Avanza Bank Holding Ab · OMXSTO:AZA
Avanza Bank Holding Ab — Q2 2021 Earnings Presentation
16 slides from Avanza Bank Holding Ab's earnings presentation, Jul 14, 2021
Slide 1: Avanza's second quarter 2021 Results presentation
14 July 2021 Avanza’s second quarter 2021 Results presentation
Slide 2: Customer growth of 237,900 in 2021 (+71% Y/Y)
Customer growth of 237,900 in 2021 (+71% Y/Y) 80 000 72 015 2020 2021 70 000 60 000 No.of new customers 50 000 46 042 38 788 40 000 34 773 30 000 26 273 20 028 20 000 10 000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 3: Strong potential in Avanza's young customer base
0,0% 0,5% 1,0% 3,0% 3,5% 1,5% 2,0% 2,5% 18 years 21 years 24 years 27 years 30 years 33 years 36 years 39 years Avanza 38 Median age 42 years 45 years 48 years Sweden 48 Median age 51 years 54 years Sweden 57 years 60 years 63 years Avanza 66 years 69 years 72 years Age distribution Swedish populati
Slide 4: Net inflow of SEK 53,500m in 2021 (+30% Y/Y)
Net inflow of SEK 53,500m in 2021 (+30% Y/Y) 14 12,9 2020 2021 12 10 9,0 8,6 8,7 9,0 SEK billion 8 6 5,3 4 2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 5: Brokerage-generating turnover per trading day still on a high level
Brokerage-generating turnover per trading day still on a high level 9 000 2019 2020 2021 8 000 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 6: The largest Swedish participant on Nasdaq OMX and First North
o Market share, % 0 5 10 15 20 25 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 and First North Transactions Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 SHB Q4-19 Avanza Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Nordea Q2-21 Carnegie 0 1 4 5 6 7 8 9 2 3 10 Nordnet Swedbank Q1-15 Q2-15 Q3
Slide 7: Launches to motivate and commit to saving
Launches to motivate and commit to saving o Milestones – show when customers have reached certain savings levels and are designed to encourage savings o Savings targets for visual and concrete goals o The Nordic Swan Ecolable to make sustainable savings easier o Updated stock pages o More eligible s
Slide 8: Employee engagement a key success factor for Avanza
Employee engagement a key success factor for Avanza Long-term targets Continuous growth o Customer satisfaction – keep the No 1 position o Continuous growth in both number of customers and volume o Create possibilities for continued strong innovation Customer satisfaction Strong innovation
Slide 9: Financials – Q2 results
Financials — Q2 results avanzaulll
Slide 10: Second strongest quarter ever
Second strongest quarter ever Q2 21 Q1 21 ∆% H1 21 H1 20 ∆% Operating income, SEK m 754 957 -21 1,710 1,067 60 Operating expenses, SEK m1) -216 -202 7 -419 -364 15 Operating profit, SEK m 536 756 -29 1,292 694 86 Net profit, SEK m 451 632 -29 1,082 585 85 Operating margin, % 71 79 -8 76 65 11 ROE, %
Slide 11: Lower transaction-related income yet strong revenue
Lower transaction-related income yet strong 1000 957 900 800 754 700 575 600 542 526 643 Revenue, SEK m 500 400 313 329 267 267 268 284 300 244 200 100 0 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Total income Income from sales of shares in Stabelo Net brokerage in
Slide 12: Strong cost control remains in focus
Strong cost control remains in focus 212 216 200 185 179 205 164 166 153 179 164 148 Operating expenses, SEK m 150 135 155 100 50 0 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Total expenses Non-reccuring items Personnel Marketing Depreciation Other expenses
Slide 13: High scalability in Avanza's business model
High scalability in Avanza’s business model 160 800 000 142 Savings capital, SEK m 140 700 000 120 600 000 Basis points 100 500 000 73 80 400 000 60 53 300 000 40 200 000 20 100 000 13 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 6m Savings capital In
Slide 14: Strong capital position with additional distribution capacity
Strong capital position with additional distribution capacity 30 June 31 December 2021 2020 Total capital requirement, % 13.0 13.1 Capital requirement buffer, % 12.0 11.3 Total capital ratio, % 25.0 24.4 Leverage ratio,% 4.7 4.9 Capital surplus after LR-requirement and internal buffer 0.9 1.1 Additi
Slide 15: Well positioned for the future
Well positioned for the future o Low risk balance sheet o Well capitalised o Strong growth in savings capital o Competitive cost to savings capital ratio of 13 bps
Slide 16: Opening up for questions
Opening up for questions = ou :a World Tech 5 ot e Avanza Glc vee sminoirs299) gf aget, i a0 aa ani Mer till dig, 7 mindre till banken =a avanzaulll