Презентация PowerPoint - VTB

1Results 1Q’21 | 30 April 2021 1

145.6

38.6

9.8

194.0

-22.6

-64.9

-21.4

39.3%

51.1%

39.4%

48.9%

33.5%

NET OPERATING

INCOME

NET INTEREST

INCOME

NET FEE &

COMISSION

INCOME

OTHER INCOME

PROVISION CHARGE

STAFF COSTS &

ADMINISTRATIVE

EXPENSES

TAX

NET PROFIT

85.1

▲1%

▲22%

▼ 12%

1Q’21

▲▼ - YoY

RUB BN

▲ 19%

▲19%

▼ 50%

▲114%

3.6%

3.9% 3.8% 3.8% 3.7%

NIM

NCM

CoR

1.5% 1.9%2.3%

1.8%

0.7%

YoY

1

P&L: 1Q 2021 KEY PERFORMANCE HIGHLIGHTS

1Q’20 2Q’ 20 3Q’ 20 4Q’20 1Q’21

1Q’20 2Q’ 20 3Q’ 20 4Q’20 1Q’21

▲10bp

YoY

FEES RECEIVED FOR INSURANCE

PRODUCTS DISTRIBUTION AND

OTHER AGENCY SERVICES

▲69%

▼80bp

▼580bp

▲1.8х

SENSITIVITY TO PARELLEL

SHIFT OF INTEREST RATES’

CURVE 100 BP UP

(RUB CASH FLOWS)

WIM NET FEES

-12.0 -11.7

31 Dec 20 31 Mar 21

COSTS ON DIGITAL

TRANSFORMATION▲12%

- 8.2 - 9.2

1Q”20 1Q”21

9.4 8.7 12.2 13.4 15.92.4 3.0 3.35.5 4.332.4 28.4 35.1 40.9 38.6


АSSETS SUPPLEMENTARY TO BANKING BUSINESS

LONG-TERM

INVESTMENTSDIGITAL ASSETS

Corporate-Investment

Business

4% of segment assets

Retail

Business


Medium and Small

Business


Corporate

Centre


Other Business


CREDIT WORKOUT ASSETS

ASSETSAS OF 31 MAR 21

337.3 36.4 1.2 0.5 234.2

4.4 -0.2 - - 0.2FINANCIAL

RESULT1Q’21

▲12%

▼2%

▼3%

TOTAL DIGITAL ASSETS

TOTAL АSSETS SUPPLEMENTARY TO BANKING BUSINESS 609.63% OF THE GROUP’S ASSETS

38.1

▲5%

▲▼ - YTD

RUB BN


6.8% 6.9%

21.8 19.9

50.4

2.5

72.2

22.4

98 9816 16

898 907

31 Dec 20 31 Mar 21

26.0 28.2

51.637.5

9.6

17.126.6

19.3

20.8

12.2

43.154.8

70.9

58.3

21.8

PROVISION CHARGE FOR LOAN IMPAIRMENT

ASSET QUALITY ANALYSIS▲▼ - YoY

RUB BN

1.5%1.9%

2.3%1.8%

0.7%

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

COST OF RISK

IND

LE

TOTAL 2.0%

3.0%

2.1%

2.2%

1.3%

1.3% 1.4%

2.4%

1.6%

0.4%

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

▼49%

31 Dec 20 31 Mar 21

IND

LE

TOTALIND

LE

2020 1Q’21

5.1% 5.2%

5.9% 5.6%

5.7% 5.5%

549 508

197 209

745 717

NPL (90+)

