Avanza Bank Holding Ab · OMXSTO:AZA
Avanza Bank Holding Ab — Q3 2020 Earnings Presentation
15 slides from Avanza Bank Holding Ab's earnings presentation, Oct 19, 2020
Slide 1: Q3 2020 results presentation
Q3 2020 results presentation Webcast, 19 October 2020 Rikard Josefson, CEO Birgitta Hagenfeldt, CFO
Slide 2: 218,300 new customers in 2020 – so far
218,300 new customers in 2020 – so far 40 000 35 000 30 000 25 000 20 000 15 000 10 000 5 000 2019 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2
Slide 3: Continued strong net inflow, SEK 57.6 billion YTD
Continued strong net inflow, SEK 57.6 billion YTD SEK Billions 10 9,1 9 7,9 8 7 6,6 6,2 6,1 6,1 6 5,3 5,3 4,9 5 4 3 2 2019 1 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 3
Slide 4: Market share of 19.2% rolling 12M of net savings on the Swedish savings market
Market share of 19.2% rolling 12M of net savings on the Swedish savings market 4
Slide 5: Monthly savings an important part of savings capital
SEK million 5 400 500 600 800 900 700 1 000 Jan -18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 development Jul-18 Aug18 Sep-18 Oct-18 Nov-18 Dec-18 Jan -19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug19 Sep-19 Oct-19 Nov-19 Dec-19 Jan -20 Feb-20 Monthly savings in funds and occupational pension premiums Ma
Slide 6: Taking market share – largest Swedish participant
Market share, % 6 15 20 25 10 0 5 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Transactions Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Market share, % 10 0 1 2 4 5 6 7 8 9 3 on Nasdaq OMX and First North Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 • Market share o
Slide 7: Strong growth makes Avanza more resilient
Strong growth makes Avanza more resilient • Strong customer growth and growth in savings capital • Avanza has over 160 000 more brokerage generating customers YTD • Monthly savings have grown with 26 per cent YTD • Growth in savings capital strongly correlated with growth in income • Lowest level co
Slide 8: As always… key success factors for Avanza
As always… key success factors for Avanza Employee engagement key 8
Slide 9: Financials
Financials Q3 results AVANZA ull
Slide 10: Financial overview
Financial overview Q3-20 Q2-20 ∆% Q3-19 ∆% 9M-20 9M-19 ∆% Operating income, SEK m 575 526 9 313 84 1,643 865 90 Operating expenses, SEK m -177 -185 -4 -148 19 -541 -478 13 Operating profit, SEK m 396 333 19 163 144 1,091 380 187 Operating margin, % 69 63 6 52 17 66 44 22 Income to savings capital ra
Slide 11: Quarterly revenue development
Quarterly revenue development 700 600 575 542 526 500 Revenue, SEK m 400 329 313 300 284 271 271 267 267 268 244 234 244 227 200 100 0 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Total income Net brokerage income Income from mutual funds Net interest inc
Slide 12: Strong growth in number of commission generating customers
Strong growth in number of commission generating customers 500 000 450 000 400 000 350 000 No of customers 300 000 250 000 200 000 150 000 100 000 50 000 0 12
Slide 13: Net brokerage strong correlated with Avanza's turnover on the stock exchange
Net brokerage strong correlated with Avanza’s turnover on the stock exchange 140 000 140 120 000 120 Net brokerage income, SEK m 100 000 100 Turnover, SEK m 80 000 80 60 000 60 40 000 40 20 000 20 0 0 Jan -17 Jan -18 Jan -19 Jan -20 Mar-17 Jul-17 Mar-18 Jul-18 Mar-19 Jul-19 Mar-20 Nov-17 Nov-18 Nov-
Slide 14: Quarterly cost development
Quarterly cost development 200 185 179 177 180 164 166 179 157 160 152 153 148 155 Operating expenses, SEK m 140 135 131 124 123 120 100 80 60 40 20 0 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Total expenses Non-reccuring items Personnel Marketing Depr
Slide 15: Capitalisation
Capitalisation SEK m 30 September 30 June 31 December 2020 2020 2019 Total capital ratio 18.7% 17.1% 17.8% Regulatory capital requirements* 12.0% 11.9% 13.9% Capital requirements incl. internal buffers 14.0% 13.9% 15.9% Liquidity coverage ratio (LCR requirement 1.0) 6.8 9.7 6.8 Leverage ratio (requi