BAWAG Group AG · VIE:BG
BAWAG — Shareholder Meeting (March 2022)
10 slides from BAWAG's shareholder meeting presentation, Mar 28, 2022
Slide 1: Annual General Meeting 2022
Annual General Meeting 2022 28 March 2022 28 March 2022 | BAWAG Group AG
Slide 2: Highlights 2021
Highlights 2021 BALANCE SHEET & FINANCIALS STRATEGY CAPITAL €5.39 +68% Completed two acquisitions … Hello EPS vPY Average customer loans +9% vPY bank! in Austria and DEPFA Group in CET1 ratio 15.0% (230bps gross Ireland €480m +68% capital generation) Net profit vPY Launched several initiatives over
Slide 3: Financial performance
Financial performance P&L | € millions 2021 2020 vPY Balance sheet | € millions 2021 2020 vPY Net interest income 938.3 915.4 3% Customer loans 34,963 32,129 9% Net commission income 282.1 254.8 11% Securities and bonds 6,330 7,525 (16%) Core revenues 1,220.4 1,170.3 4% Credit institutions and cash
Slide 4: Capital development and distribution
Capital development and distribution Dividend of €3.00 per share, or €267m proposed for 2021 ~+230bps (FY ‘21 gross capital generation) Share buyback of up to €425m planned in 2022, (1.3%) 15.0% subject to regulatory approvals 14.0% 2.3% (2.15%) 12.85% SREP: 9.14% with P2R constant at 2.0% & P2G CET
Slide 5: Execution of our strategy in 2021
Execution of our strategy in 2021 Focusing on the things that we can control GROWTH IN OUR ‒ Strong organic growth: +9% average customer loan growth in 2021 across businesses CORE MARKETS 1 FOCUSED ON ‒ Completed the acquisition of Hello bank! Austria, substantially increasing our retail brokerage m
Slide 6: ESG Update
ESG Update E S G ENVIRONMENTAL INITIATIVES SOCIAL INITIATIVES GOVERNANCE - Reducing our direct CO2 emissions … 100% green EMPLOYEES - ESG committees set up across our organization: electricity adopted, continuous footprint - Special bonus of € 300 for all employees in 2021 • ESG committee at Supervi
Slide 7: 2022 Outlook
2022 Outlook P&L OVERVIEW RETURN TARGETS Core revenues FY ’21: €1,220m >4% growth Operating expenses: RoTCE FY ’21: €485m ~2% net cost-out FY ’21: 16.1% >17% Regulatory charges FY ’21: €52m <€50m expected CIR <38% FY ’21: 39.5% Risk costs FY ’21: €95m ~20bps Profit before tax FY ’21: €600m >€675m No
Slide 8: 2025 Targets
2025 Targets ESG TARGETS RETURN TARGETS CAPITAL DISTRIBUTION 2025 2021- 2025 RoTCE >17% Dividends ~€1.4 billion CIR <38% CO2 >50% emission reduction (own scope 1 & 2 vs. 2020) FINANCIAL TARGETS 2025 Share buyback up to €425 million Women quota 33% 2022 subject to regulatory approval (Supervisory Boa
Slide 9: Appendix: Our performance since IPO
Appendix: Our performance since IPO in € million 2017 2018 2019 2020 2021 Total shareholder return development since IPO Indexed as of 24 October 2017; BAWAG Group 33% Profit before tax 500 573 604 371 600 as of 31 December 2021 EuroStoxx Banks Index (SX7E) (14%) Stoxx 600 Banks Index (SX7P) (11%) N
Slide 10: Important Disclaimer
IMPORTANT DISCLAIMER: This presentation is prepared solely for the purpose of providing general information about BAWAG Group, Wiedner Gürtel 11, 1100 Wien. The information does not constitute investment or other advice or any solicitation to participate in investment business. This presentation doe