Banco De Credito E Inversiones · BCS:BCI
Banco De Credito E Inversiones — FY2015 Earnings Presentation
31 slides from Banco De Credito E Inversiones's earnings presentation, March 2016
Slide 1: Corporate Presentation 2015
Corporate Presentation 2015 March 2016
Slide 2: Contents
CONTENTS Main Macroeconomic Indicator Chilean Financial System Banco de Crédito e Inversiones
Slide 3: Main Macroeconomic Indicators
Main Macroeconomic Indicators GDP (% YoY growth) Investment (% YoY growth) 5,4 4,1 12,2 1,9 2,0 1,6 0,4 0,8 2012 2013 2014 2015 E 2016 E 2012 2013 2014 2015 E 2016 E -1,3 -6,9 Private Consumption (% YoY growth) Inflation and Central Bank Monetary Policy Rate (TPM) (%) 6,0 5,6 5,0 4,5 4,9 4,4 3.75 3,
Slide 4: Chilean Macroeconomic Indicators
CHILEAN MACROECONOMIC INDICATORS STRICTPLY PRIVATE & CONFIDENTIAL
Slide 5: Financial System
Financial System Strong Growth Over the Years (US$ Millions) Total Loans (*) Corporate & Interbank Loans (*) 9.9% 7.7% 8.3% 4.8% 186.810 105.370 110.465 172.483 88.408 96.380 155.248 140.829 2012 2013 2014 2015 2012 2013 2014 2015 Consumer Loans (*) Mortgage Loans (*) 11.5% 14.4% 11,2% 15,0% 25.072
Slide 6: Banco de Crédito e Inversiones
BANCO DE CRÉDITO E INVERSIONES
Slide 7: Shareholders and Corporate Governance
Shareholders and Corporate Governance Shareholder Structure as of December 2015 Since Luis Enrique Yarur Rey (President) 1991 Shareholder Juan Manuel Casanueva Préndez 2007 Float Dionisio Romero Paoletti 2010 Agreement 30.4% 63.2% Board of Francisco Rosende Ramírez (I) 2010 Directors José Pablo Arel
Slide 8: Bci Highlights - Profitable and Financially sound
Bci Highlights - Profitable and Financially sound December 2015 In US$ Millions (*) Market Share Total Assets $40,515 Total Loans $28,591 14.15% Net Income (LTM) $466 15.13% Market Capitalization $4,171 Tier I BIS ratio Capital Ratios 8.5% 12.0% Moody’s S&P Fitch International Credit Rating A1 A A-
Slide 9: Corporate Strategy
Corporate Strategy Strategic Priorities 1 2 3 Consistent Profitability Customer – Focused Enhance Leadership and with Increased Experience and Digital Colaboration throughout Productivity Transformation the Organisation
Slide 10: Corporate Strategy
Corporate Strategy 1 1 Digital tranformation to achieve higher efficiency and to encourage flexibility and iteration in processes to simplify the operation Consistent Profitability Consolidate risk culture and best-in-class practice and Growth with Continue to strenghten our capital position to supp
Slide 11: Our Recognition is Result of Our Work in Our Strategic Pillars
Our Recognition is Result of Our Work in Our Strategic Pillars Banking Awards Customer Experience Innovation and digital banking Corporate Governance and Sustainability
Slide 12: Market Shares
Market Shares 3rd Largest Privately Owned Bank in Chile Total Assets Total Loans 14,13% 14,15% Bci Bci 15,37% 17,39% Others Bank 1 Others Bank 1 62,5% 62,8% 37.5% 17,02% Bank 2 37.2% Bank 2 17,63% Bank 3 Bank 3 15,99% 13,63% Non Interest Bearing Deposits (NIBD) Net Income 19,14% 15.13% Bci Bci Other
Slide 13: National and International Presence
National and International Presence Tactical International Coverage Combined with one of the Largest National Distribution Channels 361 National Commercial Contact Points (CCP) Presence in 6 countries NORTH Regions I to IV and XV 55 CCP CENTER Regions V, VI and RM 229 CCP SOUTH Regions VII to XII an
Slide 14: Loan Portfolio
Loan Portfolio Bci has Outperformed the Financial System during 2012-2015 (US$ Millions) Total Loans Corporate & Interbank Loans 7.7% 9.9% 15,6% 28.591 14.0% 18.878 22.674 26.1% 20.310 14.006 15.208 24,1% 18.497 12.742 2012 2013 2014 2015 2012 2013 2014 2015 Consolidated Bci Bci Excluding CNB Consol
Slide 15: Loan Portfolio
Loan Portfolio Well-diversified and Balanced Loan Portfolio Bci Commercial CIB Commercial CIB Finance Retail Banking SMEs Division Division Banking Individuals Revenues < UF Revenues > UF 80.000 Corporate and Private 80.000 (up to US$ 58.6 Banking (up to US$ 3.1 million*) million*) Loans by Segment
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) 2,93% 2,9
Slide 17: Risk Indicators
