Aktia Bank Plc Class A · OMXHEX:AKTIA
Aktia Bank Plc Class A — Aktia Pankki — Q4 2024 Earnings Presentation
32 slides from Aktia Bank Plc Class A's earnings presentation, Feb 12, 2024
Slide 1: Q4 Results
12 FEBRUARY 2025 Q4 Results Aleksi Lehtonen, CEO Sakari Jarvela, CFO Aktia
Slide 2: Q4 highlights
Aktia 4/2024 Results Presentation 12/2/25 2 Q4 h ig h | ig hts Comparable operating profit 4/2024 1412/2024 A% 04 [e) 28.3 1245 11% * Aktia’s customer satisfaction increased most in the comprehensive, 25.6) (104.8) 19% FY independent EPSI survey among investors. Aktia was assessed to have the most a
Slide 3: Stable fourth quarter ends a strong year
Aktia Q4/2024 Results Presentation 12/2/25 3 Stable fourth quarter ends a strong year Comparable operating profit 2020-2024 EUR million 1247 126.5 120.0 104.8 100.0 87.4 Q4.25.6 80.0 65.2 60.0 55.1 esa 40.0 02256 20.0 Q122.6 0.0 2020 2021 2022 2023 2024 Restated according to the accounting standard
Slide 4: Performance 2024 vs financial targets 2025
Aktia Q4/2024 Results Presentation 12/2/25 4 Performance 2024 vs financial targets 2025 Comparable operating profit above EUR 120 million 1-12/2024: EUR 124.5 million 1-12/2023: EUR 104.8 million y Comparable return on equity (ROE) above 12% 31 December 2024: 15.0% 31 December 2023: 13.6% —, Compara
Slide 5: Proposed dividend
Aktia Q4/2024 Results Presentation 12/2/25 5 Proposed dividend Aktia’s dividend and dividend yield € % Dividend policy 890 9.00 Aktia intends to pay out a dividend of 1.00 8.00 approximately 60 per cent of the profit for the reporting period to its shareholders. 7.00 0.80 6.00 060 5.00 Proposed divi
Slide 6: Aktia's Investor Event | Helsinki | February 2025
Aktia Q4/2024 Results Presentation 12/2/25 6 Aktia’s Investor Event | Helsinki | 27 February 2025 Aktia is pleased to invite investors, analysts, and media representatives to an Investor Event in Helsinki on 27 February 2025. Aktia’s CEO Aleksi Lehtonen, together with other members of Aktia’s Execut
Slide 7: Business areas
Aktia Busine areas
Slide 8: Focus on development in asset management
Aktia 04/2024 Results Presentation Asset Management Banking Life Insurance 12/2/25 8 Focus on development in asset management * Net commission income grew 9% compared to the fourth quarter last year, driven by good development in income from mutual funds, asset management and securities brokerage. *
Slide 9: Strong demand for loans and investment products in our core segments
Aktia Q4/2024 Results Presentation Asset Management Banking Life Insurance 12/2/28 9 Strong demand for loans and investment products in our core segments * Aktia's customer satisfaction , Development of the Group’s credit portfolio Q-o-Q increased the most compared to last year out of all the actors
Slide 10: Aktia Life Insurance's result remained stable
Aktia Q4/2024 Results Presentation Asset Management Banking Life Insurance 12/2/25 10 Aktia Life Insurance’s result remained stable Premiums from investment- linked insurances and the total insurance book, EUR 209.9 million, were at their highest level in the history of Aktia Life Insurance. Investm
Slide 11: Sustainability-driven success for the leading wealth manager bank
Aktia 04/2024 Results Presentation Sustainability-driven success for the leading wealth manager bank Prosperity & Planet People 12/2/25 n = 2025 target achieved Principles of Governance Share of SFDR Article 8 and 9 classified funds Target: increase the share Q4/2024 98.1% (outer circle) Q4/2023 95.
