Compagnie Financiere Tradition Sa · SIX:CFT

Compagnie Financiere Tradition Sa — FY2022 Earnings Presentation

15 slides from Compagnie Financiere Tradition Sa's earnings presentation, Mar 24, 2023

  1. Slide 1: FY 2022 Results Presentation

    FY 2022 RESULTS PRESENTATION 24 MARCH 2023 Lausanne

  2. Slide 2: Key figures: Performance and financial position as of 31 December 2022

    Key figures: Performance and financial position as of 31 December 2022 CHF CHF 1,028m 89m Net profit – Revenue* Group share CHF CHF 130m ~823m Underlying Market operating capitalization1) profit* Compagnie Financière Tradition CHF CHF 243m 466m Net cash Shareholders’ position* equity** 2 *Adjusted b

  3. Slide 3: FY 2022 performance summary

    A shift in central-bank monetary policy away from quantitative easing and ongoing rate hikes beneficial for the Group’s operations Transition back to the office across the trading floors also benefited our activities FY 2022 performance summary, in mCHF • Revenue growth: positive development reflect

  4. Slide 4: Business model with strong operating leverage

    Business model with strong operating leverage Notional transacted annually in hundreds of USD trillion with low commission fee Revenue Support cost generation structure Front Office Growth cost structure Operating profit Contribution Commission only revenue driven Highly scalable support by cyclical

  5. Slide 5: From reported to adjusted revenue

    From reported to adjusted revenue Growth in both IDB and Non-IDB businesses in constant currencies Reported and adjusted revenue Adjusted revenue by business M CHF Joint ventures M CHF +10.4% Subsidiaries IDB (reported) +10.6% 994.7 946.8 917.0 +13.9% 409.1 442.5 487.2 1 028.6 981.2 H2 950.8 81.2 78

  6. Slide 6: Geographies

    Diversified revenue portfolio both in terms of geographies and asset classes Positive revenue development trend reflected in all regions Europe, Middle East, Breakdown by region in 2022 Africa • United Kingdom, United Asia Pacific Asia Pacific; Kingdom; • France, 27% 28% Americas • Belgium, • Japan,

  7. Slide 7: Products

    Diversified revenue portfolio both in terms of geographies and asset classes Favorable market conditions in Interest rate and FX products and securities and security derivatives Currencies and Securities and rates security derivatives Commodities Non-IDB Breakdown by product in 2022 Non IDB; 3% • In

  8. Slide 8: Adjusted underlying operating profit up 34.0% to CHF 130.3m

    Adjusted underlying operating profit up 34.0% to CHF 130.3m Improved average annualized productivity to CHF 774’000 per individual Adjusted underlying operating profit IDB headcount trend (Variation at constant rates) 2'373 2'387 margin 2'329 IDB Non IDB Exceptional items +34.0% 12.7% M CHF 11.3% 10

  9. Slide 9: Gaitame.com: EBITDA margin continues to improve to 54% in 2022

    Gaitame.com : EBITDA margin continue to improve to 54% in 2022 Increase in profit, number of customers and deposits in constant terms; Reported figures impacted by weaker Japanese currency Revenue trend* EBITDA trend* M CHF M CHF At current rates At constant rates (variation at constant rates) At cu

  10. Slide 10: Sustained performance from equity investment with profit up 38.6%

    Sustained performance from equity investment with profit up 38.6%, in particular Ping An Tradition in Mainland China Net financial result: FX gain due to movements in the Russian Ruble Net profit – Group share M CHF FY 2022 FY 2021 Change Change Interest expense on bank borrowings and bonds at at (n

  11. Slide 11: Continued focus on sound balance sheet with important shareholders' equity and net cash position

    Continnued focus on sound balance sheet with important shareholders’ equity and net cash position Marginal amount of intangible assets Assets Equity and Liabilities M CHF 31.12.2022 31.12.2021 M CHF 31.12.2022 31.12.2021 Property, Plant & Equipment 19.5 22.4 Capital 19.1 19.1 Right-of-use assets 50.

  12. Slide 12: Shareholders' equity of CHF 466.0m and net cash position increasing to CHF 243m

    Shareholders’ equity of CHF 466.0m before deduction of own shares of CHF 23.5m and net cash position increasing from CHF 203m to CHF 243m1) with strong operating cash flows Negative currency translation reserve increasing to CHF 236.8m Shareholders’ equity breakdown Net cash position trend Capital a

  13. Slide 13: Business model incorporates a strong operating upside

    Business model incorporate a strong operating upside Consistent dividend payout Performance trend between 2005 to 2022* Dividend payout trend 2005 to 2022 (in CHFm) Revenue 1'800 Revenue at constant rates 500 Underlying operating profit 1'600 1'556 Net profit Group share 450 CAGR 5 1'417 years 8.0 8

  14. Slide 14: CFT, a Swiss group ranked amongst the top 3 worldwide in its sector

    CFT, a Swiss group ranked amongst the top 3 worldwide in its sector Roadmap based on growth initiatives, operational performance and quality of balance sheet 1 Track record of agility to cope with market cycles and structural trends 2 Positive impact from the normalization of central banks’ policies

  15. Slide 15: Thank you

    4Tradition Thank you Global Leaders In Interdealer Broking J

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