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Full-Year 2024 Results 13 February 2025 Investors’ and analysts’ presentation
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2 Full-Year 2024 Results Disclaimer Waiver of liability. While we make every reasonable effort to use reliable information, we make no representation or warranty of any kind that all information contained in this document is accurate or complete. We disclaim all liability or responsibility for any loss, damage or injury that may result directly or indirectly from this information. The information and opinions contained in this document are representative of the situation on the date this document was prepared and may change at any time, particularly as a result of changes in the general market trend, interest rates and exchange rates, and legislative and/or regulatory changes. We have no obligation to update or modify this document. No offer or recommendation. This document was prepared for information purposes only and does not constitute a request for an offer, or an offer to buy or sell, or a personalized investment recommendation. Before you conduct any transaction, we recommend that you contact your advisors to carry out a specific examination of your risk profile and that you seek information about the risks involved. One such source of information is the SwissBanking brochure "Risks Involved in Trading Financial Instruments" (available at BCV offices and on the BCV website: www.bcv.ch/static/pdf/en/risques_particuliers.pdf). In particular, we draw your attention to the fact that prior performance must not be taken as a guarantee of current or future performance. Interests in certain securities and relations with third parties.BCV, its affiliate companies and/or their directors, managers and employees may hold or have held interests or positions in certain securities, which they may buy or sell at any time, or acted or traded as market maker. They may have or have had business relationships with the issuers of certain securities, or provide or have provided them with corporate finance services, capital market services or any other financial services. Distribution restrictions. Certain transactions and/or the distribution of this document may be prohibited or subject to restrictions for persons in jurisdictions other than Switzerland (particularly Germany, the UK, the USA and US persons). The distribution of this document is only authorized to the extent allowed by the applicable law. BCV does not support any American Depositary Receipt (ADR) program and therefore declines all liability in this respect. Trademarks and copyright. The BCV logo and trademark are protected by law. This document is subject to copyright and may not be reproduced unless the reproduction mentions its author, copyright and all the legal information it contains. Prior written authorization from BCV is required to use this document for public or commercial purposes.
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3 Full-Year 2024 Results Agenda Introduction Pascal Kiener, CEO FY 2024 financial results Thomas W. Paulsen, CFO Conclusion Pascal Kiener, CEO
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4 Full-Year 2024 Results Business trends still positive thanks to resilient Swiss and Vaud economies Strong growth in mortgage loans (+8%) in a dynamic real-estate market Revenues stable at CHF 1.16bn in a less favorable interest-rate environment Second-best full-year results in BCV’s history, 1 with operating profit of CHF 515m (–5%) and net profit of CHF 441m (–6%) Proposal to increase the dividend by CHF 0.10 to CHF 4.40 per share Key messages Note (1) Excluding extraordinary items
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Revenues 1.16bn 0% Operating profit 515m -5% Net profit 441m -6% 5 Full-Year 2024 Results CHF (rounded) FY 2024 key figures Total assets 60.6bn +3% AuM 124.2bn +6%
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31 Dec. 2023 31 Dec. 2024 31,780 34,207 +8% 31 Dec. 2023 31 Dec. 2024 13,834 13,705 -1% 31 Dec. 2023 31 Dec. 2024 22,641 23,968 +6% 31 Dec. 2023 31 Dec. 2024 117,296 124,164 +6% 6 Full-Year 2024 Results CHF millions (rounded) Main business trends Mortgage loans Sight deposits 1, 2 AuM3 Other loans Other client deposits 2 Net new money Note (1) Including savings deposits (2) Aggregate change in the sum of the items Sight de posits and Other client deposits: +CHF 1.2bn (+3%) (3) 2023 figures were adjusted to facilitate like-for-like comparis on, following the expansion of the scope of AuM to include all customer deposit accounts 31 Dec. 2023 31 Dec. 2024 6,128 5,959 -3% +998 Individuals & SMEs +2,250 Insitutionals & Large Corporates NNM +3,248
