Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Investor Presentation (February 2018)
31 slides from Banco De Credito E Inversiones's investor presentation, February 2018
Slide 1: Corporate Presentation 2017
Corporate Presentation 2017 Investor Relations Department | Email: Investor_Relations_Bci@Bci.cl February 2018
Slide 2: Contents
Contents. Main macroeconomic indicators Chilean financial system Banco de Crédito e Inversiones City National Bank of Florida Bci Investor Relations February 2018
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 2.7 2.3 2.2 1.9 1.6 1.8 1.5 2013 2014 2015 2016 2017F 2018F -0.8 -1.5 -1.7 -4.2 2013 2014 2015 2016 2017F 2018F Private Consumption (% YoY growth) Inflation and Central Bank Monetary Policy Rate (TPM) (%) 5.5 4.9 4.7 4.3
Slide 5: Chilean financial system
Bci Investor Relations Chilean macroeconomic indicators
Slide 6: Financial System
Financial System Strong growth over the years (US$ Million) Total Loans (*) Commercial & Interbank Loans (*) 3,1% 6,1% 237.902 132.355 133.356 128.651 228.155 121.724 215.804 4,3% 0,8% 199.253 2014 2015 2016 2017 2014 2015 2016 2017 Consumer Loans (*) Mortgage Loans (*) 11,5% 8,4% 71.429 33.117 30.9
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 December 2017 Since Luis Enrique Yarur Rey (President) 1991 Shareholder José Pablo Arellano Marín 2011 Float Mario Gómez Dubravcic 2011 Agreement 27.18% Board of 63.28% Juan Ignacio Lagos Contardo 2013 Directors Lionel Olavarría Leyto
Slide 9: Bci Highlights - Profitable and financially sound
Bci Highlights - Profitable and financially sound Dec’17 in US$ Million (*) Market Share Total Assets $ 55.117 Total Loans $ 40.197 15,61% Net Income (LTM) $ 604 17,57% Market Capitalization $ 8.686 Tier I BIS ratio Capital Ratios 10,21% 13,19% Moody's S&P Fitch International Credit Ranking A1 A A R
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 ▪ Leverage digital customer experience and superior analytics to achieve deeper relationships and Best-in-Class Customer 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 15,33% 15,61% Bci Bci 14,85% 16,33% Bank 1 Others Bank 1 Others 63,54% 64,09% 36,46% Bank 2 35,91% Bank 2 16,20% 17,52% Bank 3 Bank 3 17,16% 14,62% Non Interest Bearing Deposits (NIBD) Net Income 22,52% 17,57% 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 8,8% 6,9% 40.197 15,3% 13,9% 25.967 36.678 24.243 33.029 7.213 5.875 21.808 6.057 4.714 4.698 3.579 26.195 17.568 10,6% 9,1% 9,6% 7,1% 2014 2015 2016 2017 2014 201
Slide 15: Loan portfolio: diversified and balanced
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 43.14% 33.10% 25.11% 25.94% 23.25
Slide 16: Risk indicators
Risk indicators Conservative risk management policies Risk Index Total Loans Risk Index Commercial Loans Allowances/ Total Loans (Bci) Comm ercial Allowances/ Commercial Loans (Bci) Allowances/ Total Loans (Financial System) Comm ercial Allowances/ Commercial Loans (Financial System) 2,90% 3,01% 2,9
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% 1,86% 1,85% 1,93% 1,72% 1,70% 2,29% 1,47% 1,46% 1,48% 1,42% 1,40% 1,47% 1,42% 1,49% 2014 2015 2016 2017 2014 2015 2016 2017 NPL Ratio (Consumer
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) 27.6% 9.1% 15,509 13,329 16.4% 13,090 7,470 Non Interest Bearing Deposits 15,131 16,198 7.4% 17,393 13,385 Time Deposits 2014 2015 2016 2017 Breakdown by type Funding Other We maintain
Slide 19: Profitability
