Banca Transilvania SA · BVB:TLV
Banca Transilvania SA — FY2015 Earnings Presentation
25 slides from Banca Transilvania SA's earnings presentation, 2016
Slide 1: Banca Transilvania 2015 Financial Results
BANCA TRANSILVANIA 2015 Financial Results
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 2015 Preliminary highlights 3 Performance in 2015 4 Overview of Business Lines 5 BT Financial Group 3
Slide 4: Romanian Banking Sector – 2015 briefing
ROMANIAN BANKING SECTOR – 2015 briefing ● The Romanian banking system stays solid: ● average CAR at 18.7% ● NPL ratio markedly improved to less than 12% from cca. 22% in 2013 ● The non-government loans rose by 3.6% ytd, as the increase of the RON component (by 20.6% ytd) counterbalanced the decline
Slide 5: Bank assets recovering at a 2-3% annual rate
BANK ASSETS RECOVERING AT A 2-3% ANNUAL RATE Bank assets recovering at a NPL numbers have relatively stable annual growth continuously improved during rate 2015 total bank net assets source: NBR NPL ratio, % source: NBR 8% 364 21.6% 21.9% 36 5 363 6% 362 20.4% 361 19.2% 360 36 0 4% 3.1% 15.3% 2.4% 2
Slide 6: Lending in RON outweighs lending in FCY
LENDING IN RON outweighs lending in FCY Lending activity accelerated in the RON loans have exceeded FCY second half of 2015 loans starting with 3Q 15 loans non-government , %YoY source: NBR 13 00 0% loans non-government , RONbn source: NBR 4% 3.0% 12 00 0% 119 116 3% 113 110 1.3% 2% 11 00 0% 108 107
Slide 7: Romanian economy on an upward trend due to domestic demand
ROMANIAN ECONOMY on an upward trend due to the domestic demand GDP rose by 3.7% YoY in 2015 Domestic demand speeding up the highest pace since 2008 GDP, %YoY source:: Statistics Office (INS) Private consumption vs. fixed 8 investments, %YoY source: Statistics Office (INS) 20 60 6 50 15 40 4 10 30 2
Slide 8: High macro-financial stability
HIGH MACRO-FINANCIAL STABILITY before the introduction of the Fiscal Act Decline of the consumer prices due to C/A and public finance deficits close VAT cut to record low levels consumer prices, %YOY source: Statistics Office (INS) C/A vs. budget deficits (%GDP) source: NBR, Ministry of Finance 7.0
Slide 9: Banca Transilvania's business development and financial performance at the end of 2015
Banca Transilvania’s business development and financial performance at the end of 2015 9 BANKING SECTOR DYNAMICS 2015 HIGHLIGHTS PERFORMANCE IN 2015 OVERVIEW OF BUSINESS LINES BT FINANCIAL GROUP
Slide 10: Profitability
YTD Dec’15 Highlights YTD Dec'15 YTD Dec'14 Mil. RON ∆ (unaudited) (audited) Operating income 2,286.2 2,000.5 14.3% PROFITABILITY Operating expenses (1,341.9) (828.4) 62.0% Bargaining gain 1,650.6 Gross profit before provisions 2,594.9 1,172.1 121.4% Net income 2,418.0 434.3 456.7% EPS RON 0.80 0.15
Slide 11: Business Performance 2015 at a glance
BUSINESS PERFORMANCE 2015 at a glance ● Organic growth of loan portfolio in 2015 disregarding VBRO acquisition Total assets at RON 47.2 bn ● Boost due to VBRO acquisition 32.6% YTD ● Significant growth of customer deposits Capital adequacy ratio at 22.6% ● Strong capital base, supporting organic a
Slide 12: Profit & Loss Account Structure
PROFIT&LOSS ACCOUNT STRUCTURE +456,7% YTD Dec’14 YTD Dec’15 2.418 +21,2% +62,0% 1.651 1.379 1.342 1.138 -50,6% 828 +12,0% 667 -17,5% +41,5% 408 458 434 328 329 -315,7% 271 127 179 71 -153 Net interest Net fee and Net trading Other net Operating Cost of risk Income tax Bargaining Net profit income co
Slide 13: Loan Structure
LOAN STRUCTURE Loans to households 2 times higher Higher proportion of investment than in 2014 loans to companies Loans to Households, RONbn 14,33 Loans to Companies, RONbn 14,46 0,04 12,55 3,20 5,42 2,58 7,47 0,04 2,70 11,26 9,97 8,87 4,73 Dec’14 Dec’15 Dec’14 Dec’15 others housing consumption SMEs
