Investor presentation - National Bank of Abu Dhabi

Investor PresentationFY 20131

Contents‣ UAE, Abu Dhabi & Banking Sector Pages 3 – 6‣ NBAD Overview Pages 7 – 14‣ Strategy and Recent Developments Pages 15 – 24‣ Performance Review Q4/ FY 2013 Pages 25 – 33‣ Appendix Pages 34– 492

UAE, Abu Dhabi & Banking Sector3

UAE economic overviewUAE OverviewUAE Overview A Federation of seven Emirates (Abu Dhabi being the capital)Headed by the President (Ruler of Abu Dhabi; Ruler of Dubai is the Vice President)Key Facts • Rating: Moody’s (Aa2 stable) +• 2 nd largest economy in GCC and the Arab world (after Saudi Arabia) *• 8.2% (97.8 bn barrels) of proven global oil reserves (end 2011)• UAE Banking sector offers the largest asset base within the GCC (NBAD is 4 th largest bank by assets in the MENA region)• UAE banking sector is dominated by domestic players domiciled within the market+ S&P and Fitch do not rate UAE* Nominal GDP rankings by IMF (2011)Source: Bloomberg, IMF, UAE Central Bank, US Energy Information Administration, OPECKey Economic Indicators2012 Estimates(in US$ bn)UAEHongKongSingaporeMalaysiaNominal GDP 377 263 277 304Real GDP growth(% change yoy)4.3 1.4 1.3 5.6Merchandise Exports 347 409 443 228Merchandise Imports 217 380 504 197Population (mn) 8.3 7.2 5.4 29.5Source: IMF, UAE Central Bank, World Economic Outlook Database, April 2013(Exchange Rate: 1 USD = 3.673 AED)UAE GDP (Real) Split by SectorOther primaryactivities 1%Manufacturing9%Crude oil &Natural Gas33%GovtServices 5%Construction10% RealEstate 11% Transports,Storage &Communicatn9%Trade 12%FinancialInstitutions7%Source: National Bureau of Statistics, Economic Report 2012 (at 2007 constant prices)Other Services(net) 3%4

Abu Dhabi – The CapitalAbu Dhabi Key Economic IndicatorsCredit RatingSizePopulationAa2 (Moody’s) / AA (S&P) / AA (Fitch)Abu Dhabi accounts for 87% of UAE’s land area2.12mn (mid-2011 est)Nominal GDP US$ 219.4bn (+29.9%); Real GDP growth 6.8%GDP Per CapitaOil & Gasas a % of GDPCrude Oil-- Production-- ReservesPrincipal Contributorsto Nominal GDPUS$ 103,485 (2 nd highest in the world * – IMF)58.5% (nominal GDP)Approx 2.8mn bpd (2011)92 bn barrels; (Global ranking - 6 th )Real Estate & Construction (14%), Trade, Services &Logistics (11%), FIs & Insurance (5%), Manufacturing(5%), Govt Services (7%) – contribute ~41% toAbu Dhabi’s GDPAbu Dhabi ‚2030Economic Vision‛Initiative by the Government of Abu Dhabi to developand diversify the economy beyond oil revenuesFuture DevelopmentsFuture major ongoing developments in line with AbuDhabi Economic Vision 2030 covering all sectors havean estimated value of over US$ 150bn (Zawya)Source: Department of Planning and Economy, IMF, UAE Central Bank, NBAD Research, Statistics Centre –Abu Dhabi (All figures as of 2011, unless stated otherwise)* Assuming Abu Dhabi as a standalone nationTop – An artists impression of Sowwah Island (Central Business & Financial District)Below – KIZAD (Khalifa Industrial Zone Abu Dhabi) masterplan5

The UAE banking sectorUAE banking sector(in USD bn)2011 2012 Nov-2013CountryAs at(2013)Growth(YoY)Banking SectorAssets (USD bn)Total Assets 1 452.5 487.8 542.1Certificates of Depositheld by Banks21.9 25.9 27.0Investments by Banks 38.9 42.3 49.9Deposits 2 291.2 317.9 346.7Bank Credit 3 291.6 299.2 319.5Specific Provisions 15.1 18.5 20.7General Provisions 4.4 4.8 5.0Capital Adequacy Ratio 5 20.8% 21.0% 19.0%Banks & Branches 4National Banks (23) 904 945 977Foreign Banks (28) 162 166 170Source: UAE Central Bank1 Net of provisions and interest in suspense2 Excluding Inter-bank deposits3 Excluding loans to banks, provisions & interest in suspense4 Includes head offices, branches, pay offices, EBUs5 As of September 2013UAE Nov 10.9% 542.1S. Arabia Dec 9.2% 504.8Bahrain Sep (4.9)% 185.3Kuwait Nov 9.1% 180.4Qatar Dec 11.6% 251.6Oman Dec 7.2% 58.1GCC Estimate 8.2% 1,722.3Source: Central Banks of respective countries6

