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INVESTOR PRESENTATION
H1 2013
H1 2013
By opening this presentation and/or attending the meeting where this presentation is made, you agree to be bound by the following limitations.
This presentation is for information purposes only and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, orsolicitation of any offer to buy or subscribe for, any securities of FGA Capital S.p.A. or any of its subsidiaries (together, FGA Capital), nor should this presentation orany part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. If any offer for any such securities is made, it will bedone so pursuant to separate and distinct documentation in the form of a prospectus or offering circular and such other documentation as may be required for thepurposes of such an offer and any decision to purchase or subscribe for any securities pursuant to such offer should be made solely on the basis of suchprospectus, offering circular or other documentation and not this presentation. This presentation does not constitute a recommendation regarding any securitiesof FGA Capital.
The information in this presentation is confidential and this document is being made available to selected recipients only and solely for the information of suchrecipients. This document may not be reproduced, redistributed or passed on to any other persons, in whole or in part. This presentation is not intended fordistribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.
The information set out in this presentation may be subject to updating, revision, verification and amendment and such information may change materially. FGACapital is under no obligation to update or keep current the information contained in this document and any opinion expressed herein is subject to change withoutnotice. None of FGA Capital S.p.A. nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any losswhatsoever arising from any use of this document or its contents, or otherwise arising in connection with this presentation.
This presentation and the information contained herein are not an offer of securities for sale in the United States and are not for publication or distribution topersons in the United States (within the meaning of Regulation S under the United States Securities Act of 1933, as amended (the Securities Act)).
This presentation is being communicated in the United Kingdom only to persons who have professional experience in matters relating to investments falling withinArticle 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order) and to persons to whom it may otherwise be lawful tocommunicate it to (all such persons being referred to as relevant persons). This presentation is only directed at relevant persons and any investment or investmentactivity to which the presentation relates is only available to relevant persons or will be engaged in only with relevant persons. Other persons should not rely or actupon this presentation or any of its contents.
This document is for distribution in Italy only to "qualified investors" (investitori qualificati), as defined pursuant to Article 100, paragraph 1(a), of Legislative Decreeno. 58 of 24 February 1998, as amended and restated from time to time (the Financial Services Act), and as defined in Article 34-ter, paragraph 1(b) of CONSOBRegulation no. 11971 of 14 May 1999, as amended and restated from time to time (the CONSOB Regulation), or in other circumstances provided under Article 100of the Financial Services Act and Article 34-ter, CONSOB Regulation, where exemptions from the requirement to publish a prospectus pursuant to Article 94 of theFinancial Services Act are provided.
These materials may contain projections and forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and otherfactors which may cause FGA Capital's actual results, performance or achievements to be materially different from any future results, performance orachievements expressed or implied by such forward-looking statements. Any such forward-looking statements will be based on numerous assumptions regardingFGA Capital's present and future business strategies and the environment in which FGA Capital will operate in the future. Further, any forward-looking statementswill be based upon assumptions of future events which may not prove to be accurate. Any such forward-looking statements in these materials will speak only as atthe date of these materials and FGA Capital assumes no obligation to update or provide any additional information in relation to such forward-looking statements.
