Investor Presentaiton
International Banking
International Banking is a strong and diverse franchise with over 11 million Retail, Corporate, and Commercial customers. The geographical
footprint encompasses the Pacific Alliance countries of Mexico, Chile, Peru, and Colombia, as well as Caribbean and Central America and
Uruguay.
BUSINESS MIX AS AT Q3/23
Asia
1%
Revenue
Mix
$2.8Bn
C&CA
21%
Auto
1%
Business
54%
•
Credit
Latin
America
78%
Cards
5%
Personal
Loans
10%
Average
Loans
$178Bn
Residential
Mortgages
30%
$MM
Reported
STRATEGIC FOCUS
Deepening relationships with the Affluent retail segment
Continue driving efficiencies and customer experience by
leveraging digital
FINANCIAL RESULTS ($ MM)
Constant dollar basis 1,4
Q3/23 Q3/22 Y/Y1 Q2/23 Q/Q¹
Net Income² $628 $685 (8%) $667 (6%)
REPORTED NET INCOME 1,2 ($MM) AND NIM 4,6 (%)
4.08%
3.95%
4.12%
4.10%
4.00%
Pre-Tax, Pre-Provision
Profit³
Revenue $2,846
Expenses $1,491
$1,355 $1,223
11%
$1,314 3%
$2,640
8%
$2,818 1%
$1,417
5%
$1,504
(1%)
PCLS
$516
$356
45%
$446
16%
685
703
718
667
628
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
Productivity Ratio4
Net Interest Margin
PCL Ratio4
PCL Ratio Impaired
Loans4
52.4%
53.5%
(110 bps)
53.7%
(130 bps)
4.10%
3.95%
15 bps
4.12%
(2 bps)
118 bps
84 bps
34 bps
103 bps
15 bps
111 bps 68 bps
43 bps
94 bps
17 bps
MEDIUM-TERM FINANCIAL OBJECTIVES7
Adjusted 4
Net Income Growth 2,5
Productivity Ratio5
Operating Leverage5
9%+
<50%
Positive
Net Income²
Pre-Tax, Pre-Provision
Profit³
Expenses
Productivity Ratio
$635
$1,365
$1,481
52.0%
$693 (8%)
$1,233 11% $1,325
$675
(6%)
3%
$1,407 5% $1,493
53.2% (120 bps) 53.3%
(1%)
(130 bps)
1 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics and change in bps are on a reported basis; 2 Net income attributed to equity shareholders, on a constant dollar basis;
3 See non-GAAP reconciliations beginning on slide 83; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on
http://www.sedarplus.ca; 5 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the
measure. Such explanation is incorporated by reference hereto; 6 Net interest margin for Q3/22 has been restated to include as a deduction non-interest bearing deposits with banks, to align with the Bank's definition; 73-5 year
target from 2020 Investor Day
28View entire presentation