Slide 1: VP Bank Group Annual report 2011
VPBankGroup Annualreport2011 6March2012,SIXSwissExchange Program 1 Welcoming remarks HansBrunhart,ChairmanoftheBoard 2 Financialresults2011 Fredy Vogt,ChiefFinancialOfficer 3 VPBank– transformation RogerH.Hartmann,ChiefExecutiveOfficer 4 Environmentandgeneralcircumstance HansBrunhart,ChairmanoftheBo
Slide 2: Welcoming remarks / Financial results 2011
Welcoming remarks HansBrunhart ChairmanoftheBoard 3 Financialresults2011 Fredy Vogt ChiefFinancialOfficer 4
Slide 3: Overview of topics / VP Bank Group profile as at 31 December 2011
Overviewoftopics • Profileasat31December2011 • Consolidatedincomestatement • Consolidatedbalancesheet • Clientassets • Segments • Dividend • Summary&outlook 5 VPBankGroup– Profileasat31December 2011 737.8 employees CHF898.6 (FTE) million shareholders’ CHF39.0billion equity clientassets CHF6.4million
Slide 4: Consolidated income statement
Consolidated income statement 7 Totaloperatingincome 2010 2011 inCHFmillion 2 3. 25 5 4. 22 0 3. 9 13 1. 12 –11.4% .5 .6 74 66 .9 45 .4 29 .1 9 0 7 -1 5. 1. 0. Interest Commission Trading Financial Otherincome Totaloperating income business activities instruments income 8
Slide 5: Operating expenses
Operating expenses 2010 2011 inCHFmillion 5 7 9. 7. 17 17 9 8 4. 1. 12 12 –1.0% .7 .9 57 52 Personnel Generaland Operating expenses administrative expenses expenses 9 Depreciation andamortization 2010 2011 inCHFmillion .7 38 .6 33 –13.2% Depreciationand amortization 10
Slide 6: Valuation allowances, provisions and losses / Consolidated net income
Valuation allowances,provisions andlosses 2010 .8 15 2011 inCHFmillion 8 5. –63.5% Valuationallowances, provisionsandlosses 11 Consolidated net income inCHFmillion 5 4. 4 22 6. .4 9 0. 39 7 7. 17 Totalnet Operating Depreciation & Income Consolidated operating expenses amortization, taxes net income
Slide 7: Total comprehensive income / Consolidated balance sheet
Totalcomprehensive income 2010 2011 inCHFmillion .5 11 +267% 3 4. Totalcomprehensive income 13 Consolidated balance sheet 14
Slide 8: Total assets / Shareholders' equity
Totalassets 2010 2011 .6 .7 10 10 inCHFbillion +1.4% Totalassets 15 Shareholders‘ equity inCHFmillion 8 6 6. 8. 90 89 4 4 0 6. 5. 1. 1 1. –2 Shareholders’ Dividend Financial Treasury Net Shareholders’ equity distribution instruments shares,LTIand income equity 01/01/2011 FVTOCI foreign-currency 31/1
Slide 9: Due from banks / Due from customers
Due from banks 2010 2011 23 6 4 inCHFmillion 14 5' 5' –8.5% Duefrombanks 17 Due from customers 2010 2011 inCHFmillion 1 85 3‘ 7 26 11% 3‘ +17.9% 30% 59% Due from Mortgage Other Unsecured customers collateral collateral 18
Slide 10: Financial instruments / Client assets
Financialinstruments 2010 2011 inCHFmillion 8 3. 99 +25.6% 9% 1 1. 7% 79 84% Financial Debt Equity Trading instruments securitiesincl. securities portfolios and creditderivatives derivatives 19 Clientassets 20
Slide 11: Client assets / Client assets under management
Clientassets 2010 2011 .8 40 inCHFbillion .0 39 30% –4.5% 2% .8 7 23% 1 45% Clientassets Client On-balance- Fiduciary Custody securities sheet client deposits assets accounts deposits 21 Clientassets under management 2010 2011 inCHFbillion .8 .2 .0 –1 .4 28 +1 27 Clientassets Performance Netnew Clie
Slide 12: Client assets under management by asset class / Segments
Clientassets under management – assetclasses 31/12/2010 VPBankgroup asat31/12/2011 3% 21% 3% 33% Liquidity 23% 33% Bonds Equities Investmentfunds 19% 18% Other 22% 25% 23 Segments 24
Slide 13: Overview of segments as of 31/12/2011 / Dividend
Overviewofsegmentsasof31/12/2011 Banking Wealth Private CFO& Liechtenstein& Management *inCHF Banking Corporate Group Regional Solutions& International Center Markets Services Groupnetresult 75.5mn 9.4mn –52.3mn –25.3mn 7.3mn beforetax* Clientassets 17.3bn 8.6bn 1.2bn 0.3bn 27.4bn under management*
Slide 14: Dividend / Dividend yield
Dividend 2010 inCHFmillion inCHF 2011 9 8. 5 3. 3 4. 5 1. Groupnetincome Dividends Dividendperbearer share attributabletothe shareholdersof VPBank 27 Dividendyield 9% 3. 5% 3. 0% 3. 8% 8% 1. 1. 2007 2008 2009 2010 2011 28
Slide 15: Summary & outlook / key financial indicators
Summary &outlook 29 VPBankGroup– keyfinancialindicators 31/12/2010 31/12/2011 Tier1ratio 19.0% 18.2% Cost/income ratio 70.9% 79.2% Value-at-Risk inCHFmillion 27.3 41.8 GroupnetresultperbearershareCHF 2.62 0.75 30
Slide 16: VP Bank Group summary 2011 / VP Bank transformation
VPBankGroup– summary 2011 Consoli- datednet Netnewmoney income gainofCHF1 6.4million Excess billion equity Cost capital savings continued Dividend yieldof 1.8% 31 VPBank– transformation RogerH.Hartmann Chief Executive Officer
Slide 17: Where we stand – transformation process
Where we stand– transformation process Goal Actual Start 20months 20months 01/09/2010 30/04/2012 31/12/2013 «Transformation» «Implementation» «Normaloperations» Establishclient-orientedmanagementstructure Launch growthinitiatives andreinforcemarketingclout Enhanceefficiency: streamlineservicecatalog
Slide 18: VP Bank roadmap – implementation
VPBankroadmap – implementation Goals: Heightened Increased Reduced efficiency and revenues costs productivity • Byend-2013,a10%reductionofthecostbase • AnnualaverageincreaseinNNMof5%* Rangeofsubjects: Clientfront,redundancies,reviews ofinternal andexternal service providers,pricing,product catalogue
Slide 19: Questions & Answers
Questions &Answers HansBrunhart RogerH.Hartmann FredyVogt 37 38