Leonteq Ag · SIX:LEON
Leonteq — Baader Investment Conference 2023
23 slides from Leonteq's conference presentation, Sep 21, 2023
Slide 1: Baader Investment Conference 2023 - Leonteq AG
BAADER INVESTMENT CONFERENCE 2023 LEONTEQ AG MUNICH, 21 SEPTEMBER 2023
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER This presentation of Leonteq AG (the “Company”) serves for information purposes only and does not constitute research. This presentation and all materials, documents and information used therein or distributed in the context of this presentation do not constitute or form part of and
Slide 3: Our Company
ote tS CEONTEQ OUR COMPANY
Slide 4: Leonteq at a Glance
LEONTEQ AT A GLANCE Fintech company headquartered in Zurich, Switzerland Founded in 2007, IPO in 2012, listed at SIX Technology-leading structured products platform Client franchise across Switzerland, Europe and Asia (incl. Middle East) Strong capital position and no goodwill on balance sheet Inves
Slide 5: We Built a Unique Ecosystem for Investment Solutions
WE BUILT A UNIQUE ECOSYSTEM FOR INVESTMENT SOLUTIONS Self Private Regional Universal directed banks banks banks investors sp.leonteq.com Independent asset Institutional managers investors Family offices Digital solutions & Clients & connectivity investors Content, White- product and labelling techno
Slide 6: Our Market
ote tS CEONTEQ OUR MARKET
Slide 7: Global Footprint with 14 Offices Supervised by 14 Regulators across EMEA and APAC
GLOBAL FOOTPRINT WITH 14 OFFICES SUPERVISED BY 14 REGULATORS ACROSS EMEA AND APAC 7
Slide 8: Diversification of Client Franchise and Regions
DIVERSIFICATION OF CLIENT FRANCHISE AND REGIONS Number of active clients Economic revenues by client type Net fee income by region 34% 38% 39% 42% 43% 44% 53% 64% 2% 3% 8% 10% 884 896 890 12% 12% 821 2% 3% 64% 55% 53% 51% 45% 44% 44% 33% H1 2018 H1 2020 H1 2022 H1 2023 H1 2018 H1 2020 H1 2022 H1 202
Slide 9: Our Operations in Switzerland: Total Addressable Market of >CHF 200 Billion
OUR OPERATIONS IN SWITZERLAND: STRONG PRESENCE WITH TOTAL ADDRESSABLE MARKET OF >CHF 200 BILLION (TURNOVER) SSPA1 SIX Swiss Exchange2 Leonteq market share2 (CHF billion, by product category) (CHF billion, by product category) Market share for total listed structured products 58 57 54 56 4 2 51 9 11
Slide 10: Our Products & Platform
ote tS CEONTEQ OUR PRODUCTS & PLATFORM
Slide 11: Extensive Range of Solutions to Manage Portfolios in Different Market Environments
WE ENABLE OUR CLIENTS WITH AN EXTENSIVE RANGE OF SOLUTIONS TO MANAGE PORTFOLIOS IN DIFFERENT MARKET ENVIRONMENTS Clients Offering1 Asset class Asset managers, Equity Equities Wealth managers Indices Exposure to Increased specific exposure thematic or to an Private banks, indices underlying Currencie
Slide 12: LynQs: Leonteq's One-Stop-Shop Providing Clients Digital Access to Structured Products
LYNQS1: LEONTEQ’S ONE-STOP-SHOP PROVIDING CLIENTS DIGITAL ACCESS TO THE WORLD OF STRUCTURED PRODUCTS INVESTMENT IDEAS Latest trends and daily updated investment ideas prepared by Leonteq’s leading structuring team QUOTE Click ’n’ trade tailor-made investment products from more than 10 renowned issue
Slide 13: Solid Activity on the Platform and Improved Diversification across Issuers
SOLID ACTIVITY ON THE PLATFORM AND IMPROVED DIVERSIFICATION ACROSS ISSUERS Number of client transactions Number of issued products Turnover by issuer category +10% CAGR +5% CAGR H1 2018 – H1 2023 H1 2018 – H1 2023 29% 26% 52% 60% 12% 20% 114,480 19,767 105,948 97,874 8% 15,746 16,105 14,531 9% 59% 5
Slide 14: Our Performance
ote tS CEONTEQ OUR PERFORMANCE
Slide 15: Normalised Performance Following 2 Record Years
NORMALISED PERFORMANCE FOLLOWING 2 RECORD YEARS Total operating income (CHF million) Profit before taxes (CHF million) 289 146 206 212 94 81 167 136 146 147 53 125 132 131 48 40 35 104 31 32 25 5 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 2018 2018 2019 2019 2020 2020 2021 202
Slide 16: Cost Increase from Continued Investment in Strategic Initiatives
London COST INCREASE AS A RESULT OF CONTINUED INVESTMENT IN STRATEGIC INITIATIVES AND PERFORMANCE-DRIVEN VARIABLE COMPENSATION Total operating expenses (CHF million) Nearshoring initiative Lisbon, Portugal 143.4 125.2 121.9 95.7 98.7 94.1 • Service centre in Lisbon established in October 2021 to sup
Slide 17: Strong Build-Up of Capital Base
STRONG BUILD-UP OF CAPITAL BASE Shareholders’ equity (CHF million)1 Capital base (CHF million)1,2 870 933 821 874 883 802 769 723 663 648 683 608 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 H1 2023 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 H1 2023 1 at the end of the respective period 2 defined as the agg
Slide 18: Attractive Returns to Shareholders and Refined Capital Return Policy
ATTRACTIVE RETURNS TO SHAREHOLDERS FOR 2022 AND REFINED CAPITAL RETURN POLICY Total distribution per share (CHF)1; Payout ratio (%) REFINED CAPITAL RETURN POLICY 58% • Payout ratio of more than 50% of annual Group net profits • Ambition to pay cash dividend of at least CHF 2.00 every year for 2023 e
Slide 19: Our Growth Strategy 2026
ote tS CEONTEQ OUR GROWTH STRATEGY 2026
Slide 20: Our Growth Strategy 2026
OUR GROWTH STRATEGY 2026 We are executing a Growth Strategy 2026 … measured against clear targets for 2026. based on four dimensions… OFFERING FINANCIAL TARGETS 2026 We are further enlarging and diversifying our offering across products, asset classes and issuers. 450-500 Total operating income (CHF
Slide 21: Our Progress along the Four Strategic Pillars Measured against Clear KPIs
OUR PROGRESS ALONG THE FOUR STRATEGIC PILLARS MEASURED AGAINST CLEAR KPIs DEFINED IN EARLY 2022 Revenues from new growth initiatives Client transactions (in %) (in thousands) Platform Offering ~ ~ 142 53 46 42 114 106 98 74 22 23 59 16 H1 2018 H1 2019 H1 2020 H1 2021 H1 2022 H1 2023 H1 2018 H1 2019
Slide 22: We Continue to Invest in Key Initiatives to Drive Our Growth Strategy 2026
WE CONTINUE TO INVEST IN KEY INITIATIVES TO DRIVE OUR GROWTH STRATEGY 2026 Expansion of product offering Expansion of issuer universe (B2B) Develop automated flow trading platform Key initiatives to drive our Growth Acceleration of digital offering (B2B4C) Strategy 2026 Launch new pension savings of
Slide 23: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS Dominik Ruggli Leonteq AG Head Investor Relations, Investor Relations Communications & Marketing Europaallee 39 | 8004 Zürich | Switzerland +41 58 800 18 55 investorrelations@leonteq.com www.leonteq.com/investors Follow Us Linkedin Twitter Renato Bolliger Facebook Investo