Bci Personas | Banco Bci - Corporate Presentation 2014 · 2015. 3. 30. · Bci Corporate Presentation 2013Corporate Presentation 2014 12 *Figures are converted to US$ using an FX

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Banco Crédito e Inversiones

CorporatePresentation 2014

September 2014

Corporate Presentation 2013Corporate Presentation 2014Corporate Presentation 2014

Content:1. Chilean Macro-economic Environment

Corporate Presentation 2013Corporate Presentation 2014

2. Chilean Financial System3. Banco de Crédito e Inversiones

2

Chilean macro-economicenvironment


5,8 5,85,4

4,1

2,1

3,2

Macro-economic environment

10,8

8,9

6,0 5,6

2,2

3,9

Private consumption (% YoY growth)GDP (% YoY growth)


2010 2011 2012 2013 (e) 2014 (e) 2015 2010 2011 2012 2013 (e) 2014 (e) 2015

12,214,4

12,2

0,4

-4,9

2,3

2010 2011 2012 2013 (e) 2014 (e) 2015

Investment (% YoY growth)

2,3

5,5

1,1

4,32,8 3,7

25,9

15,6

5,02,2

-4,2

3,4

2010 2011 2012 2013 (e) 2014 (e) 2015

Exports Imports

Exports and Imports (% YoY growth)

Source: Central Bank of Chile and Bci (September 2014)4

Macro-economic environment

510,38 483,36 486,75 495,00

595,00 610,00

Exchange rate (Ch$/USD)Commodities

3,44,0

3,6 3,3 3,1 3,0

79,4

95,1 94,2 97,9 94,3 92,6

50,0

100,0

2,0

4,0

6,0


3,0

4,4

1,5

3,0

4,6

2,9

2010 2011 2012 2013 (e) 2014 (e) 2015

Inflation (YoY variation of Consumer Price Index – IPC)

3,25

5,25 5,004,50

3,00 3,25

2010 2011 2012 2013 (e) 2014 (e) 2015

Central Bank monetary policy rate

2010 2011 2012 2013 (e) 2014 (e) 2015

Source: Central Bank of Chile and Bci (September 2014)

0,00,02010 2011 2012 2013 (e) 2014 (e) 2015

Copper (US$/lb) Crude Oil WTI (US$/Barrel)

5

Chilean Financial System

98.921

111.973

122.074

117.576

125.558

161.929

181.641

200.237190.917

208.479

Financial System: strong growth overthe years

11,2%

Total Loans Financial System*(US$ million)

11,1%

Corporate & Interbank lending Financial System*(US$ million)

6,8%9,2%


20.864

23.331

26.655

24.230

27.513

2011 2012 2013 2Q 2013 2Q 2014

Consumer lending Financial System*(US$ million)

2011 2012 2013 2Q 2013 2Q 20142011 2012 2013 2Q 2013 2Q 2014

39.944

44.281

49.272

46.301

53.216

2011 2012 2013 2Q 2013 2Q 2014

7

13,0%11,1%

Mortgage Financial System*(US$ million)

Source: Superintendencia de Bancos e Instituciones Financieras de Chile (SBIF) - *Excluding Corpbanca investments in ColombiaFigures are converted to US$ using an FX of USD/CLP of 550.6 (June 30th 2014)

13,6% 15,0%

Healthy and well capitalizedFinancial System

13,9% 13,3% 13,3% 13,2% 13,5%

Capital Base Financial System (Regulatory capital/Risk weighted assets)


Source: Superintendencia de Bancos e Instituciones Financieras de Chile (SBIF)Basic capital : paid-in capital + reservesRegulatory capital= Basic capital (paid-in capital + reserves) + subordinated bonds + voluntary allowances for loan losses

2,37%

2,20%2,12%

2,20% 2,19%

2011 2012 2013 2Q 2013 2Q 2014

10,1% 9,9% 9,6% 9,8% 9,7%

2011 2012 2013 2Q 2013 2Q 2014NPL Ratio Financial System

8

Banco Crédito e Inversiones

Profitable and financially sound

US$ * Market Share**

$639 MNet Income *** 15.38%

Total Net Loans $26,629 M 12.91%

Total Assets $39,404 M

Market

June 2014- Highlights Main Awards and Recognitions

1st place in Chile 2014

• Banking group (Third year)• Private Banking (Third year)

1st place 2013Corporate Transparency(Second year)

Local dynamosAmong the 50 most successful local companies in Emerging Markets 2014The Boston Consulting Group (BCG)

1st place 2014Customer Experience (second year)IZO

6th place 2013Best companies for working parentsFundación Chile Unido

4th place 2013Most Innovative Companies in ChileESE Business School- U. de los Andes

*Figures are converted to US$ using an FX of USD/CLP of 550.6 (June 30th 2014) ** Excluding Corpbanca investments in Colombia***Last 12 months income ended June 2014. This takes the monthly average equity and assets of the last 12 months.

