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Anglo Irish Bank

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Anglo Irish Bank. Living in a 1% world. Merrill Lynch Pan European Banking & Insurance Conference ... No. 1 performing Bank EPS Growth. No. 1 performing ... – PowerPoint PPT presentation

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Title: Anglo Irish Bank


1
Anglo Irish Bank
Living in a 1 world
Merrill Lynch Pan European Banking Insurance
Conference
London 9 October 2003
Sean FitzPatrick Chief Executive
2
Anglo Irish Bank
3
Lending
35 CAGR
(bn)
As at March 03
4
Funding
34 CAGR
(bn)
As at March 03
5
Cost/Income Ratio
29.5
70 of incremental revenue flows to profit
6
Profits
(m)
40 CAGR
Market consensus forecast
7
Earnings Per Share Growth
33 CAGR
Unequalled EPS growth
8
What do we do?
9
Focused Business Model
  • Ireland, UK, US
  • Term, secured lending
  • Service sector

Business Lending
  • Ireland, UK, US
  • Funding
  • Corporate Treasury Sales

Treasury
Wealth Management
  • Austria, Ireland, Switzerland UK
  • Private Banking
  • Wealth creation/preservation

10
Not a Universal Bank
  • We dont provide
  • Checking accounts
  • Overdraft / working capital facilities
  • Residential mortgages
  • Personal lending
  • Credit cards

11
Not a Universal Bank
12
Lending Model
1. Cashflow
ASSET QUALITY
3. Recourse
2. Security
13
Essential Ingredients
14
Essential Ingredients
People
Positioning
Ethos
Value creation
Funding
Capital
Centralised Model
Asset Quality
15
People
  • Experienced management wizened bankers
  • Breadth depth seamless succession
  • Rewarded on performance of the Bank
  • Ability to attract and retain key personnel

16
Positioning
  • Service sector
  • Owner driver customer
  • Customer desire to reduce reliance on Clearer

17
Structure
  • Centralised business model
  • Excellent asset quality
  • Highly efficient
  • Consistent client service

Difficult for Universal Bank to replicate
18
The Anglo Ethos
  • Simple, uncomplicated focus
  • Bespoke product offering
  • Service driven
  • Proprietorial culture lending our own money
  • Professional

19
Asset Quality
  • Focus on cashflow
  • contingencies security recourse
  • Clear credit policy
  • Centralised credit committee

20
Asset Quality - Coverage
m
Non performing loans
119
278
Total provisions
233
Coverage
As at March 03
Strong coverage European average 80
21
Asset Quality - UK Loan Securitisation
22
Capital
  • Highly efficient
  • Substantial growth in ordinary equity
  • Tier 1 8.5

23
Shareholders equity
64
24
Funding
  • Lending funded through customer deposits
  • Targeted approach
  • Small/medium corporates service price
  • Retail price flexibility
  • Excellent quality well spread
  • Rating upgrades 2001, 2002 2003
  • Wholesale market used only for liquidity

25
Opportunity
Future
26
Future
  • Continue to follow our Proven Strategy
  • Retain our Centralised Business Model
  • Asset Quality is paramount not sacrificed for
    volume
  • Continue diversification of Funding Base
  • Largely Organic acquisitions only if fit strict
    criteria

27
Future Lending Growth
  • Opportunity to grow
  • Ireland increasing market share
  • UK significant potential to
    leverage off strong franchise
  • Boston brick by brick

28
Future
Profit growth of 1 compound per annum
29
Superior Return to Shareholders
Future
Past
30
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