Banco Itau Chile · BCS:ITAUCL
Banco Itau Chile — Itaú Chile — Q3 2024 Earnings Presentation
20 slides from Banco Itau Chile's earnings presentation, Nov 4, 2024
Slide 1: 3Q 2024 Results Conference Call
ItaúChile 3Q 2024 Results Conference Call November 4, 2024 ITAUCL Rapa Nui | Región de Valparaíso
Slide 2: Customer Relationship
Customer Relationship NPS leadership for the 3rd consecutive Client Satisfaction (NPS)1 year according to Did you have any problem with your Servitest survey by Ipsos Itaú Chile | Conference Call 3Q'24 2020 2021 2022 2023 2024 bank during the last 6 months?1 1st 24% 19% 19% 2nd 12% 10% 11% 3rd 4th 2
Slide 3: Customer Relationship
Customer Relationship Itaú Chile | Conference Call 3Q'24 #Hablemos Innovative financial education initiatives to contribute to our clients’ financial health, while enhancing brand penetration 3
Slide 4: Product-Market Fit – Customer Relationship
Product-Market Fit – Customer Relationship Hecho contigo Innovative Improving product customer Itaú Chile | Conference Call 3Q'24 Disrupting the satisfaction by financial industry empowering them with a product that to choose their benefits our cost-benefit customers formula ¿Why does your Democrati
Slide 5: Corporate Governance
Corporate Governance Board of Directors Gabriel Moura entered the Board of Directors Itaú Chile | Conference Call 3Q'24 and appointed as Vice-Chairman replacing Milton Maluhy effective as of October 1, 2024 André Gailey acting as Executive Committee Chief Executive Officer since October 1, 2024 C E
Slide 6: Results Highlights
3Q24 | Results Highlights Challenging quarter influenced by one-off effects and seasonality, but … steady growth trend in NIM and in Margin with Clients in the quarter with no changes in full year expected RoTE … (excluding 4Q23 one-offs) … NIM and Margin with Clients Itaú Chile | Conference Call 3Q
Slide 7: Macroeconomic Environment
3Q24 | Macroeconomic Environment UF – Unidad de Fomento1 (∆ value) Quarterly (%) Banking Industry Loans 2 (12-month growth) 1.6% 1.3% 0.8% 0.9% Itaú Chile | Conference Call 3Q'24 0.3% 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 2,1% Average Monetary Policy Rate (MPR) mar-22 jun-22 sep-22 dic-22 mar-23 jun-23 sep-
Slide 8: Results Highlights
3Q24 | Results Highlights 3Q24 vs. 3Q23 change Financial margin Commissions and Non-interest expenses 1 Non-interest Cost of credit Recurring with clients fees2 expenses 1 Itaú Chile | Conference Call 3Q'24 Net Income Ch$ 336.0 billion Ch$ 51.8 billion Ch$ 184.2 billion Ch$ 102.1 billion 3Q24 + 0.3%
Slide 9: Financial margin with Clients
3Q24 | Financial margin with Clients Financial margin with Clients Annualized average rate In Ch$ billion +5.4% 10.4% 9.1% Itaú Chile | Conference Call 3Q'24 +0.8% 7.6% 6.3% 5.7% 270.7 3.4% 3.6% 3.3% 3.4% 255.7 259.2 261.3 3.5% 247.8 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 Financ
Slide 10: Financial margin with the Market
3Q24 | Financial margin with the Market Quarterly evolution UF 1 net exposure (Ch$ trillion) In Ch$ billion 1.4 1.1 0.9 Itaú Chile | Conference Call 3Q'24 0.6 27.2 27.8 26.7 24.0 0.2 20.8 -0.7 48.3 jun-23 sep-23 dec-23 mar-24 jun-24 sep-24 UF – Unidad de Fomento1 (∆ value) 24.8 21.4 1.6% 12.2 1.3% 0
Slide 11: Commissions and fees
3Q24 | Commissions and fees Commissions and fees1 Increasing principality In Ch$ billion 3Q24 2Q24 ∆ 3Q23 ∆ on the back of key Insurance Brokerage 6.8 8.1 -16.2% 9.3 -27.0% services growth Itaú Chile | Conference Call 3Q'24 Credit Operations and Guarantees Provided 9.9 9.6 3.1% 8.7 14.5% Asset Manag
Slide 12: Cost of Credit
3Q24 | Cost of Credit Cost of credit Stable cost of credit around 1.4%, in line with a healthy loan In Ch$ billion 1.5% growth ... 1.4% 1.4% 1.4% 1.1% 1.4% 3.1% 3.3% 3.3% 3.4% 3.4% 3.1% 1.1% Itaú Chile | Conference Call 3Q'24 83.0 80.2 78.4 79.8 238.3 194.3 2.1% 2.2% 2.3% 2.2% 60.5 1.9% 2.0% jun-23
Slide 13: Non-interest expenses
3Q24 | Non-interest expenses In Ch$ billion 3Q24 2Q24 ∆ 3Q23 ∆ Non-interests expenses Personnel 62.0 61.1 1.4% 62.5 -0.9% growing below inflation year-to-date and steady Itaú Chile | Conference Call 3Q'24 Administrative 57.7 57.8 -0.1% 56.4 2.4% efficiency ratio year-on- year Total Personnel and Adm
Slide 14: Other Highlights
3Q24 | Other Highlights Growth (%) | 12-month System Slowdown in loan growth, in line with the market trend Loans Total 1.0% 2.1% Itaú Chile | Conference Call 3Q'24 Commercial -1.7% -1.1% Growing faster than the system in demand deposits of Consumer 0.3% 3.0% individuals and companies, in line with
Slide 15: Capital
3Q24 | Capital BIS III: Transition CET1 capital ratio Peers' information as of Jul'24 and Itaú Chile' s information as of Sep'24 +33 bps +20 bps +23 bps Peers -2 bps -7 bps Δ CET1 CET1 ratio Itaú Chile | Conference Call 3Q'24 (QoQ) +28 bps +17 bps +13 bps -16 bps -29 bps increased QoQ, outperforming
Slide 16: Colombia
3Q24 | Colombia Monetary Policy Rate (MPR) – Average Exchange Rate Quarterly change (%) COP$ / US$ Itaú Chile | Conference Call 3Q'24 13.3% 13.2% 4,154.5 4,176.9 12.7% 11.9% 10.9% 4,042.1 3,855.3 3,852.9 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Inflation (CPI) Quarterly
Slide 17: Colombia
3Q24 | Colombia Recurring Net Income YtD1 Itaú Colombia RoE2 Ch $ billion continues to show better 24.4% 3,5% 2,5% 2.4% 2.3% 1.5% 1.6% 2.2% 2.2% credit and capital ratios than its peers with a Itaú Chile | Conference Call 3Q'24 1,5% 0,5% 1.2% 0.9% -0,5% -1,5% -1.0% -0.3% positive RoE. Recurring 6.0
Slide 18: Key messages
3Q24 | Key messages The new credit card offering and the “Hablemos” Itaú Chile | Conference Call 3Q'24 campaign highlight our innovative approach and dedication to addressing our customers needs. These initiatives align with our commitment to customer centricity and strengthens our product and servi
Slide 19: Disclaimers
Disclaimers • This presentation is not an offer for sale of securities. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities and should not be treated as giving investment, legal, tax or other advice.
Slide 20: ir.itau.cl
ir.itau.cl /Itaú Chile /itauchile @itauchile ITAUCL