Slide 1: Arbuthnot Banking Group PLC 2012 Year End Results
Arb buth thnott B Bank king G Group PLC 2012 YEAR END RESULTS1 21 March 2013
Slide 2: Business Review
Business Review ANDREW SALMON – Chief Operating Officer 21 March 2013
Slide 3: Key Messages
PAGE 3 Key Messages • Year of Profitable Growth – Profit Before Tax £12.6m an increase of 146% – Total Assets exceed £1bn – Earnings per share 52.6p – Dividend per share at 25p more than 2 times covered – Successful acquisition of Everyday Loans added £74m of loans – Further equity placing of £20m f
Slide 4: Private Banking
PAGE 4 Private i Banking ki • Profit before tax £2.1m Arbuthnot Latham hired a number of key • Margin compression prior to announcement of Funding for Lending Scheme executives to accelerate growth h plans l • Bringing forward hiring plans to recruit key executives • Credit losses remain below 1% of
Slide 5: Retail Banking
PAGE 5 Retail il Banking ki • Profit before tax £17.3m Numerous opportunities for further growth • Underlying profit growth in excess of 100% • Completed acquisition of Everyday Loans: – Bargain purchase gain of net £7.9m – UK network of 26 branches – Customer assets of £74m • Customer C t loans l i
Slide 6: Financial Review
Financial Review JAMES COBB – Group Finance Director 12 March 2013
Slide 7: Headline Results
PAGE 7 Headline dli Results l 2012 2011 • Operating income increased by 44% Operating Income £65.5m £45.5m • Significant Items: P fit B Profit Before f TaxT £12 6 £12.6m £5 1 £5.1m – Bargain Purchase of EDL £7.9m net Basic Earnings Per Share 52.6p (33.3p) – Executive Option scheme costs £1.6m – Cost
Slide 8: Divisional Performance 1/2
PAGE 8 Divisional i i i l Performance f 1/2 / £ (000) 2012 2011 Change Private Banking (Arbuthnot Latham) 2,058 1,958 5% Retail Banking (Secure Trust) 17,253 9,061 90% Switzerland (6) (47) 87% Group Costs (6,712) (5,856) (15%) Profit Before Tax 12,593 5,116 146% Tax (1.128) (1,817) Loss from discont
Slide 9: Divisional Performance 2/2
PAGE 9 Divisional i i i l Performance f 2/2 / Private Banking Retail Banking Group Costs • Profits up 5% • Profits up 90% • Overall increase 15% • Comments • Comments: • Comments: – Customer Loans up 21% – £20m Equity placing – Group cost increased due to surplus office space from sale of Securities
Slide 10: Balance sheet growth
PAGE 10 Balance l sheet h growth h 600 Diversified risk with growth across all strategic portfolios 500 400 300 £ Millions 200 100 - 2009 2010 2011 2012 Arbuthnot Latham Personal Lending Motor Finance Asset Finance Acquired Portfolios Everyday Loans
Slide 11: Underlying profit growth
PAGE 11 Underlying d l i profit fi U d l i growth Underlying th off 192% 14 Underlying profit for 2011 £3.9m 12 10 8 PBT (£m)) 6 4 2 0 ABG 2011 2011 IPO EDL FV Acquisition Excess Share based Income from Gain on Hire of new Underlying ABG Reported R t d Acquired A i d C t Costs Adjustments Adj t t co
Slide 12: Forward Looking Statements
Forward Looking Statements PAGE 12 This doc document ment is a summary s mmar onlonly of certain information contained in the anno announcement ncement dated 21 March 2013 and should be read in conjunction with the full text of the announcement. This document contains forward looking statements with