Vtb · RUS:VTBR
Vtb — Q1 2006 Earnings Presentation
14 slides from Vtb's earnings presentation, August 2006
Slide 1: 1Q 2006 Consolidated IFRS Results
1Q 2006 Consolidated IFRS Results August, 2006
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 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 Vneshtorgbank (“The Group” or “VTB”). We caution you that these statements are not guarantees of futu
Slide 3: 1Q 2006 Highlights
1Q 2006 HIGHLIGHTS • Net profit made up U.S. $ 334 million in 1Q 2006 (+ 398.5% y-o-y) • Assets increased to U.S. $ 40.8 billion in 1Q 2006 (+11.1% for Q1/06): — Loan portfolio increased to U.S. $ 20,963 million (+5.2% for Q1/06) — Financial assets at fair value through profit or loss increased to U
Slide 4: Profitability
PROFITABILITY Net Profit NIM & Net Spread 4.6% 4.5% 334 4.3% 4.2% 4.1% 4.2%** 3.7% 3.9%** 3.8% 24 +398.5% 2.5% US$ million 310 67 1Q 2005 1Q 2006 2003 2004 1Q 2005 2005 1Q 2006 Russia and CIS Europe NIM Net Spread RoE* RoA* 3.4%** 24.6%** 2.9% 2.2% 15.6% 11.8% 1.5%** 9.8%** 1.4% 8.0% 2003 2004 1Q 20
Slide 5: Net Interest Income
NET INTEREST INCOME Growth 839 574 +65.0% 320 330 224 220 US$ million 200 195 2003 2004 1Q 2005 2Q 2005 3Q 2005 4Q 2005 2005 1Q 2006 Composition (1Q 2006) 63 709 130 95 121 551 128 379 330 US$ million Loans and Securities Due from other Total interest Customer Debt securities Due to banks Total t in
Slide 6: Operating Income / Operating Expenses
OPERATING INCOME / OPERATING EXPENSES Operating Income Operating Expenses 1,515 924 850 +147.7% 659 661 628 +70.3% 533 US$ million 443 US$ million 391 340 266 281 281 165 168 182 2003 2004 1Q 2005 2Q 2005 3Q 2005 4Q 2005 2005 1Q 2006 2003 2004 1Q 2005 2Q 2005 3Q 2005 4Q 2005 2005 1Q 2006 Operating I
Slide 7: Assets
ASSETS Total Growth Securities Portfolio +11.1% Financial assets held for trading 5.9% 0.1% 40,808 36,723 Financial assets designated -4.5% 5,012 as at fair value through profit 5,248 24.4% 8,808 or loss 7,409 +18.9% Securities pledged under US$ million 17,810 55.4% repurchase agreements 11,228 +5.2
Slide 8: Liabilities
LIABILITIES Total Growth +12.0% 35,223 31,454 1,280 1,159 719 1,161 - 0.2% 7,558 7,241 +4.4% 3,432 2,937 +16.9% 15 101 14,914 8 750 12,767 +16.8% US$ million 6,629 +3.8% 6,880 2003 2004 2005 1Q 2006 Due to other banks Customer accounts Other borrowed funds Debt securities issued Subordinated debt Ot
Slide 9: Segment Analysis
SEGMENT ANALYSIS Assets Liabilities Profit after Taxation 7% 26% 21% 74% 79% 93% Russia and CIS Europe Source: IFRS financial statements 8
Slide 10: Capital Adequacy
CAPITAL ADEQUACY Total Capital (Tier I + Tier II) Total Capital Adequacy Ratio 5,898 5,974 14.1% 13.6% 971 749 4,927 5,225 US$ million December 31, 2005 March 31, 2006 December 31, 2005 March 31, 2006 Tier I Tier II less Deduction* * Deduction of U.S. $262 million as of December 31, 2005 and U.S. $4
Slide 11: Appendices
APPENDICES € Vneshtorgbank 10
Slide 12: Income Statement Highlights
INCOME STATEMENT HIGHLIGHTS $ (Millions) 1 Q 2006 1 Q 2005 % Change Interest Income 709 371 91.1% Interest Expense (379) (171) 121.6% Net Interest Income 330 200 65.0% Net Fee and Commissions Income 81 34 138.2% Operating Income 659 266 147.7% Operating Expenses (281) (165) 70.3% Profit Before Tax 3
Slide 13: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS $ (Millions) 1Q 2006 2005 % Change Cash and short-term funds 2,117 2,692 (21.4%) Due from other Banks 6,025 4,141 45.5% Loans and Advances to Customers 20,963 19,925 5.2% Financial assets at fair value through profit or loss 6,052 5,267 14.9% Other Securities and Investments
Slide 14: Key Ratios
KEY RATIOS 1Q 2006 1 Q 2005 Profitability & efficiency Recurring Earning Power (Net Interest Income/Avg. Total Assets (1) )* 3.4% 4.3% Interest Income/Avg. Interest Earning Assets(1) * 8.9% 8.3% Interest Expense/Avg. Interest Bearing Liabilities(1) * 4.7% 4.4% Net Interest Income /Operating Income 5