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7 Full-Year 2024 Results Executive BoardBoard of Directors New BoD and EB appointments Anne Maillard has been appointed to the Bank’s Executive Board as head of the Retail Banking Division. She will replace José F. Sierdo, who is retiring Sandra Hauser to be put f o r t ha s n e w B o a r dm e m b e r at the upcoming Annual Shareholders’ Meeting, to succeed Ingrid Deltenre, who will step down
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8 Full-Year 2024 Results • Financial ratings reaffirmed: BCV is one of the best-rated banks in the world without an explicit government guarantee ESG ratings Financial ratings Very solid financial and ESG ratings SD/D CC CCC ‐ CCC CCC+ B ‐ BB + B B ‐ BB BB+ BBB ‐ BBB BBB+ A ‐ AA + A A ‐ AA AA+ AAA C Ca Caa3 Caa2 Caa1 B3 B2 B1 Ba3 Ba2 Ba1 Baa3 Baa2 Baa1 A3 A2 A1 Aa3 Aa2 Aa1 Aaa CCC B BB BBB A AA AAA • MSCI’s second-highest rating • Ethos’ second-highest rating Excl. C B ‐ B+ A‐ A+ • Upgrade from C– to C • BCV now in “Prime” category
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31 Dec. 2023 31 Dec. 2024 10,336 11,009 +7% 31 Dec. 2023 31 Dec. 2024 11,994 12,227 +2% 232 267 FY 2023 FY 2024 +15% 80 111 FY 2023 FY 2024 +38% 9 Full-Year 2024 Results • Strong rise in mortgage loans in a dynamic real- estate market • Continuing cash inflows from customers • Revenues and operating profit up: – Mortgage-lending expansion – Personal-banking transaction activity – Higher internal transfer prices from the Corporate Center reflecting interest rate environment CHF millions (rounded)1 Retail Banking Operating profitRevenues Customer depositsMortgage loans Note (1) 2023 figures were adjusted to facilitate like-for-like comparison
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10 Full-Year 2024 Results • SMEs – Mortgages and loans up 4% (excl. Covid-19 bridge loans) – More than 80% of total Covid-19 bridge loans paid off – Deposits up 3% • Real-estate firms – Mortgages up 14% • Large Corporates – Loans/off-BS commitments up 7% – Seasonal volatility in deposits (up 25%) • Trade Finance – Average business volumes down 10%, reflecting the current geopolitical environment • Credit risk – Vaud economy doing well – Businesses resilient – Limited provisioning needs CHF millions (rounded)1 Corporate Banking Operating profitRevenues Customer depositsLoans/off-balance-sheet commitments Note (1) 2023 figures were adjusted to facilitate like-for-like comparison 31 Dec. 2023 31 Dec. 2024 19,321 20,643 +7% 31 Dec. 2023 31 Dec. 2024 12,028 12,538 +4% 273 280 FY 2023 FY 2024 +2% 162 169 FY 2023 FY 2024 +4%
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11 Full-Year 2024 Results • AuM higher mainly on positive market performance and NNM from institutional clients • Ongoing growth in mortgage lending • Revenues and operating profit up CHF millions (rounded)1 Wealth Management Operating profitRevenues Mortgage loansAuM2 Note (1) 2023 figures were adjusted to facilitate like-for-like comparison (2) 2023 figures were adjusted to facilitate like-for-like comparis on, following the expansion of the scope of AuM to include all customer deposit accounts 31 Dec. 2023 31 Dec. 2024 80,942 88,025 +9% 31 Dec. 2023 31 Dec. 2024 8,313 8,702 +5% 438 460 FY 2023 FY 2024 +5% 205 216 FY 2023 FY 2024 +5%
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12 Full-Year 2024 Results • Forex trading up – forex accounted for more than 60% of overall Trading revenues • Structured product volumes up • Revenues and operating profit up CHF millions (rounded)1 Trading Revenues time series Operating profitRevenues 53 56 58 58 59 2020 2021 2022 2023 2024 +2% Note (1) 2023 figures were adjusted to facilitate like-for-like comparison 58 59 FY 2023 FY 2024 +2% 30 32 FY 2023 FY 2024 +7%
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13 Full-Year 2024 Results Agenda Introduction Pascal Kiener, CEO FY 2024 financial results Thomas W. Paulsen, CFO Conclusion Pascal Kiener, CEO
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14 Full-Year 2024 Results CHF millions (rounded) Income statement FY 2023 FY 2024 Change Total income from ordinary banking operations 1,160 1,155 -5 0% Operating expenses -541 -557 +16 +3% Depreciation & amortization of fixed assets and impairment on equity investments -76 -82 +6 +8% Other provisions and losses -2 -2 0 +19% Operating profit 541 515 -26 -5% Net extraordinary income 2 1 -1 -70% Taxes -74 -75 +1 +1% Net profit 469 441 -28 -6%
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15 Full-Year 2024 Results • As expected, 2024 results were lower than the record 2023 results but nonetheless represent the second- best full-year performance in BCV’s history 1 • Operating profit up by 15% and Net profit up by 13% compared to 2022 • Well above average results from 2018 to 2022Net profit Operating profit CHF millions (rounded) 2024 full-year results in perspective 448 542 515 2022 2023 2024 Average 2018-2022 414 +24% -5% +15% 388 469 441 2022 2023 2024 Average 2018-2022 362 +22% -6% +13% Note (1) Excluding extraordinary items
