Aktia Bank Plc Class A · OMXHEX:AKTIA
Aktia Bank Plc Class A — Aktia Pankki — Q1 2025 Earnings Presentation
28 slides from Aktia Bank Plc Class A's earnings presentation, May 7, 2025
Slide 1: Aktia Q1/2025 Results Presentation
ksi Lehtonen, CEO
Slide 2: Q1/2025 Highlights
Akt la Q1/2025 Results Presentation 7/5/25 2 Q1 h ig h | ig hts Comparable operating profit Q1/2025 A%Q1 , * Financial performance as expected in a lower interest rate environment and a turbulent 28.7 15% market. * Comparable operating profit slightly better than in Q4/2024, but lower than in Q1/202
Slide 3: Stable start to the year despite challenging markets
Akt la Q1/2025 Results Presentation 7/5/25 3 Stable start to the year despite challenging markets Comparable operating profit 2021-2025 EUR million 124.7 124.5 120.0 104.8 100.0 874 80.0 Q3 31.5 65.2 60.0 Q2 30.8 40.0 ~ -_ cam 0.0 2021 2022 2023 2024 2025 Restated according to the accounting standar
Slide 4: Trends shaping our operations
TRENDS SHAPING OUR OPERATIONS: Times of unrest Wealth on the move Mind and machine VISION: The leading wealth manager empowered by a strong banking heritage. MISSION: To democratise private banking services and build wealth for our customers and society. The Aktia Experience OUR STRATEGIC PRIORITIES
Slide 5: Strategy acceleration
Aktia Strategy acceleration programme: Strengthening execution to increase operating profit run rate with 10 focused streams to Peesieniis-current business Operanon 7/5/25 5 Business oriented growth initiatives Succeeding in our strategic priorities Other profitability driver Enabling initiatives Bo
Slide 6: Business areas
Aktia Busine areas
Slide 7: Several measures initiated to strengthen our wealth management business
Aktia 1/2025 Results Presentation ‘Asset Management Banking Life Insurance 715/25 7 Several measures initiated to strengthen our wealth management business ° AuM decreased as a result of unfavourable AuM development market developments and changes in EUR billion individual institutional investors’ a
Slide 8: New lending to private customers increased 20% y-o-y
Aktia 1/2025 Results Presentation * The loan book remained approximately at the same level as at year-end, the average margin of the loan book continued to grow, and the quality remained good. * Incorporate banking, the growth in hire purchase and leasing financing remained strong. * The demand for
Slide 9: Stable development of net income from life insurance
Aktia 01/2025 Results Presentation Asset Management Banking Life Insurance 7/5/25 9 Stable development of net income from life insurance ¢ The insurance service result was Net income from life insurance, Q-o-Q relatively stable thanks to a growing EUR million insurance book with profitable risk 10 i
Slide 10: Sustainability-driven success for the leading wealth manager
Aktia 1/2025 Results Presentation 7/5/25 10 Sustainability-driven success for the leading wealth manager = 2025 target achieved Prosperity & Planet People Principles of Governance Share of SFDR Article 8 and 9 classified funds Aktia’s ESG ratings Target: increase the share Target: reach at least ind
Slide 11: Outlook 2025 (unchanged)
Aktia 1/2025 Results Presentation Outlook 2025 (unchanged) 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. (Published: 12 February 2025) The outlook has been prepared based on the following assum
Slide 12: Financial overview
Slide 13: Financial summary
Aktia 1/2025 Results Presentation “115/25, Financial summary Q1/2024 Total operating income 73.5 77.3 5% 78.7 7% Net interest income 35.2 39.1 -10% 38.1 8% Net commission income 30.8 301 2% 32.5 -5% Net income from life insurance 65 77 15% 63 4% Other income 09 04 129% 19 -49% Total operating expens
Slide 14: Net commission income 2% higher than last year
Aktia 01/2025 Results Presentation 7/5/25 Net commission income 2% higher than last year EUR million 35 32.5 304 30.8 30.9 70 30.8 30 TG 19 18 25 + 62 59 67 7A 68 20 35 3.6 26 46 29 5 10 5 0 Q1/2024 02/2024 03/2024 04/2024 Q1/2025 Other Lending Card, payment services and borrowing ™ Asset management
