Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Q2 2015 Earnings Presentation
28 slides from Banco De Credito E Inversiones's earnings presentation, August 2015
Slide 1: Corporate Presentation 2Q 2015
Corporate Presentation 2Q 2015 Banco de Crédito e Inversiones August 2015
Slide 2: Content
Content: 1. Main macroeconomic indicators 2. Chilean Financial System 3. Bci Financial Results 2
Slide 3: Chilean main macroeconomic indicators
Chilean main macroeconomic indicators
Slide 4: Main macroeconomic indicators
Main macroeconomic indicators GDP (% YoY growth) Investment (% YoY growth) 5,8 5,4 4,1 14,4 12,2 3,0 2,2 1,9 1,8 0,4 2011 2012 2013 2014 (e) 2015 (e) 2016 2011 2012 2013 2014 (e) 2015 (e) 2016 -0,5 -6,9 Private 8,9 consumption (% YoY growth) Inflation and Central Bank monetary policy rate (TPM) (%)
Slide 5: Chilean Financial System
Pe 7 es f Chilean Financial System
Slide 6: Financial System: Strong growth over the years
Financial System Strong growth over the years Total Loans Financial System* Corporate & Interbank lending Financial System* (US$ million) (US$ million) 10,4% 8,4% 11,2% 191.679 198.243 179.627 10,4% 117.097 119.357 172.526 110.070 156.503 107.106 139.519 98.247 87.127 2011 2012 2013 2014 2Q14 2Q15 2
Slide 7: Financial System: Healthy and well capitalized
Financial System Healthy and well capitalized Financial System Regulatory capital / Risk weighted assets 13,9% 13,3% 13,4% 13,3% 13,3% 13,3% 3,9% 3,5% 3,7% 3,7% 3,7% 3,6% Tier II Tier I 10,1% 9,9% 9,6% 9,7% 9,6% 9,7% 2011 2012 2013 2014 May 2014 May 2015 NPL Ratio Financial system 2,59% 2,20% 2,12%
Slide 8: Banco de Crédito e Inversiones
Banco de Crédito e Inversiones
Slide 9: Shareholders and Corporate Governance
Shareholders and Corporate Governance Shareholder structure as of June 2015 Since Luis Enrique Yarur Rey (President) 1991 Free float; Juan Manuel Casanueva Préndez 2007 29,7% Dionisio Romero Paoletti 2010 Board of Francisco Rosende Ramírez (I) 2010 José Pablo Arellano Marín 2011 Directors Mario Góme
Slide 10: June 2015 – Highlights
June 2015 – Highlights Profitable and financially sound US$ * Market Share** Total Assets $35.780 M Client Loans $25.458 M 13,00% Net Income (LTM) $541 M 15,35% Market Capitalization $4.781 M Tier I BIS ratio Capital ratios 10,14% 13,99% Moody’s S&P Fitch International Credit Rating A1 A A- ROAE***
Slide 11: Selected awards and accolades
Selected awards and accolades Bci continuously stands out in the industry receiving both national and international recognition Local dynamos 2014 1st place 2014- Financial System Among the 50 most successful local companies Customer loyalty index (NPS) in Emerging Markets Alco – Diario Estrategia T
Slide 12: Market Shares
Market Shares 3rd Largest privately owned bank in Chile Total Assets Market Share Total Loans Market Share* 12,37% 13,00% Bci Bci 15,79% Bank 1 Bank 1 18,10% Others, Bank 2 Others, Bank 2 60,6% 64,3% 39,1% 17,55% 36% Bank 3 Bank 3 19,36% 14,93% 13,81% NIBD Market Share* Net Income Market Share (LTM)
Slide 13: National and international presence
National and international presence Tactical international coverage combined with one of the largest national distribution channels 361 National Commercial Contact Points (CCP) Presence in 6 countries NORTH Regions I to IV and XV 55 CCP CENTER Regions V, VI and RM 229 CCP SOUTH Regions VII to XII an
Slide 14: Loan Portfolio Bci
Loan Portfolio Bci Bci outperforming the Financial System long term trend 2011-2014 Total Loans Bci Corporate & Interbank lending Bci (US$ million) (US$ million) 10,4% 11,2% 8,4% 11,3% 10,4% 12,0% 7,8% 25.199 25.776 11,1% 22.737 23.150 16.901 16.720 20.556 15.565 15.516 17.918 14.160 12.333 2011 201
Slide 15: Loan Portfolio Bci: diversified and balanced
Loan Portfolio Bci Well-diversified and balanced loan portfolio Bci Commercial Corporate & Retail Banking SMEs Investment Banking Banking (CIB) Individuals Revenues < UF 80.000 Revenues > UF 80.000 Corporate and Private (up to US$ 3,1 million*) (up to US$ 58,6 million*) Banking Loans by segment** Lo
Slide 16: Risk Indicators
