Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q3 2011 Earnings Presentation
24 slides from Mizrahi Tefahot Bank's earnings presentation, Sep 30, 2011
Slide 1: Financial Statements
Financial Statements Financial Statements 30 September 2011 31 December 2008 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company’s presentation. The information contained in this document has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed
Slide 3: Contents
Contents • Strategic Highlights • Q3/2011 Financial Results 3
Slide 4: Income, expenses and return on equity in view of the strategic plan for 2008-2013
Income, expenses and return on equity in view of the strategic plan for 2008-2013* consolidated, before provision for doubtful debts, NIS mil 8% CAGR 2008-2013 Income Expenses (not linear) 4,611 4,326 3,849 3,518 3,202 3,216 3,018 2,688 2,394 4% CAGR 2008-2013 2,566 2,637 (not linear) 2,470 2,153 1,
Slide 5: ROE (net profit)
ROE (net profit) 15.2% 14.9% 14.5% 13.3% 12.8% 12.4% 10.8% Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 5
Slide 6: Loans to the public classified by economic sector
Loans to the public classified by economic sector (as of September 30, 2011) Others 7% Industry Real Estate & 6% Construction 7% Trading 5% Financial Services 5% Individuals 70% 6
Slide 7: Credit to households including mortgages in Israel
Credit to households including mortgages in Israel Credit to households Income – households (NIS mil) 82.3 (NIS bil) 2,453** 12.8% CAGR 12.3% CAGR 1,058 36.6 DEC SEP 2004* SEP 2004 2011 2011 *excluding management fees for provident and mutual funds **1-9/2011 in annual terms 7
Slide 8: Cost/income ratio
Cost/income ratio 2010 2011 Quarters I II III IV I II III Cost Income Ratio 65.1% 58.6% 58.7% 55.9% 60.6% 57.7% 53.6% Cost-Income Ratio, 62.1% 53.6% 56.1% 52.6% 56.6% 53.7% 48.4% excluding Bank Yahav 8
Slide 9: Capital adequacy – Basel II
Capital adequacy – Basel II 13.96% 13.55% Tier I 7.91% 7.70% 31.12.2010 30.9.2011 9
Slide 10: Credit to corporates in Israel
Credit to corporates in Israel Credit to corporates Income – corporates (NIS mil) 2,005 (NIS bil) 33.8 4.2% CAGR 8.5% CAGR 25.4 1,215 DEC SEP 2004 SEP 2011 2004 2011 10
Slide 11: Contents
Contents • Strategic Highlights • Q3/2011 Financial Results 11
Slide 12: Net profit (NIS mil)
Net profit (NIS mil) 252 255 238 222 200 208 171 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2010 2011 12
Slide 13: Net profit - ROE
Net profit - ROE 15.2% 14.9% 14.5% (1) 12.8% 13.3% 12.4% 10.8% Q1 Q2 Q3 Q4 Q1 Q2 Q2 2010 2011 13
Slide 14: Net profit - periods (NIS mil)
Net profit - periods (NIS mil) 745 579 1-9/2010 1-9/2011 14
Slide 15: Net profit – ROE - periods (NIS mil)
Net profit – ROE - periods (NIS mil) 14.3% (1) 11.6% 1-9/2010 1-9/2011 15
Slide 16: Profit from financing operations (NIS mil)
Profit from financing operations (NIS mil) For the Nine months Rate of change ended September 30 2011 2010 Current operations 2,267 1,937 17.0% Gain from realized debentures available 6 38 - for sale and debentures held for trade, net Revenues from interest on problem loans 75 94 - Exchange rate and
Slide 17: Operating and other income (NIS mil)
Operating and other income (NIS mil) 2.8% 1,018 990 27 12 0 4 Operating commissions Other income Net loss from investment in securities 1-9/2010 1-9/2011 17
Slide 18: Operating and other expenses (NIS mil)
Operating and other expenses (NIS mil) 1,204 1,125 436 455 317 319 Salaries Building & Equipment Others maintenance & depreciation 1-9/2010 1-9/2011 18
Slide 19: Cost/income ratio
Cost/income ratio For the Nine months For the Year ended ended September 30 31 December 2010 2010 2011 Cost Income Ratio 60.7% 57.2% 59.3% Cost-Income Ratio, 57.1% 52.8% 55.8% excluding Bank Yahav 19
Slide 20: Loans to the public (NIS bil)
Loans to the public (NIS bil) 117.6 107.0 95.2 80.0 74.3 31.12.2007 31.12.2008 31.12.2009 31.12.2010 30.9.2011 20
Slide 21: Deposits from the public (NIS bil)
Deposits from the public (NIS bil) 116.5 106.0 95.0 91.8 73.3 31.12.2007 31.12.2008 31.12.2009 31.12.2010 30.9.2011 21
Slide 22: Provisions/loans to the public
Provisions/loans to the public 0.72% 0.48% 0.39% 0.24% 0.48% 0.20% 0.29% Q1 Q2 Q3 Q4 Q1 Q2 Q3 2010 2010 2011 2011 22
Slide 23: Capital adequacy – Basel II
Capital adequacy – Basel II 13.96% 13.55% Tier I 7.91% 7.70% 31.12.2010 30.9.2011 23
Slide 24: Equity (NIS bil)
Equity (NIS bil) 7.40 7.10 6.53 5.95 5.56 31.12.2007 31.12.2008 31.12.2009 31.12.2010 30.9.2011 24