Banca Ifis S.p.a. · MIL:IF
Banca Ifis — H1 2014 Earnings Presentation
11 slides from Banca Ifis's earnings presentation, 2014
Slide 1: First Half Results June 30, 2014
H14 @ GruppoBancalFIS FIRST HALF RESULTS VALUE TO i YOUR BUSINESS June 30", 2014
Slide 2: Highlights
Highlights (Milion Euro) Net Profit 50,1 (44,0 in 1H 2013) +13,7% Equity 397,9 (380,3 31/12/2013) + 4,6% Funding 8.889,7 (10.844,1 31/12/2013) -18,0% Loans 2.538,4 (2.296,9 31/12/2013) +10,5% Group KPIs 2014 2013 Data at 30th June Credit quality cost 204 b.p. 349 b.p. Cost/income ratio 32,6% 28,1% B
Slide 3: Net Banking Income
NET BANKING INCOME (Million Euro) Trade receivables sector Clients +11,5% Turnover 3,8 billion +51,5% 143,0 (131,7 in 1H 2013) Trade Receivables KPI 2014 2013 +8,5% % Change 1H 2014/2013 1H data NBI/ Turnover 2,1% 2,3% NBI/ Loans 8,8% 7,5% Trade Tax NBI 2014 1H data DRL G&S Receiv. Receiv. Breakdown
Slide 4: Net Result of Financial Operations
NET RESULT OF FINANCIAL OPERATIONS (Million Euro) Net provisions Equal to 21,2 vs 26,3 in 1H 2014 vs 2013 121,8 (105,4 in 1H 2013) +15,5% % Change 1H 2014 / 2013 Group KPI 1H data 2014 2013 Credit 204 bp 349 bp quality cost 1H Data Trade Tax DRL G&S receiv. Receiv. Credit quality cost 3,5% 2014 56,2
Slide 5: Net Profit
NET PROFIT (Million Euro) 50,1 (44,0 in 1H 2013) Group KPI +13,7% % Change 1H 2014 / 2013 1H data 2014 2013 Credit Quality 349 204 bp Cost bp 143,0 Cost/Income 32,6% 28,1% 21,2 ratio 46,6 Tax Rate 33,4% 35,6% 25,2 50,1 NBI Provisions Operating Costs Taxes Net Profit 5
Slide 6: Balance Sheet – Asset Structure
BALANCE SHEET – ASSET STRUCTURE (Million Euro) % Change 30.06.2014 vs 31.12.2013 Loans to customers of which 2.160,7 Trade receivables Total 2.538,4 +10,5% 134,7 DRL 115,1 Tax receivables assets Other Financial Assets (AFS + HTM) 9.419,9 6.373,7 -23,6% Italian Government bond portfolio 4% 1% 6.376,9
Slide 7: Credit Quality
CREDIT QUALITY (Million Euro) % Change 30.06.2014 vs 31.12.2013 Loans to customers: 2.160,7 +11,5% NPL Coverage ratio 83,8% at 30 June 2013 70 Vs 60 78,4% dec 2013 1Q 50 2014 1 H 2014 40 1H 2013 2014 1H 2013 30 2014 1Q 2014 20 1H 10 2014 1H 2014 2013 0 % Net NPLs / Total trade receivables Net NPL Ne
Slide 8: Loans, NPLs, Substandard trends in Trade Receivables Segment
Loans , NPLs, Substandard trends in Trade Receivables Segment DUE FROM CUSTOMERS NON-PERFORMING LOANS/DUE FROM CUSTOMERS SUBSTANDARD LOANS/DUE FROM CUSTOMERS 12,00% 2.000.000 10,00% 1.500.000 8,00% 6,00% 1.000.000 4,00% 500.000 2,00% - 0,00% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201
Slide 9: Debt Securities Portfolio
DEBT SECURITIES PORTFOLIO (Million of Euro) from from up to end 1/1/2015 1/1/2016 from 2017 Total 2014 to to to 2018 31/12/2015 31/12/2016 Total 1.314,2 2.221,7 761,1 2.079,9 6.376,9 % on total 20,6% 34,8% 12,0% 32,6% 100,0% Breakdown 30.06.2014 31.12.2013 Change % AFS 1.289,6 2.515,8 -48,7% HTM 5.0
Slide 10: Balance Sheet – Funding Structure
BALANCE SHEET – FUNDING STRUCTURE (Million Euro) % change 31.3.2014 vs 31.12.2013 rendimax & contomax Total funds 3.795,8 -1,9% 8,889,7 -18,0% Wholesale funding 1.979,5 due to banks -70,3% 43% 57% Wholesale funding 3.060,9 PCT 1.060,9% Repurchase agreements with underlying government bonds and Cassa
Slide 11: Banca IFIS Group: Equity Breakdown
BANCA IFIS GROUP: EQUITY BREAKDOWN (Million of Euro) EQUITY : CHANGES NET EQUITY AT 31.12.2013 380,3 Increases: 52,9 Profit for the period 50,1 Sale of treasury shares 2,8 Decreases: -35,3 Change valuation reserve: -5,1 - Currency changes -0,0 -Change valuation reserve -5,1 Dividends -30,2 NET EQUIT