A P R I L UBA AT A GLANCE

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Maximillian Dennis Sanders
5 years ago
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1 A P R I L UBA AT A GLANCE

2 Evolution of UBA Plc Acquired majority interest in two banks based in B/Faso and Benin Successfully raised N20bn debt capital French & British Bank Limited ( FBB ) commenced business IPO on the NSE Standard Trust Bank commenced operations UBA merged with Standard Trust Bank Continental Trust Bank acquired New management team constituted Commenced operations in some African countries including Kenya, Uganda, Cameroon, Cote d Ivoire, S/Leone and Mozambique Won Financial Times Bankers Awards for Best Overall Bank in Africa;, Best Bank in Cameroun and Best Bank in Senegal UBA incorporated to take over the banking business of the FBB Established New York branch GDR programme established STB Ghana established Fresh equity capital raised successfully UBA Capital (Europe) London opened Commenced operations in Congo DR and Brazzaville. Successfully raised N35bn debt capital Successfully divested from its non-bank subsidiaries and property mgt business Pre-Merger Post-Merger UBA at a Glance::: April

10% market share o The Nigerian bank with the largest earnings diversification and footprints across the African continent o Full scale exposure to key growth poles of the African economy; consumer,

3 UBA Profile at a Glance A truly Pan-African Bank, with operations across 19 key un(der)banked African markets A unique and scalable platform to take full advantage of growth opportunities in all sectors of the African economy o Third largest bank in Nigeria, with an estimated c.10% market share o The Nigerian bank with the largest earnings diversification and footprints across the African continent o Full scale exposure to key growth poles of the African economy; consumer, commodities and infrastructure o Meeting customers global transaction need through its presence in London, New York and Paris o Serving c.14million customers, through one of the most revered diverse channels in Africa; 1,000 branches and customer touch points, 1,750 ATMs, 13,500 PoS, robust online and mobile banking platforms and social media. Moderate risk appetite, with a good balance between profitability and sustainability o Enhanced risk management and control framework, with clear definition of risk appetite o Well diversified loan book: 3.9% NPL with 84% coverage & moderate cost of risk. o Minimal exposure to volatile sectors and segments of the market o Strong governance structure and oversight, with zero tolerance for regulatory and internal policy infractions Funding, Liquidity and Capital o Strong 79% stable CASA funding o Relatively low 3.7% cost of funds o Headroom for lower CoF, on growing African retail penetration o Liquid balance sheet to take advantage of emerging opportunities o Adequate BASEL II CAR of 20% Asset Creation and Quality o Over N3.5 trillion balance sheet size o Focused loan exposure to lower risk corporate and commercial markets o Bouquet of holistic financial solutions to regional businesses o Target to formalize the unbanked Profitability o RoAE of 19%; ahead of peer average o Notable upside to NIM (6.7%), as asset yield rises and CoF moderates o Moderating CIR of 63%, with benign outlook o Profitability target built on sustainability and long term value creation Profit By Geography (2016FY) Nigeria, 66% Africa & RoW 34% Earnings By Type (2016FY) Non-Interest Income 31% Interest Income 69% UBA at a Glance ::: April

4 2016 Full Year Results Snapshot ::: Proven Resilience 31-Dec Dec-15 % Change Gross Earnings 383, , % COMPREHENSIVE INCOME & PROFIT TREND (N million) EFFICIENCY AND RETURN FINANCIAL POSITION TREND (N million) BUSINESS CAPACITY AND ASSET QUALITY RATIOS Net Interest Income 165, , % Net Operating Income 270, , % Operating Expenses (152,501) (136,640) +11.6% Profit Before Tax 90,642 68, % Profit After Tax 72,264 59, % Cost-to-Income Ratio 63% 67% Post-Tax Return on Average Equity 19% 20% Post-Tax Return on Average Assets 2.3% 2.2% 31-Dec Dec-15 % Change Total Assets 3,504,470 2,752, % Customer Deposits 2,485,610 2,081, % Net Loans to Customers 1,505,319 1,036, % Total Equity 448, , % Total Loan-to-Deposit Ratio 61% 49% Capital Adequacy Ratio (BASEL II) 20% 20% Non-Performing Loan Ratio 3.9% 1.7% UBA at a Glance ::: April

5 Shareholder Information Name Tony O. Elumelu, CON AMB. Joe Keshi,OON Kennedy Uzoka Victor Osadolor Dan Okeke Emeke E. Iweriebor Oliver Alawuba Uche Ike Puri Ibrahim Chukwuma Nweke Ayoku A. Liadi Rose Okwechime Kola Jamodu, CFR Adekunle Olumide, OON Foluke K. Abdulrazaq Ja afaru Paki Yahaya Zekeri Owanari Duke Samuel Oni, FCA Board Composition Role Chairman Vice-Chairman/Non-ED GMD/CEO Deputy Managing Director ED, Abuja and East Bank ED/RCEO, UBA Africa-Francophone ED/RCEO, UBA Africa-Anglophone ED, Risk Mgt, Gov. and Comp. ED, North Bank ED, Operations and Technology ED, Lagos and West Bank NSE Ticker Bloomberg Ticker Stock Snapshot UBA UBA NL Share Price (as at 24 April, 2017) N5.40 Shares outstanding (Mn Units) 36,279 Market Capitalization (N Bn) Market Capitalization (USD'Mn) Mth Avg. Daily Traded Vol. (Mn Units) 16.4 Price-to-Earnings Ratio 2.81x Price-to-Book Value Ratio 0.44x Rebased Trend of UBA Share Price Rebased Trend of Banking Sector Index UBA at a Glance ::: April

6 Our Shared Values UBA at a Glance ::: April

7 Questions Contact Investor Relations: Tel: / UBA at a Glance ::: April

UBA at a Glance One Investment Multiple Return

Senegal Burkina Faso Benin Chad Guinea Ivory Nigeria Sierra Coast Leone Liberia Ghana Cameroon Gabon Congo DR Congo Uganda Tanzania Kenya Zambia Mozambique UBA at a Glance One Investment Multiple Return