NBAD Overview7

NBAD at a glance‣ Banker to the Abu Dhabi Government‣ 70% owned by the Government of Abu Dhabi through ADIC (Abu Dhabi Investment Council)‣ Well diversified Financial Group – across businesses and geography‣ Consistent profitability and value creation to shareholders‣ Well positioned for growth from global economic recovery‣ ‘Safest Bank in the Middle East’ * - highest rated bank in the Middle East‣ Clear and focused strategy for growth‣ Largest international presence among the UAE banks* By Global Finance – Safest Bank in Middle East since 2011; Among the World’s 50 Safest Banks since 20098

NBAD at a glance (…cont’d)OverviewCreditRatingPresenceStock Info(Price as of31 Jan 2013;ratios basedon FY’13financials)• Incorporated in 1968 to serve as Banker to the Emirate ofAbu Dhabi• Owned (70%) by Government of Abu Dhabi, via the AbuDhabi Investment Council (ADIC)• Listed on Abu Dhabi Securities Exchange (ADX)Fitch Moody’s S&PRAM(Malaysia)LT AA- Aa3 AA- AAAST F1+ P-1 A-1+ P1R&I(Japan)Outlook Stable Stable Stable Stable Stable• Domestic - 126 branches * , 588 ATMs + , 8 Business Bankingcentres across the 7 emirates• Overseas – 57 units * , 74 ATMs across 16 countriesMarket Cap(Price @ AED 15.25)A+AED 65.3bn (US$ 17.8bn)Diluted EPS 1.04PE Ratio 14.5Price / Book 2.1Abu Dhabi & EasternRegion (88)LondonEgypt (30)Channel Islands Geneva Jordan (3)ParisWashington, D.C.Kuwait Bahrain ShanghaiLibyaUAEOman (9)Sudan (4)Hong KongMalaysiaBrazilRas al-Khaimah (2)Umm al-Quwain (1)Ajman (1)Dubai(18)Sharjah (9)Fujairah (4)Shares Outstanding (@ AED1)Free float:* Including cash offices, subsidiaries, offshore units & representative offices+ includes Cash deposit machines4,280 mn29.8%9

Financial snapshotAssets (AED billion)Equity (AED billion) (includes AED 4bn GoAD Tier-I capital notes)211301325243135139115652004 2007 2010 2013• Impressive asset growthCustomer Loans (AED billion)2004 2007 2010 2013• Consistent growth supported by a well-capitalised balancesheetCustomer Deposits (AED billion)137165184190211358039821232004 2007 2010 2013• Strong, yet prudent loan growth2004 2007 2010 2013• Continue to build our customer deposit base through customersatisfaction, rather than pricing10

Financial snapshot (…contd)Net profits (AED million)4,332 4,7333,0191,1372004 2005 2006 2007 2008 2009 2010 2011 2012 2013• Consistent bottom-line growthTop-line operating income (AED million)8,6719,3985,3011,7332004 2005 2006 2007 2008 2009 2010 2011 2012 2013• Positive growth year on year; key driver of bottom-line going forward11

Competitive landscapeNBAD vs regional & global banksNBAD ranks well when rated on a combination of credit ratings, capital adequacy and profitabilityAa3 A1 A2 A3 Baa1 Aa3 A1 A2 A3 Baa1Aa3 A1 A2 A3 Baa1Aa3 A1 A2 A3 Baa1Source: Bloomberg; Ratings as of 13 Feb 2014, Ratios as of 31 Dec 2012; Composite ratings based on ratings from Moody’s, S&P & Fitch recalibrated to Moody’s scale13

Competitive landscapeNBAD vs regional & global banksCDS Spreads & Credit RatingsAa3 A1 A2 A3 Baa1Source: Bloomberg; X-axis represents the composite rating based on ratings assigned by Moody’s, S&P & Fitch; Ratings & CDS levels are as of 13 Feb 201414

Strategy & Recent Developments15

Strategic Update – Progress Report‣ Detailed 5-year Group Strategy developed and approved by Board in JulyGlobal Wholesale Banking, Global Wealth and Retail & Commercial 5-year‣Business Plans presented to the Board and approved in January 2014Quick wins around building strong flow business in progress. Strategic‣Initiatives build out plans completed. Implementation under progress.Operating model developed as part of business plans. Key strategic areas like‣client on-boarding and client servicing are under review and improvementBuilding the Spine to a World Class Level – IT plans developed to support‣business plans and Shared services project under progress16

