Stanbic Ibtc Holdings Plc · NSENG:STANBIC
Stanbic Ibtc — Stanbic IBTC Bank — 9M 2012 Earnings Presentation
34 slides from Stanbic Ibtc's earnings presentation, 2012
Slide 1: Financial results presentation
2012 Financial results presentation For the nine months ended 30 September 2012
Slide 2: Contents
Contents The operating environment Financial analysis Business unit analysis Update on corporate restructuring Prospect and outlook Q&A This presentation is based on the consolidated financial statements of Stanbic IBTC Bank PLC and its subsidiaries (herein referred to as “Group”). All f
Slide 3: Operating environment
Operating environment Sola David-Borha Chief executive officer
Slide 4: Operating environment
Operating environment Market was impacted by: Results reflect the following: Sustained monetary policy tightening by the High cost of funding due to monetary policy Central Bank of Nigeria. tightening. Increased transactional volumes and activities, Gradual recovery of the capital market in
Slide 5: Financial analysis
Section Title Financial analysis Ronald Pfende Chief financial officer
Slide 6: Performance highlights
Performance highlights Gross income; up 35% to N64.0 billion (September 2011: N47.4 billion) Net interest income; up 22% to N26.6 billion (September 2011:N21.8 billion) Continued growth in Non interest revenue; up 3% to N21.3 billion (September 2011: N20.8 billion) revenues and profitability
Slide 7: Performance highlights – key ratios
Performance highlights – key ratios Net interest margin 5.6% (September 2011: 6.0%) Cost-to-income ratio 74.8% (September 2011: 73.4%) Annualised after- tax return on average equity 10.9% (Sept.2011:8.1%) Annualised after-tax return on average assets 1.6% (Sept. 2011: 1.4%) Key performance i
Slide 8: September 2012 group statement of comprehensive income
September 2012 group statement of comprehensive income 9M 2012 change 9M 2011 Nmillion % Nmillion Interest income 42,535 61 26,419 Interest expense (15,934) >100 (4,669) Net interest income 26,601 22 21,750 Non interest revenue: 21,318 3 20,758 Net fee & commission income 17,135 21 14,193 Trading in
Slide 9: Group quarterly normalised earnings
Group quarterly normalised earnings 3Q 2012 2Q 2012 1Q 2012 Nmillion Nmillion Nmillion Interest income 14,539 14,075 13,921 Interest expense (5,168) (5,103) (5,663) Net interest income 9,371 8,972 8,258 Non interest revenue: 7,500 7,387 6,431 Net fee & commission income 6,033 6,024 5,078 Trading inc
Slide 10: Revenue evolution
Revenue evolution Gross income Gross income QoQ CAGR (9M10-9M12): 27% Nmillion Nmillion 25,000 70,000 21,470 22,132 64,030 20,428 60,000 20,000 50,000 47,440 39,505 15,000 40,000 30,000 10,000 20,000 5,000 10,000 0 - 9M 10 9M 11 9M 12 1Q 12 2Q 12 3Q 12 Interest income Gross earnings increased by 3
Slide 11: Revenue evolution
Revenue evolution Interest income (QoQ) Breakdown of interest income Nmillion 100% 16,000 14,539 16% 13,921 14,075 90% 21% 23% 14,000 80% 5% 3% 1% 12,000 70% 60% 10,000 50% 8,000 40% 76% 79% 76% 6,000 30% 4,000 20% 10% 2,000 0% - 9M 10 9M 11 9M 12 1Q 12 2Q 12 3Q 12 Loans and advances Placements Inve
Slide 12: Revenue evolution
