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3Q24 & 9M24 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.
3Q24 & 9M24 - Group Results - Infographic
Main Title: 3Q24 & 9M24 Group Results
Subtitle: The Bank for Europe's future
Record third quarter and nine-month results, ushering in a new era of sustainable quality growth
Section 1
Title 1: From 2021 to 2024: A successful transformation... (1)
Section 1.1
Text: Our clients and their communities have driven our focus and development, leading us to excellence:
#1 from #9
Net Revenue / RWA
#1 from #8
ROTE @13%
#1 from #4
Total Distribution (2)
#1 from #5
Cost / Income
#1 from #7
EPS growth
Title 2: ...reaching new heights
Subtitle 2: 15th consecutive quarter of profitable growth and record 3Q and 9M
Section 1.2
Text: Delivering strong results across key metrics...
What we achieved in 9M24 (versus 9M23):
● Net Revenue
Quality growth
○ Net Revenue +5.4%
Fees / Revenue (3) 33.3%
● Cost
Operational excellence
o Cost / Income 36.6% (-2.5p.p.)
Absolute costs -1.2%
● Capital
Capital efficiency
○ Organic Capital Generation 357bps, or 10.1bn
Net Revenue / RWA 8.9%
Section 1.3
Text: ...and Regions:
Table (9M24):
Region / Geography |
RoAC |
Organic Capital Generation |
ITA |
32.6% |
+156bps, 4.4bn
|
GER |
21.7% |
+82bps, 2.3bn
|
CE |
24.0% |
+61bps, 1.7bn
|
EE |
39.3% |
+33bps, 0.9bn
|
Section 1.4
Text: ...built on solid foundations:
9M24 key highlights:
● Capital
○ 16.1% CET1r
● Asset quality
○ 9bps CoR
○ 2.7% NPE ratio
● Liquidity
○ c.140% LCR
○ >125% NSFR
Section 2
Title: 2025 and beyond: A new era of sustainable quality growth
Text: We will continue enhancing our leadership and set new benchmarks through:
>> STRUCTURAL STRENGTHS
Built on diversified geographic, client and business mix, with local countries leveraging Group scale and scope.
>> IDIOSYNCRATIC ACCELERATORS
Fueled by transformative initiatives, superior lines of defense and strategic flexibility.
>> CLEAR QUALITY GROWTH TRAJECTORY
Driven by people delivering alpha, leading to upgraded guidance and ambitions.
(1) RANK VS FY21.
(2) Total 2024 distributions estimated as payout policy expected 2024 Net Profit (FactSet).
(3) Fees and income from Insurance (Dividends from Insurance JVs) as of 9M24.