Our mission to be core to our chosen customersVisionTo be recognised as theWorld’s Best Arab BankMissionBe core to our chosen customers, helping them grow by providingexceptional products and services across our West-East Corridor andprovide an environment to attract and develop exceptional and diversetalentOurValuesPut our customers atthe forefront and“do the right thingsthe right way”Value our peopleand foster great teamworkRespect our heritageand be loyal to ourstakeholdersCustomerValuePropositionConnectedRelationshipInsightSafetyService17

What we want to change –our mission to be core to our chosen customersOur strategy to deliver this will be built around 3 geographical pillars andwill be achieved primarily through organic growth1Home MarketBuild the largest,safest and bestperforming bank firstin UAE, and over timein GCC2 Wholesale Network 3MarketsDeepen our Wholesalenetwork across the newWest-East corridor &further integrate ourexisting European & NorthAmerican platforms intothis networkNew FranchiseMarketsBuild 5 international bankfranchises in the largest andfastest growing economiesin the West-East corridorTime to complete build - 5 years18

Banking the West-East corridorMoscowLos AngelesMexico cityLimaBogotáLondonParisNew YorkLagosKinshasaRio de JaneiroCairoIstanbulTehranLahoreKarachiAhmedabadMumbaiBangaloreXi’anChongqingChengduDelhi WukanKolkataDhakaHyderabadChennaiBeijing SeoulTokyoOsaka-kobeTianjinShanghaiHangzhouGuangzhouShenzhen/Hong KongManilaJakartaSao PauloBuenos Aires1 Cities with 10 million or more inhabitantsOur primary drivers are trade and investment flows across the West/East corridor:• We want to bank the customers from within the corridor• We want to bank customers located outside of the corridor who trade and invest inside the corridor• We want to support our chosen UAE customers in London, Paris, Switzerland and WashingtonSOURCE: United Nations, World Urbanization Prospects 2007; McKinsey Global Institute China All City Model; McKinsey Global Institute analysisWest-East corridorMegacities 1 2007Additional megacitiesby 202519

Trade and FDI flow across the West-East corridorTrade flows1.1 Intra Middle EastTrade20111122020270FDI flow 17 38CAGR11-2010%2.1 Asia and Africa2011 20203.1 Intra AsiaCAGRCAGR11-20 2011 2020 11-20Trade 334 888 11% Trade 3302 6607 8%9% FDI flow 35 69 8% FDI flow 213 614 12%1.2 Middle East and Asia2011 2020Trade 1008 2743FDI flow 26 82CAGR11-2012%14%3.2 Intra Africa2011 2020CAGR11-20Trade 50 103 8%FDI flow 2 15 25%1.3 Middle East and Africa2011 2020Trade 67 163FDI flow 6 29CAGR11-2010%19%Trade = Sum of imports and exports FDI = Sum of M&A and Greenfield investmentsSOURCE: EIU estimates20

Key industry sectors aligned to our networkmarkets strategyKey sectorsWhy is it an opportunity?IllustrationsFinancialInstitutionsEnergy andResourcesAviation, railand transportservicesReal Estateand familyconglomeratesTraders andretailers• Significant and fastest growing segment globally• 40% contributor to the global Wholesale bank and thebiggest volume segment in flow products• Controls 70% of the volumes in certain products• Strategic sector in the UAE & aligned with Abu Dhabi 2030• Attractive sector for corporate credit with low counterpartyrisk• Substantial growth & potential of supply chain business• Strategic sector the UAE & aligned with Abu Dhabi vision2030• National champions with significant growth aspirations• Big 6 airlines within the new West-East corridor• Strategic sector the UAE (20% of UAE GDP) & aligned withAbu Dhabi vision 2030• Highly attractive sector for Arab investors• Attractive for GCC/Asian and other investors• Strategic and high growth sectors in the region• UAE is the 18 th biggest trading country in world ahead ofcountries like India, Brazil and Australia• Retailing is USD ~$48Bn market in GCC expected togrow at ~8% annually from 2013/1721

FlowproductsWe will increasingly utilise an ‘originate todistribute’ modelOriginate from CustomersDistribute to CustomersGovernment of Abu DhabiFinancial institutionsFinancial institutionsEnergy and resourcesAviation, rail and transport servicesReal estate and family conglomeratesTraders and retailersOn and off balancesheet• Primarydistribution• Secondarydistribution• Reverse inquiriesHedge fundsPension funds and InsuranceSovereignsPrivate banksHNW and affluentCross-sellSingle distribution hubCross-sell• Cash and Trade• FX and derivatives• Bonds syndications• Commodities• Specialised lending• Corporate finance• Clearing/settlements• Cash and trade• FX and derivatives• Bonds• LoansFlowproducts22

