Vtb · RUS:VTBR
Vtb — FY2015 Earnings Presentation
18 slides from Vtb's earnings presentation, Mar 17, 2016
Slide 1: VTB Group FY'2015 Results
VTB Group FY’2015 Results Herbert Moos CFO and Deputy Chairman of VTB Bank Management Board Dmitry Pyanov Senior Vice President, Head of Finance Department Leonid Vakeyev Managing Director, Head of Investor Relations March 17, 2016 1
Slide 2: Forward-looking statements disclaimer
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 VTB Bank ("VTB") and its subsidiaries (together with VTB, the "Group"). Such forward-looking statements are based on numerous as
Slide 3: VTB Group FY'2015 Highlights
VTB Group FY’2015 Highlights Key selected items (in RUB bn) FY’2015 FY’2014 Change 4Q’2015 4Q’2014 Change Net interest income 289.1 347.3 -16.8% 93.1 84.3 10.4% Net fee and commission income 76.2 63.1 20.8% 22.2 18.3 21.3% Net other income 47.0 21.2 121.7% 3.2 (11.4) - Government grant from Deposit
Slide 4: FY'2015 Targets Met
FY’2015 Targets Met Indicator Measurement FY’2015 Guidance FY’2015 Actual Status Loan growth - Loans to legal entities % YoY In line with the market VTB: +13% / Market: +13% ✔ - Loans to individuals % YoY Flat / Above the market VTB: +1% / Market: -6% ✔ NIM % 2.7 2.6 ✔ CoR % ≈2.0 1.8 ✔ Cost growth %
Slide 5: Interest Income and Average Yields
Interest Income and Average Yields Interest income and average yields RUB bn 11.2% 11.0% 11.1% 10.9% 11.0% Yield on customer 10.4% 10.4% loans Yield on total interest 10.0% 10.0% 9.9% 9.9% bearing assets 9.7% 9.7% 9.7% +30% 1,100.9 8% +22% 844.1 6% Interest income on 291.0 other interest bearing 272
Slide 6: Interest Expense and Cost of Funds
Interest Expense and Cost of Funds Interest expense and cost of interest bearing liabilities RUB bn 10.5% Cost of other interest 8.9% 9.0% bearing liabilities (1) 8.7% 8.4% 7.7% Cost of total interest 7.6% 7.3% 7.8% 6.7% 6.9% bearing liabilities 7.7% 7.1% 5.8% 6.6% 7.4% 6.8% Cost of customer 5.3% 5.
Slide 7: Net Interest Income and NIM
Net Interest Income (1) and NIM (2) Net interest income RUB bn -17% 347.3 +10% 289.1 84.3 85.9 93.1 65.7 44.4 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 FY'14 FY'15 Net interest margin % -1.4 ppt -20 bps 4.0% 3.4% 3.2% 3.1% 2.4% 2.6% 1.6% 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 FY'14 FY'15 (1) Net interest income restated
Slide 8: Fee and Commission Income
Fee and Commission Income Fee and commission income breakdown RUB bn +21% +20% Other fee and commission income 98.6 Commission on 81.5 14% operations with securities 28.0 28.4 10% and on capital markets 9% 23.6 11% 7% 15% 21.7 17% 20.5 16% Commission on 12% 18% 11% 7% 12% 12% guarantees issued and 6
Slide 9: Provision Charge for Loan Impairment and Cost of Risk
Provision Charge for Loan Impairment and Cost of Risk Provision charge for loan impairment and cost of risk RUB bn 4.9% 5.1% 4.3% 4.6% Loans to individuals 3.0% 2.2% 4.3% Cost of risk 2.7% 2.4% 3.4% 3.5% 1.2% 1.8% 2.3% 3.1% 1.8% Loans to legal entities 1.6% 1.4% 1.6% 1.4% 0.3% -34% -59% 255.3 97.9 P
