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Third Quarter 2025 Investor Presentation ABU DHABI COMMERCIAL BANK PJSC Investor presentation adcb.com/ir November 2025
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Third 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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Third Quarter 2025 Investor Presentation 1. ADCB overview 2. UAE – Economic landscape 3. Financial highlights 4. Rights issue update 5. AI & ESG highlights 6. 5-year strategy & guidance 7. Appendix 04 08 12 28 31 35 38
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Third Quarter 2025 Investor Presentation
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Third Quarter 2025 Investor Presentation 5 Third-largest bank by total assets in the UAE Total assets (AED) 744 bn +17% YoY 9.108 bn 9M’25 profit before tax (AED) +18% YoY ADCB at a glance ADCB OVERVIEW 2.1 mn+ Total number of retail customers(4) 76% Total domestic loans 41 ADCB UAE branches 50 ADCB Egypt branches 3 Al Hilal Bank (UAE) 2 ADCB Kazakhstan (1) As at 31 October 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 August 2025, UAE banking operations only (4) Total number of retail customers for ADCB UAE only Domestic investors: 19.32% Foreign investors: 19.99% (Dec 2024: 15.98%) Shareholding structure(1) Mubadala (2): 60.69% Third Quarter 2025 Investor Presentation 16.7% Market share — net loans (3) 14.7% Market share — deposits (3) 5
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Third 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. 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. “ “ A+/Stable/A -1 14 March 2025 A+/F1/Stable 19 February 2025 AA 21 October 2025 14.6 Low Risk 15 October 2025 Strong financial performance and ongoing proactive engagement is driving ratings strength ADCB’s overall ESG -related disclosure follows best practice, signaling strong accountability to investors and the public. In addition, the company's ESG-related issues are overseen by the group sustainability committee, suggesting that these are integrated in its core business strategy . Credit ratings ESG ratings “ “ ADCB’s cybersecurity practices lead those of industry peers. MSCI noted evidence of extensive data protection processes, including certification to external information security management standards and robust compliance programs. “ “ “ “ ADCB OVERVIEW Credit rating upgraded from A+/Stable/A-1 on 14 March 2025 “ “ ADCB also has a comprehensive programme in place to manage product governance, which includes managerial oversight for responsible product offering and marketing and mechanisms in place to receive and investigate customer complaints. The company has a very strong programme in place to manage data privacy issues. It conducts regular employee training on data privacy issues, which are overseen by the bank’s data privacy office. Moreover, ADCB’s reporting includes strong initiatives to address human capital. “ “ The bank leads peers in environmental risk management measures. Notably, it has management systems in place for assessing ESG risks tied to lending, and its board is engaged in climate -related risk mitigation. ADCB leads industry peers in talent management. It has a formal grievance redressal channel to address potential workplace issues. “ “ “ “ “ 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 . 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. Sound earnings generation and high capital retention still underpin ADCB’s capitalisation, which we view as a key rating strength. The increased proportion of GRE and public sector lending in combination with reduced real estate exposure is positive for ADCB’s risk profile. “ “ “ “ “ “ “ “Its consumer financial protection initiatives lead those of industry peers and include a fair advertising policy. “
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Third 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 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 OVERVIEW Third Quarter 2025 Investor Presentation Return on average equity (before tax) Provision coverage ratio 3 Year TSR(2) of 85% with share price +70% 8.00 14.00 Sept’23Sept’22 14.58 8.55 AED 30 Sept’25Sept’24 10.00 12.00 12-month TSR(2): 80%
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Third Quarter 2025 Investor Presentation
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Third Quarter 2025 Investor Presentation 9 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 Source: S&P Global, ADCB Economic Research Source: Central Bank of the UAE, ADCB Economic ResearchSource: Central Bank of the UAE, ADCB Economic Research Index: A reading above 50 indicates an expansion 0 20 40 60 80 Sep- 08 Sep- 10 Sep- 12 Sep- 14 Sep- 16 Sep- 18 Sep- 20 Sep- 22 Sep- 24 Sep- 26 NY Fed Probability of Recession in the US (12- month ahead) 2.0 2.5 3.0 3.5 4.0 0 20 40 60 80 100 120 140 Oct- 18 Oct- 19 Oct- 20 Oct- 21 Oct- 22 Oct- 23 Oct- 24 Oct- 25 UAE Oil Production (RHA) Brent Crude (LHA) 30 35 40 45 50 55 60 65 70 Sep- 18 Sep- 19 Sep- 20 Sep- 21 Sep- 22 Sep- 23 Sep- 24 Sep- 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 23rd of October Market Priced Rate at end -2025 UAE – ECONOMIC LANDSCAPE UAE: Some uptick in loan to deposit ratio in August with credit expansion modestly outpacing deposit growth L-D Ratio (LHA); % change y -o-y (RHA) AED billion UAE: Net system-wide deposits still remains solid in 8M2025, supported by net government deposits (5) 0 5 10 15 20 75 80 85 90 95 100 Aug- 20 Aug- 21 Aug- 22 Aug- 23 Aug- 24 Aug- 25 Loan- to-Deposit Ratio (LHA) Gross Credit Growth, y- o-y (RHA) Deposit Growth, y- o-y (RHA) (200) (100) 0 100 200 300 400 500 600 700 800 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 Q2 25 Aug-25 GRE Net Deposits Government Net Deposits Government and GRE Net Deposits Total System-wide Net Deposits
