Apresentação dos Resultados Click to edit Master title style CGD A Financial Reference in Portugal A Trade Route Connecting Four Continents Investor Presentation February 2015 (2014 unaudited accounts) Investor Relations Office Email: investor.relations@cgd.pt Site: http://www.cgd.pt
| Our Principles LONG TERM COMMITMENT TO THE ECONOMY AND PORTUGUESE SOCIETY BUSINESS FULLY ORIENTED TO CUSTOMER SUPPORT THE CORPORATE SECTOR, NAMELY THE BEST SME PROMOTION OF HUMAN TALENT AND TEAMWORK HIGHEST ETHICAL STANDARDS INNOVATION SOCIAL RESPONSIBILITY AND GLOBAL SUSTAINABILITY Investor Presentation - January 2015 Caixa Geral de Depósitos 2
| Agenda Highlights CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Conclusions Appendix 1 - Comprehensive Assessment Appendix 2 - Economic Update Appendix 3 - CGD Ratings and Consolidated Main Financial Indicators Appendix 4 - Mortgage Covered Bonds Appendix 5 - Sustainability Investor Presentation - January 2015 Caixa Geral de Depósitos 3
| A Financial Reference in Portugal Restructuring Plan for 2013 – 2015 on track • Focus on banking activity. • Increasing emphasis on corporate business and international activity. Strategic Guidelines • Rationalization and improvement of operational efficiency. • Restructuring of Spanish operations. • Strong franchise as a universal bank and a dominant financial group in Portugal. Market Leadership • Extensive network of Banks, branches and representative offices with and Global Reach different organizational structures, stakes and business models, connecting mature and fast growing markets. • #1 market share in deposits with loyal and growing customer base. Funding and • Sound liquidity profile: Retail contributes with 84% of total funding. Liquidity • Continuous reduction of ECB funding. Investor Presentation - January 2015 Caixa Geral de Depósitos 4
| A Financial Reference in Portugal Restructuring Plan for 2013 – 2015 on track • Healthy capital base comfortably above both national and European Solvency regulatory requirements. • Capital ratios above Basel III requirements. • CGD demonstrated its solvency resilience in both baseline and adverse Asset scenarios in the Stress-test. • The impact of the AQR on Dec 2013 CET1 ratio was -0.44 pp. Quality • The Most Valuable Banking Brand in Portugal - distinction of the Brand Finance. Sustainability • Comprehensive sustainability programme, recognised by domestic and international entities which monitor and audit its performance. • 1 st Portuguese Bank with Environmental Certification – APCER (ISO 14001) Investor Presentation - January 2015 Caixa Geral de Depósitos 5
| Agenda Highlights CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Conclusions Appendix 1 - Comprehensive Assessment Appendix 2 - Economic Update Appendix 3 - CGD Ratings and Consolidated Main Financial Indicators Appendix 4 - Mortgage Covered Bonds Appendix 5 - Sustainability Investor Presentation - January 2015 Caixa Geral de Depósitos 6
| CGD Group Overview Group Overview Loans and Advances to Customers Market Share – Portugal (Nov 2014) • Established in 1876 and fully owned by the Portuguese State. % 26.5% • 21.4% Strong franchise as a universal Bank and a 17.8% dominant financial group in Portugal. • Leading position in the retail market with 4 million customers in Portugal and assets in excess of 100 B € . Corporate Individual Total Credit (Mortgage) • Total network of 1,246 branches connecting Deposits from Customers developed countries with the fast growing Market Share – Portugal (Nov2014) economies around the world, from which: % 787 in Portugal and; 459 branches abroad. 32.4% 28.6% • Largest international platform among Portuguese banks: 23 countries 4 continents. 12.6% • CGD Banking Brands with the Best Reputation - Reputation Institute. Corporate Individual Total Deposits Investor Presentation - January 2015 Caixa Geral de Depósitos 7
| CGD Group Overview Vying for High Growth Markets GDP Growth 7.8% Mozambique China 7.0% Angola 6.0% Cape Verde 2.7% South Africa 2.4% Brazil 2.0% France 1.1% 1.0% Spain Annual average of GDP projected growth rate spanning the period from 2012 to 2019: % Source: IMF Investor Presentation - January 2015 Caixa Geral de Depósitos 8
