Lhv Group As · OMXTSE:LHV1T
Lhv Group As — Q2 2024 Earnings Presentation
22 slides from Lhv Group As's earnings presentation, Jul 23, 2024
Slide 1: LHV Group Q2 results
LHV Group Q2 results 23 July 2024
Slide 2: Strong growth in business volumes
Strong growth in business volumes +246 EURm +78 EURm +0.5 mln LOANS DEPOSITS banking services’ excl. banking services PAYMENTS -11 EURm +5,400 FUNDS BANK CUSTOMERS 2
Slide 3: A quarter with strong result
A quarter with strong result • • • • • 3
Slide 4: Both business volumes and profitability better than planned
Both business volumes and profitability better than planned • • • • • 4
Slide 5: Good growth in business volumes
Good growth in business volumes Loans (net) • • Customer deposits • 5
Slide 6: Rapid growth and good quality of the loan portfolio
Rapid growth and good quality of the loan portfolio • • • 6
Slide 7: Loan portfolio and profitability indicators ahead of the financial plan
Loan portfolio and profitability indicators ahead of the financial plan • • • • 7
Slide 8: Loan portfolio and retail deposits grew by over 50% during the quarter
Loan portfolio and retail deposits grew by over 50% during the quarter Loans (net) • • Deposits • • 8
Slide 9: Development work to launch retail banking in full swing
Development work to launch retail banking in full swing • • 9
Slide 10: Large developments have increased expenses
Large developments have increased expenses • • • • • 10
Slide 11: A quarter with good performance for the larger pension funds
A quarter with good performance for the larger pension funds Assets under management and number of customers • • Pillar II comparable pension funds NAV Index funds and pension fund Roheline NAV change YTD • change YTD • 11
Slide 12: Quarterly profit 0.7 EURm
Quarterly profit 0.7 EURm • • • • 12
Slide 13: Net profit ahead of the financial plan
Net profit ahead of the financial plan • • • • 13
Slide 14: Stable sales results and good profitability
Stable sales results and good profitability Contract premiums written • • • Net incurred losses 14
Slide 15: A quarter with strong results
A quarter with strong results • • • • • 15
Slide 16: A month with a low loss frequency
A month with a low loss frequency • • • • 16
Slide 17: +329 EURm loans, 79.3 EURm net profit, 31.9% ROE
6 months ↑9% ↑24% +329 EURm +7.0 mln ↑4% LOANS ↑5% banking services’ ↑1% PAYMENTS +15,900 +237 EURm +10 EURm BANK CUSTOMERS DEPOSITS excl. banking services +63 200 FUNDS 79.3 EURm 31.9% NET PROFIT PRE-TAX ROE 17
Slide 18: Risks and capitalisation
Risks and capitalisation
Slide 19: Capitalisation
Capitalisation Capital ratios and minimum requirements as of June 2024 • • • 19
Slide 20: Loan portfolio quality
Loan portfolio quality Loan portfolio by stages (gross) • • • Cost of risk ratio Loan portfolio by sectors 20
Slide 21: Liquidity and funding
Liquidity and funding Structure of liabilities • • • • Loans-to-deposits ratio LCR and NSFR • 21
Slide 22: Madis Toomsalu, Meelis Paakspuu contacts
Madis Toomsalu madis.toomsalu@lhv.ee Meelis Paakspuu meelis.paakspuu@lhv.ee AS LHV GROUP TARTU MNT 2, TALLINN 6 800 400 GROUP@LHV.EE LHV.EE