NPL RATIO

IND

LE

▲7%

▼7%

▼4%

COVERAGE

RATIO

PROVISIONS

PROVISIONS /

LOAN PORTFOLIO

WRITE-OFFs

▲1%

120.6% 126.4%

IND

LE

PROVISION FOR RISK RELATED TO

CERTAIN GROUPS OF BORROWERS

SUBJECT TO INDUSTRY AND OTHER

PORTFOLIO SPECIFIC RISKS

MACRO ADJUSTMENT


820 868

12.0% 11.8% 11.9% 11.8% 12.1%

Allocation Currency Current coupon Coupon type Volume

2019 RUB 8.40% Fixed5 bn accounted in

Т2 in 2020

2020

RUB 7.6% Fixed75.3 bn accounted

in Т2 in 2020

4.7 bn accounted

In T2 in 2021RUBBank of Russia +

2.2%Floating

2021

USD 5,00% Fixed

57.4 bn accounted

in

T1 in 2021

USD SOFR + 4.5% Floating

EUR 3.75% Fixed

EUREURIBOR 6M +

4.15%Floating

REGULATORY CAPITAL

TOTAL CAR

TIER 1

CET1

11.5%

MIN. THRESHOLD

9.5%

8.0%

Based on Russian regulatory requirements with Total CAR represented by

N20.0, common capital – N20.2, core equity– N20.1.

SUBORDINATED DEBTCAPITAL ADEQUACY

10.2% 10.2% 10.4% 9.9% 10.2%

9.3% 9.3% 9.5% 8.9% 8.9%

ISSUED IN 1Q’21

86.7 62.1

INCLUDED IN CAPITAL IN 1Q’21

▲6%

TANGIBLE EQUITY

+39bp

+25bp

Included in T1 capital

from 2021 subordinated

bonds issue

Included in T2 capital from

RUB bonds 2020 issue

RUB BN

RUB BN

Excluding preference shares, goodwill and other intangible assets,

non-controlling interest and perpetual loan participation notes.

