Banca Transilvania SA · BVB:TLV
Banca Transilvania SA — 9M 2015 Earnings Presentation
24 slides from Banca Transilvania SA's earnings presentation, November 2015
Slide 1: Banca Transilvania September 2015 Financial Results
BANCA TRANSILVANIA September 2015 Financial Results
Slide 2: Disclaimer
DISCLAIMER The information contained in the present document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of this information or opinions contained her
Slide 3: Agenda
AGENDA 1 Banking Sector Dynamics 2 YTD Sep’15 Highlights 3 Performance in YTD Sep’15 4 Overview of Business Lines 5 BT Financial Group 2
Slide 4: Romanian Banking Sector – 2015 briefing
ROMANIAN BANKING SECTOR – 2015 briefing ● The Romanian banking system stays solid: ● average CAR at 18% ● NPL ratio markedly improved to less than 13% from cca. 22% in 2013 ● Top 7 banks hold ~66% of total assets / Top 3 banks ~40% ● The non-government loans rose by 2% ytd, as the increase of the RO
Slide 5: Bank assets return to growth
BANK ASSETS RETURN TO GROWTH Bank assets growth pace NPL continue to decline, picking up in 2015 dropping below 13% as of June total bank net assets source: NBR NPL ratio, % source: NBR 8% 364 21.6% 21.9% 36 5 363 6% 362 20.3% 20.4% 361 19.2% 36 0 4% 3.1% 15.3% 355 2.4% 13.9% 13.9% 2% 354 12.8% 35 5
Slide 6: Lending in RON pushes the credit activity back into positive
LENDING IN RON pushes the credit activity back into positive after a long time Lending inches into positive territory Loans in domestic currency for the first time since Feb 2013 remain the credit activity driver loans non-government , %YoY source: NBR loans non-government , RONbn source: NBR 4.2% 1
Slide 7: Banca Transilvania's business development and financial performance
Banca Transilvania’s business development and financial performance at the end of third quarter 2015 6 BANKING SECTOR DYNAMICS YTD SEP’15 HIGHLIGHTS PERFORMANCE IN YTD SEP’15 OVERVIEW OF BUSINESS LINES BT FINANCIAL GROUP
Slide 8: Profitability YTD Sep'15 highlights
YTD SEP’15 highlights YTD Sep’15 YTD Sep’14 Mil. RON ∆ (unaudited) (unaudited) * PROFITABILITY Operating income 1,453.6 1,430.9 1.6% Operating expenses (717.6) (613.2) 17.0% Gross profit before provisions 735.9 817.8 -10.0% Net income 313.0 322.6 -3.0% EPS RON 0.104 0.108 -4.5% Cost of risk (%) 1.9%
Slide 9: Business performance YTD Sep'15 at a glance
BUSINESS PERFORMANCE YTD SEP’15 at a glance ● Healthy growth of the loan portfolio across all business line Total assets at RON 39.4 bn ● Partial switch from AFS portfolio to other assets categories (due to banks 10.6% YTD &loans) ● Continued growth of deposit base by 6% Capital adequacy ratio at
Slide 10: Profit & loss account structure
PROFIT & LOSS ACCOUNT STRUCTURE balance evolution of different income and expense items Detailed Income and Expense Structure, RONmn 90000% 854 827 80000% 718 70000% 613 60000% 442 50000% 40000% 362 324 323 313 299 YTD Sep 2015 YTD Sep 2014 30000% 20000% 184 188 94 114 10000% 53 60 0% net interest n
Slide 11: Loan structure
LOAN STRUCTURE Loans to households up by 45% Higher proportion of investment Y/Y, also on regained confidence loans to companies 1200% Loans to Households, RONbn Loans to Companies, RONbn 10.6 14 00 % 13.3 12.8 12.3 14.3 1000% 12 00 % other 4.0 800% 7.3 7.5 10 00 % consumption housing corporates 80
Slide 12: Deposit structure
DEPOSIT STRUCTURE Deposits from households Deposits from companies remain continue the growth path stable 2500% Deposits from Households, RONbn Deposits from Companies, RONbn 14 00 % 20.7 11.9 11.4 18.6 12 00 % 2000% 17.5 9.8 current accounts deposits 10 00 % corporates 1500% 8.0 80 0% 16.5 7.8 15.7
Slide 13: NPL ratio at 9.5%
NPL RATIO AT 9.5% NPL ratio and NPL coverage 12 0% ● Banca Transilvania continued the conservative provisioning policy, providing a sound coverage 16 .00 % ratio for its PAR 90 portfolio 14 .00 % 10 0% 12.6% 12 .00 % 11.3% 10.9% ● NPLs ratio at the lowest level in the last 4 years 80 % 9.5% 10 .00 %
