Banco Bilbao Vizcaya Argentaria, S.a. · BME:BBVA

Banco Bilbao Vizcaya Argentaria — Q1 2015 Earnings Presentation

41 slides from Banco Bilbao Vizcaya Argentaria's earnings presentation, Apr 30, 2015

  1. Slide 1: First quarter results 2015

    Angel Cano, BBVA^s President & Chief Operating Officer Madrid, April 29th 2015 First quarter results 2015

  2. Slide 2: Disclaimer

    Disclaimer This document is only provided for information purposes and does not constitute, nor must it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities

  3. Slide 3: Catalunya Caixa Closing Manageable

    Catalunya Caixa Closing Manageable Core capital impact of 55 bps EPS: neutral contribution in 2015, accretive in 2016 and €300Mn average annual contribution to net attributable profit from 2018 Doubling market share in Catalonia and gaining 1.5 million customers Cost synergies of 40% of Catalunya Ca

  4. Slide 4: 1Q 2015 Highlights

    NPL ratio 5.6% Core Capital CRD IV Leverage ratio 6.2% (Fully-loaded) 12.7% (Phased-in) 1Q 2015 Highlights: Income growth (1Q15 vs 1Q14) Gross Income Digital Transformation Risk indicators improving Sound capital position Digital Sales Coverage ratio 65% 10.8% (Fully-loaded) +16.2% Note: In order to

  5. Slide 5: Earnings: Growth in net interest income

    Excluding FX effect +17.0% (CHART) Earnings: Growth in net interest income Net interest income 1Q15 vs 1Q14 Growth in all regions Note: figures exclude Venezuela (Constant €m) +9.3%

  6. Slide 6: Upward trend in revenues

    Note: figures exclude Venezuela Upward trend in revenues... (CHART) +9.0% (Constant €m) +8.4% +16.2% Gross income 1Q15 vs 1Q14 Excluding FX effect

  7. Slide 7: ... and costs under control growing slower than revenues

    ... and costs under control growing slower than revenues ... Note: figures exclude Venezuela +9.6% Costs 1Q15 vs 1Q14 Excluding FX effect (CHART) Gross income vs costs YoY (%) (Constant €m)

  8. Slide 8: ... resulting in a significant operating income growth

    (CHART) ... resulting in a significant operating income growth Note: figures exclude Venezuela Operating income 1Q15 vs 1Q14 Excluding FX effect (Constant €m) +23.5% +15.6%

  9. Slide 9: Cost of risk remains stable

    (CHART) Cost of risk remains stable Loan-loss + real estate provisions €m Cost of risk YTD (%) (%) Provisions change mix Note: figures exclude Venezuela 47% 53% 63% 77%

  10. Slide 10: In summary, growth earnings cycle continues

    €m Note: The P&L is presented this way to show the performance of recurring business. The reconciliation to the income statement is shown on pages 42-43 of the financial information filed today with the CNMV. Income growth Cost control Corporate operations In summary, growth earnings cycle continues

  11. Slide 11: Risk: indicators continue to improve

    Risk: indicators continue to improve Excl. Real Estate NPL ratio (%) Coverage ratio (%) - €2.2 bn NPLs €bn 59% 65% 66% Excl. Real Estate 16.8 15.8 15.8 Excl. Real Estate 4.6% 4.1% 3.9%

  12. Slide 12: Capital

    Capital Leverage ratio 10.8% (Fully-loaded) 12.7% (Phased-in) 6.2% (Fully-loaded) Core Capital CRD IV High Quality Capital The highest RWA density ratio of the European peer group (52%) Capital Management €1.5bn AT1 issue Expected manageable TLAC impact 1Q15 Pro-forma* Strong & Resilient Regulatory

  13. Slide 13: Digital Transformation Framework

    Digital Transformation Framework

  14. Slide 14: Digital transformation

    (CHART) (CHART) Figures including Garanti Bank. Jan.15 for South America and Mar.15 for Spain, Mexico, Garanti and USA Online banking satisfaction (Spain) Mobile banking satisfaction (Spain) #1 #1 Traditional products digitalization: mortgages, one click loan Native products launches: Link, NBA AmEx

  15. Slide 15: Business Areas

    s BBVA Resuts 1015 Ap 26h 2018 Business:Areas

  16. Slide 16: Banking activity in Spain

    (CHART) Business activity (YoY and QoQ chg) (CHART) Results (€m) (CHART) NII + fees Gross income Operating income Banking activity in Spain Customer funds +5.3% +1.9% +3.2% (CHART) YoY QoQ (CHART) YoY QoQ Lending* * Gross loans and advances to customers Note: Activity excludes repos

  17. Slide 17: Banking activity in Spain: Risk

    Risk Banking activity in Spain Risk Loan-loss provisions and cost of risk (€m, %) (CHART) NPLs (€ bn) NPL ratio Risk indicators (%) Coverage ratio -10%

  18. Slide 18: Banking activity in Spain: Income Statement

    Income Statement (€m) Banking activity in Spain More dynamic new loan production Cost control management Ongoing digital transformation plan

