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Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
Erste Group Annual General Meeting 2013 Presentation
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Erste Group Annual General Meeting 2013 Presentation

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  • 1. 20th Annual General Meeting ofErste Group Bank AG16 May 2013Austria Center Vienna
  • 2. Friedrich RödlerChairman of the supervisory board
  • 3. 16 May 2013AGM 2013First item on the agenda3Report on the financial year 2012
  • 4. Report on the financial year 2012 ofErste Group Bank AG (consolidated)Andreas TreichlChairman of the management board
  • 5. 16 May 2013AGM 20135Disclaimer –Cautionary note regarding forward-looking statements− THE INFORMATION CONTAINED IN THIS DOCUMENT HAS NOT BEEN INDEPENDENTLYVERIFIED AND NO REPRESENTATION OR WARRANTY EXPRESSED OR IMPLIED IS MADE ASTO, AND NO RELIANCE SHOULD BE PLACED ON, THE FAIRNESS, ACCURACY, COMPLETENESSOR CORRECTNESS OF THIS INFORMATION OR OPINIONS CONTAINED HEREIN.− CERTAIN STATEMENTS CONTAINED IN THIS DOCUMENT MAY BE STATEMENTS OF FUTUREEXPECTATIONS AND OTHER FORWARD-LOOKING STATEMENTS THAT ARE BASED ONMANAGEMENT’S CURRENT VIEWS AND ASSUMPTIONS AND INVOLVE KNOWN AND UNKNOWNRISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS, PERFORMANCE OREVENTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED IN SUCHSTATEMENTS.− NONE OF ERSTE GROUP OR ANY OF ITS AFFILIATES, ADVISORS OR REPRESENTATIVESSHALL HAVE ANY LIABILITY WHATSOEVER (IN NEGLIGENCE OR OTHERWISE) FOR ANY LOSSHOWSOEVER ARISING FROM ANY USE OF THIS DOCUMENT OR ITS CONTENT OR OTHERWISEARISING IN CONNECTION WITH THIS DOCUMENT.− THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO PURCHASE ORSUBSCRIBE FOR ANY SHARES AND NEITHER IT NOR ANY PART OF IT SHALL FORM THE BASISOF OR BE RELIED UPON IN CONNECTION WITH ANY CONTRACT OR COMMITMENTWHATSOEVER.
  • 6. 16 May 2013AGM 2013Operating environment –Economic decline due to weak domestic demand61.5-1.91.61.0CR-0.8-2.00.0-2.3HU-0.2-1.71.61.3SK0.52.03.24.4RO RS1.80.72.2-1.1CZ-0.3-1.21.92.3AT0.90.82.72.12013e201220112010Real GDP growth in Erste Group‘s core markets (in %)13e euro zone avg.: -0.3%
  • 7. 16 May 2013AGM 2013Operating environment –Government debt is not a major issue in CEE7RS60.1-5.0HR73.1-4.5HU79.8-3.0SK54.9-3.0RO35.9-2.8CZ46.0-3.2AT75.4-2.3Public debt/GDPGen gov balance/GDPPublic debt in Erste Group‘s core markets (in %, 2013e)Euro zone avg. budget deficit: 2.8%Euro zone avg. public debt: 95.1%
  • 8. 16 May 2013AGM 2013Operating income –Low demand lead to lower NII, fees85-year operating income history in EUR m1,843-3.3%20127,2305,2351,72127320117,4795,5691,78712220107,6045,43932220097,5795,2211,77358520086,9994,9131,971115Net interest incomeNet fee and commission incomeNet trading result
  • 9. 16 May 2013AGM 2013Operating expenses –Continued strict cost control, lower headcount95-year operating expense history in EUR m-2.4%20123,7572,2841,10636720113,8512,3241,15237520103,8172,2641,16638720093,8072,2281,20237820084,0022,3141,313375Other administrative expensesPersonnel expensesDepreciation and amortisation
  • 10. 16 May 2013AGM 2013Operating profit –Stable despite low interest rate environment105-year operating profit history in EUR m20123,47320113,62820103,78720093,77120082,997
  • 11. 16 May 2013AGM 2013Risk costs –Still elevated, but best performance since 20081134717817626818620121,9801,307322020112,2671,7253521220102,0211,393452020092,0571,306483-12.7%020081,0714774080Retail & SME: CEERetail & SME: AustriaGCIBGroup Markets5-year risk cost history in EUR m
  • 12. 16 May 2013AGM 2013Post-provision operating profit –First significant rise since 2008125-year post-provision profit history in EUR m1,3611,9261,7662010+9.7%2011 20121,493200920081,715
  • 13. 16 May 2013AGM 2013Other result –Lower net negative one-offs in 201213Other result in EUR m(other operating result + results from financial assets)-692-442-4542012+9912011-1,683201020092008-1,349
  • 14. 16 May 2013AGM 201314Banking taxes –Banking taxes slow down capital formation1850471651322010+32.0%020125050244532011320SlovakiaHungaryAustriaIn 2011, banking tax in Hungary was offset by the costs of repayment of foreign currency loans atnon-market rates.
