Credit Agricole SA · EURONEXT:ACA
Credit Agricole SA — Kepler Cheuvreux Conference 2015
20 slides from Credit Agricole SA's conference presentation, Sep 16, 2015
Slide 1: Kepler Cheuvreux Conference
Kepler Cheuvreux Conference Philippe Brassac, CEO 16 September 2015
Slide 2: Disclaimer
DISCLAIMER This presentation may include prospective information on the Group, supplied as information on trends. This data does not represent forecasts within the meaning of European Regulation 809/2004 of 29 April 2004 (chapter 1, article 2, § 10). This information was developed from scenarios bas
Slide 3: Contents
CONTENTS 1 Clarification on Group organisation p. 3 2 A new environment p. 5 3 CA Group and Crédit Agricole S.A. financial situation p. 8 4 Medium Term Strategy p. 16 3 KEPLER CHEUVREUX CONFERENCE
Slide 4: Clarification on Group organisation
CLARIFICATION ON GROUP ORGANISATION Medium term target: improve the Group’s organisation To increase the readability of the Group’s structure To lead the necessary transformations more efficiently To increase our maneuverability The ROC project: a means to achieve this objective The idea: - Crea
Slide 5: Contents
CONTENTS 1 Clarification on Group organisation p. 3 2 A new environment p. 5 3 CA Group and Crédit Agricole S.A. financial situation p. 8 4 Medium Term Strategy p. 16 5 KEPLER CHEUVREUX CONFERENCE
Slide 6: A new environment: new potential crises
A NEW ENVIRONMENT New potential crises Persisting imbalances Persisting levels of indebtness (sovereign, corporates, households, and even New potential Central banks) crises ahead Economies supported by non conventional and non lasting Central bank policies - ECB Quantitative Easing Limited
Slide 7: A new environment: new models need to emerge
A NEW ENVIRONMENT New models need to emerge 5 years ago In the next 5 years Crisis KEY WORDS Ruptures / transformation actions Crédit Agricole Group has weathered Crédit Agricole Group has to undertake the crisis with solidarity KEY MESSAGES new projects with more unity Main ruptures and transformat
Slide 8: Contents
CONTENTS 1 Clarification on Group organisation p. 3 2 A new environment p. 5 3 CA Group and Crédit Agricole S.A. financial situation p. 8 4 Medium Term Strategy p. 16 8 KEPLER CHEUVREUX CONFERENCE
Slide 9: Great consolidation work
CA GROUP AND CRÉDIT AGRICOLE S.A. FINANCIAL SITUATION Great consolidation work Crédit Agricole Group: a very strong and united group CASA has to be considered as a part of this Group Great consolidation work achieved in the last 5 years 2010 Derisking and rationalisation 2015 with Regional Banks
Slide 10: Strong results for both Crédit Agricole Group and CASA
CA GROUP AND CRÉDIT AGRICOLE S.A. FINANCIAL SITUATION Strong results for both Crédit Agricole Group and CASA Restructuring is bearing fruits, leading to strong results in a still challenging economic context Crédit Agricole Crédit Agricole Group S.A. Stated €1,500m €920m Of which Regional Banks €811
Slide 11: CASA: Q2-15 and H1-15 Income statements
CA GROUP AND CRÉDIT AGRICOLE S.A. FINANCIAL SITUATION CASA: Q2-15 and H1-15 Income statements ∆ Q2/Q2 of ∆ H1/H1 of Business line the the revenues: +5.7%* €m Q2-15 ∆ Q2/Q2 business H1-15 ∆ H1/H1 business Q2/Q2, driven primarily lines lines restated* restated* by Savings management & Revenues 4,628
Slide 12: Strong business performance: Retail Banking
CA GROUP AND CRÉDIT AGRICOLE S.A. FINANCIAL SITUATION Strong business performance: Retail Banking Strong growth in new customers Loans outstanding: +2.2% June/June Regional Banks: versus +1.3% March/March - 230,000 net new demand deposit accounts opened since 30 June 2014 (€bn) - Sharp increase in
Slide 13: Strong business performance: Savings management & Insurance
CA GROUP AND CRÉDIT AGRICOLE S.A. FINANCIAL SITUATION Strong business performance: Savings management & Insurance A dynamic, innovative product range … Launch of Premundi in March 2015: Amundi and Predica pooled facilitating teams, processes and dedicated call centres in order to Assets under mana
Slide 14: Strong business performance: Financing activities
CA GROUP AND CRÉDIT AGRICOLE S.A. FINANCIAL SITUATION Strong business performance: Financing activities (outside branch networks) Consumer finance CACF Total production (€bn) Growth in production: up 13.7% YoY in Q2 +13.7% Diversified product range 8.7 - Outstandings of car finance partnerships up
Slide 15: Strength of the financial structure confirmed
CA GROUP AND CRÉDIT AGRICOLE S.A. FINANCIAL SITUATION Strength of the financial structure confirmed despite the current interest rate context Crédit Agricole Crédit Agricole S.A. Group Crédit Agricole Group is among 13.2% 10.2% 8.0% 7.0% the best capitalised groups in 1.0% Europe CET1 7.0% Minimum
Slide 16: Contents
CONTENTS 1 Clarification on Group organisation p. 3 2 A new environment p. 5 3 CA Group and Crédit Agricole S.A. financial situation p. 8 4 Medium Term Strategy p. 16 16 KEPLER CHEUVREUX CONFERENCE
Slide 17: Competitiveness Project: main actions
MEDIUM TERM STRATEGY The launch of a Competitiveness Project: main actions Main actions to reinforce and extend measures already undertaken The differentiation of Crédit Agricole Group’s commercial policy must now clearly stand out Reinforce commercial Distribution must be totally hybrid (human an
Slide 18: Competitiveness Project: main actions
MEDIUM TERM STRATEGY The launch of a Competitiveness Project: main actions Main actions to reinforce and extend measures already undertaken Structurally and significantly decrease our fixed costs to mitigate negative trends Increase in consumerist constraints Increase in competition intensity
Slide 19: Crédit Agricole S.A.'s management team in place as of 01/09/2015
MEDIUM TERM STRATEGY Crédit Agricole S.A.’s management team in place as of 01/09/2015 Crédit Agricole S.A. has adjusted its organisation to oversee its transformations and enhance collective performance Crédit Agricole S.A.'s organisation is now structured around: four business lines reporting dir
Slide 20: Next steps
MEDIUM TERM STRATEGY Next steps Beginning of 2016: presentation of a Crédit Agricole Group Strategic Plan covering the 2016-2019 period Which will show our organic capital generation capacity and present our solvency track 20 KEPLER CHEUVREUX CONFERENCE