Banca Transilvania SA · BVB:TLV
Banca Transilvania SA — Q1 2017 Earnings Presentation
24 slides from Banca Transilvania SA's earnings presentation, 2017
Slide 1: Banca Transilvania Q1 2017 Financial Results
1 BANCA TRANSILVANIA Q1 2017 Financial Results
Slide 2: Disclaimer
2 DISCLAIMER The information contained in the present document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of this information or opinions contained h
Slide 3: Agenda
3 AGENDA 1 Banking Sector Dynamics 2 Q1 2017 Highlights 3 Performance in Q1 2017 4 Overview of Business Lines 5 BT Financial Group A Financial Statements
Slide 4: Bank assets drawing near the RON 400bn benchmark
BANK ASSETS 4 drawing near the RON 400bn benchmark Bank assets reach record levels NPL ratio below 10% threshold total bank net assets source: NBR 394 NPL ratio, % source: NBR 11% 39 0 20.7% 20.2% 9% 380 377 378 38 0 370 7% 16.2% 37 0 15.7% 364 363 362 361 5.1% 5% 360 13.5% 13.5% 4.6% 4.4% 36 0 11.3
Slide 5: LCY loans to households
LCY LOANS TO HOUSEHOLDS 5 supporting the credit activity troughout the whole year The rise in credit to households Loans in LCY amounting to 57% of offsetting the decline in corporate loans total loans at 2016-end loans non-government , %YoY source: NBR loans non-government , RONbn source: NBR 13 00
Slide 6: Romanian real economy
ROMANIAN REAL ECONOMY 6 Acceleration to 4.8% YoY in 2016, highest since 2008 Two stages of the Fiscal Act: divergence Strong increase of FDIs ~ EUR 4bn consumption vs. investments Private consumption vs. fixed investments FDIs (EUR, mn) source: National Bank of Romania (NBR) (%, YoY) source: Statist
Slide 7: Financial economy
FINANCIAL ECONOMY 7 higher global financing costs vs. twin deficits and political risks in Romania The impact of the VAT cuts is fading Huge volatility and high pressure out … HICP YoY changing the trend on bonds and FX markets HICP (YoY) source: Statistics Office (NIS) EUR/RON vs. 10 YR T-Bonds yie
Slide 8: Banca Transilvania's Business Development and Financial Performance Q1 2017
8 Banca Transilvania’s Business Development and Financial Performance Q1 2017
Slide 9: Q1 2017 Highlights
9 Q1 2017 HIGHLIGHTS Mil. RON Q1 2017 Q1 2016 ∆ Operating income RONmn 586.6 600.2 -2.3% PROFITABILITY Operating expenses RONmn (300.0) (270.8) 10.8% Gross profit before provisions RONmn 286.7 329.3 -13.0% Net profit RONmn 246.2 228.5 7.7% Cost of risk, net (%) -0.08% 0.87% -109.0% NIM 3.26% 3.56% -
Slide 10: Business Performance Q1 2017 at a glance
10 BUSINESS PERFORMANCE Q1 2017 at a glance Total assets at RON 51.9 bn ● Enhanced ALM for higher efficiency Capital adequacy ratio at ● Strong capital base, supporting organic and non organic growth 18.6% Net fees and commissions at ● Driven by increased number of operations and additional cross-se
Slide 11: Trends in income structure
TRENDS IN INCOME STRUCTURE 11 +6,5% Q1 2016 Q1 2017 456 429 66 63 +10,8% 300 271 390 366 +11,1% 129 117 +36,8% 51 37 Net interest income Net fee and Net trading income Operating expenses commission income VBRO loans adjustments BANKING SECTOR OVERVIEW OF BUSINESS Q1 2917 highlights PERFORMANCE IN Q1
Slide 12: Loan structure
LOAN STRUCTURE 12 Loans to Households, RONbn Loans to Companies, RONbn 15,1 15,4 14,9 0,0 14,3 0,1 3,2 3,9 6,9 7,3 11,1 11,1 8,1 8,1 Dec’16 Mar’17 Dec’16 Mar’17 Other Housing Consumption SMEs Large corporates Loans to Households Loans to Companies 72% 28% 80% 20% RON FX RON FX *SMEs identified accor
Slide 13: Deposit structure
13 DEPOSIT STRUCTURE Deposits from Households, RONbn Deposits from Companies, RONbn 26,4 27,2 15,5 14,6 7,9 8,6 5,4 6,1 18,4 18,5 10,1 8,5 Dec’16 Mar’17 Dec’16 Mar’17 Current accounts Deposits SMEs Large corporates Deposits from Households Deposits from Companies 58% 42% 74% 26% RON FX RON FX *SMEs
