Vtb · RUS:VTBR
Vtb — Q1 2012 Earnings Presentation
17 slides from Vtb's earnings presentation, Jul 5, 2012
Slide 1: VTB Group 1Q'2012 Results
VTB Group 1Q’2012 Results Herbert Moos CFO, Deputy Chairman of the Management Board Jyrki Talvitie SVP, Head of Financial Institutions and Investor Relations July 05,12012 © VTB 2011
Slide 2: Forward-looking statements disclaimer
Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of JSC VTB Bank ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous as
Slide 3: VTB Group 1Q'2012 Financial Highlights
VTB Group 1Q’2012 Financial Highlights ■ Net profit at RUB 23.3 bn with annualised ROE of 15% and EPS of RUB 0.0022 ■ Solid underlying performance demonstrated across all major business lines – CIB and Retail Banking post an operating income before provisions of RUB 59.6 bn (+13% y-o-y) and RUB 34.2
Slide 4: Performance of Corporate and Investment Banking
Performance of Corporate and Investment Banking Corporate Loan Portfolio Corporate Liabilities Term deposits Current accounts +47% +35% -2% -12% 3,666 3,766 3,690 2,472 2,435 2,143 2,508 2,668 1,772 597 649 1,592 740 540 508 (RUB bn) (RUB bn) 1,875 1,786 1,232 1,403 1,084 31-Mar-11 30-Jun-11 30-Sep-
Slide 5: Performance of Corporate and Investment Banking
Performance of Corporate and Investment Banking Investment Banking – Key Developments in 1Q’12 GTB – Key Developments in 1Q’12 Global Banking GTB net fee and commission income ■ DCM: 23 transactions closed. Key deals – 3 tranche ECP for Alrosa (USD 1.3 bn), Russian Federation sovereign Eurobond issu
Slide 6: Performance of Corporate and Investment Banking – Financial Result
Performance of Corporate and Investment Banking – Financial Result Operating Income Before Provisions Profit Before Taxation 1Q’2011 1Q’2012 1Q’2011 1Q’2012 +9% +46% +13% +146% 59.6 59.6 52.7 52.7 47.1 45.8 (5.6) (13.8) 30.9 30.1 27.9 20.7 22.6 (20.1) (RUB bn) (RUB bn) 14.2 (23.2) 4.7 5.1 2.9 3.7 Ne
Slide 7: Retail Banking – Steady Growth; Stable Yield
Retail Banking – Steady Growth; Stable Yield Retail Loan Portfolio Retail Deposits Average Yield and Cost of Funds Mortgage loans Car loans Consumer loans Term deposits Current accounts & other +55% +52% +5% +2% 824 861 1,161 1,190 763 1,079 255 242 609 862 198 555 439 470 781 412 160 138 329 289 76
Slide 8: Retail Banking Performance – Financial Result
Retail Banking Performance – Financial Result Operating Income Before Provisions Profit Before Taxation 1Q’2011 1Q’2012 1Q’2011 1Q’2012 +58% +66% +62% +214% 34.2 34.2 27.6 26.0 21.1 21.1 (6.6) 19.0 16.5 (2.1) 10.9 (RUB bn) (RUB bn) 6.3 (16.7) 7.4 3.8 (11.6) 0.8 1.9 Net interest Net fee and Other ope
Slide 9: Financial Update
Financial Update — SVB
Slide 10: Solid Operating Income; NIM under Pressure
Solid Operating Income; NIM under Pressure Operating Income Net Interest Margin (1) and Spread +31% 10.1% 95.4 8.9% 9.0% 9.0% 9.0% 80.1 76.7 72.9 56.9 9.0% (2) 4.6% 3.9% 12.1 10.3 5.1% 9.9 9.2 54.0 8.0 4.4% 4.4% 4.3% 4.2% 46.0 49.1 54.0 77.9 (RUB bn) 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 22.9 Average yield
Slide 11: Staff and Administrative Expenses – Costs Remain under Control
Staff and Administrative Expenses – Costs Remain under Control Staff and Administrative Expenses Number of Employees +30% 67,912 69,403 66.1% 65,685 10,085 10,171 54,606 10,215 980 44.5% 53,311 941 45.3% 42.8% 41.3% 900 8,017 8,338 727 809 54,570 56,800 58,338 50.7 42.5 33.0 34.3 BoM 24.3 7.2 44,567
Slide 12: Asset Quality – More Conservative Countercyclical Provisioning Policy Adopted
Asset Quality – More Conservative Countercyclical Provisioning Policy Adopted Сost of risk up 60 bps y-o-y to 1.7% … … loan loss reserves up 30 bps YTD … 1.7% 1.1% 1.2% 0.9% 8.9% 8.6% 0.5% 20.4 6.6% 6.3% 6.6% 9.6 (RUB bn) 7.7 8.0 6.3 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 31-Mar-11 30-Jun-11 30-Sep-11 31-Dec
Slide 13: Healthy Balance Sheet Structure
Healthy Balance Sheet Structure Assets Structure Customer Loans / Customer Deposits 6,790 6,337 6,451 Cash and mandatory 7% reserves 6% 6% 14% 12% 4,720 13% Securities 124.1% (3) 4,448 6% 6% 6% portfolio (1) 119.6% 117.6% 116.6% 6% 113.7% 6% 13% 10% Due from other 9% 6% banks 65% 63% 66% Loans to cu
Slide 14: BoM and TCB – Proven Value Accretion
BoM and TCB – Proven Value Accretion Profile One of the core subsidiaries servicing some of the Meets all KPIs in terms of growth and profitability Group's target client segments High asset quality (NPL ratio at 2.4%) Sufficiently capitalised – all capital adequacy indicators Actively inte
Slide 15: Appendix
Appendix SS SVB
Slide 16: VTB Group Public Debt Instruments
VTB Group Public Debt Instruments VTB Group Public Debt Instruments Outstanding (1) VTB Group Public Debt Instruments Outstanding Equivalent Maturity Equivalent Maturity Borrower amount Instrument Date/Put or Coupon Borrower amount Instrument Date/Put or Coupon (USD, mn) Call Option (USD, mln) Call
Slide 17: VTB Group International Public Debt Instruments Issued in 2011-2012
VTB Group International Public Debt Instruments Issued in 2011-2012 Coupon / Borrower Date of issue Amount (mn) Instrument Maturity date rate VTB February 2011 USD 750 Series 12 EMTN 2 February 2018 6.315% VTB June 2011 SGD 300 Series 13 EMTN 2 June 2014 3.4% VTB July 2011 USD 3,130 Syndicated loan