Vtb · RUS:VTBR
Vtb — FY2013 Earnings Presentation
18 slides from Vtb's earnings presentation, Apr 2, 2014
Slide 1: VTB Group FY'2013 Results
VTB Group FY’2013 Results Herbert Moos CFO, Deputy Chairman of the Management Board Jyrki Talvitie SVP, Head of Investor Relations April 2, 2014 1 © VTB 2011
Slide 2: Forward-looking statements disclaimer
Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of JSC VTB Bank ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous as
Slide 3: VTB Group FY'2013 Highlights
VTB Group FY’2013 Highlights Key selected items (in RUB bn) 2013 2012 Change Net interest income 323.0 246.0 31.3% Net fee and commission income 55.4 48.3 14.7% Operating income before provisions 429.3 358.7 19.7% Provision charge for impairment of debt financial assets (96.9) (59.4) 63.1% Staff cos
Slide 4: Net Profit and Operating Income
Net Profit and Operating Income Net profit Y-o-Y RUB bn RUB bn +11% +79% 100.5 90.6 54.5 26.6 30.4 23.3 18.4 15.7 11.9 10.3 1Q'12 2Q'12 3Q12 4Q12 1Q'13 2Q'13 3Q'13 4Q'13 FY'12 FY'13 Operating income before provisions (1) Y-o-Y RUB bn RUB bn +41% +20% 148.0 429.3 16.5 55.4 358.7 Net fee and 105.3 48.
Slide 5: Interest Income and Average Yields
Interest Income and Average Yields Interest income and average yields Y-o-Y RUB bn RUB bn 11.2% 10.8% 10.5% 10.7% 10.9% 10.8% 10.7% Yield on customer 10.5% 10.3% loans 9.9% Yield on total interest 9.9% 9.6% 9.7% 9.5% 9.6% bearing assets 9.5% 9.5% 9.5% 9.3% 9.0% +20% +24% 185.6 686.3 167.4 176.1 155.
Slide 6: Interest Expense and Cost of Funds
Interest Expense and Cost of Funds Interest expense and cost of interest bearing liabilities Y-o-Y RUB bn RUB bn 6.0% 5.7% Cost of other interest 5.7% 5.6% 5.5% 5.5% 5.5% bearing liabilities (1) 5.5% 5.4% 5.3% 5.2% 5.3% 5.2% Cost of total interest 5.1% 5.1% 5.1% 5.2% 5.2% 5.2% bearing liabilities 5.
Slide 7: Strong Net Interest Income Supported by NIM Expansion
Strong Net Interest Income Supported by NIM Expansion Net interest income Y-o-Y RUB bn RUB bn +31% +25% 323.0 89.8 246.0 82.9 71.7 73.8 76.5 58.4 61.9 54.0 1Q'12 2Q'12 3Q12 4Q12 1Q'13 2Q'13 3Q'13 4Q'13 FY'12 FY'13 Net interest margin (1) Y-o-Y % % +10 bp +30 bp 4.7% 4.5% 4.6% 4.5% 4.5% 4.1% 4.4% 4.2
Slide 8: Solid Fee and Commission Income Growth
Solid Fee and Commission Income Growth Fee and commission income breakdown Y-o-Y RUB bn RUB bn +14% +15% 20.5 70.3 7% 18.0 18.0 61.2 5% Other fee and 16.0 2% 17.1 commission income 7% 16% 4% 12% 4% 14.6 3% 13% 14.7 13% 10% Commission on 10% 15% 5% 9% 6% 13% operations with securities 12.6 10% 14% 15
Slide 9: Cost of Risk Reflects Macroeconomic Environment
Cost of Risk Reflects Macroeconomic Environment Provision charge for loan impairment Y-o-Y RUB bn RUB bn 1.7% 1.6% 2.0% 1.5% 1.5% 1.6% 1.0% 1.0% 1.1% 1.2% +62% Cost of risk 96.2 +61% 59.5 Provision charge 28.6 for loan impairment 22.0 22.2 23.4 20.4 12.6 14.5 12.0 1Q'12 2Q'12 3Q12 4Q12 1Q'13 2Q'13 3
