Financial Results March 2016

Transcription

1 Financial Results March 2016

2 Content Key indicators Growth Credit Capital / Liquidity The way forward Financial Results 2

3 key indicators Capitec Bank Limited 3

4 Key Indicators Headline earnings (R m) Financial Results 4

5 Key Indicators Return on equity (%) Financial Results 5

6 Key Indicators Total assets (R m) Financial Results Loans and advances Cash, cash equivalents and other liquid assets Other

7 Key Indicators Cost to income ratio (%) Financial Results 7

8 Key Indicators Net transaction fee income to operating expenses (%) Financial Results 8

9 Key Indicators Net transaction fee income to net income (%) Financial Results 9

10 growth

11 Growth Primary banking clients Higher income profile clients More transactions per clients Distribution Financial Results 11

12 Growth Primary banking clients ( 000) Financial Results 12

13 Growth Primary banking client market share AMPS (%) Jun 11 Dec 11 Jun 12 Dec 12 Jun 13 Dec 13 Jun 14 Dec 14 Jun 15 National Gauteng Financial Results 13

14 Growth Client profiles Year on year growth Active clients % 16 Primary banking clients % 21 Gauteng clients % 24 Higher income clients (R plus) % 44 Financial Results 14

15 Growth Transaction volumes & clients served ( 000) Transactions Clients Jun 13 Dec 13 Jun 14 Dec 14 Jun 15 Dec 15 - Transactional volumes Tickets handled Financial Results 15

16 Growth Transaction activity Banking clients do 5 times more transactions than non-banking Transaction growth: Total transaction activity % 40 Branch / ATM / POS % 38 APP / USSD / Internet % 67 Bank app transaction volume: March 2015 to August 2015 m 4.2 September 2015 to February 2016 m 8.4 Financial Results 16

17 Growth Net transaction fee income (R m) Financial Results 17

18 Growth Distribution Changes for 12 months Change since Feb-15 Total Feb-16 Branches New Upgraded Own ATMs Regular Dual note recyclers Partnership ATMs Capitec branded Light branding (409) Financial Results 18

19 credit

20 Credit Market conditions Loans advanced Model criteria Collections / provisions Financial Results 20

21 Credit Market conditions Economy Employment Mining industry Credit legislation Financial Results 21

22 Credit Market conditions Rising retrenchments and debt review Information for the calendar year Debt Review Retrenchment letters Financial Results 22

23 Credit Market conditions improving client health profile Clients with > 40% cash available after commitments Feb-13 Feb-14 Feb-15 Feb-16 Total % Government % Private sector % Clients with < 20% cash available after commitments Feb-13 Feb-14 Feb-15 Feb-16 Total % Government % Private sector % Financial Results 23

24 Credit Value of new loans advanced (R m) Financial Results 24

25 Credit Loans advanced by product 100% 28% 19% 9% 75% 46% 34% 30% 27% 50% 23% 16% 27% 25% 25% 11% 20% 29% 24% 32% 0% Feb-13 Feb-14 Feb-15 Feb month month month month Financial Results 25

26 Credit Model criteria Credit application (%) Feb-14 Feb-15 Feb-16 Application decline rate Application approved: not taken up Application taken up rate Total (Restated for 2014 & 2015) Financial Results 26

27 Credit Collections / provisions Arrears & impairment provisions of gross loans & advances Feb-14 Feb-15 Feb-16 Gross loans & advances R'm Loans past due (arrears) R'm Arrears to gross loans and advances % Arrears and arrears rescheduled < 6 months R'm Arrears and arrears rescheduled < 6 months to gross loans % and advances Provisions for doubtful debts R'm Provisions for doubtful debts to gross loans & advances % Arrears coverage ratio % Arrears and arrears rescheduled < 6 months coverage ratio % Financial Results 27

28 Credit Loans and advances - rescheduling R'm 2016 % 2015 % Current Gross Provisions (2 697) 8% (2 128) 7% Net Current - Rescheduled from current not rehabilitated Gross Provisions ( 288) 16% ( 206) 18% Net Current - Rescheduled from arrears not rehabilitated Gross Provisions ( 758) 49% ( 367) 42% Net Arrears Gross Provisions (1 388) 60% (1 156) 59% Net Grand Total Total gross Total impairment (5 131) (3 857) Net Financial Results 28

29 capital / liquidity

30 Capital / Liquidity Conservative capital and funding Well capitalised Brand acceptance Positive savings returns Dividend cover Financial Results 30

31 Liquidity Deposits (R m) Retail call Retail fixed Wholesale Financial Results 31

32 the way forward

33 The way forward Growth prospects 1. Economy Price sensitivity Disposable income Unemployment / informal market 2. Banking Value offer Higher income clients App enhancement 3. Credit Facility Credit card Regulatory Financial Results 33

34 The way forward Operational focus Service quality People Quality clients IT keeping up and gearing for change Remote experience Financial Results 34

35 thank you Financial Results 35