National Bank Of Canada · TSX:NA
National Bank Of Canada — Shareholder Meeting (April 2015)
51 slides from National Bank Of Canada's shareholder meeting presentation, Apr 15, 2015
Slide 1: Welcome: Annual Meeting of the Holders of Common Shares 2015
WELCOME ANNUAL MEETING OF THE HOLDERS OF COMMON SHARES 2015 1
Slide 2: Jean Houde, Chairman of the Board
JEAN HOUDE CHAIRMAN OF THE BOARD 2
Slide 3: Call to Order
CALL TO ORDER 3
Slide 4: Business of the meeting
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Slide 5: Attestation of Quorum and Appointment of Scrutineers
ATTESTATION OF QUORUM AND APPOINTMENT OF SCRUTINEERS 5
Slide 6: Address by Louis Vachon
ADDRESS BY LOUIS VACHON PRESIDENT AND CHIEF EXECUTIVE OFFICER 6
Slide 7: Present in Drummondville for 100 years
Present in Drummondville for 100 years Manoir Drummond Building at 248 rue Hériot, 1939 7
Slide 8: Members of the Office of the President
Members of the Office of the President STÉPHANE WILLIAM DOMINIQUE DIANE LYNN BILODEAU BONNELL FAGNOULE GIARD JEANNIOT KAREN LUC GHISLAIN RICARDO LOUIS LEGGETT PAIEMENT PARENT PASCOE VACHON 8
Slide 9: Main themes
Main themes Overview of the Bank Looking back at 2014 Financial performance Value created for our shareholders, clients and employees Priorities for 2015 and beyond 9
Slide 10: Strong regional presence
Strong regional presence National Bank is well-established in the Drummondville region: 14 branches and 3 NBF offices A Commercial Banking Centre 60,000 individual clients 4,500 business clients More than 250 employees and Investment Advisors The region is important for the Bank and Quebec: You can
Slide 11: An engine of economic development
An engine of economic development Leading bank in Quebec Among Canada’s domestic systemically important banks Key contributor to business creation, development and continuity Growing presence across Canada Vancouver 2017 40% of revenues are generated outside Quebec 11
Slide 12: Solid financial results in 2014
Solid financial results in 2014 SHAREHOLDERS Net income $1,593 M Diluted earnings per share $4.48 Impaired loans ($118 M) Net of total allowances Return on equity 18.5% Core Tier 1 capital ratio 9.2% Excluding specified items 12
Slide 13: Strong results in the first quarter of 2015
Strong results in the first quarter of 2015 SHAREHOLDERS Record net income $410 M Diluted earnings per share $1.14 Return on equity 17.5% Good performance across our three business segments Excluding specified items 13
Slide 14: Industry-leading total shareholder return
Industry-leading total shareholder return SHAREHOLDERS Total shareholder return including dividends Periods ended October 31, 2014 Recognized for our financial strength 21.3% 20.9% 20.1% 18.6% 17.1% 13.1% 1 year Steady dividend growth National Bank Bank Bank Bank Bank Bank 1 2 3 4 5 Total shareholde
Slide 15: Economic context
Economic context SHAREHOLDERS Decline in the value of the Canadian dollar U.S. economic growth well underway Drop in oil prices = $1 billion in savings for Quebec residents Success factor: Private investment 15
Slide 16: Well-defined priorities
Well-defined priorities SHAREHOLDERS Pursue our One client, one bank strategy Distinctive, multi-channel client experience Ensure ongoing balance among our stakeholders Shareholders, clients, employees and the community Continue to expand our super-regional model 16
Slide 17: Targeted international investments
Targeted international investments SHAREHOLDERS Acquisition of 21% 42% stake in ABA 9.5% interest in AfrAsia of NSIA (Africa) Bank (Cambodia) Bank (Mauritius) Pilot project: replicate our super-regional business model outside Canada 17
Slide 18: A distinctive client experience
A distinctive client experience CLIENTS Rethinking the branch of the future Strong focus on advisory role: proximity, interaction Bright and inviting design Branches remain a key component of client contacts Just as clients’ needs and expectations are changing, so too must our service outlets 18