Slide 15: Composition of net interest income
Aktia Q1/2025 Results Presentation 7/5/25 15 Composition of net interest income EUR million 39.1 38.8 n0 36.1 381 35.2 60 10 9.0 bd 7 19 4 13 415 -40 -90 Q1/2024 Q2/2024 03/2024 4/2024 Q1/2025 Lending Deposits ™ Covered bonds Senior financing Liquidity portfolio Liabilities to central banks = Other
Slide 16: Good cost control despite continued investments in IT
Akt la Q1/2025 Results Presentation 7/5/25 16 Good cost control despite continued investments in IT * Comparable personnel costs Comparable operating expenses Q1/2025 vs Q1/2024 increased somewhat mainly EUR million due to an increased FTE, compared to Q1/2024. ¢ IT expenses increased by 16% due to
Slide 17: Credit loss provisions were EUR 2.9 million
Aktia Q1/2025 Results Presentation Credit loss provisions were EUR 2.9 million For the major part, our loan book consists of loans to households supported by residential or real estate collaterals. Credit losses increased slightly, mainly due to impairments in the corporate loan book, reflecting the
Slide 18: Changes in risk-weighted assets
Aktia Q1/2025 Results Presentation 7/5/25 18 Changes in risk-weighted assets Risk-weighted assets (RWA) decreased in Q1, but are expected to increase again in Q3 RWA decreased as a result of the new CRR3 Capital Requirement Regulation. Aktia switches from the F-IRB (Foundation Internal Ratings Based
Slide 19: CET1 ratio increased, but mainly only temporarily
Aktia 01/2025 Results Presentation 7/5/25 19 CET1 ratio increased, but mainly only temporarily CET1 % % 16.0 ° 13.0 14.0 ng 12.0 14 10 10 n3 4 nS 0 6 88 86 86 8.6 10.0 7 7 7 7 7 80 6.0 3 4.0 20 O 0.0 31Mar 2023. = 30 Jun 2023. 30 Sep 2023. 31Dec 2023. © 31Mar2024 30Jun2024 30 Sep 2024 31 Dec 2024 =
Slide 20: Rating & funding activities
Aktia 1/2025 Results Presentation Rating & funding activities * On 26 February 2025, Moody's Investors Service upgraded the long- term outlook on Aktia's credit ratings for short-term and long-term funding from negative to stable. At the same time, Moody's confirmed Aktia’s short-term funding rating
Slide 21: Our long-term financial targets
Aktia 21/2025 Results Presentation 7/5/25 2 Our long-term financial targets >15x >25 bn€ > Bx pa. by 2029 through organic growth V ay be complemented Capital and dividend policy “This figure reflects gross AuM, which includesall AUM for which Aktia receives fee income prom. From Q1/2025 onwards, Akt
Slide 22: Investor Relations contacts
Lf [Xin] a} Building wealth for our customers and society Investor Relations contacts Oscar Taimitarha Director, Investor Relations +358 40 562 2315 oscar.taimitarha@aktia-fi Aktia
Slide 23: \ o
\ o
Slide 24: AuM figures
Aktia Q1/2025 Results Presentation 7/5/25 24 AuM figures Assets under Management EUR billion Mandates Fund Assets Other* Total Gross AuM QoQ Growth QoQ Growth % Total Net AuM 31 Mar 2024 57 89 14 161 0: 0.9% 13.5 30 Jun 2024 57 9.0 15 16.2 0: 07% 13.6 30 Sep 2023 5.8 9.2 15 165 0.3 18% 13.7 31 Dec 2
Slide 25: Sound funding profile
7/5/25 25 Aktia 1/2025 Results Presentation Sound funding profile Capital market Other long-term 5.1% loans 08% Covered bonds 22.0% Total cum | 9,087 deposits . jenior debt 455% EUR million 21.5 % Short term + REPOs 12% Subordinated debts ECB (TLTRO) 11% 28%
Slide 26: Balance sheet total EUR 12,001 million
Aktia Q1/2025 Results Presentation 7/5/25 26 Balance sheet total EUR 12,001 million Total assets EUR million 14,000 11,904 12,000 10,000 8,000 6,000 4,000 2,000 31 Dec 2024 12,001 31 Mar 2025 ™ Lending to the public and public sector entities = Liquidity portfolio Life insurance assets incl. Unit Li
Slide 27: Households account for the majority of lending and deposits
Aktia 21/2025 Results Presentation 7/5/25 27 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 7h 59; 289; 1% 1158; % 7% ™ Households ™ Households Total 7,735 (1,777) EUR million Total 4129
Slide 28: Aktia
Aktia