Banca Ifis S.p.a. · MIL:IF
Banca Ifis — FY2017 Earnings Presentation
17 slides from Banca Ifis's earnings presentation, 2018
Slide 1: Banca IFIS Group 2017 Preliminary Results
BANCAIFIS ra = is ™ NS 2 ‘XN y aX BANCA IFIS GROUP 2017 PRELIMINARY RESULTS
Slide 2: Highlights
HIGHLIGHTS (Million Euro) FY2017 preliminary Profitability 180,8 Net profit 13,9% ROE Solidity 1.368,7 Equity 15,64% CET1 Liquidity 7.725,2 Funding 7.037,7* FY2016 restated*: data adjusted for the final price paid for Interbanca Group acquisition 22
Slide 3: 2016: Do You Remember?
2016: DO YOU REMEMBER? 2016: 2016: • Interest 15,8 mln: one off positive • Consolidation for only one month of impact coming from the adoption of Interbanca Group data the new model to estimate the cash • Reversal PPA impact for around 10 flow of health service receivables mln purchased outright • T
Slide 4: Margins (NBI and NPFA)
MARGINS (NBI and NPFA*) (Million Euro) – Preliminary Data NBI 2017 Breakdown by segment NBI: 519,6 35,0% 31,7% 30,0% 28,1% 25,2% 25,0% 20,0% ( 326,0 FY 2016) +59,4% 15,0% 12,1% NPFA*: 504,8 10,0% 5,0% 3,0% 0,0% 0,0% (299,4 FY 2016) +68,6% Trade Rec. NPL Area Tax Rec. Corp. Bank Leasing G&S Data Trad
Slide 5: Trade Receivables Segment
INSIGHT ON TRADE RECEIVABLES SEGMENT FY17 preliminary data Turnover Clients NBI/Loans Rolling 11,7 bln +2% 4,98% +11% 5.447 Loans 3.039,8 mln -1,7% vs 31/12 Net provisions Cost of credit NPL/Loans -33,6 mln 115 bp Coverage 89,1% 59
Slide 6: Corporate Banking Segment
INSIGHT ON CORPORATE BANKING SEGMENT FY17 preliminary data Loans New Loans 1.059,7mln 420 mln +17% Reversal PPA-NBI 109,9 mln Cost of credit NPL/Loans -153 bp Provisions Coverage Positive due to release 28,4 of previous provision 93,5% and reversal of PPA Positive 6 11
Slide 7: Leasing Segment
INSIGHT ON LEASING SEGMENT FY17 preliminary data Clients Market share* Loans 1.388,5 mln 71.442 2,7% +12,4% Reversal PPA-NBI NBI /Loans Cost of credit Rolling 10,9 mln 4,48% 58 bp * volumes 7 12
Slide 8: Insight on NPL Area
INSIGHT ON NPL AREA FY17 preliminary data NPL Gross Book Value/NPL Collection Book Value Portfolio Portfolio Internal and External Non Judicial Recovery Payment Plans 602 mln 131 mln 22% Department Order of Assignment Wage 344 mln 123 mln 36% Legal Recovery Department Judicial ongoing workout 2.324
Slide 9: Insight on Area NPL
INSIGHT ON AREA NPL FY17 preliminary data New portfolio Net Book acquisition Value 4,7 bln Portfolio 799,4 mln +42,2% Gross Book Value Portfolio 13,1 bln 9 14
Slide 10: Insight on Tax Receivables
INSIGHT ON TAX RECEIVABLES FY17 preliminary data New portfolio Net Book Value acquisition Portfolio 78,9 mln 130,6 mln +4,7% Cash-in NBI/Loans 77,3 mln Rolling 11,92% 1015
Slide 11: Net Profit
NET PROFIT Million Euro FY17 preliminary data 180,8 (697,7* in FY 2016) -74,1% Personnel 2017 2016 % Change Pro-forma normalized: 98,3 65,9 +49,1% 94,7 (89,8 in FY 2016) +5,5% Other % 14,8 33,2 2017 2016 expenses Change 152,6 126,3 +20,9% 256,3 519,6 67,8 180,8 2017 2016 Cost/Income 49,3% 51,9%** Ta
Slide 12: Asset Quality & NPE Trend
ASSET QUALITY & NPE TREND (Million Euro) FY17 preliminary data 200 Trade Receivables Net Customer Loans 7.000 100 6.000 1.205 105 118 972 82 5.000 31 32 51 4.000 0 31/12/2017 31/12/2016 3.000 Bad loans UTP Past Due exposures 2.000 of which: Loans to customers 1.000 5.231 4.956 0 3.039,8 Trade receiv
Slide 13: Credit Quality: SMEs Lending
CREDIT QUALITY: SMEs LENDING (Million Euro) % FY17 preliminary data Loans to customers : 5.618,6 +4,9% FY2017 Trade Corporate Leasing Tax Total Receivables Banking receivables SMEs Lending Net NPL 31,4 28,9 15,3 0 75,5 % Net NPL/Loans 1,0% 2,7% 1,1% 0% 1,3% % NPE/Loans 7,2% 14,3% 2,4% 0% 7,2% Impair
Slide 14: Balance Sheet – Liabilities Structure
BALANCE SHEET – LIABILITIES STRUCTURE (Million Euro) % change 31.12.2017 (preliminary data) vs 31.12.2016 Total funding rendimax + contomax+ corporate time depo 7.725,2 +9,8% 5.053,1 +9,4% 3% Due to banks 21% 792,0 +57,1% 699,6 TLTRO 10% 66% n.a. Debt Securities Deposits 387,9 Bonds Due to banks Deb
Slide 15: Banca IFIS Group: Equity Breakdown
BANCA IFIS GROUP: EQUITY BREAKDOWN (Million Euro) FY17 preliminary data EQUITY: CHANGES Net equity at 31.12.2016 1.218,8 Difference on the acquisition price of Interbanca Group 9,8 Increases 183,9 Profit for the period 180,8 Change of AFS reserve 1,1 Other 2,0 Minorities 0,0 Decreases 43,8 Dividends
Slide 16: 4 Years of Consistent and Solid Growth
4 YRs OF CONSISTENT AND SOLID GROWTH (Million Euro) - FY17 preliminary data 2014 2015 2016* 2017 2014 2015 2016 2017 Net Profit/ for the period 96 162 698 181 RWA (Eu bn)** 2,8 3,3 7,0 7,4 Net Loans to customers (Eu bn) 2,8 3,4 5,9 6,4 CET 1 Ratio** 14% 15,8% 15,8%* 15,6% AFS+HFT (Eu bn) 5,1 3,2 0,4
Slide 17: Forward-looking statements disclaimer
This Presentation may contain written and oral “forward-looking statements”, which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on a number of assumptions, expectations, projections