Instabank Asa · OSL:INSTA
Instabank Asa — Q1 2022 Earnings Presentation
14 slides from Instabank Asa's earnings presentation, May 6, 2022
Slide 1: Interim Presentation Q1 – 2022
Instabank Interim Presentation Q1 – 2022 May 6 th, 2022 instabank.no www.instabank.no
Slide 2: Important information and disclaimer
Important information and disclaimer THIS PRESENTATION (THE “PRESENTATION”) HAS BEEN PRODUCED BY INSTABANK ASA (THE “COMPANY” OR “INSTABANK”), SOLELY FOR USE AT THE PRESENTATION TO INVESTORS AND IS STRICTLY CONFIDENTIAL AND MAY NOT BE REPRODUCED OR REDISTRIBUTED, IN WHOLE OR IN PART, TO ANY OTHER PE
Slide 3: Key highlights Q1-22
Key highlights Q1-22 Profit before tax of 25.2 MNOK, after tax 20.6 MNOK Profit after tax up 47 % from Q1-21 Net loans growth of 153 MNOK Adjusted for negative currency effects, growth was 194 MNOK Mortgages volume growth of 149 MNOK Mortgages represents 29 % of total net loans and 44 % of net
Slide 4: Net loan development
Net loan development Net loan balance growth Net loans to customers MNOK MNOK4 5 00 356 3 783 3 936 242 298 4 0 00 3 609 3 312 212 204 3 5 00 2 955 1 147 177 184 794 998 173 149 153 3 0 00 340 582 127 140 124 104 109 68 2 5 00 57 57 39 38 29 15 18 13 2 0 00 1 071 1 128 1 143 1 172 1 239 1 5 00 -1 -1
Slide 5: Diversified loan portfolio
Diversified loan portfolio Net Loans # Customers* Avg Ticket Size* Yield Consumer Loans 2,398’’ 24,051 98’ 10.9 % Mortgages 1,147’’ 1,628 704’ 6.6 % Sales Finance 176’’ 17,328 10’ 15,3 % Credit Card 216’’ 4,815 45’ 14.9 % Total 3,936’’ 50,134 79’ 10.0 % *) Includes accounts with zero balance with an
Slide 6: Diversified funding volume
Diversified funding volume Volume # customers Avg. deposit Deposit rates size end Q4-21 Norway 2,991’’ 8,467 353’ 1.10 %* Finland 496’’ 3,231 154’ 0.45 % Germany 783’’ 4,135 189’ 0.09 %** Sweden 74’’ 1,711 43’ 0.55 % Total 4,345’’ 17,544 248’ 0.78 % *) Up to NOK 500’, 1,05 % for deposits between NOK
Slide 7: Development in yields and funding cost
Development in yields and funding cost Development in yields and funding cost Key comments ▪ Yield for mortgages and consumer loans decreased slightly from the 11,8 % 11,5 % 11,2 % 11,2 % 10,9 % the previous quarter ▪ The liquidity yield was negatively impacted by the market turmoil 7,0 % caused by
Slide 8: Total income
Total income Total income Total income detailed* MNOK 89,8 MNOK 86,2 85,4 74,5 9,8 7,1 70,6 10,0 7,7 12,2 85,7 90,4 90,5 75,9 68,0 -9,6 -9,1 -9,5 -10,5 -12,2 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Key comments Total Interest income Interest expenses Net other income ▪ The intere
Slide 9: Operating expenses
Operating expenses Operating expenses breakdown Key comments MNOK 39,7 ▪ Operating expenses was impacted by the Lunar bid process 1,6 33,2 31,7 31,3 31,9 ▪ When the Lunar bid for all shares in Instabank was announced, the share 1,5 1,6 1,4 1,8 17,3 price increased, causing an increase in provisions
Slide 10: Credit risk
Credit risk Impairment losses Key comments MNOK 30,0 10,0 %▪ Losses on loans came in at 20.5 MNOK or 2.0 % of gross loans to 23,0 20,3 20,5 20,5 customers, down from 2.7 % in the same quarter last year 20,0 17,1 5,0 % ▪ The decrease in loan losses from the previous quarter is because of an 10,0 incr
Slide 11: Profit development
Profit development Net profit Key comments MNOK ▪ Profits was impacted by fewer interest days, decline in value of securities and the Lunar bidding process ▪ Profit after tax increased 47 % from the same quarter last year 34,9 32,6 26,0 25,5 25,2 24,4 19,5 20,6 18,7 14,0 16,6 % 16,6 % 13,8 % 13,0 %
Slide 12: Capital adequacy
Capital adequacy Developments in capital adequacy ratios Key comments • Common equity Tier 1 Capital ratio was 19.3 %, and the total capital ratio 23,0 % 22,8 % 22,4 % 22,3 % 22,3 % was 22.3 % at the end of Q1-22, 2.0 % points above the total regulatory 2,0 % 1,9 % 1,8 % capital requirement of 20.3
Slide 13: Financial summary
Financial summary P&L (NOK ‘000) Balance sheet (NOK ‘000) P&L Q1-22 FY 2021 Q4-21 Q3-21 Q2-21 Q1-21 Balance Sheet 31.03.22 31.12.21 30.09.21 30.06.21 31.03.21 Total income: Assets Interest Income using the effective interest method 90 492 320 034 90 444 85 705 75 886 67 999 Loans and deposits with c
Slide 14: Thank You
Thank You instabank.no www.instabank.no