Alior Bank Sa · GPW:ALR
Alior Bank Sa — Q1 2025 Earnings Presentation
39 slides from Alior Bank Sa's earnings presentation, Apr 30, 2025
Slide 1: Presentation of Results for 1Q 25
PRESENTATION OF RESULTS FOR 1Q 25 ALIOR BANK SA | APRIL 25, 2025
Slide 2: Agenda
AGENDA 1 Operating activities 2 Credit risk 3 Financial results 4 Other issues 5
Slide 3: Operating Activities
1 OPERATING ACTIVITIES
Slide 4: In 1Q 25 Alior Bank achieved very good financial results
IN 1Q 25 ALIOR BANK ACHIEVED VERY GOOD FINANCIAL RESULTS The number of mobile app users was 1.33 mn (16% In 1Q 25, revenues amounted to PLN bn 1.47 (-2% y/y) more than at the end of 1Q 24). • net interest income was PLN bn 1.28 (+1% y/y) • net commission income was PLN mn 209 (-3% y/y) The number of
Slide 5: Another good quarter for Alior Bank
ANOTHER GOOD QUARTER FOR ALIOR BANK Assets (PLN bn) Deposits* (PLN bn) Gross Performing Loans** (PLN bn) +6% +5% +1% 96,6 78,5 74,9 61,8 91,4 61,2 1Q 24 1Q 25 1Q 24 1Q 25 1Q 24 1Q 25 NIM 1Q 25 ROE 1Q 25 TCR 1Q 25 5.88% 16.8% 17.37% -0.08 pp. y/y -7.6 pp. y/y -0,09 pp. y/y C/I 1Q 25 COR 1Q 25 NPL 1Q
Slide 6: Strong growth of mobile app users
STRONG GROWTH OF MOBILE APP USERS RETAIL CUSTOMERS Number of customers with regular inflows (k) Users of Alior Bank mobile app (k) +5% / +82 k +16% / +182 k 1,24 1,27 1,33 1,62 1 1,15 1,20 1,60 1 1,58 1,56 1 1,54 1 1 0 0 0 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 Share of mobile a
Slide 7: Regular increase in mortgage sales
REGULAR INCREASE IN MORTGAGE SALES RETAIL CUSTOMERS Balance of assets of retail customers (PLN bn) Gross loans to retail customers (PLN bn) +12% +2% 77,0 69,9 +1% 63,4 64,1 65,8 40,9 41,1 41,6 62,5 72,0 67,0 6,9 62,0 6,2 6,3 6,0 5,9 6,1 5,4 0,4 4,2 0,7 4,9 0,6 57,0 52,0 1,3 3,7 1,1 19,7 20,5 20,9 15
Slide 8: Improvement in the structure of the loan portfolio in the business customer segment
IMPROVEMENT IN THE STRUCTURE OF THE LOAN PORTFOLIO BUSINESS CUSTOMER IN THE BUSINESS CUSTOMER SEGMENT* Loan volume (PLN bn) Loan volume (PLN bn) performing portfolio -3% -5% 18,0 17,5 17,4 17,5 17,5 2,9 2,8 2,8 2,8 2,7 1Q 24 I kw.24 2Q 24 II kw.24 3Q 24 III kw.24 4Q 24 24 IV kw. 1Q 2525 I kw. 1Q 24
Slide 9: An upward trend in key performance measures
AN UPWARD TREND IN KEY PERFORMANCE MEASURES BUSINESS CUSTOMER Sale of online accounts in the Micro segment (k) % share of online account sales in the Micro segment +47% +17% 3 962 73% 3 466 3 570 72% 69% 2 691 2 778 61% 56% I1Q 24 kw.24 2Q 24 II kw.24 3Q 24 III kw.24 4Q IV 24 kw.24 1Q 25 I kw.25 1Q
Slide 10: Alior Leasing's portfolio reached over PLN bn 6.6, a growth of 4% y/y
ALIOR LEASING'S PORTFOLIO REACHED OVER PLN BN 6.6, A GROWTH OF 4% Y/Y Lease and loans portfolio (PLN mn) Sale of leases and loans (PLN mn) +4% -8% +1% -12% 6 577 6 624 6 435 840 6 341 6 411 805 731 739 704 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 • Alior Leasing's sales in 1Q 25 a
Slide 11: New online banking for Alior Bank's business customer
NEW ONLINE BANKING FOR ALIOR BANK’S BUSINESS CUSTOMER BUSINESS CUSTOMER Alior Business Online Alior Business Mobile Self-service KB Factoring BankConnect/ERP The Bank is finishing the test phase of the Family&Friends program for a select group of customers From May, we begin a phased migration of mo
Slide 12: Refreshed brand
