HCFB 9M 2017 financial results 27 November 2017 1
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Financial highlights – consolidated Statement of Profit or Loss, RUB bn 9M17 9M16 Change, % Summary of 9M 2017 performance: Net interest income 22,4 21,3 5,4% • Growing profitability – net income Net fee and commission income 7,4 8,2 -10,6% achieved RUB 11,0 bn; Operating income 29,9 28,9 3,3% Net income 11,0 4,6 139,9% • Improved risk metrics – NPLs (90d+) NIM 13,7% 13,9% -0,2 p.p. dropped to 4,2%; ROE 31,2% 15,3% 15,8 p.p. Cost / Income 47,0% 46,7% 0,3 p.p. • Business volumes increased 27,4% and Cost of risk 1,9% 7,7% -5,8 p.p. resulted in 10,6% growth of the net loan Statement of Financial Position, RUB bn 9M17 2016 Change, % book; Total assets 274,1 237,6 15,4% • Strong capital position – statutory N1.0 Cash and cash eqv 41,8 23,1 81,0% ratio amounted to 14,7%; Loans to customers (net) 189,0 170,9 10,6% Deposits and current accounts 181,8 155,7 16,8% • Sufficient liquidity buffer – liquid assets Total equity 50,1 43,8 14,5% comprised 28,7% of the total assets as at NPL 90+ / Gross loans 4,2% 6,0% -1,8 p.p. 30 September 2017; Deposits to liabilities ratio 81,2% 80,3% 0,9 p.p. • Fitch upgraded HCFB to BB-, Stable. Total CAR 25,7% 27,1% -1,4 p.p. Source: HCFB consolidated IFRS financials 3
Business highlights – Russia (1) Net profit, RUB bn Loan book (net), RUB bn Key business developments: Gross portfolio, RUB bn HCFB's share HCFB's # • HCFB rebranding ads campaign “The Bank of New Total unsecured loans 5 888 2,8% 7 Opportunities” won the creative strategy award at the IPRA GWA Eventiada Awards; POS loans 221 23,5% 1 • Successful launch of shopping card – installment card for Cash loans 4 383 2,2% 8 purchases at any store both in Russia and worldwide; Credit cards 1 284 1,3% 13 • Further development of marketplace – first online platform on the Russian market for buying goods in installments; Deposits&CA 24 762 0,7% 18 • Increased share of online component: about 1,5 million Note: Henceforth all data includes information about operations in Russia only customers regularly use our online services. 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 5
Operating income structure – Russia Interest income, RUB bn Interest expense, RUB bn -7,9% -18,0% Net interest income, RUB bn & NIM, % Operating income, RUB bn 6
Operating efficiency & loan portfolio quality Operating expenses, RUB bn Impairment allowance, RUB bn Cost-to-income & OPEX/average net loans Cost of risk & NPL dynamics 7
Asset structure & product mix Asset structure, RUB bn Retail loan book, RUB bn Retail loan book breakdown 9M17 8
Retail deposits & current accounts 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 83% of total liabilities; Granular deposit base: more than 90% of funds is covered • by state-owned Deposit Insurance Agency; HCFB achieved stable debit cards balance. • 9
Liquidity, funding & capital position Higher reliance on deposits lead to lower refinancing risks Strong liquidity profile 9M17 HCFB has maintained stable capital adequacy levels 10
Investor Relations Contact Details http://www.homecredit.net/investors.aspx ir@homecredit.ru Bulat Zogdoev Head of Investor Relations +7 495 721 10 34 11
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