National Bank Of Canada · TSX:NA
National Bank Of Canada — Shareholder Meeting (April 2012)
37 slides from National Bank Of Canada's shareholder meeting presentation, Apr 4, 2012
Slide 1: Welcome to the 2012 Annual Meeting of Holders of Common Shares
04/04/2012 WELCOME TO THE 2012 ANNUAL MEETING OF HOLDERS OF COMMON SHARES JEAN DOUVILLE CHAIRMAN OF THE BOARD 1
Slide 2: Opening of the 2012 Annual Meeting of Holders of Common Shares
04/04/2012 OPENING OF THE 2012 ANNUAL MEETING OF HOLDERS OF COMMON SHARES OPENING OF THE 2012 ANNUAL MEETING OF HOLDERS OF COMMON SHARES 2
Slide 3: Notice of Meeting, Scrutineers and Quorum; Receipt of Financial Statements
04/04/2012 NOTICE OF MEETING, APPOINTMENT OF SCRUTINEERS AND ATTESTATION OF QUORUM RECEIPT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND THE INDEPENDENT AUDITOR’S REPORT 3
Slide 4: Operating results
Operating results Net income 1,213 Diluted earnings per share $6.85 Return on equity 17.7% NATIONAL BANK OF CANADA Including 1,034 $5.94 17.0% According to GAAP, in millions of dollars unless otherwise indicated spe 2011 1,203 $7.00 18.1% 2010 1,084 $6.25 17.7% 933 947 NATIONAL BANK OF CANADA Accord
Slide 5: Diluted earnings per share; Return on equity
Diluted earnings per share According to GAAP, in dollars, excluding specified items 5.65 5.75 6.22 6.25 20 2 2 NATIONAL BANK OF CANADA. +6% Sg Return on equity As a %, excluding specified items 20.0 19.7 19.0 17.7 20 2 2 NATIONAL BANK OF CANADA. 18.4 04/04/2012
Slide 6: Dividend per share
Dividend per share In dollars + 5% 2.74 2.48 2.48 2.48 2.28 NATIONAL BANK OF CANADA. Dividends per share and member dividends 140 120 NATIONAL BANK 100 BMO. 80 SCOTIA ‘ es 60 — DESJARDINS peel Rec 40 = 1D 20 0 2007 2008 2009 2010 2011 NATIONAL BANK Source: Company reports OF CANADA 04/04/2012
Slide 7: Net income by segment
04/04/2012 Net income by segment According to GAAP, in millions of dollars unless otherwise indicated Excluding specified items Personal and Commercial Wealth Management Financial Markets NATIONAL BANK OF CANADA Operating results - 1st quarter According to IFRS, in millions of dollars unless otherwi
Slide 8: Net income by segment - 1st quarter
Net income by segment - 1st quarter According to IFRS, in millions of dollars unless otherwise indicated Excluding specified items 2012 =2014 hange Personal and Commercial 170 156 9% Wealth Management 38 48 (21%) Financial Markets 114 13% NATIONAL BANK OF CANADA According to IFRS, in billions of dol
Slide 9: Bank's shareholder equity
Bank’s shareholder equity According to IFRS, in billions of dollars 6.4 6.6 oe Preferred shares Common shareholders’ equity NATIONAL BANK OF CANADA. Tier 1 capital ratio As a % of risk-weighted assets under Basel I] AIRB rules 14.0 13.6 et. 34, 2010 oct 34,2011 jn. 81, 2012 a ee ae NATIONAL BANK Acc
Slide 10: Receipt of the Consolidated Financial Statements and the Independent Auditor's Report
04/04/2012 RECEIPT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND THE INDEPENDENT AUDITOR’S REPORT 10
Slide 11: Address by Louis Vachon
04/04/2012 ADDRESS BY LOUIS VACHON PRESIDENT AND CHIEF EXECUTIVE OFFICER 11
Slide 12: Excellent financial performance in 2011
Excellent financial performance in 2011 & Record profits and revenues & Record share price & Adjusted return on equity of 18.1% ) Strong increase in business volumes NATIONAL BANK OF CANADA. SHAREHOLDERS Recognized for our financial strength @ Best loan loss ratio in the industry Q Tier 1 capital ra
Slide 13: Top quartile stock performance
Top quartile stock performance 6 National Bank outpaces the other major banks in terms of total shareholder return = 11% 5% 5% 4 YEAR 0% SCOTIA RBC NATIONAL BMO ™D CIBC (4%) (9%) 5 YEARS +8% +2% +7% +2% +5% +3% 10 YEARS +16% +10% +11% +9% +12% +12% As at October 31, 2014 NATIONAL BANK OF CANADA SHAR
Slide 14: Our priorities for 2012
Our priorities for 2012 Roll out the main initiatives of the Client Value Proposition BD Continue simplifying processes with the MAX Program E® Lay the groundwork for the next phase of development outside Quebec NATIONAL BANK OF CANADA CLIENTS Rolling out our Client Value Proposition The Client Valu
