Brd Groupe Societe Generale Sa (romania) · BVB:BRD
Brd Groupe Societe Generale Sa (romania) — BRD - Groupe Société Générale — FY2009 Earnings Presentation
22 slides from Brd Groupe Societe Generale Sa (romania)'s earnings presentation, Feb 16, 2010
Slide 1: 2009 Results - Press Conference
PRESS CONFERENCE 16 February 2010 2009 RESULTS
Slide 2: 2009: BRD shows strong resilience in a year of profound crisis
2009 RESULTS 2009: BRD shows strong resilience in a year of profound crisis Evolution 2009 (**) 09/08 MRON nominal Net banking income 3,613 13% Operating profit 2,084 13% (*) Net consolidated profit 812 -29% Net profit (BRD stand alone) 792 -30% NB: These figures do note include the impact of revalu
Slide 3: Agenda
AGENDA I. Business highlights: BRD continued its activity in 2009, but faced the marked deterioration of the economic environment II. Operating expenses: the level of investment has been moderately curtailed and the measures of limitation of expenses pursued and reinforced III. Asset quality and net
Slide 4: Franchise value: clientele base remains robust
Business highlights FRANCHISE VALUE The clientele base remains robust in spite of slight decrease of clients number due to the elimination of non-active clients and slow down of acquisition of new ones Individual Clients (*) Corporate Clients (*) (x 1 000) (x 1 000) 162 2,430 2,379 146 149 2,259 1,9
Slide 5: Network: a pause in the development
Business highlights FRANCHISE VALUE Network: a pause in the development… Number of branches (end of period) 930 930 +124 806 +206 BRD 600 Express • Mainly proximity banking: small +274 326 customer oriented units (BRD Express). • 2009 marked a pause in the development and allowed some actions of opt
Slide 6: Deposits / Loans
Business highlights DEPOSITS / LOANS Evolution of deposits & loans showed that BRD maintained its activity in a depressed environment marked by a weak demand for loans Customers’ deposits Loans to customers (BRD consolidated) (BRD consolidated) (end of year, MRON) (end of year, MRON) 34,260 2% 34,86
Slide 7: Total commitments
Business highlights TOTAL COMMITMENTS The distribution of loans continued in spite of a difficult environment Structure of total commitments 2005 2006 2007 2008 2009 as at 31 Dec 2009 10.5 3.2 23.4 26.9 11% 34.3 34.9 Small 40% 22% 4.7 4.8 Medium 9.8 Individuals 7.3 Lar 17.5 co rp g e 9.2 9.1 ora 11.
Slide 8: Consumer finance (BRD Finance)
Business highlights FOCUS ON SUBSIDIARIES Consumer finance (BRD Finance) Balances of loans to customers (MRON) points of sale financing • Maintaining market share and revolving cards 162 leadership position in a depressed market 82 170 • Strong actions for reducing 42 overheads • More conservative r
Slide 9: Leasing (BRD Sogelease) – vendor and equipment finance
Business highlights FOCUS ON SUBSIDIARIES Leasing (BRD Sogelease) – vendor and equipment finance Customer balances Satisfactory resilience of the activity despite (MRON) the strong economic recession in Romania 1,372 A key player in corporate asset financing (3rd rank among leasing bank affiliat
Slide 10: Operational vehicle leasing and fleet management (ALD)
Business highlights FOCUS ON SUBSIDIARIES Operational vehicle leasing and fleet management (ALD) Full Service Operational Leasing is still a new product in Romania; however, the main international competitors have now 5,147 subsidiaries in Romania: Arval, Leaseplan, 4,828 Sixt New Kopel, Hertz, Pors
Slide 11: Net banking income: solid increase in revenues
Business highlights NET BANKING INCOME Solid increase in revenues Net banking income (BRD consolidated) MRON) 1,403 1,772 2,512 3,199 3,613 • Net banking income +13% vs. 2008 FX and others 146 208 334 461 521 (14%) • Interest margin +19% vs. 2008 • Commissions +7% vs. 2008 487 645 989 1,297 1,382 Co
Slide 12: Agenda
AGENDA I. Business highlights: BRD continued its activity in 2009, but faced the marked deterioration of the economic environment II. Operating expenses : the level of investment has been moderately curtailed and the measures of limitation of expenses pursued and reinforced III. Asset quality and ne
Slide 13: Investments
Operating expenses INVESTMENTS Pursuing a substantial investment effort, but in decrease, partially due to the pause in the network development Investments (MEUR) 69 67 64 40 29 IT 20 Real estate 16 Other 4 2005 2006 2007 2008 2009 13
Slide 14: Employees
Operating expenses EMPLOYEES The number of employees slightly diminished, without any major change in 2009 Employees (end of year - consolidated) Measures in anticipation of the crisis where taken with the slow 9,443 -363 9,080 down of new recruitments since 8,489 mid 2008 7,286 Partly this allo
Slide 15: Gross operating income
Operating expenses GROSS OPERATING INCOME 2009: Maintaining a satisfactory increase in revenue despite the crisis Gross Operating Income (BRD consolidated) (MRON) Low cost/income ratio despite weaker loan production 2,084 1,841 Moderate growth of Gross Operating Income 1,406 911 751 44% 42% 42%
Slide 16: Agenda
AGENDA I. Business highlights: BRD continued its activity in 2009, but faced the marked deterioration of the economic environment II. Operating expenses : the level of investment has been moderately curtailed and the measures of limitation of expenses pursued and reinforced III. Asset quality and ne
Slide 17: Cost of risk and asset quality
Net cost of risk and assets quality COST OF RISK Sharp increase of impairment of loans due to the recession but lower than the average of the market Net Cost of Commercial Risk/Commitments BRD’s credit default rate is lower (BRD consolidated) than the banking system’s (Nov (**) 316 b.p. 2009): ¾ O
Slide 18: Agenda
AGENDA I. Business highlights: BRD continued its activity in 2009, but faced the marked deterioration of the economic environment II. Operating expenses : the level of investment has been moderately curtailed and the measures of limitation of expenses pursued and reinforced III. Asset quality and ne
Slide 19: Profit and loss account
Performances PROFIT AND LOSS ACCOUNT 2009: A year of adaptation to the crisis with fairly satisfactory results (**) Evol. 09/08 MRON - RAS 2008 2009 nominal Net banking income 3,199 3,613 +13% Operational costs -1,358 -1,529 +13% Operating profit 1,841 2,084 +13% Cost of risk -484 -1,104 +128% Incom
Slide 20: Return on equity
Performances RETURN ON EQUITY The crisis has not significantly eroded the financial strength of BRD Total B/S as at 31 December 2009 : 48.4 bnRON • Equity – over 100% increase Equity before distribution (MRON) over the last three years, due to ROE (%) steady profits earned. 4,855 4,544 •Capital adeq
Slide 21: BRD share price above BET index in a year of recovery
STOCKMARKET PRICE BRD share price above BET index in a year of recovery Evolution on the Stock Exchange average price (area 2009 – the 100 basis in 2001) Market capitalisation at 09.02.2010 = 2.5 bnEUR 2500 24,5 2000 17,5 16,9 1500 9.265 14,42 BRD RON 11,3 9,34 1000 7.673 5.059 BET RON 5.788 5.913 5
Slide 22: Investors relationship
Investors relationship Phone : +4 021 - 301 61 33; Email : investor@brd.ro Disclaimer: Preliminary unaudited financial results
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