Avarda Bank AB · OMXSTO:AVARDA
Avarda Bank AB — TF Bank — Shareholder Meeting (May 2020)
22 slides from Avarda Bank AB's shareholder meeting presentation, May 2020
Slide 1: TF Bank AGM May 2020
It TFBank AGM May 2020 ‘TE TEBank
Slide 2: Corporate Profile
CORPORATE PROFILE Our Products Our Geographical footprint Operating with modern and scalable We serve customers in the Nordics and around i infrastructure offering our retail customers the Baltic sea online consumer loans, deposits and credit cards. For retailers we offer leading ecommerce and brick
Slide 3: Highlights January - December 2019
HIGHLIGHTS JANUARY - DECEMBER 2019 = Loan book growth, +46% = Operating profit growth, +26%* = Return on equity, 31% = New and extended agreements within Ecommerce Solutions E i f the credit card operations in 7 xpansion 0 a ee ary i- TFBank = Subordinated Tier 2 bonds of SEK 100 million issued * ex
Slide 4: 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 8 countries . Product offering tailored for each market =» .Marketed through direct channels, own data base and Average loan size on book of SEK
Slide 5: Ecommerce Solutions
ECOMMERCE SOLUTIONS NEXT GENERATION PAYMENT SOLUTIONS At a glance Key metrics . Best-in-class white label checkout solution Share of the : Amount outstanding with CRM functionality for online retailers - Group's loan portfolio SEK 1351 million Checkout+ heckout+ allows retailers to offer payments No
Slide 6: EUR million
▪ ‒ 15,0 ‒ 12,0 ▪ 10,9 ‒ 9,0 ‒ EUR million ▪ 6,0 4,4 ▪ 3,0 ▪ 0,0 Q3'19 Q4'19 ▪ 6
Slide 7: SEK million SEK million SEK million
+48% +6% 7 000 +7% 6 000 +46% 4 858 5 145 6 496 5 000 4 423 6 099 4 010 SEK million 4 000 3 466 6 000 5 625 3 000 5 090 2 000 5 000 4 449 1 000 0 SEK million 4 000 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 3 000 +37% +9% 2 000 1 500 1 351 1 202 1 241 1 200 1 080 983 SEK million 1 000 900 600 0 Q4'18 Q1'19 Q2'19
Slide 8: Growth and Diversification
GROWTH AND DIVERSIFICATION Norway Loan book SEK 2,140m (33%) Change 12M'19: +56% Strong growth for consumer lending Finland Change 12M'19: #7% Focus on profitability and e-commerce E Baltics Loan book SEK 1,358m (21% Change 12M'19: +68% Steady growth and profitability mix of consumer loans and ecomm
Slide 9: Financial Targets
FINANCIAL TARGETS Growth 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 vidend policy Distribute surplus capital relative to the capital target : and the bank's capital planning
Slide 10: SEK million SEK million SEK million
250 25,0% 80 78 60,0% 60 8,0% 71 71 208 67 51 70 66 196 50,0% 50 47 46 200 189 20,0% 44 172 176 60 41 6,0% 40,0% 40 50 SEK million 15,0% SEK million SEK million 150 16,3% 38,6% 38,0% 15,6% 37,6% 37,3% 15,0% 36,5% 14,3% 13,7% 40 30,0% 30 4,0% 3,9% 100 10,0% 3,7% 3,6% 3,5% 30 3,4% 20,0% 20 20 2,0% 50
Slide 11: ▪ +26% ‒ ‒ ▪ ‒ +16% ‒ ▪ 0 Q4'18 Q4'19 12M'18 12M'19
▪ +26% 289 300 ‒ 250 ‒ 230 ▪ 200 ‒ 150 +16% ‒ 100 ▪ 75 65 50 0 Q4'18 Q4'19 12M'18 12M'19 11
Slide 12: +48 MSEK Q4'18 Q4'19
▪ 300 +48 MSEK ‒ 263 250 ‒ 215 ▪ 200 ‒ 150 ‒ +42% 100 79 ▪ 56 ‒ 50 ‒ 0 Q4'18 Q4'19 12M'18 12M'19 12
Slide 13: +11 MSEK Q4'18 Q4'19
▪ ‒ 30 +11 MSEK 26 ‒ 25 ▪ 20 15 ‒ 15 ‒ 10 9 ▪ 5 ‒ 0 Q4'18 Q4'19 12M'18 12M'19 ‒ -5 -4 13
Slide 14: Distribution of deposits
8 000 7 000 Distribution of deposits ▪ 6 000 Germany Sweden ‒ 3 288 SEK million 5 000 17% ‒ Finland 4 000 Germany 46% 6% ‒ ‒ 3 000 26% of deposits Norway 31% ▪ 2 245 2 000 Norway ‒ Sweden 1 000 1 222 1 867 ‒ Finland 442 0 Deposits from Liquidity reserve* ‒ the public 14
Slide 15: Capital ratios
17,2% T1+T2 17,2% 14,1% ▪ Headroom 4,6% 12,5% T1 14,1% Headroom 3,7% Headroom 3,7% T1+T2 12,6% ▪ T1 10,4% T1 10,4% CET1 12,5% ▪ CET1 8,8% CET1 8,8% CET1 8,8% ▪ Capital ratios Headroom to CET1 legal capital Headroom to T1 legal capital Headroom to T1+T2 legal capital 31 December 2019 requirements (in
Slide 16: Why Invest in TF Bank
WHY INVEST IN TF BANK = Resilient business model with more than 30 years of outstanding returns. The mix of consumer loans and payments makes it even stronger xpos ure. : il: TFBank os
Slide 17: Q&A Session
Q&A Session 17
Slide 18: Appendix
APPENDIX 18
Slide 19: 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, Hausmann AS 2017 Current commitments: Board member: BB Bank ASA, Current commitm
Slide 20: 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 21: Regional managers
▪ 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 Finland within seven years in integration manager
Slide 22: Contact
‘IF TFBank Contact Investor relations Mikael Meomuttel +46 706 26 95 33 [email protected] www.tfbankgroup.com