National Bank Of Canada · TSX:NA
National Bank Of Canada — Shareholder Meeting (March 2010)
30 slides from National Bank Of Canada's shareholder meeting presentation, Mar 30, 2010
Slide 1: Welcome to the 2010 Annual Meeting of Holders of Common Shares
NATIONAL BANK FINANCIAL GROUP WELCOME TO THE 2010 ANNUAL MEETING OF HOLDERS OF COMMON SHARES NATIONAL BANK FINANCIAL GROUP JEAN DOUVILLE CHAIRMAN OF THE BOARD 3/30/2010
Slide 2: Opening of the 2010 Annual Meeting
NATIONAL BANK FINANCIAL GROUP OPENING OF THE 2010 ANNUAL MEETING OF HOLDERS OF COMMON SHARES NATIONAL BANK FINANCIAL GROUP NOTICE OF MEETING, APPOINTMENT OF SCRUTINEERS AND ATTESTATION OF QUORUM 3/30/2010
Slide 3: Receipt of the Consolidated Financial Statements and the Auditors' Report
NATIONAL BANK FINANCIAL GROUP RECEIPT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND THE AUDITORS’ REPORT f Operating results Millions of dollars, unless otherwise indicated Including Excluding specified items specified items 2009 | 2008 2009 | 2008 Net income 854 776 1061 947 Diluted earnings per sha
Slide 4: Net income
Net income Millions of dollars, excluding specified items ee 1061 ; 933 947 857 —————— 2005 2006 2007 2008 2009 Besse FINANCIAL GROUP Diluted earnings per share Dollars, excluding specified items + 8% eae 5.65 5.75 2005 2006 2007 2008 2009 Besse FINANCIAL GROUP 3/30/2010
Slide 5: Return on equity
3/30/2010 Return on equity As a %, excluding specified items 20.7 2005 2006 2007 2008 2009 NATIONAL BANK FINANCIAL GROUP Dividend per share Dollars +10% ee 2.28 2005 2006 2007 2008 2009 Besse FINANCIAL GROUP
Slide 6: Segment net income
Segment net income Millions of dollars, excluding specified items [oie Taio [cee Personal and Commercial 504 504 Stable Wealth Management a5 153 (25%) Financial Markets 503 330 +52% Be se FINANCIAL GROUP Operating results - 1°t quarter Millions of dollars, unless otherwise indicated Including Exclud
Slide 7: Revenues and expenses - 1st quarter
Revenues” and expenses - 1* quarter Millions of dollars, taxable equivalent basis and excluding specified items 1062 2009 [ll Revenues “Net of non-controlling interest 1133 2010 IE Expenses waa : FaaneTAT enous Credit losses As a % of loans and acceptances and excluding specified items 2008 2009 FIN
Slide 8: Assets
3/30/2010 Assets Billions of dollars 134 13: 2 129 = Cash and securities «| Loans and acceptances ma Da ed Other assets Jan 31,2010 Oct31,2009 Oct 31, 2008 Beare Shareholders’ equity Billions of dollars 6.7 6.5 Preferred shares Common shares Other assets y Jan 31,2010 Oct 31,2009 Oct 31, 2008 its) N
Slide 9: Tier 1 capital ratio
3/30/2010 Tier 1 capital ratio As a percentage of risk-weighted assets 2005 2006 2007 t Basel | Jt Medium-term objectives Excluding specified items BANK FINANCIAL GROUP
Slide 10: Address by Louis Vachon, President and CEO
3/30/2010 NATIONAL BANK FINANCIAL GROUP RECEIPT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND THE AUDITORS’ REPORT NATIONAL BANK FINANCIAL GROUP ADDRESS BY LOUIS VACHON PRESIDENT AND CHIEF EXECUTIVE OFFICER 10
Slide 11: Themes: Economic environment
3/30/2010 Themes Economic environment Situation of financial institutions Achievements of National Bank Outlook and priorities Economic environment The world continues to slowly emerge from the most severe financial crisis of the past 75 years Canadian and Quebec economies Economic growth has resume
Slide 12: Situation of financial institutions
3/30/2010 Situation of financial institutions The past few years have been challenging for financial institutions and their shareholders United States and Europe Many institutions disappeared Public capital injected Dividends reduced or suspended Shareholders’ equity diluted Canada Amidst this turbu
Slide 13: Sustained support for the community; Outstanding financial performance
