Avanza Bank Holding Ab · OMXSTO:AZA
Avanza Bank Holding Ab — Investor Presentation (July 2026)
44 slides from Avanza Bank Holding Ab's investor presentation, July 2026
Slide 1: Company presentation and investment story
July 2026 Company presentation and investment story 1406 ‘Avanza impactby Grculus ©) Oversikt Detaljer Nyheter Hallbarhet Fondens nalbarhets God morgon Spara eller slésa? Idag dr Cue det toning! Yaar? Hilibarhetsanaly woliba rer sing tar +7 234 kr @ Avanza Bank Holding AB +10842kr © Sophiris Bio ine
Slide 2: Avanza's evolution since foundation in 1999
Overview Avanza’s evolution since foundation in 1999 2
Slide 3: Sweden's leading platform for savings and investments
Overview Sweden’s leading platform for savings and investments SEK 1,208 bn No. 1 long-term target is to have the 2,338,300 in savings most satisfied savings customers in Sweden – won for the last 16 consecutive years customers capital SQI, December 2025 30 June 2026 30 June 2026 697 employees and e
Slide 4: Over 80,000 investment opportunities, decision-making tools, inspiration and education
Overview Over 80,000 investment opportunities, together with decision-making tools, inspiration and education Mortgages and Equity trading Retirement plans margin lending Mutual funds Savings accounts 4
Slide 5: We don't give advice, but focus on decision-making tools
Overview We don’t give advice, but focus on decision- making tools • The Avanza Academy • The Avanza blog, podcasts and YouTube • Auto funds • Portfolio generator • Stock generator • Independent news site Placera • Analysis tools 5
Slide 6: Business model built on scale
Overview Business model built on scale 200 1,400,000 180 1,200,000 160 Savings capital, SEK m 142 140 1,000,000 120 Basis points 800,000 100 73 600,000 80 60 46 400,000 40 14 200,000 20 0 0 2026 H1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 20
Slide 7: Capital light, fee-based business model
Overview Capital light, fee-based business model 2025 % of income Net brokerage income 28 • Mainly fixed costs, ~60% staff related • High scalability Fund commissions, net 17 • Self-finances through shareholders’ equity and customer deposits Currency-related income, net 16 • High-interest rate sensi
Slide 8: Strong position and asset quality
Overview Strong position and asset quality Limited on balance sheet lending On balance sheet deposits SEK 34.3 bn No realised credit losses SEK 113.2 bn for over 10 years 30 June 2026 30 June 2026 21.9% Solid financial position High platform CET1 ratio availability 4.7% 43% 60% 99.9% Leverage ratio
Slide 9: We focus on what's best for the customer
Overview We focus on what’s best What? for the customer How? Why? The best tool to help you successfully manage your finances Cheaper, Better, Simpler Create a better future for millions of people 9
Slide 10: A typical Avanza product team is fully equipped to reach its mission
Overview A typical Avanza product team is fully equipped to reach its mission QA Product • Product teams are experts within their domain and specialist Front-end have all necessary skills in product development • The same team innovates, optimises and maintains their product throughout its life cycl
Slide 11: We innovate together with our customers
Overview We innovate together with our customers Customers can sign up for beta functionality to become test users of early releases of new features and provide feedback. When we release a new feature, we initially roll it out only to a limited number of customers, await their feedback and make impr
Slide 12: World-class user experience
Overview World-class user experience It is in our DNA to constantly make improvements for the benefit of our customers. Our customer experience is extremely quick, and our platform is packed with real-time data. The key is to create an experience empowers our customers to make informed investment de
Slide 13: A diversified customer base of over 2 million
Overview A diversified customer base of over 2 million Our customers have different types of behaviours and needs – and our offering includes something for everyone Novice Save Invest Trade For fun Risk-averse, is not Takes an interest in Very interested in Professional trader, Sees investing as a a
Slide 14: A strong brand and a loyal customer base
Overview A strong brand and a loyal customer base NPS Highest considered bank in Sweden in Verian’s yearly 41 SQI, 2025 survey Daily active users Churn R12M R12M ~ 465,400 Most satisfied savings customers in Sweden – won for the last 16 consecutive years 0.8% 30 June 2026 SQI, 2025 30 June 2026 14
Slide 15: Our superior customer experience makes us the perfect partner for product challengers
Overview Our superior customer experience, also makes us the perfect partner for product challengers Mutual fund platform Over 1,300 external funds on the platform and exclusive cooperations for actively managed funds Exchange traded products Mortgages Exclusive exchange traded Our partners deliver
