Banca Transilvania Sa · BVB:TLV
Banca Transilvania Sa — Shareholder Meeting (April 2024)
58 slides from Banca Transilvania Sa's shareholder meeting presentation, Apr 25, 2024
Slide 1: General Shareholders Meeting 25.04.2024
General Shareholders Meeting 25.04.2024 vA
Slide 2: Ordinary General Meeting 2024
Slide 3: Ordinary General Meeting
Ordinary General Meeting Approval of the Approving Discharge of income and Approval of the the annual the Directors expenditure distribution of financial budget, and the dividends statements business plan Maintaining the Approval of Approval of the Mandating the remuneration of registration dividend
Slide 4: Approval of the annual statutory IFRS financial statements
Approval of the annual statutory IFRS financial statements Approval of the annual statutory IFRS financial statements for the 2023 financial year, in compliance with BNR's Order No. 27/2010 as subsequently amended, together with the Report of the Board of Directors and the Report of the Independent
Slide 5: 2023, a good year for Banca Transilvania Financial Group
2023, a good year for Banca Transilvania Financial Group Growth drivers in 2023: • Corporate and household financing • Increased operational activity • Attracting new customers We have consolidated our leadership in Romania. We have grown faster than the market. We continued to contribute to increas
Slide 6: We have been growing in Romania for 30 years
We have been growing in Romania for 30 years and we have seen Romania grow.
Slide 7: BT's impact on the economy and society in 2023
BT's impact on the economy and society in 2023 • 4.2 million active customers. The bank attracted 623,000 new customers in 2023, of which: o 93,000 are corporate customers; o 530,000 are retail customers. • 270,000 loans granted; • BT financed corporate customers with RON 23 billion and retail custo
Slide 8: Acquisitions status
Acquisitions status BT has made acquisitions in recent years from investors in Austria, Greece and Poland, gaining a combined market share of almost 7% (Volksbank Romania, Bancpost and Idea::Bank). In addition to banks, we have acquired companies with activities complementary to the banking activity
Slide 9: Evolution of the clients' number: +7.8% (2023/2022)
Evolution of the clients’ number: +7.8% (2023/2022) BT Active clients 31.12.2023 31.12.2022 2023/2022 Large corporate clients 1,517 1,419 6.9% Mid corporate clients 11,197 10,548 6.2% SME clients 25,358 22,438 13% Microbusiness and clients 41,679 387,727 7.2% Retail clients 3,785,742 3,509,320 7.1%
Slide 10: Business lines evolution 2023 vs 2022. Retail clients
Business lines evolution 2023 vs 2022. Retail clients • We have reached over 3.7 million customers; • +13.5% number of unique customers digitised → over 3.4 million; • +22% number of transactions made with BT cards; • +48% number of phone payments; • 6 million cards; • Over 16,000 people bought thei
Slide 11: Business lines evolution 2023 vs 2022
Business lines evolution 2023 vs 2022 MidCorporate Clients • +15.8% is the loan balance at BT Group level, reaching RON 11.5 billion • +33% is the deposits balance at bank level, reaching RON 13.1 billion Large Corporate Clients • Gross credit balance reached RON 24.5 billion at the end of 2023 11
Slide 12: Business lines evolution 2023 vs 2022. SME clients
Business lines evolution 2023 vs 2022. SME clients • Approximately 6,000 new loans; • +17.4% the balance of SME loans reached over RON 5.5 billion at BT Group level and RON 4.5 billion at bank level; During 2023, loans amounting to more than RON 3.35 billion were granted under the Government Program
Slide 13: Business lines evolution 2023 vs 2022. Microfinance