▲ 30bp

INCLUDINGSubordinated debt

issued in 2021

SMA introduction for

operational risk

01 Apr 20 01 Jul 20 01 Oct 20 01 Jan 21 01 Apr 21

31 Dec 20 31 Mar 21

57.4

4.7


2021 GUIDANCE

LOANS TO LEGAL ENTITIES

NET PROFIT

BANKING SECTOR

OF RUSSIA

≈ 40%

RUB 250 – 270 bn

≈ 3.5%

˂ 1%

≈ 5%

≈ 10%

GROWTH IN-LINE WITH INDUSTRY

GROWTH ABOVE INDUSTRYw/o securitisation

NET FEE AND COMMISSION INCOME > 10% YoY

COSTS > CPI и ˂ 10%

MANAGEMENT RECOMMENDATIONS FOR AMOUNT

AND DISTRIBUTION OF DIVIDENDS

50% OF IFRS NET PROFIT

EQUALISATION OF DIVIDEND YIELD

for all three classes of shares

PREVIOUS GUIDANCE AS OF 25 FEB 21 GUIDANCE AS OF 30 APR 21

LOANS TO INDIVIDUALS

≈ 5-7%

≈ 12-14%

BANKING SECTOR

OF RUSSIA

DIVIDENDS ON ORDINARY SHARES ARE PAID ON

THE BASIS OF 50% PAYOUT FROM IFRS NET

PROFIT AND EQUALISATION OF DIVIDEND YIELDS

CONFIRMED

CONFIRMED

CONFIRMED

CONFIRMED

CONFIRMED

CONFIRMED

CONFIRMED

CONFIRMED

6Результаты 1кв’21 | 30 апреля 2021

FINANCIAL APPENDIX


263.6 263.2 259.9 269.1 261.7

3.6%

3.9%3.8% 3.8% 3.7%

143.9 130.9 124.4 124.9 116.1

INTEREST INCOME AND EXPENSE

NET INTEREST INCOME

INTEREST INCOME

INTEREST EXPENSE

YIELD ON TOTAL INTEREST EARNING

ASSETS

NET INTEREST MARGIN

COST OF TOTAL INTEREST

BEARING LIABILITIES

▲ 22%

▼1%

1,055.8

6.7%

▼19%

3.0%

7.9%

4.3%

▼ 5%

2020

524.1▼21%

2020

7

1Q’20 1Q’21

1Q’20 1Q’21119.7 132.3 135.5 144.2 145.6

531.7▲21%

2020

1Q’21/ 1Q’20

1Q’21/ 1Q’20

1Q’21/ 1Q’20

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

1Q’20 2Q’20 3Q’20 4Q’20 1Q’211Q’20 2Q’20 3Q’20 4Q’20 1Q’21

▲▼ - YoY

RUB BN


0.8%0.7%

0.8%0.9% 0.9%

FEES AND COMMISSIONS

NET FEE AND COMMISSION

INCOME

FEE AND COMMISSION INCOME

FEE AND COMMISSION EXPENSE

FEES RECEIVED FOR

INSURANCE PRODUCTS

DISTRIBUTION AND OTHER

AGENCY SERVICES

COMMISSION ON SETTLEMENT

TRANSACTIONS, TRADE FINANCE

AND CASH TRANSACTIONS

OTHER

COMMISSION ON GUARANTEES

AND OTHER CREDIT RELATED

COMMITMENTS

COMMISSION ON SECURITIES AND

ON CAPITAL MARKETS

TRANSACTIONS

SETTLEMENT TRANSACTIONS,

TRADE FINANCE AND CASH

TRANSACTIONS

OTHER

OPERATIONS WITH SECURITIES

AND ON CAPITAL MARKETS

NET COMMISSION MARGIN

▲19%

▲18%

▲16%

196.1 ▲11%2020

59.3 ▲9%2020

1Q’21/ 1Q’20

1Q’21/ 1Q’20

COMMISSION FOR CLIENT

OPERATIONS WITH FOREIGN

CURRENCY AND PRECIOUS

METALS

22.0 20.2 25.3 28.0 23.9

2.9 2.8 3.4 4.1 3.26.8 5.1 4.47.6

6.83.12.3

2.43.0

2.89.8

8.812.5

13.816.31.8

1.6

2.1

2.31.9

46.440.8

50.158.8 54.9

32.4 28.435.1

40.9 38.6

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

136.8 ▲13%2020

1Q’21/ 1Q’20

12.6 11.4 13.7 15.9 14.40.6 0.5 0.7 1.1 0.90.8 0.5 0.6 0.9 1.0

14.0 12.4 15.0 17.9 16.3

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

▲▼ - YoY

RUB BN


59.4 59.3 59.6 60.1 60.7

22.5 22.1 21.6 20.2 17.9

81.9 81.4 81.2 80.2 78.6

40.9 40.4 40.0 43.8 42.7

23.2 24.6 23.0

34.0 22.2

64.1 65.0 63.077.8

64.9

1.6% 1.6% 1.5% 1.7% 1.4%

39.3%51.1%

39.4%48.9%

33.5%

SUBSIDIARIES

STAFF COSTS AND ADMINISTRATIVE EXPENSES

THSD EMPLOYEES

VTB BANK

ADMINISTRATIVE

EXPENSES

STAFF COSTS

(INCLUDING PENSIONS)

AVERAGE NUMBER OF EMPLOYEES

▲1%

1Q’21/ 1Q’20

▼4%

269.9 ▲6%2020

81.2 FLAT2020

INCL.

TRANSFORMATION

COST IN 1Q’21

9.2

CIR

COST /

AVERAGE ASSETS

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

▲▼ - YoY

RUB BN

10Results 1Q’21 | 30 April 2021 10

1,593 1,696

1,798 2,087

3,391 3,782

Current

Term

Current

4,723 4,849

2,372(33%)

3,120(39%)

2,968 2,787

2,768(48%)

2,935(51%)

