National Bank Of Canada · TSX:NA

National Bank Of Canada — Q4 2013 Earnings Presentation

13 slides from National Bank Of Canada's earnings presentation, Dec 4, 2013

  1. Slide 1: Analyst and Investor Presentation Q4-2013 Conference Call

    03/12/2013 ANALYST AND INVESTOR PRESENTATION Q4-2013 CONFERENCE CALL Wednesday, December 4, 2013 - 1:30 pm CAUTION REGARDING FORWARD-LOOKING STATEMENTS From time to time, National Bank of Canada (the Bank) makes written and oral forward-looking statements, such as those contained in the Major Econom

  2. Slide 2: Highlights and Mid-Term Objectives

    03/12/2013 HIGHLIGHTS Q4 13 Q3 13 Q4 12 QoQ YoY ADJUSTED RESULTS (1) Net Income(2) 370 391 343 (5%) 8% Diluted EPS $2.09 $2.22 $1.93 (6%) 8% Provision for Credit Losses 48 48 46 - 4% Return on Equity 18.4% 20.3% 19.2% Common Equity Tier 1 Ratio 8.7% 8.6% 7.3% Under Basel III Dividend Payout(3) 40.1%

  3. Slide 3: Financial Review: Performance Snapshot Q4 2013

    03/12/2013 FINANCIAL REVIEW Ghislain Parent Chief Financial Officer and Executive Vice-President, Finance and Treasury PERFORMANCE SNAPSHOT – Q4 2013 (millions of dollars) ADJUSTED (1) Q4 13 Q3 13 Q4 12 QoQ YoY Revenues 1,263 1,294 1,240 (2%) 2% Expenses 772 783 770 (1%) - Net Income(2) 370 391 343

  4. Slide 4: Performance Snapshot 2013 and Income Statement Overview

    03/12/2013 PERFORMANCE SNAPSHOT – 2013 (millions of dollars) ADJUSTED (1) 2013 2012 YoY Revenues 5,033 4,915 2% Expenses 3,071 3,017 2% Net Income(2) 1,491 1,396 7% Diluted EPS $8.41 $7.86 7% ROE 19.7% 20.7% REPORTED 2013 2012 YoY Specified Items 63 238 - Net Income(2) 1,554 1,634 (5%) Diluted EPS $

  5. Slide 5: Non Interest Expenses and Balance Sheet Overview

    03/12/2013 NON INTEREST EXPENSES (Excluding specified items) (millions of dollars) Q4 13 Q3 13 Q4 12 QoQ YoY 2013 2012 YoY Salaries and Staff Benefits 450 465 469 (3%) (4%) 1,828 1,839 (1%) Technology and Professional Fees 163 163 142 - 15% 635 576 10% Other Expenses 159 155 159 3% - 608 602 1% Non

  6. Slide 6: Strong Capital Position / Risk Management

    03/12/2013 STRONG CAPITAL POSITION TOTAL RISK-WEIGHTED ASSETS COMMON EQUITY TIER 1 UNDER BASEL III UNDER BASEL III EVOLUTION (QoQ) 62,190 61,251 0,26% 60,040 60,895 59,388 2,887 3,382 3,251 3,594 3,252 0,08% 0,05% 8,057 8,385 8,418 8,082 8,266 8,60% 8,78% 8,60% 8,73% 8,73% 51,246 48,055 48,180 49,25

  7. Slide 7: Global Credit Portfolio and Provision for Credit Losses

    03/12/2013 GLOBAL CREDIT PORTFOLIO As at October 31, 2013 vs. (October 31, 2012) PER BUSINESS RETAIL PORTFOLIO PER INDUSTRY SEGMENT COMPOSITION 8% 9% (5%) (9%) 9% (10%) 10% (11%) 19% 25% 4% 36% (17%) (26%) 11% (5%) (11%) (38%) 67% 20% 8% (67%) 4% (21%) 16% (7%) (4%) 5% (14%) 25% (5%) (24%) 3% (3%) 9

  8. Slide 8: Impaired Loans and Formation / Business Segment Review

    03/12/2013 IMPAIRED LOANS AND FORMATION (millions of dollars) IMPAIRED LOANS IMPAIRED LOANS FORMATION(1) 7.45% (millions of dollars) Q4 13 Q3 13 Q2 13 Q1 13 Q4 12 6.56% 6.09% 6.31% 6.50% Retail 21 26 20 22 21 Commercial 23 36 (13) 34 30 387 395 377 354 346 Corporate Banking (3) (6) 7 (56) (2) Wealth

  9. Slide 9: Personal and Commercial Banking; Wealth Management

    03/12/2013 PERSONAL AND COMMERCIAL BANKING HIGHLIGHTS (millions of dollars) Q4 13 Q3 13 Q4 12 QoQ YoY  Revenues up 4% YoY due to strong volume growth partially offset by decrease in margins Revenues 659 666 635 (1%) 4%  Net interest margin is flat compared to Q3-13 Personal Banking 311 310 296 - 5

  10. Slide 10: Financial Markets

    03/12/2013 FINANCIAL MARKETS Revenue Breakdown – Q4-13 (vs. Q4-12) (millions of dollars) Q4 13 Q3 13 Q4 12 QoQ YoY Principal Activities Revenues 331 382 322 (13%) 3% 18% 10% (18%) (15%) Credigy Trading 146 176 145 (17%) 1% (6%) 7% Fixed Income Banking Services 61 55 52 11% 17% 16% (19%) 14% Equity D

  11. Slide 11: Detail of Specified Items; 2013 Income Statement

    03/12/2013 APPENDIX 1 │ DETAIL OF SPECIFIED ITEMS (millions of dollars) Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Natcan / Fiera Transaction 1 (1) (2) (2) (1) Acquisition of WW & HSBC (14) (6) (7) (6) (4) Acquisition charges of TD Warehouse (4) Acquisition of TMX - (1) - - (5) Severance Pay (65) - - - (12) MAV

  12. Slide 12: Daily Trading Revenues vs VaR

    03/12/2013 APPENDIX 3 │ Daily Trading Revenues vs VAR Daily Trading Revenues vs Trading VaR (Q4 2013) (CAD millions) 15.0 Daily Trading Revenues Trading VaR Millions 10.0 5.0 0.0 (5.0) (10.0) 1-Aug 8-Aug 15-Aug 22-Aug 29-Aug 6-Sep 13-Sep 20-Sep 27-Sep 4-Oct 11-Oct 21-Oct 28-Oct Q4 2013 RESULTS CONFE

  13. Slide 13: Trading P&L Results; Investor Relations

    03/12/2013 APPENDIX 5 │ TRADING P&L RESULTS # days Distribution of daily trading revenues - Q4 2013 14 12 10 8 6 4 2 0 (1) - 1 2 3 4 5 6 7 8 9 10 11 12 13 $ millions Q4 2013 RESULTS CONFERENCE CALL – December 4, 2013 I 25 INVESTOR RELATIONS Financial analysts and investors who want to obtain financi

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