Sparebank 1 Nord-norge · OSL:NONG
Sparebank 1 Nord-norge — Q3 2022 Earnings Presentation
48 slides from Sparebank 1 Nord-norge's earnings presentation, Oct 27, 2022
Slide 1: 3Q 2022
3Q 2022 Tromsø, 27 October 2022 Liv B. Ulriksen, CEO Bengt Olsen, CFO
Slide 2: Highlights
@ Highlights SpareBank NORD-NORGE
Slide 3: Highlights YTD
Highlights YTD Pre-tax profit ROE 1523 MNOK (1 956) 10,2 % (14,0 %) CET1 ratio C/I ratio Losses 18,8 % (18,6 %) 43,0 % (39,1 %) 41 MNOK (-123) SpareBank NORD-NORGE 1)
Slide 4: The obvious choice for people and businesses!
The obvious choice for people and businesses! «Better than anyone else, we shall understand and do what’s important for people and businesses in Northern Norway» Main bank retail 38 % Main bank SME 41 % Real estate agency 35 % Accounting services 17 % Secured financing 22 % 4
Slide 5: Subsidiaries – results before tax
Subsidiaries – results before tax 5
Slide 6: Outlook
2 } Outlook SpareBank NORD-NORGE
Slide 7: Barometer 2022
Barometer 2022X Foto: Michael Ulriksen 8
Slide 8: Net zero emissions in the lending portfolio by 2040
Klikk for å legge til tekst Net zero emissions in the 70 percent of our portfolio in Contribute to a positive the marine sector shall qualify lending portfolio by 2040 migration flow to Northern for green financing in 2030 Norway by 2030
Slide 9: Northern Norway notice the changes, but:
Northern Norway notice the changes, but: - Stable labor market - Solid corporates - Low electricity prices - Weak NOK - High commodity prices - Large public sector - Increased investments in defense
Slide 10: Status and outlook in Northern Norway
Status and outlook in Northern Norway 11
Slide 11: Ambitions for growth and increased market share
Ambitions for growth and increased market share Expected growth for SpareBank 1 Nord-Norge in 2022 Retail market: 4-6 % Corporate market: 6-9 % The bank is strongly capitalized, and the region is well positioned for further economic growth. 12
Slide 12: Financial status
(3 } Financial status SpareBank NORD-NORGE
Slide 13: Group financial highlights and key figures
Group financial highlights and key figures 14
Slide 14: Quarterly development
15 Quarterly development CET1 ratio Return on equity capital Cost/income Group 19,3 % 188% 18,8% 180% 186% 187% 18,0 % 46,9 % 441% 497% 36.9% 39% 2Q21 3021 «4021 «1022. 2022 3Q22 2021 3021 4021 1022 2022 3022 2Q21 3021 4Q21 1022 2022 3022 SpareBank NORD-NORGE
Slide 15: Result before tax - last quarter
Result before tax - last quarter (Amounts in NOK million) 16
Slide 16: Net interest income - Group
Net interest income - Group (Amounts in NOK million) 17
Slide 17: Low losses
Low losses Net losses in % of Net losses gross lending incl. interm. loans Corporate Retail 18
Slide 18: Lending growth
Lending growth Retail Corporate 19 *) All historical figures have been corrected for the portfolio sold to SpareBank 1 Helgeland
Slide 19: Retail Market
Retail Market Retail (excl. Commission com.loans loans 20 *) All historical figures have been corrected for the portfolio sold to SpareBank 1 Helgeland
Slide 20: Corporate Banking
Corporate Banking 21 *) All historical figures have been corrected for the portfolio sold to SpareBank 1 Helgeland
Slide 21: Deposit growth
Deposit growth 22 *) All historical figures have been corrected for the portfolio sold to SpareBank 1 Helgeland
Slide 22: Development in deposit margins
Development in deposit margins Retail Corporate 23
Slide 23: Long term financial targets
Long term financial targets < 40 % C/I ratio > 12 % > 50 % ROE Dividend payout ratio 16,5 % CET1 ratio 24
Slide 24: Financial outlook
Financial outlook 25 *) Taken into account the planned adj. in buffers as of 31/12-22 and 31/3-23
Slide 25: Why invest in SpareBank 1 Nord-Norge
Why invest in SpareBank 1 Nord-Norge 26
Slide 26: Contacts
Contacts Management Liv B. Ulriksen CEO +47 957 31 130 liv.bortne.ulriksen@snn.no Bengt Olsen CFO +47 975 89 560 bengt.olsen@snn.no Investor Relations Terje Karlstad Investor Relations +47 411 22 220 terje.karlstad@snn.no 27
Slide 27: Appendix
A) Appendix SpareBank NORD-NORGE
Slide 28: A solid bank for Northern Norway
A solid bank for Northern Norway 29
Slide 29: Development in lending margins
Development in lending margins Corporate Retail 30
