Bayport Management Limited provides credit, insurance, and transactional banking solutions to individuals and microbusinesses in emerging and frontier markets. It has a gross loan book of $863 million comprising loans to 557,000 borrowers across Africa and Latin America. It has established operations in 7 African countries and 2 Latin American countries since 2001. The company has demonstrated strong growth through organic expansion, greenfield launches, and acquisitions. It has a robust business model relying on payroll deductions and debit orders for repayments.
- The bank reported business net income of $78.0 million for 9M15, a 7% increase over the same period last year, driven by a 5% increase in net interest income from higher loan balances.
- Net income was $82.7 million for 9M15, a 17% increase over 9M14, which includes non-core income from participation in investment funds.
- Asset quality remains strong, with non-accrual loans representing only 0.31% of the total loan portfolio and reserves covering non-accrual loans 4.5 times.
Morgan Stanley reported a 35% increase in earnings per share for the first quarter of 2004 compared to the first quarter of 2003. Net income for the quarter was $1.2 billion, up 35% from the prior year. Revenues were $6.2 billion for the quarter, a 14% increase from the first quarter of 2003, driven by strong performance in sales and trading businesses. The company saw record revenues and market share gains in investment banking during the quarter.
- The bank reported a 2% year-over-year decrease in net income for Q2 2015 to $20.2 million, driven by higher credit provisions and lower fees. Net income for the first six months of 2015 increased 11% to $49.1 million.
- Net interest income grew 7% for the first six months due to a 6% increase in average loan balances. However, net interest margin declined slightly to 1.79% for Q2 2015 due to pressure on lending margins.
- The commercial loan portfolio balance increased 7% year-over-year to $7.4 billion as of the end of Q2 2015. Credit quality remained strong with non-accruing loans at
This presentation summarizes the Bank's financial performance for the first quarter of 2015. Key highlights include:
- Net income of $28.8 million, up 23% year-over-year due to higher net interest income and lower operating expenses.
- Net interest margin of 1.84%, up 5 basis points year-over-year from higher loan balances and lower funding costs.
- Commercial portfolio balances of $7.1 billion, up 7% year-over-year, though down 1% quarter-over-quarter.
- Non-accrual portfolio increased to $20.8 million with additional specific reserves of $1.6 million.
- Operating expenses decreased 3% year-
- Bank reported higher profits of $23.5 million in 1Q17, up 76% from previous quarter due to lower provisions for expected credit losses and higher fees and other income.
- Loan portfolio balances declined 5% from previous quarter and 11% year-over-year as the Bank continued efforts to reduce risk concentrations and shift portfolio towards shorter tenors.
- Credit quality remained stable with non-performing loans unchanged from previous quarter at $65 million, representing 1.14% of total loans.
The document provides an earnings summary and outlook for Bladex for 4Q16 and full year 2016. Key highlights include:
- Net interest income grew 7% in 2016 due to higher net lending rates despite lower average portfolio balances.
- Provisions increased due to higher expected credit losses on certain exposures.
- Operating expenses declined due to lower variable compensation and cost savings.
- Bladex expects portfolio growth of around 10% in 2017 with continued diversification and cost control remaining priorities.
CIT reported diluted EPS of $0.95 for the quarter, up 32% from the previous year. Managed assets grew by $3.7 billion or 8% from the previous year. Credit quality trends remained favorable and the return on average tangible equity improved to 15.2%. New business volume increased 32% from the prior year and managed assets grew by 7.5% driven by financing and leasing portfolio growth.
This presentation discusses the Bank's third quarter highlights and financial performance. Some key points:
- Business profit increased 27% quarter-over-quarter and 6% year-to-date, driven by higher net interest income from margin expansion.
- Net interest margin improved to 2.13% as interest rates increased, boosting the yield on earning assets.
- Credit quality remained stable with non-performing loans at 1.31% of the portfolio and reserves covering 1.3x of non-performing loans.
- The outlook is improving as Brazil and Argentina are expected to exit recession in 2017, which will support further growth in the bank's business.
- The bank reported business net income of $78.0 million for 9M15, a 7% increase over the same period last year, driven by a 5% increase in net interest income from higher loan balances.
- Net income was $82.7 million for 9M15, a 17% increase over 9M14, which includes non-core income from participation in investment funds.
- Asset quality remains strong, with non-accrual loans representing only 0.31% of the total loan portfolio and reserves covering non-accrual loans 4.5 times.
Morgan Stanley reported a 35% increase in earnings per share for the first quarter of 2004 compared to the first quarter of 2003. Net income for the quarter was $1.2 billion, up 35% from the prior year. Revenues were $6.2 billion for the quarter, a 14% increase from the first quarter of 2003, driven by strong performance in sales and trading businesses. The company saw record revenues and market share gains in investment banking during the quarter.
- The bank reported a 2% year-over-year decrease in net income for Q2 2015 to $20.2 million, driven by higher credit provisions and lower fees. Net income for the first six months of 2015 increased 11% to $49.1 million.
- Net interest income grew 7% for the first six months due to a 6% increase in average loan balances. However, net interest margin declined slightly to 1.79% for Q2 2015 due to pressure on lending margins.
- The commercial loan portfolio balance increased 7% year-over-year to $7.4 billion as of the end of Q2 2015. Credit quality remained strong with non-accruing loans at
This presentation summarizes the Bank's financial performance for the first quarter of 2015. Key highlights include:
- Net income of $28.8 million, up 23% year-over-year due to higher net interest income and lower operating expenses.
- Net interest margin of 1.84%, up 5 basis points year-over-year from higher loan balances and lower funding costs.
- Commercial portfolio balances of $7.1 billion, up 7% year-over-year, though down 1% quarter-over-quarter.
- Non-accrual portfolio increased to $20.8 million with additional specific reserves of $1.6 million.
- Operating expenses decreased 3% year-
- Bank reported higher profits of $23.5 million in 1Q17, up 76% from previous quarter due to lower provisions for expected credit losses and higher fees and other income.
- Loan portfolio balances declined 5% from previous quarter and 11% year-over-year as the Bank continued efforts to reduce risk concentrations and shift portfolio towards shorter tenors.
- Credit quality remained stable with non-performing loans unchanged from previous quarter at $65 million, representing 1.14% of total loans.
The document provides an earnings summary and outlook for Bladex for 4Q16 and full year 2016. Key highlights include:
- Net interest income grew 7% in 2016 due to higher net lending rates despite lower average portfolio balances.
- Provisions increased due to higher expected credit losses on certain exposures.
- Operating expenses declined due to lower variable compensation and cost savings.
- Bladex expects portfolio growth of around 10% in 2017 with continued diversification and cost control remaining priorities.
CIT reported diluted EPS of $0.95 for the quarter, up 32% from the previous year. Managed assets grew by $3.7 billion or 8% from the previous year. Credit quality trends remained favorable and the return on average tangible equity improved to 15.2%. New business volume increased 32% from the prior year and managed assets grew by 7.5% driven by financing and leasing portfolio growth.
This presentation discusses the Bank's third quarter highlights and financial performance. Some key points:
- Business profit increased 27% quarter-over-quarter and 6% year-to-date, driven by higher net interest income from margin expansion.
- Net interest margin improved to 2.13% as interest rates increased, boosting the yield on earning assets.
- Credit quality remained stable with non-performing loans at 1.31% of the portfolio and reserves covering 1.3x of non-performing loans.
- The outlook is improving as Brazil and Argentina are expected to exit recession in 2017, which will support further growth in the bank's business.
The document summarizes Banco Latinoamericano de Comercio Exterior, S.A.'s (Bladex) unaudited financial results for the year ended December 31, 2015. Key highlights include:
- Net income increased 2% year-over-year to $104 million, driven by higher revenues and lower expenses partially offset by higher credit loss provisions.
- Business net income, which excludes non-core gains/losses, was flat at $99 million year-over-year.
- The commercial loan portfolio grew 3% to $7.2 billion, with growth focused in Central America and the Caribbean.
- Credit quality remained strong with non-performing loans covered
Bladex is a trade finance bank focused on Latin America that has operated since 1979. It has a unique shareholding structure of 23 Latin American governments. The presentation discusses Bladex's business model, which focuses on trade finance throughout the trade value chain in Latin America. It also covers Bladex's financial performance, liquidity management, portfolio management, and growth opportunities. Bladex aims to provide financial solutions and support regional economic integration in Latin America.
10th annual best of uncovered 2015, singular research (los angeles, californi...Bladex
This presentation provides an overview of Bladex, a Latin American trade finance bank. Some key points:
- Bladex has over 35 years of experience in trade finance and is rated investment grade by Moody's, Fitch, and S&P.
- It has a unique shareholder structure of 23 Latin American central banks and financial institutions.
- Bladex focuses on providing trade finance and related services to corporations and financial institutions across Latin America.
- It maintains a conservative risk profile and strong asset quality, with non-performing loans at just 0.06% of its commercial portfolio.
This corporate presentation by Banco Latinoamericano de Comercio Exterior, S.A. provides an overview of the bank as of December 31, 2016. It highlights Bladex's leading franchise in Latin American trade finance, with a 36-year track record. Bladex has a unique shareholder structure consisting of 23 Latin American central banks. The presentation outlines Bladex's business model, strategy focused on diversification, prudent risk management practices, and solid financial performance in recent years as shown by metrics such as return on average equity of 8.8% in 2016.
Blx corporate presentation 1q17 bd conf london 3 4 may 17Bladex
1) Deutsche Bank held a conference in London on May 3-4, 2017 to discuss its Andean Region business.
2) The presentation included forward-looking statements and disclaimed risks and uncertainties that could impact Deutsche Bank's expectations.
3) Deutsche Bank has a leading franchise in the region with a solid track record, as demonstrated by various financial highlights provided from 2015 to the first quarter of 2017.
The Group reported a loss of $1.37 million for 2016, compared to a profit of $0.54 million in 2015. The balance sheet grew 13% to $2 billion, driven by a 33% increase in cash and short-term funds. Net interest income increased to $104.1 million but non-interest income was flat. Loan impairment charges increased due to lower recoveries, but asset quality is improving. Operating expenses increased due to one-off acquisition costs, but the Group is focused on cost reductions in 2017. The outlook remains challenging due to economic conditions, but the Group will focus on revenue initiatives including digital projects.
Citigroup reported strong third quarter results for 2000, with core income rising 27% to $3.1 billion compared to the third quarter of 1999. Key highlights included:
- Global Consumer core income rose 17% to $1.32 billion, driven by growth in North American cards, mortgage banking, and Asia.
- Global Corporate and Investment Bank core income increased 40% to $1.59 billion, with strong performances from Salomon Smith Barney and emerging markets banking.
- Global Investment Management and Private Banking core income grew 14% to $176 million, with increased revenues across asset management, private banking, and retirement services.
The document reports on the bank's 2Q16 earnings results. It discusses solid business performance in a challenging quarter, with total quarterly credit disbursements up and stable net margins. However, net profit decreased QoQ due to higher credit provisions to address isolated restructuring cases and recovery efforts. Asset quality remains strong and the syndications platform executed five new deals in Q2. The outlook for the remainder of the year is positive with economic stabilization and projected portfolio growth of around 3% for 2016 and stable net interest margin of around 2%. Key financial metrics such as earnings per share, return on equity and assets, efficiency ratio and capital ratios are reported.
- The presentation summarizes the bank's 2Q17 earnings results, highlighting an 8.1% ROAE for the first half of 2017. Key highlights included lower NII and NIM from declining loan balances, improved fee income from syndication transactions, and higher provisions resulting in increased reserve coverage. The bank maintained a strong capital position with a Tier 1 Basel III ratio of 20.3% and continues its strategy of reducing risk through lower country, industry, and client concentrations. Forward-looking statements were provided but actual results may differ due to various risk factors.
Ideas conference, three part advisors, llc (chicago, illinois) corporate pres...Bladex
Bladex is a leading trade finance bank focused on Latin America. It has a unique shareholder structure of 23 Latin American central banks and a long track record of success since 1979. Bladex provides integrated financial solutions across the Latin American trade value chain. It aims to leverage its regional expertise, client relationships, and funding sources to generate sustainable returns while supporting trade and economic development in Latin America. Bladex maintains a conservative risk profile and strong capital and liquidity positions.
