Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Shareholder Meeting (March 2004)
13 slides from Nordea Bank Abp's shareholder meeting presentation, Mar 31, 2004
Slide 1: Lars G Nordström, President and Group CEO
Lars G Nordström, President and Group CEO Annual General Meeting 31 March 2004
Slide 2: Short-term top priorities have been addressed - delivering on promises
Short-term top priorities have been addressed - delivering on promises z Reduce volatility and ensure growth of income z Improve cost control z Ensure capital efficiency z Maintain credit portfolio quality
Slide 3: Volatility has been reduced
Volatility has been reduced EURm 100 81 75 50 50 39 41 44 40 40 31 29 33 27 25 19 11 0 -25 -17 -34 -50 -75 -100 -113 -125 1. kvt. 2. kvt. 3. kvt. 4. kvt. 1. kvt. 2. kvt. 3. kvt. 4. kvt. Investment earnings, banking Operating profit, Life and General
Slide 4: Income maintained at a stable level
Income maintained at a stable level EURm 2000 1600 1425 1457 1463 1382 1406 1374 1403 1399 1200 800 400 0 1. kvt. 2. kvt. 3. kvt. 4. kvt. 1. kvt. 2. kvt. 3. kvt. 4. kvt. 02 02 02 02 03 03 03 03 Income 1 Insurance reported according to the one-line principle
Slide 5: Costs are kept well within the flat cost target
Costs are kept well within the flat cost target EURm % 1200 100 993 973 1000 925 905 922 917 902 881 80 64 66 800 65 67 60 64 61 63 58 600 40 400 20 200 0 0 Q1/02 Q2/02 Q3/02 Q4/02 Q1/03 Q2/03 Q3/03 Q4/03 Costs C/I ratio
Slide 6: Capital efficiency has been strengthened
Capital efficiency has been strengthened EURbn 12 10,2 10,4 10,2 9,9 10 9,5 9,1 9,0 8,9 8 6 4 2 0 1. kvt. 2. kvt. 3. kvt. 4. kvt. 1. kvt. 2. kvt. 3. kvt. 4. kvt. 02 02 02 02 03 03 03 03 Economic capital Q1/02-Q4/03
Slide 7: Credit portfolio in general in healthy shape
Credit portfolio in general in healthy shape EUR mio. % 125 0,9 0,8 100 0,7 98 92 89 0,6 84 75 76 0,5 66 63 0,4 50 56 0,3 25 0,2 0,1 0 0 1. kvt. 2. kvt. 3. kvt. 4. kvt. 1. kvt. 2. kvt. 3. kvt. 4. Kvt 02 02 02 02 03 03 03 03 Loan losses Loan losses ratio (acc. and annualised)
Slide 8: Corporate statement
Corporate statement - Simplified and focused Mission z Making it possible Vision z We will be valued as the leading financial services group in the Nordic and Baltic markets with substantial growth potential z We will be in the top league or show superior and profitable growth in every market and pr
Slide 9: Developing Nordea
Benefiting from Developing Nordea the Nordic vision One bank Adjusting to changed market conditions Resuming top-line growth 2003 Focus, speed and performance Changes of business models Divestment of non-core assets Shaping the new reality 2002 Reduction of complexity Customer organisation, customer
Slide 10: Solid improvements in 2003
Solid improvements in 2003 • Net profit up 68% to EUR 1,490m (EUR 887m in 2002) • Operating profit up 17% to EUR 1,812m (EUR 1,547m) • Total income largely unchanged at EUR 5,639m (EUR 5,670m) • Total costs down 2% • Earnings per share EUR 0.51 (EUR 0.30) • Return on equity (excluding goodwill) 16.7
Slide 11: Total shareholder return (TSR) 2003
C O M M ER 100 110 120 10 20 30 40 50 60 70 80 90 ZB 0 pct. AN K S N EB H O YP R O D D VE nB EA R EI NO N S R SW BA ED NK BA BAN Nordea peer group R SO C K C LA IE YS TE G EN BN ER P AL E AB SH N B AM R D O AN SK KB E C BA N SA K M PO BA H BO N S K R O Total shareholder return (TSR) 2003 F B IR OS L
Slide 12: We do have the main prerequisites for moving into the league of winners
We do have the main prerequisites for moving into the league of winners z A large customer base z Strong distribution power z Advantage of size, scale and scope z Strong capital base and high market capitalisation ... and we are well positioned to capture potential economic growth z Focused - knowin
Slide 13: Lars G Nordström, President and Group CEO
Lars G Nordström, President and Group CEO Annual General Meeting 31 March 2004