Revenue evolution Net interest income and net interest margin Net interest income and net interest margin (QoQ) Nmillion Nmillion 30,000 7.0% 10,000 6.2% 7.0% 6.0% 6.0% 9,000 25,000 6.0% 5.6% 8,000 5.9% 5.4% 5.5% 5.1% 5.0% 4.9% 5.0% 20,000 4.9% 7,000 4.8% 4.9% 4.0% 6,000 4.8% 4.0% 15,000 5,000 3.0%
Slide 13: Revenue evolution
Revenue evolution Non-interest revenue Breakdown of non-interest revenue CAGR (9M10 -9M12) 27% 100% 1% 1% 1% Nmillion 90% 19% 25,000 70% 30% 21,383 21,318 80% 42% 20,758 59% 60% 70% 20,000 49% 50% 60% 15,000 44% 50% 40% 40% 80% 10,000 30% 68% 30% 57% 20% 5,000 20% 10% 10% 0 0% 0% 9M 10 9M 11 9M 12 9
Slide 14: Revenue evolution
Revenue evolution Total income Total income QoQ CAGR (9M10 9M12):15% Nmillion 18,000 16,871 16,359 50,000 47,919 16,000 14,689 45,000 42,508 14,000 40,000 36,219 12,000 35,000 30,000 10,000 25,000 8,000 20,000 6,000 15,000 4,000 10,000 5,000 2,000 - - 9M 10 9M 11 9M 12 1Q 12 2Q 12 3Q 12 Business con
Slide 15: Expenses evolution
Expenses evolution Interest expense Interest expense (QoQ) CAGR (9M10- 9M12):130% Nmillion Nmillion 6,000 5,663 18,000 5,103 5,168 15,934 16,000 5,000 14,000 4,000 12,000 10,000 3,000 8,000 6,000 4,669 2,000 4,000 3,022 1,000 2,000 - - 9M 10 9M 11 9M 12 1Q 12 2Q 12 3Q 12 Credit impairment charges an
Slide 16: Expenses evolution
Expenses evolution Credit impairment charges and credit loss ratio (QoQ) Operating costs and cost-to-income ratio Nmillion CAGR (9M10- 9M12):19% 2,000 3.0% Nmillion 2.6% 40,000 73.4% 80.0% 1,800 74.8% 2.5% 35,000 70.0% 1,600 1,400 30,000 70.1% 60.0% 2.0% 1,200 1.5% 25,000 50.0% 1,000 1.5% 20,000 40.
Slide 17: Group statement of financial position
Group statement of financial position 3Q 12 Change FY 11 Nmillion % Nmillion Assets Cash and balances with central banks 44,790 49 30,074 Derivative assets 1,461 (53) 3,081 Trading assets 157,091 >100 66,476 Pledged assets 24,118 24 19,501 Financial investments 64,963 (27) 88,877 Loans and advances
Slide 18: Group quarterly statement of financial position
Group quarterly statement of financial position 3Q 12 2Q 12 1Q 12 Nmillion Nmillion Nmillion Assets Cash and balances with central banks 44,790 36,391 41,895 Derivative assets 1,461 2,674 2,952 Trading assets 157,091 75,974 158,282 Pledged assets 24,118 25,228 20,930 Financial investments 64,963 71,
Slide 19: Loans and advances
Loans and advances Gross loans and advances Gross loans and advances (QoQ) CAGR (9M10- 9M12):26% Nbillion Nbillion 300 300 276.5 283.4 266.1 273.9 266.1 273.9 247.2 250 250 200 184.9 200 171.2 150 150 100 100 50 50 0 0 9M 10 FY 10 9M 11 FY 11 9M 12 FY 11 1Q 12 2Q 12 3Q 12 Loans and advances by indus
Slide 20: Loans and advances
Loans and advances Breakdown of loan book by business unit Personal & Business Banking Corporate & Investment Banking Change 9M 12 FY 11 Change 9M 12 FY 11 % Nmillion Nmillion % Nmillion Nmillion Overdrafts 29 16,183 12,592 41 21,610 15,309 Term loans 13 59,608 52,752 (7) 135,466 145,943 Vehicle and
Slide 21: Loans and advances performance
Loans and advances performance Non performing loans and NPL ratio Non performing loans and NPL ratio (QoQ) Nbillion Nbillion 30.0 12.0% 30.0 12.0% 25.0 25.0 9.6% 10.0% 9.6% 10.0% 20.0 8.0% 20.0 8.3% 8.0% 7.6% 6.7% 6.7% 6.2% 6.7% 15.0 6.0% 15.0 6.0% 10.0 4.0% 10.0 4.0% 5.0 2.0% 5.0 2.0% 17.7 15.3 23.
