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Vontobel Investor Relations July 28, 2022 Note: The information in this spreadsheet are compiled for information only. Figures in the most recent financial report are binding. Figures in this spreadsheet may differ from those originally published in our annual or half yearly reports due to, e.g., organizational changes or reclassifications.

Vontobel
VONTOBEL 1H22 2021 2H21 1H21 2020 2H20 1H20 2019 2H19 1H19
Income statement (CHF M)
Net interest income after credit losses 32.6 61.3 25.6 35.7 73.0 33.2 39.8 86.3 38.5 47.8
Net fee and commission income 440.4 974.8 499.1 475.7 869.6 439.6 429.9 875.8 459.0 416.8
Trading income and other income 213.1 499.5 231.3 268.2 323.0 169.7 153.3 299.8 138.8 161.0
Operating income 686.1 1,535.6 756.0 779.6 1,265.5 642.5 623.0 1,261.9 636.2 625.6
Personnel expense 326.2 734.7 353.5 381.2 640.0 325.7 314.3 637.2 321.2 316.0
General expense 123.3 225.4 113.9 111.5 199.8 96.2 103.6 216.3 108.6 107.6
Depreciation of property, equipment and intangible assets 50.2 100.4 51.0 49.4 98.6 50.8 47.8 100.1 49.3 50.8
Provisions and losses 6.0 7.9 3.8 4.0 6.2 4.9 1.3 1.6 - 0 1.6
Operating expense 505.7 1,068.4 522.2 546.2 944.5 477.6 466.9 955.2 479.1 476.1
Profit before taxes 180.4 467.2 233.8 233.4 321.0 164.9 156.1 306.7 157.1 149.6
Taxes 29.0 83.4 41.9 41.5 61.6 34.6 26.9 41.6 23.2 18.4
Group net profit 151.4 383.8 191.9 191.8 259.4 130.3 129.2 265.1 134.0 131.1
of which allocated to minority interests - 0 10.0 - 0 10.0 16.8 9.2 7.5 14.1 7.6 6.4
of which allocated to shareholders 151.4 373.8 191.9 181.8 242.7 121.0 121.6 251.0 126.3 124.7
Adjustments to pre-tax profit (income) - 0 - 0 - 0 - 0 - 0 - 0 -6.9 - 0 -6.9
Adjustments to pre-tax profit (expense) 9.1 - 0 9.1 5.5 1.4 4.1 11.8 3.9 7.9
Adjusted pre-tax profit 180.4 476.3 233.8 242.5 326.5 166.3 160.2 311.6 161.0 150.6
Client assets (CHF B)
Assets under management 208.6 243.7 243.7 244.2 219.6 219.6 193.4 198.9 198.9 186.0
Other advised client assets 13.5 16.3 16.3 21.7 20.4 20.4 15.4 16.5 16.5 16.6
Structured products outstanding 6.9 8.1 8.1 8.6 8.2 8.2 9.8 10.7 10.7 10.3
Advised client assets 229.0 268.1 268.1 274.5 248.2 248.2 218.6 226.1 226.1 212.9
Custody assets 27.0 28.6 28.6 28.8 64.0 64.0 61.5 62.3 62.3 59.2
Client assets 256.0 296.8 296.8 303.3 312.2 312.2 280.2 288.4 288.4 272.2
Net new money -1.0 8.1 1.5 6.6 14.8 7.4 7.4 11.7 6.4 5.3
Personnel (full-time equivalents)
Employees 2,159.8 2,109.3 2,109.3 2,070.4 2,015.1 2,015.1 1,997.0 1,981.6 1,981.6 2,000.7
of which in Switzerland 1,738.3 1,694.8 1,694.8 1,669.2 1,640.5 1,640.5 1,636.6 1,636.8 1,636.8 1,666.1
of which abroad 421.5 414.5 414.5 401.2 374.6 374.6 360.4 344.8 344.8 334.6
Balance sheet (CHF M)
Assets 32,943.0 32,397.9 32,397.9 33,666.9 31,422.4 31,422.4 28,596.6 26,240.3 26,240.3 27,364.7
of which loans 7,115.8 7,102.5 7,102.5 6,956.6 6,378.6 6,378.6 5,385.9 5,046.2 5,046.2 5,136.3
