Credit Agricole SA · EURONEXT:ACA
Credit Agricole SA — UBS conference, Milan 2010
30 slides from Credit Agricole SA's conference presentation, Jan 21, 2010
Slide 1: Crédit Agricole Group in Italy
Crédit Agricole Group in Italy Milan, 21 January 2010
Slide 2: Contents
Contents History of Crédit Agricole presence in Italy The second home market of the Group with local roots Cariparma FriulAdria Group – Retail banking Agos, Ducato, FGAC, Calit and Eurofactor Italia – Specialised financial services Calyon – Corporate and investment bank CAAM Sgr and CA Vita
Slide 3: Italy: the second biggest domestic market for CASA
Italy: the second biggest domestic market for CASA Long lasting presence but recent organisation as majority shareholder The overall Italian framework represents 10 to 20% of Crédit Agricole S.A. Group 17% of NBI of Crédit Agricole S.A. in the first half of 2009 depending on the indicator 13
Slide 4: A long lasting presence in Italy
A long lasting presence in Italy All business lines are present, following organic development, acquisitions and partnerships 1970s 1980s 1989 to 2007 2008 - 2009 CIB: Consumer credit: Retail banking: Insurance: 1971: acquisition of Banca di Agos (Sofinco) 1989: part. in Banco CA Vita absorbs PO Vit
Slide 5: All business lines are present
All business lines are present Development strategy replicating Crédit Agricole Group model relying on Contribution of business lines to net income – Group Strong local roots share (H1-09) Two well-known regional brands and a presence in the centre and the South CIB 24% Quick integration tha
Slide 6: Strong presence in the North of Italy
Strong presence in the North of Italy Decentralised headquarters FriulAdria Crédit Agricole Assicurazioni Pordenone Torino Milano Parma Agos FGA CAAM Calyon Eurofactor CAPE/C3A Cariparma CA Vita 6
Slide 7: Crédit Agricole: a major player in Italy
Crédit Agricole: a major player in Italy In terms of size: 7th Italian banking group by size and 4th by result In terms of performance: leading position of Cariparma FriulAdria in profitability and capital ratios Return on weighted assets (NBI/ RWA) of 5% Income per employee (NBI / FTE) of a
Slide 8: Contents
Contents History of Crédit Agricole presence in Italy The second home market of the Group with local roots Cariparma FriulAdria Group – Retail banking Agos, Ducato, FGAC, Calit and Eurofactor Italia – Specialised financial services Calyon – Corporate and investment bank CAAM Sgr and CA Vita
Slide 9: A solid base in the North of Italy
A solid base in the North of Italy At 30-06-2009 VB A Group with more than 1.4 million clients served 1 BL 3 PN UD VC VA CO BG 6 46 59 through two different brands and a distribution 10 15LC 2 BS BI NO MI 38 VI TV TS 2 6 1 24 7 10 network focused on the richest regions of Italy TO 41 PV LO CR 9 VR P
Slide 10: An organisation strongly rooted in the local communities
An organisation strongly rooted in the local communities Fondazione Crédit Agricole Crédit Agricole Cariparma Foundation, that is Cariparma S.A. Regional Banks assisting nearly all institutions and associations 15% 75% 10% of Parma and its territory, with a philosophy “helping to do” more than “do
Slide 11: Performance indicators
A medium-sized very performing Group… KPI at 30.06.2009 Ranking on the Italian market Total outstanding* (€bn) 94 9° Size indicators Total balance sheet (€bn) 37 9° Retail branches (n°) 725 9° Employees (n°) 7,792 9° NBI (€m) 754 9° Performance indicators Net Result (€m) 173 6° Cost Income ratio (%)
Slide 12: Recognised in 2009 Italian rankings
… recognised in 2009 Italian rankings “Lombard” index: one of the two “5 stars” banks in the ranking of Milano Finanza among major banking groups Confirmation of the 1st place in the “Ranking of large Italian Banking Group” of Banca Finanza 12
Slide 13: A dynamic Group serving all customers
A dynamic Group serving all customers Cariparma FriulAdria Group Individuals clientele Corporate clientele Number of clients Clientele segment Clientele segment Number of clients (thds) (wealth) (turnover) (thds) Private Corporate 10.9 1.9 (> €500,000) (> €70m) Premium 223.2 (€100,000- Entreprises 1
Slide 14: A dynamic Group serving all customers
A dynamic Group serving all customers Loans to the On balance sheet Off balance sheet clientele (€bn) deposits (€bn) deposits (€bn) Mkt Mkt Mkt +8.2% +8.3% +10.1% n.d. +1.7% +8.7% 43.2 27.9 28.0 39.9 25.7 25.5 2008 2009 2008 2009 2008 2009 Structure of loans outstandings by clientele in Sept 09 SME
Slide 15: A new governance based on a multi-regional model
A new governance based on a multi-regional model of autonomous banks and a shared platform of central functions Chairman Group Central Functions A multi-regional model that Managing Director maintains the commercial autonomy of the banks in Common holding company their regions - Control and audit
Slide 16: Contents
