Dexia Holding SA · EURONEXT:DEXB
Dexia Holding SA — Shareholder Meeting (May 2017)
35 slides from Dexia Holding SA's shareholder meeting presentation, May 17, 2017
Slide 1: Dexia Group Annual Shareholders Meeting
Dexia Group Annual Shareholders Meeting Brussels, May 17th 2017
Slide 2: Please turn off your mobile phone
Annual Shareholders Meeting Please turn off your mobile phone Photography, filming and recording is prohibited 2
Slide 3: Disclaimer
Annual Shareholders Meeting Disclaimer ■ This presentation and the information contained therein are provided for informational purposes only. No representation or warranty is made as to the adequacy, accuracy, reliability or completeness of such information. ■ This presentation does not constitute
Slide 4: Agenda
Annual Shareholders Meeting Agenda Section 1 A Renewed Management for the Group Section 2 Achievements of the Year Section 3 Financial Results 2016 Section 4 Looking Ahead Section 5 Activity of the Board and Committees Section 6 Human Resources 4
Slide 5: Agenda: A Renewed Management for the Group
Annual Shareholders Meeting Agenda Section 1 A Renewed Management for the Group Section 2 Achievements of the Year Section 3 Financial Results 2016 Section 4 Looking Ahead Section 5 Activity of the Board and Committees Section 6 Human Resources 5
Slide 6: A renewed Management for the Group
Dexia Group Profile A renewed Management for the Group Robert de Metz, independent director, chairman of the Board Board of Directors of Dexia SA Wouter Devriendt, CEO of Dexia SA 4 independent directors, 3 executive directors and 5 representatives of the Belgian and French States in Corso Bavagnoli
Slide 7: Agenda: Achievements of the Year
Annual Shareholders Meeting Agenda Section 1 A Renewed Management for the Group Section 2 Achievements of the Year Section 3 Financial Results 2016 Section 4 Looking Ahead Section 5 Activity of the Board and Committees Section 6 Human Resources 7
Slide 8: Implementation of capital relief measures to preserve solvency
Achievements of the Year Implementation of capital relief measures to preserve solvency Dexia’s solvency, an attention point for 2016 and 2017 Pressure on regulatory capital with the progressive deduction of the AFS reserve of the regulatory capital with an additional 20% tranche in 2017, as set in
Slide 9: Liquidity: prudent liquidity management in volatile market conditions
Achievements of the Year Liquidity: prudent liquidity management in volatile market conditions Prudent liquidity management Variation of cash collateral posted over 2016 EUR bn Liquidity buffer at EUR 18.2 billion as at 31/12/2016, of 40 which EUR 14.9 billion of unencumbered eligible assets 38 EUR
Slide 10: Operational continuity: resilient, efficient operating model
Achievements of the Year Operational continuity: defining a resilient, efficient and cost effective operating model Further simplification of the Group’s A necessity to adapt the in-house operating model structure in 2016 Liquidation of Dexia Luxembourg and Current in-house operating model would req
Slide 11: Further reduction of systemic risk
Achievements of the Year Further reduction of systemic risk Reduction of the Group’s footprint Desensitisation of the French structured loans Outstanding Number of clients 31/12/2015 31/12/2016 (EUR million) May- Balance 1.955 2012 222 EUR 230 bn EUR 213 bn sheet -17.5 Dec- 973 2015 130 Asset EUR 13
Slide 12: Agenda: Financial Results 2016
Annual Shareholders Meeting Agenda Section 1 A Renewed Management for the Group Section 2 Achievements of the Year Section 3 Financial Results 2016 Section 4 Looking Ahead Section 5 Activity of the Board and Committees Section 6 Human Resources 12
Slide 13: A highly volatile financial environment
Financial Results 2016 A highly volatile financial environment Impacts for Dexia Highly volatile cash Political uncertainty (Brexit, Volatile credit collateral, peaking at US election, Italian spreads, EUR 38.3 billion in Q3 and referendum) resulting in especially on reaching EUR 32.7 billion highly
Slide 14: 2016 financial performance
Financial Results 2016 2016 financial performance Net income Group share of EUR 353 million, including elements of exceptional nature Recurring result Accounting Non-recurring volatility elements +142 M€ +90 M€ +122 M€ Positive impact of the Favourable evolution Gain on the disposal of implementatio
Slide 15: Fundamentals of the net recurring income
Financial Results 2016 Fundamentals of the net recurring income Revenues from assets Stabilisation of funding costs Banking taxes and regulatory declining along with portfolio contributions heavily reduction weighting on costs 158 Q1 2016 Q2 2016 Q3 2016 Q4 2016 154 Banking taxes and regulatory 148
