Evli Plc Class B · OMXHEX:EVLI

Evli Plc Class B — Evli Bank — H1 2017 Earnings Presentation

19 slides from Evli Plc Class B's earnings presentation, Jul 14, 2017

  1. Slide 1: Half Year Financial Report January – June 2017

    Evli Bank Plc Half Year Financial report January – June 2017 Maunu Lehtimäki, CEO Juho Mikola, CFO 14.7.2017

  2. Slide 2: Agenda

    Agenda 1 Highlights 2 Financial Figures 1-6/2017 3 Business Segments 4 Outlook 1

  3. Slide 3: The operating profit almost doubled during the review period

    The operating profit almost doubled during the review period  Evli Group revenues grew 9% to EUR 34.1 million  Evli Group operating profit grew 80% to EUR 9.8 million  Strong performance in Wealth Management and Investor Clients-segment - Assets under management at an all time high of EUR 11.8 bi

  4. Slide 4: Financial Figures

    Financial Figures EVLI

  5. Slide 5: Quarterly Figures Q2/2016 – Q2/2017

    Quarterly Figures Q2/2016 – Q2/2017 Net Revenue Operating Profit (million euros) Net Profit (million euros) and Profit margin (%) (million euros) 3.8 17.9 29.1% 28.6% 3.3 15.9 15.9 16.1 5.2 4.6 12.7 20.8% 18.1% 15.1% 3.3 1.8 1.8 1.8 2.4 2.3 4

  6. Slide 6: Key Figures 2013 – 1-6/2017

    Key Figures 2013 – 1-6/2017 Proportion of Recurring Return on Equity Net Assets Under Management (%) Revenues to Operating Expenses (%) (billion euros) 110% 11.8 100% 0.5 93% 94% 10.6 22.3% 0.5 1.6 83% 9.4 20.2% 79% 1.4 0.4 1.4 7.4 15.2% 6.9 15 % 14.4% 1.0 1.1 11.5% 9.7 8.7 7.6 5.9 6.3 2013 2014 201

  7. Slide 7: Profit and Loss Statement

    Profit and Loss Statement EURm 2017 H1 2016 H1 2016 2015 2014 2013 Net interest 0.5 1.0 1.6 1.4 1.0 0.5 Net commission 30.6 27.2 54.3 57.2 53.1 49.5 Net income from securities trading and FX 3.0 3.1 4.0 5.4 5.2 5.2 Other operating income 0.0 0.0 0.1 0.2 0.4 0.4 NET REVENUE 34.1 31.4 60.0 64.2 59.7 5

  8. Slide 8: Balance sheet

    Balance sheet 30.6. 30.6. 31.12. 30.6. 30.6. 31.12. ASSETS, EURm 2017 2016 2016 LIABILITIES, EURm 2017 2016 2016 Liquid assets 438.9 315.6 203.1 Debt securities eligible for refinancing Liabilities to credit institutions and 31.2 56.3 39.1 with central banks central banks 50.5 22.1 5.5 Liabilities t

  9. Slide 9: Key Ratios and Performance Indicators

    Key Ratios and Performance Indicators Un-audited Audited Strategic KPI 2017 H1 2016 H1 2016 2015 2014 2013 Return on equity (ROE) 22.3% 18.5% 14.3% 20.2% 15.2% 11.5% Return on Equity 22.3% Cost-income ratio 0.71 0.83 0.82 0.79 0.84 0.88 (Target 15%) Core BIS capital adequacy Earnings/Share, diluted

  10. Slide 10: Business Segment

    Business Segment EVLI

  11. Slide 11: Business Segment Profitability

    Business Segment Profitability Net revenue Profit before allocations 26,8 10,7 Wealth Management and Wealth Management and Investor Clients Investor Clients 23,0 6,8 3,8 0,6 Advisory and Corporate Advisory and Corporate Clients Clients 4,7 1,1 3,4 -1,6 Group Operations and Group Operations and Elimi

  12. Slide 12: Wealth Management and Investor Clients

    Wealth Management and Investor Clients  Growth in AUM and number of clients 1-6 1-6 Change 2017 2016 %  Finland's 4th largest Fund Management Net revenue, M€ 26.8 23.0 16% Company. Market share increased to 6.6%  International fund sales developed Operating profit/loss before 10.7 6.8 58% Group a

  13. Slide 13: Assets in mutual funds

    Assets in mutual funds Development of assets in mutual funds, Split of assets in mutual funds Q2/2016-Q2/2017 2013–2017* (EUR billion) (EUR billion) Growth, p.a. 7.5 +19% 7.5 6.5 7.1 0.2 1.5 +27% 6.5 0.2 1.1 5.9 0.2 5.2 5.7 0.2 0.2 4.4 0.9 4.1 5.0 4.7 0.9 4.2 0.7 3.9 3.9 6.0 +18% 5.4 4.3 3.4 3.5 2.1

  14. Slide 14: Advisory and Corporate Clients

    Advisory and Corporate Clients  Corporate Finance lower invoicing, but a 1-6 1-6 Change 2017 2016 % good development in the mandate base Net revenue, M€ 3.8 4.7 -19%  Incentive program management business continued its steady growth Operating profit/loss before Group allocations and 0.6 1.1 -49% b

  15. Slide 15: Group Operations

    Group Operations  Net income growth mainly driven by 1-6 1-6 Change 2017 2016 % strong FX result Net revenue, M€ 3.4 2.9 16%  No major deviations in costs Operating profit/loss before Group allocations and -1.6 -2.5 - bonuses, M€ Operating profit / loss, M€ 2.2 1.9 13% Personnel, at the end of per

  16. Slide 16: Outlook for 2017 updated

    Outlook for 2017 updated EVLI

  17. Slide 17: Outlook for 2017 updated

    Outlook for 2017 updated  Due to significant growth in Assets under management in the Wealth Management and Investor clients business area, the proportion of recurring revenue to operating expenses is expected to exceed the long- term target level of 100%  Performance of the Advisory and Corporate

  18. Slide 18: Thank You!

    THANK YOU! Upcoming events in the investor calendar:  Interim report 1-9/2017 and Investor presentation: October 26, 2017 17

  19. Slide 19: Contact information

    Contact information Evli Bank Plc Investor contacts Aleksanterinkatu 19, 4th floor Juho Mikola, CFO P.O. Box 1081 juho.mikola@evli.com 00101 Helsinki Tel. +358 9 4766 9871 www.evli.com Mikaela Herrala, IR Manager mikaela.herrala@evli.com Tel. +358 9 4766 9823 Evli - Sijoittajan Pankki Evli Bank Plc

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