Risk Indicators Conservative risk management policies Risk Index Total Loans* (%) Risk Index Commercial Loans* (%) Allowances / Total Loans (Bci) Commercial Allowances/ Commercial & Interbank Loans (Bci) Allowances / Total Loans (Financial system) Commercial Allowances/ Commercial & Interbank Loans
Slide 17: Risk Indicators: NPL ratios
Risk Indicators Conservative risk management policies NPL Ratio (NPLs/Total Client Loans) %* NPL Ratio (Commercial Loans) %* NPLs/ Total Client Loans (Bci) NPLs/ Commercial Loans (Bci) NPLs/ Total Client Loans (Financial NPLs/ Commercial Loans (Financial 3,15% system) system) 2,34% 2,75% 2,57% 2,52%
Slide 18: Funding sources
Funding sources Increasing the international funding base Non interest bearing deposits & Time deposits 14,9% (US$ million) 13,1% 6,1% 6,8% 7.186 7.186 6.135 6.253 Non interest 5.662 bearing deposits 4.964 Time Deposits 11.302 12.061 12.877 12.222 12.970 10.561 Local funding 2011 2012 2013 2014 2Q14
Slide 19: Profitability
Profitability Bci outperforming the Financial System long term trend 2011-2014 NIM* (%) Fee income ratio (%) (Net interest margin/ average interest earning assets) (Net fees/ net fees + net interest margin) 30 , 0% 23,36% 24,17% 23,12% 22,85% 4,52% 4,49% 4,50% 25 , 0% 21,65% 20,68% 4,21% 4,14% 4,14%
Slide 20: Net income
Net income Sustained and profitable growth LTM Net Income and Market Share* (US$ Million) 2,33% 9,49% 60 0 537 528 541 20,0% 470 19,0% 50 0 409 424 18,0% 40 0 17,0% 16,0% Net Income 30 0 16,70% 16,17% 15,0% 15,21% 15,35% 14,0% Market Share 13,0% 20 0 14,49% 14,77% 10 0 12,0% 11,0% 0 10,0% 2011 2012
Slide 21: Capitalization
Capitalization Bci capitalization well above regulatory requirements 13,92% 13,60% 13,44% 13,78% 13,91% 13,99% Regulatory Capital / Consolidated Risk weighted assets Basic Capital / Total Assets 6,84% 7,04% 7,14% 7,19% 7,19% 7,52% Required by SBIF (8%) Required by SBIF (3%) 2011 2012 2013 2014 2Q14
Slide 22: Summary
Summary Bci continues to generate value for its shareholders through profitable and healthy growth Loans Loan growth from 2Q14 to 2Q15 11,3% NIM NIM 4,14% as of June 2015 Better efficiency levels than the financial system: 44,5 % Efficiency compared to 47,3% for the industry ROAE ROAE of 19,4%, well
Slide 23: Thank you
“ Clic para editar título Thank you “This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”,
Slide 24: Segmentation
Segmentation Bci has achieved diversification through effective segmentation Bci Commercial Corporate & Retail Banking SMEs Investment Banking Banking (CIB) Individuals Revenues < UF 80.000 Revenues > UF 80.000 Corporate and Private (up to US$ 3,1 million*) (up to US$ 58,6 million*) Banking Commerci
Slide 25: Balance sheet structure June 2015: Assets
Balance sheet structure June 2015 Assets structure 7,9% 6,2% 6,5% 5,0% 5,7% 7,4% 8,7% 8,7% 9,9% 8,8% Cash Securities Loans 66,7% 66,0% 67,4% 66,5% 70,6% Other Financial Instruments Fixed Assets Other Assets 10,8% 11,1% 8,8% 9,9% 1,0% 7,0% 1,0% 1,0% 1,1% 1,0% 7,9% 6,7% 9,1% 5,8% 5,9% 2Q14 3Q14 4Q14 1
Slide 26: Balance sheet structure June 2015: Liabilities
Balance sheet structure June 2015 Liabilities structure 18,4% 18,0% 19,2% 19,1% 20,1% Deposits on Demand Time Deposits 36,0% 35,9% 34,5% 34,1% 36,2% Interbank Borrowings 6,5% Bonds Payable 6,8% 6,6% 7,0% 6,5% 13,5% 15,1% Other Liabilities 15,1% 13,8% 16,0% Equity 16,1% 18,5% 17,9% 17,4% 12,8% 7,6% 7
Slide 27: Financial results (Pesos)
Financial results Pesos CAGR 2011 2012 2013 2014 2Q14 2Q15 %∆ Ch$ Million 2011-2014 Operating Revenues 826.088 911.659 1.005.351 1.120.278 10,7% 552.824 561.664 1,6% Provision Expenses 157.678 172.015 203.238 235.154 14,3% 125.977 104.080 -17,4% Operating Expenses 364.534 419.100 447.543 481.254 9,7
Slide 28: Financial results (US$)
Financial results Dollar US$ US$ Million CAGR 2011 2012 2013 2014 2Q14 2Q15 %∆ 2011-2014 Operating Revenues 1.293 1.427 1.573 1.753 10,7% 865 879 1,6% Provision Expenses 247 269 318 368 14,3% 197 163 -17,4% Operating Expenses 570 656 700 753 9,7% 363 386 6,6% Operating Income 476 502 555 632 9,9% 30
Banco de Crédito e Inversiones — Q2 2015 Earnings Presentation on 6ix