Slide 16: Balance sheet and solvency
Financial Results 2016 Balance sheet and solvency Reduction of the balance sheet total Solvency ratios above regulatory requirements1 212.8 bn€ 16.2% -17.5 bn€ vs. 15.9% on 31/12/2015 vs. 31/12/2015 Reduction of asset portfolios under the effect Net profit for the year and capital relief of natural
Slide 17: Agenda: Looking Ahead
Annual Shareholders Meeting Agenda Section 1 A Renewed Management for the Group Section 2 Achievements of the Year Section 3 Financial Results 2016 Section 4 Looking Ahead Section 5 Activity of the Board and Committees Section 6 Human Resources 17
Slide 18: Looking Ahead: Balance Sheet
Looking Ahead Balance Sheet Indicative1 Run Off Balance Sheet 2013-2021 For illustration only EUR billion Achieved Forecasts1 247 230 Natural asset amortization and 223 asset disposals 213 ~154 Total assets expected to be reduced by ~45% over the period 2014 – 2021 due to natural portfolio amortizat
Slide 19: Looking Ahead: Capital Base
Looking Ahead Capital Base 1 Total capital ratio 2013-2021 For illustration only Achieved Forecasts1 Suppression Deduction of 22.4% of national an additional (Basel II) discretion2 20% tranche of AFS 19.0% reserve in (Basel II) 2017 IFRS 9 first 17.2% application 16.3% 16.8% 14.5% 13.1% 12.6% 13.4%
Slide 20: Agenda: Activity of the Board and Committees
Annual Shareholders Meeting Agenda Section 1 A Renewed Management for the Group Section 2 Achievements of the Year Section 3 Financial Results 2016 Section 4 Looking Ahead Section 5 Activity of the Board and Committees Section 6 Human Resources 20
Slide 21: Activity of the Board and Committees
Activity of the Board and Committees Regular meetings Number of meetings Topics regularly dealt with by the board of directors and the specialised committees: - the execution of the revised orderly 2009 2010 2011 2012 2013 2014 2015 2016 resolution plan and commitments of the States towards the Boar
Slide 22: Agenda: Human Resources
Annual Shareholders Meeting Agenda Section 1 A Renewed Management for the Group Section 2 Achievements of the Year Section 3 Financial Results 2016 Section 4 Looking Ahead Section 5 Activity of the Board and Committees Section 6 Human Resources 22
Slide 23: Human Resources: 2016 remuneration report
Human Resources 2016 remuneration report No change in the individual compensation of the members of the Management board Members of the Management Board, the Executive Committee and the Group Committee not entitled to variable remuneration Sustained dialogue with social partners Strict observance of
Slide 24: Appendices
Dexia Group Annual Shareholders Meeting Appendices
Slide 25: Key Assumptions of Projections
Appendices Key Assumptions of Projections Operating assumptions Going concern Going concern and banking license maintained Rating Dexia Group and its entities maintain their current rating Accounting principles Accounting principles as known at the time of the update Macroeconomic assumptions Intere
Slide 26: Dexia Group
Dexia Group Annual Shareholders Meeting Brussels, May 17th 2017
Slide 27: Procédure de vote - Stemprocedure
Procédure de vote - Stemprocedure
Slide 28: Stemprocedure - Procédure de vote
Stemprocedure - Procédure de vote Voer uw stemkaart in Insérez votre carte de vote Barcode bovenaan en naar u gericht Code barres au-dessus face à vous 28
Slide 29: Stemprocedure - Procédure de vote
Stemprocedure - Procédure de vote Inbrengen tot aan de rode lijn Insérez jusqu’à la ligne rouge Het symbool verschijnt Apparition du symbole 29
Slide 30: Stemprocedure - Procédure de vote
Stemprocedure - Procédure de vote Laat de kaart in het stemtoestel - tussen de stemmingen - na de vergadering Laissez la carte dans le boîtier - entre les votes - après la réunion Is de kaart niet goed ingebracht, dan verschijnt er een waarschuwing Si la carte est mal insérée, un avertissement s'aff
Slide 31: Stemprocedure - Procédure de vote
Stemprocedure - Procédure de vote Na de vergadering Après la réunion Geef uw stemtoestel & -kaart weer af Restituez votre boîtier & votre carte 31
Slide 32: Stemprocedure - Procédure de vote
Stemprocedure - Procédure de vote Stem Votez 1 Ja / Oui 2 Nee / Non 3 Onthouding / Abstention 32
Slide 33: Stemprocedure - Procédure de vote
Stemprocedure - Procédure de vote Stem Votez 1 Ja / Oui 2 Nee / Non 3 Onthouding / Abstention 33
Slide 34: Stemprocedure - Procédure de vote
Stemprocedure - Procédure de vote Stem Votez 1 Ja / Oui 2 Nee / Non 3 Onthouding / Abstention Om uw stem Pour modifier te wijzigen, votre vote, druk uw appuyez sur nieuwe keuze in un autre choix 34
Slide 35: Dexia Group
Dexia Group Annual Shareholders Meeting Brussels, May 17th 2017