Download presentation - UniCredit Group

More documents

Recommendations

Info

CORPORATE DIVISION: REVENUES AND COSTS BREAKDOWN BY COUNTRY TOTAL REVENUES (mln and y/y % ch.) 1,457 1,504 144 171 223 218 376 378 713 736 1Q07 1Q08 OPERATING COSTS (mln and y/y % ch.) 495 511 54 59 63 63 128 128 249 260 1Q07 Global Leasing (1) Corporate Austria 1Q08 Corporate Germany 3.2% 18.8% -2.2% 0.5% 3.2% 3.2% 9.3% 0.0% 0.0% 4.4% Corporate Italy (2) • Global leasing: +18.8% y/y due to solid performance of operating leasing, catch opportunities in CEE and on going re-pricing • Austria: -2.2% y/y: net interest good performance (+8.4% y/y) offset by shortfall in derivatives sale • Germany: +0.5% y/y thanks to net interest (+5.5% y/y) offsetting underperforming net commissions related to derivatives • Italy: +3.2% despite commercial shift from derivatives (~22 mln), strong net interest income performance +9.3% y/y, largely volumes effect, with ongoing re-pricing efforts to sustain lending spread • Global leasing: increase mainly due to strengthening of commercial network to support expansion strategy. Cost/Income down 3 p.p. y/y from 37.5% to 34.5% • Austria: strict cost control on other administrative expenses lead to y/y flat costs • Germany: cost management actions result in y/y stable Cost/Income ratio at 33.9%, -18 bp vs. previous year • Italy: increase mainly related to Capitalia integration and labor contract renegotiation 46 (1) Global Leasing includes MCC Leasing (2) Including Capitalia MID Corporate, MCC Finanziamenti
CORPORATE DIVISION: NET WRITE-DOWNS OF LOANS AND COST OF RISK BY COUNTRY NET WRITE-DOWNS OF LOANS (mln and y/y % ch.) COST OF RISK (bp) 204 17 13 51 124 277 30 14 54 179 35.8% 76.5% 7.7% 5.9% 44.4% Total Global Leasing Austria Germany 21 20 30 46 46 53 53 56 1Q07 Global Leasing (1) Corporate Austria 1Q08 Corporate Germany Corporate Italy (2) Italy 57 63 1Q08 FY07 47 • Increase in provisions mainly due overall growth of lending volumes and cautious provisioning to face expected economy slowdown • Global leasing: higher write-downs due to business growth and to a one-off MCC “big ticket” (~5 mln) • Austria: increased provisions related to volumes growth, cost of risk stable • Germany: cost of risk comparison affected by extraordinary write-backs in CREF Germany during 2007 • Italy: ~20 mln reclassified from risk and charges, growth of lending volumes and modest signs of credit environment deterioration impacting provisioning (1) Global Leasing includes MCC Leasing (2) Including Capitalia MID Corporate, MCC Finanziamenti
Page 1 and 2: UNICREDIT GROUP 1Q08 Results Alessa
Page 3 and 4: AGENDA UniCredit Group 1Q08 Results
Page 5 and 6: SOLID COMMERCIAL BANKING PERFORMANC
Page 7 and 8: STRONG GROWTH OF LOANS AND DEPOSITS
Page 9 and 10: STRONG OPERATING COST DISCIPLINE: -
Page 11 and 12: GROUP ASSET QUALITY KEEPS IMPROVING
Page 13 and 14: NON OPERATING ITEMS IN 1Q08: POSITI
Page 15 and 16: 6% CORE TIER I YEAR END 2008 TARGET
Page 17 and 18: SIGNIFICANT EVA CREATION FROM COMME
Page 19 and 20: RETAIL ITALY: STRENGTH OF THE NETWO
Page 21 and 22: STRONG COST CUTTING CONFIRMED, WITH
Page 23 and 24: ~1 BN IMPACT IN CREDIT RELATED BUSI
Page 25 and 26: MIB MARKETS EXCL. CREDIT RELATED AC
Page 27 and 28: PRIVATE BANKING DIVISION: POSITIVE
Page 29 and 30: ASSET MANAGEMENT: AUM DOWN 5% EXCLU
Page 31 and 32: CEE REGION: SIGNIFICANT NET INCOME
Page 33 and 34: POLAND’S MARKETS: HEALTHY LENDING
Page 35 and 36: CONCLUSIONS • Commercial banking
Page 37 and 38: AGENDA UniCredit Group 1Q08 Results
Page 39 and 40: HVB: CONTINUED SUCCESSFUL REDUCTION
Page 41 and 42: RETAIL DIVISION: OPERATING PERFORMA
Page 43 and 44: GLOBAL ABS PORTFOLIO: A HIGH QUALIT
Page 45: HIGH QUALITY LEVERAGED BUY-OUT BUSI
Page 49 and 50: CEE DIVISION: INCOME STATEMENT mln
Page 51 and 52: CEE DIVISION: REVENUE AND NET INCOM
Page 53 and 54: HVB INCOME STATEMENT mln 1Q07 1Q08

Download presentation - UniCredit Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?