Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordea — Shareholder Meeting (April 2001)
49 slides from Nordea Bank Abp's shareholder meeting presentation, Apr 10, 2001
Slide 1: Nordea AB (publ) General Meeting
Nordea AB (publ) General Meeting 10 April 2001
Slide 2: Welcome to Nordea's Ordinary General Meeting 2001
Welcome to Nordea’s Ordinary General Meeting 2001 Nordea Bolagsstämma 2001
Slide 3: Vesa Vainio, Chairman of the Board
Vesa Vainio Chairman of the Board Nordea Bolagsstämma 2001
Slide 4: A vision accomplished
Vesa Vainio A vision accomplished Nordea Bolagsstämma 2001
Slide 5: Our vision
Our vision To create a pan-Nordic financial group, the leading financial services group in the Nordic and Baltic Sea region Nordea Bolagsstämma 2001
Slide 6: The world's largest banks 1995
The world’s 250 largest banks 1995 Shareholders’ equity, % of total assets 16 12 8 4 0 0 100 200 300 400 500 600 700 800 900 Total assets, USD bn Nordea Bolagsstämma 2001
Slide 7: The world's largest banks 1995
The world’s 250 largest banks 1995 Shareholders’ equity, % of total assets 16 Christiania Bank Unidanmark 12 Nordbanken 8 Merita 4 0 0 100 200 300 400 500 600 700 800 900 Total assets, USD bn Nordea Bolagsstämma 2001
Slide 8: The world's largest banks 1999
The world’s 250 largest banks 1999 Shareholders’ equity, % of total assets 16 12 8 4 0 0 100 200 300 400 500 600 700 800 900 Total assets, USD bn Nordea Bolagsstämma 2001
Slide 9: The world's largest banks 1999
The world’s 250 largest banks 1999 Shareholders’ equity, % of total assets 16 12 Nordea pro forma 8 4 0 0 100 200 300 400 500 600 700 800 900 Total assets, USD bn Nordea Bolagsstämma 2001
Slide 10: Unified Nordic strength
Unified Nordic strength 1995-1996 1997 1998 1999 2000 Sweden Finland Denmark Norway CHRISTIANIA BANK OG KREDITKASSE Nordea Bolagsstämma 2001
Slide 11: 1. Election of Chairman at the Meeting
1. Election of Chairman at the Meeting Nordea Bolagsstämma 2001
Slide 12: 2. Drafting and approval of electoral register
2. Drafting and approval of electoral register Nordea Bolagsstämma 2001
Slide 13: 3. Approval of agenda
3. Approval of agenda Nordea Bolagsstämma 2001
Slide 14: 4. Election of at least one minutes checker
4. Election of at least one minutes checker Nordea Bolagsstämma 2001
Slide 15: 5. Question of whether the Meeting has been duly convened
5. Question of whether the Meeting has been duly convened Nordea Bolagsstämma 2001
Slide 16: 6. Presentation of the Annual Report and Auditors' Report
6. Presentation of the Annual Report and Auditors’ Report Nordea Bolagsstämma 2001
Slide 17: Hans Dalborg, Deputy Chairman of the Board
Hans Dalborg Deputy Chairman of the Board Nordea Bolagsstämma 2001
Slide 18: Nordic ideas become a reality
Hans Dalborg Nordic ideas become a reality Nordea Bolagsstämma 2001
Slide 19: A new financial group develops…
A new financial group develops…, Countrywide branch network Finland: Units 464 Branch or subsidiary Employees 11,339 Associated bank’s offices Sweden: Units 261 Employees 6,707 Norway: Units 195 Bergen Helsinki Employees 5,500 Stockholm St Petersburg Oslo Tallinn Denmark: Tartu Units 431 Employees 1
Slide 20: …on an exciting journey
,,,on an exciting journey 1995-1996 1997 1998 1999 2000 Sweden Nordbanken MeritaNordbanken Finland Merita Nordic Baltic Holding Nordea Denmark Unidanmark Unidanmark Tryg Vesta Norway K-bank Nordea Bolagsstämma 2001
Slide 21: 2000 – the decisive year…
2000 – the decisive year,,, • January Nordic Baltic Holding formed – Merita and Nordbanken Holding shares unified • March-April Merger Nordic Baltic Holding and Unidanmark • October-December Acquisition of Christiania Bank og Kreditkasse • November Nordea Nordea Bolagsstämma 2001
Slide 22: …with expansion in the Baltic Sea area too…
,,,with expansion in the Baltic Sea area too,,, • Acquisition of Société Générale’s operations in Lithuania and Latvia • Shareholding in Bank Komunalny exceeds 90 percent • Acquistion of the Polish life insurance company Heros Life Nordea Bolagsstämma 2001
Slide 23: …and continued good profitability and growth…
,,,and continued good profitability and growth,,, • Operating income 2,435 million euro; + 17% • Return on equity 16.1% in spite of high rate of capitalisation • Profit excluding goodwill 19.4% • Steady growth in net interest income and commissions Nordea Bolagsstämma 2001
Slide 24: …with success in all business areas…
,,,with success in all business areas,,, Retail Banking – Operating income + 50% Asset Management – large increase in managed capital – Several awards Corporate and Institutional Banking – Improved profitability Investment Banking – Improved profitability Life Insurance and Pensions – Substantial gr
Slide 25: …and continued cost control
,,,and continued cost control • Moderate cost trend • Cost increase 3% Adjusted for operations acquired • Credit losses at historically low level • Better rating – more cost-effective funding Nordea Bolagsstämma 2001
Slide 26: A leading net bank
A leading net bank More than 2.1 million More than 7 million e-bank customers transactions per month 2,5 8 7 2 6 5 1,5 4 1 3 2 0,5 1 0 0 1997 1998 1999 2000 2001 1997 1998 1999 2000 2001 Nordea Bolagsstämma 2001
Slide 27: New products each month
New products each month Jan 1, 2000 Euro Midi Money market Fund WAP-telephone banking Solo-concept launched in the entire region Medica Life science Fund Customer concepts for retail customers Internet services to Sweden Jan 1, 1999 Private Banking concept to Sweden Joint Euroland Fund Customer conc
Slide 28: Value for customers = value for shareholders
