Slide 1: LHV Group Q1 2019 results
LHV Group Q1 2019 results April 16, 2019
Slide 2: Quarter with fastest growth in customer number
Quarter with fastest growth in customer number For customers Instant payments Enterpreneur Account New ATMs Home loans all over Estonia Records in business volumes Customer numbers Loans Deposits (excl. financial intermediaries) Funds Assets under management Card payments Other Recognition for provi
Slide 3: Solid growth trends are continuing
LHV Group Solid growth trends are continuing Financial results, EURt 9 quarters Net interest income Net fee and commission income Other income Total revenue Total expenses Earnings before impairment Impairment losses on loans Income tax expense Net income Business volumes, EURm 9 quarters Deposits f
Slide 4: Group results — comparison with financial plan
LHV Group — comparison with financial plan Net profit exceeds financial plan by 0.9 EURm Financial results, EURt Total revenue, incl. Net interest income 13 months AS ~Y--Y Net fee and commission income -A,_____ Total operating expenses Earnings before impairment Impairment losses on loans Income ta
Slide 5: LHV Banking
LHV Banking Record number in new customers EURm Deposits 2000 1,733 9% 7600 | 1200 | [| | = sol - U 0 ary 27 Q8-17 a7 a8 02-18 3-18 Qe18 © Regular customers’ deposits ® Financial intermediaries’ dapnsits FUR Loans (net) 1200 | a 600 = nh |U6m “ | | UW U ] 0 2017 @ 03 4 Q1 2013 a2 03 4 © Corporate lo
Slide 6: LHV Banking
LHV Banking Good revenue growth in comparision to previous quarter Financial results, EURt Net interest income Net fee and commission income Other income Total revenue Total expenses Earnings before impairments Impairment losses an loans Income tax expense Net income Business volumes, EURm Deposits
Slide 7: LHV Banking — comparison with financial plan
LHV Banking — comparison with financial plan Net profit ahead of financial plan by +0.6 EURm Financial results, EURt 13 months Total revenue, incl. AnA~ Net interest income YY Net fee and commission income —_/\_—___— Total operating expenses ~r—— Earnings before impairment = A-~__—_ Impairment losse
Slide 8: LHV Asset Management
LHV Asset Management Stock markets recovered from 2018 Q4 fall EURm Assets under management and customers customers (th) 1500 200 AUM +12% 4987 1900 Wer 190 900 180 600 170 300 160 oO 180 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 3-18 Q418 Q1-19 Pillar ll pensionfunds ==" Other funds — Active customers of
Slide 9: LHV Asset Management
LHV Asset Management EBIT of Q1 2.0 EURm 9 quarters Financial results, EURt Total revenue Total operating expenses EBIT Net financial income Income tax expense Net profit 9 quarters Business volumes, EURm Pillar ll pensionfunds Pillar Ill pension funds Eurofunds a Active customers of Pll funds, thou
Slide 10: LHV Asset Management — comparison with financial plan
LHV Asset Management — comparison with financial plan Financial income outperformed financial plan Financial results, EURt 13 months Mar-19 | YTD19_—-YTD18._~—s« FP YTD AYTDFP. * Net profit exceeded financial plan Total revenue —~—v 1,217 3,671 3,273 3,520 +151 mainly due to financial income Total e
Slide 11: Stock information
LHV Group Stock information EUR LHV stock price and turnover EURt 12 1.250 mmm LHV dally turnover EURt) —LEVstock closing price (ELR) " ne Lala sll ds vlads Uadeddlsnaahldlad Apr16 Jul16 © Oct 16 Jen 17) Apr 17) Jul17, Oct 17, Jan 1@ Apr 18 Jul18 = Oct 18 Jan 19 Dynamics of LHV stock price and compa
Slide 12: 5 EURm Best bank
5 EURm 17.4% Net profit Pre-tax ROE Best bank 9,500 Based on Dive’s survey Bank customer increase 12
Slide 13: Annexes
Annexes
Slide 14: Strong liquidity and capitalization
LHV Group Strong liquidity and capitalization % LCR 800 240 180 158 120 io) ar a2 G3 (4 at me as tt 2017 2018 2019 % CT1 capital adequacy 2 16 13.0 » | wee sd 124 OL @ a8 at a a aa am a 2017 2018 2019 = LAV internal Tier 1 ratio limit 14 EURm Loan-deposit ratio % 1,800 100 1,440 1.080 6 720 I | 40 3
Slide 15: Only a few problematic customers in the loan portfolio
LHV Group Only a few problematic customers in the loan portfolio Corporate loans by ratings 30 2 20 15 10 : | 0 oo 1900 460«7 a 9 1012 13 018 © 04-418 201-19 EURm LHV Finance loans overdue porfolio 18 02 = _-= =_eeoeewe 12 06 g a4 Qt a2 03 G4 at a2 a3 a4 2017 2018 loan impaiments = over 90 days or c
Slide 16: AS LHV Group contact details
AS LHV GROUP TARTU MNT 2, TALLINN 6 802 670 INFO@LHV.EE LHV.EE