Compagnie Financiere Tradition Sa · SIX:CFT

Compagnie Financiere Tradition Sa — H1 2023 Earnings Presentation

14 slides from Compagnie Financiere Tradition Sa's earnings presentation, Sep 1, 2023

  1. Slide 1: H1 2023 Results Presentation

    H1 2023 RESULTS H1 2023 PRESENTATION RESULTS PRESENTATION 1 SEPTEMBER 2023 Lausanne 1 SEPTEMBER 2023 Lausanne

  2. Slide 2: Key figures: Performance and financial position as of 30 June 2023

    Key figures: Performance and financial position as of 30 June 2023 CHF CHF 552m 74m Operating Revenue* profit* CHF CHF ~884m 51m Market Net profit – capitalization1) Group share Compagnie Financière Tradition CHF CHF 257m 447m Net cash Shareholders’ position* equity** 2 *Including group share of joi

  3. Slide 3: H1 2023 performance overview

    Normalization of central banks monetary beneficial to the Group’s operations Momentum from organic growth strategy H1 2023 performance overview +11.8% • Revenue including share of joint ventures reaching +12.5% +41.9% +47.7% +10.7% +7.4% +8.0% CHF 552.4m, up 11.8% at constant exchange rates supporte

  4. Slide 4: Growth in both IDB and Non-IDB businesses in constant currencies

    Growth in both IDB and Non-IDB businesses in constant currencies Gaitame reported revenue impacted by JPY weakening Reported revenue and revenue including share of JV Revenue including share of JV by business Joint ventures M CHF M CHF +11.6% Subsidiaries IDB (reported) +11.8% 552.4 525.1 491.0 39.1

  5. Slide 5: Positive revenue development trend reflected in all regions

    Diversified revenue portfolio both in terms of geographies and asset classes Positive revenue development trend reflected in all regions Breakdown by region in H1 2023 United Asia Pacific; Kingdom; 26% 26% Continental Americas; Europe; 15% 33% Trend by region Non IDB APAC Americas CE UK 4% 3% 3% 24%

  6. Slide 6: Strong improvement in Energy and Commodities products supported by organic growth

    Diversified revenue portfolio both in terms of geographies and asset classes Strong improvement in Energy and Commodities products supported by organic growth Currencies and Securities and Energy and rates security derivatives Commodities Non-IDB Breakdown by product in H1 2023 Non IDB; 3% • Interes

  7. Slide 7: Operating profit including share of joint ventures up 41.9% to CHF 74.0m

    Operating profit including share of joint ventures up 41.9% to CHF 74.0m Improved average annualized productivity up 16% to CHF 850’000 per individual Operating profit including share of JV IDB headcount trend (Variation at constant rates) 2'397 margin 13.4% 2'387 2'329 IDB Non IDB +41.9% M CHF 10.7

  8. Slide 8: Gaitame.com: EBITDA margin continue to improve to 55% in H1 2023

    Gaitame.com : EBITDA margin continue to improve to 55% in H1 2023 Increase in profit, number of customers and deposits in constant terms; Reported figures impacted by weaker Japanese currency Revenue trend* EBITDA trend* M CHF M CHF At current rates At constant rates (variation at constant rates) At

  9. Slide 9: Net interest income up CHF 4.2m; financial results impacted by FX losses

    Net interest income up CHF 4.2m with income from gross cash investments Financial results impacted by FX losses vs last year gains Net profit – Group share M CHF H1 2023 H1 2022 Change Change at at current constant exchange exchange Net interest income/(expense) +0.4 -3.8 M CHF H1 2023 H1 2022 rates

  10. Slide 10: Continued focus on sound balance sheet with important shareholders' equity and net cash position

    Continued focus on sound balance sheet with important shareholders’ equity and net cash position Marginal intangibles assets including goodwill Assets Equity and Liabilities M CHF 30.06.2023 31.12.2022 M CHF 30.06.2023 31.12.2022 Property, Plant & Equipment 17.2 19.5 Capital 19.2 19.1 Right-of-use a

  11. Slide 11: Shareholders' equity of CHF 447.4m and net cash position increasing to CHF 257m

    Shareholders’ equity of CHF 447.4m before deduction of own shares of CHF 20.9m and net cash position increasing from CHF 199m to CHF 257m1) with strong operating cash flows Gross debt down to two outstanding bonds (2025 and 2027); Gross debt / LTM EBITDA incl JV < 1.5x Shareholders’ equity breakdown

  12. Slide 12: Share buy back program formally launched

    Share buy back program formally launched Up to 300’000 bearer shares over approx. 3 years for an estimated value of CHF 35m • CFT announced on 25 May 2023 a share buyback program on its bearer shares for the purpose of a capital reduction Purpose • The board of directors of CFT intends to cancel the

  13. Slide 13: CFT, a Swiss group ranked amongst the top 3 worldwide in its sector

    CFT, a Swiss group ranked amongst the top 3 worldwide in its sector Roadmap based on growth initiatives, operational performance and quality of balance sheet 1 Track record of agility to cope with market cycles and structural trends 2 Positive impact from the normalization of central banks’ policies

  14. Slide 14: Thank you

    4Tradition Thank you Global Leaders In Interdealer Broking J

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