Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Q1 2016 Earnings Presentation
30 slides from Banco De Credito E Inversiones's earnings presentation, May 2016
Slide 1: Corporate Presentation 1Q 2016
Corporate Presentation 1Q 2016 May 2016
Slide 2: Contents
CONTENTS Main Macroeconomic Indicator Chilean Financial System Banco de Crédito e Inversiones
Slide 3: Main Macroeconomic Indicators
Main Macroeconomic Indicators GDP (% YoY growth) Investment (% YoY growth) 5,8 5,5 4,0 15,0 11,6 11,6 1,9 2,1 1,6 2,2 0,2 2011 2012 2013 2014 2015 2016 E -1,5 -4,2 2010 2011 2012 2013 2014 2015 2016 E Private Consumption (% YoY growth) Inflation and Central Bank Monetary Policy Rate (TPM) (%) 10,8 5
Slide 4: Chilean Macroeconomic Indicators
CHILEAN MACROECONOMIC INDICATORS STRICTPLY PRIVATE & CONFIDENTIAL
Slide 5: Financial System
Financial System Strong Growth Over the Years (US$ Millions) Total Loans (*) Corporate & Interbank Loans (*) 9,8% 10,6% 8,9% 7,5% 202.024 202.841 121.078 120.689 182.876 184.820 111.719 112.319 164.602 102.187 149.315 93.735 2012 2013 2014 2015 1Q15 1Q16 2012 2013 2014 2015 1Q15 1Q16 Consumer Loans
Slide 6: Banco de Crédito e Inversiones
BANCO DE CRÉDITO E INVERSIONES
Slide 7: Shareholders and Corporate Governance
Shareholders and Corporate Governance Shareholder Structure as of March 2016 Since Luis Enrique Yarur Rey (President) 1991 Shareholder Dionisio Romero Paoletti, 2010 Float Francisco Rosende Ramírez (I) 2010 Agreement 63.15% 30.49% Board of José Pablo Arellano Marín 2011 Directors Mario Gómez Dubravc
Slide 8: Bci Highlights - Profitable and Financially sound
Bci Highlights - Profitable and Financially sound March 2016 In US$ Millions (*) Market Share Total Assets $ 43.946 Total Loans $ 30.467 14,19% Net Income (LTM) ** $ 485 14,79% Market Capitalization $ 4.481 Tier I BIS ratio Capital Ratios 8,74% 12,27% Moody's S&P Fitch International Credit Ranking A
Slide 9: Corporate Strategy
Corporate Strategy Strategic Priorities 1 2 3 Consistent Profitability Customer – Focused Enhance Leadership and with Increased Experience and Digital Colaboration throughout Productivity Transformation the Organisation
Slide 10: Corporate Strategy
Corporate Strategy 1 1 Digital tranformation to achieve higher efficiency and to encourage flexibility and iteration in processes to simplify the operation Consistent Profitability Consolidate risk culture and best-in-class practice and Growth with Continue to strenghten our capital position to supp
Slide 11: Our Recognition is Result of Our Work in Our Strategic Pillars
Our Recognition is Result of Our Work in Our Strategic Pillars Banking Awards Customer Experience Innovation and digital banking Corporate Governance and Sustainability
Slide 12: Market Shares
Market Shares 3rd Largest Privately Owned Bank in Chile Total Assets Total Loans 14,32% 14,19% Bci Bci 15,13% Bank 1 17,25% Bank 1 Others, Others, 62,25% 63,21% 39,1% 16,95% Bank 2 36% Bank 2 17,89% Bank 3 Bank 3 15,84% 13,89% Non Interest Bearing Deposits (NIBD) Net Income 19,94% 14,79% Bci Bci 19,
Slide 13: National and International Presence
National and International Presence Tactical International Coverage Combined with one of the Largest National Distribution Channels 362 National Commercial Contact Points (CCP) Presence in 6 countries NORTH Regions I to IV and XV 55 CCP CENTER Regions V, VI and RM 230 CCP SOUTH Regions VII to XII an
Slide 14: Loan Portfolio
Loan Portfolio Bci has Outperformed the Financial System during 2012-2016 (US$ Millions) CNB BCI Total Loans Corporate & Interbank Loans 9,8% 10,6% 8,9% 7,5% 26,3% 26,1% 15,6% 30.315 30.467 14,0% 20.059 20.016 24.042 24.118 21.693 16.124 15.906 19.612 13.509 14.850 2012 2013 2014 2015 1Q15 1Q16 2012
Slide 15: Loan Portfolio
Loan Portfolio Well-diversified and Balanced Loan Portfolio Bci Commercial CIB Commercial CIB Finance Retail Banking SMEs Division Division Banking Individuals Revenues < UF Revenues > UF 80.000 Corporate and Private 80.000 (up to US$ 58.6 Banking (up to US$ 3.1 million*) million*) Loans by Segment
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 Loans (Bci) Allowances/ Total Loans (Financial System) Commercial Allowances/ Commercial Loans (Financial System) 2,81% 2,93% 2,90%
Slide 17: Risk Indicators
