Arbuthnot Banking Group Plc · LSE:ARBB
Arbuthnot Banking — H1 2014 Earnings Presentation
14 slides from Arbuthnot Banking's earnings presentation, Jul 22, 2014
Slide 1: 2014 Interim Results
Arbuthnot Banking Group PLC 2014 INTERIM RESULTS 22 July 2014
Slide 2: 2014 Interim Review
2014 Interim Review ANDREW SALMON – Chief Operating Officer JAMES COBB – Group Finance Director
Slide 3: Key Messages
PAGE 3 Key Messages Profit before tax £9.5m an increase of 368% Underlying profit before tax £13.2m an increase of 83% Underlying earnings per share 38.1p (H1 2013: 20.7p) Interim dividend per share 11p (H1 2013: 11p) Customer loan growth 25% Customer deposits exceed £1bn for the first t
Slide 4: Headline Results
PAGE 4 Headline Results Six Months Ending 30 June 2014 2013 Operating Income increased 32% Operating Income £57.2m £43.2m 13% positive operating leverage Operating Expenses £40.2m £33.9m PBT increased by 368% Underlying PBT increased 83% Profit Before Tax £9.5m £2.0m Regulatory Capital inc
Slide 5: Divisional Performance
PAGE 5 Divisional Performance Six Months Ending 30 June ---£(000’s) 2014 2013 Change Private Banking (Arbuthnot Latham) 1,737 970 79% Retail Banking (Secure Trust) 11,514 6,207 86% Group Centre (3,726) (5,140) 28% Profit Before Tax 9,525 2,037 Tax (2,862) (633) Profit After Tax 6,663 1,404 Of Which
Slide 6: Private Banking
PAGE 6 Private Banking Profit before tax of £1.7m Customer assets increased by 28% to £394m Customer deposits increased by 30% to £589m Assets under management increased by 32% to £566m Loan to deposit ratio at 67% from 68% Gilliat Financial Solutions traded profitably in H1 a subsequent
Slide 7: Private Banking – Business Momentum
PAGE 7 Private Banking – Business Momentum Customer Loans (£000’s) Customer Deposits (£000’s) Assets Under Management (£000’s) Loan growth CAGR 19% (16% in H1 2013) Deposit growth CAGR 16% (13% H1 in 2013) AUM growth CAGR 30% (28% in H1 2013)
Slide 8: Retail Banking
PAGE 8 Retail Banking Profit before tax of £11.5m Underlying profit increased to £15.2m (H1 2013:£6.2m) Customer assets increased by 22% to £448m Customer deposits increased by 23% to £477m Customer numbers increased 20% to 391,610 Highlights: Completed institutional share placing for
Slide 9: Retail Banking – Business Momentum
PAGE 9 Retail Banking – Business Momentum Customer Loans (£000’s) Customer Deposits (£000’s) Lending Volumes (£000’s) Loan growth CAGR 62% (76% in H1 2013) Deposit growth CAGR 44% (50% H1 in 2013) Lending Volume growth CAGR 79% (95% H1 in 2013)
Slide 10: Appendix
Appendix
Slide 11: Underlying profit (1/2)
PAGE 11 Underlying profit (1/2) Underlying Profit Bridge (£m) 83% Growth
Slide 12: Underlying profit (2/2)
PAGE 12 Underlying profit (2/2) Six Months Ending 30 June - £(000’s) 2013 2014 Profit before tax 2,037 9,525 V12 amortisation 446 ELL fair value amortisation 2,766 2,321 Cost of acquisitions 386 183 Cost of option scheme 2,042 754 Underlying Profit 7,231 13,229
Slide 13: Lending Balances
PAGE 13 Lending Balances £(m’s) June 2009 2010 2011 2012 2013 2014 Arbuthnot Latham 178 211 238 289 341 394 Good growth in all portfolios Personal Lending 15 22 44 68 79 84 Motor Finance 5 31 63 90 115 128 Building a diversified lending business Retail Finance 6 25 45 66 115 134 SME lending st
Slide 14: Forward Looking Statements
Forward Looking Statements PAGE 14 This document is a summary only of certain information contained in the announcement dated 22 July 2014 and should be read in conjunction with the full text of the announcement. This document contains forward looking statements with respect to the business, strateg
Arbuthnot Banking Group — H1 2014 Earnings Presentation on 6ix