IFIS 2017 Interactive Annual Report

Factsheet
2017

Price 31/12/2017 €40.77

Yield 2.45%

Market Cap €2.2bn

Dividend €1/share

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KEY HIGHLIGHTS

Milan IF.MI

Fitch, BB+ outlook stable

Price
to 31/12/2017
€40.77

Yield
to 31/12/2017
2.45%

Market Cap
to 31/12/2017
€2.2bn

Dividend
 
€1/share

BACKGROUND

  • Banca IFIS (IF.MI) is a specialty finance player, specialized in financing SME’s with a complete range of financial tools, from short-term to medium/longer term finance and structured finance.
  • Banca IFIS is also a leader in the Italian NPL market and present in the tax receivables sector.
  • The Group has a strong and diversified business model that enables outstanding results in terms of profitability and credit quality.
  • There are three key pillars for management decision-making: profitability, liquidity and solidity.
  • Founded in 1983 by Sebastien Egon Furstenberg, the current chairman, Banca IFIS has been listed on the Milan Stock Exchange (Star segment) since 2003, with a market cap of over €2 bln at the end of 2016.
  • The Bank acquired the Interbanca Group in 2016, Cap.Ital.Fin S.p.A. at the start of 2018 and announced the acquisition of Credifarma S.p.A.
  • On the funding side, the bank successfully launched rendimax, an online savings account in 2008 and completed in 2017 the issuance of a €400 mln Tier 2 bond as well as announcing a €5 bln EMTN programme.

Share evolution

NBI contribution by segment

Total Loans
Eu Mn

NPL managed and purchased
(gross BV) - Eu Bn

Share evolution
NBI contribution by segment
Total Loans<br />Eu Mn
NPL managed and purchased<br />(gross BV) - Eu Bn

FUTURE OPPORTUNITIES FOR GROWTH

  • Banca IFIS is well placed to continue to capitalize on the restructuring of bank balance sheets in Italy and the rest of Europe through acquisitions of NPL portfolios.
  • Continued organic focus on SME trade finance (micro, small and medium sized enterprises) that is less competitive and traditional banks find difficult to service.
  • Leveraging the acquisition of the former Interbanca Group, finalized in late November of 2016.
  • Completes full range of services for SMEs.
  • Acquisition brings valuable skills, size and capital to the Group.
  • Development in financing the different production chains in Italy.
  • ONGOING: in 2018 focus on the acquisitions of Credifarma (financing Italian pharmacies) and Cap.Ital.Fin S.p.A. (salary-backed loans).

Four years of consistent
and solid growth

Shareholders

Four years of consistent<br />and solid growth
Shareholders

The chart shows the Shareholders of Banca IFIS that directly or indirectly hold financial instruments representing the capital with voting rights of Banca IFIS over 3%, or over 2% for Shareholders who are also Directors of the Bank.

Notes to the Consolidated Financial Statements
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