Bladex Corporate Presentation Results as of March 31, 2014 April 23, 2014 Foreign Trade Bank of Latin America
“This presentation contains forward-looking statements. These statements are made under the “safe harbor” provisions established by the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. The forward- looking statements in this presentation reflect the expectations of the Bank’s management and are based on currently available data; however, actual experience with respect to these factors is subject to future events and uncertainties, which could materially impact the Bank’s expectations. A number of factors could cause actual performance and results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the anticipated growth of the Bank’s credit portfolio, including its trade finance portfolio; the continuation of the Bank’s preferred creditor status; the impact of increasing interest rates and of improving macroeconomic environment in the Region on the Bank’s financial condition; the execution of the Bank’s strategies and initiatives, including its revenue diversification strategy; the adequacy of the Bank’s allowance for credit losses; the need for additional provisions for credit losses; the volatility of the Bank’s Treasury trading revenues; the Bank’s ability to achieve future growth and increase its number of clients, the Bank’s ability to reduce its liquidity levels and increase its leverage; the Bank’s ability to maintain its investment-grade credit ratings; the availability and mix of future sources of funding for the Bank’s lending operations; potential trading losses; existing and future governmental banking and tax regulations; the possibility of fraud; and the adequacy of the Bank’s sources of liquidity to replace large deposit withdrawals. ” Foreign Trade Bank of Latin America 2
Table of Contents Page Who We A re: The Latin America Trade Finance Bank………………………………………………………………………...4 What We D o: Business Model………………………………….…………………………………………….…………………..………….11 How We Manage Our P ortfolio……………………………….……………………………………………………………………..……...14 Liquidity Management & Funding………………………………………………………………………………………………….……..20 Our Financial Performance …………………….……………………………………………………………………………………………...24 Foreign Trade Bank of Latin America 3
Who We Are: BLADEX - The Latin America Trade Finance Bank Foreign Trade Bank of Latin America
Who We Are: Well-recognized Franchise with solid track record Timeli eline ne Mission: on: To provide Incorporated First Latin American bank Client diversification into Expansion of seamless support to Latin (1975) listed on the NYSE (1992) corporations and middle- complementary products America’s foreign trade, market companies and services (L/C Began First Latin American bank Issuance, Factoring, while creating value for our operations rated “Investment Grade” Introduction of Syndications, shareholders (1979) (1992) complementary products and Intermediation) services (Leasing, Vendor Finance) Vision: : to be the premier provider of integrated 1980’s 1990’s 2000’s 2010’s financial solutions across Latin America’s foreign trade value chain Current ent Credit t Ratings gs Moody’s Fitch tch S&P &P Sharehold eholders ers: central banks and state entities in Date of Rating Dec. 2007 Jul. 2012 May 2008 23 countries in Latin Date of Confirmation May. 2013 Jul. 2013 Jul. 2013 America, as well as local, regional, and international Short Term P-2 F2 A-2 banks, along with Long Term Baa2 BBB+ BBB institutional investors, and registered private investors Perspective Stable Stable Stable through the NYSE listing 5 Foreign Trade Bank of Latin America 5
Who We Are: a Well-Managed Institution Stro rong ng & Uniqu que Shar arehold eholder er Struct ructure re An Instit titut ution on Adher ering ng to World ld-Cla lass Sta tanda ndards rds (*) High corporate governance standards Multiple regulators: FED, SEC, NYSDFS, Superintendence of Panama, and other entities Investment grade & listed on NYSE since 1992 Enterprise Risk Management & externally certified Internal Audit function Internal alignment of corporate culture, measurement system and process management to optimize Total Shareholder Return (*) Out of the 10 Directors, nine Class “A” Central Banks or designees * are completely Class “B” Commercial Banks independent.; one director Class “E” Investors through NYSE listing represents the Bank’s * Class A shareholders have certain super- management (CEO). majority voting rights related to changes to Bladex’s Articles of Incorporation. Bladex ´ s supra-national DNA is embedded in its ownership structure, management and culture Bladex considers its shareholding structure as one of its main competitive advantages: Class “A” shareholders have provided substantial support to Bladex - most governments have granted preferred creditor status to Bladex. Class “A” shareholders are the main source of deposits, a very reliable funding source. Class “A” shareholders represent a direct link between 6 Foreign Trade Bank of Latin America the Bank and the governments of Latin America 6
Who We Are: Unique & Differentiating Strengths A Truly ly Pan-Regi Region onal l Latin tin Americ erican Bank nk Backed by 23 Latin American governments – intimate knowledge of local markets and jurisdictions Access to clients & governments across the entire Region Local presence in 7 countries and 10 economic hubs in the Region enhance expertise in most industry sectors A vast network of correspondent banks inside the Region, and in other regions of the world Proven en expert ertise e in foreign gn tra rade de and d cross oss-border border Focus us on value lue-added dded fina nanc nce Clients ts Significant provider of funding and structuring solutions in support of Latin American foreign trade & deep knowledge of the Region Steadily growing business franchise reaching more clients with diversified products & services Successful track record spanning 30+ years Shar areholde olders Regional integrator linking the world’s largest markets with Latin America Bladex offers investors risk-diversified access to a continent with compelling growth prospects Experienced Management Team and highly specialized staff Dividend payment policy based on sustainable earnings growth Contributing to growth and prosperity in Latin America for more than 30 years … accumulated disbursements total approximately $209 Stock price appreciation of 12% from a year ago billion as of March 31, 2014 7 Foreign Trade Bank of Latin America Conservative value at 1.15 Book Value, 11x P/E 7
Who We Are: Bladex Business Proposition Strat ategic c Cross-bo border Supply ly Chain n Focus us on Trade and Flows ws Latin- Capital al America ca & Flows ws Cross-bo bord rder r Flows ws Intra-regional al Inter-regiona nal l Flows ws Flows ws Business Strategy Business Model integrates combines on on-bo book ok multiple revenue streams – exposur ures & off-bo book asset-bas ased and fee-bas based product ucts and services Support business activities along the Foreign Trade value chains - finan ancial al and physical cal supply ly chains ns Well-posit ositioned oned to benefi efit from om Latin tin America’s Growth & Econo onomic mic Integra tegration on 8 Foreign Trade Bank of Latin America 8
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