of which goodwill and other intangibles 538.2 547.0 547.0 554.7 556.8 556.8 560.5 573.3 573.3 580.5
Liabilities 30,957.0 30,329.0 30,329.0 31,707.5 29,530.8 29,530.8 26,841.2 24,427.0 24,427.0 25,633.3
of which due to customers 15,207.3 14,793.3 14,793.3 14,645.9 14,646.5 14,646.5 12,244.2 10,506.4 10,506.4 11,304.1
Shareholders' equity (excl. minority interests) 1,986.1 2,068.9 2,068.9 1,959.4 1,891.6 1,891.6 1,755.4 1,813.3 1,813.3 1,731.3
Tangible book value 1,447.9 1,521.9 1,521.9 1,404.7 1,334.8 1,334.8 1,194.9 1,240.0 1,240.0 1,150.8
Leverage ratio (%) 5.0 4.9 4.9 4.5 4.6 4.6 4.8 5.2 5.2 4.9
Capital
Risk-weighted positions (CHF M) 6,414.5 6,617.3 6,617.3 7,452.7 7,447.5 7,447.5 7,037.7 7,039.3 7,039.3 7,540.4
Common equity tier 1 capital (CHF M) 1,186.5 1,100.7 1,100.7 1,078.4 1,024.4 1,024.4 972.3 949.4 949.4 924.9
Common equity tier 1 capital ratio (%) 18.5 16.6 16.6 14.5 13.8 13.8 13.8 13.5 13.5 12.3
Tier 1 capital (CHF M) 1,635.9 1,549.8 1,549.8 1,527.2 1,473.0 1,473.0 1,420.7 1,397.5 1,397.5 1,372.8
Tier 1 capital ratio (%) 25.5 23.4 23.4 20.5 19.8 19.8 20.2 19.9 19.9 18.2
Financial ratios (%)
Loan-to-deposit ratio 46.8 48.0 48.0 47.5 43.6 43.6 44.0 48.0 48.0 45.4
Share of fee and commission income 64.2 63.5 66.0 61.0 68.7 68.4 69.0 69.4 72.1 66.6
Cost/income ratio 72.8 69.1 68.6 69.6 74.1 73.6 74.7 75.6 75.3 75.8
Adjusted cost/income ratio 72.8 68.5 68.6 68.4 73.7 73.4 74.1 75.1 74.7 75.4
Personnel expense ratio 47.5 47.8 46.8 48.9 50.6 50.7 50.4 50.5 50.5 50.5
Tax rate 16.1 17.9 17.9 17.8 19.2 21.0 17.3 13.6 14.8 12.3
Return on equity 14.6 18.8 19.0 18.7 13.3 13.3 13.4 14.2 14.2 14.3
Return on tangible equity1 19.7 25.9 26.0 25.9 19.6 19.1 20.0 21.5 21.1 21.9
Return on CET1 capital1 26.2 34.0 35.0 33.1 24.8 24.2 25.3 27.6 27.0 28.3
Share
Share price (CHF) 67.10 79.90 79.90 72.10 70.20 70.20 66.45 69.15 69.15 54.30
Number of shares outstanding2 55,754,781 55,235,116 55,235,116 56,117,176 55,752,302 55,752,302 56,066,215 55,433,353 55,433,353 56,253,286
Undiluted weighted average number of shares 55,765,783 55,872,743 55,555,829 56,189,656 55,876,292 55,855,218 55,897,367 55,901,396 55,832,601 55,970,190
Market capitalization (CHF M) 3,741.1 4,413.3 4,413.3 4,046.0 3,913.8 3,913.8 3,725.6 3,833.2 3,833.2 3,054.6
Basic earnings per share (CHF) 2.71 6.69 3.45 3.24 4.34 2.16 2.18 4.49 2.26 2.23
Book value per share (CHF) 35.62 37.46 37.46 34.92 33.93 33.93 31.31 32.71 32.71 30.78
Tangible book value per share (CHF) 25.97 27.55 27.55 25.03 23.94 23.94 21.31 22.37 22.37 20.46
Dividend per share (CHF) 3.00 2.25 2.25
Dividend yield3 (%) 3.75 3.21 3.25
Payout ratio (%) 45 52 50
1 Full-year figures up to FY 2020 based on three point period end averages and half year figures based on period end averages
2 At end of period; shares issued net of treasury shares
3 Dividend per share / share price at year-end
Asset Management
ASSET MANAGEMENT 1H22 2021 2H21 1H21 2020 2H20 1H20 2019 2H19 1H19
Income statement (CHF M)
