Avarda Bank Ab · OMXSTO:AVARDA
Avarda Bank Ab — Q2 2026 Earnings Presentation
24 slides from Avarda Bank Ab's earnings presentation, Jul 10, 2026
Slide 1: Investor Presentation Q2 2026
Slide 2: Track Record Since IPO
Track Record Since IPO 23 Operating Profit CAGR (%) 280 32,000 210 24,000 140 16,000 70 8,000 0 0 Q2'16 Q2'17 Q2'18 Q2'19 Q2'20 Q2'21 Q2'22 Q2'23 Q2'24 Q2'25 Q2'26 Loans to the public Operating profit * Excluding items affecting comparability Q4-18 and Q1-20 Avarda Bank | Investor Presentation Q2 20
Slide 3: Agenda
Agenda Company Presenters About Avarda Group Highlights Business Overview Performance in the Segments Financial Overview Outlook Q&A Reasons to Invest Appendix Joakim Jansson Mikael Meomuttel Group CEO Group CFO Avarda Bank | Investor Presentation Q2 2026 3
Slide 4: A Quarter with Record Growth and Strategic Prioritisation
About Avarda Group A Quarter with Record Growth and Strategic Prioritisation “Avarda's development reflects a series of deliberate strategic decisions. Our business logic is straightforward: relationship-based digital financial services create longer lasting customer relationships and generate highe
Slide 5: KPIs - Drive Profitable and Scalable Growth
About Avarda Group KPIs - Drive Profitable and Scalable Growth April - June 2026 Quality of growth A combination of growth, +20bp effective monetising and risk discipline underpins sustainable 8.9 Risk-adjusted margin, • Ensures credit discipline • Optimises risk vs. return • Stable profitability ov
Slide 6: Key Takeaways
Highlights Key Takeaways “The strong performance was primarily • 6% growth in local currencies Operating Profit +31% YoY (SEK million) driven by high demand in the German during 1 the quarter credit card market, where previous investments in customer acquisition • Operating profit SEK 256 continue t
Slide 7: Progress Towards Financial Targets
Business Overview Progress Towards Financial Targets KPI Q2 2026 performance Financial targets Commentary Loan portfolio 21% SEK 35 bn On course to meet financial target Reported YoY By H2 2027 Return on equity 24.2% Q2’26 >20% Return on equity maintained well above 20% Well above Capital ratio 15.7
Slide 8: Well-Positioned for Scalable Growth
Business Overview Well-Positioned for Scalable Growth Growth in local currencies Loan portfolio growth per segment (SEK million) Avarda Group 21% Year-on-Year 6% Quarter-on-Quarter 28,000 21,000 Growth in local currencies Everyday Finance 38% Year-on-Year 10% Quarter-on-Quarter 14,000 7,000 Growth i
Slide 9: Market Takeaways
Business Overview Market Takeaways Germany Core market; record number of 58 000 Loan portfolio by market 1 new card issuances, scaled-up Consumer Germany Lending operations Norway Austria Strong credit card performance in all Finland aspects Sweden Norway Strong growth in cards and Latvia e-commerce
Slide 10: Everyday Finance
Performance in the Segment Everyday Finance Highlights Share of loan portfolio April - June 2026 +41%1 • The loan portfolio surpassing SEK 17 bn – German and Austrian markets are main drivers 13.0 – Record-high growth in June 65% Transaction volume, SEK billion • 456k app-users in Germany, +28% YoY
Slide 11: Consumer Lending
Performance in the Segment Consumer Lending Share of loan portfolio April - June 2026 -10% Highlights • Strategic decision to limit growth initiatives and 1.2 reallocate resources 35% New lending, SEK billion • Credit offering in Germany moving into its next phase, following a scale-up of sales duri
Slide 12: Stable Risk-Adjusted Margin
