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Second Quarter 2025 Investor Presentation ABU DHABI COMMERCIAL BANK PJSC Investor presentation adcb.com/ir September 2025
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Second Quarter 2025 Investor Presentation This presentation is not an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information only. This presentation does not contain all of the information that is material to an investor. By reading the presentation slides you agree to be bound as follows: This presentation has been prepared by Abu Dhabi Commercial Bank PJSC (“ADCB”), is furnished on a confidential basis and only for discussion purposes, may be amended and supplemented and may not be relied upon for the purposes of entering into any transaction . The information contained herein has been obtained from sources believed to be reliable but ADCB does not represent or warrant that it is accurate and complete . The views reflected herein are those of ADCB and are subject to change without notice. All projections, valuations and statistical analyses are provided to assist the recipient 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 prediction of future performance . No action has been taken or will be taken that would permit a public offering of any securities in any jurisdiction in which action for that purpose is required . No offers, sales, resales or delivery of any securities or distribution of any offering material relating to any such securities may be made in or from any jurisdiction except in circumstances which will result in compliance with any applicable laws and regulations . This presentation does not constitute an offer or an agreement, or a solicitation of an offer or an agreement, to enter into any transaction (including for the provision of any services) . No assurance is given that any such transaction can or will be arranged or agreed. Before entering into any transaction, you should consider the suitability of the transaction to your particular circumstances and independently review (with your professional advisers as necessary) the specific financial risks as well as the legal, regulatory, credit, tax and accounting consequences . This presentation may include forward -looking statements that reflect ADCB's intentions, beliefs or current expectations . Forward -looking statements involve all matters that are not historical by using the words "may", "will", "would", "should", "expect", "intend", "estimate", "anticipate", "believe" and similar expressions or their negatives . Such statements are made on the basis of assumptions and expectations that ADCB currently believes are reasonable, but could prove to be wrong. The inclusion of such forward -looking statements shall not be regarded as a representation by ADCB or any other person that ADCB’s objectives will be achieved . ADCB undertakes no obligation to update or publicly announce revisions to any forward -looking statements, except where it would be required to do so under applicable law. This presentation is for the recipient’s use only. This presentation is not for distribution to retail clients . In particular, neither this presentation nor any copy hereof may be sent or taken or distributed in the United States, Australia, Canada or Japan or to any U.S. person (as such term is defined in Regulation S under the U.S. Securities Act 1933, as amended (the “Securities Act”)), except pursuant to an exemption from the registration requirements of the Securities Act. If this presentation has been received in error it must be returned immediately to ADCB. Accordingly, this presentation is being provided only to persons that are (i) "qualified institutional buyers" within the meaning of Rule 144A under the Securities Act or (ii) not "U.S. persons" within the meaning of Regulation S under the Securities Act. By accepting the delivery of this presentation, the recipient warrants and acknowledges that it falls within the category of persons under clause (i) or (ii). No representation can be made as to the availability of the exemption provided by Rule 144 for re-sales of any securities offered by or guaranteed by ADCB. No securities offered by or guaranteed by ADCB have been recommended by, or approved by, the United States Securities and Exchange Commission (the “SEC") or any other United States federal or state securities commission or regulatory authority, nor has any such commission or regulatory authority passed upon the accuracy or adequacy of this presentation . This document does not disclose all the risks and other significant issues related to an investment in any securities/transaction . Prior to transacting, potential investors should ensure that they fully understand the terms of any securities/transaction and any applicable risks. This document is not a prospectus for any securities . Investors should only subscribe for any securities on the basis of information in the relevant prospectus and term sheet, and not on the basis of any information provided herein . This presentation is being communicated only to (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, or (iii) those persons to whom it may otherwise lawfully be distributed (all such persons together being referred to as “relevant persons”). This presentation is communicated only to relevant persons and must not be acted on or relied on by persons who are not relevant persons . Any investment or investment activity to which this presentation relates is available only to relevant persons and will be engaged in only with relevant persons. By accepting this document you will be taken to have represented, warranted and undertaken that (i) you are a relevant person (as defined above); (ii) you have read and agree to comply with the contents of this notice; and (iii) you will treat and safeguard as strictly private and confidential all such information and take all reasonable steps to preserve such confidentiality . Disclaimer 2
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Second Quarter 2025 Investor Presentation 1. ADCB overview 2. UAE – Economic landscape and competitiveness 3. Financial highlights 4. Digital & ESG highlights 5. Summary and 5 -year guidance 6. Appendix 04 08 14 36 40 42
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Second Quarter 2025 Investor Presentation
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Second Quarter 2025 Investor Presentation 5 Third-largest bank by total assets in the UAE Total assets (AED) 719 bn +17% YoY 5.942 bn H1’25 profit before tax (AED) +18% YoY ADCB at a glance ADCB OVERVIEW 2.3 mn+ Total number of retail customers(4) 77% Total domestic loans 47 ADCB UAE branches 50 ADCB Egypt branches 3 Al Hilal Bank UAE 2 ADCB Kazakhstan (1) As at 04 September 2025 (2) The Government of Abu Dhabi entity Mubadala Investment Company through its wholly -owned subsidiary, One Hundred and Fourteenth I nvestment Company – Sole Proprietorship LLC and One Hundred and Fifteenth Investment Company – Sole Proprietorship LLC (3) Based on latest statistics published by UAE Central Bank as at May 2025, UAE banking operations only (4) Total number of retail customers for ADCB UAE only Domestic investors: 19.49% Foreign investors: 19.82% Shareholding structure(1) Mubadala (2): 60.69% Second Quarter 2025 Investor Presentation 16.9% Market share — loans(3) 14.6% Market share — deposits (3) 5
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Second Quarter 2025 Investor Presentation Abu Dhabi Commercial Bank PJSC's (ADCB's) strategic balance -sheet derisking over the past four years has strengthened its resilience to economic cycles and unexpected stresses. The Bank’s asset quality will continue to benefit from the strengthening of its risk management culture and control framework over the past four years. We view these improvements, along with a more contained risk appetite, as enduring and therefore positioning the Bank to better navigate economic cycles . Sound earnings generation and high capital retention still underpin ADCB’s capitalisation, which we view as a key rating strength. 6 Note: These quotes are excerpts from S&P, Fitch, MSCI and Sustainalytics rating reports, and are qualified by the full report s which investors should refer to credit ratings may not reflect all risks and are subject to change at any time Abu Dhabi Commercial Bank PJSC’s (ADCB) Issuer Default Ratings (IDRs) reflect potential support from both the UAE (AA -/Stable) and Abu Dhabi (AA/Stable) authorities, as reflected in its Government Support Rating (GSR) of ‘a+’. This reflects the authorities’ strong ability for, and record of, supporting the banking system, if needed. ADCB’s Viability Rating (VR) reflects the bank’s strong domestic franchise, good funding and liquidity and improved asset -quality metrics, counterbalanced by accelerated lending growth, predominately in lower risk segments, and only -adequate capitalisation. The increased proportion of GRE and public sector lending in combination with reduced real estate exposure is positive for ADCB’s risk profile. “ “ A+/Stable/A -1 14 March 2025 A+/F1/Stable 19 February 2025 AA 20 September 2024 14.3 Low Risk November 2024 “ “ “ “ Strong financial performance and ongoing proactive engagement is driving ratings strength ADCB’s overall ESG -related disclosure follows best practice, signalling strong accountability to investors and the public. The company's ESG - related issues are overseen by the board executive committee, suggesting that these are integrated in core business strategy. ADCB also has a very strong programme in place to manage product governance, which includes social impact and risk assessments for new product development and managerial oversight for responsible product offering and marketing. The company has a very strong programme in place to manage data privacy and security issues. It conducts regular employee training on data privacy and security issues, which are overseen by the bank’s data privacy office. Credit ratings ESG ratings “ “ ADCB has been upgraded to ‘AA’ from ‘A’ – new disclosures indicate, like leading peers, it has escalation procedures to conduct improved ESG due diligence to address risks tied to its lending. Low to moderate portion of the company’s financing activities exposed to environmentally - intensive sectors. Escalation mechanisms to address high environmental risk in lending activities appear to exceed industry standard practices. ADCB leads industry peers on privacy management, backed by penetration tests and a data breach notification plan. ADCB leads most global peers in business ethics practices. It provides ethics training to all permanent employees and has detailed policies against corruption. “ “ “ “ “ “ “ “ “ “ “ “ “ “ “ “ “ “ ADCB OVERVIEW Credit rating upgraded from A+/Stable/A-1 on 14 March 2025
