Banca Transilvania SA · BVB:TLV
Banca Transilvania SA — FY2019 Earnings Presentation
23 slides from Banca Transilvania SA's earnings presentation, Feb 27, 2020
Slide 1: BANCA TRANSILVANIA 2019 preliminary financial results
BANCA TRANSILVANIA 2019 preliminary financial results February 27th, 2020 Clasificare BT: Uz Intern
Slide 2: Disclaimer
|1 Disclaimer The information contained in the present document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of this information or opinions contained
Slide 3: BT: 2019 by the numbers
|2 EOY 2018 EOY 2019 BT: 2019 by the numbers Stand-alone 10 00 0% 90 00 % 80 00 % total assets (RONbn) 70 00 % Larger Balance Sheet due to strong organic growth 60 00 % 87 18.0% 50 00 % 40 00 % 30 00 % 20 00 % 74 10 00 % 0% 10 0% 90 % CAR Solid capital base, with good overall financial ratios 80 %
Slide 4: Banking sector dynamics: assets
|3 assets total banking net assets Banking sector dynamics 500 Average assets (YoY) (rhs) 10% Average assets (RON, bn) 400 8% Banking assets at record high levels in 2019 300 6% • Total banking assets up by 4.7% QoQ and 9.8% YoY to RON 200 4% 495.3bn in 4Q2019 (EUR 103.6bn) (a record high level), 10
Slide 5: Banking sector dynamics: loans
|4 loans (YoY) Banking sector dynamics 25% 20% Loans up by 7.6% YoY on average in 2019, the best 15% dynamics since 2009 10% 5% 0% • The RON denominated loans rose by 10.5% YoY in 2019, Dec-12 Dec-11 Dec-13 Dec-14 Dec-16 Dec-17 Dec-19 Dec-15 Dec-18 Jun-15 Jun-11 Jun-12 Jun-13 Jun-14 Jun-16 Jun-19 Ju
Slide 6: Banking sector dynamics: deposits
|5 deposits 25% (YoY) Banking sector dynamics Household Corporate Total 20% 15% Deposits up by 9.5% YoY on average in 2019, the 10% slowest pace since 2015 5% 0% • The RON and FX denominated non-government deposits RON loans FCY loans -5% rose by 7% YoY and 14.2% YoY on average past year Dec-13 Dec-
Slide 7: Macro developments: real economy
|6 real economy nominal GDP vs. growth pace Macro developments 250 8 6 200 4 The growth pace accelerated to 4.3% YoY in 4Q 150 2 2019, due to the expansionary policy-mix 0 100 -2 However, the Romanian GDP grew by 4.1% YoY in 50 Nominal GDP (EUR, bn) -4 2019, the slowest pace since 2015 -6 Real GDP (
Slide 8: Macro developments: real economy
|7 real economy Macro developments gross fixed capital formation/GDP ratio 30% Euro Area Romania 25% The fixed investments rose in 2019 by the highest 20% pace since 2008, but during the past decade the 15% growth pace was sluggish 10% 5% 0% • 2019 was the year of the fixed investments - the best dy
Slide 9: Macro developments: financial economy
|8 financial economy consumer prices (%, YoY) Macro developments 8 6 The YoY dynamics of CPI decelerated to 3.8% in 2019 4 and 3.6% in Jan 2020 2 NBR signaled the consolidation of the policy rate Overall positive climate on financial markets, in line 0 with the international developments Jul-15 Jul-
Slide 10: BT performance in 2019
|9 BT performance in 2019 INDIVIDUAL CONSOLIDATED profitability 2019 2018 2019 2018 Net interest income*, RONmn 2,670.0 2,477.9 7.8% 3,058.6 2,749.5 11.2% Net fee and commission income*, RONmn 727.8 694.7 4.8% 835.5 777.7 7.4% Operating expenses, RONmn (1,899.4) (1,792.6) 6.0% (2,190.9) (2,034.3) 7.
