UmweltBank AG · XETR:UBK
UmweltBank — Investor Presentation (September 2023)
29 slides from UmweltBank's investor presentation, September 2023
Slide 1: Company Presentation
=| i HB Fes il. a Se. COMmpany Presentation UmweltBank AG Ff ey ii ae eee ||
Slide 2: UmweltBank — Sustainable Banking Made Profitable
UmweltBank — Sustainable Banking Made Profitable founded 1997 Total assets: in Nuremberg Green loans UmweltBank mp €3.9 bn Mein Geld macht grin. 25,000 sustainable 130,000 projects customers =| As of 30 June 2023 | 2
Slide 3: Financials and Developments in H1 2023
Financials and Developments in H1 2023
Slide 4: H1 2023 at a glance
H1 2023 at at glance Financials * H12023 influenced by challenging market H12023 environment as well as investments in IT and staff * Earnings under pressure from increased interest expenses and declining income from the securities business €6 bn Total * Newly hired employees and salary adjustments
Slide 5: H1 2023 - Financials
H1 2023 - Financials Total assets in€bn 6.0 6.0 30.06.2023 31.12.2022 New lending volume Earnings before taxes in€m in€m 399 397 261 326 26 213 27 a7 140 [| | ~ = H119 H121 H123 HJ19 HJ 21 HJ 23 Y Slight decline in customer deposits Y Growing refinancing by promotional banks Y Amount of TLTRO funds
Slide 6: H1 2023 - Financials
H1 2023 - Financials Interest, financial and Net commission and Challenging environment valuation result trading income slows down income development in€m in€m ¥ Interest, financial and valuation result burdened by significantly 34.2 4948 baa 260 7 251 38 increased interest expenses with 7 : only sl
Slide 7: H1 2023 - Financials
H1 2023 - Financials Personnel expenses Other administrative Investments support nem expenses sustainable growth in€m Y Personnel expenses increased significantly due to necessary new hires and salary adjustments for the existing 14.4 123 9.6 9.4 67 83 75 staff 5.3 5.3 61 Y Other administrative expe
Slide 8: Outlook 2023
Outlook 2023 Outlook influenced by investments Earnings before taxes and reserves and challenging environment in€m Y Rising interest rates will positively affect the interest margin in the medium term, yet are challenging in the short term 37.6 37.8 38.1 39.2 Y The positive effects of TLTRO funds ob
Slide 9: Three Focused Business Areas: Strong Base with a Lot of Potential
Three Focused Business Areas: Strong Base with a Lot of Potential
Slide 10: 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 11: Our Core Business — Loans for Sustainable Projects
Our Core Business — Loans for Sustainable Projects Deposits €3.0 bn Green savings accounts Eco-friendly loans* €3.9bn *Loans for sustainable projects including outstanding commitments ** Other projects such as organic farming 3 UmweltBank Mein Geld macht gran. Y Robust and profitable core business o
Slide 12: 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 13: 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 14: UmweltSpektrum Funds Further Growing
UmweltSpektrum Funds Further Growing Assets under management in€m WwW UmweltSpektrum Die Fondsmarke der Uma Bank. Y The young fund brand is still being developed and is slowly becoming 131 better known outside of the 100 UmweltBank clientele Y UmweltSpektrum Mix celebrated its 3rd birthday in Februa
Slide 15: 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 30 June 2023) * Investments across all of Germany > solar and wind power plants > affor
Slide 16: Gradually Increasing Earnings Contribution
Gradually Increasing Earnings Contribution Apartments Rented: 456 | 39,837 m 4 Construction: 781 | 63,380 m’ , Planned: 99 | 6,691 m? Umwelt Projekt Photovoltaiks (in kwp) : ; , Operating: 51,800 Y Expansion of the project Portfolio: Construction: 6500 > more than 1,300 apartments P| d: . 214.000 >m
Slide 17: The Investments of Today are the Chances of Tomorrow
The Investments of Today are the Chances of Tomorrow
Slide 18: 25 years of UmweltBank — Time for Change
25 years of UmweltBank — Time for Change * 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 * 2022 m
Slide 19: Ready for the Digital Future with New Core Banking System
Ready for the Digital Future with New Core Banking System A modern system Status quo New system by Atruvia won't come for free = Manual effort in various Y Enhanced (digital) customer Y (Planned) costs: ute IIS experience > 2022: around €4m Y Continuously growing Y New possibilities for > 2023: arou
Slide 20: We're getting Fit for the Coming Years
We're getting Fit for the Coming 25 Years Expansion of the Extending the Growing the loan and deposit investments in prominence of the business green projects UmweltSpektrum funds Moving into »UmweltHaus* UmweltBank ,,neo* Migration of the Optimisation of the Sharpeningthe unfolds its full core bank
Slide 21: Green and Profitable — the Bank for the Future
Green and Profitable — the Bank for the Future Sustainability Y UmweltBank has been profitable since it was founded in 1997 3 UmweltBank Y High quality low-risk loan portfolio with low default rates Y Inits history of 26 years UmweltBank has already paid a dividend 23 times Consistent sustainability
Slide 22: Financial Calendar 2023/2024
Financial Calendar 2023/2024 18 March 2024 18 March 2024 29 April 2024 End of May 2024 27 June 2024 19 August 2024 Annual press conference Preliminary results FY2023 Audited results FY 2023 Sustainability and annual report 2023 Annual General Meeting Interim results 2024 Oliver Patzsch Manager Inves
Slide 23: Appendix
Company Presentation Appendix
Slide 24: UmweltBank — a Hidden Champion
UmweltBank — a Hidden Champion Shareholders Key data GLS Bank Symbol / ISIN UBK / DEO005570808 Free float Mostly held by customers of Number of shares 35,662,712 UmweltBank (~ 60%) as well as professional investors, such as: 85% Market capitalisation €391m > Stuttgarter Lebensversicherung > Evangeli
Slide 25: 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 26: Financials H1 2023
Financials H1 2023 31.12.2022 30.06.2023 Ain% Business volume €m 6,602 6,805 3.1 Total assets €m 5,981 6,023 07 Regulatory capital* €m 529 530 0.2 Client deposits €m 3,176 3,046 4] Environmental loans €m 3,703 3,889 5.0 Financed eco-friendly projects since 1997 Number 24,949 25,073 05 Volume of secu
Slide 27: Financials H1 2023
Financials H1 2023 30.06.2022 30.06.2023 Ain% Net financial income, interest and valuation changes €k 29,685 25,130 - 15.3 Net income from commissions and fees €k 4,884 4,830 - 11 Personnel expenses €k 9,596 12,273 + 279 Other administrative expenses €k 9,371 14,353 + 53.2 thereof, banking tax and d
Slide 28: 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 6,602 + 23 Total assets €m 3,699 4,095 4,944 5,928 5,981 + 09 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 29: 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 74,044 + 17.2 Net income from commissions and fees €k 2,605 5,084 5,148 9,421 9,345 - 08 Other expenses (-) / income (+) €