Risk Indicators Conservative Risk Management Policies NPL Ratio (NPLs/Total Client Loans) NPL Ratio (Commercial Loans) Bci Financial System Bci Financial System 2,38% 2,57% 2,52% 2,20% 2,24% 2,13% 1,88% 1,98% 2,21% 1,62% 2,06% 2,12% 1,95% 2,13% 2,10% 1,50% 1,47% 1,56% 1,74% 1,68% 1,72% 1,51% 1,55% 1
Slide 18: Strong Time Deposit Growth with Retail Customer Base
Strong Time Deposit Growth with Retail Customer Base Non Interest Bearing Deposits & Time Deposits (US$ million) 30,5% 75,8% 8,8% 22,9% 12.014 11.789 6.856 6.705 Non Interest 5.402 5.853 Bearing Deposits 12.285 13.888 14.696 Time Deposits 10.783 11.507 11.954 2012 2013 2014 2015 1Q 2015 1Q 2016 Loca
Slide 19: Profitability
Profitability Bci has outperformed the Financial System during 2012-2016 NIM (*) Fee income ratio (Net Interest Margin/ Average Interest Earning Assets) (Net Fees/ Net Fees + Net Interest Margin) 30, 00% 24,17% 23,12% 22,64% 22,77% 4,21% 4,49% 3,93% 25, 00% 21,65% 20,75% 4,14% 4,00% 3,71% 20, 00% 4,
Slide 20: Profitability
Profitability Sustained and Profitable Growth Net Income and Market Share (US$ Million) 6,84% 600 512 494 20,00% 448 -7,57% 18,00% 500 405 400 Net Income 16,00% 16,70% 17,17% 15,54% 300 16,17% Market Share 14,00% 200 14,49% 14,98% 119 110 100 12,00% 0 10,00% 2012 2013 2014 2015 1Q 2015 1Q 2016 ROAA
Slide 21: Capitalization
Capitalization Bci Capitalization Well Above Regulatory Requirements 13,60% 13,44% 13,78% 13,66% 12,27% Regulatory Capital / Consolidated 12,00% Risk weighted assets Basic Capital / Total Assets 7,04% 7,14% 7,19% 7,18% 6,30% 6,40% Required by Sbif (8%) Required by Sbif (3%) 2012 2013 2014 2015 1Q 20
Slide 22: City National Bank of Florida
City National Bank of Florida
Slide 23: Simulation of Bci stand alone and CNB
Simulation of Bci stand alone and CNB CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Cash 2,197 429 0 2,627 Securities 3,591 1,844 0 5,436 Loans and receivables net 25,696 4,205 0 29,902 (**) Other Financial Instruments 1,025 85,330 -839 271 Fixed Assets 339 77 0 416 Other Assets 4,829 0,3
Slide 24: Simulation of Bci stand alone and CNB
Simulation of Bci stand alone and CNB CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Net Interest Income 286 48 335 Net Service Fee Income 83 4 88 Operating Income 369 53 422 Other Operating Income 23 3 26 Provision for loan losses -64 -1 -66 Operating Income, net of loan losses, 328 55 38
Slide 25: Bci Continues to Generate Value for Its Shareholders
Bci Continues to Generate Value for Its Shareholders through Profitable and Healthy Growth Loans • Strong Loan growth of 26.3% YoY. Includes City National Bank of Florida NIM • NIM of 3.71%. Better than the financial system (3.67%) Credit Risk • NPL of 1.55%. Better than the financial system (1.96%)
Slide 26: Thank You
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”, “believe”, “expect”, “pla
Slide 27: Balance Sheet
Balance Sheet US$ million (*) 2012 2013 2014 2015 CAGR 1Q15 1Q16 %D 2012-2015 Cash 2.179 1.884 2.311 1.900 -4,47% 1.752 2.627 49,91% Securities 2.978 2.951 3.116 5.534 22,94% 3.061 5.436 77,57% Loans 19.612 21.692 24.041 29.770 14,93% 23.626 29.902 26,56% Other Financial Instruments 103 120 151 393
Slide 28: Balance Sheet
Balance Sheet CLP$ million (*) 2012 2013 2014 2015 CAGR 1Q15 1Q16 %D 2012-2015 Cash 1.459.619 1.261.766 1.547.758 1.272.552 -4,47% 1.173.559 1.759.318 49,91% Securities 1.994.900 1.976.887 2.086.992 3.706.721 22,94% 2.050.290 3.640.746 77,57% Loans 13.135.803 14.529.469 16.102.488 19.939.945 14,93%
Slide 29: Financial Results
Financial Results CAGR US$ million (*) 2012 2013 2014 2015 1Q15 1Q16 %D 2012-2015 Net Interest Income 889 969 1.147 1.195 10,40% 266 335 25,71% Net Service Fee Income 283 291 317 350 7,30% 78 88 11,61% Operating Income 1.172 1.260 1.463 1.545 9,70% 345 422 22,50% Other Operating Income 189 230 212 2
Slide 30: Financial Results
Financial Results CAGR CLP$ million (*) 2012 2013 2014 2015 1Q15 1Q16 %D 2012-2015 Net Interest Income 595.183 649.025 767.979 800.505 10,38% 178.257 224.094 25,71% Net Service Fee Income 189.694 195.215 212.213 234.270 7,29% 52.569 58.671 11,61% Operating Income 784.877 844.240 980.192 1.034.775 9,
Banco de Crédito e Inversiones — Q1 2016 Earnings Presentation on 6ix