Contents History of Crédit Agricole presence in Italy The second home market of the Group with local roots Cariparma FriulAdria Group – Retail banking Agos, Ducato, FGAC, Calit and Eurofactor Italia – Specialised financial services Calyon – Corporate and investment bank CAAM Sgr and CA Vita
Slide 17: Specialised financial services: major players
Specialised financial services: major players Two major players in consumer credit: Agos Ducato and FGA Capital in the top 10 of consumer credit players Market share in production of consumer credit in 9m-09 (%) 1° 15.5 9.3 8.8 9° 7.3 6.5 6.2 6.0 5.6 5.2 4.7 FGA Capital Gruppo UBI Agos Ducato Fina
Slide 18: A leading position in consumer credit
A leading position in consumer credit Business overview The joint-venture between Crédit Agricole S.A. Combined network Group (61%) and Banco Popolare (39%) around Agos and Ducato gave birth to the leader with a 22 1 128 market share of 15.5%* 66 699 385 4 34 14 Other players have less than 10%
Slide 19: A dynamic player present in all segments
A dynamic player present in all segments Market segments Key figures as at June 2009 €m Breakdown of 2008 production Credit cards, Overdraft, 154 4.6 million clients 1427 Other financial loans, 1091 Personal €m H1-09 loans, 4527 Net banking income 442 Auto , 1848 Gross operating income 280 Net inc
Slide 20: FGA Capital: a strategic partnership between Casa and Fiat
FGA Capital: a strategic partnership between Casa and Fiat Highlights Group structure Joint-Venture 50/50: union of the commercial efficiency of an industrial partner (FGA) and of the risk control and financial strength of a banking partner (CASA), in a unique and innovating 100% 100% business mod
Slide 21: A leading position in consumer credit
A leading position in consumer credit Business overview Operating in 15 European markets FGA Capital operates in 15 European markets Leader in car financing in Italy Half of the activity of FGA Capital takes place in Italy Distribution network Strong relationship with Fiat Group Automobiles’
Slide 22: Contents
Contents History of Crédit Agricole presence in Italy The second home market of the Group with local roots Cariparma FriulAdria Group – Retail banking Agos, Ducato, FGAC, Calit and Eurofactor Italia – Specialised financial services Calyon – Corporate and investment bank CAAM Sgr and CA Vita
Slide 23: CIB: A platform integrated into Calyon's European operational set-up
CIB: A platform completely integrated into Calyon’s European operational set-up A commercial CIB platform integrated into Calyon’s European operations Key figures as at June 2009 A complete product base in capital markets (origination, sales, securitization…) 183 clients for Calyon and 490 for
Slide 24: CIB: main deals
CIB : main deals Ch 7” ‘\ an ‘\ es ‘\ - CAMPARI ‘\ ‘\ ‘\ Qcerved Group ‘\ AOASDA ACRAFT PURCHASE FLEET ASSICURAZION GENERAL $ p A AMIDE CAMPARY MILANO Sp A AMIDE CAMPARY MILAN &. pA DANE CAMPANY MILANO S.p A EUR 1,000,000,000 EUR 130,000,000 EUR 1,750,000,000 EUR 550,000,000 USD 250,000,000 : Acquui
Slide 25: Contents
Contents History of Crédit Agricole presence in Italy The second home market of the Group with local roots Cariparma FriulAdria Group – Retail banking Agos, Ducato, FGAC, Calit and Eurofactor Italia – Specialised financial services Calyon – Corporate and investment bank CAAM Sgr and CA Vita
Slide 26: Life insurance: Credit Agricole Vita
Life insurance: Credit Agricole Vita Credit Agricole Vita: a true success story 188,000 clients 7th in bancassurance in Italy with a market share of 4.6% 11th in life insurance (policy volumes) with a 3.1% market share 17% increase in revenues in 2008 compared to a 22% decrease for the Itali
Slide 27: Other insurance subsidiaries: promising development
Other insurance subsidiaries: promising development Credit Agricole Assicurazioni: positioned to take full advantage of market evolutions 16,900 car insurance policies sold in the first 9 months of 2009 5,200 home insurance policies sold in the first 9 months of 2009 Very positive reception fr
Slide 28: Asset Management: CAAM SGR
Asset Management: CAAM SGR Business overview 273,000 clients The Italian market is still average-sized, representing a smaller proportion of savings than in most European countries, and with approx. half of AUMs held by domestic households CAAM SGR’s activities were restructured in 2008 follow
Slide 29: Contents
Contents History of Crédit Agricole presence in Italy The second home market of the Group with local roots Cariparma FriulAdria Group – Retail banking Agos, Ducato, FGAC, Calit and Eurofactor Italia – Specialised financial services Calyon – Corporate and investment bank CAAM Sgr and CA Vita
Slide 30: Building a major Group in Italy
Building a major Group in Italy All business lines of Crédit Agricole are present in Italy to serve 7.6 million clients with the recognised expertise of an international Group Building and developing a major player strongly rooted in the regional markets of the North and centre of Italy with the sup