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Second Quarter 2025 Investor Presentation ADCB 3-year journey: key financial metrics 7 12.96% 12.86% 12.56% 15.77% 16.22% 16.13% 2022 2023 2024 CET1 Capital adequacy ratio Robust capital ratios 0.76 0.79 0.58 2022 2023 2024 Improved asset quality (cost of risk %) Note: CAGR calculations are from 2022 to 2024 (1) Net of loss on discontinued operations, as applicable (2) Bloomberg calculation assumes total return without reinvestment of dividends Balance sheet of AED 653 bn, reflecting robust growth in loans & deposits (AED bn) AED 10 bn milestone reached one year ahead of internal target 3 Year TSR(2) of 88% with share price +73% 8.00 14.00 Sept’23Sept’22 14.76 8.55 AED 34.1% 32.3% 31.0% 2022 2023 2024 Disciplined cost management (310 bps decline in C:I ratio) NPL ratio at historical lows 5.25% 3.73% 3.04% 2022 2023 2024 NPL ratio 93.0% 102.5% 110% Increased non-interest income, enabling effective capital deployment 29% 27% 32% 2022 2023 2024 Non-interest income contribution to operating income 6.6 8.4 10.6 2022 2023 2024 Profit before tax (1) (AED bn) AED 9.4 bn post tax CAGR: +27% 11.7% 13.6% 15.3% Net loans and advances Total deposits 258 302 351309 363 421 2022 2023 2024 Net loans and deposits CAGR +17% 498 567 653 Total assets (AED bn) Creating significant shareholder value 0.37 0.56 0.59 0.18 2022 2023 2024 0.55 Dividend per share (AED) cash stock Book value per share (AED) 7.97 8.54 9.13 ADCB 3-YEAR JOURNEY Second Quarter 2025 Investor Presentation Return on average equity (before tax) Provision coverage ratio 4 Sept ’25Sept’24 10.00 12.00 12-month TSR(2): 77%
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Second Quarter 2025 Investor Presentation
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Second Quarter 2025 Investor Presentation UAE’s roadmap for a future based economy76% Non-oil GDP contribution (1) Strong access to capital supported by a conducive economic environment Tourism Construction Financial services Healthcare Education Logistics Refer to slide 25 for further details c.4.7% 2025 GDP growth projection ( CBUAE) 2nd globally FDI inflows in 2024 (2) (USD 45.6 bn, +47% YoY) 3rd largest Sovereign wealth fund in the world (3) according to the Global SWF Mubadala drove 20% of sovereign wealth fund investments in 2024 (5) 9 ADCB well positioned to expand in the UAE and leverage opportunities for growth Proactive government frameworks and strategic initiatives Strong economic growth UAE residency and citizenship reforms Golden Visa (10 year): For investors, researchers, entrepreneurs, specialised professionals, creative talent and outstanding students Green Visa (5 year): For freelancers, self - employed and skilled employees Blue Visa (10 year): For exceptional contributors towards the environment’s protection and sustainability (1) https://gulfnews.com/business/banking/uae -gdp-hits-dh1776 -trillion -in-2024- driven -by-5-growth -in-non-oil- sectors -1.500164247 (2) World Investment Report by United Nations Conference on Trade and Development (UNCTAD) (3) https://www.thenationalnews.com/business/economy/2025/07/05/uae -secures -third -spot -on-global -sovereign -wealth -fund-ranking/ (4) https://www.wam.ae/en/article/biewdq0 -adgm -sees -245- growth -assets -under -management -2024 (5) https://www.forbesmiddleeast.com/industry/business/mubadalas -2024-investment -activity-increases -to-%24292b -surpassing -saudis-pif (6) https://www.futurepossibilitiesindex.com/ UAE – ECONOMIC LANDSCAPE AND COMPETITIVENESS Emirati interplanetary mission Dubai 2040 Urban Master Plan Environment Vision 2030 Dubai Clean Energy Strategy Surface Transport Master Plan Centennial Plan 2071 Plan Abu Dhabi 2030 Food Security Strategy 2051 Abu Dhabi Transportation Mobility Management Strategy Abu Dhabi Police Centennial Vision 2057 Emirates Lunar Mission RAK Energy Efficiency and Renewable Energy Strategy 2040 Abu Dhabi Economic Vision 2030 UAE Energy Strategy 2050 Mohammed bin Rashid Al Maktoum Solar Park Dubai Integrated Waste Management Strategy 2021-2041 Dubai Autonomous Transportation Strategy Mars 2117 Dubai 3D Printing Strategy UAE Strategy for Artificial Intelligence UAE Water Security Strategy 2036 ‘We the UAE 2031’ vision Dubai Economic Agenda (D33) National Advanced Sciences Agenda 2031 UN Agenda 2030 Fujairah 2040 Plan Dubai Industrial Strategy 2030 203020282024 2031 2033 2036 20402030 (continued) 2040 (continued) 2041 2050 2051 2057 2071 2117 ADGM sees 245% growth in assets under management in 2024(4) UAE well placed to leverage transformational trends for future economic growth & societal wellbeing 2024 Future Possibilities Index (FPI) (6) 1st in 20 future readiness indicators 1st in government responsiveness to change 3rd in attracting and retaining talent 2nd in government vision
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Second Quarter 2025 Investor Presentation Digital Strategy 2025– 2027 launched for an AI-powered government. With an investment of AED 13 bn and deployment of over 200 AI solutions, the strategy aims to achieve full automation and digitisation of government processes. It is projected to contribute AED 24 bn to GDP and create 5,000+ jobs by 2027 Building an AI nation: Strategic AI initiatives across government and industry 10 UAE – ECONOMIC LANDSCAPE AND COMPETITIVENESS Strategic investments in infrastructure, policy innovation, education, and governance serve as a solid foundation for UAE’s position as a rising global AI hub Abu Dhabi Government Digital Strategy (2025– 2027) AED 13 bn to digitise government operations, automate processes, adopt sovereign cloud, and deploy over 200 AI-powered solutions (see spotlight) Abu Dhabi to be the world’s first fully AI-native government (1) AI-powered Regulatory Intelligence Office (2025) UAE Cabinet-approved legislative AI platform designed to track legal impact and accelerate law drafting by up to 70%. Overseen by the Regulatory Intelligence Office Stargate UAE AI Supercomputing Campus (2025) A 1 GW AI campus in Abu Dhabi led by OpenAI, G42 and partners. Phase 1 (200MW) expected to be operational in 2026, expanding sovereign AI computing PAN world model & sovereign LLM (2025) Advanced AI world model developed by Mohamed bin Zayed University of AI, it is designed for multi-modal simulation, enabling infinite virtual environments for AI agent training AI innovation program – Ministry of Industry and Advanced Technology (MoIAT) (2025) Connects industrial developers with AI solution providers across sectors like ports and manufacturing, enhancing innovation Chief AI Officers training programme (2025) Federal program launched in June 2025 to upskill government AI leads in ethics, governance, and technical strategy National AI programme for AI, delivered in conjunction with University of Birmingham A broader training initiative open to public sector officials, private sector participants aimed at building foundational and applied AI concepts to build nationwide digital readiness Mandatory AI curriculum in schools (2025–2026) AI will become a core academic subject from kindergarten to Grade 12 starting in the 2025–26 academic year, part of UAE’s broader AI talent and education strategy Illustrative AI initiatives in the UAE ( click on each image for further information) Leveraging actionable gen AI in the Middle East(2) • 44.74% of UAE companies are now using language models in their operations • 46% for information retrieval, 33% for customer service and support, and 13% for personalised recommendations (1) Source: dge.gov.ae (2) Source: White paper co-published by MIT Sloan Management Review ME & Astra Tech Spotlight
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Second Quarter 2025 Investor Presentation (5) 0 5 10 15 20 75 80 85 90 95 100 May- 20 May- 21 May- 22 May- 23 May- 24 May- 25 Loan- to-Deposit Ratio (LHA) Gross Credit Growth, y- o-y (RHA) Deposit Growth, y- o-y (RHA) 11 Strong UAE macro-economic fundamentals supporting positive business and consumer confidence UAE: Oil price at a comfortable level for the UAE; Output to increase, including with a baseline adjustment in 2025 Global: Further interest rate cuts priced in by the market, significant policy and inflation uncertainties US: Probability of a recession has moderated though expect high uncertainty to weigh on economic activity % Source: Bloomberg, Federal Reserve, BoE, ECB, RBA, BoC, ADCB Economic Research Source: Bloomberg, ADCB Economic ResearchSource: NY Federal Reserve, Bloomberg, ADCB Economic Research % USD p/b (LHA), ‘000 b/d (RHA) UAE: PMI data remains in strongly expansionary territory in 2025 with supportive domestic demand backdrop UAE: Gross deposits continue to outpace credit growth in absolute terms, supporting system-wide liquidity Source: S&P Global, ADCB Economic Research Source: Central Bank of the UAE, ADCB Economic Research Index: A reading above 50 indicates an expansion L-D Ratio (LHA); % change y -o-y (RHA) UAE – ECONOMIC LANDSCAPE AND COMPETITIVENESS 2.0 2.5 3.0 3.5 4.0 0 20 40 60 80 100 120 140 Jul-18 Jul-19 Jul-20 Jul-21 Jul-22 Jul-23 Jul-24 Jul-25 UAE Oil Production (RHA) Brent Crude (LHA) 30 35 40 45 50 55 60 65 70 Jul-18 Jul-19 Jul-20 Jul-21 Jul-22 Jul-23 Jul-24 Jul-25 PMI New Orders Output Index (1) 0 1 2 3 4 5 US Canada UK Australia Eurozone Benchmark Rate at the Start of 2022 Current Benchmark Rate as of 2nd of September Market Priced Rate at end-2025 0 20 40 60 80 Jul-08 Jul-10 Jul-12 Jul-14 Jul-16 Jul-18 Jul-20 Jul-22 Jul-24 Jul-26 NY Fed Probability of Recession in the US (12-month ahead) AED billion UAE: Net system-wide deposits rose in 5M2025, driven by private sector and government Source: Central Bank of the UAE, ADCB Economic Research (200) 0 200 400 600 800 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 May-25 Government Net Deposits GRE Net Deposits Government and GRE Net Deposits Total System-wide Net Deposits
