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Merrill Lynch Conference – Bnp Resources Inc.

Bnp Resources Inc. · Sep 30, 2014 · 34 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Merrill Lynch Conference – Bnp Resources Inc. – slide 1
    BNP Paribas Turning to the future Jean-Laurent Bonnaf Chief Executive Officer Bank of America Merrill Lynch Conference, London 30 September 2014
  2. Merrill Lynch Conference – Bnp Resources Inc. – slide 2
    Overview The Group is implementing major upgrades to its compliance and control system Good performance of the operating divisions in 2Q14 and rock-solid balance sheet Development plan investments starting to bear fruit…
  3. Merrill Lynch Conference – Bnp Resources Inc. – slide 3
    Groups Adaptation Post US Settlement 2Q14 Results Highlights Continuing to Move Forward in All Divisions Ongoing Adjustments in Europe Appendix Bank of America Merrill Lynch September 2014 4
  4. Merrill Lynch Conference – Bnp Resources Inc. – slide 4
    Comprehensive Settlement with U.S. Authorities 30 June 2014: comprehensive settlement(1) with the U.S. authorities regarding the review of certain USD transactions involving parties subject to U.S. sanctions Includes among other…
  5. Merrill Lynch Conference – Bnp Resources Inc. – slide 5
    Major Changes to the Groups Compliance and Control Setup Organisational alignment of all supervisory and control functions(1) With the model of the Risk function and the General Inspection Vertical integration of the Compliance and…
  6. Merrill Lynch Conference – Bnp Resources Inc. – slide 6
    Increasing Resources and Reinforcing Compliance and Control Procedures Continue to increase resources earmarked for compliance Increase the staffing of the function, which is already up by over 40% since 2009 (1,125 people in 2009,…
  7. Merrill Lynch Conference – Bnp Resources Inc. – slide 7
    Groups Adaptation Post US Settlement 2Q14 Results Highlights Continuing to Move Forward in All Divisions Ongoing Adjustments in Europe Appendix Bank of America Merrill Lynch September 2014 8
  8. Merrill Lynch Conference – Bnp Resources Inc. – slide 8
    2Q14 Results Highlights 5,950m in 2Q14, of which: One-off costs related to the comprehensive settlement with - Penalties(1): 5,750m U.S. authorities - Remediation plan: 200m Net income, Group share: -4,317m Net income excluding…
  9. Merrill Lynch Conference – Bnp Resources Inc. – slide 9
    2Q14 Results Delivering on Simple & Efficient Cumulative recurring cost savings bn Continued the momentum throughout the entire Group 1,336 programmes identified including 2,578 projects 1.6 of which 94% are already under way 2.8…
  10. Merrill Lynch Conference – Bnp Resources Inc. – slide 10
    Rock-Solid Balance Sheet Stringent Group Risk Policy Net provisions/Customer loans (in annualised bp) Group 98 Impact of Greek sovereign debt 46 58 impairment 1 52 57 59 56 64 52 64 68 53 2011 2012 2013 1Q13 2Q13 3Q13…
  11. Merrill Lynch Conference – Bnp Resources Inc. – slide 11
    Rock-Solid Balance Sheet Solvency Ratio Well Above 9% Minimum Requirement Common Equity Tier 1 ratio under Basel 3(1) fully loaded (as at 30.06.14) 13.5% 12.7% 11.5% 11.3% 10.6% 10.2% 10.1% 10.1% 10.1% 10.0% 10.0% 9.9% 9.9% 9.9%…
  12. Merrill Lynch Conference – Bnp Resources Inc. – slide 12
    Rock-Solid Balance Sheet Ample Liquidity & Funding Very large liquidity reserve: 244bn as at 30.06.14 (247bn as at 31.12.13) Immediately available Liquid Asset Buffer (30.06.14) Amounting to 141% of short-term wholesale funding bn…
  13. Merrill Lynch Conference – Bnp Resources Inc. – slide 13
    Groups Adaptation Post US Settlement 2Q14 Results Highlights Continuing to Move Forward in All Divisions Ongoing Adjustments in Europe Appendix Bank of America Merrill Lynch September 2014 14
  14. Merrill Lynch Conference – Bnp Resources Inc. – slide 14
    Domestic Markets 2Q14 Results Deposits Business activity +3.8% Deposits: +3.8% vs. 2Q13, good growth in France, Belgium 296 and at Cortal Consors in Germany 285 11 12 PI Loans: -0.8% vs. 2Q13, loan demand still weak 13 13 LRB…
  15. Merrill Lynch Conference – Bnp Resources Inc. – slide 15
    International Retail Banking 2Q14 Results Deposits(1) Strong business activity Deposits: +8.0%(1) vs. 2Q13, up in most countries, +8.0% strong rise at BancWest and in Turkey 69.3 64.2 Loans: +8.1%(1) vs. 2Q13, rise in particular…
  16. Merrill Lynch Conference – Bnp Resources Inc. – slide 16
    Personal Finance 2Q14 Results Consolidated outstandings Acquisition of full ownership in LaSer On 25 July, BNP Paribas bought out Galeries Lafayettes stake (50%) +3.6%(1) in LaSer following the exercising of their put option 44.7…
  17. Merrill Lynch Conference – Bnp Resources Inc. – slide 17
    Investment Solutions 2Q14 Results Revenues by business unit Revenues: 1,660m (+5.0%(1) vs. 2Q13) +5.0%(1) Insurance: +8.1%(1) vs. 2Q13, good progress in France and Italy, strong growth in international protection insurance 1,593…