Wholesale banking model aligning toWest-East corridorCustomer geographies Banking hubs 1 Centers of excellence Operating centersThe Gulf/Middle EastAbu DhabiKey industry sectors• Financial institutions (Singapore)• Energy and resources (Abu Dhabi)Indian sub-continentMumbai• Aviation, rail and transport(Abu Dhabi)South and West AfricaSouth-East Asia,Australia, Papua NewGuineaGreater China, Koreaand JapanLagosSingaporeHong Kong• Real estate and family conglomerates(Abu Dhabi)• Traders and retailers (Abu Dhabi)Global financial markets and booking centers• Abu Dhabi• Singapore or Hong Kong• LondonAbu Dhabi(BCM in Al Ain)Scandinavia,Switzerland, andEuropean UnionFrance and North AfricaNorth and SouthAmericaLondonParisWashingtonCash and trade• Abu DhabiDCM• Abu Dhabi• Hong KongAdvisory and specialized lending• Abu DhabiOne more location at afuture point (e.g., Indiaor Philippines)1 Relationship, sales and product service23

Wholesale Banking Addressable Market -$140 BillionWholesale 1 banking revenue pools2012, $ BN1000900Exclude revenuepools in EU, N&S.America, which areoutside the WEC800700600500400300928634Add back tradefinance, FX flowsand cross-borderlending into theWEC26SME/Mid-cap (

Performance ReviewQ4 / FY 201325

Continued strength in 4Q / FY 2013 resultsNet earnings of AED 4.73bn for FY 2013, up 9% y-o-y, primarily driven by higher net‣interest income and fee income; Sequential growth of 4% in 4Q13 vs 3Q13Strong underlying year-over-year top line results as net fee and commission grew 20%‣to AED 1.85bn in FY 2013; 14% sequential growth in 4Q13 vs 3Q13‣ Loan growth of 12% y-o-y and 0.7% sequentially 4Q13 vs 3Q13Deposits grew 11% in FY 2013 to AED 211bn despite being 8% down sequentially;‣Although CASA grew 30% in FY 2013 and 13% sequentially in the 4 th quarter‣ NPL ratio at 3.16% in 4Q 2013; appears to have peaked at 3.55% in 1Q 2013Robust capital & liquidity position maintained with the CAR at 18.2% and Tier-I ratio‣at 16.5%Overall, underlying revenues have grown QoQ at solid rates, costs have grown but‣have a component of one-offs26

4Q/FY 2013 – Balance sheet highlightsASSETSEQUITY *+8% AED Bn+11%-6%301 322 327 345+4%32531.1 31.2 32.2 33.3 34.7AED BnDec'12 Mar'13 Jun'13 Sep'13 Dec'13Down 6% sequentially due mostly to deposit outflows; up8% y-o-y as loans and deposits both grewUp 4% sequentially and 11% y-o-y, due mostly to growth inprofitsDec'12 Mar'13 Jun'13 Sep'13 Dec'13* Includes AED 4bn Government of Abu Dhabi (GoAD) Tier-I capital notesLOANS & ADVANCES, netCUSTOMER DEPOSITS+12% AED Bn+11%AED Bn+1%165 162 173 182 184190 206 219 229-8%211Dec'12 Mar'13 Jun'13 Sep'13 Dec'13Up 12% y-o-y and up only 1% sequentially as lendinggrowth slowed in 4Q 2013Dec'12 Mar'13 Jun'13 Sep'13 Dec'13Down 8% sequentially due to government deposit outflowsin 4Q; Healthy 11% growth y-o-y28

Revenues by SegmentREVENUESby SEGMENT(AED Mn)Q4 2013 Variance Q3 2013Actual Contr % AED Mn % Actual Contr %Global Wholesale 1,141 49% 1,123 51%182%Global Wealth 219 9% 3620%182 8%Global Retail &Commercial779 33% 456%735 33%Head Office 192 8% 3724%154 7%Total Revenues 2,331 100% 1376%2,194 100%Revenues grew by 6% quarter-on-quarter across the board29

Operating Profits by SegmentOPERATING PROFITSby SEGMENT(AED Mn)Q4 2013 Variance Q3 2013Actual Contr % AED Mn % Actual Contr %Global Wholesale 966 68% 964 69%20%Global Wealth 152 11% 2520% 127 9%Global Retail &Commercial429 30% 4111%387 28%Head Office (132) -9% (47)-55%(85) -6%Total OperatingProfits1,415 100% 222%1,393 100%All 3 major segments contributed to operating profits; Head Office was lower due to restructuring30

