VP Bank AG Class A · SIX:VPBN
VP Bank AG Class A — 5th Annual Swiss Equities Conference 2004
36 slides from VP Bank AG Class A's conference presentation, May 13, 2004
Slide 1: 5th Annual Swiss Equities Conference: Presentation by VP Bank Group
Fredy Vogt, CFO May 13, 2004 5th Annual Swiss Equities Conference May 12/13, 2004 Presentation by VP Bank Group
Slide 2: Presentation by VP Bank Group
Fredy Vogt, CFO May 13, 2004 Presentation by VP Bank Group
Slide 3: Contents
Contents • Introduction to the VP Bank Group • Strengthened, VP Bank heads into the future • VP Bank Group’s Vision and aims Investor Relations , May 13 2004/COM/Page 3
Slide 4: Additional information - Handout
Additional information - Handout • Information for Shareholders • Corporate Structure • Information on Board of Directors and Management • Comprehensive client advice Investor Relations , May 13 2004/COM/Page 4
Slide 5: Introduction to VP Bank Group
Introduction to VP Bank Group
Slide 6: Who we are
Who we are • One of Liechtenstein’s three largest banks • Clients from more than 50 countries with AuM of CHF 25.8 billion • 600 employees • Focus on wealth management Investor Relations , May 13 2004/COM/Page 6
Slide 7: History
History One of the three largest banks in Liechtenstein 1956 Founding of VP Bank in Vaduz, Founder Guido Feger 1974 Going public 1983 Listing on Swiss Stock Exchange 1988 Foundation of subsidiaries in Luxembourg, Zurich 1995 Foundation of a joint venture on British Virgin Islands (BVI) Investor Rela
Slide 8: Major shareholders
Major shareholders • Stiftung Fürstlicher Kommerzienrat Guido Feger • Martin Hilti Familien-Treuhänderschaft Investor Relations , May 13 2004/COM/Page 8
Slide 9: VP Bank Group
VP Bank Group • Subsidiaries in Zurich, Luxembourg, Tortola (BVI) • Six additional financial services companies • Clients from more than 50 countries, with assets under management totalling CHF 25.8 billion • Comprehensive, in-depth, international financial know-how Investor Relations , May 13 2004/
Slide 10: Employees & Hallmark
Employees & Hallmark • 600 employees • 450 at headquarters • 150 at branches/subsidiaries • Our hallmark – Open, flexible and people oriented corporate culture and management Investor Relations , May 13 2004/COM/Page 10
Slide 11: What we offer
What we offer • Comprehensive wealth management for private clients, combined with client-specific additional services • Trust Banking for intermediaries • Personal banking and corporate banking services that complement the headquarters’ activities in the home market Investor Relations , May 13 2004
Slide 12: Strengthened, VP Bank heads into the future
Fredy Vogt, CFO May 13, 2004 Strengthened, VP Bank heads into the future
Slide 13: Prepared for the future
Prepared for the future • Shareholder base stabilized • Results-oriented management information system introduced • Internal and external transparency enhanced • Cost controls strictly maintained • Marketing and investor relations activities expanded Investor Relations , May 13 2004/COM/Page 13
Slide 14: Profile 2003
Profile 2003 Investor Relations , May 13 2004/COM/Page 14
Slide 15: Operating income
Operating income Investor Relations , May 13 2004/COM/Page 15
Slide 16: Operating expense
Operating expense Investor Relations , May 13 2004/COM/Page 16
Slide 17: Depreciation and amortization
Depreciation and amortization Investor Relations , May 13 2004/COM/Page 17
Slide 18: Provisions
Provisions Investor Relations , May 13 2004/COM/Page 18
Slide 19: Consolidated net profit
Consolidated net profit Investor Relations , May 13 2004/COM/Page 19
Slide 20: Balance sheet total
Balance sheet total Investor Relations , May 13 2004/COM/Page 20
Slide 21: On-balance-sheet customer funds
On-balance-sheet customer funds Investor Relations , May 13 2004/COM/Page 21
Slide 22: Shareholders' equity
Shareholders‘ equity Investor Relations , May 13 2004/COM/Page 22
Slide 23: Stock market capitalization
Stock market capitalization Investor Relations , May 13 2004/COM/Page 23
Slide 24: Comparison to SPI Banks
Comparison to SPI Banks 1994 - 2004 4 00 3 50 3 00 2 50 2 00 1 50 1 00 50 1 99 4 1 99 5 1 99 6 1 99 7 1 99 8 1 99 9 2 00 0 2 00 1 2 00 2 2 00 3 VP Bank SPI Banken (angeglichen) Source: DATASTREAM Investor Relations , May 13 2004/COM/Page 24
Slide 25: Due from customers
Due from customers Investor Relations , May 13 2004/COM/Page 25
Slide 26: Client assets under management
Client assets under management Investor Relations , May 13 2004/COM/Page 26
Slide 27: Segment overview
Segment overview Private Trust Investment Corporate Clients Banking Management Center Group Net income before taxes 27.4 46.7 52.1 -26.9 99.3 mln. Assets under management 7.4 9.8 3.3 5.3 25.8 bln. Workforce (FTE) 72.6 102.6 127.7 240.1 543.0 Investor Relations , May 13 2004/COM/Page 27
Slide 28: Key figures 2003
Key figures 2003 2002 2003 Tier 1 ratio 20.2 % 14.3 % Cost/income ratio 65.8 % 47.3 % Return on equity 1.3 % 12.7 % Price earning ratio per bearer share 101.1 12.5 Consolidated net profit per bearer share 1.49 CHF 16.02 CHF Dividend per bearer share 1.50 CHF 5.00 CHF Investor Relations , May 13 2004
Slide 29: VP Bank Group's Vision and Aims
Adolf E. Real, CEO May 13, 2004 VP Bank Group’s Vision and Aims
Slide 30: Looks promising...
2004 Looks promising... ... ... but also presents new challenges Investor Relations , May 13 2004/COM/Page 30
Slide 31: Our job – private banking
Our job – private banking Investor Relations , May 13 2004/COM/Page 31
Slide 32: Target market: Germany
Target market: Germany • One of VP Bank‘s key target markets • Increasing potential (> 700,000 individuals with personal assets in excess of €1 million) • Number of millionaires continues to grow Investor Relations , May 13 2004/COM/Page 32
Slide 33: Business model: Germany onshore
Business model: Germany onshore Investor Relations , May 13 2004/COM/Page 33
Slide 34: Faith in the strength of VP Bank, and Liechtenstein as a financial center
Faith in the strength of VP Bank, and Liechtenstein as a financial center Investor Relations , May 13 2004/COM/Page 34
Slide 35: Our vision
Our vision We rank among the top private banks. Investor Relations , May 13 2004/COM/Page 35
Slide 36: Investor Relations , May 13 2004/COM/Page 36
Investor Relations , May 13 2004/COM/Page 36
VP Bank Group — 5th Annual Swiss Equities Conference 2004 on 6ix