Coop Pank As · OMXTSE:CPA1T
Coop Pank As — Q1 2022 Earnings Presentation
17 slides from Coop Pank As's earnings presentation, Apr 20, 2022
Slide 1: Coop Pank Group 2022 Q1 unaudited results
Coop Pank Group 2022 Q1 unaudited results 20.04.2022
Slide 2: Business volumes in quarterly comparison
Business volumes in quarterly comparison Loans Deposits m€ +344 +50% m€ +300 +35% +87 +9% +50 +5% 953 1 040 1 149 773 854 987 1 099 696 849 891 Q1 2021 Q2 Q3 Q4 Q1 2022 Q1 2021 Q2 Q3 Q4 Q1 2022 Customers Net profit '000 +14 +33% '000 € +665 +23% +3 +6% +205 +6% 108 115 122 4 302 93 100 3 500 2 835 3
Slide 3: Results of Q1 2022 – compared to Q1 2021
Results of Q1 2022 – compared to Q1 2021 Key indicators in year on year comparison • Revenues +2.6m€ (+29%) Year on Year • Net interest increased +2.6m€ as loan portfolio Q1 2022 Q1 2021 change grew by 344m€ Net operating income ('000 €) 11 492 8 893 +2 599 +29% • Service fees +0.1m€ as no of client
Slide 4: Results of Q1 2022 – compared to Q4 2021
Results of Q1 2022 – compared to Q4 2021 Key indicators in quarterly comparison • Revenues +0.8m€ (+8%) Quarterly • Net interest +0.8m€ (+8%), loan portfolio +87m€ Q1 2022 Q4 2021 change Net operating income ('000 €) 11 492 10 676 +816 +8% Interest 10 595 9 824 +771 +8% • Operating expenses did not
Slide 5: Loan portfolio over 1 bn€, growth driven by business loans
Loan portfolio over 1 bn€, growth driven by business loans Net loan portfolio • Quarterly growth of loan portfolio +87m€ (9%) m€, % • Business loans +45m€ (+10%) 5.7% • Private mortgage loans +32m€ (+9%) 5.6% 5.4% • Leasing +7m€ (+8%) 5.1% 5.0% Gross interest of portfolio • Consumer loans +3m€ (+4%)
Slide 6: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.2% 5.2% 4.9% 4.8% 4.7% 3.5% 3.5% 3.4% 3.3% 3.2% 430 475 337 366 398 312 369 281 309 270 Q1 2021 Q2 Q3 Q4 Q1 2022 Q1 2021 Q2 Q3 Q4 Q1 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 0.6% in Q1 2022 3% 3% 2% • Of which 0.3% related to one-off provisions 2% 2% (0.7m€) due to war in Ukraine 23.9 21.6 21.1 20.5 5.7 16.9 2.1 1.3 6.7 Cr
Slide 8: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 2% 2% 1% 2% 1% 2% 2% 1% 1% 1% 5.6 7.4 5.9 5.5 4.9 4.5 3.7 2.9 0.4 2.9 2.6 3.6 2.8 7.2 0.5 0.2 2.1 2.7 5.8 5.1 0.4 0.4 1.9 4.1 2.4 3.5 - 3.5 - 3.6 - 3.8 - 4.6 - 5.4 2.2 - 0.3 - 0.4 - 0.4 - 0.4 - 0.4 Q1 2021 Q2
Slide 9: Amount of deposits increased, cost is decreasing
Amount of deposits increased, cost is decreasing Deposits • Deposits grew by 50m€ (5%) • +78m€ from business clients m€ (+42m€ demand deposits, +36m€ term deposits) Total cost of financing • +11m€ from private clients (+15m€ demand deposits, -4m€ term deposits) 0.8% 0.8% • -39m€ from Raisin platform
Slide 10: Client base and market share
Client base and market share Total no of clients • Total no of clients increased by 7800 (+7%) in Q1 2022 (+7000 in Q4 2021) '000 +29 +31% • 3200 (+6%) new active clients in Q1 2022 +8 +7% (+3100 in Q4 2021) 108 115 122 100 • 93 Bank’s market share changed in Q1 2022*: • Market share of loan portfol
Slide 11: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Liquidity coverage ratio (LCR) m€, % % 343% 20.7% 18.9% 16.8% 16.6% 16.7% 717 197% 202% 648 180% 593 153% 529 486 100% 101 100 100 108 120 Q1 2021 Q2 Q3 Q4 Q1 2022 Q1 2021 Q2 Q3 Q4 Q1 2022 Total eligible capital RWA Capital adequacy ratio L
Slide 12: Performance indicators
Performance indicators Cost / income ratio (CIR) and ROE • Decreased CIR • Revenues +0.8m€ (+8%) Cost / income ratio % • Costs did not increase • Increased ROE • Strong profitability in Q1 2022 58% 58% • One-off loan provisions at the end of Q1 2022 57% 56% 54% ROE % 16.2% 11.9% 12.0% 12.3% 11.5% Q1
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 94% Swedbank LHV 33% 30% 63% 95% Swedbank 31% 26% 57% 90% SEB 91% Coop Pank 11% 36% 47% 76% LHV SEB 17% 24% 41% 72% Luminor 11% 13% 57% Coop Pank 55% Other 1% First preference 52% Mar
Slide 14: Shareholders
Shareholders No of Coop Pank shareholders TOP shareholders No of shareholders Shareholder distribution of Coop Pank as at 31.03.2022 +13 977 +88% +2 063 +7% Coop Investeeringud 29 862 25% 27 799 Others 24 575 40% 18 462 15 885 Cooperatives 18% Eesti Ühistukapital Q1 2021 Q2 Q3 Q4 Q1 2022 4% CM Capit
Slide 15: Share price
Share price Coop Pank share price and trading volume by dates • Share price at the end of Q1 2022 at 2.68 € (2.99 € at the end of Q4 2021) Aktsia hind €/tk, 4.20 kauplemismaht, tuhat aktsiat 3.52 • No of transactions in Q1 2022 totalling 2.99 2.68 42 thousand 1.79 2.27 2.89 • Volume of transactions
Slide 16: Summary: Q1 2022 results
Summary: Q1 2022 results • Loan portfolio grew by 87m€ in Q1 (+50% YoY) Loan portfolio has reached 1 billion € • Deposits increased by 50m€ in Q1 (+35% YoY) • 7 800 new customers (+31% YoY) The Bank now has a total of 122 000 clients with bank account 3 200 new active • 3 200 new active banking cust
Slide 17: Margus Rink, Paavo Truu contact details
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