Slide 1: Management Presentation March 2010
Management Presentation March 2010
Slide 2: Management Presentation March 2010
Management Presentation March 2010
Slide 3: This presentation is not an offer of securities for sale in the United States
This presentation is not an offer of securities for sale in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission, or an exemption from registration. Intergroup and its aff
Slide 4: Investment Highlights
Investment Highlights Strong, Solid, Financial System Leading Franchise in Financial Services Management Team With Deep Domestic and International Experience Demonstrated Ability to Deliver Results
Slide 5: Intergroup – A Leading Financial Services Company in Peru
Intergroup – A Leading Financial Services Company in Peru Float 72.17% 27.83% 99.29% 99.99% # 2 provider of consumer loans(1) # 2 provider of annuities # 1 provider of credit card financing # 4 insurance company by total # 4 bank by total loans and deposits premiums(2) Extensive retail n
Slide 6: Intergroup Financial Highlights
Intergroup Financial Highlights Intergroup Financial Highlights (S/. million) 2007 2008 2009 2004-2009 CAGR Total Assets 11,943 16,639 18,292 21.5% Total Loans (1) 6,059 9,176 9,950 27.1% Retails Loans (1)(2) 2,943 4,389 4,877 28.7% Total Deposits 7,281 9,630 11,472 21.0% Shareholder's Equity (3) 1,
Slide 7: 1. Strong, Solid Financial System
1. Strong, Solid Financial System
Slide 8: Strong performance indicators in the banking system
Strong performance indicators in the banking system Performing Loans (S/. billion) 2002-2009 ROE (%) (2) Retail loans(1) CAGR Other Loans 89.9 89.9 15.4% 31.3% Net Income 28.3% 24.7% 65.8 ROE (%) 22.2% 22.2% 69.6% 68.3% 48.3 13.5% 42.1 68.6% 11.3% 32.9 32.0 33.5 10.9% 3,318 67.3% 3,249 67.9% 69.0% 7
Slide 9: An industry with high growth potential
An industry with high growth potential 80% 70% Banking penetration Retail loan penetration (1) 60% 53% Deposits / GDP Mortgage Loans / GDP (%) 50% Consumer Loans / GDP (%) 40% 34% 30% 55% 19% 20% 36% 15% 14% 13% 31% 25% 25% 24% 9% 8% 10% 16% 4% 2% 2% 2% 3% 4% 2% 3% 0% Chile Bolivia VenezuelaColom bi
Slide 10: Peru´s insurance industry: high growth potential
Peru´s insurance industry: high growth potential Total Assets (S/. million) Life insurance premiums in Peru 14,131 Pension 12,753 Group life (S/. million) Individual life .3% CAGR 6 10,970 Annuities 1,832 1,879 1,587 1,597 328 313 9,821 1,470 252 282 8,788 223 535 611 301 359 382 7,161 187 220 329 3
Slide 11: 2. Leading Franchise in Financial Services
2. Leading Franchise in Financial Services
Slide 12: Strategic focus on retail banking and annuities
Strategic focus on retail banking and annuities Individual Life Retail / Mandatory Retail Banking Commercial Banking Capital Markets Annuities Insurance Traffic Insurance 49% of Loans(1) 47% of Loans(1) Asset Management 62% of 10% of 28% of 66% of Financial 31% of Financial and Other Premiums Premiu
Slide 13: Clear and Consistent Strategy
Clear and Consistent Strategy Focus in the fastest growing Distinct value proposition segments • Convenience • Second largest issuer of consumer loans (21.0%) • Customer service • Leading position in credit card (20.4%) • Innovation • Growing share in mortgages (10.7%) • Second largest provider of a
