Vtb · RUS:VTBR
Vtb — FY2011 Earnings Presentation
17 slides from Vtb's earnings presentation, Apr 25, 2012
Slide 1: VTB Group FY'2011 Results
VTB Group FY’2011 Results Herbert Moos CFO, Deputy Chairman of the Management Board Jyrki Talvitie SVP, Head of Financial Institutions and Investor Relations 1 April 25, 2012 © VTB 2011
Slide 2: Forward-looking statements disclaimer
Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of JSC VTB Bank ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous as
Slide 3: VTB Group FY'2011 Financial Highlights
VTB Group FY’2011 Financial Highlights VTB showed excellent results in 2011: FY’2011 FY’2010 y-o-y Net profit climbed 65% to RUB90.5 bn y-o-y, representing Net profit (in the strongest annual result in the Group’s history RUB bn) 90.5 54.8 65.1% ROE (1) (%) 15.0 10.3 470 bps With 54% y-o-y incre
Slide 4: VTB Group 2011 Performance by Global Business Line
VTB Group 2011 Performance by Global Business Line Assets Breakdown by Segment OperatingAverage Income Yield Breakdown and Cost of Funds (1) by Segment Other Other 4% 1% Retail 20% Retail 35% CIB CIB 64% 76% NII (2) and F&CI performance Profit Before Taxation FY'10 FY'11 FY'10 FY'11 +51% +83% +44% 9
Slide 5: CIB: Corporate Assets and Liabilities – Another Year of Strong Growth
CIB: Corporate Assets and Liabilities – Another Year of Strong Growth Corporate Loan Portfolio Corporate Average Liabilities Yield and Cost of Funds Term deposits Current accounts +50% +66% 3,666 3,766 2,472 2,435 2,518 2,508 2,668 1,772 597 649 1,465 1,592 540 490 508 (RUB bn) (RUB bn) 1,875 1,786
Slide 6: CIB: Global Transaction Banking – Impressive Results Achieved
CIB: Global Transaction Banking – Impressive Results Achieved Net fee and Commission Income Sales Development Average Yield and Cost of Funds +63% Strong sales teams put in place for Cash Management, Trade and Working capital solutions 23.2 Complex and customised solutions established and sold t
Slide 7: CIB: Investment Banking – Leadership in Russia Maintained
CIB: Investment Banking – Leadership in Russia Maintained VTB Capital League Tables 2011 Key Developments in 4Q’2011 Global Banking: Amount, Russia & CIS M&A # Lead Manager # of deals (USD mln) ECM: 2 IPO/SPO deals (18% from 2011 Russian 1 VTB Capital 61,381 36 IPO/SPO market (1)) Polymetal USD 77
Slide 8: Retail Banking – Solid Growth Supported by Improved Efficiency
Retail Banking – Solid Growth Supported by Improved Efficiency Retail Loan Portfolio Retail Deposits Average Yield and Cost of Funds Mortgage loans Car loans Consumer loans & other Term deposits Current accounts +55% +52% 1,162 1,079 824 763 255 862 198 748 781 609 160 542 555 439 138 412 143 329 27
Slide 9: Financial Update
Financial Update =a SVB
Slide 10: Solid Operating Income
Solid Operating Income Operating Income, q-o-q Operating Income, y-o-y 27% 30% 286.6 76.7 Net fee and commission 39.2 income 80.1 12.1 221.1 72.9 Net interest income before 9.9 56.9 14.7 60.4 provisions (1) 9.7 24.7 8.0 9.2 6.8 (RUB bn) 6.9 88.0 247.2 Other operating 59.4 (RUB bn) income 45.6 54.2 4
Slide 11: Costs Affected by Seasonal Factors and Bank of Moscow Consolidation
Costs Affected by Seasonal Factors and Bank of Moscow Consolidation Staff and Administrative Expenses, q-o-q y-o-y 66.1% 49.4% 43.0% 44.9% 45.3% 42.8% 45.2% (1) 41.3% 49.5% (1) 141.5 50.7 95.1 33.0 34.3 66.9 27.1 24.3 (RUB bn) 23.5 (RUB bn) 13.1 14.9 44.7 13.7 14.6 26.4 13.4 19.9 19.4 74.6 8.9 50.4
Slide 12: Asset Quality Improving
Asset Quality Improving Quarterly P&L Provision Charge (1) P&L Provision Charge(1), y-o-y Provision charge for loan impairment / Average Provision charge for impairment gross loan portfolio of debt financial assets -44% -39% 1.4% 1.1% 1.9% 1.2% 0.9% 0.5% 0.9% 11.3 51.6 9.6 8.0 7.7 31.6 (RUB bn) (RUB
Slide 13: Healthy Balance Sheet Boosted by Bank of Moscow Acquisition
Healthy Balance Sheet Boosted by Bank of Moscow Acquisition Assets Structure, q-o-q Net Interest Spread, y-o-y 6,790 9.3% 10.1% Average yield on 8.9% 9.0% 9.0% 6,337 Cash and mandatory interest earning 7% reserves assets 6% 4.4% 5.7% 14% 4.9% Average cost of 13% Securities 4,720 interest bearing 4,2
Slide 14: Acquisitions Update
Acquisitions Update Bank of Moscow – Recent Developments Average –Yield TransCreditBank andDevelopments Recent Cost of Funds December 2011: November 2011: VTB Group increased its ownership share from VTB Group purchased 20 mln shares of BoM from 74.48% to 74.62% by purchasing shares from non-con
Slide 15: Appendix
Appendix
Slide 16: VTB Group Public Debt Instruments
VTB Group Public Debt Instruments VTB Group Public Debt Instruments Outstanding (1) VTB Group Public Debt Instruments Outstanding Equivalent Maturity Equivalent Maturity Borrower amount Instrument Date/Put or Coupon Borrower amount Instrument Date/Put or Coupon (USD, mln) Call Option (USD, mln) Call
Slide 17: VTB Group International Public Debt Instruments Issued in 2011-2012
VTB Group International Public Debt Instruments Issued in 2011-2012 Borrower Date of issue Amount (mln) Instrument Maturity date Coupon/rate VTB February 2011 USD 750 Series 12 EMTN 2 February 2018 6.315% VTB June 2011 SGD 300 Series 13 EMTN 2 June 2014 3.4% VTB July 2011 USD 3,130 Syndicated loan J