Slide 1: Coop Pank Group 2021 Q4 and yearly unaudited results
Coop Pank Group 2021 Q4 and yearly unaudited results 10.02.2022
Slide 2: Business volumes in quarterly comparison
Business volumes in quarterly comparison Loans Deposits m€ +283 +42% m€ +341 +45% +99 +12% +112 +11% 953 987 1 099 773 854 849 891 671 696 758 Q4 2020 Q1 2021 Q2 Q3 Q4 2021 Q4 2020 Q1 2021 Q2 Q3 Q4 2021 Daily banking clients Net profit '000 +28 +32% '000 € +871 +36% +7 +7% -1 007 -23% 100 108 115 4
Slide 3: Results of Q4 2021 – compared to Q3 2021
Results of Q4 2021 – compared to Q3 2021 Key indicators in quarterly comparison • Revenues +3% • Net interest increased +0.5m€ as loan portfolio grew Q4 2021 Q3 2021 Quarterly (+99m€) change • Net service fees +0.15m€ Net operating income ('000 €) 10 676 10 327 +349 +3% Interest 9 824 9 345 +479 +5%
Slide 4: Business volumes in yearly comparison
Business volumes in yearly comparison Loans Deposits m€ CAGR +41% m€ CAGR +37% +283 +42% +341 +45% 1 099 953 758 671 507 460 316 385 238 329 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Daily banking clients Net profit '000 CAGR +33% '000 € CAGR +31% +28 +32% +6 204 +85% 115 13 463 87 64 7 259
Slide 5: Results of 2021 – compared to 2020
Results of 2021 – compared to 2020 Key indicators in year on year comparison • Revenues +26% • Net interest increased +7.2m€ 2021 2020 Year on Year (loan portfolio grew by 283m€) change • Net service fees +1 m€ (+47%) Net operating income ('000 €) 39 238 31 089 +8 149 +26% Interest 35 538 28 371 +7
Slide 6: Increased loan portfolio in all business lines
Increased loan portfolio in all business lines Net loan portfolio • Loan portfolio grew by 283m€ (+42%) m€, % • Business loans +166m€ (+64%) 6.6% 6.2% 6.3% • Private mortgage loans +102m€ (+39%) 6.0% • Leasing +14m€ (+17%) 5.2% • Consumer loans +1m€ (+1%) Gross interest of portfolio +283 +42% • Inte
Slide 7: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.9% 5.6% 5.7% 5.5% 4.8% 4.1% 3.7% 3.7% 3.6% 3.3% 430 366 262 181 264 105 160 116 140 68 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Gross loan portfolio Gross interest % Gross loan portfolio Gross inte
Slide 8: Quality of loan portfolio
Quality of loan portfolio Loans past due and loss allowances in balance sheet • Past due portfolio has decreased to 2% level m€, % • Credit risk cost ratio 0.3% in 2021 6% 5% 5% 3% 2% 25.1 22.4 21.1 17.7 6.5 14.7 7.5 2.1 Credit risk cost ratio 2.9 16.3 18.6 19.0 % 11.7 14.9 0.7% 0.6% 0.5% 0.5% - 3.6
Slide 9: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 5% 5% 4% 4% 4% 3% 2% 2% 2% 1% 7.4 6.3 5.3 6.4 4.8 4.6 3.3 4.0 4.6 1.2 0.6 0.5 0.6 2.6 5.0 4.0 7.2 3.0 3.7 5.1 4.7 4.3 4.0 0.4 - 1.2 - 1.7 - 3.2 - 4.6 2.2 - 0.4 - 0.5 - 0.5 - 0.2 - 0.4 2017 2018 2019 2020 2021
Slide 10: Amount of deposits increased, cost decreased
Amount of deposits increased, cost decreased Deposits • Deposits grew by 341m€ (+45%) m€ • Demand deposits +216m€ (+71%) Total cost of financing 1.0% 0.9% • +152m€ from business clients 0.8% 0.7% • +64m€ from private clients 0.6% • Term deposits +125m€ (+27%) • +163m€ from business clients +341 +45%
Slide 11: Client base and market share is increasing
Client base and market share is increasing Market share and number of bank clients • 28 000 new clients with bank account in 2021 (+23 000 in 2020) Market share % 4.4% • +25 400 private clients • +2500 business clients 3.4% 4.0% Market share of deposits 2.6% 1.9% 2.2% 3.2% • Bank’s market share chan
