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Investor Presentation November 2013 Investor Presentation

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Investor Presentation November 2013 Investor Presentation Investor Presentation November 2013 Investor Presentation. November 2013 I. Key Macroeconomic Indicators of Russia - 2 - Investor Presentation. November 2013 Key macroeconomic indicators (RUSSIA) Progress in WB Doing Business rank over 3 years YTD currency dynamics vs. USD 40 improvement, rank 31 30 25 Mexico 20 Russia 9 11 10 Norway 0 1 0 Brazil -10 -4 -7 Australia -20 India -18 -17 -30 Turkey South Africa India Chile Brazil China poland Turkey Russia Mexico -20% -15% -10% -5% 0% South Af. South Indonesia Cabinet controls expenditures growth CBR reserves and CPI growth 150 50% 600 25 $/bbl % y/y $ bn % y/y 500 120 109 110 110 40% 20 99 102 400 90 30% 15 300 62 60 20% 10 200 34 30 10% 100 5 0 0 0 0% 13 - 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010 2011 2012 Oct 2013E Breakeven oil price, $/bbl (LHS) Expenditure growth, % y/y (RHS) CBR reserves, $bn, e.o.p. (LHS) CPI, % y/y, e.o.p. (RHS) - 4 - Investor Presentation. November 2013 Key macroeconomic indicators (RUSSIA) Loan growth still strong Retail lending is underpenetrated 120% % y/y Greece Austria 100% Latvia Italy 80% Retail Corporate Poland 60% Hungary Lithuania 40% Slovenia Slovakia 20% Czech Rep. Bulgary Non-mortgage Mortgage 0% Ukraine Romaina -20% Turkey % GDP 13 - Russia 2004 2005 2006 2007 2008 2009 2010 2011 2012 2003 % GDP Sep 0 10 20 30 40 50 60 CBR supports banking sector Capital adequacy and margins rather strong 5'000 14% RUB bn CBR loans % assets 22% Capital adequacy (LHS) Net interest margin (RHS) 6.0% 4'500 Minfin deposits 12% 4'000 20% 21% 5.5% State funding, % assets (RHS) 3'500 10% 4.96% 3'000 18% 5.0% 8% 4.64% 4.60% 2'500 4.41% 18% 6% 4.47% 2'000 16% 17% 4.5% 1'500 16% 3.99% 4.03% 4% 16% 1'000 14% 15% 4.0% 2% 15% 500 3.97% 14% 13% 0 0% 12% 3.5% 3.57% 10% 3.0% 01.12.08 01.03.09 01.06.09 01.09.09 01.12.09 01.03.10 01.06.10 01.09.10 01.12.10 01.03.11 01.06.11 01.09.11 01.12.11 01.03.12 01.06.12 01.09.12 01.12.12 01.03.13 01.06.13 01.09.13 2005 2006 2007 2008 2009 2010 2011 2012 1H13 - 5 - Investor Presentation. November 2013 II. Alfa-Bank and Russian banking sector - 6 - Investor Presentation. November 2013 Alfa-Bank: the key banking asset of Alfa Group* Alfa Group holds approximately US$ 82.6 bn in assets and US$ 28.6 bn in equity** Investment and Banking asset management Listed on LSE Alfa-Bank (Russia) Alfa Asset Management Each business is legally distinct Alfa-Bank (Ukraine) Alfa Capital Partners and run independently from ListedListed on on NYSE NYSE each other, all intra-group Alfa-Bank (Belarus) A1 Group Ltd. transactions are done on market ListedListed on on NYSE NYSE Alfa-Bank (Kazakhstan) terms Alfa-Bank - Wide range of financial services, including corporate and SME banking, retail banking, investment banking, trade finance, structured finance, leasing. Alfa-Bank Russia (100.00%), Alfa-Bank Ukraine (100.00%), Alfa-Bank Belarus (98.96%), Alfa-Bank Kazakhstan (100.00%), Alfa Asset Management (100.00%) - The Group’s assets management arm. Clients include Russian as well as international institutional and private clients. Alfa Capital Partners (100.00%) - The Group’s private equity and real estate investment group. A1 Group Ltd. (100.00%) - Large-scale proprietary and for-client investment into Russia, the CIS as well as other emerging markets. OJSC AlfaStrakhovanie (85.46%) - One of the largest non obligatory insurance companies in Russia. Rosvodokanal Group (100%) - A leading private operator of water supply and sewage in the CIS. X5 Retail Group N.V. (47.86%) - X5 Retail Group N.V. holds the supermarket chains Pyaterochka, Perekrestok, Karusel, and E5.RU. Altimo - Leading private equity group which is used by Alfa Group as its exclusive vehicle for making investments into telecommunications assets in Russia, the CIS and other promising markets: Vimpelcom (47.85%) and Turkcell (13.22%). * The stakes in the companies shown include effective minority stakes ** Source: Alfa Group audited report FY 2012 - 7 - Investor Presentation. November 2013 Alfa-Bank’s universal business franchise Best bank in Russia – “Customer Experience 10.1 million retail clients and 111,900 corporate Index” research by PWC and Senteo* clients** Retail Banking Corporate and Investment Banking . Branch Banking • Current and savings accounts . Corporate Lending . Equity Brokerage • Debit and credit cards . SME Banking . Fixed Income Brokerage • Personal installment loans . Leasing . Research . Consumer Finance . Trade Finance . Debt and Equity Capital . Electronic Banking . Structured Finance Markets • Electronic distribution channels Mass Corporate Factoring . Mergers & Acquisitions • Internet acquiring Segment Banking . • B2B solutions . Cash Management . Structured Products and • GSM banking . Transaction Banking Derivatives . Mortgage Loans . FX Operations . Auto Finance Strategy To maintain our status as the leading private bank in Russia, while enhancing our stability and profitability. To set the industry standards in key areas such as customer experience, technology, efficiency and teamwork. Focus on client Team and team work Technology, efficiency Broad product offering, Efficient cooperation among and within business units, Technological and process efficiency Customised approach to sales and Hiring and retaining best people, as a competitive advantage services for target client groups Tailored motivation systems * Source: PWC and Senteo, June 2012 ** as of October 1, 2013 - 8 - Investor Presentation. November 2013 Alfa-Bank: well recognised record of excellence . Highest International Approval Rate, . Best Bank in Russia, 2009 Debit Consumer Issuer, 2011 . Best Service Company for . Best bank in the “Customer Experience Individual Investors, 2009 Index” research by PricewaterhouseCoopers and Senteo . Best analytics, 2010 2012, 2011, 2010, 2009 . Best bank in Russia, Best Creative Idea of the Year 2012, . Best Internet Bank in Russia, 2011, 2010 2011, 2010, 2009 . Best private bank in Russia by . Best Russian Bank, providing private Global Reputation Index (GRI) banking and wealth management research, 2010 services, 2012 - 9 - Alfa-Bank: well-known on International Capital Markets Alfa-Bank is one the biggest Russian issuers on international capital markets and currently has 6 outstanding medium term issues with a total nominal amount of US$ 4 bn. Since a Eurobond debut in 1997, Alfa-Bank has earned international investors’ confidence by complying with high standards of disclosure and though strong investor relations. In addition, its Eurobonds have tended to outperform on the secondary market. Alfa-Bank‘s investor base is well-diversified both geographically and by investor type, including private and investment banks, investment and mutual funds, insurance companies, and hedge funds. Investors are located in the United States, Western Europe and Asia. In 2011, Alfa-Bank was the first Russian private bank to issue a bond with a 10 year maturity. The US$ 1 bn benchmark issue was heavily oversubscribed. Alfa-Bank taps the international capital markets at least once a year to support its growing business. The latest issue of RUB 10 bn notes took place in April 2013, when Alfa-Bank became the first Russian private bank to issue Rouble denominated Eurobonds on the international capital markets. Alfa-Bank is also active on the local Russian bond market and currently has 6 issues outstanding with a total nominal value of RUB 35 bn (over US$ 1 bn) Alfa-Bank’s bonds trade at a significant premium to their par value: Coupon per Price Issue date Amount issued, mln Type Maturity year (21 Nov 2013) 26 April 2013 8.625% RUB 10,000 LPN (Reg S, 144-A) 100.35 26 April 2016 26 September 2012 7.5% US$ 750 LPN (Reg S, 144-A) 106.44 26 September 2019 28 April 2011 7.75% US$ 1000 LPN (Reg S, 144-A) 107.83 28 April 2021 24 September 2010 7.875% US$ 1000 LPN (Reg S, 144-A) 111.42 25 September 2017 18 March 2010 8.0% US$ 600 LPN (Reg S) 107.08 18 March 2015 22 February 2007 6.3% US$ 300 LPN (Reg S) 104.12 22 February 2017 - 10 - Investor Presentation. November 2013 Leading Russian private bank in most market segments Top Russian banks by assets (US$, bn)* Market share in retail** 8% 483.5 7% State 7.0% 7.2% 7.1% 6% 6.8% 6.8% 6.7% 6.4% 6.4% 6.6% banks 5% 4% 218.2 3% 106.3 2% 2.5% 55.5 53.6 2.3% 2.4% 2.4% 2.4% 2.5% 45.9 25.4 24.5 23.5 23.5 1% 2.0% 1.9% 2.1% 0% Retail demand accounts Retail loans (excl. mortgage loans) Top Russian banks by equity (US$, bn)* Top Russian banks by loans (US$, bn)* 57.1 324.7 27.7 107.7 66.1 9.1 5.5 34.8 31.7 5.0 4.1 3.8 3.3 2.8 2.0 19.8 16.0 14.1 13.4 13.1 * Source: bankir.ru/rating/ Figures as of October, 2013 Figures are based on non-consolidated RAS financial statements (Alfa-Bank only) ** Source: CBR, Alfa-Bank’s management report August, 2013 - 11 - Investor Presentation. November 2013 Financial highlights 1H 2013 . Net profit at US$ 479 mln (1H 2012: US$ 544 mln) . Allocated segment profit before tax and provisioning: Statement of . Corporate and Investment banking – US$ 420 mln (1H 2012: US$ 305 mln) Income . Retail banking – US$ 359 mln (1H 2012: US$ 206 mln) . Cost to income at 42.0% (1H 2012: 47.6%) .
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