Coop Pank As · OMXTSE:CPA1T
Coop Pank As — Q1 2020 Earnings Presentation
16 slides from Coop Pank As's earnings presentation, Apr 21, 2020
Slide 1: Coop Pank Group Unaudited results of 21.04.2020
Coop Pank Group Unaudited results of 21.04.2020
Slide 2: Results of Q1 2020 – compared to Q4 2019
Results of Q1 2020 – compared to Q4 2019 Key indicators in quarterly comparison • Revenues +5% • Net interest increased +0.5m€ as loan portfolio Q1 2020 Q4 2019 Quarterly change grew by 44m€ Net operating income ('000 €) 7 117 6 756 +361 +5% • Net service fees 0.15m€ lower due to certain Interest 6
Slide 3: Results of Q1 2020 – compared to Q1 2019
Results of Q1 2020 – compared to Q1 2019 Key indicators in quarterly comparison • Revenues +36% Year on Year • Net interest grew +1.9m€ Q1 2020 Q4 2019 change loan portfolio +153m€ (+44%) Net operating income ('000 €) 7 117 6 756 +1 902 +36% Interest 6 358 5 819 +1 858 +41% Service fee and commissio
Slide 4: Continued growth in business volumes
Continued growth in business volumes Loans Deposits m€ +152.9 +44% m€ +148.4 +37% +43.7 +9% +40.9 +8% 504 507 547 418 460 478 351 381 399 409 Q1 2019 Q2 Q3 Q4 Q1 2020 Q1 2019 Q2 Q3 Q4 Q1 2020 Daily banking clients Operating and net profit '000 +21.7 +45% '000 € +287.0 +24% +5.6 +9% -122.0 -8% 64 69
Slide 5: Increased loan portfolio in all business lines
Increased loan portfolio in all business lines Net loan portfolio • Loan portfolio growth +44m€ (9%) m€, % (+42m€ in Q4 2019) • 6.5% 6.5% 6.5% 6.4% 6.4% Private mortgage loans +20m€ (+11%) • Business loans +16m€ (+10%) Gross interest of portfolio • Leasing +6m€ (+9%) +153 +44% +44 +9% • Consumer loa
Slide 6: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.7% 5.7% 5.7% 5.7% 5.6% 3.7% 3.8% 3.7% 3.7% 3.6% 160 176 156 169 181 201 114 121 140 146 Q1 2019 Q2 Q3 Q4 Q1 2020 Q1 2019 Q2 Q3 Q4 Q1 2020 Gross loan portfolio Gross interest % Gross loan portfolio Gross int
Slide 7: Payment grace periods caused additional loss allowances
Payment grace periods caused additional loss allowances Loans past due and loss allowances in balance sheet • Past due portfolio stays at 7% m€, % • In relation of Coronavirus impact to economy, ca 7% 7% 7% 0.4m€ of additional loss allowances were recognized 6% 5% in the end of Q1 2020 34.6 30.4 • C
Slide 8: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 5% 7% 5% 5% 4% 5% 4% 4% 3% 3% 12.1 7.8 6.7 6.5 6.1 6.1 6.5 6.4 4.8 4.5 7.1 3.3 1.4 6.3 5.9 7.2 5.2 3.5 5.0 5.0 4.3 5.6 3.2 - 1.3 - 1.5 - 1.6 - 1.7 - 1.9 - 0.4 - 0.5 - 0.5 - 0.5 - 0.7 Q1 2019 Q2 Q3 Q4 Q1 2020 Q
Slide 9: Amount of deposits increased, cost remains stable
Amount of deposits increased, cost remains stable Deposits • Deposit growth +41m€ (+8%) (+29m€ in Q4 2019) m€ Total cost of financing 1.1% • Demand deposits grew +14m€ (+9%) as private 1.0% 1.1% 1.0% customers’ deposits increased 1.0% • Term deposits +27m€ (+8%) 1.0% 1.0% • +6m€ from private clients
Slide 10: We are growing client base and market share
We are growing client base and market share Market share and number of bank clients • 5 600 new clients with bank account in Q1 (+7 500 in Q4 2019; +4 600 in Q3 2019) No of customers, thousand; market share % • +5 100 private clients • +500 business clients Market share of deposits 2.7% 2.6% 2.5% 2.
Slide 11: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Liquidity coverage ratio (LCR) m€, % % 1440% 24.3% 21.9% 18.4% 965% 17.2% 17.0% 690% 682% 716% 385 345 311 266 283 84 84 46 52 53 100% Q1 2019 Q2 Q3 Q4 Q1 2020 Q1 2019 Q2 Q3 Q4 Q1 2020 Total eligible capital RWA Capital adequacy ratio LCR R
Slide 12: Awareness of Coop Pank increased
Awareness of Coop Pank increased Brand awareness of Coop Pank Recommendation index in banking sector Recognition of different banking brands Net Promoter Score (NPS) in banking sector 97% Swedbank 42 97% LHV 27 93% SEB 94% 25 68% Coop Pank LHV 62% 24 55% Coop Pank 50% 19 Swedbank 44% 2 Luminor 56% 1
Slide 13: Amount of shareholders has increased
Amount of shareholders has increased Amount of Coop Pank shareholders TOP shareholders No of shareholders Shareholder distribution of Coop Pank as at 31.03.2020 +683 Retail investors +421 Retail investors +2 Institutional investors +1 Institutional investor 11 958 11 273 48 10 851 46 45 Coop Investe
Slide 14: Share price
Share price Coop Pank share price and trading volume by dates Coop Pank share price compared to other banks Share price (€) and trading volume (thousand shares) Share prices indexed to 100 as at 10.12.2019 1.21 140 1.13 123 1.12 120 1.07 1.06 109 1.06 96 100 0.96 88 80 0.93 83 80 554 475 60 70 340 3
Slide 15: Summary: Q1 2020 results
Summary: Q1 2020 results • Loan portfolio increased by 44m€, deposits by 41m€ • 5 600 new clients • Increase of effectiveness: revenues up by 5%, costs down by 4% +5 600 clients • 0.4m€ of additional loan impairments due to payment grace periods • Strong capital position at the beginning of economic
Slide 16: Kerli Lõhmus
Margus Rink Chairman of Board, CEO margus.rink@cooppank.ee Kerli Lõhmus Member of Board, CFO kerli.lohmus@cooppank.ee https://www.cooppank.ee/en/for-investors