Presentation to the FirstCaribbean Group Annual General Meeting - - PowerPoint PPT Presentation

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Presentation to the FirstCaribbean Group Annual General Meeting - - PowerPoint PPT Presentation

Nov 24, 2023 165 likes •362 views

Presentation to the FirstCaribbean Group Annual General Meeting John D. Orr , CEO 2009 March 26 Agenda Summary Strategy Performance Metrics Operating Performance Conclusion 2 Summary FirstCaribbeans core franchise

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Presentation to the FirstCaribbean Group Annual General Meeting

John D. Orr , CEO 2009 March 26

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Agenda

  • Summary
  • Strategy
  • Performance Metrics
  • Operating Performance
  • Conclusion
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Summary

 FirstCaribbean’s core franchise remains strong

 Credit rating of A minus affirmed by Standard and Poors  Capital asset ratio of 20% – well in excess of statutory

requirements

 Winner of banking awards

 Bank of the Year in the Bahamas, The Banker Magazine  Bank of the Year in Barbados, The Banker Magazine  Best Bank in Barbados, Euro Money magazine

 Majority owned by CIBC, one of the most well capitalised banks in Canada with a 10.1% Tier 1 capital ratio

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Agenda

  • Summary
  • Strategy
  • Performance Metrics
  • Operating Performance
  • Conclusion
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Balance Sheet Management Client Value

Strategy

Diversification Productivity and Control CIBC Partnership

  • Enhance the relationships, service and

products we deliver to clients to enable increased earnings and return on capital

  • Diversify our income streams and geographic

footprint

  • Shift risk profile to optimise return for risk

taken

  • Improve our productivity – reengineer inefficient

processes to improve service quality and control

  • Leverage our relationship with CIBC

The bank’s refreshed strategy has five key elements

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Agenda

  • Summary
  • Strategy
  • Performance Metrics
  • Operating Performance
  • Conclusion
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Customer

 Helpful Partner program embedded – staff living our universal service standards  Branch network optimisation

  • ngoing – new branch opened in

Liguanea, Jamaica  firstcaribbeanbank.com website upgraded  Internet banking performance enhanced

68 74 2007 2008

Customer Satisfaction Index Percent

The bank continues to improve customer experience

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Our People

69 73 2007 2008 Employee Satisfaction Index Percent

The bank continued its investment in learning and development

 Leadership development  Core banking training  Executive Development Programme with the Wharton School of Business

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Community Partnership

The bank again invested 1% of pre-tax profit – $1.9 million in community causes

Community Retalions 35% Unsung Heroes 24% UWI MOU 14% Hurricane Relief 6% Birthday Gift 6% Youth Business Trust 4% Caribbean Junior Achievement 4% Adopt-a-cause 3% Other 4%

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Agenda

  • Summary
  • Strategy
  • Performance Metrics
  • Operating Performance
  • Conclusion
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Financial Summary

Net Income Earnings per Share Loan Growth US$175.3 Million US 11.5 cents 12% Regulatory Capital 20%

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Return on Tangible Equity

17.5 21.5 19.9 17.0 11.9 2004 2005 2006 2007 2008

Percent * Excludes gain on the sale of Republic Bank Shares and restated. ** The 2006 numbers have been restated *** Excludes gain of on VISA transaction and IAS19 release

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11.5 13.3*** 10.4** 9.0* 5.8 2004 2005 2006 2007 2008

Earnings per Share

US Cents * Excludes gain on the sale of Republic Bank Shares and restated. ** The 2006 numbers have been restated *** Excludes gain of on VISA transaction and IAS19 release

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Total Revenue and Operating Expenses

385 492 550 262 262 295 302 314 426* 554** 2004 2005 2006 2007 2008 Revenue Expenses

US$ millions * Excludes gain on the sale of Republic Bank Shares $117 million ** Excludes VISA gain of $52 million

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68 57 57*** 58** 61* 2004 2005 2006 2007 2008

Productivity – Cost to Income Ratio

Percent * Excludes gain on the sale of Republic Bank Shares and restated. ** The 2006 numbers have been restated *** Excludes gain of on VISA transaction and IAS19 release

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Loans and Advances to Customers and Customer Deposits

3,958 4,631 5,631 6,079 6,814 7,360 7,729 9,276 9,196 9,136 2004 2005 2006 2007 2008

Loans Deposits

US$ millions

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0.46 0.28 0.18 0.16 0.38 2004 2005 2006 2007 2008

Risk Management – Loan Loss Expense to Loan Ratio

Percent

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Regulatory Capital

14 17 17 20 2007 2008 Tier 1 Tier 2

Statutory Minimum Capital Standards

  • Tier 1: 4%
  • Tier 2: 8%

Percent

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Summary

 FirstCaribbean’s core franchise remains strong

 Credit rating of A minus affirmed by Standard and Poors  Capital asset ratio of 20% – well in excess of statutory

requirements

 Winner of banking awards

 Bank of the Year in the Bahamas, The Banker Magazine  Bank of the Year in Barbados, The Banker Magazine  Best Bank in Barbados, Euro Money magazine

 Majority owned by CIBC, one of the most well capitalised banks in Canada with a 10.1% Tier 1 capital ratio