Slide 1: Interim Presentation Q3 – 2022
Instabank Interim Presentation Q3 – 2022 November 3rd, 2022 instabank.no www.instabank.no
Slide 2: Important information and disclaimer
Important information and disclaimer THIS PRESENTATION (THE “PRESENTATION”) HAS BEEN PRODUCED BY INSTABANK ASA (THE “COMPANY” OR “INSTABANK”), SOLELY FOR USE AT THE PRESENTATION TO INVESTORS AND IS STRICTLY CONFIDENTIAL AND MAY NOT BE REPRODUCED OR REDISTRIBUTED, IN WHOLE OR IN PART, TO ANY OTHER PE
Slide 3: Key highlights Q3-22
Key highlights Q3-22 Profit before tax of 24.6 MNOK, after-tax 18.4 MNOK Impacted by loss on securities of 4.5 MNOK and legal advisory cost of 1 MNOK Growth in net loans of 93 MNOK Adjusted for NPL portfolio sales growth was 159 MNOK Mortgages volume growth of 195 MNOK Mortgages represent 37 %
Slide 4: Net loan development
Net loan development Net loan balance growth Net loans to customers MNOK MNOK 398 4 427 4 5 00 4 334 3 936 290 298 4 0 00 3 609 3 783 212 204 1 437 1 632 195 3 5 00 1 147 163 173 998 149 153 3 0 00 794 140 124 104 96 87 93 68 2 5 00 57 29 15 1 143 2 0 00 13 1 172 1 239 1 402 1 5 00 1 388 -8 -9 -16 -
Slide 5: Diversified loan portfolio
Diversified loan portfolio Net Loans # Customers* Avg Ticket Size* Yield Consumer Loans 2,361’’ 23,432 101’ 10.8 % Mortgages 1,632 1,941 841’ 6.4 % Sales Finance 174’’ 21,436 8’ 16,1 % Credit Card 259’’ 5,768 45’ 14.9 % Total 4,427’’ 52,577 84’ 9.6 % *) Includes accounts with zero balance with an av
Slide 6: Diversified funding volume
Diversified funding volume Volume # customers Avg. deposit Avg. deposit size rate in Q3-22 Norway 2,711’’ 9,243 293’ 1.68 % Finland 417’’ 3,935 106’ 0.37 % Germany 1,519’’ 6,566 231’ 0.58 %* Sweden 55’’ 1,723 32’ 0.54 % Total 4,703’’ 21,467 219’ 1,23 % *) Includes partner margin 6
Slide 7: Development in yields and funding cost
Development in yields and funding cost Development in yields and funding cost Key comments ▪ The Norwegian central bank introduced several rate hikes in the third 11,2 % 11,2 % 10,9 % 10,8 % 10,6 % quarter of 2022 to fight inflationary pressure. Higher interest rates have substantially increased our
Slide 8: Total income
Total income Total income Total income detailed MNOK 89,8 MNOK 86,2 85,4 88,0 86,2 8,4 5,7 9,8 7,1 10,0 94,8 98,9 85,7 90,4 90,3 -9,5 -10,5 -12,2 -15,2 -18,5 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Total Interest income Interest expenses Net other income Key comments ▪ Total inte
Slide 9: Operating expenses
Operating expenses Operating expenses breakdown Key comments MNOK 39,7 40,2 38,0 ▪ The reductions in operating expenses from the last quarter came from 1,6 2,3 reduced marketing cost, partly offset by increased personnel cost and 33,2 31,9 2,0 1,6 1,4 12,6 administrative costs 17,3 14,0 13,1 12,3 ▪
Slide 10: Credit risk
Credit risk Impairment losses Losses per loan type MNOK 3,0 % 2,9 % 2,9 % 2,8 % 30,0 10,0 % 2,6 % 2,6 % 23,0 24,0 23,7 2,4 % 2,3 % 2,2 % 20,5 20,5 2,0 % 2,0 % 2,1 % 20,0 5,0 % 10,0 1,0 % 2,3 % 2,4 % 2,2 % 0,7 % 0,6 % 0,6 % 2,0 % 2,1 % 0,5 % 0,3 % 0,0 0,00,0 % % Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q3-21 Q4
Slide 11: Profit development
Profit development Net profit Key comments MNOK ▪ Profits in Q3-22 was negatively impacted by an unrealised loss on securities of 4.5 MNOK and legal advisory costs related to the Lunar legal proceedings 34,9 32,6 24,4 25,5 25,2 24,6 23,7 20,6 17,8 18,4 16,6 % 16,6 % 13,2 % 12,6 % 10,9 % Q3-21 Q4-21
Slide 12: Capital adequacy
Capital adequacy Developments in capital adequacy ratios Key comments • Common equity Tier 1 Capital ratio increased to 19.7 % from 18.9 % per 22,4 % 22,3 % 22,3 % 22,5 % 21,7 % the end the previous quarter as a result of sale of NPL portfolios as well as 1,8 % 1,7 % 1,7 % 1,6 % increased share of m
Slide 13: Produkter og markeder
Produkter og markeder Banken leverer produkter rettet mot privatmarkedet og potensielt lønnsomme nisjer i bedriftsmarkedet Overordnet produktprioritering: Område Mål Prio • Det er en ambisjon å oppnå en mer diversifisert Sikrede lån Maksimeres 1 utlånsbalanse. Kredittkort Økes 2 • Lån med sikkerhet
Slide 14: Share price and ownership
Share price and ownership Instabank is listed at Euronext Growth at Oslo Børs, ticker “INSTA” Top 20 shareholders as of October 31 st 2022 Share price development last 12 months # Shareholders # of shares % Share price (NOK) 1 KISTEFOS AS 83 126 568 24,99% 2 HODNE INVEST AS 30 588 311 9,20% 3 VELDE
Slide 15: Financial summary
Financial summary P&L (NOK ‘000) Balance sheet (NOK ‘000) P&L Q3-22 Q2-22 Q1-22 FY 2021 Q4-21 Q3-21 Balance Sheet 30.09.22 30.06.22 31.03.22 31.12.21 30.09.21 Total income: Assets Interest Income using the effective interest method 98 946 94 818 90 492 320 034 90 444 85 705 Loans and deposits with c
Slide 16: Thank You
Thank You instabank.no www.instabank.no