Banca Transilvania SA · BVB:TLV
Banca Transilvania SA — Q1 2018 Earnings Presentation
25 slides from Banca Transilvania SA's earnings presentation, Apr 25, 2018
Slide 1: Q1 2018 financial results
BANCA TRANSILVANIA Q1 2018 financial results April 25th 2018 Clasificare BT: Uz Intern
Slide 2: Disclaimer
Disclaimer The information contained in the present document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of this information or opinions contained her
Slide 3: Agenda
Agenda 1 Banking sector dynamics 2 Q1 2018 Highlights 3 Performance in Q1 2018 4 Overview of business lines 5 BT Financial Group a Financial statements 2 Clasificare BT: Uz Intern
Slide 4: Bank assets grew by 9% in 2017
Bank assets grew by 9% in 2017 Bank assets amounted to RON 427bn Loan quality has improved at the end of 2017 significantly during last years total bank net assets source: NBR NPL ratio, % source: NBR 12% 427 420 20,7% 20,2% 406 10% 399 400 8,6% 394 394 16,2% 8% 15,7% 7,5% 380 377 378 13,5% 13,5% 38
Slide 5: Credit activity gathered pace in 2017
Credit activity gathered pace in 2017 Loans advanced during 2017 at the fastest Lending supported by both housing pace since 2011 and corporate loans 9% %YoY source: NBR YoY RONbn source: NBR 7,3% 20 non-financial corporate loans 7% financial corporate (excl. MFIs) loans 5,6% household - other loans
Slide 6: LCY loans remain the driver of lending in Romania
LCY loans remain the driver of lending in Romania At RON 146bn, LCY loans account for 63% Loans in RON now make up the of total loans in 2017 greatest portion of each loan segment RONbn source: NBR 146 143 100 % 140 00% 137 130 15% 126 90% 122 27% 119 114 120 00% 110 80% 41% 41% 107 102 99 95 94 70%
Slide 7: The real economy: the maturity of the post-crisis cycle
The real economy The maturity of the post-crisis cycle The economic confidence changed the Deterioration of the current account trend 140 1.000 120 0 Jun-17 Aug-17 Jun-16 Jun-14 Feb-16 Aug-16 Oct-16 Dec-16 Feb-14 Aug-14 Oct-14 Dec-14 Dec-13 Jun-15 Feb-15 Apr-15 Aug-15 Oct-15 Dec-15 Feb-17 Apr-17 Oct
Slide 8: The financial economy
The financial economy NBR hiked the policy rate twice in 1Q and signaled the continuity of the cycle to counter the risks in terms of price and financial stability Real interest rates remain affordable EUR/RON continued the depreciation 12% 5,0 Consumer prices (HICP) (YoY) Monetary policy rate 10% 4
Slide 9: Banca Transilvania's business development and financial performance in Q1 2018
Banca Transilvania’s business development and financial performance in Q1 2018 BankingBT: Clasificare sector dynamics Uz Intern Q1 2018 Highlights Performance in Q1 2018 Overview of business lines BT Financial Group
Slide 10: Q1 2018 Highlights
Q1 2018 Highlights Q1 2018 Q1 2017 ∆ Net interest income RONmn 518.2 456.3 13.6% profitability Net fee and commission income RONmn 153.0 129.4 18.2% Operating expenses RONmn (349.9) (295.3) 18.5% Gross profit before provisions RONmn 385.8 286.7 34.6% Net income RONmn 366.0 246.2 48.7% Cost of risk,
Slide 11: Business performance Q1 2018 at a glance
Business performance Q1 2018 at a glance Total assets at RON 59.6bn Balance sheet consolidation Capital adequacy ratio at Strong capital base, supporting organic and non 19.23% organic growth Net fees and commissions at Increased number of operations and additional cross- RON 153mn +18% Y/Y sell CoR
Slide 12: Trends in income structure
Trends in income structure RONmn Q1 2017 Q1 2018 +13.6% 518 456 +18.5% 350 295 +18.2% 153 129 +8.0% 51 55 Net interest income Net fee and Net trading income Operating expenses commission income 11 BankingBT: Clasificare sector dynamics Uz Intern Q1 2018 Highlights Performance in Q1 2018 Overview of
Slide 13: Loan structure
Loan structure Loans to households, RONbn Loans to companies, RONbn 16.7 16.9 15.0 15.2 0.0 0.0 4.3 4.5 8.4 8.6 10.7 10.7 8.2 8.3 Dec’17 Mar’18 Dec’17 Mar’18 Other Housing Consumption SMEs Large corporates 77% 23% 81% 19% RON FX RON FX *SMEs identified according to internal classification rules 12 B
Slide 14: Deposit structure
Deposit structure Deposits from households, RONbn Deposits from companies, RONbn 30.4 31.5 18.7 17.6 11.3 12.0 7.7 7.5 19.1 19.5 11.0 10.1 Dec’17 Mar’18 Dec’17 Mar’18 Current accounts Deposits SMEs Large corporates 55% 45% 70% 30% RON FX RON FX *SMEs identified according to internal classification r
Slide 15: NPL ratio at 2.95%
NPL ratio at 2.95% Banca Transilvania continued to provide a sound coverage ratio for its PAR 90 portfolio 127% 127% 122% 124% 119% 117% 54% 45% 45%46% 46% 40% 40% 49% 33% 43% 51% 77% 81% 79% 78% 74% 73% 2013 2014 2015 2016 2017 Q1 2018 NPL coverage with mortgage collaterals NPL coverage with provis
Slide 16: Retail banking
Retail banking retail loan portfolio reached RON 16.9bn as of Mar 2018 16.7 16.9 15.1 • 16,500 non-card retail loans disbursed in Q1 2018 13.6 3.3 • Market share for retail loans at December 2017 -13.7% 7.5 6.8 • 3.08 mn active cards; BT is the market leader, both in terms of number of cards, as 10.