5,736 5,722

7,0957,969

1,592 1,569

1,568 1,646

2,007 2,064

3,857 4,027

9,305 9,119

31 Dec 20 31 Mar 21

Term

BUSINESS GROWTH DYNAMICS

LOANS CUSTOMER DEPOSITS

IND

LE

IND

LE

Mortgage

Consumer

loans

Medium

and Small

Business

▲4%Flat

▼6%

▲6%▲3%

▲5%

▲▼ - YoY

RUB BN

▼2%

▲12%

▲32%

▲3%

▼1%

ASSETS UNDER MANAGEMENT

▲12%

▲16%

▲6%

IND

LE

▲10%

▼4%

▲2%Current

Term

Medium and Small Business

31 Dec 20 31 Mar 21

1,002 960

730 803

1,732 1,763

31 Dec 20 31 Mar 21

11Results 1Q’21 | 30 April 2021 11

31%

12%

10%

8%

6%

4%

5%

4%

3%

4%

3%

2%

8%

29%

12%

11%

8%

7%

4%

5%

4%

4%

3%

3%

2%

8%

71% 69% 65% 60% 56%

29% 31% 35% 40% 44%

RUB 77%

RUB 78%

FX 23%

FX 22%

79.5%81.0%

78.8% 78.1%

81.9%

54% 56% 55% 55% 58%

46% 44% 45% 45% 42%

11,820 11,852 12,369 12,831 13,691

NET LOANS AND ADVANCES

TO CUSTOMERS

CUSTOMER DEPOSITS

31 Dec 20

LOAN PORTFOLIO

LOANS BY INDUSTRY

CUSTOMER DEPOSITS

31 Mar 21

LOAN PORTFOLIO AND CUSTOMER DEPOSITS

▲7%▲4% ▲4%▲0.3%

LOANS AND DEPOSITS BY CURRENCY

11

95.5% 94.1%97.5% 95.6%

89.4%

71% 70% 71% 71% 69%

29% 30% 29% 29% 31%

12,059 11,947 12,937 13,163 13,146

▲8% ▲2% 0%▼1%

RUB 65%

RUB 62%

FX 35%

FX 38%

Individuals

Building construction

Oil and Gas

Metals

Transport

Manufacturing

Trade and commerce

Telecommunications and media

Government bodies

Finance

Energy

Chemical

Other

31 Dec 20

31 Mar 21

31 Dec 20

31 Mar 21

31 Mar 20 30 Jun 20 30 Sep 20 31 Dec 20 31 Mar 21



CURRENT

TERM

CUSTOMER

DEPOSITS / TOTAL

LIABILITIES

LOANS /

DEPOSITS

(LDR)