Slide 14: Interbank has outgrown the Peruvian Banking Industry
Interbank has outgrown the Peruvian Banking Industry CAGR Retail Commercial SME IBK System 9,950 20.9% 15.4% 9,176 49.6% 15.5% 13.5% 50.8% 6,059 4,118 50.9% 3,744 2,870 3,057 48.2% 2,625 53.1% 54.7% 47.8% 49.0% 28.9% 20.6% 60.7% 68.7% 48.6% 46.9% 51.7% 39.3% 45.2% 31.3% 2002 2003 2004 2005 2006 2007
Slide 15: 3. Management Team With Deep Domestic and International Experience
3. Management Team With Deep Domestic and International Experience
Slide 16: Experienced and Recognized Management Team
Experienced and Recognized Management Team
Slide 17: Strong Corporate Governance
Strong Corporate Governance Intergroup: 5 members (3 independent) Board of Interbank: 11 members (6 independent) Directors Interseguro: 7 members (3 independent) Intergroup Audit Committee (3 board members) Interbank Executive Committee (4 board members and CEO of Interbank) Committees
Slide 18: 4. Demonstrated Ability to Deliver Results
4. Demonstrated Ability to Deliver Results
Slide 19: Significant Asset Growth
Significant Asset Growth Intergroup´s Total Assets Interbank´s Loan Portfolio Interseguro´s Assets (S/. million) (S/. million) (S/. million) Commercial Credit cards Other consumer Mortgage % 1,972 1 1.4 G R 1,857 9,950 CA 1,668 % .0% 18,292 .7 9,176 1,331 24 27 G R 16,639 AGR 1,162 1,465 CA C 2,087
Slide 20: Stable and Solid Funding
Stable and Solid Funding Funding Based on Core Deposits A Solid Capital Base Interbank: Regulatory capital / Risk - weighted assets 14,305 13,121 6% 5% 9% 7% 12.1% 5% 11.8% 11.5% 10.8% Minimun 14% 1.8% regulatory 3.0% 10.0% 2.9% capital ratio: 8,912 9.5% Retail 1.3% 2.7% 3% 9.1% 41% 12% 6,505 5,385
Slide 21: Consistent Revenue Growth
Consistent Revenue Growth Gross Financial Margin and NIM Fee Income From Financial Services S/. million S/. million 1700 8.2% 8.6% 7.9% 7.9% 7.2% 1500 449.99 434 .6% 1,393 5 5.00% 24 GR 399.99 1300 5 % CA 341 1.9 349.99 1100 3 5 G R 978 CA 0.00% 299.99 5 271 900 249.99 247 737 5 700 199.99 180 577 -
Slide 22: Strong Asset Quality
Strong Asset Quality PDL & Coverage Ratios Loan Provision Expense S/. million S/. million 337% 4 3 0 4.0% 283% 300.00% 3.6% 3.2% 3.0% 267% 2.7% 363 235% 200.00% 3 5 0 176% 100.00% 0 . 0 0 % 2.9% 2 7 0 232 0.00% 19 0 1.9% -100.00% 1.5% 127 116 125 -200.00% 1.2% 110 - 5 . 0 0 % 0.9% -300.00% 3 0 -400.
Slide 23: Important improvements in efficiency
Important improvements in efficiency Interbank’s Distribution Network Operating Expenses Units S/. million ATMs 1600 59.3% 59.4% 1,500 230 1200 55.3% 57.3% 58.4% 49.3% 0.535 1400 1,401 225 210 0.335 1000 1200 900 1,000 207 190 0.135 770 1000 Branches 800 -0.065 170 800 701 578 -0.265 160 150 600 600
Slide 24: Significant Growth in Total Revenues and Net Income
Significant Growth in Total Revenues and Net Income Net Income* - Intergroup Net Income - Interbank Net Income - Interseguro S/. million ROE S/. million ROE S/. million ROE 1 00 6 00 32.1% 28.2% 26.1% 21.1% 18.3% 9 0 41.2% 34.1% 33.1% 505 1 0 .0 % 32.0% 37.5% 3 0 .0 % 31.9% 79 5 00 31.3% 8 0 27.3% 7
Slide 25: Intergroup
Intergroup Financial Services