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Third Quarter 2025 Investor Presentation 10 Strong momentum in key non- oil sectors supporting real GDP growth Dubai: Seeing ongoing 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 1H 2025, 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: Hydrocarbon sector forecast to make a greater contribution to real headline GDP growth in 2025-26 Source: Federal Competitiveness and Statistics Centre, ADCB Economic Research PP contribution to real GDP growth 0 2 4 6 8 10 12 14 16 Wholesale & Retail Trade Manufacturing Financial & Insurance Construction Public Administration & Defence Transportation & Storage Real Estate 0 5 10 15 20 25 30 35 2021 2022 2023 2024 1H2025 20 30 40 50 60 70 80 90 100 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22 Feb-23 Aug-23 Feb-24 Aug-24 Feb-25 Aug-25 Dubai Abu Dhabi UAE 500 700 900 1,100 1,300 1,500 1,700 1,900 2,100 2,300 2,500 January February March April May June July August September October November December 2022 2023 2024 2025 (15) (10) (5) 0 5 10 15 20 25 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024e 2025f 2026f Non- oil Sector Oil Sector Headline Growth 0 1 2 3 4 5 6 7 8 9 Transportation & Storage Financial & Insurance Construction Utilities Accommodation & Food Service Manufacturing Real Estate Wholesale & Retail Trade 1Q2024 1Q2025 UAE – ECONOMIC LANDSCAPE
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Third Quarter 2025 Investor Presentation 11 Robust investment outlook with higher project awards UAE: Total project awards in 9M 2025 already above the 2022 level, adding to project momentum and broader GDP growth UAE: Project awards in the UAE softened in 3Q 2025; We do not see this reflecting a shift in stance – strong projects pipeline remains 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: Retail credit for consumption continued to strengthen in 2Q 2025 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: 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 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 Sep-25 PMI Employment Staff Costs (10) (5) 0 5 10 15 20 0 100 200 300 400 500 600 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 Q2 25 Personal Loans for Consumption Purposes, AED billion (LHA) % change y-o-y (RHA) 0 5 10 15 20 25 30 35 40 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 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 Q2 25 Q3 25 Emirate of Abu Dhabi Emirate of Dubai UAE Total 0 500 1,000 1,500 2,000 0 20 40 60 80 100 120 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M2025 Value of Awards (LHA) Number of Awards (RHA) 0 10 20 30 40 50 60 70 80 Q4'25 Q1'26 Q2'26 Chemical Construction Gas Industrial Oil Power Transport Water UAE – ECONOMIC LANDSCAPE UAE: Jebal Ali throughput volumes solid; deceleration in 3Q 2025 though still expansionary TEU ‘000 * (LHA); % change y -o-y (RHA) (15) (10) (5) 0 5 10 15 20 1,500 2,000 2,500 3,000 3,500 4,000 4,500 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 Q2 25 Q3 25 Jebel Ali Throughput Volume, TEU '000 (LHA) % change y-o-y (RHA)
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Third Quarter 2025 Investor Presentation
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Third Quarter 2025 Investor Presentation Diversified growth by business streams % contribution to 9M’25 operating income FINANCIAL HIGHLIGHTS Highlights 9M’25 key highlights Others (2) 1% AED 0.227 bn Treasury and Investments 24% AED 4.015 bn Retail Banking 26% AED 4.361 bn Private Banking 8% AED 1.411 bn Corporate and Investment Banking 40% AED 6.601 bn 13 AED 16.616 bn • Strong progress on new five -year strategy, with Q3’25 profit before tax up 18% YoY to AED 3.166 bn, marking 17 consecutive quarters of growth. 9M’25 profit before tax (1) increased 18% to AED 9.108 bn • The Group has performed a detailed evaluation and expects to meet the criteria for the Initial Phase of International Activity Exclusion (IAE) provisions. Consequently, the applicable statutory tax rate has been reduced from the DMTT rate of 15% to the UAE Corporate Tax rate of 9% for 9M’25 • Solid pace of credit growth, with AED 104 bn of new credit extended in 9M’25, reflecting sustained demand across key economic sectors. Leading franchise driving deposit momentum, with customer deposits up AED 61 bn YTD , including AED 30 bn of CASA inflows • Well-diversified income streams , with 12% YoY rise in net interest income and deeper customer relationships supporting 34% YoY increase in non -interest income in 9M’25. 9M’25 non-interest income accounted for 34.7% of total operating income vs 30.6% a year earlier • Sustained cost discipline and gains from digital- driven and operational efficiencies resulted in a substantial 420 bps YoY improvement in the cost -to-income ratio at 27.7% in 9M’25 • Five-year cost -of-risk guidance remains unchanged at below 60 bps, while 2025 full -year guidance updated to 63- 68 bps. These levels reflect strong underlying credit quality . The NPL ratio decreased to record low of 1.86% • Amid strong organic growth, ADCB has launched a rights issue of up to AED 6.1 bn to enhance capacity for significant asset growth and deliver long -term shareholder value, while maintaining strong capital buffers as a leading D -SIB • The Bank has also launched an AI transformation programme aiming to unlock AED 4 bn in financial value over the next few years , through revenue generation, cost efficiencies and risk management Note: Figures may not add up due to rounding differences (1) The Group continues to assess the implications of the Domestic Minimum Top -up Tax (DMTT) across all jurisdictions of operation, including eligibility for the Initial Phase of International Activity Exclusion (IAE), which, if applicable, reduces the statutory tax rate from 15% to 9%. Based on its assessment as at 30 September 2025 and proj ections to year -end, the Group expects to meet the IAE eligibility criteria and has accordingly applied a statutory tax rate of 9% for the quarter. In Q3’25, the Group has also reversed the excess tax prov ision recognised in the first half of 2025, which was based on the DMTT rate of 15%. Q3’25 year -on-year and quarter -on-quarter comparisons are therefore 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 Profit before tax increased for 17 consecutive quarters against backdrop of strong macroeconomic fundamentals in the UAE YoY deposit growth YoY net loan growth +17% YoY +19% YoY AED +76 bn AED +57 bn Profit before tax AED 9.108 bn +18% YoY
