Credito Emiliano S.p.a. · MIL:CE
Credito Emiliano — 9M 2008 Earnings Presentation
10 slides from Credito Emiliano's earnings presentation, September 2008
Slide 1: 9M08 Group Results
9M08 GROUP RESULTS 1 Investor Relations September 2008
Slide 2: A complete group
A complete group Commercial banking Wealth Management Investment Banking Other CREDEM 100% 98.5% 100% 100% 100% Life Insurance 100% 100% 50% 100% FIDUCIARIA Spa General Insurance 100% * na 100% 100% 100% Total Customers Business (as at 9/30/2008) 100% 71 Billion AUM 18% 100% AUC 29% Deposits & Bonds
Slide 3: Distribution Network as at 30 September 2008
Distribution Network as at 30 September 2008 2 7 NETWORK 2007 9M08 73 25 22 Credem Branches 479 522 B.ca Euromobiliare Branches 22 27 10 133 Total Branches 501 549 49 7 Corporate Centres 42 44 3 5 Credem Points 29 34 24 1 Banca Euro Financial Stores 22 22 44 51 2 HUMAN RESOURCES 2 Credem Advisors 46
Slide 4: Executive Summary
Executive Summary (1) ROE • Net Interest Income driven by lending volumes 20.0% • AUM fees and volumes struggling 15.0% 10.0% 18.3% 12.1% 12.0% • Bad quarter for Trading 5.0% • Operating Costs moderate increase 0.0% 9M07 FY07 9M08 • Excellent credit quality • Decrease of deferred tax liabilities Cap
Slide 5: Total Income
Total Income (1) * of wich 29.8 Abax Total Income Total Income Non Interest Income ** of wich 40.7 Abax Total Income 400 373.5 900 757.6 -0.6% 800 762.0 42.7 246.4 700 61.5* 43.0 600 329.9 6.6 -12.4% 53.9** 373.5 -11.7% EURm 10.7 EURm 500 86.5 200 400 90.1 300 200 427.7 +10.1% 176.2 388.5 -25.0% 132
Slide 6: Operating Costs & Credit Quality
Operating Costs & Credit Quality (1) Operating Costs Cost to Income 500 464.4 470.4 +1.3% 66% 63.8% 65.4% 450 400 178.8 3.3% 182.0 -1.8% 350 2.9% 300 EURm 250 200 150 291.6 + 3.3%* 62.1% 282.4 60.9% 100 50 0 56% 9M07 9M08 9M07 9M08 Payroll Costs Admin. Expenses Costs/Tot Inc D&A/Total Income * +1.1%
Slide 7: Lending
Lending (1) Lending volumes (net of repos) Lending volumes since 2005 7,500 17.2 +12.8% 15.3 18 6,000 2.8 +23.6% 15 2.2 4,500 +11.3% EURbn 12 5.0 +8.1% 4.6 9 1.9 +4.4% 3,000 1.8 6 7.5 1,500 3 6.5 +14.7% 0 0 9M07 9M08 FY05 FY06 FY07 9M08 Short Term Loans Leasing Mortgage Loans Other Long Term Loans S
Slide 8: Fundings and AUM
Fundings and AUM (1) EURm 9M07 9M08 % yoy Mutual Funds & SICAVs Sight Deposits 10,409 10,673 +2.5 Net inflows in the semester amount Cont’d 100% Insurance Deposits 2,070 1,877 -9.3 to 277 EURm, with a strong 90% SICAVs Time deposits 185 1,843 na contribution of 80% Deposits 12,664 15,199 +13.7 Depos
Slide 9: Income Statement
Income Statement (1) EURm 9M07 9M08 % yoy Total Income 762.2 757.6 -0.6 Operating Costs -464.4 -470.4 +1.3 EBITDA 297.6 287.2 -3.5 Amortization and Depreciation -22.0 -25.0 +13.6 EBIT 275.6 262.2 -4.9 Net Loan Writedowns -25.5 -52.5 +105.9 Provisions for Risks and Expenses 0.2 -2.8 Extraordinary Inc
Slide 10: Disclaimer and Contacts
Disclaimer and Contacts The strategic plan takes into consideration the acquisition of the 72 branches from Citigroup, Banco Popolare and Unicredit, which were, or will be, integrated in different steps within December 2008. Five private branches acquired from Citigroup and the 33 from Banco Popolar
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