Price 31/12/2017 €40.77
IFIS 2017 Interactive Annual Report
Factsheet
2017
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
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
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.