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Third Quarter 2025 Investor Presentation FINANCIAL HIGHLIGHTS 14 Strong 9M’25 financial performance Note: Figures may not add up due to rounding differences (1) Including Islamic financing (2) After including share in profit of associates (3) The Group continues to assess the implications of the Domestic Minimum Top -up Tax (DMTT) across all jurisdictions of operation, including eligibility for the Initial Phase of International Activity Exclusion (IAE), which, if applicable, reduces the statutory tax rate from 15% to 9%. Based on its assessment as at 30 September 2025 and projections to year -end, the Group expects to meet the IAE eligibility criteria and has accordingly applied a statutory tax rate of 9% for the quarter. In Q3’25, the Group has also reversed the excess tax pro vision recognised in the first half of 2025, which was based on the DMTT rate of 15%. Q3’25 year -on-year and quarter -on-quarter comparisons are therefore 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 aft er deducting coupon payments relating to Tier I capital notes (5) Diluted earnings per share for 9M’25 was AED 1.03 and 9M’24 was AED 0.86 (AED bn) Income statement (AED mn) 9M’25 9M’24 ∆YoY% Total net interest income (1) 10,854 9,721 12 Non-interest income 5,761 4,292 34 Operating income 16,616 14,013 19 Operating expenses (4,599) (4,467) 3 Operating profit before impairment charge 12,016 9,546 26 Impairment charge (2,920) (1,854) 57 Profit before tax (2) 9,108 7,702 18 Income tax charge (3) (1,004) (855) 17 Net profit for the period (3) 8,104 6,846 18 Profit before tax Operating income 9M’25 profit before tax up 18% YoY, with RoAE (post -tax) of 14.7%, driven by diversified revenue streams and cost efficiencies 18% 19% 7.702 9.108 14.013 16.616 9M’24 9M’25 9M’24 9M’25 RoAA(4) 1.45% 9M’24: 1.39% RoATE(4) 16.6% 9M’24: 15.0% RoAE(4) 14.7% 9M’24: 13.2% Basic EPS (5) AED 1.04 9M’24: AED 0.86
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Third 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 3.17 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FINANCIAL HIGHLIGHTS 15 Note: Figures may not add up due to rounding differences (1) Including Islamic financing (2) After including share in profit of associates (3) The Group continues to assess the implications of the Domestic Minimum Top -up Tax (DMTT) across all jurisdictions of operation, including eligibility for the Initial Phase of International Activity Exclusion (IAE), which, if applicable, reduces the statutory tax rate from 15% to 9%. Based on its assessment as at 30 September 2025 and projections to year -end, the Group expects to meet the IAE eligibility criteria and has accordingly applied a statutory tax rate of 9% for the quarter. In Q3’25, the Group has also reversed the excess tax pro vision recognised in the first half of 2025, which was based on the DMTT rate of 15%. Q3’25 year -on-year and quarter -on-quarter comparisons are therefore 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 aft er deducting coupon payments relating to Tier I capital notes (6) Diluted earnings per share for Q3’25, Q2’25 and Q3’24 were AED 0.39, 0.34 and 0.30 respectively Operating income surged 25% YoY in Q3’25 on strong double -digit growth in net interest income and non- interest income (AED bn) 17 quarters of consecutive growth in profit before tax (4) Q3’25 profit before tax (AED bn) 3.166 +18% YoY +4% QoQ 2021 20232022 2025 Income statement (AED mn) Q3’25 Q2’25 Q3’24 ∆QoQ% ∆YoY% Total net interest income (1) 3,806 3,654 3,144 4 21 Non-interest income 2,068 2,074 1,569 0 32 Operating income 5,875 5,728 4,713 3 25 Operating expenses (1,624) (1,511) (1,515) 8 7 Operating profit before impairment charge 4,251 4,218 3,197 1 33 Impairment charge (1,087) (1,186) (525) (8) 107 Profit before tax (2) 3,166 3,035 2,678 4 18 Income tax charge (3) (76) (467) (288) (84) (74) Net profit for the period (3) 3,090 2,568 2,390 20 29 2024 RoAA(5) 1.57% Q3’24: 1.38% RoATE(5) 18.6% Q3’24: 15.5% RoAE(5) 16.6% Q3’24: 13.6% Basic EPS (6) AED 0.40 Q3’24: AED 0.30
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Third Quarter 2025 Investor Presentation (5,332) (4,983) (5,352) 8,476 8,637 9,159 3,144 3,654 3,806 (15,290) (15,198) 25,011 26,052 9,721 10,854 Q3’24 Q2’25 Q3’25 9M’24 9M’25 FINANCIAL HIGHLIGHTS Key highlightsNet interest income (AED mn) 2.41 2.58 2.48 2.49 2.45 2.01 1.89 2.01 1.67 1.68 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Net interest margin Risk-adjusted NIM (2) 6.50 6.41 6.03 5.90 5.90 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 NIM and risk adjusted NIM (%)(1) Cost of funds (%) Asset yield (%)(1) 16 5.09 4.51 4.30 4.29 4.20 5.06 4.49 4.29 4.20 4.14 4.28 4.04 3.72 3.55 3.60 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Cost of funds Average 3M SOFRAverage 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 +21% +12% Q3’25 net interest income up 21% YoY on higher volumes, while NIM remained resilient supported by favourable funding mix 3 rate cuts from Sep’24 to Dec’24 9M’24 2.58 2.08 9M’24 6.63 9M’25 9M’25 5.94 2.47 1.78 4.26 5.19 5.25 9M’24 9M’25 3.62 4.21 4.27 • Q3’25 net interest income of AED 3.806 bn increased 4% QoQ and 21% YoY with higher volumes • Despite a lower interest rate environment, NIM increased 4 bps YoY to 2.45% in Q3’25, reflecting an optimised cost of funds , supported by a higher contribution of CASA balances in the deposit mix and a well -diversified loan portfolio spanning a broad range of economic sectors • Decline in risk -adjusted NIM over the last two quarters is primarily due to higher impairment charges related to legacy corporate accounts. Full -year CoR guidance updated to 63 -68 bps (please see slide 13 and 26) 3 rate cuts from Sep’24 to Dec’24 1 rate cut in Sep’25 1 rate cut in Sep’25