MarketCapitalization $6,226 M

9.85%

Basic capital Total Capital

Capital ratios 13.91%

International Credit Rating

Moody’s S&P Fitch

ROAE*** 22.5%

A1 A A-

15th place 2013Best Companies to work for in ChileGreat Place to Work

10

ROAA*** 1.7%

1st place 2014Customer Satisfaction- Large banks (second year)Procalidad/Capital

• Private Banking (Third year)•Sustainable Banks• Asset Management (Second year)

Shareholders and CorporateGovernanceShareholder structure as of June 2014

29.37%

63.86%

ShareholderAgreement Pension

Board ofDirectors

Luis Enrique Yarur Rey (President) 1991Andres Bianchi Larre (Vicepresident) 2007Juan Manuel Casanueva Préndez 2007Dionisio Romero Paoletti 2010Francisco Rosende Ramírez (I) 2010José Pablo Arellano Marín 2011Mario Gómez Dubravcic 2011Máximo Israel López (I) 2013Juan Ignacio Lagos Contardo 2013

Free Float


Empresas Juan Yarur S.A.C.

6.77%

Agreement PensionFunds

Related to the Yarur family since itsfoundation in 1937

55.08%

Controlling Shareholder

Management Commitees:• Higher Management• Strategic Planning• Assets & Liabilities (ALCO)• Operational Risk• Technology• Credit

CEO

Juan Ignacio Lagos Contardo 2013

Lionel Olavarría 1993

Corporate Governance Committees: • Board Executive Committee• Directors Committee• Finance and Corporate Risk Committee• Corporate Governance and Corporate Social ResponsibilityCommittee

• Compensation Committee

11

• Money Laundering• Information System Security• Human Resources Management

Diversification throughan effective segmentation

SMEsCommercial

Banking

Corporate & Investment

Banking (CIB)Retail Banking

Revenues > UF 80.000(up to US$ 65.4 million*)

Individuals Revenues < UF 80.000(up to US$ 3.5 million*)

Corporate and PrivateBanking

Bci

Corporate Presentation 2013Corporate Presentation 2014Corporate Presentation 2014 12*Figures are converted to US$ using an FX of USD/CLP of 550.6 and UF value of $24,023 (June 30th 2014)

As of June 30th 2014 Retail Banking SMEsCommercial

BankingCIB Total Segments

MM$Net interest income 147.362 55.944 78.153 106.723 388.182Net service fee income 56.712 14.527 13.492 13.426 98.157Other operating income 12.201 3.490 13.911 35.194 64.796Total operating income 216.275 73.961 105.556 155.343 55 1.135

Provisions for loan losses -45.565 -21.064 -14.363 -13.706 -94.698Net operating income 170.710 52.897 91.193 141.637 456.4 37

Total Operating Expenses -114.425 -28.437 -35.993 -36.282 -215.137

OPERATING INCOME BY SEGMENT 56.285 24.460 55.200 105.355 241.30026% 13% 25% 36% 100%

National and internationalpresence

NORTHRegions I to IV and XV57 CCP47 branches

CENTERRegions V, VI and RM

Presence in 6 countries373Nacional Commercial Contact Points (CCP):

Branches: 311


Miami Branch + (**

Representation office in Mexico City

Representation office in Lima, Peru

Representation office in Sao Paulo, Brazil

Representation office in Bogotá, Colombia

Business Desk in Madrid, Spain

* Pending US regulatory approval

SOUTHRegions VII to XII and XIVAntartic included78 CCP66 branches

Regions V, VI and RM238 CCP198 branches

13

Leadership in customer experienceBci ´s Strategy

1st place in Customer satisfaction* (Snex)

2nd place in Recommendation* (NPS)