The bank reported financial results for the first quarter of 2016, with business profit increasing 11% quarter-over-quarter and 2% year-over-year. Net profit increased 1% quarter-over-quarter but decreased 22% year-over-year due to negative non-core results from investment funds. Higher interest rates increased net interest income and margins. Credit quality remained stable with non-performing loans at 0.43% and allowance coverage of 3.4 times non-performing loans. Operating expenses decreased while efficiency ratios improved. Return on equity decreased from prior periods due to non-core investment fund results.
This corporate presentation by Banco Latinoamericano de Comercio Exterior, S.A. provides an overview of the bank and its business. Key points include:
- Banco Latinoamericano is the leading Latin American trade finance bank, providing integrated financial solutions across Latin America's foreign trade value chain. It has a unique shareholder structure of Latin American central banks.
- The bank has a strong track record, being the first Latin American bank listed on the NYSE and rated investment grade. It maintains investment-grade credit ratings from Moody's, Fitch, and S&P.
- The bank focuses on trade finance, working capital loans, and treasury services. It has a diversified
The document provides an interim financial report for ABC Holdings for the six months ended 30 June 2011. Some key highlights include:
- Pre-tax profits increased 84% to BWP63 million compared to the prior year.
- Attributable profits to shareholders increased 33% to BWP37 million.
- The balance sheet surpassed BWP7.4 billion (US$1.1 billion) for the first time.
- Most subsidiaries reported strong growth in revenues, loans, and deposits.
- The group posted pleasing financial results for 2005 with improvements across key performance indicators, despite adverse conditions in some markets.
- Total group assets increased to $1.9 billion in 2005 from $1.8 billion in 2004. Return on average shareholders' funds was 30% and net asset value per share was 31.7 thebe.
- The document provides an overview of the group's financial highlights and performance for 2005, as well as comments on the global, Botswana and Mozambique economic environments that year.
- Morgan Stanley reported $1.2 billion in net income for Q2 2004, a 104% increase over Q2 2003. Diluted earnings per share were $1.10.
- Institutional Securities saw a 184% increase in pre-tax income due to record revenues in fixed income and strong results in equities and investment banking.
- The Individual Investor Group more than doubled pre-tax income from the prior year's second quarter.
- Morgan Stanley's Chairman and CEO said all businesses performed well, with Institutional Securities achieving near record revenues and continued market share gains, positioning the firm strongly for long term growth.
Morgan Stanley Dean Witter announced record full-year and fourth quarter results. For the full year, net income was $5.5 billion, up 14% from the prior year. Fourth quarter net income was $1.2 billion, down 26% from the previous year's fourth quarter. The company's securities, asset management, and credit services businesses all achieved record annual net income. The board also declared a 15% increase in the quarterly dividend to $0.23 per share.
Morgan Stanley reported record first quarter results for 2006, with net revenues of $8.5 billion, up 24% from the previous year. Net income was $1.6 billion, a 17% increase, while diluted earnings per share were $1.54. All of Morgan Stanley's major business segments achieved record or near-record results, including Institutional Securities which saw a 36% rise in net revenues. The company directed additional resources to areas seeing major growth like emerging markets and leveraged finance. Morgan Stanley also continued international expansion and reorganized some business divisions to drive better performance.
Este documento apresenta o desenvolvimento de um sistema de locação de filmes chamado Telecine Mozer. O sistema possui frontend com lista de filmes cadastrados e painel administrativo para cadastro e gerenciamento. É apresentado o código do site e prints de telas como login, painel administrativo e cadastro de filmes. Diagramas de banco de dados e caso de uso também são incluídos.
A pesquisa entrevistou 11 professores sobre o uso da tecnologia no ensino. A maioria usa textos digitais, apresentações multimídia, imagens e vídeos para leitura, enquanto alguns usam hipertextos, páginas da Web, blogs, fotologs e wikis para tornar os alunos autores. A maioria vê os alunos como leitores dos recursos tecnológicos.
The document outlines Moon and Star Athletics, a proposed women's athletic apparel brand. The brand aims to make women of all ages, sizes, and body types feel comfortable and confident in their workout clothing. It will offer affordable basics like yoga pants, sports bras, and tanks in a variety of prints and colors. The target market is women ages 25-50. Moon and Star Athletics plans to sell through Athleta and Gap stores as well as online platforms. Its goal is to inspire women to be their most powerful selves through exercise and activity.
Textual analysis of ‘seek bromance’ and erik prydezmeganmalc
Within the Nu-Disco genre, typical codes and conventions include dance, bright colors, minimal clothing, club scenes, and narratives unrelated to lyrics. The music videos for "Call on Me" and "Seek Bromance" follow these conventions through their depictions of dancing, colorful costumes, and club settings. They also use techniques like fast editing and low camera angles that help set the wild, energetic atmosphere typical of the genre. Both videos aim to relate to young audiences by portraying themes of love, sexuality, and partying that teenagers can identify with.
The document summarizes Banco Latinoamericano de Comercio Exterior, S.A.'s (Bladex) unaudited financial results for the year ended December 31, 2015. Key highlights include:
- Net income increased 2% year-over-year to $104 million, driven by higher revenues and lower expenses partially offset by higher credit loss provisions.
- Business net income, which excludes non-core gains/losses, was flat at $99 million year-over-year.
- The commercial loan portfolio grew 3% to $7.2 billion, with growth focused in Central America and the Caribbean.
- Credit quality remained strong with non-performing loans covered
Bladex is a trade finance bank focused on Latin America that has operated since 1979. It has a unique shareholding structure of 23 Latin American governments. The presentation discusses Bladex's business model, which focuses on trade finance throughout the trade value chain in Latin America. It also covers Bladex's financial performance, liquidity management, portfolio management, and growth opportunities. Bladex aims to provide financial solutions and support regional economic integration in Latin America.
10th annual best of uncovered 2015, singular research (los angeles, californi...Bladex
This presentation provides an overview of Bladex, a Latin American trade finance bank. Some key points:
- Bladex has over 35 years of experience in trade finance and is rated investment grade by Moody's, Fitch, and S&P.
- It has a unique shareholder structure of 23 Latin American central banks and financial institutions.
- Bladex focuses on providing trade finance and related services to corporations and financial institutions across Latin America.
- It maintains a conservative risk profile and strong asset quality, with non-performing loans at just 0.06% of its commercial portfolio.
This corporate presentation by Banco Latinoamericano de Comercio Exterior, S.A. provides an overview of the bank as of December 31, 2016. It highlights Bladex's leading franchise in Latin American trade finance, with a 36-year track record. Bladex has a unique shareholder structure consisting of 23 Latin American central banks. The presentation outlines Bladex's business model, strategy focused on diversification, prudent risk management practices, and solid financial performance in recent years as shown by metrics such as return on average equity of 8.8% in 2016.
Blx corporate presentation 1q17 bd conf london 3 4 may 17Bladex
1) Deutsche Bank held a conference in London on May 3-4, 2017 to discuss its Andean Region business.
2) The presentation included forward-looking statements and disclaimed risks and uncertainties that could impact Deutsche Bank's expectations.
3) Deutsche Bank has a leading franchise in the region with a solid track record, as demonstrated by various financial highlights provided from 2015 to the first quarter of 2017.
The Group reported a loss of $1.37 million for 2016, compared to a profit of $0.54 million in 2015. The balance sheet grew 13% to $2 billion, driven by a 33% increase in cash and short-term funds. Net interest income increased to $104.1 million but non-interest income was flat. Loan impairment charges increased due to lower recoveries, but asset quality is improving. Operating expenses increased due to one-off acquisition costs, but the Group is focused on cost reductions in 2017. The outlook remains challenging due to economic conditions, but the Group will focus on revenue initiatives including digital projects.
Citigroup reported strong third quarter results for 2000, with core income rising 27% to $3.1 billion compared to the third quarter of 1999. Key highlights included:
- Global Consumer core income rose 17% to $1.32 billion, driven by growth in North American cards, mortgage banking, and Asia.
- Global Corporate and Investment Bank core income increased 40% to $1.59 billion, with strong performances from Salomon Smith Barney and emerging markets banking.
- Global Investment Management and Private Banking core income grew 14% to $176 million, with increased revenues across asset management, private banking, and retirement services.
The document reports on the bank's 2Q16 earnings results. It discusses solid business performance in a challenging quarter, with total quarterly credit disbursements up and stable net margins. However, net profit decreased QoQ due to higher credit provisions to address isolated restructuring cases and recovery efforts. Asset quality remains strong and the syndications platform executed five new deals in Q2. The outlook for the remainder of the year is positive with economic stabilization and projected portfolio growth of around 3% for 2016 and stable net interest margin of around 2%. Key financial metrics such as earnings per share, return on equity and assets, efficiency ratio and capital ratios are reported.
- The presentation summarizes the bank's 2Q17 earnings results, highlighting an 8.1% ROAE for the first half of 2017. Key highlights included lower NII and NIM from declining loan balances, improved fee income from syndication transactions, and higher provisions resulting in increased reserve coverage. The bank maintained a strong capital position with a Tier 1 Basel III ratio of 20.3% and continues its strategy of reducing risk through lower country, industry, and client concentrations. Forward-looking statements were provided but actual results may differ due to various risk factors.
Ideas conference, three part advisors, llc (chicago, illinois) corporate pres...Bladex
Bladex is a leading trade finance bank focused on Latin America. It has a unique shareholder structure of 23 Latin American central banks and a long track record of success since 1979. Bladex provides integrated financial solutions across the Latin American trade value chain. It aims to leverage its regional expertise, client relationships, and funding sources to generate sustainable returns while supporting trade and economic development in Latin America. Bladex maintains a conservative risk profile and strong capital and liquidity positions.
The bank reported financial results for the first quarter of 2016, with business profit increasing 11% quarter-over-quarter and 2% year-over-year. Net profit increased 1% quarter-over-quarter but decreased 22% year-over-year due to negative non-core results from investment funds. Higher interest rates increased net interest income and margins. Credit quality remained stable with non-performing loans at 0.43% and allowance coverage of 3.4 times non-performing loans. Operating expenses decreased while efficiency ratios improved. Return on equity decreased from prior periods due to non-core investment fund results.
This corporate presentation by Banco Latinoamericano de Comercio Exterior, S.A. provides an overview of the bank and its business. Key points include:
- Banco Latinoamericano is the leading Latin American trade finance bank, providing integrated financial solutions across Latin America's foreign trade value chain. It has a unique shareholder structure of Latin American central banks.
- The bank has a strong track record, being the first Latin American bank listed on the NYSE and rated investment grade. It maintains investment-grade credit ratings from Moody's, Fitch, and S&P.
- The bank focuses on trade finance, working capital loans, and treasury services. It has a diversified
The document provides an interim financial report for ABC Holdings for the six months ended 30 June 2011. Some key highlights include:
- Pre-tax profits increased 84% to BWP63 million compared to the prior year.
- Attributable profits to shareholders increased 33% to BWP37 million.
- The balance sheet surpassed BWP7.4 billion (US$1.1 billion) for the first time.
- Most subsidiaries reported strong growth in revenues, loans, and deposits.
- The group posted pleasing financial results for 2005 with improvements across key performance indicators, despite adverse conditions in some markets.
- Total group assets increased to $1.9 billion in 2005 from $1.8 billion in 2004. Return on average shareholders' funds was 30% and net asset value per share was 31.7 thebe.
- The document provides an overview of the group's financial highlights and performance for 2005, as well as comments on the global, Botswana and Mozambique economic environments that year.
- Morgan Stanley reported $1.2 billion in net income for Q2 2004, a 104% increase over Q2 2003. Diluted earnings per share were $1.10.
- Institutional Securities saw a 184% increase in pre-tax income due to record revenues in fixed income and strong results in equities and investment banking.
- The Individual Investor Group more than doubled pre-tax income from the prior year's second quarter.
- Morgan Stanley's Chairman and CEO said all businesses performed well, with Institutional Securities achieving near record revenues and continued market share gains, positioning the firm strongly for long term growth.
Morgan Stanley Dean Witter announced record full-year and fourth quarter results. For the full year, net income was $5.5 billion, up 14% from the prior year. Fourth quarter net income was $1.2 billion, down 26% from the previous year's fourth quarter. The company's securities, asset management, and credit services businesses all achieved record annual net income. The board also declared a 15% increase in the quarterly dividend to $0.23 per share.