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Second Quarter 2025 Investor Presentation 12 Strong momentum in key non- oil sectors supporting real GDP growth Dubai: Seeing strong growth in overnight visitor numbers, some normalisation in passenger number from start of the new year Visitor numbers, million Source: DTCM, ADCB Economic Research Abu Dhabi: Airport passenger number up a strong 13.2% y-o-y in 1H2025, new routes and airlines supporting this expansion Source: Abu Dhabi Airport, ADCB Economic Research Passenger numbers, million UAE: Hotel occupancy levels remain strong with business and leisure demand Source: Abu Dhabi Tourism and Culture Authority, STR*, ADCB calculations STR data – re-publication or other re -use of this data without the express written permission of STR is strictly prohibited % UAE: Key domestic and externally facing sectors continuing to see solid growth; multiple underlying drivers Source: Federal Competitiveness and Statistics Centre, ADCB Economic Research % change Y -o-Y UAE: Sector contribution breakdown of non-oil GDP in 2024; Broad-based contribution % share of total Source: Federal Competitiveness and Statistics Centre, ADCB Economic Research UAE: Real GDP growth supported by robust non-oil GDP growth, we estimate that non-oil GDP growth will remain healthy at 4.0% Source: Federal Competitiveness and Statistics Centre, ADCB Economic Research PP contribution to real GDP growth (10) (5) 0 5 10 15 20 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f Non-oil Sector Oil Sector Headline Growth 0 2 4 6 8 10 12 14 16 Wholesale & Retail Trade Manufacturing Financial & Insurance Construction Public Administration & Defence Transportation & Storage Real Estate UAE – ECONOMIC LANDSCAPE AND COMPETITIVENESS 0 5 10 15 20 25 30 35 2021 2022 2023 2024 1H2025 500 1,000 1,500 2,000 2,500 January February March April May June July August September October November December 2022 2023 2024 2025 0 2 4 6 8 10 12 14 Transportation & Storage Financial & Insurance Construction Wholesale & Retail Trade Real Estate Utilities Accommodation & Food Service Manufacturing 2023 2024 20 30 40 50 60 70 80 90 100 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dubai Abu Dhabi UAE
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Second Quarter 2025 Investor Presentation 13 Robust investment outlook with higher project awards UAE: Solid start to project awards in 1H2025, after record 2023 and 2024; Building investment momentum UAE: Project awards in the UAE drop in 2Q2025 compared to last quarter, though strong 1Q supportive of the 1H trend UAE: Broad-based project award outlook for the remainder of the year 2025 to meet infrastructure need and diversify the economy USD billion (LHA); number of awards (RHA) Source: Meed projects, ADCB Economic Research Source: Meed projects, ADCB Economic ResearchSource: Meed projects, ADCB Economic Research USD billion USD billion UAE: Growth in Jebal Ali throughput volumes; a deceleration in 2Q2025 following frontloaded orders ahead of US tariffs UAE: Retail credit for consumption continued to strengthen in 1Q2025 and supporting broader GDP growth outlook * Twenty -foot equivalent units. Source: DP World, ADCB Economic Research Source: Central Bank of the UAE, ADCB Economic Research AED billion (LHA); % change y -o-y (RHA) UAE – ECONOMIC LANDSCAPE AND COMPETITIVENESS 0 5 10 15 20 25 30 35 40 Q2'16 Q4'16 Q2'17 Q4'17 Q2'18 Q4'18 Q2'19 Q4'19 Q2'20 Q4'20 Q2'21 Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Emirate of Abu Dhabi Emirate of Dubai UAE Total 0 200 400 600 800 1000 1200 1400 1600 1800 0 20 40 60 80 100 120 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1H2025 Value of Awards (LHA) Number of Awards (RHA) 0 10 20 30 40 50 Q3'25 Q4'25 Q1'26 Chemical Construction Gas Industrial Oil Power Transport Water UAE: PMI data shows pickup in hiring activity; companies and high-net-worth individuals have also moved to the UAE Source: IHS Markit, ADCB Economic Research Index: A reading above 50 indicates an expansion 40 42 44 46 48 50 52 54 56 58 60 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 PMI Employment Staff Costs TEU ‘000 * (LHA); % change y -o-y (RHA) (15) (10) (5) 0 5 10 15 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Q1'19 Q2'20 Q3'21 Q4'22 Q1'24 Q2'25 Jebel Ali Throughput Volume, TEU '000 (LHA) % change y- o-y (RHA) -10 -5 0 5 10 15 20 0 100 200 300 400 500 600 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Personal Loans for Consumption Purposes, AED billion (LHA) % change y-o-y (RHA)
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Second Quarter 2025 Investor Presentation
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Second Quarter 2025 Investor Presentation Diversified growth by business streams % contribution to H1’25 operating income FINANCIAL HIGHLIGHTS Highlights H1’25 key highlights Others (2) 1% AED 0.149 bn Treasury and Investments 24% AED 2.621 bn Retail Banking 26% AED 2.820 bn Private Banking 8% AED 0.908 bn Corporate and Investment Banking 40% AED 4.243 bn 15 AED 10.741 bn • Strong underlying performance across all core businesses and significant cost efficiencies driving increased profitability. Profit before tax up 18% YoY to AED 5.942 bn in H1’25 and up 17% YoY to AED 3.035 bn in Q2’25 • Net profit after tax (1) was AED 5.014 bn in H1’25 and AED 2.568 bn in Q2’25, representing ROAE of 14.1% and 14.9% respectively • Net loan growth of 14% YoY (AED 46 bn) and 8% YTD (AED 28 bn) to AED 378 bn , with increased exposure to energy, trading and transport & communication sectors as well as financial institutions • Customer deposits up 19% YoY (AED 73 bn) and 10% YTD (AED 42 bn) to AED 463 bn . Significant CASA inflow of AED 21 bn in H1’25 driven by both the Retail Banking and Corporate and Investment Banking businesses, supporting a favourable cost of funds • Non-interest income, which increased 36% YoY in H1’25, is a key driver of the Bank’s growth, representing 34% of total operating income in the first half, up from 29% in H1’24 • Cost-to-income ratio improved to a record quarterly low of 26.4% in Q2’25, down 620 bps YoY, driven by sustained cost discipline and gains from digital efficiencies • Sophisticated product and service offerings to attract new customers and open up new income streams. Fee income on assets under management increased 35% for Retail Banking and 58% for Private Banking over the prior year • Further reinforcing position in regional capital markets, acting as joint lead manager and bookrunner on several landmark transactions during the second quarter, including sukuk issuances for DP World, ADNOC, and the Public Investment Fund (PIF) of Saudi Arabia • Effective 1 January 2025, the UAE has enacted a 15% Domestic Minimum Top -up Tax (DMTT) aligned with OECD Pillar Two Model rules. The Group has applied this rate for H1’25 and is assessing its eligibility for the Initial Phase of Internal Activity Exclusion (IAE) , which would reduce the statutory tax rate to 9%. The Group anticipates completing its evaluation of the IAE by quarter ending 30 September 2025. Any resulting adjustments will be reflected in income tax expense in the period in which the assessment is finalised Note: Figures may not add up due to rounding differences (1) For H1 2025, ADCB has provisioned for tax at a rate of 15% based on the Domestic Minimum Top -up Tax (DMTT) introduced by the UAE on 1 January 2025, versus the 9% corporate income tax rate applied in 2024. Therefore year -on-year comparison is not on a like- for-like basis (2) Comprises of operations of subsidiaries not included in other segments, real estate management income of associate and rental income earned from properties of the Group Strong Q2’25 performance driven by balance sheet growth, well-diversified income streams and substantial efficiency gains YoY deposit growth YoY net loan growth +14% YoY+19% YoY AED +73 bn AED +46 bn Profit before tax (AED) 5.942 bn +18% YoY
