Banco de Credito e Inversiones · BCS:BCI
Banco de Credito e Inversiones — Q3 2014 Earnings Presentation
28 slides from Banco de Credito e Inversiones's earnings presentation, Nov 26, 2014
Slide 1: Annual Conference Call 2014
Clic para editar título Annual Conference Call 2014 Banco Crédito e Inversiones November 26th. 2014 Corporate Corporate Presentation Presentation 2014 2013
Slide 2: Content
Content: 1. Main macroeconomic indicators 2. Chilean Financial System 3. Bci Financial Results Corporate Presentation 2014 2 Corporate Presentation 2013
Slide 3: Chilean main macroeconomic indicators
Chilean main macroeconomic indicators Corporate Corporate Presentation Presentation 2014 2013
Slide 4: Main macroeconomic indicators
Main macroeconomic indicators GDP (% YoY growth) Investment (% YoY growth) 5.8 5.8 5.4 14.4 4.1 12.2 12.2 3.2% 3,0 2.8% 1.9 0.4 1.0 2010 2011 2012 2013 (e) 2014 (e) 2015 2010 2011 2012 2013 (e) 2014 (e) 2015 -7.7 Private consumption (% YoY growth) Inflation and Central Bank monetary policy rate (TPM
Slide 5: Chilean Financial System
» oBci z somosdiferentes Chilean Financial System Pe 7 es f
Slide 6: Financial System: strong growth over the years
Financial System: strong growth over the years Total Loans Financial System* Corporate & Interbank lending Financial System* (US$ million) 10.0% (US$ million) 7.8% 11.2% 11.1% 196.792 118.453 183.990 112.169 109.921 178.853 166.903 102.887 148.791 90.894 2011 2012 2013 3Q 2013 3Q 2014 2011 2012 2013
Slide 7: Healthy and well capitalized Financial System
Healthy and well capitalized Financial System Regulatory capital/Risk weighted assets 13.9% 13.3% 13.3% 12.9% 13.3% Tier I 10.1% 9.9% 9.6% 9.4% 9.6% 2011 2012 2013 Aug 2013 Aug 2014 NPL Ratio Financial System 2.37% 2.20% 2.17% 2.12% 2.13% 2011 2012 2013 3Q13 3Q14 Source: Superintendencia de Bancos e
Slide 8: Bci Financial Results
Bci Financial Results
Slide 9: September 2014 - Highlights
September 2014- Highlights Profitable and financially sound US$ * Market Share** Total Assets $37.865 M Client Loans $25.580 M 13.14% Net Income (LTM) $586 M 14.25% Market Capitalization $6.124 M Tier I BIS ratio Capital ratios 9.51% 13.39% Moody’s S&P Fitch International Credit Rating A1 A A- ROAE*
Slide 10: Selected awards and accolades
Selected awards and accolades Local dynamos 2014 1st place 2014- Financial System Among the 50 most successful local companies Customer loyalty index (NPS) in Emerging Markets Alco – Diario Estrategia The Boston Consulting Group (BCG) 1st place in Chile 2014 1st place 2014 • Banking group (Third yea
Slide 11: 3rd largest privately owned bank in Chile
3rd largest privately owned bank in Chile Total Assets Market Share Total Loans Market Share* 12.91% 13.14% Bci Bci 15.14% Bank 1 18.32% Bank 1 Others; Others; 60.3% 64.1% 39.7% 16.92% Bank 2 35.9% Bank 2 19.08% Bank 3 Bank 3 15.35% 13.60% NIBD Market share* Net Income Market Share (LTM)* 12.74% 14.
Slide 12: Performance - Main indicators
Performance- Main indicators Growth History Total Loans Total Deposits (US$ Billion) (US$ Billion) 50,0 40,0 80,0% 80,0% Loans US$ Billion Loans Market share Deposits US$ Billion Deposits Market share 45,0 35,0 70,0% 70,0% 40,0 30,0 60,0% 60,0% 35,0 11.7% 25,0 50,0% 9.1% 50,0% 30,0 25.6 19.4 20.4 24
Slide 13: Financial results
Financial results Dollar US$ US$ Million %∆ 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 (LTM) Operating Revenues 448 461 465 458 461 12.5% Provision Expenses 96 60 113 97 92 12.0% Operating Expenses 186 201 185 201 200 5.6% Net Income 139 169 143 137 138 20.3% Total Loans 23,000 24,070 24,405 24,468 25,580 11.2%
Slide 14: Financial results
Financial results Dollar US$ US$ Million %∆ 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 (LTM) Operating Revenues 448 461 465 458 461 12.5% Provision Expenses 96 60 113 97 92 12.0% Operating Expenses 186 201 185 201 200 5.6% Net Income 139 169 143 137 138 20.3% Total Loans 23,000 24,070 24,405 24,468 25,580 11.2%
Slide 15: Operating Revenues
Operating Revenues Sustained and profitable growth Loan Portfolio growth 12.6% 11.2% (US$ Million) 24.070 25.580 23.000 15.8% 21.744 18.988 14.0% 9.3% 12.2% Mortgage 10.2% Consumer 12.3% Commercial 2011 2012 2013 3Q13 3Q14 Total Loans by segment Diversification 32.7% 28.9% 28.7% 20,6% 18,2% 12,3% 10
