1 Results as at 30 June 2009 4 August 2009
Disclaimer Figures included in this presentation are unaudited. This presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events, operations, products and services, and statements regarding future performance and synergies. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions about BNP Paribas and its subsidiaries and investments, developments of BNP Paribas and its subsidiaries, banking industry trends, future capital expenditures and acquisitions, changes in economic conditions globally or in BNP Paribas’ principal local markets, the competitive market and regulatory factors. Those events are uncertain; their outcome may differ from current expectations which may in turn significantly affect expected results. Actual results may differ materially from those projected or implied in these forward-looking statements. Any forward-looking statement contained in this presentation speaks as of the date of this presentation: BNP Paribas undertakes no obligation to publicly revise or update any forward-looking statements in light of new information or future events. The information contained in this presentation as it relates to parties other than BNP Paribas or derived from external sources has not been independently verified and 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 BNP Paribas or its representatives shall have any liability whatsoever in negligence or otherwise for any loss however arising from any use of this presentation or its contents or otherwise arising in connection with this presentation or any other information or material discussed. Results as at 30.06.2009 | 2
3 BNP Paribas Fortis Contribution Summary by Division Group Summary Detailed Results Conclusion
Key messages Net income Net income Strong profit generation capacity confirmed Strong profit generation capacity confirmed €1.6bn €1.6bn � Very good operating performance � High cost of risk, in line with 1Q09 � Fortis: integration proceeding well and significant first contribution Group’s new dimension Group’s new dimension Tier 1 Ratio Tier 1 Ratio 9.3% with solvency further strengthened 9.3% with solvency further strengthened Results as at 30.06.2009 | 4
Group consolidated 2Q09 2Q09/2Q08 2Q09/1Q09 � Revenues €9,993mn +32.9% +5.4% � Operating expenses -€5,818mn +19.9% +8.8% � Gross operating income €4,175mn +56.7% +1.1% � Cost of risk -€2,345mn vs -€662mn vs -€1,826mn � Operating income €1,830mn -8.6% -20.5% � Non operating income €340mn ns ns � Pre-tax income €2,170mn +4.6% -5.2% � Net income group share €1,604mn +6.6% +3.0% Substantial profit generation capacity Results as at 30.06.2009 | 5
BNP Paribas Fortis and Corporate Centre � First contribution of Fortis Bank (now BNP Paribas Fortis) to the net income group share: €261mn � One-off items booked in the Corporate Centre � Badwill from the acquisition of BNP Paribas Fortis: +€815mn* � Goodwill impairments: -€524mn (of which -€257mn for Personal Finance, -€123mn for UkrSibbank, -€105mn for Arval) � Write-down on shares: -€440mn, of which -€282mn on Shinhan � Own debt revaluation: -€237mn Results as at 30.06.2009 | 6 *Under the accounting standards, companies have one year from the date of the acquisition to determine the final amount of goodwill. This amount may therefore be adjusted over the following quarters in order to take into account any further analyses that may be performed
Operating Divisions (excluding BNP Paribas Fortis) 2Q09 2Q09/2Q08 2Q09/1Q09 � Revenues €9,044mn +20.1% -2 .9% � Operating expenses -€4,983mn +5.5% -4 .6% � Gross operating income €4,061mn +44.7% -0.7% � Cost of risk -€2,039mn vs -€664mn vs -€ 1,819mn � Operating income €2,022mn -5.6% -10.9% � Pre-tax income €2,045mn -6.6% -10.0% Very significant positive jaws effect that helps offset most of the rise in the cost of risk Results as at 30.06.2009 | 7
