VP Bank AG Class A · SIX:VPBN
VP Bank AG Class A — Shareholder Meeting (April 2004)
30 slides from VP Bank AG Class A's shareholder meeting presentation, Apr 30, 2004
Slide 1: Welcome to the April 30, 2004, annual shareholders meeting
Welcome to the April 30, 2004, annual shareholders meeting
Slide 2: VP Bank - flexible, open and focused on the future
Hans Brunhart, Chairman of the Board April 30, 2004 VP Bank - flexible, open and focused on the future
Slide 3: Chairman's address
Chairman of the Board Chairman's address
Slide 4: Agenda items
Agenda items 1. Approval of 2003 financial statements 2. Appropriation of available earnings (parent Bank, Vaduz) 3. Discharge of directors 4. Elections 5. Miscellaneous Annual shareholders meeting, April 30., 2004/COM/4
Slide 5: Agenda item 1: Approval of the annual financial statements
Agenda item 1 Approval of the annual financial statements The Board of Directors proposes: • That the 2003 financial statements (balance sheet, income statement, related notes and annual report) of the VP Bank Group and parent Bank be approved. Annual shareholders meeting, April 30., 2004/COM/5
Slide 6: Strengthened, VP Bank heads into the future
Adolf E. Real, Chief Executive Officer April 30, 2004 Strengthened, VP Bank heads into the future
Slide 7: Prepared for the future
Prepared for the future • Shareholder base stabilized • Results-oriented management information system introduced • Internal and external transparency enhanced • Cost controls strictly maintained • Marketing and investor relations activities expanded Annual shareholders meeting, April 30., 2004/COM/
Slide 8: Profile 2003
Profile 2003 Annual shareholders meeting, April 30., 2004/COM/8
Slide 9: Operating income
Operating income Annual shareholders meeting, April 30., 2004/COM/9
Slide 10: Operating expense
Operating expense Annual shareholders meeting, April 30., 2004/COM/10
Slide 11: Depreciation and amortization
Depreciation and amortization Annual shareholders meeting, April 30., 2004/COM/11
Slide 12: Provisions
Provisions Annual shareholders meeting, April 30., 2004/COM/12
Slide 13: Consolidated net profit
Consolidated net profit Annual shareholders meeting, April 30., 2004/COM/13
Slide 14: Balance sheet total
Balance sheet total Annual shareholders meeting, April 30., 2004/COM/14
Slide 15: On-balance-sheet customer funds
On-balance-sheet customer funds Annual shareholders meeting, April 30., 2004/COM/15
Slide 16: Shareholders' equity
Shareholders‘ equity Annual shareholders meeting, April 30., 2004/COM/16
Slide 17: Stock market capitalization
Stock market capitalization Annual shareholders meeting, April 30., 2004/COM/17
Slide 18: Due from customers
Due from customers Annual shareholders meeting, April 30., 2004/COM/18
Slide 19: Client assets under management
Client assets under management Annual shareholders meeting, April 30., 2004/COM/19
Slide 20: Looks promising...
2004 Looks promising... ... ... but also presents new challenges Annual shareholders meeting, April 30., 2004/COM/20
Slide 21: Our job – private banking
Our job – private banking Annual shareholders meeting, April 30., 2004/COM/21
Slide 22: Target market: Germany
Target market: Germany • One of VP Bank‘s key target markets • Increasing potential (> 700,000 individuals with personal assets in excess of €1 million) • Number of millionaires continues to grow Annual shareholders meeting, April 30., 2004/COM/22
Slide 23: Business model: Germany onshore
Business model: Germany onshore Annual shareholders meeting, April 30., 2004/COM/23
Slide 24: Faith in the strength of VP Bank, and Liechtenstein as a financial center
Faith in the strength of VP Bank, and Liechtenstein as a financial center Annual shareholders meeting, April 30., 2004/COM/24
Slide 25: We rank among the top private banks.
Our vision We rank among the top private banks. Annual shareholders meeting, April 30., 2004/COM/25
Slide 26: Agenda item 2: Appropriation of available earnings (parent Bank)
Agenda item 2 Appropriation of available earnings (parent Bank) The Board of Directors proposes: • That a dividend totaling CHF 78,203,227.08 be distributed (CHF 5.00 / CHF 0.50 per bearer share / registered share, respectively) CHF 29,573,818.50 • That CHF 48,000,000.00 be appropriated to other res
Slide 27: Agenda item 3: Discharge
Agenda item 3 Discharge The Board of Directors proposes: • That the members of the Board of Directors be granted discharge Annual shareholders meeting, April 30., 2004/COM/27
Slide 28: Agenda item 4: Elections
Agenda item 4 Elections – The Board of Directors proposes that: • Roland Feger • Markus T. Hilti • Dr. Guido Meier be re-elected as Board members to a new three-year term of office; –as well as that – • Ernst & Young, Bern be re-elected to a further term of office as statutory and Group auditors. An
Slide 29: Agenda item 5: Miscellaneous
Agenda item 5 Miscellaneous Annual shareholders meeting, April 30., 2004/COM/29
Slide 30: Annual shareholders meeting, April 30, 2004
Annual shareholders meeting, April 30., 2004/COM/30