Slide 10: Loan Book Quality
Loan Book Quality Provision for loan impairment RUB bn NPLs (90+) RUB bn 7.2% 7.6% 7.1% 6.7% 6.7% 6.4% 7.0% 6.8% 5.8% 6.3% +10% +19% -0% -1% 613 639 653 674 673 599 644 635 534 571 31-Dec-14 31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Dec-14 31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 Allowance for loan
Slide 11: Staff and Administrative Expenses
Staff and Administrative Expenses Staff costs and administrative expense RUB bn 2.2% 1.8% 2.5% 1.8% 1.7% 1.8% 1.8% Cost / Avg. assets 53.8% 64.3% 59.6% 41.9% 51.1% Cost / Income ratio 45.2% 36.6% -0.3% -13% 222.6 221.9 Administrative 69.6 60.5 84.0 expenses 55.6 98.1 54.6 51.2 39.3 19.4 22.1 23.6 St
Slide 12: Balance Sheet Structure and BIS Capital
Balance Sheet Structure and BIS Capital Assets structure RUB bn Liabilities structure RUB bn BIS Group capital RUB bn +12% +10% 15.2% 14.3% +7% 12.0% 11.9% 12.4% +7% 12.9% 12.4% 13,642 12,439 12,792 9.8% 9.7% 10.1% 12,191 5% 12,188 11,743 5% 6% 11,325 11,370 6% 6% 11,060 13% 6% 7% 10% 10,656 8% 7% 1
Slide 13: Assets and Liabilities by Currency
Assets and Liabilities by Currency Total assets RUB bn Total liabilities RUB bn 13,642 12,191 12,188 11,060 41% 37% 44% FX 39% FX RUB RUB 63% 59% 61% 56% 31-Dec-14 31-Dec-15 31-Dec-14 31-Dec-15 Net loans and advances to customers RUB bn Customer deposits RUB bn 9,438 8,537 7,267 37% 32% 5,669 FX FX
Slide 14: Loan Portfolio and Customer Deposits
Loan Portfolio and Customer Deposits Loans and advances to customers RUB bn Customer deposits RUB bn +10% +28% +6% +2% 9,517 10,110 9,150 8,899 8,608 7,144 7,267 6,451 6,078 5,669 81% 60% 79% 79% 78% 80% 64% 66% 62% 62% 38% 34% 38% 36% 40% 21% 21% 22% 20% 19% 31-Dec-14 31-Mar-15 30-Jun-15 30-Sep-15
Slide 15: Business with Legal Entities
Business with Legal Entities Loans to legal entities RUB bn Deposits of legal entities RUB bn +13% +25% -4% +7% 8,150 7,205 6,997 7,594 4,551 4,384 6,720 4,227 3,520 3,774 22% 25% 23% 23% 25% 78% 77% 75% 77% 75% 31-Dec-14 31-Mar-15 30-Jun-15 30-Sep-15 31-Dec-15 31-Dec-14 31-Mar-15 30-Jun-15 30-Sep-1
Slide 16: Business with Individuals
Business with Individuals Loans to individuals RUB bn Deposits of individuals RUB bn +1% +34% +2% +11% 1,960 2,883 1,945 1,901 1,888 1,922 2,594 2,305 16% 2,149 2,224 15% 46% 45% 44% 44% 44% 16% 18% 16% 6% 6% 7% 7% 6% 7% 6% 6% 6% 5% 84% 85% 82% 84% 84% 41% 42% 43% 43% 45% 31-Dec-14 31-Mar-15 30-Jun-
Slide 17: 2016 Management Expectations
2016 Management Expectations Indicator Measurement Optimistic scenario Conservative scenario Marco GDP, nominal % YoY 0.5 -1.2 CPI inflation % YoY 7.0 7.6 Oil price (Urals), average USD/bbl 50 40 CBR key rate, average % 9.1 10.0 Banking sector Loan growth - Loans to legal entities % YoY 5-10 0-5 - L
Slide 18: Investor Relations
Investor Relations Tel: +7 (495) 775-71-39 e-mail: [email protected] 18