Key RatiosRatio FY 2013 FY 2012Diluted Earnings Per Share (EPS in AED) (restated for 2012) 1.04 0.95Return on Equity(annualised; including Govt of Abu Dhabi Tier-I capital notes)14.4% 15.1%EfficiencyLiquiditySolvencyNet Interest Margin (NIM)(Based on average total assets and annualised NII for the period)2.08% 2.19%Cost – Income ratio 34.5% 33.1%JAWS(Revenues growth less Expenses growth)Percentage lent(Loans/ Assets)-4.5% -1.9%57% 55%Loans to Customer Deposits ratio 87% 86%Capital adequacy 18.2% 21.0%Tier-I ratio 16.5% 17.2%Leverage ratio(Assets / Equity)9.4x 9.7xAsset QualityNon-performing loans ratio[NPLs / (Gross loans – Interest in Suspense)]Specific Provision coverage(Specific Provisions / NPLs)3.16% 3.40%55.7% 53.4%Collective Provision coverage(Collective Provisions / net Credit-risk weighted assets)1.66% 1.54%31

Summary of Expectations – FY2014Top line revenue growth 6% - 8% on reported 2013 results; Underlying growth rate‣higher excluding exceptional gains from 2013Expense growth 12% - 15%; Continue to eliminate unnecessary costs and replace‣with strategic investments‣ Net Income growth of 6% - 8%; Underlying growth rate higherProvisioning expected to continue to reduce gradually after NPL’s appear to havepeaked at 3.55% in 1Q 2013‣ Maintain a strong and liquid balance sheet with solid capital adequacy ratios‣ Continuing simplification/flattening of organisation32

Corporate access linksCorporate Headquarters:One NBAD Tower, Sheikh Khalifa StPO Box 4, Abu Dhabi, UAETel : +971-2-6111111Fax : +971-2-6273170Website : http://www.nbad.cominvestorrelations@nbad.comMichael MillerHead – Investor RelationsAbhishek KumatInvestor RelationsKhuloud Al MehairbiInvestor RelationsEhab KhairiCorporate Communications (Media & PR)33

Appendix34

Operating Income & ExpensesInterest vs Non-Interest Income (AED mn)Other Non-Int Inc Fee & Comm NII & Islamic Financing Inc2,3182,5102,3632,1942,33116% 22% 9% 5% 7%17% 16% 20% 21% 22%67%61%71%75% 71%4Q'12 1Q'13 2Q'13 3Q'13 4Q'13Composition of Non-Interest Income (AED mn)AED 669mn (Q4’13)Fee &Comm, net77%Investmentsincome9%Otheroperatingincome3%Forexincome11%Operating Expenses (AED mn)Staff costsDepreciation790512 505727Other general & admin expensesDonations and charity916795 801595543 545229257159 192 19347 48 52 52 54215 8 11 104Q'12 1Q'13 2Q'13 3Q'13 4Q'13Key points• Q4’13 Net Interest income of AED 1.7bn up q-o-q by 1.3% onslightly improved margins• Q4’13 Non-funded income of AED 669mn up 20.7% q-o-q onhigher fee and commission income and investment gains• Net fee and commission income grew 13.9% in Q4’13 vs Q3’13on higher fee income from investments & derivatives, assetmanagement and brokerage activities• Expenses of AED 916mn were higher by 14.3% q-o-q; theseincluded some 1-time expenses on organisational restructuring35

Net profitsNet profits (AED mn)CAGR 2009-2013: 12%+9%-4%+4%3,0203,683 3,7084,3324,7331,120 1,409 1,212 1,035 1,0772009 2010 2011 2012 2013 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13• 4Q’13 profits up 4% sequentially on higher operating income, but lower y-o-y by 4% due to non-recurrence of gains made from MoF relatedhedging strategies in 4Q’12; Overall, FY2013 net profits were up 9% on higher revenues and lower impairment chargesReturn on Average Equity * (%)Cost to Income ratio (%)20%15%17.4%16.5%16.3%15.1% 16.6%15.1%14.4%40%29.7%30%30.5% 32.5%33.1%32.9% 34.5%31.2%10%20%Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13* Annualised; Includes AED 4bn Tier-I capital and its annual dividend of AED 240mn• Cost-income ratio expected to be maintained under 40% goingforward, as we continue to invest in our businesses36

