Liechtensteinische Landesbank Ag · SIX:LLBN
Liechtensteinische Landesbank — FY2020 Earnings Presentation
33 slides from Liechtensteinische Landesbank's earnings presentation, Mar 11, 2021
Slide 1: 2020 Annual Business Result
2020 Annual Business Result Media and analyst conference of the LLB Group 11 March 2020 1
Slide 2: Agenda
Agenda Introduction Gabriela Nagel-Jungo, Vice Chairwoman BoD Financial result Christoph Reich, Group CFO StepUp2020 strategy and outlook Gabriel Brenna, Group CEO Q&A 2 2020 annual business result
Slide 3: LLB – a resilient partner in the crisis
LLB – a resilient partner in the crisis Clients Shareholders Employees Regional economy LLB stands for stability Sustainable attractive Attractive employer Provision and and security dividend policy payment of Covid-19 loans 3 2020 annual business result
Slide 4: Online 2020 annual report
Online 2020 annual report 4 2020 annual business result
Slide 5: Proposals for election to the Board of Directors
Proposals for election to the Board of Directors Georg Wohlwend Richard Senti Thomas Russenberger Chairman Member Member 5 2020 annual business result
Slide 6: Sustainable attractive dividend policy
Sustainable attractive dividend policy Dividend yield 4.5 % 4.2% 4.0% 3.3% 3.5% 4.2% 2.2 2.20 2.20* 2.10 2.00 1.70 1.60 1.2 2015 2016 2017 2018 2019 2020 Dividend per share in CHF * Proposal of the Board of Directors to the General Meeting of Shareholders of 7 May 2021 6 2020 annual business result
Slide 7: Gabriel Brenna – New CEO of the LLB Group
Gabriel Brenna – New CEO of the LLB Group Gabriel Brenna Strong leadership Member of the LLB Group Previously eight years with Group CEO executive from within Executive Management the business consultants, our own ranks for last nine years McKinsey & Company in Zurich and London 7 2020 annual busine
Slide 8: Financial result
Financial result 8 2020 annual business result
Slide 9: Group business result at a glance
Group business result at a glance Tier 1 ratio Assets under management 21.6 % (+2.0 pp) Group net profit CHF 79.7 billion (+4.4 %) CHF 109.8 million Cost/income ratio (-11.0 %) Client loans 69.8 % CHF 13.2 billion (-0.2 pp) (+2.1 %) 9 2020 annual business result
Slide 10: Diversified earnings structure
Diversified earnings structure Operating income (in CHF millions) -7.0 2.8 -3.0 -15.2 452.7 445.7 445.7 445.5 430.3 430.3 2019 Fee & comms. & trading Interest business Market effects * Expected credit losses & 2020 business others** * Contains valuation of interest rate swaps measured on reporting d
Slide 11: Operating expenses reduced
Operating expenses reduced Operating expenses (in CHF millions) -11.8 6.8 0.3 311.3 306.3 306.7 299.5 299.5 2019 Personnel expenses Gen. & admin. expenses Depreciation 2020 11 2020 annual business result
Slide 12: Increased interest business with clients
Increased interest business with clients Interest income before credit loss expense (in CHF millions) 158.0 154.1 151.3 155.1 148.8 156.1 2.8 2.5 -1.7 2018 2019 2020 Other interest business Interest business clients 12 2020 annual business result
Slide 13: Increased client trading activity
Increased client trading activity Net trading income (in CHF millions) 84.3 78.9 73.8 13.5 11.1 9.4 67.8 70.8 64.4 2018 2019 2020 Client trading / Treasury Interest rate swaps 13 2020 annual business result
Slide 14: Higher dividend earnings
Higher dividend earnings Income from financial investments (in CHF millions) -19.4 4.0 -0.6 1.5 2.5 2.4 0.9 -2.9 -20.3 2018 2019 2020 Price gains Dividends 14 2020 annual business result
Slide 15: Continuing growth of mortgage loans
Continuing growth of mortgage loans Loans to clients (in CHF billions) 12.9 13.0 13.2 1.7 1.5 1.7 11.1 11.3 11.7 31.12.2018 31.12.2019 31.12.2020 Mortgage loans Other client loans 15 2020 annual business result
Slide 16: Further net new money inflows
Further net new money inflows Development of client assets under management (in CHF millions) 3'274 - 1'893 1'958 76'322 79'662 77'704 77'704 76'322 31.12.2019 Net new money Currency effect Market performance 31.12.2020 16 2020 annual business result
Slide 17: Financial strength and stability
Financial strength and stability in CHF billions 31.12.2018 31.12.2019 31.12.2020 Balance sheet total 22.9 22.7 23.6 Risk-weighted assets 8.2 8.4 7.9 Common equity tier 1 (CET1) 1.6 1.6 1.7 in % Tier 1 ratio / CET1 ratio 19.0 19.6 21.6 LCR - liquidity coverage ratio 148 157 149 Leverage ratio 6.7 7.
