WELCOME ANNUAL MEETING OF THE HOLDERS OF COMMON SHARES 2015

Transcription

1 WELCOME ANNUAL MEETING OF THE HOLDERS OF COMMON SHARES

2 JEAN HOUDE CHAIRMAN OF THE BOARD 2

3 CALL TO ORDER 3

4 4

5 ATTESTATION OF QUORUM AND APPOINTMENT OF SCRUTINEERS 5

6 ADDRESS BY LOUIS VACHON PRESIDENT AND CHIEF EXECUTIVE OFFICER 6

7 Present in Drummondville for 100 years Manoir Drummond Building at 248 rue Hériot,

8 Members of the Office of the President STÉPHANE BILODEAU WILLIAM BONNELL DOMINIQUE FAGNOULE DIANE GIARD LYNN JEANNIOT KAREN LEGGETT LUC PAIEMENT GHISLAIN PARENT RICARDO PASCOE LOUIS VACHON 8

9 Main themes Overview of the Bank Looking back at 2014 Financial performance Value created for our shareholders, clients and employees Priorities for 2015 and beyond 9

10 Strong regional presence National Bank is well-established in the Drummondville region: 14 branches and 3 NBF offices A Commercial Banking Centre 60,000 individual clients 4,500 business clients More than 250 employees and Investment Advisors The region is important for the Bank and Quebec: You can continue to rely on us 10

11 An engine of economic development Leading bank in Quebec Among Canada s domestic systemically important banks Key contributor to business creation, development and continuity Growing presence across Canada 40% of revenues are generated outside Quebec Vancouver

12 Solid financial results in 2014 SHAREHOLDERS Net income $1,593 M Diluted earnings per share $4.48 Impaired loans Net of total allowances ($118 M) Return on equity 18.5% Core Tier 1 capital ratio 9.2% Excluding specified items 12

13 Strong results in the first quarter of 2015 SHAREHOLDERS Record net income $410 M Diluted earnings per share $1.14 Return on equity 17.5% Good performance across our three business segments Excluding specified items 13

14 Industry-leading total shareholder return SHAREHOLDERS Recognized for our financial strength Steady dividend growth Total shareholder return of 21.3% in 2014 Total shareholder return including dividends Periods ended October 31, year 5 years 21.3% 20.9% 20.1% National Bank 18.0% Bank 1 Bank % 16.5% 18.6% Bank % 17.1% Bank % 13.1% Bank % National Bank Bank 1 Bank 2 Bank 3 Bank 4 Bank 5 14

15 Economic context SHAREHOLDERS Decline in the value of the Canadian dollar U.S. economic growth well underway Drop in oil prices = $1 billion in savings for Quebec residents Success factor: Private investment 15

16 Well-defined priorities SHAREHOLDERS Pursue our One client, one bank strategy Distinctive, multi-channel client experience Ensure ongoing balance among our stakeholders Shareholders, clients, employees and the community Continue to expand our super-regional model 16

17 Targeted international investments SHAREHOLDERS Acquisition of 21% of NSIA (Africa) 42% stake in ABA Bank (Cambodia) 9.5% interest in AfrAsia Bank (Mauritius) Pilot project: replicate our super-regional business model outside Canada 17

18 A distinctive client experience CLIENTS Rethinking the branch of the future Strong focus on advisory role: proximity, interaction Bright and inviting design Branches remain a key component of client contacts Just as clients needs and expectations are changing, so too must our service outlets 18

19 Building a multi-channel bank CLIENTS Better alignment between the various distribution channels Mobile apps For ipad and Android MyIdea An innovative tool for clients looking to power their ideas 19

20 A new brand signature CLIENTS A unique signature that reflects who we are Clear positioning that sets us apart Emphasis on our clients ambitions Applicable to all Bank sectors 20

21 Ranked among Canada s Best Employers EMPLOYEES The Bank earned many accolades in

22 Diversity: A core value for the Bank Canadian leader in terms of male-female parity EMPLOYEES Scholarships for women in Financial Markets N.B.: Applications will be accepted until May 8 Women in management Women on the Board % 44% (as at October 31, 2014) (Director nominees) 22

23 A key player in economic and social development The Bank is a taxpayer, loan provider and major purchaser of goods and services COLLECTIVITY Strong support for entrepreneurs $59 billion in loans to businesses Social Responsibility Report: A clear and sustained commitment $658 MILLION 30% $2 BILLION $1 BILLION paid in income and other taxes of its income before income taxes paid in salaries and employee benefits spent in goods and services 23

24 Photos : Jean-Samuel Gauthier Contributing to the growth of the region COLLECTIVITY Donation of $40,000 to the Centre DEL (Development and Leadership Centre) of Collège Saint-Bernard in Drummondville First Drummondville National Bank Challenger tennis tournament 24

25 Conclusion The Bank delivered a strong performance in 2014 I would like to thank the shareholders, clients, employees and partners who contribute to the Bank s success, year after year Have a great bicentennial! 25

26 CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT 26

27 REVIEW OF GENERAL PRACTICES GOVERNING VOTING 27

28 ELECTION OF DIRECTORS 28

29 ELECTION OF DIRECTORS RAYMOND BACHAND 29

30 ELECTION OF DIRECTORS MARYSE BERTRAND 30

31 ELECTION OF DIRECTORS LAWRENCE S. BLOOMBERG 31

32 ELECTION OF DIRECTORS PIERRE BOIVIN 32

33 ELECTION OF DIRECTORS ANDRÉ CAILLÉ 33

34 ELECTION OF DIRECTORS GILLIAN H. DENHAM 34

35 ELECTION OF DIRECTORS RICHARD FORTIN 35

36 ELECTION OF DIRECTORS JEAN HOUDE 36

37 ELECTION OF DIRECTORS KAREN KINSLEY 37

38 ELECTION OF DIRECTORS LOUISE LAFLAMME 38

39 ELECTION OF DIRECTORS JULIE PAYETTE 39

40 ELECTION OF DIRECTORS ROSEANN RUNTE 40

41 ELECTION OF DIRECTORS LINO A. SAPUTO jr 41

42 ELECTION OF DIRECTORS ANDRÉE SAVOIE 42

43 ELECTION OF DIRECTORS PIERRE THABET 43

44 ELECTION OF DIRECTORS LOUIS VACHON 44

45 ELECTION OF DIRECTORS 45

46 ADVISORY VOTE ON THE APPROACH TAKEN BY THE BOARD OF DIRECTORS WITH RESPECT TO EXECUTIVE COMPENSATION 46

47 APPOINTMENT OF INDEPENDENT AUDITOR 47

48 SHAREHOLDER PROPOSAL 48

49 QUESTION PERIOD 49

50 VOTING RESULTS 50

51 TERMINATION OF THE MEETING 51