Slide 1: Q2 2023 Results Presentation
9 AUGUST 2023 Juha Hammarén, interim CEO Outi Henriksson, CFO
Slide 2: Highlights Q2
Aktia 2 2023 Results Presentation Highlights Q2 ¢ Net interest income grew by 31% to EUR 33.8 (25.8) million. ¢ Net commission income decreased by 4% to EUR 30.4 (31.6) million. * Net income from life insurance amounted to EUR 5.7 (34.9) million. The recalculated comparative figures for 2022 accordi
Slide 3: 2023 Results Presentation
Aktia 2 2023 Results Presentation
Slide 4: Average margin continued to grow
Aktia 2 2023 Results Presentation Banking Asset Management Life Insurance 9/8/23 4 Average margin continued to grow * The net interest income of the loan book Development of credit portfolio Q-o-@ continued its strong growth. EUR million EUR million * The average margin for the entire loan book 700
Slide 5: Stable development of AuM
Aktia Q2 2023 Results Presentation Banking Asset Management Life Insurance 9/8/23 5 Stable development of AuM ¢ The market environment continued to be Assets under Management, excluding custody unstable. EUR million * The equity market in Finland was slow during the 17000.0 15,794 quarter, but the U
Slide 6: Life Insurance business remained solid
Aktia 2 2023 Results Presentation Banking Asset Management Life Insurance 9/8/23 6 Life Insurance business remained solid * Sale of risk life insurance developed Development of the actuarially calculated result Q-o-Q positively. EUR million * — Sale of investment-linked insurances 10.0 94 remained s
Slide 7: Aktia's sustainability in Q2/2023
Aktia Q2 2023 Results Presentation Aktia’s sustainability in Q2/2023 During the second quarter, Aktia took from ambition to action and invested especially in social issues such as employee experience and the well-being of the personnel. This included e.g. a new HR strategy, updated HR related polici
Slide 8: Sustainability-driven success for the leading wealth manager bank
Aktia 2 2023 Results Presentation Sustainability-driven success for the leading wealth manager bank Prosperity Share of SFDR Article 8 and 9 classified funds Target: increase the share %-points SFDR Article People Siqni Flame Index* Target: 80 Q2/2023 Q2/2022 70 71 eNPS** Target 20 Q2/2023 Q2/2022 -
Slide 9: Financial overview
miatelavelts] overview i) Outi Henriksson, CFO.
Slide 10: Implementation of IFRS had a major impact on restated comparative figures
Aktia 2 2023 Results Presentation 9/8/23 Implementation of IFRS 17 had a major impact on restated comparative figures Comparable operating profit 2019-Q2/2023 10 EUR million 130.0 1247 0483 110.0 03311 87.4 90.0 70.0 88.2 65.2 55.1 50.0 30.0 02247 1356 on2ae 10.0 1133 , “100 2019 2020 2021 2022" 202
Slide 11: 11.0 10.4 6% 11.1 -1% 11.0 10.4 6%
11.0 10.4 6% 11.1 -1% 11.0 10.4 6%
Slide 12: Strong growth in net interest income in Q2
Aktia 2 2023 Results Presentation * Comparable operating income was EUR 70.0 (93.7) million. ¢ Net interest income developed very positively, supported by rising interest rates Strong growth in net interest income in Q2 and margin development. * Net commission income decreased from Q2/22, mainly due
Slide 13: Comparable operating expenses at the previous year's level
Aktia Q2 2023 Results Presentation 9/8/23 13 Comparable operating expenses at the previous year’s level * Personnel costs increased by 5%, mainly due to recruitments end of 2022. ¢ IT expenses increased by 20%, driven by outsourcing of IT maintenance services to a joint venture Aktia Duetto end of 2
Slide 14: Adoption of IFRS decreased comparable operating profit
Aktia Q2 2023 Results Presentation 9/8/23 4 Adoption of IFRS 17 decreased comparable operating profit Comparable operating profit 1-6/2023 vs 1-6/2022 EUR million Unrealised value changes and insurance finance result -2.3 Actuarially Other net 85.3 Net calculated income from : let result investments
Slide 15: Composition of the Group net interest income
Aktia Q2 2023 Results Presentation 9/8/23 15 Composition of the Group net interest income EUR million 100 33.8 81 80 318 58 60 242 33 40 23 ™ Other (mainly deposits in Bank of Finland) W BB tg 24.0 0.0 TLTRO loan 20 28, on = Liquidity portfolio ™ Senior financing o 22 86 m Borrowing (incl. Deposits
