National Bank Of Canada · TSX:NA
National Bank Of Canada — Shareholder Meeting (March 2011)
33 slides from National Bank Of Canada's shareholder meeting presentation, Mar 30, 2011
Slide 1: Welcome to the 2011 Annual Meeting of Holders of Common Shares
WELCOME TO THE 2011 ANNUAL MEETING OF HOLDERS OF COMMON SHARES NATIONAL BANK OF CANADA JEAN DOUVILLE CHAIRMAN OF THE BOARD NATIONAL BANK OF CANADA 3/30/2011
Slide 2: Opening of the 2011 Annual Meeting
OPENING OF THE 2011 ANNUAL MEETING OF HOLDERS OF COMMON SHARES NATIONAL BANK OF CANADA NOTICE OF MEETING, APPOINTMENT OF SCRUTINEERS AND ATTESTATION OF QUORUM NATIONAL BANK OF CANADA 3/30/2011
Slide 3: Receipt of the Consolidated Financial Statements and Auditors' Report
3/30/2011 RECEIPT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND THE AUDITORS’ REPORT NATIONAL BANK OF CANADA B Operating results Millions of dollars, unless otherwise indicated Net income 1,034 Diluted earnings per share $5.94 | $4.94 Return on equity 17.0% | 15.6%
Slide 4: Net income and diluted earnings per share
Net income Millions of dollars, excluding specified items +6% NATIONAL BANK Bs OF CANADA Diluted earnings per share Millions of dollars, excluding specified items +5% NATIONAL BANK. OF CANADA. 3/30/2011
Slide 5: Return on equity and dividend per share
Return on equity As a %, excluding specified items 19.7 20.0 2006 2007 19.7 2008 2009 2010 NATIONAL BANK Bs OF CANADA Dividend per share Dollars 3/30/2011
Slide 6: Segment net income
Segment net income Millions of dollars, excluding specified items Personal and Commercial Wealth Management Financial Markets NATIONAL BANK OF CANADA. Operating results - 1*t quarter Millions of dollars, unless otherwise indicated Including 2011 | 2010 Net income Diluted earnings per share $1.80 | $
Slide 7: Revenues and operating expenses - 1st quarter
Revenues” and operating expenses - 1° quarter Millions of dollars, taxable equivalent basis and excluding specified items 1,201 1,133 706 679 2011 2010 |_| Revenues ei Expenses foe | OF CANADA Adjusted for non-controlling interests. Credit losses As a % of loans and acceptances and excluding specifi
Slide 8: Assets and shareholders' equity
Assets Billions of dollars 145 132 Cash and securities Loans and acceptances Other assets Oct 31, 2009 Oct 31, 2010 Jan 31, 2011 OF CANADA Shareholders’ equity Billions of dollars 12 7A 6.5 Preferred shares Common shareholders’ equity Other Oct 31, 2009 Oct 31, 2010 Jan 31, 2011 NATIONAL BANK OF CAN
Slide 9: Tier 1 capital ratio
3/30/2011 Tier 1 capital ratio As a percentage of risk-weighted assets 14.0 2006 2007 2008 2009 2010 Qi 2011 Basel! i Basel Il ji J Basel Il ! NATIONAL BANK OF CANADA. Core Tier 1 Ratio Under Basel III (2019) As a % of risk-weighted assets under Basel II rules 8.1 7.6 Oct 31, 2010 Jan 31, 2011 NATIO
Slide 10: Medium-term objectives
3/30/2011 B Medium-term objectives Objectives | Growth in diluted earnings per share™ 5% - 10% Return on equity 15% - 18% Core Tier 1 ratio - Basel III More than 7.0% | Dividend payout ratio 40% - 50% Excluding specified items NATIONAL @ANK RECEIPT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND THE AU
Slide 11: Address by Louis Vachon, President and CEO
ADDRESS BY LOUIS VACHON PRESIDENT AND CHIEF EXECUTIVE OFFICER NATIONAL BANK OF CANADA [i tremes 1. Creating wealth 2. Our role in society 3. Strategic positioning NATIONAL BANK OF CANADA. 3/30/2011 11
Slide 12: Financial Results / Creating Measurable Wealth: Shareholders
Financial Results 2010 was an exceptional year ® Record profits and revenues ® Record share price ® First major Canadian bank to increase its dividend ® Adjusted return on equity of 17.7%, above competitors ® Superior quality credit portfolio ® Tier 1 capital ratio of 14.0% NATIONAL BANK OF CANADA.