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Second Quarter 2025 Investor Presentation Key highlights ADCB’s new 5-year strategy for a sustained pace of growth 16 ADCB has announced a new five -year strategy establishing a clear roadmap for the accelerated growth of core businesses to create significant value for shareholders. The Bank’s guidance for key financial metrics, outlined below, aligns with targets set in the new strategy Accelerate digital transformation and deploy AI at scale by driving value -led innovation across AI, digital assets, and cybersecurity and cyber resilience Embed efficiency in the organisational DNA by institutionalising pan-bank efficiency programs focused on minimising costs (operational and funding), maximising revenue and elevating customer experience Reinforce Risk and compliance by enabling a risk - empowered culture powered by advanced analytics to foster healthy and balanced growth Drive Drive ESG leadership, reinforcing commitment to best practice governance, social responsibility and support for the UAE’s Net Zero Strategy Cross- cutting themes Grow talent brand and become an industry leader by instilling a culture of superior value creation and distinctive entrepreneurship while building a hub for Emirati talent Al Hilal Bank Build innovative partnerships, drive operational efficiency Private Banking & Wealth Management Expand geographically, augment product suite, future proof service models Create additional revenue streams Explore carve outs, partnerships and investment to create new business opportunities ADCB Egypt Boost corridor banking, launch new products and services Treasury Augment offering, revamp funding/risk strategy Retail Banking Digitalise , hyper -personalise propositions, build partnerships and ecosystems Corporate & Investment Banking Scale geographically, expand into new segments, launch innovative product offerings Core engine New bold moves • Doubling net profit to AED 20 billion within the next five years, while aiming to achieve an annual growth rate of circa 20% • Increasing year -on-year paid-out dividends over the same period, whereby ADCB aims to increase its total targeted dividend payout to approximately AED 25 billion over the next five years , up 50% compared to the total dividend payout in the preceding five-year period (1) • Delivering annual RoE exceeding 15% each year, while maintaining healthy regulatory ratios and an adequate capital position to fuel future growth • Maintain cost of risk below 60 bps • Sustain CET1 ratio above 12% (1) The statement represents a forward -looking projection and is subject to necessary approvals, including but not limited to Board, regulatory and shareholder approvals ~20 bn Net profit in no later than 5 years (AED) 50% Dividend payout growth vs. the preceding 5 years FINANCIAL HIGHLIGHTS
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Second Quarter 2025 Investor Presentation Diversified growth by business streams % contribution to H1’25 operating income FINANCIAL HIGHLIGHTS Highlights H1’25 key highlights Others (2) 1% AED 0.149 bn Treasury and Investments 24% AED 2.621 bn Retail Banking 26% AED 2.820 bn Private Banking 8% AED 0.908 bn Corporate and Investment Banking 40% AED 4.243 bn 17 AED 10.741 bn • Strong underlying performance across all core businesses and significant cost efficiencies driving increased profitability. Profit before tax up 18% YoY to AED 5.942 bn in H1’25 and up 17% YoY to AED 3.035 bn in Q2’25 • Net profit after tax (1) was AED 5.014 bn in H1’25 and AED 2.568 bn in Q2’25, representing ROAE of 14.1% and 14.9% respectively • Net loan growth of 14% YoY (AED 46 bn) and 8% YTD (AED 28 bn) to AED 378 bn , with increased exposure to energy, trading and transport & communication sectors as well as financial institutions • Customer deposits up 19% YoY (AED 73 bn) and 10% YTD (AED 42 bn) to AED 463 bn . Significant CASA inflow of AED 21 bn in H1’25 driven by both the Retail Banking and Corporate and Investment Banking businesses, supporting a favourable cost of funds • Non-interest income, which increased 36% YoY in H1’25, is a key driver of the Bank’s growth, representing 34% of total operating income in the first half, up from 29% in H1’24 • Cost-to-income ratio improved to a record quarterly low of 26.4% in Q2’25, down 620 bps YoY, driven by sustained cost discipline and gains from digital efficiencies • Sophisticated product and service offerings to attract new customers and open up new income streams. Fee income on assets under management increased 35% for Retail Banking and 58% for Private Banking over the prior year • Further reinforcing position in regional capital markets, acting as joint lead manager and bookrunner on several landmark transactions during the second quarter, including sukuk issuances for DP World, ADNOC, and the Public Investment Fund (PIF) of Saudi Arabia • Effective 1 January 2025, the UAE has enacted a 15% Domestic Minimum Top -up Tax (DMTT) aligned with OECD Pillar Two Model rules. The Group has applied this rate for H1’25 and is assessing its eligibility for the Initial Phase of Internal Activity Exclusion (IAE) , which would reduce the statutory tax rate to 9%. The Group anticipates completing its evaluation of the IAE by quarter ending 30 September 2025. Any resulting adjustments will be reflected in income tax expense in the period in which the assessment is finalised Note: Figures may not add up due to rounding differences (1) For H1 2025, ADCB has provisioned for tax at a rate of 15% based on the Domestic Minimum Top -up Tax (DMTT) introduced by the UAE on 1 January 2025, versus the 9% corporate income tax rate applied in 2024. Therefore year -on-year comparison is not on a like- for-like basis (2) Comprises of operations of subsidiaries not included in other segments, real estate management income of associate and rental income earned from properties of the Group Strong Q2’25 performance driven by balance sheet growth, well-diversified income streams and substantial efficiency gains YoY deposit growth YoY net loan growth +14% YoY+19% YoY AED +73 bn AED +46 bn Profit before tax (AED) 5.942 bn +18% YoY
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Second Quarter 2025 Investor Presentation FINANCIAL HIGHLIGHTS 18 Strong H1’25 financial performance RoAA(4) 1.38% RoAE(4) 14.1% Note: Figures may not add up due to rounding differences (1) Including Islamic financing (2) After including share in profit of associates (3) For H1 2025, ADCB has provisioned for tax at a rate of 15% based on the Domestic Minimum Top -up Tax (DMTT) introduced by the UAE on 1 January 2025, versus the 9% corporate income tax rate applied in 2024. Therefore year -on-year comparison is not on a like- for-like basis (4) For RoAE /RoAA calculations, net profit after tax attributable to equity shareholders has been considered, i.e. net profit after deductin g coupon payments relating to Tier I capital notes (5) Diluted earnings per share for H1’25 and H1’24 were AED 0.64 and AED 0.56 respectively (AED bn) Income statement (AED mn) H1’25 H1’24 ∆YoY% Total net interest income (1) 7,048 6,577 7 Non-interest income 3,693 2,723 36 Operating income 10,741 9,300 15 Operating expenses (2,975) (2,951) 1 Operating profit before impairment charge 7,766 6,349 22 Impairment charge (1,832) (1,329) 38 Profit before tax (2) 5,942 5,023 18 Income tax charge (3) (928) (568) 63 Net profit (3) 5,014 4,456 13 Profit before tax Operating income H1’24: 1.40% H1’24: 13.3% H1’24: AED 0.56 +18% +15% 5.023 5.942 9.300 10.741 H1’24 H1’25 H1’24 H1’25 Increased profitability in H1’25 driven by robust top- line growth coupled with disciplined cost management Basic EPS (5) AED 0.64
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Second Quarter 2025 Investor Presentation 1.30 1.48 1.51 1.61 1.63 1.81 1.93 1.99 2.00 2.01 2.43 2.59 2.68 2.88 2.91 3.03 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FINANCIAL HIGHLIGHTS 19 RoAA(5) 1.41% RoAE(5) 14.9% Basic EPS (6) Note: Figures may not add up due to rounding differences (1) Including Islamic financing (2) After including share in profit of associates (3) For H1 2025, ADCB has provisioned for tax at a rate of 15% based on the Domestic Minimum Top -up Tax (DMTT) introduced by the UAE on 1 January 2025, versus the 9% corporate income tax rate applied in 2024. Therefore year -on-year comparison is not on a like- for-like basis (4) Excluding net loss on discontinued operations (as applicable) and one- off gain recorded from the divestment of an 80% stake in A bu Dhabi Commercial Properties (ADCP) in Q4’23 (5) For RoAE /RoAA calculations, net profit after tax attributable to equity shareholders has been considered, i.e. net profit after deducting cou pon payments relating to Tier I capital notes (6) Diluted earnings per share for Q2’25 and Q2’24 were AED 0.34 and 0.30 respectively Q2’24: 1.47% Q2’24: 14.6% Q2’24: AED 0.30 Operating profit surged 33% YoY in Q2’25 reflecting strong fundamentals of core businesses AED 0.34 (AED bn) 16 quarters of consecutive growth in profit before tax(4) Q2’25 profit before tax (AED bn) 3.035 +17% YoY +4% QoQ 2021 20232022 2025 Income statement (AED mn) Q2’25 Q1’25 Q2’24 ∆QoQ% ∆YoY% Total net interest income (1) 3,654 3,394 3,276 8 12 Non-interest income 2,074 1,619 1,438 28 44 Operating income 5,728 5,013 4,714 14 22 Operating expenses (1,511) (1,465) (1,534) 3 (1) Operating profit before impairment charge 4,218 3,548 3,180 19 33 Impairment charge (1,186) (646) (588) 84 102 Profit before tax (2) 3,035 2,907 2,593 4 17 Income tax charge (3) (467) (461) (276) 1 69 Net profit (3) 2,568 2,446 2,317 5 11 2024
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Second Quarter 2025 Investor Presentation (5,049) (4,863) (4,983) 8,326 8,256 8,637 3,276 3,394 3,654 (9,958) (9,846) 16,535 16,894 6,577 7,048 Q2’24 Q1’25 Q2’25 H1’24 H1’25 FINANCIAL HIGHLIGHTS Key highlightsNet interest income (AED mn) 2.70 2.63 2.41 2.58 2.48 2.49 2.07 2.16 2.01 1.89 2.01 1.67 Q1'24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Net interest margin Risk-adjusted NIM (2) 6.72 6.68 6.50 6.41 6.03 5.90 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 NIM and risk adjusted NIM (%)(1) Cost of funds (%) Asset yield (%)(1) 20 5.32 5.33 5.09 4.51 4.30 4.29 5.26 5.25 5.06 4.49 4.29 4.204.26 4.25 4.28 4.04 3.72 3.55 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Cost of funds Average 3M SOFR Average 3M EIBOR Note: Figures may not add up due to rounding differences (1) FVTPL assets are non -interest bearing, therefore excluded from the calculation of Interest earning assets (2) Risk adjusted NIM: Net interest income less impairment charge on loans and advances to customers, banks, and investments secu rities divided by average interest earning assets Interest expenseInterest income +12% +7% Q2’25 net interest income up 8 % sequentially on higher volumes, while inflow of CASA deposits supports favourable cost of funds 3 rate cuts from Sep’24 onwardsH1’24 2.66 2.11 H1’24 6.70 H1’25 H1’25 5.96 2.49 1.83 4.25 5.25 5.32 H1’24 H1’25 3.63 4.25 4.30 • Q2’25 net interest income of AED 3.654 bn increased 8% QoQ and 12% YoY, with higher volumes partially offsetting the impact of three interest rate cuts since September • Q2’25 NIM of 2.49% held steady sequentially and declined 14 bps YoY due to the lower rate environment • Q2’25 risk -adjusted NIM declined sequentially primarily on account of higher impairment charges related to legacy corporate accounts 3 rate cuts from Sep’24 onwards
