Hoist Finance Ab · OMXSTO:HOFI
Hoist Finance Ab — Q1 2024 Earnings Presentation
16 slides from Hoist Finance Ab's earnings presentation, May 3, 2024
Slide 1: Q1 2024 Results presentation
Q1 2024 Results presentation ech 03 May 2024 - HoistFinance
Slide 2: Today's presenters
Pf HoistFinance Today's presenters Christian Wallentin CFO & Deputy CEO Harry Vranjes CEO Classification: Public 2
Slide 3: Key highlights Q1
Key highlights Q1 Profit before tax amounted to SEK 284m, compared to SEK 144m for the same quarter last year Return on equity amounted to 19 per cent, compared to 6 per cent same quarter last year Investments in new portfolios at SEK 2.1bn in the first quarter, with an additional SEK 1.0bn closed o
Slide 4: Q1 Financial summary
Q1 Financial summary vs Prior year & Investors Quarter 1 Quarter1 SEKm 2024 2023 Change Interest income 985 799 23% Other interest income 74 42 78% Interest expense -282 -171 65% Net interest income 777 670 16% Other income (incl. impairments) 180 90 >100% Net result from financial transactions 16 6
Slide 5: Portfolio acquisitions
Portfolio acquisitions Pf HoistFinance 2021 2022 2023 2024 SEK 3.5bn SEK 6.9bn SEK 7.1bn SEK 2.1bn : lf : : I : 1 28 25 2.4 » Supportive repricing continuing 241 19 » Steady investment levels continue Ww » Additional SEK 1.0 billion signed to date after quarter close 12 13 11 0.9 0.7 0.7 0.2 QI-21 Q
Slide 6: Operating leverage development - YTD
Operating leverage development - YTD Portfolio Operating Profit bookvalue Income Total Cost before tax SEKbn SEKm m SEKm _ 26.3 973 696 284 633 f 144 Q123 Q1'24 Q123) Q124 QI23. Q124 QI23. Q124 » » » » of HoistFinance Book value growth of 15% Significant operating leverage during the quarter leading
Slide 7: Q1 Asset class mix
Q1 Asset class mix Book value by asset class 29% SEK 26.3bn = Unsecured Secured Book value per market 4%3 8% SEK 26.3bn Q 16% altaly = Poland Spain = Germany Greece France = UK Sweden Other Pf HoistFinance » Repricing in all markets continuing » Vintages 2022-2024 make up 55% of current credit portf
Slide 8: SFSA decision on P2G
12% 10% 8% 6% 4% 2% 0% SFSA decision on P2G 10.54% 0.50% — 3.74% 4.50% Pillar 1 Other requirement Regulatory P26 requirement {as at 31/03/2024) Pillar 1 Otherrequirement J} Regulatoryrequirement J p2c Minimum CET1 Target Minimum CET1 Target Pf HoistFinance » Pillar 2-guidance (P2G) of 0.50 per cent
Slide 9: Capital and liquidity position
Capital and liquidity position Capitalization, % 14.31% 6.07% 154% ceTitargetrange 10.54% 8.24% Regulatory capital Margin above capital CETI-ratio requirement requirement Liquidity reserve, SEKbn 8.9 7.6 7.6 6.8 71 6.4 5.6 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Pf HoistFinance 8.4 7.8 71 Q3-23 Q4
Slide 10: Funding
Funding » Interest rate environment strengthens funding advantage » Funding base stable and increasingly competitive » Deposits 74% of overall funding Distribution of funding 1%2% = Deposits ua = Sr unsecured debt AT1 instruments Subordinated liabilities Notes issued by securitization = Term loan Fu
Slide 11: Strategic attractiveness for SDR
Strategic attractiveness for SDR SDR formally signed by EU parliamentary vote Specialized Debt Restructurer » » » » » » Pf HoistFinance European banking package on track including the establishment of Specialised Debt restructurers Package passed in EU parliamentary vote April 24th Process expected
Slide 12: Q1 key highlights
Q1 key highlights Profit before tax amounted to SEK 284m, compared to SEK 144m for the same quarter last year ae enn soe <n Return on equity amounted to 19 per cent, compared to 6 per cent same quarter last year Investments in new portfolios at SEK 2.1bn in the first quarter, with an additional SEK
Slide 13: Q&A
Slide 14: Appendix
Appendix
Slide 15: Disclaimer
Disclaimer IMPORTANT: The following applies to this document, the oral presentation of the information in this document by Hoist Finance AB (publ) (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the “Inform
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