Banca IFIS Group: 2011 results 1 1 Banca IFIS Group Brands and - - PowerPoint PPT Presentation

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Nov 30, 2023 28 likes •158 views

Banca IFIS Group: 2011 results 1 1 Banca IFIS Group Brands and Divisions of the Group: Banca IFIS : support to trade receivables of SMEs in the domestic market Banca IFIS International: support to companies expanding abroad or foreing

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Banca IFIS Group: 2011 results

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Banca IFIS Group

Brands and Divisions of the Group: Banca IFIS : support to trade receivables of SMEs in the domestic market Banca IFIS International: support to companies expanding abroad or foreing companies with Italian customers Banca IFIS Pharma: big enterprises trade receivables supplying LHA Toscana Finanza: gathers all the activities of the BU

perating in the non-performing loans sector

Fast Finance: gathers all the activities of the tax- receivables sector

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Highlights

Group KPI 2011 2010

ROE 12,6% 10,9% Credit quality cost 1,9% 1,9% Cost/income ratio 39,1% 42,5% Solvency 10,8% 11,3% Core Tier 1 11,2% 11,5%

1.000

2.000 3.000 4.000 5.000 6.000 dic-07 dic-08 dic-09 dic-10 dic-11

Turnover

1,0% 1,5% 2,0% 2,5% 2007 2008 2009 2010 2011

Net Banking Income / Turnover

2,4%

Core business

4643

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Net Banking Income

121,5 million euro (94,4 mln in 2010)

+28,6% = change 2011 vs 2010

Contribution from NPL and Tax Receivables July – December 2011 : 11,3 million euro

50,0 70,0 90,0 110,0 130,0 dic-07 dic-08 dic-09 dic-10 dic-11

Net Banking Income

5 10 15 20 25 30 35 40

Net banking income by quarter

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Net Result of Financial Operations

89,3 million euro (70,0 mln in 2010)

+27,6% = change 2011 vs 2010

Contribution from NPL and tax receivables

July-December 2011

9,7 million euro

40 50 60 70 80 90 100 dic-07 dic-08 dic-09 dic-10 dic-11

Net result of Fin. Op.

10 12 14 16 18 20 22 24 26 28

Net Result of Fin. Op. by quarter

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20 40 60 80 100 120 140 Net Banking income net provisions SGA taxes Net Profit

Net Profit

26,5 million euro (18,6 mln in 2010)

+42,5% = change 2011 vs 2010

15,0 17,0 19,0 21,0 23,0 25,0 27,0 29,0 dic-07 dic-08 dic-09 dic-10 dic-11

Net Profit 121,4 32,1 47,5 15,3 26,5

1 3 5 7 9

Net Profit generation by quarter

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Balance sheet – Asset structure

Loans to customers

1.722,5 million euro

+9,6% change 2011 vs 2010

Due from banks

315,9 million euro +38,5% change 2011 vs 2010

400 600 800 1.000 1.200 1.400 1.600 1.800

2007 2008 2009 2010 2011

Loans to customers

Assets available for sale

1.685,2 million euro

+105,9% change 2011 vs 2010

Portfolio of securities held 1781,7 million euro 43% 44% 8% 5%

Main asset categories

Assets available for sale Due from customers Due from banks Other assets

Of which 161,5 million TF Group

Privates 72,2% LHA 27,8%

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Due to Customers LFL

Due to customers

1.646,8 million euro

+4,8% change 2011 vs 2010

Incidence deteriorated assets

n net total

receivables=

11,6% vs 14,1% Incidence NPL/ net total receivables= 4,0% vs 2,4%

50 100 150 200 250 Sofferenze Incagli Ristrutturate Scadute Totale

Deteriorated assets LfL

31/12/2010 31/12/2011

+72% +3%

46%
13,6%
58%

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Securities Portfolio

1.781,7 million euro (31.12.2011)

Issuer up to 3 months from over 3 to 6 months from over 6 months to 1 year from over 1 year to 5 years from over 5 to 10 years Total

Government bonds 316,1 381,7 497,4 272,9 58,6 1.526,7

% on total 17,7% 21,4% 27,9% 15,3% 3,3% 85,6%

Banks 55,9 47,0 18,2 122,2

243,3

% on total 3,1% 2,7% 1,0% 6,9% 0,0% 13,7%

Other issuers 10,9

1,0
11,9

% on total 0,7% 0,0% 0,0% 0,0% 0,0% 0,7%

Total 383,0 428,7 515,6 396,0 58,6 1.781,9

% on total 21,5% 24,1% 28,9% 22,2% 3,3% 100% DEBT SECURITIES PORTFOLIO CONSISTENZE

Var.%

31.12.2011 31.12.2010 % DEBT SECURITIES INCLUDED : Available for sale financial assets 1.670,9 805,0 107,6% Receivables due from banks- bonds 110,8 96,5 14,8% Financial Assets detenute per la negoziazione 0,2 0,3 (35,8)% Total securities in portfolio 1.781,9 901,9 97,6%

+ 570 million securities bought before year end not accounted by 31.12.2011

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Balance sheet – Funding structure

rendimax – on line deposit account

1.555,9 million euro

+22,8% change 2011 vs 2010

Wholesale funding

49,1 million euro

89,5% change 2011 vs 2010

Wholesale funding

2.001,7 million euro due to banks

+166% change 2011 vs 2010

55% 45%

Total Founding

Due to banks Due to customers 44% 1% 51% 4%

Total funding breakdown

Retail (Due to customers) MTS (Repos)(Due to customers) Repos (Due to banks) Interbank deposits (Due to banks)

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2011 in breve

www.bancaifis.it Profits highly increasing Strong liquidity Excellent results in the Bank core business della Net Banking Income/ Turnover = 2,4% The new companies acquired are being integrated (business combination 30 giugno 2011) Great operational flexibility in a context of high unpredictability Dividend submitted to Shareholders’ Meeting: 0,25 euro per share, payout ratio 49,8%

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2012 Outlook

www.bancaifis.it Growth of the loans in the core business Strengthening of the equity thanks to the profits generated by the bonds portfolio, which are not distributed Strengthening of the Bank’s liquidity thanks to the launch of the new bank account Higher penetration in the pharmaceutical-industrial segment Boost of profits

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Interactive Financial Statements