Slide 1: Evli Bank Plc Interim report 1-3/2017
Evli Bank Plc Interim report 1-3/2017 Maunu Lehtimäki, CEO Juho Mikola, CFO 24.4.2017
Slide 2: Agenda
Agenda 1 Highlights 2 Financial Figures 1-3/2017 3 Business Segments 4 Strategy & Outlook 1
Slide 3: Highlights - Interim Report 1-3/2017
Highlights - Interim Report 1-3/2017 Evli Group revenues grew 4% to EUR 16.1 million Evli Group EBIT grew 47% to EUR 4.6 million Strong performance in Wealth Management and Investor Clients-segment - Assets under management at an all time high of EUR 11.3 billion - Net subscriptions to Evli fu
Slide 4: Financial Figures
Financial Figures EVLI
Slide 5: Evli's Key Figures 2013 – 1-3/2017
Evli’s Key Figures 2013 – 1-3/2017 Net Revenue Operating Profit (million euros) Net Profit (million euros) and Profit margin (%) (million euros) 64.2 13.3 12.3 59.7 60.0 55.5 11.1 9.7 9.8 29% 7.7 6.7 21% 20% 18% 5.6 16% 4.6 4.3 12% 3.3 16.1 15.4 3.1 2013 2014 2015 2016 1-3 1-3 2013 2014 2015 2016 1-
Slide 6: Evli's Key Figures 2013 – 1-3/2017
Evli’s Key Figures 2013 – 1-3/2017 Proportion of Recurring Return on Equity Net Assets under Management* (%) Revenues to Operating Expenses (%) (billion euros) 112% 11,3 10,6 0,5 100% 0,5 93% 94% 1,6 21.4 % 9,4 1,4 20.2 % 0,4 83% 79% 1,4 7,4 6,9 15.2 % 1,0 4,7 14.4 % 1,1 4,3 15 % 3,4 11.5 % 3,1 2,8
Slide 7: Profit and Loss Statement
Profit and Loss Statement EURm 1-3 2017 1-3 2016 2016 2015 2014 2013 Net interest 0.3 0.5 1.6 1.4 1.0 0.5 Net commission 14.1 13.5 54.3 57.2 53.1 49.5 Net income from securities trading and FX 1.7 1.5 4.0 5.4 5.2 5.2 Other operating income 0.0 0.0 0.1 0.2 0.4 0.4 NET REVENUE 16.1 15.4 60.0 64.2 59.7
Slide 8: Balance sheet
Balance sheet 31.3. 31.3. 31.12. 31.3. 31.3. 31.12. ASSETS, EURm 2017 2016 2016 LIABILITIES, EURm 2017 2016 2016 Liquid assets 324.8 67.1 203.1 Debt securities eligible for refinancing Liabilities to credit institutions and 39.2 54.4 39.1 with central banks central banks 4.0 8.8 5.5 Liabilities to t
Slide 9: Key Ratios and Performance Indicators
Key Ratios and Performance Indicators Un-audited Audited Strategic KPI 1-3 2017 1-3 2016 2016 2015 2014 2013 Return on equity (ROE) 21.4% 25.1% 14.3% 20.2% 15.2% 11.5% Return on Equity 21.4% (Target 15%) Cost-income ratio 0.72 0.80 0.82 0.79 0.84 0.88 Core BIS capital adequacy Earnings/Share, dilute
Slide 10: Business Segment
Business Segment EVLI
Slide 11: Business Segment Profitability
Business Segment Profitability Net revenue Profit before allocations 12,2 4,6 Wealth Management and Wealth Management and Investor Clients Investor Clients 11,8 3,5 1,7 0,2 Advisory and Corporate Advisory and Corporate Clients Clients 2,0 0,3 2,1 -0,2 Group Operations and Group Operations and Elimin
Slide 12: Wealth Management and Investor Clients
Wealth Management and Investor Clients Growth in AUM and number of clients 1-3 2017 1-3 2016 Change % Finland's 2nd largest number of net Net revenue, M€ 12.2 11.8 4% subscriptions, 454 million euros. Market share increased to 6.4% Operating profit/loss before Group 4.6 3.5 32% allocations, M€
Slide 13: Development of Assets in Evli Funds
Development of Assets in Evli Funds* Assets in mutual funds, 2013–2017 (EUR billion) Growth, p.a. +19% 7.1 6.5 1.3 +25% 1.1 5.2 4.4 0.9 4.1 0.9 0.7 5.8 +18% 5.4 4.3 3.4 3.5 2013 2014 2015 2016 2017 YTD Finnish clients International clients *Note: Wealth Manager fund included in numbers. 12
Slide 14: Advisory and Corporate Clients
Advisory and Corporate Clients Corporate Finance unit's mandate 1-3 2017 1-3 2016 Change % base and senior advisory network Net revenue, M€ 1.7 2.0 -18% has developed positively EAM incentive program Operating profit/loss before Group allocations and bonuses, M€ 0.2 0.3 -25% management business
Slide 15: Group Operations
Group Operations Net income growth partly driven by 1-3 2017 1-3 2016 Change % strong FX result Net revenue, M€ 2.1 1.7 27% Costs remained unchanged Operating profit/loss before Group -0.2 -0.7 - allocations and bonuses, M€ Operating profit / loss, M€ 1.6 1.3 23% Personnel, at the end of period
Slide 16: Strategy & Outlook
Strategy & Outlook EVLI
Slide 17: Cornerstones of Evli's Strategy – Simply Unique
Cornerstones of Evli’s Strategy – Simply Unique EVLI’s core strengths and uniqueness are built around: 1) Very 2) Product 3) Strong strong customer excellence, operational SUPPORTED experience AND based on BY process (including offering, innovative spearhead efficiency service and ”institutional inv
Slide 18: Outlook for 2017
Outlook for 2017 Wealth Management and Investor Clients expected to continue steadily Proportion of recurring revenues to operating costs expected to exceed long-term target of 100 percent - In our previous statement the estimate was for the ratio of recurring revenues to operating costs reachin
Slide 19: THANK YOU!
THANK YOU! Upcoming events in the investor calendar: Half-year financial report 1-6/2017 and Investor presentation: July 14, 2017 Interim report 1-9/2017 and Investor presentation: October 26, 2017 18
Slide 20: Contact information
Contact information Evli Bank Plc Investor contacts Aleksanterinkatu 19, 4th floor Juho Mikola, CFO P.O. Box 1081 juho.mikola@evli.com 00101 Helsinki Tel. +358 9 4766 9871 www.evli.com Mikaela Herrala, IR Manager mikaela.herrala@evli.com Tel. +358 9 4766 9823 Evli - Sijoittajan Pankki Evli Bank Plc