#1Investor Presentation FY 2023 February 2023 ADIB مصرف أبوظبي الإس ــلام ADIB IR Website IR App Download link: Download on the App Store GET IT ON Google Play#2Public = Contents FY 2023 Investor Presentation 1 ADIB Profile 2 II = 3 Operating Environment Strategy 4 ESG = 5 5 = 6 = 7 8 Financial Performance Segmental Performance Performance Track Record Appendix مصرف أبوظبي الإسلامي ADIB 2#3ADIB Profile FY 2023 Investor Presentation ADIB مصرف أبوظبي الإس ــلام 12345678#4Public Abu Dhabi Islamic Bank Today ADIB is a digitally advanced Islamic Bank serving as a lifelong partner for its customers, colleagues and community مصرف أبوظبي الإسلامي ADIB #1 Bank for UAE Nationals A Leading Islamic Bank Advanced Digital Bank Leader in Customer Satisfaction 15% UAE retail market share AED 193bn Total Assets 80% Digitally Active Customers 55% Market share of UAE Nationals in Abu Dhabi 530K UAE Nationals 135 Branches 544 ATMs 50% Digital sales #1 in UAE NPS #1 in UAE Bank Banker FT 91% Straight Through Processing #1 in UAE Safest Islamic Bank by Global Finance 4#5Public = ADIB Key Highlights ADIB is a leading UAE Bank and one of the largest Islamic banks world-wide Presence in 7 markets United Kingdom Iraq Qatar Egypt United Arab Emirates Sudan Saudi Arabia Employees 5,000 Customers 1.2mn Solid Ratings Value Drivers (FY 2023) مصرف أبوظبي الإسلامي ADIB Market leader Net Profit Margin 4.50% Cost of Risk 0.49% ROE 27.1% ROA 2.91% CASA Ratio 65.3% Market Cap* P/B Ratio AED37bn 1.80X Total Assets AED 193 b Financing AED 115bn Net Income AED 5.25 bn C/I Ratio 32.9% MOODY'S A2 Fitch Ratings A+ MSCI ESG RATINGS A EPS AED 1.28 Investments AED 24 bp bn Stable Outlook Stable Outlook *at 31/12/2023 Deposits AED 157bn Revenues AED 9.3 bn CAR 16.8% LO 5#6Public = Business Segments ADIB's business is comprised of 4 main segments % of Group Revenue Business Segment Description 53% Retail Banking مصرف أبوظبي الإسلامي ADIB Targets individuals and SME entities with main focus on UAE Nationals and mass affluent segment Product ranges offered include everyday banking products such as current accounts, deposits, cards, finance, wealth products, etc. 15% Wholesale Banking DOO Treasury Focuses on large corporates, Governments, GRES and Fls Product offerings include investment and corporate finance, corporate banking, contracting and commercial banking, transaction banking, liquidity, trade finance, payments and cash management services. ADIB offers wholesale banking internationally in Iraq, Qatar and Sudan. Offers risk management; an active investor in the global sukuk market, offering investment opportunities to customers and using debt assets to manage the bank's balance sheet. Expertise in FX, rates, hedging, money markets, equity and debt execution. Treasury also manages ADIB's balance sheet and asset/liability mix. ADIB is present in the following countries for the following services: 29% Other, incl. Associates and • ADIB UAE offers private banking and real estate asset class Subsidiaries • ADIB Egypt caters to the needs of corporate and retail customers. • ADIB UK offers commercial and industrial real estate asset class 6#7= Consistent dividend distribution ADIB consistently distribute dividends with average yield of above 5% Shareholder Return Metrics مصرف أبوظبي الإسلامي ADIB 13 12 11 9.9% 10 9 8.0% 8 Share Price 7 7.6% 7.0% 6.5% 6.2% 6 Dividend Yield 5 7.1% 5.4% 5.1% 4.4% 1.5% 4.1% 4 3 2.49 2 1 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Net Profit in AED mn 1,201 1,450 1,751 1,934 1,954 2,300 2,501 2,601 1,604 2,330 3,619 5,251 Cash Dividend Payout ratio 50.0% 50.0% 40.0% 39.8% 39.8% 39.8% 39.8% 38.2% 46.6% 48.5% 49.2% 49.4% (% of Net Profit) Cash Dividend 25.4% 30.7% 23.3% 24.3% 24.5% 28.9% 27.4% 27.4% 20.6% 31.1% 49.0% 71.9% (% of Share Capital) * Cash dividend in AEDmn 600 725 700 770 778 915 995 994 747 1,130 1,779 2,595 Bonus shares 635 Bonus shares 26.9% (% of Share Capital) *Proposed dividend Public 10.12 7#8= Market Metrics & Ownership Structure ADIB is a liquid stock with 18% foreign ownership Key Metrics* Public - ADIB Share Price Performance (AED) 12.00 Market Cap AED 37 bn Free Float 52 w High 40% AED 11.54 11.00 10.00 9.00 8.00 Velocity 15% FOL Limit 40% 52 w Low 7.00 AED ED8.91 6.87 6.00 5.00 ADIB Stock Liquidity 70% مصرف أبوظبي الإسلامي ADIB 10.12 12/21 02/22 04/22 06/22 08/22 10/22 12/22 02/23 04/23 06/23 08/23 10/23 12/2: Ownership Structure (%) 9,000 7,825 60% 8,000 7,000 Other UAE Nationals 50% 5,315 6,000 35.7% 40% 4,594 5,000 30% 3,316 3,527 4,000 3,000 20% 19% 30% 21% 2,000 10% 18% 17% 1,000 0% 0 Foreign ownership 2019 2020 17.7% 2021 2022 2023 Value Traded (AEDmn) Velocity (%) 4Q 23 Emirates International Investment Company 46.7% 00 8#9= Investment Highlights Strong Management, Solid Fundamentals and Clear Strategy Public ☐ Clear Strategy Strengthen Islamic leadership position Deepening customer relationships Create productivity and efficiency gains Focus on