Slide 1: Half Year Financial Report January–June 2019
HALF YEAR FINANCIAL REPORT January–June 2019 Evli Bank Plc 12.7.2019 Maunu Lehtimäki, CEO & Juho Mikola, CFO
Slide 2: Evli in Brief – Continued growth in AUM
Evli in Brief – Continued growth in AUM a Ne sse s nde ana emen n ▪ Evli is a Wealth Management Bank that helps institutions, corporations and private individuals increase their wealth ▪ Two client segments supported by Group Operations Wealth Management and Investor Clients + Advisory and Corporate
Slide 3: Agenda
5 Agenda 1 Highlights 1-6/2019 2 Financial Figures 3 Strategy & Outlook
Slide 4: Highlights 1-6/2019
ce a HIGHLIGHTS 1-6/2019 EVLI
Slide 5: Assets under management exceeded EUR 13 billion
Assets under management exceeded EUR 13 billion Financial performance ▪ Net revenues increased to EUR 35.1 million (EUR 34.9 million) ▪ Trading income increased to EUR 2.5 million (EUR 0.4 million) ▪ Costs exceeded previous year's level at EUR 25.5 million (EUR 24.5 million). Evli has invested signi
Slide 6: Wealth Management & Investor Clients
Wealth Management & Investor Clients Growth in AUM and Number of Clients Ne e en e ▪ Net revenues declined 7% to EUR 27.4 million due to - Decline in brokerage fees due to lower client activity - Lack of success and acquisition fees during the review period. ▪ AUM grew to EUR 13.3 billion driven by
Slide 7: Advisory & Corporate Clients
Advisory & Corporate Clients Growth in Incentive Systems Ne e en e ▪ Net revenues increased 8% to EUR 5.0 million (EUR 4.6 million) ▪ Corporate Finance revenues developed in line with previous year - Demand for M&A advisory remained strong - Total of 3 completed transactions during Q2/2019 - Mandate
Slide 8: Financial Figures
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Slide 9: Financial Development 2015-Q2/2019
Financial Development 2015-Q2/2019 Ne ea n mmissi n in me Ne e en e ma in Ne e n n q i n e in e en e ea n e enses 8
Slide 10: Profit and Loss Statement
Profit and Loss Statement 1-6/ 1-6/ M€ 2019 2018 Change, % 2018 2017 2016 Net interest 0.1 0.3 -71% 0.7 0.9 1.6 Net commissions 32.5 34.3 -5% 67.1 65.2 54.3 Net income from securities trading and FX 2.5 0.4 - 0.7 4.9 4.0 Other operative income 0.0 0.0 134% 0.1 0.4 0.1 NET REVENUE 35.1 34.9 0% 68.5 7
Slide 11: Balance Sheet
Balance Sheet 30.6. 30.6. 31.12. 30.6. 30.6. 31.12. ASSETS, M€ 2019 2018 2018 LIABILITIES, M€ 2019 2018 2018 Liabilities to credit institutions Liquid assets 276.9 237.1 239.7 14.7 10.0 6.7 and central banks Debt securities eligible for refinancing Liabilities to the public and 36.1 36.2 31.1 611.2
Slide 12: Key figures
Key figures 1-6/2019 1-6/2018 2018 2017 2016 Profitability key figures Return on equity (ROE), % 19.8 28.8 23.0 25.5 14.3 Strategic KPI Return on assets (ROA), % 1.6 2.1 1.9 2.0 1.4 Return on Balance sheet key figures Equity (Target 19.8% Equity-to-assets ratio, % 6.7 7.2 9.5 7.6 8.6 15.0%) (1-6/201
Slide 13: Share Price Development and Trading Volume
Share Price Development and Trading Volume Share price development and trading volume** 2.12.2015–30.6.2019 ae ldin s ne Listed on Nasdaq Helsinki 2015 Market cap M€ 186.0* Registered shareholders 4,092* Source: Nasdaq OMX Helsinki 12 *30.6.2019, **Series B shares
Slide 14: Simply Unique Strategy & Outlook
SIMPLY UNIQUE STRATEGY & OUTLOOK
Slide 15: Growth Strategy
Growth Strategy 14 ® Megatrends Globalization Increased competition Blurring industry boundaries Empowerment of customer Business enviroment Consolidation Increased regulation and control Soci transitions Aging of the population Digital natives Responsibility Ethical business Sustainability Transpar
Slide 16: Strategy – 2019 Targets
Strategy – 2019 Targets International growth ▪ Deepen the presence in current markets and Improving customer experience open up one new market ▪ A new version of the My Evli online service EXPERIENCE CUSTOMER GROWTH ▪ Increasing brand awareness. ▪ Improving user experience of Evli Digital Stable gro
Slide 17: Outlook: 2019 Result estimated to be clearly positive
Outlook: 2019 Result estimated to be clearly positive We estimate that the result for the 2019 financial year will be clearly positive ▪ The view is supported by: - Customer’s demand for Evli’s products and services has continued to be good - AUM has grown substantially in recent years - Sales of al
Slide 18: Contact information
Contact information Evli Bank Plc Aleksanterinkatu 19, 4th floor P.O. Box 1081 00101 Helsinki Tel. +358 9 476 690 (switchboard 9.00 am. – 4.30 pm.) Fax +358 9 661 387 www.evli.com 17
Slide 19: Information set above is not intended as investment recommendation
18 Information set above is not intended as investment recommendation. This report is based on sources that Evli Bank Plc considers to be correct and reliable. Evli Bank Plc. nor its employees give any guarantee concerning the correctness, accuracy or completeness of any information, views, opinions
Slide 20: Appendicies
Appendicies EVLI
Slide 21: Executive Group
Executive Group Maunu Lehtimäki, born 1967 Mari Etholén, born 1973 Panu Jousimies, born 1969 Kim Pessala, born 1969 Chief Executive Officer HR and Legal Affairs Execution and Operations Institutional clients M.Sc. (Econ.) LLM M.Sc. (Econ.) M.Sc. (Econ.) Joined Evli Bank Plc in 1996 Joined Evli Bank
Slide 22: Board of Directors
Board of Directors Henrik Andersin, born 1960 Robert Ingman, born 1961 • Chairman of the Board of Directors • Member of the Board of Directors of • Member of the Board of Directors of Evli Bank Plc Evli Bank Plc since 2010 since 1985 • Chairman of the Boards of Directors of Ingman (excluding 2002-20