Assets & liquidityNet Interest Margin * (%)2.19%2.06%1.97%1.97%2.05%2.06%* NIM% (Qtr) - based on Net Interest & Islamic financing Income (annualised) & total average assets forthe quarter; NIM% (Ytd) – based on total average assets for the periodLoans & Customer Deposits (AED bn)2.00%1.95%2.08%1.98%4Q'12 1Q'13 2Q'13 3Q'13 4Q'13190NIM% (Qtr)NIM% (Ytd)Loans Deposits Deposits + Term Borrowings209225206165 162241 249219173229183 1844Q'12 1Q'13 2Q'13 3Q'13 4Q'13230211Composition of Assets – AED 325bnFixed assets& Otherassets4%• Continue to maintain a very solid & liquid balance sheet structureKey pointsLoans57%Investments16%Cash &balanceswith centralbanks11%Due frombanks &Reverserepos12%• Margins slightly improved during the quarter to 1.98% vsQ3; YTD margins are optically higher mainly due to thedenominator effect (lower average assets due to depositsoutflow in 4Q); Margins expected to remain under pressurewith abundant liquidity in the markets and increasedcompetition• Optical loans to deposits ratio at 87%; emphasis onincreasing stable/term borrowings• Regulatory loans to stable resources ratio well withinstipulated UAE Central Bank cap• Framework ready to be compliant with regulations on(Basel-III) liquidity37

Loans and advancesLoans (gross) by customer type37%12%16%35%25%12%2012(AED 170.8bn)• Stronghold in Corp & Private sector & Government related businesses• Lucrative opportunities for short-term lending – trade-finance relatedactivities, albeit at lower marginsLoans by geography+11.8%Banks, 15%Individuals,15%Corp/Pvt,34%PublicSector 24%Govt, 12%2013(AED 191.0bn)36%Loans (gross) by industryLoans toIndividualsfor Business6%Personalloans forconsumption,9%Banks & FI22%Energy12%Trading3%Construction,5%• Diversified portfolio across economic sectors• Retail loan growth to remain challengingLoans (net) - growth trend (AED bn)Transport5% Services3% Mfg6%Others (inclAgriculture)0.1%Real Estate17%Govt12%CAGR 2008-2013: 10.5%+11.7%UAE73%Europe18%USA1%Asia4%GCC2%MENA(ex-GCC)2%112132 137160 165 1842008 2009 2010 2011 2012 2013* Based on location of booking of the loan• Lending slowed in Q4 after growing strongly in the last 3 quarters; fullyear growth was strong at 11.7% after growing 3.2% in 201238

Provisions & NPLsProvisions* & NPLs* (AED mn)Total Provisions Collective Provisions NPLsKey points• Strong asset quality – one of the lowest NPL ratios amongstmajor UAE banks5,781 5,961 6,121 6,2646,1145,518 5,650 5,8222,428 2,428 2,557 2,7716,3272,9756,013• NPL ratio of 3.16% at end-FY’13 (3.3% Q3’13, 3.4% FY’12);NPLs declined in Q4 by AED 251mn; NPLs seem to havepeaked after reaching a high of 3.55% in 1Q’13• Specific provisions at 55.7% of NPLs at end-FY’13(end FY’12 – 53.4%), in addition to collaterals• Collective provisions at AED 2,975mn; continue to be fullycompliant with the Central Bank of UAE’s minimumrequirement of 1.5% for collective provisions, ahead of theeffective date (year end 2014)Dec-12 Mar-13 Jun-13 Sep-13 Dec-13• NPLs ratio at 3.16% at end-FY’13 (3.4% at end-2012)* Provisions on loans & advances - excludes all other provisions* NPLs stated net of suspended interest39

Provisions & NPLs (…cont’d)Impairment charges & Addition to NPLs (AED mn)NPLs (NBAD vs UAE Banks * )2.7%1.3%365NBAD7.4%2.3%Total Impairment charges, net*Collective prov chargesAddition to NPLs322 301 299 285203 180 160 143162214 204129-4Q'12 1Q'13 2Q'13 3Q'13 4Q'13• NPLs decreased by AED 251mn in 4Q’13 – first decline since 2008Average7.1% 6.7%2.9%3.4% 3.2%* Average NPL ratio of ENBD, NBAD, ADCB, FGB (Source: NBAD, Published financials)* NPLs above as stated by the banks as impaired loans and advances(251)7.3%Dec-09 Dec-10 Dec-11 Dec-12 Dec-13Impairment charges (AED mn)Q4 2013 Q3 2013Charge for the period:Specific provisions 265 217Collective provisions 204 214469 431Recoveries & write-backs (196) (140)Write-offs 12 7Provisions for other impaired assets 0 (0)Impairment charges, net* 285 299Provision coverage (NBAD vs UAE Banks * ) – FY’13NPLs Provisions Coverage (total) NPL ratio AED mn3.2% 13.9% 4.1% 3.3%6,013105%35,89858%5,722 4,287110% 91%NBAD ENBD ADCB FGB• High provision coverage (in addition to substantial collaterals)* NPLs and Coverage ratios above as disclosed by the banks40

