RBS 2012 Annual Report Download - page 339

RBS GROUP 2012
337
Total Shareholder Return performance
The graph below shows the performance of the company over the past five years in terms of TSR compared with that of the companies comprising the
FTSE 100 Index. This index has been selected because it represents a cross-section of leading UK companies. The TSR for FTSE banks for the same
period has been added for comparison. The TSR for the company and the indices have been rebased to 100 for 1 January 2008. The second graph
shows the same performance of the company during 2012.
Total Shareholder Return – one year
RBS shares had a strong start and outperformed the market for the majority of the first half of the year partly due to a continuing reduction in size and
de-risking of non-core helping to re-balance the balance sheet and the announced re-structuring of our investment bank. The Eurozone economies were
in focus throughout the year in terms of concerns over their financial health and stability. Fiscal instability within peripheral Eurozone countries,
particularly Spain and Greece, increased investor concerns on UK and European banks and their exposure to these countries. This impacted the RBS
share price in line with other UK and European peers. Towards the end of the year sentiment on the Eurozone improved, with RBS shares
outperforming the market.
Implementation of the Group’s recovery plan started in January
2009 with the publication of the preliminary 2008 losses. The
share price reached a closing low point of 10.3p per share (103p
per share on a post share consolidation basis) on the news.
From January 2009 to 27 February 2013, the day the Group’s
2012 results announcement was approved, the Group’s share
price has risen 237% which compares to 104% and 55%
respectively for the FTSE banks index and the FTSE 100 index
as a whole.
FTSE Banks
FTSE 100
RBS
0
20
40
60
80
100
120
2009 2010 2011 2012
2008
0
20
40
60
80
100
120
140
160
180
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
RBS
FTSE Banks
FTSE100