Slide 1: Evli Bank Plc Interim report January – September 2017
Evli Bank Plc Interim report January – September 2017 Maunu Lehtimäki, CEO Juho Mikola, CFO 26.10.2017
Slide 2: Evli today
Evli today Wealth Management & Advisory & Group Investor Clients Corporate Clients Operations Discretionary asset Advisory services related to Support functions: Information management services to private M&A transactions, including Management, Financial individuals and institutions. corporate acqui
Slide 3: Agenda
Agenda 1 Highlights 2 Financial Figures 3 Business Segments 4 Evli as an Investment 5 Updated Outlook 2
Slide 4: Highlights: Operating profit exceeded last year's total outcome
Highlights: Operating profit exceeded last years total outcome
Slide 5: Operating profit exceeded last year's total outcome
Operating profit exceeded last years total outcome Growth in both revenues and operating profit - Evli Group revenues grew 14% to EUR 50.4 million - Evli Group operating profit grew 90% to EUR 14.8 million Strong performance in Wealth Management & Investor Clients-segment - Assets under management g
Slide 6: Financial Figures: Good Performance driven by Increase in Recurring Revenue
Financial Figures: Good Performance driven by Increase in Recurring Revenue 5
Slide 7: Quarterly Figures Q3/2016 – Q3/2017
Quarterly Figures Q3/2016 – Q3/2017 Net revenue increased by 28% Operating profit more than Net profit grew significantly compared to last year doubled Net revenue, million euros Operating Profit, million euros. Profit margin, % Net profit, million euros 4.7 17.9 30.7% 15.9 16.1 16.3 28.6% 29.1% 3.8
Slide 8: Key Figures 2013 – 1-9/2017
Key Figures 2013 – 1-9/2017 Return on Equity well above the Target of 100% recurring revenue AUM has grown steadily target of 15% to operational costs reached Return on Equity, % Recurring Revenues to Operating Expenses, % Net assets under management, billion euros 116% 23.9% 11.1 20.2% 100% 10.6 0.
Slide 9: Profit and Loss Statement
Profit and Loss Statement Q3/2017 Q3/2016 Change, % YTD 2017 YTD 2016 Change, % Net interest 0.1 0.4 -69% 0.7 1.3 -51% Net commissions 14.7 11.6 27% 45.3 38.8 17% Net trading 1.5 0.8 94% 4.4 3.9 15% Other income 0.0 0.0 3% 0.0 0.1 -60% NET REVENUE 16.3 12.7 28% 50.4 44.1 14% Personnel expenses -6.2
Slide 10: Balance sheet
Balance sheet 30.9. 30.9. 31.12. 30.9. 30.9. 31.12. ASSETS, EURm 2017 2016 2016 LIABILITIES, EURm 2017 2016 2016 Liquid assets 127.8 144.7 203.1 Debt securities eligible for refinancing Liabilities to credit institutions and 36.3 56.4 39.1 with central banks central banks 17.9 7.3 5.5 Liabilities to
Slide 11: Key Ratios and Performance Indicators
Key Ratios and Performance Indicators Un-audited Audited Strategic KPI 1-9 2017 1-9 2016 2016 2015 2014 2013 Return on equity (ROE) 23.9% 15.8% 14.3% 20.2% 15.2% 11.5% Return on Equity 23.9% Cost-income ratio 0.71 0.82 0.82 0.79 0.84 0.88 (Target 15%) Core BIS capital adequacy Earnings/Share, dilute
Slide 12: Business Segments
Business Segments EVLI
Slide 13: Business Segment Highlights
Business Segment Highlights Wealth Management & Advisory & Group Investor Clients Corporate Clients Operations AUM grew to EUR 11.1 billion Operating profit decreased Net income increased by 19% Evli Digital, a digital asset 21% Growth mainly driven by management service, was Corporate F
Slide 14: Business Segment Profitability
Business Segment Profitability Net revenue Profit before allocations 16,3 Wealth Management and Investor Clients 10,4 1,1 Advisory and Corporate Clients 0,9 -2,7 Group Operations and Eliminations -3,6 1-9/2017 1-9/2016 13
Slide 15: Assets under Management grew to 11.1 billion
Assets under Management grew to 11.1 billion All product categories continued Significant growth in AUM from Europe their steady growth AUM by product, excluding NHC and EAM AUM by area, excluding NHC and EAM 3% 2% 11% YTD growth YTD growth 10.0% 7.7% 47% 22.8% 53% 18.5% 260.4% 7.0% 84% Discretionar
Slide 16: EUR 813 Million Net Subscriptions in Mutual Funds
EUR 813 Million Net Subscriptions in Mutual Funds* International clients share of Fund AUM grew to 21% Fixed income funds continued to dominate Development of assets in mutual funds 2013–2017** (EUR billion) Split of assets in mutual funds Q3/2016-Q3/2017 (EUR billion) Growth, p.a. 7.5 7.5 7.5 +18.3
Slide 17: Evli as an Investment
Evli as an Investment EVLI
Slide 18: Cornerstones of Evli's Strategy – Simply Unique
Cornerstones of Evli’s Strategy – Simply Unique EVLI’s core strengths and uniqueness are built around: SUPPORTED 1) Very AND 2) Product BY 3) Strong strong customer excellence, operational experience based on process (including offering, innovative spearhead efficiency service and ”institutional inv
Slide 19: Key Target Areas 2017 and Onwards
Key Target Areas 2017 and Onwards International growth - Distribution of Evli’s funds to professional investors in selected markets - Evli has good competitive factors in place to increase international sales Expanding our alternative asset class offering - Demand for products in the alternative ass
Slide 20: Ownership, 30 September 2017
Ownership, 30 September 2017 Ownership/sector 30.9.2017 Listed on Nasdaq Helsinki since 2015 Financial Other* institutions 3% 3% Market cap EUR 176.1 million Registered shareholders 2,576 Largest shareholders Households 24% - Oy Prandium Ab 20.39% of shares - Oy Scripo Ab 20.39% shares - Oy
Slide 21: Share information 1.1.-30.9.2017
Share information 1.1.-30.9.2017 20
Slide 22: Updated Outlook: The result for 2017 is estimated to exceed clearly that of the previous year
Updated Outlook: The result for 2017 is estimated to exceed clearly that of the previous year 21
Slide 23: Outlook for 2017 updated
Outlook for 2017 updated Due to significant growth in Assets under Management in the Wealth Management and Investor clients segment the proportion of recurring revenue to operating expenses has exceeded the long-term target level of 100% Performance of the Advisory and Corporate Clients segment
Slide 24: THANK YOU!
THANK YOU! EVLI
Slide 25: Contact information
Contact information Evli Bank Plc Investor contacts Aleksanterinkatu 19. 4th floor Juho Mikola P.O. Box 1081 CFO 00101 Helsinki juho.mikola@evli.com www.evli.com Tel. +358 9 4766 9871 Mikaela Herrala IR and Communications Manager mikaela.herrala@evli.com Tel. +358 9 4766 9823 Evli - Sijoittajan Pank
Slide 26: Disclaimer
Disclaimer Information set above is not intended as investment recommendation. This report is based on sources that Evli Bank Plc considers to be correct and reliable. Evli Bank Plc nor its employees give any guarantee concerning the correctness, accuracy or completeness of any information, views, o