Aktia Bank Plc Class A · OMXHEX:AKTIA
Aktia Bank Plc Class A — Debt Investor Presentation (May 2025)
41 slides from Aktia Bank Plc Class A's debt investor presentation, May 7, 2025
Slide 1: Aktia Q1 Results – Debt Investor Presentation
Slide 2: Q1 highlights
Aktia Q1/2025 Debt Investor Presentation 7/5/25 2 Q1 highlights septs Q1/2025 A%Q1 a ; ; ; 28.7 -15% * Financial performance as expected in a lower interest rate environment and a turbulent (339) market. * Comparable operating profit slightly better than in Q4/2024, but lower than in Q1/2024 due to
Slide 3: Stable start to the year despite challenging markets
Aktia 1/2025 Debt Investor Presentation 7/5/25 3 Stable start to the year despite challenging markets Comparable operating profit 2021-2025 EUR million 124.7 124.5 120.0 104.8 100.0 874 80.0 Q3 31.5 65.2 60.0 Q2 30.8 40.0 ~ -_ cam 0.0 2021 2022 2023 2024 2025 Restated according to the accounting sta
Slide 4: Vision: Aktia empowered by a strong banking heritage
VISION: Aktia empowered by a strong banking heritage. MISSION: To democratise private banking services and build wealth for our customers and society. TRENDS SHAPING OUR OPERATIONS: Times of unrest Wealth on the move The Aktia Active Wealth Winning in Experience Management Strategic Segments Mind an
Slide 5: Strategy acceleration programme
Aktia Strategy acceleration programme: Strengthening execution to increase operating profit run rate with 10 focused streams to Peesieniis-current business Operanon 7/5/25 5 Business oriented growth initiatives Succeeding in our strategic priorities Other profitability driver Enabling initiatives Bo
Slide 6: Business areas
Aktia 1/2025 Debt Investor Presentation 7/5/25 Business areas
Slide 7: Asset Management: measures to strengthen wealth management business
Aktia 1/2025 Debt Investor Presentation ‘Asset Management Banking Life Insurance 715/25 7 Several measures initiated to strengthen our wealth management business ¢ AuM decreased as a result of unfavourable AuM development market developments and changes in EUR billion individual institutional invest
Slide 8: Banking: New lending to private customers increased 20% y-o-y
Aktia 01/2025 Debt Investor Presentation * The loan book remained approximately at the same level as at year-end, the average margin of the loan book continued to grow, and the quality remained good. * Incorporate banking, the growth in hire purchase and leasing financing remained strong. * The dema
Slide 9: Stable development of net income from life insurance
Aktia Q1/2025 Debt Investor Presentation Asset Management Banking Life Insurance 7/5/25 9 Stable development of net income from life insurance ¢ The insurance service result was Net income from life insurance, Q-o-Q relatively stable thanks to a growing EUR million insurance book of profitable risk
Slide 10: Sustainability
Aktia 1/2025 Debt Investor Presentation
Slide 11: Sustainability-driven success for the leading wealth manager
Aktia 01/2025 Debt Investor Presentation 7/5/25 " Sustainability-driven success for the leading wealth manager = 2025 target achieved Prosperity & Planet People Principles of Governance Share of SFDR Article 8 and 9 classified funds Aktia’s ESG ratings Target: increase the share Target: reach at lea
Slide 12: Financial overview
Financial *\ overview \ Aktia
Slide 13: Financial summary
Aktia 1/2025 Debt Investor Presentation Financial summary Q1/2024 Total operating income 73.5 77.3 5% 78.7 7% Net interest income 35.2 39.1 -10% 38.1 8% Net commission income 30.8 301 2% 32.5 -5% Net income from life insurance 65 77 15% 63 4% Other income 09 04 129% 19 -49% Total operating expenses
Slide 14: Balance sheet total EUR 12,001 million
Aktia Q1/2025 Debt Investor Presentation 7/5/25 14 Balance sheet total EUR 12,001 million Total assets EUR million 14,000 11,904 12,000 10,000 8,000 6,000 4,000 2,000 31 Dec 2024 12,001 31 Mar 2025 ™ Lending to the public and public sector entities = Liquidity portfolio Life insurance assets incl. U
Slide 15: Households account for the majority of lending and deposits