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16 Full-Year 2024 Results Net interest income (NII) Total income from ordinary banking operations CHF millions (rounded) Total income from banking operations – focus on NII 555 554 -1 597 596 -1 • NII before loan impairment charges/reversals – Down in a less favorable interest rate environment • Loan impairment charges/reversals – Very low, unchanged -42 -7% +0 +162% -42 -7% 20242023 NII before loan impairment charges/reversals Loan impairment charges/reversals Net interest income • Net interest income – Down • Commissions & fees – Up on favorable market conditions and high personal banking transaction volumes • Trading – Up • Other income – Up 190 195 339 370 596 554 2023 2024 Net interest income (NII) Commissions & fees Trading income 1,160 1,155 Other -5 0% -42 -7% +31 +9% +5 +2% +3 +9%3835
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-5 0% -42 -7% +31 +9% +5 +2% +5 +2% -2 -2% +7 +8% -42 -7% -27 -4% 17 Full-Year 2024 Results • Net interest income – Down • Commissions & fees – Up on favorable market conditions and high personal banking transaction volumes • Trading – Up • Other income – Up Impact of balance-sheet management (BSM) on NII and trading Total income from ordinary banking operations CHF millions (rounded) Total income from banking operations – focus on BSM 190 195 339 370 596 554 2023 2024 Net interest income (NII) Commissions & fees Trading income 1,160 1,155 Other • “Economic” net interest income (i.e., NII before BSM + Net income from BSM) down CHF 36m to CHF 649m – NII before BSM down CHF 27m to CHF 627m – Net income from BSM down CHF 9m to CHF 22m • Higher BSM charges for lower Net income from BSM +3 +9%3835 Net income from BSM Trading income before BSM BSM charges 654 627 -58 -74 NII before BSM 596 554 +31 +22 89 96 101 99 Income from BSM 190 195 +16 +28% -9 -30% 20242023 “Economic” net interest income
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18 Full-Year 2024 Results • Personnel costs – Up due to: – Inflation-driven salary increases – Insourcing of IT hosting services – Bank projects, including in cybersecurity and asset management • Other operating expenses – Down, on insourcing of IT hosting • Depreciation & amortization – Up CHF millions (rounded) Operating expenses, depreciation and amortization 76 82 177 170 364 387 2023 2024 Personnel costs Other operating expenses Depreciation & amortization 617 639 +22 +4% +23 +6% -7 -4% +6 +8%
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19 Full-Year 2024 Results • Parent company headcount increase due to: – The third and final IT insourcing phase – Projects to further build out Asset Management – Increased cybersecurity staffing – Hiring facilitated by UBS/CS merger • Piguet Galland headcount up on positive business development Full-time equivalents at period-end Headcount 209 227 1,773 2023 1,863 2024 Subsidiaries Parent company 1,982 2,089 +107 +5% +18 +8% +90 +5%
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20 Full-Year 2024 Results • Cash and equivalents – Decrease in SNB sight deposits • Loans and advances to customers – Down on ongoing Covid-19 loan reimbursements • Mortgage loans – Strong growth in a dynamic real-estate market, driven by low interest rates and population growth • Financial investments – Increase in the liquidity reserve CHF billions (rounded) Assets 2.5 2.6 5.2 6.1 31.8 34.2 6.1 6.0 12.6 10.6 0.7 31 Dec. 2023 1.1 31 Dec. 2024 Cash and equivalents Due from banks and reverse repo agreements Loans and advances to customers Mortgage loans Financial investments Other assets 58.9 60.6 +1.7 +3% -2.0 -16% -0.1 -3% +2.4 +8% +0.9 +17% +0.1 +6% +0.4 +72%
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21 Full-Year 2024 Results • Customer deposits – Up, in all business segments • Bonds and mortgage-backed bonds – Bond and Swiss Pfandbriefe issues • Shareholders’ equity – Continuous increase CHF billions (rounded) Liabilities and equity 2.2 2.4 8.4 9.4 36.5 37.7 7.9 7.2 3.86 31 Dec. 2023 3.93 31 Dec. 2024 Due to banks Customer deposits Bonds and mortgage-backed bonds Other liabilities Shareholders’ equity 58.9 60.6 +1.7 +3% -0.7 -9% +1.2 +3% +1.0 +12% +0.2 +10% +0.07 +2%
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22 Full-Year 2024 Results • AuM up 5.9% to CHF 124.2bn – +CHF 3.6bn market performance (or +3.1% of the AuM) – +CHF 3.2bn net new money (or +2.8% of the AuM) Net new money Assets under management1 CHF billions (rounded) Assets under management 6.8 7.7 110.5 31 Dec. 2023 +3.2 Net new money +3.6 Performance 116.4 31 Dec. 2024 Piguet Galland BCV 117.3 124.2 +5.9% 4.5 5.7 3.0 0.5 3.2 2020 2021 2022 2023 2024 • Net inflows of CHF 3.2bn: – CHF 1.0bn from individuals and Vaud SMEs – CHF 2.2bn from institutionals and large corporates Note (1) The scope of AuM was expanded to include all customer deposit accounts. Excluding this change, this figure was: CHF 112.9bn for 2023 and CHF 119.5bn for 2024.
