Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Q3 2016 Earnings Presentation
31 slides from Banco De Credito E Inversiones's earnings presentation, November 2016
Slide 1: Corporate Presentation 3Q 2016
Corporate Presentation 3Q 2016 Investor Relations Department | Email: Investor_Relations_Bci@Bci.cl November 2016
Slide 2: Contents
Contents. Main macroeconomic indicators Chilean financial system Banco de Crédito e Inversiones City National Bank of Florida Bci Investor Relations November 2016
Slide 3: Main macroeconomic indicators
Bci Investor Relations Main macroeconomic indicators
Slide 4: Main macroeconomic indicators
Main macroeconomic indicators GDP (% YoY growth) Investment (% YoY growth) 5.8 15.0 5.5 11.6 11.6 4.0 2.3 1.9 1.9 2.2 1.6 0.8 -0.5 -1.5 2011 2012 2013 2014 2015 2016 E 2017E -4.2 2010 2011 2012 2013 2014 2015 2016 E 2017E Private Consumption (% YoY growth) Inflation and Central Bank Monetary Policy
Slide 5: Chilean macroeconomic indicators
Bci Investor Relations Chilean macroeconomic indicators
Slide 6: Financial System
Financial System Strong growth over the years (US$ Million) Total Loans (*) Commercial & Interbank Loans (*) 6.0% 8.9% 3.5% 10.6% 205,641 213,040 123,246 126,071 200,956 121,789 186,150 113,719 167,549 104,017 95,413 151,988 2012 2013 2014 2015 Sep'15 Sep'16 2012 2013 2014 2015 Sep'15 Sep'16 Consume
Slide 7: Banco de Crédito e Inversiones
Bci Investor Relations Banco de Crédito e Inversiones
Slide 8: Shareholders and corporate governance
Shareholders and corporate governance Shareholder structure as of september 2016 Since Luis Enrique Yarur Rey (President) 1991 Shareholder Dionisio Romero Paoletti, 2010 Float Agreement José Pablo Arellano Marín 2011 28.44% Board of 63.26% Mario Gómez Dubravcic 2011 Directors Máximo Israel López (I)
Slide 9: Bci Highlights - profitable and financially sound
Bci Highlights - profitable and financially sound September 2016 In US$ Million (*) Market Share Total Assets $ 45,452 Total Loans $ 33,000 14.60% Net Income (LTM)** $ 518 16.27% Market Capitalization $ 5,486 Tier I BIS ratio Capital Ratios 10.07% 13.49% Moody's S&P Fitch International Credit Rankin
Slide 10: Corporate strategy
Corporate strategy Strategic Priorities 1 2 3 Consistent Customer – Focused Enhance Leadership Profitability with Experience and and Colaboration Increased Digital throughout the Productivity Transformation Organization 10
Slide 11: Our recognition is the result of our work in our strategic pillars
Our recognition is the result of our work in our strategic pillars Bci Investor Relations 11
Slide 12: Market shares
Market shares 3rd largest privately owned bank in Chile Total Assets Total Loans 14.49% 14.60% Bci Bci 15.02% 17.10% Others Bank 1 Others Bank 1 62.64% 63.74% 37.53% Bank 2 36.52% Bank 2 17.34% 18.06% Bank 3 Bank 3 15.79% 13.98% Non Interest Bearing Deposits (NIBD) Net Income 20.25% 16.27% Bci Bci O
Slide 13: National and international presence
National and international presence Tactical international coverage combined with one of the largest national distribution channels 362 National commercial contact points (CCP) Presence in 6 countries NORTH Regions I to IV and XV 55 CCP CENTER Regions V, VI and RM 230 CCP SOUTH Regions VII to XII an
Slide 14: Loan portfolio
Loan portfolio Bci has outperformed the financial system during 2012-2016 (US$ Million) CNB BCI Total Loans Commercial & Interbank Loans 6.0% 3.5% 10.6% 8.9% 26.1% 28.0% 15.6% 33,001 30,857 14.0% 21,879 20,374 24,472 26,178 17,092 22,081 15,116 16,413 19,963 13,751 2012 2013 2014 2015 Sep'15 Sep'16
Slide 15: Loan portfolio: well diversified and balanced
Loan portfolio Bci Well diversified and balanced loan portfolio Retail Comercial CIB Comercial CIB Finance SMEs Banking Banking Division Division Individuals Revenues < UF Revenues > UF 80.000 Corporate and (up to US$3.1 M*) (up to US$ 58,6 million*) Private Banking 38.97% 33.05% 26.02% 27.43% 23.35
Slide 16: Risk indicators
Risk indicators Conservative risk management policies Risk Index Total Loans Risk Index Commercial Loans Commercial Allowances/ Commercial Loans (Bci) Allowances/ Total Loans (Bci) Commercial Allowances/ Commercial Loans (Financial System) Allowances/ Total Loans (Financial System) 2.81% 2.93% 2.90%
Slide 17: Conservative risk management policies
