Btv Vier Lander Bank Ag · VIE:BTS
Btv Vier Lander Bank — Debt Investor Presentation (July 2025)
42 slides from Btv Vier Lander Bank's debt investor presentation, July 2025
Slide 1: BTV Vier Länder Bank AG July 2025
BTV Vier Länder Bank AG July 2025
Slide 2: Content
Content 1. Company portrait 2. Our business philosophy 3. Balance sheet and P&L 4. Funding 5. Cover pool 6. Summary 7. Contacts
Slide 3: Company portrait
company portrait
Slide 4: Milestones
Milestones Founding On8 April, ajoint- stock company was founded under the name ‘Bank fiir Tirol and Vorarlberg’. 1904 1924 The Miracle from Inn BTV can pay out the savings deposits to its customers as the only regional joint stock bank. Association of the ‘3 Banken Gruppe‘ Today, Oberbank AG, BKS B
Slide 5: Four countries – one bank
Four countries – one bank The market area of the BTV VIER LÄNDER BANK is full of opportunities. It extends from Tyrol, Vorarlberg and Vienna through southern Germany and German-speaking Switzerland to South Tyrol. We’re represented at the most important hubs with a total of 37 branch offices. Source
Slide 6: Top economic development in our markets
Top economic development in our markets Tyrol performs well in the AT comparison and can avoid a recession; economic output stagnates 0.0% in 2024 * Low unemployment rate in Tyrol and Vorarlberg 4.3 % respectively 5.6 % in 2024 Tyrol is the region with most guests Baden-Württemberg is the German
Slide 7: The DACH region: one of Europe's most attractive economic regions
The DACH region: one of Europe’s most attractive economic regions Economic data Austria Germany Switzerland Euro zone GDP growth (2024) −1,4 % −0,2 % 1,3 % 0,9 % Inflation (2024) 2,9 % 2,5 % 1,1 % 2,4 % Unemployment (2024) 5,2 % 6,0 % 2,4 % 6,4 % National debt in % of the GDP (2024) 81,8 % 62,5 % 37
Slide 8: 2024: Political and economic developments
2024: Political and economic developments The ECB’s key interest rate cuts are High energy and raw material prices driven having a positive impact on inflation. by the scarcity of fossil resources and capital expenditures for the implementation of new energy systems. Interest rate cuts have contribu
Slide 9: 2025: Challenges
2025: Challenges Falling investment, weak exports and Rising national debt stagnating private consumption Global economic growth remains Energy transition accompanied by high energy weak costs, which further paralyze the economy Persistent geopolitical trouble spots – protectionism, tariffs, wars ©
Slide 10: BTV at a glance
BTV at a glance Equity Total assets Loans Cost-Income-Ratio Consolidated net Assets under S&P cover pool income management rating CET1 capital ratio before tax as per CRR Source: BTV annual report, status: 31.12.2024 © BTV AG 10
Slide 11: Business model
Business model Corporate and business customers Retail customers Finance & Hedging – bank guarantees, Mortgage loans Consumer credits Financing – Hedge foreign trade, currency resources, investments, structured, management and interest Subsidized lending syndicated, mezzanine rate management ‘ Subsi
Slide 12: BTV shareholder structure as of 31.12.2024
BTV shareholder structure as of 31.12.2024 16.35% BKS Bank AG, Klagenfurt **) including subordination syndicate parties: 37.53% CABO Beteiligungsgesellschaft m.b.H., BTV Privatstiftung; Doppelmayr Seilbahnen GmbH; Vienna *) Vorarlberger Landes-Versicherung V.a.G. 18.16% Oberbank AG, Linz **) includi
Slide 13: Strategic investment portfolio
Strategic investment portfolio Source: BTV, status: 31.12.2023, for further information on the respective shareholdings please refer to the BTV Annual Report. © BTV AG 13
Slide 14: Our business philosophy
Jur business philosophy
Slide 15: BTV Strategy Wheel with all fields of action
BTV Strategy Wheel with all fields of action Market and environment Strengths and assets Business isn’t romantic. Fields of action We act from a position of strength. • Intense competition • Entrepreneurial attitude • Increasing regulation Sustainability • Commitment • Digitalisation and innovation
Slide 16: Business philosophy Create. Values. Sustainably.
