Dexia Holding SA · EURONEXT:DEXB
Dexia Holding SA — Shareholder Meeting (May 2018)
33 slides from Dexia Holding SA's shareholder meeting presentation, May 16, 2018
Slide 1: Dexia Group Annual Shareholders Meeting
Dexia Group Annual Shareholders Meeting Brussels, May 16th 2018
Slide 2: Please turn off your mobile phone
Annual Shareholders Meeting Please turn off your mobile phone Photography, filming and recording is prohibited 2
Slide 3: Disclaimer
Annual Shareholders Meeting Disclaimer ■ This presentation and the information contained therein are provided for informational purposes only. No representation or warranty is made as to the adequacy, accuracy, reliability or completeness of such information. ■ This presentation does not constitute
Slide 4: Agenda
Annual Shareholders Meeting Agenda Section 1 Achievements of the Year Section 2 Financial Results 2017 Section 3 Looking Ahead Section 4 Activity of the Board and Committees Section 5 Human Resources 4
Slide 5: Agenda: Achievements of the Year
Annual Shareholders Meeting Agenda Section 1 Achievements of the Year Section 2 Financial Results 2017 Section 3 Looking Ahead Section 4 Activity of the Board and Committees Section 5 Human Resources 5
Slide 6: Achievements of the Year
Achievements of the Year Active management of the balance sheet and credit risk Favourable market conditions allowing the sale of large volumes of assets, focusing on sovereign exposures, covered bonds and loans to local public sector in the US Asset sales EUR 9.9 bn and in France, with limited loss
Slide 7: Achievements of the Year: Reducing the Group's footprint
Achievements of the Year Reducing the Group’s footprint On-going simplification of the Group’s structure Dissolution of Dexia Delaware LLC Merger of CLF Banque with DCL Deconsolidation of Dexia Crediop Ireland Sale of the participation of DCL in Dexia Israel On 19 March 2018, sale of the 58.9% stake
Slide 8: Achievements of the Year: Strengthening the operating model
Achievements of the Year Strengthening the operating model of the Group Signature of an outsourcing agreement with Cognizant On 5 October 2017, signature of a long term agreement with Cognizant to collaborate on IT and back office services Greater flexibility of the cost structure, to align the cost
Slide 9: Agenda: Financial Results 2017
Annual Shareholders Meeting Agenda Section 1 Achievements of the Year Section 2 Financial Results 2017 Section 3 Looking Ahead Section 4 Activity of the Board and Committees Section 5 Human Resources 9
Slide 10: Results 2017: Favorable evolution of exogenous factors
Annual Results 2017 Favorable evolution of exogenous factors, reinforcing the impact of managerial actions Interest rates Impacts for Dexia (Dec. 2017 vs. Dec. 2016 ) Progressive increase of interest rates over 2017, despite a slight downturn at year-end in the euro area Decrease of the net cash EUR
Slide 11: Loss of EUR -462 million recorded in 2017
Annual Results 2017 Loss of EUR -462 million recorded in 2017 Net income Group share : EUR -462 million Recurring result Accounting Non-recurring volatility elements -302 M€ -64 M€ -96 M€ EUR -89 million of Negative contribution EUR -41 million of banking taxes and of accounting losses associated wi
Slide 12: 15% decrease in total balance-sheet in 2017
Annual Results 2017 15% decrease in total balance-sheet in 2017 Reduction of the total balance-sheet by EUR – 31.8 bn in 2017, to reach EUR 180.9 bn EUR billion 212.8 -19.1 -20.0 +7.3 -0.1 180.9 -31.8 Decrease of commercial portfolios under the effect of natural amortization (EUR -9.1 bn) and sales
Slide 13: Total capital ratio at 20.4%
Annual Results 2017 Total capital ratio at 20.4% to be compared with a regulatory requirement of 9.875% Strengthening of solvency since the end of 2016 Decrease of risk weighted assets (RWA) driven by the reduction of asset portfolios, combined with the targeted sale of highly weighted assets Deduct
Slide 14: Progressive shift of funding mix to market funding
Annual Results 2017 Progressive shift of funding mix to market funding Decrease of funding need by EUR -21.7 bn Exit from Central Bank funding in 2017 EUR bn 163 10% 147 11% 10% 140 Change in net cash EUR -6.2 bn 6% collateral posted (to 26.5 bn) 42% 41% 40% 37% 49% 54% Decrease of EUR -22.4 bn comm
Slide 15: Agenda: Looking Ahead
Annual Shareholders Meeting Agenda Section 1 Achievements of the Year Section 2 Financial Results 2017 Section 3 Looking Ahead Section 4 Activity of the Board and Committees Section 5 Human Resources 15