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Second Quarter 2025 Investor Presentation FINANCIAL HIGHLIGHTS Net fees and commission income(2) (AED mn) Key highlights 21 • Well-balanced revenue streams , with contribution of non-interest income to operating income increasing to 34% in H1’25 up from 29% a year earlier • Q2’25 non -interest income increased 44% YoY and 28% QoQ to AED 2.074 bn. Net fees and commission income was up 15% YoY and 13% QoQ to AED 929 mn. Net trading income surged 82% YoY and 56% QoQ to AED 872 mn on higher gains from derivatives, foreign exchange and trading securities • Other operating income was up 83% YoY and 14% QoQ at AED 273 million in Q2’25 on gains from non -trading securities and sale of loans +19% YoY H1’25 card -related fees (gross) +13% YoY H1’25 loan processing fees (gross) Non-interest income (AED mn) Q2’25 Q1’25 Q2’24 ΔQoQ% ΔYoY% H1’25 H1’24 ΔYoY% Net fees and commission income 929 820 809 13 15 1,749 1,512 16 Net trading income 872 559 480 56 82 1,431 1,003 43 Other operating income (1) 273 240 149 14 83 513 208 147 Total non -interest income 2,074 1,619 1,438 28 44 3,693 2,723 36 H1’25 non-interest income up 36% YoY, representing a key driver of growth, with all main line items making substantial contribution H1’25 AED 1,749 mn +16% H1’24 AED 1,512 mn Asset mgt./investment services: 102 Loan processing fees: 478 Trade finance commission: 328 Accounts related fees: 166 Card related fees: 321 Others (3): 116 Asset mgt./investment services: 126 (+23%) Loan processing fees: 534 (+12%) Accounts related fees: 277 (+67%) Others (3): 104 ( -11%) Card related fees: 320 (stable) Trade finance commission: 387 (+18%) Note: Figures may not add up due to rounding differences (1) Other operating income includes net gains/(losses) from investment properties (2) All figures in the pie charts are net of related expenses (3) Others mainly includes POS/acquiring related fees, bond arrangement fees, insurance commission, etc. 31% 32% 36% 29% 34% Q2'24 Q1'25 Q2'25 H1'24 H1'25 Non-interest income/total income
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Second Quarter 2025 Investor Presentation 836 807 892 597 553 515 102 105 104 1,534 1,465 1,511 2,975 1,596 1,700 1,153 1,068 203 208 2,951 Q2’24 Q1’25 Q2’25 H1’24 H1’25 Note: Figures may not add up due to rounding differences Key highlightsCost to income ratioOperating expenses (AED mn) 22 • Positive jaws with Q2’25 cost -to-income ratio improved to a record low of 26.4%, a decrease of 620 bps YoY and 280 bps QoQ. H1’25 cost -to-income ratio improved 400 bps YoY to 27.7% • This was driven by strong revenue growth, ongoing cost discipline and digital -driven efficiency gains • Q2’25 operating expenses reduced 1% YoY and were up 3% QoQ at AED 1.511 bn 32.6% 29.2% 26.4% 31.7% 27.7% Q2’24 Q1’25 Q2’25 H1’24 H1’25 -400 bps+1% -620 bps-1% C:I ratio improved to an all- time quarterly low of 26.4%, 620 bps lower YoY, driven by cost discipline amid strong revenue growth General administrative expensesStaff costs Depreciation & amortisation of intangible assets FINANCIAL HIGHLIGHTS
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Second Quarter 2025 Investor Presentation CET1 ratio 12.21% CAR 15.53% FINANCIAL HIGHLIGHTS 23 Note: Figures may not add up due to rounding differences (1) Euro commercial paper (2) Liquidity ratio: Liquid assets/total assets. Liquid assets include cash and balances with Central Banks, deposits and balances due from banks (excluding loans to banks), reverse repo placements, trading securities, and liquid investments (excluding unquoted investments) Balance sheet (AED mn) Jun’25 Mar’25 Dec’24 Jun’24 ΔQoQ% ΔYTD% ΔYoY% Total assets 718,502 679,716 652,814 612,242 6 10 17 Net interest earning assets 605,210 575,280 555,289 512,677 5 9 18 Net loans and advances to customers 378,465 359,489 350,638 332,158 5 8 14 Net loans and advances to banks 35,147 32,870 30,679 29,488 7 15 19 Investment securities 153,582 149,590 142,989 132,609 3 7 16 Deposits from customers CASA Time deposits 463,442 206,937 256,504 441,691 197,596 244,095 421,060 185,869 235,191 389,961 171,671 218,290 5 5 5 10 11 9 19 21 18 Borrowings (including ECP (1)) 100,446 100,144 94,840 88,586 0 6 13 Total shareholders’ equity 76,245 73,868 75,562 70,703 3 1 8 12.56% 12.59% 12.21% Dec’24 Mar’25 Jun’25 16.13% 16.07% 15.53% Dec’24 Mar’25 Jun’25 LTD ratio 81.7% Dec’24: 83. 3% LCR 135.2% Dec’24: 137.3% Liquidity ratio(2) 33.3% Dec’24: 32.4% Momentum in balance sheet growth in H1’25, with net loans up AED 28 bn and deposits increased AED 42 bn YTD
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Second Quarter 2025 Investor Presentation 225 238 245 267 62 66 66 6646 47 49 46332 351 359 378 Jun'24 Dec'24 Mar'25 Jun'25 FINANCIAL HIGHLIGHTS Net loans(1) (AED bn) Gross loans: AED 390 bn 24 Personal 19% Government & PSE 24% (Dec’24: 27%, Dec’23: 25%) Trading 9% Financial institutions 10% Hospitality 2% Others (1) 23% Real estate investment 13% (Dec’24: 14%, Dec’23: 17%) By economic sector Overdrafts (retail & corporate) 4% Credit cards 2% Mortgages 5% Trade finance 7% Retail loans (2) 12% Corporate loans 70% By product Key highlights Net loans +14% YoY +5% QoQ • Net loans increased 14% YoY (AED 46 bn) and 8% YTD (AED 28 bn) to AED 378 bn at June-end • Key sectors of significant credit growth included energy, trading, transport & communication and financial institutions • Well balanced portfolio, GREs comprised 24% of gross loans and real estate investment represented 13% • Loans outside the UAE stood at 23% of gross loans Accelerated loan growth in Q2 across diverse economic sectors amid strong UAE economic fundamentals Outside UAE 23% Dubai 21% Other Emirates 5% Abu Dhabi 51% By geography Gross loans by geography (AED bn) 274 285 289 299 69 76 81 90 342 360 370 390 Jun'24 Dec'24 Mar’25 Jun’25 Within the UAE Outside the UAE Note: Figures may not add up due to rounding differences (1) Others include: agriculture, energy, transport, manufacturing, services and others (2) Retail loans include personal loans, auto loans and others (3) ADCB Group’s UAE operations, including Al Hilal Bank Retail Banking Group (RBG)(3) % increase in portfolio balance (Jun’25 vs. Jun’24) Personal loans 3% Mortgage loans 9% Auto loans stable Credit cards 12% AED 72 bn New credit extended in H1’25 AED 43 bn Repayments in H1’25 Corporate & Investment Banking Group Private Banking GroupRetail Banking Group +8% YTD
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Second Quarter 2025 Investor Presentation Emirati interplanetary mission Dubai 2040 Urban Master Plan Environment Vision 2030 Dubai Clean Energy Strategy Surface Transport Master Plan Centennial Plan 2071 Plan Abu Dhabi 2030 Food Security Strategy 2051 Abu Dhabi Transportation Mobility Management Strategy Abu Dhabi Police Centennial Vision 2057 Emirates Lunar Mission RAK Energy Efficiency and Renewable Energy Strategy 2040 Abu Dhabi Economic Vision 2030 UAE Energy Strategy 2050 Mohammed bin Rashid Al Maktoum Solar Park Dubai Integrated Waste Management Strategy 2021-2041 Dubai Autonomous Transportation Strategy Mars 2117 Dubai 3D Printing Strategy UAE Strategy for Artificial Intelligence UAE Water Security Strategy 2036 ‘We the UAE 2031’ vision Dubai Economic Agenda (D33) National Advanced Sciences Agenda 2031 UN Agenda 2030 Fujairah 2040 Plan Propelled by UAE's future roadmap; fostering growth across diverse sectors, paving the way for transformative progress Dubai Industrial Strategy 2030 203020282024 2031 2033 2036 20402030 (continued) 2040 (continued) 2041 2050 2051 2057 2071 2117 25 FINANCIAL HIGHLIGHTS
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Second Quarter 2025 Investor Presentation 39% 28% 27% 24% 22% 17% 14% 13% Dec'18 Dec'19 Dec'20 Dec'21 Dec'22 Dec'23 Dec'24 Jun'25 Well diversified and highly secured real estate portfolio with strict internal caps and underwriting policies 26 Total real estate portfolio(2)Commercial real estate investment (% of total gross loans)(1) Commercial real estate exposure as % of gross loans reduced by 2/3rd over previous 6 years Real estate loan classification • Purpose of the loan is real estate • Repayment of the loan is primarily from real estate Firm underwriting policies • Bank does not finance: Undeveloped land, Secondary mortgages • Very selective financing: Under construction projects and outside UAE Portfolio composition 83% Portfolio loan to value (LTV) 140% Portfolio coverage ratio (provision + collateral) 74% Exposure to completed income generating projects Gross Loans AED 390 bn Residential mortgages 5% Commercial real estate 13% Rest of the portfolio 82% Commercial real estate composition • Commercial towers • Hotels/hotel apartments • Working capital funding • Shopping malls, etc. FINANCIAL HIGHLIGHTS (1) Values as per Financials (2) Values as per RE base for regulatory submissions
