Compagnie Financiere Tradition Sa · SIX:CFT
Compagnie Financiere Tradition Sa — H1 2015 Earnings Presentation
11 slides from Compagnie Financiere Tradition Sa's earnings presentation, Aug 27, 2015
Slide 1: Compagnie Financière Tradition H1 2015 results presentation
Compagnie Financière Tradition H1 2015 results presentation Zurich 27 August 2015
Slide 2: Group results benefit from maintained focus cost management
Group results benefit from maintained focus cost management Reported operating profit up close to 36% to CHF 35.9m Results at a glance H1 2015 Performance M CHF • Overall Group revenue stabilised (Variation at constant rates) • Different trend per region and asset classes 426.6 Revenue +1.1% 425.4 •
Slide 3: Revenue overview
Revenue overview Overall revenue stabilizing Group half-year revenue Half-year revenue by business M CHF Joint ventures M CHF IDB (H1/H1 variation at constant rates) Subsidiaries H1 2014 H2 2014 H1 2015 +1.1% 452.3 442.2 457.2 Non-IDB 444.4 432.4 445.3 26.9 30.1 30.6 +64.5% 11.9 425.4 412.1 426.6 9.
Slide 4: Revenue by region
Revenue by region Strategic positioning in Asia-Pacific Europe: Americas: UK, France, Belgium, Germany, Italy, USA, Argentina, Chile, Colombia, Mexico, Luxembourg, Russia, Spain (Minority), Brazil (Minority) Switzerland Revenue in mCHF Middle East / Africa: (H1/H1 variation at constant At current ra
Slide 5: Revenue by product
Revenue by product Significant increase in commodities IDB revenue by product IDB Revenue trend M CHF (variation at constant rates) 250 (H1/H1 variation at constant rates) M CHF +0.9% +9.9% +0.9% -3.4% 200 444.4 445.3 H1 2014 H2 2014 -3.4% H1 2015 FY 2013 Rates Securities Commodities FX FY 2014 150
Slide 6: IDB underlying operating margin up to 9.2% from 7.8%
IDB underlying operating margin up to 9.2% from 7.8% Focus on performance management Underlying operating profit IDB Headcount trend 2’476 Support Front office staff margin Exceptional items Non IDB IDB 2’297 M CHF 2’229 2’125 2’121 9.9% 7.9% 7.3% 3.9 1.1 1.0 1'765 1'622 1'531 1'449 1'419 41.1 34.7
Slide 7: Net profit – Group share of CHF 21.8m
Net profit – Group share of CHF 21.8m Reduction in effective tax rate Reported operating profit M CHF H1 2015 H1 2014 Var cst. Var cur. Underlying adjusted operating profit 45.0 35.8 +28.3% +25.6% Amortisation of intangibles - -0.5 Net exceptional expenses -2.0 -4.6 Adjsuted operating profit 43.0 30
Slide 8: Balance sheet
Balance sheet Consistent focus on sound balance sheet and capital position Assets Equity and Liabilities M CHF 30.06.15 31.12.14 M CHF 30.06.15 31.12.14 Property, Plant & Equipment 14.6 17.7 Capital 17.5 16.8 Intangible assets 45.3 48.0 Share premium 23.9 27.8 Investments in associates and joint ven
Slide 9: Net cash position
Net cash position New bond issuance, taking advantage of attractive market conditions Net cash position trend Net adjusted cash flows trend* 600 M CHF Financial debts* Unavailable cash, non-current M CHF Movements in exchange rates Other liquid assets (AFS) Cash and cash equivalents 500 170 Net cash
Slide 10: Shareholders’ equity and capital structure
Shareholders’ equity and capital structure Significantly differentiates the Group from its competitors Shareholders’ equity trend M CHF 400 Total Group share 300 200 100 0 *Restated for IFRS 11 and IAS 19R Shareholders’ equity – Group share bridge Capital structure comparison1 M CHF CFT Goodwill / S
Slide 11: Outlook
Outlook • First half adjusted revenue positive trend confirmed through year-to-date August • Focus on operational performance management • Optimise IT organisation and confirm roll out priorities • Replicate in Europe the SEF achievements ahead of MiFID II implementation 11
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