Slide 17: SME banking
SME banking SME loan portfolio at RON 4.5bn and 249,000 active clients 4.5 4.3 3.2 3.1 0.3 • Banca Transilvania continued its specific 2.6 focus on the SME business sector, offering 2.5 over 4,400 new loans in Q1 2018 2.8 2013 2014 2015 2016 2017 Q1 2018 Loans transferred form VBRO SME loans 16 Bank
Slide 18: Corporate banking
Corporate banking corporate loan portfolio close to RON 11bn 11.0 11.1 10.7 10.7 10.0 0.9 9.9 • Sectorial specialization is a main focus • BT is present with lending facilities especially in the industrial manufacturing and agribusiness segments 10.1 2013 2014 2015 2016 2017 Q1 2018 Loans transferre
Slide 19: Banca Transilvania Financial Group
Banca Transilvania Financial Group as of 31.03.2018* Total assets: RON 59.6bn Total assets: RON 135mn Total assets: RON 194mn Total assets: RON 95mn Total assets: RON 826mn Total assets: RON 219mn AuM: RON 4,073mn Total assets: RON 3.4bn *Total assets for subsidiaries are presented under RAS rules;
Slide 20: Q1 2018 Highlights – consolidated figures
Q1 2018 Highlights – consolidated figures Q1 2018 Q1 2017 ∆ Net interest income RONmn 543.3 473.1 14.8% Net fee and commission income RONmn 163.2 138.7 17.7% Operating expenses RONmn (386.0) (327.7) 17.8% profitability Gross profit before provisions RONmn 414.1 315.1 31.4% Net profit RONmn 389.0 266
Slide 21: Annex I: income statement Q1 2018 – individual figures
annex I income statement Q1 2018 – individual figures IFRS individual, RONmn Q1 2018 Q1 2017 ∆ Net interest income 518.2 456.3 13.6% Net fee and commission income 153.0 129.4 18.2% Net trading income 54.6 50.5 8.0% Other net income 10.0 (54.3) -118.4% Operating income 735.8 582.0 26.4% Personnel exp
Slide 22: Annex II: balance sheet Q1 2018 – individual figures
annex II balance sheet Q1 2018 – individual figures IFRS individual, RONmn Mar 2018 Dec 2017 ∆ Cash & cash equivalents 5,554.1 6,637.7 -16.3% Placements with banks 3,446.4 5,302.3 -35.0% Loans to customers, net 30,282.3 29,914.0 1.2% T-bills & securities 18,837.2 16,115.7 16.9% Fixed assets 547.5 53
Slide 23: Annex III: income statement Q1 2018 – consolidated figures
annex III income statement Q1 2018 – consolidated figures IFRS consolidated, RONmn Q1 2018 Q1 2017 ∆ Net interest income 543.3 473.1 14.8% Net fee and commission income 163.2 138.7 17.7% Net trading income 57.1 61.0 -6.5% Other net income 36.6 (30.0) -221.9% Operating income 800.2 642.8 24.5% Person
Slide 24: Annex IV: balance sheet Q1 2018 – consolidated figures
annex IV balance sheet Q1 2018 – consolidated figures IFRS consolidated, RONmn Mar 2018 Dec 2017 ∆ Cash & cash equivalents 5,554.1 6,637.7 -16.3% Placements with banks 3,484.9 5,348.1 -34.8% Loans to customers, net 30,654.3 30,249.0 1.3% T-bills & securities 18,819.8 16,096.2 16.9% Fixed assets 788.
Slide 25: Banca Transilvania HQ
Banca Transilvania HQ 8, G. Baritiu Street, Cluj-Napoca 400027, Romania + 40 264 407 150 + 40 264 407 179 /FAX [email protected] www.bancatransilvania.ro/en/investor-relations www.bancatransilvania.ro www.bt24.ro facebook.com/BancaTransilvania # twitter.com/b_Transilvania linkedin.com/compa