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Third Quarter 2025 Investor Presentation FINANCIAL HIGHLIGHTS Net fees and commission income(2) (AED mn) Key highlights 17 • Well-balanced revenue streams , with contribution of non- interest income to operating income increasing to 34.7% in 9M’25, up from 30.6% a year earlier • Q3’25 non -interest income was AED 2.068 bn, steady sequentially and was up 32% YoY , reflecting higher fees and commission and robust trading income from FX & gains on financial assets at fair value • Q3’25 other operating of AED 449 mn was significantly higher YoY due to gains on sale of loans and on hedging derivatives 16% YoY 9M’25 card -related fees (gross) 14% YoY 9M’25 loan processing fees (gross) Non-interest income (AED mn) Q3’25 Q2’25 Q3’24 ΔQoQ% ΔYoY% 9M’25 9M’24 ΔYoY% Net fees and commission income 971 929 867 5 12 2,720 2,378 14 Net trading income 648 872 625 (26) 4 2,079 1,628 28 Other operating income (1) 449 273 78 64 479 962 286 237 Total non -interest income 2,068 2,074 1,569 0 32 5,761 4,292 34 Non-interest income continues to be a key growth engine, up 34% YoY in 9M’25 with expansion across all line items 9M’25 AED 2,720 mn +14% 9M’24 AED 2,378 mn Asset mgt./investment services: 164 Loan processing fees: 793 Trade finance commission: 503 Accounts related fees: 256 Card related fees: 478 Others (3): 184 Asset mgt./investment services: 196 (20%) Loan processing fees: 874 (10%) Accounts related fees: 421 (64%) Others (3): 183 (stable) Card related fees: 468 (stable) Trade finance commission: 577 (15%) 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. 33.3% 36.2% 35.2% 30.6% 34.7% Q3'24 Q2'25 Q3'25 9M'24 9M'25 Non-interest income/total income
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Third Quarter 2025 Investor PresentationNote: Figures may not add up due to rounding differences Key highlightsCost to income ratioOperating expenses (AED mn) 18 • Cost to income ratio of 27.6% in Q3’25 remained broadly consistent with the quarterly low in Q2’25 , representing a significant improvement of 460 bps YoY, driven by higher operating income combined with sustained cost discipline and digital -driven operating efficiencies • Operating expenses of AED 1.624 bn in Q3’25, were up 7% YoY and 8% QoQ. 9M’25 operating expenses were up 3% YoY at AED 4.599 bn as the Bank continued to invest in talent and technology to drive growth 32.2% 26.4% 27.6% 31.9% 27.7% Q3’24 Q2’25 Q3’25 9M’24 9M’25 Cost to income ratio improved 460 bps YoY to 27.6% in Q3’25 driven by cost discipline and digital- driven operating efficiencies General administrative expensesStaff costs Depreciation & amortisation of intangible assets FINANCIAL HIGHLIGHTS 878 892 914 532 515 591 105 104 120 1,515 1,511 1,624 2,473 2,613 1,685 1,658 308 328 4,467 4,599 Q3’24 Q2’25 Q3’25 9M’24 9M’25 -420 bps-460 bps+3%+7%
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Third Quarter 2025 Investor Presentation CET1 ratio 12.70% CAR 16.00% FINANCIAL HIGHLIGHTS 19 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) Sep’25 Jun’25 Dec’24 Sep’24 ΔQoQ% ΔYTD% ΔYoY% Total assets 744,273 718,502 652,814 638,754 4 14 17 Net interest earning assets 627,196 605,210 555,289 539,197 4 13 16 Net loans and advances to customers 401,356 378,465 350,638 344,014 6 14 17 Net loans and advances to banks 33,723 35,147 30,679 28,176 (4) 10 20 Investment securities 159,292 153,582 142,989 141,434 4 11 13 Deposits from customers CASA Time deposits 482,440 215,936 266,504 463,442 206,937 256,504 421,060 185,869 235,191 406,742 169,421 237,321 4 4 4 15 16 13 19 27 12 Borrowings (including ECP (1)) 102,182 100,446 94,840 96,236 2 8 6 Total shareholders’ equity 79,505 76,245 75,562 73,688 4 5 8 12.56% 12.21% 12.70% Dec’24 Jun’25 Sep’25 16.13% 15.53% 16.00% Dec’24 Jun’25 Sep’25 LTD ratio 83.2% Dec’24: 83. 3% LCR 133.1% Dec’24: 137.3% Liquidity ratio(2) 32.6% Dec’24: 32.4% Solid balance sheet momentum as net loans rise 17% YoY to cross AED 400 bn
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Third Quarter 2025 Investor Presentation FINANCIAL HIGHLIGHTS Net loans (AED bn) Gross loans: AED 413 bn 20 Personal 18% Government & PSE 24% Trading 10% Financial institutions 10% Hospitality 1% Others (1) 24% Real estate investment 12% By economic sector Overdrafts (retail & corporate) 4% Credit cards 2% Mortgages 5% Trade finance 8% Retail loans (2) 11% Corporate loans 71% By product Key highlights • Net loans increased 17% YoY (AED 57 bn) and 14% YTD (AED 51 bn) to AED 401 bn at Sept -end • Key sectors of credit growth during the quarter included GREs, energy, trading, transport and communication, real estate investment and financial institutions • Loans outside the UAE rose 35% YTD to comprise 25% of gross loans, as ADCB accompanies major UAE and regional clients expanding internationally and multinational corporates deepening their presence across the GCC Well-diversified lending portfolio underpinned by continued credit growth across key economic sectors Outside UAE 25% Dubai 20% Other Emirates 5% Abu Dhabi 51% By geography Gross loans by geography (AED bn) 284 285 299 312 70 76 90 102 354 360 390 413 Sep'24 Dec'24 Jun’25 Sep’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 AED 52 bn Repayments in 9M’25 Corporate & Investment Banking Group Private Banking GroupRetail Banking Group 232 238 267 292 65 66 66 6547 47 46 44344 351 378 401 Sep’24 Dec’24 Jun’25 Sep’25 Net loans +17% YoY +6% QoQ +14% YTD AED 104 bn New credit extended in 9M’25