Slide 13: Creating Measurable Wealth: Shareholders and Clients
Creating Measurable Wealth SHAREHOLDERS The Bank’s total shareholder return compares very favourably to that of the major indexes and other large Canadian banks. —nac Canadian Bank Index US Bankindex European BankIndex — UK. Bankindex Germany Bank index NBC TD SCOTIA RBC BMO CIBC NATIONAL BANK, OF C
Slide 14: Creating Measurable Wealth: Clients
Creating Measurable Wealth CLIENTS Our business clients used these funds to: ®» Create tens of thousands of companies over the past years ® Grow companies that create jobs and generate benefits ® Improve productivity, which is especially important when the Canadian dollar is strong We are proud of t
Slide 15: Creating Measurable Wealth: Clients and Employees
3/30/2011 Creating Measurable Wealth CLIENTS In September 2010, we launched Clearfacts.ca, one of the largest financial literacy initiatives. ® Interactive and impartial website = Teach consumers the basics of personal finances ® More than 700 articles, tools, videos and blogs ® More than 135,000 un
Slide 16: Creating Measurable Wealth: Employees and Community
Creating Measurable Wealth EMPLOYEES Em BEST mena EMPLOYERS IN THE GTA INCANADA | 2011 Destercon 8 2011 | GES la’s 7% 10 Most Admired Z Corporate Cultures bcd 2010 NATIONAL BANK OF CANADA. Creating Measurable Wealth COMMUNITY Through our philanthropic activities: ® We donated $8.2 million to hundred
Slide 17: Community energy efficiency and role in society
Creating Measurable Wealth COMMUNITY Through our energy efficiency program in the branch network, we have reduced our total energy consumption per m? by 20% since 2007. Consumption per branch Average for category* 2007 2008 2009 2010 Obective : F ‘ per branch “Association québécolse pour la maitrise
Slide 18: Promoting entrepreneurship and strategic positioning
PB rromoting entrepreneurship Finance Montréal, Quebec’s financial cluster ® We have to encourage financial entrepreneurship and development = The TSX Financials Index consists of 27 institutions that have existed an average of 97 years = Importance of having several solid small institutions vs. a f
Slide 19: Capital deployment and One client, one bank
| the most financially solid ® Grow organically or through acquisitions ® Optimize the capital structure with preferred share buybacks ® Common share buyback program ® Dividend increases NATIONAL BANK OF CANADA. [o client, one bank We began transforming our institution in 2008. ® Realigning our dist
Slide 20: One client, one bank: Phase II
| & client, one bank We are in Phase II of the transformation. Our objectives are to: ® Simplify internal processes ® Implement an advanced sales and service platform ® Strengthen our culture of cooperation and accountability at all levels ® Better adapt to changing technology, among other things, w
Slide 21: Conclusion
3/30/2011 Bf conctusion | would like to thank: » The members of the Office of the President and the Board of Directors ® All employees for their efforts over the past year ® The Bank’s shareholders, clients and partners who, year after year, contribute to our Success Thanks to all of you, the Bank w
Slide 22: Practices Governing Voting / Election of Directors
PRACTICES GOVERNING VOTING NATIONAL BANK OF CANADA ELECTION OF DIRECTORS NATIONAL BANK OF CANADA 3/30/2011 22
Slide 23: Election of Directors
fe Election of Directors Lawrence S. Bloomberg NATIONAL BANK OF CANADA. André Caillé NATIONAL BANK OF CANADA. 3/30/2011 23
Slide 24: Election of Directors
[e Election of Directors Gérard Coulombe NATIONAL BANK OF CANADA. B Election of Directors Bernard Cyr NATIONAL BANK OF CANADA. 3/30/2011 24
Slide 25: Election of Directors
[| Election of Directors YAL MEETING 201, ANNU Gillian H. Denham NATIONAL BANK OF CANADA. IAL MEETING 2011 ANNU: Nicole Diamond-Gélinas NATIONAL BANK OF CANADA. 3/30/2011 25
Slide 26: Election of Directors
3/30/2011 B Election of Directors Jean Douville 2024 ANNUAL MEETING NATIONAL BANK OF CANADA. ) | Jean Gaulin IAL MEETING 2011 ANNU: NATIONAL BANK OF CANADA. 26
Slide 27: Election of Directors
le Election of Directors Paul Gobeil NATIONAL BANK OF CANADA. Jean Houde NATIONAL BANK OF CANADA. 3/30/2011 27
Slide 28: Election of Directors
3/30/2011 a Election of Directors Louise Laflamme YAL MEETING 2011, ANNU NATIONAL BANK OF CANADA. Roseann Runte 2024 ANNUAL MEETING NATIONAL BANK OF CANADA. 28
Slide 29: Election of Directors
le Election of Directors 2024 ANNUAL MEETING | Marc P. Tellier NATIONAL BANK OF CANADA. 2014 ANNUAL MEETING Pierre Thabet NATIONAL BANK OF CANADA. 3/30/2011 29
Slide 30: Election of Directors
fe Election of Directors Louis Vachon NATIONAL BANK OF CANADA. ELECTION OF DIRECTORS NATIONAL BANK OF CANADA 3/30/2011 30
Slide 31: Advisory Vote on Executive Compensation / Appointment of Auditors
ADVISORY VOTE ON THE BOARD OF DIRECTORS’ APPROACH TO EXECUTIVE COMPENSATION NATIONAL BANK OF CANADA APPOINTMENT OF AUDITORS NATIONAL BANK OF CANADA 3/30/2011 31
Slide 32: Presentation of Shareholder Proposals / Question Period
PRESENTATION OF SHAREHOLDER PROPOSALS NATIONAL BANK OF CANADA QUESTION PERIOD NATIONAL BANK OF CANADA 3/30/2011 32
Slide 33: Voting Results / Termination of the Meeting
VOTING RESULTS NATIONAL BANK OF CANADA TERMINATION OF THE 2011 ANNUAL MEETING OF HOLDERS OF COMMON SHARES NATIONAL BANK OF CANADA 3/30/2011 33
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