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Disclaimer
H1 2013
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100% 100%
50% 50%
Fiat Group Automobiles SpA
FGA Capital: A JV between CA and FGA
� Key Elements of the Partnership
� 50 / 50 Joint Venture between FGA, a top tier car manufacturer, and CACF, a leader in the consumer
credit industry
� Long-Term Partnership initially signed in Dec. 2006, with a minimum duration of 8 years. In July 2013
the term of the agreement was extended until Dec. 2021, with the possibility of further renewals
� A unique business model, combining commercial effectiveness of an industrial partner, with risk
discipline and financial strength of a banking partner
H1 2013
� FGA Capital SpA (“FGAC”) is one of the largest specialized car finance and lease companies
operating in Europe, diversified across products, geographies and brands
� FGAC provides retail, wholesale and rental financial services in Europe to the brands of:
� Fiat Group Automobiles: Fiat, Alfa Romeo, Lancia, Fiat Professional, Abarth
� Chrysler Group: Chrysler and Jeep
� Jaguar and Land Rover
� FGAC is regulated by the Bank of Italy. Its subsidiaries in Germany, Poland, Austria, France,
Spain, Portugal and Ireland are subject to national authority supervision
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FGA Capital Highlights
� BB+ Negative Long-term / B Short-term by STANDARD&POOR’S
� Baa3 Negative Long-term by MOODY’S
� BBB- Stable Long-term / F3 Short-term by FITCH
RATINGS
H1 2013
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TODAY
Fiat Group Automobiles SpA
1920
Founded in Italy
in early ‘20s German Bank established
in late ‘20s
FIDIS SpA listed on the
Italian Stock Exchange until
1996
Expansion in the UK,
Spain, Poland, Greece in
the ‘90s
2006
JV between FGA & CACF under the name of
Fiat Auto Financial Services 2009
Chrysler Group
agreement
2008
Jaguar/Land Rover agreement
2007
Maserati agreement
(DE/CH)
FGA Capital Group - History
H1 2013
� Net Banking Income in line with previous years, in a context of industry contraction
� Cost of risk well performing in all business lines
� Strong liquidity position enhanced by further diversification on secured and unsecured
capital markets
� Cost of funding well under control in a challenging market environment
� Group Core Tier 1 increasing to 10,9%
6
FGA Capital Group – HY 2013 Highlights
H1 2013
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� Private customers
� Channel: Dealerships
� Outstanding (avg): 9.4 €/Bn
Multi-Business
Multi-Brand
� 3 Business lines
� 2 Dealer Networks
� 10 Brands
� 26 Legal Entities
� 1.919 Employees
� OEM Dealer Networks
� Outstanding (avg.): 3.8 €/Bn.
� Corporate customers
� Channel: Dealerships/Direct
� Outstanding (avg.): 1.3 €/Bn
Dealer Financing
Retail Financing
Rental
Figures as at 30/06/2013
FGA Capital Group – Business overview
H1 2013
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(€ and %)
Average Managed Outstanding
Net Banking Income /
Average Managed Outstanding
2008 2009 2010
Return on Assets
Net Profit
2011
15,5 Bn
3,46%
15,5 Bn
3,71%
16,4 Bn
3,65%
1,22% 1,18% 1,30%
15,8 Bn
3,85%
1,45%
137 M 105 M 147 M 153 M
2012
14,9 Bn
4,08%
1,73%
167 M
H1 2013
14,5 Bn
4,02%
1,70%
85 M
CORE TIER 1 8,2% 8,0% 8,8% 9,2% 10,6% 10,9%
2007
14,6 Bn
3,53%
1,30%
119 M
7,2%
Performance Indicators
H1 2013
Average Outstanding Overview
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Per Year & Brand (€/Bn & %)
By Country (%)
19%
81%
14.615.5 15.1 15.1
13.912.6
11.7
0.41.3
1.9
2.32.8
2007 2008 2009 2010 2011 2012 H1 2013
JLR FGA
Italy; 40%
Germany; 19%
UK; 18%
France; 8%
Spain; 4%
Others; 11%
Figures as of H1 2013
H1 2013
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Net Banking Income (€/M)