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23 Full-Year 2024 Results • CET1 ratio down, to 16.8%, vs. requirement of 14.0% based on total capital ratio – Higher business volumes • Leverage ratio down, to 5.5%, vs. requirement of 3.0% Risk-weighted assets and CET1 ratio CHF billions (rounded) Capital ratios 18.4 19.3 19.1 19.4 20.9 3.3 3.3 3.4 3.5 3.5 17.7% 5.8% 17.2% 5.6% 17.6% 5.5% 17.9% 5.6% 16.8% RWAs Common Equity Tier 1 CET1 ratio Leverage ratio FINMA minimum target 5.5% 31 Dec. 2022 31 Dec. 2021 31 Dec. 2020 31 Dec. 2024 31 Dec. 2023 13.0% 14.0%
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13.0 9.1 143.3% 14.0 10.9 129.0% 15.1 11.4 132.1% 12.5 9.6 129.5% 12.9 10.2 127.4% 11.8 9.2 129.0% 24 Full-Year 2024 Results • LCR increased by 1.6 points vs. H1 2024 • Proportional decrease in HQLAs and net cash outflows due to lower volumes in balance-sheet management transactions • Composition of the Bank’s HQLAs: – 59%: cash deposited with the SNB – 41%: mainly Swiss-issued, AAA to AA-rated securities eligible as SNB collateral CHF billions (rounded) Liquidity ratio (LCR) H1 2022 H2 2024 H2 2023 HQLAs1 Net cash outflows1 LCR Note (1) Average of figures at month-end Minimum requirement H1 2024 H2 2022 H1 2023 100%
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37.5 30.9 121.6% 38.5 31.0 124.4% 38.5 31.4 122.6% 38.2 31.8 120.4% 39.5 33.0 119.5% 40.3 34.1 118.3% 25 Full-Year 2024 Results • NSFR decreased by 1.2 points from 30 June 2024, with higher required stable funding (RSF), mainly due to: – Increase in loans and mortgages – Increase in Available stable funding (ASF) at slightly lower pace CHF billions (rounded) Net Stable Funding Ratio (NSFR) 30 Jun. 2022 31 Dec. 2024 31 Dec. 2023 Note (1) Figures at month-end Minimum requirement 30 Jun. 2024 31 Dec. 2022 30 Jun. 2023 100% Available stable funding (ASF)1 Required stable funding (RSF)1 NSFR
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26 Full-Year 2024 Results • Proposal at 2025 AGM: increase the ordinary dividend by CHF 0.10, to CHF 4.40 per share – Total payout: CHF 379m – 86% of 2024 net profit • If approved by the AGM, the dividend will be paid according to the following schedule: – Ex-date: 12 May 2025 – Record date: 13 May 2025 – Payment date: 14 May 2025 CHF per share 2024 dividend (paid in 2025) 3.00 3.10 3.20 3.20 3.20 3.20 3.20 3.30 3.30 3.30 3.50 3.60 3.60 3.70 3.80 4.30 4.40 Distribution range 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total payout (in CHF millions) 258 267 275 275 275 275 275 284 284 284 301 310 310 318 327 370 379 As % of net profit 72% 89% 88% 91% 88% 98% 93% 84% 92% 89% 86% 85% 94% 84% 84% 79% 86%
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27 Full-Year 2024 Results Agenda Introduction Pascal Kiener, CEO FY 2024 financial results Thomas W. Paulsen, CFO Conclusion Pascal Kiener, CEO
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28 Full-Year 2024 Results • Swiss and Vaud economies resilient despite sluggish macro trends among Switzerland’s main trading partners • Swiss GDP growth should hold steady over the coming years: – Steady population growth underpinned by robust immigration – Low unemployment rate (2.4% on average in Switzerland; 3.9% in Vaud) – Inflation rate back within SNB’s target range In % Swiss and Vaud GDP growth Note (1) Source: Switzerland’s State Secretariat for Economic Affairs (SECO) (2) Source: Commission Conjoncture vaudoise -2.2 5.3 2.9 1.2 0.91.1 -3.2 6.1 1.4 1.2 1.9 1.0 2.0 3.0 4.0 -4.0 -3.0 6.0 -2.0 7.0 -1.0 5.0 2020 2021 2022 2023 2024e 2025e 1.5 2.7 2026e2019 Swiss GDP1 Vaud GDP2 Estimate at January 2025 1.71.81.5
