Investor Presentation 2011 Basler Kantonalbank. Our aim is the sustainable and permanent communication with investors and analysts.

Transcription

1 Investor Presentation 2011 Basler Kantonalbank Our aim is the sustainable and permanent communication with investors and analysts.

2 Agenda 1. Financial figures Parent Company Basler Kantonalbank BKB Group 2. Focal Points 3. Positioning in the BKB Group 4. Objectives BKB Participation Certificate Page 2 Basler Kantonalbank

3 Agenda 1. Financial figures Parent Company Basler Kantonalbank BKB Group 2. Focal Points 3. Positioning in the BKB Group 4. Objectives BKB Participation Certificate Page 3 Basler Kantonalbank

4 Parent Company Basler Kantonalbank Key Figures Change Gross profit* 328,2 m CHF 283,3 m CHF - 13,7% Total assets 20,2 bn CHF 22,4 bn CHF + 10,7% Loans to customers 11,4 bn CHF 12,0 bn CHF + 5,6% Customer deposits 12,2 bn CHF 13,0 bn CHF + 7,3% Total customer assets 28,9 bn CHF 33,0 bn CHF + 14,1% Declared equity 2,4 bn CHF 2,5 bn CHF + 5,7% Cost-income-ratio I* 37,4% 40,9% - * adjusted (without IT migration) Page 4 Basler Kantonalbank

5 Parent Company Basler Kantonalbank Loans to customers in CHF m 14' (+ 935) (+ 641) '000 10'000 2' % 2' % 3'113 8'000 6'000 4'000 7'963 8'724 8'902 2' Other amounts due from customers Mortgages Page 5 Basler Kantonalbank

6 Parent Company Basler Kantonalbank Customer deposits in CHF m ( ) (+ 885) '000 12'000 10'000 8' ' % 372 6' % 209 6'892 6'000 4'000 2'000 4'839 5'563 5' Issues of medium term notes Other amounts due to customers Due to customers on savings and investments Page 6 Basler Kantonalbank

7 Parent company Basler Kantonalbank Income structure Operating profit: 480 m CHF Net other ordinary profit 10% Net profit from trading operations 18% 46% Net profit from interest transactions Net profit from fees and commissions 26% Page 7 Basler Kantonalbank

8 Parent Company Basler Kantonalbank Profit Statement 2010 in 1000 CHF FY 2009 FY 2010 Change in % Net profit from interest transactions 230' ' % Net profit from fees and commissions 120' ' % Profit from trading operations 122'380 89' % Net other ordinary income 50'594 46' % Operating income 523' ' % Personnel expense -122' ' % General administrative expense -73'191-68' % Net operating expense adjusted (without IT migration) -195' ' % Net operating expense -221' ' % Gross profit adjusted (without IT migration) 328' ' % Gross profit 302' ' % Page 8 Basler Kantonalbank

9 Parent Company Basler Kantonalbank Profit Statement 2010 in 1000 CHF FY 2009 FY 2010 Change in % Gross profit adjusted (without IT migration) 328' ' % Gross profit 302' ' % Depreciation, write-offs of fixed assets -46'770-46' % Value adjustments, provisions and losses -19'820-11' % Operating profit adjusted (without IT migration) 261' ' % Operating profit adjusted 235' ' % Guarantor settlement -37'510-31' % Profit, pre-tax adjusted (without IT migration) 224' ' % Profit, pre tax 198' ' % Extraordinary income 41'320 36' % Extraordinary expense -1' % Provisions IT -30' % Allocation to reserves for general banking risks -109' ' % Taxes -1'265-1' % Annual profit 97'427 88' % Page 9 Basler Kantonalbank

10 Agenda 1. Financial figures Parent Company Basler Kantonalbank BKB Group 2. Focal Points 3. Positioning in the BKB Group 4. Objectives BKB Participation Certificate Page 10 Basler Kantonalbank

11 BKB Group Key Figures in CHF m Change Gross profit* 397,2 342,5-13,8% Group profit* 289,4 254,3-12,1% Total assets ,7% Customer deposits ,1% Loans to customers ,6% Total customers assets ,5% Declared equity ,7% * adjusted (without IT migration) Page 11 Basler Kantonalbank

12 BKB Group Loans to customers in CHF m ( ) ( ) '000 20'000 15'000 11' ,3% 11' ,9% 12'192 10' ,2% + 5,3% 5'000 10'440 11'403 12' Basler Kantonalbank Bank Coop Page 12 Basler Kantonalbank

13 BKB Group Customer deposits in CHF m 25' ( ) ( ) '000 15'000 8' ,0% 8' ,3% 9'708 10' ,5% 5'000 10' ,5% 12'741 13' Basler Kantonalbank Bank Coop Page 13 Basler Kantonalbank