| CGD Group Overview Global Reach Retail Banking Wholesale & Investment Banking South Africa - Banco Mercantile • Angola - Banco Caixa Geral Totta Angola • • Brazil - Banco Caixa Geral Brasil Cape Verde - Banco Comercial Atlântico and • EUA - Branch of New YorK • Banco Interatlântico United Kingdom - London Branch • • Spain - Banco Caixa Geral • Cayman Islands - Branch of Cayman Islands • France - Branch of France • Luxembourg - Branch of Luxembourg Mozambique - Banco Comercial e de • Investimentos São Tomé e Príncipe - Banco Internacional de S. • Tomé e Príncipe East – Timor - Branch of Timor • Non – Residential Banking Other International Business Germany - Representative Office CGD • • Algeria - Business Delegation • Belgium - Representative Office CGD • China - Branch of Zuhai, Representative Office • Canada - Representative Office CGD Shanghai • Macao - Offshore • India - Representative Office of Mumbai and Pagim (Goa) • Switzerland - Representative Office CGD Mexico - Representative Office BCG • Venezuela - Representative Office CGD and BCG • Investor Presentation - January 2015 Caixa Geral de Depósitos 9
| CGD Group Overview Diversifying Resource Taking International Activity Contribution Credit Geographic Distribution Deposits Geographic Distribution % % Other Other Spain 9% 10% 15% Spain 29% PALOP* 18% PALOP* France 26% December 14 December 14 16% Asia France 17% 26% Asia 34% (*) Portuguese Language Speaking African Countries (*) Portuguese Language Speaking African Countries In terms of credit, Spain and France are the main contributors. International operations contributed significantly to resource taking, with special reference to the operations in Asia, Africa and Spain together with France. Investor Presentation - January 2015 Caixa Geral de Depósitos 10
| Agenda Highlights CGD Group Overview Funding and Liquidity Solvency Asset Quality Business Performance Summary Conclusions Appendix 1 - Comprehensive Assessment Appendix 2 - Economic Update Appendix 3 - CGD Ratings and Consolidated Main Financial Indicators Appendix 4 - Mortgage Covered Bonds Appendix 5 - Sustainability Investor Presentation - January 2015 Caixa Geral de Depósitos 11
| Funding and Liquidity Deposits as the Major Funding Contributor Funding Structure – Balance Sheet % Central Banks + CI resources 7% Institutional (Bonds + CP) + CoCos 9% Retail December 14 84% Robust funding structure reflecting a dominant retail contribution (deposits and other retail instruments), due to a large and stable customer base: • 3/4 of deposits hail from households; • 2/3 of deposits are term and savings deposits. Investor Presentation - January 2015 Caixa Geral de Depósitos 12
| Funding and Liquidity Strong Deposit Base Deposits Evolution B € 64.0 66.7 67.6 70.7 60.2 15.3 13.3 14.6 11.6 9.9 Domestic Market International 55.4 52.4 53.4 53.1 50.3 2010 2011 2012 2013 2014 Source: BoP Monetary and Financial Statistics Caixa continues to enjoy the trust of its customers, confirmed by the sustained growth in deposits, mostly driven by households. Investor Presentation - January 2015 Caixa Geral de Depósitos 13
| Funding and Liquidity Loans-to-Deposits Ratio Loans-to-Deposits Ratio % Loans-to-Deposits Ratio Evolution 136.0% The Loans-to-Deposits 122.2% Ratio, measured by net 112.0% 103.6% credit to customer 94.5% deposits, at 94.5%, in line with the established goals from the Economic and Financial Assistance Programme. 2010 2011 2012 2013 2014 A deleveraging process and low economic activity have contributed to the ratio decrease since 2010. Investor Presentation - January 2015 Caixa Geral de Depósitos 14
| Funding and Liquidity Ample Available Collateral Pool ECB Funds used by CGD Group and Available Collateral Pool M € 10,106 5,444 10,701 Available 8,702 Used 7,806 8,959 1,920 Used-TLTRO 7,332 1,090 1,270 1,090 6,495 5,245 4,995 1,520 4,195 2,955 1,591 2011 2012 2013 Mar-14 Jun-14 Dec-14 ECB borrowings trending downwards to € 3,110 million at the end of December (consolidated) as opposed to € 5,285 million at the end of first half 2014. Investor Presentation - January 2015 Caixa Geral de Depósitos 15
| Funding and Liquidity Available Collateral Pool Covers Upcoming Maturities CGD’s Wholesale Redemptions Calendar (Outstanding as of December 2014) M € 2,230 1,047 1,029 845 780 526 467 2015 2016 2017 2018 2019 2020 >=2021 Low annual redemptions relative to CGD Group total funding resources. Investor Presentation - January 2015 Caixa Geral de Depósitos 16
Recommend
More recommend