Slide 16: Operating Revenues
Operating Revenues Sustained and profitable growth NIM (LTM) (%) (Net interest margin/ average interest earning assets) 4.52% 4.21% 4.14% 4.10% 4.45% 4.02% 3.78% 3.85% 3.83% 4.23% 2011 2012 2013 3Q13 3Q14 Bci Banking Sector Fee income ratio (LTM) (%) (Net fees/ net fees + net interest margin) 24.17%
Slide 17: Funding sources
Funding sources Non interest bearing deposits & Time deposits (US$ Million) 10.8% 11.2% 5.7% 6.9% 6.805 6.543 6.141 6.038 5.294 Non interest bearing deposits 12.053 12.863 12.851 13.588 Time Deposits 11.263 2011 2012 2013 3Q13 3Q14 Local funding International funding Amount placed Type of Currency A
Slide 18: Financial results
Financial results Dollar US$ US$ Million %∆ 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 (LTM) Operating Revenues 448 461 465 458 461 12.5% Provision Expenses 96 60 113 97 92 12.0% Operating Expenses 186 201 185 201 200 5.6% Net Income 139 169 143 137 138 20.3% Total Loans 23,000 24,070 24,405 24,468 25,580 11.2%
Slide 19: Risk Indicators
Risk Indicators Conservative risk management policies Risk Index Total Loans* (%) Risk Index Commercial Loans* (%) Allowances / Total Loans (Bci) Commercial Allowances / Commercial Loans (Bci) Allowances / Total Loans (Financial system) Commercial Allowances / Commercial Loans (Financial system) 2.9
Slide 20: Risk Indicators
Risk Indicators Conservative risk management policies NPL Ratio (NPLs/Total Loans) % NPL Ratio (Commercial Loans) % NPLs / Total Loans (Bci) NPLs / Commercial Loans (Bci) NPLs / Total Loans (Financial System) NPLs / Commercial Loans (Financial System) 2.37% 2.77% 2.20% 2.51% 2.72% 2.33% 2.38% 2.41%
Slide 21: Financial results
Financial results Dollar US$ US$ Million %∆ 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 (LTM) Operating Revenues 448 461 465 458 461 12.5% Provision Expenses 96 60 113 97 92 12.0% Operating Expenses 186 201 185 201 200 5.6% Net Income 139 169 143 137 138 20.3% Total Loans 23,000 24,070 24,405 24,468 25,580 11.2%
Slide 22: Operating expenses
Operating expenses Efficiency ratio (LTM)*(%) 48.1% 47.6% 46.2% 46.8% 46.1% 46.6% 44.9% 44.9% 43.9% 43.9% 2011 2012 2013 3Q 13 3Q 14 Bci Banking Sector *Efficiency ratio (as calculated by SBIF (operating expenses/pre-tax income including additional allowances) 3Q13 3Q14 Employees 10.619 10.525 Conta
Slide 23: Financial results
Financial results Dollar US$ US$ Million %∆ 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 (LTM) Operating Revenues 448 461 465 458 461 12.5% Provision Expenses 96 60 113 97 92 12.0% Operating Expenses 186 201 185 201 200 5.6% Net Income 139 169 143 137 138 20.3% Total Loans 23,000 24,070 24,405 24,468 25,580 11.2%
Slide 24: Net income
Net income Sustained and profitable growth LTM Net Income and Market Share* (US$ Million) 10.6% 20.3% 700 586 20,0% 600 501 487 18,0% 500 436 453 371 16,0% 16.98% 400 16.95% 300 16.15% 14,0% 200 15.21% 14.25% 100 14.02% 12,0% 0 10,0% 2010 2011 2012 2013 3Q13 3Q14 Net Income Market Share ROAA (%) ROA
Slide 25: Sound capital levels
Sound capital levels Capital Base 13.92% 13.60% 13.44% 13.34% 13.39% Regulatory Capital / Consolidated Risk weighted assets Basic Capital / Total Assets 6.84% 7.04% 7.14% 7.09% 7.08% Required by Sbif (8%) Required by Sbif (3%) 2011 2012 2013 3Q 13 3Q 14 Capital Base 13.92% 13.60% 13.44% 13.34% 13.39
Slide 26: Summary
Summary Strong loan growth: As of September 2014 it reaches 11.2%. higher than the financial industry’s 10% growth. High levels of NIM: Reaching a level of 4.45% as of September. Better efficiency levels than the financial system:43.9% compared to 46.6% for the industry. Attractive Net Income growth
Slide 27: Q&A Annual Conference Call
Q&A Annual Conference Call. December 2013 Corporate Corporate Presentation Presentation 2014 2013
Slide 28: Thank you
“ Clic para editar título Thank you “This presentation contains forward-looking statements in various places throughout therein. related to. without limitation. our future business development. Forward-looking information is often. but not always. identified by the use of words such as “anticipate”.
Banco de Crédito e Inversiones (Bci) — Q3 2014 Earnings Presentation on 6ix