Slide 10: Loan Book Quality
Loan Book Quality Provision for loan impairment NPLs (90+) RUB bn RUB bn 6.1% 6.2% 6.3% 6.2% 5.5% 5.4% 5.4% 5.5% 5.4% 4.7% +12% +9% -7% -7% 372 389 361 323 345 325 337 313 288 298 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 Allowance for loan i
Slide 11: Staff and Administrative Expenses
Staff and Administrative Expenses Staff costs and administrative expenses Y-o-Y RUB bn RUB bn 2.9% 2.9% 2.4% 2.6% 2.6% 2.4% 2.6% 2.5% 2.6% 2.6% Cost / Assets 64.4% 50.5% 49.1% 50.3% 50.6% 55.1% 53.5% Cost / Income ratio 43.1% 48.2% 41.7% +16% +16% 210.9 181.2 61.7 Administrative 53.0 51.4 51.9 92.1
Slide 12: Financial Instruments
Financial Instruments Breakdown by type Breakdown by classification RUB bn RUB bn +9% +9% 1,092 1,043 1,092 1,043 1,006 1,014 1,006 1,014 930 10% 8% 930 14% 8% 8% 11% 16% 10% 13% 24% 25% 10% 26% 29% 27% 8% 33% 42% 42% 10% 8% 6% 48% 46% 11% 56% 58% 59% 57% 52% 57% 47% 44% 36% 41% 31-Dec-12 31-Mar-13
Slide 13: Balance Sheet Structure and BIS Capital
Balance Sheet Structure and BIS Capital Assets structure Liabilities structure RUB bn RUB bn +18% +18% +3% +3% 8,769 8,356 8,487 7,821 Due to banks 5% 7,479 7,592 and other 7,603 5% Cash and mandatory 7,416 8% 12% 6,820 16% borrowed funds 12% reserves 6,650 17% 17% 9% 13% 5% 8% 17% Collateralised 6%
Slide 14: Loan Portfolio and Customer Deposits
Loan Portfolio and Customer Deposits Loans and advances to customers Customer deposits RUB bn RUB bn corporate retail corporate retail +24% +14% +5% +0.4% 6,330 6,019 5,637 5,085 5,293 4,313 4,324 4,341 3,813 3,887 76% 76% 59% 77% 62% 61% 78% 77% 62% 61% 38% 39% 38% 39% 41% 22% 23% 23% 24% 24% 31-De
Slide 15: Performance of Corporate Banking
Performance of Corporate Banking Corporate loan portfolio Corporate liabilities RUB bn RUB bn Current accounts Term deposits +21% +4% +7% 4,809 4,603 -4% 4,326 3,965 4,100 2,683 2,658 2,548 2,379 2,357 33% 27% 32% 34% 39% 67% 73% 66% 61% 68% 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Dec-1
Slide 16: Performance of Retail Banking
Performance of Retail Banking Retail loan portfolio Retail liabilities RUB bn RUB bn +25% +36% +8% +7% 1,793 1,630 1,666 1,521 1,529 19% 1,417 1,434 17% 1,311 18% 18% 1,120 1,193 21% 56% 57% 57% 56% 56% 83% 81% 9% 82% 82% 9% 9% 79% 9% 9% 34% 34% 35% 35% 35% 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 31
Slide 17: Segment Analysis
Segment Analysis Corporate – Investment Banking Segment result / net profit RUB bn RUB bn FY’12 FY’13 +24% +55% 216.5 +1% 174.4 (44.0) +55% (28.4) (83.3) 80.8 (82.6) 52.1 Operating income before Provision charge Staff & admin expenses FY’12 FY’13 provisions Retail Business (1) Segment result / net p
Slide 18: Investor Relations
Investor Relations Tel: +7 (495) 775-71-39 e-mail: investorrelations@vtb.ru 18 © VTB 2014