Why invest in Ripley?ripleyinversionistas.cl/wp-content/uploads/2018/10/... · 2018. 10. 9. · 1...
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Transcript of Why invest in Ripley?ripleyinversionistas.cl/wp-content/uploads/2018/10/... · 2018. 10. 9. · 1...
Why invest in Ripley?
Why invest in Ripley ?
Financial information as of Sept 2013. CLP/USD: 504.2
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Ripley Corp
Ripley Chile
Retail CH Banco
Ripley CH
CAR (Ripley Card)
Ripley Perú
Retail PE Banco
Ripley PE
Ripley Colombia
Retail CO Cia.
Fin. CO
Ripley Corp
Ripley Chile
Retail CH CAR (Ripley
Card)
Ripley Financier
o
Banco Ripley CH
Ripley Perú
Retail PE Banco
Ripley PE
Ripley Colombia
Retail CO Cia.
Fin. CO
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Total ConsumerCredit
CardsOthers
%
Consumer bruto1 1 Banco Santander-Chile 3.632.414 2.179.174 1.246.937 206.303 22,8% 1 Banco de Chile 57.335
2 2 Banco de Chile 3.074.505 2.046.174 786.738 241.593 19,3% 2 Banco Santander-Chile 50.724
3 9 Banco Ripley 598.589 174.392 424.197 0 3,8% 3 Banco de Crédito e Inversiones 31.481
4 3 Banco de Crédito e Inversiones 1.779.145 1.421.009 262.371 95.765 11,2% 4 Corpbanca 17.774
5 4 Corpbanca 1.697.177 1.114.373 240.324 342.480 10,6% 5 Banco del Estado de Chile 10.213
6 6 BBVA 1.118.754 881.191 183.307 54.256 7,0% 6 Scotiabank Chile 9.343
7 8 Banco Itaú Chile 629.174 359.383 155.363 114.428 3,9% 7 BBVA 6.665
8 5 Banco del Estado de Chile 1.436.615 1.234.693 134.128 67.794 9,0% 8 Banco Bice 5.007
9 10 Scotiabank Chile 541.436 433.490 71.623 36.323 3,4% 9 Banco Security 4.395
10 11 Banco Security 253.844 162.620 49.805 41.419 1,6% 10 Banco Itaú Chile 3.969
11 13 Banco Bice 102.146 71.230 19.597 11.319 0,6% 11 Banco Ripley 3.640
12 7 Banco Falabella 761.544 725.624 15.367 20.553 4,8% 12 Banco Consorcio 3.520
13 12 Banco Paris 240.546 238.561 1.957 28 1,5% 13 Banco Falabella 2.048
14 14 Banco Consorcio 68.251 67.226 929 96 0,4% 14 JP Morgan Chase Bank, N.A. 1.717
15 15 Banco Internacional 15.995 12.109 921 2.965 0,1% 15 Deutsche Bank (Chile) 1.210
16 16 HSBC Bank (Chile) 90 90 0 0 0,0% 16 Banco Paris 716
17 17 Banco de la Nación Argentina 59 59 0 0 0,0% 17 HSBC Bank (Chile) 683
18 18 Banco do Brasil S.A. 0 0 0 0 0,0% 18 Banco Internacional 351
19 19 Banco Penta 0 0 0 0 0,0% 19 The Bank of Tokyo-Mitsubishi 235
20 20 Deutsche Bank (Chile) 0 0 0 0 0,0% 20 Banco Penta 212
21 21 JP Morgan Chase Bank, N.A. 0 0 0 0 0,0% 21 Banco de la Nación Argentina 23
22 22 Rabobank Chile 0 0 0 0 0,0% 22 Banco do Brasil S.A. -800
23 23 The Bank of Tokyo-Mitsubishi 0 0 0 0 0,0% 23 Rabobank Chile -1.677
Chilean Banking Industry 15.950.284 11.121.398 3.593.564 1.235.322 100,0% Chilean Banking Industry 208.784
Institutions
Net
Income
Ranking
Jan2014
Net Income
MM$
Consumer
Loan
Ranking
Consumer Loans MM $
Institutions
Credit
Card
Ranking
1 Banco de Chile 29,71 1 Banco Ripley 6,04
2 Banco Santander-Chile 25,45 2 JP Morgan Chase Bank, N.A. 4,29
3 Banco Ripley 23,97 3 Banco Paris 3,16
4 Banco de Crédito e Inversiones 23,57 4 Banco Consorcio 2,67
5 Banco Consorcio 20,82 5 Banco de Chile 2,64
6 Banco Paris 19,99 6 Banco Santander-Chile 2,16
7 Banco Bice 18,45 7 Banco de Crédito e Inversiones 1,79
8 Scotiabank Chile 17,01 8 Scotiabank Chile 1,54
9 Banco Security 16,94 9 Deutsche Bank (Chile) 1,43
10 Banco Falabella 16,74 10 Banco Bice 1,35
11 Deutsche Bank (Chile) 13,17 11 Banco Falabella 1,30
12 Corpbanca 12,28 12 The Bank of Tokyo-Mitsubishi 1,18