Slide 16: Looking ahead: Balance Sheet
Looking ahead Balance Sheet Indicative1 Run Off Balance Sheet 2014-2021 For illustration purpose only Achieved Forecasts1 EUR 246 bn EUR 229 bn EUR 212 bn Natural asset amortization and asset disposals EUR 181 bn EUR ~127 bn Total assets expected to be reduced by ~48% over the period 2014 – 2021 due
Slide 17: Commercial portfolios with a good asset quality
Looking ahead Commercial portfolios with a good asset quality Key figures (EAD2 in %) Scope : Dexia Crédit Local, as at 31/12/2017 Breakdown by country Breakdown by type of counterparty Asset quality A UK US 25% 16% Local public 14% sector Sovereigns 21% 54% Germany 13% AA Italy Financial 15% BBB 16
Slide 18: Looking ahead: Solvency
Looking ahead Solvency 1 Total capital ratio 2014-2021 Projection performed in June 2017 For illustration purpose only IFRS 9 first application 22.1% 20.4% 17.2% 16.8% 19.0% 16.3% 17.0% 13.1% 13.4% 12.125 % 12.6% 9.875 % Solvency under pressure due to the structurally loss-making nature of Dexia, de
Slide 19: Positive impact of IFRS 9 first time application
Looking ahead Positive impact of IFRS 9 first time application on regulatory capital, in an amount of EUR ~2.8 bn On 1 January 2018, implementation of IFRS 9 including: − A new approach for the classification and measurement of financial assets, which is driven by the business model in which an asse
Slide 20: Agenda: Activity of the Board and Committees
Annual Shareholders Meeting Agenda Section 1 Achievements of the Year Section 2 Financial Results 2017 Section 3 Looking Ahead Section 4 Activity of the Board and Committees Section 5 Human Resources 20
Slide 21: Activity of the Board and Committees
Activity of the Board and Committees Regular meetings Number of meetings Topics regularly dealt with by the board of directors and the specialised committees: - The execution of the revised orderly 2011 2012 2013 2014 2015 2016 2017 resolution plan and the review of alternative options Board of Dire
Slide 22: Agenda: Human Resources
Annual Shareholders Meeting Agenda Section 1 Achievements of the Year Section 2 Financial Results 2017 Section 3 Looking Ahead Section 4 Activity of the Board and Committees Section 5 Human Resources 22
Slide 23: Human Resources: 2017 remuneration report
Human Resources 2017 remuneration report No change in the individual compensation of the members of the Management board Members of the Management Board, the Executive Committee and the Group Committee not entitled to variable remuneration Strict compliance with the legislative requirements regardin
Slide 24: Dexia Group Annual Shareholders Meeting
Dexia Group Annual Shareholders Meeting Brussels, May 16th 2018
Slide 25: Procédure de vote - Stemprocedure
Procédure de vote - Stemprocedure
Slide 26: Stemprocedure - Procédure de vote: insert voting card
Stemprocedure - Procédure de vote Voer uw stemkaart in Insérez votre carte de vote Barcode bovenaan en naar u gericht Code barres au-dessus face à vous 26
Slide 27: Stemprocedure - Procédure de vote: insert to red line
Stemprocedure - Procédure de vote Inbrengen tot aan de rode lijn Insérez jusqu’à la ligne rouge Het symbool verschijnt Apparition du symbole 27
Slide 28: Stemprocedure - Procédure de vote: leave card in device
Stemprocedure - Procédure de vote Laat de kaart in het stemtoestel - tussen de stemmingen - na de vergadering Laissez la carte dans le boîtier - entre les votes - après la réunion Is de kaart niet goed ingebracht, dan verschijnt er een waarschuwing Si la carte est mal insérée, un avertissement s'aff
Slide 29: Stemprocedure - Procédure de vote: after the meeting
Stemprocedure - Procédure de vote Na de vergadering Après la réunion Geef uw stemtoestel & -kaart weer af Restituez votre boîtier & votre carte 29
Slide 30: Stemprocedure - Procédure de vote: Vote
Stemprocedure - Procédure de vote Stem Votez 1 Ja / Oui 2 Nee / Non 3 Onthouding / Abstention 30
Slide 31: Stemprocedure - Procédure de vote: Vote
Stemprocedure - Procédure de vote Stem Votez 1 Ja / Oui 2 Nee / Non 3 Onthouding / Abstention 31
Slide 32: Stemprocedure - Procédure de vote: change your vote
Stemprocedure - Procédure de vote Stem Votez 1 Ja / Oui 2 Nee / Non 3 Onthouding / Abstention Om uw stem Pour modifier te wijzigen, votre vote, druk uw appuyez sur nieuwe keuze in un autre choix 32
Slide 33: Dexia Group Annual Shareholders Meeting
Dexia Group Annual Shareholders Meeting Brussels, May 16th 2018