REFRESHED BRAND NEW POSITIONING – A RELATIONAL ALTERNATIVE TO OTHER BANKS We don't want to blindly follow the trends in the category. Our goal is to offer customers products and services that will bring them real value. We want customers to be sure that they are making the right decision when choosi
Slide 13: Credit Risk
2 CREDIT RISK
Slide 14: Stable and safe position of the bank: capital and liquidity surplus well above regulatory minimums
STABLE AND SAFE POSITION OF THE BANK: CAPITAL AND LIQUIDITY SURPLUS WELL ABOVE REGULATORY MINIMUMS Regulatory ratios of Alior Bank Group Liquidity ratios: LCR, NSFR 21,78% 257% 21,44% 21,08% 20,51% 20,61% 20,23% 18,45% 202% 18,27% 188% 191% 187% 17,83% 17,46% 181% 17,53% 17,11% 179% 177% 17,31% 16,7
Slide 15: Alior Bank effectively improves the quality of the loan portfolio
ALIOR BANK EFFECTIVELY IMPROVES THE QUALITY OF THE LOAN PORTFOLIO Alior Bank Group – cost of risk (CoR%) Alior Bank Group – NPL ratio 0 2,80% 2,39% 14,48% 0 13,16% 0 11,77% 1,60% 1,51% 0 9,80% 0 0,98% 8,58% 0,62% 0 0,74% 6,81% 6,69% 0 2019 2020 2021 2022 2023 2024 1Q 25 2019 2020 2021 2022 2023 2024
Slide 16: Gradual improvement and stabilization of costs of risk
GRADUAL IMPROVEMENT AND STABILIZATION OF COSTS OF RISK Impaired loans (PLN bn) NPL reserve coverage ratio* Cost of Risk – CoR%** 00% 6 0,92% 7,65% 7,10% 0,74% 6,78% 6,81% 6,69% 5 0,68% 00% 0,60% 5 00% 51,2% 51,1% 51,4% 50,0% 50,4% 0,23% 4,82 4 00% 4,32 4,45 4,27 4,22 4 00% 3 1Q 24 2Q 24 3Q 24 4Q 24
Slide 17: Financial Results
3 FINANCIAL RESULTS
Slide 18: An increase in net interest income, net profit influenced by one-off events
AN INCREASE IN NET INTEREST INCOME, NET PROFIT INFLUENCED BY ONE-OFF EVENTS Total revenue (PLN mn) PLN mn -33 (-2%) In 1Q 25, revenues amounted to PLN bn 1.47 • net interest income amounted to PLN bn 1.28 (+1% y/y) • net commission income amounted to PLN mn 209 (-3% y/y) Alior Bank Group's net profi
Slide 19: Income Statement
INCOME STATEMENT PLN mn 1Q 24 4Q 24 1Q 25 % y/y y/y % q/q q/q Total Income 1 498,4 1 544,9 1 465,5 -2% -32,9 -5% -79,4 Net interest income 1 269,4 1 312,0 1 284,8 1% 15,4 -2% -27,2 Net fee and commission income 216,0 221,1 209,3 -3% -6,7 -5% -11,8 Other income 13,0 11,9 -28,6 -320% -41,6 -341% -40,5
Slide 20: Net interest income increased by 1% y/y despite increase in fixed rate assets
DESPITE A SIGNIFICANT INCREASE IN FIXED RATE ASSETS, IN 1Q 25 THE BANK INCREASED ITS NET INTEREST INCOME BY 1% Y/Y Interest income and expenses (PLN mn) Interest margin and financing cost* -3% CoF NIM NIM - CoR -2% 6,32% 5,96% 6,00% 1 824 1 857 1 808 1 770 5,82% 5,88% 1 745 442 424 423 429 417 Other
Slide 21: Net fees and commissions income
NET FEES AND COMMISSIONS INCOME Net Fees and Commissions Income (PLN mn)* -3% -5% Bank accounts, transfers, cash 216 217 221 operations (net) 213 209 44 -4% y/y 43 44 44 Bancassurance (net) 41 20 20 -21% y/y 20 19 16 Leasing, loans and advances -11% y/y 62 58 61 58 56 Brokerage commissions (net) 18
Slide 22: Operating expenses influenced by the BFG contribution
OPERATING EXPENSES INFLUENCED BY THE BFG CONTRIBUTION Operating costs (PLN mn) C/I ratio** +13% C/I normalized*** C/I reported +5% 616 42,0% 586 +84 % y/y 545 75 38,6% 514 82 41 473 62 -4% y/y 38,8% 64 61 36,4% 64 35,7% 37,9% 177 144 +12% y/y 129 137 125 34,4% 34,3% 31,1% 312 316 327 335 +7% y/y 283
Slide 23: Why Alior Bank?
