bbva francés - bbva argentina - bbva · dec-14 jun-15 dec-15 jun-16. an player with capacity to...
TRANSCRIPT
![Page 1: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/1.jpg)
BBVA FrancésCorporate Presentation
2°Quarter 2016
![Page 2: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/2.jpg)
![Page 3: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/3.jpg)
![Page 4: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/4.jpg)
![Page 5: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/5.jpg)
27%
27%
11%
17%
16%
2%
Spain3,304
South America1,990
USA1.330
Turkey2,154México
3,309
GrossMargin1S 16
Rest of Eurasia281
€million
![Page 6: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/6.jpg)
![Page 7: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/7.jpg)
![Page 8: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/8.jpg)
![Page 9: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/9.jpg)
![Page 10: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/10.jpg)
1,4%
1,7% 1,7%
2,0%
1,7%1,9%
![Page 11: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/11.jpg)
Source: BCRA
Dec-14 Jun-15 Dec-15 Jun-16
![Page 12: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/12.jpg)
![Page 13: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/13.jpg)
![Page 14: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/14.jpg)
![Page 15: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/15.jpg)
![Page 16: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/16.jpg)
An player with capacity to increase its participation…
6.91%7.13%
23,03
10,57
8,62
7,77
5,87
5,44
4,18
3,95
3,64
2,91
Private share
16,58
9,28
9,27
8,60
6,44
6,41
4,18
3,97
3,44
3,34
![Page 17: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/17.jpg)
00000
75,95
24,0510,18
13,86
ADRs
ORDs
Mkt Cap $ 56,077 MMUS$ 3,759 MM
P/E $ 14,55x
BV/ Share $ 27.84
Mkt data as of June 30, 2016Exchange rate: 14.92$/US$
Floating
Mkt Data
Av. Volume (3 mths) NYSE US$ 2.5 MMBCBA $ 8.8 MM
Indicators
ORDs
Since 1996
![Page 18: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/18.jpg)
Fix SCR* Shares 1 Neutral
Negotiable Obligations Global Program (U$S 750 million) AAA(arg)
Subordinated Senior Debt AA+ (arg)Senior Debt Short Term A1+ (arg)Senior Debt Long Term AAA (arg)
S&P Institutional Rating Long Term raBBB Neutral
Institutional Rating Short Term raA-2
Negotiable Obligations Global Program (U$S 750 million) raBBB Neutral
*In November 2013, Fitch Argentina sold 70% of its capital stock to a local investor group and changed its name to Fix Scr. This new group will be responsible for the local credit rating.
![Page 19: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/19.jpg)
![Page 20: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/20.jpg)
Figures in million pesos 2°Q-16 1°Q-16 2°Q-15 ∆ Y/Y
Net Financial Income 3,342,8 2,980 1,973.2 69.4%
Provision for Loan Losses (336,1) (161,4) (181,2) 85.5%
Net Income from Services 1,014,4 931,1 800,6 26,7%
Administrative Expenses (2,211,7) (2,095,8) (1,472.3) 50,2%
Operating Income 1,809,4 1,653,9 1,120.4 61,5%
Income tax (886,7) (550,2) (452,9) 95,8%
Net Income 963,3 1,165,1 667,2 44,4%
+39.5%adjusted
+16,4%adjusted
*
![Page 21: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/21.jpg)
1.973
2.980
3.343
Net financialincome
16,0%15,5% 15,3%
Private SpreadAverage spread (pesos)
- 75 bp -23 bp
YoY QoQ
YoY
+69,4%
![Page 22: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/22.jpg)
801931 1.014
862
1.2201.304
610
876 907
16.4% 8.4%
YoY QoQ
![Page 23: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/23.jpg)
53,1% 53,6%
50,8%
54,4%44,4%
45,9%
-230 pb -280 pb
YoY QoQ
- 850 pb 150 pb
YoY QoQ
![Page 24: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/24.jpg)
17,985
65,846
16,934
26,524
14,945
23.773
92,827
BCRA Notes
131,545 131,545
7.8x 70.9% 46.8%
![Page 25: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/25.jpg)
47.014
59.135
65.846
Credit Cards 30%
Personal Loans12%
Car Loans 7%Mortgages 3%
+40%YoY
AverageLending Rate 25.8%
Market Share (%) 6,56 6,68 6,91
![Page 26: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/26.jpg)
5.965
7.510 8.034
6.354
7.429 7.582
Market Share (%) 17.09 18.58 18.49
Market Share (%) 4.69 4.36 4.21
+ 19% + 2%
YoY QoQ
+ 35% + 0%
YoY QoQ
![Page 27: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/27.jpg)
13.34218.176
19.421
Volume Stock
63,9%
70,0% 78,4%
Market Share (%) 12.1 12.3 12.5
+ 46% + 7%
y/y q/q
In million pesos
y/y q/q
+ 19% + 4%
![Page 28: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/28.jpg)
12,1%12,3%
12,5%63,9%
70,0%78,4%
![Page 29: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/29.jpg)
Market Share (%) 10.02 9.18 9.14
Market Share (%) 13.15 11.08 14.74
11.354
14.979 15.471
10.35710.858
14.915
+ 36 % + 3%
YoY QoQ
+ 44% + 37%
YoY QoQ
![Page 30: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/30.jpg)
![Page 31: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/31.jpg)
2.6894.090 4.363
11.514
12.321 11.558
![Page 32: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/32.jpg)
1.68% 0.21% 0.00%
236,0% 283,7%247,8%
0,89%0,69%
0,85%
0%
1%
2%
3%
4%
5%
Coverage NPL
1,83
0,73
1,1
1,60
1,52
![Page 33: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/33.jpg)
60.016
80.10192.827
29%
71%
TD < 1MM
TD > 1MM
10.6%
+55%YoY
+28%
Market share (%) 6,68 6,94 7,13
![Page 34: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/34.jpg)
Fix Rating AAA (Arg)
![Page 35: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/35.jpg)
23,4
32,6
25,8
ROE
3,2
4,1
3,1
ROA
* Annualized ratios
![Page 36: BBVA Francés - BBVA Argentina - BBVA · Dec-14 Jun-15 Dec-15 Jun-16. An player with capacity to increase its participation ... Corporate Presentation 2°Quarter 2016. Title: Diapositiva](https://reader030.vdocuments.mx/reader030/viewer/2022041015/5ec613d57de35c0582412e9c/html5/thumbnails/36.jpg)
BBVA FrancésCorporate Presentation
2°Quarter 2016