Mediobanca - Banca Di Credito Finanziario S.p.a. · MIL:MB
Mediobanca - Banca Di Credito Finanziario — Mediobanca — 9M FY25 Earnings Presentation
8 slides from Mediobanca - Banca Di Credito Finanziario's earnings presentation, May 9, 2025
Slide 1: Mediobanca 9M/3Q Results as at 31 March 2025
MEDIOBANCA Taken from 9M/3Q RESULTS AS AT 31 MARCH 2025 Milan, 9 May 2025 Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of America, Australia, Canada, Japan, or any other jurisdiction where to do so constitute a violat
Slide 2: Agenda
Agenda Section 1. Executive summary Section 2. 3M/9M25 Group results Section 3. 3M/9M25 Divisional results Section 4. OPS for Banca Generali Annexes 1. Divisional tables Not for release, publication or distribution, directly on indirectly, in whole or in part, in or into or from the United States of
Slide 3: MB / BG combination represents a strong acceleration of the One Brand – One Culture strategic road map
MB / BG COMBINATION REPRESENTS A STRONG ACCELERATION OF THE “ONE BRAND – ONE CULTURE” STRATEGIC ROAD MAP OPS for Banca Generali Section 4 Growth in Wealth Management as a priority MB+BG will be the 2nd largest Italian WM player, with unique focus on high-end clients/entrepreneurs Above-market averag
Slide 4: MB to create a leading Italian WM player focused on high-end customers
MB TO CREATE A LEADING ITALIAN WM PLAYER FOCUSED ON HIGH-END CUSTOMERS, WITH >€15BN NNM CAPABILITY OPS for Banca Generali Section 4 MB + BG = TOP 3 BY TFA (€bn) MB + BG = FIRST BY NNM² (€bn) Fid-ISP PB + >15 MB + BG >€210bn 13 FBK 10 BMED 9/10 >9 AZM ~9 MB 107 6/7 BG 104 Allianz 4 ABFA BNP Scale: 2x
Slide 5: ...and accelerate a 10Y shift towards high value businesses
…AND ACCELERATE A 10Y SHIFT TOWARDS HIGH VALUE BUSINESSES OPS for Banca Generali Section 4 MEDIOBANCA GROWTH PATH Revenues1 (€bn,%), ROTE (%) ROTE 20% REVENUES MORE THAN DOUBLED Group revenues up to €4.4bn WM up from 16% to 45% of total 14% WM revenues ~€2.0bn 4.4 3.7 PROFITABILITY TRIPLING 7% ROTE
Slide 6: Mediobanca: a WM champion in the European landscape
MEDIOBANCA: A WM CHAMPION IN THE EUROPEAN LANDSCAPE A UNIQUE STORY FOR GROWTH, BUSINESS MIX, YIELD OPS for Banca Generali Section 4 MB: the only EU player with >€170bn AUM/AUC, >50% revenues from WM, >7% dividend yield (FY25) 96 91 87 85 81 71 57 50 49 46 43 37 35 33 31 30 28 27 26 25 23 22 19 16 15
Slide 7: BG can deliver greater value vs MPS (1/2)
BG CAN DELIVER GREATER VALUE VS MPS (1/2) OPS on Banca Generali Section 4 MB+BG MPS+MB 1 ➢ Leading WM player in EU: €210bn TFA), ➢ Undifferentiated mid size commercial bank €2bn revenues and 50% net profit from WM ➢ No significant positioning improvement in any POSITIONING ➢ Unique growth potential
Slide 8: BG can deliver greater value vs MPS (2/2)
BG CAN DELIVER GREATER VALUE VS MPS (2/2) OPS on Banca Generali Section 4 MB+BG MPS+MB 3 ➢ Strong cultural and managerial fit: sharing ➢ High execution risk given lack of cultural, of best practices, cross-selling opportunities managerial, industrial fit in the both franchises ➢ High client-revenues