Conservative risk management policies NPL Ratio (NPLs/Total Client Loans) NPL Ratio (Commercial Loans) Bci Financial System Bci Financial System 2.20% 2.15% 2.12% 2.57% 2.52% 2.00% 1.88% 1.85% 1.95% 2.03% 2.39% 2.29% 2.06% 1.92% 1.47% 1.39% 1.50% 1.43% 1.68% 1.72% 1.66% 1.51% 1.47% 1.46% 2012 2013 2
Slide 18: Strong time deposit growth with retail customer base
Strong time deposit growth with retail customer base Non interest bearing deposits & time deposits (US$ million) 60.2% 30.5% 10.0% 8.8% 12,230 11,652 7,272 5,958 6,979 Non Interest 5,499 Bearing Deposits 14,136 14,122 15,528 10,976 11,713 12,505 Time Deposits 2012 2013 2014 2015 Sep'15 Sep'16 Local
Slide 19: Profitability
Profitability Bci has outperformed the Financial System during 2012-2016 NIM (*) (Net Interest Margin/ Average Interest Earning Assets) 4.21% 4.49% 4.14% 4.00% 3.97% 3.66% 4.31% 3.78% 3.85% 3.93% 3.93% 3.58% 2012 2013 2014 2015 Sep'15 Sep'16 Bci Banking Sector Efficiency ratio (**) Fee income ratio
Slide 20: Profitability
Profitability Sustained and profitable growth Net Income and Market Share (US$ Million) 6.84% 4.08% 600 521 503 20.00% 456 412 371 18.00% 500 386 400 Net Income 16.00% 16.5% 300 15.7% 16.0% Market Share 14.00% 200 15.0% 14.6% 100 13.8% 12.00% 0 10.00% 2012 2013 2014 2015 Sep'15 Sep'16 ROAA (*) ROAE
Slide 21: Capitalization
Capitalization Bci capitalization well above regulatory requirements 13.60% 13.44% 13.78% 13.50% 13.49% 11.98% Regulatory Capital / Consolidated Risk weighted assets Basic Capital / Total Assets 7.04% 7.14% 7.19% 7.04% 7.67% Required by Sbif (8%) 6.32% Required by Sbif (3%) 2012 2013 2014 2015 Sep'1
Slide 22: City National Bank of Florida
Bci Investor Relations City National Bank of Florida
Slide 23: Simulation of Bci stand alone and City National Bank of Florida
Simulation of Bci stand alone and City National Bank of Florida CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Cash 1,739 278 0 2,017 Securities 3,588 1,787 0 5,375 Loans and receivables net (**) 27,494 4,957 0 32,451 Other Financial Instruments 1,117 97 -872 341 Fixed Assets 348 78 0 425
Slide 24: Simulation of Bci stand alone and City National Bank of Florida
Simulation of Bci stand alone and City National Bank of Florida CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Net Interest Income 879 151 1,029 Net Service Fee Income 279 16 296 Operating Income 1,158 167 1,325 Other Operating Income 99 10 109 Provision for loan losses -193 -9 -202 Operat
Slide 25: Financial Highlights
Financial Highlights* • Total Assets increased by $1.28 billion to $7.7 billion (20% increase vs. Dec 2015) • New Loan Commitments of $1.7 billion (34% increase compared to prior year period) Balance Sheet • Total Loans increased by $875 million to $5.0 billion (21% increase vs. Dec 2015) • Deposits
Slide 26: CNB has maintained continuous growth
CNB has maintained continuous growth Net Loans (US$bn) as of September 30, 2016 Deposits (US$bn) as of September 30, 2016 23.5% 7.8% 4.0% 13.0% 22.0% 4.1% 4,6 21.0% 4,5 4,5 20.4% 5,0 4,2 CNB CNB 3,7 Growth 14.6% 4,0 4,0 3,5 25.7% Growth 3,3 2,9 ‘11-’16 ‘11-’16 2,7 2,4 CAGR: 20% CAGR: 11% 1,9 2011 20
Slide 27: Thank you
This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend
Slide 28: Balance sheet
Balance sheet US$ million (*) 2012 2013 2014 2015 CAGR Sep'15 Sep'16 %D 2012-2015 Cash 2,218 1,918 2,352 1,934 -4.47% 2,766 2,017 -27.08% Securities 3,032 3,004 3,172 5,633 22.94% 3,598 5,375 49.40% Loans 19,963 22,081 24,471 30,303 14.93% 25,663 32,451 26.45% Other Financial Instruments 105 122 154
Slide 29: Balance sheet
Balance sheet CLP$ million (*) 2012 2013 2014 2015 CAGR Sep'15 Sep'16 %D 2012-2015 Cash 1,459,619 1,261,766 1,547,758 1,272,552 -4.47% 1,820,152 1,327,172 -27.08% Securities 1,994,900 1,976,887 2,086,992 3,706,721 22.94% 2,367,463 3,536,935 49.40% Loans 13,135,803 14,529,469 16,102,488 19,939,945 14
Slide 30: Financial results
Financial results CAGR US$ million (*) 2012 2013 2014 2015 Sep'15 Sep'16 %D 2012-2015 Net Interest Income 905 986 1,167 1,217 10.40% 302 350 15.85% Net Service Fee Income 288 297 323 356 7.30% 94 104 11.09% Operating Income 1,193 1,283 1,490 1,573 9.70% 396 454 14.72% Other Operating Income 192 234
Slide 31: Financial results
Financial results CAGR CLP$ million (*) 2012 2013 2014 2015 Sep'15 Sep'16 %D 2012-2015 Net Interest Income 595,183 649,025 767,979 800,505 10.38% 198,598 230,080 15.85% Net Service Fee Income 189,694 195,215 212,213 234,270 7.29% 61,867 68,730 11.09% Operating Income 784,877 844,240 980,192 1,034,77
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