Net interest income after credit losses -0.1 -0.3 -0.4 0.1 1.2 0.3 0.9 3.3 1.9 1.3
Net fee and commission income 247.7 592.6 303.6 289.0 511.9 265.3 246.6 505.2 269.7 235.5
Trading income and other operating income -0.5 1.8 0.3 1.5 1.6 0.6 1.0 1.3 - 0 1.3
Operating income 247.1 594.1 303.6 290.5 514.6 266.2 248.5 509.8 271.6 238.1
Personnel expense 32.7 82.3 43.4 38.9 78.7 40.1 38.6 79.7 40.9 38.7
General expense 6.9 12.4 7.1 5.3 16.6 7.9 8.7 21.7 12.2 9.5
Depreciation of property, equipment and intangible assets 1.5 3.9 1.8 2.1 4.1 2.1 2.0 4.1 2.0 2.0
Provisions and losses 0.4 - 0 - 0 - 0 0.1 0.1 - 0 - 0 - 0 - 0
Operating expense 41.4 98.7 52.5 46.2 99.4 50.2 49.3 105.5 55.2 50.3
Profit before taxes 205.6 495.4 251.1 244.3 415.2 216.0 199.2 404.3 216.5 187.8
Client assets (CHF B)
Assets under management 118.3 142.9 142.9 147.6 134.6 134.6 119.7 121.1 121.1 111.9
Other advised client assets 12.2 15.8 15.8 21.2 19.8 19.8 15.1 16.1 16.1 16.0
- 0
Advised client assets 130.5 158.7 158.7 168.8 154.4 154.4 134.8 137.2 137.2 127.9
Average assets under management 131.7 142.0 144.8 139.6 122.8 127.0 118.1 112.5 116.8 108.2
Net new money -4.0 1.9 -1.0 2.9 9.5 2.7 6.8 11.0 6.1 4.9
Personnel (full-time equivalents)
Employees 184.2 180.8 180.8 174.8 175.8 175.8 168.8 158.4 158.4 161.7
Financial ratios
NNM growth1 (%) -5.7 1.4 -1.5 4.3 7.8 4.4 11.2 10.8 11.9 9.6
Operating income margin (bp) 38 42 42 42 42 42 42 45 47 44
1 Half-year figures are annualized
Wealth Management
WEALTH MANAGEMENT 1H22 2021 2H21 1H21 2020 2H20 1H20 2019 2H19 1H19
Income statement (CHF M)
Net interest income after credit losses 38.4 50.9 22.7 28.2 67.6 30.7 36.9 79.7 40.0 39.7
Net fee and commission income 216.4 432.1 218.6 213.5 403.2 204.8 198.5 379.3 191.1 188.1
Trading income and other operating income 65.4 150.7 69.0 81.7 78.8 38.3 40.6 99.0 48.1 50.9
Operating income 320.2 633.7 310.3 323.4 549.7 273.7 275.9 558.0 279.3 278.7
Personnel expense 89.7 202.7 107.0 95.7 188.5 97.4 91.0 182.5 91.5 91.0
General expense 10.7 16.3 9.7 6.6 15.2 7.3 7.9 18.4 8.7 9.7
Depreciation of property, equipment and intangible assets 4.0 8.0 3.6 4.4 7.7 3.9 3.9 9.4 4.5 4.9
Provisions and losses 2.3 5.2 3.5 1.7 1.4 0.6 0.8 0.8 0.1 0.6
Operating expense 106.6 232.3 123.9 108.4 212.8 109.2 103.6 211.1 104.8 106.3
Profit before taxes 213.6 401.5 186.5 215.0 336.9 164.5 172.4 346.9 174.5 172.4
Client assets (CHF B)
Assets under management 85.7 95.8 95.8 92.2 81.6 81.6 71.8 75.3 75.3 72.5
Other advised client assets 0.5 0.6 0.6 0.6 0.7 0.7 0.6 1.6 1.6 1.4
- 0
Advised client assets 86.2 96.3 96.3 92.8 82.3 82.3 72.4 76.9 76.9 73.9
Average assets under management 91.7 90.1 93.8 86.6 73.1 75.0 71.4 71.9 73.5 70.4
Net new money 3.0 5.6 2.5 3.1 4.9 4.3 0.6 0.6 0.3 0.3
Personnel (full-time equivalents)
Employees 608.4 609.1 609.1 611.5 601.2 601.2 618.3 618.2 618.2 626.2
of which relationship managers 301.9 297.3 297.3 301.6 302.9 302.9 296.3 291.4 291.4 296.9
Financial ratios
NNM growth1 (%) 6.3 6.9 6.1 7.6 6.5 11.4 1.6 0.9 0.9 0.9
