Slides
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Sub title can be added here DIB Investor Presentation H1 2025
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Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This presentation may contain statements about future events and expectations that are forward-looking statements. These statements typically contain words such as “expects” and “anticipates” and words of similar import. Any statement in this presentation that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the presentation. Neither Dubai Islamic Bank P.J.S.C. (“DIB”), nor any of its shareholders, directors, officers or employees assume any obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. This presentation and its contents are confidential and are being provided to you solely for your information and may not be retransmitted, further distributed to any other person or published, in whole or in part, by any medium or in any form for any purpose. In particular, this presentation is not for distribution to retail clients. If handed out at a physical investor meeting or presentation, this presentation should be returned promptly at the end of such meeting or presentation. If this presentation has been received in error it must be returned immediately to DIB. The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. DIB relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. No reliance may be placed for any purposes whatsoever on the information contained in this presentation, or any other material discussed verbally, or on its completeness, accuracy or fairness. The information in this presentation is subject to verification, completion and change. The contents of this presentation have not been independently verified. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of DIB or any of its shareholders, directors, officers or employees or any other person as to, and no reliance should be placed on, the accuracy, completeness or fairness of the information or opinions contained in this presentation. Neither DIB nor any of their shareholders, directors, officers or employees nor their respective advisers and/or agents undertake any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. Any investment activity to which this communication may relate is only available to, and any invitation, offer, or agreement to engage in such investment activity will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this presentation or any of its contents. The distribution of this presentation in other jurisdictions may also be restricted by law, and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. This presentation contains data compilations, writings and information that are proprietary and protected under copyright and other intellectual property laws, and may not be redistributed or otherwise transmitted by you to any other person for any purpose. Additionally, this presentation contains translations of currency amounts solely for the convenience of the reader, and these translations should not be construed as representations that these amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. 2
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3 1 Macro-economic Overview 2 Financial Performance 3 Business Performance 4 Summary Contents Macro-economic Overview 5 Appendix
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55 65 75 85 95 105 Jan-24 Mar-24 May-24 Jul-24 Sep-24 Nov-24 Jan-25 Mar-25 May-25 KSA : $92 UAE : $50 Qatar : $45 Kuwait : $80 4 GCC region is poised for healthy growth in 2025 given its strong fundamentals despite volatility in oil price Sources: UAE CB, Reuters Refinitiv 3.0% 4.4% 2.4% 1.9% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% KSA UAE Qatar Kuwait Real GDP Growth (2025F, %)Brent Oil (USD/barrel) 23.6% 0.04% 2.9% -4.9% -10.0% 0.0% 10.0% 20.0% 30.0% 2025f 29% 31% 39% 12% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% KSA UAE Qatar Kuwait Budget Surplus/Deficit (% of GDP ; 2025F) Debt as % of GDP (2025F) Fiscal Breakeven Oil Price (USD/bbl) KSA UAE Qatar Kuwait
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1.3 1.4 0.4 0.5 0.3% 0.8% 1.3% 1.8% 2.3% 2.8% 3.3% 3.8% 4.3% 4.8% 0.0 0.5 1.0 1.5 2.0 2.5 2024 2025f Non-hydrocarbon GDP Hydrocarbon GDP Overall GDP 3.5 3.7 3.9 '22 '23 '24 5 UAE economy expected to grow by 4.4% in 2025; Dubai’s key economic drivers trending in the right direction Sources: CBUAE, Dubai Statistics Center Dubai Tourism Indicators (Visitors – Mn)Dubai Real Estate (Sale Transactions ‘000)Dubai Population (Mn) +5.5% YoY 5.2 4.1 4.0 5.4 5.3 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 +3% YoY 37.0 43.2 50.2 49.9 45.4 52.5 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 55.0 55.0 54.0 54.0 53.3 53.5 48.0 50.0 52.0 54.0 56.0 58.0 60.0 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 1.8 1.9 21% YoY UAE PMIUAE Non-Oil GDP Breakdown (2024)UAE GDP (AED Tn) Trade 16.8% Manufacturing 13.5% Finance & Insurance 13.2% Construction 11.7% Real Estate 7.8% Transport & Storage 6.9% Social Security 6.9% Professional Services 5.8% Others 17.4% AED 1.34 Tn +5% YoY 4.0% 4.4%
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6 UAE banking sector continues its robust growth while maintaining strong capital and liquidity metrics Sources: CBUAE UAE Banking Credit (AED Bn) UAE Banking Deposits (AED Bn) UAE Banks’ Capital Ratios (%) UAE Banks’ Loan to Deposit Ratio (%) 2,436 2,471 2,548 2,603 2,688 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 77.0% 78.0% 78.3% 76.6% 76.3% 65.0% 70.0% 75.0% 80.0% 85.0% 90.0% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 LDR Ratio 18.0% 18.3% 18.6% 17.8% 17.6% 16.7% 17.0% 17.2% 16.4% 16.2% 12.0% 14.0% 16.0% 18.0% 20.0% 22.0% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 CAR Tier 1 +9.5% YoY +10.3% YoY 2,047 2,101 2,162 2,181 2,240 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25
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7 1 Macro-economic Overview 2 Financial Performance 3 Business Performance 4 Summary Contents Macro-economic Overview 5 Appendix
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8 H1’25 Key Performance Highlights Net Financing & Sukuks AED 327 Bn Deposits AED 284 Bn Net Profit (pre-tax) 16% YoY AED 4.3 Bn 18% YoY 21% YoY Macro-economic Backdrop: ▪ Despite geo-political tensions & tariff uncertainties, GCC region continues to be strong and resilient. ▪ In the UAE, economic activity across oil and non-oil sectors are growing with little impact from recent geo-political events; non-oil now constitutes nearly 75% of the GDP Key Performance Highlights: ▪ Profit Before Tax grew by 16% YoY due to strong core business growth, non-funded income and lower credit costs. ▪ The Bank is successfully executing its growth story, H1’25 net financing assets grew by 12% YTD. ▪ DIB crossed the “USD 100 Bn” mark for its total assets as balance sheet expanded by 8% ▪ Customer deposits grew by 14% YTD, ensuring ample liquidity for credit growth ▪ Asset quality improvement theme continues; NPF ratio fell by 64 bps YTD to 3.36% as cash coverage crosses 100% Key Business Highlights: ▪ 2025 sees DIB reach a historic milestone as it commemorates its 50th year of continued growth and progress. ▪ Total UAE customer base now crosses 1.6 Mn.
