Banca Ifis S.p.a. · MIL:IF
Banca Ifis — FY2015 Earnings Presentation
14 slides from Banca Ifis's earnings presentation, 2016
Slide 1: Banca IFIS 2015 Financial Results
BANCA IFIS 2015 Financial Results TRADE Chairman RECEIVABLES and CEO Evoluti M / wien
Slide 2: Highlights
HIGHLIGHTS FY 14 FY15 Change FY14 FY15 Change Net Banking Net Loans to Income 284 408 +44% Customers 2.8 3.4 +22 % (Eu mn) (Eu bn) Net Result from 250 374 +50% AFS+HTM 5.1 3.2 -36% Financial (Eu bn) Operations (Eu mn) Total Funds Net Profit 96 162 +69% 7.7 6.1 -21% (Eu mn) and Deposits (Eu bn) Total
Slide 3: A strong and diversified business model
A STRONG AND DIVERSIFIED BUSINESS MODEL B2B Trade finance with focus on SMEs NBI 2015 & micro companies and Public Administration 4487 customers as of Dec 31,2015 39% DRL 42% Investment in retail Unsecured Distressed Loans portfolios Over 850.000 debtors/ individuals 14% 5% Tax receivables Purchase
Slide 4: Net banking income (Eu mn) breakdown by segment
NET BANKING INCOME (EU MN) BREAKDOWN BY SEGMENT 450 408 FY2015 DRL results affected by non- 400 recurring operations for a total of 6.5 Mn Eu 350 CAGR 27.5% 284 300 264 245 250 200 121 150 100 50 0 2011 2012 2013 2014 2015 Trade Finance DRL Tax receivables G&S 4
Slide 5: Group's historical core business: trade receivables financing
GROUP’S HISTORICAL CORE BUSINESS: TRADE RECEIVABLES FINANCING B2B segment Public Administration / Pharma segment Target Small or micro companies with medium to low • Large pharma companies working for NHS credit standing • New: Multi-utilities working for PA-Local Authorities Customer base 4.487 SME
Slide 6: Group's historical core business: trade receivables financing results
GROUP’S HISTORICAL CORE BUSINESS: TRADE RECEIVABLES FINANCING Results FY 14 FY 15 % Change Turnover Bn Eu 8.3 10.1 +21.8% NBI Mn Eu 156 159 +2.0% NBI/ Average Loans 6.3% 5.6% Provisions Mn Eu 33 21 -35.6% Net Result from Financial Operations Mn Eu 122 137 +12.1% Loans Bn Eu 2.4 2.8 +16.0% NPL/Loans
Slide 7: A leading position in the retail unsecured distressed loans segment in Italy
A LEADING POSITION IN THE RETAIL UNSECURED DISTRESSED LOANS SEGMENT IN ITALY Target Invest in Italian retail unsecured distressed loans Customer base Over 850.000 debtors. Over 1.0 mln positions Sizeable owned portfolio integrated within a unique platform that drives our Competitive advantage projec
Slide 8: Market leader in Italy in the tax receivables segment
MARKET LEADER IN ITALY IN THE TAX RECEIVABLES SEGMENT Target Purchase of tax receivables arising mainly from insolvency proceedings Customer base Bankruptcy courts in all domestic market Competitive advantage Integrated collection platform that drives our projected growing collection rate Tax receiv
Slide 9: Net profit breakdown (Eu mn)
NET PROFIT BREAKDOWN (EU MN) 408 34 Group KPIs 128 2014 2015 FY data Credit quality 173 bp 90 bp cost Tr. Rec. 84 Tax rate 33,9% 34% 162 NBI Provisions Operating costs Taxes Net profit 12 Mn Eu non recurring costs 9
Slide 10: Balance sheet: strong balance sheet
BALANCE SHEET Over the last years Banca IFIS improved significantly Strong balance sheet its Capital Ratios and credit quality Fiscal year end FY14 FY15 16,00% 20,0% Loans to banks 275 95 Mn 14,00% 18,0% 16,0% Loans to 2.8 3.4 12,00% customers Bn Deteriotated assets/ Loans 14,0% 10,00% 12,0% Net sec
Slide 11: Balance sheet: a diversified funding model
BALANCE SHEET: A DIVERSIFIED FUNDING MODEL Success retail funding for the new launch 3-4-5 yrs Rendimax Strong balance sheet formulas Fiscal year end FY14 FY15 Funding Breakdown Eu Mn FY14 FY15 % change Eu Loans to banks 275 95 Mn Retail funding rendimax& contomax 3314 3113 -6.1% Loans to 2.8 3.4 cu
Slide 12: Balance sheet: a focus on the debt securities portfolio
BALANCE SHEET: A FOCUS ON THE DEBT SECURITIES PORTFOLIO Eu Mn Nominal Value - Maturity Total amount % on total amount From January to December 2016 759 23.6% From January to December 2017 270 8.4% From January to December 2018 1322 41.0% From January to December 2019 675 20.9% From January to Decemb
Slide 13: Data per share
DATA PER SHARE Fiscal Year end FY14 FY15 Total shares Mn 54 54 EPS stated 1.81 3.05 BVPS 8.27 10.81 Dividend per share 0.66 0.76 hypothesis Dividend payout ratio % 36.40 24.90 Share price as of 2015,31/12 28.83 Eu 13
Slide 14: Forward-looking statements disclaimer
This Presentation may contain written and oral “forward-looking statements”, which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on a number of assumptions, expectations, projections