Slide 1: Coop Pank Group 2022 Q2 unaudited results
Coop Pank Group 2022 Q2 unaudited results 20.07.2022
Slide 2: Business volumes in quarterly comparison
Business volumes in quarterly comparison Loans Deposits m€ +359 +46% m€ +357 +40% +91 +9% +100 +9% 1 040 1 131 854 953 1 099 1 149 1 249 773 891 987 Q2 2021 Q3 Q4 Q1 Q2 2022 Q2 2021 Q3 Q4 Q1 Q2 2022 Active customers Net profit '000 +14.4 +32% '000 € +1 556 +51% +4.5 +8% +1 088 +31% 115 122 131 100 1
Slide 3: Results of Q2 2022 – compared to Q2 2021
Results of Q2 2022 – compared to Q2 2021 Key indicators in year on year comparison • Revenues +3.4m€ (+37%) Year on Year • Net interest increased +3.3m€ as loan portfolio Q2 2022 Q2 2021 change grew by 359m€ Net operating income ('000 €) 12 757 9 341 +3 416 +37% Interest 11 629 8 325 +3 304 +40% Ser
Slide 4: Results of Q2 2022 – compared to Q1 2022
Results of Q2 2022 – compared to Q1 2022 Key indicators in quarterly comparison • Revenues +1.3m€ (+11%) Quarterly • Net interest +1.0m€ (+10%), loan portfolio +91m€ Q2 2022 Q1 2022 change Net operating income ('000 €) 12 757 11 492 +1 265 +11% Interest 11 629 10 595 +1 034 +10% Service fees and com
Slide 5: Loan portfolio continues to grow
Loan portfolio continues to grow Net loan portfolio • Quarterly growth of loan portfolio +91m€ (9%) • Private mortgage loans +40m€ (+10%) m€, % • Business loans +36m€ (+8%) 5.6% 5.4% 5.1% • Leasing +10m€ (+9%) 5.0% 4.9% Gross interest of portfolio • Consumer loans +6m€ (+9%) +359 +46% +91 +9% 1 131
Slide 6: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.2% 4.9% 4.8% 4.7% 4.8% 3.5% 3.4% 3.3% 3.2% 3.1% 430 475 512 309 337 366 398 437 312 369 Q2 2021 Q3 Q4 Q1 Q2 2022 Q2 2021 Q3 Q4 Q1 Q2 2022 Gross loan portfolio Gross interest % Gross loan portfolio Gross int
Slide 7: Quality of loan portfolio
Quality of loan portfolio Loans past due and loss allowances in balance sheet • Past due portfolio remains at a low 2% m€, % • Credit risk cost ratio 0.4% in Q2 2022 3% • Possible worsening of macroeconomic 2% 2% 2% 2% environment is considered in our impairment calculations 23.9 21.1 20.5 19.0 5.7
Slide 8: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 2% 1% 2% 1% 2% 0.3% 1% 1% 1% 1% 7.4 5.9 5.5 4.9 4.3 2.9 1.7 3.7 7.2 0.3 2.9 2.6 2.8 5.8 0.2 0.2 2.1 2.7 1.6 5.1 0.4 0.4 - 3.6 - 3.8 - 4.6 2.5 2.3 3.5 4.1 - 5.4 - 6.0 - 0.4 - 0.4 - 0.4 - 0.4 - 0.5 Q2 2021 Q3 Q4
Slide 9: Deposits increased
Deposits increased Deposits • Deposits grew by 100m€ (9%) • +87m€ from business clients m€ (+31m€ demand deposits, +57m€ term deposits) Total cost of financing • +4m€ from private clients (+11m€ demand deposits, -7m€ term deposits) 0.8% 0.7% 0.6% • +9m€ from Raisin platform and other financial 0.5%
Slide 10: Client base and market share
Client base and market share Total no of clients • Total no of clients increased by 8300 (+7%) in Q2 2022 (+7800 in Q1 2021) '000 +30 +30% • 4500 (+8%) new active clients in Q2 2022 +8 +7% (+3200 in Q1 2022) 115 122 131 100 108 • Bank’s market share changed in Q2 2022*: • Market share of loan portfo
Slide 11: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Liquidity coverage ratio (LCR) m€, % % 18.9% 202% 197% 16.8% 16.6% 16.7% 16.7% 180% 160% 153% 805 717 648 593 529 100% 108 120 135 100 100 Q2 2021 Q3 Q4 Q1 Q2 2022 Q2 2021 Q3 Q4 Q1 Q2 2022 Total eligible capital RWA Capital adequacy ratio L
Slide 12: Performance indicators
Performance indicators Cost / income ratio (CIR) and ROE • Decreased CIR (long term goal: <50%) • Revenues +1.3m€ (+11%) Cost / income ratio % • Costs +0.4m€ (+7%) 57% 56% 58% • Increased ROE (long term goal: >15%) 54% 52% • Strong profitability in Q2 2022 ROE % 16.2% 15.8% 11.9% 12.0% 12.3% Q2 2021
Slide 13: Brand awareness and preference as a financial partner
Brand awareness and preference as a financial partner Brand awareness of Coop Pank Preference as a financial partner 97% Swedbank LHV 32% 29% 61% 94% Swedbank 28% 27% 55% 92% SEB 90% Coop Pank 11% 34% 45% 74% LHV SEB 19% 23% 42% 76% Luminor 15% 16% 57% Coop Pank 57% Other 3% First preference 61% Jun
Slide 14: Shareholders
Shareholders No of Coop Pank shareholders TOP shareholders No of shareholders Shareholder distribution of Coop Pank as at 30.06.2022 +11 534 +62% +134 +0% Coop Investeeringud 25% 29 862 29 996 Others 27 799 40% 24 575 18 462 Cooperatives 18% Eesti Ühistukapital 3% CM Capital Andres Sonn Q2 2021 Q3 Q
Slide 15: Share price
Share price Coop Pank share price and trading volume by dates • Share price at the end of Q2 2022 at 2.32 € (2.68 € at the end of Q1 2022) Share price €, 4.20 trading volume thousand shares 3.52 2.99 2.68 • No of transactions in Q2 2022 totalling 2.27 2.32 18 thousand 1.79 2.89 1.21 942 2.27 • Volum
Slide 16: Summary: Q2 2022 results
Summary: Q2 2022 results • Business volumes continue to grow ca +40% YoY • Net profit 4.6m€ (+51% YoY) • CIR: 52% (Q2 2021 57%) • ROE: 15.8% (Q2 2021 11.9%) 4.6m€ profit • Made first dividend payment of 2.7m€ (€0.03 per share) • 16.1m€ of additional capital gained to support growth strategy ROE 15.8
Slide 17: Margus Rink, Chairman of Board, CEO
Margus Rink Chairman of Board, CEO margus.rink@cooppank.ee Paavo Truu Member of Board, CFO paavo.truu@cooppank.ee https://www.cooppank.ee/en/for-investors