Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — FY2015 Earnings Presentation
28 slides from Mizrahi Tefahot Bank's earnings presentation, 2016
Slide 1: Financial Statements December 2015
Financial Statements December 2015 Financial Statements 31 December 2008 1
Slide 2: Disclaimer
Disclaimer •This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company's presentation. The information contained in this document constitutes information from the bank's 2015 quarterly and annual reports and/ or immediate reports, as well as the periodic, quarte
Slide 3: Loan growth: Credit to the public
Loan growth Credit to the public NIS mil 159,204 147,569 138,565 128,651 2012 2013 2014 2015 3
Slide 4: Loan growth: market share
Loan growth Credit to the public UMTB’s market share 17.8% 17.4% 17.0% 16.0% 2012 2013 2014 2015 * * 2015 data – as of Q3/2015 4
Slide 5: Deposit growth
Deposit growth Deposits from the public NIS mil 162,380 152,379 141,244 128,081 2012 2013 2014 2015 5
Slide 6: Deposit growth: market share
Deposit growth Deposits from the public UMTB’s market share (excld. Deposits from institutional investors**) 13.5% 12.5% 11.9% 11.3% 2012 2013 2014 2015 * UMTB was mandated in 2016 as the sole manager of deposits for foreign employees in Israel, which will serve as a growth engine * 2015 data – as o
Slide 7: SME segment
SME segment Credit to SME 9,871 NIS mil 9,018 7,667 6,860 2012 2013 2014 2015 The bank will continue to benefit from its ability to access government guaranteed funds for SME in the next 4 years 7
Slide 8: Commercial banking
Commercial banking Credit to commercial banking segment NIS mil 4,484 4,240 2014 2015 Focus on commercial banking clients policy was adopted further to the successful increase in SME activity 8
Slide 9: Mortgage market: continue to lead while keeping high quality underwriting
Mortgage market: continue to lead while keeping high quality underwriting of mortgages Volume of new Main risk parameters for new mortgage loans in the mortgages (2011-2015, the system) system (NIS bil) 65.0 2011 2015 Average 52.2 52.0 54.5% LTV* 51.8% 47.2 Average 32.6% payment load* 25.8% Rate of
Slide 10: Increasing equity base
Increasing equity base Equity (NIS mil) 11,847 10,797 9,681 8,730 7,601 2011 2012 2013 2014 2015 * Equity attributable to equity holders of the Bank 10
Slide 11: Continued growth in net profit
Continued growth in net profit Net profit 1,134 1,092 1,083 1,060 1,029 2011 2012 2013 2014 2015 11
Slide 12: Double digit ROE despite dramatic increase in Equity
Double digit ROE despite dramatic increase in Equity and continued decrease in interest rates ROE(%) Equity (NIS mil) In black – Bank of Israel interest rate at the end of a calendar year 12
Slide 13: Back to dividend distribution
Back to dividend distribution Dividend distribution (NIS mil) 120 122 75 2011 2012 2013 2014 2015 13
Slide 14: Best performing stock among peers
Best performing (2015 annual yield) stock among peers 14.62% 12.96% 11.55% 0.90% טפחות UMTBמזרחי פועלים Poalim לאומי Leumi דיסקונט Discount בינלאומי FIBI -5.53% 14
Slide 15: Progress in line with the strategic plan
Progress in line with the strategic plan Market Shares 30.9.2015 31.12. 2017 31.12.2017 Updated plan Original plan Loans to the Public 17.8% 19.0% 17.5% Balance Sheet Debt 19.1% 20.0% 18.0% in Israel Deposits from the 15.2% 17.5% 16.0% Public Mortgages (New 35.4% * +35% +35% Initiations) * As off 31
Slide 16: Financial results
oOo MIZRAHI TEFAHOT Financial results 16
Slide 17: Net profit (NIS mil)
Net profit (NIS mil) 1,134 1,092 2014 2015 17
Slide 18: Net profit (NIS mil) quarterly
Net profit (NIS mil) 330 307 313 316 269 248 240 203 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2015 18
Slide 19: Net profit - ROE (NIS mil)
Net profit - ROE (NIS mil) 10.6% 10.0% 2014 2015 19
Slide 20: Net profit - ROE (NIS mil) quarterly
Net profit - ROE (NIS mil) 12.4% 11.5% 9.4% 8.4% Q1 Q2 Q3 Q4 2015 20
Slide 21: Loans to the public (NIS bil)
Loans to the public (NIS bil) 159.2 147.6 138.6 128.7 119.3 31.12.2011 31.12.2012 31.12.2013 31.12.2014 31.12.2015 21
Slide 22: Deposits from the public (NIS bil)
Deposits from the public (NIS bil) 162.4 152.4 141.2 128.1 119.2 31.12.2011 31.12.2012 31.12.2013 31.12.2014 31.12.2015 22
Slide 23: Total Revenues (NIS mil)
Total Revenues* (NIS mil) 5,392 4,987 4,963 2013 2014 2015 * Including interest revenues net, and non interest revenues 23
Slide 24: Financing Revenues (NIS mil)
Financing Revenues (NIS mil) Rate of 2014 2015 change Interest revenues, net 3,375 3,534 Non-interest financing revenues 173 358 Total financing revenues 3,548 3,892 9.7 Less: Linkage differentials with respect to CPI position (11) (130) Revenues from collection of interest on troubled debt 77 49 Ga
Slide 25: Commissions (NIS mil)
Commissions (NIS mil) 1,395 1,426 2014 2015 25
Slide 26: Operating and other expenses (NIS mil)
Operating and other expenses (NIS mil) 1,944 1,866 715 692 590 458 Salaries Building & Equipment Others maintenance & depreciation 2014 2015 26
Slide 27: Provisions/loans to the public
Provisions/loans to the public 0.21% 0.21% 0.12% 0.13% 2012 2013 2014 2015 27
Slide 28: Capital adequacy
Capital adequacy 13.29% 12.97% 12.76% Total Ratio 9.05% 9.30% 9.50% Tier I 31.12.2014 30.9.2015 31.12.2015 28