Retail

Commercial 1st place in Customer satisfaction Bci - Real Estate Banking**


Corporate

14

* Results based on surveys conducted by Servitest-Ipsos (Snex and NPS) . Category: Large banks

** Results based on a survey conducted by Brainetwork

*** Results based on surveys conducted by Servitest-Ipsos

1st place in Customer satisfaction (Relationship managers)**

1st place in Reccomendation (Relationship managers)**

1st place complete assesment (Banks)***

1st place complete assesment (Relationship managers)***

1st place in Customer satisfaction (Sales & Trading)**

Others, 36,0 %

12,91%

18,41%

19,18%64,0%

BCI

Banco de Chile

Santander

Banco Estado

3rd largest privately owned bankin Chile

Total Loans Market Share* Net Income Market Share (LTM)*

Others, 28,4 %

15,38%

25,11%

25,27%

71,6%

BCI

Banco de Chile

Santander

Banco Estado


13,47%Banco Estado

Source: SBIF - * Figures as of June 2014, excluding Corpbanca’s acquisition in Colombia

Shareholder’s Equity Market Share

25,27%

5,83%

Banco Estado

NIBD Market share*

Others, 22,1%

14,98%

23,02%

21,23%

18,64%

77,9%

BCI

Banco de Chile

Santander

Banco Estado

15

Others, 44,6%

12,12%

17,42%

17,90%

7,93%

55,4%

BCI

Banco de Chile

Santander

Banco Estado

Sustained and profitable growth

Net Earnings growth and Market Share*(US$ Million)

20.66423.697

26.19624.639

26.629

12,94% 13,20% 13,23% 13,10% 12,91%13,0%

14,0%

15,0%

16,0%

17,0%

18,0%

19,0%

20,0%

10000

15000

20000

25000

30000

Loan Portfolio growth and Market Share*(US$ Million)

12,6%CAGR

475 493545

210

30415,21%

16,98% 16,15%14,94%

13,91% 13,0%

14,0%

15,0%

16,0%

17,0%

18,0%

19,0%

20,0%

200

300

400

500

600

8,1%

Corporate Presentation 2013Corporate Presentation 2014Corporate Presentation 2014 16

Time Deposits and NIBD (DDA)(US$ Million)

10,0%

11,0%

12,0%

0

5000

2011 2012 2013 2Q 2013 2Q 2014

10,0%

11,0%

12,0%

0

100

2011 2012 2013 2Q13 2Q14

18.019 19.689 21.119 19.991 21.443

5.7626.572

7.1216.467

7.257

2011 2012 2013 2Q 13 2Q 14

NIBD Deposits

11,2%

8,3%

Diversification

7,6%

8,2%

10,2%

11,5%12,4%

18,4%

20,9%

Telecom

FishingMining and ForestryUtilitiesAgricultureTransportationManufacturingConstructionServicesCommerceRetailOthersMortgages

0,4%1,2%

3,1%2,3%

2,1%1,7%

Source: SBIF - * Figures as of June 2014, excluding Corpbanca’s acquisition in Colombia Bci figures are converted to US$ using an FX of USD/CLP of 550.6 (June 30th 2014)

7,3%

12,2%

23,36% 24,17% 23,12% 24,76%21,46%

23,27% 22,74% 20,95% 22,76%18,94%

0,00%

5,00%

10,00%

15,00%

20,00%

25,00%

30,00%

2011 2012 2013 2Q13 2Q14

4,52% 4,21% 4,14% 3,99%4,50%

4,02% 3,78% 3,85% 3,65%4,26%

Sustained and profitable growth

NIM (%)*(Net interest margin/ average interest earning assets)

Fee income ratio (%)(Net fees/ net fees + net interest margin)


2011 2012 2013 2Q13 2Q14

Bci Banking Sector

2011 2012 2013 2Q 13 2Q 14

Bci Banking Sector

44,9%

46,1%

43,9%45,1%

42,5%

47,6% 48,1%46,2%

47,1%

44,3%

2011 2012 2013 2Q 13 2Q 14

Bci Banking Sector

23,1%

20,6% 20,2%

18,4%

22,5%

18,8%

15,8% 16,0%

14,5%

18,4%

2011 2012 2013 2Q13 2Q14

Bci Banking Sector

ROAE (%)Efficiency ratio** (%)

* This is the average of the last 13 months for earnings assets.Interest earning assets include: Total loans, Trading portfolio financial assets, Investments under agreements to resell, Financial investments available for sale , and held –to- maturity securities .**Efficiency ratio as calculated by SBIF (operating expenses/pre-tax income including additional allowances) using YTD figures.

