Slide 1: Review of the financial year 2015
Evli Bank Plc Review of the financial year 2015 Maunu Lehtimäki, CEO Juho Mikola, CFO 26.1.2016
Slide 2: Evli in brief
Evli in brief 3 business areas WEALTH MANAGEMENT MARKETS CORPORATE FINANCE over 200 investment specialists EUR EUR 9.4 20.2 % billion client 64.2 return on equity assets under million revenue management (2015) (1-12/2015) (12/2015) 1
Slide 3: Evli’s key figures
Evli’s key figures Revenue (EURm) Operating profit (EURm) & profit margin 13.3 64.2 59.7 55.5 9.8 48.3 21% 6.7 16% 12% 3.6 7% 2012 2013 2014 2015 2012 2013 2014 2015 Revenue split, 2015 Return on Equity % (ROE) 20.2% Wealth Management (67%) 15.2% Capital Markets 11.5% (19%) Corporate Finance 4.3% (9
Slide 4: Market development 2005–2015
Market development 2005–2015 Growth in fund assets in Finland 12/2005–12/2015 (EUR billion) Growth p.a. 12/05-12/15 Short term fixed Long term fixed Other funds +8,1% income Funds income Funds Cumulative net +1,9% Balanced Funds Equity Funds subscriptions +1,7% +10,4% +13,0% +8,2% +8,0% Cumulative n
Slide 5: Acclaimed products and services
Acclaimed products and services Recognition received during 2015 Finland’s best and Highest rated short most widely used corporate bond institutional asset manager globally manager Most widely used and Platinum rating in best institutional European equities asset manager in Silver rating in global F
Slide 6: High-quality and comprehensive services
High-quality and comprehensive services Finland’s most widely used asset manager among institutional investors Evli was ranked as the best and Finnish institutional asset managers’ success 2015 most used asset manager in TNS Sifo Prospera 2015 Finland* in TNS Sifo Prospera’s “External Asset Manage
Slide 7: Clientele development
Clientele development Split of Evli’s clients based on the assets under management** 2012 – 2015 Evli has a strong presence among institutional investors A majority of Evli’s assets 24% 21% 22% 22% under management are from institutional investors Evli’s clientele is focused on institutional i
Slide 8: Largest owners in Evli
Largest owners in Evli Shares % of all Shareholders A Shares B Shares total shares % of votes 1. Oy Prandium Ab 3 803 280 950 820 4 754 100 20.39 22,27 2. Oy Scripo Ab 3 803 280 950 820 4 754 100 20,39 22,27 3. Oy Fincorp Ab 2 319 780 579 945 2 899 725 12,44 13,59 4. Ingman Group Oy 1 860 000 500 00
Slide 9: Products and services
EVLI Products and services
Slide 10: Development of assets in Evli funds
Development of assets in Evli funds Development of assets in Evli’s mutual funds, Division of assets in Evli’s mutual funds, 2012–December 31, 2015 (EUR billion) December 31, 2015 Growth, p.a. Amount Fund type 5.2 +15% 4.4 0.9 +21% 4.1 0.9 Fixed Income 0.7 64% 3.4 Fund 0.5 +14% 4.3 3.4 3.5 2.9 33% E
Slide 11: Performance of Evli’s funds
Performance of Evli’s funds* 1 year 3 year 10 year net subscriptions, performance performance performance Fund fund size, m€ m€ (p.a.) (p.a.) (p.a.) Morningstar-rating* Fixed-income funds 3 313,0 240,9 Evli Taktinen Alfa-Korko 97,3 -91,2 0,8 % 2,6 % - Evli Yrityslaina 267,8 -11,7 0,1 % 3,6 % 4,3
Slide 12: Evli’s market share in mutual funds
Evli’s market share in mutual funds* Net Subscriptions Company Total Assets MEUR Market Share Rank Change YTD Unit holders YTD MEUR Nordea Funds Oy 36 754,98 37,8 % 1 0,5 % 1 341 735 3 638,37 OP-Rahastoyhtiö Oy 21 609,08 22,2 % 2 1,8 % 634 214 3 676,16 Danske Invest Rahastoyhtiö Oy 11 546,65 11,9 %
Slide 13: Composition of Evli’s Assets under management
Composition of Evli’s Assets under management 9.4 0.4 1.4 Growth, p.a. 7.4 6.9 1.0 6.0 1.1 Direct investments in Evli 3.4 16% 1.1 funds 3.1 2.8 2.2 Discretionary asset 15% management 4.1 3.0 3.2 2.7 2012 2013 2014 2015 Discretionary asset management NHC Direct investments in Evli funds EAM 12
Slide 14: Brokerage revenues