Revenues (excluding BNP Paribas Fortis) Revenues +4.8% 4,561 4,352 +81.0% 3,351 2Q09 -13.5% 1,852 2Q08 1,396 1,207 in €mn CIB Retail Banking* Investment Solutions � Retail Banking: good sales and marketing drive in a worse economic environment � Investment Solutions: impact of falling equity markets limited by the good level of net asset inflows � CIB: still a very strong client-driven business on markets this quarter Good sales and marketing drive, strengthened franchise’s attractivity Results as at 30.06.2009 | 8 *Including 100% of Private Banking and excluding the PEL/CEL effects in France and including 100% of Private Banking in Italy
Costs (excluding BNP Paribas Fortis) � Retail Banking*: improved 2Q09/2Q08 operating efficiency Operating Jaws Revenues expenses effect Retail Banking* +4.8% +2.3pt +2.5% Of which FRB -0.5% � +1.1% +1.6pt +0.2% Of which BNL bc +5.3% +5.1pt � -0.4% Of which Personal Finance +12.6% +13.0pt � � � CIB Investment Solutions Record cost/income ratio at 43.8% � Operating expenses: -2.5%/2Q08 � Maintain a medium-term target of 60% � � Group: operating expenses at constant scope and exchange rates and excluding variable compensations: -0.2%/1H08 Effects of cost-cutting programmes implemented in all business lines � Objective to stabilise costs** in 2009/2008 confirmed Results as at 30.06.2009 | 9 *Incl. 100% of French and Italian Private Banking and excluding the PEL/CEL effects **At constant scope and exchange rates and excl. variable compensations
Cost of Risk Trend (Excluding BNP Paribas Fortis) Cost of risk Cost of risk/Risk-weighted assets under Basel I (in annualised bp) Group o/w Contribution of o/w Contribution of Capital Markets and IS Credit Portfolio 180 145 128 144 122 109 104 105 81 76 64 46 51 50 49 36 30 23 19 19 18 3 2002 2003 2004 2005 2006 2007 2008 2Q08 3Q08 4Q08 1Q09 2Q09 8 8 8 9 9 8 8 8 9 9 0 0 0 0 0 0 0 0 0 0 Q Q Q Q Q Q Q Q Q Q 2 3 4 1 2 2 3 4 1 2 � Sharp rise/2Q08: +€1,388mn � Limited rise/1Q09: +€224mn Primarily associated with the credit portfolio � � Confirmed moderation of the cost of risk associated with financial businesses Cost of risk high since 3Q08 Results as at 30.06.2009 | 10
Cost of Risk Trend by Business Unit (1/2) Cost of risk Cost of risk/Risk-weighted assets under Basel I (in bp annualised ) French Retail Banking BNL bc Personal Finance 313 288 266 236 102 97 204 79 51 74 38 35 48 16 15 2Q08 3Q08 4Q08 1Q09 2Q09 2Q08 3Q08 4Q08 1Q09 2Q09 2Q08 3Q08 4Q08 1Q09 2Q09 � Cost of risk: €130mn � Cost of risk: €144mn � Cost of risk: €461mn +€93mn/very low base +€78mn/very low base +€187mn/2Q08 � � � in 2Q08 in 2Q08 +€40mn/1Q09 � +€41mn/1Q09 +€37mn/1Q09 � � � Rise in particular in the � Rise in particular in the � Impact of economic corporate and corporate and slowdown and rising entrepreneur segments entrepreneur segments unemployment Results as at 30.06.2009 | 11
Cost of Risk Trend by Business Unit (2/2) Cost of risk Cost of risk/Risk-weighted assets under Basel I (in annualised bp) Emerging Markets BancWest CIB–Financing businesses Retail Banking 400 285 286 277 293 243 121 117 138 132 61 33 12 69 39 2Q08 3Q08 4Q08 1Q09 2Q09 2Q08 3Q08 4Q08 1Q09 2Q09 2Q08 3Q08 4Q08 1Q09 2Q09 � � Cost of risk: €447mn � Cost of risk: €300mn Cost of risk: €195mn � +€173mn/very low base � +€176mn/2Q08 � +€404mn/2Q08 in 2Q08 � +€20mn/1Q09 � +€27mn/1Q09 � +€33mn/1Q09 � Stabilisation of the specific risk Of which €103mn in the Gulf � � Concentrated on 2 zones on the credit portfolio/1Q09 � Of which €109mn on LBOs Ukraine: €118mn � � Additional impairment charges � Impact of the sharp slowdown of on the investment portfolio the global economy Gulf: €60mn � � No significant deterioration elsewhere Results as at 30.06.2009 | 12
Pre-Tax Income (excluding BNP Paribas Fortis) Retail Banking* Investment Solutions CIB 1,229 1,129 1,145 1,000 746 595 536 536 523 319 302 210 134 38 in €mn 2Q08 3Q08 4Q08 1Q09 2Q09 2Q08 3Q08 4Q08 1Q09 2Q09 2Q08 3Q08 4Q08 1Q09 2Q09 -2,068 Held up well in all businesses Results as at 30.06.2009 | 13 *Including 2/3 of French Private Banking, excluding the PEL/CEL effects and 2/3 of Italian Private Banking
14 BNP Paribas Fortis Contribution Summary by Division Detailed Results Group Summary Conclusion
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