BANCA GENERALI S.P.A. COMPANY PRESENTATION
17 NOVEMBER 2021
2019-21 BUSINESS PLAN FOCUSED ON GROWTH AND SUSTAINABILITY
THREE STRATEGIC GUIDELINES AND FIVE KPIS FOR 2021
Strategic guidelines
2021 KPIs and Targets
1
Empowering FAs
To Consolidate our leadership in Italy empowering the best Financial Advisors
Clients' first choice
1 | Total Assets: 76-80bn/€ |
2 | Cumulated Net Inflows: >14.5 bn/€ |
2 To be the Clients' first choice for quality of professionals, protection and value of service and state-of the-artdigital presence
3 Core Net Banking Income: ≥63 bps |
4 Core operating costs: 3%-5%CAGR |
3
Internazional aspiration
To create a new long-termgrowth engine by selectively expanding our
geographical footprint
5 Dividends: 70%-80% pay-out ratio; Floor |
DPS of 1,25€; commitment to sound |
capital ratios |
2
APPROACHING THE END OF THE 2019-21 PLAN
DELIVERY ON TARGETS AND MORE
ObjectiveKPIs
Asset growth | Total Assets (bn/€) | |
Cumulative Net Inflows (bn/€) | ||
Core Net Banking Income1 | ||
Sustainable | ||
profitability | 'Core' Operating Costs1: | |
Shareholders' | Dividend pay-out |
remuneration | Dividend per share |
2021 Targets
76-80 bn/€
>14.5 bn/€
≥63 bps
3%- 5% CAGR
70%-80%pay-out ratio
DPS (1.25€) set as a floor
9M 21 YTD Results | Score |
82.1 bn/€
16.5 bn/€
67 bps
4.6%2
€1.25 DPS floor on 2021
already allocated
€3.3 DPS on 2019/20 already
approved by AGM
Legenda: On track to 2021 target
3 NOTES: 1) Operating costs have been reclassified in order to incorporate recent acquisitions on a line-by-line basis; 2) 9M21 YoY growth based on revised perimeter (including Nextam and Valeur, that were excluded by the initial guidance)
KEY INVESTMENT HIGHLIGHTS
ACHIEVEMENTS AND OUTLOOK
Strong track record in asset growth, market share gain and private banking positioning
Positive net inflows in any market condition, size and quality of the FAs network winning factor
Expanded value proposition and ongoing improvement in our clients' asset quality
Growing and sustainable earnings generation, recurring profitability and operating leverage
Solid capital ratios, capital-light business model and Shareholders' remuneration
4
ASSET GROWTH, MARKET SHARE GAIN, PRIVATE POSITIONING
ASSETS MORE THAN TRIPLED IN THE LAST NINE YEARS
Total Assets, bn/€
PHASE 1 | PHASE 2 |
+24.6 | 82.1 | ||||
74.5 | |||||
+15.9 | |||||
69.0 | |||||
55.7 | 57.5 |
+15.4 47.5
41.6
36.6
15.8 20.7 21.4 19.0 22.2 23.6 23.3 26.2 29.1
2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 9M21 |
Focus on efficiency and productivity | Focus on WM approach |
Accelerated pace of growth across 2019-21business plan (+€24.6bn as of 9M21) outpacing growth in the previous cycles (3Y avg. €15.7bn)
3Y growth driven by organic drivers while M&A accounted for less than 10% of total asset expansion YTD
5
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Banca Generali S.p.A. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 10:06:06 UTC.