Morgan Stanley reported record first quarter results for 2006, with net revenues of $8.5 billion, up 24% from the previous year. Net income was $1.6 billion, a 17% increase, while diluted earnings per share were $1.54. All of Morgan Stanley's major business segments achieved record or near-record results, including Institutional Securities which saw a 36% rise in net revenues. The company directed additional resources to areas seeing major growth like emerging markets and leveraged finance. Morgan Stanley also continued international expansion and reorganized some business divisions to drive better performance.
Este documento apresenta o desenvolvimento de um sistema de locação de filmes chamado Telecine Mozer. O sistema possui frontend com lista de filmes cadastrados e painel administrativo para cadastro e gerenciamento. É apresentado o código do site e prints de telas como login, painel administrativo e cadastro de filmes. Diagramas de banco de dados e caso de uso também são incluídos.
A pesquisa entrevistou 11 professores sobre o uso da tecnologia no ensino. A maioria usa textos digitais, apresentações multimídia, imagens e vídeos para leitura, enquanto alguns usam hipertextos, páginas da Web, blogs, fotologs e wikis para tornar os alunos autores. A maioria vê os alunos como leitores dos recursos tecnológicos.
The document outlines Moon and Star Athletics, a proposed women's athletic apparel brand. The brand aims to make women of all ages, sizes, and body types feel comfortable and confident in their workout clothing. It will offer affordable basics like yoga pants, sports bras, and tanks in a variety of prints and colors. The target market is women ages 25-50. Moon and Star Athletics plans to sell through Athleta and Gap stores as well as online platforms. Its goal is to inspire women to be their most powerful selves through exercise and activity.
Textual analysis of ‘seek bromance’ and erik prydezmeganmalc
Within the Nu-Disco genre, typical codes and conventions include dance, bright colors, minimal clothing, club scenes, and narratives unrelated to lyrics. The music videos for "Call on Me" and "Seek Bromance" follow these conventions through their depictions of dancing, colorful costumes, and club settings. They also use techniques like fast editing and low camera angles that help set the wild, energetic atmosphere typical of the genre. Both videos aim to relate to young audiences by portraying themes of love, sexuality, and partying that teenagers can identify with.
Este documento apresenta o desenvolvimento de um sistema de locação de filmes chamado Telecine Mozer. O sistema possui frontend com lista de filmes cadastrados e painel administrativo para cadastro e gerenciamento. É apresentado o código do site e prints de telas como login, painel administrativo e cadastro de filmes. Diagramas de banco de dados e caso de uso também são incluídos.
This document discusses the logos and motifs of several popular artists. It explains the meaning and origins behind logos for Will.I.Am, The Stone Roses, Red Hot Chili Peppers, and ACDC. The logo for Will.I.Am represents his album "#WILLPOWER" and he prominently featured it in advertising. The Stone Roses logo references the 1968 Paris riots and is iconic for the band. Red Hot Chili Peppers' logo was designed by Anthony Kiedis and has various interpretations. ACDC's lightning bolt motif plays on ideas of energy and electricity. It also examines motifs for Avicii, which encodes his name, and how motifs help audiences identify artists.
The document discusses the "Male Gaze" theory, which proposes that media and works of art typically present women from the perspective of heterosexual men, focusing on their sexual features and objectifying them rather than recognizing their full humanity. Feminists believe the gaze can be used in three ways - how men look at women, how women look at other women, and how women see themselves. The document outlines each perspective and notes that while the male gaze often objectifies and shapes women's self-image negatively, the theory has also been criticized as outdated as women can use the gaze to find empowerment from other women as role models.
Este documento descreve uma atividade sobre hipertexto e bullying para cursistas de formação continuada em tecnologia educacional. A atividade inclui objetivos de pesquisa usando a internet e compreensão da importância da tecnologia. Os alunos irão pesquisar sobre bullying, produzir um texto informativo sobre o tema e reescrever coletivamente o texto usando recursos como o LIED e data show. A avaliação ocorrerá ao longo da atividade com a participação e produção textual dos alunos.
Este documento fornece um resumo de três artigos da primeira edição da Revista PICLISTBR:
1. "Direto da China" discute as oportunidades e desafios de comprar produtos eletrônicos diretamente da China pela internet, listando alguns sites confiáveis.
2. "Construindo uma Sonda Lógica" explica como construir um dispositivo para verificar níveis lógicos e pulsos em circuitos digitais usando contadores e LEDs.
3. "Layout de PCI" inicia uma discussão sobre a importância
- In FY2016, Yellow Brick Road's loan book grew 30% to $37.8 billion and settlements grew 28% to $15.9 billion, driven by strong marketing campaigns. However, growth slowed in the second half due to lender policy changes affecting offshore borrowers.
- The company reset its structure in the second half of FY2016 to improve focus on wealth management by realigning incentives and removing a level of management. For FY2017, the focus will be on driving efficiencies and delivering the wealth management model.
- Underlying EBITDA was negative $3.9 million in FY2016 compared to positive $2.3 million in FY2015, due to higher
Yellow Brick Road Holdings Limited is a disruptor on track to become the leading non-bank financial services company in Australia by 2020. Yellow Brick Road’s branded network offers Australian families a better, more local alternative to the banks. A one stop shop for all financial services, with innovative products that are great value and easy to implement. A trusted network of expert local business owners delivers customer engagement that the banks can’t match.
The Vow Financial business provides independent mortgage brokers a business platform with a broad array of services and true choice in service packages versus conventional aggregators.
Yellow Brick Road Holdings Limited is a growth stock that offers investors the ability to share in the upsides that the aging population offers wealth companies, underpinned by a proven mortgage based customer acquisition model. During this growth phase, Yellow Brick Road Holdings Limited will reinvest profits in pursuit of these goals.
HSBC's Africa & Middle East region contributes significantly to the Group's overall performance. The region benefits from HSBC's global network and has a differentiated franchise in 25 markets. While there are some macroeconomic headwinds, long-term structural growth is supported by trends like growing populations, urbanization, and infrastructure demand. HSBC is executing on strategic priorities like digitization, partnerships, and optimizing low-returning markets to drive further improvement in financial performance and support sustainable growth in the region.
Nationwide Financial Services reported strong financial results in 2006. Net operating earnings increased 16% to $708 million, driven by a 3% increase in total revenues to $4.4 billion. Total assets grew 3% to $119.4 billion. The company achieved record net operating earnings, strong cash flows, and made progress on initiatives to strengthen the business. Variable annuity sales rebounded significantly from 2005. Overall, the company had an excellent year that met or exceeded its aggressive financial and operational goals.
- Discover Financial reported a 5% increase in diluted EPS to $1.35 for Q1 2016. Revenue net of interest expense grew 2% to $2.2 billion, as loan growth offset the lack of mortgage income. Provision for loan losses increased 9% due to a higher reserve build. Expenses grew 1% as increases in compliance costs offset reductions from exiting mortgage origination. Credit quality improved with net charge-offs up 3% and delinquency rates mostly stable.
BBVA provides a fixed income presentation summarizing their performance in 1Q18. Key points include:
- Net attributable profit increased 9.4% year-over-year to €1,340 million, driven by growth across all regions.
- Sound asset quality with the NPL ratio at 4.4% and cost of risk at 0.85%.
- Capital levels remained strong with a CET1 ratio of 11.5% on a proforma basis.
- The company emphasized continued diversification, prudent risk management, and progress on their transformation strategy.
Bladex presentación de llamada en conferencia 2 trim15 (inglés)Bladex
- The bank reported a 2% year-over-year decrease in net income for Q2 2015 to $20.2 million, driven by higher credit provisions and lower fees. Net interest income increased 7% from higher average loan balances.
- Credit quality remained strong with non-accruing loans at 0.3% of total loans and allowance coverage of non-accruing loans at 4.4 times.
- Operating expenses were well controlled and the efficiency ratio improved to 33%. However, fees and other income declined 33% due to fewer structured deals closing in the quarter.
Pine is a Brazilian bank focused on providing financial solutions to corporate clients. It has a long history dating back to 1939 and focuses on establishing long-term client relationships. The bank has three primary business lines: corporate credit, financial instruments and commodities trading (FICC), and investment banking services. In 3Q15, Pine emphasized deleveraging its loan portfolio due to Brazil's worsening economic conditions, pre-paid some funding obligations, and continued reducing expenses to maintain strong capital ratios and asset quality.
The document is Banco PINE's 3Q09 earnings release which highlights the following:
- Loan portfolio and deposits expanded in 3Q09 as the economic scenario gradually improved. Non-performing loans declined 40 bps.
- Operating income increased 9.1% in 3Q09 driven by growth in the corporate loan portfolio and total deposits. Financial margin was impacted by deleveraging and lower interest rates but would be 80 bps higher excluding early payroll loan repayments.
- Loan portfolio quality remains high with 96.8% of loans rated AA-C in September. The coverage ratio of non-performing loans was 100.2%.
- Capital adequacy ratio was a comfortable
The document provides an interim financial report for Transaction Capital Ltd for the period ending 31 March 2013. Key highlights include:
- Total income increased 22% to R2.5 billion and headline earnings increased 36% to R233 million.
- Gross loans and advances grew 27% to R10.8 billion, with asset-backed lending growing 17% and unsecured lending growing 40%.
- Each division's performance is reviewed, with most divisions growing earnings except for a slower growth in asset-backed lending.
- The group remains well capitalized with a capital adequacy ratio of 34.4% and is pursuing further growth opportunities both within existing divisions and through new areas like regional expansion.
The document provides an annual report for Transaction Capital Limited for the 2012 financial year. It includes the following key information:
- Total income and gross loans & advances increased significantly by 21% and 34% respectively. Normalized headline earnings grew 31% while ROE declined due to equity raised.
- The strategic focus is on competitive positioning of each business unit and creating additional value through collaboration within the group.
- A review of each division shows generally strong growth across asset backed lending, unsecured lending, and credit services. Payment services also grew while maintaining a large ATM network.
- Financially, the group has strong capital adequacy levels and growth in net asset value per share despite slowing returns as equity was
This document contains forward-looking statements about the Bank's performance and business outlook. It notes several factors that could cause actual results to differ from expectations, such as credit growth, interest rates, economic conditions, strategy execution, credit quality, and regulatory changes. It then provides an overview of the Bank, including its shareholder structure, ratings, business lines in financial intermediation, structuring, and treasury, regional focus in Latin America, and adherence to world-class governance and risk management standards.
The document is ABC Holdings Limited's 2011 annual report. It provides an overview of ABC Holdings, which is the parent company of a number of banks operating in sub-Saharan Africa. Key highlights from 2011 include total income increasing 21% to BWP659 million, attributable profit to shareholders increasing 24% to BWP83 million, and total assets increasing 53% to BWP9.2 billion. The report also summarizes economic conditions in ABC Holdings' markets in 2011, which generally saw continued growth despite challenges from the global economic slowdown.
This document contains a disclaimer and forward-looking statements regarding Bladex's presentation. It then provides a summary of Bladex's business including that it is the leading Latin American trade finance bank, has a unique shareholder structure of 23 Latin American central banks, and focuses on strategic sectors in the region like oil and gas. The presentation discusses Bladex's strategy of leveraging its origination capacity, developing emerging businesses, building new businesses, and strengthening its core business. It also highlights Bladex's focus on asset quality, diversified funding sources, conservative liquidity management, and solid financial performance and capitalization.
The document discusses HSBC's commercial banking business, highlighting its strong financial performance in the first half of 2007, with revenue up 23% and profit before tax up 20%. It focuses on the growth opportunities in developing markets in Asia, Latin America, and the Middle East, as well as HSBC's strategies to become the leading international business bank and best bank for small businesses in target markets globally. The presentation also provides regional overviews of commercial banking performance and strategies for Asia, North America, Latin America, Europe, and highlights of the closing remarks.
This document provides a summary of Pine Bank's 2nd quarter 2011 earnings conference call. Key highlights included a 7.9% increase in corporate credit portfolio, 14.7% increase in net income, and improvement in other key performance indicators. The credit portfolio grew in a diversified manner across sectors and products while maintaining quality. Funding also grew with quality and diversity. Analyst coverage of Pine Bank remains positive with an average target price above the current stock price. Pine Bank reiterated its guidance for 2011 with 20-25% growth in corporate credit portfolio and a 17-20% return on equity.
- Discover Financial reported first quarter 2017 financial results, with diluted EPS of $1.43, up 6% year-over-year. Revenue grew 5% to $2.3 billion due to an 8% increase in net interest income, partially offset by higher rewards expense. Credit performance remained stable compared to historical levels.
