Issuer Lead Manager

Booklet for
Public
Contact Us
Investors
012 840 125 / 015 723 388
023 723 388
023 999 966 / 023 999 977
www.acledasecurities.com.kh 2019 Lead Manager
 Rare investment opportunity for investors
in Cambodia

 
 
healthiest companies in the country
ACLEDA Bank Plc. is going IPO
“Become a shareholder of Cambodia’s #1 Bank,
Let the #1 Bank Grow Your Wealth for You.”
#1 Undisputed leader for over a decade in a
healthily regulated industry with strong
growth potential

1st The 1st bank to be listed as well as the 1st

company on the Cambodia Securities
Exchange (CSX) that is truly representative of
Cambodian economy and people

7
History of ACLEDA Bank Plc.
Since its beginning in 1992 as a project of the ILO and UNDP, ACLEDA Bank Plc. has contributed immensely to the development of Cambodian economy as the leading bank:
The provider of credit, liquidity, payment, services, and employment opportunities.


  . 
   
  
ILO’s Project NGO  
  
 
  ! !% %
/: 
:
!' !"#$%
 &' ()*+-!%
 '
6,000 2,200
;-<; ! 2,000
5,000 Orix and SMBC increased //(
stake to 12.25% & 18.25% 1,800
SMBC acquired 6% 1,600
4,000
Decision to become Orix acquired 6% 1,400

3,000 Transformed into a 1,200
commercial bank
 1,000
national NGO by SNC
2,000 Transformed into a
specialized bank 800
Founded in February 1992
as a project of ILO 600
1,000
400
0 200
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

SNC : Supreme National Council

ILO : International Labour Organization ACLEDA's Gross loans (USD'm) Cambodia's GDP per capita (USD, right axis)
History of ACLEDA Bank Plc.
Milestones of ACLEDA Bank Plc.

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ILO PROJECT LAOS PDR MYANMAR IPO
Received
International ACLEDA Bank Plc.
Initiated Commercial Expanded to
expansion to is going
as ILO Project Bank License Myanmar
Laos PDR IPO

1992 2000 2003 2006 2008 2011 2013 2019 2020

(<;-=<;>

( ;> BF
B
B 1MN+
1
1MM USERS

Received Loan and ACLEDA ToanChet

100% COVERAGE
Specialized Bank License Deposit reached 1mn users
Branches in all Reached
Provinces of US$ 1 Billion
Cambodia
 Opportunity to become a The Largest Bank in Cambodia

shareholder of the largest ACLEDA Bank Plc. is the largest bank in terms of loan portfolio, distribution network, and
customer base.

bank in Cambodia ACLEDA Bank Plc. has over two million deposit accounts and about 400K active borrowing
ACLE
accounts.
acco

1.4
Undisputed
d Market
Mark
ket Leader
Lead
der

1
2,3
.4
17
440.12

.0
.2

2,1
48
65
.6
440.12
415.22

1,8
1,6
38
415.22

1,6
.5
408.34 398.23
401.79

24
408.34

1,4
BQ
398.23
.]^_ `a_ `^d_ .d^_ .]_ 4000 366.56
3500 3,488
3,48
3
3,,48
488
88
3000 3,371
3,37
3
3,,37
371
71 335.62
366.56
2500 315.06
335.62
2000
1,831
1,83
1
1,
,83
831
1
1500
1000 1,055
1,,05
055
05
55 1
1,016
,,01
016
01 6
500
0
2014 2015
2 2016 2017 2018 Nov-
)K % \ Debit POS ATM
2019 Nov-
[
 ! #
 ! ;-<;;>
;-<;
;> CANADIA
CANAD
DIA ;;  )
 )  %
 %:  
%:   2013 2014 2015 2016 2017 2018 2019

Market Share Loan Portfolio )*

K
!%;)%!Q' )*
K;%W
X
!Q'

Source: NBC Annual Supervision

upervision Repor
Report
rt 2018, ACLEDA Bank Plc. data, YSC
Y Research. Ex Exchange
xchange Rate: 1USD = 4,018
8 KHR
 
    !  
 
 
  
 !
  
 NPL Ratio ACLEDA )!%+

Opportunity to become a g_

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shareholder of the largest _

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bank in Cambodia ._

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ACLEDA Bank Plc. has the highest credit rating

g in a_
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_
the country. 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

 
  !"# !"
Ratings as of Dec 13, 2019 liquidity ratios beyond the level set by the NBC.

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80%
70%
60%
50%

50%
2014
2 014 2015
2015 2016 2017 2018 2014 2015 2016 2017 2018
W
+? % ?
f)

% -f)%+W
 /
? % ?
f)

%
Opportunity to become a
Largest Earner of Revenue
shareholder of the largest
bank in Cambodia
ACLEDA Bank Plc. is the largest earner of interest .]d_ .a_ ^a_ `^_
income and non-interest income.

