3

1,181.1

1,060

1,090

1,120

1,150

1,180

2018 2019

Net Operating Income (US$ MM)

+5.1%

940.5

951.5

900

910

920

930

940

950

960

2018 2019

Net Interest Income (NII) (US$ MM)

+1.2%

Operating Performance

Risk Diversified NII Growth 4

2.88%

2.62%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

2018 2019

Net Interest Margin (NIM) %

19,504.0

20,742.4

18,500

19,000

19,500

20,000

20,500

21,000

2018 2019

Loans & Advances (US$ MM)

+6.3%

7,568.5

9,133.9

2,000

4,000

6,000

8,000

10,000

2018 2019

Non-Trading Investments(US$ MM)

+20.7%

Key Performance Indicators

* EPS adjusted for bonus share issue of 10%

Strong KPIs 5

Financial Indicators KPIs 2018 2019

Return on Average Tangible Equity (ROATE) 20.9% 20.2%

Return on Average Equity (ROAE) 18.1% 17.7%

Return on Average Assets (ROAA) 2.2% 2.1%

C/I Ratio 27.1% 28.6%

EPS (US Cents) * 7.6 7.9

Gross NPL Ratio 1.9% 1.9%

SP Coverage Ratio 85.5% 85.9%

Total Provision Coverage Ratio 214.7% 185.6%

Total Capital Adequacy Ratio 16.9% 16.4%

CET 1 Ratio 13.3% 13.1%

Tier 1 Ratio 15.2% 14.9%

Income Statement

Record Performance6

US$ MM 2018 2019 Var %

Net Interest Income 940.5 951.5 1.2%

Fees and Commissions 128.9 127.3 (1.2%)

Trading, Investment Income & Others 141.1 156.7 11.0%

Operating Income 1,210.5 1,235.5 2.1%

Provision for Credit Losses (86.2) (54.4) 36.9%

Net Operating Income 1,124.3 1,181.1 5.1%

Operating Expenses (328.2) (353.8) (7.8%)

Tax Expense & Zakat (43.8) (38.5) 11.9%

NPAT to Non-controlling Interests (54.8) (58.3) (6.4%)

NPAT to the Owners of the Bank 697.5 730.5 4.7%

Key Balance Sheet Profile

Diversified Growth 7

US$ MM 2018 2019 Var %

Loans and Advances 19,504.0 20,742.4 6.3%

Non-Trading Investments 7,568.5 9,133.9 20.7%

Total Assets 35,507.6 40,280.1 13.4%

Deposits from Banks 3,752.8 5,023.9 33.9%

Borrowings Under Repos 1,832.1 2,891.5 57.8%

Customers' Deposits 23,660.0 25,518.1 7.9%

Total Deposits 29,245.0 33,433.6 14.3%

Shareholders' Equity 3,908.7 4,265.5 9.1%

Capital Adequacy

Optimal & Diversified 8

US

$M

M

3,369 3,349 3,652 3,826 4,047

407 574 564

560 563

612 543 514

499 478 4,388 4,466

4,730 4,885 5,087

16.7%17.1% 17.0% 16.9%

16.4%

12.5% 12.5% 12.5% 12.5% 12.5%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2015 2016 2017 2018 2019

CET1 AT1 Tier2 Total CAR % Min CAR %

Appendix I – Profitability Trends

Steady Trends 9

537.2 570.6

618.7 697.5

730.5

1.7% 1.8% 2.1% 2.2% 2.1%

19.2% 18.6% 19.0%

20.9%20.2%

15.6% 15.6%16.5%

18.1% 17.7%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

0

150

300

450

600

750

900

2015 2016 2017 2018 2019

NP

AT

US

$ M

M

ROAA % ROATE % ROAE %

Appendix II – Operating Trends

Solid Operating Parameters 10

1,092

1,145 1,119

1,211 1,236

919

987

1,030

1,124

1,181

28.3%27.6%

28.8%

27.1%

28.6%

7.0%6.9%

5.8% 5.5%4.7%

1.0%

5.0%

9.0%

13.0%

17.0%

21.0%

25.0%

29.0%

220

420

620

820

1,020

1,220

1,420

2015 2016 2017 2018 2019Gross Operating Income Net Operating Income

C/I Ratio % Effective Tax Rate %

US

$M

M

Appendix III – Asset Quality

Sustained Asset Quality & Robust Coverage 11

1.8%

2.3%

1.9% 1.9% 1.9%

84.6% 84.9% 85.1% 85.5% 85.9%

181.9%

155.6% 154.3%

214.7%185.6%

50.0%

70.0%

90.0%

110.0%

130.0%

150.0%

170.0%

190.0%

210.0%

230.0%

0.5%

1.0%

1.5%

2.0%

2.5%

2015 2016 2017 2018 2019

NPL / Gross Loans SP Coverage Total Coverage

Q&A Session

12