Bladex presentación de llamada en conferencia 3 trim15 (inglés)Bladex
- The bank reported business net income of $78.0 million for 9M15, a 7% increase over the same period last year, driven by a 5% increase in net interest income from higher loan balances.
- Net income was $82.7 million for 9M15, a 17% increase over 9M14, which includes non-core income from participation in investment funds.
- Asset quality remains strong, with non-accrual loans representing only 0.31% of the total loan portfolio and reserves covering non-accrual loans 4.5 times.
The document provides financial information and performance highlights for Macquarie Infrastructure Company (MIC) and its operating businesses for the second quarter of 2013. Key points include:
- Proportionately combined free cash flow was $46.7 million for the quarter, down slightly from the previous year.
- International-Matex Tank Terminals saw higher revenue but lower free cash flow due to increased maintenance capital expenditures.
- Hawaii Gas had lower contribution margin due to declining gas consumption.
- Atlantic Aviation saw improved performance from lower debt and interest expenses.
- MIC reiterated its guidance for proportionately combined free cash flow of $4.10-$4.20 per share for the full year 2013.
Citigroup reported record earnings for the first quarter of 2000, with core income rising 49% to $3.6 billion compared to the same period last year. Several of Citigroup's business lines saw double-digit earnings growth, including Global Consumer (up 23%), Global Corporate and Investment Bank (up 36%), and Global Investment Management (up 26%). Strong performance across all regions and business segments was driven by favorable global market conditions. Return on equity was 30% and the company repurchased $1.2 billion in stock during the quarter.
Similar to Bayport Q3 2015 Investor Update Published (20)
Lado Gurgenidze, former Prime Minister of Georgia, discusses key economic reforms that transformed Georgia since the Rose Revolution in 2003. These include lowering taxes to a flat rate, targeting inflation, removing import tariffs and simplifying business regulations. As a result, Georgia experienced high GDP growth, declining debt, and became one of the freest economies in the world. Gurgenidze argues the sustainability of reforms that are pervasive, permanent, quantifiable and affect citizens' daily lives, such as low flat taxes and ease of business. Reforms at risk of being reversed are niche, complex and non-quantifiable.
Bank of Kigali Announces Changes in Board of DirectorsLado Gurgenidze
Bank of Kigali is the largest bank in Rwanda, established in 1966 with over 300,000 customers. Marc Holtzman was elected the new Chairman of the Board of Directors, replacing outgoing Chairman Lado Gurgenidze who has served since 2009. Under Gurgenidze's leadership, Bank of Kigali grew from 18 branches in 2009 to 73 currently, with cumulative asset growth of 232% and net loan growth of 236%. Both the CEO and outgoing Chairman praised Gurgenidze's contributions in transforming Bank of Kigali into the leading bank in Rwanda.
LG Conservative Party Conference Speech Sep 08Lado Gurgenidze
1) Georgian Prime Minister Lado Gurgenidze gave a speech thanking British Conservative Party leader David Cameron for his early support and condemnation of Russian aggression when Russia invaded Georgia.
2) Gurgenidze argued that supporting Georgia's sovereignty and democratic aspirations is important for geopolitical and moral reasons, as Russia sets a dangerous precedent by invading Georgia and attempting to redraw borders.
3) Gurgenidze praised Georgia's transition to a liberal democracy and vibrant free market economy with low taxes and regulations, and expressed hope that Georgia can continue progressing despite current challenges from Russia.
The Georgian government has submitted the Global Competitiveness of the Financial Services Sector Act to Parliament. If passed, it would enact significant reforms to boost the stability and competitiveness of Georgia's financial system. Key reforms include lowering the personal income tax rate, establishing investment funds to manage fiscal surpluses, creating special economic zones, strengthening banking regulations, and implementing tax incentives for financial instruments to develop capital markets. The goal is to develop Georgia into a regional financial center through a modern and competitive regulatory framework.
Georgia can be a guiding light to other states The TelegraphLado Gurgenidze
Lado Gurgenidze, the Prime Minister of Georgia, discusses how Georgia has transformed from a failing state with widespread poverty and corruption in 2004 to a growing economy with a GDP of over £6.3 billion and 10% growth in 2008 through extensive economic reforms and deregulation. He highlights how London has become Georgia's most important economic partner, providing over £700 million in portfolio investment and £1 billion in loans to Georgian banks and corporations. Despite recent Russian invasion, Gurgenidze expresses hope that with support from allies like Britain, Georgia can continue its democratic and economic progress and become a model for other emerging markets.
- Prior to 2003, Georgia had a failing economy with widespread corruption and bureaucracy, low foreign investment, high unemployment, and subsistence-level agriculture.
- After reforms beginning in 2004 under President Saakashvili, Georgia experienced high GDP growth rates over 8% annually through 2008, increased foreign investment and exports, and a growing middle class.
- Key reforms included aggressive privatization, tax code simplification, banking sector growth, trade liberalization, reduced bureaucracy, and increased economic freedom, transforming Georgia into one of the freest economies globally according to indexes.
Government of Georgia Submits the Draft Liberty ActLado Gurgenidze
The Georgian government submitted drafts of constitutional amendments and the Liberty Act to the president. The Liberty Act seeks to enshrine Georgia's successful economic policies by capping budget expenditures and deficits, banning extrabudgetary funds and earmarks, prohibiting increases in licenses and regulations, banning price controls and state ownership of banks, and empowering citizens through social program vouchers rather than funding institutions directly. It would also require nationwide referendums for any new or increased taxes. The prime minister commented that the act addresses concerns about maintaining reforms by constitutionally enshrining key policies to prevent policy drift or reversal.
BoG Alert 19 November 2007 Renaissance CapitalLado Gurgenidze
Bank of Georgia's chairman, Lado Gurgenidze, has been nominated as Prime Minister of Georgia, which is good news for the country but bad news for the bank. While Gurgenidze's leadership has been key to the bank's success in creating almost $1 billion in shareholder value, his departure may place short-term pressure on the stock price. However, the bank's story is not a one-man show and interim leadership is in place. The analyst maintains a HOLD rating on Bank of Georgia stock.
The Georgian economy has suffered substantial direct and indirect damage from the Russian invasion that may prove irreversible without support. Direct damage is estimated at over $1 billion, or 10% of GDP. Key threats include erosion of consumer and investor confidence. Erosion of consumer confidence could require $200-400 million in bank provisions, depriving the economy of $0.8-1.5 billion in lending. Erosion of investor confidence means $2-3 billion less in foreign investment, depriving the economy of 4-5% growth and pressuring the currency. Urgent economic and financial support is needed to recover from the invasion's impact.
Bank of Georgia reported strong results for the first nine months of 2007. Net income increased 188% year-over-year to $30.1 million. Total assets grew 181% to $1.45 billion, driven by a 125% increase in net loans to $770.3 million. Revenue increased 107% to $90.1 million as net interest income rose 115% and non-interest income grew 94%. The loan portfolio became more diversified across business lines and industries. Asset quality remained stable with non-performing loans at 2.3% of gross loans and loan loss reserves covering 129.9% of non-performing loans.
Bank of Georgia reported strong quarterly and year-to-date results for Q3 and 9 months of 2007. Net income grew 179% to $11.2 million for Q3 and 188% to $30.1 million for the first 9 months compared to the same periods in 2006. Total operating income increased 105% to $33.9 million for Q3 and 107% to $90.1 million for the first 9 months, driven by growth in net interest and non-interest income. The bank continued expanding its loan portfolio, increasing its market share, and raising additional capital and debt funding to support its ongoing growth.
Bank of Kigali Announces Reviewed Q3 2015 & 9M 2015Lado Gurgenidze
Bank of Kigali is the largest bank in Rwanda, with over 31% market share. In Q3 2015, the bank reported:
- Total assets of RWF 525.1 billion, an 8.3% increase year-over-year.
- Net loans of RWF 295.0 billion, growing 32.2% year-over-year.
- Net income of RWF 5.3 billion, a 3.4% decrease quarter-over-quarter but 23.9% increase year-over-year.
Standard & Poor's and FitchRatings credit ratings for Georgia are reported. The document then summarizes the impact of the conflict on different sectors of the Georgian economy in August and the government's response. It concludes by outlining international support for Georgia and projections that the economy will recover, with donors pledging $4.5 billion in aid over three years.
2. Introduction To Bayport Management Ltd
2
Notes:
(1) Unless otherwise noted, metrics in this presentation are as at 30 September 2015
(2) Currently licensed for deposit-taking in Ghana, Zambia and Mozambique
(3) For definitions please see page 36
Bayport is a provider of credit, insurance and transactional banking solutions to individuals and micro businesses in
emerging and frontier markets
Currently engaged in lending to individuals in seven markets in Africa and two markets in Latin America
Gross loan book of US$863 mln1 comprising loans outstanding to 557 K borrowers1
414.9 K lives insured1, with 9M 2015 Gross Written Premium of US$25.3 million
Established in 2001, Bayport is managed by the two founders collectively possessing over 35 years of consumer
finance experience…
The founder joint CEOs beneficially own 17.8% of Bayport
…capably aided by the group senior management team…
14 group executives from various cultures and backgrounds with the average tenure with the company of 5 years
Strong alignment of interest with the shareholders through KPIs-based performance pay and 1% equity
ownership
…with the business driven locally by time-tested partners
Local management and key partners own between 5% and 40% of the local subsidiaries in eight (out of nine)
markets
Demonstrated track record of profitable growth…
Gross Loans 2010-2014 CAGR 71%
Revenue (Operating Income) 2010-2014 CAGR 29%
Average ROAE 2010-2014 of 28.3%
…achieved through a balanced mix of organic growth, greenfield expansion and disciplined acquisitions
Robust and unique business model…
Extensive footprint with 406 branches in Africa and 64 branches in Latin America, with many branches suited for