innovation and digital " Deliver sustainable growth Strong Fundamentals ■ Strong liquidity and funding profile with ELAR at 21.0% Healthy credit quality with stable NPAs, low cost of risk and adequate coverage Solid capital generation with CAR 16.8%, T1 15.7%, CET1 12.2% Strong financial track record 27.1% ROE- highest in the market Highly profitable organisations with a 16% 5Y CAGR in net income Efficiently run bank with Cost to income ratio below 33% 7 1 60 مصرف أبوظبي الإسلامي ADIB 5 Strong Capitalisation ■ Strong capitalisation ratios ■ Strong Buffers ■ Strong distance to MDA ■ Strong Coverage of MDA and ADI 2 4 3 مصرف أبوظبي الإسلامي ADIB Experienced management Best in class management team Extensive banking experience with leading regional and global banks Ongoing investment in talents Unique market position ◉ N1 Bank for Emiratis ☐ One of the highest NPB deposit ratios Best performing share price Strong brand association ☐ Maximising positive impact A Group wide sustainability strategy Sustainable Finance FRAMEWORK Included in MSCI EM ESG Leaders 9#10Public - Outlook and Guidance Solid financial & strategic foundations drive a promising outlook for 2024 Management Guidance Market Outlook Solid GDP growth Real GDP growth (%) 7.9% 2022 3.4% 4.0% 2023 2024 1 Gross Financing Growth Executing ADIB's growth strategy against a positive economic backdrop resulting in balanced growth across Retail & Wholesale = Net Profit Margin FY 2023 Actual 6% مصرف أبوظبي الإسلامي ADIB FY 2024 Guidance 5% to 7% - Oil prices to remain supportive Brent Price/Barrel (avg) (USD) Higher 4Q23 NPM exit rate moderating towards 4.5% average for FY 2024 from modest expected rate cuts during the year 4.50% 2 4.5% 99 82 81 - Cost of Risk 2022 2023 2024 Modest rise in CoR from ongoing expansion into SME and retail expat sectors and continued build-up of prudent provisioning 0.49% 0.50% to 0.70% Inflation to moderate UAE Inflation (avg) (%). Cost to Income Ratio 4.8% 3.1% 2.3% Opex growth to support business expansion moderated by disciplined management and digital efficiencies with overall positive "jaws" 32.9% < 32% 2022 2023 2024 = Expenditure expected to remain stable Government expenditure % of GDP (%) Return on Equity 27% 27% 23% Solid expected profit growth and focus on capital-efficient income growth expected to drive continued superior returns 27.1% > 25% 2022 2023 2024 10#11Operating Environment FY 2023 Investor Presentation ADIB مصرف أبوظبي الإس ــلام 1 2345678#12Public = Macroeconomic Overview UAE economy continues to remain robust despite global headwind GDP growth continues to outperform global economies driven by rising oil prices, domestic consumption and liquidity Real GDP Growth (%) and Nominal GDP (AEDbn) Oil prices remain at supportive levels Brent Price/Barrel (Avg) (USD) مصرف أبوظبي الاسلامي ADIB 150 99.0 2,500 10.0% 82.4 81.2 100 70.8 43.3 7.9% 50 8.0% 0 1,972 2020 2021 2022 2023 2024 2,000 6.0% 1,862 1,870 4.4% 1,525 1,500 1,283 1,000 Improved inflation forecasted for 2023 and 2024 4.0% 4.0% UAE Inflation (Avg) (%) 3.4% 2.0% 5.0% 3.0% -0.1% 0.0% 1.0% -2.1% -1.0% -2.0% -3.0% -4.0% 2020 2021 4.8% 2022 3.1% 2.3% 2023 Government Expenditure to GDP expected to remain stable Government Expenditure % of GDP (%) 2024 500 -5.0% -6.0% 40.0% 31.1% 26.4% -8.0% 30.0% 26.8% 26.7% 22.9% 20.0% 0 -10.0% 10.0% YOY 2020 +19% 2021 +22% 2022 +0% 2023 +5% 2024 0.0% UAE Nominal GDP Real GDP growth 2020 2021 2022 2023 2024 Sources: UAE Central Bank, IMF 12#13Public = UAE Banking Sector Update Modest financing growth in recent quarters, reflecting economic conditions and banking sector penetration - Loans, Advances & Overdrafts (AEDbn) = Size of the UAE Banking Sector +5% UAE Gross Banking Assets (Oct 2023) 1,879 1,896 1,945 1,982 1,974 = 4Q 22 1Q 23 QoQ +1% 2Q 23 +3% 3Q 23 +2% Bank Deposits (AEDbn) +11% AED 4.0tr Oct 23 -0% Market Landscape (Oct 2023) 2,222 2,306 2,382 2,421 2,455 4Q 22 QoQ Sources: UAE Central Bank 1Q 23 2Q 23 3Q 23 +4% +3% +2% Oct 23 +1% مصرف أبوظبي الإسلامي ADIB UAE Gross Banking Assets (as % of 2023F GDP) 214% 83% Share of Conventional Banks (Total Assets) 17% Share of Islamic Banks (Total Assets) 11% Share of Foreign Banks (Total Assets) 13#14= UAE Banking Sector Update (2) Moderation of sector liquidity, higher rates environment improving profitability مصرف أبوظبي الإسلامي ADIB = Capitalization (%) Liquidity (%) 19% 18.5% 90% 18.2% 76.4% 75.6% 17.8% 74.8% 76.5% 80% 73.8% 18% 17.5% 17.4% 70% 17% 60% 17.4% 17.0% 50% 16% 16.6% 16.3% 16.2% 40% 15% 15.6% 30% 15.3% 17.3% 19.1% 19.7% 20.8% 20.7% 20% 14% 14.8% 14.5% 14.4% 10% 13% 0% 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 -CET1 ratio T1 ratio CAR ratio 3Q 22 4Q 22 Lending to Stable Resources Ratio 1Q 23 2Q 23 3Q 23 Eligible Liquid Assets Ratio (ELAR) - Interest Rates (%) Yield and Funding Cost (%) 6% 5.15% 5.31% 7% 6.30% 6.00% 4.92% 6% 5% 5.10% 4.95% 5.06% 5% 4.30% 4% 4.72% 3.80% 4% 3% 2.40% 1.95% 3% 2.00% 2.20% 2% 2.28% 