IND

LE

RUB BN

12Results 1Q’21 | 30 April 2021 12

72% 73% 70% 67% 61%

28% 27% 30% 33% 39%

6,408 6,584 6,824 7,095 7,969

BUSINESS WITH LEGAL ENTITIES

LOAN PORTFOLIO CUSTOMER DEPOSITS

3.4%

6.7%

2020

▼2%▲10% ▲1% ▲12%▲4% ▲4%▼3% ▲3%

12

▲32%

▲3%

Change for

2021

7.1% 7.0% 6.5% 6.2% 6.0%

4.0% 3.5% 3.1% 3.1% 2.7%

YIELD ON LOANS AND COST OF DEPOSITS

COST OF DEPOSITSYIELD ON LOANS

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21


8,565 8,347 9,189 9,305 9,119


CURRENT ACCOUNTS

TERM DEPOSITS

RUB BN

13Results 1Q’21 | 30 April 2021 13

69% 64% 59% 52% 49%

31%36% 41% 48% 51%

5,412 5,269 5,545 5,736 5,722

LOAN PORTFOLIO

YIELD ON LOANS AND COST OF DEPOSITS

CUSTOMER DEPOSITS

BUSINESS WITH INDIVIDUALS

3.5%

10.9%

▲4%▲3% ▲4% ▲3%

▼3% ▲5% ▲3% 0%

2020

▲6%

▼6%

Change for

2021

11.4% 11.1% 10.7% 10.5% 10.1%

4.4% 3.4% 3.3% 2.9% 2.8%

49% 50% 50% 52% 51%4% 3% 3%

3% 3%4% 4% 4% 3% 3%43% 43% 43% 42% 43%

3,493 3,600 3,748 3,857 4,027CONSUMER LOANS

AND OTHER

MORTGAGE LOANS

CAR LOANS

CREDIT CARDS

31 Mar 20 30 Jun 20 30 Sep 20 31 Dec 20 31 Mar 21 31 Mar 20 30 Jun 20 30 Sep 20 31 Dec 20 31 Mar 21

COST OF DEPOSITSYIELD ON LOANS

CURRENT ACCOUNTS

TERM DEPOSITS

1Q’20 2Q’20 3Q’20 4Q’20 1Q’21

RUB BN

14Results 1Q’21 | 30 April 2021 14

5.7

10.8

5.3

ASSET QUALITY UNDER IFRS 9

14

6.3%6.3%

3.3%5.4%

90.4%88.3%

3,7993,626

9.0%9.1%

21.4%21.7%

69.6%69.2%

8,9199,091

11.6

18.0

13.4

STAGE 3

+ POCI1

8.2%8.3%

16.0%17.0%

75.8%74.7%

12,71812,718

LOANS AT AMORTISED COST BY ECL STAGES

ALLOWANCE

RATIO

12.1%

1.0%

52.8%

TOTAL LOANS LEGAL ENTITIES INDIVIDUALS

53.8%

(1) POCI - purchased or originated credit-impaired.

11.2%

1.1%

11.8%

▲ 110bp

▼ 10bp

42,6%

12.5%

1.4%

0bp

▼210bp

ALLOWANCE

RATIO

ALLOWANCE

RATIO

ALLOWANCE

RATIO

ALLOWANCE

RATIO

ALLOWANCE

RATIO

▼ 2%

▼ 100bp

Flat

▲40bp

▼30bp

45,2%

0.9% 0.9%

11.1% 11.7%

45.2% 45.3%▼10bp

PROVISION CHARGE

21.8

STAGE

2

STAGE

1

43.0

▼ 49%

1Q’211Q’20

▲ 5%

82.3%

1.3%

80.0%

ALLOWANCE

RATIO

ALLOWANCE

RATIO

ALLOWANCE

RATIO

▲210bp

31 Mar 2131 Dec 20 31 Mar 2131 Dec 20 31 Mar 2131 Dec 20

RUB BN

15Results 1Q’21 | 30 April 2021 15

14,860 14,63815,702

16,420 16,71916,589 16,34717,426

18,142 18,588▲4%

BALANCE SHEET STRUCTURE

▲2%▼1% ▲7%▲2%▼1% ▲7% ▲5%

7%

6%

5%

69%

13%

10%

5%

4%

68%

13%

8%

5%

5%

68%

14%

8%

10%

4%

66%

12%

2%

2%

5%

12%

79%

2%

2%

5%

10%

81%

2%

2%

6%

10%

80%

1%

2%

5%

10%

82%

1%

2%

6%

13%

78%

ASSETS LIABILITIES

15

8%

9%

5%

68%

10%

RUB BN

31 Mar 20 30 Jun 20 30 Sep 20 31 Dec 20 31 Mar 21 31 Mar 20 30 Jun 20 30 Sep 20 31 Dec 20 31 Mar 21

SECURITIES PORTFOLIO LOANS AND ADVANCES TO CUSTOMERS

DUE FROM OTHER

BANKS

CASH, SHORT-TERM FUNDS

AND MANDATORY RESERVES OTHER ASSETS OTHER LIABIILITIES

SUBORDINATED DEBT

DEBT SECURITIES ISSUED

CUSTOMER DEPOSITS

DUE TO BANKS AND

OTHER BORROWED

FUNDS

16Results 1Q’21 | 30 April 2021 16

1Q'21 1Q'20 Change 2020

NIM 3.7% 3.6% 10 bp 3.8%

CoR 0.7% 1.5% -80 bp 1.9%

Cost / Assets 1.4% 1.6% -20 bp 1.6%

CIR 33.5% 39.3% -580 bp 44.3%

ROE 19.2% 9.5% 970 bp 4.4%

INCOME STATEMENT KEY INDICATORS

KEY FINANCIAL RATIOS

1Q'21 1Q'20 Change 2020

Net interest income 145.6 119.7 21.6% 531.7

Net fee and commission income 38.6 32.4 19.1% 136.8

Net other income 9.8 11.1 -11.7% -59.1

Operating income before provisions 194.0 163.2 18.9% 609.4

Provision charge for credit losses and other provisions -22.6 -45.1 -49.9% -249.8