Slide 18: Three high-performing market divisions
Three high-performing market divisions Retail and Private Banking Institutional Corporate Clients Banking Business volumes (in CHF billions) 20.8 19.3 52.8 Net new money (in CHF millions) +745 +616 +1'916 Growth of client loans (in CHF millions) +253 +4 -24 Gross margin (in bps) 67 65 26 Profit befo
Slide 19: Conclusion
Conclusion 1 Profitability ◆ Solid business result in Corona year ◆ Diversified earnings structure ◆ Stable cost/income ratio 2 Growth ◆ Broadly-based growth ◆ Net new money inflows confirm positive trend ◆ Continuing growth of mortgage loans 3 Stability and security ◆ Tier 1 ratio of 21.6 per cent
Slide 20: StepUp2020 strategy
StepUp2020 strategy Growth Profitability Innovation Excellence 20 2020 annual business result
Slide 21: Record value for business volume
Record value for business volume Growth Profitability Innovation Excellence Business volume (client assets and client loans in CHF billions) 92.9 89.3 80.1 62.3 56.6 58.0 31.12.2015 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 21 2020 annual business result
Slide 22: Inflows at all market divisions
Inflows at all market divisions Growth Profitability Innovation Excellence Development of net new money (in CHF millions) 4'142 3'274 1'278 470 -206 -65 2015 2016 2017 2018 2019 2020 22 2020 annual business result
Slide 23: Higher profitability thanks to innovative products
Higher profitability thanks to innovative products Growth Profitability Innovation Excellence LLB Invest (in CHF billions) 15.6 13.1 6.8 10.5 4.4 2.6 7.9 6.9 0.7 6.4 0.4 8.0 8.7 8.8 6.4 6.5 7.2 31.12.2015 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 Asset management mandates Investment adv
Slide 24: New digital offers
New digital offers WachstGrowthGroo ooGooooGrowth Profitability Innovation Excellence • Further expansion in Online and Mobile Banking • Intermediary cockpit • LiPay 24 2020 annual business result
Slide 25: Practising sustainability since 1861
Practising sustainability since 1861 WachstGrowGrowt h Profitability Innovation Excellence • Sustainability is an integral part of the self-image of the LLB Group • Member of the UN initiative for sustainable investment (UN PRI) • Orientation of the product range to consider sustainability 25 2020 a
Slide 26: Excellent products and advisory services
Excellent products and advisory services Wachstum WachstGrowth InnovationProfitability Innovation Innovation Excellence Excellent advisory quality Excellent investment products Excellent client advisers • Top assessment by Fuchsbriefe • Quantitative investment concept • Certification of all client a
Slide 27: Attractive employer
Attractive employer Wachstum WachstGrowth InnovationProfitability Innovation Innovation Excellence Swiss Employer Award 2020 Label Friendly Work Space Bank Linth and LLB AG among top 10 First bank in Liechtenstein with quality label employers for healthcare management at the workplace 27 2020 annual
Slide 28: Financial goals StepUp2020
Financial goals StepUp2020 Target Result Business volume > CHF 70 billion CHF 92.9 billion Tier 1 ratio > 14 per cent 21.6 per cent Cumulative business result > CHF 500 Mio. CHF 533 million Cost/Income ratio < 65 per cent 69.8 per cent 28 2020 annual business result
Slide 29: Outlook 2021
Outlook 2021 29 2020 annual business result
Slide 30: Priorities 2021
Priorities 2021 Sustainable, profitable Expansion of sustainable Formulation of new growth and strict cost product range corporate strategy management 30 2020 annual business result
Slide 31: Q&A
Q&A 31 2020 annual business result
Slide 32: Contact and financial calendar
Contact and financial calendar Contact Financial calendar Liechtensteinische Landesbank AG 29th Annual General Meeting of Shareholders Dr. Cyrill Sele Friday, 7 May 2021 Head Group Corporate Communications & Sustainability Ex-dividend date Städtle 44 11 May 2021 9490 Vaduz Liechtenstein Dividend pay
Slide 33: Thank you
33 Thank you 33 2020 annual business result
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