Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordic Baltic Holding — Q3 2000 Earnings Presentation
22 slides from Nordea Bank Abp's earnings presentation, Oct 20, 2000
Slide 1: Nordic Baltic Holding January-September 2000
1RUGLF%DOWLF+ROGLQJ -DQXDU\±6HSWHPEHU
Slide 2: The leading financial services group in the Nordic and Baltic Sea region
7KHOHDGLQJILQDQFLDOVHUYLFHVJURXSLQWKH1RUGLFDQG %DOWLF6HDUHJLRQ Helsinki Bergen Stockholm St. Petersburg Oslo Tallinn Tartu Copenhagen Gdynia Riga Moscow Hamburg Vilnius Gdansk 5DGRP Berlin Warsaw Luxemburg Frankfurt National network Branch office or subsidiary Branch office of an associated bank
Slide 3: Strong growth in financial results
6WURQJJURZWKLQILQDQFLDOUHVXOWV l Operating profit up 38%, to EUR 1,962m (SEK 16,5bn) l ROE 17.5% (excluding goodwill 21.1%) l Stable growth in net interest income and commission income l Operating expenses down in third quarter l Improved rating
Slide 4: Continued improvement in strategic growth areas
&RQWLQXHGLPSURYHPHQWLQVWUDWHJLFJURZWKDUHDV l Norwegian government accepts offer for Christiania Bank; the Group controls 77% of the shares l Strong development in e-business - more than 1.7m e-customers l Assets under management increased to EUR 107bn l Fund manager of the year 2000 in Sweden l Grou
Slide 5: Shareholder value focus
6KDUHKROGHUYDOXHIRFXV l Earnings per share EUR 0.47, up 20% l Market capitalisation of EUR 25bn l Application for listing on the Oslo stock exchange l Share price up 41 % since the year-end l Increased presence in indices
Slide 6: Increased profit
,QFUHDVHGSURILW Jan-Sep Jan-Sep Change 2000 1999 Operating profit, mEUR 1,962 1,424 + 38% Earnings per share, euro 0.47 0.39 +20% Return on equity, % 17.5 16.6 Return on equity excl. goodwill, % 21.1 17.2 Cost/income ratio, banking 53 60
Slide 7: Net interest income
1HWLQWHUHVWLQFRPH EURm 90 0 80 0 51,6 % 70 0 60 0 50 0 40 0 30 0 20 0 of total operating 10 0 income Jan-Sep ‘00 0 Q3/9 9 Q4/99 Q1/00 Q2/00 Q3/00
Slide 8: Net commission income
1HWFRPPLVVLRQLQFRPH EURm 50 0 24,7 % 40 0 30 0 20 0 10 0 of total operating income Jan-Sep ‘00 0 Q3/9 9 Q4/99 Q1/00 Q2/00 Q3/00
Slide 9: Operating income insurance
2SHUDWLQJLQFRPHLQVXUDQFH EURm 30 0 11,0 % 25 0 20 0 15 0 10 0 50 of total operating income Jan-Sep ‘00 0 Investment income Q3/9 9 Q4/99 Q1/00 Q2/00 Q3/00 Investment loss
Slide 10: Net result from financial operations
1HWUHVXOWIURPILQDQFLDORSHUDWLRQV EURm 20 0 7,0 % 15 0 10 0 50 0 of total operating Q3/9 9 Q4/99 Q1/00 Q2/00 Q3/00 income Jan-Sep ‘00 Single capital gain -5 0
Slide 11: Expenses
([SHQVHV EURm 900 O ther 800 expenses 700 Personnell expenses 600 500 400 300 200 100 0 Q3/99 Q4/99 Q 1/00 Q 2/00 Q3/00
Slide 12: Operating profit
2SHUDWLQJSURILW EURm 800 700 600 500 400 300 200 100 0 Q3/99 Q 4/99 Q 1/00 Q2/00 Q3/00
Slide 13: Key figures
.H\ILJXUHV &RVWLQFRPHUDWLREDQNLQJ Combined ratio, general insurance % % 60 120 110 55 100 90 50 80 70 45 60 Jan-Sept ’99 Jan-Sept ’00 Jan-Sep ’99 Jan-Sept ’00 Incl. the impact of the hurricane Including Vesta
Slide 14: Key figures
.H\ILJXUHV % Return on equity % Capital adequacy 22 12 20 18 10 16 8 14 12 6 10 8 4 6 4 2 2 0 0 Jan-Sept ’99 Jan-Sept ’00 End 1999 Sept 2000 52( ([FO*RRGZLOO 7LHU 7RWDOFDSLWDOUDWLR
Slide 15: Profit by business area
3URILWE\EXVLQHVVDUHD Jan-September 2000 EURm 1 40 0 1 20 0 Product result 1 00 0 80 0 O perating profit 60 0 40 0 20 0 0 -20 0 Retail Corpo- Asset Invest- Life In- G eneral Treasury O ther rate & Mana- ment surance Insu- Institu- gement Banking & rance tional Pensions
Slide 16: A vision coming true: Norway
$YLVLRQFRPLQJWUXH1RUZD\ l The Norwegian government agreed to sell its 34.6% Christiania Bank holding to the NBH Group l Public offer to all shareholders was raised accordingly to NOK 49 per share l Including previous holdings in Christiania Bank, the NBH Group now controls 77% of the shares l The ac
Slide 17: Expansion in Poland
([SDQVLRQLQ3RODQG l The NBH Group now controls over 90 % of the Bank Komunalny share capital l Other holdings in Poland include – 45 % of BWP-Unibank – 51 % of the insurance company Energo-Asekuracja S.A. l Authorisation to the Group to commence life insurance operations in Poland has been received
Slide 18: Group net banking services customers
*URXSQHWEDQNLQJVHUYLFHVFXVWRPHUV Million 1,8 Denmark 1,6 Sweden 1,4 Finland 1,2 1,0 0,8 0,6 0,4 0,2 0,0 Dec Jun Dec Jun Dec Jun Dec Jun 1996 1997 1997 1998 1998 1999 1999 2000
Slide 19: Assets under management
$VVHWVXQGHUPDQDJHPHQW EURbn EURbn 120 120 100 100 80 80 Danmark Private banking Finland 60 60 Sweden Institutional 40 40 20 20 0 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1999 2000 2000 2000 1999 2000 2000 2000
Slide 20: Key figures per share
.H\ILJXUHVSHUVKDUH Earnings per share Equity per share EUR EUR 0,60 4,00 0,50 3,00 0,40 0,30 2,00 0,20 1,00 0,10 0,00 0,00 Jan-Sept ’99 Jan-Sept ’00 Sept 30, 1999 Sept 30, 2000
Slide 21: Share price development
6KDUHSULFHGHYHORSPHQWLQ Dec 31, 1999 =100 160 140 120 100 80 60 Jan Feb Mar Apr May Jun July Aug Sep Oct DJ Europe Stoxx Banks Nordic Baltic Holding
Slide 22: Market capitalisation of Nordic banking groups
0DUNHWFDSLWDOLVDWLRQRI1RUGLFEDQNLQJJURXSV October 20, 2000 1R UG LF%DOWLF+R OGLQ J + DQGHOVEDQNHQ 'DQVNH%DQN5 HDO' 6(% )|UHQ LQJ V6S DUEDQNHQ ' HQQR UVNH%DQN &K ULVWLDQLD%DQN 0 5 10 15 20 25 (85EQ
Nordic Baltic Holding — Q3 2000 Earnings Presentation on 6ix