Lhv Group As · OMXTSE:LHV1T
Lhv Group As — Q2 2019 Earnings Presentation
16 slides from Lhv Group As's earnings presentation, Jul 16, 2019
Slide 1: LHV Group Q2 2019 results
LHV Group Q2 2019 results July 16, 2019
Slide 2: The most active and best performing quarter in history
The most active and best performing quarter in history For customers Acquisition of Danske portfolio • Fivefold increase in the number of ATMs • Strong growth of the loan portfolio • Transactions with foreign stocks through • Increase in the volume of deposits the mobile banking • Alternative invest
Slide 3: The best quarter results (based on continuous operations)
LHV Group The best quarter results (based on continuous operations) Financial results, EURt 9 quarters Q2-19 Q1-19 ∆ quarter • Net interest income that decreased Net interest income 11,628 10,945 +683 after the sale of Mokilizingas is again Net fee and commission income 6,613 6,225 +389 at the highe
Slide 4: LHV Group – comparison with financial plan
LHV Group – comparison with financial plan Net profit exceeds financial plan by 1.1 EURm • Revenues and expenses exceed financial plan due to higher business volumes • The outperformance of the financial plan in the volume of deposits is caused by the Danske transaction, the deposits obtained in sig
Slide 5: LHV Banking: Deposits and loans are growing at a good pace
LHV Banking Deposits and loans are growing at a good pace EURm Deposits 2200 2,090 • 8,600 new customers. New, significant records in regular customers activity 1760 1,554 • Customer deposits increased by 507 EURm, incl. regular customer deposits by 268 EURm, payment 1320 intermediaries’ deposits by
Slide 6: LHV Banking: Revenue of main business lines is broad-based and growing
LHV Banking Revenue of main business lines is broad-based and growing at same pace with volumes Financial results, EURt 9 quarters Q2-19 Q1-19 ∆ quarter • Greater amount of deposits obtained Net interest income 11,842 11,238 +604 to ensure the sufficient amount of Net fee and commission income 3,009
Slide 7: LHV Banking – comparison with financial plan
LHV Banking – comparison with financial plan Net profit ahead of financial plan by +0.8 EURm • Net profit exceeded financial plan by 0.8 EURm due to higher interest income gained on higher volumes and strong quality of loan portfolio • The deposits obtained through the deposit platforms increase int
Slide 8: LHV Asset Management: Very strong half-year in the stock markets
LHV Asset Management Very strong half-year in the stock markets EURm customers (th.) Assets under management and customers • The volume of assets under 1500 1293 200 management is nearly 1.3 EURb, 1200 1167 190 +11% in four quarters 900 180 • Very strong half-year in stock 600 170 markets, Estonia’s
Slide 9: LHV Asset Management: EBIT of Q2 2.1 EURm
LHV Asset Management EBIT of Q2 2.1 EURm Financial results, EURt 9 quarters Q2-19 Q1-19 ∆ quarter • Operating profit in Q2 is 2,1 Total revenue 3,605 3,521 +83 EURm Total operating expenses 1,510 1,483 +27 EBIT 2,095 2,038 +57 • Pre-tax profit for the first half of Net financial income 33 149 -117 t
Slide 10: LHV Asset Management – comparison with financial plan
LHV Asset Management – comparison with financial plan Profitability outperformed financial plan • Net profit exceeds financial plan • The average productivity of funds is 1.5% higher comparing to the financial plan • At the beginning of June the first pension application „My pension“ was launched •
Slide 11: LHV Group Stock information
LHV Group Stock information EUR EURt • Closing share price 11.85 EUR in the LHV stock price and turnover LHV daily turnover (EURt) 1 250 end of Q2 13 LHV stock closing price (EUR) 11 1 000 • 1,185 trades were made with the 750 stock during Q2 on the market with a 10 turnover of 2.3 EURm which gave t
Slide 12: Best bank in Estonia
LHV Group 6 months 12.7 EURm 19.8% Net profit Pre-tax ROE Best bank in Estonia 8,600 Euromoney Bank customer increase 12
Slide 13: Annexes
Annexes
Slide 14: LHV Group: Strong liquidity and capitalization
LHV Group Strong liquidity and capitalization EURm % % LCR Loan-deposit ratio • LCR and loan /deposit ratio is at 300 2 200 100 high level due to the deposits 1 760 80 240 202 obtained 1 320 60 180 880 40 120 • Strong capital adequacy ratio, 60 440 20 significantly above regulatory and 0 0 internal
Slide 15: The quality of the loan portfolio is strong
LHV Group The quality of the loan portfolio is strong % EURm 40 Corporate loans by ratings Corporate loans overdue porfolio • The growth of corporate lending 32 overdue portfolio is linked with one 32 24 specific customer and additionally 12.6 24 16 couple of other customers’ 16 8 overdues by a few
Slide 16: Madis Toomsalu, Meelis Paakspuu contacts
Madis Toomsalu LHV Group Managing Director madis.toomsalu@lhv.ee Meelis Paakspuu LHV Group CFO meelis.paakspuu@lhv.ee AS LHV GROUP TARTU MNT 2, TALLINN 6 802 670 INFO@LHV.EE LHV.EE