Popular, Inc. · NASDAQ:BPOP
Popular — Shareholder Meeting (April 2013)
7 slides from Popular's shareholder meeting presentation, Apr 30, 2013
Slide 1: Annual Stockholders' Meeting
—— : : ASAMBLEA DE ACCIONISTAS rave ANNUAL STOCKHOLDERS’ MEETING
Slide 2: Focus Areas: Credit Quality
2012 Q1 2013 Focus Areas CREDIT QUALITY Reduced non-performing loans held in portfolio by $313 million or 18% Reduction of 27% in NPL inflows Completed bulk sale of non- performing assets Positive trends, even when excluding impact of sale
Slide 3: Focus Areas: Efficiency, Asset Acquisition, Popular Community Bank
2012 Q1 2013 Focus Areas EFFICIENCY Executed a voluntary retirement window Continued process redesign efforts Continued process redesign efforts ASSET ACQUISITION & BUSINESS GROWTH Acquired approximately $800 million in assets, mainly consumer loans in P.R. and mortgage loans in the U.S. Strong mort
Slide 4: Financial Results – Balance Sheet
$ in thousands 2011 2012 3/31/2013 Financial Results – Balance Sheet Assets Cash and equivalents 535,282 $ 439,363 $ 242,290 $ Investments 7,127,591 6,812,566 7,305,343 Loans (net) 25,314,392 25,093,632 25,197,686 Allowance for loan losses (815,308) (730,607) (683,368) Other assets 5,186,475 4,892,5
Slide 5: Financial Results – Income Statement
(59) (94) (12) (49) Net interest income Provision for loan losses Other income Personnel expenses Other expenses Income tax (5) (43) (1) Net interest income Provision for loan losses Other income Personnel expenses Other expenses Income tax 2012 v. 2011 Q1 2013 v. Q4 2012 • Net income of $245 millio
Slide 6: Stock Prices
Stock Prices -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% 2010 2011 2012 2013 PR Peers, -54% BPOP, 27% BKX, 32% US Peers, 31% Prices as of 4/26/2013
Slide 7: Stock Prices vs Peers
OFG, 47% BPOP, 27% DRL, -79% FBP, -83% -120% 2010 2011 2012 2013 Prices as of 4/26/2013 ASAMBLEA DE ACCIONISTAS | 2013 | ANNUAL STOCKHOLDERS’ MEETING @) Poputar.