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Third 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 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 20302028 2031 2033 2036 20402030 (continued) 2040 (continued) 2041 2050 2051 2057 2071 2117 21 FINANCIAL HIGHLIGHTS
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Third Quarter 2025 Investor Presentation Well diversified and highly secured real estate portfolio with strict internal caps and underwriting policies 22 Total real estate portfolioCommercial real estate investment (% of total gross loans) 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 82% Portfolio loan to value (LTV) 144% Portfolio coverage ratio (provision + collateral) 73% Exposure to completed income generating projects Gross Loans AED 413 bn Residential mortgages 4% Commercial real estate 12% Rest of the portfolio 84% Commercial real estate composition • Commercial towers • Hotels/hotel apartments • Working capital funding • Shopping malls, etc. FINANCIAL HIGHLIGHTS 39% 28% 27% 24% 22% 17% 14% 12% Dec'18 Dec'19 Dec'20 Dec'21 Dec'22 Dec'23 Dec'24 Sep'25
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Third Quarter 2025 Investor Presentation 741 588 525 1,020 646 1,186 1,087 1,854 2,920 0.67% 0.48% 0.42% 0.72% 0.49% 0.88% 0.82% 0.52% 0.73% Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 9M’24 9M’25 Continued improvement in NPL ratio to new record low of 1.86%, with provision coverage ratio increasing significantly 23 97.5% 110.0% 173.1% 187.3% Sep’24 Dec'24 Jun’25 Sep’25 5,007 4,981 6,066 6,821 4,589 4,740 5,066 5,278 2,598 2,576 2,476 2,42612,194 12,297 13,608 14,524 Sep’24 Dec'24 Jun’25 Sep’25 933 942 658 644 Sep’24 Dec'24 Jun’25 Sep’25 NPL ratio including POCI, net Non-performing loans (AED mn) and NPL ratio 13,176 11,893 8,571 8,325 Sep’24 Dec'24 Jun’25 Sep’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 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 3.45% 2.02% 1.86%3.04% 156% 279% 289%188% 3.69% 2.17% 2.01%3.28% • Loan growth continues to be characterised by a disciplined approach to risk management. Impairments recorded in Q2’25 and Q3’25, primarily stem from a build -up of provisions on a small number of legacy accounts , and is not reflective of the broader credit environment or the quality of the loan portfolio • 5-year guidance remains unchanged at below 60 bps, while full-year guidance for 2025 has been updated to 63-68 bps range. These levels reflect strong underlying credit quality and a well-diversified exposure profile FY’24 Impairment charge: AED 2,874 mn Cost of risk: 0.58%
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Third Quarter 2025 Investor Presentation 24 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% 0.9% 1.5% 1.4% 1.4% 1.4% 1.3% 1.4% 1.4% 1.3% 1.5% 1.6% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 ADCB Market 2.0% 2.3% 2.2% 2.4% 2.4% 2.3% 2.6% 2.8% 2.4% 2.4% 6.1% 6.7% 5.2% 4.6% 4.1% 4.0% 4.0% 4.1% 3.9% 4.1% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 ADCB Market 0.6% 0.7% 1.0% 0.9% 0.5% 0.3% 0.5% 0.5% 0.4% 0.5% 3.0% 2.9% 2.7% 3.7% 3.2% 2.6% 2.5% 2.6% 2.4% 2.2% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 ADCB Market 0.3% 0.2% 0.3% 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% 0.6% Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 ADCB Market FINANCIAL HIGHLIGHTS Total portfolio delinquency 30+ DPD Source: Al Etihad Credit Bureau (AECB) benchmark report 1.0% 0.9% 1.0% 0.9% 1.0% 0.9% 0.8% 0.8% 0.7% 0.9% 3.3% 3.3% 2.8% 2.8% 2.6% 2.5% 2.0% 2.1% 2.0% 2.0% 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 ADCB Market
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Third Quarter 2025 Investor Presentation 25 Highly-rated portfolio of investment securities increased 13% YoY to AED 159 bn, with bonds representing 99.6% of the portfolio FINANCIAL HIGHLIGHTS Investment securities: AED 159,292 mn(2)Investment securities (AED mn) Asia 16% Other GCC countries 20% Europe 16 % Rest of the world 9% Domestic 30% Banks and FI 11% Public sector 17% Others 4% Government 67% Total bond portfolio Government and Non-Government bond portfolio: AED 158,582 mn Level 2 Valuation techniques using observable inputs 2% Level 1 Quoted market prices 98% UAE Sovereign (4) 02% BBB+ to BBB - 10% AAA to AA- 48% A+ to A- 38% BB+ to unrated 3% Maturity profile (AED mn)(3) 141,434 142,989 153,582 159,292 Sep'24 Dec'24 Jun'25 Sep'25 Fair value hierarchy Credit ratings By region By issuer Invested in the UAE and GCC (Dec’24: 53%) 50% Invested in bonds 99.6% +13% 7,125 23,592 22,217 20,695 84,953 2025 2026 2027 2028 2029 & beyond USA 8% Note: Figures may not add up due to rounding differences (1) Includes AED 83 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: 91.0% • Rated BBB+ to BBB- : 7.7% • Rated below investment grade: 1.3% (BB+ and below including unrated) Non-Government bond portfolio • Carried at amortised cost: 52% • Carried at FVTOCI: 48% 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 (1)
