italian leader with a european scale - intesa sanpaolo group · italian banking leader of european...
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Italian Leader with a European Scale
Updated as at 3 October 2019
2
The history of Intesa Sanpaolo
2007
2002
2001
2000
1998
Italian banking leader of European scale3
Figures as at 30 June 2019 (1) Bank of Italy criteria, figures as at 31 March 2019
◼ Leader in all segments with a market share of 18% in customer deposits and in customerloans
◼ Leadership in most attractive products◼ Strong capital base and asset quality
◼ Largest domestic network: approximately 3,900 branches, 16%(1) market share and 11.8million clients
◼ Best branch footprint making the Group truly nationwide: market share ≥ 12%(1) in
18 out of 20 regions◼ High penetration of local markets: market share ≥ 5%(1) in all the 107 provinces◼ Particular strength in the wealthiest areas of Italy: strong retail presence covering more
than 70% of Italian household wealth
◼ Strategic international presence, with approximately 1,100 branches and 7.2 millioncustomers, comprising subsidiaries operating in commercial banking in 12 countries inCentral Eastern Europe and Middle Eastern and North African areas and an internationalnetwork of specialists in support of corporate customers across 25 countries, in particular inthe Middle East and North Africa and in those areas where Italian companies are mostactive, such as the United States, Brazil, Russia, India and China
The Leader in
Italy
Unique
Customer Reach
Strategic
International
Presence
4
Solid value creation for all stakeholders
Clients
Shareholders
Employees
◼ A real-economy Bank, that supports the real economy, leveraging a strong balance sheetto match healthy credit demand, and manages the financial wealth of clients with care
◼ A simple yet innovative Bank, acting with a truly multi-channel model
◼ A Bank with sustainable profitability in which operating performance, productivity, risk
profile, liquidity and solidity/leverage are carefully balanced◼ Strong and increasing cash dividend distribution over the course of the 2014-2017 Business
Plan: 1.2bn euro paid for 2014, 2.4bn euro paid for 2015, 3bn euro paid for 2016 and 3.4bneuro paid for 2017. In the 2018-2021 Business Plan, commitment to paying out 85% of netincome as cash dividends for 2018, 80% for 2019, 75% for 2020 and 70% for 2021: 3.4bn euroof dividends paid for 2018.
◼ Empowered and motivated people through training, job re-allocation, acknowledgementof individual merit in career development, flexibility programs and upgrade of long-termincentives linked to productivity and results
Society and
Environment
◼ A Bank with a distinctive identity/reputation, committed to contributing to the growth anddevelopment of the economy and society
◼ CSR deeply rooted in all business areas and staff functions, embedded in the Bank’s strategy, supporting social and environmental value creation for a long-term economic development and respecting all stakeholders
The Group at a glance: Financial Highlights5
Figures as at 30 June 2019(1) Including Net Income(2) As at 30 September 2019
~ 7.2 million abroad
Total Assets
euro 828,365 m
Intesa Sanpaolo
~ 19.0 million
Customers
4,967
Branches
Loans to Customers
euro 394,253 m
Direct Deposits from Insurance Business and Technical Reserves
euro 157,529 m
Shareholders’ Equity(1)
euro 53,535 m
1H19 Net Incomeeuro 2,266 m
Market Capitalisation(2)
euro 38.1 bn
~ 11.8 million in Italy
3,901
in Italy
1,066
abroad
Direct Deposits from Banking Business
euro 423,158 m
6
The Group at a glance: Ratings
FitchRatings
Long-term
Short-term
Viability
Outlook
BBBF2 bbbNegative
Long-term
Short-term
Outlook
Moody’s
S&P GlobalRatings
Long-term
Short-term
Outlook
BBBA-2Negative
Baa1P-2Stable
DBRS Long-term
Short-term
Trend Long-term
Trend Short-term
BBB (high)R-1 (low)StableStable
7
Leadership in Italy built on long-standing relationships with customers
22.8%
21.0%
17.9%
17.5%
Ranking in
Italy
1
1
1
1
Loans
Deposits (1)
Figures as at 30 June 2019(1) Including bonds(2) Mutual funds; data as at 31 March 2019(3) Data as at 31 March 2019
Asset Management (2)
Pension Funds (3)
8
European scale
EUROZONE RANKING BANKS’ MARKET CAPITALISATION (euro bn)
3
5
1
2
4
6
9
7
8
10
11
Source: Bloomberg Prices as at 30 September 2019
Intesa Sanpaolo
142.7
69.5
62.1
55.8
42.7
40.2
37.4
32.1
31.9
29.3
28.7
28.3
26.4
25.6
24.8
24.7
24.2
21.5
18.5
17.0
15.2
38.1
HSBC
Sberbank
Banco Santander
BNP Paribas
Lloyds Banking Group
UBS
ING
Crédit Agricole
BBVA
Barclays
Credit Suisse
Royal B. of Scotland
Nordea Bank
DNB
KBC
Standard Chartered
UniCredit
Société Générale
SEB
Svenska Handelsb.