  • 15. 16 May 2013AGM 2013Net profit –Reconciliation to underlying net profit15483.5844.2Underlyingnet profit-360.7Reportednet profitBCRrestructuring22.2Sellingloss EBUA75.0Bankingtaxes187.4Goodwillimpairments456.2Selling gainsreal estate/financialassets56.8Hybridbuybacks323.3• 2012 positive extraordinary effects: EUR 380.1m (post-tax)• 2012 negative extraordinary effects: EUR 740.8m (post-tax)Capital neutral
  • 16. 16 May 2013AGM 2013Dividend –Dividend of EUR 0.4 per share proposed to AGM165-year dividend history in EUR+0.4020120.4020110.0020100.7020090.6520080.65
  • 17. 16 May 2013AGM 2013Balance sheet –Loan/deposit ratio improves to 107.2%175-year loan and deposit history in EUR bn-2.1%+3.5%2011123.12012131.9118.9134.82010117.0132.32009112.0128.82008109.3126.2Customer depositsLoans and advances to customers
  • 18. 16 May 2013AGM 2013Balance sheet –Asset quality stabilises, coverage up18Asset quality summary in %0246810121401020304050607031/12/129.262.630/9/129.263.130/6/129.261.231/3/128.861.931/12/118.561.0NPL coverage (excl. collateral)NPL ratio
  • 19. 16 May 2013AGM 2013Capital –Best capital position since going public in 199719Core tier 1 ratio in %(total risk)11.2%9.4%9.2%8.3%31/12/1231/12/1131/12/1031/12/0911.84831/12/1231/12/1110.68131/12/1011.01931/12/0910.276Core tier 1 capitalin EUR m
  • 20. 16 May 2013AGM 2013Share price performance –Erste Group share up 76.8% in 20122013.5924.03 25.55051015202530+76.8%+6.3%
  • 21. 16 May 2013AGM 2013Q1 13 performance summary –Risk costs declined, BCR improved21Income statement –Q1 13 vs Q4 12Balance sheet –Mar 13 vs Dec 12Asset qualityCapital• Improvement in net result mainly due to negative one-offs in Q4 12• Slight decline in operating income, operating expenses flat• Risk costs decreased significantly on improvements in Austria and Romania• Reported deposits stable at EUR 123.1bn, but strong underlying inflows• Customer loans declined to EUR 130.3bn• Loan/deposit ratio improved to 105.9% vs 107.2%• NPLs increased to 9.4% (Dec 12: 9.2%)• NPL coverage ratio stood at 62.4% (Dec 12: 62.6%)• NPL net inflows declined to EUR 134m yoy, up qoq on lower sales• Core tier 1 ratio (Basel 2.5) stable at 11.2% (Dec 12: 11.2%)• Solvency ratio slightly up to 15.9% as of March 2013 (Dec 12: 15.5%)• Risk-weighted assets flat at EUR 105.1bnIncome statement –Q1 13 vs Q1 12• Net profit of EUR 176.2m supported by significant reduction in risk costs• Decline in net profit due to significant one-off income in Q1 12• Operating result impacted by subdued loan demand and low interest rates• Risk costs declined to 123bps (EUR 402.2m) of average customer loans
  • 22. 16 May 2013AGM 20132222Outlook− Erste Group expects a slight improvement in economic performance forCentral and Eastern Europe in H2 2013, even though growth will remainmoderate− For 2013 Erste Group targets a stable operating result compared to 2012− Slightly lower operating income as a result of moderate loan demand and the lowinterest rate environment is expected to be offset by lower operating costs− A double-digit percentage decline is expected for group risk costs in 2013− Mainly due to declining risk costs in Romania− BCR is expected to return to profitability in 2013
  • 23. Thank you for your attention!
