Versabank · TSX:VBNK
Versabank — Shareholder Meeting (April 2022)
19 slides from Versabank's shareholder meeting presentation, Apr 20, 2022
Slide 1: 2022 Annual General Meeting: Banking on the Future!
2022 Annual General Meeting April 20, 2022 Banking on the Future!
Slide 2: Hon. Thomas A. Hockin, Chair
VersaBank Choice Through Innovation Hon. Thomas A. Hockin Chair
Slide 3: Board of Directors
3 Board of Directors Honourable Thomas A. Hockin Chairman Gabrielle Bochynek Director Robbert-Jan Brabander Director David Bratton Director R.W. (Dick) Carter Director Peter Irwin Director Art Linton Director Susan McGovern Director Paul Oliver Director David Taylor President & CEO
Slide 4: Senior Management
4 Senior Management Officers of the Bank: Wooi Koay Additional Senior Management: Shawn Clarke Vice President, Information Technology Jon Taylor Chief Financial Officer Nancy McCutcheon Chief Human Resources Executive Michael Dixon Vice President, TIB Business Development Lawrence Chamberlain SVP, P
Slide 5: Auditors
Auditors VersaBank Choice Through Innovation
Slide 6: Appointment of Auditors
6 Appointment of Auditors
Slide 7: Director Nominees
7 Director Nominees • Honourable Thomas A. Hockin • David Taylor • Gabrielle Bochynek • Robbert-Jan Brabander • David Bratton • R.W. (Dick) Carter • Peter Irwin • Art Linton • Susan McGovern • Paul Oliver
Slide 8: 2022 Annual General Meeting April 20, 2022
2022 Annual General Meeting April 20, 2022
Slide 9: David Taylor, President & CEO
VersaBank Choice Through Innovation David Taylor President & CEO
Slide 10: Advisory
10 Advisory The Bank occasionally makes forward-looking statements about its objectives, operations and targeted financial results. These statements may be written or verbal and may be included in such things as press releases, corporate presentations, annual reports and other disclosure documents a
Slide 11: 2021: Momentum in Loan Growth and Profitability
11 2021: Momentum in Loan Growth and Profitability 2021 Net Income: 7-year CAGR: Record Loan + 15% + 22% Portfolio: $2.1B Point-of-Sale $22.4M Portfolio: $18.1M $20.2M $19.4M Up 30% vs 2020 $15.9M $8.5M Commercial Real $5.7M $8.2M Estate Portfolio: Up 22% vs 2020 2014 2015 2016 2017 2018 2019 2020 2
Slide 12: Re-Launch of Indigenous & Remote Community Lending Program
12 Re-Launch of Indigenous & Remote Arviat Health Centre (Nunavut) Community Lending Program Five Nations Energy (Northern Ontario)
Slide 13: Q1 2022: Continued Strong Financial Performance
13 Q1 2022: Continued Strong Financial Performance Income Statement Balance Sheet 3 Months Ended January 31 At January 31 2022 2021 Change 2022 2021 Change Total Assets $2.42 B $2.04 B +18% Total Revenue $18.3M $15.4M +18% Book Value per $11.78 $10.90 +8% Cost of Funds 1.29% 1.42% -13 bps Common Sha
Slide 14: Completed US$75 Million Subordinated Notes; US IPO
14 March April 2021: Completed US$75 Million In Fixed To Floating Rate Subordinated Notes Due 2031 March Received Investment Grade Credit Ratings: “A” Overall and “A-” Sub-Debt Ratings October 2021: Completed US IPO for total net cash proceeds of CA$73.2 million Listed on Nasdaq: VBNK
Slide 15: U.S. Point-of-Sale Financing: A Largely Untapped Opportunity
15 U.S. Point-of-Sale Financing: A Largely Untapped Opportunity Supporting an Emerging, A New Financing Solution for U.S. Point-of-Sale Providers High-Growth Industry Estimated size of the total point-of-sale market in the near term, With a massive millennial consumer base $1.8T driven primarily by
Slide 16: Revolutionary Digital Deposit Receipts
Revolutionary Digital Deposit Receipts: 16 Opportunity for Exponential Deposit Growth Addressing the Critical Security and Value Certainty Shortcomings of Current Stablecoins • Represented 1:1 by Canadian-dollar deposits • Highest level of stability and security amongst all digital currencies • Addr
Slide 17: Building a comprehensive suite of innovative cyber security solutions
17 Building a comprehensive suite of innovative cyber security solutions that address high-demand, underserved segments of this rapidly growing market
Slide 18: Our Time Has Arrived!
18 Our Time Has Arrived! VersaBank Choice Through Innovation
Slide 19: Banking on the Future!
2022 Annual General Meeting April 20, 2022 Banking on the Future!