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Third Quarter 2025 Investor Presentation 1.8 15.8 31.7 4.2 1.9 3.2 0.7 4.2 3.8 0.1 2.0 5.2 2.1 25.5 20.0 37.5 11.3 5.3 28.0 2025 2026 2027 2028 2029 & beyond 26 Strong franchise drove robust growth in deposits, with CASA up AED 47 bn YoY, representing 62% 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 665 bn CASA deposits Time depositsRetail Banking Private Banking CIBG Treasury 195 206 234 247 89 91 102 10457 58 62 6166 66 66 70407 421 463 482 Sep’24 Dec'24 Jun’25 Sep’25 169 186 207 216237 235 257 267 Sep’24 Dec'24 Jun’25 Sep’25 Customer deposits 73% Euro commercial paper 1 % Other liabilities 6% Derivative financial instruments 4% Borrowings 14% Due to banks 2 % • CASA deposits increased AED 30 bn (+16%) YTD and AED 47 bn (+27%) YoY, accounting for 62% of deposit growth in the last 12 months. CASA represented 45% of total deposits at Sep -end vs. 44% at Dec- end • Corporate CASA deposits up AED 21 bn (+23%) YoY , reflecting strong client engagement and a growing share of cash management and transaction banking activity, while retail CASA grew AED 18 bn (+28%) YoY • As at September -end, ADCB was a net lender of AED 20.1 bn in the interbank markets (2) As at 30 Sep 2025 Total deposits CASA CASA % Contribution to Group’s CASA % Commercial 27,414 23,286 85% 11% CIBG (1) 219,425 89,574 41% 41% PBG 61,237 18,760 31% 9% RBG 104,481 83,901 80% 39% Subtotal 412,557 215,521 52% 100% Treasury 69,882 415 1% 0% ADCB Group 482,440 215,936 45% 100% Note: Figures may not add up due to rounding differences (1) Excludes Commercial (2) Excludes loans to banks of AED 33.7 bn from deposits and balances due from banks, net, but includes certificate of deposits with central banks of AED 3.4 bn and overnight placement with Central Bank of AED 7.6 bn As at 30 September 2025 AED bn Global medium -term notes (GMTN) 35 Repurchase agreements 43 Euro commercial paper 8 Bilateral loans 6 Certificate of deposits 8 Subordinated notes – fixed rates 2 Total 102 Subordinated notes
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Third Quarter 2025 Investor Presentation 1.878 2.574 4.099 4.319 2020 2021 2022 2023 2024 Capital adequacy ratio walkthrough (%)(1) 27 Dividend history and shareholders’ returns (AED bn)Risk weighted assets walkthrough (AED bn) Accelerated loan growth and diversification of portfolio in 9M’25 reflected in capital ratios FINANCIAL HIGHLIGHTS 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% (13.59% including Credit Countercyclical Buffer regu latory requirement for Sep’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 d ividend in lieu of cash of AED 0.37 per share) respectively 382.5 433.916.5 16.5 31.3 35.1 51.5 0.0 3.7 31-Dec-24 ∆ Credit risk ∆ Market risk ∆ Operational risk 30-Sep-25(2) 430.3 CRWA MRWA ORWA Dividend amount 3.827 485.5 0.27 0.37 0.56 0.59 Dividend per share (AED) 0.55 (3) 12.56 11.27 12.70 2.03 1.80 1.54 1.50 1.67 0.08 0.00(0.05) (1.71) (0.12) 16.13 16.00 31-Dec-24 9M’25 net profit ∆ IFRS 9 reserve, FVOCI, book value & eligible provision and others Others ∆ Credit risk ∆ Market risk ∆ Operational risk 30-Sep-25 CET1 ratio AT1 ratio Tier 2 ratio
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Third Quarter 2025 Investor Presentation
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Third Quarter 2025 Investor Presentation 29 ADCB announced a rights issue to raise up to AED 6.1 bn to accelerate the Bank’s organic growth • The rights issue will increase ADCB’s issued share 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 • The new shares will be issued at AED 10.30 per share. This represents a 30% discount to the closing share price on 4 September 2025, the last trading day prior to the announcement • Eligible shareholders will receive rights entitling them to subscribe for one new share for every 12.36 existing shares held • The rights issue has received all necessary approvals from shareholders, the Central Bank of the UAE and the Securities and Commodities Authority Transaction details Majority shareholder’s support (1) As at 4 September 2025, the last trading day prior to the announcement of the rights issue • Mubadala Investment Company PJSC, ADCB’s majority shareholder, has confirmed that it plans to exercise all of its rights to subscribe in full for its proportional entitlement of the new shares offered Accelerating ADCB’s growth momentum • ADCB has significantly scaled its operations and profitability since 2020 • Strong 9M’25 financial performance, marking 17 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 allocated 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 UAE’s largest financial institutions, higher capital buffers have been introduced for ADCB as a Domestic Systemically Important Bank (D -SIB) effective from June 2026 • The rights issue will lift CAR and CET1 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% (1) over the past 12 months • Opportunity for shareholders to participate in the Bank’s continued success, through the subscription for new shares to be issued 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 periodRights Issue Framework – structural features of UAE rights issues • UAE rights issues are not underwritten • No rump placing mechanism for unsubscribed shares • Additional share requests are allocated pro -rata based on demand • Final proceeds are “up to” the announced amount, based on shareholder take- up • Rights are tradable on ADX during the subscription period RIGHTS ISSUE UPDATE
