Hoist Finance Ab · OMXSTO:HOFI
Hoist Finance Ab — Q1 2025 Earnings Presentation
18 slides from Hoist Finance Ab's earnings presentation, May 7, 2025
Slide 1: Q1 2025 Results presentation
HoistFinance Q1 2025 Results presentation
Slide 2: Today's presenters
Today's presenters > © Harry Vranjes Magnus Séderlund CEO CFO HoistFinance
Slide 3: Key highlights Q1
Key highlights Q1 Profit before tax amounted to SEK 332m, compared to SEK 279m in the same quarter last year Return on equity amounted to 16.7 per cent, compared to 18.5 per cent in the same quarter last year Investments in new portfolios totalled SEK 961m in the quarter, resulting in a total invest
Slide 4: Q1 financial summary
Q1 financial summary SEKm Q12025 Q12024 Variance Interest income Investment portfolio 1,201 985 +22% Interest income Co-invest portfolio 35 i) Other interest income 140 74 +89% Interest expense -456 -286 +59% Net interest income 920 773 +19% r 4 A of i . Other income (including impairments) 110 180
Slide 5: Investment portfolio
Investment portfolio 2022 2023 2024 2025 YTD SEK 6.9bn SEK 7.1bn SEK 10.8bn SEK 1.0bn :! 11 :! lf :! 14 45 2,8 * Additional SEK 1.3bn signed, to close in Q2 and Q3 25 24 " 2 2.3 + Strong pipeline for the year 1,9 ‘ 17 19 1,3 11 1,0 = [| Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-
Slide 6: Q1 asset class mix
Q1 asset class mix Investment portfolio Investment portfolio by asset class by market » Asset- and geographical diversification * Sound portfolio risk profile 16% "Unsecured = Secured altaly = Spain Poland Germany —=France Greece "UK = Sweden BeNe+other HoistFinance
Slide 7: Q1 operating leverage
Q1 operating leverage Portfolio book value = Operating income Total cost Profit before tax SEKbn SEKm SEKm SEKm 29 696 699 332 26 * Loan portfolio growth of 16 per cent at constant FX q 279 [Gam * 19 per cent growth in interest income + Strong cost control enabling profit growth Q124— Q1’25 Q124 Q12
Slide 8: Five quarters cost trend
Five quarters cost trend Direct costs — 433—i«(t) 454 402 305 350 351 Baad Qr24 Q2'24 Q3'24 Q4'24 Qrv2s = Gross collections Other direct costs M)Non-recurring ‘Ml Legal costs 435 321 Indirect costs FTE 1,303 335 311 263 270 265 952 273 baal 255 1,288 1,221 1,102 1,031 919 855 737 667 369) 366) 365)
Slide 9: Funding
Funding * Issued SEK 750m in senior preferred bonds over three years at STIBOR +155 basis points, and SEK 700m in senior non preferred bonds over five years at STIBOR + 250 basis points + EUR 40m AT1-instrument redeemed Distribution of funding 0% 2% 1%, = Deposits 10% Sr unsecured debt = ATI instrum
Slide 10: Liquidity position
Liquidity position LCR, % 1,567 NSFR, % Liquidity reserve, SEKbn 138 27 128 127 1,091 16 = 121 24 100 661 752 15 630 " 8 100 Qr24. Q2-24. Q324. Q4-24. QL-25 Q1-24 Q2-24 Q3-24. —Q4-24-—Q1-25 Q124 2-24. 3-24. 4-24. QT-25 * LCR regulatory limit based on SFSA legal position on deposit platforms * NSFR r
Slide 11: CET1 capital position
CET1 capital position Capitalisation, % 13,08% 12.01% CET1-target range 11.01% + Strong capital positon, significantly above 8,71% regulatory requirement * SEK 887m impact from NPL backstop regulation * Continued high investment capacity Regulatory capital requirement Margin above capital requiremen
Slide 12: On track to notify as SDR in 2026
On track to notify as SDR in 2026 Interpretations of the regulatory criteria clarified * Clarifications around the regulatory text in Q1: - Preceding financial year: Fulfilling the criteria on each reporting date during the preceding financial year - Definition of sight deposits: Deposits with no co
Slide 13: Key take aways
Key take aways 13 Strong investment pipeline for the year NPL-ratios in European banks growing and a highly active secondary market Operational leverage continues to increase Significant purchasing power and unmatched funding cost On track to notify as an SDR in 2026 Classification: Publ SEK 28,990m
Slide 14: loistFinance
loistFinance
Slide 15: Appendix
Appendix HoistFinance
Slide 16: Status on the SDR criteria
Status on the SDR criteria Fulfilling the full SDR-criteria on each reporting date during the preceding financial year > From the regulatory text (article 36(5) CRR), conditions to be complied with, on an individual and consolidated basis, to qualify as SDR: The main activity of the institution is t
Slide 17: Overview non-recurring items
Overview non-recurring items P&L nominal Qi'24 Q2'24 Q3'24 Q4'24 Qi'25 SEKm SEKm SEKm SEKm SEKm A a Positive revalutation Impairment gains and losses 7 in Poland a . Italian and German asset Derecognition gains and losses 155 cole Total operating income (0) 155 77 (0) (0) L IT insourcing dual-runnin
Slide 18: Thank you
Thank you HoistFinance