NATIXIS : NATIXIS :FOURTH-QUARTER AND FULL-YEAR 2012 RESULTS Paris, February 17, 2013 Project for the sale of CCIs^(1)for an amount of €12.1bn^(2): simplification of Natixis' structure, deeply rooted in Groupe BPCE, value creation for shareholders 2012 underlying net income (group share)^(3) of €1.141bn confirming earnings capacity and strengthening capital In line with the New Deal strategic plan launched in 2009, which resulted in a significant reduction of its risk profile, recurring profitability and being deeply rooted in Groupe BPCE, Natixis announces a project for the sale of CCIs for an amount of €12.1bn. At the end of this operation, Natixis would make an exceptional distribution of €2bn, i.e. €0.65 per share. Project for the simplification of Natixis' structure oSale of all CCIs to Banques Populaires and Caisses d'Epargne oClosing of the P3CI transaction oSimplified accounts, 83% of capital allocated to the 3 core businesses^(4): Wholesale Banking, Investment Solutions, SFS Value-creating operation oExceptional distribution^(5) of €2bn, i.e. €0.65 per share in 2013 oFurther strengthening of financial structure: Basel 3 Core Tier 1 ratio^(6) above 9% as of January 1, 2013 and of 9.2% after Operation^(7) oImproved of cost/income ratio^(8) after Operation: 71.2% vs. 76.5% oLimited impact on net income (group share) oIncrease of Return on Tangible Equity (ROTE) after Operation to 8.5% from 8.1%^(8) 2012 results: core business revenues up and earning capacity confirmed oCore business revenues up +4% in 2012 vs. 2011 oProgram to reduce scarce-resources consumption (capital and liquidity) completed a year ahead of schedule oGood underlying^(3) results: net income (group share) of €1.141bn down 15% vs. 2011 (excluding interest on P3CI) oReported net income (group share) of €901m, after taking into account non-operating items of -€240 million, net of tax (mainly revaluation of own debt) oProposition^(9) to pay a cash dividend of €0.10 for 2012. A 3.5% yield (based on the share price as of February 15, 2013) Dividend distribution policy favourable to shareholders: target distribution rate of 50% starting in 2013 ^(1) Cooperative Investment Certificates - indicative schedule in appendix ^(2) Subject to the experts' final reports ^(3) Excluding non-operating items ^(4) Normative capital allocation to core businesses based on 9% of Basel RWA estimated on December 31 , 2012, including goodwill allocated to business lines ^(5) Proposition presented to the Extraordinary Shareholders' Meeting ^(6) Impact will depend on final Basel 3 rules - Fully loaded except on DTA ^(^7) Sale of CCIs, repayment of P3CI and related operations, placement of liquidities and exceptional distribution ^(8) 2012 pro forma figures, except non-operating items ^(9) Proposition presented to General Shareholders' Meeting of May 21, 2013 2012 ANNUAL RESULTS ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: NATIXIS via Thomson Reuters ONE HUG#1678847
NATIXIS : NATIXIS :FOURTH-QUARTER AND FULL-YEAR 2012 RESULTS
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