ABN AMRO Group
9
Corporate Governance: Board of Directors, Management Control Committee and
Internal Committees
Gian Maria Gros-Pietro Chairman
Paolo Andrea Colombo Deputy Chairperson (1) (2)
Carlo Messina (#) Managing Director and CEO
Franco Ceruti Director
Giovanni Gorno Tempini Director (2)
Rossella Locatelli Director (2)
Luciano Nebbia Director
Bruno Picca Director (1)
Livia Pomodoro Director (2)
Maria Alessandra Stefanelli Director (2)
Guglielmo Weber Director (2)
Daniele Zamboni (*) Director (1) (2)
Maria Mazzarella (*) Director (2)
Anna Gatti (*) Director (2)
Fabrizio Mosca Director and MCC member (1) (2)
Milena Teresa Motta Director and MCC member (1) (2)
Maria Cristina Zoppo Director and MCC member (1) (2)
Alberto Maria Pisani (*) Director and MCC Chairman (1) (2)
Corrado Gatti (*) Director and MCC member (1) (2)
(#) Was appointed Managing Director and CEO by the Board of Directors on 2 May 2019. He is the only executive director on the Board(*) Is a representative of the Minority List(1) Is enrolled on the Register of Statutory Auditors and has practiced as an auditor or been a member of the supervisory body of a limited company(2) Meets the independence requirements pursuant to Article 13.4.3 of the Articles of Association, the Corporate Governance Code and Article 148, third paragraph, of Legislative Decree 24 February 1998 no 58 (TUF)
Board of Directors and Management Control Committee
appointed on 30/04/2019
Nomination Committee
Livia Pomodoro Chair (2)
Paolo Andrea Colombo Member (1) (2)
Gian Maria Gros-Pietro Member
Maria Mazzarella (*) Member (2)
Bruno Picca Member (1)
Remuneration Committee
Paolo Andrea Colombo Chair (1) (2)
Franco Ceruti Member
Anna Gatti (*) Member (2)
Giovanni Gorno Tempini Member (2)
Luciano Nebbia Member
Risks Committee
Rossella Locatelli Chair (2)
Franco Ceruti Member
Bruno Picca Member (1)
Guglielmo Weber Member (2)
Daniele Zamboni (*) Member (1) (2)
Committee for transactions
with related parties of Intesa Sanpaolo S.p.A. and
associated entities of the Group
Daniele Zamboni (*) Chair (1) (2)
Giovanni Gorno Tempini Member (2)
Rossella Locatelli Member (2)
Maria Mazzarella (*) Member (2)
Maria Alessandra Stefanelli Member (2)
Corporate and
Investment
Banking Division
Banca dei Territori
Division(*)
International
Subsidiary Banks
Division
Asset
Management
Division
Private Banking
DivisionInsurance
Division
10
A customer-oriented organisation
Stefano
Barrese
Paola
Angeletti
Paolo
Molesini
Tommaso
Corcos
Nicola Maria
FioravantiMauro
Micillo
Managing Director and CEO
Carlo Messina
(*) Domestic Commercial Banking
Managing Directorand CEO
Carlo Messina
11
Central Structures
Safety andProtection
Head OfficeDepartment
Fabio Rastrelli
Chief Audit Officer
Chairman of the Board of Directors (*)
Gian Maria Gros-Pietro
Claudio Testa
Board ofDirectors
Strategic SupportHead OfficeDepartment
Paolo Bonassi
Chief Operating Officer
GovernanceArea
Rosario Giacomo Strano
Chief IT, Digital& Innovation
OfficerGovernance
Area
Massimo Proverbio
Chief Cost Management
OfficerGovernance
Area
Alfonso Guido
Chief LendingOfficer
GovernanceArea
Marco Elio Rottigni
Chief Financial Officer (**)
GovernanceArea
Stefano Del Punta
Chief RiskOfficer
GovernanceArea
DavideAlfonsi
Chief ComplianceOfficer
GovernanceArea
Piero Franco MariaBoccassino