17

International funding and differentsourcesInternational funding of recent years

Type of instrumentAmount Issued

US$ million

600

Bond

144 A bond

Syndicated Loan

2012

76

115

512 Commercial Paper*

Country/Region

Mexico

USA

Asia

USA

Term

18 months

5 years

2 years

< 1 year


2013

18

144 A bond

Bond

500

226

Syndicated Loan115

Bond135

Syndicated Loan150

Commercial Paper*497

* Commercial paper issued at the end of each year.

2014 Syndicated Loan125

167 Bond

USA

Switzerland

Asia

Switzerland

Global

USA

Japan

Switzerland

10 years

3 years

2 years

2 years

2 years

< 1 year

3 years

5 years

2,42%2,28%

2,30%

2,48% 2,49%

2,33% 2,27%

2,39%

2,27%2,44%

Allowances / Total Loans(Bci)

Allowances / Total Loans (Financial system)

Financial System Comparison - Risk

Conservative risk management policies

NPL Ratio (NPLs/Total Loans) %Risk Index Total Loans(Total Allowances for Loan Losses / Total Loans) %

2,33%2,06%

2,38%2,60% 2,73%2,37%

2,20%

2,12%2,20% 2,19%

NPLs / Total Loans (Bci) NPLs / Total Loans (Financial System)


2011 2012 2013 2Q 13 2Q 14

Coverage Ratio (Allowances /NPLs)

19

2011 2012 2013 2Q 13 2Q 14

112,64% 120,13% 105,14%101,84%

98,83%91,86%

107,62%

121,07%107,39%

120,04%

2011 2012 2013 2Q 13 2Q 14

Allowances / NPLs (Bci) Allowances / NPLs (Financial System)

Financial System Comparison - Risk

Conservative risk management policies

Risk Index Commercial Loans (%)Risk Index Total Loans (%)

2,42%2,28% 2,30%

2,48% 2,49%

2,33% 2,27%

2,39%

2,27%

2,44%

Allowances / Total Loans(Bci)

Allowances / Total Loans (Financial system)

2,46% 2,25% 2,39%2,56%

2,73%

2,14%2,00%

2,19%2,04%

2,30%

Commercial Allowances / Commercial Loans (Bci)

Commercial Allowances / Commercial Loans (Financial system)

Risk Index by type of credit


0,44% 0,39% 0,45% 0,39% 0,48%

0,94% 0,79% 0,75% 0,74% 0,67%

2011 2012 2013 2Q 13 2Q 14

Mortgage Allowances / Mortgage Loans(Bci)

Mortgage Allowances / Mortgage Loans (Financial system)

20

Risk Index Mortgage Loans (%)

2011 2012 2013 2Q 13 2Q 14

2,00% 2,04%

2011 2012 2013 2Q 13 2Q 14

5,41% 5,43% 4,92% 5,31% 4,79%

6,08% 6,36% 6,31% 6,38% 6,43%

2011 2012 2013 2Q 13 2Q 14

Consumer Allowances / Consumer Loans (Bci)

Consumer Allowances / Consumer Loans (Financial system)

Risk Index Consumer Loans (%)

Sound capital levels

13,92% 13,60% 13,44% 13,21% 13,91%

6,84% 7,04% 7,14% 7,16% 7,19%

Regulatory Capital / Consolidated Risk weighted assets

Basic Capital / Total Assets

Required by Sbif (8%)


Capital Base

Corporate Presentation 2013Corporate Presentation 2014Corporate Presentation 2014 21

2011 2012 2013 2Q 13 2Q 14


9,39% 9,62% 9,48% 9,56% 9,85%

4,53% 3,99% 3,96% 3,65% 4,06%

13,92% 13,60% 13,44% 13,21% 13,91%

2011 2012 2013 2Q 13 2Q 14

Tier II

Core Capital

Capital Base

Value creation over the years

Simulation of long term return including corporate events (Index 100: 31-12-2008)

150

200

250

300

350

400

450

BCI

Financial

System Index

IPSA


2009 2010 2011 2012 2013 YTDReturn 63.8% 107.8% -9.8% 19.0% -8.1% 20.5%•Price 52.9% 99.4% -12.9% 14.4% -11.5% 14.0%•Corporateevents 10.9% 8.4% 3.1% 4.6% 3.4% 6,5%

