Arbuthnot Banking Group Plc · LSE:ARBB
Arbuthnot Banking — H1 2015 Earnings Presentation
14 slides from Arbuthnot Banking's earnings presentation, Jul 21, 2015
Slide 1: Arbuthnot Banking Group PLC 2015 Interim Results
Arbuthnot Banking Group PLC 2015 INTERIM RESULTS 21 July 2015
Slide 2: 2015 Interim Review
2015 Interim Review ANDREW SALMON – Chief Operating Officer JAMES COBB – Group Finance Director
Slide 3: Key Messages
PAGE 3 Key Messages Profitable growth Group now focusing investment towards Arbuthnot Latham Hiring for Commercial Banking division underway New office space agreed Transformational project commenced Secure Trust Bank SME lending division making good progress Record half year earnings
Slide 4: Headline Results
PAGE 4 Headline Results Six Months Ending 30 June 2015 2014 Operating Income increased 38% Operating Income £79.0m £57.2m 9% positive operating leverage Operating Expenses £51.3m £40.2m PBT increased by 65% to record levels Underlying PBT increased by 30% Profit Before Tax £15.7m £9.5m Int
Slide 5: Divisional Performance
PAGE 5 Divisional Performance Six Months Ending 30 June -- £(000’s) 2015 2014 Change Private Banking (Arbuthnot Latham) 3,661 1,737 111% Retail Banking (Secure Trust Bank) 16,149 11,514 40% Group Centre (4,074) (3,726) (9%) Profit Before Tax 15,736 9,525 Tax (3,038) (2,862) Profit After Tax 12,698 6
Slide 6: Private Banking
PAGE 6 Private Banking Profit before tax of £3.7m Customer assets increased by 48% to £584m Customer deposits increased by 31% to £770m Assets under management increased by 24% to £701m Highlights : Successful transfer of servicing of the acquired residential mortgage portfolio Dubai o
Slide 7: Private Banking – Business Momentum
PAGE 7 Private Banking – Business Momentum Customer Loans (£000’s) Customer Deposits (£000’s) Assets Under Management (£000’s) Loan growth CAGR 24% Deposit growth CAGR 19% AUM growth CAGR 28%
Slide 8: Retail Banking
PAGE 8 Retail Banking Profit before tax of £16.1m Underlying profit increased to £17.4m (2014:£15.2m) Customer assets increased by 90% to £852m Customer deposits increased by 75% to £835m Lending volumes increased by 117% to £771m Customer numbers increased 24% to 486,805 Highlights :
Slide 9: Retail Banking – Business Momentum
PAGE 9 Retail Banking – Business Momentum Customer Loans (£000’s) Customer Deposits (£000’s) Lending Volumes (£000’s) Loan growth CAGR 67% Deposit growth CAGR 49% Lending Volume growth CAGR 85%
Slide 10: Appendix
Appendix
Slide 11: Underlying profit (1/2)
PAGE 11 Underlying profit (1/2) Underlying Profit Bridge (£m) 30% Growth
Slide 12: Underlying profit (2/2)
PAGE 12 Underlying profit (2/2) Six Months Ending 30 June £(000’s) 2015 2014 Profit after tax 15,736 9,525 ELL and V12 fair value amortisation 950 2,767 STB option scheme 271 754 Cost of acquisitions 4 183 AL transformation project 170 - Underlying Profit 17,131 13,229
Slide 13: Lending Balances
PAGE 13 Lending Balances £(m’s) June 2009 2010 2011 2012 2013 2014 2015 Good growth in all portfolios Arbuthnot Latham 178 211 238 289 341 536 584 Personal Lending 15 22 44 142 159 182 189 Continued diversification in lending businesses Motor Finance 5 31 63 90 115 138 152 SME lending Retail F
Slide 14: Forward Looking Statements
PAGE 14 Forward Looking Statements This document is a summary only of certain information contained in the announcement dated 21 July 2015 and should be read in conjunction with the full text of the announcement. This document contains forward looking statements with respect to the business, strateg
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