Slide 16: Social, environmental and economic sustainability are reflected in what we do
Overview Social, environmental and economic sustainability are reflected in what we do and who we are Sustainable Educate & Sustainable organisation challenge investments Working actively to increase gender Working for improved financial Offering sustainable alternatives equality, diversity and empl
Slide 17: Customer growth drives net inflow
Overview Customer growth drives net inflow 160,000 40,000 140,000 35,000 120,000 30,000 Net inflow, SEK m 100,000 25,000 80,000 20,000 New customers 60,000 15,000 40,000 10,000 20,000 5,000 0 0 -20,000 -5,000 -40,000 -10,000 Customer inflow Net inflow 17
Slide 18: Market share of 10% rolling 12M of net savings
Position Market share of 10% rolling 12M of net savings on the Swedish savings market 1) 80% Avanza´s market share of the savings capital 70% Avanza´s market share of the net inflow Avanza’s share of the net inflow was Avanza´s market share of the net inflow, R12m affected by large outflows in depos
Slide 19: Significant growth potential with 8.4% market share of the Swedish savings market
Position Significant growth potential with 8.4% market share of the Swedish savings market • The Swedish savings market: , 5,000 SEK 12,700 billion2) Capital on the Swedish savings market SEK 4,567 bn Avanza's share • Annual market growth of on , 4,500 average 6% last ten years2) , 4,000 • An estima
Slide 20: Largest Swedish participant in stock market transactions on Nasdaq OMX and First North
Position The largest Swedish participant in stock market transactions and turnover on Nasdaq OMX and First North • Market share of 20.4% in terms of transactions and 8.1% of turnover in Q2 2026 Transactions Turnover Avanza Nordea Swedbank SEB SHB DNB Carnegie Nordnet Skandiabanken 20
Slide 21: Age distribution among new customers
Position Age distribution among new customers 7.0 2025 Market penetration 6.0 2022 Total share of Swedish population: 20.5% as of 1 November 2025 2017 • ages 20-29: 37% 5.0 2012 • ages 30-39: 39% Share, % 2007 • ages 40-49: 30% 4.0 Highest penetration in urban areas. Stockholm region, snapshot 3.0 (
Slide 22: Potential in both existing and new customers
Growth potential Potential in both existing and new customers • Increasing share of wallet in existing customer base • Continue to attract young people and keep them happy as wealth grow by age • The broad offering makes us relevant for larger groups of people • Increased savings among women • Regul
Slide 23: Savings capital grow by age
Growth potential Savings capital grow by age 4.00% 1.6 3.50% 1.4 Average savings capital, SEK m 3.00% 1.2 Customers, % 2.50% 1.0 2.00% 0.8 1.50% 0.6 1.00% 0.4 0.50% 0.2 0.00% 0.0 18 62 68 0 2 4 6 8 10 12 14 16 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 64 66 70 72 74 76 78 80 Age
Slide 24: Average savings capital grow by number of years as a customer
Growth potential Average savings capital grow by number of years as a customer at Avanza 700,000 600,000 Savings capital, SEK 500,000 400,000 300,000 200,000 100,000 0 1 month 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 31 December 2025 24
Slide 25: Strong potential when wealth is transferred to the next generation
Growth potential Strong potential when wealth is transferred to the next generation Age distribution Swedish population and Avanza’s customers 3.5% Median age Avanza 391) 3.0% Median age 2.5% Sweden 492) 2.0% 1.5% 1.0% 0.5% 0.0% 24 years 81 years 18 years 21 years 27 years 30 years 33 years 36 years
Slide 26: One of the fastest growing pension companies in Sweden
Growth potential One of the fastest growing pension companies in Sweden • Competitiveness with broad investment opportunities and no annual insurance fees • The strong offer an advantage when the transfer right is improved to the benefit of the consumer 7.5% 100,000 90,000 Savings capital, SEK m 80,
Slide 27: Enabling customers to apply for mortgages from various external lenders
Growth potential Enabling customers to apply for mortgages from various external lenders • Important part of customers’ personal finances • Frees up savings capital with other banks 45,000 40,000 35,000 Volume, SEK m 30,000 25,000 20,000 15,000 10,000 5,000 0 2013 2014 2015 2016 2017 2018 2019 2020
Slide 28: Prepared to capture opportunities in a digitalised world
Growth potential Prepared to capture opportunities in a digitalised world… Increasing digitalisation Data from different financial players A more mobile Increased transparency is leading to a more can be easily shared with third parties occupational pension and consumer agile financial market. by cu
Slide 29: Customer satisfaction and employee engagement create shareholder value over time
