UmweltBank AG · XETR:UBK
UmweltBank — FY2022 Earnings Presentation
36 slides from UmweltBank's earnings presentation, Feb 13, 2023
Slide 1: Company Presentation UmweltBank AG
Slide 2: Highlights: FY 2022
Highlights: FY 2022
Slide 3: UmweltBank — Sustainable Banking Made Profitable
UmweltBank — Sustainable Banking Made Profitable 19. consequtive €6bn dividend payment years 2 €39.2bn y 5 eeh Earnings before taxes More than 132,000 25,000 customers sustainable ~, projects Total assets:
Slide 4: Highlights in FY 2022
Highlights in FY 2022 av UmweltSpektrum Die Fondsmarke der Umwelt Sark, G6 ATTUVIA June October April Launch of two further funds under the brand UmweltSpektrum with focus on the topics nature and people Decision to switch to new core banking system of Atruvia has been taken Building permit for the
Slide 5: Financials 2022 and outlook for 2023
Financials 2022 and outlook for 2023
Slide 6: Total Assets Remain at High Level
Total Assets Remain at High Level Total assets remain stable despite planned reduction Y Lending volume grows slightly €6.0bn Y Solid inflow of customer deposits Y Growing refinancing by promotional banks Y Early repayment of TLTROs worth €300m in December 2022 2018 2019 2020 2021 2022
Slide 7: Solid New Lending Volume
Solid New Lending Volume €542m Challenging environment Since outbreak of war in Ukraine 2018 2019 2020 2021 v €623m v i . 2022 New lending volume in 2022 at high level Renewable energies benefit i.a. of: > Ambitious expansion targets set by the German government > Increasing importance of independen
Slide 8: Number of Customers Remains Stable
Number of Customers Remains Stable Focus on quality instead of quantity ~132,000 v Customer growth in 2022 offset by purging inactive accounts Y After migration of the core banking system, customer acquisition is again in focus > enhanced (digital) customer experience > improved possibilities regard
Slide 9: Further Strengthening the Regulatory Capital
Further Strengthening the Regulatory Capital Continuously strenghtening the capital position €504m* Regulatory capital Y Capital ratio of 15.7%" significantly exceeds the legal capital requirements of 12.9% Y Periodical retention of profits FY 2021: €12.5m Y Stock dividend raises capital FY 2021: €3
Slide 10: Growing UmweltBank Family
Growing UmweltBank Family Attractive employer wins new talents 332 Y UmweltBank was again able to position itself as an attractive employer in the competitive job market in 2022 Y Investment in areas relevant to supervisory law (including internal audit and reporting) Y Survey confirms high level of
Slide 11: Income influenced by Extraordinary Items
Income influenced by Extraordinary Items $1.9 Interest, financial and valuation result in€m $44 543 74a 632 | Net commission and Difficult environment trading income slows down income development ¥ Interest, financial and valuation 94° 9.3 result benefits from extraordinary items > sale of a wind pa
Slide 12: Further Growth of Expenses
Further Growth of Expenses Personnel expenses Other administrative Investments support in€m expenses in€m Sustainable growth Personnel expenses influenced by: ¥ Various new hires Y Salary adjustments for current 21.6 19.9 We 165 ne 13.8 13.3 employees 9.2 85 10.4 Other administrative expenses influe
Slide 13: Earnings Slightly Above Previous Year's Level
Earnings Slighty Above Previous Year's Level Earnings supported by Earnings before taxes and reserves extraordinary items v P . €39.2m Sale of a wind park resulted in net €37.3m proceeds of around €20m Y Asin 2020 and 2021, UmweltBank benefited from the attractive conditions of the TLTRO funds from
Slide 14: Outlook 2023
Outlook 2023 Outlook influenced by investments Earnings before taxes and reserves and challenging environment Y Theturnaround in interest rates by €37.6m the ECB will have a positive effect on theinterest margin in the medium term oy One Y Due to changed conditions the m TLTRO funds will only contri
Slide 15: Three Focused Areas of Business
Three Focused Areas of Business: Strong Base with a Lot of Potential
Slide 16: Sustainably Successful with Focused Business Areas
Sustainably Successful with Focused Business Areas 3 Ww J UmweltBank UmweltSpektrum UmweltProjekt Die Fondsmarke der UmweltBank. Mein | t ht griin. Mein Geld macht grin. jein Invest macht gran. Lending business Securities Investments
Slide 17: Our Core Business — Loans for Sustainable Projects
Our Core Business — Loans for Sustainable Projects Deposits €3.2 bn Green savings accounts Eco-friendly loans* €3.7bn *Loans for sustainable projects including outstanding commitments ** Such as organic farming 3 UmweltBank Mein Geld macht gran. Y Robust and und profitable core business of UmweltBan
Slide 18: Rising Interest Rates good in the medium to long term
Rising Interest Rates good in the medium to long term Rising interest rates are good yet challenging in the short term 6.0 3% 197 Interest margin 2% 2.8 1% Total assets » ee 2015 2016 2017 2018 2019 2020 2021 2022 €6bn €4bn €2bn €0bn Y Inthe short term, the interest margin remains under pressure: a
Slide 19: Green Without Washing — Really Green Funds
» Green Without Washing“ — Really Green Funds * Three green funds under the brand UmweltSpektrum: > UmweltSpektrum Mix > UmweltSpektrum Natur > UmweltSpektrum Mensch * The selection process of UmweltBank guarantees uncompromising sustainability WN * The Managementis conducted externally by experienc