Slide 30: Company structure
Company structure SpareBank 1 Boligkreditt AS SpareBank 1 SpareBank 1 Finans Nord- Eiendomsmegler 1 Nord- SpareBank 1 Gruppen AS 19,50 % | Financial services 15,92 % | Mortgage company Næringskreditt AS Norge AS Norge AS 3,09 % | Mortgage company 85 % | Loan/consumer finance/leasing 85 % | Real esta
Slide 31: Geographical distribution of ownership
Geographical distribution of ownership Foreign holders Other Norwegian holders Holders residing in Northern Norway 32
Slide 32: The 20 largest EC holders
33 The 20 largest EC holders EC Holders Number of Ecs o Share of EC Capital PARETO INVEST NORGE AS VPF EIKA EGENKAPITALBEVIS PARETO AKSJE NORGE VERDIPAPIRFOND. GEVERAN TRADING CO LTD. MP PENSJON PK The Northern Trust Comp, London Br KOMMUNAL LANDSPENSJONSKASSE GJENS! Brown Brothers Harriman & Co. SP
Slide 33: Cost development - Group
Cost development - Group Cost/income Group (Amounts in NOK million) Group operating costs 34
Slide 34: Operating expenses - Group
Operating expenses - Group (Amounts in NOK million) 35
Slide 35: Net fee- and other operating income - Group
Net fee- and other operating income - Group 36
Slide 36: Risk exposure - Group
Risk exposure - Group Non-performing /impaired High risk 100,0% Medium risk Low risk 37
Slide 37: Changes in exposure last months - Group
Changes in exposure last 12 months - Group 5 178 Non-performing /impaired High risk (Amounts in NOK million) Medium risk Low risk 38
Slide 38: Exposure distributed by size
Exposure distributed by size* 30.09.2021 30.09.2022 39 *Incl. parent bank, SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt
Slide 39: LTV mortgage loans
LTV mortgage loans LTV is distributed by balance and 30.09.2021 is based on the market value of the collateral: • 98.9 % of the gross exposure is within 85 % of the collateral 30.09.2022 market value • Only 0.6 % of the gross exposure is higher than 100 % of the collateral market value • The figures
Slide 40: Diversified portfolio in commercial real estate
Diversified portfolio in commercial real estate 41
Slide 41: Still low oil related exposure
Still low oil related exposure Oil related exposure amounts to NOK 789 mill • The exposure represents 0.55 % of total exposure including covered bond companies • Average weighted probability of default 0.97 % • A total of NOK 25 mill are non-performing or impaired commitments • The activity within o
Slide 42: Loan losses - Group
Loan losses - Group The Group’s annualized losses is 0.04 % (annualized) of gross lending including loans transferred to covered bond companies Commitments in step 3: 0.71 % of total exposure. Expected loss share: 28.37 % Commitments in step 2: 7.80 % of total exposure. Expected loss share: 4.18 % C
Slide 43: The lending portfolio
The lending portfolio* 45 *) Incl. SpareBank 1 Boligkreditt
Slide 44: Funding
Funding NOK 21 740 mill in capital market funding exclusive of SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt is important funding sources. In total NOK 37 812 mill had been transferred as of 30.09.22 Amount of gross maturities of capi
Slide 45: Achieving goals for sustainability
Achieving goals for sustainability • ESG-classified portfolio aligned with EUs taxonomy* • Major contribution to the SDGs (175 mill in 2021) • Green product framework and Green Finance Framework established special for the Arctic region • 41% women in leadership positions • 24% reduction in greenhou
Slide 46: SpareBank 1 Alliance
SpareBank 1 Alliance • The SpareBank 1-alliance consists of 14 banks • Operate exclusively in Norway • Norway’s most extensive branch network with approx. 350 branches SpareBank 1 Nord-Norge (Tromsø) • The alliance is in the forefront of incorporating technological innovation into its distribution c
Slide 47: SpareBank 1 Alliance companies
SpareBank 1 Alliance SpareBank 1 SMN SpareBank 1 SR-Bank SpareBank 1 Samspar SpareBank 1 LO Nord-Norge Østlandet SpareBank 1 BN Bank SpareBank 1 SpareBank 1 Gruppen SpareBank 1 Alliance companies Markets Boligkreditt SpareBank 1 SpareBank 1 SpareBank 1 SpareBank 1 Fremtind Modhi Mobilitet Holding Kr
Slide 48: Noen som har et fint bilde til avslutning?
Noen som har et fint bilde til avslutning? 50
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