Brokerage revenues 100% 90% 41% 42% 44% 80% 45% 45% 45% 45% 48% 50% 50% 54% 54% 56% 56% 58% 60% 70% 60% 50% 40% 59% 58% 56% 30% 55% 55% 55% 55% 52% 50% 50% 46% 46% 44% 44% 42% 40% 20% 10% 0% 1Q2012 2Q2012 3Q2012 4Q2012 1Q2013 2Q2013 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q20
Slide 15: Evli Corporate Finance References - 2015
Evli Corporate Finance References - 2015 Pending December 2015 December 2015 December 2015 Pending Has successfully completed the acquisition of has successfully been sold to has agreed to sell sale department store has successfully completed rights has successfully completed a private business in R
Slide 16: Financial data
Financial data EVLI
Slide 17: Segment profitability
Segment profitability Net revenue Profit before allocations 64.2 13.3 59.7 4.0 1.2 55.5 5.5 2.8 5.0 9.8 5.5 6.7 1.9 48.4 6.6 1.2 3.0 11.9 1.5 4.4 3.6 4.1 10.8 11.0 18.9 8.9 14.1 14.9 11.9 -1.3 -1.6 42.8 -0.8 36.0 37.4 -8.3 -9.6 31.0 -6.3 -7.3 2012 2013 2014 2015 2012 2013 2014 2015 Wealth Management
Slide 18: Profit and loss statement
Profit and loss statement EURm 2015 2014 2013 2012 Net interest 1,4 1,0 0,5 3,1 Net commissions 57,2 53,1 495 43,3 Net income from securities trading and FX 5,4 5,2 5,2 1,2 Other operative income 0.2 0,4 04 0,7 NET REVENUE 64,2 59,7 55,5 48,3 Administrative expenses Personnel expenses (27,5) (26,7)
Slide 19: Balance sheet
Balance sheet ASSETS, EURm 31.12.2015 31.12.2014 LIABILITIES, EURm 31.12.2015 31.12.2014 Liquid assets 128,0 104,0 Liabilities to credit institutions and central banks 5,5 8,0 Debt securities eligible for refinancing with central Liabilities to the public and public sector entities 352,4 297,1 38,5
Slide 20: Key ratios
Key ratios un-audited audited 2015 2014 2013 2012 Return on equity-% (ROE) 20,2 % 15,2 % 11,5 % 4,3 % Cost-income ratio 0,79 0,84 0,88 0,93 Core BIS capital adequacy, % 19,2 % 15,2 % 13,9 % 14,6 % Earnings/Share, diluted (IFRS)* 0,53 0,31 0,24 0,08 Paid dividend/share* 0,21 0,21 0,24 0,12 Paid Capit
Slide 21: Strong financial performance
Strong financial performance Profit for the period (M€) Dividend (M€) 12.3 8.6 7.2 4.2 7.7 4.7 4.3 5.6 2.3 1.6 7.2 2.5 4.3 2.1 2.5 2.4 2.6 2012 2013 2014 2015 2012 2013 2014 2015 2016 Additional return of capital Dividend 20
Slide 22: Strategic KPI figures in line with targets
Strategic KPI figures in line with targets Assets under Management (Billion €) Recurring revenues to operational costs 9.4 0.4 100% 1.4 93% 7.4 6.9 83% 79% 1.0 6.0 1.1 70% 1.1 7.6 6.3 5.9 4.9 2012 2013 2014 2015 2012* 2013* 2014 2015 Evli Alexander Northern Horizon Recurring revenues to Recurring re
Slide 23: Strategic KPI figures in line with targets
Strategic KPI figures in line with targets Net fee income (M€) Return on Equity % (ROE) 20.2 % 57.2 53.1 49.5 15.0 % 15.2 % 43.3 11.5 % 4.3 % 2012 2013 2014 2015 2012 2013 2014 2015 Net fee income Target rate for return on Return on Equity - (M€) Equity -% % 22
Slide 24: Themes for 2016
Themes for 2016 We want to enhance our market position as leading private bank in Finland - Holistic approach to Wealth management – Goal based advisory – All asset classes – All preferences - Improved client service through digitalization – full service offering digitally Strengthen position in
Slide 25: Outlook for 2016
Outlook for 2016 “The performance of the asset management and capital markets has been strong in recent years, and interest in Evli’s services and products is expected to remain stable. In the Corporate Finance business, substantial fluctuations in annual profits are possible. The unit’s mandate bas
Slide 26: Contact information
Contact information Evli Bank Plc Investor contacts Aleksanterinkatu 19, 4th floor Juho Mikola, CFO P.O. Box 1081 juho.mikola@evli.com 00101 Helsinki Tel. +358 9 4766 9871 www.evli.com Sari Paronen, IR Manager sari.paronen@evli.com Tel. +358 9 4766 9515 areena.evli.com/blogi Evli - Sijoittajan Pankk