the delivery of a broader range of financial solutions
Origination effort led by 5,115 agents, aided by outbound call centres
Responsible lending of (typically) 48-60 month instalment loans with the centrally managed credit underwriting
function and rigorously enforced monthly payment affordability thresholds
Relying for repayments on the payroll deduction at source in eight (out of nine) markets and on debit order
collection in South Africa
Top-line synergies from insurance cross- and up-sell enhance profitability
Demonstrated track record of entering new markets in a disciplined fashion, “exporting the business model” and
scaling the business (since 2011: Colombia, Mozambique and Mexico)
Successful launch of the MyMoney modern transactional banking solution expected to drive customer loyalty
and retention while laying the foundation for off-payroll, relationship-based lending and deposit funding2
…provides the basis for further organic growth in the under-penetrated markets where Bayport is present, as well as
attractive new markets…
…with robust equity structure and established track record of access to debt markets ensuring sufficient funding for
future growth
Marquee institutional shareholders comprising the PIC (the largest asset manager in Africa), Helios, Kinnevik
Borrowing relationships with the IFIs, including the IFC, OPIC, IDB and KfW (via the ALCB Fund)
Four senior unsecured and subordinated bond issues in the European markets since 2010, with the aggregate
issuance volume of US$439 million equivalent
Securitisation programme in South Africa since 2011
Local-currency bond issues and credit facilities
Source: Company information
1 Total shareholders’ equity;
2 9M 2015 Net interest income and 9M 2015 Net income annualised to calculate net interest margin and
RoAA, RoAE, respectively;
Note: Net interest margin = net interest income / average gross loans; cost-to-income = operating
expenses / revenue
Summary key financial metrics
Directors
and
founders
18% PIC
21%
Helios Investment Partners
18%
Investment AB Kinnevik
24%
Local management /
partners/ other
19%
Current shareholding structure
US$ mln (unless otherwise specified) 2014 9M Sep-15
Net loans 864.6 752.2
Borrowings 833.9 712
Shareholders equity¹ 225.9 219.1
Net interest income 189.5 124.9
Operating income (Revenue) 255.4 162.3
Net income 52.1 27
Net interest margin (%)² 20.3% 17.7%
Cost-to-income ratio (%) 54.5% 61.5%
Equity to total assets (%) 19.8% 21.2%
RoAA (%)2
5.0% 3.3%
RoAE (%)² 22.6% 16.2%
3. Bayport has a unique pan sub-Saharan African footprint and a growing Latin
American presence
3
Bayport's geographic footprint Segment reporting
Colombia
Mexico
South Africa
Ghana
Mozambique
Botswana
Zambia
Tanzania
Uganda
Source: Company information
1Net interest income annualised to calculate the net interest margin
2Net interest margin = net interest income / average gross loans
Key comments
MyMoney transactional banking & off-payroll lending
pilot scaling up in Ghana
MyMoney to be rolled out in Mozambique in 2016
Deposit-taking pilot starting in Zambia in December 2015
Robust loan book growth in Zambia, Ghana, Colombia &
Tanzania
Mozambique and Mexico offer high growth potential
Business reengineering and rejuvenation and cost
containment in South Africa
Southern Africa,
63.2%
West Africa,
11.0%
East Africa,
12.9%
Latin America,
12.9%
Net Loans
Southern Africa West Africa East Africa Latin America
Southern Africa,
67%
West Africa, 11%
East Africa, 14%
Latin America, 8%
Revenue, 9M 2015
Southern Africa West Africa East Africa Latin America
As of 9M to Sep ‘15 (US$ mln)
Southern
Africa
West Africa East Africa Latin America
Net interest income 76.5 20.5 15.9 11.3
Operating Income (Revenue) 105.7 22.3 17.3 13.4
Gross Loans 589.6 97.1 83.8 94.6
Net loans 449.4 91.3 78.4 91.4
Total assets 563.8 102.9 85.4 129.2
Shareholder's Equity 128.9 24.7 20.6 6.0
Shareholder loans 117.7 49.9 51.1 73.3
Borrowings 291.2 17.0 11.3 41.6
Total Liabilities 434.9 78.3 64.8 123.2
Net interest margin (%)12
11.8% 21.9% 18.3% 11.8%
Equity to total assets (%) 22.9% 23.9% 24.1% 4.7%
For definitions please see page 36
As At 30 September 2015
4. Geographic Overview
4
2001
557k customers
8 080 total employees, of
which
5,115 sales force
470 branches
US$1,758 average loan
amount
41 months average loan term
2003/2006
Focus: Mining sector
and civil service
133K customers
1,755 employees, of which
1,206 sales force
56 branches
Net loan book US$91m
Average Loan Term – 40
YTD Average Loan Size at
Disbursement – US$810
YTD Average Monthly Number
of Loans Disbursed – 4,581
YTD Average Monthly Cash
Disbursements – US$3.4m
2011
Focus: Civil service
22K customers
787 employees, of which
540 sales force
29 branches
Net loan book US$72m
Average Loan Term – 56
YTD Average Loan Size at
Disbursement – US$4,467
YTD Average Monthly Number
of Loans Disbursed – 1,174
YTD Average Monthly Cash
Disbursements - US$3.9m
2014
Focus: Civil service
17K customers
367 employees, of which
211 sales force
35 branches
Net loan book US$19m
Average Loan Term – 34
YTD Average Loan Size at
Disbursement – US$1,376
YTD Average Monthly Number
of Loans Disbursed – 1,253
YTD Average Monthly Cash
Disbursements - US$1.3m
2012
Focus: Civil service
16K customers
567 employees, of which
418 sales force
12 branches
Net loan book US$33m
Average Loan Term – 56
YTD Average Loan Size at
Disbursement – US$1,995
YTD Average Monthly
Number of Loans Disbursed
– 1,403
YTD Average Monthly Cash
Disbursements - US$2.6m
2014
Focus: Public and private
sector
170K customers
2,298 employees, of which
1,268 sales force
94 branches
Net loan book US$250m
Average Loan Term - 31
YTD Average Loan Size at
Disbursement - US$1,946
YTD Average Monthly Number
of Loans Disbursed – 3,866
YTD Average Monthly Cash
Disbursements - US$6.2m
2006
Focus: Civil service
57K customers
1 061 employees, of which
792 sales force
125 branches
Net loan book US$54m
Average Loan Term –51
YTD Average Loan Size at
Disbursement – US$766
YTD Average Monthly
Number of Loans Disbursed
– 4,498
YTD Average Monthly Cash
Disbursements - US$2.0m
2004
Focus: Civil service
38K customers
500 employees, of which
272 sales force
41 branches
Net loan book US$24m
Average Loan Term – 55
YTD Average Loan Size at
Disbursement – US$926
YTD Average Monthly
Number of Loans Disbursed
– 678
Average Monthly
Disbursements – US$337k
2002
Focus: Mining sector
and civil service
94K customers
367 employees, of which
240 sales force
64 branches
Net loan book US$128m
Average Loan Term – 34
YTD Average Loan Size at
Disbursement – $2,217
YTD Average Monthly Number
of Loans Disbursed – 6,228
YTD Average Monthly Cash
Disbursements – US$9.0m
(1) Employees include agents
(2) Unless otherwise noted, metrics in this presentationare as of 30 September 2015
(3) For definitions please see page 36
(4) The dates and percentageson this page refer to equity interest owned by Bayport Management Ltd and year of the market entry
2010
11K customers
246 employees, of which
168 sales force
14 branches
Net loan book US$38m
Average Loan Term - 54
YTD Average Loan Size at
Disbursement - US$4,115
YTD Average Monthly Number
of Loans Disbursed – 1,168
YTD Average Monthly Cash
Disbursements - US$1.8m
90%/74%
83%
99.96%
60%
85% 89%
95%
100%
95%
Bayport
Management Ltd
5. History And Development
5
2001
BML incorporated in BVI
Seed funding from Brait SE
2002
2003
2004
2005
2006
2007
2008
Bayport South Africa establishes BaySec
Securitisation programme
2010
Moneyquest (Pty) Ltd starts trading as Bayport Botswana following
BML purchase of majority of shares
Investment AB Kinnevik becomes largest shareholder with 31.39%
ownership
BML issues debut bond in Sweden for SEK 700m
2011
Bayport enters Latin American market with majority acquisition of
FiMSA S.A., now Bayport Colombia.
BaySec securitization programme is listed on the Johannesburg
Stock Exchange.
2012
KfW lends BML subordinated debt finance
Bayport Mozambique incorporated
Investment AB Kinnevik increases ownership to 46.1%
BML sets up a Mezzanine note programme in Sweden
BML issues second bond in Sweden of SEK 700m
2013
Long term incentive plan (LTIP) for key management established
BML listed “by way of introduction” on Stock Exchange of Mauritius
Helios Investment Partners invests USD 100m to acquire 23% of
BML thus enabling the 100% acquisition of Bayport South Africa
BML issues third bond of SEK 600m in Sweden
Acquisition of Bayport South Africa
2014
BML taps third bond with an additional nominal of SEK 200m in
Sweden
BML issues SEK 650m subordinated debt in Sweden
Majority shares in Financiera Fortaleza acquired in Mexico
BML changes year end from March to December
MyMoney & micro lending launched in Ghana
2015
PIC invests $149m for 20.81% of BML
Landmark US$250 mln 7 yr credit facility approved by OPIC
Record US$50 mln, 5yr credit facility led by the Inter-
American Development Bank obtained by Bayport
Colombia
SMART Campaign certification obtained by Bayport
Botswana
BML issues bond of SEK 1.1bn in Sweden
First lending operation in Zambia established to
service mineworkers on the Copper Belt
Bayport enters West Africa by opening in Ghana
Bayport Uganda incorporated
Bayport South Africa starts trading (outside of the
BML group)
BML migrates from BVI to Mauritius
Bayport Tanzania incorporated and CFC (Ghana)
acquired
Management buyout of Brait SE
South AfricaZambia Ghana TanzaniaUganda Botswana MozambiqueColombia Mexico
20132002 2003 20062004 2010 20122011 2014
Market entry
6. Bayport has a unique focus on the attractive segment of
lending to individuals in frontier & emerging markets
6
Presence focused on highly attractive and rapidly growing markets
Unique combination of a regional network yet with a local presence
High growth, high margin operations
Strong risk management policies
Visionary & experienced management team
1
2
3
4
5
7. Presence focused on highly attractive and rapidly growing
markets
7
Real GDP growth (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0% SouthAfrica
Mexico
Colombia
Uganda
Botswana
Zambia
Tanzania
Mozambique
Ghana
CEE
EMAsia
World
2011-2015 2016-2020F
The regional growth rates represent the real GDP growth (%) for all countries in the category weighted by 2015 real GDP (US$ mln); CEE consists of
Bulgaria, Czech Republic, Hungary, Poland, Romania and Turkey; EM Asia consists of Indonesia, Malaysia, Philippines, Thailand and Vietnam
Bayport’s markets have shown strong growth which is expected to be sustained
over the medium term
1
Source: IMF, World Bank
8. Sustained growth in SSA has led to a sharp rise in the bankable
population
8
Source: IMF, World Economic Outlook database, Financial Access Survey database, World Bank, FinScope, UNCTAD, McKinsey Global Institute
1 GDP per capita based on purchasing-power-parity (“PPP”); 2 Household income brackets (based on PPP): consuming middle class (US$10,000-$20,000), emerging consumers (US$5,000-10,000), disposable income households
(>US$5,000); 3 As measured by FinScope and includes formal and informal banking services; 4 Based on adult (age 18+) population
(4%)
(2%)
0%
2%
4%
6%
8%
10%
'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14E '15E '16E
GDPpercapita1growth(%chg)
Sub-Saharan Africa Advanced economies
18 27
41
29
41
56
0%
10%
20%
30%
40%
50%
60%
0
20
40
60
80
100
120
140
2000 2008 2020F
%oftotalhouseholds
Households(mm)
163 196 244
