Banco Itau Chile · BCS:ITAUCL

Banco Itau Chile — Itaú Corpbanca — Q2 2018 Earnings Presentation

19 slides from Banco Itau Chile's earnings presentation, Aug 1, 2018

  1. Slide 1: 2nd Quarter 2018 Earnings Review Conference Call

    2nd Quarter 2018 | Earnings Review Conference Call Gabriel Moura Chief Financial Officer Claudia Labbé Head of Investor Relations August 1st, 2018 Itaú Corpbanca

  2. Slide 2: Agenda

    Agenda 1. 2Q’18 Results 2. Update on Retail Strategy 3. Next Steps Itaú Corpbanca

  3. Slide 3: Macroeconomic Backdrop

    Macroeconomic Backdrop GDP Growth (%) Interest Rates (EOP) - % 6,6 7,5 6,1 5,8 5,3 4,9 5,8 4,4 5,3 5,0 4,0 4,0 4,0 4,8 4,8 3,8 4,5 4,5 4,5 3,5 4,3 4,3 3,1 3,2 3,8 3,3 3,0 3,3 3,5 3,5 2,5 3,0 2,3 2,5 2,8 1,9 2,0 1,8 1,3 1,5 2010 2011 2012 2013 2014 2015 2016 2017 2018(e) 2019(e) 2010 2011 2012 2013 2

  4. Slide 4: Managerial Recurring Net Income (Reconciliation)

    Managerial Recurring Net Income (Reconciliation) in million of Chilean Pesos 2Q'18 1Q'18 2Q'17 6M'18 6M'17 Net Income Attributable to Shareholders (Accounting) 57,937 42,760 64,607 100,697 89,021 (-) Non-Recurring Events 6,987 7,390 -15,088 14,377 -13,164 (a) Restructuring costs - 588 893 588 2,259

  5. Slide 5: Recurring RoTE / Recurring RoTA

    Recurring RoTE / Recurring RoTA1 RoTE / RoTA – Consolidated 13,7% 11,8% 10,8% 10,8% 6,7% 5,9% 0,8% 0,9% 0,7% 0,7% 0,7% 0,7% 0,4% 0,4% -0,3% 0,0% -0,7% 0,0% -3,8% -10,8% 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 RoTE / RoTA – Chile 15,8% 16,9% 12,5% 13,4% 13,9% 9,9% 1,2% 2,7% 1,0% 0

  6. Slide 6: Income Statement

    Income Statement Change Change Change in million of Chilean Pesos 2Q'18 1Q'18 % $ 2Q'17 % $ 1S'18 1S'17 % $ Net interest income 144,135 134,088 7.5% 10,047 132,603 8.7% 11,532 278,222 261,910 6.2% 16,313 Net fee and commission income 35,221 39,629 -11.1% -4,408 30,762 14.5% 4,459 74,850 66,503 12.6%

  7. Slide 7: Loan Portfolio

    Loan Portfolio Total Loans (CP$ Trn) Market share D% Loans 2Q'18/2Q'17 Δ +1.1% ITCB in Chile Financial System 1.1% 7.8% Δ +1.9% -3.2% 7.0% 8.2% 9.2% 16,0 16,0 15,9 15,9 16,2 17.9% 8.3% 1,4 1,4 1,5 1,6 1,6 13.6% 13.3% 3,5 3,5 3,6 3,8 3,7 12.9% 12.6% 12.3% 11.2% 11.0% 10.8% 10.6% 10.5% 8.3% 8.3% 8.3%

  8. Slide 8: Net provision for credit & counterparty risks

    Net provision for credit & counterparty risks Net provision for credit & counterparty risks (CLP Bln) Net provision for credit & counterparty risk ratio (annualized) 108,2 2.7% 17,9 70,3 8,8 1.8% 44,5 16,4 90,3 5,5 26,0 30,4 61,5 39,1 37,5 34,0 1.1% 30,7 (0,4) (8,0) (21,1) 0.8% 0.6% 0.4% 1Q'17 2Q'17