Chief Governance
OfficerGovernance
Area
Paolo Maria VittorioGrandi
Chief InstitutionalAffairs & External Communication
OfficerGovernance
Area
Stefano Lucchni
(*) Chairman’s Technical Secretariat (G. Paladino) reports to the Chairman of the Board of Directors(**) Manager responsible for preparing the Company’s financial reports Fabrizio Dabbene reports to the Chief Financial Officer
12
The Banca dei Territori Division
11.7 million
Customers
3,648
Branches
Product Companies (4)
Direct channels
Focus on the market and centrality of the territory for stronger relations with individuals, small and
medium-sized businesses and non-profit entities
Figures as at 30 June 2019
(1) Retail customers: individual customers with financial assets up to 100,000 euro and businesses/companies with low-complexity needs
(2) Personal customers: individual customers with financial assets between 100,000 and one million euro
(3) SME customers: companies with group turnover below 350 million euro
(4) Industrial credit, leasing and factoring
Retail(1)
SME(3)
Personal(2)
13
The Banca dei Territori Division
Retail
PersonalSME
3,298 branches dedicated to11.5 million Retail and Personal
customers
267 branches dedicated to
238,000 SME customers and 83 branches
serving approximately 65,000 Non-profit customers
Instant Banking SME Finance
Figures as at 30 June 2019
14
The Banca dei Territori Division: 8 Regional Governance Centres
GOVERNANCE CENTRES MANAGER
Piemonte, Valle d’Aosta and Liguria
Lombardia
Milano and Province
Veneto, Friuli Venezia Giulia and Trentino Alto Adige
Mauro Federzoni
Renzo Simonato
Gianluigi Venturini
Cristina Balbo
Emilia Romagna, Marche, Abruzzo and Molise
Toscana and Umbria
Campania, Basilicata, Calabria and Puglia
Francesco Guido
Tito Nocentini
Luca Severini
266
647
416
415
566
376
444
Pierluigi MonceriLazio, Sardegna and Sicilia 518
Figures as at 30 June 2019
BRANCHES
15
The Corporate and Investment Banking Division
Global partner for corporates and financial institutions, also internationally through a specialist networkof branches, representative offices, and subsidiaries focused on corporate banking, and for publicadministration
Figures as at 30 June 2019
(1) Foreign branches, representative offices and corporate banks
(2) Corporates with a turnover higher than 350 million euro and grouped, in accordance with a sector-based model, in the following 9 industries: Automotive & Industrials; Basic
Materials & Healthcare; Food & Beverage and Distribution; Retail & Luxury; Infrastructure & Real Estate Partners; Public Finance; Energy; Telecom, Media & Technology;
Business Solutions
15,000
Customers
and
27
Branches
in Italy
International Department (1)
Gianluca Cugno
Global Corporate (2)
Raffaello Ruggieri Capital Markets e Investment Banking
Mauro Micillo
Financial InstitutionsAndrea Mayr
Global Transaction BankingStefano Favale
16
The Corporate and Investment Banking DivisionThe international network of specialists spread across 25 countries serving corporate customers
Beijing
Ho Chi Minh City
Jakarta
REPRESENTATIVE OFFICES (2)DIRECT BRANCHES
London Hub
New York Hub
Dubai Hub Abu Dhabi
Doha
Frankfurt
London
Beirut
Mosca
Hong Kong HubHong Kong
Shanghai
CORPORATE BANKS
Singapore
Tokyo
Madrid
Paris
Warsaw
New York Washington D.C.
