Investor Presentaiton
Increasing Scale, Improving Focus1
Gaining scale in key markets to drive earnings growth, improve earnings quality and reduce risk
Gaining Market Share (Total Loans)
Canada
2013
2018
0
2
4
6
8
10 12
14 16 18 20
Increasing Scale with Strategic Acquisitions (2017-2019)
MD
Canada
Chile
MD Financial
Management
JARISLOWSKY
FRASER
GLOBAL INVESTMENT
MANAGEMENT
BBVA
Increases wealth management assets to $230B.
Adds 110,000 potential primary customers.
Doubles market share. Creates 3rd largest bank.
Mexico
Chile
Peru
Colombia
Peru
banco
cencosud
Colombia Citibank
Dominican
Republic
Creates #2 bank in credit cards.
Creates market leader in credit cards.
Doubles customer base. Creates 4th largest bank.
PROGRESO...
Improving Earnings Quality
$
Increased wealth AUM by 37% to $282B in 2018.
Targeting earnings contribution to All-Bank earnings
from
12% to 15%
Reducing Risk Profile
57
countries
37
countries
2013
2019
Between 2013 and 2019, exited
20 countries with either low
returns, small scale or higher
operational risk:
Turkey Russia • Haiti ⚫ Egypt
Taiwan UAE ⚫ plus 13 others
•
•
Exited 3 non-core businesses
• Reduced wholesale funding (% of assets) from 29.6% to 23.9%
• Reduced asset exposure in Asia by 21%
15-year period 2013-2018
INCREASING SCALE, IMPROVING FOCUS
9
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