  • 24. Friedrich RödlerChairman of the supervisory boardAgenda items
  • 25. 16 May 2013AGM 2013Second item on the agenda25Appropriation of the profit
  • 26. 16 May 2013AGM 2013Third item on the agenda26Grant of discharge to the members ofthe management board andthe supervisory board
  • 27. 16 May 2013AGM 2013Fourth item on the agenda27Remuneration of the members of thesupervisory board
  • 28. 16 May 2013AGM 2013Fifth item on the agenda28Election to the supervisory board
  • 29. 16 May 2013AGM 2013Sixth item on the agenda29Appointment of an additional auditor
  • 30. 16 May 2013AGM 2013Seventh item on the agenda30Authorisation to acquire own shares for thepurpose of securities trading
  • 31. 16 May 2013AGM 2013Eighth item on the agenda31Authorisation to acquire own shares for nodesignated purpose
  • 32. 16 May 2013AGM 2013Ninth item on the agenda32Authorisation to acquire own participationcertificates for the purpose of securities trading
  • 33. 16 May 2013AGM 2013Tenth item on the agenda33Authorisation to acquire own participationcertificates for no designated purpose
  • 34. 20th Annual General MeetingErste Group Bank AGQ & A
  • 35. 20th Annual General MeetingErste Group Bank AGResolutions
  • 36. 16 May 2013AGM 2013Second item on the agenda36Appropriation of the profit
  • 37. 16 May 2013AGM 2013Third item on the agenda37Grant of discharge to the members ofthe management board andthe supervisory board
  • 38. 16 May 2013AGM 2013Third item on the agenda38a) Discharge of the members of themanagement board
  • 39. 16 May 2013AGM 2013Third item on the agenda39b) Discharge of the members of thesupervisory board
  • 40. 16 May 2013AGM 2013Fourth item on the agenda40Remuneration of the members of thesupervisory board
  • 41. 16 May 2013AGM 2013Fifth item on the agenda41Election to the supervisory board
  • 42. 16 May 2013AGM 2013Fifth item on the agenda42a) Reduction of the number of supervisory boardmembers from ten to nine
  • 43. 16 May 2013AGM 2013Fifth item on the agenda43b) Election of Theresa Jordis to thesupervisory board
  • 44. 16 May 2013AGM 2013Sixth item on the agenda44Appointment of an additional auditor
  • 45. 16 May 2013AGM 2013Seventh item on the agenda45Authorisation to acquire own shares for thepurpose of securities trading
  • 46. 16 May 2013AGM 2013Eighth item on the agenda46Authorisation to acquire own shares for nodesignated purpose
  • 47. 16 May 2013AGM 2013Ninth item on the agenda47Authorisation to acquire own participationcertificates for the purpose of securities trading
  • 48. 16 May 2013AGM 2013Tenth item on the agenda48Authorisation to acquire own participationcertificates for no designated purpose
  • 49. 20th Annual General MeetingErste Group Bank AGThank you for your activeparticipation!

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