Dubai
Istanbul
(1)
Figures as at 30 June 2019(1) Russian Federation(2) The Representative Offices include Institutional Affairs in Brussels.
Cairo
Mumbai
Seoul
Sydney
17
The Corporate and Investment Banking DivisionComplete solutions for global needs of Financial Institutions and Corporate clients
Global
Relationship
Banks
Insurances and
Financial
Institutions Non-
Banks
Funds
Transaction
Banking
Cash Management
Trade Services
Agency Services
Local Custody
Trade & Export
Finance
Export Trade
Structured Trade
ECAs
18
The Corporate and Investment Banking Division
Capital Markets e Investment Banking
Investment Banking & Structured FinanceCapital Markets
M&A
Equity Capital Markets
DCM & Debt Syndication
Structured Finance
Global Markets Securities
Global Markets Solutions & Financing
Finance & Investments
(1) Origination and execution activities for SME customers of the Banca dei Territori Division
Corporate Finance BdT (1)
Albania
Bosnia and Herzegovina
Croatia
Czech Republic
Egypt
Hungary
Moldova
Romania
Slovakia
Slovenia
Ukraine
19
The International Subsidiary Banks Division
7.1 million
Customers
and
1,011 Branches
in 12 Countries
Strategic international presence in commercial banking in Central Eastern Europe and Middle Eastern and North African areas
Figures as at 30 June 2019
Serbia
4
2
5
Almir Krkalić 5 531,126 171,000
6
20
The International Subsidiary Banks Division
Country Bank Manager Total Assets(euro m)
Ranking(by Total Assets)
Branches Customers
Dinko Lucić
Bosnia and
Herzegovina
34
191
Figures as at 30 June 2019
Silvio Pedrazzi
Egypt 176Dante Campioni
Moldova
1,421
11,397
5,249
228,000
1,672,000
1,646,000
Hungary 5,869
17 103,000
Pál Simák
Albania
Croatia
Marco Santini 194 5
65 419,000
21
Divisione International Subsidiary Banks
Figures as at 30 June 2019
Serbia Draginja Djuric 15,172 154
Ukraine
Slovakia
Slovenia Josef Kausich 6
217,496 193
492,608
15945
Alexander Resch
Taras Kyrychenko
1,312,000
1,160,000
191,000
98,000
1,300 34 68,000Danut – Leonard SanduRomania
Country Bank Manager Total Assets(euro m)
Ranking(by Total Assets)
Branches Customers
22
The Private Banking Division
The Division serves the customer segment consisting of Private clients and High Net Worth Individuals with theoffering of products and services tailored for this segment. Its international business is carried out through thehub Intesa Sanpaolo Private Bank (Suisse) Morval
92,000
Customers
230 Branches
5,942
private
bankers
Private and
High Net Worth Individuals
FideuramPaolo Molesini
Figures as at 30 June 2019
SIREF FiduciariaLorenzo Petracca
Intesa Sanpaolo Private BankingSaverio Perissinotto
23
The Asset Management Division
Figures as at 30 June 2019
Asset management solutions targeted at the Group’s customers, commercial networks outside the Group,and the institutional clientele
Asset
Management
252 billion euro
Assets under
