Norion Bank AB · OMXSTO:NORION
Norion Bank AB — Collector — Conference Presentation (January 2020)
10 slides from Norion Bank AB's conference presentation, Jan 21, 2020
Slide 1: Collector, 21 January 2020
collector 21 January 2020
Slide 2: Disclaimer
This presentation does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold withi
Slide 3: Summary
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Slide 4: Extra provisioning of SEK 800m
More prudent assumptions SEK 50m Stage 2 – Private – Cash flow expectations SEK 550m Stage 3 – Private Private – Model parameters SEK 200m Corporate segment Lower market valuations Total extra provisioning of SEK 800m Cor More prudent assumptions within Corporate Credit losses during 2019 if new ass
Slide 5: Historically strong focus on IT and fintech
Historically strong focus on SEK 150m IT and fintech Streamlining of operations Largely neutral P&L effect Negative P&L effect in Q4 and focus on core business expected More prudent approach to Not affecting capital capitalisation adequacy
Slide 6: Profit after tax for full year 2019 expected approximately SEK 0 million
• • • Profit after tax for the full year 2019 expected to amount to approximately SEK 0 million
Slide 7: Fully guaranteed rights issue with strong support from main shareholders
Fully guaranteed rights issue — strong support from main shareholders Preliminary key dates ¢ Fully guaranteed rights issue of SEK 1,000m * Purpose to strengthen the capital adequacy ratios and execute on the strategic roadmap * Completed Q1 2020 * Collector’s largest shareholders including Fastighe
Slide 8: Expected total capital ratio of 15.8% as of December 2019
Expected total capital ratio of 15.8% as of 31 December 2019 adjusted for rights issue — Increase of 1.6 p.p. in relation to Q3 2019 Lower balance sheet risk following extra provisioning Strengthened capital adequacy post execution of rights issue Estimated capital adequacy ratios and requirements B
Slide 9: Streamlining
Streamlining Purpose Streamlining of the Group to increase focus on core business Y Divestment of Swedish third-party debt collection (closed in December 2019) Discontinued residential mortgages offering (YW) Intention to divest Collector Ventures in 2020 Focus going forward v Prudent balance sheet
Slide 10: Collector
collector