2% 1.40% 0.80% 0.90% 1% 1.77% 1% 0% 0% 9M 22 FY 22 LIBOR: USD 3M Average 1Q 23 1H 23 EIBOR: AED 3M Average 9M 23 1Q 22 1H 22 Average cost on bank deposits 9M 22 FY 22 1Q 23 Average yield on credit Sources: UAE Central Bank, S&P Capital IQ Public 14#15ADIB Strategy FY 2023 Investor Presentation ADIB مصرف أبوظبي الإس ــلام 1234567∞ 8#16Public = A changing banking landscape The global banking industry is experiencing an era of transformation and opportunity Digitalization Drive Volatile Rate Environment Sustainability Focus Fintech Disintermediation Regulatory Pressure مصرف أبوظبي الإسلامي ADIB 16#17Public = ADIB Strategy Our purpose, values and vision are supported by a clear set of strategic goals Purpose Vision Values We keep it simple and sensible ‣ 4-Pillar Strategy Lifelong partner for customers, colleagues and community To be the world's most innovative Islamic bank We are transparent We work for mutual benefit مصرف أبوظبي الإسلامي ADIB We nurture hospitality and tolerance We are Shari'a inspired Continuous Innovation Segment Focused Digital Excellence Sustainable Future 17#18Public - = ADIB 2025 Strategy: Building the World's Most Innovative Islamic Bank Continuous Innovation in Sharia-compliant banking products ▸ Continuous Innovation Continuous Innovation ■ Innovate Sharia-compliant banking products Re-engineer our processes ■ Launch digital ventures & new business models ■ Deliver a market leading Islamic Wealth Management business ■ Build and scale our Asset management capability Segment Focused Digital Excellence مصرف أبوظبي الإسلامي ADIB 26 Sustainable Future 18#19Public - = ADIB 2025 Strategy: Building the World's Most Innovative Islamic Bank Build on strength in Emirati retail segment and expand underweight business segments ▸ Segment Focused AA AAA Continuous Innovation Segment Focused ■ Grow and strengthen existing segments ■ Focus on Emirati throughout their lifecycle ■ Expand Business Banking ■ Expand offerings to large and mid corporations ■ Better cross sell products and services ■ Establish Fl as a major growth Engine مصرف أبوظبي الإسلامي ADIB Digital Excellence Sustainable Future 19#20Public - = ADIB 2025 Strategy: Building the World's Most Innovative Islamic Bank Become a digital first financial institution ► Digital Excellence Continuous Innovation Segment Focused Digital Excellence ■ Elevate customer convenience through digital ■ Build a modern technology foundation. Become a data-driven company through advanced analytics and Al Build the bank of the future with new digital tools and capabilities مصرف أبوظبي الإسلامي ADIB Sustainable Future 20#21Public - = ADIB 2025 Strategy: Building the World's Most Innovative Islamic Bank Embed sustainability and ESG frameworks into our existing Islamic banking DNA ► Sustainable Future Continuous Innovation Segment Focused Digital Excellence مصرف أبوظبي الإسلامي ADIB دوم で Sustainable Future ■ Optimize, grow & develop human capital ■ Reinforce risk & compliance culture ▪ Embed sustainability into our Islamic banking DNA Develop and Strengthen existing talents ■ Optimize our technology foundations. 21#22Public = Update on Strategy Progress ADIB continued to deliver on its strategy in 2023 Continuous Innovation Key product launches • Salary cash back campaign • Exceed loyalty program Segment Focused • Volt auto finance . Digital on-boarding for business banking • New cash back card • Istrikrar home finance UAE Nationals +67,000 New to bank UAE Nationals Amwali Youth Account 10,701 Accounts Asset Management $135 mn Global Sukuk Fund Grow wholesale banking Retail sales +5% +17% Financing growth YoY Asset growth YoY Digital Elevate customer experience Bank of the future Excellence 91% Overall STP 33 new features on mobile app 80% 50% Digital sales Digital activation Sustainable Future Leader in financial conduct Sustainable finance MSCI A ESG RATINGS Attract new customers +206,000 New customers Build a modern technology foundation Leverage digital channels 63 bots 4.70/5 4.54/5 AppStore rating Google Play rating مصرف أبوظبي الإسلامي ADIB Payment Service AED 3.9 mn Revenue Deepen relationships 1.50 Cross-sell Ratio Data driven organization ACE command center Grow human capital Best customer experience AED 5.4 billion 40% Emiratization rate #1 Number 1 bank NPS in UAE: 60% 78% Employee Engagement Index 22#23ESG Strategy FY 2023 Investor Presentation ADIB مصرف أبوظبي الإس ــلام 123 3 4 5698#24Public = ADIB's ESG Strategy ADIB is committed to supporting the UAE's ambitious agenda to promote sustainable growth and development ADIB's ESG Approach A defined ESG strategy with a three-year roadmap towards sustainability with a key objective for ADIB to become a leader in innovative and Islamic banking ADIB's ESG Integration Launched Sustainable Finance Framework to finance or refinance eligible green and social projects + กรกนก مصرف أبوظبي الإسلامي ADIB Established Board and management ESG Committee to oversee responsibilities