3/30/2010 Sustained support for the community Organizing fundraisers Club des petits déjeuners du Québec and Breakfast Clubs of Canada: $1.5 million over 5 years Canadian Red Cross for victims of the earthquake in Haiti: $1.3 million Ongoing support for education, health, the arts, community outreac
Slide 14: Total Shareholder Return; A clear strategy
3/30/2010 Total Shareholder Return As at October 31, 2009 1 year 3 years Source: Bloomberg A clear strategy One client, one bank 1. Align distribution and operations with client needs 2. Simplify internal processes 3. Increase the efficiency of corporate functions 4. Reinforce our culture of coopera
Slide 15: Significant progress
3/30/2010 Significant progress In 2009, we made significant progress toward our client service objectives Personal and Commercial Banking Branches are the focal point of contact with clients Activities aligned to meet client needs Hundreds of positions added Unprecedented training activities B
Slide 16: Outlook and priorities; Conclusion
3/30/2010 Outlook and priorities Economic conditions will be more favourable in 2010 but the pace of growth will be moderate Our current strategic direction is in tune with the situation Our 2010 priorities Leverage the new distribution model Simplify and standardize our internal processes and deplo
Slide 17: Practices governing voting
NATIONAL BANK FINANCIAL GROUP ADDRESS BY LOUIS VACHON PRESIDENT AND CHIEF EXECUTIVE OFFICER NATIONAL BANK FINANCIAL GROUP PRACTICES GOVERNING VOTING 3/30/2010 17
Slide 18: Election of Directors
NATIONAL BANK FINANCIAL GROUP ELECTION OF DIRECTORS ' Election of Directors Lawrence S. Bloomberg NATIONAL BANK 3/30/2010 18
Slide 19: Election of Directors
Election of Directors Pierre Bourgie NATIONAL BANK FINANGIAL GROUP Election of Directors André Caillé NATIONAL BANK FINANGIAL GROUP 3/30/2010 19
Slide 20: Election of Directors
3/30/2010 Election of Directors Gérard Coulombe NATIONAL BANK FINANGIAL GROUP Election of Directors Bernard Cyr NATIONAL BANK FINANGIAL GROUP 20
Slide 21: Election of Directors
Election of Directors Shirley A. Dawe NATIONAL BANK FINANGIAL GROUP Election of Directors Nicole Diamond-Gélinas NATIONAL BANK FINANGIAL GROUP 3/30/2010 21
Slide 22: Election of Directors
Election of Directors Jean Douville NATIONAL BANK FINANGIAL GROUP Election of Directors Marcel Dutil NATIONAL BANK FINANGIAL GROUP 3/30/2010 22
Slide 23: Election of Directors
Election of Directors Jean Gaulin NATIONAL BANK FINANGIAL GROUP Election of Directors Paul Gobeil NATIONAL BANK FINANGIAL GROUP 3/30/2010 23
Slide 24: Election of Directors
Election of Directors Louise Laflamme NATIONAL BANK FINANGIAL GROUP Election of Directors Roseann Runte NATIONAL BANK FINANGIAL GROUP 3/30/2010 24
Slide 25: Election of Directors
3/30/2010 Election of Directors Marc P. Tellier Election of Directors Louis Vachon 25
Slide 26: Advisory vote on executive compensation approach
3/30/2010 NATIONAL BANK FINANCIAL GROUP ELECTION OF DIRECTORS NATIONAL BANK FINANCIAL GROUP ADVISORY VOTE ON THE BOARD OF DIRECTORS’ APPROACH TO EXECUTIVE COMPENSATION 26
Slide 27: Appointment of auditors; Shareholder proposals
NATIONAL BANK FINANCIAL GROUP APPOINTMENT OF AUDITORS NATIONAL BANK FINANCIAL GROUP PRESENTATION OF SHAREHOLDER PROPOSALS 3/30/2010 27
Slide 28: Question period; Voting results
NATIONAL BANK FINANCIAL GROUP QUESTION PERIOD NATIONAL BANK FINANCIAL GROUP VOTING RESULTS 3/30/2010 28
Slide 29: Termination of the 2010 Annual Meeting
NATIONAL BANK FINANCIAL GROUP TERMINATION OF THE 2010 ANNUAL MEETING OF HOLDERS OF COMMON SHARES NATIONAL BANK FINANCIAL GROUP PRESS CONFERENCE 3/30/2010 29
Slide 30: Welcome to the 2010 Annual Meeting of Holders of Common Shares
NATIONAL BANK FINANCIAL GROUP WELCOME TO THE 2010 ANNUAL MEETING OF HOLDERS OF COMMON SHARES 3/30/2010 30
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