Brd Groupe Societe Generale Sa (romania) · BVB:BRD
Brd Groupe Societe Generale Sa (romania) — BRD - Groupe Société Générale — Q1 2025 Earnings Presentation
26 slides from Brd Groupe Societe Generale Sa (romania)'s earnings presentation, Apr 30, 2025
Slide 1: BRD Group Results 1st quarter 2025
BRD GROUP RESULTS 1st quarter 2025 | 30.04.2025
Slide 2: Disclaimer
DISCLAIMER The preliminary consolidated and separate financial position and income statement for the period ended March 31, 2025 were examined by the Board of Directors on April 29, 2025. The financial information presented for the period ended March 31, 2025 and comparative periods has been prepare
Slide 3: Introduction
1 INTRODUCTION BRD GROUPE SOCIETE GENERALE
Slide 4: Q1 2025: Reliable financing partner for the Romanian economy
Q1 2025: RELIABLE FINANCING PARTNER FOR THE ROMANIAN ECONOMY Lending activity keeps a strong rhythm Loan portfolio (incl leasing) +21% y/y at Mar 2025 end Corporate loans +31% y/y at Mar 2025 end Broad based solid lending dynamic within the corporate segment Individuals loan production, RON 3.3 bn i
Slide 5: Macroeconomic environment
2 MACROECONOMIC ENVIRONMENT
Slide 6: Subdued GDP growth, with inflationary pressures easing
SUBDUED GDP GROWTH, WITH INFLATIONARY PRESSURES EASING GDP GROWTH Modest economic growth throughout Europe 7.3% EU GDP growth of +1.0% in 2024 vs. 2023 6.0% 5.7% 5.7% 4.7% 4.1% RO GDP growth decelerated for four years in a row, at +0.8% y/y in 3.8% 3.6% 3.0% 3.9% 3.4% 2.8% 2024 (vs 2.1% y/y in 2023)
Slide 7: Relatively steady interest rates, increased interbank liquidity
RELATIVELY STEADY INTEREST RATES, INCREASED INTERBANK LIQUIDITY Key rate unchanged, in line with broad market expectations INTEREST RATES NBR maintained the monetary policy rate at 6.5% during Q1 2025, remaining cautious after the first two cuts of 50bps during 2024 8.8% 8.6% 8.3% summer, given the
Slide 8: Prudential banking sector indicators remain robust
PRUDENTIAL BANKING SECTOR INDICATORS REMAIN ROBUST CAPITAL ADEQUACY, L/D & LIQUIDITY RATIOS Solvency and liquidity at comfortable levels Capital adequacy stable at 23.7% as at December 2024 end vs 73.6 71.0 65.9 68.8 71.4 67.8 67.6 December 2023, remaining above the EU average of 20.2% 238 243 293 2
Slide 9: 1st Quarter 2025 BRD Group Results
3 1ST QUARTER 2025 BRD GROUP RESULTS
Slide 10: Expanding digital footprint
EXPANDING DIGITAL FOOTPRINT INTENSE USAGE OF DIGITAL CHANNELS BROADENED DIGITAL OFFER 1.76m YouBRD users at Mar 2025 end, +19% y/y ✓ Cashback loyalty program – launched in June 2024 8.6m transactions via YouBRD in Q1 2025, +20% y/y ~750k enrolled clients, RON 2.3m cashback as of Mar 2025 end 82% of
Slide 11: Strong lending across both corporate and retail
STRONG LENDING ACROSS BOTH CORPORATE AND RETAIL NET LOANS Strong momentum in corporates lending, with higher growth (end of period amounts, RON bn) rates on both segments, SMEs and large corporates y/y Excellent performance on SMEs (+37%) including EU funded loans 51.6 +20.5% 49.7 Leasing portfolio
Slide 12: Robust and diversified deposit base
ROBUST AND DIVERSIFIED DEPOSIT BASE Deposits growth on higher collection from individuals and SMEs Retail deposits, the stable and core source of funding, up +4.3% y/y at Mar 2025 end, building mainly on increasing net inflows in current accounts from individuals (+8.5% y/y) whereas term deposits re
Slide 13: Revenues dynamic build on vigorous lending activity and transactions fees
REVENUES DYNAMIC BUILD ON VIGOROUS LENDING ACTIVITY AND TRANSACTIONS FEES NII +5.9% y/y in Q1 2025 NII increase supported by growth of both retail and corporate loans NET BANKING INCOME (RON m) ✓ retail loans, +14% y/y at Mar 2025 end x ✓ corporate loans, +31% y/y at Mar 2025 end y/y Adjustments of
