Avarda Bank AB · OMXSTO:AVARDA
Avarda Bank AB — TF Bank — Q1 2019 Earnings Presentation
21 slides from Avarda Bank AB's earnings presentation, 2019
Slide 1: 1st Quarter 2019 Result Presentation
‘IF TFBank 1st Quarter 2019 RESULT PRESENTATION ‘TF TFBank
Slide 2: Highlights January - March 2019
HIGHLIGHTS JANUARY - MARCH 2019 = Record high loan book growth, +14% = Strong operating profit, 64 MSEK, +35% = Signed agreement with Estonia’s largest online retailer Hansapost = New forward flow contracts in several markets = 90.000 new customers | TFBank IF TFBank ;
Slide 3: Consumer Lending
CONSUMER LENDING DIVERSIFIED PORTFOLIO WITH NORDIC BASE At a glance Loan sizes (average) and customer profile . 79 % of the loan portfolio distributed over 7 countries a . Product offering tailored for each market Middle income . Marketed through direct channels, own data base and external partners
Slide 4: Ecommerce Solutions
ECOMMERCE SOLUTIONS NEXT GENERATION PAYMENT SOLUTIONS At a glance . Best-in-class white label checkout solution with CRM functionality for online retailers - Checkout+ . Checkout+ allows retailers to offer payments in all Nordic countries through one single integration . Contract with Estonia's lead
Slide 5: +43% +16% +45% +14% +51% +10%
+43% +16% +45% +14% +51% +10% 5
Slide 6: Growth and Diversification
GROWTH AND DIVERSIFICATION ACCORDING TO PLAN vf? Norwa' Loan book SEK 1,697m (34%) Change 3M'19: +23 % Finland Strong growth Loan book SEK 1,314m (26%) Change 3M'19: +10% Profitability and steady growth Sweden Loan book SEK 668m (13%) Change 3M'19: +1% Focus on profitability Baltics Loan book SEK 95
Slide 7: SEK million SEK million SEK million
176 80 60,0% 60 8,0% 180 172 25,0% 162 160 153 70 66 67 63 50,0% 50 141 61 20,0% 44 140 60 57 6,0% 41 40,0% 40 38 120 17,6% 36 36 17,2% 50 40,3% 40,1% SEK million SEK million 16,7% 15,0% 39,0% 38,6% SEK million 16,3% 38,0% 100 15,6% 40 30,0% 30 4,5% 4,0% 4,3% 4,1% 80 3,9% 3,7% 10,0% 30 60 20,0% 20 2
Slide 8: SEK million
▪ 100 ‒ ‒ 75 +35% 66 ▪ ‒ SEK million 49 50 ‒ 25 ▪ 0 Q1'18 Q1'19 8
Slide 9: SEK million SEK Million
70 +55 +11 +66 C/I: 38% 60 16% 67 70 14,0% 50 11,9% 60 C/I: 30% 12% 11,3% SEK Million 50 40 41 C/I: 63% SEK million 40 30 8% 30 26 20 4% 20 10 10 0 0% 0 Consumer Ecommerce Total Group Consumer Ecommerce Total Group Consumer Ecommerce Total Group Lending Solutions Lending Solutions Lending Solutions
Slide 10: Distribution of deposits and liquidity reserve
7 000 6 000 Distribution of deposits ▪ 5 000 Germany 1 940 ‒ SEK million 24% Sweden 4 000 Germany 33% ‒ 3 000 Norway 1 918 10% ‒ 28% of deposits 33% 2 000 Finland ‒ Sweden 1 362 Norway ▪ 1 000 1 642 Finland ‒ 593 0 Deposits from Liquidity reserve* ‒ the public 10
Slide 11: Capital ratios 31 March 2019
16,3% T1+T2 16,3%% 16,3 14,3% 17,4% 12,3% Headroom 4,0% ▪ T1 14,3 % Headroom 4,1% T1+T2 12,3 12,3 % % Headroom 3,8% T1 10,2 % T1 12,4% 10,2 10,2% % ▪ 12,3% 10,2% CET1 ▪ CET1 8,5% CET1 8,5% CET1 8,5% Capital ratios Headroom to CET1 legal Headroom to T1 legal capital Headroom to T1+T2 legal 31 March 2
Slide 12: Looking Ahead
LOOKING AHEAD = Continue to leverage on the platform in Consumer lending = Margin of new sales are expected to stay stable in the coming quarters easing the downward pressure on total portfolio margin = Underlying credit quality will continue to improve across almost all products and markets = New A
Slide 13: Q&A Session
O&A Session “IF TFBank
Slide 14: Appendix
APPENDIX 14
Slide 15: Corporate Profile
CORPORATE PROFILE Our Products Operating with modern and scalable infrastructure offering our retail customers online consumer loans, deposits and credit cards. For retailers we offer leading ecommerce and brick-and-mortar payment solutions Our DNA We aim to deliver effortless banking to our custome
Slide 16: SEK million
▪ 5 000 700 4 500 600 4 000 ▪ 3 500 500 SEK million 3 000 400 2 500 2 000 300 1 500 200 1 000 100 500 ▪ 0 1991 2000 2009 2018 0 Loan portfolio Operating income 16
Slide 17: Financial Targets
FINANCIAL TARGETS Growth Efficiency Capital structure Dividend policy IF TFBank TF Bank aims to achieve earnings per share of at least 14.50 SEK in 2020 TF Bank aims to achieve a cost/income ratio of below 35% in 2020 All capital ratios shall exceed the legal requirement (including pillar 2) by at l
Slide 18: Board of Directors
Mari Thjømøe Charlotta Björnberg- Tone Bjørnov Chairman of the Board Paul Board member since 2015 since 2018 Board member since Current commitments: Board member since 2017 Chairman: Filmparken AS, Storyline Studios AS, Norsk Film Kostyme AS, 2017 Current commitments: Board member: BB Bank ASA, Curr
Slide 19: Management
Mattias Carlsson Mikael Meomuttel CEO CFO, Deputy CEO and Head of Investor Education: MSc, Engineering Physics, Uppsala University. Relations Current commitments: BB Bank ASA (chairman), Avarda AB Education: MSc, Business/Economics and Finance, University (chairman), Avarda Oy (chairman), Smedslätte
Slide 20: Regional and country heads
▪ Vilma Sool Regional manager Juho Maanpää Head of Finland Juris Pūce Head of Latvia Björn Skytt CIO Baltics Extensive consumer Before joining TF Bank Before joining TF Bank Head of Estonia finance experience in in 2016, worked for in 2010 worked as 10 years of experience Finland within seven years
Slide 21: Contact
“IF TFBank Contact Investor relations Mikael Meomuttel +46 706 26 95 33 [email protected] www.tfbankgroup.com