Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Investor Presentation (March 2017)
31 slides from Banco De Credito E Inversiones's investor presentation, March 2017
Slide 1: Corporate Presentation
Corporate Presentation March 2017 Investor Relations Department | Email: Investor_Relations_Bci@Bci.cl March 2017
Slide 2: Contents
Contents. Main macroeconomic indicators Chilean financial system Banco de Crédito e Inversiones City National Bank of Florida Bci Investor Relations March 2017
Slide 3: Main macroeconomic indicators
Bci Investor Relations Main macroeconomic indicators
Slide 4: Main macroeconomic indicators
Main macroeconomic indicators GDP (% YoY growth) Investment (% YoY growth) 4.0 2.1 2.5 1.9 1.6 1.7 2.2 1.5 0.8 -1.5 -0.8 2013 2014 2015 2016 2017E 2018E -4.2 2013 2014 2015 2016 2017E 2018E Private Consumption (% YoY growth) Inflation and Central Bank Monetary 5.5 Policy Rate (TPM) (%) 4.9 4.7 4.3 3
Slide 5: Chilean macroeconomic indicators
Bci Investor Relations Chilean macroeconomic indicators
Slide 6: Financial System
Financial System Strong growth over the years (US$ Million) Total Loans (*) Commercial & Interbank Loans (*) 12.3% 8.0% 229,854 14.4% 214,985 5.9% 203,798 204,621 139,331 184,482 122,141 126,288 121,748 112,700 2014 2015 2016 1Q 2016 1Q 2017 2014 2015 2016 1Q 2016 1Q 2017 Consumer Loans (*) Mortgage
Slide 7: Banco de Crédito e Inversiones
Bci Investor Relations Banco de Crédito e Inversiones
Slide 8: Shareholders and corporate governance
Shareholders and corporate governance Shareholder structure as of march 2017 Since Luis Enrique Yarur Rey (President) 1991 Dionisio Romero Paoletti, 2010 Shareholder Float José Pablo Arellano Marín 2011 Agreement 28.03% Board of Mario Gómez Dubravcic 2011 63.29% Juan Ignacio Lagos Contardo 2013 Dire
Slide 9: Bci Highlights - profitable and financially sound
Bci Highlights - profitable and financially sound March 2017 In US$ Million (*) Market Share Total Assets $ 47,001 Total Loans $ 34,075 14.82% ** Net Income (LTM) $ 484 19.27% Market Capitalization $ 6,793 Tier I BIS ratio Capital Ratios 10.27% 13.42% Moody's S&P Fitch International Credit Ranking A
Slide 10: Corporate Strategy
Corporate Strategy Strategic Priorities 11 22 3 3 Leverage digital customer Drive sustainable Enhance leadership and experience to achieve growth, while maintaining collaboration throughout the competitive advantage prudent risk organization 10
Slide 11: Strategy Execution
Strategy Execution Best-in-Class Customer ▪ Leverage digital customer experience and superior analytics to achieve deeper relationships and higher revenues per client, with focus on Retail and SMEs Experience through Digital Transformation ▪ Strategy-driven IT transformation to reduce cost-to serve,
Slide 12: Market shares
Market shares 3rd largest privately owned bank in Chile Total Assets Total Loans 14.61% 14.82% Bci Bci 14.90% 16.85% Others Bank 1 Others Bank 1 62.97% 63.63% 37.53% 17.18% Bank 2 36.52% Bank 2 17.99% Bank 3 Bank 3 16.27% 13.97% Non Interest Bearing Deposits (NIBD) Net Income 20.70% 19.27% Bci Bci O
Slide 13: National and international presence
National and international presence Tactical international coverage combined with one of the largest national distribution channels 362 National commercial contact points (CCP) Presence in 6 countries NORTH Regions I to IV and XV 55 CCP CENTER Regions V, VI and RM 230 CCP SOUTH Regions VII to XII an
Slide 14: Loan portfolio
Loan portfolio Bci has outperformed the financial system during 2014-2017 (US$ Million) CNB BCI Total Loans Commercial & Interbank Loans 8,0% 6,1% 5,9% 4,1% 10,9% 18,3% 17,5% 9,4% 33.959 34.075 30.581 30.734 22.446 5.439 5.635 22.147 4.350 4.282 20.191 20.235 24.253 4.364 4.533 16.266 3.313 3.294 20
Slide 15: Loan portfolio Bci
Loan portfolio Bci Well diversified and balanced loan portfolio Retail Comercial CIB Comercial CIB Finance SMEs Banking Banking Division Division Individuals Revenues < UF Revenues > UF 80.000 Corporate and (up to US$3.1 M*) (up to US$ 58,6 million*) Private Banking 40.87% 36.46% 26.02% 26.85% 21.54
Slide 16: Risk indicators
Risk indicators Conservative risk management policies Risk Index Total Loans Risk Index Commercial Loans Allowances/ Total Loans (Bci) Commercial Allowances/ Commercial Loans (Bci) Allowances/ Total Loans (Financial System) Commercial Allowances/ Commercial Loans (Financial System) 2.90% 3.01% 3.04%
Slide 17: Conservative risk management policies