Slide 20: UmweltSpektrum Funds Further Growing
UmweltSpektrum Funds Further Growing Assets under management ww UmweltSpektrum Die Fondsmarke der UmwveltBank. +€31m +31% +€58m +138% Y Development of assets under management well below expectations Y The young fund brand is still being developed and is slowly becoming better known outside of the Um
Slide 21: Profitable Investments in Green Projects
Profitable Investments in Green Projects ¢ UmweltBank invests in sustainable and profitable projects * The wholly owned subsidiary UmweltProjekt GmbH bundles the investments amounting to a volume of €750 m (as of 31 December 2022) * Investments across all of Germany > solar and wind power plants > a
Slide 22: Gradually Increasing Earnings Contribution
Gradually Increasing Earnings Contribution Housing (Residential units) Rented: 456 | 39,837 m’ 4 Under construction: 485 | 37,775 m? , Planned: 410 | 31,118 m? Umwelt Projekt Main invest macht gran. Photovoltaiks (Capacity, kWp) Operating: 49,500 Y Expansion of the profitable project Under construct
Slide 23: The Investments of Today are the Chances of Tomorrow
The Investments of Today are the Chances of Tomorrow
Slide 24: Getting Ready for the UmweltBank of Tomorrow
Getting Ready for the UmweltBank of Tomorrow * UmweltBank has grown significantly over the past 25 years * Also grown have the expectations of > customers > employees > the supervisory authorities * Inrelation to the strong growth in the past, too little investment in digitization and personnel * In
Slide 25: We're getting fit for the coming years
We're getting fit for the coming 25 years MEE 2022 MEE «2023 - 2024 EE 2025 == 25 years of UmweltBank Y Sustainable, solid and low-risk business model Y Loyal customers and motivated employees Y High efficiency (cost-income ratio below 50% for a long time) Transition phase Y Extensive investments: >
Slide 26: Ready for the Digital Future with New Core Banking System
Ready for the Digital Future with New Core Banking System Status quo New system by Atruvia = Manual effort in various Y Enhanced (digital) customer processes experience Y Continuously growing Y New possibilities for regulatory requirements extending the range of Y Customers wish for new products pro
Slide 27: Regular Inspection by Supervision in 2022
Regular Inspection by Supervision in 2022 * Inthe course of 2022, a regular audit of banking supervision was carried out at UmweltBank. * Inthis context, findings were made regarding the processes and structures in the business organization. * UmweltBank already initiated the necessary measures duri
Slide 28: We're getting Fit for the Coming Years
We're getting Fit for the Coming 25 Years Expansion of Extendingthe Growing the loan business investmentsin awareness regarding green projects UmweltSpektrum funds Moving into »UmweltHaus* QD umwelt.neo G6 ATFUVIA unfolds its full Migration of the Optimisation of the Sharpening the potential core ba
Slide 29: Sustainable Dividend Payments
Sustainable Dividend Payments Dividend History UmweltBank: Reliable €04 1 €0.32 €0.33 €0.33 €0.33 €0.33 dividend payments €03 €0.2 Y Investor-friendly dividend policy €04 Y 22 distributions in 25 years €0.0 | r r r r 1 2017 2018 2019 2020 2021 Y 19th consecutive dividend payment in 2022 (for FY 2021
Slide 30: Solid Bank Share for a Sustainable Future
Solid Bank Share for a Sustainable Future Y Consistent sustainability strategy runs through all areas of the company Review by independent environmental council Sustainability Excellent sustainability: ISS ESG Prime Standard / B: Y UmweltBank has been in the blacks rime stancer ° since it was founde
Slide 31: Financial Calendar 2023
Financial Calendar 2023 13 February 2023 13 February 2023 24 February 2023 15 - 17 May 2023 End of May 29 June 2023 7 August 2023 22 September 2023 Annual press conference Preliminary results FY2022 Audited results FY 2022 and dividend proposal Equity Forum, Frankfurt Sustainability and annual repor
Slide 32: Appendix
Company Presentation Appendix
Slide 33: UmweltBank — a Hidden Champion
UmweltBank — a Hidden Champion Shareholders GLS Bank Free float Mostly held by customers of UmweltBank (~ 60%) as well as professional investors, such as: > Stuttgarter Lebensversicherung > Evangelische Bank > Murphy & Spitz 85% 5-year performance €25 €20 €15 €10 €5 2018 2019 2020 2021 2022 Closing
Slide 34: Management Board with Extensive Financial Expertise
Management Board with Extensive Financial Expertise Goran Basié |” , Jiirgen Koppmann Heike Schmitz Member of the Board Spokesman of the Board Member of the Board Lending business | HR | Investments Savings | Securities | IT | Marketing Finance | Controlling | Legal | Credit back office + Member of
Slide 35: UmweltBank Financials at a Glance
UmweltBank Financials at a Glance 31.12.2018 31.12.2019 31.12.2020 31.12.2021 31.12.2022 Ain% Business volume €m 4ng 4,518 5,393 6,451 6,611 + 25 Total assets €m 3,699 4,095 4,944 5,928 5,988 + 10 Client deposits €m 2,330 2,529 2,694 2,954 3,176 + 75 Environmental loans €m 2,901 2,997 3,247 3,543 3,
Slide 36: UmweltBank Financials at a Glance
UmweltBank Financials at a Glance 31.12.2018 31.12.2019 = 31.12.2020 31.12.2021 31.12.2022 Ain% Net financial income, interest and valuation changes €k 51,893 54,423 54,345 63,203 74,086 + 17.2 Net income from commissions and fees €k 2,605 5,084 5,148 9,421 9,345 - 08 Other expenses (-) / income (+)