Coop Pank As · OMXTSE:CPA1T

Coop Pank As — Q2 2024 Earnings Presentation

19 slides from Coop Pank As's earnings presentation, Jul 18, 2024

  1. Slide 1: Coop Pank Group 2024 Q2 unaudited results

    90057 Coop Pank Group 2024 Q2 unaudited results 18.07.2024

  2. Slide 2: • • • • •

    • • • • •

  3. Slide 3: Loans, deposits and customers

    m€ +163 +11% m€ -15 -1% +90 +5,9% +46 +2,7% 1 621 1 755 1 707 1 722 1 693 1 740 1 494 1 491 1 531 1 458 Q2 2023 Q3 Q4 Q1 Q2 2024 Q2 2023 Q3 Q4 Q1 Q2 2024 '000 +13 +17% m€ -2,4 -22,8% +5,1 +6,1% -1,1 -12% 10,4 11,1 167 175 182 189 196 8,4 9,1 8,0 76,2 77,4 82,0 84,4 89,5 Q2 2023 Q3 Q4 Q1 Q2 2024 Q2 2

  4. Slide 4: Net operating income and net loan portfolio, quarterly change

    • • Quarterly Q2 2024 Q1 2024 change Net operating income ('000 €) 20 465 20 221 +244 +1% Interest 19 319 19 082 +237 +1% • incl interest income 34 691 34 518 +173 +1% incl interest expense -15 372 -15 436 +64 -0% • Service fees and commissions 1 000 1 014 -14 -1% Other 146 125 +21 +17% Operating ex

  5. Slide 5: Net operating income and net loan portfolio, year on year

    • • Q2 2024 Q2 2023 Year on Year • change Net operating income ('000 €) 20 465 22 390 -1 925 -9% Interest 19 319 21 044 -1 725 -8% • incl interest income 34 691 28 486 +6 205 +22% incl interest expense -15 372 -7 442 -7 930 +107% Service fees and commissions 1 000 1 183 -183 -15% Other 146 163 -17 -

  6. Slide 6: Loan portfolio by segment

    • m€, % 7,2% 7,7% 7,9% 7,9% 7,8% • • Gross interest of portfolio • • +163 +11% +90 +5,9% 1 621 1 494 1 491 1 531 1 458 103 101 100 99 171 102 149 153 163 152 654 562 581 597 617 642 662 641 651 693 Q2 2023 Q3 Q4 Q1 Q2 2024 Business loans Private mortgage loans Leasing Consumer loans

  7. Slide 7: Gross loan portfolio and interest by segment

    m€, % m€, % 7,3% 7,8% 8,1% 8,2% 8,1% 5,8% 6,3% 6,7% 6,7% 6,5% 651 672 650 661 703 563 583 598 618 655 Q2 2023 Q3 Q4 Q1 Q2 2024 Q2 2023 Q3 Q4 Q1 Q2 2024 Gross loan portfolio Gross interest % Gross loan portfolio Gross interest % m€, % m€, % 7,2% 7,5% 7,6% 7,3% 6,8% 15,8% 15,5% 14,5% 14,3% 14,0% 106 1

  8. Slide 8: Loan quality and loss allowances

    • m€, % 2,0% 2,1% 2,0% 2,4% 2,2% • 36,5 36,7 • 32,2 4,7 30,1 30,6 5,1 3,6 3,1 4,1 31,3 32,0 27,0 28,5 26,5 % 0,6% - 14,9 - 15,6 - 16,4 - 16,5 - 17,0 0,3% 0,3% Q2 2023 Q3 Q4 Q1 Q2 2024 0,2% 0,2% Past due 1-90 days Past due over 90 days Loss allowances Past due % Q2 2023 Q3 Q4 Q1 Q2 2024

  9. Slide 9: Past due loans and loss allowances by segment

    m€, % m€, % 1,8% 1,7% 2,0% 2,6% 2,5% 1,0% 1,3% 0,8% 0,9% 0,9% 16,1 16,4 11,8 1,3 1,4 6,8 8,4 10,3 10,1 5,3 6,2 6,2 0,7 4,9 5,3 14,8 14,9 9,6 9,4 11,1 - 9,2 - 9,6 - 10,0 - 9,7 - 10,1 - 0,8 - 0,9 - 1,1 - 1,2 - 1,4 Q2 2023 Q3 Q4 Q1 Q2 2024 Q2 2023 Q3 Q4 Q1 Q2 2024 m€, % m€, % 8,1% 8,5% 8,3% 8,4% 7,6% 3

