Post on 24-Mar-2020
transcript
Welcome BDC’s Annual Public Meeting
September 2016
Michael Denham President and CEO
Samuel L. Duboc Chairperson of the Board
Introduction
Board of Directors’ key activities
Overview of operations
Financial results
Introduce BDC
Discuss our 2016 achievements
Present our 2016 financial results
Meeting objectives
Samuel L. Duboc, Chairperson of the Board
Introduction
Board of Directors’ key activities
BDC is the only
bank devoted
exclusively to
entrepreneurs
The Board of Directors
Michael
Calyniuk
Nancy M.
Laird Shahir
Guindi
Prashant
Pathak
Rosemary
Zigrossi
Samuel L.
Duboc
Mary-Alice
Vuicic
Robert
Pitfield
Claude
Mc Master
Michael
Denham Sandra
Bosela
Anne
Whelan
Sue
Fawcett
Eric
Boyko
Brian
Hayward
In memoriam
Edward (Ted)
Gordon
Thank you to our former board members
Welcome to new board members
Sandra
Bosela Nancy M.
Laird
Anne
Whelan
Review of risk
management and
governance practices
Implementation of
strategic initiatives
Support of the
implementation of
government priorites
Appointment of new
President and CEO
Key board activities in Fiscal 2016
Reviewed risk management and governance practices drawing on recommendations from OSFI
Results will be used to strengthen and enhance BDC’s management of risk over the medium term
Review of risk management and governance practices
Implementation of strategic initiatives
Extended BDC reach to connect with more entrepreneurs
Brought together all non-financial services under one line of business – BDC Advisory Services
Developed advisory services for high-impact firms
Modernized our brand identity
Support of shareholder’s priorities
Successfully deployed the Venture Capital Action Plan
Strived to better serve women entrepreneurs
Continued to provide tailored products and services to small and medium-sized businesses that need additional support
Michael Denham President and CEO, BDC
Over 20 years of management experience
A track record of helping businesses succeed
A clear vision for BDC’s future
Appointment of new President and CEO
Michael Denham President and Chief Executive Officer
Overview of operations
Financial results
Leung
BDC offers to entrepreneurs
Advisory services
Financing
Capital
2,100
BDC employees
42,000+
entrepreneurs
110+
BDC business centres
We are where entrepreneurs need us to be
BDC Business Centres BDC Clients
$26B
total portfolio
$4.8B
committed in loans
14,600
transactions made
All-time high loan acceptances
We take pride in the success
of our clients who:
18%
$235.5B
in annual revenues
710,000+
Canadians
Employ Generate Export
in a proportion of
Dave Couture Co-owner Da Vinci Compass
Vincent Tourigny Co-owner Da Vinci Compass
$16.7M 1,900
consulting mandates
Practical advice to help entrepreneurs run their business
Run more profitable business
Accelerate growth
Increase revenues
Expand internationally
Sharon Bond Owner Kekuli Cafe
$16.7M
$2B+
capital under management
Specialized financing and investment solutions
Venture capital for innovative entrepreneurs
Customized financing to support growth and transition projects
Barry Wood Ontario Excavac
INNOVATION Venture Capital Action Plan (VCAP)
$400M
IN FEDERAL GOVERNMENT COMMITMENTS
$350M
TO ESTABLISH OR RECAPITALIZE UP TO FOUR, LARGE-SCALE PRIVATE SECTOR-LED FUNDS OF FUNDS
$50M
IN NEW, HIGH-PERFORMING FUNDS
900M$ New private sector investments
$1.3B
$500M
to support SMEs
impacted by
lower oil prices
Articles and Tools on BDC.ca
4.4M page views ▲50% YoY
Content Engagement
Visits to BDC.ca
3.6M ▲19% YoY
Increasing our digital presence
Insightful knowledge on issues impacting entrepreneurs
Investment intentions of Canadian entrepreneurs (January 2016)
Diversification and financial performance (October 2015)
High-impact firms: Accelerating Canadian competitiveness (May 2015)
For the years ended March 31 ($ in millions)
2016 2015
Financing 441.8 453.4
Growth & Transition Capital 53.7 38.5
Venture Capital 67.4 23.3
BDC Advisory services* (31.6) (24.2)
Securitization 3.0 4.0
Venture Capital Action Plan 3.2 (4.3)
Net income 537.7 490.7
Net income by business segments
94% of entrepreneurs that have dealt with BDC say that they are satisfied or very satisfied with the level of service provided.
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