Vtb · RUS:VTBR
Vtb — H1 2016 Earnings Presentation
17 slides from Vtb's earnings presentation, Aug 16, 2016
Slide 1: VTB Group 1H'2016 Results
VTB Group 1H’2016 Results Herbert Moos CFO and Deputy Chairman of VTB Bank Management Board Dmitry Pyanov Senior Vice President, Head of Finance Department Leonid Vakeyev Managing Director, Head of Investor Relations August 16, 2016 1
Slide 2: Forward-looking statements disclaimer
Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of PJSC VTB Bank ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous a
Slide 3: VTB Group 1H'2016 Performance Highlights
VTB Group 1H’2016 Performance Highlights Key selected items (in RUB bn) 1H’16 1H’15 Change 2Q’16 2Q’15 Change Net interest income 207.0 110.1 88.0% 108.7 65.7 65.4% Net fee and commission income 36.6 32.6 12.3% 19.2 17.2 11.6% Operating income before provisions 237.0 170.8 38.8% 125.9 85.9 46.6% Pro
Slide 4: Interest Income and Average Yields
Interest Income and Average Yields 11.1% 10.8% Interest income and average yields RUB bn 11.0% 11.1% 10.9% Yield on customer 10.8% 10.8% 9.9% 9.9% loans Yield on total interest +4% bearing assets 10.0% 9.9% 9.8% 10.0% 9.7% 534.7 558.4 +5% Interest income on 8% 8% other interest bearing assets 262.2
Slide 5: Interest Expense and Cost of Funds
Interest Expense and Cost of Funds Interest expense and cost of interest bearing liabilities RUB bn 7.6% 8.2% 7.3% 7.1% 6.7% 6.5% 6.4% Cost of total interest 6.8% 6.7% 6.8% 7.1% 6.4% 6.4% 6.4% bearing liabilities -17% Cost of customer deposits (1) -16% 424.6 351.4 49% 32% 196.5 189.3 197.9 Interest
Slide 6: Net Interest Income and NIM
Net Interest Income and NIM (1) Net interest income RUB bn +88% +65% 207.0 108.7 110.1 93.1 98.3 85.9 65.7 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 1H'15 1H'16 Net interest margin % +160 bps +170 bps 4.0% 3.7% 3.2% 3.4% 3.1% 2.4% 2.0% 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 1H'15 1H'16 (1) Calculated as net interest inc
Slide 7: Fee and Commission Income
Fee and Commission Income Fee and commission income breakdown RUB bn +17% +20% Other fee and 49.5 commission income 42.2 15% Commission on 12% 6% operations with securities 28.4 5% 12% and on capital markets 28.0 26.0 18% 23.5 21.7 12% 17% Commission on 15% 18% 11% 15% 7% guarantees issued and 13% 1
Slide 8: Provision Charge for Loan Impairment and Cost of Risk
Provision Charge for Loan Impairment and Cost of Risk Provision charge for loan impairment credit related commitments RUB bn +28% +100% 102.0 Provision charge for 79.7 impairment of credit 36.1 5.5 related commitments 62.3 56.0 Provision charge 0.8 41.2 39.7 44.0 33.2 for impairment of loans 14.3 32
Slide 9: Loan Book Quality
Loan Book Quality Provision for loan impairment RUB bn NPLs (90+) RUB bn 7.6% 7.1% 7.3% 7.4% 7.0% 7.2% 7.1% 6.7% 6.8% 6.3% +3% +4% +2% 0% 690 674 673 678 664 653 599 644 635 663 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 Allowance for loan imp
Slide 10: Staff and Administrative Expenses
Staff and Administrative Expenses Staff costs and administrative expense RUB bn 1.7% 1.8% 1.8% 1.8% 1.8% 1.8% 1.7% 61.9% 49.1% Cost / Avg. assets 59.6% 51.1% 54.5% +10% Cost / Income ratio 45.2% 44.2% 116.3 105.8 +9% 40.8 38.3 Administrative expenses 55.6 60.5 60.6 55.7 51.2 20.4 Staff costs (1) 22.
Slide 11: Balance Sheet Structure and BIS Capital
Balance Sheet Structure and BIS Capital Assets structure RUB bn Liabilities structure RUB bn BIS Group capital RUB bn -10% 15.2% 15.6% 15.1% 14.3% -10% 12.4% -4% 13.7% 12.9% 13.3% 13,642 -4% 12.4% 12,792 5% 12,801 10.1% 12,334 11,743 5% 5% 12,188 8% 5% -5% 6% 5% 10% 11,370 11,352 10,936 5% 5% 10,656
Slide 12: Assets and Liabilities by Currency
Assets and Liabilities by Currency Total assets RUB bn Total liabilities RUB bn 13,642 12,334 12,188 41% 10,936 34% FX 44% FX 41% RUB RUB 59% 66% 56% 59% 31-Dec-15 30-Jun-16 31-Dec-15 30-Jun-16 Net loans and advances to customers RUB bn Customer deposits RUB bn 9,438 8,673 7,859 7,267 37% 31% FX FX
Slide 13: Loan Portfolio and Customer Deposits
Loan Portfolio and Customer Deposits Loans and advances to customers RUB bn Customer deposits RUB bn -7% +8% +1% +6% 10,110 9,517 9,258 9,363 8,608 7,432 7,859 7,144 7,267 6,078 80% 81% 79% 78% 64% 78% 60% 62% 64% 62% 20% 19% 21% 22% 38% 36% 40% 38% 36% 22% 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30
Slide 14: Business with Legal Entities
Business with Legal Entities Loans to legal entities RUB bn Deposits of legal entities RUB bn -10% +1% +14% 8,150 7,594 7,270 7,320 6,720 +9% 4,551 4,607 5,009 4,384 3,774 25% 23% 28% 32% 23% 77% 75% 77% 68% 72% 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-1
Slide 15: Business with Individuals
Business with Individuals Loans to individuals RUB bn Deposits of individuals RUB bn +4% -1% +1% +3% 2,883 2,824 2,850 1,960 1,988 2,043 2,594 1,888 1,922 16% 2,305 16% 18% 15% 44% 16% 44% 44% 44% 45% 7% 6% 6% 6% 7% 5% 5% 5% 84% 84% 82% 6% 6% 84% 85% 43% 43% 45% 45% 45% 30-Jun-15 30-Sep-15 31-Dec-15
Slide 16: 2016 Management Expectations
2016 Management Expectations Indicator Measurement Optimistic scenario Conservative scenario Macro GDP, nominal % YoY 0.5 -1.2 CPI inflation % YoY 7.0 7.6 Oil price (Urals), average USD/bbl 50 40 CBR key rate, average % 9.1 10.0 Banking sector Loan growth - Loans to legal entities % YoY 5-10 0-5 - L
Slide 17: Investor Relations
Investor Relations Tel: +7 (495) 775-71-39 e-mail: investorrelations@vtb.ru 17