HCFB 1H 2018 financial results 28 August 2018 1
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Financial highlights – consolidated Statement of Profit or Loss, RUB bn 6M18 6M17 Change, % Summary of 1H 2018 performance: Net interest income 17,1 14,6 17,0% • Credit risk remained at a low level with Net fee and commission income 3,7 4,8 -22,1% the share of non-performing loans (NPL) Operating income 20,9 19,4 7,8% to gross portfolio arriving at 3,9%; Net income 6,5 7,2 -8,9% • New business volumes increased 29,2%, NIM 12,7% 13,9% -0,9 p.p. loan book grew 7,2% during the reporting ROE 23,7% 31,2% -7,4 p.p. period; Cost / Income 50,1% 46,5% 3,6 p.p. • HCFB remains well-capitalized with a Cost of risk 2,1% 1,6% 0,5 p.p. Statement of Financial Position, RUB bn 6M18 2017 Change, % statutory standalone N1.0 ratio of 13,4% as at 30 June 2018; Total assets 300,9 296,2 1,6% Cash and cash eqv 29,1 23,0 26,4% • Net profit amounted to RUB 6,5 bn in the Loans to customers (net) 223,2 208,2 7,2% first half of 2018. The bank made higher Deposits and current accounts 209,8 192,9 8,8% investments in business digitalization and advertising in Russia; Total equity 56,7 52,9 7,2% NPL / Gross loans 3,9% 3,7% 0,2 p.p. • In June 2018 rating agency Expert RA Deposits to liabilities ratio 85,9% 79,3% 6,6 p.p. upgraded HCFB to ruA-. Loan to deposit ratio 106,3% 107,9% 1,6 p.p. Source: HCFB IFRS financials 3
Business highlights – Russia (1) Net profit, RUB bn Loan book (net), RUB bn Source: HCFB IFRS financials Source: HCFB IFRS financials Key business developments: Gross portfolio, RUB bn HCFB's share HCFB's # • HCFB was the first company in the market which issued a Total unsecured loans 6 527 2,9% 5 consumer loan using fully remote customer identification; • Increased volume of cards transactions both in debit and POS loans 238 24,2% 1 credit products; Cash loans 4 940 2,4% 7 • All main contactless payment systems for mobile devices (Apple Pay, Samsung Pay and Google Pay) became available; Credit cards 1 349 1,2% 11 • The loyalty program "Polza" won the "Loyalty Awards Russia Deposits&CA 26 933 0,7% 17 2018" award in two nominations: "Best loyalty program in Source: Frank Research Group as of 6M 2018 cards" and "Most effective use of analytics". Note: Henceforth all data includes information about operations in Russia only 4
Business highlights – Russia (2) Share of full distance cash loans volumes POS online business volumes, RUB mn Share of active customers using online services Debit cards transactions volumes, RUB bn Source: Management data 5
POS and cash loans market – Russia POS loans – gross portfolios Cash loans – gross portfolios Source: Frank Research Group as of 6M 2018 6
Operating income structure – Russia Interest income, RUB bn Interest expense, RUB bn Net interest income, RUB bn & NIM, % Operating income, RUB bn Source: HCFB IFRS financials 7
Operating efficiency & loan portfolio quality – Russia Operating expenses, RUB bn Impairment allowance, RUB bn Cost-to-income & OPEX/average net loans Cost of risk & NPL dynamics Source: HCFB IFRS financials 8
Asset structure & product mix - Russia Asset structure, RUB bn Retail loan book, RUB bn Retail loan book breakdown 1H 2018 Source: HCFB IFRS financials 9
Retail deposits & current accounts – Russia Debit cards balance, RUB bn Retail term deposits, RUB bn Deposits to liability ratio & loan to deposit ratio • Retail deposits and current accounts have emerged as a stable source of RUB funding accounting for 91% of total liabilities; • Granular deposit base: more than 90% of funds is covered by state-owned Deposit Insurance Agency; • Focus on debit card products resulted in balance growth. 10 Source: HCFB IFRS financials and management data
Liquidity, funding & capital position – Russia Liabilities structure Strong liquidity profile as at 30 June 2018 HCFB has maintained stable capital adequacy levels Source: HCFB IFRS and RAS financials 11
Investor Relations Contact Details http://www.homecredit.net/investors.aspx ir@homecredit.ru Bulat Zogdoev Head of Investor Relations +7 495 721 10 34 12
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