Danske Bank A/s · OMXCOP:DANSKE
Danske Bank A/s — Danske Mortgage Bank — Debt Investor Presentation (2025)
20 slides from Danske Bank A/s's debt investor presentation, Jun 6, 2025
Slide 1: Danske Mortgage Bank Plc – Investor presentation
Q1 2025 Danske Mortgage Bank Plc – Investor presentation Danske Bank 1
Slide 2: Agenda
Agenda 1. Danske Bank Group - Covered Bond Universe 2. Danske Bank – Personal Customers Finland 3. Danske Mortgage Bank Plc 4. Appendix – Nordic macro 5. Contacts Danske Bank 2
Slide 3: Danske Bank Group – Covered Bond Universe
Danske Bank Group – Covered Bond Universe Danske Bank 3
Slide 4: Danske Bank covered bond universe
Danske Mortgage Bank Q1 2025 Danske Bank covered bond universe A transparent pool structure, with EUR issuance by Danske Mortgage Bank & Danske Bank A/S “D-pool” and “C-pool” Danske Bank A/S C-pool1 S&P AAA Residential mortgages Scope AAA • Denmark, D-pool and I-pool • Sweden, Danske Hypotek AB • Fi
Slide 5: Danske Bank – Personal Customers Finland
Danske Bank – Personal Customers Finland Danske Bank 5
Slide 6: Danske Bank Finland
Danske Bank Finland Personal customers Danske Bank 6
Slide 7: We enable individuals to control their daily finances and make better financial decisions
We enable individuals to control their daily finances and make better financial decisions at every life stage, providing financial peace of mind Personal Customers Buying Starting studies a first home Helping individuals make better informed financial decisions in order to realise their ambitions is
Slide 8: Our strategic direction: four strategic focus areas
Our strategic direction I We will make a difference to our customers on four strategic focus areas Forward ’28 Strategy - key focus areas Advisory We want to further enable our customers to make better informed financial decisions by deepening the strength and proactivity of our advisory services. D
Slide 9: Danske Mortgage Bank Plc
Danske Mortgage Bank Plc Danske Bank 9
Slide 10: Danske Mortgage Bank Plc – key messages
Danske Mortgage Bank Plc – key messages Danske Mortgage Bank Plc Provider of EUR covered Expected to issue 1-2 operates a single cover pool 1 bond funding to the Group’s 2 benchmark covered bonds 3 compliant with the Covered Finnish housing loans per year, subject to the Bond Directive (Covered Grou
Slide 11: Danske Mortgage Bank Plc – purpose and structure
Danske Mortgage Bank Plc – purpose and structure Danske Bank Group is committed to the Finnish mortgage market Danske Mortgage Bank Plc – Business Model Loan origination Principal and • Danske Mortgage Bank Plc (DMB) is a wholly owned subsidiary interest Finnish mortgage Danske Bank A/S of Danske Ba
Slide 12: Danske Mortgage Bank Plc – 2025 and beyond, more of the same
Danske Mortgage Bank Plc – 2025 and beyond, more of the same • EUR 4.25bn covered bonds outstanding at end-Mar 2025 The Finnish covered bond benchmark curve 55 • EUR 9.0bn available housing loan collateral in DMB and Finland Branch 50 45 after 80% LTV haircut 40 35 • DMB aim is to issue 1–2 benchmar
Slide 13: Danske Mortgage Bank Plc - cover pool characteristics, Q1 2025
Danske Mortgage Bank Plc - cover pool characteristics, Q1 2025 Characteristics Assets Collateral type Finnish residential mortgages Loan volumes by region, % 5% 2% Loans in cover pool EUR 5.4bn 6% Number of Loans 68 043 Number of Borrowers 77 645 8% Number of Properties 62 691 Average Loan Size EUR
Slide 14: Effect of market value declines on LTVs and eligible assets
Danske Mortgage Bank Plc - effect of market value declines on LTVs and eligible assets Residential real-estate price sensitivity: Effect of simulated market value declines on eligible asset volumes (pool cut-off date 31-03-2025) 6.0 Key points Moderate effects: 5.0 Over collateralisation • A 20% fal
Slide 15: Finnish housing market in early recovery phase
Danske Mortgage Bank Plc - Finnish housing market in early recovery phase The number of transactions of pre-owned apartments increased in 2024 to a level about 10% below normal historical average. The recovery was helped by lower interest rates releasing some of the pent-up demand. The recovery has
Slide 16: Appendix – Nordic macro
Appendix – Nordic macro Danske Bank 16
Slide 17: Nordic macroeconomics
Danske Mortgage Bank Plc Q1 2025 Nordic macroeconomics Denmark Sweden Norway Finland EU Real GDP; constant prices Inflation SA Interest rates Unemployment Leading SA Danske Bank 17
Slide 18: Nordic housing markets
Danske Mortgage Bank Plc Q1 2025 Nordic housing markets Denmark Sweden Norway Finland EU Property prices House prices/nom. GDP SA SA Apartment prices Apartment prices/nom. GDP SA Index 2005 = 100, Seasonally Adjusted Danske Bank 18
Slide 19: Danske Mortgage Bank Plc – Contacts
Danske Mortgage Bank Plc – Contacts https://danskebank.com/investor-relations/debt/danske- mortgage-bank Danske Bank 19
Slide 20: Contacts
Danske Mortgage Bank Plc Q1 2025 Contacts Bent Callisen Direct: +45 45 14 12 35 Direct: +45 25 42 53 03 Thomas Halkjær Jørgensen Interim Head of Group Treasury & Mobile: +45 30 10 23 05 Mobile: +45 25 42 53 03 Chief Funding Manager Head of Group Funding call@danskebank.dk thjr@danskebank.dk Janne La
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