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1,851 1,870 2,281 3,003 2,108 2,201 20% 20% 22% 24% 22% 21% 10%11%12%13%14%15%16%17%18%19%20%21%22%23%24% -400 100 600 1,100 1,600 2,100 2,600 3,100 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Qtly. Net Profit (pre-tax) Cumm. RoTE (pre-tax) 9 • Operating Revenue growth of 16% growth as core businesses across consumer and wholesale show robust uptick • Impairment charges declined by 61% YoY, AED 256 Mn for H1 2025 as asset quality continues to improve. • Strong profitability generated; growth of 16% and 10% respectively for Profit before & after tax. • RoTE (before tax) of 21% delivered, higher by 100 bps YoY. 1% 16% 7% (61%) AED Mn H1’25 H1’24 YoY % Q2 ’25 Q1 ‘25 QoQ % Net Funded Income 4,314 4,283 1% 2,122 2,192 (3%) Non-Funded Income 2,059 1,775 16% 1,097 962 14% Operating Revenue 6,373 6,058 5% 3,219 3,154 2% Operating Expenses (1,807) (1,686) 7% (925) (883) 5% Operating Profit 4,565 4,373 4% 2,294 2,271 1% Net Impairment Charges (256) (652) (61%) (93) (163) (43%) Net profit (before tax) 4,309 3,721 16% 2,201 2,108 5% Income Tax (579) (343) 69% (268) (311) (14%) Net Profit (after tax) 3,730 3,378 10% 1,933 1,797 8% RoTE (before tax) 21% 20% 100bps 21% 22% (100bps) RoTE (after tax) 18% 18% - 18% 18% - RoA (before tax) 2.4% 2.4% - 2.5% 2.5% - RoA (after tax) 2.1% 2.2% (10bps) 2.2% 2.1% 10bps 3,721 31 284 (121) 396 4,309 Net Profit (before tax) H1'24 Net Funded Income Non Funded Income Operating Costs Impairments Net Profit (before tax) H1'25 - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 H1‘25 Highlights 16% Profitability & Returns (before tax, AED Mn & %) Pre-tax Profit Movement (AED Mn) RoTE - Being the ratio of annualized net profit attributable to shareholders to average shareholders’ equity adjusted for estima ted proportionate dividend and excluding Tier 1 issuances. RoA - Being the ratio of annualized net profit for the group to average total assets. * Figures pertain to Q4’24 except return ratios which are for FY’24. Income Statement: Solid progress across key metrics contributed to 16% growth in Net Profit before tax
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6.5% 6.4% 6.5% 6.5% 5.8% 5.8% 4.0% 4.0% 4.0% 4.0% 3.4% 3.4% 3.0% 3.0% 3.0% 3.0% 2.9% 2.7% 1.0% 3.0% 5.0% 7.0% Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Yield Cost of Funds Profit Margin 2,148 2,135 2,144 2,522 2,192 2,122 - 500 1,000 1,500 2,000 2,500 3,000 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 10 Non-Funded Income (AED Mn) Net Funded Income (AED Mn) 483 429 330 506 505 427 6 7 1 3 1 8 64 75 90 112 101 122 47 338 182 172 173 208109 34 136 206 77 167 141 42 144 230 105 165 0 200 400 600 800 1000 1200 1400 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Fees/Comm & FX Inc. / loss other inv. Inc. from Prop HFS Inc. from Inv. Prop. Inc. from Assoc. & JVs Other Income 924 883 1,229 962 1,097 850 Yields / CoF / Margin (%) H1’25 Non-Funded Income Composition (%) Fees & Commission 45% Income from investment properties 19% Income from properties (HFS) 11% Other Income 13% Share of profit from associates and JVs 12% AED 2,059 Mn Revenue Drivers: Robust growth in core non-funded income supported by stable funded income; marginal decline in profit margins
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Operating Expenses (AED Mn) & Cost to Income (%) Operating Expenses Movement (AED Mn) 11 1,686 105 5 11 1,807 H1 '24 Personnel General & Admin Depreciation H1 '25 - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 H1’25 Operating Expenses Composition Personnel 59% General & Administrative 33% Depreciation 8% AED 1,807 Mn 849 836 869 871 883 925 28.3% 27.8% 28.1% 26.7% 28.0% 28.4% 10.0% 15.0% 20.0% 25.0% 30.0% 400 500 600 700 800 900 1000 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Operating Costs Cost-to-Income Ratio 2,149 2,223 2,158 2,880 2,271 2,294 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Operating Profit (AED Mn) 11% 1% 9% Operating Efficiency: Marginal Opex growth due to on-going technology and digital upgrade costs 7% +3% YoY
