Bawag Group Ag · VIE:BG
Bawag — Shareholder Meeting (April 2025)
10 slides from Bawag's shareholder meeting presentation, Apr 4, 2025
Slide 1: Annual General Meeting 2025
ANNUAL GENERAL MEETING 2025 4 April 2025 August 2021 | BAWAG Group AG
Slide 2: BAWAG Group Franchise Overview
BAWAG GROUP FRANCHISE OVERVIEW THE LONG ARC OF OUR TRANSFORMATION FRANCHISE Multi-brand and multi-channel commercial bank with over 4 million customers across our core markets TRACK RECORD OF Average Return on Tangible Common Equity (RoTCE) 18% since 2012 … RoTCE > 20% through all cycles DELIVERING
Slide 3: Our Performance Since 2012 and Since Our IPO
OUR PERFORMANCE SINCE 2012 AND SINCE OUR IPO OUTPERFORMING THE MARKET CONTINUOUS IMPROVEMENT MINDSET … TOTAL SHAREHOLDER RETURN CONTINUITY OF TEAM CIR (%) As of 3 April 2025 (23pts) 70% (14pts) 191% 47% 47% 33% 51% 88% 89% 14 years average tenure of SLT LEADERSHIP & EMBRACING CHANGE 2012 2017 2017 2
Slide 4: Strategic Acquisition of Strong Digital Franchises
STRATEGIC ACQUISITION OF STRONG DIGITAL FRANCHISES €600m CAPITAL DEPLOYED, >€350m PBT BY 2027 KNAB HIGHLY COMPLEMENTARY ADDITIONS … • Leading digital bank in Dutch self-employed space CORE MARKETS with 400k customers sizeable platforms in 2 core markets creating "Beachheads" for growth • €12.7b mort
Slide 5: Financial Highlights 2024
FINANCIAL HIGHLIGHTS 2024 RECORD EARNINGS AND ALL 2024 TARGETS ACHIEVED Record earnings 2024 Change vs 2023 Earnings per share Net profit €760m +11% 12% CAGR 9.6 RoTCE 26.0% +1.0pt 8.3 5.8 CIR 33.5% 1.7pts 4.5 4.4 4.7 5.4 3.2 EPS €9.60 +16% DPS €5.50 +10% 2017 2018 2019 2020 2021 2022 2023 2024 Fort
Slide 6: Financial Performance
FINANCIAL PERFORMANCE P&L | € millions Q4 '24 vPY vPQ 2024 vPY Balance Sheet & Capital | € millions Q4 '24 Q3 '24 vPQ vPY Core revenues 449.6 14% 16% 1,621.7 5% Total assets 71,341 55,726 28% 29% Net interest income 368.4 14% 19% 1,311.8 5% Cash 17,604 15,161 16% 44% Net commission income 81.2 13% 5
Slide 7: Capital Development
CAPITAL DEVELOPMENT ~370 BASIS POINTS GROSS CAPITAL GENERATION THROUGH EARNINGS IN 2024 HIGHLY ACCRETIVE BUSINESS MODEL Generated ~370 basis points capital through earnings ACQUISITION Knab acquired on November 1st, 2024 DIVIDEND €5.5 proposed to the Annual General Meeting for the financial year 202
Slide 8: Balance Sheet & Asset Quality Overview
BALANCE SHEET & ASSET QUALITY OVERVIEW SIMPLE AND RESILIENT BALANCE SHEET (€ billions) Customer assets €47b ~70% Investment Book €3b ~5% 34 Cash €18b ~25% 71 5 5 3 3 18 3 Assets Retail & SME Real Estate Public Sector Corporates Investment Cash Other 85% secured Average LTV Lending primarily Senior s
Slide 9: Our 2025 & 2027 Targets
OUR 2025 & 2027 TARGETS NEW MID-TERM TARGETS 2025 FINANCIAL TARGETS 2025 thru 2027 Net profit FY ’24: €760m >€800m >€2.7b >375bps Earnings per share Net profit Average gross capital >€10.0 FY ’24: €9.60 generation per year Capital Distribution Target 13.0% 2027 Target 2025 & BEYOND RETURN TARGETS Re
Slide 10: Important Disclaimer
IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG Group, Wiedner Gürtel 11, 1100 Wien. The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation doe