Slide 11: Trends in income structure
| 10 Trends in income structure RONmn +7.8% +18.3% 2,670 2,478 2,132 +4.8% 1,801 +20.9% 2018 2019 695 728 263 319 +6.0% Net interest Net fee & Net trading Operating income* commission income expenses income* Pre-provision operating profit -1,793 -1,899 *Difference against the preliminary financial s
Slide 12: Loan structure
| 11 Loan structure loans to households Dec/19 Dec/18 RON 21.2bn 8% Dec/19 RON 23.0bn loans to companies Dec/19 Dec/18 RON 17.6bn 3% Dec/19 RON 18.2bn * SMEs identified according to internal classification rules Clasificare BT: Uz Intern 2019 by the numbers Banking sector dynamics Macro developm
Slide 13: Loan quality
| 12 Loan quality NPL (PAR90) ratio stable at 2.79% NPL coverage ratio 133% 127% 127% 128% 119% 117% 46% 40% 49% 57% 47% • Banca Transilvania continued to provide a sound 43% coverage ratio for its PAR 90 portfolio 81% 79% 74% 78% 76% 80% • NPL coverage, including collaterals, at a comfortable 128%
Slide 14: Deposit structure
| 13 Deposit structure deposits from households Dec/19 Dec/18 RON 41.7bn 22% Dec/19 RON 50.9bn deposits from companies Dec/19 Dec/18 RON 20.8bn 12% Dec/19 RON 23.5bn * SMEs identified according to internal classification rules Clasificare BT: Uz Intern 2019 by the numbers Banking sector dynamics
Slide 15: Business lines / Retail banking
| 14 Business lines/ Retail banking Retail loan portfolio reached RON 23.0bn at the Retail loans, RONbn end of 2019 23.0 21.2 2.9 • ~2,932,000 active clients 16.7 15.1 13.6 • ~112,000 non-card retail loans disbursed in 2019 3.3 18.3 7.5 • ~4,1 mn active cards – with a market share of about 10.3 23%
Slide 16: Business lines / SME banking
| 15 Business lines/ SME banking SME (internal definition) loan portfolio at RON SME loans, RONbn 5.5bn 5.5 5.0 4.3 0.3 • ~317,000 active clients 3.2 3.1 2.6 0.3 • Banca Transilvania continued to support the SME 4.7 business sector, granting ~5,800 new loans in Q4 2019 and over 21,000 throughout the
Slide 17: Business lines / Corporate banking
| 16 Business lines/ Corporate banking Corporate loan portfolio remains stable around Corporate loans, RONbn RON 12.7bn 12.6 12.7 1.6 11.0 11.1 10.7 • ~10,500 active clients 10.0 0.9 • Sectorial specialization is a major focus 11.0 10.1 • Banca Transilvania is present with lending facilities especia
Slide 18: Banca Transilvania Financial Group as of 31/Dec/2019
| 17 Banca Transilvania Financial Group as of 31/Dec/2019 total assets RON 87.4bn BANCA TRANSILVANIA ® total assets RON 475mn total assets RON 1,170mn AUM RON 4,138mn total assets RON 172mn total assets RON 510mn total assets RON 3,642mn * Figures for subsidiaries assessed under RAS rules; Clasifica
Slide 19: ANNEX1 income statement, IFRS individual
| 18 ANNEX1 income statement, IFRS individual RONmn 2019 2018 Net interest income* 2,670.0 2,477.9 7.8% Net fee and commission income* 727.8 694.7 4.8% Net trading income 318.5 263.4 20.9% Other net income 315.0 158.0 99.4% Operating income 4,031.3 3,594.0 12.2% Personnel expenses (899.1) (966.0) -6
Slide 20: ANNEX1 balance sheet, IFRS individual
| 19 ANNEX1 balance sheet, IFRS individual RONmn Dec/19 Dec/18 Cash & cash equivalents 13,480.2 9,083.5 48.4% Placements with banks 6,995.3 4,000.4 74.9% Loans to customers, net 38,601.9 36,356.0 6.2% T-bills & securities 25,985.6 22,420.3 15.9% Fixed assets 777.4 736.2 5.6% Right-of-use assets 366.
Slide 21: ANNEX2 income statement, IFRS consolidated
| 20 ANNEX2 income statement, IFRS consolidated RONmn 2019 2018 Net interest income* 3,058.6 2,749.5 11.2% Net fee and commission income* 835.5 777.7 7.4% Net trading income 410.6 252.2 62.8% Other net income 310.3 166.0 86.9% Operating income 4,615.0 3,945.5 17.0% Personnel expenses (1,038.3) (1,06
Slide 22: ANNEX2 balance sheet, IFRS consolidated
| 21 ANNEX2 balance sheet, IFRS consolidated RONmn Dec/19 Dec/18 Cash & cash equivalents 14,583.1 10,322.1 41.3% Placements with banks 7,774.3 4,650.1 67.2% Loans to customers, net 40,353.8 37,817.1 6.7% T-bills & securities 26,781.7 23,126.8 15.8% Fixed assets 962.5 877.1 9.7% Right-of-use assets 3
Slide 23: Banca Transilvania HQ
| 22 Banca Transilvania HQ 8, G. Baritiu Street, Cluj-Napoca 400027, Romania + 40 264 407 150 + 40 264 407 179 /FAX investor.relations@btrl.ro www.bancatransilvania.ro/en/investor-relations www.bancatransilvania.ro www.bt24.ro facebook.com/BancaTransilvania # twitter.com/b_Transilvania linkedin.com/