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12 AED Bn H1’25 FY’24 YTD % H1’24 YoY % Net Financing Assets 237 212 12% 199 19% Sukuk Investments 89 82 9% 79 14% Net Financing Assets & Sukuk Investments 327 295 11% 278 18% Total Assets 373 345 8% 323 16% Customer Deposits 284 249 14% 234 21% Sukuk financing instruments 21 24 (11%) 24 (11%) Equity 50 53 (5%) 47 6% Total Liabilities including Equity 373 345 8% 323 16% NPF ratio 3.36% 4.00% (64 bps) 4.99% (163 bps) CET1 13.0% 13.2% (20 bps) 13.7% (70 bps) CAR 16.7% 18.3% (160 bps) 18.1% (140 bps) Tier 1 15.5% 17.2% (170 bps) 16.9% (140 bps) H1‘25 Highlights • Net Financing Assets grew by 12% YTD on the back of gross new underwriting of AED 49 Bn in retail and wholesale business. • Sukuk Portfolio also grew strongly by 9% YTD to AED 89 Bn. • Robust increase of 14% YTD in Customer Deposits to AED 284 Bn. • Sustained improvements in Asset Quality with NPF Ratio improving by 64 bps to 3.36%. • Capital ratios remain solid with CET1 ratio of 13.0% and CAR ratio of 16.7% 327 323 329 345 355 373 290 300 310 320 330 340 350 360 370 380 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 236 234 237 249 265 284 0 50 100 150 200 250 300 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 21% YoY Total Assets (AED Bn) Total Deposits (AED Bn) +16% YoY Balance Sheet: Asset growth in H1’25 led by AED 60 Bn of gross new underwriting in financing assets & sukuk portfolio
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13 Net Financing Assets 64% Sukuk Investments 24% Cash & CB balances 6% Investments in equities & properties 2% Other Assets 3% Due from banks & FI 1% AED 373 Bn 201 199 207 212 223 237 180 190 200 210 220 230 240 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 76 79 79 82 84 89 65 70 75 80 85 90 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Total Asset Composition (Q2 ’25,%) Gross Financing by Sector (Q2 ’25,%) Net Financing Assets (AED Bn) Sukuk Investments (AED Bn) 19% YoY 14% YoY Consumer Financing 30% Government 13% Real Estate 11% Aviation 7% Financial Institutions 6% Manufacturing 5% Utilities 5% Auto 4% Trade 4% Others 15% AED 244 Bn Total Assets: Financing Portfolio remains well-diversified; Real Estate exposure is now only 11% of bank’s financing book
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126% 127% 132% 138% 139% 145% 93% 95% 97% 97% 98% 103% 80% 100% 120% 140% 160% Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Total Coverage (%) Cash Coverage (%) 9,636 10,077 10,305 8,851 8,877 9,244 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 1,000 3,000 5,000 7,000 9,000 10,620 10,600 9,368 9,138 8,662 8,293 4.97% 4.99% 4.27% 4.00% 3.70% 3.36% 6,000 7,000 8,000 9,000 10,000 11,000 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 NPF (AED Mn) NPF Ratio (%) 299 353 -122 -123 163 93 0.40% 0.44% 0.26% 0.14% 0.20% 0.16% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% 0.40% 0.45% -200 -100 0 100 200 300 400 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Qrtly. Impairment charges (AED Mn) Cumm. CoR 1NPF ratio includes Bilateral Sukuk and is calculated as the sum of individually impaired Financing Assets; 2Total Coverage Ratio is calculated as the sum of provisions held including regulatory credit risk reserve (if any) and collateral held relating to facilities individually determined to be impaired divided by non-performing financing. *Includes Purchased or Originated Credit Impaired (POCI) through Noor Bank acquisition Cost of Risk – Being ratio of net impairment charge on financing assets, sukuk and overdraft charge to the aggregate gross outstanding balances of financing assets, sukuk investments and overdrawn accounts. 14 NPF* (AED Mn) and NPF Ratio1 (%) Impairment charges (AED Mn) and Cost of Risk (CoR %) Total2 and Cash Coverage Ratios (%)Total Provisions (AED Mn) Asset Quality (1/2) : NPF ratio fell to its lowest level in the last 5 years while Coverage ratios further strengthened (163 bps) YoY (24 bps) YoY +18 pps YoY +8 pps YoY
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896 1,080 1,126 792 866 1,076 1,149 1,069 1,038 846 925 685 6,230 6,311 6,002 5,123 4,996 4,993 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Stage 1 Stage 2 Stage 3 + POCI 88.1% 88.4% 89.1% 90.9% 92.0% 92.5% 6.9% 6.5% 5.8% 5.0% 4.3% 4.1% 5.1% 5.1% 5.1% 4.2% 3.8% 3.4% 75.0% 80.0% 85.0% 90.0% 95.0% 100.0% 105.0% Q1'24 Q2'24 Q3'24 Q4'24 Q1 '25 Q2 '25 Stage 1 Stage 2 Stage 3 + POCI 15 Stage 3 Gross Exposures (AED Bn)Stage 2 Gross Exposures (AED Bn)Stage 1 Gross Exposures (AED Bn) 11 11 9 9 9 8 2 3 4 5 6 7 8 9 10 11 12 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 14 13 12 11 10 10 5 6 7 8 9 10 11 12 13 14 15 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 184 184 192 199 211 225 100 120 140 160 180 200 220 240 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 ECL Provisions & ECL Coverage by Stage (AED Mn, %)Gross Financing Assets by Stage (%) 7.5% 60.2% 6.8% 0.5%0.6% 7.9% 59.5% 11.6% Asset Quality (2/2) : Marked decline in stage 2 & stage 3 exposures to 7.5% of gross financing book 22% YoY (23%) YoY (27%) YoY
