Compagnie Financiere Tradition Sa · SIX:CFT
Compagnie Financiere Tradition Sa — FY2016 Earnings Presentation
12 slides from Compagnie Financiere Tradition Sa's earnings presentation, Mar 10, 2017
Slide 1: FY 2016 results presentation
Compagnie Financière Tradition FY 2016 results presentation Zurich 10 March 2017
Slide 2: Improved profitability in a stabilizing revenue environment
Improved profitability in a stabilizing revenue environment Dividend in cash up close to 30% to CHF 4.50; exceptional dividend from treasury shares 1:25 FY2016 performance summary -0.4% 0.2% 7.2% 3.0% 12.2% 16.4% 24.2% 28.6% 837.5 814.5 803.4 margin 9.9% margin 2014 9.1% 85.8 2015 79.3 margin 2016 7
Slide 3: Revenue overview
Revenue overview Adjusted revenue up 0.2% (variation at M CHF M CHF constant rates) IDB 2015 2016 873.8 870.1 +0.2% -0.7% Non-IDB Joint ventures 848.3 833.1 59.3 66.7 +27.2% 37.0 Subsidiaries (reported) 25.5 814.5 803.4 2015 2016 +0.1% +2.8% +8.6% -2.1% -0.3% -7.3% 870.1 873.8 848.3 833.1 2015 Europ
Slide 4: Adjusted underlying operating margin increase to 9.9%
Adjusted underlying operating margin increase to 9.9% margin 2'297 2'229 Exceptional 2'125 2'114 M CHF 2'084 9.1% 9.9% items +7.2% Non IDB 79.3 85.8 1'622 IDB 1'531 1'449 1'414 1'380 8.4 12.7 70.9 73.1 675 698 676 700 704 -6.8 -11.9 2015 2016 31.12.2012 31.12.2013 31.12.2014 31.12.2015 31.12.2016 Su
Slide 5: Gaitame.com continue to improve its profitability
Gaitame.com continue to improve its profitability M CHF M CHF At current rates At constant rates (variation at constant rates) At current rates At constant rates (variation at constant rates) +27.2% +21.5% margin 37% 39% 31% 70.4 24% 49.1 51.2 21% 26.2 46.3 19.9 35.4 14.6 11.7 7.4 2012 2013 2014 201
Slide 6: Net profit – Group share up 24.2% to CHF 50.4m
Net profit – Group share up 24.2 % to CHF 50.4m M CHF FY 2016 FY 2015 Change Change at at Net interest expense -6.5 -6.9 current constant exchange exchange Net foreign exchange gains/(losses) 5.0 0.5 M CHF FY 2016 FY 2015 rates rates Gains/(losses) on financial assets at fair value -0.7 -1.1 Operati
Slide 7: Continued focus on strong balance sheet
Continued focus on strong balance sheet Assets Equity and Liabilities M CHF 31.12.16 31.12.15 M CHF 31.12.16 31.12.15 Property, Plant & Equipment 21.6 21.7 Capital 17.6 17.6 Intangible assets 51.0 47.4 Share premium 24.3 24.2 Investments in associates and joint ventures 126.6 115.0 Treasury shares -
Slide 8: Net cash position of CHF 223m
Net cash position of CHF 223m1) Cash conversion up to 110% of operating profit before D&A 600 Cash in JVs Financial debts* M CHF Unavailable cash, non-current Other liquid assets (AFS) Gross M CHF Cash and cash equivalents adjusted Movements in exchange rates 500 228 223 cash Net cash flows - financ
Slide 9: Total shareholders' equity amount to CHF 401.5m excluding treasury shares
Total shareholders’ equity amount to CHF 401.5m excluding treasury shares M CHF Capital and share premium Consolidated reserves Currency translation 400 Treasury shares Minority interests Total Group share 370.0 380.3 354.1 14.9 300 13.2 12.4 200 470.3 498.9 426.3 100 44.6 41.8 41.9 0 -116.7 -133.8
Slide 10: Tradition to focus on growth opportunities
Tradition to focus on growth opportunities Phase 1 – 1997 to 2008 Phase 2 – 2009 to 2015 Phase 3 – 2016 onwards Consistent strategy since 1997 Post Lehman shake up Top line stabilisation and growth opportunities • Return to profitability • Regulatory transformation with increased pressure on banks •
Slide 11: Tradition, one of the 3 Global IDB
Tradition, one of the 3 Global IDB Through its existing network, the Group share revenue exceed CHF 900m Growth Capture growth opportunities in an industry at an inflection point • Total revenue from existing JV, associates and recent developments add up to CHF 235m Continue to • Accelerate developm
Slide 12: Thank you
GLOBAL Thank you = a Global Leaders In Interdealer Broking | radition
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