Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — 2Q2017 Earnings Presentation
31 slides from Banco De Credito E Inversiones's earnings presentation, June 2017
Slide 1: Corporate Presentation
Corporate Presentation June 2017 Investor Relations Department | Email: Investor_Relations_Bci@Bci.cl June 2017
Slide 2: Contents
Contents. Main macroeconomic indicators Chilean financial system Banco de Crédito e Inversiones City National Bank of Florida Bci Investor Relations March 2017
Slide 3: Main macroeconomic indicators
Bci Investor Relations Main macroeconomic indicators
Slide 4: Main macroeconomic indicators
Main macroeconomic indicators GDP (% YoY growth) Investment (% YoY growth) 4.0 2.3 2.5 2.4 1.9 2.2 1.6 1.6 0.2 2013 2014 2015 2016 2017F 2018F -0.8 -1.5 -4.2 2013 2014 2015 2016 2017F 2018F Private Consumption (% YoY growth) Inflation and Central Bank Monetary 5.5 Policy Rate (TPM) (%) 4.9 4.7 3.0 4
Slide 5: Chilean macroeconomic indicators
Bci Investor Relations Chilean macroeconomic indicators
Slide 6: Financial System
Financial System Strong growth over the years (US$ Million) Total Loans (*) Commercial & Interbank Loans (*) 5.5% 8.0% 3.2% 233,225 5.9% 214,882 221,115 203,700 133,120 137,374 122,083 126,227 184,393 112,646 2014 2015 2016 2Q 2016 2Q 2017 2014 2015 2016 2Q 2016 2Q 2017 Consumer Loans (*) Mortgage L
Slide 7: Banco de Crédito e Inversiones
Bci Investor Relations Banco de Crédito e Inversiones
Slide 8: Shareholders and corporate governance
Shareholders and corporate governance Shareholder structure as of June 2017 Since Luis Enrique Yarur Rey (President) 1991 Dionisio Romero Paoletti, 2010 Shareholder Float José Pablo Arellano Marín 2011 Agreement 28.05% Board of Mario Gómez Dubravcic 2011 63.29% Juan Ignacio Lagos Contardo 2013 Direc
Slide 9: Bci Highlights - profitable and financially sound
Bci Highlights - profitable and financially sound June 2017 In US$ Million (*) Market Share Total Assets $ 48,422 Total Loans $ 35,230 15.11% Net Income $ 348 18.64% Market Capitalization $ 6,901 Tier I BIS ratio Capital Ratios 10.44% 13.57% Moody's S&P Fitch International Credit Ranking A1 A A- ROA
Slide 10: Corporate Strategy
Corporate Strategy Strategic Priorities 11 22 3 3 Leverage digital customer Drive sustainable Enhance leadership and experience to achieve growth, while maintaining collaboration throughout the competitive advantage prudent risk organization 10
Slide 11: Strategy Execution
Strategy Execution Best-in-Class Customer ▪ Leverage digital customer experience and superior analytics to achieve deeper relationships and higher revenues per client, with focus on Retail and SMEs Experience through Digital Transformation ▪ Strategy-driven IT transformation to reduce cost-to serve,
Slide 12: Market shares
Market shares 3rd largest privately owned bank in Chile Total Assets Total Loans 15.00% 15.11% Bci Bci 15.05% 16.79% Others Bank 1 Others Bank 1 63.37% 63.99% 37.53% 16.23% Bank 2 36.52% Bank 2 17.53% Bank 3 Bank 3 17.08% 14.56% Non Interest Bearing Deposits (NIBD) Net Income 21.18% 18.97% Bci Bci O
Slide 13: National and international presence
National and international presence Tactical international coverage combined with one of the largest national distribution channels 362 National commercial contact points (CCP) Presence in 6 countries NORTH Regions I to IV and XV 55 CCP CENTER Regions V, VI and RM 230 CCP SOUTH Regions VII to XII an
Slide 14: Loan portfolio
Loan portfolio Bci has outperformed the financial system during 2014-2017 (US$ Million) CNB BCI Total Loans Commercial & Interbank Loans 8.0% 5.5% 5.9% 3.2% 11.0% 18.3% 17.5% 8.6% 33,943 35,230 31,725 22,435 22,804 30,566 6,190 21,002 5,437 20,182 4,348 4,737 4,362 5,006 24,241 16,258 3,312 3,730 20
Slide 15: Loan portfolio: well diversified and balanced
Loan portfolio Bci Well diversified and balanced loan portfolio Retail Comercial CIB Comercial CIB Finance SMEs Banking Banking Division Division Individuals Revenues < UF Revenues > UF 80.000 Corporate and (up to US$3.1 M*) (up to US$ 58,6 million*) Private Banking 42.03% 27.41% 29.37% 26.12% 22.58
Slide 16: Risk indicators
Risk indicators Conservative risk management policies Risk Index Total Loans Risk Index Commercial Loans Allowances/ Total Loans (Bci) Commercial Allowances/ Commercial Loans (Bci) Allowances/ Total Loans (Financial System) Commercial Allowances/ Commercial Loans (Financial System) 2.90% 3.01% 2.99%
Slide 17: Conservative risk management policies