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Wholesale 66% Consumer 34% 16 AED 284 Bn (+14% YTD) 168% 146% 140% 159% 133% 128% 106% 108% 105% 112% 105% 107% 0% 50% 100% 150% 200% Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Liquidity Coverage Ratio (%) NSFR (%) Funding Sources (Q2 ’25, %) Deposits (AED Bn) and CASA (%) Deposits 76% Equity 13% Sukuk Financing 6% Other Payables 4% Due to banks 1% AED 373 Bn (+16% YoY) Customer Deposits Breakdown (Q2 ’25,%)LCR and NSFR Ratio (%) 236 234 236 248 264 284 38% 42% 38% 38% 37% 36% 1% 6% 11% 16% 21% 26% 31% 36% 41% 46% 100 120 140 160 180 200 220 240 260 280 300 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Total Deposits CASA % Liquidity: Customer deposits grew by 14% YTD with stable CASA levels 21% YoY
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17.5% 18.1% 18.3% 18.3% 17.3% 16.7% 13.1% 13.7% 13.9% 13.2% 13.4% 13.0% 16.4% 16.9% 17.1% 17.2% 16.1% 15.6% Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 CAR CET1 Ratio Tier 1 17 32.9 34.4 36.1 34.0 35.6 36.8 8.3 8.3 8.3 10.1 7.3 7.32.9 2.9 3.0 2.9 3.1 3.2 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 CET 1 AT1 Tier 2 47.3 47.0 46.045.644.1 47.4 1 Refers to Regulatory Capital under Basel III; * RCRR movement (Retained Earnings) Regulatory Capital1 (AED Bn) Regulatory Capital Ratios (%) CET1 Movement (AED Bn) RWA Movement (AED Bn) 257.2 24.6 1.3 0.8 283.9 RWAs FY '24 Credit RWAs Market RWAs Op RWAs RWAs H1'25 0.0 50.0 100.0 150.0 200.0 250.0 300.0 Regulatory Capital: Optimal capital levels maintained despite strong H1’25 growth 34.0 3.6 (0.4) (0.1) (0.3) (0.1) 36.8 CET1 FY '24 Net Profit Retained Earnings* OCI Movement AT1 Payment Others CET1 H1 '25 - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0
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18 1 Macro-economic Overview 2 Financial Performance 3 Business Performance 4 Summary Contents Macro-economic Overview 5 Appendix
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• Strong growth momentum in consumer business continues with 13% YTD growth in net assets to AED 71 Bn. • Growth was led by strong performance across home finance, auto finance and cards • The bank added nearly 60k new customers in H1’25. • H1’25 revenue grew by 2% YoY to AED 2.3 Bn. 19 Gross Assets by product (H1’25, %)Revenue and Gross Yields (AED Mn,%)* * Segmental results for current and prior years reflect results in accordance with enhanced management account policies for cost allocation and transfer pricing. Personal Finance 33% Cards 7% Auto Finance 18% Home Finance 42% AED 74 Bn Net Financing Assets (AED Bn) 57 60 61 63 68 71 35 40 45 50 55 60 65 70 75 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 90 92 90 90 94 98 50 60 70 80 90 100 110 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 47 49 47 47 50 51 52% 53% 52% 52% 53% 52% 10% 30% 50% 70% 90% 1 11 21 31 41 51 61 Q1 '24 Q2 24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 AED Bn % of Deposits Key Highlights: CASA Balances (AED Bn)Deposits (AED Bn) 18% YoY 955 986 912 907 964 945 176 157 140 148 288 129 6.99% 7.01% 6.91% 6.86% 6.70% 6.66% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 0 200 400 600 800 1,000 1,200 1,400 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Net Funded Income Non Funded Income Gross Yields 4% YoY 7% YoY 1,143 1,074 (6%) YoY Consumer Business: Strong growth across asset products; customer deposits grew by 9% YTD
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589 509 449 1004 613 539 200 210 211 235 125 203 6.71% 6.73% 6.68% 6.70% 5.80% 5.75% 0.02 0.04 0.06 0.08 0 200 400 600 800 1,000 1,200 1,400 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Net Funded Income Non Funded Income Gross Yields • Assets grew by 11% YTD to now reach AED 166 Bn, supported by AED 30 Bn in Gross new underwriting in H1’25, a strong increase of 78% vs H1’24. • Growth was driven by key sectors such as aviation, FIs and utilities. • The Cross-Border business grew strongly, especially within the GCC region 20 Net Financing Assets (AED Bn) 144 139 146 149 155 166 100 110 120 130 140 150 160 170 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 144 141 147 157 169 186 100 110 120 130 140 150 160 170 180 190 200 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 40 45 42 45 47 51 28% 32% 29% 29% 28% 27% 5% 15% 25% 35% 45% 55% 65% 75% 85% 95% 25 30 35 40 45 50 55 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 AED Bn % of Deposits Auto 6% Aviation 10% Contracting 1% FIs 8% Govt 19% Mfg. 8%Oil & Gas 1% Real Estate 16% Services 19% Trade 5% Utilities 6% Gross Assets by sector (H1’25,%) Key Highlights: CASA Balances (AED Bn)Deposits (AED Bn) 719 742 Revenue and Gross Yields (AED Mn,%)* * Segmental results for current and prior years reflect results in accordance with enhanced management account policies for cost allocation and transfer pricing. AED 172 Bn 19% YoY 13% YoY 32% YoY 3% YoY Local & Cross-Border Corporate Business: Solid H1’25 performance led by 11% YTD growth in assets & 18% YTD growth in deposits
