BAWAG Group AG · VIE:BG
BAWAG — Shareholder Meeting (March 2023)
8 slides from BAWAG's shareholder meeting presentation, Mar 31, 2023
Slide 1: Annual General Meeting 2023
Annual General Meeting 2023 31 March 2023 March 31, August 2021 2023 | BAWAG | BAWAG Group AG Group AG
Slide 2: Highlights 2022
HIGHLIGHTS 2022 EARNINGS BALANCE SHEET & CAPITAL STRATEGY Adjusted FY 2022 (excluding City of Average customer loans +4% vPY M&A: Signed one acquisition in 2022 in US … Linz): Net profit of €509m, EPS of €5.81, Peak Bancorp (Idaho First Bank), subject to and RoTCE of 18.6% Share buyback of €325m exe
Slide 3: Financial Performance 2022
FINANCIAL PERFORMANCE 2022 2022 2022 P&L | € millions reported adjusted 2021 vPY Balance sheet | € millions 2022 2021 vPY Net interest income 1 021.1 1 021.1 938.3 9% Customer loans 35 763 34 963 2% Net commission income 309.3 309.3 282.1 10% Securities and bonds 6 066 6 330 (4%) Credit institutions
Slide 4: Capital Development
CAPITAL DEVELOPMENT Increase in RWA from business growth with negative OCI impact from widening credit spreads ~+250bps (FY ‘22 gross capital generation) M&A: Portfolio acquisition in Q2 ’22 (consumer loans & bonds) 2.5% (0.6%) 16.9% (0.3%) Proposed dividend to AGM of €3.70 per share (€305m) (1.5%)
Slide 5: Taking Stock Since Our IPO
TAKING STOCK SINCE OUR IPO … Consistent execution and delivery GROWING CORE REVENUES … … WHILE IMPROVING COST BASE HIGH PROFITABLE BUSINESS MODEL Core revenues (in € millions) Operating expenses (in € millions) Pre-provision profit (in € millions) +32% (10%) +43% >12% 529 1 220 1 330 1 010 485 475 ~
Slide 6: Capital Generation and Distribution
CAPITAL GENERATION and DISTRIBUTION A sustainable and balanced return to our shareholders STRONG CAPITAL GENERATION POWER LOWER SHARE COUNT FOLLOWING BUYBACKS Gross capital generation (in bps) Number of shares (in millions) 220bps yearly gross capital generation on Average 220 average since 2017 ~25
Slide 7: Sustainability – Our Key Focus Areas
SUSTAINABILITY – OUR KEY FOCUS AREAS Doing business sustainably is the key to long-term success for all our stakeholders 1 ENVIRONMENT 2 OUR PEOPLE 3 OUR CUSTOMERS AND COMMUNITIES What we We want to reduce our environmental We want to develop our employees, We want to be a sustainable partner for ta
Slide 8: Important Disclaimer
IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG Group, Wiedner Gürtel 11, 1100 Wien. The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation doe