Conservative risk management policies NPL Ratio (NPLs/Total Client Loans) NPL Ratio (Commercial Loans) Bci Financial System Bci Financial System 2.52% 2.12% 1.86% 1.85% 1.81% 1.86% 1.72% 2.29% 1.47% 1.46% 1.44% 1.50% 1.48% 1.46% 1.42% 1.58% 1.42% 1.38% 1.47% 1.34% 2014 2015 2016 2Q 2016 2Q 2017 2014
Slide 18: Strong time deposit growth with retail customer base
Strong time deposit growth with retail customer base Non interest bearing deposits & time deposits (US$ million) 33.6% 10.0% 12,335 11,904 13,390 12,114 12.5% Non Interest 6,913 Bearing Deposits 12,387 14,003 14,990 14,967 0.4% 15,028 Time Deposits 2014 2015 2016 2Q 2016 2Q 2017 Local Funding Intern
Slide 19: Profitability
Profitability NIM (*) (Net Interest Margin/ Average Interest Earning Assets) 4.49% 4.00% 3.62% 3.67% 3.67% 4.31% 3.93% 3.59% 3.54% 3.48% 2014 2015 2016 2Q 2016 2Q 2017 Bci Banking Sector Efficiency ratio (**) Fee income ratio (Net Fees/ Net Fees + Net Interest Margin) 50.4% 49.7% 23.08% 48.9% 25. 00
Slide 20: Profitability
Profitability Sustained and profitable growth Net Income and Market Share (US$ Million) -0.41% 600 516 498 512 30.00% 500 25.00% 18.6% 400 15.5% 20.00% Net Income 300 348 15.00% 17.3% Market Share 200 13.8% 15.0% 243 43.1% 10.00% 100 5.00% 0 .00% 2014 2015 2016 2Q 2016 2Q 2017 ROAA (*) ROAE (*) 1.55
Slide 21: Capitalization
Capitalization Bci capitalization well above regulatory requirements 13.78% 13.41% 13.52% 13.57% 11.98% Regulatory Capital / Consolidated Risk weighted assets Basic Capital / Total Assets 7.19% 7.55% 7.52% 7.76% Required by Sbif (8%) 6.32% Required by Sbif (3%) 2014 2015 2016 2Q 2016 2Q 2017 Bis Rat
Slide 22: City National Bank of Florida
Bci Investor Relations City National Bank of Florida
Slide 23: Simulation of Bci stand alone and City National Bank of Florida
Simulation of Bci stand alone and City National Bank of Florida CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Cash 1,542 312 0 1,854 Securities 4,297 1,898 0 6,195 Loans and receivables net (**) 28,481 6,152 0 34,634 Other Financial Instruments 1,318 0 -931 388 Fixed Assets 344 65 0 409 O
Slide 24: Simulation of Bci stand alone and City National Bank of Florida
Simulation of Bci stand alone and City National Bank of Florida CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Net Interest Income 584 115 699 Net Service Fee Income 184 9 193 Operating Income 768 124 892 Other Operating Income 121 14 134 Provision for loan losses -157 -9 -166 Operating In
Slide 25: Financial Highlights
Financial Highlights* • Total Assets increased by $1.6 Billion to $8.9 Billion (22.5% increase vs. June 2016) • New Loan Commitments of $1.4BN (1.2BN CNB + 210MM CNCF) (10% increase vs. June 2016) Balance Sheet • Total Net Loans & Leases increased by $1.3 Billion to $6.1 billion (29% increase vs. Ju
Slide 26: CNB has maintained continuous growth
CNB has maintained continuous growth Net Loans & Leases (US$bn) as of June 30, 2017 Deposits (US$bn) as of June 30, 2017 27.7% 22.7 6.7 31.2% 7.8% 5.5 22.6% 6.1 13.0 21.0% 4.1% 4.8 20.4% 5.3 4.5 25.7% 14.6% 4.7 CNB 4.2 4.0 Growth 3.5 3.7 3.3 2.9 ‘11-’16 2.7 CAGR: 2.4 ‘11-’16 1.9 13.5% CAGR: 22% 2011
Slide 27: Thank you
This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend
Slide 28: Balance sheet
Balance sheet US$ million (*) 2013 2014 2015 2016 CAGR 2Q 2016 2Q 2017 %D 2013-2016 Cash 1,899 2,330 1,916 2,375 7.73% 2,055 1,854 -9.80% Securities 2,976 3,142 5,580 5,710 24.26% 5,502 6,195 12.59% Loans 21,872 24,240 30,017 33,385 15.14% 31,151 34,634 11.18% Other Financial Instruments 121 152 397
Slide 29: Balance sheet
Balance sheet CLP$ million 2013 2014 2015 2016 CAGR 2Q 2016 2Q 2017 %D 2013-2016 Cash 1,261,766 1,547,758 1,272,552 1,577,565 7.73% 1,365,447 1,231,654 -9.80% Securities 1,976,887 2,086,992 3,706,721 3,793,351 24.26% 3,655,235 4,115,429 12.59% Loans 14,529,469 16,102,488 19,939,945 22,177,574 15.14%
Slide 30: Financial results
Financial results CAGR US$ million (*) 2013 2014 2015 2016 2Q 2016 2Q 2017 %D 2013-2016 Net Interest Income 977 1,156 1,205 1,362 11.72% 336 366 9.03% Net Service Fee Income 294 319 353 409 11.64% 101 99 -1.98% Operating Income 1,271 1,476 1,558 1,771 11.70% 437 465 6.48% Other Operating Income 232
Slide 31: Financial results
Financial results CAGR CLP$ million 2013 2014 2015 2016 2Q 2016 2Q 2017 %D 2013-2016 Net Interest Income 649,025 767,979 800,505 905,053 11.72% 223,111 243,254 9.03% Net Service Fee Income 195,215 212,213 234,270 271,629 11.64% 67,108 65,780 -1.98% Operating Income 844,240 980,192 1,034,775 1,176,68
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