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4Q24 & FY24 Group Results Presentation
"We need to streamline our business so that we can operate faster, with greater clarity, and deliver successfully for all stakeholders. This is an ambition that many aspire to but few really achieve. I believe we will be one of the few exceptions”
Andrea Orcel
Chief Executive Officer of UniCredit S.p.A.
4Q24 & FY24 - Group Results - Infographic (ENG)
Main Title: 4Q24 & FY24 Group Results
Subtitle: Unlocking Acceleration
Same Vision, Purpose, Culture, and evolving Strategy: Ushering in UniCredit's next phase of success
Section 1
Title 1: Marking our best year yet...
Section 1.1
Text: 16th consecutive quarter of profitable growth, beating targets and delivering superior performance in FY24:
9.7bn
Stated Net Profit
12.6bn[1], or 444bps
OCG
17.7%
RoTE
9bn
Total Distributions
Title 2: Marking the beginning of an even brighter era
Section 1.2
Text: We have shifted gears with our growth engine...
● Top Line Growth
24.8bn Gross Revenue
+4.3% (FY/FY)
● Bottom Line Growth
9.7bn Stated Net Profit
+2.2% (FY/FY)
● Per Share Growth (FY/FY)
- +22% EPS
- +33% DPS[2]
- +20% TBVPS[3]
Text: ...which is also a quality and efficiency powerhouse
● Top Line Quality
- NII RoAC 18.8% (+2.1p.p.)
- Fee growth of +7.6% (FY/FY)
- Fees / Revenue[4] 33.3% (+1.1 p.p.)
● Asset Quality
- Solid credit portfolio and low Net NPEr at 1.4%
- Structurally low CoR at 15bps
- High coverage plus c. 1.7bn additional overlays
● Operational Efficiency
- 37.9%
Cost / Income -1.8p.p. (FY/FY)
Section 1.3
All our Regions performed above expectations:
Table:
Region |
Net Profit |
RoAC |
OCG |
ITA |
4.4 bn |
30.8% |
5.5bn |
GER |
1.9 bn |
19.6% |
2.8bn |
AUT |
1.3 bn |
23.8% |
1.5bn |
CEE |
2.2 bn |
29.4% |
1.6bn |
Section 2
Title: Looking ahead: setting and realising even bolder ambitions
Section 2.1
Text: We are committed to consistently surpassing financial targets, exceeding expectations, and deliver differential value across all KPIs, with...
>> STRUCTURAL ADVANTAGES
To deliver distinct, impactful value in a challenging macroeconomic environment.
>> CLEAR MANAGERIAL INITIATIVES
To amplify our structural strengths and accelerate our quality growth.
>> STRATEGIC FLEXIBILITY
To further improve and extend our franchise through M&A.
Section 2.2
Text: ...which will allow us to support yearly distributions greater than those of FY24, o/w cash dividends at 50% of Net Profit[5]:
- Net Profit trending to c.10bn, coupled with RoTE >17% and OCG broadly in line with Net Profit;
- Supported by excess capital vs 12.5%-13% target.
[1] Before considering the impact of strategic investments
[2] Accrued quarterly dividends on outstanding dividend eligible shares at the end of the quarter.
[3] Including FY23 dividend per share paid in April 2024 of €1.80 and the FY24 interim dividend paid in November 2024 of €0.93, or +7% Y/Y without it.
[4] Including dividends from insurance JVs.
[5] Subject to inorganic opportunities and delivery of financial ambitions.
