Investor Presentaiton
3Q15 P&L
BGEO | P&L results highlights
BGEO Group Consolidated
Change
Banking Business
Investment Business
Income Statement
3Q15
3Q14
y-o-y
2Q15
Change
q-o-q
Change
Change
Change
Change
3Q15
3Q14
y-o-y
2Q15
q-o-q
3Q15
3Q14
y-o-y 2Q15
q-o-q
Net banking interest income
126,178
88,377
42.8%
122,789
2.8%
Net fee and commission income
30,791
27,371
12.5%
29,121
5.7%
129.249 89,977
31,061 27,798
43.6% 126,403
2.3%
11.7%
30,172
2.9%
Net banking foreign currency gain
18,675
13,431
39.0%
19,765
-5.5%
18,675
13,431
39.0%
19,765
-5.5%
Net other banking income
4,938
1,291
NMF
2,481
99.0%
5,231
1,324
295.1%
2,810
86.2%
Gross insurance profit
9,783
9,684
1.0%
5,817
68.2%
5,829
3,757
55.2%
3,473
67.8%
Gross healthcare profit
22,118
14,237
55.4%
18,099
22.2%
Gross real estate profit
751
1,254
-40.1%
(41)
Gross other investment profit
3,373
3,577
-5.7%
4,734
NMF
-28.7%
751
4,498
22,118 14.237
1,254
6,389
-29.6% 2,799
55.4% 18,099
-40.1%
60.7%
22.2%
(41)
NMF
3,229
3,580
-9.8%
4,709
-31.4%
Revenue
216,607
159,222
36.0%
202,765
6.8%
190,045 136,287
39.4% 182,623
4.1%
30,596 25,460
20.2%
25,566
19.7%
Operating expenses
(77,562)
(65,563)
18.3%
(76,848)
0.9%
(66,167) (54,718)
20.9% (65,244)
1.4%
(12,244) (11,484)
6.6% (12,381)
-1.1%
Operating income before cost of credit risk / EBITDA
139,045
93,659
48.5%
125,917
10.4%
123,878 81,569
51.9% 117,379
5.5%
18,352
13,976
31.3%
13,185
39.2%
Profit from associates
1,444
1,979
-27.0%
1,444
1,979
-27.0%
Depreciation and amortization of investment business
(4,227)
(2,352)
79.7%
(2,579)
63.9%
(4,227) (2,352)
79.7%
(2,579)
63.9%
Net foreign currency gain (loss) from investment business
(2,311)
(281)
NMF
2,689
NMF
(2,311)
(281)
NMF
2,689
NMF
Interest income from investment business
Interest expense from investment business
Operating income before cost of credit risk
Cost of credit risk
Profit
Earning per share (basic).
9M15 P&L
499
(2,080)
252
(1,872)
98.0%
622
-19.8%
11.1%
(2,632)
132,370
89,406
48.1%
125,996
-21.0%
5.1%
719
(5,485)
406
77.1%
844
-14.8%
(3,912)
40.2%
(7,501)
-26.9%
8,492
7,837
8.4%
8,617
-1.5%
(35,647)
(15,305)
132.9%
(41,867)
-14.9%
80,905
2.04
62,308
1.74
29.8%
17.2%
72,030
1.84
12.3%
10.9%
(34,752) (14,863)
73,402 55,635
133.8% (40,764)
31.9% 61,453
-14.7%
(895)
(442)
102.5%
(1,103)
-18.9%
19.4%
7,503
6,673
12.4%
10,577
-29.1%
BGEO Group Consolidated
Banking Business
Investment Business
Change
Income Statement
9M15
9M14
y-o-y
9M15
9M14
Change
y-o-y
9M15
9M14
Change
y-o-y
Net banking interest income
369,956
251,825
46.9%
378,710
256,208
47.8%
Net fee and commission income
86,767
73,433
18.2%
89,324
75,090
19.0%
Net banking foreign currency gain
57,401
36,131
58.9%
57,401
36,131
58.9%
Net other banking income
9,209
4,397
109.4%
10,137
4,743
113.7%
Gross insurance profit
23,174
25,742
-10.0%
14,606
11,948
22.2%
9,990
15,116
Gross healthcare profit
57,094
37,175
53.6%
57,094
37,175
-33.9%
53.6%
Gross real estate profit
1,919
10.833
-82.3%
1,919
10,913
-82.4%
Gross other investment profit
9,506
9,439
0.7%
9,481
9,321
1.7%
Revenue
615,026
448,975
37.0%
Operating expenses
(230,470)
(187,766)
22.7%
Operating income before cost of credit risk / EBITDA
Profit from associates
384,556
261,209
47.2%
550,178
(196,687)
353,491
384,120
43.2%
78,484
72,525
8.2%
(158,493)
24.1%
(36,282)
(31,219)
16.2%
225,627
56.7%
42,202
41,306
2.2%
2,112
2,112
Depreciation and amortization of investment business
(9,494)
(6,837)
38.9%
(9,494)
(6,837)
38.9%
Net foreign currency gain (loss) from investment business
4,067
(2,130)
NMF
4,067
(2,130)
NMF
Interest income from investment business
1,738
984
76.6%
2,381
1,386
71.8%
Interest expense from investment business
Cost of credit risk
Profit
Earnings per share (basic)
(7,171)
(5,621)
27.6%
(18,951)
(11,747)
61.3%
(119,356)
215,274
5.51
(42,468)
174,289
181.0%
4.89
23.5%
12.7
(116,287)
193,666
(40,942)
155,528
184.0%
(3,069)
(1,526)
101.1%
24.5%
21,608
18,761
15.2%
Holding company of BANK OF GEORGIA
BGEO www.bgeo.com
GROUP
November 2015
*Note: Banking Business and Investment Business financials do not include interbusiness eliminations. Detailed financials, including
interbusiness eliminations are provided in annexes.
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