kbc group - [email protected] treasurer patrick roppe +32 2 429 20 96...
TRANSCRIPT
214 EuroWeek Financing financial institutions
KBC Group
KBC Group
Covered bonds Subordinated debt Senior unsecured Securitisation
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
2005 2006 2007 2008 2009 2010
Source: Dealogic. Data to August 20 2010
$m
Debt issuance
0
2
4
6
8
10
12
Dec 31, 2009 Jun 30, 2010
Tier one Core tier one
%
Source: KBC
Debt issuance
capital ratios
rank lead Manager amount $m no of issues
% share
1 KBC 1,706 80 39.53
2 DZ Bank 834 3 19.33
3 Deutsche Bank 445 3 10.3
4 UBS 434 1 10.07
5 SG Corporate & Investment Banking
279 2 6.47
6 Credit Suisse 222 2 5.15
7 Credit Agricole CIB
135 1 3.12
8 JPMorgan 75 1 1.73
8 Intesa Sanpaolo 75 1 1.73
10 HSBC 50 2 1.16
subtotal 4,256 87 98.6
total 4,316 90 100
Source: Dealogic (Sep 20, 2009 to Sep 19, 2010) -
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2010
20
11
2012
2013
2014
20
15
2016
2017
2018
2019
2020
2021
-2040
2041
+
Source: Dealogic. Data to September 1, 2010 (securitisations not included)
$m
Maturity profile
Source: Committee of European Banking Supervisors
%
Actual t
ier one
(2009)
Benchmark sce
nario
Adverse sce
nario
Additional
sovereign sh
ock
10.9 12.2
9.8 9.4
0
2
4
6
8
10
12
14
cebs stress tests
top bookrunners
cfoLuc Philips+32 2 429 41 [email protected]
treasurerPatrick Roppe+32 2 429 20 [email protected]
Director of investor relationsWim Allegaert+32 2 429 40 [email protected]
key contacts
kbc Group nV
long term iDr ashort term iDr f1support rating 1support rating floor a
summary:KBC Bank’s and KBC Group’s long-term IDRs are at their support rating floors, indicating an extremely high probability of additional support, in case of need, from the Belgian state (AA+ / stable). KBC Bank’s individual rating reflects its strong franchise in Belgium, the adequate quality of the loan book despite some deterioration and healthy funding base. It also factors in pressure on profitability, exposure to central and eastern Europe (CEE) and reduced financial flexibility given the group will repay by end-2013 the Eu7bn hybrid capital received from the government during the crisis. The group was severely affected by the financial crisis, with significant trading losses largely due to valuation write-downs on its CDO portfolio. As the Belgian state has provided a guarantee covering 90% of the default risk beyond a first loss of Eu3.2bn against a notional CDO amount, any further negative impact on this exposure should be contained.
fitch ratinGs upDate
Financing financial institutions EuroWeek 215
KBC Group
-4,000
-3,000
-2,000
-1,000
0
1,000
2,000
3,000
Total income Profit before tax Profit after tax*
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10
Eu m
*Attributable to equity holders of parent. Source: KBC
0
0.5
1
1.5
2
2.5
3
3.5
4
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
1Q10
2Q10
3Q09
4Q09
%
Source: KBC
-3000
-2500
-2000
-1500
-1000
-500
0
500
1000
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10
Eu m
Source: KBC
Belgium Central &Eastern Europe
Merchant banking
Group centre
Mar 312009
Jun 302009
Mar 312010
Jun 302010
Sep 302009
Dec 312009
300
310
320
330
340
350
360Eu bn
Source: KBC
10
11
12
13
14
15
1
17
18
6
Dec 31, 2009 Jun 30, 2010
%
Source: KBC
48
49
50
51
52
53
54
55
56
Dec 31, 2009 Jun 30, 2010
%
Source: KBC
Mar 312009
Jun 302009
Mar 312010
Jun 302010
Sep 302009
Dec 312009
0
50
100
150
200
250
Loans & advances to customers
Customer deposits & debt certificates
Eu bn
Source: KBC
incoMe stateMent
npl ratio
profit by business seGMenttotal assets
return on equity cost/incoMe ratio – bankinG
loans / Deposits
pricing date: July12,2010
Value: €350m
Maturity date: July19,2013
coupon: 3mEuribor+165bp
bookrunners: CreditSuisse,DZBank,KBC
pricing date: March24,2010
Value: €750m
Maturity date: March31,2015
coupon: 3.875%
spread to swaps: 155bp
bookrunners: DeutscheBank,DZBank,KBC,SGCorporate&InvestmentBanking
pricing date: January13,2010
Value: €600m
Maturity date: January20,2012
coupon: 3mEuribor+75bp
bookrunners: DZBank,UBS
Source: Dealogic
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