Operating income margin (bp) 70 70 66 75 75 73 77 78 76 79
1 Half-year figures are annualized
Digital Investing
DIGITAL INVESTING 1H22 2021 2H21 1H21 2020 2H20 1H20 2019 2H19 1H19
Income statement (CHF M)
Net interest income after credit losses 0.7 0.5 0.1 0.4 -0.8 -1.1 0.3 3.8 2.4 1.4
Net fee and commission income -4.6 -11.5 -11.8 0.3 27.2 18.5 8.7 8.0 3.8 4.2
Trading income and other operating income 124.9 326.9 162.1 164.8 157.1 76.8 80.2 149.1 69.1 80.1
Operating income 120.9 315.9 150.4 165.5 183.5 94.2 89.2 160.9 75.2 85.7
Personnel expense 3.9 10.9 5.7 5.2 5.1 3.4 1.7 3.2 1.7 1.5
General expense 3.0 1.6 0.9 0.7 1.9 1.6 0.3 0.5 0.3 0.3
Depreciation of property, equipment and intangible assets 0.1 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Provisions and losses - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Operating expense 7.0 12.5 6.6 5.9 7.0 5.0 2.0 3.7 1.9 1.8
Profit before taxes 113.9 303.4 143.7 159.7 176.5 89.2 87.2 157.2 73.3 83.9
Client assets (CHF B)
Assets under management 0.6 0.8 0.8 0.7 0.8 0.8 - 0 - 0 - 0 - 0
Other advised client assets - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
- 0
Advised client assets 0.6 0.8 0.8 0.7 0.8 0.8 - 0 - 0 - 0 - 0
Net new money 0.0 0.1 0.1 0.0 0.1 0.1 - 0 - 0 - 0 - 0
Personnel (full-time equivalents)
Employees 39.8 34.2 34.2 23.3 18.0 18.0 12.0 6.0 6.0 7.0
CoE - Reconciliation
CENTERS OF EXCELLENCE / RECONCILIATION 1H22 2021 2H21 1H21 2020 2H20 1H20 2019 2H19 1H19
Income statement (CHF M)
Net interest income after credit losses -6.4 10.2 3.2 7.0 5.0 3.3 1.7 -0.5 -5.8 5.4
Net fee and commission income -19.1 -38.4 -11.2 -27.2 -72.8 -49.0 -23.9 -16.7 -5.6 -11.0
Trading income and other operating income 23.3 20.0 -0.4 20.4 85.5 54.0 31.5 50.4 21.6 28.7
Operating income -2.1 -8.1 -8.3 0.2 17.7 8.4 9.4 33.2 10.1 23.1
Personnel expense 199.9 438.8 197.4 241.4 367.7 184.8 183.0 371.8 187.1 184.8
General expense 102.7 195.0 96.1 98.9 166.1 79.4 86.7 175.7 87.5 88.1
Depreciation of property, equipment and intangible assets 44.7 88.5 45.6 42.9 86.8 44.8 41.9 86.6 42.8 43.9
Provisions and losses 3.4 2.6 0.3 2.3 4.7 4.2 0.5 0.8 -0.1 1.0
Operating expense 350.7 725.0 339.3 385.7 625.3 313.3 312.0 634.9 317.1 317.7
Profit before taxes -352.8 -733.1 -347.5 -385.6 -607.6 -304.9 -302.7 -601.7 -307.1 -294.6
Client assets (CHF B)
Assets under management 4.0 4.3 4.3 3.7 2.6 2.6 1.9 2.5 2.5 1.7
Other advised client assets 0.8 -0.1 -0.1 -0.1 -0.1 -0.1 -0.3 -1.2 -1.2 -0.8
Structured products outstanding 6.9 8.1 8.1 8.6 8.2 8.2 9.8 10.7 10.7 10.3
Advised client assets 11.7 12.4 12.4 12.2 10.7 10.7 11.5 12.0 12.0 11.2
Net new money 0.0 0.6 0.0 0.6 0.3 0.3 0.0 0.1 0.0 0.1
Personnel (full-time equivalents)
Employees 1,327.4 1,285.2 1,285.2 1,260.8 1,220.1 1,220.1 1,197.9 1,199.0 1,199.0 1,205.8

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Vontobel Holding AG published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 04:57:02 UTC.