Arbuthnot Banking Group Plc · LSE:ARBB
Arbuthnot Banking — H1 2013 Earnings Presentation
13 slides from Arbuthnot Banking's earnings presentation, Jul 18, 2013
Slide 1: Arbuthnot Banking Group PLC 2013 Interim Results
Arbuthnot Banking Group PLC 2013 INTERIM RESULTS 18 July 2013
Slide 2: Interim Results Review
Interim Results Review ANDREW SALMON – Group Chief Operating Officer JAMES COBB – Group Finance Director 18 July 2013
Slide 3: Key Messages
PAGE 3 Key Messages • Sustainable Growth – Profit before tax £2.0m – Underlying profit before tax £7.2m an increase of 64% – Underlying earnings per share 20.7p – Interim dividend per share 11p (2012:11p) – Customer loans grown 24% – Secure Trust Bank completed a loan referral agreement with a retai
Slide 4: Private Banking
PAGE 4 Private Banking • Profit before tax £1.0m (2012: £1.4m) Arbuthnot Latham is starting a wealth advisory • Customer loans grown 8% to £307m service in Dubai • Customer deposits increased 12% to £453m • Higher yielding deposits maturing as expected • Finalising FLS documentation • Discretionary
Slide 5: Retail Banking
PAGE 5 Retail Banking • Profit before tax £6.2m (2012: £12.5m) New Loan referral agreement reached and • Underlying profit £10.3m an increase of 37% FLS accessed in July • Customer loans increased by 41% to £366m • Customer deposits grown by 30% to £387m • Number of customers higher by 64% at 325,05
Slide 6: Financial Review
Financial Review JAMES COBB – Group Finance Director 18July 2013
Slide 7: Headline Results
PAGE 7 Headline Results 6 Months 6 Months Full year • Operating income increased by 67% June 2013 June 2012 2012 Operating income £43.2m £25.9m £65.6m • Significant Items: Operating expenses £33.9m £21.0m £53.0m – STB Executive Option scheme cost £1m Profit before tax £2.0m £10.8.m £12.6 m – ABG Exe
Slide 8: Divisional Performance 1/2
PAGE 8 Divisional Performance 1/2 £ (000’s) 6 months 6 months Change June 2013 June 2012 Private banking (Arbuthnot Latham) 970 1,437 (32%) Retail banking (Secure Trust) 6,207 12,523 (50%) Group costs (5,140) (3,192) (61%) Profit before tax 2,037 10,768 (81%) Tax (633) (133) Loss from discontinued o
Slide 9: Divisional Performance 2/2
PAGE 9 Divisional Performance 2/2 Private Banking (AL) Retail Banking (STB) Group • Profit before tax £1.0m • Profit before tax £6.2m • Reported costs £5.1m • Comments; • Comments: • Comments: – Customer loans up 8% – Underlying profit growth 37% – One off cost of Executive option scheme £1m – Custo
Slide 10: Balance sheet growth
PAGE 10 Balance sheet growth £
Slide 11: Lending Balances
PAGE 11 Lending Balances £(m’s) 30 June 30 June 31 Dec • Sustained diversification of credit risk, with growth in all 2013 2012 2012 core portfolios Arbuthnot Latham 307.4 283.1 289.3 Personal Lending 73.5 58.4 68.2 Motor Finance 104.8 78.0 89.6 Retail Finance 107.9 52.3 65.8 Everyday Loans 79.4 70.
Slide 12: Underlying profit
PAGE 12 Underlying profit Underlying profit growth 64%
Slide 13: Forward Looking Statements
Forward Looking Statements PAGE 13 This document is a summary only of certain information contained in the announcement dated 18 July 2013 and should be read in conjunction with the full text of the announcement. This document contains forward looking statements with respect to the business, strateg
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