Business philosophy Investing instead of Values Spirit & • BTV provides banking as it used to be: deposits attitude speculating from the region go back into the region in the form of loans to innovative companies, projects and private individuals. • We manage savings prudently and Create. Values. Su
Slide 17: Sustainability strategy
Sustainability strategy As part of its sustainability goals, BTV supports the 2030 Agenda of the United Nations, which was enacted in September 2015. That agenda centres around the 17 Sustainable Development Goals (SDGs). © BTV AG 17
Slide 18: Sustainable development
Sustainable development UN Sustainable Development Goals and sustainability regulatory Society & Social Affairs Customers & products • Societal • Responsible Financing responsibility • Responsible Investing • Social responsibility Strategy & • Digitalisation and innovation • Art & culture governance
Slide 19: Balance sheet and P&L
Balance sheet und P&L
Slide 20: BTV business development
BTV business development Balance sheet in 31.12.2020 31.12.2021 31.12.2022 31.12.2023 31.12.2024 ∆ 2023/2024 million € Customer loans 8.036 8.081 8.452 8.615 8.794 +2.1 % Primary funds 9.649 9.394 9.743 10.653 11.458 +7.6 % Equity 1.787 1.881 2.074 2.284 2.488 +8.9 % Total assets 13.969 14.265 14.09
Slide 21: BTV business development
BTV business development Total assets in million € Operating on a growth trajectory 15.391 Supported by the encouraging development in 14.857 13.969 14.265 14.098 customer loans and primary deposits, our total assets increased significantly. 2020 2021 2022 2023 2024 Source: BTV annual report, status
Slide 22: Lending volume
Lending volume Volumes in million € Continuous credit growth 8.794 8.452 8.615 The success with customer loans is 8.036 8.081 directly related to the permanent support of customers by the BTV advisors. The growth was driven by corporate banking. 2020 2021 2022 2023 2024 Source: BTV annual report, st
Slide 23: Lending volume
Lending volume Non-performing loans ratio 3,3% NPL ratio at a low level A challenging economic environment 2,5% leads to an increase in the NPL ratio. 2,0% 2,0% Compared to industry peers the NPL 1,8% ratio remains at a low level. 2020 2021 2022 2023 2024 Source: BTV annual report, status: 31.12.202
Slide 24: Credit risk by country
Credit risk by country Loans to credit institutions and to customers, other financial assets and guarantees Distribution by country Investing in the region Other 7,6% 92.4 % of the credit risk in Austria, Germany and Switzerland. Switzerland 9,4% Austria 47,9% Germany 35,1% Source: BTV annual report
Slide 25: Credit risk by economic sector
Credit risk by economic sector Loans to credit institutions and to customers, other financial assets and guarantees Cable cars 1,8% Other 1,8% Energy and water supply 1,6% Transport and communications 2,2% Well diversified loan Public sector 3,1% portfolio Manufacturing 22,1% Services 5,4% The loan
Slide 26: Assets under management in million €
Assets under management in million € 20.335 17.092 18.450 17.422 16.438 Strong customer confidence 8.877 One of BTV’s strengths ist the securities business. Custody 7.797 8.028 7.349 accounts The deposit volume grew considerably. 6.789 High volumes of customer funds increase 11.458 9.649 9.743 10.65
Slide 27: Equity in million €
Equity in million € Solid equity 2.488 2.284 2.074 BTV’s equity position offers customers security and 1.881 1.787 allows us to accompany them over the long term. Due to our stable income position, we were able to further strengthen our equity. 2020 2021 2022 2023 2024 18,1% 15,6% 15,6% 12.24 % 9.87
Slide 28: BTV P&L development
BTV P&L development in million € 31.12.2020 31.12.2021 31.12.2022 31.12.2023 31.12.2024 ∆ 2023/2024 Net interest income 131 137 178 252 266 +5.7 % Net fee and commission income 55 55 57 58 61 +5.9 % Impairment charges –47 –23 –25 –32 –39 +23.0 % Administrative expenses –187 –183 –217 –239 –268 +12.2