Management
24
The Insurance Division
Figures as at 30 June 2019
Insurance and pension products tailored for the Group’s clients
Insurance158 billion euro
Direct Deposits and
Technical Reserves
81%
19%
47%
11%
22%
10%
4%6%
25
Breakdown of consolidated results as at 30 June 2019
Operating Income
Breakdown
by Business Area (1)
Breakdown
by Geographical Area
Other Countries
Italy
Private Banking Division
International Subsidiary Banks Division
Corporate and Investment Banking Division
Banca dei Territori Division (*)
Asset Management Division
Insurance Division
Figures may not add up exactly due to rounding differences(1) Excluding the Corporate Centre (*) Domestic Commercial Banking
26
The Group Italian network
Figures as at 30 June 2019
NORTH EAST
ISLANDS
235
SOUTH
647
BranchesCompany
Subsidiaries
Branches
Intesa Sanpaolo
BranchesCompany
Subsidiaries
Branches
Intesa Sanpaolo
NORTH WEST
1,101
CENTRE
Subsidiaries
BranchesCompanyBranches
Intesa Sanpaolo
905
Subsidiaries
CompanyBranches
Intesa Sanpaolo
Company Branches
773 41
CompanyBranches
SubsidiariesIntesa Sanpaolo
Mediocredito Italiano 1
Mediocredito Italiano 2
10
4Fideuram 93
Mediocredito Italiano1Banca IMI
Fideuram
Fideuram
26Fideuram
Banca IMI 1Banca 5 1
Mediocredito Italiano 2
Branches
56
Mediocredito Italiano 2
Fideuram
Branches
27
The Group product companies in Italy
Industrial credit, Leasing and Factoring
WealthManagement& Protection
Fiduciary Services
The Group International network
Representative Offices
28
Figures as at 30 June 2019(1)Institutional Affairs
AFRICA
Cairo
Representative Offices Subsidiaries
Bank of Alexandria
Country
Egypt
Branches
176
EUROPE
Representative OfficesDirect Branches
Intesa Sanpaolo Bank Albania
Intesa Sanpaolo Banka Bosna i Hercegovina
Privredna Banka Zagreb
SubsidiariesCountry
Frankfurt
London
Madrid
Paris
Albania
Bosnia and Herzegovina
Croatia
Czech Republic
Hungary
Ireland
Russian Federation
Serbia
The Netherlands
Slovenia
Switzerland
Romania
CIB Bank
Intesa Sanpaolo Bank Romania
VUB Banka
Banca Intesa Beograd
VUB Banka
Intesa Sanpaolo Bank
Intesa Sanpaolo Private Bank (Suisse) Morval
Banca IMIIntesa Sanpaolo Private Banking
Intesa Sanpaolo Bank Luxembourg
United Kingdom
Ukraine Pravex Bank
Brussels (1)
Moscow
OCEANIA
Sydney
Representative Offices
Warsaw
Istanbul
Intesa Sanpaolo Bank Ireland
Intesa Sanpaolo Bank Luxembourg
AMERICA
Representative OfficesDirect Branches
New York
SubsidiariesCountry
Intesa Sanpaolo BrasilBrazil
Branches
1
Washington D.C.
Banca Intesa
Moldova Eximbank
ASIA
Beirut
Direct Branches
Hong KongShanghai
Singapore
Mumbai
Beijing
Seoul
Dubai Ho Chi Minh City
Abu Dhabi
Tokyo
Doha
Jakarta
Slovakia
Luxembourg Fideuram Bank Luxembourg
34
53
191
1
1
Branches
1
1
192
49
2
1
34
1
154
32
17
1
45
65
29
International presence of the Group product companies
Consumer Credit,E-money and Payment
Systems
Leasing
WealthManagement