Aktia 1/2025 Debt Investor Presentation 7/5/25 6 Households account for the majority of lending and deposits Lending to the public and public sector entities Deposits from the public and public sector entities 7h 59; 289; 1% 1158; % 7% ™ Households ™ Households 1,441, Total ™ Corporates Total ™ Corp
Slide 16: Good cost control despite continued investments in IT
Aktia Q1/2025 Debt Investor Presentation 7/5/25 16 Good cost control despite continued investments in IT * Comparable personnel costs Comparable operating expenses Q1/2025 vs Q1/2024 increased somewhat mainly EUR million due to an increased FTE, compared to Q1/2024. * IT expenses increased by 16% fr
Slide 17: Credit loss provisions were EUR 2.9 million
Aktia Q1/2025 Debt Investor Presentation Credit loss provisions were EUR 2.9 million For the major part, our loan book consists of loans to households supported by residential or real estate collaterals. Credit losses increased slightly, mainly due to impairments in the corporate loan book, reflecti
Slide 18: Our long-term financial targets
Aktia 1/2025 Debt Investor Presentation 7/5/25 18 Our long-term financial targets >15. >25 bn€ > 5», p.a. by 2029 by 2029 through organic growth Capital and dividend policy ~ 6 O, % “This figure reflects gross AuM, which includesall AUM for which Aktia receives fee income prom. From Q1/2025 onwards,
Slide 19: Credit ratings
The Debt ~~ Investment.ca Credit ratings Moody’s: A2 / P-1, stable, Covered Bonds: Aaa S&P: A- / A-2, stable
Slide 20: Rating & funding activities
Aktia 1/2025 Debt Investor Presentation Rating & funding activities * On 26 February 2025, Moody's Investors Service upgraded the long- term outlook on Aktia's credit ratings for short-term and long-term funding from negative to stable. At the same time, Moody's confirmed Aktia’s short-term funding
Slide 21: CET1 ratio was 13.0%
Aktia CET1 ratio was 13.0% and 4.4 percentage points above the regulatory requirement. The CET1 ratio increased mainly as a result of the new CRR3 Capital Requirement Regulation. In the third quarter Aktia intends to switch from the F-IRB approach to the standardised approach for corporate exposures
Slide 22: Other regulative requirements
Aktia 01/2025 Debt Investor Presentation Other regulative requirements Aktia Bank Group's leverage ratio was 4.5% (Q4/2024 4.6%) as of 31 March 2025. * Tier 1 capital EUR 45511 million * Total exposures EUR 10,1407 million On 25 March 2025 the Finnish Financial Stability Authority has updated the MR
Slide 23: Sound funding profile
Aktia 1/2025 Debt Investor Presentation 7/5/25 23 Sound funding profile * Borrowing from the public and public-sector entities was at EUR 4,189 (4,084) million. * The value of bonds issued by Aktia Bank totalled EUR 3,937.3 (Q4/2023: 3,580.7) million. ° Aktia has EMTCN program of EUR 5 billion. All
Slide 24: Redemption schedule
Aktia Q1/2025 Debt Investor Presentation Redemption schedule Year 2025 does not include major redemptions of issued bonds Maturing SEK bond issues will be financed predominantly by corresponding new issues. Next benchmark covered bond issue redeems in March 2026. Maturity profile, 31.3.2025 1,000 90
Slide 25: High-quality liquidity reserve
Aktia Q1/2025 Debt Investor Presentation 7/5/25 25 High-quality liquidy reserve The Liquidity Coverage ratio (LCR) was 161% * The unencumbered assets in the Unencumbered Liquidity reserve, market value liquidity portfolio, which can be EUR million 31 Mar 2025 31 Dec 2024 used as a liquidity reserve,
Slide 26: Low risk liquidity portfolio
Aktia 01/2025 Debt Investor Presentation 7/5/25 26 Low risk liquidity portfolio The liquidity portfolio consists of high-quality assets that can be used to meet liquidity requirements in stressed situations. Assets are: * LCR and ECB eligible covered and SSA notes * Commercial or Municipalities issu
Slide 27: Aktia Bank as covered bond issuer
Aktia 1/2025 Debt Investor Presentation 7/5/25 27 Aktia Bank as covered bond issuer Aktia Bank is issuing the Covered bonds as mortgage bank under the Finnish Covered bond legislation that came into effect on 8 July 2022 (Act on Mortgage Credit Banks and Covered Bonds (151/2022). (Pool 1) The legisl
Slide 28: Cover pool