Slide 16: Net commission income mix
Aktia 2 2023 Results Presentation 9/8/23 16 Net commission income mix EUR million 35 30.4 — 11 04 30 25 20 15 10 Q3/2022 Q4/2022 Q1/2023 Q2/2023 Other Insurance Lending Card, payment services and borrowing = Mutual funds, asset management and securities brokerage
Slide 17: Comparable operating profit improved in Banking Business and in Asset Management
Aktia Q2 2023 Results Presentation 9/8/23 7 Comparable operating profit improved in Banking Business and in Asset Management Comparable operating profit increased clearly in Banking Business and in Asset Management. Comparable operating profit decreased significantly in Life Insurance due to the ado
Slide 18: Quality of the credit portfolio remains solid
Aktia Q2 2023 Results Presentation 9/8/23 18 Quality of the credit portfolio remains solid * Loan book constitutes for the Change in expected credit losses (ECL) 1-6/2023 major part of loans to EUR million households and private persons with residential or —i real estate securities. 0s -0.3 -0.2 3 —
Slide 19: Total assets and total liabilities and equity
Aktia 2 2028 Results Presentation 9/8/23 19 Total assets Total liabilities and equity EUR million EUR million 14,000 14,000 12,412 12,292 12,412 12,292 = Deposits from the public 12,000 and public-sector entities Lending to the public and 12,000 . public-sector entities = Wholesale deposits 10,000 1
Slide 20: CET1 ratio 3.2 percentage points above the requirement
Aktia Q2 2023 Results Presentation 9/8/23 20 CET1 ratio 3.2 percentage points above the requirement * CET1 ratio at 11.0% increased by +0.2 percentage cen x points from Q4/2022. : ° * Risk-weighted assets increased by EUR 72 million 9 from the year-end mainly due to increased corporate lending. RP 0
Slide 21: Funding activities
Akt la Q2 2023 Results Presentation 9/8/23 2 Funding activities * Market sentiment was choppy during the Q2 but towards the end of the period much more constructive than earlier this year. Covered Bond market continued working with very high activity. ¢ Aktia refinanced redeeming EUR 500 million cov
Slide 22: Outlook 2023
Aktia 2 2028 Results Presentation Outlook 2023 Aktia's comparable operating profit for 2023 is expected to be clearly higher than the EUR 65.2 million reported for 2022 (under the accounting standard previously applied for the life insurance business). The outlook has been prepared based on the foll
Slide 23: Financial targets 2025
Aktia Financial targets 2025 Q2 2023 Results Presentation 9/8/23 Comparable operating profit above EUR 120 million 1-6/2023: EUR 50.1 million 1-12/2022: EUR 124.7 million* Comparable return on Equity (ROE) above 12% 30 June 2023: 13.6% 31 December 2022: 17.2%* Comparable cost-to-income ratio under 0
Slide 24: Appendices
Slide 25: AuM: net subscriptions and market changes
Aktia Q2 2023 Results Presentation 9/8/23 25 AuM: net subscriptions and market changes Asset Management, Aktia UI Q-0-Q Asset Management, Domestic institutions Q-o-Q EUR million EUR million 1447 a7 n a 1 u -77 | 16 23 1279 6513 1240 16 mmm 41 1220 - 100 = -99 6351 ty 87 66 “= i a a a a 6266 59 - 103
Slide 26: AuM: Private Banking and External channels
Aktia Asset Management, Private Banking Q-0-Q EUR million Q2 2023 Results Presentation 9/8/23 26 e e AuM: net subscriptions and market changes Asset Management, External channels Q-0-Q i es aes EUR million sae ace ous 127 4199 = = 142 4036 oa | a 351 == 348 3, || “4 3 3952 my Hl 3002 | - 92 -8 AUM A
Slide 27: AuM: Banking Business, Retail
Akt la Q2 2023 Results Presentation 9/8/23 27 AuM: net subscriptions and market changes Banking Business, Retail Q-o-Q EUR million 72 1702 4 4 1710 1657 2 49 1 632 || | “2 AUM 6/2022 AUM 9/2022 AUM 12/2022 AUM 3/2023 AUM 6/2023 Minet subscriptions ll Market changes
Slide 28: Building wealth for our customers and society
BOO Building wealth for our customers and society Investor Relations contacts: ir@aktiafi Aktia