  9. Slide 9: Credit Quality

    Credit Quality Total Loans Commercial 140% 138% 136% 136% 134% 170% 165% 168% 126% 130% 127% 125% 154% 148% 148% 142% 137% 135% 128% 133% 133% 162% 166% 121% 126% 124% 119% 147% 147% 152% 147% 113% 114% 124% 112% 112% 50% 50% 49% 48% 48% 48% 48% 47% 47% 54% 54% 52% 51% 51% 50% 50% 49% 48% 48% 45% 42

  10. Slide 10: Income Statement (constant currency)

    Income Statement Change Change Change 1 in million of Chilean Pesos - constant currency 2Q'18 1Q'18 % $ 2Q'17 % $ 1S'18 1S'17 % $ Net interest income 72.823 67.161 8,4% 5.663 55.597 31,0% 17.227 139.984 108.867 28,6% 31.117 Net fee and commission income 8.300 6.468 28,3% 1.831 9.921 -16,3% -1.621 14

  11. Slide 11: Regulatory Capital Ratio – Ley General de Bancos (LGB)

    Regulatory Capital Ratio – Ley General de Bancos (LGB) Regulatory capital ratio evolution (LGB) Estimated1 BIS III capital ratio (new LGB) 14.3% 18 bp 9 bp -32 bp 10.9% 0 bp -0.8% 4.4% Tier II 3.6% -2.6% 14.3% 14.3% +/- Tier I 9.9% 7.3% Mar.18 Capital Basico Subordinated RWA Other Jun.18 Regulatory

  12. Slide 12: Agenda

    Agenda 1. 2Q’18 Results 2. Update on Retail Strategy 3. Next Steps Itaú Corpbanca

  13. Slide 13: Client Segmentation

    Client Segmentation Fully implemented segmentation model with well defined identity and value proposition, aimed at optimizing service level, satisfaction and profitability per client. Branch profile in Chile Itaú Personal Bank Itaú Sucursales 22 Itaú Personal Bank 122 Itaú Sucursales 55 Condell (Co

  14. Slide 14: Client Experience, Digital Banking and Value Offer

    Client Experience, Digital Banking and Value Offer Continuous improvement of Advancing with roll-out of new digital Review and improvement of benefits and the look and feel of our digital services and offerings. Executing a offers linked to stronger transactionality channels. well defined pipeline o

  15. Slide 15: Improving Results on Retail Banking

    Improving Results on Retail Banking Consumer installment loans Share of sales (#) through digital vs. traditional channels Market Share of Consumer Installment Loans 8.0% 80% 78% 76% 7.9% 7.7% 61% 51% 41% 7.2% 7.1% 7.1% 7.0% 7.0% 7.0% 21% 15% 11% 2Q'16 3Q'16 3Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18

  16. Slide 16: Agenda

    Agenda 1. 2Q’18 Results 2. Update on Retail Strategy 3. Next Steps Itaú Corpbanca

  17. Slide 17: Next Steps

    Next Steps Chile • Full focus on client satisfaction • Focus on increasing and sustainable results • Advance the technological integration and digital agenda • Strengthen our culture throughout the organization Colombia • Complete branch and client migration • Complete the technological integration

  18. Slide 18: 2nd Quarter 2018 Earnings Review Conference Call

    2nd Quarter 2018 | Earnings Review Conference Call Gabriel Moura Chief Financial Officer Claudia Labbé Head of Investor Relations August 1st, 2018 Itaú Corpbanca

  19. Slide 19: Disclaimers

    Disclaimers Itaú CorpBanca is the entity resulting from the merger of Banco Itaú Chile (Itaú Chile) with and into CorpBanca on April 1, 2016 (“the Merger”). After the Merger, the surviving entity’s name changed to “Itaú CorpBanca”. The legal acquisition of Itaú Chile by CorpBanca is deemed a reverse

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