ACCESS : UNVEILING ACCESS CORPORATION'S 2023-2027 CORPORATE STRATEGY

Access

Corporation

Strategy

2027 5-Year Strategy Document

Investor Presentation

January 2023

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CONTENTS

1 Introduction

2	Historical context and
financial performance
		2018 -2022

3	Looking ahead - our strategy
for the future 2023 - 2027

2

Access Corporation's Global network and scale

Large customer base

Growing users on our digital channels

Listings

85%

52 Million+1 customers

2,883+ ATMs

11mn USSD users

18.5mn unique mobile app and internet banking users

633 Branches

53,440+ POS	(Primary equity listing)
	($400m Tier II bond)
	($300m Senior bond)
		B3
46k+ Agents		B-
	B-
		AA-

More than the population of 85% (50) of African countries

Superior service through four SBUs, across 17 countries including, the UAE, UK, and 3 rep offices in China, India

and Lebanon

	Corporate Commercial	Business	Retail
Holdco verticals
•	Payments	•	Pensions
•	Insurance	•	Consumer lending

1. As at Q3 2022
2. After Tax Return on Average Common Equity

Source: Access Bank Financial Statements

Consistent financial performance	Significant gender diversity
₦906.9bn	₦148.7bn
Gross Earnings	Profit before tax	6,000
(9M '22)		(9M '22)
			Professional Staff
21.7%	22.6%	15.84
ROACE2	CAR	Tier 1 ratio	53%	47%

Awards & recognitions

• 2022 International Investors Award - Best Environmental and Social Performance Award
• 2022 Finance Derivative Award - Best Sustainable Bank Africa
• 2022 Euromoney Awards - Best Bank in Nigeria

 2022 Global Sustainable Finance Awards - Outstanding Leadership in ESG-Related Loans, Africa

• 2022 Global Sustainable Finance Awards - Financial Leadership in Sustaining Communities, Africa

 Global Brands Magazine Awards 2022 - Best Digital Banking Brand

3

Our Corporate History

In two decades, Access Bank has emerged as a leading tier one financial institution in Nigeria, in line with its disciplined execution of rolling 5-year corporate plans

Strategic cycle 2003 -2007

Appointment of Aigboje Aig- Imoukhuede as MD / CEO and Herbert Wigwe as DMD

FMO becomes largest institutional investor through conversion of US$15m term loan

Established Access Bank UK International subsidiary in 2007 in addition to Gambia & Sierra Leone subsidiaries

Raised ₦15bn in public issues to meet capital requirements

Embarked on a cyclical 5-year transformation agenda

Successful acquisition of Capital and Marina Banks

Moved from 65th to 9th

Strategic cycle 2008 - 2012

Raised ₦136bn in public offerings, including a highly successful and over-subscribed GDR

Issued US$150m loan stock from multinational institutional investors

Acquired Intercontinental Bank Issued US$350m Eurobond

Passed CBN's special audit on Governance, Liquidity and Capital Adequacy

Established Rwanda, Zambia, Ghana & DRC African subsidiaries

Emerged as the fourth largest Nigerian bank following the acquisition

Top 5 by 2012

Strategic cycle 2013 - 2017

Appointment of Herbert Wigwe as

MD / CEO and Roosevelt Ogbonna

as DMD

Issued US$400m Tier II

Subordinated Notes

Raised ₦41.7bn in equity capital by

way of a Rights Issue

Issued US$350 Senior Unsecured Notes

Transition to a large diversified banking institution

Designated 'A Significant Important Financial Institution' by the CBN

Top 3 by 2017

Strategic cycle 2018- 2022

Signed a Memorandum of Agreement, leading to a merger with Diamond Bank

Completed 6 M&A transactions across Africa- South Africa, Botswana, Kenya, Mozambique, Cameroon, Guinea

Issued US$500 Tier 2 capital & US$500 AT1 Subordinated Notes

Issued N15bn Fixed Rate Green Bonds and listed on the FMDQ OTC Exchange and the Nigerian Stock Exchange

Unveiled new corporate strategy with intent to become Africa's Gateway to the World & launched a new brand reflective of the newly merged entity

#1 in 2022

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CONTENTS

1 Introduction

Historical context and 2 financial performance

(2018- 2022)

3	Looking ahead - our strategy
for the future (2023 - 2027)