Value for customers = value for shareholders • Profit per share 0.58 euro; + 5 % • Proposed dividend 2.00 Swedish kronor; + 14.3 % • Nordea share increased by 43 % during 2000 • Acquisition of CBK inceases profit per share immediately 2001 • Proposed extension of the programme to purchase own shares
Slide 29: Thorleif Krarup, President and CEO
Thorleif Krarup President and CEO Nordea Bolagsstämma 2001
Slide 30: Preliminary result first quarter 2001
Preliminary result first quarter 2001 Increased operating profit despite market turbulence l Operating profit EURm 555, up 17% compared to fourth quarter 2000 • Strong development in core earnings • Lower investment earnings and higher loan losses l Earnings per share EUR 0.13 (EUR 0.58 for the full
Slide 31: Commitment to deliver
Thorleif Krarup Commitment to deliver Nordea Bolagsstämma 2001
Slide 32: Effective integration
Effective integration Corporate Organisation Statement Synergy Synergy Corporate Organisation Statement Nordea Bolagsstämma 2001
Slide 33: Vision to be the leading financial services group in the Nordic and Baltic Sea area
Vision to be the leading financial services group in the Nordic and Baltic Sea area • Ambition to reach top market positions • Mission to fulfil customer aspirations • Common values and culture of sharing and exchanging Nordic Ideas • Financial and operational goals for creating shareholder value •
Slide 34: Integration creates value
Integration creates value • Annual synergies totalling 310 + 50 million euro • One third increased earnings, the remainder cost savings • To be realised according to plan within a three-year period • Around 100 million euro achieved before the end of 2001 Nordea Bolagsstämma 2001
Slide 35: An integrated group…
An integrated group,,, Group CEO Group Corporate Centre Group Staffs Corporate Life and Investment Asset Retail Insurance General Institutional Banking Management Banking and Insurance Banking Pensions Nordea Bolagsstämma 2001
Slide 36: …with common culture
…with common culture • Nordic ideas • Resources • Value creating • Confidence and ethics Nordea Bolagsstämma 2001
Slide 37: …and a large customer base with high degree of penetration in e-banking services
…and a large customer base with high degree of penetration in e-banking services Baltic Sea Total Denmark Finland Norway Sweden region Nordea Customer base (000s) - Personal customers 1 692 3 035 526 3 643 37 8 933 - Corporate customers 77 340 59 127 8 611 Netbank (000s) 251 976 146 732 4 2 109 Bran
Slide 38: …and an insurance customer base with great prospects for cross-selling
… and an insurance customer base with great prospects for cross-selling Nordea Denmark Finland Norway Sweden Poland total Non-life insurance (1,000) Personal customers 765 - 355 - 222 1,342 Corporate customers 180 - 45 - 20 245 Life insurance and pensions (1,000) Personal customers 470 215 24 420 1,
Slide 39: Strong base – clear focus
Strong base – clear focus • Delivery of synergies • Further integration • Utilisation of growth potential Nordea Bolagsstämma 2001
Slide 40: Integration based on growth
Integration based on growth • Eliminate overlapping functions • Best practice and benchmarking • Concept and product exchange • Simplified legal structure • Common values – strong culture Nordea Bolagsstämma 2001
Slide 41: Successful business integration and cross-border product launches
Successful business 2001 January Customer loyalty integration and cross- programme in Denmark Long term Savings and Life Joint Unit in Sweden border product December Shipping, Offshore and Oil Services launches New business unit in CIB November Solo Market and e-payment in Denmark Nordea name adopte
Slide 42: Local presence with Nordic efficiency
Local presence with Nordic efficiency LOCAL Solid customer Partnership relations NORDIC Size and integration promotes • Operational efficiency • Competitive products and services Nordea Bolagsstämma 2001
Slide 43: Value through growth with existing customers
Value through growth with existing customers • Harmonisation of customer concepts • Bank sells insurance • New products Nordea Bolagsstämma 2001
Slide 44: Value from long-term growth areas
Value from long-term growth areas • Electronic distribution • Asset Management • Corporate and Institutional Banking • Investment Banking Nordea Bolagsstämma 2001
Slide 45: Technology and people working together
Technology and people working together • Easy, convenient • Personal advice • Access 24 hours a day • confidence, competence Nordea Bolagsstämma 2001
Slide 46: Value from new growth markets
Value from new growth markets • New products and service solutions • Coordination of activities and distribution channels in Poland • Customer base totalling 300,000 and 1,200 employees Nordea Bolagsstämma 2001
Slide 47: Incentive programme supports value creation
Incentive programme supports value creation • Stronger focus on value creation and profits for the shareholders • Better prospects for retaining and recruiting key persons and core competence • Connection to share price trend • Comprises some 300 managers Nordea Bolagsstämma 2001
Slide 48: Nordea shall create value for shareholders in line with the best among European listed financial services companies
Nordea shall create value for shareholders in line with the best among European listed financial services companies Value drivers Target (in percent) Total shareholder return 46.5 Profitability Return on equity 16.1 > Euro RFR + 8% Cost control Tier 1 capital ratio 6.8 > 6.5 Risk control Dividend pa
Slide 49: We will deliver
We will deliver Nordea Bolagsstämma 2001