Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Q2 2019 Earnings Presentation
20 slides from Banco De Credito E Inversiones's earnings presentation, August 2019
Slide 1: Investor Relations Department, August 2019
Investor Relations Department | Email: Investor_Relations_Bci@Bci.cl August 2019
Slide 2: Chilean financial system
Bci Investor Relations Chilean financial system
Slide 3: …with a robust financial system…
1 …with a robust financial system… CHILE. Evolution of GDP growth projections 2019-2020 Total loans in the banking system1 (US$bn) NPL CHILE. Evolution of GDP growth projections 254.4 219.6 245.6 2019-2020 195.5 206.7 4.4 1.93% 1.90% 1.89% 3.9 1.86% 1.85% 3.4 2.9 2.4 2015 2016 2017 2018 2Q 2019 Sour
Slide 4: Bci at a glance
Bci Investor Relations Bci at a glance
Slide 5: Leading financial institution in Chile by assets…
Leading financial institution in Chile by assets… Profitable and financially sound Diversified business model as of June 2019 Largest bank in Chile (total assets) 3rd Largest Florida-based bank CNB : 24% Assets Bci Miami : 5% Assets 1 US$63.4bn (+9.4% YoY) Total assets City National Bank of Florida
Slide 6: …with a successful strategy supported by its strong corporate governance
…with a successful strategy supported by its strong corporate governance Long-term support from its controlling shareholders… …and strong corporate governance Private Board of Directors is composed by experts in various pension fields, academics, economists, bankers and individuals funds connected w
Slide 7: …and where Bci has a relevant position in the market…
…and where Bci is has a relevant position in the market… Chilean banking system benchmark (local) Chilean banking system benchmark (consolidated) In US$mm, as of June 2019 In US$mm, as of June 2019 Other Other banks banks (12) (12) 13.8% 18.2% 14.5% 16.9% 13.8% 10.1% 12.6% 16.8% 16.4% 15.7% 14.5% 11
Slide 8: …increasing our stake in the retail Segment…
…increasing our stake in the retail Segment… In 2019 the focus is placed on profitability rather than growth Total loans (US$mm) Commercial & Interbank loans (US$mm) 7.9% 2.1% 10.1% 7.1% 34,222 35,267 32,683 20,243 20,305 20,722 29,856 27,882 17,677 18,022 25,643 16,499 10.2% 7.9% 7.7% 5.9% 2015 201
Slide 9: Successful organic growth in Chile…
Successful organic growth in Chile… Net income CAGR1 Total loans market share - local2 (%) June 2015 – June 2019 Median = 6.7% Chile 3 18.7% 13.5% 20.0% 8.1% 5.3% 0.7% 18.0% 18.0% (13.3%) 17.0% 16.0% Return on average assets (ROAA)1 +88 bps of as of June 2019 market share 13.9% 14.0% 1.6% 3 1.5% 13.
Slide 10: …with diversified and low funding cost…
…with diversified and low funding cost… In terms of maturity, currency and geography Funding Sources Breakdown by type1 Other Long term funding composed primarily of UF local bonds in Liabilities 12.8% Equity the Chilean market, complemented by other international 8.3% Demand issuances, through our
Slide 11: …while maintaining prudent risk
…while maintaining prudent risk Highlights Cost of risk index (Allowances / Average Gross Loans) Bci Our loan growth has been accompanied by a well-established risk Santander tolerance framework, which aims to decrease the credit risk perceived from loans from origination to the collection process C
Slide 12: Non-Performing Loans (NPLs)
Non-Performing Loans (NPLs) NPL Ratio (NPLs/Total Client Loans) NPL Ratio (Commercial Loans) 1.63% 1.56% 1.48% 1.41% 1.46% 1.42% 1.40% 1.40% 1.36% 1.24% 1.10% 1.03% 2015 2016 2017 2018 2Q2018 2Q2019 2015 2016 2017 2018 2Q2018 2Q2019 NPL Ratio (Consumer Loans) NPL Ratio (Mortgage Loans) 2.41% 1.92% 1
Slide 13: Bci has implemented several initiatives that prepare it for the future
Bci has implemented several initiatives that prepare it for the future Our strategy is rapidly embracing digital transformation MACH: disruptive innovation rapidly penetrating the market Mach: Number of downloads and Prepaid Cards 1,448,808 1,033,189 939,149 717,615 556,705 68,770 Jun-18 December 20
Slide 14: City National Bank of Florida
Bci Investor Relations City National Bank of Florida 14 14
Slide 15: CNB at a Glance
CNB at a Glance Revenue Breakdown as of June 30, 2019 (YTD) Balance Sheet as of June 30, 2019 Assets Liabilities & Equity In US$ M $15,052 $15,052 2% 1% 4% Gross Credit Portfolio Composition as of June 30, 2019 Funding Structure and Deposits as of June 30, 2019 Source: City National Bank Note: Credi
Slide 16: Balance Sheet Consolidated
Balance Sheet Consolidated Jun-18 Dec-18 Mar-19 Jun-19 $ Var QoQ % Var QoQ $ Var YoY $ Var YoY BALANCE SHEET ($ millions) Commercial & Industrial $2,200 $2,041 $2,088 $2,112 $24 1.1% ($88) -4.0% Commercial Mortgages $4,271 $4,518 $4,569 $4,686 $116 2.5% $414 9.7% Residential Mortgages $2,076 $2,101
Slide 17: Financial Highlights: Sustained and Stable Growth
Financial Highlights: Sustained and Stable Growth Net Loans (US$BN) as of June 30, 2019 Deposits (US$BN) as of June 30, 2019 ‘16-’19 ‘16-’19 CAGR: 26% CAGR: 28% Tier 1 Capital (US$MM) as of June 30, 2019 *Net Income (US$MM) as of June 30, 2019 YTD 2018 - $10.9MM Transaction and other one time expens
Slide 18: Consolidated Income Statement
Consolidated Income Statement 2nd Qtr 4th Qtr 1st Qtr 2nd Qtr $ Var $ Var INCOME STATEMENT ($ millions) 2018 2018 2019 2019 QoQ % Var QoQ YTD 2018 YTD 2019 YoY % Var YoY (+) Net Interest Income $80.1 $100.9 $102.8 $100.8 -$2.0 -2.0% $152.7 $203.6 $50.9 33.3% (+) Non-Interest Income $11.0 $12.2 $14.7
Slide 19: Key Metrics
Key Metrics Source: City National Bank 19
Slide 20: Forward-looking statements
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
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