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Second Quarter 2025 Investor Presentation 27 Highly-rated portfolio of investment securities increased 7% YTD to AED 154 bn, with bonds representing 99% of the portfolio FINANCIAL HIGHLIGHTS Investment securities: AED 153,582 mn(2)Investment securities (AED mn) Asia 18% Other GCC countries 20% USA 8% Europe 16% Domestic 31% Banks and FI 11% Public sector 18% Others 5% Government 67% Total bond portfolio Government and Non-Government bond portfolio: AED 152,686 mn Level 2 Valuation techniques using observable inputs 1% Level 1 Quoted market prices 99% UAE Sovereign (4) 0.3% BBB+ to BBB - 11% AAA to AA- 53% A+ to A- 33% BB+ to unrated 3% Maturity profile (AED mn)(3) 132,609 142,989 149,590 153,582 Jun'24 Dec'24 Mar'25 Jun'25 (1) Fair value hierarchy Credit ratings By region By issuer Invested in the UAE and GCC (Dec’24: 53%) 51% Invested in bonds 99% +16% 10,707 22,760 21,868 19,986 77,365 2025 2026 2027 2028 2029 & beyond Rest of the world 8% Note: Figures may not add up due to rounding differences (1) Includes AED 87 bn investments carried at amortised cost (31 Dec 2024: AED 92 bn) (2) Includes equity instruments and mutual funds (3) Excluding investments in equity and funds (4) UAE Sovereign internal rating in Grade 3 - and maps to external rating between AA to A - • Rated A -or better: 90.3% • Rated BBB+ to BBB- : 8.4% • Rated BB+ and below: 1.3% Non-Government bond portfolio • Carried at amortised cost: 57% • Carried at FVTOCI: 43% Investment securities • Standard & Poor’s, or equivalent of Fitch or Moody’s issuer/guarantor’s based ratings are used, where bonds are unrated Credit ratings
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Second Quarter 2025 Investor Presentation 1.8 26.9 16.3 4.2 1.9 3.2 0.7 10.3 0.8 0.1 2.0 5.2 2.1 25.0 37.2 19.1 11.3 5.3 27.6 2025 2026 2027 2028 2029 & beyond 28 Strong franchise drove AED 21 bn CASA inflow in H1’25, representing 50% of deposit growth FINANCIAL HIGHLIGHTS CASA split by business (AED mn)Customer deposits (AED bn)Liability mix Key highlightsMaturity profile (AED bn)Wholesale funding ECP Bilateral loansRepo and CD MTN/GMTN and Islamic sukuk notes AED 642 bn CASA deposits Time depositsRetail Banking Private Banking CIBG Treasury 180 206 213 234 87 91 97 10257 58 61 6265 66 71 66390 421 442 463 Jun’24 Dec'24 Mar’25 Jun’25 172 186 198 207218 235 244 257 Jun’24 Dec'24 Mar’25 Jun’25 Customer deposits 72% Euro commercial paper 2 % Other liabilities 6% Derivative financial instruments 4% Borrowings 14 % Due to banks 3 % • CASA deposits increased AED 35 bn YoY and AED 21 bn YTD, accounting for 50% of deposit growth in the first half. CASA represented 45% of total deposits at June -end vs. 44% at Dec- end • Actively diversifying wholesale funding base, the Bank priced its second five -year USD 600 million Formosa bond of 2025 at SOFR +100 bps, attracting strong demand from Asian investors • As at June -end, ADCB was a net lender of AED 25.8 bn in the interbank markets (2) As at 30 Jun 2025 Total deposits CASA CASA % Contribution to Group’s CASA % Commercial 28,666 24,801 87% 12% CIBG (1) 205,462 83,317 41% 40% PBG 61,531 17,999 29% 9% RBG 102,071 80,674 79% 39% Subtotal 397,730 206,791 52% 100% Treasury 65,712 146 0% 0% ADCB Group 463,442 206,937 45% 100% Note: Figures may not add up due to rounding differences (1) Excludes Commercial (2) Excludes loans to banks of AED 35.1 bn from deposits and balances due from banks, net, but includes certificate of deposits with central banks of AED 4.0 bn and overnight placement with Central Bank of AED 15.0 bn As at 30 June 2025 AED bn Global medium -term notes (GMTN) 34 Repurchase agreements 40 Euro commercial paper 11 Bilateral loans 6 Certificate of deposits 8 Subordinated notes – fixed rates 2 Total 100 Subordinated notes
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Second Quarter 2025 Investor Presentation 12.56 12.21 2.03 1.83 1.54 1.49 1.05 0.02 0.17(0.07) (1.69) (0.08) 16.13 15.53 Capital adequacy ratio walkthrough (%)(1) 29 Dividend history and shareholders’ returns (AED bn)Risk weighted assets walkthrough (AED bn) Strong pace of credit growth and diversification of loan portfolio in Q2 reflected in capital ratios FINANCIAL HIGHLIGHTS ∆ Market risk∆ Credit risk ∆ Operational risk 12.96 30-Jun-25∆ Tier-1 coupon payments ∆ Impact of changes in FVOCI, IFRS 9 reserve and others, Tier-2 capital and intangibles H1’25 net profit31-Dec-24 CET1 ratio AT1 ratio Tier 2 ratio Note: Figures may not add up due to rounding differences (1) UAE CB minimum CET1, Tier 1 and CAR requirements; 10%, 11.50% and 13.50% (13.76% including Credit Countercyclical Buffer regulatory requirement for Jun’25, subject to change every quarter) (2) Includes increase in credit valuation adjustment charge (3) 2022 dividend consisted of cash and stock dividend in the ratio of 33% (cash dividend of AED 0.18 per share) and 67% (stock dividend in lieu of cash of AED 0.37 per share) respectively 16.5 11.4 31.3 275.3 33.6 50.1 (5.1) 2.2 1.878 2.574 4.099 4.319 2020 2021 2022 2023 2024(2) 382.5 31-Dec-24 ∆ Credit risk ∆ Market risk ∆ Operational risk 432.5 430.3 30-Jun-25 CRWA MRWA ORWA Dividend amount 3.827 477.5 0.27 0.37 0.56 0.59 Dividend per share (AED) 0.55 (3)
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Second Quarter 2025 Investor Presentation 30 ADCB's Board of Directors has approved a rights issue to raise up to AED 6.1 billion to accelerate the Bank's organic growth Accelerating ADCB’s growth momentum • ADCB has significantly scaled operations and profitability since 2020 • H1’25 performance exceeded internal targets, marking 16 consecutive quarters of profit -before -tax growth • The rights issue supports ADCB’s ambition to double net profit to AED 20 bn within five years, with proceeds specifically all ocated to advancing organic growth and strengthening capital Strengthening capital ahead of regulatory shifts • In recognition of the Bank’s rapid growth and stature among the country’s largest financial institutions, higher capital buff ers have recently been introduced for ADCB as a Domestic Systemically Important Bank (D -SIB) effective from June 2026 • The rights issue will lift CAR and CET ratios by c.120 bps from June 2025 levels and ensure ADCB remains well -capitalised ahead of the new requirements, while continuing to pursue accelerated growth in a disciplined manner Enhancing long-term shareholder value • ADCB delivered a TSR of 77% over the past 12 months • Opportunity for shareholders to participate in the Bank’s continued success, through the subscription for new shares to be issue d at a discount to the prevailing share price at launch of the rights issue • Dividend guidance reaffirmed at c. AED 25 bn over the next five years — a 50% uplift over the previous period • Proposed rights issue will increase ADCB’s issued capital from AED 7,319,947,010 up to AED 7,912,175,710 through the issuance of up to 592,228,700 new shares • Subject to obtaining all necessary regulatory and shareholder approvals, the new shares will be issued at an issue price of AED 10.3 per new share, reflecting the nominal value of AED 1.00 per new share and a share premium of AED 9.3 per new share • This represents a discount of 30% to the closing share price of ADCB’s shares on the Abu Dhabi Securities Exchange as of 4 September 2025 Transaction details Mubadala Investment Company PJSC, the majority shareholder in ADCB, has confirmed its full support for the Board of Director’s endorsement to the General Assembly to approve the capital increase through rights issuance and its commitment as an existing shareholder to subscribe in full for its proportional entitlement of the offered shares, which is a testament to Mubadala’s support of the Bank’s future ambitions. Majority shareholder’s support FINANCIAL HIGHLIGHTS
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Second Quarter 2025 Investor Presentation 12.56% 12.59% 12.21% Dec’24 Mar’25 Jun’25 Proposed rights issue 12.56 12.21 2.03 1.83 1.54 1.49 1.05 0.02 0.17(0.07) (1.69) (0.08) 16.13 15.53 31 Rights issue enables strength ahead of evolving regulatory capital requirements Evolving regulatory requirements • Proactive capital management to support accelerated organic growth and strong pipeline along with evolving regulatory requirements in 2026 ⎼ Full impact of 50 bps from 1 January 2026: Countercyclical Buffer (CCyB ) 50 bps phased in during 2025 ⎼ Additional 50 bps from June 2026: Domestic Systemically Important Bank (D -SIB) buffer in recognition of the Bank’s rapid growth and stature among the country’s largest financial institutions Capital adequacy ratio walkthrough (%) ∆ Market risk∆ Credit risk ∆ Operational risk 12.96 30-Jun-25∆ Tier-1 coupon payments ∆ Impact of changes in FVOCI, IFRS 9 reserve and others, Tier-2 capital and intangibles H1’25 net profit31-Dec-24 CET1 ratio AT1 ratio Tier 2 ratio CET1 ratio CAR As at 30 June 2025, UAE Central Bank minimum CET1, Tier 1 and CAR requirements: 10%, 11.50% and 13.50% (13.76% including Countercyclical Buffer regulatory requirement for Jun’25, phased in 12.5 bps every quarter) 16.13% 16.07% 15.53% Dec’24 Mar’25 Jun’25 Proposed rights issue c.120 bps c.120 bps FINANCIAL HIGHLIGHTS
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Second Quarter 2025 Investor Presentation 32 Next steps Board meeting to approve the rights issue General Assembly meeting for shareholders to approve the rights issue SCA approval Publication of the invitation to trade in the rights and subscribe for new shares Rights trading period Rights subscription period Allocation and completion Final terms (timing, pricing, and structure) will be announced following regulatory and shareholder approvals FINANCIAL HIGHLIGHTS
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Second Quarter 2025 Investor Presentation 741 588 525 1,020 646 1,186 1,329 1,832 0.67% 0.48% 0.42% 0.72% 0.49% 0.88% 0.58% 0.69% Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 H1’24 H1’25 Loan growth marked by high credit quality and disciplined risk management, rise in Q2 impairments related to legacy corporate accounts, CoR guidance unchanged at <60 bps 33 95.0% 110.0% 150.1% 173.1% Jun’24 Dec'24 Mar’25 Jun’25 5,084 4,981 5,281 6,066 4,960 4,740 4,870 5,066 2,657 2,576 2,491 2,476 12,700 12,297 12,642 13,608 Jun’24 Dec'24 Mar’25 Jun’25 1,034 942 870 658 Jun’24 Dec'24 Mar’25 Jun’25 NPL ratio including POCI, net Non-performing loans (AED mn) and NPL ratio 13,370 11,893 9,034 8,571 Jun’24 Dec'24 Mar’25 Jun’25 NPL ratio FINANCIAL HIGHLIGHTS Cost of risk Cost of risk POCI assets (AED mn) and NPL ratio including POCI Provision coverage ratio(1) ECL by stage (AED mn) Provision coverage ratio including collateral Stage 1 and 2 Stage 3 (3) Fair value adjustments (2) Net impairment charge (AED mn) NPL ratio FY’24 Impairment charge: AED 2,874 mn Cost of risk: 0.58% Note: POCI: Purchased or originated credit -impaired financial assets CoR: Net impairment charge on loans & advances and investments divided by net average loans & advances and investments (1) Provisions on loans and advances, including fair value adjustments and IFRS 9 reserve (2) Fair value adjustments on loans include the historical ECL carried in books of AHB and ex -UNB (excluding POCI) (3) Excludes impairment allowances on POCI 3.59% 2.24% 2.02%3.04% 146% 260% 279%188% 3.87% 2.46% 2.17%3.28%
