Arbuthnot Banking Group Plc · LSE:ARBB
Arbuthnot Banking — H1 2011 Earnings Presentation
10 slides from Arbuthnot Banking's earnings presentation, Jul 29, 2011
Slide 1: Arbuthnot Banking Group PLC 2011 Interim Results
Arbuthnot Banking Group PLC 2011 INTERIM RESULTS 29 July 2011
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 • Strong Performance by Banking Businesses – Profit Before Tax at £0.2m (2010: £2.3m) – Profit Attributable to Shareholders £1.3m (2010: 1.9m) reflecting the significant contribution of the banking subsidiaries – Interim dividend 11p – Banking businesses results ahead of expectat
Slide 4: Private Banking
Private Banking PAGE 4 • Profit Before Tax of £1m (2010: £0.1m) • All business lines grew strongly • Gilliat started the year with difficult market conditions but broke even for the first half year • Continuing to invest in new products – established an Alternative Investments team • Business model
Slide 5: Retail Banking
Retail Banking PAGE 5 • Profit Before Tax £5.0m (2010: £4.6m) • Underlying profits grew 75% (excluding impact of acquired portfolios) • Loan growth is accelerating with 86% increase in the year • Strong deposit growth across longer terms • Over 1000 new current accounts opening per month • Joint Ven
Slide 6: Investment Banking
Investment Banking PAGE 6 • Arbuthnot Securities made a loss before tax of £3.4m (2010: Profit 0.5m) • Corporate Finance fees decreased to £1.2m as a number of transactions did not complete • Secondary revenues declined on the back of difficult market conditions • Restructuring programme underway wi
Slide 7: Financial Results
Financial Results PAGE 7 6 Months 6 Months Full Year June 2011 June 2010 2010 Comments Operating Income £25.5m £25.7m £54.8m Operating Income broadly unchanged Operating Expenses £23.7m £22.0m £47.6m Operating expenses up only 7% Profit Before Tax £0.2m £2.3m £5.1m Profit Before Tax decreased by £2.
Slide 8: Divisional Performance
Divisional Performance PAGE 8 6 Months 6 Months Change June 2011 June 2010 £(000) £(000) Private Banking (Arbuthnot Latham) 983 78 1160% Retail Banking (Secure Trust Bank) 5,020 4,599 9% Investment Banking (Arbuthnot Securities) (3,391) 451 N/A Switzerland (20) (60) 66% Group Costs (2,350) (2,733) 1
Slide 9: Retail Banking – Lending Balances
Retail Banking – Lending Balances PAGE 9 30 June 30 June 31 Dec Comments 2011 2010 2010 Total Customer Assets grew 86% £(000) £(000) £(000) Underlying asset growth in excess of Motor Vehicles 48,386 16,556 31,270 135% Cycles 12,396 6,069 8,984 Growth rates accelerating Musical Instruments 5,677 6,41
Slide 10: Forward Looking Statements
Forward Looking Statements PAGE 10 This document is a summary only of certain information contained in the announcement dated 29 July 2011 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
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