Camden National Corporation · NASDAQ:CAC
Camden National — Shareholder Meeting (May 2023)
17 slides from Camden National's shareholder meeting presentation, May 23, 2023
Slide 1: 2023 Annual Meeting of Shareholders
Ge Gavgdied NATIONAL CORPORATION 2023 Annual Meeting of Shareholders May 23, 2023
Slide 2: Larry Sterrs, Director and Chair of the Board
Ge Gavgdied NATIONAL CORPORATION Larry Sterrs Director and Chair of the Board of Directors
Slide 3: Presenters
• • • • • • Presenters: Larry Sterrs Director and Chair of the Board of Directors Mike Archer Chief Financial Officer Greg Dufour President and Chief Executive Officer Recording Secretary: Joanne Campbell Executive Vice President, Enterprise Risk Management and Chief Risk Officer Inspector of Electi
Slide 4: Proposals
co Proposals Camden CORPORATION Proposal la: Amendment to provide for the annual election of directors and to eliminate the Company’s classified board structure Proposal 1b: Amendment to permit amendments to the Company’s bylaws by majority vote of the Company’s shareholders Proposal 2: Election of
Slide 5: Proposals (cont.)
¢ Proposals (cont.) Camden CORPORATION Proposal 4: Nonbinding advisory vote on the frequency of future shareholder “Say-on-Pay” votes Proposal 5: Ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023
Slide 6: Mike Archer, Chief Financial Officer
Ge Gavgdied NATIONAL CORPORATION Mike Archer Chief Financial Officer
Slide 7: Forward Looking Statements
¢ Forward Looking Statements Camden CORPORATION This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including certain plans, exceptions, goals, projections, and statements, which a
Slide 8: Non-GAAP Financial Measures
co Non-GAAP Financial Measures Camden CORPORATION This presentation includes certain non-GAAP financial measures. Management uses these non-GAAP financial measures for purposes of measuring our performance against our peer group. and other financial institutions and analyzing our internal performanc
Slide 9: 2022 Financial Highlights
2022 Financial Highlights $86.8 $83.5 seis $69.0 $59.5 $614 2020 2021 2022 m= Income Before Taxes and Provisior!”($ Millions) mNet Income ($ Millions) ¢ Camden NATIONAL CORPORATION 2021 2022 Financial Performance Return on Assets 1.31% Return on Tangible Equity 15.61% Efficiency Ratio 54.85% Diluted
Slide 10: 1st Quarter 2023 Financial Highlights
1st Quarter 2023 Camach Financial Highlights consOnsnoh $20.0 $19.8 s0 e168 Financial Performance = Return on Assets® 1.09% 0.91% $12.7 Return on Tangible Equity 18.18% 14.21% Efficiency Ratio™ 56.35% 58.96% Diluted Earnings Per Share $1.05 $0.87 Dividends Per Share $0.42 $0.42 Asset Quality NPAs /
Slide 11: Greg Dufour, President and Chief Executive Officer
Ge Gavgdied NATIONAL CORPORATION Greg Dufour President and Chief Executive Officer
Slide 12: Strength and Capacity
¢ Strength and Capacity Camden NATIONAL CORPORATION | Funding, Liquidity & Capital | Liquidity & Capital . 85% of deposit balances were insured at 3/31/23 . Total available liquidity of $1.3 billion at 3/31/23 was 1.9x uninsured deposits . Customers with <$1 million in balances made up 65% of adjust
Slide 13: Our Strategic Priorities
€ Our Strategic Priorities Camden CORPORATION DEPOSITS Deposit base remains a source of strength * Expanding efforts to develop products and services * Increasing Wealth Management penetration NET INTEREST MARGIN Maintain a stabilized net interest margin * Deploying strategies to stabilize and maxim
Slide 14: Stock performance versus S&P banks indices
-100% -50% 0% 50% 100% 150% 200% 250% 300% 5/11/2008 5/11/2009 5/11/2010 5/11/2011 5/11/2012 5/11/2013 5/11/2014 5/11/2015 5/11/2016 5/11/2017 5/11/2018 5/11/2019 5/11/2020 5/11/2021 5/11/2022 5/11/2023 CAC S&P SmallCap Banks S&P U.S. BMI Banks 51.1% 20.6% 128.5% • • •
Slide 15: All data presented as of December 31, 2022
All data presented as of December 31, 2022.
Slide 16: Questions or Comments?
ON. CORPORATION Questions or Comments?
Slide 17: Thank You!
Ge Gavgdied NATIONAL CORPORATION Thon You!