Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordea — Shareholder Meeting (April 2005)
10 slides from Nordea Bank Abp's shareholder meeting presentation, Apr 8, 2005
Slide 1: Annual General Meeting 8 April 2005
Lars G Nordström, President and Group CEO Annual General Meeting 8 April 2005
Slide 2: Key words guiding our performance improvements
Key words guiding our performance improvements z Focus – We concentrate on creating value for our customers and shareholders – We concentrate on our strengths and core activities, and we discontinue activities when needed z Speed – We provide a broad set of easily accessible and competitive financia
Slide 3: Nordea's new ambition level
Nordea’s new ambition level 2000-2004 2005-2007 z Nordic vision z Leading positions in all Nordic markets z Pan-Nordic distribution platform z European platform in selected markets and segments z One brand z Revenue growth z One culture z Flat costs z Continue to simplify, unify and consolidate - to
Slide 4: Nordea's new financial targets
Nordea’s new financial targets Key performance indicator 2003 2004 Target Total shareholder return, % #3 #3 In the top quartile of European peer group RoE, % 12.2* 14.5* > 15% in 2005 and > 17% or in line with level of top Nordic peers from 2007 Costs, EURm 3,673 3,484 Same cost level through 2007 a
Slide 5: Nordea's capital structure policy
Nordea’s capital structure policy Capital structure 2003 2004 Policy Dividend payout ratio 48% 40% > 40% of net profit Tier 1 capital ratio 7.3% 7.3% > 6.5% Capital flexibility with excess capital returned to shareholders
Slide 6: Strong results in 2004
Strong results in 2004 z Net profit 2004 up 28% to all-time high EUR 1,914m (EUR 1,490m in 2003) z Operating profit up 26% to EUR 2,284m (EUR 1,812m) z Total income up 1% to EUR 5,720m (EUR 5,639m), up 3% on a comparable basis, despite falling interest rates and competitive market environment z Tota
Slide 7: Total shareholder return (TSR) 2003 and 2004
Total shareholder return (TSR) 2003 and 2004 % Nordea peer group 120 110 100 90 80 70 60 2003 50 40 30 20 10 0 K K K S E O K O D B L K B A R P B S S A N A N E D E O AN A N A Y N AL H MR B C A N P O O AN T S N A B S R N B B L B R S A K B M B B L IO B Z S C E A H R E S T H R O nB N D R N N E S IR D A
Slide 8: Developing Nordea
Developing Nordea Increasing ambition level 2005 Benefiting from the Nordic 2004 Revenue growth vision Continued strict cost Adjusting to management changed Increased focus and speed market 2003 conditions Focus, speed and performance Shaping the Reduction of complexity new reality 2002 Divestment o
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Slide 10: Annual General Meeting in Nordea Bank AB (publ) 2005
Annual General Meeting in Nordea Bank AB (publ) 2005