  10. Slide 10: Deposits and total cost of financing

    • m€ 3,3% 3,5% 3,3% • Total cost of financing 2,9% • 2,1% • -15 -1% • +46 +3% • 1 755 1 707 1 722 1 693 1 740 585 531 494 508 563 % 33% 31% 32% 29% 30% 1 170 1 176 1 228 1 185 1 177 Q2 2023 Q3 Q4 Q1 Q2 2024 Term deposits Demand deposits Q2 2023 Q3 Q4 Q1 Q2 2024

  11. Slide 11: Interest income, expense and net interest margin

    % m€ 7,1% 7,0% 7,0% 6,8% 35,0 34,5 34,7 6,4% 33,3 5,6% 28,5 4,8% 23,9 4,6% 4,1% 4,1% 4,2% 4,1% 4,0% 3,9% 3,9% 19,3 3,6% 3,6% 21,0 21,3 20,6 15,0 19,1 19,3 3,5% 3,5% 3,5% 13,4 18,4 3,3% 3,4% 12,4 3,2% 15,8 15,4 15,4 2,7% 14,4 12,7 12,0 11,6 10,6 1,8% 1,4% 7,4 1,0% 5,5 0,6% 0,6% 0,7% 2,3 3,5 1,8 1,8 Q

  12. Slide 12: Clients and market share

    • '000 +29 +17% +7 +3,5% • 196 189 182 175 167 • • Q2 2023 Q3 Q4 Q1 Q2 2024 • '000 +13,3 +17% market share % +5,1 +6,1% 6,0% 6,0% 6,0% 6,1% 6,3% 89,5 6,3% 6,1% 6,0% 5,8% 5,8% 82,0 84,4 76,2 77,4 Market share of deposits Market share of loans Q2 2023 Q3 Q4 Q1 Q2 2024 Q2 2023 Q3 Q4 Q1 Q2 2024 Clients

  13. Slide 13: Capital adequacy

    m€ % 19,6% 20,4% 19,4% 17,4% 17,8% +38 +21% 15,6% 15,6% 16,1% 16,3% 16,3% -1 -0,2% Total (%) Regulatory minimum + P2G (%) 220 219 200 % 192 35 35 181 22 17,5% 17,2% 22 15,3% 15,8% 16,3% 22 28 28 28 16 28 13,0% 13,0% 13,5% 13,6% 13,6% T1 (%) Regulatory minimum + P2G (%) 143 142 150 157 156 % 13,7% 13

  14. Slide 14: Liquidity: liquid assets, LCR and NSFR

    m€; % % 25% 23% 22% 293% 297% 21% 260% 488 18% 465 437 224% 417 373 209% 153% 150% 457 134% 131% 402 426 125% 378 334 100% 100% 100% 100% 100% Q2 2023 Q3 Q4 Q1 Q2 2024 Bonds Cash, balances with other fin. institutions Q2 2023 Q3 Q4 Q1 Q2 2024 Cash, balances with central banks Liquid assets / total a

  15. Slide 15: Cost / Income ratio and ROE

    • Cost / Income ratio % • • 49% 49% 47% 40% 38% • ROE % • 25,6% 25,9% • 19,2% • 18,5% 16,4% Q2 2023 Q3 Q4 Q1 Q2 2024

  16. Slide 16: Shareholder distribution of Coop Pank

    '000 Shareholder distribution of Coop Pank as at 30.06.2024 -0,1 -0% Coop Investeeringud -0,2 -0,4% 22% Others 37,0 37,2 37,1 37,1 36,9 43% Cooperatives 19% Tallinna linnakantselei 3% CM Capital Andres Sonn 5% 8% Q2 2023 Q3 Q4 Q1 Q2 2024

  17. Slide 17: Share price, P/B, EPS and P/E

    Share price €, P/B € trading volume thousand shares 4,20 1,60 2,99 2,46 1,47 1,30 1,24 2,36 1,11 2,11 1,07 1,17 942 Q2 2023 Q3 Q4 Q1 Q2 2024 12.19 06.20 12.20 06.21 12.21 06.22 12.22 06.23 12.23 06.24 EPS € (quarterly) P/E € (TTM) 0,102 0,108 0,089 8,0 0,082 0,078 6,9 6,1 6,2 5,9 Q2 2023 Q3 Q4 Q1 Q2

  18. Slide 18: 8.0 m€ profit, ROE 16%

    8.0 m€ profit ROE 16%

  19. Slide 19: Margus Rink, Paavo Truu

    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

Coop Pank — Q2 2024 Earnings Presentation on 6ix