Arbuthnot Banking Group Plc · LSE:ARBB
Arbuthnot Banking — H1 2012 Earnings Presentation
10 slides from Arbuthnot Banking's earnings presentation, Jul 26, 2012
Slide 1: 2012 Interim Results
Arbuthnot Banking Group PLC 2012 INTERIM RESULTS 26 July 2012
Slide 2: Interim Results Review
Interim Results Review ANDREW SALMON – Chief Operating Officer JAMES COBB – Group Finance Director
Slide 3: Key Messages
Key Messages PAGE 3 • Transformation continues – Profit Before Tax at £10.8m (2011: £0.2m) – Acquisition accounting contributes net £8.5m – Earnings Per Share 50.9p (2011: 8.4p) – Interim dividend 11p (2011: 11p) – Customer assets grew 53% – Completed the following transactions: – Disposal of Arbuth
Slide 4: Private Banking
Private Banking PAGE 4 • Profit Before Tax of £1.4m (2011: £1.0m) • Lending increased 20% as business continues to take advantage of favourable market conditions • Discretionary funds under management at £345m increased by 31% year over year • Gilliat continued progress as brand awareness grows cont
Slide 5: Retail Banking
Retail Banking PAGE 5 • Profit Before Tax £12.5m (2011: £5.0m) • Everyday loans acquisition completed on 8 June adding wider distribution and further diversification • Acquisition accounting contributes £8.5m of Negative Goodwill (most will amortise in 2-3 years) • Underlying profits grew by 50% • C
Slide 6: Financial Results
Financial Results PAGE 6 6 Months 6 Months Full Year June 2012 June 2011 2011 Comments Operating Income £25.9m £21.5m £54.8m Operating Income increased 20% Operating Expenses £21.3m £16.2.m £47.6m Operating expenses up 31% Profit Before Tax on Continuing Operations £10.8m £3.6m £5.1m £1m incremental
Slide 7: Divisional Performance
Divisional Performance PAGE 7 6 Months 6 Months Change June 2012 June 2011 £(000) £(000) Private Banking (Arbuthnot Latham) 1,435 983 46% Retail Banking (Secure Trust) 12,524 5,020 149% Group Costs (3,192) (2,350) (36%) Profit Before Tax on Continuing Operations 10,768 3,633 196% Discontinued Operat
Slide 8: Retail Banking – Lending Balances
Retail Banking – Lending Balances PAGE 8 30 June 30 June 31 Dec Comments 2012 2011 2011 Total customer assets grew 110% (£000) (£000) (£000) Motor Vehicles 77,980 48,386 63,376 EDL added £70.9m Customer assets growth (ex EDL) Personal Lending 56,713 36,251 45,176 52% Retail Finance 52,343 32,052 42,
Slide 9: Retail Banking Division – Underlying Growth
Retail Banking Division – Underlying Growth PAGE 9 14000 12000 50% underlying growth 10000 PBT (£'000) 8000 6000 4000 2000 Reported Gain on EDL Fair value Acquisition Excess Share LV & Citi Underlying Underlying Reported PBT H1 2012 Acquisition write down costs funding for options Acquired PBT H1 20
Slide 10: Forward Looking Statements
Forward Looking Statements PAGE 10 This document is a summary only of certain information contained in the announcement dated 26 July 2012 and should be read in conjunction with the full text of the announcement. This document contains forward looking statements with respect to the business, strateg
Arbuthnot Banking Group — H1 2012 Earnings Presentation on 6ix