Coop Pank As · OMXTSE:CPA1T
Coop Pank As — Q3 2021 Earnings Presentation
17 slides from Coop Pank As's earnings presentation, 2021
Slide 1: Coop Pank Group 2021 Q3 unaudited results
Coop Pank Group 2021 Q3 unaudited results
Slide 2: Business volumes in quarterly comparison
Business volumes in quarterly comparison Loans Deposits m€ +255 +43% m€ +299 +43% +82 +11% +95 +11% 854 891 987 671 696 773 758 849 599 688 Q3 2020 Q4 Q1 2021 Q2 Q3 Q3 2020 Q4 Q1 2021 Q2 Q3 Daily banking clients Net profit '000 +28 +35% '000 € +2 290 +114% +7 +7% +1 270 +42% 100 108 87 93 4 302 80 3
Slide 3: Results of Q3 2021 – compared to Q3 2020
Results of Q3 2021 – compared to Q3 2020 Key indicators in year on year comparison • Revenues +2.3m€ (+29%) • Net interest increased +2.0m€ as loan portfolio grew by Year on Year Q3 2021 Q3 2020 change 255m€ Net operating income ('000 €) 10 327 7 988 +2 339 +29% • Service fees +0.2m€ as no of client
Slide 4: Results of Q3 2021 – compared to Q2 2021
Results of Q3 2021 – compared to Q2 2021 Key indicators in quarterly comparison • Revenues +1.0m€ (+11%) • Net interest +1.0m€ (+12%), loan portfolio +82m€ Quarterly Q3 2021 Q2 2021 change Net operating income ('000 €) 10 327 9 341 +986 +11% Interest 9 345 8 325 +1 020 +12% • Operating expenses +0.5
Slide 5: Loan portfolio growth driven by business loans
Loan portfolio growth driven by business loans Net loan portfolio • Quarterly growth of loan portfolio +82m€ (11%) • Business loans +57m€ (+19%) m€, % • Private mortgage loans +28m€ (+9%) 6.1% 5.9% • Leasing +2m€ (+3%) 5.7% 5.6% Gross interest of portfolio 5.4% • Consumer loans -5m€ (-7%) +255 +43%
Slide 6: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.5% 5.5% 5.1% 5.1% 4.9% 3.6% 3.6% 3.4% 3.4% 3.4% 312 369 264 281 309 337 219 262 270 240 Q3 2020 Q4 Q1 2021 Q2 Q3 Q3 2020 Q4 Q1 2021 Q2 Q3 Gross loan portfolio Gross interest % Gross loan portfolio Gross int
Slide 7: Quality of loan portfolio
Quality of loan portfolio Loans past due and loss allowances in balance sheet • Quality of loan portfolio is high: Past due portfolio only 2% in Q3 2021 m€, % • Amount of payment holidays remains at a low level 5% (ca 4m€ Q3 2021: 0.4% of total portfolio) 3% 3% 3% 2% 33.3 • Credit risk cost ratio 0.
Slide 8: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 6% 2% 2% 3% 2% 2% 2% 1% 2% 1% 12.7 6.4 5.5 6.1 4.6 5.6 4.9 0.6 4.6 4.5 2.9 0.4 2.9 6.6 3.6 2.8 0.6 0.5 4.0 1.9 2.1 2.7 5.9 5.1 0.4 4.0 4.1 2.4 - 2.5 - 3.2 - 3.5 - 3.6 - 3.8 - 0.7 - 0.2 - 0.3 - 0.4 - 0.4 Q3 202
Slide 9: Amount of deposits increased, cost is decreasing
Amount of deposits increased, cost is decreasing Deposits • Deposits grew by 95m€ (11%) compared to Q2 2021 m€ • +77m€ from business clients Total cost of financing (+42m€ demand deposits, +35m€ term deposits) 0.9% • +25m€ from private clients 0.8% 0.8% 0.8% 0.7% (+22m€ demand deposits, +3m€ term de
Slide 10: We are growing client base and market share
We are growing client base and market share Market share and number of bank clients • 7 300 new clients with bank account in Q3 2021 (+7 000 in Q2 2021; +5 400 in Q3 2020) Market share % Market share of loans 4.1% • +6 700 private clients 3.8% 3.4% 3.4% • +600 business clients 3.1% 3.5% 3.6% 3.5% 3.
Slide 11: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Liquidity coverage ratio (LCR) m€, % % 423% 20.7% 19.5% 343% 18.9% 18.9% 16.8% 275% 593 529 197% 486 180% 457 424 100% 80 89 101 100 100 Q3 2020 Q4 Q1 2021 Q2 Q3 Q3 2020 Q4 Q1 2021 Q2 Q3 Total eligible capital RWA Capital adequacy ratio LCR
Slide 12: Performance indicators
Performance indicators Cost / income ratio (CIR) and ROE • Decreased CIR Cost / income ratio % • Revenues +1.0m€ (+11%) • Costs +0.5m€ (+8%) • Increased ROE • Strong monthly net profits in Q3 2021 62% 59% 58% 57% 56% • Exceptionally low impairment cost in Q3 2021 ROE % 16.2% 11.5% 11.9% 10.1% 8.6% Q
Slide 13: Brand awareness and preference as a financial partner
Brand awareness and preference as a financial partner Brand awareness of Coop Pank Preference as a financial partner 96% Swedbank LHV 32% 35% 67% 96% 91% Swedbank 32% 24% 56% SEB 92% Coop Pank 12% 35% 47% 75% LHV 71% SEB 17% 29% 46% 62% Luminor 16% 18% Luminor 58% Other 1% 59% September 2021 Coop Pa
Slide 14: Summary: Q3 2021 results
Summary: Q3 2021 results • Loan portfolio grew by 82m€ in Q3 (+43% YoY) • Deposits increased by 95m€ in Q3 (+43% YoY) • 7 300 new customers (+35% YoY) The Bank now has a total of 108 000 clients with bank account • Net profit 4.3m€ (+114% YoY) 7 300 new clients 4.3m€ profit
Slide 15: Shareholders
Shareholders No of Coop Pank shareholders TOP shareholders No of shareholders Shareholder distribution of Coop Pank as at 30.09.2021 24 575 50 Coop Investeeringud 25% 18 462 49 Others 15 885 40% 44 12 401 12 486 12 867 11 958 47 10 851 11 273 48 43 43 24 525 45 46 18 413 Cooperatives 15 841 18% 11 9
Slide 16: Share price
Share price Coop Pank share price and trading volume by dates Coop Pank share price compared to other banks Share prices indexed to 100 as at 10.12.2019 Share price (€) and trading volume (thousand shares) 450 4.20 LHV Group 403 400 Šiaulių bankas Coop Pank 350 OMX Tallinn 300 3.12 250 285 2.27 2.20
Slide 17: Margus Rink Chairman of Board, CEO
Margus Rink Chairman of Board, CEO margus.rink@cooppank.ee Kerli Lõhmus Member of Board, CFO kerli.lohmus@cooppank.ee https://www.cooppank.ee/en/for-investors