Credito Emiliano S.p.a. · MIL:CE

Credito Emiliano — Q1 2008 Earnings Presentation

15 slides from Credito Emiliano's earnings presentation, March 2008

  1. Slide 1: 1Q08 Group Results

    1Q08 GROUP RESULTS 1 Investor Relations March 2008

  2. Slide 2: CREDEM Group description, Highlights, 1Q08 Performance

    • CREDEM Group description • Highlights • 1Q08 Performance 2 Investor Relations March 2008

  3. Slide 3: Shareholders' base

    Shareholders’ base Pact among 230 More than 2,900 other shareholders shareholders Maramotti family 35.5% Others 37.5% 73.0% 27.0% CREDEMHOLDING Free Float 72.7% 27.3% CREDEM 3 Investor Relations March 2008

  4. Slide 4: Group structure

    Group structure Commercial banking Wealth Management Investment Banking Other CREDEM 100% 98.5% 100% 100% 100% Life Insurance 100% 100% 50% 100% FIDUCIARIA Spa General Insurance 100% * na 100% 100% 100% 100% 100% Total Customers Business 72 Billion AUM 19% 100% AUC 33% Deposits & Bonds 26% Loans 22%

  5. Slide 5: Network and Human Resources

    Network and Human Resources 2007 1Q08 1 7 Credem Branches 478 483 71 23 B.ca Euromobiliare Branches 22 22 21 Total Branches 501 505 10 132 Corporate Centres 42 42 57 15 br 3 7 Credem Points 29 32 an ch es 5 Banca Euro Financial Stores 40 34 op 21 en 1 ed 51 fr o 44 Credem Advisors 468 555 m Banca Eu

  6. Slide 6: CREDEM Group description, Highlights, 1Q08 Performance

    • CREDEM Group description • Highlights • 1Q08 Performance 6 Investor Relations March 2008

  7. Slide 7: Key figures

    Key figures ROE EPS EUR 0.90 0.88 0.82 23.2% 21.3% 19.3% 18.3% 14.6% 0.51 0.51 11.6% 13.5% 8.5% 13.5% 11.1% 14.8% 0.39 0.40 0.35 0.22 0.26 0.17 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Dividend and Payout Ratio Capital 68.6% 57.1%

  8. Slide 8: Trends

    Trends ROE Customers base (,000) 820 total customers 20.0% 800 15.0% 780 of w hich retail ers ustom customers 10.0% 18.3% 760 c ,000 815 740 5.0% 5.4% 720 3.3% 0.0% 700 1Q07 FY07 1Q08 680 2004 2005 2006 2007 Credit Quality Net NPL ratio of 0.30% (0.23% in 1Q07) Total Business compared to an industry

  9. Slide 9: Recent Developments

    Recent Developments • 50% stakes in Credemvita and Credemassicurazioni bought from ex partner Assurance Mutuelles de France (November 2007) • 5 private bank branches in main Italian cities acquired from Citibank (February 2008) • 50% stake in Credemassicurazioni sold to Reale Mutua as first step for

  10. Slide 10: CREDEM Group description, Highlights, 1Q08 Performance

    • CREDEM Group description • Highlights • 1Q08 Performance 10 Investor Relations March 2008

  11. Slide 11: Income Statement

    Income Statement* Total Income Non Interest Income 57.8 300 60 257.4 237.3 -7.8% 50 47.4 B anking Fees 200 132.3 91.9 40 A sset M anagement & 30.8 30.2 EURm -30.5% 29.1 Other Fees 30 EURm Insurance Fees 100 20 14.4 12.2 125.1 145.4 Trading Inco me +16.2% 10 2.4 2.3 Other Inco me 0 0 1Q07 1Q08 1Q07 1

  12. Slide 12: Lending

    Lending Lending volumes (net of repos) Small Business volumes expansion is the result of the setup of dedicated sales force (200 people). 16.1 +9.1% Corporate lending to high quality customers, mainly small sized 14.7 SMEs, still performs very well. 15 2.3 +8.0% 2.2 Home mortgages market share is tw

  13. Slide 13: Fundings

    Fundings* EURm 1Q07 1Q08 % yoy Spread Cont’d Deposits 12,035 14,010 +16.4 7.00 Bonds 5,880 5,101 -13.2 6.00 6.02 5.67 Discretionary Accounts 6,169 4,923 -20.2 5.44 5.55 5.00 5.36 Mutual Funds 5,877 4,518 -23.1 4.40 4.49 4.64 4.00 4.34 4.07 3.74 3.73 SICAVs 2,857 3,836 +34.3 3.67 3.69 3.72 3.00 3.25

  14. Slide 14: Group Income Statement

    Group Income Statement* EURm 1Q07 1Q08 % yoy Total Income 257.4 237.3 -7.8 Operating Costs -153.4 160.5 +4.6 EBITDA 104.0 76.8 -26.2 Amortization and Depreciation -6.7 -8.1 +20.9 EBIT 97.3 76.8 -29.4 Net Loan Writedowns -6.0 -10.0 Provisions for Risks and Expenses -0.3 4.4 Extraordinary Income (Expe

  15. Slide 15: Disclaimer and Contacts

    Disclaimer and Contacts In accordance with section 2, Article 154-bis of the consolidated Law on Finance TUF), the Financial Reporting Manager Paolo Tommasini, declares that the accounting information contained in this press release correspond to documentary records, ledgers and accounting entries.

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