Slide 14: Costs evolution reflects persistent inflation and high labor market competitiveness
COSTS EVOLUTION REFLECTS PERSISTENT INFLATION AND HIGH LABOR MARKET COMPETITIVENESS Staff expenses increase mainly explained by higher wages and additional benefits adjustments, in a still high inflation context a competitive work environment to retain talent OPERATING EXPENSES (RON m) y/y Non staff
Slide 15: Credit quality indicators
CREDIT QUALITY INDICATORS NET COST OF RISK Net cost of risk at +61 bps in Q1 2025 128 14 0 12 0 93 Cost of risk linked to commercial advances on Retail while 10 0 74 80 Corporate continues to benefit from NPL recoveries. 61 60 36 44 33 38 40 28 34 30 15 26 20 12 - -12 -2 0 -4 0 -47 -6 0 2022 2023 20
Slide 16: Comfortable capital position
COMFORTABLE CAPITAL POSITION SOLVENCY RATIO Solid high quality capital base -11 bps +220 bps -12 bps CAR at 23.4% as of March 2025 end, excluding the impact of the -277 bps new regulatory temporary treatments (valid until 1st of January 2026) 24.1% 23.4% Regulatory own funds composed of Tier 1 and T
Slide 17: Conclusions
A CONCLUSIONS BRD GROUPE SOCIETE GENERALE
Slide 18: Q1 2025: Dynamic commercial activity
Q1 2025: DYNAMIC COMMERCIAL ACTIVITY ▪ BRD remained a reliable partner for its customers and the Romanian economy, as demonstrated by consistently strong commercial performance across the board ✓ Lending outstandings growing +21% y/y, driven by both retail and corporate segments: solid corporate fin
Slide 19: Q&A Session
.) Q&A SESSION BRD GROUPE SOCIETE GENERALE
Slide 20: Appendix
6 APPENDIX BRD GROUP – KEY FIGURES BRD STANDALONE – KEY FIGURES BRD STOCK PRICE PERFORMANCE FINANCIAL CALENDAR FOR 2025 GLOSSARY – CLIENT SEGMENTATION
Slide 21: BRD Group | Key figures
BRD GROUP | KEY FIGURES RON m Q1-2025 Q1-2024 Change Net banking income 1,080 985 +9.7% Operating expenses (573) (529) +8.3% Gross operating income 507 455 +11.3% Financial results Net cost of risk (79) (54) +45.7% Net profit 350 326 +7.2% Cost/Income 53.1% 53.8% -0.7 pt ROE 14.5% 14.5% +0.0 pt RON
Slide 22: BRD Standalone | Key figures
BRD STANDALONE | KEY FIGURES RON m Q1-2025 Q1-2024 Change Net banking income 1,041 942 +10.6% Financial results Operating expenses (558) (511) +9.1% Gross operating income 483 431 +12.2% Net cost of risk (74) (36) +103.5% Net profit 334 322 +3.8% Cost/Income 53.6% 54.3% -0.7 pt ROE 14.5% 15.0% -0.4
Slide 23: BRD | Stock price performance
BRD | STOCK PRICE PERFORMANCE 9,000 24.0 Market capitalisation 8,000 22.0 EUR 2.6 bn 7,000 20.0 6,000 18.0 5,000 16.0 4,000 14.0 12.0 3,000 10.0 2,000 8.0 1,000 6.0 0 Volume ('000 shares, rhs) Price (RON, lhs) ▪ BRD is part of the main market indices on the Bucharest Stock Exchange ▪ BRD’s share pri
Slide 24: Financial calendar for 2025
FINANCIAL CALENDAR FOR 2025 6th February: Preliminary 2024 financial results 24th April: General Shareholders Meeting for approving the 2024 annual financial results 30th April: Presentation of the 1st quarter 2025 financial results 31st July: Presentation of the 2nd quarter and 1st half 2025 financ
Slide 25: Glossary – Client segmentation
GLOSSARY – CLIENT SEGMENTATION ▪ The Retail category is comprised of the following customer segments: • Individuals – BRD provides individual customers with a range of banking products such as savings and deposits taking, consumer and housing loans, overdrafts, credit card facilities, funds transfer
Slide 26: BRD Groupe Societe Generale - Investor Relations
BRD GROUPE SOCIETE GENERALE - INVESTOR RELATIONS +4 021 380 47 62 | investor@brd.ro; www.brd.ro
BRD - Groupe Société Générale — Q1 2025 Earnings Presentation on 6ix