Staff costs and administrative expenses -64.9 -64.1 1.2% -269.9

Profit before tax 106.5 54.0 97.2% 89.7

Income tax expense -21.4 -14.2 50.7% -14.4

Net profit 85.1 39.8 113.8% 75.3

RUB BN

16

VTB GROUP FINANCIAL HIGHLIGHTS: P&L AND KEY RATIOS

17Results 1Q’21 | 30 April 2021 17

31 Mar 21 31 Dec 20 YTD 31 Dec 19

NPL ratio (1) 5.5% 5.7% -20 bp 4.7%

LLR ratio 6.9% 6.8% 10 bp 6.0%

Coverage ratio 126.4% 120.6% 580 bp 128.7%

(1) The Group defines non-performing loans (NPL) as lifetime expected credit losses (ECL) credit-impaired loans with contractual principal and or interest payments overdue more than 90 days and

purchased or originated credit impaired (POCI) loans with principal and or interest payments becoming overdue more than 90 days after the date of initial recognition.

BALANCE SHEET KEY INDICATORS

KEY ASSET QUALITY RATIOS

31 Mar 21 31 Dec 20 YTD 31 Dec 19

Gross loan portfolio 13,145.6 13,162.6 -0.1% 11,461.5

Loans to legal entities 9,118.8 9,305.4 -2.0% 8,096.2

Loans to individuals 4,026.8 3,857.2 4.4% 3,365.3

Total assets 18,588.4 18,142.2 2.5% 15,516.1

Customer deposits 13,690.8 12,831.0 6.7% 10,974.2

Deposits of legal entities 7,969.0 7,095.1 12.3% 5,932.6

Deposits of individuals 5,721.8 5,735.9 -0.2% 5,041.6

Total liabilities 16,719.1 16,419.6 1.8% 13,862.8

Total shareholders' equity 1,869.3 1,722.6 8.5% 1,653.3

RUB BN

17

VTB GROUP FINANCIAL HIGHLIGHTS: BALANCE SHEET

18Results 1Q’21 | 30 April 2021 18

This presentation has been prepared by VTB Bank (PJSC) (“VTB”) and has not been independently verified. This presentation does not constitute or form part or all of, and should not be

construed as, any offer of, or any invitation to sell or issue, or any solicitation of any offer to purchase, subscribe for, underwrite or otherwise acquire, or a recommendation regarding, any

shares or other securities representing shares in, or any other securities of VTB, or any of its subsidiaries, nor shall it or any part of it nor the fact of its presentation or distribution form the

basis of, or be relied on in connection with, any contract or any commitment whatsoever or any investment decision. Some of the information in this presentation may contain projections or

other forward-looking statements regarding future events or the future financial performance of VTB and its subsidiaries (together with VTB, the "Group"). Forward-looking statements are

statements that are not historical facts. They include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates

and projections as they are currently available to the management of VTB. Such forward-looking statements are based on numerous assumptions, beliefs and expectations regarding the

Group's present and future business strategies, financial conditions, targets and the operating environment. We caution you that these statements are not guarantees of future performance

and involve risks, uncertainties and other important factors that we cannot predict with certainty. Accordingly, our actual outcomes and results may materially differ from what we have

expressed or forecasted in the forward-looking statements. These forward-looking statements speak only as at the date of this presentation and are subject to change without notice. We

assume no obligation to update or revise these statements whether as a result of new information or for any other reason or to make them conform to actual results. Certain numbers and

ratios contained herein, related to past dates and periods, might have been restated in accordance with the latest financial statements issued, and hence differ from the ones presented in

the previous communications. Figures shown in this presentation are based on figures disclosed in the annual and interim financial statements of the Group. However, figures used in this

presentation might have been rounded, which could result in slight differences in percentage changes compared to those provided in such financial statements.

DISCLAIMER

Investor Relations

Tel: +7 (495) 775-71-39

e-mail: [email protected]

Презентация PowerPoint - VTB

Documents

Transcript of Презентация PowerPoint - VTB