Banca Ifis S.p.a. · MIL:IF
Banca Ifis — FY2016 Earnings Presentation
17 slides from Banca Ifis's earnings presentation, March 2017
Slide 1: Banca IFIS Group: 2016 financial results
Banca IFIS Group: 2016 financial results March 2017 1
Slide 2: Highlights
HIGHLIGHTS (Million Euro) Net profit 687,9 (162,0 at 31/12/2015) +324,7% Equity 1.218,8 (573,5 at 31/12/2015) +112,5% Funding 7.037,7 (6.150,5 at 31/12/2015) +14,4% Loans 5.928,2 (3.437,1 at 31/12/2015) +72,5% GROUP KPIs 12 months 12 months 2016 2015 Cost of credit SMEs 80 b.p. 89 b.p. EPS 12,94 3,0
Slide 3: Net Banking Income (NBI)
NET BANKING INCOME (NBI) (Million Euro) 2016 Breakdown by segment 60,0% 53,5% 326,0 50,0% 47,5% 40,0% (404,3 in 12 months 2015) 30,0% 20,0% +16,5% LFL Banca IFIS old perimeter 10,0% 4,3% (excluding gain from bond portfolio sale in 2015) 0,9% 0,0% -19,4% change in 12 months 2016/2015 -0,4% -10,0% -5,
Slide 4: Breakdown by cluster in trade receivables segment
BREAKDOWN BY CLUSTER IN TRADE RECEIVABLES SEGMENT YR end data 6% 6% 5% 5% 12% 11% 2015 2016 Clients 4.485 Clients 5.359 77% 78% Small Medium Large Altro Small Medium Large Altro 25% 34% 38% 31% 2015 2016 NBI 158,7 m NBI 174,4 m 21% 19% 16% 15% 4
Slide 5: Insight on trade receivables segment
INSIGHT ON TRADE RECEIVABLES SEGMENT YR end data Clients Turnover 2016 vs 2015 +19,5% 10.5 bln NBI/Loans 5,6% Net provisions Cost of credit 20.3 mln 79 bp mln 5
Slide 6: Insight on NPL area
INSIGHT ON NPL AREA YR end data NPL Gross Book Collection Book Value Value/NPL Portfolio Portfolio Internal and Non Judicial External Recovery Payment 551 mln 106 19% Department Plans mln Order of 50 Assignment 156 mln 32% Legal Recovery mln Department Judicial 1.667 172 ongoing 10% workout mln mln
Slide 7: Net result of financial operations
NET RESULT OF FINANCIAL OPERATIONS (Million Euro) 299,4 Cost of credit trade 4,0% receivables (373,7 at December 2015) 3,0% -19,9% % change 12 months 2016/2015 2,0% 1,0% 0,0% +20,1% excl. 124,5 m Euro plusvalue from govvies sale in April 2015 2010 2011 2012 2013 2014 2015 2016 Data Trade Corporate L
Slide 8: Net profit
NET PROFIT (Million Euro) 2016 Personnel 2016 2015 687,9 Norm (162,0 at 2015) 65,9 56,6 48,3 +324,7% % change 2016/2015 623,6 Other 2016 2016 2015 expenses Norm 32,5 0,1 687,9 Expenses 126,3 106,3 78,8 33,2 Cost/income 51,9% 31,4%* 26,6 202,5 326,0 2016** 2015 Tax rate 33,4% 34,0% NBI Provisions Ope
Slide 9: Balance sheet – asset structure
BALANCE SHEET – ASSET STRUCTURE (Million Euro) % change 31.12.2016 vs 31.12.2015 Loans to customers Total assets of which: 5.928,2 +72,5% 3.092,5 Trade receiv. 905,7 Corp. Banking 8.699,1 1.235,6 Leasing 562,1 DRL 124,7 Tax receiv. 7,6 G&S Other Financial Assets (AFS) 374,2 -88,4% Portfolio of Itali
Slide 10: Credit quality: trade receivables
CREDIT QUALITY: TRADE RECEIVABLES (Million Euro) % change 31.12.2016 vs 31.12.2015 Loans to customers : 3.092,5 +8,6% Net figures 118,4 NPL Coverage ratio 120,0 100,0 2016 88,5% at Dec 2016 80,0 2015 vs 58,2 2016 60,0 50,9 87,9% 40,0 at December 2015 31,7 2015 40,0 31,0 2016 2015 2015 2016 20,0 0,0
Slide 11: Credit quality: corporate banking
CREDIT QUALITY: CORPORATE BANKING (Million Euro) % change 31.12.2016 vs 31.12.2015 Loans to customers : 905,7 Net figures NPL Coverage ratio 142,7 160 140 94,0% at Dec 2016 120 2016 100 80 60 27,3 40 20 1,7 0 % Net NPLs / total corporate banking Bad Loans Unlikely to pay Past-due exposures 3,0% (31/
Slide 12: Credit quality: leasing
CREDIT QUALITY: LEASING (Million Euro) % change 31.12.2016 vs 31.12.2015 Loans to customers : 1235,6 Net figures NPL Coverage ratio 20 17,4 92,2% 13,6 at Dec 2016 15 10 6,2 5 0 % Net NPLs / total leasing Bad Loans Unlikely to pay Past-due exposures 0,5% (31/12/2016) % NPLs/Equity 0,5% (31/12/2016) %
Slide 13: Balance sheet – liabilities structure
BALANCE SHEET – LIABILITIES STRUCTURE (Million Euro) % change 31.12.2016 vs 31.12.2015 Total funds and deposits rendimax + contomax 4.519,3 +45,2% 5.549,1 -9,8% Corporate time depo 101,5 Debt and securities in issue (bond, securitization, deposit certificates) PCT 1.488,6 (0 at 31.12.2015) 50,9 due
Slide 14: Debt securities portfolio at 31.12.2016
DEBT SECURITIES PORTFOLIO AT 31.12.2016 (Million Euro) Accounting at Fair Value from January from January By to to Total December 2017 1* December 2019 December 2020 Total 270,3 30,1 52,8 353,2 % on total 76,5% 8,5% 15,0% 100% 1*= As of today all expired. 14
Slide 15: Banca IFIS Group: equity breakdown
BANCA IFIS GROUP: EQUITY BREAKDOWN (Million Euro) EQUITY: CHANGES Net equity at 31.12.2015 573,5 Increases 696,8 Profit for the period 687,9 Shares sale 8,7 Other 0,1 Decreases (51,5) Dividends (40,3) Change of AFS reserve (10,1) Forex changes (1,1) Other (0) Net equity at 31.12.2016 1.218,8 Banca I
Slide 16: 3 years of consistent and solid growth
3 YRs OF CONSISTENT AND SOLID GROWTH (Million Euro) 2014 2015 2016 2014 2015 2016 Net Profit/ for the period 96 162 688 RWA (Eu bn) 2,8 3,3 7,0 Net Loans to customers (Eu bn) 2,8 3,4 5,9 CET 1 Ratio** 14,0% 15,8% 15,7% AFS+HTM (Eu bn) 5,1 3,2 0 Net equity 438 573 1.219 Total Assets 8,3 7,0 8,7 (Eu b
Slide 17: Forward-looking statements disclaimer
This Presentation may contain written and oral “forward-looking statements”, which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on a number of assumptions, expectations, projections