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FIs 13% Government 65% Others 4% Services 18% 76 79 79 82 84 89 55 75 95 Q1 '24 Q2 '24 Q3 '23 Q4 '24 Q1 '25 Q2 '25 • Sukuk portfolio grew by 9% YTD to AED 89 Bn. • H1’25 Treasury revenue grew by 18% YoY to AED 1.4 Bn. • Sovereigns & FIs are the largest portion of the book combining 78% of total sukuk portfolio. AED 89 Bn 21 Sukuks (AED Bn) Gross Sukuks by sector (H1’25,%) Key Highlights 525 574 474 608 569 646 82 70 145 69 75 74 4.83% 4.81% 4.79% 4.99% 4.99% 4.89% 2.00%2.20%2.40%2.60%2.80%3.00%3.20%3.40%3.60%3.80%4.00%4.20%4.40%4.60%4.80%5.00%5.20%5.40%5.60%5.80%6.00% - 100 200 300 400 500 600 700 800 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Net Funded Income Non Funded Income Gross Yields 644 720 Revenue and Gross Yields (AED Mn,%)* * Segmental results for current and prior years reflect results in accordance with enhanced management account policies for cost allocation and transfer pricing. 13% YoY 12% YoY Treasury Business: 9% YTD growth in the sukuk portfolio; revenue growth driven by continued high yields
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Digital: Bank continues to add more digital users with increased pace of customer acquisition digitally 22 ➢ 80% of New-to-Bank customers onboarded digitally, contributing to the bank’s CASA balances’ growth. ➢ Over AED 55 Mn Personal Finance disbursements were through fully digitalized services. Digital Channels Adoption Digital Customer Acquisition Digitization and Automation ➢ # of registered digital users grew by 13% YoY and 7% YTD, reflecting sustained adoption & deeper engagement across digital platforms. ➢ 98% of all transactions were processed digitally, reflecting the efficiency and scalability of our end-to-end digital infrastructure. ➢ DIB Mobile App maintained high user ratings, with 4.3 on Google Play and 4.4 on the Apple store. ➢ All customer contracts for Personal Finance, Auto Finance, and Credit Cards are digitalized. ➢ WhatsApp Banking offers 30+ services with subscribers reaching 269K, a strong growth of 62% YoY . ➢ CyberSource payments gateway supports e-commerce transactions, with over 1300 direct merchants onboarded. ➢ Business Banking (BB) onboarding model transformed significantly contributing to 227% YoY growth in BB client acquisition. 1,367 1,402 1,445 1,490 1,537 1,589 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 144 166 198 224 247 269 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 6,200 6,272 6,693 6,199 7,015 7,118 1,327 1,274 1,319 1,327 1,332 1,298 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Mobile Internet Digital Registered User Base* (‘000) • Digital Registered User Base (Business to Date) : overall registered internet banking / mobile banking app users Digital Banking Transactions (‘000) Whats App Subscribers (‘000) 13% YoY 62% YoY 13% YoY
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23 DIB is actively working to support UAE’s vision while continuously improving its own operational performance. Published first of its kind Sustainability-Linked Finance Facilities financing Framework by an Islamic bank, enabling tailored funding solutions for emerging sustainability priorities Gross underwritten amount of AED 2.7 Bn in new sustainable finance H1’25, including more than 1,800 electric vehicles Facilitated AED 14 Bn of Sustainable Sukuk during H1’25, accelerating the growth of sustainable issuances in the Islamic capital markets space Submitted inaugural UNGC Communication of Progress, reinforcing transparency and accountability in our global sustainability journey Empowered 200+ employees with customized sustainability training and engaged an additional 250+ staff in a wellbeing drive totaling 24 Mn steps Planted over 119,000 trees and helped save 708,594 plastic bottles through our One Tree for Everyone and Dubai Can initiatives since inception H1 ‘25 Sustainability Highlights Sustainability is integral to DIB’s identity and operations, reflecting a deep commitment beyond compliance to responsible, ethical banking aligned with long-term value creation for stakeholders and society. DIB’s sustainability strategy closely aligns with UAE’s national goals, including Net Zero by 2050 initiative, underscoring the bank’s role as a key partner in the country’s sustainable development and climate ambitions.