Slide 19: Building a multi-channel bank
Building a multi-channel bank CLIENTS Better alignment between the various distribution channels Mobile apps For iPad and Android MyIdea An innovative tool for clients looking to power their ideas 19
Slide 20: A new brand signature
A new brand signature CLIENTS A unique signature that reflects who we are Clear positioning that sets us apart Emphasis on our clients’ ambitions Applicable to all Bank sectors 20
Slide 21: Ranked among Canada's Best Employers
Ranked among Canada’s Best Employers EMPLOYEES The Bank earned many accolades in 2014 21
Slide 22: Diversity: A core value for the Bank
Diversity: A core value for the Bank EMPLOYEES Canadian leader in terms of male-female parity Scholarships for women in Financial Markets N.B.: Applications will be accepted until May 8 Women in management Women on the Board 2014 42% 44% (as at October 31, 2014) (Director nominees) 22
Slide 23: A key player in economic and social development
A key player in economic and social development COLLECTIVITY The Bank is a taxpayer, loan provider and major purchaser of goods and services Strong support for entrepreneurs $59 billion in loans to businesses $658 MILLION paid in income and other taxes Social Responsibility Report: A clear and 30% o
Slide 24: Contributing to the growth of the region
Contributing to the growth of the region COLLECTIVITY Donation of $40,000 to the Centre DEL (Development and Leadership Centre) of Collège Saint-Bernard in Drummondville First Drummondville National Bank Challenger tennis tournament Photos : Jean-Samuel Gauthier 24
Slide 25: Conclusion
Conclusion The Bank delivered a strong performance in 2014 I would like to thank the shareholders, clients, employees and partners who contribute to the Bank’s success, year after year Have a great bicentennial! 25
Slide 26: Consolidated Financial Statements and Independent Auditor's Report
CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORT 26
Slide 27: Review of General Practices Governing Voting
REVIEW OF GENERAL PRACTICES GOVERNING VOTING 27
Slide 28: Election of Directors
ELECTION OF DIRECTORS 28
Slide 29: Raymond Bachand
ELECTION OF DIRECTORS RAYMOND BACHAND 29
Slide 30: Maryse Bertrand
ELECTION OF DIRECTORS MARYSE BERTRAND 30
Slide 31: Lawrence S. Bloomberg
ELECTION OF DIRECTORS LAWRENCE S. BLOOMBERG 31
Slide 32: Pierre Boivin
ELECTION OF DIRECTORS PIERRE BOIVIN 32
Slide 33: André Caillé
ELECTION OF DIRECTORS ANDRÉ CAILLÉ 33
Slide 34: Gillian H. Denham
ELECTION OF DIRECTORS GILLIAN H. DENHAM 34
Slide 35: Richard Fortin
ELECTION OF DIRECTORS RICHARD FORTIN 35
Slide 36: Jean Houde
ELECTION OF DIRECTORS JEAN HOUDE 36
Slide 37: Karen Kinsley
ELECTION OF DIRECTORS KAREN KINSLEY 37
Slide 38: Louise Laflamme
ELECTION OF DIRECTORS LOUISE LAFLAMME 38
Slide 39: Julie Payette
ELECTION OF DIRECTORS JULIE PAYETTE 39
Slide 40: Roseann Runte
ELECTION OF DIRECTORS ROSEANN RUNTE 40
Slide 41: Lino A. Saputo jr
ELECTION OF DIRECTORS LINO A. SAPUTO jr 41
Slide 42: Andrée Savoie
ELECTION OF DIRECTORS ANDRÉE SAVOIE 42
Slide 43: Pierre Thabet
ELECTION OF DIRECTORS PIERRE THABET 43
Slide 44: Louis Vachon
ELECTION OF DIRECTORS LOUIS VACHON 44
Slide 45: Election of Directors
ELECTION OF DIRECTORS 45
Slide 46: Advisory Vote on the Approach Taken by the Board with Respect to Executive Compensation
ADVISORY VOTE ON THE APPROACH TAKEN BY THE BOARD OF DIRECTORS WITH RESPECT TO EXECUTIVE COMPENSATION 46
Slide 47: Appointment of Independent Auditor
APPOINTMENT OF INDEPENDENT AUDITOR 47
Slide 48: Shareholder Proposal
SHAREHOLDER PROPOSAL 48
Slide 49: Question Period
QUESTION PERIOD 49
Slide 50: Voting Results
VOTING RESULTS 50
Slide 51: Termination of the Meeting
TERMINATION OF THE MEETING 51
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