Vp Bank Ag Class A · SIX:VPBN
Vp Bank Ag Class A — FY2010 Earnings Presentation
18 slides from Vp Bank Ag Class A's earnings presentation, Mar 15, 2011
Slide 1: VP Bank Group Annual report 2010
VP Bank March 15, 2011 VP Bank Group Annual report 2010 March 15, 2011, SIX Swiss Exchange Program 1 Welcoming remarks Hans Brunhart, Chairman of the Board 2 Financial results 2010 3 Fredy Vogt, Chief Financial Officer VP Bank Roadmap Roger H. Hartmann, Chief Executive Officer 4 The groundwork for s
Slide 2: Welcoming remarks / Financial results 2010
Welcoming remarks Hans Brunhart Chairman of the Board 3 Financial results 2010 Fredy Vogt Chief Financial Officer 4
Slide 3: VP Bank Group – Profile as at December 31, 2010
Overview of topics • Profile as at December 31, 2010 • Consolidated income statement • Consolidated balance sheet • Client assets • Segments • Dividend • Summary & outlook 5 VP Bank Group – Profile as at December 31, 2010 727.2 CHF 915.6 employees million shareholders’ CHF 40.8 billion equity client
Slide 4: Consolidated income statement
Consolidated income statement 7 Total operating income 2009 2010 8 in CHF million 3. 31 8 6. 25 4 5 0 5. 3. 1. 12 12 12 –18.2 % .9 78 .7 .8 51 45 .6 17 7 6. Interest- Commission Trading Other income Total differential business activities operating business income 8
Slide 5: Operating expenses
Operating expenses 2009 2010 in CHF million 1 5 5. 9. 18 17 1 8 4. 1. 12 12 –3.0 % .0 7. 61 57 Personnel General and Operating expenses administrative expenses expenses 9 Depreciation and amortization 2009 2010 . 5 40 .7 in CHF million 38 –4.4 % Depreciation and amortization 10
Slide 6: Consolidated net income
Valuation allowances, provisions and losses 2009 2010 in CHF million .4 19 .9 15 +22.1 % Valuation allowances, provisions and losses 11 Consolidated net income in CHF million 8 .2 6. 17 25 .1 0 58 2. 5 9. 17 Total net Operating Depreciation & Income Consolidated operating expenses amortization, taxe
Slide 7: Consolidated balance sheet – Total assets
Consolidated balance sheet 13 Total assets 2009 2010 .6 in CHF billion 11 .6 10 –8.9 % Total assets 14
Slide 8: Shareholders' equity and due from banks
Shareholders‘ equity in CHF million 9 1. 6 93 5. .2 91 17 2 .3 1. .0 –6 –2 –6 Shareholders‘ Dividend IAS 39 Treasury shares, Conso- Shareholders‘ equity distribution reserves LTI and lidated equity 01/01/2010 foreign-currency net 31/12/2010 translation income differences 15 Due from banks 2009 2010
Slide 9: Due from customers and financial instruments
Due from customers 2009 2010 in CHF million 7 26 7 3‘ 02 10 % 3‘ +7.9 % 25 % .3 0 .2 0 .6 0 6 . 1 65 % Due from Mortgage Other Unsecured customers collateral collateral 17 Financial instruments 31/12/2008 31/12/2009 30/06/2010 .2 6 31/12/2010 88 9 6 . 7. in CHF million .1 6 .4 2 8 1 2. 80 1 6 79 80
Slide 10: Client assets
Client assets 19 Client assets 2009 2010 .8 in CHF billion .8 41 40 1 8 . . 31 % 6 5 2 .5 1 2 .8 6 –2.4 % .8 1% 7 1 23 % 45 % Client assets Client On-balance- Fiduciary Custody securities sheet client deposits assets accounts deposits 20
Slide 11: Client assets under management
Client assets under management 2009 2010 in CHF billion .4 .5 .1 –1 .2 29 +0 28 Client assets Performance Net new Client assets under management money under management 31/12/2009 31/12/2010 21 Client assets under management – asset classes 31/12/2009 VP Bank group as at 31/12/2010 1 3% 8 . . 6 5 .5
Slide 12: Overview of segments as of 31/12/2010
Segments 23 Overview of segments as of 31/12/2010 Banking Wealth Private CFO & Liechtenstein & Management * in CHF Banking Corporate Group Regional Solutions & International Center Markets Services Group net result 69.5 mn 7.2 mn –48.5 mn –9.0 mn 19.2 mn before tax* Client assets 18.8 bn 7.7 bn 1.3
Slide 13: Dividend
Dividend 25 Dividend 2009 2010 in CHF million in CHF .7 20 .1 5 5 15 3. 3. Group net income Dividends Dividend per bearer share attributable to the shareholders of VP Bank 26
Slide 14: Dividend yield / Summary & outlook
Dividend yield 9% 3. 5% 3. 1% %0 3. 3. 8% 1. 2006 2007 2008 2009 2010 27 Summary & outlook 28
Slide 15: VP Bank Group – key financial indicators
VP Bank Group – key financial indicators 31/12/2009 31/12/2010 Tier 1 ratio 17.1% 19.0% Cost/income ratio 59.0% 69.9% Value-at-Risk in CHF million 34.1 27.3 Group net result per bearer share CHF 9.97 2.62 29 VP Bank Group – summary 2010 Consoli- dated net Net new money income gain in H2 2010 17.2 Mi
Slide 16: VP Bank roadmap
VP Bank Roadmap Roger H. Hartmann Chief Executive Officer 31 VP Bank roadmap Goal current Medium-term goals: • 5% net new money p.a. • 65% cost/income ratio Start • Tier-1 ratio above 16% 20 Months 20 Months 01/09/2010 30/04/2012 31/12/2013 «Transformation» «Follow-up» «Normal operations» 32
Slide 17: The groundwork for success / Questions & Answers
The groundwork for success Hans Brunhart Chairman of the Board 33 Questions & Answers Hans Brunhart Roger H. Hartmann Fredy Vogt 34
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