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24 1 Macro-economic Overview 2 Financial Performance 3 Business Performance 4 Summary Contents Macro-economic Overview 5 Appendix
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25 Summary * Including collateral Target Metrics H1’25 Performance FY’25 Guidance Net Financing & Sukuk growth 11% 15.0% Net Profit Margin 2.7% 2.8% - 3.0% Cost-to-Income Ratio 28% 26% Return on Tangible Equity (pre-tax) 21% 21% Return on Assets (pre-tax) 2.4% 2.4% NPF Ratio 3.36% 3.50% Total Coverage* 145% 140% ✓ Robust growth in Net Financing and Sukuk portfolio achieved on the back of higher gross new underwriting in H1’25 of more than AED 60 Bn. ✓ Delivered Net Financing and Sukuk portfolio growth of 11% YTD, reflecting DIB’s focus on growth of its core businesses. ✓ Bank’s RoTE of 21% reflective of cost efficiencies and low credit costs. ✓ Consistent and sustained asset quality improvement; NPF ratio of 3.36% and Total Coverage Ratio of 145%.
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26 1 Macro-economic Overview 2 Financial Performance 3 Business Performance 4 Summary Contents Macro-economic Overview 5 Appendix
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❖ Dubai Islamic Bank was the first Islamic Bank in the world, established in 1975 Moody’s A3 “Stable” Fitch A “Stable” IIRA* A+/A1 “Stable” Geographic Presence 27 Turkey Bosnia (32) Sudan (127) UAE (54) Pakistan (235) Indonesia (10) Kenya (8) Existing Presence & Branch Numbers DIB – A leading global Islamic bank Ratings Subsidiaries and Associates Key Facts Key Businesses Consumer Banking Corporate Banking Investment Banking Treasury MSCI ESG A Entity % Country Dar Al Shariah 100.0% UAE Tamweel 92.0% UAE Deyaar 44.9% UAE DIB Pakistan 100.0% Pakistan Bank of Khartoum 29.5% Sudan Bosna Bank International 27.3% Bosnia Panin Dubai Syariah Bank 25.1% Indonesia DIB Kenya 100.0% Kenya T.O.M. Group 25.0% Turkey ❖ ~28% owned by “Investment Corporation of Dubai” ❖ One of the largest Islamic Banks globally with AED 373Bn in assets ❖ Well established franchise, serving > 5mn customers, with > 9000 employees ❖ Solid distribution network of 450 branches & 1,100 ATMs • Islamic International Rating Agency (IIRA)
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28 Bank’s strategy aligned with UAE’s ambitious and expansionary agenda Digital Transformation Robust Foundation Increase Value Versatile Operation Engaging Experience • Technology Infrastructure Upgrade • Streamlined Digital Journeys & enhanced experience • AI-driven Banking Strengthen the Group • Further strengthen Risk Management Framework • Remain focused on Asset Quality Improvement • Enterprise-wide Cost Optimisation • Selective and Strategic international Expansion • Enhance market share in interest-earning assets • Smart Data Analytics to grow wallet share and new client base • ESG focus across the bank’s value chain • Compliance with spectrum of regulatory driven changes • Committed to support UAE’s Sustainability Goals • Embed “Customer-centricity” as part of bank’s DNA • Simple, transparent & ease of access across Touchpoints • Leverage D.I.B to graduate into Lifebrand Grow the Group
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• * ATM #s include CDM*** from 2015 to 2024 29 ❖ Amongst World’s “Top 3” Islamic Banks by Total Assets ❖ #1 Islamic Bank in the UAE ❖ Serving > 5mn customers across network of 450 branches and 1,100 ATMs* A Leading Islamic Banking Franchise Clear Strategy & Focused Execution ❖ Focused growth, underpinned by Strong underwriting ❖ Cost discipline ensured high operational efficiencies ❖ Asset growth tripled from AED 113 Bn in ‘13 to AED 345 Bn in ‘24 Solid Fundamentals ❖ Highly Rated “D-SIB” Bank, “A” Rating by Fitch & “A3” by Moodys ❖ Healthy Asset Quality with low NPF ratio of 3.36% and high Cash Coverage Ratio of 103% ❖ Strong Capital Levels; CET1 ratio of 13.0% & CAR ratio of 16.7% Consistent Shareholder Value Creation ❖ ~5x growth in the Bank’s Net Profit over the last 10 years ❖ 4-fold increase in Share Price over the last 15 years ❖ Consistently maintained High Dividend Payouts Investing In The Future ❖ ESG truly embedded in the bank’s DNA; ESG MSCI rating of ” A” shows bank’s progress so far ❖ Considerable progress on digitalization; sizeable investments in technology infrastructure ❖ Focused on building AI/ML capabilities to deliver relevant and engaging customer solutions Key Investment Highlights
