Vtb · RUS:VTBR
Vtb — VTB Bank — 9M 2017 Earnings Presentation
19 slides from Vtb's earnings presentation, Nov 9, 2017
Slide 1: VTB Group 9M'2017 Results
VTB Group 9M’2017 Results Herbert Moos CFO and Deputy Chairman of VTB Bank Management Board Dmitry Pyanov Senior Vice President, Head of Finance Department Leonid Vakeyev Head of Investor Relations November 9, 2017 1
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 VTB Bank (PJSC) ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous
Slide 3: VTB Group 9M'2017 Performance Highlights
VTB Group 9M’2017 Performance Highlights RUB bn Net interest income Provision charge Net profit RESULTS CONFIRM THE FY GIDANCE AND 9M: 343.7 +11% 9M: 118.2 -19% 9M: 75.3 x2 EFFICIENT EXECUTION OF STRATEGY 3Q: 116.6 +13% 3Q: 42.2 -4% 3Q: 17.4 -7% NIM COR ROE SOLID GROWTH OF CORE REVENUES DRIVEN BY HE
Slide 4: 2017 Guidance
2017 Guidance Russia Macro Banking sector Balance sheet Efficiency & profitability GDP growth Loans growth Loans growth vs СoR legal entities market legal entities Revised upwards Revised downwards 1.7% <3% In line Below 2% CPI Loans growth Loans growth vs NIM individuals market individuals Revised
Slide 5: Interest Income and Average Yields
Interest Income and Average Yields Interest income and average yields RUB bn 10.8% 10.3% Yield on customer 10.8% 10.6% 10.6% loans 10.2% 10.1% 9.9% 9.5% Yield on total interest 10.0% -4% bearing assets 9.9% 9.8% 9.5% 9.3% 832.5 795.2 8% Interest income on -3% 8% other interest bearing assets 275.3 I
Slide 6: Interest Expense and Cost of Funds
Interest Expense and Cost of Funds Interest expense and cost of interest bearing liabilities RUB bn Cost of total interest 6.6% 6.5% bearing liabilities 6.0% 6.6% 5.7% 5.6% 5.8% Cost of customer 6.2% deposits 6.1% 6.3% 5.7% 5.5% 5.4% 5.1% -14% -13% Interest expense on 522.1 other interest bearing 45
Slide 7: Net Interest Income and NIM
Net Interest Income and NIM Net interest income RUB bn +11% +13% 343.7 310.4 113.0 114.1 116.6 103.4 104.6 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 9M'16 9M'17 Net interest margin(1) % +30 bp +40 bp 4.1% 4.1% 4.1% 4.1% 3.8% 3.8% 3.7% 3Q'16 4Q'16 1Q'17 2Q'17 3Q'17 9M'16 9M'17 (1) Calculated as net interest inco
Slide 8: Fee and Commission Income
Fee and Commission Income Fee and commission income breakdown RUB bn +22% 93.1 +24% 9% Other 76.3 9% Agency fees 6% 8% 9% Operations with securities 33.4 33.3 32.0 7% 11% and on capital markets 13% 27.8 10% 13% 26.8 10% 9% 11% Guarantees and other 7% 10% 6% 7% 7% credit related 8% 10% 7% 8% 10% 11%
Slide 9: Provision Charge and Cost of Risk
Provision Charge and Cost of Risk Provision charge for impairment of loans and credit related commitments RUB bn 2.5% 1.9% 1.6% 1.9% 1.8% 1.7% 1.2% Cost of risk including credit 1.5% related commitments (1) 2.0% 1.4% 1.8% 1.6% 1.3% 1.2% -19% Cost of risk (2) -3% 145.9 118.0 Provision charge 46.0 for
Slide 10: Loan Book Quality