Slide 29: Net interest income and net commission income in million €
Net interest income and net commission income in million € 61 Stable development of earnings 58 266 The most significant pillar of the net fee and 252 57 commission income is the securities business. Net fee and commission 55 55 Some important parameters for the positive income 178 trend of the net
Slide 30: Cost structure: CIR
Cost structure: CIR Improved cost-income ratio 64,8% 61,7% 62,6% The strong operating result is reflected in the ongoing reduction 46,8% 46,5% of the cost-income ratio since 2023 and in improved operational efficiency. 2020 2021 2022 2023 2024 Source: BTV annual report, status: 31.12.2024 © BTV AG 3
Slide 31: Key performance indicators
Key performance indicators 2020 2021 2022 2023 2024 ∆ 2022/2023 CET1 capital ratio as per CRR 13.8 % 13.6 % 14.6 % 15.0 % 15.6 % +0.6 % points Total capital ratio as per CRR 16.7 % 16.5 % 17.3 % 17.6 % 18.1 % +0.5 % points Non-performing loans ratio 2.0 % 2.0 % 1.8 % 2.5 % 3.3 % +0.8 % points Cost i
Slide 32: Funding
© Getty Images
Slide 33: Funding sources
Funding sources by volume in million € by maturity 4,8% 15,8% 9.757 1.057 49,7% 11,4% 1.702 18,3% due daily up to 3 months 3 months to 1 year 1 to 5 years more than 5 years Customer deposits Promotional banks Bonds and subordinated capital Source: BTV, status: 31.12.2024 © BTV AG 33
Slide 34: Cover pool
Jover pool
Slide 35: Development of the real estate market 2015–24
Development of the real estate market 2015–24 Change of average housing prices per m2 in Change of average housing prices in the federal states and in the federal states and in Austria overall Austria overall 6.000 Region 2017 2018 2019 2020 2021 2022 2023 2024 5.000 Austria 3.3 % 6.7 % 6.3 % 4.5 %
Slide 36: Highlights – BTV mortgage cover pool
Highlights – BTV mortgage cover pool Rating S&P: AAA rating with outlook ‘stable’ HIGH overcollateralisation Strict award guidelines Emphasis on residential properties (69%) Well diversified (average of 250 thousand € per debtor) Cover assets in a strong economic region with limited living space Rep
Slide 37: Mortgage cover pool in million €
Mortgage cover pool in million € Key performance indicators in million € or % Residentially, privately used 497 Distribution Residentially, commercially used 53 Commercial 242 Other federal states 4% Germany 7% Total cover assets (93% Austria) 792 Lower Austria 3% Overcollateralisation in million €
Slide 38: High overcollateralisation – focus on residential
High overcollateralisation – focus on residential € 792 m Primary coverage Overcollateralisation Type of use Credit volume € 355 m Issued Covered Commercial 43% Bonds 31% € 436 m Residential 69% 17% 10% 8% 6% Cover pool Covered Bonds ≤ 300 ≤ 500 ≤1 ≤5 >5 Tsd. € Tsd. € Mio. € Mio. € Mio. € Source: BT
Slide 39: Summary
Summary Independence is the most important goal Mortgage cover pool Stable and sustainable owner • Rating S&P: AAA rating with outlook ‘stable’ structure • Emphasis on residential properties High stability Sustainability strategy • Strong operating income • Sustainable development of the BTV • 15.6
Slide 40: Contact
sontact
Slide 41: Points of contact
Points of contact Mario Pabst Silvia Vicente Jonathan Wieser MSc CFO Deputy member of the Management Teamleader Treasury T +43 505 333 – 1020 Board T +43 505 333 – 1213 E mario.pabst@btv.at T +43 505 333 – 1200 E jonathan.wieser@btv.at E silvia.vicente@btv.at © BTV AG 41
Slide 42: Disclaimer
Disclaimer This presentation (the ‘Presentation’) was created by the BTV Vier Länder Bank AG (the ‘Company’) exclusively for advertising purposes. It should be used only for your information and does not constitute a financial analysis; advice or a recommendation related to financial instruments; an
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