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1.0 1.6 1.8 2.2 2.2 2.3 2.5 1.5 1.8 2.2 3.3 3.325% 40% 45% 45% 45% 35% 35% 20% 25% 30% 45% 45% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Dividend Amount (AED Bn) Cash Dividend as a % of Par Value 30 Note: Shaded area represents the pandemic period; Dividend Payout (%, AED Bn) 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Share Price Movement (AED, Jan’13 – Jun’25) Decade of delivering Strong shareholder returns
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AED Mn H1’25 H1’24 Net Income Income from Islamic financing and investing transactions 9,295 9,517 Fees & Commission 932 912 Income / (loss) from other investments measured at fair value 9 13 Income from properties held for development and sale 223 139 Income from investment properties 381 385 Share of profit from associates and joint ventures 244 143 Other Income 270 183 Total Income 11,354 11,292 Depositors’ and Sukuk holders’ share of profit (4,981) (5,234) Net Income 6,373 6,058 Operating Expenses Personnel expenses (1,073) (968) General and administrative expenses (599) (594) Depreciation of investment properties (28) (34) Depreciation of property, plant and equipment (107) (90) Total Operating Expenses (1,807) (1,685) Profit before net impairment charges and income tax expense 4,565 4,373 Impairment charge for the period, net (256) (652) Profit for the period before income tax expense 4,309 3,721 Income tax expense (579) (343) Net Profit for the period 3,730 3,378 Attributable to Owners of the Bank 3,598 3,270 Non-Controlling Interests 133 108 31 Consolidated Income Statement
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AED Mn 30 Jun 2025 31 Dec 2024 Assets Cash and balances with central banks 22,950 26,700 Due from banks and financial institutions 3,440 5,642 Islamic financing and investing assets, net 237,376 212,427 Investments in Islamic Sukuk measured at amortized cost 89,285 82,161 Other investments at fair value 619 785 Investments in associates and joint ventures 3,081 2,503 Properties held for sale 1,152 988 Investment properties 4,612 4,520 Receivables and other assets 9,053 7,082 Property, plant and equipment 1,912 1,878 Total Assets 373,479 344,687 Liabilities Customers' deposits 283,663 248,546 Due to banks and financial institutions 3,004 5,854 Sukuk financing instruments 21,397 24,154 Payables and other liabilities 15,250 13,279 Total Liabilities 323,314 291,834 Equity Share Capital 7,241 7,241 Tier 1 Sukuk 7,346 10,101 Other Reserves and Treasury Shares 16,275 15,875 Investments Fair Value Reserve (1,212) (1,267) Exchange Translation Reserve (2,136) (2,029) Retained Earnings 19,601 19,904 Equity Attributable to owners of the banks 47,114 49,825 Non-Controlling Interest 3,051 3,028 Total Equity 50,165 52,853 Total Liabilities and Equity 373,479 344,687 32 Consolidated Balance Sheet
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“Own the ESG space” Champion Business Ethics and Customer Privacy “Own the ESG Space” Embed ESG in decision making Priority Areas Strategic Pillars Objectives Promote Financial Inclusion Propel Sustainable Finance Embrace Diversity & Inclusion Enhance Employee Wellbeing Drive Transparency & Disclosure Reduce Operational Environmental Footprint Fully integrate ESG risk assessment and mitigation into all our financing decisions Be the preeminent banking partner to the underrepresented segments of society Significantly step up the share of our funding activities towards sustainable projects Be the most diverse Islamic financial institution in our markets of operation Position ourselves as an employer of choice in the banking sector Disclose our financial and non- financial performance in line with best-in-class standards Achieve Net Zero within operations and significantly reduce our footprint across water, waste and energy Finance a Sustainable FutureLead by Example Be recognized as a trusted institution to our customers and business partners 32 Initiatives all across the bank supporting the growth of DIB ESG strategy 1 2 3 4 5 6 7 8 DIB’S ESG Vision and 2030 ESG Strategy 33