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29 Full-Year 2024 Results • Pick-up in Vaud real-estate transaction prices: – Up 3.2% on apartments – Up 3.3% on single-family homes • Prices supported by relatively low interest rates, strong demand driven by immigration, and a scarce supply of real estate Vacant housing in Vaud Transaction prices in Vaud (Basis 100 in Dec. 2014) Real estate in Vaud • For the third consecutive year, the vacancy rate has ticked lower • BCV’s mortgage policy remains unchanged: – Focused on loan quality instead of volume growth – Targets areas with low vacancy rates Note Source: Wüest Partner, Statistique Vaud 90 100 110 120 130 140 +3,2% +3,3% Apartments Single homes 1,000 2,000 3,000 4,000 5,000 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0.96% 2024 Vacancy rate Total housing for rent Total housing for sale 20242014 2015 2016 2017 2018 2019 2020 2021 2022 2023
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30 Annexes Full-Year 2024 Results
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31 Full-Year 2024 Results CHF millions (rounded) Income statement FY 2024 FY 2023 Abs. change Change as % Interest and discount income 968.8 936.0 +32.8 +3 Interest and dividend income from financial investments 50.7 36.7 +14.0 +38 Interest expense -464.5 -376.0 +88.4 +24 Net interest income before loan impairment charges/reversals 555.0 596.7 -41.7 -7 Loan impairment charges/reversals -1.4 -0.5 +0.9 +162 Net interest income after loan impairment charges/reversals (NII) 553.6 596.1 -42.6 -7 Fees and commissions on securities and investment transactions 318.0 288.4 +29.6 +10 Fees and commissions on lending operations 31.4 30.5 +0.9 +3 Fees and commissions on other services 85.8 79.3 +6.4 +8 Fee and commission expense -65.7 -59.1 +6.6 +11 Net fee and commission income 369.5 339.1 +30.4 +9 Trading income on fixed-income instruments and equity securities 25.2 27.9 -2.7 -10 Trading income on foreign currencies, banknotes, and precious metals 177.8 169.8 +8.1 +5 Trading fee and commission expense -8.2 -7.6 +0.7 +9 Net trading income and fair-value adjustments 194.8 190.1 +4.7 +2 Gains/losses on disposals of financial investments 3.0 0.5 +2.6 +541 Income from equity investments 7.0 6.8 +0.2 +3 Real-estate income 3.5 5.0 -1.5 -30 Miscellaneous ordinary income 24.6 23.4 +1.2 +5 Miscellaneous ordinary expenses -0.4 -1.0 -0.6 -61 Other ordinary income 37.7 34.6 +3.0 +9 Total income from ordinary banking operations 1,155.5 1,160.0 -4.5 0 Personnel costs -386.9 -364.1 +22.7 +6 Other operating expenses -169.8 -176.6 -6.8 -4 Operating expenses -556.7 -540.8 +15.9 +3 Depreciation and amortization of fixed assets and impairment on equity investments -81.9 -76.1 +5.8 +8 Other provisions and losses -2.0 -1.7 +0.3 +19 Operating profit 515.0 541.5 -26.5 -5 Extraordinary income 0.6 1.9 -1.3 -70 Extraordinary expenses -0.0 -0.0 0 n/a Taxes -74.9 -74.2 +0.8 +1 Net profit 440.6 469.2 -28.6 -6 Minority interests -0.0 -0.0 0 n/a Net profit attributable to BCV shareholders 440.6 469.2 -28.6 -6