Financial Overview Stable Risk-Adjusted Margin Risk adjusted margin +20bp YoY (%) 1,000 • Risk-adjusted income 1 – Stable risk-adjusted margin 2 650 9.0 • Operating income 8.9 8.9 8.9 8.7 300 – Credit cards in Germany is the main driver • Net loan losses -50 – Elevated upfront IFRS 9 provisions -400
Slide 13: Improving Cost Efficiency Supports Scaling
Financial Overview Improving Cost Efficiency Supports Scaling Cost/Income ratio • Operating expenses Q2 2026 vs. Q2 2025, +19% (%) – Positive trend for Everyday Finance YoY • Cost/Income ratio per segment in Q2 2026 45 – Everyday Finance 35% – Consumer Lending 32% 40 35 Q2 2026 vs Q2 2025 Q2 2026 vs
Slide 14: Continued Strong Profit Growth
Financial Overview Continued Strong Profit Growth Operating profit +31% YoY (SEK million) • Operating profit Q2 2026 vs. Q2 2025, +31% – Driven by Everyday Finance segment – Earnings per share, 2.97, +33% 280 • Improved profitability in Q2 2026 220 April - June 2026 April - June 2026 April - June 20
Slide 15: Everyday Finance Driving Profitable Growth
Financial Overview by Segment Everyday Finance Driving Profitable Growth Risk adjusted margin Operating profit (%) (SEK million) • Operating profit Q2 2026 vs. Q2 2025, +44% +44% YoY 200 – Driven by growing operating income • Return on loans to the public, 3.3% (3.1) 150 – Economies of scale – lower
Slide 16: Focus on Margins in Consumer Lending
Financial Overview by Segment Focus on Margins in Consumer Lending Risk adjusted margin Operating profit (%) (SEK million) +11% YoY • Operating profit Q2 2026 vs. Q2 2025, +11% 100 – Higher risk-adjusted margin • Return on loans to the public, 2.8% (2.6%) 80 6.9 – Maintaining strong returns 6.4 6.8
Slide 17: Resilient Funding and Liquidity
Financial Overview Resilient Funding and Liquidity Deposits from the public Liquidity reserve as of 30 June 2026 as of 30 June 2026 (SEK million) (SEK million) • Retail deposits in Europe Fixed-term: 43% 19% of deposits Germany (SEK 18.6 billion) 30000 Netherlands (6.2 billion) Other 1 (SEK 3.5 bill
Slide 18: Comfortable Headroom to Capital Requirements
Financial Overview Comfortable Headroom to Capital Requirements 16.6%1 0.9% • Slightly lower capital ratios 15.7% 14.8%1 T1+T2 in Q2 2026 13.7%1 0.8% Headroom 3,2% T1 14.0% 0.9% • Loan portfolio growth and Headroom 3.3% T1+T2 12.9% weakened Swedish krona Headroom 4.0% T1 10,6% T1 10.6% • Regulatory
Slide 19: Driving the Next Phase of Growth
Outlook Driving the Next Phase of Growth • Avarda – Pan European focus – Strong business momentum despite geopolitical uncertainty • 540’ app-users – Strong demand • Deepening customer relationships, not losing sight on our financial targets • Execution on strategy to reallocate resources towards Ev
Slide 20: Q&A Session
Q&A Session
Slide 21: Investing in Avarda Group
Reasons to Invest Investing in Avarda Group Avarda is a digital provider of financial services to • High-yield lending model with a focus on stable individuals in Europe. With innovation and technology loan losses and robust risk-adjusted margins at the forefront, Avarda is continuously available wi
Slide 22: Financial Calendar and Contact
Financial Calendar and Contact 2026 14 October Interim Report January – September 2026 Investor Relations 20 January Mikael Meomuttel 2027 ir@avarda.com group.avarda.com Year-end Report January – December 2026 22
Slide 23: Appendix
Appendix
Slide 24: Historical Financial Performance
Appendix Historical Financial Performance TSEK Apr-Jun 2026 Apr-Jun 2025 YoY Jan-Jun 2026 Jan-Jun 2025 YoY 2025 Income statement Operating income 896,409 690,104 30% 1,723,216 1,358,599 27% 2,904,504 Operating expenses -310,346 -259,890 19% -602,518 -508,930 18% -1,052,892 Net loan losses -330,123 -