Leonteq AG · SIX:LEON
Leonteq — Baader Investment Conference 2025
23 slides from Leonteq's conference presentation, Sep 25, 2025
Slide 1: Baader Investment Conference 2025
BAADER INVESTMENT CONFERENCE 2025 BAADER INVESTMENT CONFERENCE 2025 L E O N T EQ C O M PA N Y P R E S E N TAT I O N Munich, 25 September 2025 1
Slide 2: Legal Disclaimer
BAADER INVESTMENT CONFERENCE 2025 LEGAL DISCLAIMER Forward Looking Statements: This presentation contains statements that constitute “forward-looking statements,” including but not limited to management’s outlook for Leonteq’s financial performance, statements relating to the anticipated effect of t
Slide 3: Agenda
BAADER INVESTMENT CONFERENCE 2025 AGENDA 01 02 03 Our business Our strategy Outlook 3
Slide 4: Our Business
BAADER INVESTMENT CONFERENCE 2025 4 BUSINESS OUR
Slide 5: A structured products power-house with fintech DNA and state-of-the-art platform
BAADER INVESTMENT CONFERENCE 2025 A structured products power-house with fintech DNA and state-of-the-art platform Large product universe Unique talent pool • 400+ product variations for linear and • ~20% Sales non-linear payoffs • ~10% Quants, Structurer, Traders • 3,000+ underlyings and 20+ curren
Slide 6: Large distribution network across EMEA, APAC and LATAM (B2B4C business model)
BAADER INVESTMENT CONFERENCE 2025 Large distribution network across EMEA, APAC and LATAM (B2B4C business model) >1,800 >40 clients target markets covered Revenues by region 3% 10% 20% 18% 47% 69% 33% Banks, IAMs, Brokers Switzerland Public distribution Europe (excl. CH) Institutional investors Other
Slide 7: Technology-driven scalability with double-digit growth rates
BAADER INVESTMENT CONFERENCE 2025 Technology-driven scalability with double-digit growth rates Number of issued products Number of client transactions (thousand) (thousand) CAGR: +16% CAGR: +22% 46 264 276 42 37 38 32 207 197 27 28 29 164 172 21 114 14 97 13 62 64 67 8 10 26 40 2012 2013 2014 2015 2
Slide 8: Industry-trend towards lower average ticket sizes and competitive-driven margin development
BAADER INVESTMENT CONFERENCE 2025 Industry-trend towards lower average ticket sizes and competitive-driven margin development Total turnover Margin (CHF billion) (basis points) 29 30 29 27 28 26 23 114 118 21 21 106 101 102 19 19 98 94 84 86 88 90 15 76 70 12 2012 2013 2014 2015 2016 2017 2018 2019
Slide 9: Our Strategy
BAADER INVESTMENT CONFERENCE 2025 9 STRATEGY OUR
Slide 10: ROE – a path to consistent profitability over the next months
BAADER INVESTMENT CONFERENCE 2025 ROE – a path to consistent profitability over the next 24 months Total operating income Profit before taxes We are adjusting our (CHF million) (CHF million) business … CAGR Resize parts of the business that are +7% not profitable and focus on strict cost management
Slide 11: Enhance transparency in half-yearly disclosures
BAADER INVESTMENT CONFERENCE 2025 Enhance transparency in half-yearly disclosures to enable investors and analysts to track our performance The Leonteq Regional view reporting-cube1 • How we manage our distribution capabilities and client franchise in our target markets • Reporting: Revenues by regi
Slide 12: Key drivers and measures to achieve targets – regional view
BAADER INVESTMENT CONFERENCE 2025 Key drivers and measures to achieve targets set over the next 24 months – regional view Total operating income Target markets Growth ambition Key measures and milestones (CHF million) covered avg 2017-2019 111 • New local leadership appointed to drive upselling and
Slide 13: Key drivers and measures to achieve targets – trading book view
BAADER INVESTMENT CONFERENCE 2025 Key drivers and measures to achieve targets set over the next 24 months – trading book view Total operating income Capital intensity Growth ambition Key measures and milestones (CHF million) (indicative only) • Focusing more on thematic baskets Equity hig low hig lo
Slide 14: Key drivers and measures to achieve targets – issuer view
BAADER INVESTMENT CONFERENCE 2025 Key drivers and measures to achieve targets set over the next 24 months – issuer view Turnover Number of Growth ambition Key measures and milestones (CHF billion) issuers avg 2017-2019 10 H1 2024 9 • Targeted management of distribution efforts globally Leonteq avg 2
Slide 15: Outlook
BAADER INVESTMENT CONFERENCE 2025 15 OUTLOOK
Slide 16: Outlook
BAADER INVESTMENT CONFERENCE 2025 Outlook 2025 expected • Financial performance in H1 2025 reflects challenges that have been building up over the past years to be a • Net fee income down 25% to CHF 88.0 million; net trading result of CHF 39.5 million transition year • Underlying profit before taxes
Slide 17: Ambition to return excess capital in H1 2027
BAADER INVESTMENT CONFERENCE 2025 Ambition to return excess capital in H1 2027 Revised capital return policy for the financial Target capital ratio Excess capital year 2025 et seq. • The group targets an ordinary dividend payout ~1% ratio of ~30% of Group net profits (to be paid out in equal install
Slide 18: Appendix
BAADER INVESTMENT CONFERENCE 2025 18 APPENDIX
Slide 19: New enhanced regulatory regime
BAADER INVESTMENT CONFERENCE 2025 New enhanced regulatory regime 01 As a Swiss category 5 non-account holding securities firm, Leonteq was required to hold capital of CHF 20 million until 31 December 2024 02 Effective 1 January 2025, Leonteq is subject to enhanced capital and large exposure requirem
Slide 20: Capital requirements
BAADER INVESTMENT CONFERENCE 2025 Capital requirements (Illustrative) ELIGIBLE CAPITAL = CAPITAL RATIO SSA MARKET RISK RWA FRTB CREDIT RISK RWA RISK WEIGHTED ASSETS (RWA) OPERATIONAL RISK RWA OTHER RWA 20
Slide 21: Market Risk RWA calculation
BAADER INVESTMENT CONFERENCE 2025 Market Risk RWA calculation Under SSA Under FRTB Simplified Standardised Fundamental Review Approach of the Trading Book ✓ SSA must be applied ✓ FRTB must be applied by institutions with by institutions with SSA no complex trading FRTB complex trading activities act
Slide 22: CET1 ratio development based on ROE, SA-FRTB estimates and capital return policy
BAADER INVESTMENT CONFERENCE 2025 CET1 ratio development based on “ROE”, SA-FRTB estimates and capital return policy (as disclosed) 30.06.2025 End 2026 H1 2027 SSA 14.4% 10.2% (reported) (pro-forma) in due course switch to FRTB SA-FRTB ≥14% >15% Ambition to launch (expected) (expected) share buy-bac
Slide 23: Leonteq
ti LEONTEQ