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Second Quarter 2025 Investor Presentation 34 Disciplined risk management and underwriting practices driving strong risk performance of the ADCB retail portfolio compared to the market Personal loans delinquency 30+ DPD Credit cards delinquency 30+ DPD Mortgage delinquency 30+ DPD Auto loans delinquency 30+ DPD 0.6% 0.7% 0.8% 0.8% 0.8% 0.6% 0.7% 0.7% 0.7% 1.5% 1.4% 1.4% 1.4% 1.3% 1.4% 1.4% 1.3% 1.5% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 ADCB Market 2.0% 2.3% 2.2% 2.4% 2.4% 2.3% 2.6% 2.8% 2.4% 6.1% 6.7% 5.2% 4.6% 4.1% 4.0% 4.0% 4.1% 3.9% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 ADCB Market 0.6% 0.7% 1.0% 0.9% 0.5% 0.3% 0.5% 0.5% 0.4% 3.0% 2.9% 2.7% 3.7% 3.2% 2.6% 2.5% 2.6% 2.4% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 ADCB Market 0.3% 0.2% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.6% 0.7% 0.7% 0.7% 0.7% 0.7% 0.6% 0.6% 0.6% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 ADCB Market FINANCIAL HIGHLIGHTS Total portfolio delinquency 30+ DPD 1.0% 0.9% 1.0% 0.9% 1.0% 0.9% 0.8% 0.8% 0.7% 3.3% 3.3% 2.8% 2.8% 2.6% 2.5% 2.0% 2.1% 2.0% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 ADCB Market Source: Al Etihad Credit Bureau (AECB) benchmark report
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Second Quarter 2025 Investor Presentation Net profit (1) in Q2’25 increased 16% YoY to EGP 1.315 bn , representing a return on equity of 36% Net profit (1) for H1’25 rose 39% YoY to EGP 2.608 bn, with return on equity of 38% Net loans increased 24% YTD and 53% YoY to EGP 65 bn as at 30 June 2025 Total deposits increased 14% YTD and 34% YoY to EGP 133 bn as at 30 June 2025 FINANCIAL HIGHLIGHTS Key subsidiaries: ADCB Egypt delivered 39% YoY growth in H1’25 net profit, while Al Hilal Bank advances digital- led growth strategy • Al Hilal Bank continued to advance its digital first strategy during the quarter , introducing new mobile app features to further enhance self-service adoption designed to significantly increase digital engagement • Flagship ‘Savings Plus’ Wakala account maintained strong momentum, with continued growth in customer deposits during the quarter 35 Egypt • ADCB Egypt reported continued strong financial performance in Q2 2025, supported by robust growth across key indicators: • Continued expansion of digital capabilities, introducing new mobile app features and enhanced transfer limits to improve convenience and engagement • Participated in major syndicated loan transactions including EGP 1.3 billion for a subsidiary of Palm Hills Development Group and EGP 4.2 billion for Redcon Properties (1) Based on IFRS • Al Hilal Bank continued the transition to an optimised physical network of three dedicated service hubs that provide in-person support, complemented by seamless access to ADCB’s extensive ATM network . This integrated approach ensures continued convenience and accessibility as the Bank’s focuses on accelerated digital transformation
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Second Quarter 2025 Investor Presentation
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Second Quarter 2025 Investor Presentation Building robust AI foundations to power the Bank’s digital ambitions and long-term growth 37 • First bank certified by CBUAE to participate in Al Tareq, the national Open Finance platform under its Financial Infrastructure Transformation Programme • Successfully completed the first transaction on the platform, marking an important milestone in a vibrant ecosystem • Developed mandated APIs for data sharing and payment initiation for retail customers • Integrated open finance services in our mobile banking app , allowing ADCB customers to aggregate accounts from all UAE banks, providing a 360- degree view of their financial situation for both the bank and customers • Partnered with a MENA leading open finance company to collaborate with fintechs and startups on co -creating new products and services • Dedicated AI office to lead execution of AI strategy . Senior AI appointments – including a Chief AI Officer and Head of Generative AI – to drive the Bank’s AI agenda • Introduced an AI-powered solution to transform invoice processing through automated procurement and payments • Scaled Copilot from 450 users to all employees , reflecting strong adoption and impact • Migrated to a new cloud enabled HR system • Continued upskilling through training and hackathons with Nvidia, Microsoft and AWS. Launched first executive- led AI Prompt -athon in collaboration with Microsoft demonstrating the role of AI in driving strategic enablement across the Bank • AI academy launched for employees , with personalised courses from foundational to advanced AI Focused AI initiatives in collaboration with key partners: Driving innovation in financial services At the forefront of Open Finance DIGITAL & ESG HIGHLIGHTS
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Second Quarter 2025 Investor Presentation • Introduced a fully digital onboarding and servicing proposition for SME and medium -sized corporates ; offering account activation in 10 minutes. Built on cloud, leveraging AI and top- tier security AI as a core enabler – Bankwide initiatives driving impact across retail and corporate businesses 38 Ecosystem of strategic partnerships • In Q2’25, the Group onboarded over 68,000 new retail customers , with 62% acquired through digital channels • Digital sales of cards reached a record monthly high in Q2’25, recording 84% YoY growth • Continued expansion of digital journeys on the mobile app: ⎼ AI-powered recommendation engine for credit cards delivering personalised products ⎼ Digital multi- CASA, multi -currency account opening and express loans ⎼ API-enabled cross- border payments • Operational efficiency driven by generative AI, early use cases include ATM and cash deposit reconciliation • Embedded co-branded credit card digital onboarding journeys across 10 partner mobile applications • Migrated 2 million+ mobile users to the cloud ensuring stronger digital resilience CIBG digital first Retail digital first • Introduced term deposit bookings on mobile phones via ProCash cash management app, as well as liquidity management and virtual account offering such as automated fee recovery and a streamlined charge process +84% YoY Increase in Q2’25 digital sales SME and corporate partnerships Providing range of lending solutions e.g., overdraft, term loans, etc. Providing range of lending solutions e.g., overdraft, term loans, etc. Digital platform to source ADCB trade finance clients, integrating Komgo’s secure back-office Retail partnerships Loyalty program embedded in Shukran mobile app Digital customer onboarding journey for credit cards in Talabat mobile app Instant loan pre -approvals and access to property listings Blockchain platform to enable real -time validation of trade documents DIGITAL & ESG HIGHLIGHTS
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Second Quarter 2025 Investor Presentation 67.1 50 125 Progress 2021 – Q2'25 2025 target 2030 target ADCB makes solid progress on its sustainable finance target and receives peer leading Bloomberg ESG score 39 • ADCB Egypt ESG Report was published on 30th June 2025 in line with ADCB Group’s sustainability strategy and Egypt Vision 2030 • The Bank continues their focus on employee awareness and knowledge through providing summer long sustainability learning sessions for employees • During the London Climate Action Week, ADCB participated in various forums, both in London and virtually, including active dialogue with investors and industry experts • ADCB continues to make solid progress on its climate strategy, with the Bank’s first NZBA targets for key sectors on track to be disclosed later this year DIGITAL & ESG HIGHLIGHTS Bloomberg ESG data: as at 2 July 2025 The Bank’s Bloomberg ESG score improved materially during the quarter, rising from 3.25 to 5.91, and positioning ADCB as the highest-ranked bank in the region. The uplift reflects the Bank’s enhanced ESG performance, increased transparency, and best-in-class reporting practices. According to recent Bloomberg data, ADCB counts more “EU Article 8 and Article 9” funds in its investor base than any of its major regional peers Q2’25 sustainability updates Eligible Green Loan Portfolio continues to increase with sufficient buffer of assets over green issuances Net proceeds of green bonds allocated (AED mn) Note: For more information, please visit adcb.com/esg and adcb.com/esgreport (1) Limit booked as at 30 June 2025 (2) Funded Eligible Green Loan Portfolio composed of loans to corporates: AED 8,250 mn (62%) and retail mortgages: AED 4,998 mn (38%) (AED bn) 4,224 8,169 8,755 4,224 269 13,248 Total Eligible Green Loan Portfolio Additional buffer of eligible green assets 100% allocation to sustainable deposits 100% allocation to green bonds Eligible Green Loan Portfolio (EGLP)(2) Progress vs. ADCB Group sustainable finance target(1) 2024 ESG Reports adcb.com/esgreport ADCB Group ESG Report adcb.com.eg/ esgreport ADCB Egypt ESG Report Bank Bloomberg ESG score 5.91 Bank 1 2.38 Bank 2 4.29 Bank 3 2.77 Bank 4 4.73 Bank 5 5.44 Bank 6 1.9 Highest-ranked bank in the region for Bloomberg ESG ratings