WHY ALIOR BANK? ▪ Market leader in Consumer Finance ▪ A distinctive, refreshed brand ▪ An agile business model built on modern technologies and a variety of distribution channels ▪ Stable and predictable costs of risk due to highly competent management ▪ High return on equity (ROE) ▪ Stable capital
Slide 24: Other Issues
4 OTHER ISSUES
Slide 25: The beginning of 2025 brought a positive turn in investments and domestic manufacturing
THE BEGINNING OF 2025 BROUGHT A POSITIVE TURN IN INVESTMENTS AND DOMESTIC MANUFACTURING Moderate recovery continues at the beginning of the year Signals of economic recovery in manufacturing drew attention 15,0 GDP growth (real, %, y/y) and its structure (pp), Poland Manufacturing PMI, Poland v. Ger
Slide 26: Increased uncertainty in the external environment
INCREASED UNCERTAINTY IN THE EXTERNAL ENVIRONMENT Signs of economic recovery in European manufacturing... … driven by expectations of a rebound in Germany Eurozone PMI Manufacturing PMI 60 60 58 56 55 54 52 50 50 48 46 45 44 42 40 40 Apr-22 Sep-22 Feb-23 Jul-23 Dec-23 May-24 Oct-24 Mar-25 35 PMI prz
Slide 27: 2025 – the year of developing recovery, with increased risks in the backdrop
2025 – THE YEAR OF DEVELOPING RECOVERY, WITH INCREASED RISKS IN THE BACKDROP Investments at the forefront Interest rate cuts are coming GDP growth with main components, Poland CPI and interest rates, Poland 14 12 16 10 14 6,9 8 12 5,3 6 3,7 3,6 2,9 10 4 8 6,75 2 0,1 5,75 5,75 5,00 0 6 -2,0 3,75 -2 4
Slide 28: Alior Bank is appreciated regularly
ALIOR BANK IS APPRECIATED REGULARLY Alior Bank was awarded the prestigious Top The Brokerage House and FX Exchange („Kantor Employer title for the second time in a row. The Walutowy”) were awarded with "Silver Laurels" certificate, awarded by the Top Employers in the Invest Cuffs 2025 competition. D
Slide 29: Alior Bank's investment services
ALIOR BANK’S INVESTMENT SERVICES Alior Bank’s Brokerage House Alior TFI In 1Q 25, the Brokerage House's net commission income In 1Q 25 Alior TFI maintained a high level of fund sales. At the was slightly higher (+2%) than a year earlier and reached end of March 2025, TFI had assets of PLN bn 3.59. I
Slide 30: Gross structure of the loan portfolio
GROSS STRUCTURE OF THE LOAN PORTFOLIO Loan portfolio in total (PLN mn) Loan portfolio structure in total 0% +1% 66 319 65 932 66 331 24 766 62% 60% 61% 62% 63% 25 443 24 848 38% 40% 39% 38% 37% 40 876 41 084 41 565 1Q 24 4Q 24 1Q 25 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 Retail Segment Corporate Segment Reta
Slide 31: The bank manages the deposit portfolio in order to optimize the cost of financing
THE BANK MANAGES THE DEPOSIT PORTFOLIO IN ORDER TO OPTIMIZE THE COST OF FINANCING (DATA IN PLN MN)* Structure of net liabilities to Customers Net liabilities structure - Retail Segment Net liabilities structure - Business Segment +5% +10% +2% -8% +5% 76 937 78 465 57 021 -6% 74 947 54 172 568 653 67