  19. Slide 19: Real estate activity in Spain

    (CHART) Real estate activity in Spain Net attributable profit (€m) Net exposure* (€ bn) -12% (CHART) -37% Positive trends Housing sales continue to grow Price stabilization Upturn in residential mortgages Home built inventory reduction *Net exposure according to Bank of Spain's "RE transparency scop

  20. Slide 20: USA

    Lending* +12.2% +15.3% Customer Funds Business activity (YoY, in constant €) (CHART) (CHART) (CHART) USA Results (Constant €m) NII + fees Gross income Operating income +1.5% +3.7% +10.1% * Gross loans and advances to customers Note: Activity excludes repos

  21. Slide 21: USA: Risk

    Risk NPL and coverage ratios (%) Loan-loss provisions and cost of risk (Constant €m, %) (CHART) NPL ratio Coverage ratio USA

  22. Slide 22: USA: Income Statement

    Income Statement (Constant €m) USA Economic growth continues at a solid pace ? Strong operating income DFAST & CCAR results demonstrate resilience Digital M&A: Spring Studio

  23. Slide 23: Mexico

    Mexico (CHART) (CHART) (CHART) Lending* +14.1% +14.5% Customer Funds Business activity (YoY, in constant €) Results (Constant €m) NII + fees Gross income Operating income +5.8% +5.8% +5.8% * Gross loans and advances to customers Note: Activity excludes repos

  24. Slide 24: Mexico: Risk

    Risk NPL ratio Coverage ratio (CHART) NPL and coverage ratios (%) Loan-loss provisions and cost of risk (Constant €m, %) Mexico

  25. Slide 25: Mexico: Income Statement

    Income Statement (Constant €m) Mexico Double-digit business activity Stable risk indicators Leader and bank of reference in Mexico

  26. Slide 26: South America ex Ven

    +14.2% South America ex Ven (CHART) (CHART) (CHART) Lending* Customer Funds Business activity (YoY, in constant €) Results (Constant €m) NII + fees Gross income Operating income +12.8% +13.9% +12.5% +11.0% Note: In order to explain more clearly the evolution of the area^s income statement, figures h

  27. Slide 27: South America ex Ven: Risk

    Risk NPL ratio NPL and coverage ratios (%) Loan-loss provisions and cost of risk (Constant €m, %) Coverage ratio South America ex Ven (CHART)

  28. Slide 28: South America ex Ven: Income Statement

    Income Statement (Constant €m) South America ex Ven The area will continue to be a relevant contributor to the Group The Andean region positioning itself as the main growth lever Venezuela: limited contribution to P&L

  29. Slide 29: Turkey

    250 Gross income +8.9% 140 Operating income +8.4% 86 Net attributable profit +12.2% 260 NII + fees +26.2% Constant €m YoY 1Q15 Results 2015 GDP growth expected to be higher than the 2014 2.9% Garanti Highlights Successful customer spread management Standing out for its asset quality High LT growth p

  30. Slide 30: First quarter results 2015

    Angel Cano, BBVA^s President & Chief Operating Officer Madrid, April 29th 2015 First quarter results 2015

  31. Slide 31: Annex

    Annex

  32. Slide 32: Gross income: Breakdown

    Gross income: Breakdown (CHART) 31% Gross Income 3M15 12% 4% 31% Mexico 1,752 €m 19% South America 1,065 €m 3% Note: ex corporate activities Note: figures excluding Venezuela

  33. Slide 33: Capital: Core capital fully-loaded evolution 2015

    (CHART) Capital: Core capital fully-loaded evolution 2015 Core capital CRD IV Fully-loaded Group BBVA (%) +41 bp Note: Net earnings (net of dividends) and organic RWAs exclude FX impact. All FX impacts (excluding VZ) are included in "Others".

  34. Slide 34: Income statement BBVA Group

    Income statement BBVA Group (€m)

  35. Slide 35: Proforma Catalunya Caixa income statement

    Proforma Catalunya Caixa income statement (€m) 1.5 Million customers *Gross customer loans 24.9 € Bn *Customer deposits 25.5 € Bn Note: Proforma figures excluding porfolio sale to Blackstone *Dec'14

  36. Slide 36: Risk: Real Estate activity in Spain

    NPL ratio (%) Coverage ratio (%) Risk: Real Estate activity in Spain

  37. Slide 37: Real Estate Activity in Spain income statement

    BBVA Income statement RE «) Real Estate Activity in Spain Net interest income Gross income Operating income Loanoss provisions Provisions (net) and other gains (losses) Other Income Before Tax Net Attributable Profit 1015 Resuts 1015 Ape 20 2015

  38. Slide 38: Income statement Rest of Eurasia

    Income statement Rest of Eurasia (Constant €m)

  39. Slide 39: Income statement Venezuela

    Income statement Venezuela (€m)

  40. Slide 40: Income statement Corporate Center

    Income statement Corporate Center (€m)

  41. Slide 41: Customer Spreads

    Customer Spreads Note: customer spreads, difference between lending yield and cost of deposits from customers * USA ex NY Business Activity SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the unde

Banco Bilbao Vizcaya Argentaria — Q1 2015 Earnings Presentation on 6ix