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Press conference on 21st August 2015

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Press conference on 21st August 2015

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Press conference on 21st August 2015

  1. 1. A comprehensive overview of the BAMC’s operating results
  2. 2. 2 BAMC is getting it done On track to fulfil its strategic objectives STRATEGIC OBJECTIVES Financial  Redeem the government-guaranteed bonds issued to buy the non- performing assets from the banks, and  To generate the expected return on equity (ROE) on the equity investment made by the Slovenian government Restructuring and Recovery  Intensively manage and improve the quality of the assets to optimise the commercial and recoverable values  When economically justifiable, restructure companies to contribute to sustainable financial and economic recovery and growth in Slovenia
  3. 3. 3 Key performance indicators KPI KPI calculation 2014 2013 CASH GENERATED Cash generated cash generated / NPAs transfer value 11,5% 0,8% PROFITABILITY ROE net income / average equity 21,9% -3,2% CROE (comprehensive ROE) comprehensive income / average equity 10,3% -25,3% EROE (economic ROE) equity / (initial equity - cumulative D1L) - 1 82,8% -3,6% Cost efficiency operating costs / average assets under management 0,98% 0,76% FUNDS RETURNED Funds returned to RS payback / assets invested 4,3% 3,3% Gross funds returned to RS gross payback / assets invested 7,4% 3,3% Debt outstanding debt / initial debt 99,7% 100,1% Guaranteed debt outstanding guaranteed debt / initial guaranteed debt 99,7% 100,1%
  4. 4. 4 Achievements until today 10 points to summarize  Financing, acquisition andd tranfer of non-performing assets from 6 banks  Active management of 563 cases  Effective, value-optimisation driven decision-making  Good cooperation with NPU and the Police on cases with suspicion of criminal activity  Successful restructurings  Active real estate management  Robust and compliant organisation  Clear direction  Generating financial results that are tracking towards our long-term objectives  Recognised as reliable and transparent seller of assets
  5. 5. 5 Realized inflows OPOMBA: Skupaj ustvarjeni prilivi vključujejo 8,0 milijona EUR prilivov iz decembra 2013. 100 0 60 40 300 250 150 100 200 350140 50 120 80 20 0 52,8 17,8 IV-VI 2014I-III 2014 I-III 2015 133,7 18,7 311,5 84,6 mio EUR 25,7 VII-IX 2014 65,9 IV-VI 2015 177,8 mio EUR 40,4 X-XII 2014 137,3 40,1 Total realized inflows (right-hand scale) realized inflows
  6. 6. 6 Net income -4 0 4 8 12 16 20 24 -10 35 25 20 15 40 30 10 0 -5 5 -3,2% 36,4 -5,8 21,9% 2013 8 2014 mio EUR Net income ROE (right-hand scale)
  7. 7. 7 Shareholders’ equity 0 30 150 90 180 120 210 60 39,9 start-up capital day-one losses 203,6 5,8 -107,9 30,6 36,4 mio EUR 83% 95,8 change in the market price of securities 68,0 48,7 net profit or loss 0,1 48,7 175,1 2013 2014
  8. 8. 8 Restructuring and recovery strategy Status as of June 2015 NOTE: PROGRESS IN THE CASE STATUS IS EVALUATED BY THE CASE MANAGERS ON A MONTHLY BASIS. THE NUMBER OF CASES IN RESTRUCTURING/RECOVERY MAY VARY DUE TO NEW CIRCUMSTANCES IN CASE MANAGEMENT OR DUE TO CHANGES IN THE STRATEGY PURSUED BY BAMC. 111 0 50 100 150 200 250 300 350 400 450 500 restructuring 37 96 313 19 465 recovery recovery / bankruptcy in progress transfer and analysis recovery / bankruptcy in progress Case closed
  9. 9. 9 Progress in corporate restructuring NOTE: PROGRESS IN THE CASE STATUS IS EVALUATED BY THE CASE MANAGERS ON A MONTHLY BASIS. THE NUMBER OF CASES IN RESTRUCTURING/RECOVERY MAY VARY DUE TO NEW CIRCUMSTANCES IN CASE MANAGEMENT OR DUE TO CHANGES IN THE STRATEGY PURSUED BY BAMC. 0 20 40 60 80 100 120 jun 2015 101 111 jun 2014 negotiations execution case closed transfer and analysis exit procedures 15 % 68 %
  10. 10. 10 Top cases  Sava  DZS  Avtotehna  Meja Šentjur  AHA Emmi  CPK  Beti  T2  Cimos  Fori  Ihan  Alpina  CGP  Polzela  Litostroj jeklo
  11. 11. 11 What in the near future?  Continued operations at fast pace  New ZUKSB – merger of (parts of) Probanka and Factor banka  Repayment and re-financing of first matured bonds

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