Slide 12: Outlook 2025
Aktia 04/2024 Results Presentation Outlook 2025 Aktia’s comparable operating profit for 2025 is expected to be lower than the comparable operating profit for 2024, which amounted to EUR 124.5 million. The outlook has been prepared based on the following assumptions: * Due to the lower interest rate
Slide 13: Slide 13
Slide 14: Financial summary
Aktia 4/2024 Results Presentation 12/2/25 4 Financial summary EUR million Q4/2023 % Q3/2024 /2024 1-12/2023 Total operating income 78.7 74.5 6% 761 4% 308.8 287.4 7% Net interest income 38.1 38.2 0% 361 6% 152.0 140.4 8% Net commission income 32.5 29.8 9% 30.9 5% 124.3 120.4 3% Net income from life
Slide 15: Operating income increased by 6% from last year
Aktia 4/2024 Results Presentation 12/2/25 15 Operating income increased by 6% from last year ¢ Net commission income Comparable operating income, Q-o-Q increased by EUR 2.7 million EUR million from last year thanks to higher income from mutual funds and securities 8 713g 76.7 761 02 787-19 brokerage
Slide 16: Growth in net commission income continued for the fourth consecutive quarter
Aktia Q4/2024 Results Presentation 12/2/25 16 Growth in net commission income continued for the fourth consecutive quarter EUR million 35 oF 32.5 298 30.8 20 30 F 2.0 25 F 6.2 62 Other 20 F 46 Lending 3.2 ™ Card, payment services and borrowing 15 ™ Asset management and securities brokerage ™ Mutual
Slide 17: AuM: net subscriptions and market changes
Aktia 4/2024 Results Presentation 12/2/25 7 AuM: net subscriptions and market changes Total AuM, Q-o-Q EUR million 146 14,308 | 324 14,080 198 14,108 us 43,903 ma || 202 13,982 = a “170 | -147 -527 AUM 12/2023 AUM 3/2024 AUM 6/2024 AUM 9/2024 AUM 12/2024 MiNet subscriptions Ml Market changes
Slide 18: Composition of the Group net interest income
Aktia 04/2024 Results Presentation 12/2/25 18 Composition of the Group net interest income EUR million 38.2 391 38.8 36.1 38.1 N10 F = Lendin: 60 F © Deposits ™ Covered bonds ™ Senior financing 10 + VW Liquidity portfolio 13 HTLTRO loan lm Other (mainly deposits in Bank of Finland) -40 + -90 L Q4/20
Slide 19: Good cost control despite continued investments in IT
Aktia Q4/2024 Results Presentation 12/2/25 19 Good cost control despite continued investments in IT Comparable IT expenses increased by 14% from last year due to continued investments in the functionality of banking systems, the IT infrastructure for asset management, and processes required by regul
Slide 20: Credit loss provisions were EUR 4.3 million
Aktia Q4/2024 Results Presentation Credit loss provisions were EUR 4.3 million For the major part, our loan book consists of loans to households supported by residential or real estate collaterals. Credit loss provisions in Q4 increased compared to last year, mainly due to a provision in the corpora
Slide 21: CET1 ratio continued to strengthen
Aktia 04/2024 Results Presentation 12/2/25 21 CET1 ratio continued to strengthen cETI % % 16.0 9 14.0 108 ma no no ns ns ns ne ro | 20 6 88 8.6 86 10.0 77 77 77 77 77 77 80 6.0 3 4.0 20 O 0.0 31Dec 2022. 31Mar 2023. © 30 Jun 2023. 30 Sep 2023. 31Dec 2023-31 Mar 2024 30 Jun 2024 30Sep 2024 31Dec 2024
Slide 22: IT-related one-off items burden the result in Q4
Aktia 4/2024 Results Presentation 12/2/25 22 IT-related one-off items burden the result in Q4, with no impact on comparable result ¢ Aktia Bank Plc continues to invest in and upgrade its modern core banking system, which was commissioned in 2017. * Inconnection with the system development work, Akti
Slide 23: Funding activities
Aktia Q4/2024 Results Presentation Funding activities The liquidity situation at Aktia remained very strong (LCR 214% at the end of Q4) and hence the funding activities were subdued during the period. In October, Aktia issued a new NOK 400 million private placement transaction. The issue was placed
Slide 24: Welcome to our Investor Event on 27 February 2025
Aktia 04/2024 Results Presentation Welcome to our Investor Event on 27 February 2025 Financial calendar Investor Event 27 February 2025 Annual Report 2024 Cincl. Pillar III Report) 13 March 2025 Annual General Meeting 3 April 2025 Interim Report Jan-Mar 2025 7 May 2025 Half-year Report Jan-Jun 2025
Slide 25: Building wealth for our customers and society
Lf TX} in] a} Building wealth for our customers and society Investor Relations contacts Oscar Taimitarha Director, Investor Relations +358 40 562 2315 oscar.taimitarha@aktia i Aktia
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Slide 27: AuM: net subscriptions and market changes
Aktia Q4/2024 Results Presentation 12/2/25 27 AuM: net subscriptions and market changes Asset Management, Private Banking Q-o-Q Asset Management, Domestic institutions Q-o-Q EUR million EUR million 200 4,606 67 6,416 115 4,549 424,553 - | a 4,506 5 | 150 6,298 || 41-2 6,234 26 4407 i 90 6,150 “147 |
Slide 28: AuM: net subscriptions and market changes
Aktia 04/2024 Results Presentation 12/2/25 28 e e AuM: net subscriptions and market changes e Asset Management, Aktia UI Q-0-Q Asset Management, External channels Q-o-Q EUR million EUR million 11 346 9 336 Hi 32 7 5 317 902 29 913 = a -38 -18 -27 28 796 53 770 o 73 o MO -148 3 AUM AUM AUM ‘AUM AUM A
Slide 29: AuM: net subscriptions and Sound funding profile
Aktia 4/2024 Results Presentation 12/2/25 29 AuM: net subscriptions and Sound funding profile market changes Banking Business, Retail Q-o-Q Capital market 51% “ Other long- EUR million term loans 08% Covered bonds 22.0% 19 as ose G2 28 2,253 geome = 2,251 81 2,132 23, Mal = Total zon i, Ml 9,08 027
Slide 30: Balance sheet total EUR 11,904 million
Aktia Q4/2024 Results Presentation 12/2/25 30 Balance sheet total EUR 11,904 million Total assets EUR million 14,000 12,038 12,000 10,000 8,000 6,000 4,000 2,000 31 Dec 2023 11,904 31 Dec 2024 ™ Lending to the public and public sector entities = Liquidity portfolio Life insurance assets incl. Unit L
Slide 31: Households account for the majority of lending and deposits
Aktia Q4/2024 Results Presentation 12/2/25 31 Households account for the majority of lending and deposits Lending to the public and public sector entities Deposits from the public and public sector entities 77 56; 218; 1,159; % % 8% 979; ™ Households 24% ™ Households 1,461; Total ™ Corporates Total
Slide 32: Aktia
Aktia