Arbuthnot Banking Group Plc · LSE:ARBB
Arbuthnot Banking — H1 2010 Earnings Presentation
9 slides from Arbuthnot Banking's earnings presentation, Aug 4, 2010
Slide 1: Arbuthnot Banking Group PLC 2010 Interim Results
Arbuthnot Banking Group PLC 2010 INTERIM RESULTS 4 August 2010
Slide 2: Interim Results Review
Interim Results Review ANDREW SALMON – Chief Operating Officer JAMES COBB – Group Finance Director
Slide 3: Key Messages
Key Messages PAGE 3 • Continuing progress in 2010 for the Group – Profit Before Tax at £2.3m - a £1.6m improvement on previous year – Interim dividend increased by 0.5p 0 5p – Underlying performance of all three divisions improved – Retail Banking seeing lending growth accelerating – Private Banking
Slide 4: Private Banking
Private Banking PAGE 4 • Profit Before Tax of £0.1m (2009: £0.7m) • Underlying core business grew strongly • Investment in Gilliat was £0.4m (Group Total £0.7m). Business achieved breakeven in July • Balance sheet remains strong despite £0.2m impairment of equity investment • Investment in upgrade o
Slide 5: Retail Banking
Retail Banking PAGE 5 • Profit Before Tax increased 13% to £4.6m (2009: £4.1m) • Loan purchases have fuelled organic portfolio growth and continue to perform according to expectations • Asset Finance portfolio growth offsetting the run off of purchased portfolios • Deposit gathering significantly ah
Slide 6: Investment Banking
Investment Banking PAGE 6 • Arbuthnot Securities returned a profit before tax of £0.5m (2009: Loss £1.3m) • Corporate Finance fees increased 63% to £4.4m, pipeline interesting but market appetite uncertain • Secondary business showing progress despite market conditions • Number of retained corporate
Slide 7: Financial Results
Financial Results PAGE 7 6 Months 6 Months Full Year June 2010 June 2009 2009 Comments Operating Income £25.7m £21.5m £51.7m Operating Income increased by 20% Operating Expenses £22.0m £20.1m £46.4m Operating expenses up only 9% ( ) Profit Before Tax/(Loss) £2.3m £0.7m £5.1m Profit Before Tax increa
Slide 8: Divisional Performance
Divisional Performance PAGE 8 6 Months 6 Months Change June 2010 June 2009 £(000) £(000) Private Banking (Arbuthnot Latham) 78 731 (89%) Retail Banking (Secure Trust) 4,599 4,061 13% Investment Banking (Arbuthnot Securities) 451 (1,316) N/A Switzerland (60) (490) 88% Group Costs (2,733) (2,284) (20%
Slide 9: Forward Looking Statements
Forward Looking Statements PAGE 9 This document is a summary only of certain information contained in the announcement dated 4 August 2010 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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