Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Q4 2016 Earnings Presentation
32 slides from Banco De Credito E Inversiones's earnings presentation, March 2017
Slide 1: Corporate Presentation
Corporate Presentation December 2016 Investor Relations Department | Email: Investor_Relations_Bci@Bci.cl March 2017
Slide 2: Contents
Contents. Main macroeconomic indicators Chilean financial system Banco de Crédito e Inversiones City National Bank of Florida Bci Investor Relations March 2017
Slide 3: Main macroeconomic indicators
Bci Investor Relations Main macroeconomic indicators
Slide 4: Main macroeconomic indicators
Main macroeconomic indicators GDP (% YoY growth) Investment (% YoY growth) 5,8 5,5 4,0 15,0 11,6 11,6 2,3 1,9 1,9 1,5 2,2 0,7 2011 2012 2013 2014 2015 2016 E 2017E -1,5 -0,6 -4,2 2010 2011 2012 2013 2014 2015 2016 E 2017E Private Consumption (% YoY growth) Inflation and Central Bank Monetary Policy
Slide 5: Chilean macroeconomic indicators
Bci Investor Relations Chilean macroeconomic indicators
Slide 6: Financial System
Financial System Strong growth over the years (US$ Million) Total Loans (*) Commercial & Interbank Loans (*) 9.3% 7.5% 213,219 202,124 121,138 125,250 182,967 111,774 164,684 102,238 149,389 93,781 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Consumer Loans (*) Mortgage Loans (*) 10.3% 28,382 2
Slide 7: Banco de Crédito e Inversiones
Bci Investor Relations Banco de Crédito e Inversiones
Slide 8: Shareholders and corporate governance
Shareholders and corporate governance Shareholder structure as of december 2016 Since Luis Enrique Yarur Rey (President) 1991 Dionisio Romero Paoletti, 2010 Shareholder Float José Pablo Arellano Marín 2011 Agreement 28.30% Board of Mario Gómez Dubravcic 2011 63.26% Máximo Israel López (I) 2013 Direc
Slide 9: Bci Highlights - profitable and financially sound
Bci Highlights - profitable and financially sound December 2016 In US$ Million (*) Market Share Total Assets $ 46,209 Total Loans $ 33,680 14.89% Net Income ** $ 508 17.31% Market Capitalization $ 6,273 Tier I BIS ratio Capital Ratios 10.05% 13.41% Moody's S&P Fitch International Credit Ranking A1 A
Slide 10: Corporate Strategy
Corporate Strategy Strategic Priorities 11 22 3 3 Leverage digital customer Drive sustainable Enhance leadership and experience to achieve growth, while maintaining collaboration throughout the competitive advantage prudent risk organization 10
Slide 11: Strategy Execution
Strategy Execution Best-in-Class Customer ▪ Leverage digital customer experience and superior analytics to achieve deeper relationships and higher revenues per client, with focus on Retail and SMEs Experience through Digital Transformation ▪ Strategy-driven IT transformation to reduce cost-to serve,
Slide 12: Our recognition is the result of our work in our strategic pillars
Our recognition is the result of our work in our strategic pillars Bci Investor Relations 12
Slide 13: Market shares
Market shares 3rd largest privately owned bank in Chile Total Assets Total Loans 14.61% 14.89% Bci Bci 14.91% 17.08% Others Bank 1 Others Bank 1 63.44% 64.01% 37.53% 17.48% Bank 2 36.52% Bank 2 17.97% Bank 3 Bank 3 16.43% 14.08% Non Interest Bearing Deposits (NIBD) Net Income 19.81% 17.31% Bci Bci 2
Slide 14: National and international presence
National and international presence Tactical international coverage combined with one of the largest national distribution channels 362 National commercial contact points (CCP) Presence in 6 countries NORTH Regions I to IV and XV 55 CCP CENTER Regions V, VI and RM 230 CCP SOUTH Regions VII to XII an
Slide 15: Loan portfolio
Loan portfolio Bci has outperformed the financial system during 2012-2016 (US$ Million) CNB BCI Total Loans Commercial & Interbank Loans 9.3% 7.5% 13.5% 33,680 30,330 11.9% 22,261 5,395 20,025 4,314 4,329 24,054 3,286 21,703 14,857 16,132 19,622 13,516 2012 2013 2014 2015 2016 2012 2013 2014 2015 20
Slide 16: Loan portfolio Bci
Loan portfolio Bci Well diversified and balanced loan portfolio Retail Comercial CIB Comercial CIB Finance SMEs Banking Banking Division Division Individuals Revenues Revenues< UF< 80.000 UF Revenues > UF 80.000 Corporate Corporate and and Private (up(up to US$ 3.1 million) to US$3.1 M*) (up to US$
Slide 17: Risk indicators
Risk indicators Conservative risk management policies Risk Index Total Loans Risk Index Commercial Loans Allowances/ Total Loans (Bci) Commercial Allowances/ Commercial Loans (Bci) Allowances/ Total Loans (Financial System) Commercial Allowances/ Commercial Loans (Financial System) 2.81% 3.01% 2.93%
Slide 18: Conservative risk management policies
Conservative risk management policies NPL Ratio (NPLs/Total Client Loans) NPL Ratio (Commercial Loans) Bci Financial System Bci Financial System 2.20% 2.57% 2.52% 2.15% 2.12% 1.88% 1.87% 1.95% 2.39% 2.29% 2.06% 1.47% 1.42% 1.68% 1.72% 1.50% 1.44% 1.51% 1.47% 1.46% 2012 2013 2014 2015 2016 2012 2013
Slide 19: Strong time deposit growth with retail customer base
Strong time deposit growth with retail customer base Non interest bearing deposits & time deposits (US$ million) 22.7% 8.4% 12,020 12,240 Non Interest 5,856 6,860 5,405 Bearing Deposits 12,291 13,894 14,874 Time Deposits 10,789 11,513 2012 2013 2014 2015 2016 Local Funding International Funding Amou
Slide 20: Profitability
Profitability NIM (*) (Net Interest Margin/ Average Interest Earning Assets) 4.21% 4.49% 4.14% 4.00% 3.62% 4.31% 3.78% 3.85% 3.93% 3.60% 2012 2013 2014 2015 2016 Bci Banking Sector Efficiency ratio (**) Fee income ratio 50.4% (Net Fees/ Net Fees + Net Interest Margin) 48.1% 47.9% 50.1% 30. 00% 24.17
Slide 21: Profitability
Profitability Sustained and profitable growth Net Income and Market Share (US$ Million) 5.82% 600 512 508 20.00% 494 449 405 18.00% 500 400 Net Income 16.00% 17.3% 16.5% 300 15.7% Market Share 14.00% 200 15.0% 100 13.8% 12.00% 0 10.00% 2012 2013 2014 2015 2016 ROAA (*) ROAE (*) 1.61% 1.61% 20.6% 20.
