Cariparma 2014 Inaugural Covered Bond Market Issue November 2014 - PowerPoint PPT Presentation

Cariparma 2014 Inaugural Covered Bond Market Issue November 2014

Disclaimer This document has been prepared by Cassa di Risparmio di Parma e Piacenza S.p.A. (“Cariparma”) for discussion and information purposes only and is only intended to provide a general overview of the proposed transaction and should not be used for any other purpose. Failure to comply with this directive may result in a violation of the Securities Act of 1933, as amended (the “Securities Act”), or the applicable laws of other jurisdictions where it would be unlawful (the “Other Countries”). None of Cariparma or its affiliates, advisers, dealers or representatives takes any responsibility for these materials or any of its contents or in relation to any loss arising from its use or from any reliance placed upon it by any person. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of Cariparma or its affiliates, advisers, dealers or representatives, or any other person, shall have any liability whatsoever (in negligence or otherwise) for any loss arising from any use of this document or its contents or otherwise arising in connection with this document. The information, opinions, estimates and forecasts contained herein have not been independently verified and are subject to change without notice. They have been obtained from, or are based upon, sources we believe to be reliable but Cariparma makes no representation (either expressed or implied) or warranty on their completeness, timeliness or accuracy. Nothing contained in this document or expressed during the presentation constitutes financial, legal, tax or other advice, nor should any investment or any other decision be solely based on this document. This document is for preliminary informational purposes only, limited in nature, and is not an offer to sell or the solicitation of an offer to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. The information presented herein does not comprise a prospectus for the purposes of EU Directive 2003/71/EC (as amended by the EU Directive 2010/73). Without limiting the foregoing, this document does not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for, securities in the United States or Other Countries. The securities referred to herein have not been, and will not be, registered under the Securities Act or the laws of Other Countries and may not be offered or sold within the United States or Other Countries or to, or for the account or benefit of, U.S. persons (except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act) or Other Countries persons. Cariparma does not intend to register any portion of any offering in the United States or in Other Countries or to conduct a public offering of securities in the United States or Other Countries. All of the numerical data provided in this document is derived from Cariparma’s consolidated and corporate financial statements or from its registration document and annual report and financial review updates, unless otherwise indicated. This document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. By receiving this document you agree to be bound by the foregoing limitations. Forward-Looking Statements This communication may contain forward-looking information and statements about Cariparma Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “target” or similar expressions. Although Cariparma.’s management believes that the expectations reflected in such forwardlooking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Cariparma, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed or identified in the annual reports and other filings with the French Autorité des marchés financiers made or to be made by Cariparma. Cariparma undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise. 1

Contents 1 Executive Summary 2 Cariparma Crédit Agricole Group 3 Cariparma Crédit Agricole Group Financial Highlights 4 Italian Housing Market 5 Cariparma Crédit Agricole Group Residential Mortgage Business 6 Cariparma OBG Programme 7 Appendix 8 Contact list 2

1 Executive Summary (1/2) � Cariparma Crédit Agricole Group: 86.5% controlled by Crédit Agricole of which 76,5% Crédit Agricole S.A. 8 th largest retail banking group in Italy by number of branches, with 1.7 million customers � � Operating in the prosperous regions of Northern Italy Cariparma Crédit Cariparma Crédit � Group scope including Cariparma, FriulAdria, Carispezia, Crédit Agricole Leasing Italia Agricole Group Agricole Group Highlights Highlights � Total assets: €50.6bn, of which €37bn in loans outstanding at H1-14 � Net Income Group share: €70m at H1-14 � Long-term ratings of Baa2 and BBB assigned by Moody’s and S&P respectively, the highest bank ratings among Italian banks � Inaugural Covered Bond market issue under Cariparma Covered Bond Programme, created in July 2013 Transaction Transaction � Provisional rating of A2 assigned by Moody’s 3

1 Executive Summary (2/2) Cariparma is funded mostly by customers through deposits and bond issues with an average maturity of 3 to 4 years � The Italian covered bond market offers Cariparma � Access to longer maturities of 5 to 12 years Transaction rationale for Transaction rationale for Cariparma Cariparma � Diversification, with a broad market investor base � Currently, favorable market conditions � Accessing this market on a regular basis is a way of minimising and stabilising Cariparma’s cost of funding Transaction rationale for Transaction rationale for � This transaction is in line with Crédit Agricole S.A.’s strategy limiting cross-border Crédit Agricole S.A. Crédit Agricole S.A. funding flows 4

Contents 1 Executive Summary 2 Cariparma Crédit Agricole Group 3 Cariparma Crédit Agricole Group Financial Highlights 4 Italian Housing Market 5 Cariparma Crédit Agricole Group Residential Mortgage Business 6 Cariparma OBG Programme 7 Appendix 8 Contact list 5

Cariparma Crédit Agricole Group 2 Crédit Agricole Group: Customer-focused Universal Bank* An integrated banking model to originate and An integrated banking model to originate and provide a comprehensive range of financial provide a comprehensive range of financial Individual customers services to all our customers services to all our customers Farmers CIB 39 Regional Small businesses Banks Savings management & Insurance Local authorities Specialised Corporates services Institutional customers Poland 1. Aged 18 plus Crédit Agricole Group: a powerful Crédit Agricole Group: a powerful In the French market: Source: OPERBAC 2012 – CSA Leading bank in France with 21 million customers � Leader in all segments: 2. Overall penetration rate in 2013 and 7,000 branches nationwide (entities with 10 to 1,000 employees Regional Banks’ and LCL aggregate penetration rates: and over €1.5m of revenues) Leading financial partner of the French economy Source: "Les Entreprises et les • Individual customers: 36 % 1 Banques – 2013", TNS Sofres with €400bn of loans outstanding to customers • SMEs: 45 % 2 3. Penetration rate for personal or • Small businesses: 42 % 3 business banking in 2012 (entities sales force sales force with less than 10 employees, • Farmers: over 85 % 4 excluding agriculture) � Stable market shares since 2010: A bank with 6 million customers and 1,900 Source: "Pépites 2011-2012", CSA • Lending: 21 % 5 of which 17.1% for the Regional Banks 4. Penetration rate for business branches mainly in urban areas banking in 2012 Source: "Etude • Deposits: 25 % 5 of which 20.5% for the Regional Banks Installation des Agriculteurs, volet global", ADquation 2012. 5. Total Regional Banks and LCL, businesses and households, end- 2013 8 th largest retail bank in Italy by branch network Source: Banque de France, Surfi statements, Crédit Agricole S.A. � 1,400 branches in Italy and Poland size, leading foreign retail bank in the regions it serves, which are the most prosperous in Italy * Source: 20 March 2014 Medium Term Plan 6