Banca Ifis S.p.a. · MIL:IF
Banca Ifis — Q3 2017 Earnings Presentation
17 slides from Banca Ifis's earnings presentation, November 2017
Slide 1: 3Q 2017 Financial Results
BANCA 3Q 2017 FINANCIAL RESULTS VALUE TO YOUR BUSINESS BANCA IFIS 5 : ; www.bancaifis.com
Slide 2: Highlights
HIGHLIGHTS (Million Euro) Net profit 149,1 (66,3 at 30/09/2016) +125% Equity 1.338,7 (1.228,6 at 01/01/2017*) +9,0% Funding 7.526,8 (7.037,7 at 31/12/2016) +6,9% Loans 5.961,3 (5.928,2 at 31/12/2016) +0,6% GROUP KPIs 30/09/2017 30/09/2016 Cost of credit SMEs -19 b.p. +80** b.p ** 31/12/2016 EPS 2,79
Slide 3: Net Banking Income 2016 Restated by Quarter
NET BANKING INCOME 2016 RESTATED by quarter (NBI) (Million Euro) Group’s 2016 NBI recalculated with the new Internal Transfer Rates (TIT). Due to external (market rates) and internal (composition and funding rates) changes, it has been necessary to revise and update the TIT calculation method. Trade
Slide 4: Margins (NBI and NPFA)
MARGINS (NBI and NPFA*) (Million Euro) NBI 9M 2017 Breakdown by segment NBI: 371,3 35,0% 29,2% 29,3% 30,0% 26,3% 25,0% 20,0% ( in 237,7 9M 2016) +56,2% 15,0% 12,5% 10,0% NPFA*: 391,7 5,0% 3,2% 0,0% -5,0% -0,5% Trade Rec. NPL Area Tax Rec.. Corp. Bank Leasing G&S (218,2 in 9M 2016) +79,5% Data Trade
Slide 5: Trade Receivables Segment
INSIGHT ON TRADE RECEIVABLES SEGMENT 9M17 data Turnover Clients NBI/Loans 9m 17 vs 9m 16 Rolling 8 bln +6,2% 5,44% +6,3% 5.238 Loans -11,6% vs 31/12 Net provisions Cost of credit NPL/Loans -14,2 mln 73 bp Coverage 88,5% 5
Slide 6: Corporate Banking Segment
INSIGHT ON CORPORATE BANKING SEGMENT 9M17 data New Loans Loans 327,7 mln 1.011,5 mln Reversal PPA +11,7% 79,0 mln Cost of credit NPL/Loans -273 bp Provisions Coverage Positive due to release 39,0 of previous provision 91,8% and reversal of PPA Positive 6
Slide 7: Leasing Segment
INSIGHT ON LEASING SEGMENT 9M17 data Clients Market share Loans 1.323,5 mln 71.658 3,6% +7,1% Reversal PPA NBI /Loans Cost of credit Rolling 7,9 mln 4,0% 48 bp 7
Slide 8: Insight on NPL Area
INSIGHT ON NPL AREA 9M17 data Collection NPL Gross Portfolio Book Value Book Value/NPL Portfolio Internal and External Non Judicial Recovery Department Payment Plans 572 mln 112 mln 20% Order of Assignment Wage 270 mln 95 mln 35% Legal Recovery Department Judicial ongoing workout 2.091 mln 254 mln 1
Slide 9: Insight on Area NPL
INSIGHT ON AREA NPL 9M17 data New portfolio Net Book acquisition Value 4,0 bln Portfolio 715,9 mln +27,4% Gross Book Value Portfolio 12,5 bln 9
Slide 10: Insight on Tax Receivables
INSIGHT ON TAX RECEIVABLES 9M17 data Net Book Value New portfolio Portfolio acquisition 132,3 mln 40,7 mln +6,1% Cash-in NBI/Loans 50,4 mln Rolling 11,8% 10
Slide 11: Net Profit
NET PROFIT (Million Euro): 9m 17 data 9m 9m % Personnel 149,1 2017 2016 Change (66,3 in 9M 2016 ) 73,8 41,9 +76,0% +125,0% Other 9m 9m % expenses 2017 2016 Change 104,1 70,5 +47,7% 20,4 33,2 186,2 149,1 56,4 9m 9m 371,3 2017 2016 Cost/Income 50,1% 49,9% Tax rate 27,4% 33,4% NBI Provisions Operating
Slide 12: Balance Sheet – Asset Structure
BALANCE SHEET – ASSET STRUCTURE (Million Euro) % change 30.09.2017 vs 31.12.2016 Loans to customers Total assets of which: PA 14,1% 5.961,3 +0,6% 2.732,8 Trade receiv. 1.011,5 Corp. Banking 9.378,8 1.323,5 Leasing 715,9 Area NPL PS 85,9% 132,3 Tax receiv. 45,2 G&S AFS + HFT 10% 5% 516,9 +22,6% Portf
Slide 13: Asset Quality & NPE Trend
ASSET QUALITY & NPE TREND (Million Euro) Net Customer Loans Trade Receivables 7.000 150 6.000 1.137 972 5.000 100 4.000 136 50 118 3.000 52 51 2.000 33 32 0 1.000 30/09/2017 31/12/2016 4.824 4.956 0 Bad Loans Past Due Exposure UTP 30/09/2017 31/12/2016 Performing Impaired 200 Corporate Banking Leasi
Slide 14: Credit Quality: SMEs Lending
CREDIT QUALITY: SMEs LENDING (Million Euro) % 9M17 data Loans to customers : 5.067,9 -3,2% 9M2017 Trade Corporate Leasing Total Receivables Banking SMEs Lending Net NPL 33,0 33,8 16,6 83,5 % Net NPL/Loans 1,2% 3,3% 1,3% 1,6% % NPE/Loans 8,1% 15,9% 2,7% 8,3% Impaired assets SMEs NPL COVERAGE 88,5% 91
Slide 15: Balance Sheet – Liabilities Structure
BALANCE SHEET – LIABILITIES STRUCTURE (Million Euro) % change 30.09.2017 vs 31.12.2016 rendimax + contomax+ Total funding corporate time depo 7.526,8 +6,9% 5.155,3 +11,6% 3% Due to banks 16% 965,2 13% +91,5% 700,3 TLTRO n.a. 68% Debt Securities Deposits Due to banks 1.224,0 Debt securities 385,4 Bon
Slide 16: Banca IFIS Group: Equity Breakdown
BANCA IFIS GROUP: EQUITY BREAKDOWN (Million Euro) EQUITY: CHANGES Net equity at 31.12.2016 1.218,8 Difference on the acquisition price of Interbanca Group 9,8 Increases 153,9 Profit for the period 149,1 Change of AFS reserve 4,5 Other 0,3 Minorities 0,0 Decreases 43,8 Dividends 43,8 Net equity at 30
Slide 17: Forward-looking statements disclaimer
This Presentation may contain written and oral “forward-looking statements”, which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on a number of assumptions, expectations, projections