Slide 22: Capitalization
Capitalization Bci capitalization well above regulatory requirements 13,60% 13,44% 13,78% 13,41% 11,98% Regulatory Capital / Consolidated Risk weighted assets Basic Capital / Total Assets 7,04% 7,14% 7,19% 7,55% Required by Sbif (8%) 6,32% Required by Sbif (3%) 2012 2013 2014 2015 2016 Bis Ratio 13,
Slide 23: City National Bank of Florida
Bci Investor Relations City National Bank of Florida
Slide 24: Simulation of Bci stand alone and City National Bank of Florida
Simulation of Bci stand alone and City National Bank of Florida CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Cash 2.018 339 0 2.356 Securities 3.756 1.910 0 5.666 Loans and receivables net (**) 27.771 5.356 0 33.127 Other Financial Instruments 1.119 90 -881 327 Fixed Assets 339 78 0 417
Slide 25: Simulation of Bci stand alone and City National Bank of Florida
Simulation of Bci stand alone and City National Bank of Florida CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Net Interest Income 1.148 204 1.352 Net Service Fee Income 378 28 406 Operating Income 1.526 232 1.758 Other Operating Income 146 16 162 Provision for loan losses -267 -7 -274 Ope
Slide 26: Financial Highlights
Financial Highlights* • Total Assets increased by $1.77 Billion to $8.2 billion (27% increase vs. Dec 2015) • New Loan Commitments of $2.5 Billion (2.2 CNB + 0.3 CNCF) (58% increase compared to prior year) Balance Sheet • Total Loans increased by $1.1 Billion to $5.3 billion (32% increase vs. Dec 20
Slide 27: CNB has maintained continuous growth
CNB has maintained continuous growth Deposits (US$bn) as of December 31, 2016 Net Loans (US$bn) as of December 31, 2016 7.8% 22.2% 13.0% 33% 22.0% 4.1% 5.5 21.0% 4.5 4.5 20.4% 5.3 4.2 CNB 3.7 Growth 14.6% 4.0 4.0 3.5 25.7% CNB 3.3 Growth 2.9 ‘11-’16 ‘11-’16 2.7 2.4 CAGR: 22% CAGR: 1.9 13.5% 2011 201
Slide 28: Thank you
This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend
Slide 29: Balance sheet
Balance sheet US$ million (*) 2012 2013 2014 2015 2016 CAGR 2012-2016 Cash 2.180 1.885 2.312 1.901 2.356 1,96% Securities 2.980 2.953 3.117 5.537 5.666 17,43% Loans 19.621 21.703 24.053 29.785 33.127 13,99% Other Financial Instruments 103 120 151 394 455 44,80% Fixed Assets 306 348 345 422 417 8,05%
Slide 30: Balance sheet
Balance sheet CLP$ million (*) 2012 2013 2014 2015 2016 CAGR 2012-2016 Cash 1.459.619 1.261.766 1.547.758 1.272.552 1.577.565 1,96% Securities 1.994.900 1.976.887 2.086.992 3.706.721 3.793.351 17,43% Loans 13.135.803 14.529.469 16.102.488 19.939.945 22.177.574 13,99% Other Financial Instruments 69.2
Slide 31: Financial results
Financial results CAGR US$ million (*) 2012 2013 2014 2015 2016 4Q 2015 4Q 2016 %D 2012-2016 Net Interest Income 889 969 1.147 1.196 1.352 11,05% 359 340 -5,12% Net Service Fee Income 283 292 317 350 406 9,39% 97 115 18,27% Operating Income 1.172 1.261 1.464 1.546 1.758 10,65% 456 455 -0,12% Other O
Slide 32: Financial results
Financial results CAGR CLP$ million (*) 2012 2013 2014 2015 2016 4Q 2015 4Q 2016 %D 2012-2016 Net Interest Income 595.183 649.025 767.979 800.505 905.053 11,05% 240.050 227.768 -5,12% Net Service Fee Income 189.694 195.215 212.213 234.270 271.629 9,39% 65.209 77.120 18,27% Operating Income 784.877 8
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