Business lines evolution 2023 vs 2022. Microfinance • +7.2% active number of clients → reaching over 415,000; • Over 15,700 loans granted at bank level; • RON 4.8 billion value of loans balance at BT Group level ; • +5.8% loan balance at bank level. Access to funding was supported by: • the microfin
Slide 14: Business lines evolution 2023 vs 2022. Treasury
Business lines evolution 2023 vs 2022. Treasury • Treasury activities are complementary to the other products and services offered to customers. • In line with the increased number of operations, the FX activity also grew: +19.7% net revenues, reaching RON 685 million in 2023, at BT Group level. 14
Slide 15: Bank's growth over the last 5 years
Bank’s growth over the last 5 years • BT remains the leader in the banking market. • Market share: from 16.43% (2018) to 20.14% (2023). • Evolution of the number of customers: from 2.8 million (2018) to 4.2 million (2023). • Market capitalization: from RON 9.6 billion (2018) to RON 19.4 billion (202
Slide 16: Evolution of BT market shares (2018 - 2023)
Evolution of BT market shares: deposits, assets, loans (2018 - 2023) Deposits market share Loans market share Assets market share 19.6% 20.1% 19.9% 18.5% 19.9% 18.4% 19.3% 19.1% 17.9% 18.4% 17.1% 16.4% 17.7% 16.0% 14.9% 14.8% 14.8% 2018 2019 2020 2021 2022 2023 Deposits (2023): Assets (2023): Loans
Slide 17: BT efficiency growth: Total assets/employee
BT efficiency growth in 2018 - 2023. Total assets/employee (RON thousand) +68% 16946 14456 14706 12365 10934 10077 2018 2019 2020 2021 2022 2023 17
Slide 18: BT efficiency growth: Net profit/employee
BT efficiency growth in 2018 - 2023. Net profit/employee (RON thousand) +57% 261 239 203 206 166 143 2018 2019 2020 2021 2022 2023 18
Slide 19: BT efficiency growth: Active customers/unit
BT efficiency growth in 2018 - 2023. Number of active customers/unit +51% 8296 7664 7172 6416 6648 5492 2018 2019 2020 2021 2022 2023 19
Slide 20: BT efficiency growth: Active customers/employee
BT efficiency growth in 2018 - 2023. Number of active customers/employee +15% 444 432 420 408 406 387 2018 2019 2020 2021 2022 2023 20
Slide 21: Capitalization during 2018 – 2023
Capitalization during 2018 – 2023 (RON bln.) Historical maximum: RON 22.96 bln (EUR 4.62 bln), in 8 April 2024 19,4 31.12.2023: RON 19.4 bln (EUR 3.9 bln) 16,3 31.12.2022: 14,1 RON 14.1 bln (EUR 2.8 bln) 13,5 12,9 31.12.2021: RON 16.3 bln (EUR 3.3 bln) 9,6 31.12.2020: RON 12.9 bln (EUR 2.7 bln) 31.1
Slide 22: Shareholders structure BT | 31.03.2024
Shareholders structure BT | 31.03.2024 No. of persons No. of shares Percentage ROMANIAN CAPITAL 54,675 614.582.273 76.95% The largest year- Individuals 53,924 179.103.522 22.43% on-year increase Legal entities 751 435.478.751 54.53% in the number of BT individual of which SIF 5 146.383.509 18.20% sh
Slide 23: Bank's team
Bank’s team • 10,283 employees • 9,547 active employees • 38 years old, average age in the company • 9.9% staff turnover in 2023 • almost 50% of BT employees are mothers with under-aged children 23
Slide 24: BT's community engagement in 2023
BT's community engagement in 2023 • The amount we invested: RON 80 million • Projects supported: 450 • Focus: culture, sport, education, environment, social • Examples of projects supported: o TIFF (Transilvania International Film Festival) o Via Transilvanica o Timisoara - European Capital of Cultu
Slide 25: Banca Transilvania: Individual financial statements 2023
Banca Transilvania: Individual financial statements 2023
Slide 26: Individual financial statements. Statement of financial position in 2023
Individual financial statements. Statement of financial position in 2023 2023 Δ 2023 Results 2022 Results Budget 2023/2022 Loans 75,921 72,486 67,474 12.5% Provisions -4,371 -4,293 -4,024 8.6% Immediate liquidity 34,906 31,963 19,280 81.0% Debt, equity and derivative instruments portfolio, 50,076 46
Slide 27: Individual financial statements. Profit and loss account
