Coop Pank AS · OMXTSE:CPA1T
Coop Pank AS — Q2 2021 Earnings Presentation
17 slides from Coop Pank AS's earnings presentation, 2021
Slide 1: Coop Pank Group 2021 Q2 unaudited results
Coop Pank Group 2021 Q2 unaudited results
Slide 2: Business volumes in quarterly comparison
Business volumes in quarterly comparison Loans Deposits m€ +213 +38% m€ +276 +45% +77 +11% +43 +5% 849 891 773 688 758 599 671 696 615 559 Q2 2020 Q3 Q4 Q1 2021 Q2 Q2 2020 Q3 Q4 Q1 2021 Q2 Daily banking clients Net profit '000 +26 +34% '000 € +1 670 +123% +7 +8% +197 +7% 93 100 3 032 75 80 87 2 424
Slide 3: Results of Q2 2021 – compared to Q2 2020
Results of Q2 2021 – compared to Q2 2020 Key indicators in year on year comparison • Revenues +1.9m€ (+25%) • Net interest increased +1.5m€ as loan portfolio grew by Year on Year Q2 2021 Q2 2020 change 213m€ Net operating income ('000 €) 9 341 7 464 +1 877 +25% • Service fees +0.3m€ Interest 8 325 6
Slide 4: Results of Q2 2021 – compared to Q1 2021
Results of Q2 2021 – compared to Q1 2021 Key indicators in quarterly comparison • Revenues +0.4m€ (+5%) • Net interest +0.3m€ (+4%) Quarterly Q2 2021 Q1 2021 change • Service fees +0.1m€ (+21%) Net operating income ('000 €) 9 341 8 893 +448 +5% Interest 8 325 8 043 +282 +4% Service fees and commissi
Slide 5: Loan portfolio growth driven by business loans
Loan portfolio growth driven by business loans Net loan portfolio • Quarterly growth of loan portfolio +77m€ (11%) m€, % • Business loans +36m€ (+14%) 6.2% • Private mortgage loans +29m€ (+10%) 6.1% 5.9% 5.7% 5.6% • Leasing +10m€ (+11%) Gross interest of portfolio • Consumer loans +2m€ (+3%) +213 +3
Slide 6: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.6% 5.5% 5.5% 5.1% 5.1% 3.6% 3.6% 3.6% 3.4% 3.4% 262 270 312 240 264 281 309 205 219 221 Q2 2020 Q3 Q4 Q1 2021 Q2 Q2 2020 Q3 Q4 Q1 2021 Q2 Gross loan portfolio Gross interest % Gross loan portfolio Gross int
Slide 7: Quality of loan portfolio
Quality of loan portfolio Loans past due and loss allowances in balance sheet • Past due portfolio remains at low level of 3% m€, % • Amount of payment holidays remains at a stable low level (ca 10m€ Q2 2021: 1% of total portfolio) 7% 5% 3% 3% 3% • Credit risk cost ratio 0.4% in Q2 2021 37.4 33.3 (Q
Slide 8: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 6% 6% 2% 2% 2% 3% 3% 2% 2% 2% 12.9 12.7 5.7 6.4 5.5 6.3 6.1 4.6 5.6 4.9 0.6 4.6 4.5 0.5 0.4 6.6 6.6 3.6 2.8 0.6 0.5 4.0 1.9 2.1 5.1 5.9 5.1 - 2.2 4.0 4.1 - 2.5 - 3.2 - 3.5 - 3.6 - 0.7 - 0.7 - 0.2 - 0.3 - 0.4 Q
Slide 9: Amount of deposits increased, cost stable
Amount of deposits increased, cost stable Deposits • Deposits grew by 43 € (5%) compared to Q1 2021 m€ • +18m€ from private clients Total cost of financing (+16m€ demand deposits, +2m€ term deposits) 1.0% 0.9% • +79m€ from business clients 0.8% 0.8% 0.8% (+46m€ demand deposits, +33m€ term deposits)
Slide 10: We are growing client base and market share
We are growing client base and market share Market share and number of bank clients • 7 000 new clients with bank account in Q2 2021 (+6 500 in Q1 2021) Market share % Market share of loans • +6 500 private clients 3.4% 3.4% 3.6% • +500 business clients 3.1% 2.9% 3.5% 3.5% 2.9% 3.1% 3.2% Market shar
Slide 11: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Liquidity coverage ratio (LCR) m€, % % 423% 392% 20.8% 20.7% 19.5% 343% 18.9% 18.9% 275% 529 486 457 424 394 180% 100% 82 89 101 100 80 Q2 2020 Q3 Q4 Q1 2021 Q2 Q2 2020 Q3 Q4 Q1 2021 Q2 Total eligible capital RWA Capital adequacy ratio LCR
Slide 12: Performance indicators
Performance indicators Cost / income ratio (CIR) and ROE • Decreased CIR • Revenues +0.4m€ (+5%) Cost / income ratio % • Costs +0.2m€ (+4%) • Increased ROE • Strong monthly net profits in Q2 2021 62% 58% 59% 58% 57% ROE % 11.5% 11.9% 10.1% 8.6% 6.0% Q2 2020 Q3 Q4 Q1 2021 Q2
Slide 13: Brand awareness and preference as a financial partner
Brand awareness and preference as a financial partner Brand awareness of Coop Pank Preference as a financial partner 96% Swedbank Swedbank 37% 23% 60% 96% LHV 29% 33% 62% 92% SEB 93% SEB 17% 29% 46% 71% LHV Coop Pank 10% 37% 47% 72% Luminor 14% 16% 59% Coop Pank 61% Other 2% First preference 58% Jun
Slide 14: Summary: Q2 2021 results
Summary: Q2 2021 results • Loan portfolio grew by 77m€ in Q2 (+38% YoY) • Deposits increased by 43m€ in Q2 (+45% YoY) • 7 000 new customers (+34% YoY) The Bank now has a total of 100 000 clients with bank account • Net profit 3.0m€ (+123% YoY) 7 000 new clients 3.0m€ profit
Slide 15: Shareholders
Shareholders No of Coop Pank shareholders TOP shareholders No of shareholders Shareholder distribution of Coop Pank as at 30.06.2021 18 462 49 15 885 Coop 44 Investeeringud 25% 12 486 12 867 Others 12 401 11 958 43 47 38% 11 273 43 10 851 48 46 45 18 413 15 841 12 820 Cooperatives 11 910 12 358 12 4
Slide 16: Share price
Share price Coop Pank share price and trading volume by dates Coop Pank share price compared to other banks Share price (€) and trading volume (thousand shares) Share prices indexed to 100 as at 10.12.2019 250 2.27 216 2.20 205 209 200 201 1.79 150 135 123 117 114 109 131 96 98 99 1.21 100 88 93 106
Slide 17: Kerli Lõhmus
Margus Rink Chairman of Board, CEO margus.rink@cooppank.ee Kerli Lõhmus Member of Board, CFO kerli.lohmus@cooppank.ee https://www.cooppank.ee/en/for-investors