0 RESTRICTED | FirstCaribbean International Bank Presentation to - - PowerPoint PPT Presentation

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0 RESTRICTED | FirstCaribbean International Bank Presentation to - - PowerPoint PPT Presentation

May 19, 2023 417 likes •663 views

0 RESTRICTED | FirstCaribbean International Bank Presentation to the Annual General Meeting Rik Parkhill, Chief Executive Officer March 20, 2014 AGENDA Summary Financial Performance Strategic Priorities Community Conclusion 2

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RESTRICTED | FirstCaribbean International Bank

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Presentation to the Annual General Meeting

March 20, 2014 Rik Parkhill, Chief Executive Officer

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  • Summary
  • Financial Performance
  • Strategic Priorities
  • Community
  • Conclusion

AGENDA

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 Economic challenges for the region continued in 2013

  • Overhang from the economic crisis impeded growth
  • Tourism receipts and foreign direct investment are below

pre crisis levels

  • Credit environment reflects the tough economic climate

 CIBC FirstCaribbean’s core franchise remains strong

 Capital asset ratio of 24% – well in excess of statutory

requirements

 Committed to our strategic priorities for growth

SUMMARY

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  • Summary
  • Financial Performance
  • Strategic Priorities
  • Community
  • Conclusion

AGENDA

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FINANCIAL SUMMARY

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Financial Trend 2009 2010 2011 2012 2013 Net Income Adjusted* [US$ millions] 157 117 74 72 30* Earnings per Share Adjusted* [US Cents] 11.2 10.1 4.6 4.4 1.9* Dividends per Share [US Cents] 6.0 6.0 4.5 3.0 3.0 Regulatory Capital 22% 22% 22% 24% 24% 2013 Reported loss 27 million US Dollars 2013 Reported loss per share 1.7 US Cents

* Excludes after tax impact of one time restructuring charge of $35.5 million along with collective allowance for loan losses of $21.6 million

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TOTAL REVENUE AND OPERATING EXPENSES

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530 543 507 563 568 365 348 338 317 320 2013 2012 2011 2010 2009 Expenses Revenue US$ millions Efficiency Ratio: 69%* 56% 56% 67% 64% *

* Excludes one time restructuring charge of $37.6 million (before tax) in 2013

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LOANS AND ADVANCES AND CUSTOMERS DEPOSITS

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6,329 6,832 6,616 6,576 6,905 9,623 9,641 9,415 7,988 8,696 2012 2011 2010 2009 2013 Deposits Loans US$ millions

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LOAN LOSS IMPAIRMENT EXPENSES 151 120 87 73 43 2012 2011 2010 2009 2013

Non-performing loans are too high . . .

US$ millions

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  • Summary
  • Financial Performance
  • Strategic Priorities
  • Community
  • Conclusion

AGENDA

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STRATEGIC PRIOITIES  Cultivating deeper relationship with our clients  Focusing on value for our clients through understanding their needs  Competing in businesses where we can leverage expertise to deliver value  Pursuing risk-controlled growth in the region  Continuously investing in our client base, people and infrastructure

CIBC FirstCaribbean remains committed to our strategic priorities

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VALUE FOR OUR CLIENTS

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 Biz Line Credit card  Medical Professional’s Edge

Extensions to the product portfolio have been well received

 Rewards for Credit Cards  Home Equity Line of Credit

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LEVERAGE OUR EXPERTISE

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We leveraged CIBC’s deep expertise in Infrastructure Arranging and Financing to host a regional infrastructure conference in Nassau, the Bahamas

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INVESTING IN OUR CLIENTS AND INFRASTRUCTURE

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The Bank invested US$ 5 million in a new flagship branch at Warrens, Barbados

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INVESTING IN OUR CLIENTS AND INFRASTRUCTURE

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The Bank invested US$ 5 million in a new flagship branch at Warrens, Barbados

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RISK CONTROLLED GROWTH

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 Focus is on risk management to build a foundation for stronger performance and growth when our economies improve  Investments improve both risk management and customer service

Credit adjudication systems and process improvements embarked on last year are now completed

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Bahamas Barbados Cayman Jamaica 90.7 88.9 91.8 92.8 90.5 81.2 91.7 79.1 88.7 81.1 91.5 76.7 84.6 78.5 91.0 72.7 76.8 73.1 85.7

INVESTING – IN OUR PEOPLE

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The Bank remained focused on sustaining employee commitment and development – Overall Quality of Service survey results demonstrate good progress

 Provided training in- branch, online and in classroom settings

  • customer service
  • risk management
  • credit systems
  • credit management
  • leadership

 Immersion staff assignments with CIBC Canada

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  • Summary
  • Financial Performance
  • Strategic Priorities
  • Community
  • Conclusion

AGENDA

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COMMUNITY PARTNERSHIP

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The Bank maintained community giving despite the challenging economic climate

 Unsung Heroes  Sickkids-Caribbean  Staff volunteerism: Adopt -a-Cause  Walk for the Cure  Caribbean Group of Youth Business Trusts

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  • Summary
  • Financial Performance
  • Strategic Priorities
  • Community
  • Conclusion

AGENDA

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 CIBC FirstCaribbean’s core franchise remains strong

 Capital asset ratio of 24% – well in excess of

statutory requirements

 Bank is well positioned for growth  Our Parent CIBC has been ranked for the second

year running as the strongest bank in North America by Bloomberg Markets  Limited economic growth is expected in 2014

CONCLUSION

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APPRECIATION

Michael Mansoor, Executive Chairman of the Board Emeritus

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RESTRICTED | FirstCaribbean International Bank