ACLEDA has been consistently achieving ROE and ROA above the industry average Interest Income Non-interest Income Other Income Net Income

 "'

% industry in 2018
Future of ACLEDA 

Bank Plc. +  
+  
- !
- !
k
% 

Leading Regional, Digital Bank  / 

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Strengthened capacity and performance of subsidiaries including
ACLEDA Bank Lao Ltd., ACLEDA MFI Myanmar Co., Ltd.,
##!+!%
! !
)%+
ACLEDA Securities Plc. and ACLEDA Institute of Business.
Future of ACLEDA Government
Custodian of National Social Security Fund
The National Treasury’s receipt and payments facility
Vehicle stamp tax collection

Bank Bill Payments for public utilities

*"+


Trusted partner of reputable institutions and Long-Term Lender

Asian Development Bank
the government International Finance Corporation
China Development Bank Corporation
ICBC, CIMB, Maybank, Shinhan Bank, Taiwan Shin,
Kong Commercial Bank, TMB Bank,
T
EN

OPIC, FMO, NORFUND, KfW, BlueOrchard, MicroVest,

B
GOVERNM



G 
NESS

ResponsAbility

Business
L

Foreign exchange services

LE
N DER Overseas money transfer services
(315 correspondents covering 51 countries)
Bancassurance
 ; < 
securities that allows you to save your money at a higher return.

Why invest in Stock? Holding a company’s shares allow you to become an owner of the company,
#  +" 
 " 
"'

NET PROFIT
Stocks are equity investments that Historically, investing in stocks has
represent ownership in a company been one of the easiest and most DIVIDEND RETAINED FOR
1 INVESTMENT
and entitle you to part of that compa-  #"   #  + DIVIDEND is similar to interest

 =  
" 
ny's earnings and assets.
long-term. paid annually or semi-annually;
However, the amount will NET PROFIT / DIVIDEND
2 GROWTH
depend on the company’s net
Shareholders’ return will be the sum Tax incentives for investors on the CSX:    + " ? #
of dividend yield and capital gain. much to keep for reinvestment).
No withholding tax on dividends
for Cambodian residents and 50%
Investment return from stocks
reduction for non-residents
#>(?<?<;<&
3 CAPITAL GAIN
CSX index show averages stock price listed on the Cambodia Securities Exchange (CSX).
    "  
No tax on capital gains Price of some stocks did increase in recent years.
company. Investors bear the risk of
No stamp duty tax on trading
losing money if the company makes 800

CSX INDEX
750
loss, which could result in zero 700
650
600
dividend or and decline in stock price. 550
500
450
350
300

u)$a Sep-17 u $]  $] u)$] Sep-18 u $^  $^ u)$^

 How to Invest in Stock
NEWS ON IPO CONTACT ACLEDA CONTACT ACLEDA PREPARE
SECURITIES SECURITIES ;+KW
!% 
# /
)*
 ;)%
Mr. Sophy works for a Q# < One week later...
construction company. He’s Hello! I’d like to get advice, Mr. Sophy ACLEDA Securities
What should I do
also ACLEDA Bank’s information about
to invest in the brings the documents informs him about his
Customer. the Bank’s IPO
please! What is it?
Bank’s shares to ACLEDA Securities investor ID number

?
then?  
 and that his trading
to get his investor ID account has been
Good Morning Sir, number and trading opened.
IPO IPO is an investment opportunity in account.
ACLEDA Bank’s shares and to become a
shareholder. So, instead of earning a
=
" You must have an
6
1(: "# 
investor ID number and
of the Bank. ACLEDA will share its
a Trading Account.
#   '
Please bring your ID card
and photo to ACLEDA
One Morning , He read Securities for assistance.
a news on ACLEDA
Bank’s IPO.
 How to Invest in Stock
>B- >B- INVEST INVEST ;B<<#B?(#
)*!% )*!% RESULT

Mr. Sophy heard about Several weeks later...

There are many people
participating in book building
by submitting their bids
within the given price range.
the announcement on
subscription and is aware that
he needs to go to ACLEDA Bank’s
branches to buy the shares.
He decided to invest
\'] 
form.
2. He transfers 4,000,000 riels
to the Issuer’s account.
]<  
the Bank’s website and Facebook.
Now, he is a shareholder of
ACLEDA Bank, one of the best and
ACLE d most
trusted banks in Cambodia.
4,000,000 riels.  # #  
'
   

Mr. Sophy was also told that

in order to buy ACLEDA Bank’s
orm
IOFN
criptiAoTn
shares, he can either: RuEbGsISTR
S
PE RS ON
AL INF
AL INF
OR MA
OR MA
TIO N
TIO N

(1) bid a price during book PE RS ON

building or
?Z[  TIO N
OR MA
MA TIO
N
AC T INF
CO NT T INF OR
during the subscription stage. CO NT AC

He decides to skip book building

and wait for the subscription Get your investment
 =' ID from ACLEDA Bank