Patria Bank Sa · BVB:PBK
Patria Bank Sa — FY2023 Earnings Presentation
23 slides from Patria Bank Sa's earnings presentation, April 2024
Slide 1: Continued performance and profitability trend
Continued performance and profitability trend Presentation of 2023 results and 2024 budget Bucharest • April 2024 patriabank.ro
Slide 2: I. Macroeconomic background in brief
I. Macroeconomic background in brief Romanian economy continues to show good performance amid decreasing inflation patriabank.ro
Slide 3: Romanian economy shows good performance against a backdrop of decreasing inflation
Romanian economy shows good performance against a backdrop of decreasing inflation GDP growth Inflation › The GDP level in Q4 2023 was 0.4% lower, in real terms, › 2023 ended with an annual inflation rate of 6.6%, a figure compared to the level recorded in Q3 2023. Compared to Q4 lower than initial
Slide 4: Interest rate and banking environment developments
Interest rate and banking environment developments Interest rates Banking system › The average daily surplus of liquidity in the money market › The rate of non-performing loans in the banking system increased significantly in 2023, reaching RON 44.6 billion in (computed in accordance with the EBA de
Slide 5: II. Patria Bank at 31.12.2023 in brief
II. Patria Bank at 31.12.2023 in brief Consolidating profitability patriabank.ro
Slide 6: Patria Bank 2023 financials at a glance
Patria Bank 2023 financials at a glance FINANCIAL RESULTS AT 31.12.2023 MAIN RATIOS PROFITABILITY PROFITABILITY RATES OF RETURN 31.12.23 31.12.22 Net profit Increase in net profit Return on assets (RoA) 0.6% 0.5% Net profit 9.5 +15% 23.2 million RON Return on equity (RoE) 6.2% 5.9% vs. 31.12.2022 RO
Slide 7: III. Commercial and operational developments
III. Commercial and operational developments The Bank continued to be an active participant in its key target segments – Corporate & SMEs, micro-enterprises and agriculture patriabank.ro
Slide 8: Strategic pillars – 2023 developments
Strategic pillars – 2023 developments Corporate and SME Agriculture (“Agro”) › Focus on mid-market clients and medium-sized projects in › 10% increase in total Agro loan portfolio 2023 › Even though the volume of loans granted for the APIA subsidy › Sale of new loans in the SME segment increased by
Slide 9: Strategic pillars – 2023 vs. 2022 and 2021
Strategic pillars – 2023 vs. 2022 and 2021 New loans production ST1 & ST2 outstanding performing loans portfolio › New loans granted in amount of RON 804 million, of which the › As a result of economic conditions recorded last year, the level of largest share is represented by loans granted to the S
Slide 10: Investments in digitalization of the business model
Investments in digitalization of the business model Advanced online platforms › Patria de oriunde – online onboarding platform for individual clients. The platform allows remote access to banking products including client enrollment, opening of current accounts, current › Patria Online – the Bank’s
Slide 11: Digitalization of services and expansion of product range
Digitalization of services and expansion of product range Client access to online products and services Ongoing projects › Automating the credit flow for APIA BISS loans and automating › Completing the replacement process of current ATMs with a new the procedures for querying database sources used i
Slide 12: IV. Consolidating profitability
IV. Consolidating profitability In 2023 the Bank recorded a positive operational result of RON 55 Million. The net result was RON 23.2 Million, a 15% increase compared to 2022. patriabank.ro
Slide 13: Increasing profitability trend over the past years
Increasing profitability trend over the past years Performance in 2023 Financial performance – trends in the past three years [RON Million] › Net banking income shows a 1.6% increase compared to 2022 based on increase in financial activity and growth of fees and commissions income › The Bank recorde
Slide 14: Balance sheet evolution & main ratios
Balance sheet evolution & main ratios Financial position at 31 Dec 2023 Balance sheet items [RON million] › Total Assets of Patria Bank decreased by 3.0% at 31 RON million 31.12.2022 31.12.2023 December 2023 compared to 31 December 2022 (RON 4,033 million vs. RON 4,157 million) › Liquid assets 1,619
Slide 15: V. 2024 Budget
V. 2024 Budget The Bank’s main short and medium-term objective is increasing profitability through a sustainable business model aimed at conserving capital. For 2024 the Bank estimates an increase in operating result of 19% compared to 2023 and an increase in profit before tax of 37% from RON 30.1 m
Slide 16: 2024 budget
2024 budget Main 2024 budget estimates % 2021 2022 2023 2024F › Gross Loans to Deposits 65 68 70 73 › Gross Loans in Total assets 56 56 54 56 › Return on Assets 0.3 0.5 0.6 0.6 › Return on Equity 2.8 5.9 6.2 6.2 › Cost to Income 76 71 72 70 › Non-performing Exposures 7.9 6.0 5.2 4.8 › Coverage of NP
Slide 17: VI. Patria Bank stocks and bonds - market trends
VI. Patria Bank stocks and bonds - market trends Patria Bank has three securities issues listed on the regulated market of the Bucharest Stock Exchange: the bank's shares, trading with the PBK ticker symbol, and two subordinated bond issues trading with ticker symbols PBK27E and PBK28E. patriabank.r
Slide 18: PBK shares on the Bucharest Stock Exchange
PBK shares on the Bucharest Stock Exchange PBK shares › Patria Bank shares trade on the Premium Tier of the regulated market managed by the Bucharest Stock Exchange with the PBK ticker symbol › ISIN code: ROBACRACNOR6 › Total number of shares outstanding: 3,278,814,376 › Par value: RON 0.10 per shar
Slide 19: PBK bonds on the Bucharest Stock Exchange
PBK bonds on the Bucharest Stock Exchange PBK27E EUR bond issue › Issue Date: 20 September 2019 › Total value: EUR 5.0 Million › Interest rate: 6.50% p.a. (fixed) › Maturity Date: 20 September 2027 › Price at 31 December 2023: 97.80 › % of issue traded from listing until 31 December 2023: 67.7%. PBK
Slide 20: VII. Shareholders and management
VII. Shareholders and management Strong shareholding structure and experienced Management and Board members patriabank.ro
Slide 21: Strong shareholding structure
Strong shareholding structure Selected track record in the financial services sector of investment funds for Emerging Europe Accession Fund which Axxess Capital Partners was an investment advisor › The main shareholder of Patria Bank with a 84.05% holding is EEAF Financial Investment Buyer upon exit
Slide 22: Experienced management and board members
Experienced management and board members Horia Manda Daniela Iliescu Bogdan Merfea BoD Chairman BoD Member BoD member Managing Partner- CFO-Axxess Capital Axxess Capital CEO-Raiffeisen BoD member-BCC BoD member – Bank Kosovo various companies Ex-Senior Selected M&A Ex-ED-Raiffeisen Manager-PwC exper
Slide 23: Investor relations
Investor relations Patria Bank SA Information for shareholders and bondholders › 42 Soseaua Pipera, Sector 2 Bucharest, › https://en.patriabank.ro/investors Romania › Phone: +40 747 045 464 › Email: capital@patriabank.ro Contact persons › Razvan Pasol razvan.pasol@patriabank.ro › Remus Bogdan remus.