Slide 14: Retail banking
RETAIL BANKING Retail loan portfolio reached RON 10.6bn in September 2015 Retail Loan Portfolio, RONbn source: BT 10.58 ● Sound organic growth of 13% during 9 months of 1000% 950% 2015 loans ● CHF loan portfolio conversion successfully 2.13 900% transferred 850% from VBR completed in August 8.45 B
Slide 15: SME banking
SME BANKING SME loan portfolio up by 9% ● Banca Transilvania continued its specific focus on SME Loan Portfolio, RONbn source: BT the SME business sector, processing over 15,000 2.81 new loans in 9 months of 2015 280% The portofolio of attractive cash management 260% 2.58 facilities, tailored on S
Slide 16: Corporate banking
CORPORATE BANKING Corporate loan portfolio stable above RON 10bn Corporate Loan Portfolio, RONbn source: 1100% BT ● Corporate loans inflexioned at country level 1050% 10.46 during this spring, evolution determined by the acceleration of the real economy and attractive 1000% 9.88 9.97 funding costs 9
Slide 17: Banca Transilvania Financial Group
BANCA TRANSILVANIA FINANCIAL GROUP full array of financial services As of 30.09.2015: Total assets: 39.4 RON bn Total assets: 8.3 RON bn Total assets: 89 RON mn Total assets: 106 RON mn Total assets: 67 RON mn Total assets: 28 RON mn Total assets: 313 RON mn 16 BANKING SECTOR DYNAMICS YTD SEP’15 HIG
Slide 18: TLV shares on Bucharest Stock Exchange
TLV SHARES on Bucharest Stock Exchange TLV price performance YTD 2015 Price 09/11/15 RON 2.63 2.63 2.6 2.4 No. of shares 3,026mn 2.2 2 Market cap RON 7,958mn 1.8 1.6 5/1/15 2/2/15 2/3/15 8/6/15 6/7/15 3/8/15 19/1/15 16/2/15 16/3/15 30/3/15 13/4/15 27/4/15 11/5/15 25/5/15 22/6/15 20/7/15 17/8/15 31/8
Slide 19: Profitability YTD Sep'15 highlights – consolidated figures
YTD SEP’15 HIGHLIGHTS – consolidated figures YTD Sep’15 YTD Sep’14 Mil. RON ∆ (unaudited)* (unaudited)** PROFITABILITY Operating income 1,721.1 1,484.5 15.9% Operating expenses (954.9) (646.6) 47.7% Gross profit before provisions 766.1 837.9 -8.6% Net income 2,296.2 338.1 579.1% EPS RON 0.76 0.11 56
Slide 20: Annex I Income Statement
ANNEX I INCOME STATEMENT IFRS, individual, RONmn * YTD Sep'15 YTD Sep'14 ∆ Net interest income 826.8 853.9 -3.2% Net fee and commission income 324.4 299.3 8.4% Net trading income 114.3 93.7 22.0% Other net income 188.0 184.1 2.1% Operating income 1,453.6 1,430.9 1.6% Personnel expenses (372.9) (332.
Slide 21: Annex II Balance Sheet
ANNEX II BALANCE SHEET IFRS, individual, RONmn * Sep-15 Dec-14 ∆ Cash & cash equivalents 3,937.7 4,226.0 -6.8% Placements with banks 4,188.5 2,216.1 89.0% Loans to customers, net 21,431.2 17,517.2 22.3% T-bills & securities 8,864.8 11,068.0 -19.9% Fixed assets 344.5 360.1 4.3% Participations 431.8 7
Slide 22: Annex III Income Statement
ANNEX III INCOME STATEMENT IFRS, consolidated, RONmn * YTD Sep'15 YTD Sep'14 ∆ Net interest income 1,031.8 882.2 16.9% Net fee and commission income 354.9 311.4 14.0% Net trading income 126.8 89.9 41.0% Other net income 207.6 200.9 3.3% Operating income 1,721.1 1,484.5 15.9% Personnel expenses (486.
Slide 23: Annex IV Balance Sheet
ANNEX IV BALANCE SHEET IFRS, consolidated, RONmn * Sep-15 Dec-14 ∆ Cash & cash equivalents 4,476.7 4,234.2 5.7% Placements with banks 3,139.4 2,224.3 41.1% Loans to customers, net 25,066.6 17,663.0 41.9% T-bills & securities 10,602.7 11,078.6 -4.3% Fixed assets 466.4 412.3 13.1% Participations 0.0 0
Slide 24: Banca Transilvania HQ
Banca Transilvania HQ 8, G. Baritiu Street, Cluj-Napoca 400027, Romania + 40 264 407 150 + 40 264 407 179 /FAX investor.relations@btrl.ro www.bancatransilvania.ro/en/investor-relations www.bancatransilvania.ro www.bt24.ro facebook.com/BancaTransilvania twitter.com/b_Transilvania # linkedin.com/compa