14 BKB Group Derivation of Gross profit in 1000 CHF FY 2009 FY 2010 Change in % Net profit from interest transactions 380' ' % Net profit from fees and commissions 195' ' % Profit from trading operations 143'707 95' % Net other ordinary profit 17'027 18' % Operating profit 735' ' % Personnel expense -214' ' % General administrative expense (without IT migration) -124' ' % Net operating expense adjusted (without IT migration) -338' ' % Net operating expense -389' ' % Gross profit adjusted (without IT migration) 397' ' % Gross profit 346' ' % Page 14 Basler Kantonalbank

15 BKB Group Derivation of Group profit in 1000 CHF FY 2009 FY 2010 Change in % Gross profit adjusted (without IT migration) 397' ' % Gross profit 346' ' % Depreciation, write-offs fixed assets -57'293-52' % Value adjustments, provisions and losses -27'911-17' % Operating results adjusted (without IT migration) 311' ' % Operating results 261' ' % Guarantor settlement -37'510-31' % Profit, pre-tax adjusted (without IT migration) 274' ' % Profit, pre-tax 223' ' % Extradordinary income 31'287 22' % Extraordinary expense -2' % Taxes -13'728-16' % Group profit adjusted (without IT migration) 289' ' % Group profit 238' ' % of which minority interests in the Group profit 16'202 21' % Page 15 Basler Kantonalbank

16 BKB Group Segment information 2010, in CHF m Retail Banking Private Banking Commercial Banking Trading Department Corporate Center Total Net profit from interest transactions Net profit from fees and commissioins Profit from trading operations Net other ordinary income Operating income Personnel expense General administrative expense Internal cost allocation Net operating expense Gross profit Depreciation, write-offs fixed assets Value adjustments, provisions and losses Operating profit Guarantor settlement Profit, pre-tax Extraordinary income 22.4 Extraordinary expense -0.1 Taxes Group profit Page 16 Basler Kantonalbank

17 Earnings power comparison 2010 How many millions of Gross Profit is being generated per billion of Total Assets:* 13.5 Waadtländer KB 12.7 BKB (Parent Company ) 12.3 Graubündner KB 10.9 Basellandschaftl. KB 9.7 BKB (Group) 9.3 Migros Bank 8.7 St. Galler KB Zürcher KB Raiffeisen 6.2 Bank Coop * The listing is not comprehensive. Page 17 Basler Kantonalbank

18 Rating confirmation Stand-Alone-Rating without government guarantee AA- Page 18 Basler Kantonalbank

19 BKB Group: Risk situation trading book Value at Risk* in the trading book for the various risk categories (Holding period 1 year, 99% confidence interval) in CHF VaR trading book VaR currencies VaR interest rates VaR equities VaR commodities * The Value-at-Risk (VaR) represents the estimated loss of a portfolio that is not exceeded with a given probability (confidence interval) for a predetermined holding period. Page 19 Basler Kantonalbank

20 BKB Group: Risk situation banking book Interest-rate sensitivity* of the banking book (in CHF per basis point increase) Fixed-interest positions Variable positions and sight deposits Investments of share capital and reserves Total sensitivity * The interest-rate sensitivity is measured as the present value of the gain/loss that occurs when the interest rate is increased by one basis point. A basis point equals 0,01 percent. Page 20 Basler Kantonalbank

21 Agenda 1. Financial figures Parent Company Basler Kantonalbank BKB Group 2. Focal Points 3. Positioning in the BKB Group 4. Objectives BKB Participation Certificate Page 21 Basler Kantonalbank

22 Migration of BKB Group to Avaloq Shared IT platform Avaloq in the BKB Group Increased efficiency for both banks Enables offering of complex investment solutions Page 22 Basler Kantonalbank

23 Acquisition of AAM Privatbank AG Successful Integration Expansion of Client Basis New Private Banking Location Strengthening of Workforce Page 23 Basler Kantonalbank

24 Private Banking receives fifth consecutive award In the Top 35 among 360 institutes! Page 24 Basler Kantonalbank

25 Increase in efficiency Enthusing customers! Focal Points 2011 New regulations Synergies within the group Page 25 Basler Kantonalbank

26 Agenda 1. Financial figures Parent Company Basler Kantonalbank BKB Group 2. Focal Points 3. Positioning in the BKB Group 4. Objectives BKB Participation Certificate Page 26 Basler Kantonalbank

27 BKB Group: 7th Largest Swiss Bank Group UBS Credit Suisse Group Raiffeisen Zürcher KB Julius Bär Holding BC Vaudoise BKB Group Migros Bank Berner KB Clariden Leu Group Reduced by coefficient Total assets by end of 2010 (in CHF m) Page 27 Basler Kantonalbank

