Umweltbank Ag · XETR:UBK
Umweltbank — H1 2025 Earnings Presentation
33 slides from Umweltbank's earnings presentation, Jul 31, 2025
Slide 1: UmweltBank H1 2025 Business Update
? UmweltBank Investor Presentation UmweltBank AG H1 2025 Business Update 31st of July 2025 No attestation is planned for the H1/2025 figures.
Slide 2: Disclaimer
Disclaimer No attestationis planned for the H1/2025 figures. This presentation contains forward-looking statements in the form of a scenario (2025-2028). Forward-looking statements are statements that are not based on past facts and figures, but on assumptions and estimates. These statements reflect
Slide 3: Committed to sustainable finance for over 25 years
UmweltBank has been committed to sustainable finance and the sustainable transformation of society since its founding over 25 years ago. Bin ich befde richtigen Bank, wenn ich nachhaltig leben will? _ Vision Together we are shaping a world worth living in for ourselves and future generations. Tut me
Slide 4: Significant strategic and operational successes in the first half of 2025
UmweltBank AG with significant strategic and operational successes in the first half of 2025. * UmweltBankAG achieves earnings before taxes of + 6.7 million € * — Total capital ratio of 15.9% by applying CRR III * Outstanding digital and personal customer experience achieved * — Fitch rates UmweltBa
Slide 5: Earnings before taxes of EUR +6.7 million in the first half of 2025
UmweltBank achieves earnings before taxes of EUR +6.7 million in the first half of 2025. Earnings forecast for 2025 unchanged at between EUR 5 million and EUR 10 million before 6.7 taxes. Earnings Before Taxes and Changes of Reserves (million €) 39.2 5-10 87 -5.6 -8.5 2022 2023 2024 2025e H124 H125
Slide 6: Scenario 2028 with earnings range and return on equity above 12%
Scenario 2028 with earnings range and return on equity (before taxes) > 12% ¢ Earnings driver until 2028: Earnings Before Taxes and Changes of Reserves (million €) + Increase in customer deposits by ~ 2.4 80 billion €. Significant expansion of the product range 60 for private customers with current
Slide 7: Retail Banking
Retail Banking Sophie-Charlotte 113 Berlin ©Klinkenberg Architekten
Slide 8: Solid demand in private customer business in first half of 2025
Solid demand in private customer business in the first half of 2025 with growth of around 5,800 net new customers and EUR 140 million in deposits. Retail Customer Deposits Number of (billion €) Customers (thousand) 35 36 43 210 . . 161 25 O we 55S 23 24 H125 25e 23 24 H125 25e Customer Securities Vo
Slide 9: Successful launch of the new UmweltGiro current account
Successful launch of the new “UmweltGiro” current account. At the same time, we continue to pursue our strictly sustainable, award-winning business model and product portfolio. ¥& Trustpilot Stiftung Warentest has recognized UmweltBankas one of three banks with a strictly sustainable rating. The Umw
Slide 10: Scenario 2028 with ambitious growth path in private banking
Scenario 2028 with ambitious growth path and high scaling effects in the private banking business. Retail Customer Deposits Number of Customer Securities Volume (billion €) house) (million €) thousan 1 I 1 t 5.9 ! 1 1 i 43 50 2° 500 2,000 3518 \ 380 1 1,600 25 1 ! 280 | ggo 1200 a5 1 210 687 620 ! 1
Slide 11: Wind park Burgerwind
Wind park Burgerwind Fuchstal, Bavaria a ©UmweltBank AG
Slide 12: Corporate banking business with selective new loan business
Corporate banking business with selective new loan business in the half of 2025. 37 23 Credit Volume (billion €) 3.4 32 24 H125, 3.5 25e Gross New Loan Business (million €) 459 250- 350 250 49° 40 | 23 24 += Se H124 H125 In the loan business, demand remains high in the areas of renewable energies an
Slide 13: Loan Portfolio - Geographic and Sector Split
Loan Portfolio - Geographic and Sector Split Geographic Focus on Economically Strongest Areas of Germany Loan Portfolio by Geographical Segments Other Federal States 18% Bavaria 25% Schleswig- Holstein 8% 100 % Germany North Rhine-Westphalia ‘oe 9% Baden-Wiirttemberg 10% Loan Portfolio by Sector Sus
Slide 14: Driving forward financing of the green transformation of our economy
We are continuing to drive forward the financing of the green transformation of our economy and positioning ourselves for the future. Collegium Academicum, Heidelberg Philipp Garschke Solarpark Dippoldiswalde, Saxony ©Sabowind Service GmbH Birgerwindpark Fuchstal, Bavaria mweltBank AG 14
Slide 15: Scenario 2028: stable credit volume with gradual increase in new loans
Scenario 2028: For the optimal use of equity, we assume a temporarily stable credit volume with a gradual increase in new loan business. Credit Volume Gross New Loan Business + The green transformation of (billion €) (million €) our economy continues to advance. + Unbroken high demand both 1 1 1 1 4
Slide 16: Income and Expense Planning
Incomeand |. Expense Planning
Slide 17: Net interest and commission income above previous year
