Banca Transilvania SA · BVB:TLV
Banca Transilvania SA — Q1 2016 Earnings Presentation
23 slides from Banca Transilvania SA's earnings presentation, Apr 28, 2016
Slide 1: March 2016 Financial Results
BANCA TRANSILVANIA March 2016 Financial Results April 28th 2016
Slide 2: Disclaimer
DISCLAIMER The information contained in the present document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of this information or opinions contained her
Slide 3: Agenda
AGENDA 1 Banking Sector Dynamics 2 2015 Highlights 3 Performance in 2015 4 Overview of Business Lines 5 BT Financial Group A Financial Statements 3
Slide 4: Romanian Banking Sector – 2015
ROMANIAN BANKING SECTOR – 2015 briefing ● The Romanian banking system stays solid: ● average CAR at 17.5% in 4Q2015 ● NPL ratio at 13.6% in Dec 2015 ● The non-government loans marked an inflexion point in 2015 (up by 3% ytd), due to the re-launch of the RON component (up by 19.7% ytd), supported by
Slide 5: Bank assets expanded by 3.6% last year
BANK ASSETS expanded by 3.6% last year 2015 marked the best growth in Loan quality continues to in terms of bank assets since improve as the NPL ratio dropped 2009 dropped 7pp in 2015 total bank net assets source: NBR NPL ratio, % source: NBR 30% 40 0 377 21.9% 38 0 21.5% 25.06% 366 362 364 20.4% 20
Slide 6: Gap between RON and FCY lending
GAP BETWEEN RON AND FCY LENDING grew significantly over the first quarter Lending activity up by 2.8% YoY in the Gap between loans in LCY (dominant) first quarter and FCY grew to RON 12bn loans non-government , %YoY source: NBR 13 00 0% loans non-government , RONbn source: NBR 4% 3.0% 2.8% 12 00 0%
Slide 7: Romanian economy on an upward trend due to domestic demand
ROMANIAN ECONOMY on an upward trend due to the domestic demand GDP rose by 3.8% YoY in 2015 Strong acceleration of both the highest pace since 2008 investments and consumption GDP, %YoY source:: Statistics Office (INS) Private consumption vs. fixed 10 investments, %YoY source: Statistics Office (INS
Slide 8: High macro-financial stability
HIGH MACRO-FINANCIAL STABILITY before the introduction of the Fiscal Act Decline of the consumer prices due to C/A and public finance deficits close VAT cut to record low levels consumer prices, %YOY source: Statistics Office (INS) C/A vs. budget deficits (%GDP) source: NBR, Ministry of Finance 7.0
Slide 9: Banca Transilvania's business development and financial performance in Q1 2016
Banca Transilvania’s business development and financial performance In Q1 2016 9 BANKING SECTOR DYNAMICS Q1 2016 highlights PERFORMANCE IN Q1 2016 OVERVIEW OF BUSINESS LINES BT FINANCIAL GROUP
Slide 10: Q1 2016 Highlights
Q1 2016 Highlights Mil. RON Q1 2016 Q1 2015 ∆ EoY 2015 Operating income 599.1 541.3 10.7% PROFITABILITY Operating expenses (270.8) (228.5) 18.5% Gross profit before provisions 328.3 312.8 5.0% Net profit 228.5 151.5 50.8% EPS RON 0.063 0.050 25.2% Cost of risk (%) 1.32% 2.84% -53.0% 1.9%* NIM (%) 3.