Slide 15: What we aim to accomplish
What we aim to accomplish The Client Value Proposition, together with the MAX Program, will provide major advantages: q Integrated distribution channels = Enhanced client experience, lower costs, increased cross-selling & Maximized operating leverage & Greater agility and accessibility NATIONAL BANK
Slide 16: A modern network
04/04/2012 A modern network Qin 2011, $34 million was invested in renovating several dozen branches & Our new mobile banking solutions were launched & Extended business hours: 90 branches now open Saturday Photo credit: Pierre Guzzo & Reduced wait time for TELNAT NATIONAL BANK OF CANADA. CLIENTS Str
Slide 17: An active, responsible lender
04/04/2012 An active, responsible lender The Bank continues to actively support its clients with their projects Personal loans Business loans $53.2 billion $28.2 billion Mortgages, credit cards and Small, medium-sized and consumer loans large companies 2010 to 2011: +12% 2010 to 2011: +16% NATIONAL
Slide 18: New quality jobs added
New quality jobs added More than 2,900 jobs added since 2007 19,785 19,431 18,322 17,747 17,146 16,863 Le | " 2008 © 2009 ~ 2010 jan, 34, 2012 |__________ ag at October 31 -——H! EMPLOYEES NATIONAL BANK OF CANADA. A clear commitment to diversity Representation of women in 40.6% senior management posi
Slide 19: A stimulating work environment
A stimulating work environment Employee engagement levels remain high BEST EMPLOYERS IN QUEBEC 2012 BEST EMPLOYERS INCANADA 2012 Rar s . $21 million invested in training in 2012 Pilot project concerning the retirement of experienced employees NATIONAL BANK EMPLOYEES slog, ‘ OF CANADA. ncy A Canadian
Slide 20: A major contributor to the community
04/04/2012 A major contributor to the community CHUM and MUHC foundations $8,000,000 Mount Sinai Hospital $200,000 Collége universitaire de Saint-Boniface $150,000 Fondation Tel-Jeunes $125,000 Grands Ballets canadiens de Montréal $75,000 United Way/Centraide $3,100,000 OF CANADA Supporting tomorrow
Slide 21: Developing the financial cluster
Developing the financial cluster Key initiatives to continue strengthening the financial cluster & MAPLE = Major phases completed & FIERA/NATCAN = A unique proposal in the Canadian market with definite growth potential & A major Quebec-based player NATIONAL BANK OF CANADA. COMMUNITY PF concuion| Tod
Slide 22: Address by Louis Vachon
04/04/2012 ADDRESS BY LOUIS VACHON PRESIDENT AND CHIEF EXECUTIVE OFFICER 22
Slide 23: Review of general practices governing voting
04/04/2012 REVIEW OF GENERAL PRACTICES GOVERNING VOTING REVIEW OF GENERAL PRACTICES GOVERNING VOTING 23
Slide 24: Review of general practices governing voting; presentation of Bank proposals
04/04/2012 REVIEW OF GENERAL PRACTICES GOVERNING VOTING PRESENTATION OF BANK PROPOSALS 24
Slide 25: Election of directors
04/04/2012 ELECTION OF DIRECTORS 25
Slide 26: Lawrence S. Bloomberg, André Caillé
Lawrence S. Bloomberg André Caillé 04/04/2012 26
Slide 27: Gérard Coulombe, Bernard Cyr
04/04/2012 Gérard Coulombe Bernard Cyr 27
Slide 28: Gillian H. Denham, Jean Douville
Gillian H. Denham Jean Douville 04/04/2012 28
Slide 29: 04/04/2012
04/04/2012 29
Slide 30: Louise Laflamme, Roseann Runte
Louise Laflamme Roseann Runte 04/04/2012 30
Slide 31: Lino A. Saputo, Jr.
Lino A. . Saputo, Jr 04/04/2012 31
Slide 32: Election of directors
04/04/2012 ELECTION OF DIRECTORS 32
Slide 33: Advisory vote on executive compensation; appointment of independent auditor
04/04/2012 ADVISORY VOTE ON THE BOARD OF DIRECTORS’ APPROACH TO EXECUTIVE COMPENSATION APPOINTMENT OF INDEPENDENT AUDITOR 33
Slide 34: Amendment to the stock option plan; shareholder proposals
04/04/2012 AMENDMENT TO THE STOCK OPTION PLAN OF THE BANK PRESENTATION OF SHAREHOLDER PROPOSALS 34
Slide 35: Voting results, termination of the meeting and question period
04/04/2012 VOTING RESULTS TERMINATION OF THE MEETING AND QUESTION PERIOD 35
Slide 36: Question period
04/04/2012 QUESTION PERIOD 2012 ANNUAL MEETING OF HOLDERS OF COMMON SHARES 36
Slide 37: Adjournment of meeting
04/04/2012 ADJOURNMENT OF MEETING 37
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