Conservative risk management policies NPL Ratio (NPLs/Total Client Loans) NPL Ratio (Commercial Loans) Bci Financial System Bci Financial System 2.52% 2.12% 1.96% 2.00% 1.86% 1.85% 1.90% 1.72% 1.62% 2.29% 1.47% 1.46% 1.74% 1.55% 1.64% 1.48% 1.42% 1.55% 1.47% 1.42% 2014 2015 2016 1Q 2016 1Q 2017 2014
Slide 18: Strong time deposit growth with retail customer base
Strong time deposit growth with retail customer base Non interest bearing deposits & time deposits (US$ million) 33.6% 7.5% 10.0% -0.5% 12,120 12,341 11,893 12,780 Non Interest 6,917 Bearing Deposits 12,393 14,010 14,997 14,825 14,754 Time Deposits 2014 2015 2016 1Q 2016 1Q 2017 Local Funding Intern
Slide 19: Profitability
Profitability NIM (*) (Net Interest Margin/ Average Interest Earning Assets) 4.49% 4.00% 3.71% 3.62% 3.62% 4.31% 3.93% 3.59% 3.68% 3.39% 2014 2015 2016 1Q 2016 1Q 2017 Bci Banking Sector Efficiency ratio (**) Fee income ratio (Net Fees/ Net Fees + Net Interest Margin) 50.4% 50.4% 48.7% 25. 00% 22.64
Slide 20: Profitability
Profitability Sustained and profitable growth Net Income and Market Share (US$ Million) -0.41% 600 517 498 512 30.00% 500 22.6% 25.00% 400 15.6% 20.00% Net Income 300 212 15.00% 17.3% 90.6% Market Share 200 13.8% 15.0% 111 10.00% 100 5.00% 0 .00% 2014 2015 2016 1Q 2016 1Q 2017 ROAA (*) ROAE (*) 1.55
Slide 21: Capitalization
Capitalization Bci capitalization well above regulatory requirements 13.78% 13.41% 13.42% 11.98% 12.27% Regulatory Capital / Consolidated Risk weighted assets Basic Capital / Total Assets 7.55% 7.68% Required by Sbif (8%) 7.19% 6.32% 6.40% Required by Sbif (3%) 2014 2015 2016 1Q 2016 1Q 2017 Bis Rat
Slide 22: City National Bank of Florida
Bci Investor Relations City National Bank of Florida
Slide 23: Simulation of Bci stand alone and City National Bank of Florida
Simulation of Bci stand alone and City National Bank of Florida CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Cash 1,608 423 0 2,031 Securities 3,911 1,912 0 5,822 Loans and receivables net (**) 27,895 5,597 0 33,492 Other Financial Instruments 1,276 82 -904 455 Fixed Assets 346 64 0 410
Slide 24: Simulation of Bci stand alone and City National Bank of Florida
Simulation of Bci stand alone and City National Bank of Florida CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Net Interest Income 278 55 333 Net Service Fee Income 89 5 94 Operating Income 366 60 427 Other Operating Income 73 12 85 Provision for loan losses -91 -4 -95 Operating Income, ne
Slide 25: Financial Highlights
Financial Highlights* • Total Assets increased by $1.4 Billion to $8.5 Billion (20% increase vs. March 2016) • New Loan Commitments of $572 Million (465 CNB + 107 CNCF) (150% increase vs. March 2016) Balance Sheet • Total Gross Loans increased by $1.15 Billion to $5.4 billion (27% increase vs. March
Slide 26: CNB has maintained continuous growth
CNB has maintained continuous growth Net Loans (US$bn) as of March 31, 2017 Deposits (US$bn) as of March 31, 2017 29% 22.7 27% 31.2% 22.6% 5.4 7.8% 6.0 5.3 13.0 20.4% 4.1% 5.5 CNB 21.0% Growth 25.7% 14.6% CNB 4.7 4.0 4.2 Growth 4.5 4.2 3.3 3.5 3.7 ‘11-’16 2.7 2.9 CAGR: 2.4 ‘11-’16 13.5% 1.9 CAGR: 22
Slide 27: Thank you
This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend
Slide 28: Balance sheet
Balance sheet US$ million (*) 2013 2014 2015 2016 CAGR 1Q 2016 1Q 2017 %D 2013-2016 Cash 1,900 2,331 1,917 2,376 7.73% 2,650 2,376 -10.33% Securities 2,977 3,143 5,583 5,713 24.26% 5,483 5,713 4.19% Loans 21,883 24,252 30,031 33,401 15.14% 30,164 33,401 10.73% Other Financial Instruments 121 152 397
Slide 29: Balance sheet
Balance sheet CLP$ million (*) 2013 2014 2015 2016 CAGR 1Q 2016 1Q 2017 %D 2013-2016 Cash 1,261,766 1,547,758 1,272,552 1,577,565 7.73% 1,759,318 1,348,673 -23.34% Securities 1,976,887 2,086,992 3,706,721 3,793,351 24.26% 3,640,746 3,865,946 4.19% Loans 14,529,469 16,102,488 19,939,945 22,177,574 15
Slide 30: Financial results
Financial results CAGR US$ million (*) 2013 2014 2015 2016 1Q 2016 1Q 2017 %D 2013-2016 Net Interest Income 977 1,157 1,206 1,363 11.72% 338 333 -1.32% Net Service Fee Income 294 320 353 409 11.64% 88 94 6.11% Operating Income 1,272 1,476 1,558 1,772 11.70% 426 427 0.23% Other Operating Income 232 2
Slide 31: Financial results
Financial results CAGR CLP$ million (*) 2013 2014 2015 2016 1Q 2016 1Q 2017 %D 2013-2016 Net Interest Income 649,025 767,979 800,505 905,053 11.72% 224,094 221,146 -1.32% Net Service Fee Income 195,215 212,213 234,270 271,629 11.64% 58,671 62,256 6.11% Operating Income 844,240 980,192 1,034,775 1,17
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