Key economic figures as of September 30, 2014

Presentation to the financial community
Key economic figures as of September 30, 2014
Rome, Palazzo Altieri 04.12.2014
Agenda
Business dynamics – Revenues and AUM
Arturo Nattino, CEO
Key economic figures as of September 30, 2014
Gian Franco Traverso Guicciardi, Head of Investor Relations
2.
Agenda
•
Business dynamics – Revenues and AUM
•
Key economic figures as of September 30, 2014
3.
The Group
Banca Finnat Euramerica S.p.A.
100%
Finnat Fiduciaria S.p.A.
Investire Immobiliare SGR S.p.A.
80%
100%
Fedra Fiduciaria S.p.A.
Finnat Gestioni S.A.
70%
20%
Imprebanca S.p.A.
4.
25%
Sigefi Italia Private Equity
S.p.A.
36%
Beni Stabili Property Service
S.p.A.
Revenues breakdown (€/000)
14,5% Dividends & Trading activities on own account (6,4%)
31,1% Interest margin (38,4%)
54,4% Net commissions (55,2%)
Revenues (€/000)
5.
9M 2013
9M 2014
Var %
Interest Margin
10,991
9,782
-11.0%
Net Commissions
15,827
17,124
8.2%
Dividends
2,700
2,765
2.4%
Trading activities on own account
-856
1,799
n.s.
Business breakdown
1.3% Corporate Finance
5.7% Trust services / Financial Planning
16.2% Brokerage / Asset Management
20.7% Private Banking
22.7% Real Estate funds
33.4% Proprietary Trading
6.
Deposits and loans’ trend (€/M)
Free Deposit
451
407
Time Deposit,
Certificate, Bond
400
333
271
355
244
286
312
268
200
236
65
44
35
2010
2011
2012
240
241
95
2013
121
2014 B
89
30.09.2014
Short lending
Mortgage
224
116
7.
117
108
124
2010
2011
256
229
236
78
62
96
163
168
160
147
2012
2013
2014 B
30.09.2014
89
Total AUM (€/000)
11.000.000
10.000.000
9.000.000
8.000.000
9.394.209
9.504.631
8.864.343
8.676.719
9.028.710
7.831.655
7.000.000
6.000.000
5.000.000
4.000.000
3.000.000
2.000.000
1.000.000
0
december 2009 december 2010 december 2011 december 2012 december 2013 september 2014
8.
Total AUM breakdown (€/000)
25,7% Real Estate funds (26,7% as of 30.09.2013)
59,2% Administered and trust accounts
(58,6% as of 30.09.2013)
7,8% SICAV (7,2% as of 30.09.2013)
7,3% Discretionary managed portfolios
(7,5% as of 30.09.2013)
Total AUM breakdown (€/000)
Administered and trust accounts
9M 2014
Var %
4,674,325 5,344,883
14.3%
Discretionary managed portfolios *
600,607
654,606
9.0%
Sicav
573,113
707,746
23.5%
Real Estate funds
* Mandates from third parties included
9.
9M 2013
2,133,208 2,321,475
8.8%
Agenda
•
Business dynamics – Revenues and AUM
•
Key economic figures as of September 30, 2014
10.
Reclassified consolidated income statement (€/000)
30.09.2013
10,991
2,700
15,827
-856
28,662
30.09.2014
9,782
2,765
17,124
1.799
31,470
Var. %
-11%
2,4%
8,2%
n.s
-9,8%
-23,474
-394
1,552
-22,316
-25,211
-379
1,573
-24,017
7,4%
-3,8%
1,4%
7,6%
469
6,815
184
7,637
-60,8%
12,1%
Net operating profit
-681
6,134
-1,475
6,162
116,6%
0,5%
Income taxes
-2,486
-2,332
-6,2%
Minorities
-514
3,134
-506
3,324
-1,6%
6,1%
Interest margin
Dividends
Net commissions
Profit (loss) on financial transactions
Earnings margin
Administrative costs
Value adjustments (amortization)
Other income (expenses)
Operating expenses
Profit (loss) on equity investments
Gross operating profit
Value adjustments on financial assets and credits
Net profit
11.
Summary of group performance
Summary of group performance
12.
30.09.2012 30.09.2013 30.09.2014
Interest margin / Earnings margin
27.1%
38.4%
31.1%
Net commissions / Earnings margin
59.2%
55.2%
54.4%
Cost / Income ratio
79.2%
77.9%
76.3%
Gross operating profit / Earnings margin
20.8%
23.8%
24.3%
Net profit / Gross operating profit
55.5%
46.0%
43.5%
Total Capital Ratio
33.6%
30.5%
29.7%
Contacts
INVESTOR RELATIONS MANAGER
Gian Franco Traverso Guicciardi
Tel. +39 06 69933440
E-mail: [email protected]
PRESS OFFICE
SEC
Marco Fraquelli
Tel. +39 02 62499979
E-mail: [email protected]
13.

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