Banco Bilbao Vizcaya Argentaria, S.a. · BME:BBVA
Banco Bilbao Vizcaya Argentaria — Corporate Update (February 2012)
19 slides from Banco Bilbao Vizcaya Argentaria's corporate update, Feb 7, 2012
Slide 1: Form 6-K cover page
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 February 7, 2012 Commission file number: 1-10110 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (Exact name of Registrant as sp
Slide 2: Preliminary financial impacts of the Royal Decree on BBVA
Spanish González BBVA Preliminary Manuel FebruaryFinancial 7thimpacts 2012Cid, System of CFO theReform 02/2012 Royal Decree on BBVA
Slide 3: Disclaimer
Disclaimer BBVA by pertinent changes expectations contained results government situation, projected described This stock information Distribution observing 2 any document market or ofand prospectus final creditworthiness or the herein, herein any on guidelines, forecast of modifications. or supervis
Slide 4: Contents
1 Conclusions Contents BBVA 2 3 Reformon Impact highlights BBVA
Slide 5: Main goals of the Reform
Main BBVA 1 2 To 3 Likely 4 markets to consolidation improve reactivate trigger the goals toeconomy improve by the of confidence the real final theSpanish estate Reform Spanish roundand market banking ofsystem access Spanish andsector risk tocredit system capital premium supplyand normalize funding
Slide 6: Main measures of the Reform
Main measures Provisions BBVA 5 welcomes and capital ofthese the Reform buffer measures on real thatestate will be exposures very positive Incentives for thetofinancial accelerate system system andconsolidation for the country Mechanisms to financially support institutions Tight deadlines
Slide 7: Spanish financial system real estate exposure
Spanish BBVA Current 0% Land Finished Total Figures Personal problematic 73as Non Banking Bn housing of+31% problematic guarantee JuneSystem: 65 RE 2011, Problematic Bn Exposure: n/a +25% Source: 148 real andBn estate others 175 323 Presentation coverage Bn exposure Bn 22Housing assets: Bn “Reforma
Slide 8: Contents
1 Conclusions Contents BBVA 2 3 Reformon Impact highlights BBVA
Slide 9: BBVA real estate exposure
OthersFinished Housing TOTAL Performing Problematic Doubtful BBVA Note: real exposure and REAL under 1.4 estate with Real Loans 0.6Finished housing ESTATE to 1.4 Estate exposure real and 0.4Assets estate developers foreclosures TOTAL 3.7 ( Bn) asSubstandard amounts of 5.2 6.8December Land 1.2 2.8 1.
Slide 10: Current and new coverage requirements
BBVA Current New P&L Others Housing Performing Doubtful Substandard (1): (2) Except Finished Royal Capital current and coverage under 50% on-going Decree Real 60% housing coverage 25% Finished Estate 24%-50% Coverage housing foreclosures developers———-Problematic developers and TOTAL Housing new 20%
Slide 11: Estimated impact on BBVA P&L
Estimated (BBVA 31.12.2012 P&L 2011 IMPACT EVOLUTION New Final Full 10 Bn)impact provisions MITIGANTS Generic Impact P&LNET impact Impact ADDITIONAL toon provisions be IN OF (gross 2012 absorbed of 2012 TAXES new P&L ofrelease provision taxes by -1.36 (31.12.2011 PROVISIONS December and 0.46 require
Slide 12: Impact scenarios on 2012 P&L and EBA capital buffer
No Bn SCENARIO ON Bn RD EBA BBVA 11 changes P&L 3Capital QUARTERS will impact comfortably in2: Buffer our SCENARIO onplan IMPACT 1H12 as of to achieve Dec. June -1.6 comply 1:ON -0.5 2012 2011 RD EBA 1H12 with Organic P&L -1.0 0.1 requirements, EBA (from 0.8 IMPACT -1.0capital requirements Q2) 100%
Slide 13: Capital surplus over Bank of Spain Capital Principal
Surplus BBVA BoS 9.7% 8% •Dec. 12 Timing Significant (minimum proforma 2011 0.85% according ofNew the 10.1% capital “Capital “Capital capital RDto8.37% P&L surplus BoS add-on Principal” Principal”) charge “Capital (0.37% according ( -1.2 2012e ratio Capital Principal” Bn)toOrganic BBVA likely BoS -0
Slide 14: Specific impact on BBVA versus the system
BBVA, BBVA 50 4 10 15 25 System Specific Impact Note: Bn Bn Figures 1.2 0.6 of for less BBVA Provisions new 2.2 BBVA impacted gross measures represents Generic ofthan taxes. contained our Provisions 8% System peers of in total by figures theCapital new impact 02/2012 measures… as add-on of forJune R
Slide 15: BBVA anticipation of the real estate credit boom
… due 19% 25% 17% 15% 13% Peer 12% 11% 1998 Foreclosed BBVA 14 217 Developer 30% (%) total loans Peer 1999 BBVA domestic Group lost toPeer Peer our 14 1 15% 10% 2000 nearly assets 16 anticipation vs. 13 Peer 5% 18% lending 2001 financial 16% /7total p.p. 10% 7Peer Peer 2002 20% lending of market 0%
Slide 16: Contents
1 Conclusions Contents BBVA 2 3 Reformon Impact highlights BBVA
Slide 17: Conclusions
Conclusions BBVA Combined Thanks 4 assets 16New welcomes RD to its with charges lower the the won’t liquidity exposure new impact RDmeasures toasRE itour addresses and plans ofrecurrent the toECB the meet main earnings, and EBAproblem 2 and theBBVA structural BoS 1 of capital will thereforms 3Spanis
Slide 18: Preliminary financial impacts of the Royal Decree on BBVA
Spanish González BBVA Preliminary Manuel FebruaryFinancial 7thimpacts 2012Cid, System of CFO theReform 02/2012 Royal Decree on BBVA
Slide 19: Signature
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 undersigned, thereunto duly authorized. Banco Bilbao Vizcaya Argentaria, S.A. Date: February 7, 2012 By: /s/ Manuel Gonzalez CID Name: Manuel Go
Banco Bilbao Vizcaya Argentaria — Corporate Update (February 2012) on 6ix