HCFB conference call 1H 2017 financial results Yuriy Andresov CEO Irina Kolikova CFO, Deputy Chairman of the Board of Directors Bulat Zogdoev Head of Investor Relations 29 August 2017 1
Disclaimer "IMPORTANT: You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by [Home Credit & Finance Bank] (the "Bank") or any person on behalf of the Bank, and any question- and-answer session that follows the oral presentation (collectively, the "Information"). In accessing the Information, you agree to be bound by the following terms and conditions. The Information is not intended for potential investors and does not constitute or form part of, and should not be construed as an offer or the solicitation of an offer to subscribe for or purchase securities of the Bank, and nothing contained therein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the Information or the opinions contained therein. The Information applies only as of the date of this document and is not intended to give any assurances as to future results. The Bank expressly disclaims any obligation or undertaking to disseminate any updates or revisions to the Information. Market data used in the Information not attributed to a specific source are estimates of the Bank and have not been independently verified. The Information is not intended for publication or distribution, directly or indirectly, in or into the United States or to any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). The Information is provided for information purposes only and is not, and must not be viewed as, an offer to buy, or solicitation of an offer to sell, securities in the United States or in any other jurisdiction." 2
Financial highlights – consolidated Statement of Profit or Loss, RUB bn 1H17 1H16 Change, % Summary of 1H 2017 performance: Net interest income 14,6 14,1 3,3% • Growing profitability – net income Net fee and commission income 4,8 5,3 -10,6% achieved RUB 7,2 bn; Operating income 19,4 18,9 3,0% Net income 7,2 1,7 309,8% • Improved risk metrics – NPLs (90d+) NIM 13,6% 13,9% -0,3 p.p. dropped to 4,6%; ROE 31,2% 8,9% 22,2 p.p. Cost / Income 46,5% 47,3% -0,8 p.p • Continuous reduction in interest expenses by 12%; Cost of risk 1,6% 9,1% -7,5 p.p. Statement of Financial Position, RUB bn 1H17 2016 Change, % • Business volumes grew 24%, especially in Total assets 239,3 237,6 0,7% cash loans, driven by better CRM process; Cash and cash eqv 23,4 23,1 1,2% Loans to customers (net) 177,4 170,9 3,8% • Strong liquidity and capital position – Deposits and current accounts 154,6 155,7 -0,7% statutory N1.0 ratio amounted to 15%; Total equity 46,9 43,8 7,1% NPL 90+ / Gross loans 4,6% 6,0% -1,4 p.p. • Rated BBB+ Stable by RA Expert. Deposits to liabilities ratio 80,4% 80,3% 0,1 p.p. Total CAR 27,1% 27,1% 0,0 p.p. Source: HCFB consolidated IFRS financials 3
Business highlights – Russia (1) Net profit, RUB bn Loan book (net), RUB bn Key business developments: Gross portfolio, RUB bn HCFB's share HCFB's # • Logo rebranding - the best partner for shopping; Total unsecured loans 5 718 2,8% 7 • Launch of shopping card – installment card for purchases at POS loans 207 23,2% 1 any store both in Russia and worldwide; Cash loans 4 272 2,2% 7 • Launch of marketplace – first online platform on the Russian Credit cards 1 239 1,4% 11 market for buying goods in installments; Deposits&CA 24 672 0,6% 23 • Polza - best loyalty banking program according to Loyalty Awards Russia 2017. Note: Henceforth all data includes information about operations in Russia only 4
Business highlights – Russia (2) Share of online cash loans volumes POS online business volumes, RUB mn Share of online users among active customers Debit cards transactions volumes, RUB bn 5
Operating income structure – Russia Interest income, RUB bn Interest expense, RUB bn -9,6% -20,1% Net interest income, RUB bn & NIM, % Operating income, RUB bn 6
Operating efficiency & loan portfolio quality Operating expenses, RUB bn Impairment allowance, RUB bn Cost-to-income & OPEX/average net loans Cost of risk & NPL dynamics 7
Asset structure & product mix Asset structure, RUB bn Retail loan book, RUB bn Retail loan book breakdown 1H17 8
Retail deposits & current accounts Debit cards balance, RUB bn Retail term deposits, RUB bn Deposits to liability ratio & loan to deposit ratio Retail deposits and current accounts have emerged as a • stable source of RUB funding accounting for 82% of total liabilities; Granular deposit base: more than 90% of funds is covered • by state-owned Deposit Insurance Agency; HCFB achieved stable debit cards balance. • 9
Liquidity, funding & capital position Higher reliance on deposits lead to lower refinancing risks Strong liquidity profile 1H17 HCFB has maintained stable capital adequacy levels 10
Q&A session HCFB Investor Relations ir@homecredit.ru +7 495 721 10 34 11
Recommend
More recommend