13 BBVA 11,90 13 Corpbanca 1,16
14 JP Morgan Chase Bank, N.A. 11,35 14 Banco Security 1,15
15 Banco del Estado de Chile (2) 11,25 15 Banco de la Nación Argentina 0,97
16 HSBC Bank (Chile) 8,76 16 BBVA 0,74
17 Banco Itaú Chile 7,50 17 Banco Itaú Chile 0,67
18 Banco Internacional 6,21 18 HSBC Bank (Chile) 0,53
19 The Bank of Tokyo-Mitsubishi 4,97 19 Banco del Estado de Chile (2) 0,48
20 Banco Penta 1,68 20 Banco Internacional 0,39
21 Banco de la Nación Argentina 1,42 21 Banco Penta 0,25
22 Rabobank Chile -27,29 22 Rabobank Chile -1,88
23 Banco do Brasil S.A. -40,47 23 Banco do Brasil S.A. -10,81
Chilean Banking Industry 19,14 Chilean Banking Industry 1,52
Institutions ROE% ROA %Institutions
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Note: numbers reflects company best estimates by the time of this presentation,
but are not a guarantee of future performance and involve a number of risks and
uncertainties including, but not limited to, the risks detailed in the company’s
financial statements, and the fact that actual results could differ materially from
those indicated here.
Partnership with Mall Plaza, the leader player in shopping malls in Latin America Equity book value in Ripley of these investments is US$ 426 million. Investment is concentrated in young shopping malls combined with projects under development and lands which are not generating results yet. Shopping malls already in operation have an ROE between 13% y 17 %.
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CLP/USD: 573,2
negative figures related to the opening of Colombia
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• 4,485 m2
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Ripley is the only player that makes a significant provision on performing loans
Item sep-13 Anual Var sep-13 Anual Var sep-13 Anual Var sep-13 Anual Var sep-13 Anual Var sep-13 Anual Var
Loan Portfolio MM$ 379.245 6,5% 950.348 -4,8% 377.065 -7,6% 273.020 -2,1% 117.224 -3,1% 138.694 34,5%
Rewritten debt 10,1% -16,9% 6,4% 45,6% 9,5% 16,9% 7,3% -24,5% 22,2% -8,9% 20,3% -38,3%
Provision / Loans 12,5% -5,1% 4,1% -19,4% 7,8% -2,5% 6,3% -21,4% 13,7% -2,3% 8,3% -60,7%
Net Write-Offs (NWO) MM$ 23.572 -3,4% 35.389 -45,8% 28.852 -30,6% 23.056 -29,5% 20.290 -13,4% 10.368 -37,5%
NWO / Loans (Anual) 8,3% -9,3% 5,0% -43,0% 10,2% -24,9% 11,3% -28,0% 23,1% -10,6% 10,0% -53,5%
Net Coverage (provisión /NWO) 18,1 26,5% 8,2 -4,4% 8,7 19,5% 5,8 13,9% 7,0 -5,7% 7,9 39,9%
30 days delinquency 10,5% -7,5% 6,9% -24,5% 11,2% -10,5% 9,4% -23,9% 22,8% 0,6% 11,1% -26,6%
90 days delinquency (NPL) 4,4% -9,5% 2,6% -24,6% 4,9% -13,6% 4,5% -27,6% 10,9% -6,9% 4,6% -40,3%
Number of clients 1.071.793 1,8% 2.179.395 -1,3% 1.373.609 -13,7% 605.055 -7,4% 510.747 1,2% 464.001 2,3%
Average debt per client $ 353.842 4,7% 436.060 -3,5% 274.507 7,1% 451.231 5,7% 229.515 -4,2% 298.908 31,5%
Cencosud Presto Hites La Polar Ripley Falabella Chile
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This presentation contains forward-looking statements, including statements
regarding the intent, belief or current expectations of the Company and its
management. Investors are cautioned that any such forward-looking
statements are not guarantee of future performance and involve a number of
risks and uncertainties including, but not limited to, the risks detailed in the
company’s financial statements, and the fact that actual results could differ
materially from those indicated by such forward-looking statements.
