Banco de Chile · BCS:CHILE
Banco de Chile — Q1 2012 Earnings Presentation
12 slides from Banco de Chile's earnings presentation, 2012
Slide 1: First Quarter 2012 Earnings Presentation
First Quarter 2012 Earnings Presentation
Slide 2: First Quarter 2012 Highlights
First Quarter 2012 Highlights 2 Another strong quarter… Positive Economic & Banking System Results Record Quarter in Net Income & 1st in Profitability Strong Core Revenue Growth Outstanding Rise in Retail Loans Superior Performance 2
Slide 3: Economic Environment
Economic Environment 3 Activity accelerated and exceeded expectations during the quarter GDP Avg. Unemployment (Y/Y Var. %) (%) 9,9 7,3 7,2 7,4 6,6 6,6 6,3 5,6 4,5 3,7 1Q11 2Q11 3Q11 4Q11 1Q12e 1Q11 2Q11 3Q11 4Q11 1Q12 Source: Chilean Central Bank Source: National Institute of Statistics Inflation M
Slide 4: Chilean Banking System
Chilean Banking System 4 (Figures in $ Billions) Total Loan Growth Quarterly Net Income -14 4,8% 4,2% 488 444 430 3,7% 3,6% 405 22,8% 374 2,6% 20,2% 18,4% 17,1% 17,0% 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 Quarterly Loan Growth NI Utilidad ROAC Crec. Trimestral Coloc. 1Q12 vs. 1Q12 vs. 1Q
Slide 5: Net Income
Net Income 5 Record results for the first quarter of 2012… Net Income & ROAE Profitability (Billions of Ch$ & %) (ROAC) 25,7% 429 22,8% 21,0% 100 4Q 13,5% 98 3Q 8,2% 2Q 114 +4% y/y 1Q 117 121 Chile San BCI Corp Estado 2011 2012 Net Income* 121.2 118.3 65.6 23.6 19.4 MarketShare 28.4% 27.7% 15.4% 5.5
Slide 6: Operating Revenues
Operating Revenues Robust growth in our core business… 6 Operating Revenues Operating Revenues by Segment* (Billions of Ch$) (Billions of Ch$) +11% 338 338 303 18 303 23 Other -23% y/y 75 78 Net Fees -4% y/y 212 188 Retail +$24 y/y NII +21% y/y 244 Wholesale +$12 y/y 202 72 84 Treasury +$3 y/y 9 12
Slide 7: Credit Quality
Credit Quality 7 Risk indicators remain healthy… Loan Loss Provisions Loan Loss Provisions (Billions of Ch$ & %) (Loan loss provisions / Avg. loans) 1,94% 1,55% 1,54% 1,54% 1,34% 1,51% 1,77% 1,27% 1,40% 1,16% 1,75% 1,28% 1,09% 209 1,11% 1,23% a 1,08% 17 a 0,79% 0,57% 2007 2008 2009 2010 2011 1Q12 4Q
Slide 8: Operating Expenses
Operating Expenses Operating expenses in line with our business growth plan 8 and superior efficiency… Operating expenses Efficiency Ratio* (Billions of Ch$) 10% 155 141 50,5% 49,6% 80 72 46,6% 46,0% 69 75 2010 2011 BCH System Ex BCH Personnel Admin. & Other 1Q11 1Q12 *Operating Expenses / Operating
Slide 9: Total Loan Portfolio
Total Loan Portfolio 9 Outstanding performance… Total Loans Main Banks (Billions of Ch$) (Billions of Ch$) (Market Share) +19% +23% SAN 17.792 19.7% Loan Volumes BCH 17.755 19.7% 17.378 17.755 Estado 12.687 14.1% 14.872 BCI 11.715 13.0% Corp 7.178 8.0% (Billions of Ch$) (∆Y/Y) BCH +2.883 +19.4% Loan
Slide 10: Loans by Segment
Loans by Segment Strong growth in Retail and Wholesale lending… 10 Loans – Retail Segments Loans – Wholesale Segment (Billions of Ch$) (Billions of Ch$) +20% +18% 8.295 8.632 8.669 8.713 7.193 2.617 7.371 2.557 2.266 3.599 3.799 3.062 1.866 2.139 2.216 1Q11 4Q11 1Q12 1Q11 4Q11 1Q12 Commercial Mortga
Slide 11: Banco de Chile Superior Performance
Banco de Chile 11 Superior Performance Operating Income, Net of LLP Operating Expenses (Market Share, Var. y/y, bp) (Market Share, Var. y/y, bp) Chile 22,8% +75 bp Chile 20,2% +50 bp San 21,9% -34 bp San 18,5% -52 bp BCI 14,1% +135 bp BCI 13,4% +97 bp Corp 5,7% +18 bp Corp 5,9% +109 bp BBVA 4,6% -38
Slide 12: Forward-looking Information
Forward-looking Information 12 The information contained herein incorporates by reference statements which constitute ‘‘forward-looking statements,’’ in that they include statements regarding the intent, belief or current expectations of our directors and officers with respect to our future operatin