regarding (ADIB)'s ESG/sustainability strategies, objectives, and overall performance Launched an ESG Policy Framework which defines ADIB's ambitions and approach to incorporate ESG in its banking operations lu Integrate the ESG considerations into investment and financing decisions through a defined ESG risk due diligence toolkit ADIB's ESG Performance MSCI ESG Rating A ■ MSCI EM ESG Leaders Index Sustainalytics Medium risk ■ Standard & Poor's CSA 38 Recognized as the best Islamic bank in ESG by Global Finance ■ 14% reduction in Scope 1 & 2 GHG emissions ■ 26% reduction in energy intensity ☐ 6 LEED certificates ■ 305 local suppliers engaged ■ 39.4% women workforce ■ ISO 45001 Occupational Health and Safety ■ ISO 9001 Quality Management System ■ ISO 27001 Information Security 24#25Public = Key Pillars of ADIB's ESG Strategy ADIB's ongoing initiatives distributed under three strategic pillars Maximise Positive Impact - Issue sustainable/ green finance products The world's most innovative Islamic bank Sustainable Future Embed sustainability and ESG frameworks into our existing Islamic banking DNA Be a Lifelong Partner مصرف أبوظبي الإسلامي ADIB Maintain High Standards of Governance • Develop financial inclusion policy and programs . Integrate ESG in governance structure Develop ESG procurement strategy Develop a net zero strategy including finance emissions ■ Launch sustainable finance framework ■ Integrate ESG considerations and due diligence in investment & finance decisions ■ Be part of equator principles and PRB Build internal capabilities to support customers' transition to low carbon economy • Establish financial literacy programs for SMEs • Develop a gender diversity strategy • Develop Employee wellbeing plan Become an increasingly learning- oriented organization Implement Emiratization strategy • Cultivate ESG driven culture through trainings and Key Performance Indicators • Attain best-in-class data privacy and cybersecurity Report on ESG as per market and legal requirements Drive social responsibility via community engagements and volunteerism 25 5#26Public = Delivering against our ESG strategy مصرف أبوظبي الإسلامي ADIB Metric MSCI ESG Rating Sustainalytics Environment Social Governance Standard & Poor's CSA Sustainable finance portfolio Scope 1-2 emissions Green/sustainable products Reduce finance emissions Percentage of Females within the organization (%) Female percentage in top management Emiratization rate Procurement Board seats occupied by independent directors (%) Description MSCI assesses the environmental, social responsibility and governance (ESG) risks of companies, and their ability to manage those risks relative to peers. ADIB has achieved an upgrade to its (ESG) risk score by Sustainalytics, It has improved from 34.25 in 2022 to 29.6 in 2023, reflecting a significant leap that transitioned ADIB from the 'high risk' category to the 'medium risk' category. ADIB has improved its S&P Score by 21 points reflecting our ability to manage ESG related risk Amount of finance allocated for green/ sustainable projects Direct environmental impact of our own operations Number of green/sustainable products Reduce scope 3 emissions Number of female working at ADIB group Number of female who are VP and above Percentage of UAE nationals Total spend on local suppliers Independent board members Female representation in board 2023 Target 2025 A Improve ratings 29.6 -> Low risk category 38 -> Improve score AED 5.6 Bn 13,803 (TCO2e) -> AED 17 Bn (2030) -> Reduce 20% 1 (Green Auto finance ) No baseline (to be established) 3 Net Zero plan to determine 39% 45% 6% -> 15% 45% -> 50% 85% Maintain baseline 71% -> Maintain baseline 1 -> 2 100% of the total % of portfolio screened on ESG issues Assess corporates portfolio from ESG perspective 93.6% -> Wholesale Banking & Financial Institutions ESG training Staff trained on ESG 10% -> 90% 26 Women in board#27Financial Performance FY 2023 Investor Presentation ADIB مصرف أبوظبي الإس ــلام 12345678#28مصرف أبو ظبي الإسلامي = Financial Performance Highlights ADIB Delivered record net income of AED 5.25bn, growing 45% YoY on solid balance sheet growth, NIM expansion and fee generation = Strong YoY Growth in Profitability 5.25bn Net Income +45% 9.3bn Revenues +36% 3.1bn Expenses +28% (Underlying growth of 11% only) Solid Balance Sheet Growth YoY 193bn Total Assets +14% 120bn Gross Customer Financing +6% (At constant FX 8% growth) 157bn Deposits +14% - Strong Capital Position and Return YoY 16.8% CAR -37bps 27.1% Return on Equity +572bps 32.9% Cost to Income Ratio -198bps Public All figures in AED 28#29Public = Income Statement 45% YoY growth in Net income in FY 2023 underscored by increase volume transactions and margins Net Income (AEDmn) 2,000 Net Income Movement YoY (AEDmn) 1,501 1,424 1,500 1,167 1,224 1,102 1,000 500 +45% 487 1,971 3,619 -675 9 مصرف أبوظبي الإسلامي ADIB -160 5,251 0 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Profit