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32 Full-Year 2024 Results CHF millions (rounded) Balance sheet 31 Dec. 2024 31 Dec. 2023 Abs. change Change as % Cash and cash equivalents 10,614 12,602 -1,988 -16 Due from banks 1,139 662 +477 +72 Reverse repurchase agreements 000 n / a Loans and advances to customers 5,959 6,128 -170 -3 Mortgage loans 34,207 31,780 +2,427 +8 Trading portfolio assets 317 229 +88 +38 Positive mark-to-market values of derivative financial instruments 510 719 -209 -29 Other financial assets at fair value 1,131 934 +196 +21 Financial investments 6,065 5,196 +868 +17 Accrued income and prepaid expenses 113 122 -9 -7 Non-consolidated holdings 87 87 0 0 Tangible fixed assets 379 381 -2 -1 Intangible assets 000 n / a Other assets 111 30 +81 +274 Assets 60,629 58,870 +1,759 +3 Due to banks 5,941 5,953 -12 0 Repurchase agreements 1,253 1,977 -725 -37 Customer deposits 37,672 36,475 +1,197 +3 Trading portfolio liabilities 1 2 -1 -31 Negative mark-to-market values of derivative financial instruments 517 426 +91 +21 Other financial liabilities at fair value 1,564 1,132 +432 +38 Medium-term notes 4 2 +2 +101 Bonds and mortgage-backed bonds 9,444 8,443 +1,001 +12 Accrued expenses and deferred income 215 182 +33 +18 Other liabilities 80 400 -321 -80 Provisions 12 22 -10 -44 Liabilities 56,703 55,015 +1,688 +3 Reserves for general banking risks 666 666 0 0 Share capital 86 86 0 0 Capital reserve 35 35 0 0 Retained earnings 2,714 2,615 +99 +4 Currency translation reserve -2 -2 0 +2 Own shares -13 -14 +1 +7 Minority interests in equity 000 n / a Net profit 441 469 -29 -6 of which minority interests 000 n / a Shareholders’ equity 3,927 3,855 +72 +2 Total liabilities and shareholders’ equity 60,629 58,870 +1,759 +3
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33 Full-Year 2024 Results Key performance indicators Note (1) Ratios are calculated in accordance with FINMA Circular 2016/1, “Disclosure – banks” 2020 2021 2022 2023 2024 Impaired loans/ credit exposure 0.5% 0.4% 0.4% 0.3% 0.3% Customer deposits/ loans to customers 105% 107% 105% 96% 94% Liquidity Coverage Ratio (LCR) 136% 157% 129% 129% 129% Interest margin 0.94% 0.86% 0.79% 1.01% 0.91% Cost/income (excl. goodwill amortization) 58.7% 56.7% 56.6% 53.2% 55:2% ROE (net profit/average equity) 9.3% 10.7% 10.7% 12.5% 11.5% CET1 ratio1 17.7% 17.2% 17.6% 17.9% 16.8% Leverage ratio 5.8% 5.6% 5.5% 5.6% 5.6% Asset quality and balance sheet structure Capital Productivity Financial performance
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34 Full-Year 2024 Results Stock price (CHF)Per share (CHF) BCV share 4.3 5.0 5.2 6.3 6.0 3.8 4.4 4.5 5.5 5.1 20201 2021 2022 2023 2024 Operating profit EPS 0 90 100 110 120 83.50 BCV SPI Index (rebased) 1 Jan. 2024 31 Dec. 2024 30 Jun. 2024 31 Dec. 2020 31 Dec. 2021 31 Dec. 2022 31 Dec. 2023 31 Dec. 2024 Number of issued shares 86,061,900 86,061,900 86,061,900 86,061,900 86,061,900 Market capitalization (CHF billions) 8.29 6.09 7.64 9.34 7.19 High / low prices YTD 101.40 / 67.50 101.60 / 67.30 98.80 / 70.70 108.50 / 81.20 112.50 / 79.15 Key figures Note (1) 2020 figures have been restated post 10-for -1 stock split of the BCV share on 28 May 2020
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Full-Year 2024 Results Calendar 35 8 April 2025 Publication of the 2024 Annual and Sustainability reports 8 May 2025 Annual Shareholders’ Meeting in Lausanne 13 February 2025 Full-year 2024 results 12 May 2025 Ex-dividend date1 14 May 2025 Dividend payment 1 21 August 2025 Half-year 2025 results 13 May 2025 Dividend record date1 Note (1) Total amount distributed to shareholders in the form of an ordinary dividend of CHF 4.40 per share, subject to approval at the Annual Shareholders’ Meeting