Vtb · RUS:VTBR
Vtb — Q1 2016 Earnings Presentation
17 slides from Vtb's earnings presentation, May 16, 2016
Slide 1: VTB Group 1Q'2016 Results
VTB Group 1Q’2016 Results Herbert Moos CFO and Deputy Chairman of VTB Bank Management Board Dmitry Pyanov Senior Vice President, Head of Finance Department Leonid Vakeyev Managing Director, Head of Investor Relations May 16, 2016 1
Slide 2: Forward-looking statements disclaimer
Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of JSC VTB Bank ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous as
Slide 3: VTB Group 1Q'2016 Highlights
VTB Group 1Q’2016 Highlights Key selected items RUB bn 17.4 -4.6 111.1 -40.6 98.3 -116% y-o-y +13% -17% y-o-y y-o-y -60.6 +121% +31% y-o-y y-o-y +11% y-o-y -9.3 0.6 (0.3 in 1Q’2015) (-18.3 in 1Q’2015) Net interest Net fee and Net other Operating Provision charge Staff costs income commission income
Slide 4: Interest Income and Average Yields
Interest Income and Average Yields Interest income and average yields RUB bn Yield on customer 11.2% 11.0% 11.1% 10.9% 10.8% loans Yield on total interest bearing assets 10.0% 10.0% 9.9% 9.8% 9.7% +4% 275.2 291.0 283.9 Interest income on 272.5 262.2 8% other interest bearing 7% 9% 8% 8% assets Inter
Slide 5: Interest Expense and Cost of Funds
Interest Expense and Cost of Funds Interest expense and cost of interest bearing liabilities RUB bn 10.5% Cost of other interest bearing liabilities (1) 8.9% 8.4% 8.7% Cost of total interest 7.8% 7.6% bearing liabilities 7.3% 7.1% 7.4% 7.3% Cost of customer 6.7% deposits 6.8% 6.7% 6.8% 6.4% -19% Int
Slide 6: Net Interest Income and NIM
Net Interest Income and NIM (1) Net interest income RUB bn +121% 93.1 98.3 85.9 65.7 44.4 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 Net interest margin % +180 bps 3.4% 3.1% 3.2% 2.4% 1.6% 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 (1) Calculated as net interest income (adjusted for payments to deposit insurance system) divi
Slide 7: Fee and Commission Income
Fee and Commission Income Fee and commission income breakdown RUB bn +15% Other fee and commission income 28.0 28.4 Commission on 21.7 12% 17% 23.5 operations with securities 20.5 and on capital markets 18% 11% 15% 12% 13% 11% 6% Commission on 5% 6% 15% 12% guarantees issued and 19% 17% trade financ
Slide 8: Provision Charge for Loan Impairment and Cost of Risk
Provision Charge for Loan Impairment and Cost of Risk Provision charge for loan impairment and cost of risk RUB bn 4.9% 4.3% Loans to individuals 3.6% 3.0% Cost of risk 2.2% 2.4% 1.8% 1.5% Loans to legal entities 1.2% 1.6% 2.3% 1.4% 1.6% 0.9% 0.3% Provision charge -27% for impairment of loans to ind
Slide 9: Loan Book Quality
Loan Book Quality Provision for loan impairment RUB bn NPLs (90+) RUB bn 7.2% 7.6% 7.1% 6.7% 7.3% 7.0% 6.8% 7.2% 6.4% 6.3% +6% +16% +1% +4% 639 653 674 673 678 663 644 635 599 571 31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 Allowance for loan i
Slide 10: Staff and Administrative Expenses
Staff and Administrative Expenses Staff costs and administrative expense RUB bn 1.8% 1.8% 1.8% 1.8% 1.7% Cost / Avg. assets 64.3% 59.6% 45.2% 51.1% 54.5% Cost / Income ratio +11% Administrative expenses 55.6 60.5 60.6 Staff costs (1) 54.6 51.2 23.6 20.4 19.4 18.9 22.1 35.2 32.3 33.5 36.9 40.2 1Q'15
Slide 11: Balance Sheet Structure and BIS Capital
Balance Sheet Structure and BIS Capital Assets structure RUB bn Liabilities structure RUB bn BIS Group capital RUB bn +3% 15.2% 15.6% +0% 14.3% 11.9% 12.4% 13.7% -6% 12.9% 12.4% -7% 9.7% 10.1% 13,642 12,439 12,792 12,801 +25% 11,743 5% 12,188 6% 5% 6% 8% 11,325 11,370 11,352 7% 10,656 13% 6% 6% 10%
Slide 12: Assets and Liabilities by Currency
Assets and Liabilities by Currency Total assets RUB bn Total liabilities RUB bn 13,642 12,188 12,801 11,352 41% 44% 38% FX 41% FX RUB RUB 59% 62% 56% 59% 31-Dec-15 31-Mar-16 31-Dec-15 31-Mar-16 Net loans and advances to customers RUB bn Customer deposits RUB bn 9,438 8,580 37% 32% 7,267 7,432 FX FX
Slide 13: Loan Portfolio and Customer Deposits
Loan Portfolio and Customer Deposits Loans and advances to customers RUB bn Customer deposits RUB bn +4% +15% -8% +2% 10,110 9,517 9,258 7,432 8,899 8,608 7,144 7,267 6,451 6,078 60% 62% 80% 81% 79% 64% 79% 78% 66% 62% 34% 38% 36% 40% 38% 21% 22% 20% 19% 21% 31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 3
Slide 14: Business with Legal Entities
Business with Legal Entities Loans to legal entities RUB bn Deposits of legal entities RUB bn +4% +9% -11% +5% 8,150 7,594 7,270 6,997 6,720 4,551 4,384 4,607 4,227 3,774 22% 25% 23% 32% 23% 78% 77% 75% 77% 68% 31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15
Slide 15: Business with Individuals
Business with Individuals Loans to individuals RUB bn Deposits of individuals RUB bn +5% +27% -2% +1% 2,883 2,824 2,594 2,224 2,305 16% 16% 1,901 1,888 1,922 1,960 1,988 15% 16% 16% 45% 45% 44% 44% 44% 7% 7% 6% 6% 84% 84% 6% 85% 5% 5% 84% 84% 6% 6% 6% 42% 43% 43% 45% 45% 31-Mar-15 30-Jun-15 30-Sep-1
Slide 16: 2016 Management Expectations
2016 Management Expectations Indicator Measurement Optimistic scenario Conservative scenario Macro GDP, nominal % YoY 0.5 -1.2 CPI inflation % YoY 7.0 7.6 Oil price (Urals), average USD/bbl 50 40 CBR key rate, average % 9.1 10.0 Banking sector Loan growth - Loans to legal entities % YoY 5-10 0-5 - L
Slide 17: Investor Relations
Investor Relations Tel: +7 (495) 775-71-39 e-mail: investorrelations@vtb.ru 17