Hoist Finance Ab · OMXSTO:HOFI
Hoist Finance Ab — Q3 2024 Earnings Presentation
16 slides from Hoist Finance Ab's earnings presentation, Oct 25, 2024
Slide 1: Q3 2024 Results presentation
Q3 2024 Results presentation - 25 October 2024 - HoistFinance
Slide 2: Today's presenters
of HoistFinance Today’s presenters | Christian Wallentin CFO & Deputy CEO Harry Vranjes CEO Classification: Public 2
Slide 3: Key highlights Q3
Key highlights Q3 Profit before tax amounted to SEK 369m, compared to SEK 282m for the same quarter last year Return on equity amounted to 16.3 per cent, compared to 19.2 per cent in the same quarter last year Investments in new portfolios at SEK 4.3bn in the quarter, resulting in a total portfolio
Slide 4: Q3 Financial summary
Q3 Financial summary SEKm pooner owas Change Interest income 1,195 900 33% Other interest income 110 44 >100% Interest expense -355 -212 67% Net interest income 950 732 30% Other income (including impairments) 145, 101 44% Net result from financial transactions 3 83 <-100% Total operating income 1,0
Slide 5: Portfolio acquisitions
of HoistFinance Portfolio acquisitions 2021 2022 2023 2024 YTD SEK 3.5bn SEK 6.9bn SEK 7.1bn SEK 8.7bn : i : i : 1 43 » Record high acquisition volume across markets 2,8 » Attractive risk-adjusted returns 25 24 . 21 22 » Supportive repricing continuing 19 " 17 » Strong Q4 outlook 12 1,3 11 07 %9 07
Slide 6: Q3 Asset class mix
of HoistFinance Q3 Asset class mix Book value by asset class Book value per market » Proactive diversification » New market entry » Secured assets up in quarter 16% = Unsecured Secured altaly = Spain Poland =Germany = France Greece aUK Sweden BeNe+other Classification: Public 6
Slide 7: Portfolio book value
of HoistFinance Portfolio book value BV SeKpbn, continued operations only +100% Y » Financial discipline and active repricing » Diversification » Growth on track 93 2024 2026 goal Ml Regidn Greece Ml Spain Ml France Germany Ml Poland Ml Italy Total 1) Region includes Netherlands, Belgium, UK, Sweden
Slide 8: Earnings before tax development
of HoistFinance Earnings before tax development 22 369 77 » Strong underlying profit growth » Growing book « "J » Active repricing and operating leverage 57 Q3'23 Joint Venture NFT Rejuvenation Q3'23 EBT Underlying Q3'24 EBT Positive Project costs Q3'24 costs . EBT revaluation EBT underlying improvm
Slide 9: Operating leverage development
Operating leverage development (YTD vs PY) Portfolio book Operating Total Cost value Income SEKm SEKbn SEKm 30 3.278 2.243 1.918 24 2.585, Q3'23 Q3'24 Q3'23 Q3'24 Q3'23 Q3'24 * Excludes 2023 rejuvenation costs (SEK 151m) Profit before tax SEKm 1.036 756 Q3'23 Q3'24 of HoistFinance » Strong growth at
Slide 10: CET1 Capital position
of HoistFinance CET1 Capital position Capitalisation, % 12.18% NMS58% Oe LL CET1-target range 3,93% 10.58% 8,25% » Capital deployment in record investment quarter » Strong capital position, significantly above regulatory » Continued high investment capacity Regulatory capital requirement Margin abov
Slide 11: Liquidity overview
Liquidity overview NSER, % 128 13 15 116 121 Q3-23 Q4-23 1-24 Q2-24 Q3-24 LCR, % 772 752 623 630 661 Q3-23 Q4-23 Qi-24 Q2-24 Q3-24 =NSER regulatory limit 100%, *LCR regulatory limit 100% of HoistFinance Liquidity reserve, SEKbn 15 1 8 : | a L Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Comments » Liquidity portfo
Slide 12: Funding
of HoistFinance Funding 1 . Funding!, SEKbn Avg. cost of funding * Moody's Investors Service upgraded Hoist to Baa2, from Baa3 * Market issuance of SEK 1.65bn 4.18% + Funding base stable and competitive * Senior unsecured debt at 15% and deposits 77% of overall funding 30 Distribution of funding Hl
Slide 13: Key highlights Q3
Key highlights Q3 Profit before tax amounted to SEK 369m, compared to SEK 282m for the same quarter last year Return on equity amounted to 16.3 per cent, compared to 19.2 per cent in the same quarter last year Investments in new portfolios at SEK 4.3bn in the quarter, resulting in a total portfolio
Slide 14: Q&A
of HoistFinance Q&A Classification: Public 14
Slide 15: Disclaimer
Disclaimer IMPORTANT: The following applies to this document, the oral presentation of the information in this document by Hoist Finance AB (publ) (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the “Inform
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