Vtb · RUS:VTBR

Vtb — H1 2010 Earnings Presentation

16 slides from Vtb's earnings presentation, Sep 2, 2010

  1. Slide 1: VTB Group 6M'10 Results

    VTB Group 6M’10 Results Herbert Moos, CFO, Deputy Chairman of the Management Board Jyrki Talvitie Senior Vice President, Head of Investor Relations September 2, 2010 Moscow 1 © VTB 2010

  2. Slide 2: Forward-looking statements disclaimer

    Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of JSC VTB ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous assumpt

  3. Slide 3: 1H'2010 Highlights

    1H’2010 Highlights ■ Record net profit in 1H’2010 − RUB 25.1 bn ■ Corporate Banking posts a solid 1H’2010 − RUB 18.3 bn pre-tax profit as compared to RUB 23.8 bn loss in 1H’2009 ■ Substantial contribution from Retail and Investment Banking – 1H’2010 pre-tax profit of RUB 11.1 bn and RUB 9.7 bn, resp

  4. Slide 4: 1H'2010 Financial Highlights

    1H’2010 Financial Highlights (in RUB bn) 1H'10 1H'09 y-o-y 2Q'10 1Q'10 q-o-q Net interest income before provisions 86.4 70.3 22.9% 44.4 42.0 5.7% Net fee and commission income 11.8 9.7 21.6% 6.7 5.1 31.4% Net result from financial instruments 2.8 (14.5) n/a (5.6) 8.4 n/a Operating income before prov

  5. Slide 5: Business Update

    _ Business Update 4 = - " ; — —— — ? . in, F F: | : m ! = z =

  6. Slide 6: Corporate Banking: Continued Focus on Profitable Growth

    Corporate Banking: Continued Focus on Profitable Growth Corporate Corporate Loans Loans (Gross) (Gross) Financial Financial Highlights Highlights (1) (1) 12.7% 13.0% 12.8% (in RUB bn) 1H’10 1H’09 y-o-y 13% Net interest income 57.0 46.6 22.3% 2,263 2,121 2,374 Net fee and commission income 5.1 5.6 (8

  7. Slide 7: Retail Banking: Strong Fee and Commission Growth

    Retail Banking: Strong Fee and Commission Growth Loans Loans to to Individuals Individuals (Gross) (Gross) Financial Financial Highlights Highlights (1) (1) 10.2% 10.7% 8.8% (in RUB bn) 1H’10 1H’09 y-o-y 2% Net interest income 25.5 20.6 23.8% 435 419 442 Net fee and commission income 4.5 2.9 55.2% 3

  8. Slide 8: Investment Banking: Profitable Despite Market Volatility

    Investment Banking: Profitable Despite Market Volatility Global Global Banking Banking Financial Financial highlights highlights (1) (1) Russian Eurobond DCM Domestic DCM (in RUB bn) 1H’10 1H’09 y-o-y Amount No. of # of Lead Amount, # of # Lead manager RUR m issues clients # Manager USD mln issues S

  9. Slide 9: Financial Update

    i Financial Update nil :, . : a i. r =. — on anil " _ Es

  10. Slide 10: Double-Digit Operating Income Growth Driven by Strong Margin

    Double-Digit Operating Income Growth Driven by Strong Margin Operating Income before Operating Income before Provisions Provisions, y-o-y 43.2 50.6 45.4 58.1 47.3 +12.4 28.0 0.6 8.4 105.4 1.8 93.8 15.9 12.4 6.3 2.6 6.7 2.8 4.4 0.6 5.1 11.8 5.4 5.0 28.3 4.3 9.7 +22% (RUB bn) (RUB bn) 44.8 42.0 44.4 8

  11. Slide 11: Costs Remain Under Control

    Costs Remain Under Control Staff and Administrative Expenses Staff and Adm. Expenses, y-o-y 60.0% +23.0% 52.6% 38.1% 41.7% 45.9% 39.6% 36.8% 38.2% 43.9 35.7 23.9 22.2 18.6 21.7 20.1 17.1 16.8 +31% 15.4 (RUB bn) (RUB bn) 12.7 9.2 10.9 7.3 8.1 8.0 +17% 23.8 9.8 10.5 11.2 (2) 13.0 10.8 20.3 8.8 (2) 1Q'

  12. Slide 12: Cost of Risk – Declining Trend Continues

    Cost of Risk – Declining Trend Continues Quarterly P&L Provision Charge Provision Charge, y-o-y 7.1% 6.6% -71.8% 4.3% 4.3% 6.9% 49.2 47.4 2.5% 96.6 (RUB bn) 29.8 28.3 1.7% 2.1% (RUB bn) 15.5 27.2 11.7 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 1H'09 1H'10 Provision charge / Average gross loan portfolio (in

  13. Slide 13: Improved Balance Sheet Structure and Strong Capital Base

    Improved Balance Sheet Structure and Strong Capital Base Assets Structure Liabilities Structure 0.5% -0.1% 3,697 3,611 3,628 3,362 Cash and 3,305 Due to banks 12% 8% 5% 3,106 3,104 9% mandatory and other 6% 2,842 7% 11% reserves borrowed funds(3) 10% 7% 8% 10% Securities 24% 19% 8% 37% 17% Customer

  14. Slide 14: Appendix

    Appendix 14 © VTB 2010

  15. Slide 15: VTB Group public debt instruments

    VTB Group public debt instruments VTB Group Public Debt Instruments Outstanding VTB Group Debt Maturity Profile (1) Equivalent Maturity Borrower amount Instrument Date/Put or Coupon 2,786 (US$, mln)(1) Call Option 2010 2,343 Series 3 RUB EMTN 2 November 2,100 VTB 974 8.75% (put option) 2010 US$ mill

  16. Slide 16: VTB Group public debt instruments issued in 2010 overview

    VTB Group public debt instruments issued in 2010 overview Borrower Date of issue Amount (million) Instrument Maturity date Coupon VTB March 2010 USD 1,250 Series 7 EMTN 2 March 2015 6.465% RUB 5,000 Domestic Stock VTB March 2010 RUB 5,000 March 2013 7.6% Exchange Bonds RUB 10,000 VTB August 2010 SGD

VTB Group — H1 2010 Earnings Presentation on 6ix