  18. Merrill Lynch Conference – Bnp Resources Inc. – slide 18
    Corporate and Investment Banking 2Q14 Results Revenues by Equities & Advisory Fixed Income Revenues: 2,398m excluding FVA(1) business unit Corporate Banking (+14.6%(2) vs. 2Q13) m FVA(1) introduction One-off impact this quarter of…
  19. Merrill Lynch Conference – Bnp Resources Inc. – slide 19
    Germany A Target for our Development in Europe A diversified organisation covering all client segments An organisation covering 12 businesses all client segments 4,000 employees Retail: CORTAL CONSORS Hamburg LEASING SOLUTIONS…
  20. Merrill Lynch Conference – Bnp Resources Inc. – slide 20
    Poland Bank BGZ Acquisition Project Branch network N of branches Description of the process Acquisition of 90%(1) of Bank Gospodarki Zywnosciowej (BGZ) Tender Offer announced on 25 August 2014 valuing BGZ(2) at PLN 4.52bn (1.1bn) -…
  21. Merrill Lynch Conference – Bnp Resources Inc. – slide 21
    Asia Pacific Continued Development of the Business Significant new commercial partnerships CIB & IS revenues China: Bank of Nanjing (consumer finance and leasing), bn Target Bank of Beijing (insurance), Geely (car financing) +24.4%…
  22. Merrill Lynch Conference – Bnp Resources Inc. – slide 22
    Groups Adaptation Post US Settlement 2Q14 Results Highlights Continuing to Move Forward in All Divisions Ongoing Adjustments in Europe Appendix Bank of America Merrill Lynch September 2014 23
  23. Merrill Lynch Conference – Bnp Resources Inc. – slide 23
    Situation of the Euro zone Economy Public deficit Public debt 130 As % of GDP As % of GDP US 120 -2 110 EZ 100 EZ 90 UK UK 80 -7 US 70 60 50 -12 40 2006 2007 2008 2009 2010 2011 2012 2013 2006 2007 2008 2009 2010 2011 2012…
  24. Merrill Lynch Conference – Bnp Resources Inc. – slide 24
    Situation of the Euro zone Economy Real GDP growth (annual growth rates, %) 6 4 UK 2 US 0 EZ -2 -4 -6 -8 2006 2007 2008 2009 2010 2011 2012 2013 2Q 2014 Recovery delayed in the Euro area Source: Central…
  25. Merrill Lynch Conference – Bnp Resources Inc. – slide 25
    ECB: Ongoing Actions Central banks assets: ample room to manoeuvre for ECB Base 100 End-2007 518 FED 407 BOE QE3 137 ECB LTRO repayments 2008 2009 2010 2011 2012 2013 2014 (Aug) Targeted LTROs: a 4-year refinancing…
  26. Merrill Lynch Conference – Bnp Resources Inc. – slide 26
    New European Banking Framework Recovery and Adoption of a single Implementation of Resolution Directive rule book (Capital the fiscal pact and Deposit Requirement transferring fiscal EU Regulation) based balance monitoring…
  27. Merrill Lynch Conference – Bnp Resources Inc. – slide 27
    Conclusion The Group is implementing major upgrades to its compliance and control system Rock-solid balance sheet Good performance of the operating divisions in 2Q14: Pre-tax income(1) : +11.4%(2) / 2Q13 Development plan…
  28. Merrill Lynch Conference – Bnp Resources Inc. – slide 28
    Groups Adaptation Post US Settlement 2Q14 Results Highlights Continuing to Move Forward in All Divisions Ongoing Adjustments in Europe Appendix Bank of America Merrill Lynch September 2014 29
  29. Merrill Lynch Conference – Bnp Resources Inc. – slide 29
    Leverage Ratio Well Above 2018 CRD4 Threshold Fully loaded Basel 3 Tier 1 leverage ratio (as at 30.06.14)(1) 5.8% 4.3% 3.7% 3.6% 3.5% 3.4% 3.4% 3.4% 3.3% 3.2% 3.0% (2) BBVA HSBC RBS SG BNPP DB Barclays UBS CBK CS…
  30. Merrill Lynch Conference – Bnp Resources Inc. – slide 30
    Long Term Track-Record in Strengthening Financial Structure 79.0 CET1 capital 69.0 bn 59.0 49.0 39.0 66 65 63 29.0 50 55 59 19.0 29 9.0 -1.0 31.12.08 31.12.09 31.12.10 31.12.11 31.12.12 31.12.13 30.06.14 Basel 2 Basel 2.5…
  31. Merrill Lynch Conference – Bnp Resources Inc. – slide 31
    Medium/Long-Term Funding 2014 Programme 2014 MLT wholesale funding Wholesale MLT funding structure programme: 23bn breakdown as at 30.06.14: 141bn bn Senior debt: 23.7bn realised(2) at mid-July 2014 Maturity: 4.8 years on average…
  32. Merrill Lynch Conference – Bnp Resources Inc. – slide 32
    Variation in the Cost of Risk by Business Unit (1/3) Net provisions/Customer loans (in annualised bp) Group Cost of risk: 855m 98 -229m vs. 1Q14 58 -189m vs. 2Q13 46 1 Overall stability since the beginning 52 57 59 56 64 52 64…
  33. Merrill Lynch Conference – Bnp Resources Inc. – slide 33
    Variation in the Cost of Risk by Business Unit (2/3) Net provisions/Customer loans (in annualised bp) FRB Cost of risk: 103m -5m vs. 1Q14 +15m vs. 2Q13 22 21 23 21 24 24 24 30 29 Cost of risk still low 2011 2012 2013 1Q13 2Q13…
  34. Merrill Lynch Conference – Bnp Resources Inc. – slide 34
    Variation in the Cost of Risk by Business Unit (3/3) Net provisions/Customer loans (in annualised bp) Europe-Mediterranean Cost of risk: 50m -55m vs. 1Q14 154 -12m vs. 2Q13 115 117 95 124 85 92 83 72 Decline in the cost of risk…

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