after zakat & tax FY 22 +47% Funded income Non-funded income +18% Expenses Impairments Zakat & tax +28% -1% +265% Profit after zakat & tax FY 23 Income Statement Highlights - Net Income Movement by Segment YoY (AEDmn) AED (mn) FY 2023 FY 2022 A% 4Q 2023 4Q 2022 A% +45% Funded income 6,122 4,151 +47% 1,616 1,349 +20% 413 94 246 65 126 5,251 1,073 Non-funded income 3,172 2,684 +18% 984 970 +1% 3,619 -384 Revenues Operating expenses 9,294 6,835 +36% 2,599 (3,061) 2,319 +12% (2,387) +28% (876) (688) +27% Provision for impairment (760) (769) -1% (189) (416) -55% Profit after zakat & tax FY 22 Retail Wholesale Private Treasury Real estate Associates and subs Other Profit after zakat & tax FY 23 Net Income after zakat and tax 5,251 3,619 +45% 1,501 1,167 +29% +67% +90% +138% -67% +1,078% +25% +60% 29#30Public = Funded Income Strong growth in funded income driven by strong business volumes and higher rates with NPM improving 94bps Net Profit Margin (%) - مصرف أبوظبي الإسلامي ADIB = Net Profit Margin Movement YoY (%) 8% 6.61% 6.78% 6.36% 7% 6.14% +94bps 0.40% 6% 0.73% 0.11% 0.69% 4.50% 4.35% 4.41% 4.48% 4.50% 5% 0.37% 3.56% 4.33% 4% 3.56% -1.35% 3% 1.70% 1.82% 1.97% 2.09% 2% 1% 0.74% 0% FY 22 1Q 23 1H 23 9M 23 FY 23 Net profit margin FY 22 Retail Wholesale financing financing FI Interbank placements Cost of funding Other Net profit margin FY 23 Gross margin Cost of funding Net profit margin Funded Income Composition (AEDmn) Associates and subs 18.2% 1,112mn Treasury -16.0% -980mn Private 4.1% 253mn Other 9.4% 573mn Funded Income Movement YoY (AEDmn) +47% 848 414 1,006 37 147 Retail FY 23 773 68.5% 6,122mn 4,151 4,192mn -1,252 6,122 Wholesale 15.9% 972mn Funded income FY 22 Retail Wholesale Private FI Treasury & Associates Others & subs Cost of funding Funded income FY 23 +27% +97% +36% +98% +100% +400% +211% 30#31Public = Non-Funded Income Strong non-funded income growth on F&C and FX income, underlining strategic focus on revenue diversification Non-Funded Income (AEDmn) +1% 984 970 853 724 611 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 QoQ -37% +18% +18% +15% Non-Funded Income Composition (%) Foreign exchange income 14.4% 456mn Risk participation 3.8% 121mn Trade related 4.5% 144mn Cards income 22.2% 703mn FY 23 3,172mn مصرف أبوظبي الإسلامي ADIB ☐ Non-Funded Income Movement YoY (AEDmn) +18% 113 3,172 624 2,684 247 -497 Non-funded income FY 22 Investment income -34% Fees and commission income +18% Foreign exchange Other income income Non-funded income FY 23 +372% +942% Fee & Commission Income Movement YoY (AEDmn) Other 6.7% 214mn 1,368 55 -1 +18% 142 45 3 3 1,615 Investment income 30.7% 975mn Fee & commission Retail & others Retail & others income +11% Risk participation -1% Cards income Trade related Brokerage FY 22 +25% +46% +7% +8% Property Fee & management commission income FY 23 17.6% 559mn 31#32Public - - - Operating Expenses مصرف أبوظبي الإسلامي ADIB Significant cost to income ratio improvement helped by higher income and operational efficiency amid ongoing transformation investments Cost To Income Ratio (%) Expenses Movement YoY (AEDmn) -198bps +28% 34.9% 35.7% 33.9% 32.6% 32.9% 243 21 310 3,061 2,387 100 FY 22 1Q 23 1H 23 9M 23 FY 23 Expenses FY 22 One-off reversal FY 22 Employee costs General & admin costs Depr'n & Amort'n Expenses FY 23 QoQ +74bps -176bps -125bps +29bps +20% +39% +7% Expenses (AEDmn) +27% Expenses Composition (%) Depreciation 10.5% 876 321mn 726 719 740 688 4Q 22 QoQ 1Q 23 2Q 23 3Q 23 4Q 23 +6% -1% +3% +18% Amortisation of intangibles 0.5% 15mn General & administrative costs FY 23 3,061mn Employee costs 28.5% 874mn 60.5% 1,851mn 32#33Public Impairments Broadly stable impairment charge YoY and COR is at a comfortable 49bps for FY 2023 Impairments Movement YoY (AEDmn) 93 769 -90 -29 -1% 112 69 -163 760 = Impairments (AEDmn) -55% 416 مصرف أبوظبي الإسلامي ADIB 223 202 189 146 Impairments Retail Wholesale Private Treasury FY 22 Associates and subs Others Impairments FY 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 +75% -31% -99% +271% +99% -87% QoQ -65% +52% -9% -6% - Cost Of Risk (%) = Impairments Composition (%) 0.8% 0.66% 0.66% 0.7% 0.62% 0.55% 0.6% 0.5% 0.58% 0.4% 0.29% 0.3% 0.34% 0.2% 0.30% 0.23% Associates and subs 0.49% 29.5% 224mn 0.48% 0.44% 0.50% Others 0.36% 0.31% 3.2% 24mn 0.1% Treasury 0.0% FY 22 Group 1Q 23 1H 23 9M 23 FY 23 12.5% 95mn Retail Wholesale FY 23 760mn Retail 28.6% 218mn Wholesale 26.2% 199mn Private 0.0% 0.2mn 33#34Public - Non-Performing Financing Lowest NPA ratio since 4Q 19 with cost of risk in line with guidance while coverage ratio trending within the guidance NPA (AEDmn) NPA Movement YoY (AEDmn) -16% 8,705 8,710 8,619 7,762 7,292 8,705 -16% -1,022 -195 -195 مصرف أبوظبي الإسلامي ADIB 7,292 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 NPA 4Q 22 QoQ +0% -1% -10% -6% Corporate -20% Individual FI & Other NPA 4Q 23 -6% -42% NPA Ratio (%) 9.0% NPA Coverage Ratio (%) 150% 128% 139% 