Slide 1: Webinar on the audited consolidated financial results of 2022
IND=XO Webinar on the audited consolidated financial results of 2022 Valdis Siksnis Henrik Karmo Chairman of the Board Board Member March 1, 2023
Slide 2: 40% annual growth in the last 5 years
40% annual growth in the last 5 years IND=XO"
Slide 3: Launched in 2017; bank launch and listing milestones
Launched in 2017 In April 2021 launched In July 2022 held a as a and the for Bank in with automated investment business Latvia decisions in index funds
Slide 4: Data source: manapensija.lv
Data source: manapensija.lv
Slide 5: State-funded pension plans ongoing cost figures
State-funded pension scheme investment plan “INDEXO Izaugsme 47-57” 0.576% 0.651% 7.5 bps State-funded pension scheme investment plan “INDEXO Jauda 16-50” 0.600% 0.648% 4.8 bps State-funded pension scheme investment plan “INDEXO Konservatīvais 55+” 0.523% 0.557% 3.4 bps OCF = ongoing cost figure, wh
Slide 6: Key 2022 Highlights
Key 2022 Highlights IND=EXO , 584,9 million EUR Total value of AUM 99,7k Total number of customers Up to 7.5 bps OCF decrease 2,3 million EUR Commission income generated 32,2k Number of new customers IND=XO" 6
Slide 7: Commission income Dec 2021 vs Dec 2022
Commission income Commission income Dec 2021 Dec 2022
Slide 8: Customer retention Dec 2022 vs Dec 2021
Dec 2022 customer retention Dec 2021 customer retention
Slide 9: Jauda pension plan switch to 100% equities completed
Jauda pension plan switch to 100% equities was completed 75% Equities IND=XO"
Slide 10: Market share AUM and clients
585 468 279 179 28 70 2017 2018 2019 2020 2021 2022 100 68 49 33 19 4 2017 2018 2019 2020 2021 2022 9% 7% 5% 6% 4% 4% 4% 2% 1% 3% 1% 0% 2017 2018 2019 2020 2021 2022 Market share AUM Market share clients Data source: annual reports, manapensija.lv data, internal data
Slide 11: Net inflows by pension manager
INDEXO 110M INVL 27M Integrum 0M Luminor -86M Citadele -108M SEB -115M Swedbank -155M Data source: manapensija.lv
Slide 12: Data source: manapensija.lv
Data source: manapensija.lv
Slide 13: 2018 2019 2020 2021 2022 018 2019 2020 2021 2022
575 464 91 65 279 49 179 33 19 70 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
Slide 14: AUM bridge Q4 2021 to Q4 2022
Q4 2021 Monthly Inflows from Churn Market returns Q4 2022 contributions new clients
Slide 15: From 4.2 million euro in Dec 2021 to 6.5 million euro in Dec 2022
Q4 2021 Monthly Inflows from Churn Market returns Q4 2022 contributions new clients From: 4.2 million euro in Dec 2021 To: 6.5 million euro in Dec 2022
Slide 16: Quarterly figures Q4 2021 to Q4 2022
8.8 10.2 7.5 8.0 6.2 5.6 6.4 4.2 3.9 2.5 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Slide 17: Jan–Dec 2022 results
Jan – Dec 2022 Commission and other income EUR 2 277 620 Administrative and other expenses allocation EUR (783 893) Operating income before client acquisition EUR 1 493 727 and other business project expenses Client acquisition EUR (1 579 333) Pension management operating result EUR (85 606) Bank de
Slide 18: Client acquisition is partially capitalized
Client acquisition is partially capitalized and should be viewed ona cash flow basis IND=XO" Capitalized Expensed _ \ Cash flow invested 18
Slide 19: We have invested 1,2 million EUR in bank development
We have invested 1,2 million EUR in bank development Selected key systems . . . Actively engaging customers in bank (Mambu core banking, Nets card Processing, product design Microsoft Dynamics CRM and ERP) Mobile app development in progress Key staff members recruited Licensing applications submitte
Slide 20: Potential INDEXO credit card design
Simple for everyday user, customizable for power users Potential INDEXO credit card design
Slide 21: Consolidated statement of comprehensive income
Jan – Dec Jan – Dec Notes 2022 2021 Group Group EUR EUR Commission and fee income 2 2 277 620 1 602 021 Administrative expenses 10 (3 514 964) (1 581 787) Interest income calculated using the effective interest rate 3 2 495 - Interest expense 4 (3 147) (1 386) Other operating expenses (32 738) (9 94
Slide 22: Consolidated statement of financial position
Dec Dec Notes 2022 2021 Group Group EUR EUR ASSETS Placements with financial institutions 6 7 231 123 1 162 841 Receivables 7 220 190 169 055 Prepayments 8 24 279 3 465 Contract acquisition costs 9 990 417 535 977 Other assets 6 937 2 828 Intangible assets 10 177 177 108 114 Property, plant and equi
Slide 23: Statement of changes in equity
Notes Share capital Share options Share premium Retained losses Total EUR EUR EUR EUR EUR At 31.12.2020 3 016 987 5 436 77 175 (1 454 236) 1 645 362 Total comprehensive profit/(loss) for the period - - - 8 901 8 901 At 31.12.2021 3 016 987 5 436 77 175 (1 445 335) 1 654 263 Increase in Share option
Slide 24: Cash flow statement
Jan – Dec Jan – Dec Notes 2022 2021 Group Group EUR EUR Cash flow from operating activities Profit/(loss) before corporate income tax (1 270 734) 8 901 Depreciation of PPE and amortisation of right-of-use assets 10 69 760 28 662 Amortisation of contract acquisition costs 9 139 277 65 977 Amortizatio
Slide 25: For a better financial environment in Latvia!
For a better financial environment in Latvia! indexo.lv/investors