28 Positioning of Basler Kantonalbank A rather untypical cantonal bank with strong income diversification (geographical constraints) Need to stand out from other banks with regard to: Top-quality professional banking Countrywide activities and presence Dynamism, efficiency In sum: Sharpen our profile Page 28 Basler Kantonalbank

29 Positioning of Bank Coop National retail bank (towns, conurbations) Prosperity with integrity Sustainability / equivalence Excellent client orientation & service quality Coop / Supercard In sum: Strengthen our positioning Page 29 Basler Kantonalbank

30 BKB Group locations Page 30 Basler Kantonalbank

31 Strategic thrusts Segment Market Territory Clients Income Private Clients, SME NWCH Private Banking CH, D Firms, Institutionals, Banks CH Private Clients, SME CH Page 31 Basler Kantonalbank

32 Agenda 1. Financial figures Parent Company Basler Kantonalbank BKB Group 2. Focal Points 3. Positioning in the BKB Group 4. Objectives BKB Participation Certificate Page 32 Basler Kantonalbank

33 Group Vision 2015 VISION Based on our mandate as a cantonal bank and our responsibility as a bank in Northwest Switzerland, we as the BKB Group strive for a strong competitive position as a full-service bank in Switzerland. We are committed to Fair Banking for all stakeholders and want sustainable added value for clients, owners, and employees. Page 33 Basler Kantonalbank

34 Strategic Objectives 2015 Parent Company Basler Kantonalbank Profitability Gross profit 400 m CHF Efficiency Cost-income-ratio < 40% Growth Net New Money 1.5 bn CHF p.a. Growth Loans to customers 14 bn CHF Page 34 Basler Kantonalbank

35 Strategic Objectives 2015 BKB Group Profitability Ranked 6th in terms of gross profit Largeness Ranked 5th 7th in terms of total assets Efficiency Cost-income-ratio < 45% Page 35 Basler Kantonalbank

36 Agenda 1. Financial figures Parent Company Basler Kantonalbank BKB Group 2. Focal Points 3. Positioning in the BKB Group 4. Objectives BKB Participation Certificate Page 36 Basler Kantonalbank

37 BKB Participation Certificate a sustainable investment indexiert 350 BKB Participation Certificate % SPI-Bank Index % Source: Bloomberg Page 37 Basler Kantonalbank

38 Market capitalization (per ) Rank UBS Credit Suisse Group Julius Bär Holding Banque Cantonale Vaudoise Basler Kantonalbank Graubündner Kantonalbank Basellandschaftliche Kantonalbank Bank Sarasin St. Galler Kantonalbank Market value in CHF bn 58,27 44,02 9,04 4,22 4,19 3,04 2,78 2,64 2,60 Source: FuW-Aktienführer online Page 38 Basler Kantonalbank

39 Dividend Dividend payout (gross) 3.30 CHF per BKB Participation Certificate The dividend will be paid out on April 20, Page 39 Basler Kantonalbank

40 BKB Participation Certificate Key Figures Exchange-rate statistics Market price at year-end in CHF 119,60 142,50 Market capitalization at year-end* in m CHF 3 576, ,75 Key figures per Participation Certificate Gross profit adjusted (without IT migration)* in CHF 10,98 9,47 Operating profit adjusted (without IT migration)* in CHF 8,75 7,75 Annual profit (Earnings per share)* in CHF 3,26 2,95 Book value* in CHF 77,17 81,88 Dividend yield in % 2,76 2,32 Pay-out-ratio in % 19,98 22,05 Price-earnings-ratio 17,29 19,88 Price-book-ratio 1,55 1,74 * The endowment capital is also taken into account. Page 40 Basler Kantonalbank

41 Disclaimer Caution regarding forward-looking statements - This communication contains statements that constitute forward-looking statements, including, but not limited to, statements relating to the implementation of strategic initiatives, such as the expansion in private banking, and other statements relating to our future business development and economic performance. - While these forward-looking statements represent our judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. - These factors include, but are not limited to, (1) general market, macro-economic, governmental and regulatory trends, (2) movements in local and international securities markets, currency exchange rates and interest rates, (3) competitive pressures, (4) technological developments, (5) changes in the financial position or creditworthiness of our customers, obligors and counterparties and developments in the markets in which they operate, (6) federal and local legislative developments, (7) management changes and changes to our Business Group structure. - Basler Kantonalbank is not under any obligations to (and expressly disclaims any such obligations to) update or alter its forward-looking statements whether as a result of new information, future events, or otherwise. Page 41 Basler Kantonalbank

42 Contact Details Basler Kantonalbank Head of General Secretariat / Media Office / IR Dr Michael Buess P.O. Box CH-4002 Basel Direct line +41 (0) Fax +41 (0) michael.buess@bkb.ch Page 42 Basler Kantonalbank