Net interest and commission income in the first half of 2025 above the previous year's level. Financial result due to dividend payout from a subsidiary and a real estate sale. Net Interest Income Financial Result Net Commission & Trading Income (million €) (million €) (million €) 60-65 on 45.0 18-20
Slide 18: Scenario 2028: Significant increase in net interest income
Scenario 2028: Significant increase in net interest income coupled with an increase in net commission income. Net Interest Income Net Commission &Trading Income (million €) (million €) 140 40 120 30 100 20 80 60 10 40 0 23 24 25 26 27 28 23 24 25 26 27 28 + Net interest income is expected to benefit
Slide 19: Personnel expenses at previous year's level
Personnel expenses in the first half of 2025 at the previous year's level. Further significant year-on-year decline in administrative expenses targeted. Personnel Expenses (million €) 29 25.6 26.1 4 14 23 24 « 25e H124 H125 Other Administrative Expenses (million €) 40.6 38 31.5 21 16 23 24° 5e H124
Slide 20: Targeted reduction in administrative expenses in 2025
The targeted reduction in administrative expenses in 2025 can presumably be achieved. Other Administrative Expenses (million €) 40. 0.6 38 315 21 16 23 24° Se H124 H125 aa a Bhalival renee 2023 2024 12025 2025e IT expenses 1.1 9.1 S 9 Marketing expenses 25 87 4 9 Other administrative expenses 7.9 22
Slide 21: Ongoing efficiency program to be systematically continued
The ongoing efficiency program is to be systematically continued and supplemented by the aspects of active cost management and operational excellence. * — The following topics will be further pursued in Efficiency program 2025. Goals 2025 - 2028 * Following the successful change of the core banking
Slide 22: Scenario 2028: employees and personnel expenses
Scenario 2028: In the short term, UmweltBank plans for an increase in the number of employees, which then first reduces and then stabilizes in subsequent years due to efficiency gains. Emloyees (EOY, FTE) f 336 1350 350 340 340 312 \ | 1 \ 1 f \ 1 \ 1 \ 1 \ 1 f \ 1 1 1 23 24 | Be 2 27 28 Actual | Sc
Slide 23: Scenario 2028: administrative expenses
Scenario 2028: Significant decrease in administrative expenses in 2025 assumed. Significant increase in subsequent years due to the planned introduction of the current account. Other Administrative Other Administrative Expenses 2553 2024 2025e 2026 2027 +~—«-2028 Expenses (million €) (million €) IT
Slide 24: Significantly reduced interest rate risk compared to previous year
UmweltBank has significantly reduced its interest rate risk compared to the previous year. Change in PV in Present Value Interest Rate Risk according to IRRBB Guideline phangein PV relation — to core capitalin % 2023 2024 2023 2024 Parallel-Shift upwards (+200bps) -38.4 ~10.3 72 -25 Parallel-Shift d
Slide 25: Deposit inflows and higher interest margin improve margin
Deposit inflows and higher interest margin for new investments lead to a margin improvement to ~ 90bps in the 2025 scenario presented. Schematic Representation Scenario P @ 2024 @2025 * Deposit inflows of 800 inmn. € in bps inmn.€ in bps million planned in 2025. Margin at 100-120 bps. Own investment
Slide 26: Capital Planning
Capital Planning
Slide 27: Total capital ratio of 15.9% in first half of 2025
The bank achieved a total capital ratio of 15.9% in the first half of 2025 when applying CRR III. Total capital ratio in% 16.4 15.7 15.6 15.9 a 25 33 34 2022 2023 2024 H1/25 Actual Pee 15 3 33 158 157 15.9 151 49 144 14.4 2025e 2026 2027 2028 Scenario according to annual report 2024 Total capital ra
Slide 28: Outlook
Slide 29: Continuing on the growth journey to 2028
UmweltBank is continuing on its growth journey: The path should significantly increase the company's profitability by 2028. 212% Return on equity (before taxes) eee ==Objectives <60% Customers customer Cost-Income-Ratio deposits 2 @) 2 8 29
Slide 30: Reasons to invest sustainably in UmweltBank
Reasons to invest sustainably in UmweltBank A Strong Brand for Sustainable Branding UmweltBank benefits from the social trend towards sustainability by combining economy and ecology. Growth-Strategy Scalable Business Model Strong growth in the first year of New core banking system enables transforma
Slide 31: Appendix
Appendix H1 2025 Figures As per 31st of July 2025
Slide 32: H1 2025 Figures of UmweltBank AG
H1 2025 Figures of UmweltBank AG 31.12.2021 31.12.2022 31.12.2023 H12024 Business volume million € 6,451 6,602 6,119 6,175 Balance sheettotal million € 5,928 5,981 5,688 5,879 Customer deposits million € 2,954 3,176 2,854 3,444 Environmentalloans (incl. open commitments) million € 3,543 3,703 3,722
Slide 33: H1 2025 Figures of UmweltBank AG
H1 2025 Figures of UmweltBank AG 31.12.2021 31.12.2022 31.12.2023 H12024 Netinterest income TE 63,238 58,791 41,106 17,877 Financial result Te 2,965 24,829 -2,641 17,951 Risk provisioning (expense (-) / income (+)) TE -3,263 -9,291 4,509 89 Valuation result (expense (-) / income (+)) TE 263 -285 146