129% 128% 131% 8.5% 130% 8.0% 7.7% 7.7% 7.5% 110% 7.5% 90% 7.0% 6.6% 70% 6.5% 6.1% 72% 71% 73% 70% 74% 50% 6.0% 30% 5.5% 5.0% 10% 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 NPA Coverage Ratio with Collaterals 2Q 23 3Q 23 4Q 23 NPA Coverage Ratio 34#35مصرف أبوظبي الإسلامي Balance Sheet Total assets increased by 14% YoY driven by 7% growth in customer financing supported by a very strong funding position Total Assets (AEDbn) ADIB 250 182.2 184.1 192.8 200 168.5 172.1 150 100 50 Total Assets Movement YoY (AEDbn) +14% 7.3 3.9 7.3 5.1 0.8 192.8 168.5 0 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Total assets 4Q 22 Cash & balances with central banks +30% Due from financial institutions +52% Customer financing, net +7% Investments Other Total assets 4Q 23 +26% +9% - Balance Sheet Highlights Funding Movement YoY (AEDbn) AED (mn) 4Q 2023 3Q 2023 A% 4Q 2022 A% * Customer financing, net 115,002 112,595 2% 107,717 7% +14% 18.9 1.0 1.8 2.8 192.8 Investments 24,483 23,000 6% 19,432 26% 168.5 -0.3 Total assets 192,827 184,124 5% 168,517 14% Total Deposits 157,067 151,545 4% 138,137 14% Total liabilities Total equity 26,242 166,585 159,424 24,699 4% 145,056 15% & equity 6% 23,461 12% 4Q 22 Total liabilities Due to financial institutions -10% Customer deposits +14% Other liabilities Sukuk financing Total equity Total liabilities instruments & equity +25% +100% +12% 4Q 23 *8% growth of customer financing in constant currency, excluding devaluation of EGP Public 35#36Public مصرف أبو ظبي الإسلامي = Customer Financing - ADIB AED 6.8bn growth in gross financing assets vs last year mainly due strong volumes from Retail, Corporate, Government and Public sector Customer Financing, Net (AEDbn) Customer Financing, Gross Movement YoY (AEDbn) 120.0 115.0 110.0 105.0 100.0 Customer Financing, Gross by Segment (%) +6% 115.0 +8% Other 112.6 109.3 Private 3.7% 4.4bn 1.8% 113.4 6.7 0.5 1.0 1.0 121.9 120.2 2.2bn 107.7 107.3 4Q 23 120.2bn -0.5 -0.1 -1.8 Wholesale 42.3% 50.9bn Retail 52.1% 62.6bn Customer Individual Govmnt. & Corporate FI financing, Associates Other Customer FX impact Customer gross public sector & subs. financing, financing, 4Q 22 gross (excl. FX impact) gross 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 +12% +3% +5% -9% +11% -1% Customer Financing, Gross by Sector (%) Retail Financing, Gross Composition (%) Retail Financing, Gross Movement YoY (AEDbn) Government & public sector +12% Real estate 5.4% 1.9 0.6 62.6 Other 1.3% 17.2% 20.7bn 2.0 1.6bn 4Q 23 120.2bn Home finance 31.0% 19.4bn 3.4bn 2.6 55.9 -0.4 4Q 23 Card Corporate Individual 24.4% 29.3bn 62.6bn 4.4% Auto finance 2.8bn 52.5% 13.8% 63.1bn 8.7bn Personal finance FI 4.6% 5.5bn 45.3% 28.4bn Retail financing, gross Auto finance 4Q 22 +43% Personal finance +8% Home finance Card Real estate Retail financing, gross +11% +28% -9% 4Q 23 36#37Public = Investments Diversified Investment Portfolio - Investments (AEDbn) 30.0 24.5 22.6 23.0 25.0 21.0 19.4 20.0 15.0 Investments Movement YoY (AEDbn) 4.5 +26% 0.7 19.4 10.0 5.0 0.0 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Investments 4Q 22 Investments carried at amortised cost +31% Investments by Country (%) Others 13.8% 3.4bn Middle East 34.0% 8.3bn 4Q 23 24.5bn Investments by Type (%) Investments in Sukuk at FVTOCI Investments carried at FV through P&L +40% 12.7% 3.1bn Trading Investment at fair value 9.5% 2.3bn UAE 4Q 23 24.5bn 52.2% 12.8bn -0.1 مصرف أبوظبي الإسلامي ADIB 24.5 Investments carried at FV through OCI -4% Investments 4Q 23 Private equities and funds 0.7% 0.2bn Investments at amortized cost 77.1% 18.9bn 37#38Public مصرف أبوظبي الإسلامي = Customer Deposits ADIB Up 14% YoY reflecting our ability to gain market share with 8.7bn increase in CASA, demonstrating effective deposit gathering strategy Total Deposits (AEDbn) Total Deposits Movement by Segment YoY (AEDbn) 157.1 160.0 150.4 151.5 +14% 150.0 141.8 9.2 1.1 0.3 0.6 157.1 10.1 140.0 138.1 138.1 130.0 -2.4 120.0 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Total Deposits by Segment (%) Wholesale 21.5% 33.7bn Community & others 1.8% 2.8bn Associates & subs. 9.6%... Total Deposits by Type (%) Time 1.4% 2.2bn Wakala 20.0% 31.4bn STI 12.8% 20.1bn 4Q 23 157.1bn Private 8.2% 12.8bn Total deposits 4Q 22 Retail Wholesale Private +12% +38% +9% +11% Treasury Community & Asiates & subsotal deposits 4Q 23 -79% +4% Treasury 0.4% 0.6bn Retail Total Deposits Movement by Type YoY (AEDbn) 58.6% 92.0bn +14% 7.0 8.7 3.8 138.1 Other 0.5% 0.8bn 4Q 23 157.1bn -0.7 0.0 157.1 CASA 65.3% 102.6bn Total deposits CASA STI Wakala Time Other 4Q 22 Total deposits 4Q 23 +9% +24% +29% -23% +6% 38#39Public = مصرف أبوظبي الإسلامي Capital and Liquidity ADIB Robust foundation across all key metrics including strong capital and liquidity ratios Capitalization Ratios (%) Liquidity Ratios (%) 20% 90% 82.1% 80.3% 78.0% 78.6% 18.0% 76.0% 17.5% 17.7% 80% 18% 17.2% 16.8% 70% 78.0% 75.7% 72.7% 74.3% 73.2% 60% 16% 16.9% 16.4% 