Slide 32: Asset structure of Alior Bank Group (PLN bn)
ASSET STRUCTURE OF ALIOR BANK GROUP (PLN BN) Alior Bank Group assets Receivables from Customers (net) +23% +12% +4% +1% 96,6 90,1 93,3 62,7 63,1 83,0 82,9 7,0 11,3 +62% YTD 61,0 56,2 58,2 57,6 78,6 10,3 8,7 8,3 0% YTD 6,7 23,6 22,2 -6% YTD 22,9 22,9 18,8 23,0 16,1 17,0 21,8 22,4 15,7 22,3 58,2 57,6
Slide 33: Liability structure of Alior Bank Group (PLN bn)
LIABILITY STRUCTURE OF ALIOR BANK GROUP (PLN BN) Alior Bank Group liabilities Liabilities to Customers* +23% +19% +4% +5% 76,9 78,5 73,1 96,6 71,5 70,0 0,7 0,7 +4% YTD 93,3 65,8 0,5 90,1 6,3 +22% YTD 0,5 0,5 7,4 7,1 83,0 82,9 5,2 0,6 5,4 7,9 -4% YTD 78,6 7,8 5,5 5,6 6,7 4,3 5,7 15,3 6,3 15,1 +2% YTD
Slide 34: Consolidated statement of the financial standing of the Alior Bank Group
CONSOLIDATED STATEMENT OF THE FINANCIAL STANDING OF THE ALIOR BANK GROUP (PLN MN) 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 % q/q q/q % y/y y/y Total assets 91 379,5 90 146,8 91 183,3 93 293,5 96 589,4 4% 3 295,9 6% 5 209,9 Cash and cash equivalents 2 180,2 2 077,9 3 265,3 2 123,4 5 357,5 152% 3 234,2 146% 3 17
Slide 35: New sale of loans (PLN mn)
NEW SALE OF LOANS (PLN MN) Sales in the Business Customer Segment* -5% -5% 3 069 2 891 2 833 2 446 2 399 2 432 2 312 1 999 2 197 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 Sales in the Retail Customer Segment -2% 5 355 0% 4 557 4 455 4 448 1 910 3 899 3 462 1 346 3 542 -5% y/y 3 375 1 704
Slide 36: Additional information
ADDITIONAL INFORMATION Employment (FTEs) Alior Bank’s branches -215 -26 -3% -50 -5% -1% -14 7 271 7 247 7 194 -3% 7 106 7 055 528 521 521 516 502 524 530 514 497 486 66 58 53 -7% y/y 187 186 185 185 -2% y/y 184 6 681 6 659 6 627 6 609 6 569 341 335 336 331 -7% y/y -2% y/y 318 1Q 24 2Q 24 3Q 24 4Q24
Slide 37: Alior Bank S.A. - quotations, shareholding structure, ratings
ALIOR BANK S.A. - QUOTATIONS, SHAREHOLDING STRUCTURE, RATINGS Alior Bank’s share price compared to WSE indices (comparable data for 12 months) 130 Alior Bank share price : PLN 119.75 (data as of March 31, 2025) 120 +22.3% y/y Capitalization: PLN bn 15.6 Value of shares in free float : PLN bn 6.9 110
Slide 38: Contact
CONTACT Contact data Investor Relations and Subsidiaries Supervison Department Address details e-mail: ir@alior.pl Alior Bank S.A. Investor Relations and Subsidiaries Supervision Department ul. Łopuszańska 38D 02-232 Warszawa More information Next events: Internet Website • Results for 1H 25 – Augus
Slide 39: Disclaimer
DISCLAIMER This data has been prepared by Alior Bank S.A. (“Bank”, “Company”) solely for the purpose of the Presentation. Any and all data that may constitute a projection for the Company’s future economic and financial results, contained in this presentation, has been prepared based on the Report o