Individual financial statements. Profit and loss account Δ 2023 Results 2023 Budget 2022 Results 2023/2022 Net banking income, of which: 6,437 6,112 5,360 20.1% • Net Interest Income 4,319 4,341 3,658 18.1% • Net Fee and Commision Income 1,106 1,117 998 10.8% Operational expenses -2,935 -2,893 -2,66
Slide 28: BT Financial Group: Consolidated Financial Statements 2023
BT Financial Group: Consolidated Financial Statements 2023
Slide 29: Statement of financial position. BT Financial Group
Statement of financial position. BT Financial Group 2023 Results 2022 Results Δ 2023/2022 Loans 80,421 72,530 10,.9% Provisions -4,850 -4,516 7.4% Immediate liquidity 36,526 20,108 81.6% Debt, equity and derivative instruments portfolio, net of 51,775 47,191 9.7% provisions Fixed assets 2,488 2,172
Slide 30: Profit and Loss Account. BT Financial Group
Profit and Loss Account. BT Financial Group 2023 2022 Δ 2023/2022 Net Income, of which: 7,725 6,280 23.0% • Net interest income 5,257 4,427 18.8% • Net commission income 1,268 1,168 8.5% Operating expenses -3,506 -2,984 17.5% Operational result 4,219 3,296 28.0% Provisions, net -513 -495 3.6% Gross
Slide 31: Contribution to the consolidation of BT Financial Group in 2023
Contribution to the consolidation of BT Financial Group in 2023 • BT Leasing & Țiriac Leasing, positive impact of the merger: BTL reached 25.000 customers and a portfolio of EUR 500 million. • BT Asset Management reached RON 4,5 billion in assets under management and BT Maxim was the best performing
Slide 32: External Auditor Opinion
External Auditor Opinion Deloitte.
Slide 33: Discharge of directors for the 2023 exercise
Discharge of directors for the 2023 exercise Discharge of directors for the 2023 exercise. 33
Slide 34: The revenue and expenditure budget
The revenue and expenditure budget z Approval of the revenue and expenditure budget and the investment plan for 2024 (business plan for 2024). 34
Slide 35: 2024 Targets
2024 Targets • Total assets: +10.3% • Total gross loans: +6.1% • Total customers’ deposits : +9.1% • Cost/income ratio: 49.7% • Loans/deposits: 55.6% 35
Slide 36: Budget 2024
Budget 2024 36
Slide 37: Total assets (RON bln)
Total assets (RON bln) Total assets 10.3% 178.79 161.78 76.80 71.55 Loans, net Liquidity and securities 84.98 95.09 Other assets 5.25 6.90 2023 Buget 2024 37
Slide 38: Total debt and equity (RON bln)
Total debt and equity (RON bln) Ratios: Total debt & Loans/deposits: equity: 10,3% • 56,47% (2023) 178,79 • 55,61% (budgeted 2024) 161,78 Solvency ratio*: • 21,61% (2023) 11,83 • 26,52% (budgeted 2024) * The solvency ratio was determined by taking into account the net profit at 30.06.2023 and the bu
Slide 39: Gross Profit: 2023 evolution vs. 2024 budget
Gross Profit: 2023 evolution vs. 2024 budget (RON mln.) 3,128 3,531 Ratios: ROE: • 24.41% (2023) • 22.73% (budgeted 2024) 1,229 Cost/income: • 45.60% (2023) • 49.66% (budgeted 2024) 44 Gros -871 Provisions Income Gross profit evolution evolutio Profit 2023 n 2024 Expenses evolution 39
Slide 40: 2024 Investment Budget
2024 Investment Budget The budget indicators (income and expenses) for 2024, which we are submitting to the AGM for approval, have been established as follows: • to support the proposed business objectives; • to comply with specific prudential and regulatory requirements. 40
Slide 41: 2024 investment budget. Proposal
2024 investment budget. Proposal Investment budget, 2024 mln. RON Buildings – agencies & branches 78.49 IT investments & cards, of which: 439.12 Hardware IT 54.72 Software IT 236.80 Retail & cards, of which: 147.60 Hardware retail cards 29.84 Software retail cards 117.76 Security 8.77 Cash processin
Slide 42: Distribution of cash dividends
