Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — Q1 2018 Earnings Presentation
31 slides from Banco De Credito E Inversiones's earnings presentation, May 2018
Slide 1: Corporate Presentation First Quarter 2018
Corporate Presentation First Quarter 2018 Investor Relations Department | Email: Investor_Relations_Bci@Bci.cl May 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) 4.5 3.4 3.6 4.0 2.3 1.9 1.6 1.6 2014 2015 2016 2017 2018E 2019E -0.8 -1.5 -1.7 -4.2 2014 2015 2016 2017 2018E 2019E Private Consumption (% YoY growth) Inflation and Central Bank Monetary Policy Rate (TPM) (%) 4.7 4.3 3.2 3.5
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 (*) 3.5% 6.0% 250,962 246,945 138,967 140,431 135,980 140,118 236,570 238,028 131,074 219,867 5.4% 3.0% 2015 2016 2017 1Q2017 1Q2018 2015 2016 2017 1Q2017 1Q2018 Consumer Loans (*) Mortgage Loans
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 2018 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 Leyton (
Slide 9: Bci Highlights - Profitable and financially sound
Bci Highlights - Profitable and financially sound March’18 in US$ Million (*) Market Share Total Assets $ 57,652 Total Loans $ 42,388 15.91% Net Income $ 181 17.12% Market Capitalization $ 9,251 Tier I BIS ratio Capital Ratios 10.15% 13.32% Moody's S&P Fitch International Credit Ranking A1 A A ROAE*
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 15.44% 15.91% Bci Bci 14.75% Bank 1 16.36% Bank 1 Others Others 62.82% 64.21% 37.18% 16.17% Bank 2 35.79% Bank 2 17.64% Bank 3 Bank 3 16.46% 14.30% Non Interest Bearing Deposits (NIBD) Net Income 21.12% 17.12% 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 356 National commercial contact points (CCP) Presence in 6 countries NORTH Regions I to IV and XV 55 CCP CENTER Regions V, VI and RM 225 CCP SOUTH Regions VII to XII an
Slide 14: Loan portfolio
Loan portfolio Bci has outperformed the financial system during 2015-2018 (US$ Million) CNB BCI Total Loans Commercial & Interbank Loans 6.0% 3.5% 10.3% 13.0% 9.1% 42,388 26,456 12.7% 27,473 40,953 24,699 37,368 37,496 24,371 33,651 7,349 7,583 22,218 6,171 6,315 5,985 6,159 4,803 4,988 4,787 3,646
Slide 15: Loan portfolio
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% 30.09% 25.11% 25.43% 20.34
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) 3.01% 3.04% 2.98%
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 1.93% 2.00% 1.98% 1.86% 1.85% 1.90% 1.70% 1.75% 1.47% 1.46% 1.74% 1.64% 1.48% 1.42% 1.40% 1.40% 1.47% 1.42% 1.49% 1.46% 2015 2016 2017 1Q 2017 1Q 2018 2015
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) 8.8% 7.2% 8.8% 15,504 15,801 13,337 13,580 14,063 Non Interest Bearing Deposits 7.2% 16,503 17,720 16,235 18,804 15,416 Time Deposits 2015 2016 2017 1Q 2017 1Q 2018 Breakdown by type Fund
Slide 19: Profitability
Profitability NIM (*) (Net Interest Margin/ Average Interest Earning Assets) 4.00% 3.61% 3.62% 3.68% 3.69% 3.93% 3.59% 3.36% 3.39% 3.22% 2015 2016 2017 1Q 2017 1Q 2018 Bci Banking Sector Efficiency ratio (**) Fee income ratio (Net Fees/ Net Fees + Net Interest Margin) 23.08% 24. 00% 22.64% 22.33% 22
Slide 20: Profitability
