Skandinaviska Enskilda Banken AB Class A · OMXSTO:SEB_A
Skandinaviska Enskilda Banken AB Class A — H1 2006 Earnings Presentation
17 slides from Skandinaviska Enskilda Banken AB Class A's earnings presentation, Jul 21, 2006
Slide 1: SEB 150 Years
S|EIB 1856|2006 SEB 150 YEARS
Slide 2: Result presentation January – June 2006
Annika Falkengren President and CEO Result presentation January – June 2006 July 21, 2006 2
Slide 3: Strong economic climate, continued strong business generation
z Strong economic climate – uncertainty creating volatility z Continued strong business generation z Revenues drive profit growth 3
Slide 4: Operating profit – SEK 3.9bn
Operating profit – SEK 3.9bn 3.9 3.7 3.4* 3.0 3.0 2.6 2.7 2.7 2.4 2.3 Q1-04 Q2-04 Q3-04 Q4-04 Q1-05 Q2-05 Q3-05 Q4-05 Q1-06 Q2-06 * Excluding one-off charges of SEK 890m 4
Slide 5: Key figures
Key figures SEB Group Q2 Q1 Jan – Dec 2006 2006 2005 Return on Equity, % 20.2 19.6 15.8 Cost / income ratio 0.58 0.60 0.65 Credit loss level, % 0.07 0.09 0.11 Earnings per share, SEK 4.38 4.22 12.58 Core capital ratio, % 7.50 7.31 7.53 5
Slide 6: Profit and loss account
Profit and loss account SEB Group, SEKm Jan – Jun Jan – Jun Change Jan – Dec 2006 2005 % 2005 Total operating income 19,301 16,389 18 34,227 Total operating expenses -11,407 -10,331 10 -22,149 Operating profit 7,576 5,673 34 11,223 Net profit 5,774 4,273 35 8,421 6
Slide 7: Net interest income
Net interest income SEB Group, SEKm 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- 02 02 02 02 03 03 03 03 04 04 04 04 05 05 05 05 06 06 Net interest income 7
Slide 8: Net interest income analysis
Net interest income analysis Change Q2 2006 vs. Q1 2006 10 10 41 3,596 3,578 -42 -6 -31 Q1 2006 Lending Lending Deposit Deposit Pre- Treasury & Q2 2006 margin volume margin volume redemption other fees 8
Slide 9: Household mortgages – Sweden
Household mortgages – Sweden Volumes and margins Outstanding volume, SEKbn Average margin, % 180 1.2% 160 1.0% 140 120 0.8% 100 0.6% 80 60 0.4% 40 0.2% 20 0 0.0% Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- 03 03 04 04 04 04 05 05 05 05 06 06 9
Slide 10: Net interest and Net fee and commission income
Net interest and Net fee and commission income Deal driven +6% SEB Group, SEKm Brokerage -2% Asset mgmt +3% Non capital market +6% 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- 02 02 02 02 03 03 03 03 04 04 04 04 05 05 0
Slide 11: Cost development
Cost development Change Jan – Jun 2006 vs. 2005 180 217 11,407 50 629 10,331 Jan – Jun Remuneration Organic growth / Net Increased Jan – Jun 2005 related acquisitions distribution market 2006 fees activity & (Insurance other brokers) 11
Slide 12: Net credit loss level
Net credit loss level Stable for five years 0,4% 0,3% 0,2% 0.12% 0,1% 0.08% 0,0% 0.05% -0,1% -0,2% Jun Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun 2001 2002 2003 2004 2005 2006 SEB Group SEB AG SEB excl. AG 12
Slide 13: Operating profit per division
Operating profit per division SEKm Jan – Jun 2006 ● TCM +56% ● GTS +112% ● Corp Fin +82% Changes vs. Changes vs. Jan – Jun 2005 Q1 2006 SEB Merchant Banking 3,789 54% 6% Nordic Retail & Private Banking 1,865 23% 2% German Retail & Mortgage 399 68% 13% Banking Eastern European 1,004 50% 23% Banking S
Slide 14: Swedish Mutual Funds Market Net Sales and SEB Share
Swedish Mutual Funds Market Net Sales and SEB Share Total Net Sales, SEKbn SEB share, % 80 40 70 35 60 30 50 25 40 20 30 15 20 10 10 5 0 0 2001 2002 2003 2004 2005 June 2006 14
Slide 15: SEB Trygg Liv results
SEB Trygg Liv results SEKm 2,213 1,997 1,920 1,280 1,493 1,376 1,194 1,427 1,739 915 933 1,303 570 578 1,241 181 73 -47 2001 2002 2003 2004 2005 Jan –Jun Operating profit Net change in surplus value 2006 * Including SEB Pension (Denmark) from Q4 2004 15
Slide 16: Strong basis for future challenges
Strong basis for future challenges z Financial performance leadership – Leading in terms of RoE – Sustainable profitable growth z Client satisfaction leadership – #1 in our chosen markets 16
Slide 17: SEB 150 Years
S|EIB 1856|2006 SEB 150 YEARS
Skandinaviska Enskilda Banken — H1 2006 Earnings Presentation on 6ix