Avanza Bank Holding Ab · OMXSTO:AZA
Avanza Bank Holding Ab — Q1 2025 Earnings Presentation
17 slides from Avanza Bank Holding Ab's earnings presentation, Apr 15, 2025
Slide 1: Avanza's first quarter 2025 results presentation
Avanza's first quarter 2025 Results presentation avanzauill Avanza Autopension Med Autopension féljer pensionssparandet dig genom livt utan att du behdver géra ndgot. Vi ser till att pengarna | din janstepension alld a Enkelt och bekvémt Skéter sig sjalv nda fram til pensionen. Skréddarsytt Risken i
Slide 2: A strong first quarter
A strong first quarter 90 Net inflow in line with Q1 24 80 70 60 • The highest quarterly results in the history of 50 SEK bn Avanza 40 • Increased volatility led to high trading 30 22.4 20 activity 10 • NII remains resilient and contributing as a 0 2021 2022 2023 2024 2025 healthy part of revenues J
Slide 3: 41% market share of the savings market inflow in Q4
41% market share of the savings market inflow in Q4 80% 60% 41% share of the 40% market inflow in Q4 20% share of the market 20% inflow on a R12M basis 7.8% back book 0% market share Q2-14 Q1-15 Q4-15 Q3-16 Q2-17 Q1-18 Q4-18 Q3-19 Q2-20 Q1-21 Q4-21 Q3-22 Q2-23 Q1-24 Q4-24 -20% -40% Avanza's market s
Slide 4: Savings capital affected by macro environment
Savings capital affected Savings capital declined due to macro environment by macro environment -3% 1 000 955 931 800 • 2030 target is annual savings capital growth of 15% 600 • Savings capital development in Q1 negatively affected by U.S. equity markets and a stronger 400 Swedish krona 200 • Net in
Slide 5: Increased volatility led to high customer activity
Increased volatility led to high customer activity Activity correlates well with volatility, but with too high Increased turnover in foreign securities contributed higher 120 000 35% 500 000 volatility customers can become passive 30,0 income, although foreign trading decreased some as a 100 000 sha
Slide 6: Making progress within our strategic priorities
Making progress within our strategic priorities Selected highlights from the quarter Develop and grow the leading position in A. our core business – savings and Several product launches for investments in Sweden stock market enthusiasts such as Simply Wall St collaboration and new features added to
Slide 7: Increased internal efficiency is created through continuous improvements
D. Increased internal efficiency is created through continuous improvements – both large and small Improvements to increase Stop doing – in the process Cloud migration progressing operational efficiency towards not offering according to plan • Better tax filing support for external savings accounts
Slide 8: Longterm outlook remains positive, despite the near-term market turbulence
Longterm outlook remains positive, despite the near-term market turbulence The strength of our business model with several income streams once again proven • Avanza is a company that thrives in both a higher and lower interest rate environment • Reporting record quarterly results Positive initiative
Slide 9: Financials – Q1 results
neeceetl| Financials — Q1 results
Slide 10: Strongest quarterly results in the history of Avanza
Strongest quarterly results in the history of Avanza Q1 25 Q4 24 ∆% Q1 24 ∆% Operating income, SEK m 1,152 1,062 8 951 21 Operating expenses, SEK m -333 -335 -1 -303 10 Operating profit, SEK m 818 728 12 647 26 Adjusted operating profit, SEK m¹) 818 731 12 647 26 Profit for the period, SEK m 707 625
Slide 11: High trading activity combined with NII a strong contributor to revenues
High trading activity combined with NII remaining a strong contributor to revenues 1 200 1,152 1,062 1 100 1 000 951 959 929 868 882 900 847 833 854 Income split Q1-25, % 800 768 740 7 Revenue, SEK m 700 28 618 600 32 500 18 400 15 300 NII Funds FX 200 Brokerage Other 100 0 Q1-22 Q2-22 Q3-22 Q4-22 Q
Slide 12: Fund margin and share of index funds kept stable
Fund margin and share of index funds kept stable Fund margin and share of index funds stable Net fund commissions decreased slightly 0,400% 60% 400 250 0,350% 350 50% 200 0,300% 300 40% 0,250% 250 150 SEK million SEK billion 0,200% 30% 200 150 100 0,150% 20% 0,100% 100 50 10% 0,050% 50 0,000% 0% 0 0
Slide 13: NII contributing as a healthy part of revenues
NII contributing as a healthy part of revenues 431 409 398 388 Average interest rates 404 385 Q4 24 Q1 25 -16 372 Internally financed Internally financed 390 -42 lending: 3.84% lending: 3.40% Deposits: 1.34% Deposits: 0.97% 349 485 480 471 439 428 402 356 360 279 Volumes, SEK bn SEK million 195 204
Slide 14: Full-year guidance of 11% cost increase stands
Full-year guidance of 11% cost increase stands 350 326 335 333 306 303 289 300 289 287 272 273 266 Operating expenses, SEK m 249 Cost split Q1-25, % 250 238 200 30 150 59 7 4 100 Personnel Marketing Depreciation Other One-off items 50 0 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-
Slide 15: Solid capital position
Solid capital position 31 March 2025 31 December 2024 Consolidated situation % SEK m % SEK m Total capital ratio / Own funds 26.1 4,071 23.0 3,941 Total capital requirement1) 18.2 2,844 18.2 3,114 Capital surplus 7.9 1,228 4.8 827 Leverage ratio / Tier 1 Capital 4.6 4,071 5.0 3,941 LR-requirement an
Slide 16: Well positioned for the future
Well positioned for the future • The strength in our business model with several income streams once again proven – strongest results in the history of Avanza • Strong growth figures • Solid initial progress within our strategic priorities – and high engagement internally • The long-term societal tr
Slide 17: Opening up for questions
neEceetl Opening up for questions