Profitability Sustained and profitable growth Net Income and Market Share (US$ Million) 5.96% 700 616 30.00% 548 564 600 22.6% 25.00% 500 17.1% 20.00% 400 Net Income 17.3% 15.00% Market Share 300 16.6% 233 15.0% 181 10.00% -22.3% 200 100 5.00% 0 .00% 2015 2016 2017 1Q 2017 1Q 2018 ROAA (*) ROAE (*)
Slide 21: Capitalization
Capitalization Bci capitalization well above regulatory requirements 13.41% 13.20% 13.42% 13.32% 11.98% Regulatory Capital / Consolidated Risk weighted assets Basic Capital / Total Assets 7.55% 7.55% 7.68% 7.49% Required by Sbif (8%) 6.32% Required by Sbif (3%) 2015 2016 2017 1Q 2017 1Q 2018 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 2,665 540 0 3,205 Securities 5,242 2,133 0 7,375 Loans and receivables net (**) 34,168 7,536 0 41,704 Other Financial Instruments 1,204 19 -950 274 Fixed Assets 367 75 0 442
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 319 73 392 Net Service Fee Income 108 5 114 Operating Income 427 78 505 Other Operating Income 106 6 112 Provision for loan losses -89 -7 -96 Operating Income,
Slide 25: Financial Highlights
Financial Highlights* • Total Assets increased by $2.3 BN to $10.8 BN (27% increase vs. Mar 2017) • New Loan Commitments of $761M ( 698 MM CNB + 63 MM CNCF) (33% increase vs. Mar 2017) Balance Sheet • Total Net Loans & Leases increased by $1.9 BN to $7.4 BN (34% increase vs. Mar 2017) 2018 • Investm
Slide 26: Financial Highlights: Sustained and Stable Growth
Financial Highlights: Sustained and Stable Growth Net Loans (US$BN) as of March 31, 2018 Deposits (US$BN) as of March 31, 2018 40% 36% 33% 34% 24% 32% 8% 22% 7.4 13% 8.3 20% 7.1 4% 7.8 14% 5.3 5.6 6.0 5.6 4.0 ‘13-’17 4.2 4.5 ‘13-’17 3.3 CAGR: 27% 3.7 CAGR: 21% 2.7 % of 50% 57% 62% 65% 69% 65% 69% As
Slide 27: Thank you.
This presentation contains forward-looking statements in various places throughout therein, related to, without limitation, our future business development. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend
Slide 28: Balance sheet
Balance sheet US$ million (*) 2015 2016 2017 CAGR 1Q 2017 1Q 2018 %D 2015-2017 Cash 2,109 2,615 2,479 8.41% 2,235 3,205 43.40% Securities 6,143 6,287 7,839 12.97% 6,407 7,375 15.11% Loans 33,047 36,755 40,288 10.41% 36,854 41,704 13.16% Other Financial Instruments 437 505 368 -8.22% 639 274 -57.11%
Slide 29: Balance sheet
Balance sheet CLP$ million (*) 2015 2016 2017 CAGR 1Q 2017 1Q 2018 %D 2015-2017 Cash 1,272,552 1,577,565 1,495,732 8.41% 1,348,673 1,933,971 43.40% Securities 3,706,721 3,793,351 4,730,198 12.97% 3,865,946 4,449,920 15.11% Loans 19,939,945 22,177,574 24,309,484 10.41% 22,237,493 25,163,858 13.16% Ot
Slide 30: Financial results
Financial results CAGR US$ million (*) 2015 2016 2017 1Q 2017 1Q 2018 %D 2015-2017 Net Interest Income 1,327 1,500 1,549 10.33% 367 392 6.85% Net Service Fee Income 388 450 445 12.53% 103 114 10.08% Operating Income 1,715 1,950 1,995 10.81% 470 505 7.56% Other Operating Income 227 180 294 11.62% 93
Slide 31: Financial results
Financial results CAGR CLP$ million (*) 2015 2016 2017 1Q 2017 1Q 2018 %D 2015-2017 Net Interest Income 800,505 905,053 934,828 10.33% 221,146 236,288 6.85% Net Service Fee Income 234,270 271,629 268,706 12.53% 62,256 68,531 10.08% Operating Income 1,034,775 1,176,682 1,203,534 10.81% 283,402 304,81
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