Slide 22: Loans and advances performance
Loans and advances performance Breakdown of non-performing loans by product and business unit Personal & Business Banking Corporate & Investment Banking Change 9M 12 FY 11 Change 9M 12 FY 11 % Nmillion Nmillion % Nmillion Nmillion Overdrafts >100 1,104 541 (60) 605 1,513 Term loans >100 3,390 1,159
Slide 23: Deposit liabilities
Deposit liabilities Deposit liabilities Deposit liabilities by product CAGR (9M10- 9M12):42% 9M 12 FY 11 Nbillion Other deposit Current deposit Term Current 350 315.8 3% 42% deposit deposit 287.2 50% 46% 300 250 217.8 187.9 200 156.6 150 100 50 Term deposit Savings 51% deposit Saving 0 4% deposit 9M
Slide 24: Business segment review
Business segment review WY Stanbic IBTC Bank A member of Standard Bank Group
Slide 25: Corporate and Investment Banking & Personal and Business Banking
Corporate and Investment Banking & Personal and Business Banking Sola David-Borha Chief executive officer
Slide 26: CIB - Abridged financial statement and key ratios
CIB - Abridged financial statement and key ratios September 2012 change September 2011 Nmillion % Nmillion Net interest income 12,153 10 11,007 Non-interest revenue 8,805 (19) 10,916 Total income 20,958 (4) 21,923 Credit impairment charges (724) (41) (1,226) Operating expenses (12,563) 17 (10,764) P
Slide 27: PBB - Abridged financial statement and key ratios
PBB - Abridged financial statement and key ratios September 2012 change September 2011 Nmillion % Nmillion Net interest income 13,275 31 10,167 Non-interest revenue 3,787 23 3,075 Total income 17,062 30 13, 242 Credit impairment charges (2,351) 11 (2,114) Operating expenses (18,829) 9 (17,310) Profi
Slide 28: Wealth
Wealth Demola Sogunle Chief executive officer, Stanbic IBTC Pension Managers Limited
Slide 29: Wealth - Abridged financial statement and key ratios
Wealth - Abridged financial statement and key ratios September 2012 change September 2011 Nmillion % Nmillion Net interest income 1,173 >100 576 Non-interest revenue 8,726 29 6,767 Total income 9,899 35 7,343 Operating expenses ( 4,435) 42 (3,133) Profit before tax 5,464 30 4,210 Assets under manage
Slide 30: Update on new corporate structure
Update on new corporate structure Sola David-Borha Chief executive officer
Slide 31: Update on Stanbic IBTC Holdings Plc restructuring
Update on Stanbic IBTC Holdings Plc restructuring Shareholders’ approval on the restructuring of the Bank was received at a Court Ordered Meeting held on 09 August 2012. We are also in receipt of an Order of the High Court sanctioning the Scheme of Arrangement between the Bank and its shareholders
Slide 32: Prospect and outlook
Prospect and outlook Sola David-Borha Chief executive officer
Slide 33: Prospect and outlook
Prospect and outlook Key focus in 4Q 2012 Growing our low cost and stable deposits ratio by leveraging our enlarged footprint; Cross sell – maximizing our share of wallet from every client interaction; Cost optimization – getting maximum value from each naira we spend and focusing spend on tho
Slide 34: Q&A
Q&A 34 Stanbic IBTC Bank 9M 2012 results presentation