Aktia Q1/2025 Debt Investor Presentation Aktia Cover pool 1Q 2025 Pool 1(2023-) Pool 2 (2014-2022) Asset Pool Balance EUR 1,153 bin. (no substitute assets) EUR 1,210.4 bin. (no substitute assets) No of loans / average loan balance —_13,353/ EUR 86,342 17,386/ EUR 69,619 Types of loans First ranking
Slide 29: Macro and Housing market update
mialtclace Macro and Housing market update Aktia
Slide 30: Economic sentiment
Aktia Q1/2025 Debt Investor Presentation 7/5/25 30 Economic sentiment Manufacturing industry Construction Services Saldo 50 40 aie pia | Al ‘b 4 V 1 4 -20 -30 -30 40 -37 -50 60 -59 2012 2014 2016 2018 2020 2022 2024 2012 2014 2016 2018 2020 2022 2024 2012 2014 2016 2018 2020 2022 2024 — Outlook near
Slide 31: Current account has improved
Aktia Q1/2025 Debt Investor Presentation 7/5/25 31 Current account has improved Current account, Finland Billion euros, 12 month moving sum 10,0 75 50 25 19 al 00 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Aktia, Macrobond, Statistics Finland,
Slide 32: Gross domestic product behind trend
Aktia Q1/2025 Debt Investor Presentation 7/5/25 32 Gross domestic product behind trend Finland, quarterly gross domestic product, 2015 prices Billion EUR 64 63 62 61 60 59 58 57 56 55. 54 $3 52 51 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 —GDP —Trend 2015-2019 Aktia, Macrobond, Statisti
Slide 33: Inflation back into normal levels
Aktia Q1/2025 Debt Investor Presentation 7/5/25 33 Inflation back into ”normal” levels Finland, annual change in consumer and producer price indecies % Percent 35 35 30 30 25 25 20 20 als) 15 10 10 ee nan ys... “7 \i Vy VV “yd v ° 5 5 “10 -10 1998 2000 2002-2004 += 2006-=S 2008 )=S 2010S 2012S 2014
Slide 34: Labour market is normalising
Aktia 1/2025 Debt Investor Presentation 7/5/2534 Labour market is normalising Job openings, latest observation 03/2025 Number, thousand 150 125, 100 50 2010 2011 2012 2013 2014 2015, 2016 2017 2018 2019 2020 2021 2022 2023 2024 Aktia, Macrobond, Ministry of Economic Affairs & Employment of Finland,
Slide 35: Finnish household indebtedness decreasing
Aktia Q1/2025 Debt Investor Presentation 7/5/25 35 Finnish household indebtedness decreasing Finnish households' indebtedness rate Percent 140 130 120 no 100 90 80 70 60 50 40 30 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2
Slide 36: Residential construction at lows but improving
Aktia Q1/2025 Debt Investor Presentation 7/5/25 36 Residential construction at lows but improving Residential construction activity Million m2, 12 month rolling sum 45 40 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 —Completed —Starts — Permissions Aktia, Macrobond, Statistics Finland.
Slide 37: Small pick-up in real estate activity
Aktia Q1/2025 Debt Investor Presentation 7/5/25 37 Small pick-up in real estate activity Number of real estate transactions, apartments Number of transactions, curnulative 60000 2021 50000 40000 30000 20000 10000 1 2 3 4 5 6 7 8 9 10 1 12 Aktia, Macrobond, Statistics Finland.
Slide 38: Housing prices still at lows in Helsinki
Aktia Q1/2025 Debt Investor Presentation 7/5/25 EOE eee Housing prices still at lows in Helsinki Price index of old blocks’ of flats Index 2020=100 100 94,5 92,9 915 2020 2021 2022 2023 2024 2025 —Rest of Finland —Capital city region —Whole country Aktia, Macrobond, Statistics Finland, 38
Slide 39: Housing market has been challenging
Aktia Q1/2025 Debt Investor Presentation 7/5/25 39 Housing market has been challenging Annual change in prices of apartment blocks, 2025 Q1 Percent -3,5 -3,0 -2,5 -2, -1,5 -1, -0, A ia _ ——— Two rooms — Three roomst+ = Whole country = Capital city region = Rest of Finland Source: Aktia, Macrobond, S
Slide 40: Housing market comparison
Aktia 1/2025 Debt Investor Presentation Housing market comparison Real House Prices (Price to income-ratio) Index 2010=100 130 Sweden 128 Norway 127 Germany 126 Denmark 100 81Finland 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ‘Aktia, Macrobond, BIS (The Bank for Inter
Slide 41: Building wealth for our customers and society
Lf TX in] a} Building wealth for our customers and society Timo Ruotsalainen, Head of Treasury +358 10 247 7211 timo.ruotsalainen@aktia.fi Aktia