WELCOME TO THE ANNUAL GENERAL MEETING!

Transcription

1 June 10, 2008 WELCOME TO THE ANNUAL GENERAL MEETING! 1

2 ITEM 1 ON THE AGENDA Presentation of the adopted financial statements and the management report and of the consolidated financial statements and the Group management report as at 31 December 2007, as well as of the report of the Supervisory Board on the 2007 business year. 2

3 REPORT BY THE MANAGING BOARD Herbert Stepic, Chairman 3

4 Experienced Management Team (I) Herbert Stepic, CEO Human Resources Communications Internal Audit Legal & Compliance Martin Grüll, CFO Investor Relations Acquisitions Group Controlling & Accounting Treasury Strategic Portfolio Management Risk Management Heinz Wiedner, COO Process & Productivity Management Organization & Project Office Group IT Shared Service Centres & Country Coordination Integration/Transformation Russia Payment Services 4

5 Experienced Management Team (II) Aris Bogdaneris, Retail Banking Consumer Banking Small Business Banking Products & Marketing Sales & Distribution Affluent Banking Consumer Finance Peter Lennkh, Regions & Corporate Regional Office Corporate Relationship & Banking Alliances Corporate Banking CEE Corporate Banking Products Leasing International Real Estate Development Rainer Franz, Board Member Executive Development & Training Integration/Transformation Ukraine 5

6 Performance of the Share Since the IPO Index base = (issue price) Apr/05 Jul/05 Oct/05 Jan/06 Apr/06 Jul/06 Oct/06 Jan/07 Apr/07 Jul/07 Oct/07 Jan/08 Apr/08 Raiffeisen International ATX (relative to RI) DJ EURO STOXX Banks (relative to RI) 6

7 ANALYST CONFERENCE FOR THE Highlights 2007 ANNUAL REPORT

8 Highlights 2007 Best ever full year result (excluding one- off effects in 2006) Consolidated profit rose by 42%, to 84mn. Retail segment: highest contribution ever to profit before tax, share of 39%. Increasing profit before tax contribution from the highgrowth regions CIS and Southeastern Europe 8

9 Branch Expansion Leverages Customer Growth 13.7mn 12.1mn 9.7mn 3.3mn 5.1mn 2,443 2,848 3, Customers Branches 9

10 International recognition in the media Raiffeisen aims for earnings above 1 billion euros Raiffeisen reaps praise for business results Mega public offering on Vienna Stock Exchange Solid as a rock 10

11 ANALYST CONFERENCE FOR THE Secondary Public Offering in October 2007 ANNUAL REPORT

12 Secondary Public Offering - Highlights Total SPO volume came to approximately 1.2 bn. Shares for which subscription rights were not exercised were preferentially allotted to retail investors in Austria as well as institutional investors worldwide. Excluding subscription orders, the order book was approximately two times subscribed. 40% of the shares in institutional hands are owned by US investors, about 25% each in the UK and EU, and 7% are owned by Austrian institutional investors. RZB did not exercise all its subscription rights. Subsequently, its share in Raiffeisen International fell by 1.5%, to 68.5%. 12

13 Shareholder Structure after IPO after SPO Private Investors Private Investors 3.2% 10% 70% 20% Institutional Investors 68.5% 28.3% Institutional Investors RZB RZB Market Capitalization April 2005: 4.6 bn Market Capitalization October 2007: 16.1 bn 13

14 ANALYST CONFERENCE FOR THE Strategic Overview ANNUAL REPORT

15 The Leading Pure Play CEE Banking Group Unique network covering 17 CEE markets ~ 40% annual asset growth over the last 10 years Strong and well known brand Raiffeisen Clear focus on middle market and retail Southeastern Europe and CIS as growth drivers 15

16 Strong Presence in 17 Markets Central Europe (CE) 2.0mn customers 497 branches Southeastern Europe (SEE) 5.2mn customers 959 branches Commonwealth of Independent States (CIS) 6.5mn customers 1,499 branches (1) Including leasing and other branches. 13.7mn customers 3,015 branches 1) 16

17 Sustainable Growth Potential in CEE Average Annual GDP Growth Rates (nominal) CE 9.1% SEE 11.0% CIS 18.0% Average Eurozone: 4.3% Source: Raiffeisen Research 17

18 Integration Projects on Track Risk management RI standard RI standard RI standard Legal issues None Merged into Raiffeisenbank in November 2007 Legal merger in 2008 ( ) Brand Re-branding Re-branding Re-branding in 2008 ( ) Operations/IT Group operations standardization ( ) Systems integration started ( ) Systems integration started ( ) Completed/implemented ( ) On Track 18

19 Full Regional Coverage in Ukraine Hubs: 25 Branches: 1,186 (1) Employees: 17, Assets: 6.2 bn Number of branches per regional hub (1) Including leasing branches. 19

20 Strong Regional Coverage in Russia Hubs: 7 Branches: 240 (1) Employees: 8,915 Assets: 12.2 bn Number of branches (1) Including leasing branches.

