Slide 1: Interim Presentation – Q4/2018
Instabank Interim Presentation – Q4/2018 – February 8 th 2019 instabank.no www.instabank.no
Slide 2: Important information and disclaimer
Important information and disclaimer THIS PRESENTATION (THE “PRESENTATION”) HAS BEEN PRODUCED BY INSTABANK ASA (THE “COMPANY” OR “INSTABANK”), SOLELY FOR USE AT THE PRESENTATION TO INVESTORS AND IS STRICTLY CONFIDENTIAL AND MAY NOT BE REPRODUCED OR REDISTRIBUTED, IN WHOLE OR IN PART, TO ANY OTHER PE
Slide 3: Key figures Q4-2018
Key figures Q4-2018 Quarterly growth in net loans of 271 MNOK + 20 % vs Q4-17 Outstanding net loans of 2,482 MNOK + 88 % vs Q4-17 Customer deposits of 2,832 MNOK + 57 % vs Q4-17 Total income of 54.2 MNOK + 69 % vs Q4-17 Net profit before tax of 10.4 MNOK + 175 % vs Q4-17 Total equity of
Slide 4: Key highlights & developments Q4-18
Key highlights & developments Q4-18 Q4 net profit of 10.4 MNOK before tax Net profit after tax of NOK 8.3 MNOK, up 298 % versus Q4-17 Net loan growth of 271 MNOK, 12 % growth in Q4-18 Finland represented 74 % of quarterly loan balance growth Soft launch of loan products in Sweden Launched thro
Slide 5: Product portfolio
Product portfolio Unsecured consumer loans Deposit accounts Point of sales financing Structured as either a revolving credit Offered to private individuals in Complete offering already in place: facility or an amortizing loan Norway and Finland. − Web payment solutions Upper credit limit of
Slide 6: Distribution channels
Distribution channels Brand distribution Agent distribution Partner distribution + potential new partners Brand Agent Partner distribution volume as of Q4-18 32% distribution volume as of Q4-18 61% distribution volume as of Q4-18 7% 6 DRAFT
Slide 7: Geographical presence & potential new markets
Geographical presence & potential new markets Cross-boarder expansion strategy Illustration of geographical presence Launched operations in Finland Operational platform capable of fast, agile Focus: Northern Europe Instabank introduced its unsecured and cost-efficient cross-boarder expansion con
Slide 8: Continued high loan growth
Continued high loan growth Net loans to customers Number of loan customers Net loans distribution (%) * MNOK 3 000 30 000 # 26% 2 482 2 500 25 000 24 023 2 211 74% 20 427 2 000 1 835 20 000 1 569 16 000 Norway Finland 1 318 1 500 15 000 Net loan growth distribution (%) * 1 093 11 000 1 000 10 000 8
Slide 9: Continued profitability
Continued profitability Total income Net result after tax MNOK 60 MNOK 9 54,3 8,3 52,3 8 50 7,0 44,8 7 6,7 40 38,0 6 30,5 32,1 5 30 4,0 23,7 4 3 20 2,2 2,1 2 10 1,2 1 0 0 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 9
Slide 10: Disciplined cost control
Disciplined cost control Operating expenses by category Key comments MNOK Decrease in total operating expenses driven by less 30,4 30,0 1,6 marketing expenses as activities 25,4 26,0 26,4 Depreciation and amortisation slowed down late in the quarter 25,0 1,2 1,4 6,9 1,9 20,5 and decreased customer
Slide 11: Credit risk development
Credit risk development Impairment losses Past due days at end of quarter MNOK 45,0 % 20 10,040,0 % % 2,1 % 17,5 2,0 % 18 9,0 35,0 % % 1,9 % 1,8 % 1,7 % 1,7 % 31,4 % 16 8,0 30,0 % % 27,9 % 26,5 % 26,3 % 6,8 % 1,5 % 14 12,6 7,0 % 1,4 % 23,7 % 25,0 % 1,3 % 22,9 % 6,0 % 1,2 % 12 6,0 % 5,5 % 6,1 % 9,8 1
Slide 12: Balance sheet structure
Balance sheet structure Assets and liabilities & equity Key financial ratios MNOK 100% 160% 4000 3 415 Other assets 3 060 90% 140% 3000 137% 80% 2 394 Certificates and bonds 2 111 2 229 118% 120% 70% 115% 114% 2000 106% 97% 100% 1 323 Loans and deposits with 60% 97% 1 011 credit institutions 50% 80%
Slide 13: Funding costs and yields
Funding costs and yields Development in yields and funding costs Key comments Attractive interest rate, affected by mix of products, distribution 13,2 % 13,0 % 12,9 % 13,0 % 13,1 % 12,8 % 12,8 % channel, and risk assessment Funding cost decreased as deposit rates have been lowered and deposit mi
Slide 14: Outlook and strategy going forward
Outlook and strategy going forward Continued focus on profitability growth and volume growth Outlook for growth and net loans in MNOK Continue growth story Growth is essential because solid long term profitability will be achieved through economies of scale Key initiatives are product & geogra
Slide 15: Appendix
Appendix Bh Instabank
Slide 16: Financial summary
Financial summary P&L (NOK ‘000) Balance sheet (NOK ‘000) Items FY 2018 Q4-18 Q3-18 Q2-18 Q1-18 FY 2017 Q4-17 Items Q4-18 Q3-18 Q2-18 Q1-18 Q4-17 Operating income Assets Interest income 222 546 70 207 60 090 49 926 42 323 97 536 36 416 Loans and deposits with credit institutions 142 298 145 110 116
Slide 17: Share price and ownership
Share price and ownership Top 20 shareholders as of 06.02.2019 Share price development since OTC listing in October 2016 # Shareholders # of shares % Share price (NOK) 1 KISTEFOS AS 68 784 568 22,6% 3,5 2 HODNE INVEST AS 23 454 360 7,7% 3 VELDE HOLDING AS 20 220 000 6,6% 4 BIRKELUNDEN INVESTERINGSSE
Slide 18: Thank You
Thank You instabank.no www.instabank.no