Distribution of cash dividends Approval of the distribution of cash dividends from the profit for the year 2023, as follows: the amount of RON 1,000,000,000 from the net profit reserves for the year 2023, the total amount being granted as cash dividends. Approval of a gross dividend/share of RON 1.2
Slide 43: The directors' remuneration for 2024
The directors’ remuneration for 2024 Mantaining the directors' remuneration for 2024, including the maximum cap for additional remuneration (fixed and variable) granted to the Board of directors and management. 43
Slide 44: The registration date and the ex date
The registration date and the ex date Setting the directors' remuneration for 2024, including the maximum cap for additional remuneration (fixed and variable) granted to the Board of directors and management. Approval of 12 June 2024 as the record date and 11 June 2024 as the ex-date for identifying
Slide 45: The payment date
The payment date Approval of June 26th, 2024 as the payment date for the dividend. 45
Slide 46: The mandates
The mandates Approval of the mandates for the Board of Directors and for its individual members to carry out the decisions adopted by the Ordinary General Meeting of Shareholders. 46
Slide 47: Extraordinary General Meeting 2024
Slide 48: Extraordinary General Meeting Agenda
Extraordinary General Meeting Agenda OTP Bank Romania, Share capital Buy-Back of own OTP Leasing increase shares Romania, OTP Asset Management Approval of Payment date Mandating the registration & approval for BOD ex-data free shares
Slide 49: Increase of the share capital
Increase of the share capital Increase of the share capital with the amount of RON 1,182,216,130 by issuing 118,221,613 new shares at a nominal value of RON 10/share, establishing a price to compensate for the fractions of shares resulting from applying the algorithm and rounding the results, accord
Slide 50: The share buyback by the Bank
The share buyback by the Bank Approval of the share buyback by the Bank, in accordance with the applicable legal provisions, under the following terms and conditions: up to 6,500,000 shares (0.81% of the total shares included in the share capital) with a nominal value of RON 10/share at a minimum pr
Slide 51: OTP Bank Romania, OTP Asset Management Romania, OTP Leasing Romania
OTP Bank Romania, OTP Asset Management Romania, OTP Leasing Romania Informing shareholders about the acquisition of stakes in the share capital of: • OTP Bank Romania S.A. • OTP Asset Management Romania S.A.I. S.A. • OTP Leasing Romania S.A., and the subsidiaries of these entities. 51
Slide 52: Signing the SPA, Bucharest, February 2024
Slide 53: Acquisition status
Acquisition status The price to be paid: EUR 347.5 mln. 53
Slide 54: OTP Bank Romania
OTP Bank Romania • Universal bank; • 2,5% market share based on assets (10th place in the Romanian banking sector); • Over 400,000 retail customers; • 22,000 SME and corporate clients; • 1,800 employees; • 96 branches. 54
Slide 55: The registration date and the ex-date
The registration date and the ex-date Approval of the date of July 19th, 2024 as the registration date and of the ex-date, July 18th, 2024, for the identification of the shareholders who will benefit from the results of the Extraordinary GMS and to whom the effects of the Extraordinary GMS Decisions
Slide 56: Payment date for the distribution of shares
Payment date for the distribution of shares Approval of the date of July 22nd, 2024 as the payment date for distribution of free shares following the share capital increase. 56
Slide 57: The mandates
The mandates Approval of the mandates for the Board of Directors and individually for each of its members, in order to carry out the decisions of the Extraordinary General Shareholders Meeting. 57
Slide 58: www.bancatransilvania.ro/en/investor-relations
www.bancatransilvania.ro/en/investor-relations
Banca Transilvania — Shareholder Meeting (April 2024) on 6ix