Lhv Group As · OMXTSE:LHV1T
Lhv Group As — Q1 2020 Earnings Presentation
16 slides from Lhv Group As's earnings presentation, Apr 21, 2020
Slide 1: LHV Group Q1 2020 results
LHV Group Q1 2020 results April 21, 2020
Slide 2: Quarter with good results, the end affected by the emergency situation
Quarter with good results, the end affected by the emergency situation For customers Pension funds « Apple Pay * Different investment strategy in comparison to the * Commission-free trading with Baltic competitors shares * Planned decrease of asset management fees in * Real-time pound payments opene
Slide 3: Good growth, though affected by the income tax and emergency situation
LHV Group Good growth, though affected by the income tax and emergency situation Financial results, EURt 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, E
Slide 4: Comparison with financial plan
LHV Group — comparison with financial plan Current financial plan outperformed, lower revenues and income expected in the revised FP Financial results, EURt Total revenue, incl. Net interest income Net fee and commission income Total operating expenses Earnings before impairment Impairment losses on
Slide 5: LHV Banking
LHV Banking Successful start of the year, but emergency situation affected Bank's quarter results EURm 000 2250 1500 750 oO Q1-18 Q2-18 Q3-18 Regular customers’ deposits Qt 2018 Q2 Q3 Corpcrate loans Deposits 2,958 a | 1,983 = | = = = = Q4-18 ai-19 Q2-19 Q3-19 Q4-19 1-29 = Financial intermediaries'
Slide 6: LHV Banking
LHV Banking Record levels in business volumes, revenues, profits and key figures Financial results, EURt Net interest income Net fee and commission income Other income Total revenue Total expenses Earnings before impairments Impairment losses on loans Income tax expense Net income Business volumes,
Slide 7: LHV Banking — comparison with financial plan
LHV Banking — comparison with financial plan Net profit ahead of financial plan by +1.9 EURm Financial results, EURt 13 months Mar-20 Total revenue, incl. ___ 7,006 Net interest income — 5,704 Net ‘ee and commission income —,——/“ 1,753 Total operating expenses ~*~ 3,305 Earnings before impairment ——
Slide 8: LHV Asset Management
LHV Asset Management Coronavirus led stock markets to decline customers (th.) Assets under management and customers 1500 AUM +7% 1344 200 1257 — 1200 — = 190 900 180 600 170 300 160 ° 150 at-18 02-18 3-18 4-18 c1-19 02-19 03-19 04-13 Qt-20 Pillar Il pensionfurnds f= Other funds, —— Active customers
Slide 9: LHV Asset Management
LHV Asset Management EBIT of Qi 0.6 EURm, the number of active customers is growing 9 quarters Financial results, EURt Total revenue Total operating expenses EBIT Net financial income Income tax expense a a Net profit -EEGsif. Business volumes, EURm 9 quarters Pillar Il pensionfunds Pillar Ill pensi
Slide 10: LHV Asset Management — comparison with financial plan
LHV Asset Management — comparison with financial plan Launch of LHV Green fund, revenues are lower than planned due to market downturn Financial results, EURt 13 months Total revenue = —_ Total expenses. WV Earnings before taxes =~ Income tax \ vA Net profit a Business volumes 13 months Assets under
Slide 11: Q1 key figures
LHV Group 3 months 7.5 EURm 19.0% Net profit Pre-tax ROE Best bank in Estonia 14,400 Dive’s survey Bank customer increase
Slide 12: Annexes
Annexes
Slide 13: Strong liquidity and capitalization
LHV Group Strong liquidity and capitalization % LCR 200 150 100 50 0 ai a2 G8 G4 ai a2 2018 2019 T1 capital adequacy 03 153 ai 2020 14.0 ai 02 08 OF at 2018 2019 LAV intemal Tier 1 ratio limit a4 12.5 ai 2020 Loan-deposit ratio % ie | 50 oO a1 G2 Q3 OF Qi a2 Gs a4 at 2018 2019 2020 Loars (net) MEL U
Slide 14: The quality of the loan portfolio is strong
LHV Group The quality of the loan portfolio is strong % Corporate loans by ratings +40 32 | | | 8 ; I 1-3 4-6 7 8 9 10-12 13 1-19 "0419 *01-20 EURm LHV Finance loans overdue porfolio oo oom - _ 12 06 0.0 oP PUTT 12 ar a2 @38 4 G1 G2 st 2018 2019 2020 "loan impairments "aver 90 days or contract cance
Slide 15: Stock information
LHV Group Stock information LHV stock price and tumover EURt 1,000 mmm LHV cally turnover (EUR) LHV stock closing price (UH) 750 600 5 Ulstaut ddl il lau lh, vk dl Aprié Aug 16 Dect6 Apri7 Augi7 Dect7 Apr18 Augi8 Deci8 Apri9 Aug19 Dec 19 Dynamics of LHV stock price and comparison indexes 220% LAV st
Slide 16: AS LHV Group contact details
AS LHV GROUP TARTU MNT 2, TALLINN 6 802 670 INFO@LHV.EE LHV.EE