Slide 14: NPL ratio at 4.90%
NPL RATIO AT 4.90% 14 NPL coverage with mortgage collaterals 127% NPL coverage with provisions 122% 119% 117% 113% 108% 46% 54% 45% 45% 46% 40% 40% 43% 39% 33%33% ● Banca Transilvania continued to provide a sound coverage ratio for its PAR 90 portfolio 6,4 75% 77% 81% 79% 74% 73% 12 13 14 15 16 Q1’1
Slide 15: Retail Banking
15 Retail Banking Retail loan portfolio reached RON 15.4 bn as at Mar’17 15.4 15,000 non-card retail loans disbursed in Q1 2017 15.1 13.6 Market share for retail loans at December 2016 - 14.25% 3.3 Internet banking users: over 820,000 Mobile banking users: over 300,000 7.5 6.8 6.3 2.9 mn a
Slide 16: SME Banking
16 SME Banking SME loan portfolio at RON 3.9 bn and 214,700 active clients 3.9 3.2 3.1 ● Banca Transilvania continued its specific focus on 0.3 the SME business sector, offering almost 4,000 2.5 2.5 2.6 new loans in Q1 2017 BT launched a new platform to support the small and micro companies 2.8
Slide 17: Corporate Banking
17 Corporate Banking Corporate loan portfolio above RON 11.1 bn 11.0 11.1 11.1 9.9 10.0 0.9 ● The reorganizational process was concluded, including client new segmentation & deeper 8.7 sectorial specialization BT was present with lending facilities especially in the industrial manufacturing and ag
Slide 18: Banca Transilvania Financial Group
Banca Transilvania Financial Group 18 As of 31.03.2017*: Total assets: 51.9 RON bn Total assets: 72 RON mn. Total assets: 139 RON mn. Total assets: 145 RON mn. AuM: 3,509 RON mn. Total assets: 605 RON mn. *Total assets for subsidiaries are presented under RAS rules BANKING SECTOR OVERVIEW OF BUSINES
Slide 19: Q1 2017 Highlights – Consolidated Figures
19 Q1 2017 HIGHLIGHTS – Consolidated Figures Mil. RON Q1 2017 Q1 2016 ∆ Operating income 647.5 621.8 4.1% Operating expenses (332.4) (288.4) 15.3% PROFITABILITY Gross profit before provisions 315.1 333.4 -5.5% Net income 266.9 231.1 15.5% EPS RON 0.0615 0.0632 -2.8% Cost of risk, net (%) 0.00% 0.86%
Slide 20: Annex I Income Statement YTD Q1 2017 - Individual
ANNEX I INCOME STATEMENT YTD Q1 2017 - Individual 20 IFRS, individual, RONmn Q1 2017 Q1 2016 ∆ Net interest income 456.3 428.6 6.5% Net fee and commission income 129.4 116.5 11.1% Net trading income 50.5 36.9 36.8% Other net income (49.7) 18.1 -373.8% Operating income 586.6 600.2 -2.3% Personnel exp
Slide 21: Annex II Balance Sheet Q1 2017 - Individual
ANNEX II BALANCE SHEET Q1 2017 - Individual 21 IFRS, individual, RONmn Mar-17 Dec-16 ∆ Cash & cash equivalents 4,428.0 5,293.6 -16.4% Placements with banks 2,820.0 2,524.9 11.7% Loans to customers, net 28,168.7 27,210.0 3.5% T-bills & securities 15,190.3 15,402.1 -1.4% Fixed assets 466.6 448.7 4.0%
Slide 22: Annex III Income Statement YTD Q1 2017 - Consolidated
ANNEX III INCOME STATEMENT YTD Q1 2017 - Consolidated 22 IFRS, consolidated, RONmn Q1 2017 Q1 2016 ∆ Net interest income 473.1 439.7 7.6% Net fee and commission income 138.7 124.0 11.9% Net trading income 61.0 31.3 95.3% Other net income (25.3) 26.9 Operating income 647.5 621.8 4.1% Personnel expens
Slide 23: Annex IV Balance Sheet 2016 - Consolidated
23 ANNEX IV BALANCE SHEET 2016 - Consolidated IFRS, consolidated, RONmn Mar-17 Dec-16 ∆ 4,428.0 5,293.7 -16.4% Cash & cash equivalents 2,878.2 2,563.8 12.3% Placements with banks 28,175.1 27,234.0 3.5% Loans to customers, net 15,176.4 15,399.7 -1.5% T-bills & securities 670.9 645.3 4.0% Fixed assets
Slide 24: Banca Transilvania HQ
24 Banca Transilvania HQ 8, G. Baritiu Street, Cluj-Napoca 400027, Romania + 40 264 407 150 + 40 264 407 179 /FAX investor.relations@btrl.ro www.bancatransilvania.ro/en/investor-relations www.bancatransilvania.ro www.bt24.ro facebook.com/BancaTransilvania twitter.com/b_Transilvania # linkedin.com/co