Slide 14: Deposit Structure
DEPOSIT STRUCTURE Deposits from households Deposits from companies remain continue the growth path stable Deposits from Households, RONbn Deposits from Companies, RONbn 23,3 15,1 18,6 11,4 9,9 18,2 15,7 7,8 5,2 5,1 3,6 2,9 Dec’14 Dec’15 Dec’14 Dec’15 Deposits Current accounts large corporates SMEs D
Slide 15: NPL Ratio at 9.75%
NPL RATIO AT 9.75% 127% 122% 119% 108% 46% 45% 40% 33% ● Banca Transilvania continued the conservative provisioning policy, providing a sound coverage ratio for its PAR 90 portfolio 75% 77% 81% 79% 12 13 14 15 NPL coverage with mortgage collaterals NPL coverage with provisions 15 2015 HIGHLIGHTS BAN
Slide 16: Retail Banking
Retail banking Retail loan portfolio reached RON 14.33bn in 2015 Retail Loan Portfolio, RONbn source: BT ● Sound organic growth of loan portfolio in 2015 1500% 1400% disregarding the boost from VBRO acquisition 1300% loans transferred 3.30 Banca Transilvania is number 1 in Romania in from VBR 1200
Slide 17: SME Banking
SME Banking SME loan portfolio up to RON 3.17bn and 184,500 active clients ● Banca Transilvania continued its specific focus on SME Loan Portfolio, RONbn source: BT the SME business sector, processing over 16,300 320% new loans in 2015 loans 0.3 BT continued its partnership with DFIs, offering 300
Slide 18: Corporate Banking
Corporate Banking Corporate loan portfolio above RON 11.2bn 1200% Corporate Loan Portfolio, RONbn source: BT 1150% BT was present with lending facilities especially in loans the industrial manufacturing and agribusiness 1100% transferred 0.88 1050% from VBR segments 1000% BT continued to play an
Slide 19: Banca Transilvania Financial Group
BANCA TRANSILVANIA FINANCIAL GROUP full array of financial services As of 31.12.2015: Total assets: 47.2 RON bn Total assets: 82 RON mn. Total assets: 106 RON mn. Total assets: 74 RON mn. Total assets: 32 RON mn. Total assets: 369 RON mn. 19 BANKING SECTOR DYNAMICS 2015 HIGHLIGHTS PERFORMANCE IN 201
Slide 20: Profitability – Consolidated figures
YTD Dec’15 Highlights – Consolidated figures Mil. RON Dec-15 (unaudited) Dec-14 (audited) ∆ Operating income 2,382.6 2,078.0 14.7% PROFITABILITY Operating expenses (1,401.3) (878.0) 59.6% Bargaining gain 1,650.6 Gross profit before provisions 2,631.8 1,200.1 119.3% Net income 2,448.8 442.5 453.5% EP
Slide 21: Annex I Income Statement
ANNEX I INCOME STATEMENT Dec-15* Dec-14 IFRS, individual, RONmn ∆ unaudited audited Net interest income 1,378.7 1,137.6 21.2% Net fee and commission income 457.6 408.4 12.0% Net trading income 179.4 126.8 41.5% Other net income 270.5 327.7 -17.5% Operating income 2,286.2 2,000.5 14.3% Personnel expe
Slide 22: Annex II Balance Sheet
ANNEX II BALANCE SHEET Dec-15* Dec-14 IFRS, individual, RON mn ∆ unaudited audited Cash & cash equivalents 5,104.9 4,226.0 20.8% Placements with banks 3,569.8 2,216.1 61.1% Loans to customers, net 25,107.5 17,517.2 43.3% T-bills & securities 12,481.0 11,068.0 12.8% Fixed assets 409.1 360.1 13.6% Par
Slide 23: Annex III Income Statement
ANNEX III INCOME STATEMENT Dec -15 Dec – 14 IFRS, consolidated, RONmn* ∆ unaudited audited Net interest income 1,421.2 1,175.7 20.9% Net fee and commission income 487.1 425.5 14.5% Net trading income 178.8 126.8 41.0% Other net income 295.6 350.0 -15.5% Operating income 2,382.6 2,078.0 14.7% Personn
Slide 24: Annex IV Balance Sheet
ANNEX IV BALANCE SHEET Dec-15* Dec-14 IFRS, consolidated, RONmn ∆ unaudited audited Cash & cash equivalents 5,109.1 4,234.2 20.7% Placements with banks 3,585.0 2,224.3 61.2% Loans to customers, net 25,227.4 17,663.0 42.8% T-bills & securities 12,507.4 11,078.6 12.9% Fixed assets 526.7 412.3 27.7% Pa
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