Consuming middle class² (LHS)
Emerging consumers² (LHS)
Disposable income households² (RHS)
# Total households (mm)
36%
43%
52%
289
311
377
556
43
61 61
115
4 5 6 7
2004 2007 2010 2013
Deposit accounts (per 1,000 adults)
Loan accounts (per 1,000 adults)
Bank branches (per 100,000 adults)
86%
73%
67%
54%
75%
72%
85%
73%
South Africa
Namibia
Botswana
Malawi
Kenya
Rwanda
Uganda
Tanzania
62%
48%
54%
45%
67%
47%
70%
44%
% of banked population4
(2014)
(2011)
(2009)
(2014)
(2013)
(2012)
(2013)
(2013)
(2004)
(2007)
(2004)
(2008)
(2010)
(2009)
(2009)
(2009)
Countries in which Bayport operates
Consistent growth in SSA’s GDP per capita over the last decade… Commercial bank accounts & branches in SSA have risen in the past
decade
…has led to a fast growing middle-class and higher disposable
incomes in SSA
Financial inclusion3 in several key SSA economies had also increased
1
9. Significant sector growth potential exists in SSA, given low banking
penetration, rapid growth of mobile money and the informal banking and
unsecured lending sectors ready for transformational change
9
Nigeria
South
Africa
Angola
Kenya
GhanaTanzania
DRC
Cameroon
Zambia
Uganda
Gabon
Senegal
Botswana
Republic of Congo
Chad
Zimbabwe
Mozambique
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
-10% 0% 10% 20% 30% 40% 50% 60%
Depositswithcommercialbanksin2013(%ofGDP)
Formally banked adult population¹ (%)
Source: IMF, Financial Access Survey database, World Bank, Global Financial Development Indicators, Demirgüç-Kunt and Klapper (2012), African Development Bank
1 As measured by the World Bank and is the percentage of population older than 15 years with an account at a formal financial institution (e.g. bank, credit union, microfinance institution, post office, etc)
0%
Bubble size = Population in 2013
2,535
1,846
1,546
1,119
850
681
556
692
501
284
542
178 190
115
Advanced
economies
CEE CIS Latin
America
& Caribbean
Developing
Asia
MENA SSA
Deposit accounts (per 1,000 adults) Loan accounts (per 1,000 adults)
Countries in which Bayport operates
Banking penetration of major SSA economies, 2013 Commercial bank accounts by region (2013)
1
10. Regional network, local presence
Local partners and management are
true champions of the brand and
business
Local wisdom is critical to our success
Local partnership is rare
Reflects our confidence to lead rather
than to follow
The countries’ people are in the
business
Work with the regional executives
Entrepreneurial interests are very
aligned
Group holding company
Manages the various regulatory, funding,
treasury and governance functions across
the group
Driver of the Bayport business philosophy
and ethos as encapsulated in the
“Bayport Way”
Keeper of the medium- and long-term
strategies
Defines the framework and sets the
general agenda
Guides and sets up for success
Operational and function support for the in-country operations
Initiated and implements group wide policies, technology, operational best practice and other initiatives
Four areas of excellence
1. Optimisation
Group Finance
Group Credit
Group Modeling and
Business Intelligence
Group Internal Audit
Group Risk
Management
3. Corporatisation
Strategy development
Product development
Geographic development
Debt and Capital Markets
Investor relations
Mergers & Acquisitions
2. Innovation
Information Technology infrastructure,
design, deployment and support
Information Technology governance and
security
Information Technology operations and
service management
Business Platform development and support
Business Change and Project Management
4. Harmonisation
Brand, Marketing and Communications
Human Capital and Performance Management
Learning and Development
Group Collaborations
Integrated Reporting
Financial Wellness
Operations best practice
Lending and Collecting
10
Bayport
Management
Limited
Local
Partnerships
Bayport International
Group Support (BIGS)
2
For definitions please see page 36
11. 9M 2015
New loans issued 9M ‘15,
US$ mln
56.1 16.4 81.1 23.3 18.3 3.0 30.4 35.0 12.0 275.5
Average loan amount
advanced Q3 ‘15 (US$)
1,698 3,882 2,138 1,892 502 863 760 4,362 1,347
Average loan term at
disbursement Q3 ‘15,
months
29 54 37 57 53 55 39 62 34
# of loans 000’s 211.4 11.5 101.5 18.2 62.6 38.6 132.9 22.8 16.7 616.2
# of active clients, 000’s 170 11 94 16 57 38 133 22 17 557
Loan yield, % 28.0%* 38.7% 38.9% 38.4% 39.7% 43.3% 50.0% 31.7% 46.7% 29.5%
Gross loans, US$ mln 380.9 40.8 130.2 33.2 57.0 28.1 98.2 74.7 20.3 864
Net loans, US$ mln 250.3 38.3 128.1 32.7 54.4 24.1 91.3 72.1 19.3 710
LLR to gross loans1
, % 38.2% 5.9% 1.6% 1.5% 4.8% 13.3% 6.9% 3.5% 5.0% 17.6%
NPL Coverage Ratio2
, % 149.7% 88.4% 69.8% 165.2% 70.0% 82.5% 76.9% 51.9% 84.3% 130.9%
NPL ratio3
, % 25.5% 6.6% 2.2% 0.9% 6.8% 16.1% 9.0% 6.7% 5.9% 13.5%
Collection rates4
, % 77.8% 93.3% 96.7% 90.8% 94.4% 80.4% 93.1% 87% 91.9%
Seasoning5
29.0 10.5 11.0 6.4 15.7 20.7 17.5 14.8 5.9
High growth, high margin operations: Cross section of
operations
11
South Africa Zambia GhanaTanzania UgandaBotswana Mozambique Colombia Mexico
3
1. Average loan loss provisions/Gross loans for quarter
2. Average loan loss provision/Non-performing loans for quarter
3. Average non-performing loans/Gross loans for quarter
4. Actual collections for the quarter/Due to be collected for the quarter
5. Seasoning refers to the weighted average months on book
* South African loan book does not include the written-off loans
For definitions please refer to page 36
Total
12. High growth, high margin operations
12
3
Gross Loan Book Margin Evolution1
Revenue vs. Cost Evolution (US$ mln)2
# Of Loans Outstanding
1. Effective Loan yield = Revenue for the period/Average Gross Advances
2. Revenue and costs for 2014 and 2015 normalized at average 2013 FX rates
For definitions please see page 36
Note: gross loans converted at YE 2013 exchange rates in order to eliminate
the currency depreciation effect across all countries of Bayport’s operations
429
1,119
1,316
0
200
400
600
800
1,000
1,200
1,400
2013 2014 9M 2015
US$ mln
For illustrative purposes only
For illustrative purposes only
31.5%
27.3%
23.1%
12.5%
13.9% 13.5%
28.0%
20.3%
17.7%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
2013 2014 9M 2015
Effective Loan Yield Cost of funds Net Interest Margin
13. Strong Risk Management Policies - Payroll Loan Book
Recency as a % of Gross Payroll
Loan Book
Arrears and Recency (Stacked)
Balance in Arrears as a % of
Gross Payroll Loan Book
13
Recency Quarterly Vintage Analysis
DPD 90 + Quarterly Vintage Analysis
Notes:
1Unless otherwise noted all metrics in this presentation are as at 30 September 2015
2Balance in arrears includes loan principal plus any accrued interest & fees
3Value in arrears includes loan principal only and is an approximate value based on a one month first cycle collection delay
4For all vintages denominator value is equal to original principal debt (“OPD”) and numerator value is equal to loan principal plus recognised but not received interest & fees
5Recency classification means last payment exceeding three months ago
Estimated Total Value in Arrears as % of Gross Loan Book: 7.02%
4
For definitions please see page 36
14. Strong Risk Management Policies Cont’d – Payroll Loan Book
Consolidated Payroll Business Performance based on Arrears & Recency YE ‘14 & Sep ‘15 (Stacked)
14
Note: Unless otherwise noted, metrics in this presentation are as at 30 September 2015 excluding Mexico
4
Considerable improvement YTD in the DPD 60-89 and DPD 90+ buckets
Stable quality YTD in the DPD 0-29 and DPD 30-59 buckets
For definitions please see page 36
15. Strong Risk Management Policies Cont’d – Payroll Loan Book
NPL Recovery Analysis by Disbursements- % of Total Loans (Volume)
NPL Recovery Analysis by Disbursements- % of Total Loans
(Volume Stacked)
Remaining NPL Loans by Disbursements - Split by Administrative reasons & Credit Risk (Stacked)
15
4
NPLs arising due to the payroll-related administrative reasons tend to be cured over time
Strong recovery profile of the NPLs driven by the efficient collection practices
For definitions please see page 36
Note: Unless otherwise noted, metrics in this presentation are as at 30 September 2015 excluding Mexico
16. Highly skilled management team
16
5
Source: Company data
Industry experience Experience at Bayport
David Rogers
Chief Innovation Officer
Bryan Arlow
CEO of South Africa
Stuart Stone– Joint Chief Executive Officer
Co-founder of Bayport in 2001
Founded Credit Direct (JV with African Bank Limited)
15+ 14
Grant Kurland – Joint Chief Executive Officer
Co-founder of Bayport in 2001
Worked with Stuart at Credit Direct and African Bank Limited (Head of Sales)
15+ 14
John White
Chief Harmonisation
Officer
Christo Koch
Group Finance
Executive
215
Ted Kristensson
Group Executive:
Latin America &
Corporate Affairs
37
Paul Rodgers
Head: Strategy &
Research
320
Stephen
Williamson
Group Executive:
Finance & Risk
8 7
Key Management Team Years in Industry Years at Bayport
619
David Rajak
Head: Capital
Markets
Ettienne
Myburgh
Head: Insurance
219
Etienne
Coetzer
Head: East Africa
1415
Paul Silverman
Group Executive:
Southern & West
Africa
618
Sandro
Rtveladze
Group Head:
Retail Banking
6
315 2221119
1
Pablo Montesano
Group Executive:
Mexico
118
18. South Africa
Shareholders
18
Zambia GhanaTanzania UgandaBotswana Mozambique Colombia Mexico
83% 95% 95% 89% 85% 90% 99.96% 60% 100%
CFC Ghana
74%
PIC
21% of BML
Local Management/
Partners/Other
19% of BML
Directors &
Founders
18% of BML
Helios Investment
Partners
18% of BML
Investment AB
Kinnevik
24% of BML
Equity interest owned by
Bayport Management Ltd
19. 9M 2015 Highlights1
19
Operating Income (Revenue) US$162.3 mln, down 16% y-o-y (up 4.8% y-o-y net of FX impact)
Net Income US$27.0 mln, down 34% y-o-y (down 21.3% y-o-y net of FX impact)
Annualised ROAA2 3.1%, annualised ROAE2 15.1%
Robust performance despite continuing FX headwinds; the Bayport FX Index3 down 12.8% for 9M 2015
Resilient
Performance
9M 2015 loan disbursements (issued cash) US$275.5 mln, down 7.4% y-o-y (up 10.9% y-o-y net of FX
impact)
Gross Loans down 12.9% YTD (up 14.6% YTD at YE’14 FX rates)
46,086 new borrowers acquired YTD, compared to 268,958 new borrowers acquired in 9M 2014
4,766 active4 MyMoney users as at 30 September 2015, up from 557 as at YE 2014
Growth
Key metrics impacted by FX headwinds
Annualised NIM 17.7%, down 280 bps y-o-y
Blended Cost Of Funds5 13.5%, down 40 bps y-o-y
Cost/Income Ratio 61.5%, up from 51.2% in 9M 2014
Operating Leverage -17%, as compared to 13.8% in 9M 2014
Core Profitability
& Operational
Efficiency
Cash & Equivalents US$107.8 mln as at 30 September 2015, or 10.3% of Total Assets, up 64% YTD
Undrawn credit facilities US$43.5 mln as at 30 September 2015
Landmark US$250 mln 7 year credit facility approved by OPIC
Record US$50 mln 5 year credit facility led by the Inter-American Development Bank obtained by Bayport
Colombia
The Public Investment Corporation (www.pic.gov.za), the largest asset manager in Africa acquired (in
June 2015) a 21% equity interest in Bayport Management Limited for the gross consideration of
US$149 mln
Liquidity &
Capitalisation
Mexico is scaling up well; payroll codes for 1 million individuals obtained
NovaLend, the new proprietary IT platform, ready for soft launch in Botswana and Colombia
SMART Campaign certification obtained by Bayport Botswana
Other
Developments
1All figures in US$ unless otherwise noted.
2Annualised.
