Results Analyst s Appendix. Madrid, July 31 th, 2015

Transcription

1 Results Analyst s Appendix Madrid, July 31 th, 2015

2 Disclaimer This presentation has been prepared by Banco Popular Español solely for informational purposes, It may contain estimates and forecasts with respect to the future development of the business and to the financial results of the Banco Popular Group, which stem from the expectations of the Banco Popular Group and which, by their very nature, are exposed to factors, risks and circumstances that could affect the financial results in such a way that they might not coincide with such estimates and forecasts, These factors include, but are not restricted to: (i) changes in interest rates, exchange rates or any other financial variables, both on the domestic as well as on the international securities markets, (ii) the economic, political, social or regulatory situation, and (iii) competitive pressures, In the event that such factors or other similar factors were to cause the financial results to differ from the estimates and forecasts contained in this presentation, or were to bring about changes in the strategy of the Banco Popular Group, Banco Popular does not undertake to publicly revise the content of this presentation, The information contained in this presentation refers to the date that appears on it, and it is based on information obtained from reliable sources, This presentation contains summarized information and may contain unaudited information, In no case shall its content constitute an offer, invitation or recommendation to subscribe or acquire any security whatsoever, to make or cancel any kind of investments, nor it is intended to serve as a basis for any contract or commitment whatsoever, Its content shall not be considered as any kind of advice, Banco Popular Group does not assume any responsibility for the losses, direct or indirect, which could derive from the use of this document or its content, This document shall not be reproduced, distributed or published, not whole not partially, without the previous written consent of the Bank, 2

3 Jun-15 Sep-15 Dec-15 Mar-15 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 ALM Portfolio & interest rate yield curve, Banco Popular maintain its ALM conservative strategy ALM Portfolio Euribor, Interest rate yield curve, Implicit (%) ( Million) Mar 15 Jun 15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Sovereign Debt 18,232 15,655 Spain 16,752 14,009 USA Italy Portugal Non sovereign 6,519 5,796 Total Available for Sale (A) 24,750 21,451 Total Loans (B) 1,564 1,475 Total Held to Maturity (C) - - Total Portfolio (A+B+C) 26,314 22,926 (1) 0,8 0,7 0,6 0,5 0,4 0,3 0,2 0,1 0,0-0,1 Euribor 12M rolling average Euribor 3M rolling average (1) Gross yield securities portfolio 1,27% Duration (including swaps) 0,96 years Contribution to NII 12% 3

4 Loan exposure by segment, Total portfolio shows a slightly growth supported by an increasingly new production in SMEs Gross loans (ex-repos) exposure by segment evolution ( Million) jun-14 mar-15 jun-15 QoQ YoY Lending to construction & Real Estate purposes 19,424 17,546 16,643-5,15% -14,32% Public works 2,386 2,044 2,002-2,06% -16,09% Corporates ex-real Estate 10,507 11,127 11,039-0,79% 5,06% SMEs ex- Real Estate 31,462 31,578 31,887 0,98% 1,35% Individuals with mortage collateral 24,086 23,662 23,706 0,19% -1,58% Individuals with other collaterals ,07% -16,74% Individuals rest 2,252 2,249 2,279 1,32% 1,18% Rest 13,903 14,015 14,748 5,23% 6,08% Total gross loans group (Ex-repos) 104, , ,358 0,08% -1,66% New gross production by segment evolution ( Million) 2Q14 3Q14 4Q14 1Q15 2Q15 QoQ YoY Individuals ,92% 38,56% SMEs 2,947 2,641 3,860 3,557 3,563 0,16% 20,90% Corporates 1,226 1,195 2,269 1,379 1,015-26,36% -17,20% Public administration ,16% -67,32% Rest ,62% 156,42% Total new production 5,516 4,635 7,168 5,729 6,310 10% 14% 4

5 Asset quality evolution and Provision Charges Non performing & Doubtful loans evolution ( Million) 2Q14 3Q14 4Q14 1Q15 2Q15 NPLS + Doubtful loans for objective reasons (1) 17,627 16,851 16,709 16,919 16,809 Doubtful loans for subjective reasons 3,409 3,691 3,463 2,711 2,356 Total 21,036 20,542 20,172 19,630 19,165 NPL ratio 13,97% 13,85% 13,78% 13,32% 13,24% o/w NPL 11,71% 11,37% 11,42% 11,48% 11,61% o/w Doubtful loans 2,26% 2,48% 2,36% 1,84% 1,63% NPLs with mortgage guarantee 73% 74% 73% 71% 74% NPLs without mortgage guarantee 27% 26% 27% 29% 26% 12% of NPLs are doubtful for subjective reasons (1) Performing companies under Chapter 11 Provision charges for loans & RE assets 2Q14 3Q14 4Q14 1Q15 2Q15 Specific + Country risk+ Equity stakes & others Countercyclical Provisions for loans and others (A) Provisions for loans foreclosed assets (goodwill included) (B) Total provisions for loans and RE assets (A+B)

6 BoS Transparency exercise (I) Exposure to developers Lending to construction and RE: breakdown by type Personal guarantee Finished building Buildings under construction Developed land Other land General Corporate purposes with mortgage collateral Real Estate lending % of total 60% 9% 31% 16,643 9,954 1,552 5,137 1,24% 22,48% 14,74% 10,58% Total exposure NPLs Substandard (watch list) Total coverage Exposure 8,35% Buildings 50,97% ( Million) 1Q15 2Q15 Loans 17,546 16,643 42,62% Total provisions on B/S 4,496 4,231 Write-offs 1,705 1,702 Total provisions 6,201 5,933 6

7 BoS Transparency exercise (II) RE foreclosed assets Foreclosed assets: detail & coverage 2Q15 Foreclosed assets (net amount) (1) 8,828 Provisions 5,847 Coverage 40% (1) Spain, Including financial stakes Foreclosed assets: split by origin Foreclosed assets from lending to construction & RE purposes Foreclosed asstes: rest Foreclosed asstes from retail mortgages Capital instruments 19% 10% 2% 69% Foreclosed assets: split by type of collateral Finished buildings Land 3% 2% Buildings under construction Capital instruments 42% 53% 7

8 Real Estate sales evolution Total RE sales 3,0x Total units sold 3,8x ,503 Land sales +98% 1,172 2,344 1H H H15 1H15 ann. 1,128 3,327 2,834 7,601 6,300 12,600 1H H H15 1H15 ann. Institutional sales +95% 2,85x H H H15 1H15 ann H15 1H15 ann. 8

9 Shareholders distribution by type Shareholders distribution Jun-15 Popular Shareholders syndicate; 9,80% Board of Directors 24,28% Institutional; 47,84% Mexican Shareholders Group; 4,32% Credit Mutuel; 4,01% Allianz; 3,36% Barrie de la Maza Foundation; 2,64% Other Core shareholders; 0,15% Retail; 27,88% 9

10 Thank you