Profitability NIM (*) (Net Interest Margin/ Average Interest Earning Assets) 4.49% 4.00% 3.62% 3.60% 4.31% 3.93% 3.59% 3.36% 2014 2015 2016 2017 Bci Banking Sector Efficiency ratio (**) Fee income ratio (Net Fees/ Net Fees + Net Interest Margin) 22,64% 23,08% 22,33% 21,65% 2 5 , 0 0 % 50,4% 50,7% 2
Slide 20: Profitability
Profitability Sustained and profitable growth Net Income and Market Share (US$ Million) 2,69% 6 2 0 604 30,00% 6 0 0 25,00% 5 8 0 17,3% 20,00% Net Income 558 15,0% 5 6 0 15,00% Market Share 16,6% 5 4 0 13,8% 553 9,2% 10,00% 5 2 0 538 5,00% 5 0 0 ,00% 2014 2015 2016 2017 ROAA (*) ROAE (*) 1,55% 20,7%
Slide 21: Capitalization
Capitalization Bci capitalization well above regulatory requirements 13.78% 13.41% 13.19% 11.98% Regulatory Capital / Consolidated Risk weighted assets Basic Capital / Total Assets 7.55% 7.51% Required by Sbif (8%) 7.19% 6.32% Required by Sbif (3%) 2014 2015 2016 2017 Bis Ratio 13.78% 13.41% 13.19%
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 2,143 290 0 2,433 Securities 5,565 2,130 0 7,695 Loans and receivables net (**) 32,373 7,171 0 39,544 Other Financial Instruments 1,271 20 -930 361 Fixed Assets 365 74 0 440
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 1,257 263 1,521 Net Service Fee Income 417 20 437 Operating Income 1,674 283 1,958 Other Operating Income 267 21 288 Provision for loan losses -321 -25 -346 Op
Slide 25: Financial Highlights
Financial Highlights* • Total Assets increased by $1.9 BN to $10.2 Billion (23% increase vs. Dec 2016) • New Loan Commitments of $3.1BN (2.6BN CNB + 587MM CNCF) (29% increase vs. Dec 2016) Balance Sheet • Total Net Loans & Leases increased by $1.7 BN to $7.1 BN (33% increase vs. Dec 2016) • Deposits
Slide 26: Financial Highlights: Sustained and Stable Growth
Financial Highlights: Sustained and Stable Growth Net Loans (US$BN) as of December 31, 2017 Deposits (US$BN) as of December 31, 2017 22.7% 41.8% 7.8% 4.1% 13.0% 7.8 34.0% 31.2% 22.6% 7.1 20.4% 5.5 14.6% 5.3 4.5 4.2 4.0 ‘12-’17 3.5 3.7 ‘12-’17 3.3 CAGR: 24% CAGR: 17% 2.4 2.7 % of Assets 48% 50% 57% 6
Slide 27: Thank you
This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend
Slide 28: Balance sheet (US$)
Balance sheet CAGR US$ million (*) 2014 2015 2016 2017 2016 2017 %D 2014-2017 Cash 2,518 2,070 2,566 2,433 -1.13% 2,566 2,433 -5.19% Securities 3,395 6,030 6,171 7,695 31.36% 6,171 7,695 24.70% Loans 26,194 32,436 36,076 39,544 14.72% 36,076 39,544 9.61% Other Financial Instruments 164 429 495 361 2
Slide 29: Balance sheet (CLP)
Balance sheet CAGR CLP$ million (*) 2014 2015 2016 2017 2016 2017 %D 2014-2017 Cash 1,547,758 1,272,552 1,577,565 1,495,732 -1.13% 1,577,565 1,495,732 -5.19% Securities 2,086,992 3,706,721 3,793,351 4,730,198 31.36% 3,793,351 4,730,198 24.70% Loans 16,102,488 19,939,945 22,177,574 24,309,484 14.72%
Slide 30: Financial results (US$)
Financial results CAGR US$ million (*) 2014 2015 2016 2017 2016 2017 %D 2014-2017 Net Interest Income 1,249 1,302 1,472 1,521 6.77% 1,472 1,521 3.29% Net Service Fee Income 345 381 442 437 8.19% 442 437 -1.08% Operating Income 1,594 1,683 1,914 1,958 7.08% 1,914 1,958 2.28% Other Operating Income 23
Slide 31: Financial results (CLP)
Financial results CAGR CLP$ million (*) 2014 2015 2016 2017 2016 2017 %D 2014-2017 Net Interest Income 767,979 800,505 905,053 934,828 6.77% 905,053 934,828 3.29% Net Service Fee Income 212,213 234,270 271,629 268,706 8.19% 271,629 268,706 -1.08% Operating Income 980,192 1,034,775 1,176,682 1,203,53
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