21 Mid-Term Targets 2010 (I) Total Asset Growth ROE Before Tax (1) 44.1% 40.8% 37.3% 30.2% 22.2% 21.8% 27.3% 25.7% Target 2010: > 20% p.a. Target 2010: > 25% (1) Excluding one-off effects in

22 Mid-Term Targets 2010 (II) Risk/earnings ratio Cost/income ratio 17.1% 17.5% 63.5% 61.6% 59.1% 57.6% 14.8% 13.9% Target 2010: ~ 15% Target 2010: ~ 56% (1) Excluding one-off effects in

23 REPORT OF THE MANAGING BOARD Martin Grüll, CFO 23

24 Strong Asset Growth in bn 30%

25 and High Profitability Consolidated profit up 42%, to 841mn Earnings per share up from 4.17 to 5.80 Average 47% p.a (1) 841 in mn (1) Excluding one-off effects in

26 Income Statement in mn (1) Change Net interest income 2,419 1, % Provisioning for possible loan losses (357) (309) 15.6% Net commission income 1, % Trading profit/(loss) (26.8%) General administrative expenses (2,184) (1,694) 29.0% Profit before tax 1, % Consolidated profit % (1) Exclusing one-off effects in

27 Solid Income Development Trading profit Net commision income in mn 2,419 Net interest income 1,764 1, ,

28 Increasing Profit Contribution from SEE & CIS Profit before tax contribution 2006 (1) Profit before tax contribution 2007 Central Europe (CE) 35% Commonwealth of Independent States (CIS) 33% Central Europe (CE) 34% Commonwealth of Independent States (CIS) 30% 316 mill. 291 mill. 428 mill. 369 mill. 284 mill. 442 mill. Southeastern Europe (SEE) 32% Total 891mn (1) Southeastern Europe (SEE) 36% Total 1,238mn (1) Excluding one-off effects in

29 Customer Business Increased Substantially Profit before tax contribution 2006 (1) Profit before tax contribution 2007 Treasury, Participations and Other 18% 160 mill. Retail Customers 30% Treasury, Participations and Other 7% 82 mill. Retail Customers 39% 264 mill. 487 mill. 467 mill. 669 mill. Corporate Customers 52% Corporate Customers 54% Total 89 mn 1) Total 1,238mn (1) Excluding one-off effects in

30 Stable Funding a Real Benefit in Current Markets Short-term refinancing Structure of Funding Subordinated liabilities 18% 2% Funding Strategy High and stable share of funding from customer deposits (63 per cent of total funding as of December 31, 2007) Medium and long-term refinancing 17% 63% Good reputation in the syndicated loan market ensures constant access to long-term funding Strong partnerships with supranational institutions (e.g. EBRD, EIB, IFC) Customer deposits Reliable access to the liquid Austrian Raiffeisen banking sector Total funding as of : 64.2 bn. 30

31 Highlights of the First Quarter 2008 Consolidated profit of 254mn Earnings per share up 30 cents year-on-year to 1.65 Retail segment profit 20% higher than in the first quarter 2007 Loans to customers of more than 51 bn. Cost/income ratio improves to 53.8% (1-3/2007: 57.2%) Number of customers increases to over 14 mn 31

32 FURTHER ITEMS ON THE AGENDA Walter Rothensteiner, Chairman of the Supervisory Board 32

33 ITEM 2 ON THE AGENDA Resolution regarding the appropriation of the balance-sheet profit shown as at 31 December

34 ITEM 3 ON THE AGENDA Resolution approving the acts of the members of the Managing Board during the 2007 business year. 34

35 ITEM 4 ON THE AGENDA Resolution approving the acts of the members of the Supervisory Board during the 2007 business year. 35

36 ITEM 5 ON THE AGENDA Resolution establishing the remuneration of the members of the Supervisory Board for the 2007 business year. 36

37 ITEM 6 ON THE AGENDA Election to the Supervisory Board. 37

38 ITEM 7 ON THE AGENDA Election of the auditor for the financial statements and the consolidated financial statements for the 2008 business year. 38

39 ITEM 8 ON THE AGENDA Authorisation granted to the Managing Board to issue convertible bonds, to the exclusion of the shareholders subscription right. 39

40 ITEM 9 ON THE AGENDA Conditional increase of the nominal capital in order to grant the convertible bonds pursuant to agenda item 8 as well as correspondingly amendment of the Articles of Association. 40

41 ITEM 10 ON THE AGENDA Merger of Raiffeisen International Group IT as the transferring company to Raiffeisen International Bank-Holding AG. 41

42 ITEM 11 ON THE AGENDA Authorisation granted to the Managing Board to acquire or to redeem own shares as well as to decide on the sale of own shares, to the exclusion of the shareholders' subscription right. 42

43 June 10, 2008 ANNUAL GENERAL MEETING OF ANALYST CONFERENCE FOR THE RAIFFEISEN ANNUAL INTERNATIONAL REPORT

44 H. Stepic CEE Charity Chance For a Better Life H. Stepic Charity initiates social projects in Central and Eastern Europe Assists social disadvantaged women, adolescents and children (help people help themselves) Projects are implemented in an unbureaucratic, quick and cost-effective manner How you can help: Donations Membership Promoting the initiative Raiffeisenlandesbank Niederösterreich-Wien; H. Stepic CEE Charity; Bank code: , Acct. No.: ; BIC: RLNWATWW, IBAN: AT