Risk Indicators Conservative Risk Management Policies NPL Ratio (NPLs/Total Client Loans) * NPL Ratio (Commercial Loans) * 2,57% 2,52% 2,20% 2,38% 2,24% 1,88% 1,95% 2,13% 1,68% 1,72% 2,06% 1,51% 1,47% 1,47% 2,10% 1,50% 2012 2013 2014 2015 2012 2013 2014 2015 Bci Financial System Bci Financial System
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) 30.5% 8.8% 11.332 6.467 Non Interest Bearing 5.095 5.521 Deposits 10.853 11.587 13.098 Time Deposits 10.170 2012 2013 2014 2015 Local Funding International Funding Amount placed Type of A
Slide 19: Profitability
Profitability Bci has outperformed the Financial System during 2012-2015 NIM (*) Fee income ratio (Net Interest Margin/ Average Interest Earning Assets) (Net Fees/ Net Fees + Net Interest Margin) 30, 00% 24,17% 23,12% 22,64% 4,49% 25, 00% 21,65% 4,21% 4,14% 4,00% 20, 00% 22,74% 4,31% 20,95% 19,65% 3
Slide 20: Profitability
Profitability Sustained and Profitable Growth Net Income and Market Share ( *) (US$ Million) 6,84% 600 20,0% 483 466 500 423 18,0% 400 382 16,0% Net Income 300 16,70% 16,17% 14,0% Market Share 200 14,49% 15.13% 100 12,0% 0 10,0% 2012 2013 2014 2015 ROAA (**) ROAE (**) 20,6% 20,2% 20,7% 1,61% 1,61% 1
Slide 21: Capitalization
Capitalization Bci Capitalization Well Above Regulatory Requirements 13,60% 13,44% 13,78% Regulatory Capital / Consolidated 12,00% Risk weighted assets Basic Capital / Total Assets 7,04% 7,14% 7,19% 6,30% Required by Sbif (8%) Required by Sbif (3%) 2012 2013 2014 2015 Bis Ratio 13,60% 13.45% 13,78%
Slide 22: City National Bank of Florida
City National Bank of Florida
Slide 23: City National Bank of Florida at a glance
City National Bank of Florida at a glance Summary CNB operates in the ideal place to develop Bci’s strategy Year Established 1946 Total Assets US$6.4 Billion Net Income US$ 47MM Branches 26 Number of employees 478 5th largest in Florida and 3rd in Miami MSA. CNB focuses on: Small and mid-sized compa
Slide 24: Simulation of Bci stand alone and CNB
Simulation of Bci stand alone and CNB CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Cash 1,665 127 - 1,792 Securities 3,502 1,717 - 5,220 Loans and receivables net (**) 24,051 4,027 - 28,078 Other Financial Instruments 979 75 (814) 240 Fixed Assets 321 77 - 398 Other Assets 4,346 115 - 4,
Slide 25: Simulation of Bci stand alone and CNB
Simulation of Bci stand alone and CNB CMF US$ million (*) Bci Adjust Consolidated Owner CNB(¹) Net Interest Income 1,091 36 1,127 Net Service Fee Income 327 3 330 Operating Income 1,418 39 1,457 Other Operating Income 171 3 174 Provision for loan losses (265) (1) (266) Operating Income, net of loan
Slide 26: Bci Continues to Generate Value for Its Shareholders
Bci Continues to Generate Value for Its Shareholders through Profitable and Healthy Growth Loans • Strong Loan growth of 26.1% YoY. Includes City National Bank of Florida NIM • NIM of 4.0%. Better than the financial system (3.93%) Credit Risk • NPL of 1.5%. Better than the financial system (1.88%) •
Slide 27: Thank You
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”, “pla
Slide 28: Balance Sheet
Balance Sheet US$ million (*) 2012 2013 2014 2015 YOY CAGR 12-15 Cash 2,055 1,777 2,179 1,792 (17.8%) (4.5%) Securities 2,809 2,784 2,939 5,220 77.6% 22.9% Loans 18,497 20,459 22,674 28,591 26.1% 15.6% Other Financial Instruments 98 113 142 240 68.3% 34.9% Fixed Assets 289 328 325 398 22.4% 11.3% Ot
Slide 29: Balance Sheet
Balance Sheet CAGR CLP$ million (*) 2012 2013 2014 2015 YOY 12-15 Cash 1,459,619 1,261,766 1,547,758 1,272,552 (17.8%) (4.5%) Securities 1,994,900 1,976,887 2,086,992 3,706,721 77.6% 22.9% Loans 13,135,803 14,529,469 16,102,488 20,304,397 26.1% 15.6% Other Financial Instruments 69,278 80,093 101,086
Slide 30: Financial Results
Financial Results US$ million (*) 2012 2013 2014 2015 YOY CAGR 12-15 Net Interest Income 838 914 1,081 1,127 4.2% 10.4% Net Service Fee Income 267 275 299 330 10.4% 7.3% Operating Income 1,105 1,189 1,380 1,457 5.6% 9.7% Other Operating Income 178 217 200 193 (3.7%) 2.7% Provision for loan losses (1
Slide 31: Financial Results
Financial Results CLP$ million (*) 2012 2013 2014 2015 YOY CAGR 12-15 Net Interest Income 595,183 649,025 767,979 800,505 4.2% 10.4% Net Service Fee Income 189,694 195,215 212,213 234,270 10.4% 7.3% Operating Income 784,877 844,240 980,192 1,034,775 5.6% 9.7% Other Operating Income 126,542 154,152 1
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