16.5% 16.0% 50% 15.7% 14% 40% 30% 21.8% 12% 13.4% 18.9% 19.6% 18.8% 21.0% 12.8% 12.5% 12.1% 12.2% 20% 10% 10% 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 CAR ratio CET1 ratio T1 ratio Eligible Liquid Asset Ratio (ELAR) Advances to stable fund ratio (AFR) FTD Ratio RWA (AEDbn) +15% 119.9 10.4 = Capitalization (AEDbn) Total Capital Movement YoY (AEDbn) +13% +13% 134.3 138.2 24.2 5.3 23.2 20.6 10.7 10.7 1.5 20.6 1.6 1.8 2.4 4.8 1.3 4.8 1.9 4.8 -0.3 -2.6 0.3 23.2 121.8 125.2 107.5 +3% 17.9 14.5 QoQ -4% QoQ 16.9 4Q 22 3Q 23 4Q 23 4Q 22 3Q 23 4Q 23 Total Capital Profit after Tier 1 Sukuk Proposed 4Q 22 zakat & tax cost dividend Other Total Capital 4Q 23 Credit Market ■Operational CET1 Additional T1 T2 39#40Segmental Performance FY 2023 Investor Presentation ADIB مصرف أبوظبي الإس ــلام 12345 6 7 8#41Public مصرف أبوظبي الإسلامي Segmental Balance Sheet Summary Financing growth driven mainly by Retail, while deposit growth from both Retail and Wholesale segments Customer Financing, Gross Movement YoY (AEDbn) +6% +8% 113.4 6.7 0.5 1.0 -0.5 1.0 -0.1 121.9 -1.8 120.2 = Customer Financing, Gross by Segment (%) Private 3.7% ADIB Other 1.8% 2.2bn 4.4bn 4Q 23 120.2bn Customer Individual financing, Govmnt. & Corporate public sector FI Associates & subs. Other gross 4Q 22 Customer financing, gross (excl. FX impact) FX impact Customer financing, gross 4Q 23 Wholesale 42.3% 50.9bn +12% +3% +5% -9% +11% -1% = Total Deposits Movement by Segment YoY (AEDbn) = Total Deposits by Segment (%) Retail 52.1% 62.6bn +14% 9.2 1.1 10.1 138.1 0.3 0.6 157.1 Wholesale 21.5% Private 8.2% 12.8bn 33.7bn -2.4 Community & others 4Q 23 Treasury 1.8% 0.4% 2.8bn 157.1bn 0.6bn Associates & subs. 9.6% Total deposits 4Q 22 Retail Wholesale Private Treasury +12% +38% +9% -79% Community & Associates & subs. others +11% Total deposits 15.1bn Retail 58.6% 92.0bn 4Q 23 +4% 41#42Public = Segmental Income Statement Summary Profit growth driven by core business growth Total Operating Income Movement YoY (AEDmn) مصرف أبوظبي الإسلامي ADIB = Net Income Composition (AEDmn) +36% 1,386 340 81 6,835 691 9,294 Others 12.4% 653mn 75 195 Associates and subs 11.9% 623mn Real estate 1.5% Retail -310 138mn Treasury FY 23 9,294mn 53.0% 4,926mn 3.6% 189mn Total operating income FY 22 Retail Wholesale Private Treasury Real estate Others Associates and Total operating Private subs income FY 23 +39% +33% +47% -48% +121% +31% +93% 3.1% 162mn Wholesale 16.6% 873mn Net Income Movement YoY (AEDmn) Net Income Composition (AEDmn) +45% 413 94 1,073 3,619 Others 12.4% Associates and subs 11.9% 246 126 5,251 653mn 65 623mn -384 Real estate 1.5% Retail 138mn. Treasury 3.6% 189mn FY 23 5,251mn 53.0% 4,926mn Net income Retail Wholesale Private Treasury Real estate Others FY 22 Associates and subs Net income Private FY 23 +67% +90% +138% -67% +1,078% +60% +25% 3.1% 162mn Wholesale 16.6% 873mn 42#43Public = Retail Retail net profit increased 67% mainly driven by growth in funded income Net Income Movement YoY (AEDmn) +67% 210 1,176 1,607 -220 -93 2,680 Net income Funded income FY 22 Non-funded income Operating expenses Impairment charge Net income FY 23 +39% +40% +12% +75% Customer Financing, Gross (AEDbn) مصرف أبوظبي الإسلامي ADIB Cost To Income Ratio (%) 51.1% 43.8% 41.6% 40.9% 41.2% FY 22 Cost of Risk (%) 0.23% 1Q 23 1H 23 9M 23 FY 23 0.34% 0.36% 0.30% 0.31% FY 22 1Q 23 1H 23 9M 23 FY 23 Customer Deposits (AEDbn) +12% +12% 53.7 55.1 56.5 58.4 60.5 86.5 88.5 88.9 92.0 81.9 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 QoQ +2% +3% +3% +3% QoQ +6% +2% +0% 4Q 23 +4% 43#44Public - Wholesale Wholesale net profit increased 35% YoY driven by higher funded income, decline in impairment charges and tax Net Income Movement YoY (AEDmn) Cost To Income Ratio (%) +90% 90 100 240 460 -6 -11 873 26.5% FY 22 Cost of Risk (%) 0.66% مصرف أبوظبي الإسلامي ADIB 23.0% 22.5% 20.8% 20.4% 1Q 23 1H 23 9M 23 FY 23 0.55% 0.62% 0.66% 0.44% Net income FY 22 Funded income Non-funded income +33% +33% Operating Impairment expenses charge +2% Tax & zakat Net income FY 23 -31% +90% FY 22 1Q 23 1H 23 9M 23 FY 23 Customer Financing, Gross (AEDbn) Customer Deposits (AEDbn) +2% +38% 44.1 43.6 44.1 45.1 45.0 32.0 32.5 33.7 27.3 24.5 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 QoQ -1% +1% +2% -0% QoQ 1Q 23 +11% 2Q 23 +17% 3Q 23 +2% 4Q 23 +4% 44#45Public = Treasury Treasury net profit declined 67% from higher funding costs in rising rate environment Net Income Movement YoY (AEDmn) - 573 404 -67% 189 -4 -69 -714 Net income Funded income FY 22 Non-funded income +269% +45% Operating expenses +10% Impairment charge +271% Net income FY 23 Investments (AEDbn) +26% مصرف أبوظبي الإسلامي ADIB Cost To Income Ratio (%) 13.6% 12.2% 13.2% 14.2% 6.6% FY 22 Investment Yield (%) 2.67% 1Q 23 1H 23 9M 23 FY 23 3.54% 3.50% 3.55% 3.52% FY 22 1Q 23 1H 23 9M 23 FY 23 Customer Deposits (AEDbn) 24.5 3.0 22.6 23.0 21.0 19.4 -79% 1.8 1.5 1.1 0.6 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 