Julius Baer Gruppe AG · SIX:BAER
Julius Baer Gruppe — Julius Baer — Investor Presentation (October 2003)
13 slides from Julius Baer Gruppe's investor presentation, Oct 30, 2003
Slide 1: Julius Baer – Well positioned for future growth
Julius Baer – Well positioned for future growth Walter Knabenhans, CEO Geneva, 30 October 2003
Slide 2: Julius Baer business model
Julius Baer business model Group • Provides strategic leadership • Sets / measures performance targets for BLs • Ensures capturing of cross-BL synergies Private Banking Asset Management Trading In Private Banking, we In Asset Management, In Trading, we operate provide eligible private we focus on a
Slide 3: Key achievements on Group level (1)
Key achievements on Group level (1) • Staff functions stream- lined/duplications eliminated • IT structures adjusted Asset • Group Investment Private Research implemented Manage- Banking • Group Product Committee ment introduced • BL Brokerage divested • Strategy development Trading process overhaul
Slide 4: Key achievements on Group level (2)
Key achievements on Group level (2) Trend-breaking markets Non-booming markets 2000 2001 2002 2003 2004 200X Revenues: Cost-cutting 2001/2002 Project "Vista" Further adjustment Top-line growth Operational leverage 4
Slide 5: Staff number will reach target level 2003
Staff number will reach target level 2003 FTEs 2469 2399 2400 2286 2324 D H1 02 2274 2150 397 2171 -7% 2200 373 2019 344 357 327 2000 261 307 1867 200 1800 163 ~1700 1600 2072 2026 1967 1400 1819 1889 1942 1947 1864 1704 ~1700 1200 1000 H1 99 H2 99 H1 00 H2 00 H1 01 H2 01 H1 02 H2 02 H1 03 H2 03 Jul
Slide 6: Assets under management
Assets under management CHF bn 150 142 128 126 125 31 114 115 27 107 103 28 100 29 33 27 30 29 75 24 23 50 66 76 70 25 55 59 0 1999 2000 2001 2002 Q1 03 Q2 03 Q3 03 Private Banking Inst. Asset Mgmt.* Investment Funds Other Group total * excl. investment funds 6
Slide 7: H1 03: Net new money vs. market performance
H1 03: Net new money vs. market performance CHF bn IM INF 0.9 PB 1.6 Other 113.5 114 3.2 -0.3 112 INF IM 110 PB 0.1 0.9 0.8 Other 108 106.5 -0.2 106 104 102 100 Dec 02 Net new money: 1.6 Market performance: 5.4 Jun 03 PB: Private Banking INF: Investment Funds IM: Institutional Mandates 7
Slide 8: Net profit
Net profit CHF m 300 249 250 200 183 150 139 138 D H1 02 126 118 87 91 -23% 100 64 50 16 -86% 0 H1 99 H2 99 H1 00 H2 00 H1 01 H2 01 H1 02 H2 02 H1 03 without Brokerage H1 loss (CHF 20 m) and one-off restructuring costs (CHF 55 m) 8
Slide 9: Profitability and capital management
Profitability and capital management ROE and BIS Tier 1 ratio Financial soundness % § Strong equity base with BIS Tier 1 35 ratio of 19.6% 30 30 Share buy-back 23 § Program 2003/2004 CHF 65 m; 25 19 20 by 30 June 2003 CHF 18 m 20 16 16 15 15 repurchased 15 12 12 Profit distribution 10 § Dividend pay
Slide 10: Business development
Business development Assets under management (30 September 2003): § CHF 115.4 bn (30 June: CHF 113.5 bn) § Encouraging net new money in Private Banking and Institutional Asset Management § Negative effect through weak US Dollar and Euro General development § Improved market conditions § Revenues and
Slide 11: Well positioned to capture future growth potential
Well positioned to capture future growth potential • Business portfolio optimized • Internal structures aligned • Cost cutting measures implemented (full impact in 2004) è Concentration on core businesses and their profitable growth è Evaluation of new operations platform in order for the Group to e
Slide 12: Suisse romande – an integral part of our Group
Suisse romande – an integral part of our Group § Business operations in Geneva since 1984 and Lausanne 1998 § Staff: Geneva 75, Lausanne 10 § Assets under Management: - more than 10% of Private Banking - about 4% of Institutional Assets § Hub for international Private Banking activities in the Medit
Slide 13: Julius Baer – True to you.
Julius Bar True to you.