HCFB 3M 2018 financial results

Transcription

1 HCFB 3M 2018 financial results 30 May

2 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 questionand-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

3 Financial highlights consolidated Summary of 3M 2018 performance: Strong profitability net profit amounted to RUB 3,4 bn in the first quarter; Credit risk remained at a low level with the share of non-performing loans (NPL) to gross portfolio arriving at 4,0%; New business volumes increased 30,9%, loan book grew 3% during the reporting period; Strong capital position statutory standalone N1.0 ratio amounted to 15,4%; The bank continued to adhere to a conservative approach in liquidity management liquid assets comprised 23,5% of the total assets as at 31 March Statement of Profit or Loss, RUB bn 3M18 3M17 Change, % Net interest income 8,4 7,2 16,6% Net fee and commission income 1,7 2,1-21,0% Operating income 10,2 9,3 8,7% Net income 3,4 3,3 3,5% NIM 12,5% 13,6% -1,1 p.p. ROE 25,4% 29,2% -3,8 p.p. Cost / Income 47,4% 48,3% -0,9 p.p. Cost of risk 2,0% 1,5% 0,5 p.p. Statement of Financial Position, RUB bn 3M Change, % Total assets 297,5 296,2 0,4% Cash and cash eqv 19,4 23,0-15,9% Loans to customers (net) 214,5 208,2 3,0% Deposits and current accounts 198,4 192,9 2,8% Total equity 55,2 52,9 4,4% Deposits to liabilities ratio 81,9% 79,3% 2,6 p.p. Loan to deposit ratio 108,1% 107,9% 0,1 p.p. Source: HCFB IFRS financials 3

4 Business highlights Russia (1) Net profit, RUB bn Loan book (net), RUB bn Source: HCFB IFRS financials Key business developments: All products of the Bank, including those granted online, delivered growth in the first quarter; Increased volume of cards transactions; POS-online volume growth; More partners joined the Shopping Card program; Increased share of online component: about 2 million customers regularly use our online services. Source: HCFB IFRS financials Gross portfolio, RUB bn HCFB's share HCFB's # Total unsecured loans ,0% 5 POS loans ,4% 1 Cash loans ,3% 6 Credit cards ,2% 12 Deposits&CA ,7% 17 Source: Frank Research Group as of 3M 2018 Note: Henceforth all data includes information about operations in Russia only 4

5 Business highlights Russia (2) Share of full distance cash loans volumes POS online business volumes, RUB mn Share of active customers using online services Debit cards transactions volumes, RUB bn Source: Management data 5

6 Retail banking market Russia POS loans gross portfolios Cash loans gross portfolios Credit cards gross portfolios Term deposits and current accounts Source: Frank Research Group as of 3M

7 Operating income structure Russia Interest income, RUB bn Interest expense, RUB bn Net interest income, RUB bn & NIM, % Operating income, RUB bn Source: HCFB IFRS financials 7

8 Operating efficiency & loan portfolio quality Russia Operating expenses, RUB bn Impairment allowance, RUB bn Cost-to-income & OPEX/average net loans Cost of risk & NPL dynamics Source: HCFB IFRS financials 8

9 Asset structure & product mix - Russia Asset structure, RUB bn Retail loan book, RUB bn Retail loan book breakdown 3M 2018 Source: HCFB IFRS financials 9

10 Retail deposits & current accounts Russia Retail term deposits, RUB bn Debit cards balance, RUB bn Retail deposits and current accounts have emerged as a Deposits to liability ratio & loan to deposit ratio stable source of RUB funding accounting for 85% of total liabilities; Granular deposit base: more than 90% of funds is covered by state-owned Deposit Insurance Agency; HCFB achieved debit cards balance growth. Source: HCFB IFRS financials and management data 10

11 Liquidity, funding & capital position Russia Liabilities structure Strong liquidity profile 3M 2018 HCFB has maintained stable capital adequacy levels Source: HCFB IFRS and RAS financials 11

12 Investor Relations Contact Details Bulat Zogdoev Head of Investor Relations