National Bank Of Canada · TSX:NA
National Bank Of Canada — Shareholder Meeting (April 2018)
51 slides from National Bank Of Canada's shareholder meeting presentation, Apr 20, 2018
Slide 1: Welcome
NATIONAL BANK Welcome
Slide 2: Jean Houde, Chairman of the board
Jean Houde Chairman of the board
Slide 3: Call to order
NATIONAL BANK Call to order
Slide 4: Appointment of scrutineers
NATIONAL BANK Appointment of scrutineers
Slide 5: Attestation of quorum
NATIONAL BANK Attestation of quorum
Slide 6: Address by Louis Vachon
Address by Louis Vachon President and Chief Executive Officer
Slide 7: Office of the President Members: Diane Lynn
Office of the President Members Diane Lynn
Slide 8: Office of the President Members as at June 4, 2018
Office of the President Members as at June 4, 2018 Stéphane Lucie William Dominique Martin Achard Blanchet Bonnell Fagnoule Gagnon Denis Brigitte Ghislain Ricardo Louis Girouard Hébert Parent Pascoe Vachon
Slide 9: Themes
Themes ‒ Recap of fiscal 2017 ‒ Changes in the business environment ‒ National Bank's transformation
Slide 10: Record profitability in 2017
Record profitability in 2017 Net income over Return on equity above $2 billion 18% Efficiency ratio of Sustained contribution 55,9% from all business lines Data presented as at October 31, 2017, excluding specified items
Slide 11: Priorities in our core markets
Priorities in our core markets 1 ‒ Cultural shift 2 ‒ Bank built on simplicity and efficiency 3 ‒ Bank for entrepreneurs 4 ‒ Bank for individuals 5 ‒ Bank for savings
Slide 12: The Quebec economy remains robust
The Quebec economy remains robust Quebec: jobless rate stands Quebec: household leverage remains at 5.6% in February 2018 below national average Household debt as a % of disposable income, 2016 199% 199% 172% 178% Quebec 149% Other provinces 1980 1985 1990 1995 2000 2005 2010 2015 QC CAN ONT ALB BC
Slide 13: Our business lines are well positioned to grow
Our business lines are well positioned to grow ‒ Personal & Commercial Banking ‒ Wealth Management ‒ Financial Markets ‒ U.S. Specialty Finance and International
Slide 14: Solid total shareholder return
Solid total shareholder return (Data as at October 31, 2017) 36.2% 13.6% 11.5% 24.8% 24.8% 10.4% 9.6% 9.0% 20.1% 20.1% 18.3% 1 Yr 10 Yrs 6.1% National Bank Bank Bank Bank Bank National Bank Bank Bank Bank Bank Bank 1 2 3 4 5 Bank 1 2 3 4 5
Slide 15: Consistent dividend growth
Consistent dividend growth Dividends per common share (Data as at October 31) $2.18 $2.28 $2.04 $1.88 $1.70 $1.54 $1.37 $1.24 $1.24 $1.24 $1.14 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 *Compound annual growth rate
Slide 16: Three changes underway
Three changes underway 1 ‒ Demographic The Bank is transforming to 2 ‒ Technological successfully meet these challenges 3 ‒ Climate
Slide 17: Attracting and retaining top talent
DEMOGRAPHY Attracting and retaining top talent ‒ Cultural shift: empowerment is key Collaborative spaces, modern ‒ Diversity communications, innovation lab, ‒ Transformation Office multidisciplinary hackathons, etc. ‒ Innovative working environment
Slide 18: A new head office to meet new needs
DEMOGRAPHY A new head office to meet new needs Largest office building to be built in downtown Montreal in 25 years ‒ Meeting some of the highest standards for the environment and employee well-being ‒ Priority given to Quebec and Canadian clients and suppliers
Slide 19: Actively managing change
Actively managing change The 4 key concepts of change COMMUNICATION DEVELOPMENT TRUST PACE
Slide 20: The Bank at the centre of the digital ecosystem
TECHNOLOGY The Bank at the centre of the digital ecosystem Innovation Partnerships Banking system
Slide 21: Client enrolment rising sharply
TECHNOLOGY Client enrolment rising sharply Digital adoption rate Active mobile users 43% 587,654 526,854 42% 410,701 39% Q1 2017 Q4 2017 Q1 2018 Q1 2017 Q4 2017 Q1 2018
Slide 22: Steady rollout pace
TECHNOLOGY Steady rollout pace First online New transaction Mobile services Online Mastercard mortgage loan site for Personal for Commercial applications pre-approval Banking clients Banking clients in the industry
Slide 23: Supporting the energy transition
CLIMATE Supporting the energy transition ‒ Growth of our low-carbon loan portfolio ‒ Energy efficiency of our buildings is a priority ‒ We support the Task Force on Climate-related Financial Disclosures
Slide 24: Conclusion: A clear vision
Conclusion: A clear vision ‒ Remaining the partner of choice to power our customers’ ideas ‒ We aspire to be the most simple, fast and efficient bank ‒ We are investing heavily in digital to enhance the customer experience ‒ Balancing sustainable growth and prudent risk management to be well positio
Slide 25: A driver of economic and social development
A driver of economic and social development ‒ Leading bank in Quebec ‒ Domestic systemically important bank ‒ Key player in creating, growing and sustaining businesses ‒ I would like to thank our shareholders, employees, clients and partners who, year after year, contribute to our success
Slide 26: Receipt of the consolidated financial statements and auditor's report
Receipt of the consolidated financial statements and the independent auditor’s report
Slide 27: Review of general practices governing voting
Review of general practices governing voting
Slide 28: Proposals by the bank
Proposals by the bank
Slide 29: Election of directors
NATIONAL BANK Election of directors
Slide 30: Jean Houde
Jean Houde c25
Slide 31: Raymond Bachand
Raymond Bachand he
Slide 32: Maryse Bertrand
Maryse Bertrand
Slide 33: Pierre Blouin
Pierre Blouin en”
Slide 34: Pierre Boivin
Pierre Boivin
Slide 35: Gillian H. Denham
Gillian H. Denham
Slide 36: Richard Fortin
Richard Fortin
Slide 37: Karen Kinsley
Karen Kinsley
Slide 38: Rebecca McKillican
Rebecca MckKillican
Slide 39: Robert Paré
Robert Paré hod y
Slide 40: Lino A. Saputo, Jr.
Lino A. Saputo, Jr.
Slide 41: Andrée Savoie
Andrée Savoie
Slide 42: Pierre Thabet
Pierre Thabet “ * A * mn \
Slide 43: Louis Vachon
~~ > <a ) ‘ _ an Louis Vachon
Slide 44: Election of directors
Election of directors JEAN HOUDE RAYMOND BACHAND MARYSE BERTRAND PIERRE BLOUIN PIERRE BOIVIN GILLIAN H. DENHAM RICHARD FORTIN KAREN KINSLEY REBECCA McKILLICAN ROBERT PARÉ LINO A. SAPUTO, Jr. ANDRÉE SAVOIE PIERRE THABET LOUIS VACHON
Slide 45: Advisory vote on the board's approach to executive compensation
Advisory vote on the board’s approach to executive compensation
Slide 46: Appointment of the independent auditor
Appointment of the independent auditor
Slide 47: Slide 47
Slide 48: Question period
NATIONAL BANK Question period
Slide 49: Voting results
NATIONAL BANK Voting results
Slide 50: Thank you
NATIONAL BANK Thank you
Slide 51: Termination of the meeting
NATIONAL BANK Termination of the meeting
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