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Third Quarter 2025 Investor Presentation 7.0% 7.0% 0.5% 1.0% 2.5% 2.5% 0.5%10.0% 11.0% Current Proposed CBUAE minimum CET1 requirements Countercyclical buffer (CCyB) Capital conservation buffer (CCB) D-SIB buffer Minimum capital requirement 30 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-end 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 CET1 ratio CAR As at 30 September 2025, UAE Central Bank minimum CET1, Tier 1 and CAR requirements: 10%, 11.50% and 13.50% (13.59% including Credit Countercyclical Buffer regulatory requirement for Sep’25, subject to change every quarter) 12.56% 12.59% 12.21% 12.70% Dec’24 Mar’25 Jun’25 Sep’25 Proposed rights issue 16.13% 16.07% 15.53% 16.00% Dec’24 Mar’25 Jun’25 Sep’25 Proposed rights issue c.120 bps c.120 bps Timeline for the ADCB rights issue 5 November 2025 – Last day for new investors and existing shareholders to purchase existing ADCB shares and be eligible for rights. This accounts for ADX’s T+2 settlement cycle 7 November 2025 – Rights will be granted to shareholders recorded on ADCB’s share register at the close of trading (record date) 10 November 2025 to 24 November 2025 – Rights will be tradable on ADX 18 November 2025 to 4 December 2025 – Rights holders can subscribe for new shares By 11 December 2025 – Allocation of new shares to subscribers On or around 18 December 2025 – Refunds to be issued (if applicable) On or around 26 December 2025 – Trading in the new shares is expected to begin on ADX CCyB +0.5% 1-Jan-26 D-SIB +0.5% 30-Jun-26 RIGHTS ISSUE UPDATE
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Third Quarter 2025 Investor Presentation
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Third 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 32 AI & ESG HIGHLIGHTS 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 Microsoft – UAE AI partnership (2025) Microsoft will invest USD 15.2 bn in the UAE through 2030 as part of a strategic collaboration to advance sovereign AI and secure cloud infrastructure. This initiative accelerates innovation in large language models and supports the nation’s digital transformation AI and Advanced Technology Council (AIATC) (2025) H.H. Sheikh Mohamed bin Zayed Al Nahyan has reconstituted the AIATC, chaired by H.H. Sheikh Tahnoon bin Zayed Al Nahyan. The Council drives AI policy, investment, and research, supporting Abu Dhabi’s goal to become the world’s first fully AI-native government by 2027
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Third Quarter 2025 Investor PresentationThird Quarter 2025 Investor Presentation Launch of AI-led transformation programme, embedding artificial intelligence at the core of the Bank’s business model 33 • AI-led sales model, with enhanced customer relationship management (CRM), data intelligence and hyper -personalised targeting • Service model with experiences reimagined through AI, embedded across all channels • Transforming the Bank’s operating and business model • Service model automation, enabling self service and straight through processing (STP) • Strengthened risk and compliance capabilities • Streamlined internal front- office and back - office processes AI transformation programme – a key catalyst to deliver our medium-term strategy Efficiencies & productivity gains by AI Revenue generation enabled by AI A comprehensive roadmap for an at -scale AI transformation • 150+ AI use cases being activated at an accelerated pace over the coming years, supported by significant investments in scalable infrastructure and cloud capabilities and robust data foundations • Hyper-personalised product offerings and intelligent support for customers • Several AI platforms already in use by the Board, Executive Management and employees, and strategic partnerships with global AI leaders have been formed to accelerate AI integration With robust governance, dedicated leadership and delivery capacity • A Chief AI Officer leads a specialised AI team focused on execution across all lines of businesses • ADCB executive leadership team accountable for AI programme delivery , with hands -on involvement • ADCB remains firmly committed to use AI responsibly with clear accountability and governance in place To reinforce strategic competitiveness and establish ADCB as the AI market leader in banking • Embedding AI across 100% of processes to unlock AED 4 bn in financial value over the next few years through additional revenue generation, cost efficiencies and risk management • Delivering long-term value through enhanced customer experience, strengthened compliance and risk capabilities , including fraud detection, cybersecurity and operational resilience AI & ESG HIGHLIGHTS Roadmap Mobilisation Ambition For further details, please visit adcb.com/AI
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Third Quarter 2025 Investor Presentation ESG Ratings 34 • ADCB’s 2025 Green Bond Report , published in September, reported a 19% YoY increase in the Eligible Green Loan Portfolio as at 30 June 2025. Proceeds have been directed towards diverse sectors, including renewable energy, sustainable real estate, and water management projects, underscoring ADCB’s commitment to mobilising capital for the low -carbon transition • The Bank received the 2025 Nafis Diamond Award for its achievements in Emiratisation , with UAE nationals now representing 40% of the total employee base, 98% of branch managers and 40% of leadership positions. This has led to ADCB exceeding its Emiratisation targets across senior management and internal governance committees • ADCB’s ESG Report won “Best ESG and Sustainability Report – Large Cap” at the Middle East Investor Relations (MEIRA) Association Awards ADCB published its 2025 Green Bond Report and climbs to 6 th place globally in Bloomberg ESG ranking of commercial banks 6th globally in Bloomberg ESG score (1) As at 01 October 2025 The Bank’s Bloomberg ESG score has also recently been upgraded, ranking ADCB as the 6 th commercial bank globally and 1st in the UAE (1) 20 September 2024 14 October 2024 14.6 Low Risk 0-10 Negl. Low High SevereMed 10- 20 20- 30 30- 40 +40 23 December 2024 ESG score 3.7 ESG Reports adcb.com/greenbondreport ADCB Green Bond Report adcb.com/esgreport ADCB Group ESG Report Bank Country ESG score(1) 1. Woori Financial Korea 7.0 2. Mega Financial Taiwan 7.0 3. Caixabank Spain 6.9 4. O-Bank Taiwan 6.9 5. DNB Norway 6.8 6. ADCB UAE 6.7 7. Amalgamated Bank US 6.6 8. Banco Santander Chile 6.6 9. BNP Paribas Bank Poland 6.5 10. DBS Group Singapore 6.5 #1 bank in UAEJoint #1 bank in UAE For further details on our approach to sustainability and related policies visit adcb.com/esg Q3’25 progress vs. sustainable finance target Commit to lend, invest, and facilitate AED 125 bn (USD 34 bn) by 2030 69.3 50 125 Progress 2021 – Q3'25 2025 Target 2030 Target (AED bn) AI & ESG HIGHLIGHTS
