Versabank · TSX:VBNK
Versabank — Shareholder Meeting (April 2021)
19 slides from Versabank's shareholder meeting presentation, Apr 21, 2021
Slide 1: 2021 Annual General Meeting
2021 Annual General Meeting April 21, 2021
Slide 2: David Taylor, President & CEO
2 David Taylor President & CEO
Slide 3: Board of Directors
3 Board of Directors Honourable Thomas A. Hockin Chairman Gabrielle Bochynek Director Robbert-Jan Brabander Director David Bratton Director R.W. (Dick) Carter Director Peter Irwin Director Art Linton Director Susan McGovern Director Paul Oliver Director David Taylor President & CEO
Slide 4: Senior Management
4 Senior Management Officers of the Bank: Additional Senior Management: Shawn Clarke Barbara Hale Jon Taylor Chief Financial Officer Chief Compliance Officer & Chief Human Resources Executive Brent Hodge Chief Anti-Money Laundering Officer Wade MacBain General Counsel & Corporate Secretary Saad Inam
Slide 5: Auditors
Auditors VersaBank Choice Through Innovation
Slide 6: Appointment of Auditors
6 Appointment of Auditors
Slide 7: Director Nominees
7 Director Nominees • Honourable Thomas A. Hockin • David Taylor • Gabrielle Bochynek • Robbert-Jan Brabander • David Bratton • R.W. (Dick) Carter • Peter Irwin • Art Linton • Susan McGovern • Paul Oliver
Slide 8: 2021 Annual General Meeting
2021 Annual General Meeting April 21, 2021
Slide 9: Advisory
9 Advisory The Bank occasionally makes forward-looking statements about its objectives, operations and targeted financial results. These statements may be written or verbal and may be included in such things as press releases, corporate presentations, annual reports and other disclosure documents an
Slide 10: Our time has arrived…
10 Our time has arrived… The World’s First Digital Bank Using proprietary state-of-the art financial technology to profitably address underserved segments of the Canadian banking market since 1993
Slide 11: Momentum in Profitability and Long-Term Earnings Capacity
11 Momentum in Profitability and Long-Term Earnings Capacity Core Cash Earnings: Net Income: Growth since 2014 driven 31% 23% 6-year CAGR 6-year CAGR mainly by: • Lower COF attributable largely to the introduction of $27.8M $26.8M $25.4M Insolvency Professional $20.2M deposits $18.2M $19.5M $18.1M $
Slide 12: Q1 2021: Strong Momentum
12 Q1 2021: Strong Momentum Income Statement Balance Sheet 3 Months Ended January 31 At January 31 2021 2020 Change 2021 2020 Change Revenue $15.4 M $13.6 M +14% Total Assets $2.04 B $1.85 B +10% Cost of Funding 1.42% 1.88% -46 bps Book Value per $10.90 $10.17 +7% Common Share Net Interest Margin 2.
Slide 13: Leveraging the Success of the Point of Sale Business: Instant Mortgage
Leveraging the Success of the Point of Sale Business for the Real 13 Estate Market: Instant Mortgage Market Need: A software-based solution for home and Solution: Instant Mortgage – condo developers and A revolutionary high-volume residential sales brokerages that financing software app for home ena
Slide 14: VCAD: North America's FIRST Bank-Issued, Deposit-Based Digital Currency
VCAD: North America’s FIRST Bank-Issued, 14 Deposit-Based Digital Currency • A better digital-deposit receipt: A TRUE Stable coin, represented 1:1 by Canadian-dollar deposits • Addresses the TWO major challenges of existing digital currencies, providing highest level of stability/certainty value and
Slide 15: Building a comprehensive suite of innovative cyber security solutions
15 Building a comprehensive suite of innovative cyber security solutions that address high-demand, underserved segments of this rapidly growing market
Slide 16: Acquisition of Digital Boundary Group
Acquisition of Digital Boundary Group: Complements 16 DRT Cyber’s Comprehensive Suite of Security Solutions DBG: One of North America’s premiere IT security assurance services firms • Suite of services: • External network, web and mobile app penetration testing • Physical social engineering engageme
Slide 17: VersaBank: Two High-Growth Opportunities
17 VersaBank: Two High-Growth Opportunities 1 Digital Banking Proven Ability to Identify Positioned for Continued Unmet Market Needs & Develop Innovative Outsized, Long- Solutions Term Growth Cybersecurity + Significant New Leading technology Long-Term Growth 2 and capabilities for a large, high-gro
Slide 18: We're Just Getting Started!
18 We’re Just Getting Started!
Slide 19: 2021 Annual General Meeting
2021 Annual General Meeting April 21, 2021