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Second Quarter 2025 Investor Presentation
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Second Quarter 2025 Investor Presentation SUMMARY AND 5 -YEAR GUIDANCE Summary and guidance (1) CoR: Net impairment charge on loans & advances and investments divided by net average loans & advances and investments (2) This statement represents a forward -looking projection and is subject to necessary approvals, including but not limited to board , regulatory, and shareholder approvals 41 Summary • Strong growth trajectory in context of healthy macro -economic conditions in the UAE • Robust new credit pipeline marked by greater exposure to diverse economic sectors • Non-interest income a key driver of growth , with broadening customer relationships driving fee income • Digital/AI initiatives making significant contribution to improvement in cost to income ratio • Focused on sustainable growth through disciplined capital deployment and prudent risk management in line with its five -year targets 5-year guidance Profitability Double net profit to AED 20 billion within five years; c.20% annual growth rate Cost of risk (1) <60 bps CET1 ratio >12% ROE >15% Dividend payout (2) Progressive year -on-year increase in paid -out dividends, with targeted total dividend payout of c. AED 25 billion over 5 -year period For more please visit: adcb.com/strategyannouncement
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Second Quarter 2025 Investor Presentation UAE Net Zero strategies, policies and programmes by economic sector 30+ national, emirate and company-level programmes considered in UAE Net Zero baseline Power Industry Transport Buildings Waste Agriculture Federal level Emirates level Company level UAE Vision 2021 (Cabinet) UAE National Climate Change Plan 2050; UAE Environmental Policy (MOCCAE) Abu Dhabi Environmental Vision 2030 (EDA) Dubai Demand Side Management, Dubai Carbon Abatement Strategy (DSCE) National system for sustainable agriculture (MOCCAE) RAK Energy Efficiency and Renewable Energy Strategy 2040 (RAK Municipality) UAE Food Security Strategy (MOCCAE) Abu Dhabi Agriculture Plan (ADAFSA) UAE National Hydrogen Strategy (MOEI) Dubai Waste Management Plan (MOCCAE)Dubai Smart Strategy (Dubai Municipality) Green Public Procurement for Energy and Water Efficiency (DSCE) UAE Circular Economy Policy (MOCCAE) Abu Dhabi Integrated Waste Masterplan (Tadweer) Updated UAE National Energy Strategy 2050 (MCEI) Abu Dhabi Transport Mobility Mgmt. Strategy (ITC) Water Security Strategy (MOEI) UAE Energy Efficiency Program (MOIAT) Abu Dhabi Surface Transport Master Plan (ITC) UAE National Demand Side Management Strategy (MOEI) Ops. Carbon Footprint reduction (ADNOC) Dubai Autonomous Transportation Strategy (RTA Dubai)EGA Optimisation (EGA) Arkan Cement optimisation (Arkan) Dubai Green Mobility initiative (DSCE) Dubai integrated energy strategy (DSCE) TAQA Net Zero Strategy Emirates Steel optimization (Em.Steel) Sustainability assessment in manufacturing (MOIAT) UAE Green business toolkit (MOCCAE) Etihad Rail National Railway program (Etihad Rail) Dubai Comprehensive Flexible Mobility Plan (RTA Dubai) Legend (1) The United Arab Emirates’ (2) First Long -Term Strategy (LTS) – https://unfccc.int/sites/default/files/resource/UAE_LTLEDS.pdf APPENDIX 43 Abu Dhabi Demand Side Management and Rationalization (DSCE) Dubai Demand Side Management (DSCE) Dubai Clean Energy Plan (DSCE) Dubai Integrated Waste Management Strategy (MOCCAE)
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Second Quarter 2025 Investor Presentation 2015 2016 2017 2018 2019 2020 2021 2022 2023 20242015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20.3% 15.7% 15.0% 16.3% 11.5% 8.3% 11.4% 13.3% 15.1% 15.2% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 APPENDIX Our 10-year journey 44 0.46 4.76 5.07 5.47 5.54 6.06 6.21 6.62 6.94 7.57 8.17 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (3) (3) (3)(1)(1)(1) 0.580.790.76 0.77 1.45 0.80 0.57 0.810.83 0.29 2024202320222021202020192018201720162015 Note: Pre-2019 data is for ADCB standalone entity, while data for 2019 onwards is pro- forma for the combined entity (ADCB, AHB, UNB) (1) Tangible book value per share (2) Restated for stock dividend issued in 2023 (3) Return on average tangible equity 0.45 0.40 0.42 0.550.38 0.27 0.37 0.56 (3)(1) Dividend per share (AED) 0.93 0.77 0.80 0.90 0.70 0.51 0.73 0.86 1.07 1.20 Basic earnings per share (AED) Book value per share(1) (AED) Cost of risk (%) Return on average equity (%) Total shareholder return (%) 21% 1-year TSR 75% 5-year TSR 162% 10-year TSR (1) (3) (2) 0.59 (3)(1)
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Second Quarter 2025 Investor Presentation 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 APPENDIX Our 10-year journey (continued) 45Note: Pre-2019 data is for ADCB standalone entity, while 2019 data is based on pro- forma financials 5.43 5.70 5.95 6.10 7.98 7.95 8.00 9.46 11.41 13.45 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Net profit (AED bn) Operating income (AED bn) Cost to income ratio (%) 4.927 4.157 4.278 4.840 5.244 3.809 5.247 6.434 8.206 9.419 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 34.2 32.9 33.1 33.6 39.6 36.3 34.7 34.1 32.3 31.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 8.26 8.50 8.90 9.18 13.21 12.47 12.26 14.34 16.87 19.48 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Operating profit (AED bn) Impairment charge (AED bn) 0.50 1.52 1.67 1.27 2.66 3.99 2.65 2.78 3.48 2.87
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Second Quarter 2025 Investor Presentation 19.76% 18.92% 19.09% 16.14% 15.48% 16.61% 15.97% 15.77% 16.22% 16.13% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 APPENDIX Our 10-year journey (continued) 46 Note: Pre-2019 data is for ADCB standalone entity, while data for 2019 onwards is pro- forma for the combined entity (ADCB, AHB, UNB) (1) Transitioned to Basel III Capital Adequacy regulations effective February 2017 (2) From 2018 onwards, CAR is reported post proposed dividend as per UAE CB guidelines 146 158 163 166 248 239 244 258 302 35182 100 102 114 157 172 196 239 265 302 228 258 265 280 405 411 440 498 567 653 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total assets and net loans and advances (AED bn) 63 65 71 70 102 128 153 153 167 18681 90 92 107 160 123 112 156 196 235 144 155 163 177 262 251 265 309 363 421 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Customer deposits and CASA (AED bn) Other assets – investments, cash, etc.Net loans and advances Time depositsCASA deposits Capital adequacy ratio(1)(2) (%) Basel IIIBasel II
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Second Quarter 2025 Investor Presentation AED mn Jun’25 Dec’24 ΔYTD% Cash and balances with Central banks, net 53,870 46,223 17 Deposits and balances due from banks, net 58,264 50,214 16 Financial assets at fair value through profit or loss 19,120 12,870 49 Derivative financial instruments 15,392 18,973 (19) Investment securities, net 153,582 142,989 7 Loans and advances to customers, net 378,465 350,638 8 Investment in associates 324 329 (2) Investment properties 1,692 1,716 (1) Other assets, net (1) 29,277 20,005 46 Property and equipment, net 831 1,186 (30) Intangible assets 7,685 7,672 0 Total assets 718,502 652,814 10 Due to banks 16,257 11,277 44 Derivative financial instruments 26,506 23,891 11 Deposits from customers 463,442 421,060 10 Euro commercial paper 11,071 6,153 80 Borrowings 89,375 88,687 1 Other liabilities (2) 35,603 26,179 36 Total liabilities 642,254 577,247 11 Total shareholders’ equity 76,245 75,562 1 Non-controlling interests 4 5 NM Total liabilities and shareholders’ equity 718,502 652,814 10 APPENDIX Balance sheet as at 30 June 2025 47 Note: Figures may not add up due to rounding differences (1) Other assets include assets held for sale (2) Other liabilities include liabilities related to assets held for sale
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Second Quarter 2025 Investor Presentation Quarterly trend Half-yearly trend AED mn Q2’25 Q2’24 ΔYoY% H1’25 H1’24 ΔYoY% Interest and income from Islamic financing 8,637 8,326 4 16,894 16,535 2 Interest expense and profit distribution (4,983) (5,049) (1) (9,846) (9,958) (1) Net interest and Islamic financing income 3,654 3,276 12 7,048 6,577 7 Net fees and commission income 929 809 15 1,749 1,512 16 Net trading income 872 480 82 1,431 1,003 43 Other operating income 273 149 83 513 208 147 Non-interest income 2,074 1,438 44 3,693 2,723 36 Operating income 5,728 4,714 22 10,741 9,300 15 Staff expenses (892) (836) 7 (1,700) (1,596) 7 General administrative expenses (515) (597) (14) (1,068) (1,153) (7) Depreciation and amortisation of intangible assets (104) (102) 2 (208) (203) 3 Operating expenses (1,511) (1,534) (2) (2,975) (2,951) 1 Operating profit before impairment charge & taxation 4,218 3,180 33 7,766 6,349 22 Impairment charge (1,186) (588) 102 (1,832) (1,329) 38 Share in profit of associates 3 1 NM 9 3 NM Profit before tax 3,035 2,593 17 5,942 5,023 18 Income tax charge (1) (467) (276) 70 (928) (568) 63 Net profit (1) 2,568 2,317 11 5,014 4,456 13 APPENDIX Income statement for the six -month period ended 30 June 2025 48 Note: Figures may not add up due to rounding differences (1) For H1 2025, ADCB has provisioned for tax at a rate of 15% based on the Domestic Minimum Top -up Tax (DMTT) introduced by the UAE on 1 January 2025, versus the 9% corporate income tax rate applied in 2024. Therefore year -on year comparison is not on a like- for-like basis
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Second Quarter 2025 Investor Presentation Click to view our reports ADCB Investor Relations adcb.com/annualreport Contact information For more information, please visit our website: adcb.com/ir or contact ADCB Investor Relations at ir@adcb.com 2024 Annual Report adcb.com/integratedreport 2024 Integrated Report adcb.com/esgreport 2024 ESG Report