Avanza Bank Holding Ab · OMXSTO:AZA
Avanza Bank Holding Ab — Q3 2021 Earnings Presentation
16 slides from Avanza Bank Holding Ab's earnings presentation, Oct 18, 2021
Slide 1: Avanza's third quarter 2021 Results presentation
18 October 2021 Avanza’s third quarter 2021 Results presentation
Slide 2: Customer growth of 308,000 in 2021 (+41% Y/Y)
Customer growth of 308,000 in 2021 (+41% Y/Y) 80 000 2020 2021 70 000 60 000 No.of new customers 50 000 40 000 30 000 20 000 10 000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 3: Net inflow of SEK 71,900m in 2021 (+25% Y/Y)
Net inflow of SEK 71,900m in 2021 (+25% Y/Y) 14 2020 2021 12 10 SEK billion 8 6 4 2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 4: Strong growth in fund capital adding more recurring income
Strong growth in fund capital adding more recurring income 250 203 200 195 177 151 150 SEK billion 134 120 109 114 102 100 94 93 81 50 0 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 5: Brokerage-generating turnover per trading day still on a high level
Brokerage-generating turnover per trading day still on a high level 9 000 2019 2020 2021 8 000 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 6: The largest Swedish participant on Nasdaq OMX and First North
o Market share, % 0 5 10 15 20 25 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 and First North Q2-18 Transactions Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 SHB Q1-20 Q2-20 Avanza Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Nordea Carnegie 0 1 2 3 4 5 6 7 8 9 10 Nordnet Swedbank Q1-15 Q2
Slide 7: Launches and high rankings as an employer
Launches and high rankings as an employer o A new index-tracking fund Avanza Sweden was launched o Stop Loss in the apps was added , which enables customers to sell or buy a share at a predetermined price o Named the most recommended financial brand in Sweden and second most recommended Swedish bran
Slide 8: Employee engagement a key success factor for Avanza
Employee engagement a key success factor for Avanza Long-term targets Continuous growth o Customer satisfaction – keep the No 1 position o Continuous growth in both number of customers and volume o Create possibilities for continued strong innovation Customer satisfaction Strong innovation
Slide 9: Financials – Q3 results
Financials — Q3 results avanzaulll
Slide 10: Second strongest quarter ever
Second strongest quarter ever Q3 21 Q2 21 ∆% 9M 21 9M 20 ∆% Operating income, SEK m 767 754 2 2,477 1,643 51 Operating expenses, SEK m -192 -216 -11 -611 -541 13 Operating profit, SEK m 574 536 7 1,866 1,091 71 Net profit, SEK m 481 451 7 1,563 917 71 Operating margin, % 75 71 4 75 66 9 ROE, % 44 46
Slide 11: Lower, but still strong net brokerage. Fund commissions steadily growing
Lower, but still strong net brokerage. Fund commissions steadily growing 1 000 957 900 754 767 800 700 575 600 542 526 643 Revenue, SEK m 500 400 329 313 267 267 268 284 300 200 100 0 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Total income Income from sales of shar
Slide 12: Seasonally lower costs and increased estimate for 2022
Seasonally lower costs and increased estimate for 2022 216 200 192 205 212 179 185 164 166 179 164 148 Operating expenses, SEK m 150 155 135 100 50 0 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Total expenses Non-reccuring items Personnel Marketing Depreciation Othe
Slide 13: High scalability in Avanza's business model
High scalability in Avanza’s business model 160 800 000 142 Savings capital, SEK m 140 700 000 120 600 000 Basis points 100 500 000 73 80 400 000 60 300 000 49 40 200 000 20 100 000 12 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 9m Savings capital In
Slide 14: Strong capital position and additional dividend proposed
Strong capital position and additional dividend proposed 30 September 31 December 2021 2020 Total capital requirement, % 12.9 13.1 Capital surplus, % 13.2 11.3 Total capital ratio, % 26.2 24.4 Leverage ratio,% 4.5 4.9 Capital surplus after LR-requirement and internal buffer 0.7 1.1 14
Slide 15: Well positioned for the future
Well positioned for the future o Low risk balance sheet o Well capitalised o Strong growth in savings capital o Competitive cost to savings capital ratio of 12 bps
Slide 16: Opening up for questions
Opening up for questions = ou sa World Tech 5 ot e Avanza Gle vee sminoirs299) gf aget, i a0 aa ani Mer till dig, 7 mindre till banken =a avanzaulll