ONE DAY IN VENICE - 3 Edition

Transcription

1 ONE DAY IN VENICE - 3 Edition 1

2 Who we are 2

3 Financial support of SMEs WC Purchase, management and collection of NPLs Purchase, management and collection of Tax Receivables Retail funding: Rendimax on-line savings account The main core business areas Loans to customers: 2124,6 million Euro (+23,3%) Rendimax funds: 2731,4 million Euro (+75,6%) 3

4 The Group s brands and divisions The brands and divisions through which the Group operates are: Banca IFIS : dedicated to backing the trade receivables of small and medium-sized enterprises operating in the Italian market Banca IFIS International: lending support to companies expanding abroad or based abroad and working with Italian customers Banca IFIS Pharma: backing trade receivables Toscana Finanza: brings together all the activities of the BU operating in the non-performing loans sector Fast Finance: focuses on the tax receivables sector 4

5 Track record of impressive growth CAGR Turnover 19% Net banking income 20% Net profit 27% Equity 20% and even further growth in the first nine months of 2012 Net banking income: 167,6 million Euro (+100,0%) Equity: 284,0 million Euro (+44,7%) Net profit: 57,8 million Euro (+175,5%) Funding: 6.994,7million Euro (+91,2%) 5

6 The reference market for SMEs in Italy Trade receivables 311 bn (+1,6%) Factoring 45 bn (+12,0%) Banca IFIS 1,6 bn Source: Assifact 6

7 Stock NPL- Billions of Euro The reference market for NPLs 120 Banking gross non performing loans May Source: PwC based on ABI data From 2008 to May of 2012 CAGR: + 33% 7

8 Our presence in Italy SMEs 28 branches spread out throughout Italy 4 NPL processing centres 50 debt collection companies NPLs 90 directly employed specialists who manage and develop customer relations 10 law firms A network of agreements with Banks, Cooperatives and Local banks 20 collaboration agreements with 49 specialists FF 8

9 Our international presence 1 subsidiary in Poland 3 representative offices in Hungary and Romania 1 JV in India 167 signed agreements with 56 FCI correspondents 9

10 ONE DAY IN VENICE - 3 Edition 10

11 Net Banking Income (In millions of Euro) 167,6 (84,3 mln at ) +100,0% = increase in first 9 months 2012 Vs first 9 months of 2011 Trade Recs NPLs Tax Recs G&S Total Sept-11 50,0 3,9 0,7 29,3 83,8 Sept-12 79,1 13,2 2,1 73,3 167,6 Change 29,1 9,3 1,4 44,0 83,8 Change in % 58,1% 241,6% 211,2% 150,2% 100,0% 3Q ,7 3,9 0,7 14,5 32,8 3Q ,3 3,1 1,0 24,9 60,3 Change 17,6-0,7 0,3 10,4 27,5 Change in % 128,5% -18,7% 42,6% 71,3% 84,0% Trade receivables sector: Customers +12% Turnover = 3,597,7 +0,3% Focus on micro-enterprises Trade Receivables Sector KPIs 9 months months 2011 Net banking income/ Turnover 2,2% 1,4% NPL and tax receivables sectors: Comparison not applicable: Merger of TF and FF in 2011 took place at the beginning of July. 11

12 Net Profit from Financial Activities (in millions of Euro) 140,1 (64,9 mln at ) +115,9% = increase in first 9 months of 2012 Vs first 9 months of 2011 Net impairment losses equal to 27,6 Vs 18,9 in first 9 months (3rd Q 12,7 in 2012 Vs 7,5 in 2011) Group KPIs Cost of credit quality 9 months months ,2% 1,9% Trade Recs NPLs Tax Recs G&S Total Sept-11 31,7 3,2 0,7 29,3 64,9 Sept-12 54,4 13,0 2,0 70,6 140,1 Change 22,7 9,8 1,3 41,3 75,2 Change % 71,7% 304,6% 189,1% 141,2% 115,9% 3Q ,9 3,2 0,7 14,5 25,3 3Q ,7 3,1 0,9 24,9 47,6 Change 11,9-0,1 0,2 10,4 22,3 Change % 173,3% -4,5% 27,4% 71,3% 88,1% 12

13 Net Profit (Millions of Euro) ,8 (21,0 mln at ) +175,5% = increase in first 9 months of 2012 Vs first 9 months of Group KPIs Cost of credit quality 9 months months ,2% 1,9% Cost/income ratio 30,6% 39,2% Tax rate 34,8% 35,1% 0 Net Banking income Impairment Operating Costs Taxes Profit for period 13

14 Statement of Financial Position - Loans Millions of Euro Due from customers 2.121,6 +23,3% increase at Vs 2011 of which 88 mln NPLs 83 mln Tax Receivables Total assets 7.399,2 Loan Breakdown 7% 2% OTHER financial assets (AFS + HTM) 4,612,7 Due from banks Portfolio of Italian Government Bonds 4.462,3 million Euro 536,1 +69,7% increase at 30,09,2012 Vs % 62% Financial assets Due from customers Due from banks Other assets 14

15 Credit quality Due from customers 2.121,6 million Euro Discontinuity: from 1/1/2012 max 90 days (not days) to define overdue loans Non performing loans breakdown Impaired assets / Total net assets = ,4% vs 16,1% Default Loans Substandard Loans 8 4 Rescheduled Loans Overdue Loans Total Non performing loans/ Total net assets = 3,8% vs 2,7% 30/09/ /12/

16 Portfolio of debt securities Up to 3 months from 3 to 6 months from 6 months to 1 year from 1 to 5 years from 5 to 10 years Total Total 652,8 203,8 1578,9 2,106,0 71, ,7 % on total 14,2% 4,4% 34,2% 45,7% 1,5% 100% PORTFOLIO OF DEBT SECURITIES AMOUNT Change% % DEBT SECURITIES INCLUDED UNDER: Available for sale assets 1.571, ,9-6% Held to maturity assets 2.983,1 - n.a. Due from banks - bonds 58,3 110,8-47,4% Held for trading assets 0,2 0,2-100,0% Total securities in portfolio 4,612, ,9 158,9% 16

17 Statement of Financial Position - Funding Millions of Euro Rendimax savings account 2.731,4 +75,6% increase at Vs 2011 Total funding: 6.994,7 Wholesale funding 555,3 due to banks -72,3% Vs 2011 Wholesale funding repurchase agreements with underlying government bonds and the Cassa di Compensazione e Garanzia as counterparty 17

18 New channels for visibility and on-line development MondoPMI A new way to talk about credit, financing for enterprises and related news. 18