Cost / Income Ratio (%)Net Operating Expenses (€/M)
� Net Banking Income in line with
previous years, leveraging on:
� Higher margins on newer
originations
� Increasing insurance products
profitability and penetration
Key Financial Indicators
517 536576 596 608
291
609
2007 2008 2009 2010 2011 2012 H1 2013
46,4%
43,0% 42,9%40,1%
38,8% 38,6% 39,6%
2007 2008 2009 2010 2011 2012 H1 2013
240 230 247 239 236 234
115
2007 2008 2009 2010 2011 2012 H1 2013
H1 2013
11
Cost of Risk (€/M) Cost of Risk ratio over Average Outstanding
Doubtful Outstanding & Total Provisions
(€/M) - Ratio (%)
282
356
432
308 297
338 322
440415424
374
302
255
428
2,00%1,78%
2,31% 2,62% 2,66% 2,59%2,05%
0
50
100
150
200
250
300
350
400
450
500
2007 2008 2009 2010 2011 2012 H1 2013
Doubtful (>90days) Provision Funds Doubtful / Outstanding
7,08,9 9,6 9,8
10,7 10,9
0,75%0,93% 0,89% 0,91%
0,78% 0,72%
2008 2009 2010 2011 2012 H1 2013
Unemployment rate Eurostat EU 27
Cost of Risk / AVG Outstanding
Credit Risk Performance
116
53
144
87
117
145 145
0
20
40
60
80
100
120
140
160
2007 2008 2009 2010 2011 2012 H1 2013
� Cost of Risk performance improving
notwithstanding difficult market
conditions
� Reduction of doubtful receivables
over total outstanding
H1 2013
Key Financial Indicators
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Pre-Tax Income (€/M) & ROA (%)
Net Income (€/M)
� Pre-tax Income positively impacted by:
� Cost of risk well under control,
notwithstanding economic
environment
� Continued efficiency efforts on Net
Operating Expenses
� FGAC achievements:
� Profitable portfolio
� Healthy margins
� Credit risk control
� Operating efficiency
190 189 184213
257
123
229
2007 2008 2009 2010 2011 2012 H1 2013
119 137105
147167
85
153
2007 2008 2009 2010 2011 2012 H1 2013
H1 2013
1,27 1,33 1,42 1,49
8,8% 9,2%10,6% 10,9%
2010 2011 2012 H1 2013
Capital Ratio
Core Tier 1
Equity (€/Bn)
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Capitalization
� High quality of capital (common equity only)
� FGAC subsidiaries not needing additional capital
� FGAC regulated legal entities well above Basel II Minimum Capital Requirement "MCR“
H1 2013
Historical Funding Sources Evolution
5.26.4
8.4 8.07.1
5.2 5.6
0.5
0.5
0.5
1.51.5
4.3
3.5
3.0 3.53.8
3.3
3.7
4.8 3.9
3.5 3.2 3.1
3.02.6
0
2
4
6
8
10
12
14
16
2007 2008 2009 2010 2011 2012 H1 2013
TP BANKS
SECURITIZATIONS
EMTN
CA GROUP
(€/M)
14
H1 2013
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JV Agreement ExtensionParis / Turin, 30th July 2013
Extension of the FGA Capital auto financing partnership between Fiat Group Automobiles and Crédit Agricole
Fiat Group Automobiles ("FGA"), Crédit Agricole ("CASA") and Crédit Agricole Consumer Finance (CACF) have reached an
agreement for the extension of their 50/50 Joint Venture in FGA Capital ("FGAC") up to 31 December 2021.
CACF and FGA have agreed to extend the term of their alliance in respect of FGAC to ensure the long term sustainability of
FGAC, the captive finance company that handles FGA's main financing activities in retail auto financing, dealership
financing, long-term car rental and in fleet management. This activity is geographically well diversified among the main
European countries.
FGAC will continue to benefit from the financial support of the Crédit Agricole Group while continuing to strengthen its
position as an active player in the securitisation and debt markets.
H1 2013
� Marco Casalino Treasurer +39 011 00 33370 [email protected]
� Riccardo Mesturino Head of Capital Markets +39 011 00 34910 [email protected]
� Wiebke Wortmann Investor Relations +39 011 00 30415 [email protected]
� Ticker: 2865431ZIM
� www.fgacapital.com
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FGA Capital SpA
Bloomberg
Website
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