QoQ +8% +8% +2% +6% QoQ -41% 2Q 23 -14% 3Q 23 -26% 4Q 23 -43% 45#46Performance Track Record FY 2023 Investor Presentation ADIB مصرف أبوظبي الإس ــلام 7 12345698#47Public Balance Sheet Trends Consistently solid balance sheet growth Total Assets (AEDbn) +11% CAGR Customer Financing, Net (AEDbn) +9% CAGR مصرف أبوظبي الإسلامي ADIB 192.8 115.0 168.5 107.7 126.0 127.8 136.9 88.3 81.1 83.4 2019 2020 QoQ +1% 2021 +7% 2022 +23% 2023 +14% 2019 QoQ 2020 +3% 2021 +6% 2022 +22% 2023 +7% - Investments (AEDbn) +17% CAGR 24.5 19.4 12.9 13.8 13.7 Total Deposits (AEDbn) +12% CAGR 157.1 138.1 109.6 101.4 101.3 2019 2020 2021 2022 2023 2019 2020 QoQ +7% -1% +42% +26% QoQ -0% 2021 +8% 2022 +26% 2023 +14% 47#48Public = Asset Quality, Capital & Liquidity Strong capitalization and liquidity positions and improving credit metrics NPA Ratio (%) NPA Coverage Ratios (%) - مصرف أبوظبي الإسلامي ADIB 10.0% 8.8% 8.9% 160.0% 132.6% 7.7% 140.0% 8.0% 6.5% 6.0% 139.5% 127.9% 120.0% 110.7% 120.0% 6.1% 100.0% 80.0% 62.8% 66.8% 71.8% 74.3% 57.9% 4.0% 60.0% 40.0% 2.0% 20.0% 0.0% 0.0% 2019 2020 2021 2022 2023 2019 2020 NPA Coverage Ratio with Collaterals 2021 2022 2023 NPA Coverage Ratio Capitalization Ratios (%) Liquidity Ratios (%) 20.0% 18.8% 100.0% 18.6% 17.9% 18.0% 84.1% 85.8% 84.1% 90.0% 82.1% 17.2% 76.0% 16.8% 80.0% 17.7% 70.0% 80.0% 82.4% 80.5% 17.5% 78.0% 16.0% 16.8% 73.2% 60.0% 16.0% 15.7% 50.0% 14.0% 40.0% 12.0% 30.0% 19.9% 20.7% 19.7% 12.9% 12.9% 18.9% 21.0% 12.1% 12.1% 12.2% 20.0% 10.0% 10.0% 2019 2020 2021 2022 2023 CET1 ratio T1 ratio CAR ratio 2019 2020 2022 2023 Advances to stable fund ratio (AFR) Eligible Liquid Asset Ratio (ELAR) ⚫FTD Ratio 2021 48#49Public = Revenues and Expenses Robust revenue and operating expense trends with improving net profit margin and positive jaws Revenues (AEDmn) Net Profit Margin (%) مصرف أبوظبي الإسلامي ADIB 6.00% +12% CAGR 5.00% 4.50% 4.25% 9,294 4.00% 3.51% 3.56% 3.09% 6,835 5,915 5,358 5,560 3.00% 2.00% 1.00% 0.00% 2019 2020 2021 YOY -9% +4% 2022 +23% 2023 +36% 2019 2020 2021 2022 2023 = Expenses (AEDmn) Cost To Income Ratio (%) 60.0% +4% CAGR 50.0% 44.9% 3,061 2,653 40.0% 45.7% 40.7% 34.9% 32.9% 2,450 2,260 2,387 30.0% 20.0% 10.0% 0.0% 2019 2020 2021 YOY -8% -8% 2022 +6% 2023 2019 2020 2021 2022 2023 +28% 49#50Public Impairments and Profitability Higher returns and reduction of cost of risk in 2022 Impairments (AEDmn) 658 2019 YOY مصرف أبوظبي الإسلامي ADIB Cost Of Risk (%) 1.40% 1.28% 1,314 +4% CAGR 1.20% 0.99% 1.00% 954 0.80% 769 760 0.55% 0.58% 0.49% 0.60% 0.40% 0.20% 0.00% 2020 2021 2022 +100% -27% -19% 2023 -1% 2019 2020 2021 2022 2023 Net Income (AEDmn) Returns (%) 35.0% +19% CAGR 30.0% 29.0% 26.3% 5,251 25.0% 18.6% 17.8% 3,619 20.0% 2,601 15.0% 11.6% 2,330 1,604 10.0% 5.0% 2.1% 1.5% 2.2% 3.1% 3.3% 0.0% 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 YOY -38% +45% +55% +45% ROAE ROAA 50#51Appendix FY 2023 Investor Presentation ADIB مصرف أبوظبي الإس ــلام 7 12345658#52= Additional Information Please contact the Investor Relations team for additional information or download ADIB's IR App - ADIB Investor Relations Contact Mrs. Lamia Khaled Hariz Public Head of Public Affairs and Investor Relations E: [email protected] T: +917 2 634 3000 M: +971 50 682 4207 ADIB Investor Relations Website https://adib.com/en/Pages/Investor-Relations.aspx ADIB Click to access our latest reports and publications: A RECORD BREAKING YEAR ANNUAL REPORT 2022 مصرف أبوميان الإسلامي Annual Report 2022 - ADIB Investor Relations App مصرف أبوظبي الإسلامي ADIB Download link: Download on the GET IT ON App Store Google Play My Accoun ADIB Abu D 4.79 About Us Key Figures Financial Reports Investor Presentations MD&A Share Performance Share Information Historical Price C ADIB ADIB MAXIMIZING OUR POSITIVE IMPACT 2022 ESG REPORT ESG Report 2022 50 مصرف أبوظبي مصرف أبوظبي الإسلامي ADIB MAXIMIZING OUR POSITIVE IMPACT 2022 ESG REPORT ESG summary Report 2022 52 52#53Public = Disclaimer مصرف أبوظبي الإسلامي ADIB = The information contained herein has been prepared by Abu Dhabi Islamic Bank PJSC (ADIB). ADIB relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This presentation has been prepared for information purposes only and is not and does not form part of any offer for sale or solicitation of any offer to subscribe for or purchase or sell any securities nor shall it, or part of it, form the basis of or be relied on in connection with any contract or commitment whatever. Some of this information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of ADIB. These forward-looking statements include all matters that are not historical facts. The inclusion of such forward looking information shall not be regarded as representation by ADIB or any other person that the objectives or plans of ADIB will be achieved. ADIB undertakes no obligation to publicly update or publicly revise any forward-looking statement, whatever as a result of new information, future events or otherwise. 53