National Bank Of Canada · TSX:NA
National Bank Of Canada — Q1 2013 Earnings Presentation
11 slides from National Bank Of Canada's earnings presentation, Mar 1, 2013
Slide 1: Analyst and Investor Presentation Q1-2013 Conference Call
28/02/2013 ANALYST AND INVESTOR PRESENTATION Q1-2013 CONFERENCE CALL Friday, March 1st, 2013 - 8:00 am CAUTION REGARDING FORWARD-LOOKING STATEMENTS From time to time, National Bank of Canada (the Bank) makes written and oral forward-looking statements, such as those contained in the Major Economic T
Slide 2: Highlights
28/02/2013 HIGHLIGHTS Q1 13 Q4 12 Q1 12 QoQ YoY ADJUSTED RESULTS (1) Net Income(2) 361 343 353 5% 2% Diluted EPS $2.02 $1.93 $2.00 5% 1% Provision for Credit Losses 32 46 45 (30%) (29%) Return on Equity 19.8% 19.2% 22.1% Common Equity Tier 1 Ratio Under 7.9% 7.3% 7.9% Basel III Dividend Payout(3) 39
Slide 3: Performance Snapshot; Income Statement Overview
28/02/2013 PERFORMANCE SNAPSHOT (millions of dollars) ADJUSTED (1) Q1 13 Q4 12 Q1 12 QoQ YoY Revenues 1,225 1,240 1,238 (1%) (1%) Expenses 747 770 751 (3%) (1%) Net Income 361 343 353 5% 2% Diluted EPS $2.02 $1.93 $2.00 5% 1% ROE 19.8% 19.2% 22.1% REPORTED Q1 13 Q4 12 Q1 12 QoQ YoY Revenues 1,235 1,
Slide 4: Non Interest Expense; Balance Sheet Overview
28/02/2013 NON INTEREST EXPENSE (Excluding specified items) (millions of dollars) Q1 13 Q4 12 Q1 12 QoQ YoY HIGHLIGHTS (YoY) Non interest expense Salaries and Staff Benefits 454 469 458 (3%) (1%) down 1% due to lower salaries and other Technology and Professional Fees 148 144 143 3% 3% operating c
Slide 5: Strong Capital Position
28/02/2013 STRONG CAPITAL POSITION TOTAL RISK-WEIGHTED ASSETS COMMON EQUITY TIER 1 UNDER BASEL III UNDER BASEL III EVOLUTION (QoQ) (millions of dollars) 61,482 62,190 0.28% 59,583 59,388 57,328 3,281 2,887 3,280 3,476 3,251 0.29% 7,903 8,057 0.08% 7,813 8,082 0.13% 7,730 0.27% 7.85% 48,294 50,298 51
Slide 6: Global Credit Portfolio; Specific Provision for Credit Losses
28/02/2013 GLOBAL CREDIT PORTFOLIO As at January 31, 2013 vs. (January 31, 2012) PER BUSINESS PER INDUSTRY RETAIL PORTFOLIO SEGMENT COMPOSITION 6% 9% (5%) (10%) 11% (12%) 11% (10%) 18% 25% (16%) (26%) 11% 4% 37% (10%) (4%) (38%) 67% 21% 8% (67%) 4% 14% (23%) (4%) (7%) (14%) 24% 5% (5%) (23%) 3% (3%)
Slide 7: Impaired Loans and Formation
28/02/2013 IMPAIRED LOANS AND FORMATION (millions of dollars) IMPAIRED LOANS IMPAIRED LOANS FORMATION(1) 8.08% Q1 13 Q4 12 Q3 12 Q2 12 Q1 12 7.12% 7.21% 7.45% 6.56% Retail 22 21 18 13 18 Commercial 34 30 (19) 6 (6) 387 373 387 368 354 Corporate Banking (56) (2) 57 (14) 0 Wealth Management 1 - - - -
Slide 8: Personal and Commercial Banking; Wealth Management
28/02/2013 PERSONAL AND COMMERCIAL BANKING HIGHLIGHTS Q1 13 Q4 12 Q1 12 QoQ YoY (millions of dollars) Revenues up 3% YoY due to strong Revenues 642 636 626 1% 3% volume growth in loans and BA’s (+10%) partially offset by decrease in Personal Banking 300 296 291 1% 3% margins Commercial Banking 234
Slide 9: Financial Markets
28/02/2013 FINANCIAL MARKETS(1) (millions of dollars) Q1 13 Q4 12 Q1 12 QoQ YoY HIGHLIGHTS (YoY) Revenues 303 322 337 (6%) (10%) Strong performance in core client businesses particularly Corporate Trading 127 145 133 (12%) (5%) Banking and Debt Underwriting Banking Services 54 52 43 4% 26% Lower
Slide 10: Detail of Specified Items; P&L vs. VaR
28/02/2013 APPENDIX 1 │DETAIL OF SPECIFIED ITEMS(1) (millions of dollars) Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Natcan / Fiera Transaction - 227 (1) 1 (1) Acquisition of WW & HSBC (8) (8) (8) (14) (6) Acquisition of TMX - - - - (1) Severance Pay - (15) - (65) - MAV and Other Notes 5 34 5 111 12 Leases Termi
Slide 11: Trading P&L Results; Investor Relations
28/02/2013 APPENDIX 4 │ TRADING P&L RESULTS # days Trading P&L distribution - Q1 2013 18 16 14 12 10 8 6 4 2 0 (1) - 1 2 3 4 5 6 7 8 9 10 11 12 13 $ millions Q1 2013 RESULTS CONFERENCE CALL – March 1st, 2013 I 21 INVESTOR RELATIONS Financial analysts and investors who want to obtain financial inform
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