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34 DIB Debt Capital Markets – Deal Experience GRE and Corporate Transactions in 2025 Kingdom of Bahrain US$ 1.75bn 6.250% 2033 Sukuk JLM & Bookrunner April 2025 Islamic Development Bank US$ 1.75bn 4.211% 2030 Sukuk JLM & Bookrunner March 2025 Sovereigns and Supranationals JLM & Bookrunner First Abu Dhabi Bank US$ 800mn 5.153% 2030 Sukuk January 2025 Al Rajhi Bank US$ 1.5bn 6.250% 20230 Sukuk AT1 JLM & Bookrunner January 2025 JLM & Bookrunner Kuwait Finance House US$ 1.00bn 5.376% 2029 Sukuk January 2025 Sharjah Islamic Bank US$ 500mn 5.200% 2030 Sukuk JLM & Bookrunner February 2025 Emirates Islamic Bank US$ 750mn 5.059% 2030 Sukuk JLM & Bookrunner March 2025 JLM & Bookrunner Mashreq Bank US$ 500mn 5.030% 2030 Sukuk April 2025 JLM & Bookrunner Ajman Bank US$ 500mn 5.125% 2030 Sukuk April 2025 Sharjah Islamic Bank US$ 500mn 6.125% 2031 Sukuk AT1 JLM & Bookrunner May 2025 Qatar Islamic Bank US$ 750mn 4.803% 2030 Sukuk JLM & Bookrunner June 2025 Boubyan Bank US$ 500mn 4.973% 2030 Sukuk JLM & Bookrunner May 2025 Al Rayan Bank US$ 500mn 4.875% 2030 Sukuk JLM & Bookrunner May 2025 Financial Institutions Bapco Energies US$ 1.0bn 6.250% 2035 Sukuk JLM & Bookrunner January 2025 Saudi Electricity Company US$ 2.75bn 5.225% 2030 sukuk 5.489% 2035 sukuk JLM & Bookrunner February 2025 Public Investment Fund US$ 1.25bn 4.875% 2032 Sukuk JLM & Bookrunner April 2025 DP World US$ 1.5bn 5.500% 2035 Sukuk JLM & Bookrunner April 2025 ADNOC US$ 1.5bn 4.750% 2035 Sukuk JLM & Bookrunner April 2025 GREs Aldar Investment US$ 500mn 5.250% 2035 Sukuk JLM & Bookrunner March 2025 JLM & Bookrunner Damac Real Estate Development Limited US$ 750mn 7.000% 20028 Sukuk February 2025 Sobha Realty US$ 500mn 7.996% 2029 Sukuk JLM & Bookrunner May 2025 Omniyat US$ 500mn 8.375% 2028 Sukuk JLM & Bookrunner April 2025 Corporates Republic of Turkiye US$ 2.50bn 6.750% 2030 Sukuk JLM & Bookrunner June 2025
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Forbes Middle East 28th Emirates Environmental Corporate Gala Islamic Finance News Awards MEA Finance Banking Technology Awards 2023 Euromoney Awards for Excellence 2023 Islamic Finance News Awards 16th Annual Best Deal & Solution Awards 35 Select Award & Accolades Best Sovereign Bond & Best Green Sukuk of the year 2022 • Most Innovative Islamic Bank • Best Overall Islamic Bank in UAE • Best Corporate Bank in UAE • Best Overall Islamic Bank in Kenya • Best Investment Bank in Kenya • Best Corporate Bank in Kenya • Most Innovative Bank in Kenya • Syndicated Deal of the Year • Turkey Deal of the Year • Corporate Finance Deal of the Year • Pakistan Deal of the Year • Best Overall Islamic Bank • Best Islamic Bank in the UAE • Best Islamic Bank in the Middle East • Best Corporate Payments Service • Best Analytics System (Dubai Islamic Bank and GBM) • Best Innovation in User Experience 2023 Islamic Finance News Awards • Best Overall Deal of the year • Best Islamic Retail Bank • Best Islamic Bank in the UAE • Social Impact, SRI ESG Deal • Indonesia Deal of the Year • Sovereign & Multilateral Deal of the Year • UAE Deal of the Year • Best Islamic Bank in Kenya • Corporate Finance Deal of the Year • Real Estate Deal of the Year • Syndicated Finance Deal of the Year • IFN Hybrid Deal of the Year 2023 MEA Finance Industry Awards • Best Sustainable Finance Initiative • Best Sukuk Islamic Fund • Best Sukuk Deal of the Year • Best Islamic Bank - UAE • Best Islamic Digital Banking Provider MEA Business Achievement Awards • Banking and Finance - Outstanding Sustainability Initiative Dubai Islamic Bank • Outstanding New Product/Service Launch DIB Nest • Banking and Finance - Exceptional Products/Services DIB ‘alt’ H1 20252024 • Oman Deal of the Year • Hybrid Deal of the Year • Sukuk Deal of the Year • Perpetual Deal of the Year • Most Innovative Deal of the Year • Pakistan Deal of the Year • Best Digital Offering by an Islamic Bank in Kenya • Most Innovative Islamic Bank in Kenya • Best Islamic Investment Bank in Kenya • Best Islamic Bank in Kenya • UK Deal of the Year • Best Islamic Investment Bank • Best Islamic Bank in the UAE • Ijarah Deal of the Year • Best Islamic Retail Bank in Kenya • Egypt Deal of the Year • M&A Deal of the Year • Best Islamic Bank for Trade Finance MEA Finance SME Summit and Awards 2025 Best Islamic Bank for SMEs Cultivating Sustainability Award Top 100 Listed Companies
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P . O. Box: 1080, Dubai, UAE +971 4 207 5454, email: investorrelations@dib.ae www.dib.ae/ir