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    1060   SA0007879089

THE SAUDI BRITISH BANK

(1060)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 01/17
38.75 SAR   -0.77%
2021An unknown buyer agreed to acquire 20% stake in Wataniya Insurance Company from The Saudi British Bank for SAR 80 million.
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2021SABB Earnings Release 3Q21
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2021SABB Results presentation 3Q21
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SABB Results presentation 3Q21

11/05/2021 EST

Saudi British Bank

3Q21 Results presentation

Presentation to investors and analysts

Contents

  1. Key messages and profile
  2. 3Q21 SABB performance

KEY MESSAGES AND PROFILE | 3Q21 PERFORMANCE

Key messages

1

2

3

4

We are in the first year of our 5-year strategic plan - a pivotal year which lays the foundation for our growth-orientedlong-term aims; our businesses continue to show traction with a fourth consecutive quarter of lending growth

9M21 Net income before Zakat and income tax of SAR3.3 billion; underlying net income increased 25% mainly from lower ECL partly offset by lower revenue; revenue was impacted by increased competition; costs remain under control; annualised RoTE of 9.0% YTD

ESG remains front and centre of our plans; the first Saudi institution to make a green deposit, established an ESG-compliant fund through HSBC Saudi Arabia, and were awarded 'The Leading Bank in Financing Sustainable Projects in the Middle East' from Global Finance Magazine

SABB closed the reporting period with robust levels of capital, liquidity and a strong funding base. CET1 ratio of 19.3%, a loan to deposit ratio of 91%1, over SAR70 billion of high quality liquid assets and a strong demand deposit ratio of 77%

1. Loan to deposit ratio is calculated as Net loans divided by Customer deposits

SABB 3Q21 Results presentation

3

SABB's strengths

Diversified businesses

Retail Banking

Retail Banking and Wealth Management provides

and Wealth

services and products to personal and private

Management

customers, through a range of market leading digital

channels and a traditional branch network.

Corporate and

As one of the largest commercial banks in the Kingdom,

Institutional

we support a variety of clients from micro enterprises

Banking

focused on the domestic market to large internationally

focused enterprises.

Treasury

We provide corporate, institutional, retail and private

banking customers with access to capital markets,

foreign currency and rates management solutions. In

addition, we manage the liquidity and market risk of the

bank, including the deployment of the bank's

commercial surplus through its investment portfolio.

KEY MESSAGES AND PROFILE | 3Q21 PERFORMANCE

SABB credentials1

We are the leading international bank the Kingdom through a deep understanding of the needs of our customers, and a bespoke product suite that brings intrinsic value to our customers. Our unique partnership with HSBC Group enables us to bring international connectivity to our customer base.

c. 20%

1.7m

13%

Trade market

Retail customers

Corporate lending

share

market share

Top 3

c. 27k

19.3%

Corporate bank

Corporate and

CET 1 ratio

by loans

Institutional

customers

189%

6%

12%

Liquidity coverage

PoS market share

FX market share

ratio

9M21 key financials by business

Diverse lending portfolio

Solid deposit base

Retail

Corporate and Institutional Banking

Treasury

Building and

construction

3%

Government

8%

Diverse range

of sectors

11%

22%

23%

Manufacturing

77%

34%

Gross

11%

Deposits

43%

demand

Revenue

loans and

deposit

SAR6.0bn

advances

SAR180bn

ratio

SAR170bn

54%

Commerce

24%

23%

77%

Consumer

44%

loans and

credit cards

1. Market share are based as at 2Q21.

SABB 3Q21 Results presentation

4

KEY MESSAGES AND PROFILE | 3Q21 PERFORMANCE

Strategy 2025 objectives

VISION We bring a world of financial opportunity to an ambitious Kingdom

Best in class

Be the leading international

Offer a leading online

The best

universal banking

bank in the Kingdom,

and mobile digital

place to

serving all customer

accessing an unrivalled

banking experience

work

groups in the

global network through

Kingdom

HSBC

OUR ACTIONS TO OUTGROW THE MARKET

2025 TARGETS

1 Top 3 bank for Loans

Current

Mid-single digit loan

expectation:

growth per year

2 Top 3 bank for Revenue

Current Mid to high single digit expectation: revenue growth per year

3 Top 3 bank for cost

efficiency

Current

<32% CER

expectation:

Build on our

Maximise our

core strengths

participation in

key growth areas

1.

Bank of choice for Large

1.

Fast growing Mid-

Corporates

Corporate business

2.

Reinforce leadership in

2.

Digital SME focus

Trade and Payments

3.

Mortgage expansion

  1. Maintain leadership in Wealth
  2. Reinforce our position in Cards

Transform the organisation

  1. Lead in digital innovation and evolve the IT architecture
  2. Transforming HR and developing the right talent
  3. Revamp operating model through improved data management, automation and digitisation

4 Top 3 bank for capital

Current

18 to 19% CET1 ratio

expectation:

5 Top 3 bank for RoTE

Current

>13% RoTE

expectation:

SABB 3Q21 Results presentation

5

Disclaimer

The Saudi British Bank SJSC published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 08:47:01 UTC.


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Financials
Sales 2021 7 920 M 2 111 M 2 111 M
Net income 2021 3 600 M 960 M 960 M
Net Debt 2021 - - -
P/E ratio 2021 21,9x
Yield 2021 2,82%
Capitalization 81 781 M 21 795 M 21 797 M
Capi. / Sales 2021 10,3x
Capi. / Sales 2022 9,52x
Nbr of Employees 4 156
Free-Float -
Chart THE SAUDI BRITISH BANK
Duration : Period :
The Saudi British Bank Technical Analysis Chart | 1060 | SA0007879089 | MarketScreener
Technical analysis trends THE SAUDI BRITISH BANK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 38,75 SAR
Average target price 32,17 SAR
Spread / Average Target -17,0%
EPS Revisions
Managers and Directors
Anthony William Cripps Chief Executive Officer, MD & Director
Mathew Pearce Chief Financial Officer
Lubna Suliman Al-Olayan Chairman
Musaifer Al Osaimi Chief Information Officer
Ghada Al Jarbou Chief Operating Officer
Sector and Competitors