Credito Emiliano S.p.a. · MIL:CE
Credito Emiliano — H1 2008 Earnings Presentation
12 slides from Credito Emiliano's earnings presentation, 2008
Slide 1: 1H08 Group Results
1H08 GROUP RESULTS 1 Investor Relations March 2008
Slide 2: Shareholders' base
Shareholders’ base Pact among 230 More than 2,900 other shareholders shareholders Maramotti family 35.5% Others 37.5% 73.0% 27.0% CREDEMHOLDING Free Float 72.9% 27.1% CREDEM 2 Investor Relations March 2008
Slide 3: Group structure as at 30 June 2008
Group structure as at 30 June 2008 Commercial banking Wealth Management Investment Banking Other CREDEM 100% 98.5% 100% 100% 100% Life Insurance 100% 100% 50% 100% FIDUCIARIA Spa General Insurance 100% * na 100% 100% 100% 100% 100% 100% 3 Investor Relations March 2008
Slide 4: Network and Human Resources
Network and Human Resources 2 NETWORK 2007 1H08 7 73 25 Credem Branches 479 488 22 B.ca Euromobiliare Branches 22 27 10 133 Total Branches 501 515 62 16 Corporate Centres 42 42 br 3 7 an ch Credem Points 29 33 es 5 23 op Banca Euro Financial Stores 22 22 en 1 ed 44 fr o 51 HUMAN RESOURCES m 2 Credem
Slide 5: Key indicators
Key indicators (1) ROE EPS EUR 0.90 0.88 21.3% 0.82 23.2% 19.3% 18.3% 13.5% 14.6% 13.5% 14.8% 0.51 0.51 11.1% 0.39 0.40 0.35 13.5% 0.26 0.22 0.17 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Dividend per share and Payout Ratio Capital 68.6%
Slide 6: Executive Summary
Executive Summary (1) ROE • Good performance of Net Interest Income 20.0% • AUM fees and volumes struggling 15.0% 10.0% 18.3% 10.0% • Good contribution from Trading 5.0% 8.9% activities 0.0% 1H07 FY07 1H08 • Operating Costs increase in line with network expansion Capital Adequacy • Excellent credit
Slide 7: Total Income
Total Income (1) * of wich 32.8 Abax Total Income Total Income Non Interest Income ** of wich 28.6 Abax Total Income 283.1 600 535.1 533.2 -0.4% 27.2 246.4 500 29.4 71.3* 400 283.1 246.3 -13.0% 200 -11.8% 4.3 62.9** EURm EURm 300 59.2 7.4 59.9 200 286.9 +13.8% 252.0 121.1 100 -28.3% 86.8 0 0 1H07 1H
Slide 8: Operating Costs & Credit Quality
Operating Costs & Credit Quality (1) Operating Costs Cost to Income 322.4 308.7 +4.4% 70% 60.3% 63.5% 300 3.1% 60% 2.6% 250 120.0 120.9 +0.8% 50% 200 EURm 40% 150 30% 60.5% 57.7% 100 188.7 201.5 20% + 6.8% * 50 10% 0 0% 1H07 1H08 1H07 1H08 Payroll Costs Admin. Expenses Costs/Tot Inc D&A/Total Income
Slide 9: Lending
Lending (1) Lending volumes (net of repos) FY06 1H07 FY07 1H08 yoy% EURBn 16.3 +9.1% 14.9 Small Business 3.5 3.8 4.1 3.9 3.1% 15 2.4 +7.0% 2.2 12 4.8 4.6 +5.4% +5.5% Retail 5.0 5.2 5.4 5.6 6.7% EURbn 9 1.9 +4.4% 1.8 6 Large Corporate 1.2 1.4 1.6 1.5 7.5% 3 6.3 7.2 +13.9% 0 SMEs and Small 3.7 3.7 3.9
Slide 10: Fundings and AUM
Fundings and AUM (1) EURm 1H07 1H08 % yoy Mutual Funds & SICAVs Sight Deposits 10,068 10,789 +7.2 Net inflows in the semester amount Cont’d 100% Insurance Deposits 1,999 2,003 0.0 to 134 EURm, with a strong 90% SICAVs Time deposits 171 2,407 na contribution of 80% Deposits 12,238 15,199 +24.2 Deposi
Slide 11: Income Statement
Income Statement (1) EURm 1H07 1H08 % yoy Total Income 535.1 533.3 -0.3 Operating Costs -308.7 -322.4 +4.4 EBITDA 226.4 210.9 -6.8 Amortization and Depreciation -14.0 -16.5 +17.9 EBIT 212.4 194.4 -8.5 Net Loan Writedowns -16.5 -24.0 +45.5 Provisions for Risks and Expenses -0.6 3.1 Extraordinary Inco
Slide 12: Disclaimer and Contacts
Disclaimer and Contacts (1) 1H08 Group consolidated accounts include Credemvita contribution at 50% until 3/31/08 and at 100% from then on. Therefore, for a correct comparison of results, 1H07 consolidated accounts have been restated accordingly. Also, 1H07 consolidated accounts have been restated t
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