Slide 11: Business Performance 2016 at a glance
BUSINESS PERFORMANCE 2016 at a glance Total assets at RON 46.1 bn ● Enhanced ALM for higher efficiency ● Strong capital base, supporting organic and non organic growth, after Capital adequacy ratio at 18.2% special dividend payout Net fees and commissions at RON ● Driven by increased number of opera
Slide 12: Profit & Loss Account Structure
PROFIT&LOSS ACCOUNT STRUCTURE +68,4% 428 Q1 2015 Q1 2016 +18,3% 271 +50,8% 254 229 229 -88,4% -56,1% +16,2% 157 152 136 117 100 +22,3% +56,8% 60 37 40 30 26 18 Net interest Net fee and Net trading Other net Operating Cost of risk Income tax Net profit income commission income operating expenses inco
Slide 13: Loan Structure
LOAN STRUCTURE Loans to households in line with Loans to companies in line with EOY EOY 2015 2015 Loans to Households, RONbn Loans to Companies, RONbn 13,64 13,76 14,10 14,25 0,04 0,05 12,53 3,06 2,96 5,28 5,53 2,52 7,49 0,04 2,85 11,29 11,04 10,01 8,32 8,18 4,60 Mar’15 Dec’15 Mar’16 Mar’15 Dec’15 M
Slide 14: Deposit Structure
DEPOSIT STRUCTURE Deposits from households Deposits from companies continue the growth path decreased in Q1 2016 Deposits from Households, RONbn Deposits from Companies, RONbn 23,3 23,6 15,1 13,5 19,2 5,1 5,5 11,0 5,2 3,1 4,6 3,4 18,2 18,0 16,0 9,9 9,0 7,6 Mar’15 Dec’15 Mar’16 Mar’15 Dec’15 Mar’16 C
Slide 15: NPL Ratio at 9.04%
NPL RATIO AT 9.04% 127% 122% 119% 120% 108% 46% 45% 40% 42% 33% ● Banca Transilvania continued to provide a sound coverage ratio for its PAR 90 portfolio 75% 77% 81% 79% 78% 12 13 14 15 Q1 16 NPL coverage with mortgage collaterals NPL coverage with provisions *For Financial Statements purposes the g
Slide 16: Highlights – business lines
Highlights – business lines Retail • BT 24 and mobile banking remain top priority • Banca Transilvania has a 2.6 million card portfolio reaching a market share of 19% SME & Corporate • Banca Transilvania continued its specific focus on the SME business sector, processing over 3,870 new loans in Q1 2
Slide 17: Banca Transilvania Financial Group
BANCA TRANSILVANIA FINANCIAL GROUP full array of financial services As of 31.03.2016: Total assets: 46.1 RON bn Total assets: 83 RON mn. Total assets: 110 RON mn. Total assets: 81 RON mn. AuM: 2,590 RON mn. Total assets: 386 RON mn. 17 BANKING SECTOR DYNAMICS Q1 2016 highlights PERFORMANCE IN Q1 201
Slide 18: Q1 2016 Highlights – Consolidated figures
Q1 2016 Highlights – Consolidated figures Mil. RON Q1 2016 Q1 2015 ∆ Operating income 620.7 561.5 10.6% PROFITABILITY Operating expenses (288.4) (240.9) 19.7% Gross profit before provisions 332.3 320.6 3.7% Net profit 231.1 159.1 45.2% EPS RON 0.06 0.05 20.5% Cost of risk (%) 1.1% 2.8% -60.1% ROE (%
Slide 19: Annex I Income Statement – Q1 2016
ANNEX I INCOME STATEMENT – Q1 2016 IFRS, individual, RONmn Q1 2016 Q1 2015 ∆ Net interest income 427.5 253.8 68.4% Net fee and commission income 116.5 100.3 16.2% Net trading income 36.9 30.2 22.3% Other net income 18.1 156.9 -88.4% Operating income 599.1 541.3 10.7% Personnel expenses (151.5) (118.
Slide 20: Annex II Balance Sheet – Q1 2016
ANNEX II BALANCE SHEET – Q1 2016 Dec-15 IFRS, individual, RON mn Mar-16 ∆ (audited) Cash & cash equivalents 4,523.6 5,104.9 -11.4% Placements with banks 1,979.79 3,782.5 -47.7% Loans to customers, net 25,494.8 25,107.5 1.5% T-bills & securities 13,211.5 12,389.4 6.6% Fixed assets 412.1 409.5 0.6% Pa
Slide 21: Annex III Income Statement – Q1 2016
ANNEX III INCOME STATEMENT – Q1 2016 IFRS, consolidated, RONmn Q1 2016 Q1 2015 ∆ Net interest income 438.6 263.2 66.6% Net fee and commission income 124.0 106.1 16.8% Net trading income 31.3 28.1 11.0% Other net income 26.9 164.0 -83.6% Operating income 620.7 561.5 10.6% Personnel expenses (158.3) (
Slide 22: Annex IV Balance Sheet – Q1 2016
ANNEX IV BALANCE SHEET – Q1 2016 IFRS, consolidated, RONmn Mar-16 Dec-15 ∆ Cash & cash equivalents 4,527.7 5,109.1 -11.4% Placements with banks 2,232.2 3,797.7 -41.2% Loans to customers, net 25,605.6 25,225.6 1.5% T-bills & securities 13,006.8 12,416.9 4.8% Fixed assets 540.5 527.1 2.5% Participatio
Slide 23: Banca Transilvania HQ
Banca Transilvania HQ 8, G. Baritiu Street, Cluj-Napoca 400027, Romania + 40 264 407 150 + 40 264 407 179 /FAX investor.relations@btrl.ro www.bancatransilvania.ro/en/investor-relations www.bancatransilvania.ro www.bt24.ro facebook.com/BancaTransilvania twitter.com/b_Transilvania # linkedin.com/compa