Arbuthnot Banking Group Plc · LSE:ARBB
Arbuthnot Banking — FY2011 Earnings Presentation
11 slides from Arbuthnot Banking's earnings presentation, Mar 15, 2012
Slide 1: Arbuthnot Banking Group PLC 2011 Year End Results
Arbuthnot Banking Group PLC 2011 YEAR END RESULTS 15 March 2012
Slide 2: Business Review
Business Review ANDREW SALMON – Chief Operating Officer 15 March 2012
Slide 3: Key Messages
Key Messages PAGE 3 • Year of Transformation – Flotation of Secure Trust Bank PLC – Gain on Secure Trust Bank Shares £16m recorded directly to reserves – Group owns 75.5% of Company currently worth £152mn – Disposal of Arbuthnot Securities – Discontinued Operations cost post tax £10.2m – Profit befo
Slide 4: Private Banking
Private Banking PAGE 4 • Profitability increased by 97% Arbuthnot Latham doubled its profitability, • Liquidity, funding and capital remain strong with the focus on the core private banking and wealth proposition • Loan book remains healthy with robust loan to value ratios • Credit losses remain bel
Slide 5: Retail Banking
Retail Banking PAGE 5 • Profit before tax and IPO costs increased 13% to £9.6m Following successful • Earnings also reduced by cost of unsuccessful pursuit of lending JV listing Secure Trust Bank is well positioned • Organic growth offsets continued decline in acquired portfolios and Onebill to grow
Slide 6: Financial Review
Financial Review JAMES COBB – Group Finance Director 15 March 2012
Slide 7: Headline Results
Headline Results PAGE 7 2011 2010 • Operating income increased 20% Operating Income £45.5m £37.8m • Profit before tax on continuing operations up 26% Profit Before Tax on continuing operations £5.1m £4.1m • Gain on sale of shares taken to distributable Net Asset Value per Share 312.2p 227.7p reserve
Slide 8: Divisional Performance 1/2
Divisional Performance 1/2 PAGE 8 2011 2010 Change £(000) £(000) Private Banking (Arbuthnot Latham) 1,958 996 97% Retail Banking (Secure Trust) 9,061 8,511 7% Switzerland (47) (100) N/M Group Costs (5,856) (5,391) (9%) Profit Before Tax on Continuing Operations 5,116 4,065 26% Tax (1,817) (1,238) Di
Slide 9: Divisional Performance 2/2
Divisional Performance 2/2 PAGE 9 Private Banking Retail Banking Discontinued Operations • Profit before tax £2m • Profit before tax and IPO costs £9.6m • Loss before tax £13.2m – Core private banking £1.8m • Comments: • Comments: – Revenue decline in acquired – Gilliat financial solutions £0.2m – O
Slide 10: Key Message
Key Message PAGE 10 • Transformational year • Flotation of Secure Trust Bank positions it for continued growth • Arbuthnot Latham increasing profitability and Gilliat now has momentum • Volatility of Investment bank removed and exit costs absorbed • Sale of STB shares establishes distributable reser
Slide 11: Forward Looking Statements
Forward Looking Statements PAGE 11 This document is a summary only of certain information contained in the announcement dated 15 March 2012 and should be read in conjunction with the full text of the announcement. This document contains forward looking statements with respect to the business, strate
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