Vp Bank Ag Class A · SIX:VPBN
Vp Bank Ag Class A — Shareholder Meeting (April 2005)
35 slides from Vp Bank Ag Class A's shareholder meeting presentation, Apr 29, 2005
Slide 1: Welcome to April 29, 2005, Annual shareholders meeting
Welcome to April 29, 2005, Annual shareholders meeting
Slide 2: Chairman's address
Hans Brunhart, Chairman of the Board April 29, 2005 Chairmans‘s address
Slide 3: Hans Brunhart, Chairman of the Board
Hans Brunhart Chairman of the Board 3
Slide 4: Agenda items
Agenda items 1. Approval of 2004 financial statements 2. Appropriation of available earnings (parent Bank, Vaduz) 3. Discharge of directors 4. Elections 5. Miscellaneous 4
Slide 5: Agenda items: Approval of the annual financial statements
Agenda items 1 Approval of the annual financial statements The Board of Directors proposes: That the 2004 financial statements (balance sheet, income statement, related notes and annual report) of the VP Bank Group and parent Bank be approved. 5
Slide 6: Adolf E. Real, Chief Executive Officer
Adolf E. Real Chief Executive Officer 6
Slide 7: Profile 2004
Profile 2004 549 26.1 bln. Staff Client assets under management 91.2 mln. Consolidated net profit 790.8 mln. 7.9 bln. Shareholders’ Total assets equity 7
Slide 8: Income statement
Income statement 8
Slide 9: Operating income
Operating income 2003 2004 264.5 260.4 in CHF million 122.4 111.9 -1.5 % 109.4 99.0 23.8 22.0 19.4 17.0 Interest Fee & commission Trading Other Operating income income income income income 9
Slide 10: Operating expenses
Operating expenses 2003 2004 125.9 in CHF million 125.0 84.9 83.4 0.7 % 41.6 41.0 Personnel G&A Operating expenses expenses expenses 10
Slide 11: Depreciation and amortization
Depreciation and amortization 2003 29.3 2004 in CHF million 23.1 -21.3 % Depreciation and amortization 11
Slide 12: Provisions
Provisions 2003 2004 in CHF million 10.9 9.5 -12.4 % Provisions 12
Slide 13: Consolidated net profit
Consolidated net profit in CHF million 260.4 91.2 4 . 0 6 .2 1 9 2 10.7 32.5 126.0 .7 0 1 0 .5 2 3 . 6 2 1 Operating Operating D&A and Taxes and Net profit income expenses provisions minority interests 13
Slide 14: Balance sheet
Balance sheet 14
Slide 15: Total assets
Total assets 2003 2004 in CHF billion 8.2 7.9 -3.5 % Total assets 15
Slide 16: On-balance-sheet customer deposits
On-balance-sheet customer deposits 2003 2004 in CHF billion 7.2 6.8 -4.8 % On-balance-sheet customer deposits 16
Slide 17: Shareholders' equity
Shareholders’ equity 790.8 91.2 .8 0 9 7 .2 1 9 744.2 - 29.6 - 15.0 .2 4 7 .6 9 -2 .0 5 -1 Legally required equity capital Shareholders’ equity Dividend Treasury shares; Consolidated Shareholders’ equity 31.12.2003 distribution currency net profit 31.12.2004 translation 17
Slide 18: Due from customers
Due from customers 2003 2004 in CHF billion 0.2 2.7 2.6 0.3 9% 0.6 10 % 1.6 22 % +4.8 % 59 % Due from Mortgage-backed Other Loans to Non-collateralized customers loans collateral public-sector loans entities 18
Slide 19: Client assets under management
Client assets under management 19
Slide 20: Client assets under management
Client assets under management 2003 2004 in CHF billion 26.1 1.5 25.8 1 8 . . 6 6.8 5 2 .5 1 6% 2 .8 6 26 % 17.8 .8 7 1 +1.2 % 68 % Client assets Client Customer Fiduciary under management accounts deposits transactions (on-balance- sheet) 20
Slide 21: Selected market expansion activities 2004/2005
Adolf E. Real, Chief Executive Officer Selected market expansion activities 2004/2005
Slide 22: VP Vermögensverwaltung GmbH in Munich
VP Vermögensverwaltung GmbH in Munich 1 22
Slide 23: VP Vermögensverwaltung GmbH in Munich
VP Vermögensverwaltung GmbH in Munich2 23
Slide 24: VP Bank Representative office in Moscow
VP Bank Representative office in Moscow Goals in Russia Proactive Bonding New client steering of with existing acquisition compliance clientele March 15, 2005 initiation of activities 24
Slide 25: 2005 – VP Bank heading into the future with optimism
2005 – VP Bank heading into the future with optimism • Satisfactory 2004 financial results • Clear strategic orientation • Targeted market expansion in select markets • Investment 25
Slide 26: The vision of VP Bank
The vision of VP Bank We rank among the best private banks. We earn the privilege of being the preferred partner of our clients. 26
Slide 27: Hans Brunhart, Chairman of the Board
Hans Brunhart Chairman of the Borad 27
Slide 28: Agenda item 1
Agenda item 1 The Borad of Directors proposes, that the 2004 financial statements of the VP Bank Group and parent Bank be approved. 28
Slide 29: Agenda item 2: Appropriation of available earnings
Agenda item 2 2. Appropriation of available earnings (parent Bank) The Board of Directors proposes: • That a dividend totaling CHF 81‘553‘731.83 be distributed (CHF 6.00 / CHF 0.60 per bearer share / registered share, respectively) CHF 35‘488‘582.20 29
Slide 30: Agenda item 2: Appropriation of available earnings
Agenda item 2 2. Appropriation of available earnings (parent Bank) The Board of Directors proposes: • That CHF 45‘000‘000.00 be appropriated to other reserves • That CHF 1‘065‘149.63 be carried forward to the new accounting period 30
Slide 31: Agenda item 3: Discharge
Agenda item 3 3. Discharge The Borad of Directors proposes: •That the memebers of the Board of Directors be granted discharge 31
Slide 32: Agenda item 4: Elections
Agenda item 4 4. Elections 4.1 The Board of Directors proposes that: Prof. Dr. Beat Bernet, Dr. Matthias Donhauser, Walo Frischknecht, be re-elected as Board members to a new Three- year term of office. 32
Slide 33: Agenda item 4: Elections (auditors)
Tagesordnung 4 4. Elections 4.2 The Board of Directors proposes that: - as well as that - Ernst & Young, Bern, be re-elected to a further term of office as statutory and Group auditors. 33
Slide 34: Agenda item 5: Miscellaneous
Agenda item 5 5. Miscellaneous 34
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