Slide 12: Capital base supports growth plans
Capital base supports growth plans Yearly capitalization Liquidity coverage ratio (LCR) m€, % % 1375% 24.3% 19.9% 19.5% 18.1% 16.7% 831% 648 682% 457 345 275% 247 202% 193 84 89 108 100% 38 45 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Total eligible capital RWA Capital adequacy ratio LCR Reg
Slide 13: Performance indicators
Performance indicators Cost / income ratio (CIR) and ROE • Decreased CIR Cost / income ratio % • Revenues +26% vs costs +19% • Increased ROE • Strong monthly net profits in 2021 69% 69% 67% • Low impairment cost in 2021 due to high quality loan 60% portfolio 57% ROE % 12.9% 11.7% 10.1% 9.8% 7.8% 201
Slide 14: Brand awareness and preference as financial partner
Brand awareness and preference as financial partner Brand awareness of Coop Pank Preference as financial partner 95% Swedbank LHV 36% 25% 61% 96% Swedbank 31% 24% 55% 91% SEB 91% Coop Pank 10% 38% 48% 72% LHV SEB 16% 26% 42% 75% Luminor 13% 16% 57% Luminor 62% Other 1% First preference 55% December
Slide 15: Shareholders
Shareholders No of Coop Pank shareholders TOP shareholders Shareholder distribution of Coop Pank as at 31.12.2021 No of shareholders 27 799 47 24 575 50 Coop Investeeringud 25% 18 462 49 Others 15 885 40% 44 12 401 12 486 12 867 27 752 11 958 47 10 851 11 273 48 43 43 24 525 45 46 18 413 Cooperative
Slide 16: Share price
Share price Coop Pank share price and trading volume by dates Coop Pank share price compared to other banks Share price (€) and trading volume (thousand shares) Share prices indexed to 100 as at 10.12.2019 4.20 450 LHV Group 403 400 Šiaulių bankas Coop Pank 363 3.52 350 OMX Tallinn 2.99 300 273 3.12
Slide 17: Summary: 2021 results
Summary: 2021 results • Loan portfolio grew by 283m€ (+42% YoY) • 28 000 new customers (+35% YoY) The Bank now has a total of 115 000 clients with bank account • Net profit 13.5m€ (+85% YoY) • No of shareholders 28 000 (+116% YoY) 28 000 new clients • More than 4% market share. Our footprint in Esto
Slide 18: Financial results 5 years
Financial results 5 years Financial results and key indicators • On average +40% yearly increase in business 2017 2018 2019 2020 2021 volumes • Increased profitability due to economies of scale Net operating income ('000 €) 17 289 19 768 23 719 31 089 39 238 Interest 11 519 16 779 20 689 28 371 35 5
Slide 19: Target: increasing number of active clients
Target: increasing number of active clients No of clients of Coop Pank and target No of active customers of Coop Pank, thousand >150 24% growth (on average p.a) Number of active clients >150 000 51 38 28 19 15 2017 2018 2019 2020 2021 ... 2026
Slide 20: Target: growth of loan portfolio
Target: growth of loan portfolio Coop Pank loan portfolio and target Net loan portfolio of Coop Pank, m€ 16% growth (on average p.a) >2 000 Loan portfolio >2 bn € 953 671 460 329 238 2017 2018 2019 2020 2021 ... 2026
Slide 21: Target: decreasing cost/income ratio
Target: decreasing cost/income ratio Cost/income ratio Cost / income ratio (CIR) 69% 69% 67% 60% Cost/income ratio 57% <50% <50% 2017 2018 2019 2020 2021 ... 2026
Slide 22: Target: increasing return on equity
Target: increasing return on equity Return on equity Return on equity (ROE) >15% Return on equity 12.9% 15% 11.7% 10.1% 9.8% 7.8% 2017 2018 2019 2020 2021 ... 2026
Slide 23: Margus Rink, Chairman of the Board, CEO
Margus Rink Chairman of the Board, CEO margus.rink@cooppank.ee https://www.cooppank.ee/en/for-investors