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    BGN   IT0001031084

BANCA GENERALI S.P.A.

(BGN)
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Banca Generali S p A : IR Investment Profile 9M 21

11/17/2021 | 05:07am EST

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

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

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.


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Net income 2021 337 M 380 M 380 M
Net cash 2021 632 M 713 M 713 M
P/E ratio 2021 11,9x
Yield 2021 5,91%
Capitalization 3 956 M 4 476 M 4 462 M
EV / Sales 2021 4,33x
EV / Sales 2022 4,85x
Nbr of Employees 991
Free-Float 48,3%
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Gian Maria Mossa Chief Executive Officer, Director & GM
Tommaso di Russo Chief Financial Officer & Head-Strategy
Antonio Cangeri Chairman
Riccardo Renna Chief Operation Officer
Matteo Canali Head-Compliance Direction & Anti Money Laundering
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