Coop Pank As · OMXTSE:CPA1T
Coop Pank As — Q2 2020 Earnings Presentation
16 slides from Coop Pank As's earnings presentation, Jul 21, 2020
Slide 1: Coop Pank Group Unaudited results of 21.07.2020
Coop Pank Group Unaudited results of 21.07.2020
Slide 2: Business volumes
Business volumes Loans Deposits m€ +178.7 +47% m€ +206.1 +50% +55.2 +11% +67.8 +12% 559 615 504 507 547 418 460 478 381 409 Q2 2019 Q3 Q4 Q1 2020 Q2 Q2 2019 Q3 Q4 Q1 2020 Q2 Daily banking clients Operating and net profit '000 +22.8 +44% '000 € +111.0 +9% +5.1 +7% -99.0 -7% 75 3 109 64 69 2 675 52 56
Slide 3: Results of Q2 2020 – compared to Q1 2020
Results of Q2 2020 – compared to Q1 2020 Key indicators in quarterly comparison • Revenues +5% • Net interest increased +0.5m€ as loan portfolio grew by Q2 Q1 Quarterly 2020 2020 change 55m€ Net operating income ('000 €) 7 464 7 117 +347 +5% • Decrease of service fees related to temporary slowdown I
Slide 4: Results of Q2 2020 – compared to Q2 2019
Results of Q2 2020 – compared to Q2 2019 Key indicators in year on year comparison • Revenues +33% • Net interest grew +1.8m€ in relation to increased loan Q2 Q2 Year on Year 2020 2019 change portfolio Net operating income ('000 €) 7 464 5 622 +1 842 +33% • Service fees lower due to exit from non re
Slide 5: Increased loan portfolio in all business lines
Increased loan portfolio in all business lines Net loan portfolio • Loan portfolio growth +55m€ (+11%) m€, % (+44m€ in Q1 2020) 6.5% 6.5% 6.5% 6.4% 6.4% • Business loans +28m€ (+16%) • Private mortgage loans +20m€ (+10%) Gross interest of portfolio • Leasing +5m€ (+7%) • +179 +47% Consumer loans +2m
Slide 6: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.7% 5.7% 5.7% 5.6% 5.6% 3.8% 3.7% 3.7% 3.6% 3.6% 176 205 201 221 140 160 156 169 181 121 Q2 2019 Q3 Q4 Q1 2020 Q2 Q2 2019 Q3 Q4 Q1 2020 Q2 Gross loan portfolio Gross interest % Gross loan portfolio Gross int
Slide 7: Payment grace periods caused additional loss allowances
Payment grace periods caused additional loss allowances Loans past due and loss allowances in balance sheet • Past due portfolio stays at 7% m€, % • 70m€ of loan portfolio currently on payment holidays 7% 7% 7% 6% 5% • In relation of Coronavirus impact to economy, ca 37.4 1.1m€ of additional loss al
Slide 8: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 7% 6% 5% 4% 5% 4% 4% 3% 3% 3% 12.1 12.9 7.8 6.5 6.1 5.7 6.5 6.4 6.3 0.6 4.8 4.5 5.0 0.6 0.5 0.5 0.5 3.2 5.0 7.1 6.6 7.2 3.5 3.3 5.9 4.3 5.6 5.1 - 1.5 - 1.6 - 1.4 1.7 - 1.9 - 0.5 - 0.5 - 0.5 - 0.7 - 0.7 Q2 2019
Slide 9: Amount of deposits increased, cost decreased
Amount of deposits increased, cost decreased Deposits • Deposit growth +68m€ (+12%) m€ (+41m€ in Q1 2020) Total cost of financing • Demand deposits grew +33m€ (+20%) 1.1% 1.0% 1.1% 1.0% 1.0% • +23m€ from business clients 1.0% • +10m€ from private clients 0.9% 1.0% 0.9% • 0.9% Term deposits +35m€ (+9
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 • 5 100 new clients with bank account in Q2 (+5 600 in Q1 2020) Market share % • +4 600 private clients Market share of deposits 2.6% 2.7% 2.7% • +500 business clients 2.5% 2.2% 2.7% 2.5% 2.1% 2.3% • Market share gro
Slide 11: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Liquidity coverage ratio (LCR) m€, % % 24.3% 965% 21.9% 20.8% 18.4% 716% 17.0% 690% 682% 385 394 345 311 392% 283 100% 84 84 82 52 53 Q2 2019 Q3 Q4 Q1 2020 Q2 Q2 2019 Q3 Q4 Q1 2020 Q2 Total eligible capital RWA Capital adequacy ratio LCR Re
Slide 12: Awareness of Coop Pank increased
Awareness of Coop Pank increased Brand awareness of Coop Pank Preference and consideration of banks 96% Swedbank 97% Swedbank 32% 26% 58% 94% SEB Coop Pank 17% 41% 57% 93% 72% LHV LHV Pank 24% 31% 55% 68% 62% SEB 21% 32% 53% Coop Pank 55% Luminor 19% 21% 51% Luminor 44% Do not consider other banks /
Slide 13: Amount of shareholders has increased
Amount of shareholders has increased Amount of Coop Pank shareholders TOP shareholders No of shareholders Shareholder distribution of Coop Pank as at 30.06.2020 +443 +685 +422 12 401 11 958 43 11 273 48 Coop 10 851 46 Investeeringud 45 25% Others 36% 11 910 12 358 10 806 11 227 Cooperatives 18% Eest
Slide 14: Share price
Share price Coop Pank share price and trading volume by dates Coop Pank share price compared to other banks Share price (€) and trading volume (thousand shares) Share prices indexed to 100 as at 10.12.2019 1.21 140 1.13 123 1.12 117 120 1.07 1.06 1.07 109 96 98 1.06 100 0.96 88 80 89 83 0.93 80 554
Slide 15: Summary: Q2 2020 results
Summary: Q2 2020 results • Loan portfolio increased by 55m€, deposits by 68m€ • 5 100 new clients • Increase of effectiveness: revenues up by 5%, costs down by 2% 5 100 new clients • 0.7m€ of additional loan impairments due to payment grace periods • Strong capital position 1.4m€ profit • 400 new sh
Slide 16: Kerli Lõhmus
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