InvestmentsInvestments – AED 53.5bnInvestments by issuerAFS - Debt89%HFT - Debt3% HFT -Equity &Funds2%AFS -Equity &Funds0.3%Held toMaturity(Debt)6%Supranatl,0.9%Corporate/Pvt Sector,0.9%Sovereign,32.6%GovtRelatedEntities,22.9%Banks & FI's,28.9%Banks & FI's- SovereignGuaranteed,3.5%Banks & FI's- CoveredBonds,10.3%• HFT – AED 2.7bn ; HTM – AED 3.3bn ; AFS – AED 47.5bnInvestments by regionInvestments by ratingsEurope,24.0%GCC, 22.4%A, 23.0%BBB, 3.9%BB & below,6.7%UAE, 38.3%MENA (ex-GCC&UAE),5.8%USA, 2.2%AA, 47.7%AAA, 10.0%Unrated -Debt, 6.7%Equity &Funds, 2.0%Australia &Others, 7.3%* Based on location of the issuer of the security or parent in case of SPV’s• 81% of Investment book is rated A & above41

Funding profileLiabilities - AED 290bnCustomerdeposits73%Termborrowings6% Subdebt0.5%Otherliabilities 8%Due tobanks &Repos 13%Term notes maturity profile (AED 17.6bn – FY’13)*3,428 3,3153,1582,821 2,906(AED mn)1,399560-2014 2015 2016 2017 2018 2019 2020 >2020• Liabilities consist primarily of customer deposits• Stable funding mix over the years; emphasis on increasing contributionof medium- and long-term funding• Opportunistic in tapping the capital markets given favourable pricingterms; no immediate requirements to raise debt* Represents the nominal AED equivalent amount outstandingKey points• Completed repayment of AED 5.6bn of MoF subordinated notes in 2Q’13• Continue to diversify the funding base and extend the liability profile42

Customer depositsDeposits by customer type+10.9%Individual,20%28%25%Corp/Pvt,55%19%31%Public36%Sector 19%Govt, 22%41%20122013(AED 190.3bn)(AED 211.1bn)• Substantial funding from government & public sector entities reflectingour long standing relationship with themDeposits by geographyUAE73%* Based on location of booking of depositUSA3%Asia3%MENA (ex-GCC)5%Europe14%GCC2%Deposits by type of accounts (AED bn)190 206 219 2297% 5% 5%7%23% 22%24%22%70% 72% 72% 71%• Steady and substantial growth in customer deposits; focus on growingCASA across the business segmentsKey pointsCDs & Margin A/c's CASA Notice & Time2119%28%63%Dec-12 Mar-13 Jun-13 Sep-13 Dec-13• Q4 impacted by outflow of government deposits of AED21bn reducing the YTD growth to 10.9%; strong growth indeposits gathered from corporate and retail sector• Strong and encouraging growth in CASA of 13% in Q4 andoverall growth of 30% in 2013; currently accounting for 28%of total customer deposits• Substantial funding from government & public sectorentities reflecting our long standing relationship with them43

Capital Resources (Basel-II * )Regulatory Capital resources (AED bn)Capital adequacy (%)Tier-I Capital Resources37.334.7 35.031.830.4 30.536.132.737.333.8Total CAR Tier I%21.0%19.7%18.5%17.2% 17.3% 16.8%12%17.8% 18.2%16.1% 16.5%UAE CB CAR requirement8%Minimum Tier-I requirementDec-12 Mar-13 Jun-13 Sep-13 Dec-13Dec-12 Mar-13 Jun-13 Sep-13 Dec-13Key points• Capital Resources (Basel-II) of AED 37.3bn up 3.3% q-o-q and0.1% y-o-y; repaid MoF tier-2 capital AED 5.6bn in 1 st half of2013• Tier-I capital of AED 33.8bn, up 11.2% y-o-y on higherearnings• Capital Adequacy ratio (Basel-II) at 31 Dec 2013 at 18.2% and16.5% on Tier-I well above the UAE Central Bank’s minimumrequirements of 12% and 8%, respectively* Basel-II framework as adopted by UAE Central BankFY 2013 Tier-I Tier-II Totalas at Dec 2012 30,411 6,855 37,266Net profits (year-to-date) 4,733 - 4,733Dividends paid (Equity + Tier-I notes) (1,600) - (1,600)Change in eligible Collective Prov 268 268Change in eligible AFS reserve - 56 56Change in Subdebt (incl MoFRepayment & Buyback of subdebt)- (3,703) (3,703)Others (incl shares under ESOP) 289 - 289as at Dec 2013 33,833 3,476 37,30944

