Vtb · RUS:VTBR
Vtb — H1 2011 Earnings Presentation
20 slides from Vtb's earnings presentation, Sep 1, 2011
Slide 1: VTB Group 1H'2011 Results
VTB Group 1H’2011 Results Herbert Moos CFO, Deputy Chairman of the Management Board Jyrki Talvitie Senior Vice President, Head of Investor Relations September 01, 2011 1 © VTB 2011 2011
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 Bank ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous as
Slide 3: VTB Group 1H'2011 Highlights
VTB Group 1H’2011 Highlights ■ Record net profit in 1H’2011 − RUB 53.6 bn with ROE at 18.1% ■ Corporate Investment Banking and Retail Banking post a solid 1H’2011 pre-tax profit of RUB 51.2 bn and RUB 20.2 bn, respectively ■ Operating income before provisions up 45% y-o-y to RUB 153.0 bn ■ Strong gr
Slide 4: Segment Analysis
Segment Analysis Corporate and Investment Banking Investment Loans and Transaction (1) Retail Banking Other (2) (in RUB bn) Total CIB Banking Deposits Banking 1H'11 1H'10 1H'11 1H'10 1H'11 1H'10 1H'11 1H'10 y-o-y 1H'11 1H'10 y-o-y 1H'11 1H'10 y-o-y (3) Net interest income 6.2 4.1 53.8 48.7 5.8 4.2 6
Slide 5: Segment Update
Segment Update 5 © VTB 2011 2011
Slide 6: CIB Subsegment – Loans and Deposits
CIB Subsegment – Loans and Deposits Customer Customer Loans Loans Market Market Shares Shares in in Russia Russia 15.0% 16.4% +6.4% 12.8% 12.2% 11.8% 2,073.8 12.8% 1,948.6 (RUB bn) 30-Jun-10 31-Dec-10 30-Jun-11 % Corporate loan market % Corporate deposit 31-Dec-10 30-Jun-11 share in Russia market sh
Slide 7: CIB Subsegment – Investment Banking
CIB Subsegment – Investment Banking VTB VTB Capital Capital League League Tables Tables June June 2011 2011 Key Key Developments Developments in in 1H’11 1H’11 Russia-related international DCM Four simultaneous IPO/SPO deals were successfully # Lead Manager Amount, USD mln # of deals Share, % comp
Slide 8: CIB Subsegment – Transaction Banking
CIB Subsegment – Transaction Banking To be a market leader in Transaction Services businesses in terms of Target market share of clients, volumes, deposits, commissions and fees Product Market share(1) Market position(1) Product offer Current accounts 8.8% 3 Documentary operations 15.6% 2 Cash and s
Slide 9: Retail Banking in Russia
Retail Banking in Russia Segment Segment Data Data -- Loans Loans to to Individuals Individuals (Gross) (Gross) Market Market Shares Shares in in Russia Russia 10.7% 12.2% 12.7% +14% 621.6 7.2% 7.8% 545.4 6.1% (RUB bn) 30-Jun-10 31-Dec-10 30-Jun-11 % Retail loan market % Retail deposit market 31-Dec
Slide 10: Financial Update
Financial Update 10 © VTB 2011 2011
Slide 11: VTB Group 1H'2011 Financial Highlights
VTB Group 1H’2011 Financial Highlights (in RUB bn) 1H'11 1H'10 y-o-y 2Q'11 2Q'10 y-o-y 1Q'11 q-o-q Net interest income before provisions (1) 105.0 86.5 21.4% 59.4 44.5 33.5% 45.6 30.3% Net fee and commission income 17.9 11.8 51.7% 9.9 6.7 47.8% 8.0 23.8% Net result from financial instruments (2) 20.
Slide 12: Solid Operating Income Growth
Solid Operating Income Growth Operating Operating Income Income before before Provisions, Provisions, q-o-q q-o-q y-o-y y-o-y +69% +45% +10% 153.0 72.9 80.1 17.9 47.3 8.0 9.9 105.4 20.9 5.3 15.6 5.5 9.2 6.7 0.7 3.7 11.8 5.3 1.8 (RUB bn) 44.5 45.6 59.4 (RUB bn) 86.5 105.0 (4.6) 2Q’10 1Q’11 2Q’11 Net
Slide 13: Costs Remain under Control but Impacted by TCB Consolidation
Costs Remain under Control but Impacted by TCB Consolidation Staff Staff and and Administrative Administrative Expenses, Expenses, q-o-q q-o-q y-o-y y-o-y +58% +53% +4% 41.7% 44.0% 45.9% 45.3% 42.8% 67.3 43.9 28.0 33.0 34.3 21.7 13.1 14.9 20.1 (RUB bn) (RUB bn) 10.9 39.3 19.9 19.4 23.8 10.8 2Q’10 1Q
Slide 14: Asset Quality Improving
Asset Quality Improving Quarterly Quarterly P&L P&L Provision Provision Charge (1) (y-o-y) Charge (1) (y-o-y) y-o-y y-o-y -18% -36% 2.1% 1.7% 1.1% 1.1% 1.2% 27.2 (RUB bn) (RUB bn) 11.7 17.3 7.7 9.6 2Q’10 1Q’11 2Q’11 1H'10 1H'11 Provision charge for loan impairment/ Average gross loan portfolio Provi
Slide 15: Healthy Balance Sheet Structure and Strong Capital Base
Healthy Balance Sheet Structure and Strong Capital Base Assets Assets Structure Structure Net Net Interest Interest Spread, Spread, y-o-y y-o-y 4,720 Average cost of interest bearing liabilities 4,291 4,448 Net interest spread 6% Average yield on interest earning assets 6% Cash and 3,753 7% 13% 3,62
Slide 16: Update on TCB and Bank of Moscow
Update on TCB and Bank of Moscow 16 © VTB 2011 2011
Slide 17: Update on TCB and BoM Integration Process
Update on TCB and BoM Integration Process TCB TCB Integration Integration Milestones Milestones BoM BoM Integration Integration Milestones Milestones TCB integration plan was approved in August 2011 Consolidation process is going according to the TCB will be integrated into VTB Group by 2013:
Slide 18: Appendix
Appendix 18 © VTB 2011 2011
Slide 19: VTB Group Public Debt Instruments
VTB Group Public Debt Instruments VTB VTB Group Group Public Public Debt Debt Instruments Instruments Outstanding Outstanding Public Public Debt Debt Repaid Repaid in in 2011 2011 (1) (1) Equivalent Maturity Amount Borrower amount Instrument Date/Put or Coupon Borrower Instrument Repayment Date Coup
Slide 20: VTB Group International Public Debt Instruments Issued in 2010-2011
VTB Group International Public Debt Instruments Issued in 2010-2011 Borrower Date of issue Amount (mln) Instrument Maturity date Coupon/rate VTB March 2010 USD 1,250 Series 7 EMTN 2 March 2015 6.465% VTB August 2010 SGD 400 Series 8 EMTN 2 August 2012 4.2% VTB August 2010 CHF 400 Series 9 EMTN 2 Aug