AVCA 9th Annual Conference | CAL Bank Presentation by Frank B. Adu - CEO, CAL Bank

African Venture Capital Association presentsAfrica, The Rising GiantAVCA 9th Annual Conference

CAL Bank Limited Ghana Frank B. Adu -‐ CEO Africa Venture Capital Associa>on “Highligh&ng successful African Companies” Accra, April 2012 2

Overview of CAL Bank Limited Established   1990 Licensing   Universal Banking License   18 branches across Ghana Network and Team   51 ATM’s   Over 300 dedicated employees & experienced motivated management team   Corporate Banking Focus Segment   Treasury Activities   Asset backed retail banking Risk Management and   Basle II Accounting   IFRS Partnerships   Proparco, DEG, African Development Bank   Ghana Stock Exchange since IPO in 2004   Public Float - 66.82% Listing   Market Capitalisation - GHS 62 million; ~USD 35.43million*   Issued Shares - 248,261,549   Currently Q2, 2012 GHS 27.7million; ~USD 15.8 million Share Capital   Expected Q3 2012 GHS 100 .0million ~USD 57.1 million 3

CAL Bank at a glance 1990 FOUNDING SHAREHOLDERS 1997 onwards -‐ 24,000 + SHAREHOLDERS •  Kingdom Zephyr Holdings (Al-‐Waleed) •  Vanguard Assurance (Ghana) •  Renaissance Capital (Cyprus) Ltd. •  Interna>onal Finance Corpora>on •  Pinebridge Sub-‐Saharan Africa Fund •  CDC •  SSNIT -‐ Ghanaian na>onal pension fund •  Africa Growth Fund (USA) •  Robeko Afrika Funds •  Pryor, McClendon & Counts (USA) •  Kura Africa Fund •  Local Ghanaian promoter •  Fulcrum Africa Fund •  Fleming Africa Fund •  Fron>er Market Select Fund •  Eaton Vance Emerging Market Fund •  24,000+ other ins>tu>onal & retail investors

Business Overview Distribution Network Contribution to Net Operating Income•  Current Network : December 2011 –  18 networked branches –  51 ATMs –  Real time Internet banking –  Continued strength in Corporate banking –  Pursuing retail presence through growing branch network•  Future :  Broaden customer base through technology  Increase footprint through additional ATMs and branches 5

CAL Bank at a glance One of Top 10 Independent Local Banks Top 12 Ghanaian Banks by Assets (FY 2011)BANK GHC RANK out of 27 banks Ghana Commercial Bank 2,279,445* 1 Ecobank 2,128,006 2 Standard Chartered Bank 1,971,062 3 Barclays Bank 1,906,992 4 Agricultural Devt. Bank 1,205,757 5 Stanbic Bank 1,136,923 6 Fidelity Bank 1,029,927 7 NaVonal Investment Bank 878,873 8 SG-‐SSB Bank 841,077 9 CAL Bank 786,063 10 UTBank 712,864 11 Zenith Bank 699,795 12 * This figure is for Q3 2011 as GCB’s FY2011 results have not been released 6 6

The Bank -‐ FY 2011 on FY 2010 Full Year The Bank (GH¢ 000’s) Indicators 2011 2010 Var. Net Interest Income (GH¢ ) 40,661 36,835 10.4% Net Opera>ng Income (GH¢ ) 58,246 39,004 49.3% Proﬁt Before Tax (GH¢ ) 24,584 11,660 111.0% Proﬁt Ager Tax (GH¢) 18,338 8,810 108.1% Total Assets (GH¢) 786,063 499,751 57.3% Shareholders Funds (GH¢) 92,921 76,519 21.4% Key RaVos 2011 2010 Earnings per share (GH¢ per share) 0.0739 0.0365 Return on Average Equity (%) 21.3% 13.2% Return of Average Assets (%) 2.8% 1.9% 7

CAL: Solid 5-‐year Group track record Selected Financial Indicators 2007 2008 2009 2010 2011 CAGR Opera>ng Income (GH¢ ‘m) 23.2 34.6 39.3 53.8 70.9 32% Proﬁt Ager Tax (GH¢ ‘m) 5.2 9.1 8.3 9.5 16.9 34% Total Assets (GH¢ ‘m) 235.7 338.9 452.8 510.0 809.4 36% Total Deposits (GH¢ ‘m) 124.3 176.7 277.6 296.6 586.8 47% Loans and Advances (GH¢ ‘m) 114.9 190.9 214.7 256.6 411.6 38% Shareholders Equity (GH¢ ‘m) 31.1 37.4 58.4 78.8 88.4 30% Key RaVos 2007 2008 2009 2010 2011 Return on Assets (%) 2.2 2.7 1.8 1.9 2.1 Return on Equity (%) 16.7 24.5 14.2 12.0 19.1 Capital Adequacy Ra>o (%) 15.3 12.1 15.5 16.1 11.6 Cost-‐to-‐Income Ra>o (%) 62.6 60.7 64.5 52.7 50.9 8

Industry recogniVon as leading bank -‐ Ghana Banking Awards 2007 IT & Electronic Banking : (Best Bank) 2007/2008 Product Innovation : (Best Bank) 2007 Medium term Financing : (Best Bank) 2008 Retail Banking : (Best Bank) 2008: Chartered Institute of Marketing, Ghana - Bank of the Year 2010 Short Term Financing ; (Best Bank) 2010 Trade Financing: (Best Bank) ) 2010 Corporate Bank: (2nd Runner-up) 2010 Long Term Loan Financing ; (Best Bank) 2010 Medium Term Financing : (Best Bank) 9

African Venture Capital Association presentsAfrica, The Rising GiantAVCA 9th Annual Conference

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AVCA 9th Annual Conference | CAL Bank Presentation by Frank B. Adu - CEO, CAL Bank

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AVCA 9th Annual Conference | CAL Bank Presentation by Frank B. Adu - CEO, CAL Bank Presentation Transcript