Results at a Glance4Q'133Q'13%growth4Q'12%growthFY'13%growthIncome statement (AED mn)Net Interest Income(incl income from Islamic financing)1,662 1,640 1.3% 1,557 6.7% 6,510 6.8%Other Income 669 555 20.7% 761 -12.0% 2,888 12.3%Revenue 2,331 2,194 6.2% 2,318 0.5% 9,398 8.4%Expenses (916) (801) 14.3% (790) 15.9% (3,239) 12.9%Operating Profits 1,415 1,393 1.6% 1,528 -7.4% 6,159 6.2%Impairment Charges, net (285) (299) -4.7% (365) -22.1% (1,206) -9.8%Prov for Taxes (54) (59) -9.3% (43) 26.0% (220) 67.0%NET PROFIT 1,077 1,035 4.0% 1,120 -3.9% 4,733 9.3%Balance Sheet (AED bn)Assets 325 345 -5.8% 301 8.1% 325 8.1%Loans & Advances 184 182 0.7% 165 11.7% 184 11.7%Deposits & Others 211 229 -8.0% 190 10.9% 211 10.9%Ratios %RoE % 12.7% 12.6% 0.0% 14.7% -2.1% 14.4% -0.7%NIM % 1.98% 1.95% 3bps 2.06% -8bps 2.08% -11bpsCost / Income % 39.3% 36.5% 2.8% 34.1% 5.2% 34.5% 1.4%JAWS % -8.1% -5.5% -15.4% -4.5% -4.5%45

Balance sheetBalance Sheet (AED Bn) Dec'13 Sep'13Assets%growthDec'12%growthCash & Balances withCentral Banks35.1 51.9 -32.4% 54.9 -36.2%DFB & Reverse Repos 39.0 50.8 -23.2% 33.1 17.8%Investments 53.5 45.7 17.1% 35.6 50.4%Loans & Advances 183.8 182.5 0.7% 164.6 11.7%Short term (

Credit ratings profileMoody’sAa3/Stable/P-1Upgraded from A1 inAug 2006S&PAA-/Stable/A-1+Upgraded from A+ inOctober 2013‣ Franchise value – Well established and dominant Abu Dhabi franchise‣ Asset quality and risk positioning – High quality loan book but exposed to concentration risks(common to majority government-owned banks in UAE); NBAD has relatively strong asset qualitymetrics‣ Capital adequacy – Strong and supported by stable profitability‣ Funding and liquidity – Stable deposits supplemented by diversified capital markets investor base;NBADs liquidity management function and contingent funding plans are robust‣ Strengths: Majority ownership by the Abu Dhabi Govt Strong domestic commercial position translating into above-average operational efficiency Very strong capital level and high quality of capital Resilient asset quality and prudent risk management‣ Weaknesses: Large concentration risks on both sides of the balance sheet, like other GCC banks Challenging, though improving, operating conditions in the UAEFitchAA-/Stable/F1+Upgraded from A+ inNov 2007‣ Strong franchise in Abu Dhabi with operations throughout the UAE‣ From a corporate governance perspective the bank is run fairly independently and risk is a keyconsideration in all decisions, with funding of government-related projects undertaken only if the bankconsiders them viable. NBAD is one of only a very few UAE banks whose impaired loans are fullycovered by reserves‣ NBAD’s funding base is relatively diversified and the bank is one of the most active regional debtissuers in the international capital market. Liquidity is sound, and is a key focus for NBAD; the bank’sliquidity management is more advanced than that of many of its peers.Other ratings: RAM (Malaysia) – AAA, R&I (Japan) – A+47

DisclaimerThe information contained herein has been prepared by National Bank of Abu Dhabi P.J.S.C (“NBAD”). NBAD relies oninformation 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 saleor solicitation of any offer to subscribe for or purchase or sell any securities nor shall it or any part of it form the basis of orbe relied on in connection with any contract or commitment whatsoever.Some of the information in this presentation may contain projections or other forward-looking statements regarding futureevents or the future financial performance of NBAD. These forward-looking statements include all matters that are nothistorical facts. The inclusion of such forward-looking information shall not be regarded as a representation by NBAD orany other person that the objectives or plans of NBAD will be achieved. NBAD undertakes no obligation to publiclyupdate or publicly revise any forward-looking statement, whether as a result of new information, future events orotherwise.48