Trustco — Shareholder Meeting (February 2015)
9 slides from Trustco's shareholder meeting presentation, February 2015
Slide 1: Trustco's Financial Performance & the Namibian Economy
2015 AGM TRUSTCO’S FINANCIAL PERFORMANCE & THE NAMIBIAN ECONOMY
Slide 2: Economic snapshot of Namibia: Macro-economic conditions
Economic snapshot of Namibia Macro-economic conditions • 25th year of independence with 3rd democratically elected president in office • GDP growth and forecast – 5.5% 12-month lagging as at 30 June 2015 • GDP per capita $5,589 (current prices) NAMIBIA vs RSA GDP (USD billions) 450 16 Sectoral split
Slide 3: Economic snapshot of Namibia: Monetary policy and outlook
Economic snapshot of Namibia Monetary policy and outlook • Inflation remains within target at 3.4% (as at 31 March 2015) • Interest rates remain high for both borrowers and lenders • Prime banking rate 10.25% • 5 year on-the-run Namibian government bond yielding 8.67% I N F L AT I O N ( N A M V S R
Slide 4: Highlights: Trustco vs JSE (ALSI)
Highlights During 2014, Trustco was the top performing stock on the JSE TRUSTCO vs JSE (ALSI) Past 30 months 60 000 500 JSE ALL Share index 50 000 400 TTO (cents) 40 000 30 000 300 20 000 200 10 000 100 JALSH Index TTO SJ Equity 0 0 2013/06/03 2013/12/03 2014/06/03 2014/12/03 2015/06/03 4
Slide 5: Our core products – Insurance and Banking
Our core products – Insurance and Banking Traditional product lines continue to grow and segments are starting to support similar contributions to the group’s earnings Total banking advances Insurance and Investments FY2015 900 40.0% ZAR millions (loan book) Non-performing loan % 800 35.0% 700 30.0%
Slide 6: Insurance Investment portfolio
Insurance Investment portfolio Whilst the investment portfolio - driven by insurance investment spread requirements - remains balanced with rental properties, unlisted investments, smaller business lines contributing, the residential property sales remain a key driver of the non-financial services r
Slide 7: Historical earnings and metrics
Historical earnings and metrics Revenue exceeded NAD1billion for the first time in 2015 and due to a moderate financial leverage ratio (105%) delivered superior returns to shareholders FY2013 FY2014 FY2015 NAD’000s NAD’000s NAD’000s Revenue 595 239 843 554 1 017 073 NPAT 39 384 252 672 303 238 Headl
Slide 8: Investment case
Investment case A number of key developmental investors as well as commercial banks have invested in Trustco; with many of these institutions conducting lengthy and in-depth due diligences before investing • DFI’s • Foreign and Local Banks 8
Slide 9: Like to know more?
Like to know more? www.tgh.na or Margot Gebhardt – Investor relations Tel: +264 61 275 4501 Email: MargotG@tgh.na Ryan McDougall - Group Financial Director Tel: +264 61 275 4501 Email: RyanM@tgh.na 9
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