Banco Bpm Spa · MIL:BAMI
Banco Bpm Spa — Banca Popolare di Milano — 14° European Financial Conference, Goldman Sachs (June 2010)
13 slides from Banco Bpm Spa's conference presentation, Jun 10, 2010
Slide 1: Goldman Sachs 14° European Financial Conference
Bipie m m e Gr ou p Goldman Sachs U.S. Road 14° European Show Financial Conference 17 21 November 2003 Madrid, 10th June 2010 1
Slide 2: Index
Index BPM Group: overview slide 3 BPM Group Q1 2010 results: highlights slide 7 2010- 12 Industrial Plan: targets slide 11 2
Slide 3: BPM Group Business Profile
BPM Group Business Profile BPM Group ( BPM ) is a listed cooperative company established in Milan in 1865 Overview # 8 banking group and #4 Popolare bank in Italy in terms of total assets ( 43.6bn) St rong local franchise: 821 point s of sales, of which 793 ret ail branches wit h leading position es
Slide 4: Deep Penetration in Italy's Wealthiest Areas
Deep Penetration in Italy s Wealthiest Areas Retail Market 8th Italian banking group Branches GDP Share Mar 10(*) (***) (**) Lombardy 4 87 7 .3% 20.7% o/w Milan 318 12.2% Varese 61 12.4% Lecco 30 12.6% Piedmont 107 3 .9% O/w Alessandria 64 20.8% Apulia 41 2 .9% Latium 83 3.0% 11.1% Other Regions 74
Slide 5: A Stable Business Model
A Stable Business Model Total Income Q1 2010 (100% = 435.9m) COMMERCIAL CORPORATE INVESTMENT WEALTH CORPORATE BANKING BANKING BANKING MANAGEMENT CENTRE 67% 13% 16% 3% 1% BPM BPM ANIMA SGR SPA BPM CAPITAL I BPM Llc BANCA DI LEGNANO BANCA AKROS BPM FUND BPM Luxembourg MANAG. SA CR ALESSANDRIA BPM IREL
Slide 6: Index
Index BPM Group: overview slide 3 BPM Group Q1 2010 results: highlights slide 7 2010- 12 Industrial Plan: targets slide 11 6
Slide 7: Q1 2010 results: highlights
Q1 2010 results: highlights Operating Good performance in NNII offset the weakness in NII Cont rol on operat ing cost s, dow n 2.2% ( QoQ on like- for- like basis, net of ext raordinary charges related to early retirement plan recorded in Q4 2009) Credit quality Cost of credit annnualised at 81bps (
Slide 8: Q1 2010 results: highlights
Q1 2010 results: highlights m Mar. 10 Mar. 09 % Loans: +5.7% YoY driven by new mortgages granted: 832m (+17.0% YoY) Loans 33,363 31,556 5.7 Funding 34,550 35,734 (3.3) Funding: - 3.3% YoY mainly due to the repayment of EMTN bond ( 1.250m in Feb.10). Retail component Assets under Custody 20,437 19,08
Slide 9: Capital ratios
Capital ratios 12.6% 12.6% 12.0% 12.1% 11.5% 8.6% 8.6% 7.3% 7.7% 7.7% 7.9% 7.9% 6.5% 6.5% 6.1% Mar 09 June 09 Sept. 09 Dec 09 Mar 10 Total capital ratio Tier 1 Core Tier1 Core Tier1 and Tier1 include 500m of so- called Tremonti Bond, issued last December Q1 2010 figures were stable compared with FY
Slide 10: Index
Index BPM Group: overview slide 3 BPM Group Q1 2010 results: highlights slide 7 2010- 12 Industrial Plan: targets slide 11 10
Slide 11: Italian banking system scenario
Italian banking system scenario Macroeconomic variables 2009 2012 Var. GDP - 4.9% 1.5% 6.4pp Euribor 3M (yearly average) 1.24% 2.86% 1.62pp Volumes 2009 2012 CAGR Direct funding ( bn) 1,731 1,967 +4.4% Customer loans ( bn) 1,339 1,506 +4.0% AuM* ( bn) 367 444 +6.5% The macro system scenario includes
Slide 12: 2010-12 Industrial Plan: drivers and main targets
2010- 12 Industrial Plan: drivers and main targets Enhance relations with Increase market share Improve operating TARGET 2012 current customers efficiency Net income 378m Better focus on Adoption of a business Staff turnover opportunities and model to compete on the management customer needs Cost in
Slide 13: IR Contacts
IR Contacts INVESTOR RELATIONS TEAM Roberto Peronaglio, Head of Investor Relations Tel. +39 02 77 00 25 74 Arne Riscassi Tel. +39 02 77 00 20 08 Laura Sironi Tel. +39 02 77 00 78 48 Head Office, Piazza Meda, 4 20121 Milano Italy investor.relations@bpm.it www.bpm.it 13
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