3The Bayport FX Index is an index that tracks the relative currency movements of the countries that Bayport is exposed to, weighted by the size of gross loan book in each country
4An active user is an individual who has signed up for an account and deposited funds into his/her account
5 Blended cost of funds equals interest expense for the period divided by average interest-bearing liabilities for the period
For definitions please see page 36
20. 9M 2015 Financial Overview
20
Total Operating Income (Revenue)
US$162 million
- 15.9% y-o-y
+ 4.8% y-o-y at the average 9M ‘14 FX rates
9M 2014: US$193 million
Net Operating Income
US$132 million
+5.9% y-o-y
+34.1% y-o-y at the average 9M 2014 FX rates
9M 2014: US$124 million
Profit Before Provisions
US$69 million
-42.5% y-o-y
-30.6% y-o-q at average 9M 2014 FX rates
9M 2014: US$118 million
Net Income
US$27 million
-34.2% y-o-y
-21.3% y-o-y at the average 9M ‘14 FX rates
9M 2014: US$41 million
Return On Average Equity
15.6%
9M 2014: 24.69%
Return On Average Assets
3.3%
9M 2014: 6.1%
Cost to Income Ratio
61.5%
9M 2014: 51.2%
Leverage (Times)
3.72x
YE ‘14: 4.05x
Cost Of Risk
4.3%
9M 2014: 9.9%
Gross Loans
US$863 million
-13% YTD
YE 2014: US$991 million
+16% YTD at YE 2014 FX rates
Net Loans
US$752 million
-13% YTD
YE 2014: US$817 million
+18% YTD at YE 2014 FX rates
Liquid Assets*
US$107.8 million
+64% YTD
YE 2014: US$65.8 million
+74% YTD at YE 2014 FX rates
Branches
470
+7.3% YTD
YE 2014: 438
Number Of Agents
5,115
+21.5% YTD
YE 2014: 4,209
Number Of MyMoney Users
4,766**
+756% YTD; YE 2014: 557
Number Of Borrowers
557,135
+9.0% YTD; YE ‘14: 511,049
Number Of Loans
616,343
YE ’14: 581,579, +6.0% YTD
Number Of Loans Excluding South Africa:
404,898
YE ‘14: 334,461, +16.1% YTD
Number Of Loans Disbursed:
209,189
9M 2014: 213,238, -1.9% y-o-y
Number Of Loans Disbursed Excluding South
Africa: 174,394
9M 2014: 150,826, +15.6% y-o-y
* Liquid assets include cash balances with banks
** c. 20 K as of Nov ‘15For definitions please see page 36
21. Diversified Portfolio
21
Revenue Split By Country (US$ ‘000s) Revenue Split By Country
YE 2014 9M 2015
New Loans Issued Gross Loan Portfolio Split By Product
YE 2014 9M 2015
Payroll Loans,
52%
Unsecured
Consumer
Loans (South
Africa), 47%
344,275 loans outstanding
237,304 loans outstanding
South Africa,
53.7%
Zambia, 13.0%
Botswana, 3.1%
Mozambique,
0.5%
Tanzania, 7.4%
Uganda, 4.4%
Ghana, 11.8%
Colombia, 5.9% Mexico,
0.2%
South Africa, 39.1%
Zambia, 19.8%
Botswana, 4.5%
Mozambique, 3.3%
Tanzania, 6.8%
Uganda, 4.1%
Ghana, 14.0%
Colombia, 5.7%
Mexico, 2.7%
For definitions please see page 36
55 54 56
69
97 95
106 100
92 86
98
45
38 39
46
75
69
71
63
66
64
79
0
10
20
30
40
50
60
70
80
90
-10
10
30
50
70
90
110
130
150
Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15
'000sUS$ mln
Loans issued by value (LHS) Loans issued by number (RHS)
22. Operating Efficiency Has Stabilised
22
Structure Of Operating Expenses Cost/Income Ratio
Funding Costs, Operating & Provision
Expenses
Cost to income ratio deterioration a
consequence of young businesses
not yet at scale and the FX impact
* Q4’14 Cost to Income Ratio normalised for one-off US$4.2 million provision of bonuses
37.2 33.9
10.3 13.5
51.2 52.4
9M '14 9M '15
Personnel costs Sales & marketing Other expenses
98.7 99.8
US$ million
12.6 12.1 12.4
16.8
12.7
9.0
12.2
3.5 3.2 3.6
5.9
4.0
4.3
5.2
16.9 16.8 17.5
17.8
17.4
17.4
17.6
Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 Q2 '15 Q3'15
33 32 34
41
34
31
35
For definitions please see page 36
76 81
41 21
99
100
9M '14 9M'15
US$ million
24 26 26 28 27 27 26
20 21
27 27
13 9 9
33 32
34
41
34
31 35
Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 Q2 '15 Q3'15
Funding costs Provision Expense Operating Expenses
23. Lower Cost Of Risk And Conservative Asset Quality Management
23
NPLs As % Of Gross Loans (excluding South
Africa)
Gross Loan Book Split By Aging (SA)
Cost Of Risk (excluding South Africa)
Cost Of Risk (South Africa)
For definitions please see page 36
24. Portfolio Statistics
223,643 loans issued in 9M 2015
Total loan disbursements (cash issued) in 9M 2015 – US$275.5
million (-7.4% y-o-y)
616,343 loans outstanding as at 30 September 2015
Gross loans reached US$863 million
Net loan book reached US$752.2 million as at 30 September
2015
Average loan size at disbursement varies from US$744 in Ghana
to US$4,467 in Colombia
51% of the 9M ’15 loan disbursements consist of loans below
US$1,000
Average tenor at disbursement varies by country from 31 to 56
months
24
Net Loan Book By Country, Q3 ‘15Summary
Number of Loans Outstanding per
Country
Portfolio Split By Average Loan Amount
at Disbursement %/US$, Q3 ‘15
For definitions please see page 36
25. Product Overview
25
Payroll Loan Unsecured Consumer Loan
South AfricaZambia GhanaTanzania UgandaBotswana Mozambique Colombia Mexico
Term Up to 84 months Up to 60 months
Topical Use Education, Housing, Small Business Education, Housing, Loan Consolidation
Fee Initiation fees
Credit life insurance
Initiation fees
Credit life insurance
Monthly service fees
Size Average loan size at disbursement of US$
1,724 during 9M to September 2015
Average loan size at disbursement of US$
1,946 during 9 months to September 2015
Repayment Payments deducted at source (payroll)
before the borrower receives the net salary
Payments deducted directly from borrowers
bank account
Markets Zambia, Ghana, Tanzania, Uganda,
Botswana, Mozambique, Colombia, Mexico
South Africa
Share in total
portfolio
56% of gross loan portfolio as of Q3 ‘15 44% of gross loan portfolio as of Q3 ‘15
For definitions please see page 36
26. Financial Overview – 9M 2015 Income Statement
26
For Illustrative Purposes Only
Summary Unaudited 9M 2015 Income Statement (9M
‘15 Numbers Converted At 9M ‘14 Average Exchange
Rates)
Summary Unaudited 9M 2015 Income Statement
Constant currency variance reflects the results on a constant currency basis excluding the impact of the strengthening US$ dollar against
the relevant African, Latin American and European (SEK) currencies year over year (i.e. reflects the operational performance variance).
Excluding the currency impact, the variance from 9M 2014 to 9M 2015 net profit would only have been negative US$8.7 million.
US$ 9M 2014 9M 2015 Growth y-o-y
Interest income 217,868,085 205,471,317 -5.7%
Interest expense (76,245,998) (80,607,272) 5.7%
Net interest income 141,622,087 124,864,045 -11.8%
Net non-interest income 51,402,842 39,560,502 -23.0%
Operating income 193,024,932 162,277,717 -15.9%
Operating expenses (98,749,736) (99,841,674) 1.1%
Foreign exchange G/L 36,574,067 5,463,904 -85.1%
Pre-provision income 118,173,115 67,900,070 -42.5%
Net impairment of loans and advances (68,032,045) (29,908,499) -56.0%
Movements in carrying value of written off book 18,261,327 (5,456,226) -129.9%
Net impairment of goodwill (12,676,148) - -100.0%
Profit/(Loss) before taxation 50,141,070 37,991,571 -24.2%
Taxation (9,084,711) (10,988,474) 21.0%
Profit/(Loss) for the year 41,056,359 27,003,097 -34.2%
Profit/(Loss) for the period attributable to:
Owners of the company 40,607,408 28,210,666 -30.5%
Non-controlling interest 448,951 (1,207,569) -369.0%
US$ 9M 2014 9M 2015 Growth y-o-y
Interest income 217 868 085 245 456 971 12.7%
Interest expense (76 245 998) (89 049 710) 16.8%
Net interest income 141 622 087 156 407 261 10.4%
Net non-interest income 51 402 842 45 800 853 -10.9%
Operating income 193 024 932 202 208 114 4.8%
Operating expenses (98 818 472) (120 726 537) 21.8%
Foreign exchange G/L 36 574 067 1 189 463 -96.7%
Pre-provision income 118 173 115 81 961 966 -30.6%
Net impairment of loans and advances (68 032 045) (34 647 835) -49.1%
Movements in carrying value of written off book 18 261 327 6 181 561 -66.1%
Net impairment of goodwill (12 676 148) -100.0%
Profit/(Loss) before taxation 50 141 070 47 314 131 -5.6%
Taxation (9 084 711) (14 998 992) 65.1%
Profit/(Loss) for the year 41 056 359 32 315 139 -21.3%
Profit/(Loss) for the period attributable to:
Owners of the company 40 607 408 28 407 809 -30.0%
Non-controlling interest 448 951 3 907 331 770.3%
For definitions please see page 36
28. Financial Overview – Key Ratios
28For definitions please see page 36
Loan Book Performance Sep-14 Sep-15
No of new loans issued 213,238 223,643
New loans issued (US$ mln) 297.9 275.5
Loan book growth in local currency (%)
South Africa 4.8% -2.2%
Botswana 16.4% 14.5%
Mozambique 236.6% 230.6%
Zambia 30.7% 37.5%
Tanzania 11.8% 23.3%
Uganda 30.1% 7.8%
Ghana 35.0% 26.6%
Colombia 34.1% 15.1%
Mexico 96.3%
New loans issued/gross loans (e-o-p) 0.27 0.32
Average loan size (US$)
Payroll 1785 1724
Non-payroll 1845 1946
Average loan term (months)
Payroll 39.1 43.3
Non-payroll 37.3 31.5
Non performing loan ratio (%)
Payroll 5.1% 6.0%
Non-payroll 37.3% 25.5%
LLR to gross loans (%)
Payroll 2.9% 4.4%
Non-payroll 28.7% 38.2%
Non performing loan coverage (%)
Payroll 57.1% 74.0%
Non-payroll 76.9% 149.7%
Net loans/total assets (%) 83.1% 72.7%
Total equity/total assets (%) 22.2% 21.2%
Operating Metrics 9M 2014 9M 2015
No of branches 412 470
Branch growth, y-o-y (%) 93.00% 14.1%
No of agents 4,641 5,115
Agent growth, y-o-oy (%) 93.40% 10.2%
No of customers 549,209 557,135
Customer growth, y-o-y (%) 82.4% 1.4%
Policies in force at year end 401125 400746
Policies in force at year end growth, y-o-y (%) -0.1%
Profitability, Efficiency & Asset Quality 9M 2014 9M 2015
Interest income/average gross loans 31.6% 29.2%
Non-payroll loans 22.7% 20.2%
Cost of average interest bearing liabilities 13.9% 13.5%
Net interest margin (%) 20.5% 17.7%
Net interest income/operating Income (%) 73.4% 76.9%
Net non-interest income/operating income (%) 26.6% 23.1%
Pre-provision margin (%) 54.2% 33.0%
Personnel expense/operating costs 37.7% 34.0%
Personel expense/revenue 19.3% 20.9%
Cost of risk (%) 9.9% 4.3%
Bad debts written-off/net loans and advances (%) 11.3% 4.9%
Cost-to-income ratio 51.2% 61.5%
Return on average equity (%) 23.8% 16.2%
Return on average tangible equity (%) 28.9% 27.7%
Return on average assets (%) 6.1% 3.3%
Total revenue/average assets (efficiency ratio) (%) 25.3% 19.3%
Operating costs/average assets (%) 13.0% 11.8%
29. Stable & Diversified Liability Base
29
Liabilities
Asset & Liability Mismatch Excluding
South Africa
Asset & Liability Mismatch, South Africa 50% of the SEK exposure hedged and
the company policy is to keep
For definitions please see page 36
31. Stable & Diversified Liability Base
31
Local Currency Funding By Country
Debt Maturity Profile
* Shareholder’s Loans make up 69% of Bayport Zambia’s funding
Swedish Bond Mid Yields To Maturity
Source: Bloomberg as of November 2015
100% 100%
49%
16% 17%
36%
23%
55%
36%
51%
84% 83%
64%
77%
45%
64%
0%
20%
40%
60%
80%
100%
South Africa Zambia* Botswana Mozambique Tanzania Uganda Ghana Colombia Mexico
% Of Local Currency Funding % Of Foreign Currency Funding
Change in the share of
local currency funding
YTD 2015
+65% -5%-14% +11%+2% -16% +9% -43%+0%
For definitions please see page 36
0
2
4
6
8
10
12
Oct-14
Nov-14
Dec-14
Jan-15
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32. Our Strategy: Core Payroll Deduction Markets
Our strategy is designed to leverage our strengths and take advantage of the opportunities we
believe we can avail ourselves of
As such, our strategy is based on the contextual facts and assumptions:
We have achieved a leading position as a non-bank payroll deduction based lender in our key markets, namely
Zambia, Ghana and Colombia
Additionally, we are a prominent non-bank payroll deduction based lender in Botswana, Uganda, Tanzania and
Mozambique
In all our core markets, we benefit from our ability to originate and deliver not only in large cities, but in remote
rural areas as well
There is material further growth potential for our core payroll deduction based lending business in many of our
key markets, namely in Zambia, Ghana, Colombia, Uganda, Tanzania, Mozambique, Colombia and Mexico*
As we grow our business, we expect the efficiency of our operations in these markets to improve further, as
manifested in the declining Cost/Income Ratio and, consequently, in the improving operating profitability
We have, therefore, devised a number of strategies to maximise the organic growth of our payroll
deduction based lending business in these core markets
We aim to improve the retention of our existing high-value clients and to extend the client lifetime value by
devising and implementing incentive-based retention programmes and proactive loan term extension and
refinancing programmes
We are investing in technology and people to be able to offer our clients differentiated pricing based on
behavioural data and other factors
We aim to preserve the existing and to develop new relationships with employers (including in the private
sector) in order to obtain new deduction codes, and believe that our unique local partnership model positions us
well to succeed
We are investing in marketing to enhance our brand recognition and awareness and reach out to new clients
within our core payroll target market
We will continue to expand our branch footprint and agent network and refine, where needed, our model of
agent engagement
We are investing in technology and people to further refine our credit underwriting and collection processes in
order to maintain the quality of our payroll loan book throughout the expected period of high organic growth
32
*(Where the addressable market (based on our current deduction codes) is estimated at ~1 mln individuals (compared with approximately 500,000 outstanding as of 30 September 2015))
1/3
For definitions please see page 36
33. Our Strategy: Scaling The Business Faster Through Expansion & Diversification
We have developed a strong track record of successfully entering new markets through either greenfield investment or
small-scale foothold acquisitions and rapidly integrating and scaling the business
Botswana: greenfield investment in 2010; Gross Loans 2010-2014 CAGR 64% & Revenue (Operating Income) 2010-2014 CAGR 64%1
Colombia: foothold acquisition in 2011; ; Gross Loans 2012-2014 CAGR 80% & Revenue (Operating Income) 2012-2014 CAGR 94% 1
Mozambique: greenfield investment in 2012; Gross Loans 2013-2014 CAGR 643% & Revenue (Operating Income) 2013-2014 CAGR
639% 1
Mexico: greenfield investment in December 2014; Gross Loans up 96% YTD; deduction codes addressing ~1 mln individuals
obtained
We continue to scan the market for suitable entry opportunities in Africa and Latin America and plan to achieve additional
growth in our core payroll deduction based lending business by entering new markets in a highly selective and disciplined