To summarise Customer satisfaction and employee engagement create shareholder value over time Long-term targets Customer proposition • Customer satisfaction & Employee engagement • Cheaper, better and simpler offering • Growth in customers and savings capital • High user experience • Profitability a
Slide 30: Appendix
Appendix Operations 31 Financials 32-37 Balance sheet data 38-43 Contact details 44 30
Slide 31: Our targets for a sustainable future
Our targets for a sustainable future Net zero emissions Avanza’s goal is to reduce scope 1, 2 and 3 emissions by 50 percent by 2030 and to achieve net zero emissions of greenhouse gases as soon as possible, by 2045 the latest. This includes emissions generated by the bank itself from energy consumpt
Slide 32: Financial overview
Financial overview Q2 Q1 ∆% Q2 ∆% 2026 2025 ∆% 2026 2026 2025 H1 H1 Operating income, SEK m 1,334 1,257 6 1,062 26 2,591 2,214 17 Operating expenses, SEK m -406 -377 8 -353 15 -783 -687 14 Operating profit, SEK m 928 879 6 709 31 1,807 1,527 18 Operating margin, % 70 70 0 67 3 70 69 1 Income to savi
Slide 33: Long-term revenue development
Long-term revenue development 5,000 4,495 4,500 3,900 4,000 3,437 3,500 2 286 2,973 3,000 2,349 2,500 2,000 1,500 1,000 500 0 2020 2021 2022 2023 2024 2025 Total income Income from sales of shares in Stabelo Net brokerage income Income from mutual funds Net interest income Other income Currency-rela
Slide 34: Income split H1 2026
Income split H1 2026 SEK m % of income Net brokerage income 704 27 Fund commissions, net 436 17 Currency-related income, net 426 16 Net interest income 904 35 1) Other income, net 121 5 Total 2,591 100 1) Mainly income from Avanza Markets, compensation for distribution and stock lending, but also ad
Slide 35: Annual cost development
Annual cost development 1600 1,413 1400 1,280 864 Operating expenses, SEK m 1200 734 1000 657 594 800 600 400 200 0 2020 2021 2022 2023 2024 2025 Total expenses Non-recurring items Personnel Marketing Depreciation Other expenses 35
Slide 36: Costs H1 2026
Costs H1 2026 SEK m % of total costs Comments Regarding technology investments, our Personnel -475 61% philosophy is to expense as much as possible through the income statement. IT systems and licenses -117 15% Our aim is to maintain the balance sheet External services -52 7% as clean and simple as
Slide 37: Operating margin at high levels
Operating margin at high levels 3,500 100 3,078 90 3,000 2,437 2,621 80 2,500 Operating profit, SEK m Operating margin, % 2,292 70 1,940 60 2,000 1,576 50 1,500 40 1,000 30 520 20 500 418 10 0 0 2018 2019 2020 2021 2022 2023 2024 2025 Operating profit Operating margin 37
Slide 38: Balance sheet, 30 June 2026
Balance sheet, 30 June 2026 Assets SEK m Liabilities & equity SEK m Lending to credit Comments 13,799 Deposits 113,194 • Mainly self-financed through shareholders’ institutions1) equity and customer deposits Liabilities in insurance Loans to the public 34,254 operations 349,714 • Surplus-liquidity o
Slide 39: Low-risk loan book
Low-risk loan book Loans to the public of • Funded through customer deposits spread across a very large SEK 34,3 bn number of households Private Banking • All lending is secured mortgage • Mortgage lending limited to 25 per cent of liquidity • Private Banking mortgage requires SEK 3 million of savin
Slide 40: Low cost of risk with marginal credit losses
Low cost of risk with marginal credit losses, SEK m - credit losses of less than 0.02% annually 2001 to 2025 25,000 50% 20,000 40% 15,000 30% 10,000 20% 5,000 10% 0 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Internally financed lending Tota
Slide 41: Treasury portfolio composition
Treasury portfolio composition Municipal bonds, 14% Swedish Central Bank Certificates, 2% • Conservative credit profile • All interest-bearing securities have the highest bond rating • Balanced maturity structure • Exposure in SEK • All securities can be pledged to the Swedish Central Bank Covered b
Slide 42: Stable share of liquidity of total savings capital
Stable share of liquidity of total savings capital • Deposits from the public are considered one of the most secure sources of financing • Liquidity risk is reduced as deposits are spread across a very large number of households 25% 20% 15% 10% 5% 0% Mar-18 May-18 Nov-18 Mar-19 May-19 Nov-19 Mar-20
Slide 43: Strong capital position
Strong capital position 30 June 31 December 20261) 2025 Total capital requirement, %2) 17.5 17.5 Capital surplus, % 10.6 8.9 Total capital ratio, % 28.1 26.5 Leverage ratio,% 4.7 4.4 Capital surplus after LR-requirement and P2-guidance, % 3) 1.2 0.9 1) The consolidated situation as of 30 June 2026 h
Slide 44: Historical financial key data 2001–Q2 2026
Updated 14 July 2026 Historical financial key data 2001– Q2 2026 is available in Excel at: avanza.se/keydata ir@avanza.se More contact details 44
Avanza Bank Holding — Investor Presentation (July 2026) on 6ix