P/B 2.14 3.86 2.57 2.42 1.98 2.18P/E 10.1 15.4 13.0 12.7 10.4 10.2

22

25-09-2014

0

50

100

150

30-12-2008 30-12-2009 30-12-2010 30-12-2011 30-12-2012 30-12-2013

IPSA

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“This presentation contains forward-looking statements in various places throughout therein, related to, withoutlimitation, our future business development. Forward-looking information is often, but not always, identified by the

use of words such as“anticipate”, “believe”, “expect”, “plan”, “intend”, “forecast”, “project”, “may”, “will”, “should”, “could”, “estimate”, “predict” or similar words suggesting future outcomes or language suggesting an outlook. While these forward looking

statements represent our judgment and future expectations concerning the development of our business, a number

Thank you

“


statements represent our judgment and future expectations concerning the development of our business, a numberof risks, uncertainties and other important factors could cause actual developments and results to differ materiallyfrom our plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking

statements. The risk factors and other key factors that we have indicated in our past and future filings andreports, including those with local or foreign authorities, could adversely affect our business and financialperformance.

The information contained herein is subject to, and must be read in conjunction with, all other publicly availableinformation, including relevant document published by Banco de Crédito e Inversiones (“BCI”) or any of its related

companies.

The forward-looking statements represent our views as of the date of this presentation and should not be relied uponas representing our views as of any date subsequent to the date of this presentation. We undertake no obligation toupdate any of these statements.

Recipients of this presentation are not to construe the contents therein as legal, tax or investment advice and suchrecipients should consult their own advisors in this regard. Likewise, this presentation does not constitute or formany part of any offer, invitation or inducement to sell or issue, or any solicitation of any offer to purchase orsubscribe for, any shares or other securities issued or related to BCI.

Furthermore, any liability for losses arising from the use of material contained in this presentation, whichis confidential and submitted to prior selected recipients only, is accepted by BCI or its executives, directors or

related companies. This presentation may not be reproduced (in whole or in part) to any other person, without ourprior written consent”.

%∆YoY

Operating Revenues 811,256 911,659 1,005,351 10.3% 461,115 552,824 19.9%

Provision Expenses 142,846 172,015 203,238 18.2% 109,575 125,977 15.0%

Operating Expenses 364,534 419,100 447,543 6.8% 215,686 231,708 7.4%

Income Before Taxes 312,358 327,103 362,429 10.8% 140,851 199,939 42.0%

Jun-13 Jun-14 %∆2011 2012 2013

Financial results

Ch$ Million

Pesos


Net Income 261,268 271,256 300,294 10.7% 115,674 167,298 44.6%

Total Loans 11,378 13,047 14,423 10.5% 13,566 14,662 8.1%

Total Assets 16,110 17,996 20,299 12.8% 18,481 21,696 17.4%

Total Deposits 9,922 10,841 11,628 7.3% 11,007 11,806 7.3%

Equity 1,222 1,420 1,582 11.4% 1,474 1,657 12.4%

Ch$ Thousand Million

24

%∆YoY

Operating Revenues 1,473 1,656 1,826 10.3% 837 1,004 19.9%

Provision Expenses 259 312 369 18.2% 199 229 15.0%

Operating Expenses 662 761 813 6.8% 392 421 7.4%

Income Before Taxes 567 594 658 10.8% 256 363 42.0%

2011 2012 2013 Jun-13 Jun-14 %∆

Financial results

US$ Million

Dollar US$


Net Income 475 493 545 10.7% 210 304 44.6%

Total Loans 20,665 23,696 26,195 10.5% 24,639 26,629 8.1%

Total Assets 29,259 32,684 36,867 12.8% 33,565 39,404 17.4%

Total Deposits 18,020 19,689 21,119 7.3% 19,991 21,442 7.3%

Equity 2,219 2,579 2,873 11.4% 2,677 3,009 12.4%

US$ Million

25

Figures are converted to US$ using an FX of USD/CLP of 550.6 (June 30th 2014)

Documents

Bci Personas | Banco Bci - Corporate Presentation 2014 · 2015. 3. 30. · Bci Corporate Presentation 2013Corporate Presentation 2014 12 *Figures are converted to US$ using an FX