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Third Quarter 2025 Investor Presentation
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Third Quarter 2025 Investor Presentation Key highlights ADCB’s new 5-year strategy for a sustained pace of growth 36 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 5-YEAR STRATEGY & GUIDANCE
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Third Quarter 2025 Investor Presentation 5-YEAR STRATEGY & 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 37 Summary • Strong progress in implementation of ADCB’s five -year strategy , driving accelerated growth and operational efficiencies • Well-diversified income base, with balanced contributions from interest and fee- generating businesses • Strong loan growth across key sectors, while solid CASA inflows support a favourable funding mix • Strategic initiatives launched to enable continued growth, including the AI transformation programme and AED 6.1 bn rights issue For more please visit: adcb.com/strategyannouncement 5-year guidance 2025 guidance CET1 ratio >12% >12% Cost of risk (1) <60 bps 63-68 bps ROE >15% c.15% Profitability Double net profit to AED 20 billion within five years; c.20% annual growth rate Unchanged 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 Unchanged
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Third Quarter 2025 Investor Presentation
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Third 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 39 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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Third Quarter 2025 Investor Presentation 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 APPENDIX Our 10-year journey (continued) 40Note: 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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Third 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) 41 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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Third Quarter 2025 Investor Presentation AED mn Sep’25 Dec’24 ΔYTD % Cash and balances with Central banks, net 48,558 46,223 5 Deposits and balances due from banks, net 59,328 50,214 18 Financial assets at fair value through profit or loss 19,484 12,870 51 Derivative financial instruments 13,074 18,973 (31) Investment securities, net 159,292 142,989 11 Loans and advances to customers, net 401,356 350,638 14 Investment in associates 326 329 (1) Investment properties 1,530 1,716 (11) Other assets, net 32,729 20,005 64 Property and equipment, net 687 1,047 (34) Intangible assets 7,671 7,672 0 Right of use assets, net 239 139 72 Total assets 744,273 652,814 14 Due to banks 16,483 11,277 46 Derivative financial instruments 26,264 23,891 10 Deposits from customers 482,440 421,060 15 Euro commercial paper 8,032 6,153 31 Borrowings 94,149 88,687 6 Other liabilities 37,395 26,179 43 Total liabilities 664,764 577,247 15 Total shareholders’ equity 79,505 75,562 5 Non-controlling interests 4 5 (17) Total liabilities and shareholders’ equity 744,273 652,814 14 APPENDIX Balance sheet as at 30 September 2025 42Note: Figures may not add up due to rounding differences
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Third Quarter 2025 Investor Presentation Quarterly trend YTD trend AED mn Q3’25 Q3’24 ΔYoY% 9M’25 9M’24 ΔYoY% Interest and income from Islamic financing 9,159 8,476 8 26,052 25,011 4 Interest expense and profit distribution (5,352) (5,332) 0 (15,198) (15,290) (1) Net interest and Islamic financing income 3,806 3,144 21 10,854 9,721 12 Net fees and commission income 971 867 12 2,720 2,378 14 Net trading income 648 625 4 2,079 1,628 28 Other operating income 449 78 NM 962 286 NM Non-interest income 2,068 1,569 32 5,761 4,292 34 Operating income 5,875 4,713 25 16,616 14,013 19 Staff expenses (914) (878) 4 (2,613) (2,473) 6 General administrative expenses (591) (532) 11 (1,658) (1,685) (2) Depreciation and amortisation of intangible assets (120) (105) 13 (328) (308) 6 Operating expenses (1,624) (1,515) 7 (4,599) (4,467) 3 Operating profit before impairment charge & taxation 4,251 3,197 33 12,016 9,546 26 Impairment charge (1,087) (525) 107 (2,920) (1,854) 57 Share in profit of associates 3 6 NM 11 10 NM Profit before tax 3,166 2,678 18 9,108 7,702 18 Income tax charge (1) (76) (288) (74) (1,004) (855) 17 Net profit (1) 3,090 2,390 29 8,104 6,846 18 APPENDIX Income statement for the nine- month period ended 30 September 2025 43 Note: Figures may not add up due to rounding differences (1) The Group continues to assess the implications of the Domestic Minimum Top -up Tax (DMTT) across all jurisdictions of operati on, including eligibility for the Initial Phase of International Activity Exclusion (IAE), which, if applicable, reduces the statutory tax rate from 15% to 9%. Based on its assessment as at 30 September 2025 and projections to year -end, the Group expects to meet the IAE eligibility criteria and has accordingly applied a statutory tax rate of 9% for the quarter. In Q3’25, the Group has also reversed the excess tax provision recognised in the first half of 2025, which was based on the DMTT rate of 15%. Q3’25 year -on-year and quarter -on-quarter comparisons are therefore not on a like- for-like basis
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Third 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 adcb.com/greenbondreport ADCB Green Bond Report