Jean Houde Chairman of the board

Transcription

1 Welcome

2 Jean Houde Chairman of the board

3 Call to order

4 Appointment of scrutineers

5 Attestation of quorum

6 Address by Louis Vachon President and Chief Executive Officer

7 Office of the President Members Diane Lynn

8 Office of the President Members as at June 4, 2018 Stéphane Achard Lucie Blanchet William Bonnell Dominique Fagnoule Martin Gagnon Denis Girouard Brigitte Hébert Ghislain Parent Ricardo Pascoe Louis Vachon

9 Themes Recap of fiscal 2017 Changes in the business environment National Bank's transformation

10 Record profitability in 2017 Net income over $2 billion Return on equity above 18% Efficiency ratio of 55,9% Sustained contribution from all business lines Data presented as at October 31, 2017, excluding specified items

11 Priorities in our core markets Cultural shift Bank built on simplicity and efficiency Bank for entrepreneurs Bank for individuals Bank for savings

12 The Quebec economy remains robust Quebec: jobless rate stands at 5.6% in February 2018 Quebec: household leverage remains below national average Household debt as a % of disposable income, 2016 Quebec Other provinces 149% 172% 178% 199% 199% QC CAN ONT ALB BC Source: NBF (data Statistics Canada)

13 Our business lines are well positioned to grow Personal & Commercial Banking Wealth Management Financial Markets U.S. Specialty Finance and International

14 Solid total shareholder return (Data as at October 31, 2017) 36.2% 13.6% 24.8% 24.8% 20.1% 20.1% 18.3% 1 Yr 10 Yrs 11.5% 10.4% 9.6% 9.0% 6.1% National Bank Bank 1 Bank 2 Bank 3 Bank 4 Bank 5 National Bank Bank 1 Bank 2 Bank 3 Bank 4 Bank 5

15 Consistent dividend growth Dividends per common share (Data as at October 31) $1.14 $1.24 $1.24 $1.24 $1.37 $1.54 $1.70 $1.88 $2.04 $2.18 $ *Compound annual growth rate

16 Three changes underway 1 Demographic 2 3 Technological Climate The Bank is transforming to successfully meet these challenges

17 DEMOGRAPHY Attracting and retaining top talent Cultural shift: empowerment is key Diversity Transformation Office Collaborative spaces, modern communications, innovation lab, multidisciplinary hackathons, etc. Innovative working environment

18 DEMOGRAPHY A new head office to meet new needs Largest office building to be built in downtown Montreal in 25 years Meeting some of the highest standards for the environment and employee well-being Priority given to Quebec and Canadian clients and suppliers

19 Actively managing change The 4 key concepts of change COMMUNICATION DEVELOPMENT TRUST PACE

20 TECHNOLOGY The Bank at the centre of the digital ecosystem Innovation Partnerships Banking system

21 TECHNOLOGY Client enrolment rising sharply Digital adoption rate Active mobile users 42% 43% 526, , ,701 39% Q Q Q Q Q Q1 2018

22 TECHNOLOGY Steady rollout pace New transaction site for Personal Banking clients Online Mastercard applications First online mortgage loan pre-approval in the industry Mobile services for Commercial Banking clients

23 CLIMATE Supporting the energy transition Growth of our low-carbon loan portfolio Energy efficiency of our buildings is a priority We support the Task Force on Climate-related Financial Disclosures

24 Conclusion: A clear vision Remaining the partner of choice to power our customers ideas We aspire to be the most simple, fast and efficient bank We are investing heavily in digital to enhance the customer experience Balancing sustainable growth and prudent risk management to be well positioned throughout the cycles We will maintain our overweight position in Quebec and in secured loans

25 A driver of economic and social development Leading bank in Quebec Domestic systemically important bank Key player in creating, growing and sustaining businesses I would like to thank our shareholders, employees, clients and partners who, year after year, contribute to our success

26 Receipt of the consolidated financial statements and the independent auditor s report

27 Review of general practices governing voting

28 Proposals by the bank

29 Election of directors

30 Jean Houde

31 Raymond Bachand

32 Maryse Bertrand

33 Pierre Blouin

34 Pierre Boivin

35 Gillian H. Denham

36 Richard Fortin

37 Karen Kinsley

38 Rebecca McKillican

39 Robert Paré

40 Lino A. Saputo, Jr.

41 Andrée Savoie

42 Pierre Thabet

43 Louis Vachon

44 Election of directors JEAN HOUDE RAYMOND BACHAND MARYSE BERTRAND PIERRE BLOUIN PIERRE BOIVIN GILLIAN H. DENHAM RICHARD FORTIN KAREN KINSLEY REBECCA McKILLICAN ROBERT PARÉ LINO A. SAPUTO, Jr. ANDRÉE SAVOIE PIERRE THABET LOUIS VACHON

45 Advisory vote on the board s approach to executive compensation

46 Appointment of the independent auditor

47

48 Question period

49 Voting results

50 Thank you

51 Termination of the meeting