Vp Bank Ag Class A · SIX:VPBN
Vp Bank Ag Class A — H1 2009 Earnings Presentation
34 slides from Vp Bank Ag Class A's earnings presentation, Aug 25, 2009
Slide 1: VP Bank Group Semi-annual report 2009
VP Bank August, 2009 VP Bank Group Semi-annual report 2009 August 25, 2009, SIX Swiss Exchange
Slide 2: Program
Program Welcoming remarks Hans Brunhart, Chairman of the Board Semi-Annual report 2009 Fredy Vogt, Chief Financial Officer VP Bank Group Adolf E. Real, Chief Executive Officer Summary Hans Brunhart, Chairman of the Board 2
Slide 3: Welcoming remarks
Welcoming remarks Hans Brunhart, Chairman of the Board 3
Slide 4: Hans Brunhart
Hans Brunhart Chairman of the Board 4
Slide 5: Financial results
Financial results Fredy Vogt, Chief Financial Officer 5
Slide 6: Overview of topics
Overview of topics • Profile as of June 30, 2009 • Consolidated income statement • Consolidated balance sheet • Client assets • Segments • Summary 6
Slide 7: VP Bank Group – profile as of June 30, 2009
VP Bank Group – profile as of June 30, 2009 CHF 879.2 million, shareholders’ CHF 26.9 million CHF 39.9 billion equity consolidated Cost/ in client net income Income ratio assets 64.2% 769.7 emplo- yees CHF 49.7 Mio. Consolidated Statement of CHF 12.0 Comprehensive billion in Income total assets 7
Slide 8: Consolidated income statement
Consolidated income statement 8
Slide 9: Total operating income
Total operating income 06/30/2008 06/30/2009 3 3. in CHF million 16 1 5. 14 .4 82 .8 .8 71 .4 66 –11.2% 60 .3 .4 13 11 5 .2 6. -4 Interest-differential Commission Trading Other Total business business activities income operating income 9
Slide 10: Operating expenses
Operating expenses 06/30/2008 06/30/2009 in CHF million 5 2. 10 .2 93 .5 70 .4 61 .8 .0 –9.1% 32 31 Personnel General and Operating expenses administrative expenses expenses 10
Slide 11: Depreciation and amortization
Depreciation and amortization 06/30/2008 .9 06/30/2009 18 in CHF million .1 13 +44.1% Depreciation and amortization 11
Slide 12: Valuation allowances, provisions and losses
Valuation allowances, provisions and losses 06/30/2008 06/30/2009 in CHF million 1 4. 9 2. +40.9% Valuation allowances, provisions and losses 12
Slide 13: Consolidated net income
Consolidated net income in CHF million 4 1 . 5. .9 0 14 6 26 .2 1 9 2 .0 0 2. 23 .2 .7 0 1 93 0 .5 2 3 . 6 2 1 Total net operating Operating Depreciation & Income Consolidated income expenses amortization, taxes net income provisions 13
Slide 14: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 14
Slide 15: Consolidated balance sheet
Consolidated balance sheet 15
Slide 16: Total assets
Total assets 12/31/2008 06/30/2009 .0 .4 12 in CHF billion 11 +5.3% Total assets 16
Slide 17: On-balance-sheet customer deposits (excl. custody assets)
On-balance-sheet customer deposits (excl. custody assets) 12/31/2008 06/30/2009 .5 1 10 . 10 in CHF billion +3.6% On-balance-sheet customer deposits 17
Slide 18: Shareholders’ equity
Shareholders’ equity in CHF million .2 1 9 .2 1 9 .8 0 9 7 .8 0 9 7 2 9 9. 6. 9 0 1. 87 +2 0. 5 .1 +2 5. 5 84 –1 .2 4 7 .6 9 -2 Shareholders’ Dividend IAS 39 Treasury shares, Conso- Shareholders’ equity distribution reserves LTI and foreign- lidated equity 1/1/2009 currency net 06/30/2009 translatio
Slide 19: Financial instruments
Financial instruments 12/31/2008 06/30/2009 in CHF million .8 6 . 86 1 6 0 1‘ 5 0 . .2 5% 7 9 9 7. 12% 7 7 86 4 4 +25.3 % 83% Financial Debt securities Equity Trading Instruments incl. securities portfolios and credit derivatives derivatives 19
Slide 20: Client assets
Client assets 20
Slide 21: Client assets (1/2)
Client assets (1/2) 12/31/2008 06/30/2009 in CHF million .9 1 8 . . 5 39 6 2 .5 1 .1 2 .8 6 35 28% +13.7% 3% .8 7 1 26% 43% Client assets Client securities On-balance- Fiduciary Custody accounts sheet deposits assets client deposits 21
Slide 22: Client assets (2/2)
Client assets (2/2) 12/31/2008 06/30/2009 99 '8 in CHF million 39 01 '1 35 11 19 '9 '5 28 28 +4'797 88 +392 '9 10 2 58 6' +4'405 Client assets Custody assets Total under management client assets 22
Slide 23: Client assets under management – asset classes
Client assets under management – asset classes VP Bank Group as of 06/30/2009 12/31/2008 1 8 . . 6 2% 5 2 .5 1 2 .8 6 19% 2% .8 7 Liquidity 17% 40% Bonds 1 Equities 41% Investment funds 15% 15% Other 25% 24% 23
Slide 24: Segments
Segments 24
Slide 25: Overview of segments as of 06/30/2009
Overview of segments as of 06/30/2009 Private Interme- Banking Corporate * in CHF Banking Group diaries Services Center Clients Group net result 19.1 mio. 36.9 mio. –24.5 mio. –2.6 mio. 28.9 mio. before tax* Client assets under 13.4 bil. 15.3 bil. 0.0 bil. 0.2 bil. 28.9 bil. management* Headcount (f
Slide 26: Summary
Summary 26
Slide 27: VP Bank Group – key financial indicators
VP Bank Group – key financial indicators 12/31/2008 06/30/2009 Tier 1 ratio 13.6% 14.7% Cost/Income ratio 67.8% 64.2% Hist. Value-at-Risk in CHF million 65.4 39.6 Group net result per bearer share CHF –14.32 4.35 27
Slide 28: Summary
Summary • Consolidated net income CHF 26.9 million • Consolidated Statement of Comprehensive Income CHF 49.7 million • Solid equity base • Cost reduction measures are beginning to have an effect 28
Slide 29: VP Bank Group
VP Bank Group Adolf E. Real, Chief Executive Officer 29
Slide 30: Adolf E. Real
Adolf E. Real Chief Executive Officer 30
Slide 31: Summary
Summary Hans Brunhart, Chairman of the Board 31
Slide 32: Hans Brunhart
Hans Brunhart Chairman of the Board 32
Slide 33: Questions and Answers
Questions and Answers 33
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