Loan Book Quality Provision for loan impairment RUB bn NPLs (90+) RUB bn 7.5% 6.7% 7.0% 6.6% 7.2% 6.6% 6.5% 6.4% 6.3% 6.4% +0% +2% 702 +0% +2% 653 633 632 633 682 604 604 614 601 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 Allowance for loan im
Slide 11: Staff and Administrative Expenses
Staff and Administrative Expenses Staff costs and administrative expenses RUB bn 47.5% 45.8% 44.6% 41.7% 42.4% 46.5% 48.8% Cost / Income ratio 1.8% 2.0% Cost / Avg. assets 1.8% 2.0% 2.0% 2.0% 1.9% +8% +13% 185.0 171.6 Administrative 61.4 74.2 expenses 62.3 61.6 61.0 62.4 Staff costs (1) 55.3 20.6 26
Slide 12: Balance Sheet Structure and Capital Adequacy
Balance Sheet Structure and Capital Adequacy Assets structure RUB bn Liabilities structure RUB bn Basel capital RUB bn +2% +2% 15.4% 15.0% +2% 14.6% 14.6% 14.5% +2% 12,588 12,460 12,609 12,894 12,362 13.6% 12.9% 13.4% 13.1% 12.9% 4% 4% 5% 11,444 5% 6% 4% 11,175 11,024 11,177 5% 5% 5% 10,937 5% 9% 7%
Slide 13: Assets and Liabilities by Currency
Assets and Liabilities by Currency Total assets RUB bn Total liabilities RUB bn 12,588 12,894 11,175 11,444 34% 34% FX 39% 36% FX RUB RUB 66% 66% 61% 64% 31-Dec-16 30-Sep-17 31-Dec-16 30-Sep-17 Net loans and advances to customers RUB bn Customer deposits RUB bn 9,066 8,855 8,994 7,347 33% FX FX 30%
Slide 14: Loan Portfolio and Customer Deposits
Loan Portfolio and Customer Deposits Loans and advances to customers RUB bn Customer deposits RUB bn +1% +23% +1% +7% 8,511 9,066 9,410 9,487 9,334 9,516 9,627 8,001 8,130 7,347 63% 63% 64% 63% 77% 77% 76% 76% 75% 59% 37% 41% 36% 37% 37% 23% 23% 24% 24% 25% 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30
Slide 15: Business with Legal Entities
Business with Legal Entities Loans to legal entities RUB bn Deposits of legal entities RUB bn -2% +0% +32% 7,288 7,311 7,105 7,194 7,200 +6% 5,077 5,228 5,399 5,735 4,342 20% 20% 25% 24% 24% 80% 75% 76% 80% 76% 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17
Slide 16: Business with Individuals
Business with Individuals Loans to individuals RUB bn Deposits of individuals RUB bn +11% +12% +7% +5% 3,331 3,004 3,112 2,924 2,902 23% 18% 21% 22% 2,322 2,426 21% 2,121 2,176 2,229 45% 46% 45% 44% 44% 6% 6% 6% 6% 5% 82% 79% 78% 77% 79% 4% 4% 4% 4% 4% 45% 46% 46% 45% 45% 30-Sep-16 31-Dec-16 31-Mar-
Slide 17: VTB Group Financial Highlights: P&L and Key Ratios
VTB Group Financial Highlights: P&L and Key Ratios Income Statement – Key Indicators Key selected items (in RUB bn) 9M’17 9M’16 Change 3Q’17 3Q’16 Change Net interest income 343.7 310.4 10.7% 116.6 103.4 12.8% Net fee and commission income 67.0 55.9 19.9% 23.9 19.3 23.8% Net other income (6.5) (5.2)
Slide 18: VTB Group Financial Highlights: Balance Sheet
VTB Group Financial Highlights: Balance Sheet Balance Sheet – Key Indicators Key selected items (in RUB bn) 30-Sep-2017 30-Jun-2017 31-Mar-2017 QoQ 31-Dec-2016 YTD Gross loan portfolio 9,626.5 9,515.8 9,333.8 1.2% 9,487.0 1.5% Loans to legal entities 7,200.4 7,194.2 7,105.2 0.1% 7,311.4 -1.5% Loans
Slide 19: Investor Relations
Investor Relations Tel: +7 (495) 775-71-39 e-mail: investorrelations@vtb.ru 19