manner
We screen opportunities based on a rigorous set of criteria, including the affordability/size of investment, scale and scope
reachable in the medium term, and our ability to execute by leveraging our expertise in building and managing a mixed branch &
agent based distribution network and credit underwriting, with the investment and effort weighed carefully against the expected
market opportunity and socioeconomic and regulatory environment
We believe we will benefit from the further geographic expansion by enhancing the diversification of our revenue and /improving
the efficiency of our business
We believe that diversifying the range of financial solutions we offer to our clients builds shareholder value in several ways:
Extend the lifetime value of the average client by enhancing client loyalty for our core payroll deduction based lending business and
by achieving a higher product-to-client ratio
Increase the efficiency of our business model by migrating over time a material portion of the new and (in particular) repeat loan
disbursements
Create opportunities for disciplined off-payroll lending to our clients based on the transactional and behavioural data collected
Diversify our funding sources by attracting current account balances and term deposits
We have invested in technology and people and believe the pilot launch of MyMoney in Ghana has been a success
We intend to roll out by the transactional banking and/or deposit-taking pilot projects in Zambia (YE ‘15) and Mozambique
(2016)
33
Note:
(1) All CAGRs based on local currency figures
2/3
For definitions please see page 36
34. Our Strategy: South Africa & Insurance
In South Africa, we aim to preserve and improve the quality of our debit order loan book while maintaining cost
control discipline through the right-sizing of our business, in order to position the business to benefit from the
eventual cyclical improvement in the consumer credit conditions
We have enhanced the group-level oversight and made changes to the management of our South African business
We have tightened considerably our credit underwriting criteria and monitor them carefully to take further action if and
when warranted
We will seek to increase the share of client acquisition and disbursements via the outbound call centre and electronic
channels to optimise the cost of sales and delivery
We continue to invest in technology and people to further improve our collections processes
We monitor the regulatory environment and engage in pre-emptive and preventive redesign of our product bundles in
order to protect the net interest margin while remaining compliant at all times
We have built, since 2013, considerable expertise in insurance, by building through cross-sell a sizeable credit life
insurance business in South Africa and selected other markets
Our early experience in the distribution of other insurance products leads us to believe we can scale our
insurance business in certain core markets, including East Africa and Southern Africa
We believe that our continued focus on building the insurance business will result in the following benefits:
Further diversify our revenue streams
Leverage our branch and agent distribution network, including by reducing the sales agent churn through annuity-like commissions
Further enhance our reputation as a responsible lender as the insurance products we aim to sell reduce the need to “borrow for wrong
reasons” (i.e. in response to risk events that could/should be covered by insurance rather than by emergency borrowing)
34
Note:
(1) Currently licensed for deposit-taking in Ghana, Zambia and Mozambique
3/3
For definitions please see page 36
35. Translating Our Strategy Into Measurable Management Targets
35
1An active user has signed up for an account and deposited funds into their account
Note: indicative management targets are for illustrative purposes only and do not represent forecast or guidance endorsed by the company
For definitions please see page 36
Strategic Objective Measure YE 2014 9M 2015 Indicative Management Target
Maximise organic growth of the
payroll deduction based lending
business in core markets
Gross payroll loan book US$ 514 million US$ 484 million YE 2018: ~US$ 1,143 million
Net payroll loan book US$ 492 million US$ 460 million YE 2018: ~US$ 1,072 million
Effective yield 27.3% 23.1% 2018: 31.8%
Additional growth by entering new
payroll deduction markets
# core markets 8 9 9-10
Diversify the range of financial
solutions offered
# of active1
users 557 4,766 YE 2018: ~285,000
(MyMoney)
Client account balances &
deposits
Negligible US$ 297,005 YE 2018: ~US$52 million
Off-payroll gross loan book Negligible US$ 105,285 YE 2018: ~US$44 million
South Africa
Gross loans US$ 466 million US$ 383 million YE 2018: ~US$397 million
Net loans US$ 313 million US$ 250 million YE 2018: ~US$225 million
ROAA 1.10% 1.30% YE 2018: ~6%
Insurance
Annual Gross Written Premium US$ 49 million US$ 25.2 million 2018: ~US$ 61 million
Combined Ratio 35.4% 34.2% 2018: 35% - 39%
Operational Objectives Net Interest Margin 26.7% 17.7% 2018: 27%
Cost/Income Ratio 54.5% 61.5% 2018: 39%
Cost of Risk 13.4% 4.3% 2018: 4%
Performance Objectives RoAE 23.9% 16.2% 2018: ~39%
RoAA 5.7% 3.3% 2018: ~9.5%
36. Definitions
36
Return On Average Total Assets (ROAA) equals Net Income of the period divided by average Total Assets for the same period;
Return On Average Equity (ROAE) equals Net Income of the period divided by average Shareholders’ Equity for the same period;
Cost of Funds equals Interest Expense for the period divided by average Interest-bearing Liabilities for the period;
Net Interest Margin equals Net Interest Income for the period divided by average Gross Loans for the period;
Net Income Margin equals Net Income divided by Total Operating Income;
Interest Coverage is calculated as Profit Before Taxation divided by Interest Expense;
Cost of Risk equals Impairment Expense for the period divided by average Gross Loans for the period;
Gross loan book includes loan principal, accrued interest and written-down loans that are accounted for at the balance sheet at a discounted value;
Gross Loan Yield equals interest income for the period divided by average Gross Loans for the period;
Effective loan yield equals net interest income plus non-interest income for the period divided by average gross loans for the period;
Total operating income includes Net Interest Income plus Non-interest Income;
Net operating income means net interest income plus non-interest income less impairment for loan losses;
Pre-provision Margin equals Profit Before Taxation for the period plus Impairment of Loans and Advances for the period divided by Interest Income for the period;
Operating Leverage equals y-o-y percentage change in Total Operating Income less y-o-y percentage change in Total Recurring Operating Costs;
Cost/Income ratio equals Total Recurring Operating Costs plus Discretionary Bonus Pool of the period divided by Total Operating Income;
Loan Loss Reserve includes Loan Loss Reserve principal and any accrued and recognized interest;
Balance in arrears includes loan principal plus any accrued interest & fees;
Value in arrears includes loan principal only and is an approximate value based on a one month first cycle collection delay;
For all vintages denominator value is equal to original principal debt (“OPD”) and numerator value is equal to loan principal plus recognised but not received interest & fees;
NPLs means those loans that are either Non Performing as per the or are classified as Doubtful or Bad (where separation from payroll has occurred);
Doubtful mean loans where future recovery is unlikely;
Bad mean loans that are considered irrecoverable and automatically carry a 100% provision;
Recency classification: last payment exceeds three months ago;
Provision Coverage Ratio equals Provision held divided by Gross Loan Book;
NPL Ratio equals Non-Performing Loans for the period divided by Gross Loan Balance;
NPL Coverage Ratio equals provision held divided by Non-Performing Loans;
Collection Rates equals Actual Collections for the period divided by the amount that was Due to be Collected for the period;
DPD means days past due;
Tier I Capital ratio calculated in accordance with Basel III Capital Accord Standards. The Tier I capital adequacy ratio equals the Tier I capital divided by the risk weighted assets;
Total capital adequacy ratio calculated in accordance with Basel III Capital Accord Standards. The total capital adequacy ratio equals total capital (Tier I +Tier II - deductions) divided by the risk
weighted assets.
37. Disclaimer
37
IMPORTANT INFORMATION
This presentation (the “Presentation”) has been prepared by Bayport Management Ltd (the “Company”). This Presentation has been prepared and issued by and is the sole
responsibility of the Company and is being furnished to each recipient solely for its own information and in connection with the preliminary discussions in relation to the
Company. No copy of the Presentation will be left behind after the meeting. For the purposes of this notice, “Presentation” means this document, its contents or any part
of it, any oral presentation, any question or answer session and any written or oral material discussed or distributed during the Presentation meeting. By attending any
meeting where this presentation is made public, or by reading this document, you agree to be bound by the following terms and conditions.
THIS PRESENTATION DOES NOT, AND IS NOT INTENDED TO, CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL, ISSUE, PURCHASE OR SUBSCRIBE FOR (OR
ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR) ANY SECURITIES OF THE COMPANY (“SECURITIES”) IN ANY JURISDICTION.
This presentation does not constitute or form a part of any offer or solicitation to purchase or subscribe for Securities in the United States of America. The Securities
discussed in this presentation have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or qualified for
sale under the law of any state or other jurisdiction of the United States of America and may not be offered or sold in the United States of America except pursuant to an
exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Company is not and does not intend to become an “investment
company” within the meaning of the U.S. Investment Company Act of 1940, as amended (the “U.S. Investment Company Act”), nor is it engaged or propose to engage in
the business of investing, reinvesting, owning, holding or trading in securities. Accordingly, the Company is not and will not be registered under the U.S. Investment
Company Act and investors will not be entitled to benefits or that Act. Neither the United States Securities and Exchange Commission nor any securities regulatory body of
any state or other jurisdiction of the United States of America, nor any other country or political subdivision thereof, has approved or disapproved of this presentation or
any Securities discussed herein or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offense in the
United States of America.
The Presentation has been prepared on the basis of information held by the Company and also from publicly available information. This information, which does not
purport to be comprehensive, has not been independently verified by or on behalf of the Company . The Presentation does not constitute an audit or due diligence review
and should not be construed as such. Except where otherwise indicated in the Presentation, the information provided therein is based on matters as they exist at the date
of preparation of the Presentation and not as of any future date and will be subject to updating, revision, verification and amendment without notice and such information
may change materially. Nothing contained in this Presentation is or should be relied upon as a promise or representation as to the future. This document has not been
approved by any regulatory or supervisory authority. No representation or warranty, express or implied, is given by or on behalf of the Company or any of the Company’s
directors, officers or employees or any other person as to the fairness, currency, accuracy or completeness of the information or opinions contained in this document and
no liability is accepted whatsoever for any loss howsoever arising from any use of this presentation or its contents.
The presentation includes certain forward-looking statements which are based on the Company’s belief or current expectations, intentions and projections with respect to
its future performance, anticipated events or trends and other matters. These forward-looking statements can be identified by the use of forward-looking terminology,
including the terms “believes”, “estimates”, “anticipates”, “expects”, “intends”, “plans”, “may”, “will” or “should” or, in each case, their negative or other variations or
comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places and include, but are not
limited to, statements regarding the Company’s intentions, beliefs or current expectations concerning, amongst other things, results of operations, financial condition,
liquidity, prospects, growth and strategies. Although the Company believes the statements are based on reasonable assumptions, such statements may or may not be
correct and should not be construed in any way as a guarantee of future performance. Factors that could cause actual results to differ materially from those expressed or
implied by such forward-looking statements include risks specific to the industry, unanticipated economic and market conditions as well as other relevant developments
and risks described in the Company’s periodic, current and other reports. No information included in this presentation is intended to be a profit forecast or a financial
projection or prediction. No representations or warranties, express or implied, are given as to the achievement or reasonableness of, and no reliance should be placed on,
statements pertaining to financial performance, including (but not limited to) any estimates, forecasts or targets contained herein. The achievability of the Company’s
proposed strategy set out in this presentation cannot be guaranteed. Except as may be required by applicable law or regulation, the Company assumes no obligation to
publicly release the result of any update or revisions to these forward-looking statements to reflect new information, future events or circumstances after the date hereof,
or otherwise. These statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties.