Investor Presentation 2011 English - Basler Kantonalbank Presentation 2011 Basler Kantonalbank Our...

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Transcript of Investor Presentation 2011 English - Basler Kantonalbank Presentation 2011 Basler Kantonalbank Our...

  • Investor Presentation 2011Basler Kantonalbank

    Our aim is the sustainable and permanent communication with investors and analysts.

  • Page 2 | Basler Kantonalbank

    Agenda

    1. Financial figures

    Parent Company Basler Kantonalbank

    BKB Group

    2. Focal Points

    3. Positioning in the BKB Group

    4. Objectives 2015

    5. BKB Participation Certificate

  • Page 3 | Basler Kantonalbank

    Agenda

    1. Financial figures

    Parent Company Basler Kantonalbank

    BKB Group

    2. Focal Points

    3. Positioning in the BKB Group

    4. Objectives 2015

    5. BKB Participation Certificate

  • Page 4 | Basler Kantonalbank

    Parent Company Basler Kantonalbank Key Figures

    * adjusted (without IT migration)

    + 5,7%2,5 bn CHF2,4 bn CHFDeclared equity

    - 13,7%283,3 m CHF328,2 m CHFGross profit*

    40,9%

    33,0 bn CHF

    13,0 bn CHF

    12,0 bn CHF

    22,4 bn CHF

    31.12.2010

    + 7,3%12,2 bn CHFCustomer deposits

    + 14,1%28,9 bn CHFTotal customer assets

    -37,4%Cost-income-ratio I*

    + 10,7%20,2 bn CHFTotal assets

    + 5,6%11,4 bn CHFLoans to customers

    Change31.12.2009

  • Page 5 | Basler Kantonalbank

    Parent Company Basler Kantonalbank Loans to customers

    MortgagesOther amounts due from customers

    7'963 8'7248'902

    2'4772'651 3'113

    0

    2'000

    4'000

    6'000

    8'000

    10'000

    12'000

    14'000

    2008 2009 2010

    1137510440 12016 (+ 935) (+ 641)

    + 9.0%+ 5.6%

    in CHF m

  • Page 6 | Basler Kantonalbank

    Parent Company Basler Kantonalbank Customer deposits

    Due to customers on savings and investments

    Other amounts due to customersIssues of medium term notes

    4'8395'563 5'937

    5'521

    6'2186'892

    482

    372

    209

    0

    2'000

    4'000

    6'000

    8'000

    10'000

    12'000

    14'000

    2008 2009 2010

    + 12.1%+ 7.3%

    12153 10842 13038 (+ 1311) (+ 885)in CHF m

  • Page 7 | Basler Kantonalbank

    Parent company Basler KantonalbankIncome structure

    Net profit from trading operations

    Net profit from fees and commissions

    Net profit from interest transactions

    Operating profit: 480 m CHF

    Net other ordinary profit

    46%

    26%

    18%

    10%

  • Page 8 | Basler Kantonalbank

    Parent Company Basler KantonalbankProfit Statement 2010

    in 1000 CHF

    Net profit from interest transactions 230'289 219'007 -4.9%Net profit from fees and commissions 120'669 125'018 3.6%Profit from trading operations 122'380 89'194 -27.1%Net other ordinary income 50'594 46'281 -8.5%

    Operating income 523'932 479'500 -8.5%

    Personnel expense -122'535 -127'960 4.4%General administrative expense -73'191 -68'248 -6.8%

    Net operating expense adjusted (without IT migration) -195'726 -196'208 0.2%Net operating expense -221'495 -211'137 -4.7%

    Gross profit adjusted (without IT migration) 328'206 283'292 -13.7%Gross profit 302'437 268'363 -11.3%

    FY2009

    FY2010

    Change in %

  • Page 9 | Basler Kantonalbank

    Parent Company Basler KantonalbankProfit Statement 2010in 1000 CHF

    Gross profit adjusted (without IT migration) 328'206 283'292 -13.7%Gross profit 302'437 268'363 -11.3%

    Depreciation, write-offs of fixed assets -46'770 -46'282 -1.0%Value adjustments, provisions and losses -19'820 -11'154 -43.7%

    Operating profit adjusted (without IT migration) 261'616 231'762 -11.4%Operating profit adjusted 235'847 210'927 -10.6%

    Guarantor settlement -37'510 -31'091 -17.1%

    Profit, pre-tax adjusted (without IT migration) 224'106 200'671 -10.5%Profit, pre tax 198'337 179'836 -9.3%

    Extraordinary income 41'320 36'237 -12.3%Extraordinary expense -1'615 -58 -96.4%Provisions IT -30'000 0 -100.0%Allocation to reserves for general banking risks -109'350 -126'000 15.2%Taxes -1'265 -1'719 35.9%

    Annual profit 97'427 88'296 -9.4%

    FY2009

    FY2010

    Change in %

  • Page 10 | Basler Kantonalbank

    Agenda

    1. Financial figures

    Parent Company Basler Kantonalbank

    BKB Group

    2. Focal Points

    3. Positioning in the BKB Group

    4. Objectives 2015

    5. BKB Participation Certificate

  • Page 11 | Basler Kantonalbank

    BKB Group Key Figures

    + 2,5%4917347957Total customers assets

    + 6,1%2301921701Customer deposits

    + 4,7%30272890Declared equity

    + 5,6%2419522918Loans to customers

    35361

    254,3

    342,5

    31.12.2010

    + 7,7%32837Total assets

    - 13,8%397,2 Gross profit*

    - 12,1%289,4Group profit*

    Change31.12.2009in CHF m

    * adjusted (without IT migration)

  • Page 12 | Basler Kantonalbank

    BKB GroupLoans to customers

    Bank CoopBasler Kantonalbank

    22918 21485 24195 (+ 1433) (+ 1277)

    + 5,9%+ 4,3%

    + 9,2%+ 5,3%

    in CHF m

    10'440 11'40312'003

    11'04511'515

    12'192

    0

    5'000

    10'000

    15'000

    20'000

    25'000

    2008 2009 2010

  • Page 13 | Basler Kantonalbank

    BKB GroupCustomer deposits

    Basler Kantonalbank Bank Coop

    + 8,3%

    + 4,5%

    21701 19540 23019 (+ 2161) (+ 1318)

    + 17,5%

    + 3,0%

    in CHF m

    10'84512'741 13'311

    8'695

    8'9609'708

    0

    5'000

    10'000

    15'000

    20'000

    25'000

    2008 2009 2010

  • Page 14 | Basler Kantonalbank

    BKB GroupDerivation of Gross profit

    in 1000 CHF

    Net profit from interest transactions 380'155 367'589 -3.3%Net profit from fees and commissions 195'054 193'466 -0.8%Profit from trading operations 143'707 95'590 -33.5%Net other ordinary profit 17'027 18'056 6.0%

    Operating profit 735'943 674'701 -8.3%

    Personnel expense -214'337 -212'745 -0.7%General administrative expense (without IT migration) -124'403 -119'450 -4.0%

    Net operating expense adjusted (without IT migration) -338'740 -332'195 -1.9%Net operating expense -389'284 -364'308 -6.4%

    Gross profit adjusted (without IT migration) 397'203 342'506 -13.8%Gross profit 346'659 310'393 -10.5%

    FY2009

    FY2010

    Change in %

  • Page 15 | Basler Kantonalbank

    BKB GroupDerivation of Group profit

    in 1000 CHF

    Gross profit adjusted (without IT migration) 397'203 342'506 -13.8%Gross profit 346'659 310'393 -10.5%Depreciation, write-offs fixed assets -57'293 -52'000 -9.2%Value adjustments, provisions and losses -27'911 -17'140 -38.6%

    Operating results adjusted (without IT migration) 311'999 279'272 -10.5%Operating results 261'455 241'253 -7.7%

    Guarantor settlement -37'510 -31'091 -17.1%Profit, pre-tax adjusted (without IT migration) 274'489 248'181 -9.6%Profit, pre-tax 223'945 210'162 -6.2%

    Extradordinary income 31'287 22'388 -28.4%Extraordinary expense -2'619 -133 -94.9%Taxes -13'728 -16'096 17.2%

    Group profit adjusted (without IT migration) 289'429 254'340 -12.1%Group profit 238'885 216'321 -9.4%

    of which minority interests in the Group profit 16'202 21'438 32.3%

    FY2009

    FY2010

    Change in %

  • Page 16 | Basler Kantonalbank

    BKB GroupSegment information 2010, in CHF m Retail

    BankingPrivate

    BankingCommercial

    BankingTrading

    DepartmentCorporate

    CenterTotal

    Net profit from interest transactions 169.2 52 109.6 20 16.8 367.6Net profit from fees and commissioins 53 97.4 19.2 7 16.9 193.5Profit from trading operations 7.8 12.8 1.2 80.3 -6.5 95.6Net other ordinary income 0.1 0.3 17.6 18Operating income 230.1 162.5 130 107.3 44.8 674.7

    Personnel expense -40.3 -27.8 -13.6 -17.1 -113.9 -212.7General administrative expense -15.3 -9.4 -2.5 -9.5 -114.9 -151.6Internal cost allocation -20.9 -4.9 -4.2 -0.2 30.2 Net operating expense -76.5 -42.1 -20.3 -26.8 -198.6 -364.3

    Gross profit 153.6 120.4 109.7 80.5 -153.8 310.4

    Depreciation, write-offs fixed assets -52 -52Value adjustments, provisions and losses -12 -0.6 -22.6 -0.1 18.2 -17.1Operating profit 141.6 119.8 87.1 80.4 -187.6 241.3

    Guarantor settlement -31.1Profit, pre-tax 210.2

    Extraordinary income 22.4Extraordinary expense -0.1Taxes -16.2Group profit 216.3

  • Page 17 | Basler Kantonalbank

    Earnings power comparison 2010

    How many millions of Gross Profit is beinggenerated per billion of Total Assets:*

    * The listing is not comprehensive.

    9.3 8.7

    6.7 6.5

    9.7

    12.7

    6.2

    12.310.9

    13.5

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    KB

    St.

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    Mig

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    Ban

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    Bas

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    ndsc

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    . KB

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    B (

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    KB

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  • Page 18 | Basler Kantonalbank

    Rating confirmation

    Stand-Alone-Ratingwithout government guarantee AA-

  • Page 19 | Basler Kantonalbank

    BKB Group:Risk situation trading book

    3503

    7476122

    44070378

    2436062

    46000606

    31.12.2009

    101382216973454VaR equities

    8647538444VaR commodities

    61756934

    3036649

    64414251

    31.12.2010

    67232079VaR interest rates

    70266491VaR trading book

    2391319VaR currencies

    31.12.2008in CHF

    Value at Risk* in the trading book forthe various risk categories(Holding period 1 year, 99% confidence interval)

    * The Value-at-Risk (VaR) represents the estimated loss of a portfolio that is not exceededwith a given probabili