MONETA Money Bank AS · PSECZ:MONET
MONETA Money Bank AS — Q1 2019 Earnings Presentation
68 slides from MONETA Money Bank AS's earnings presentation, May 2, 2019
Slide 1: 1Q 2019 Results
MONEY BANK >] MONETA 1Q 2019 Results Published on 2 May 2019 at 07:00 CET According to IFRS, Consolidated, Unaudited
Slide 2: Key Developments of 1Q 2019
KEY DEVELOPMENTS OF 1Q 20197 MONETA MONEY BANK RESULTS Solid operating performance, supported by capital optimisation and improved guidance on three year cumulative dividend target TOTAL OPERATIONAL NPLSALES = INCREMENTAL MEDIUM TERM OPERATING — COSTS GAIN CAPITAL PROSPECTIVE INCOME DIVIDEND = Ga Dr
Slide 3: Key Financial Metrics of MONETA Money Bank
KEY FINANCIAL METRICS OF MONETA MONEY BANK Strong profitability combined with growth, improving asset quality, excellent liquidity and effective management of RWAs 1Q 2018 1Q 2019 TOTAL OPERATING INCOME (CZK m) 2,385 2.550 PROFITABILITY CONSOLIDATED NET PROFIT (CZK m) 1173 983 RETURN ON TANGIBLE EQU
Slide 4: Content
Content > Operating Environment and Banking Market Dynamics » Strategic Objectives & Results » Digital Distribution & Services » Profit and Loss Development >» Balance Sheet Development » Risk Metrics & Asset Quality >» Capital Management > Guidance and Investor Relations > Appendix MONEY BANK bX MO
Slide 5: Macroeconomic Environment
MACROECONOMIC ENVIRONMENT Overall continuity of positive developments in key indicators coupled with stronger than expected inflation, increased possibility of additional interest rate increase STRONG GDP OUTLOOK KEY MACROECONOMIC INDICATORS CZSO/CNB ( +2.4% 44.5% 42.9% 42.9% 43.0% INDICATOR 4Q17 1Q
Slide 6: Czech Deposit Market
CZECH DEPOSIT MARKET Deposit market continued to expand at double-digit pace, MONETA generated higher than market growth in retail deposits RETAIL DEPOSITS (CZK bn) 49.3% / 11.0% DEPOSIT MARKET (CZK bn) - 1,880.2 1,936.5 1,967.9 2,016.7 2,055.8 +10.9%/+9.0% 4,183.4 37737 3,830.9 3,900.8 38577 ee 2 1
Slide 7: Czech Lending Market
CZECH LENDING MARKET Market loan balance growth slowing, MONETA’s growth significantly outperformed the market in retail RETAIL GROSS LOANS (CZK bn) +8.0% /+18.8% LENDING MARKET - GROSS LOANS (CZ bn) 1376.4 14073 1,436.8 1,465.6 1,486.0 46.1% / 4.2% 27863 2,851.6 2,931.3 2,896.4 2,957.7 ag 67 | ag 7
Slide 8: Contractual Rate Evolution in Czech Banking Market
CONTRACTUAL RATE EVOLUTION IN CZECH BANKING MARKET Pricing of loans and deposits increasing with the exception of consumer lending market which is not reflecting 2018 rate increases due to strong competition NEW VOLUME PRICING OF CONSUMER LOANS! (%) NEW VOLUME PRICING OF MORTGAGE LOANS? (%) —e— Mark
Slide 9: Content
Content >» Operating Environment and Banking Market Dynamics > Strategic Objectives & Results » Digital Distribution & Services » Profit and Loss Development >» Balance Sheet Development » Risk Metrics & Asset Quality >» Capital Management > Guidance and Investor Relations > Appendix MONEY BANK bX M
Slide 10: Strategic Pillars & Objectives
STRATEGIC PILLARS & OBJECTIVES MONETA seeks to deliver shareholder value through sustainable and profitable growth MEDIUM TERM TARGETS: (4) MAINTAIN AND IMPROVE RETAIL FRANCHISE ~ 5% mortgage portfolio market share target ~ 20% consumer lending portfolio market share target DEVELOP DIGITAL CAPABILIT
Slide 11: Progress on Strategic Objectives
PROGRESS ON STRATEGIC OBJECTIVES MONETA delivered against targets set for commercial growth, financial performance and risk profile sustainability objectives for 1Q 2019 MAINTAIN & IMPROVE * 22.1% YoY increase in retail loan portfolio RETAIL FRANCHISE! + 54.0% YoY continued growth in mortgages? with
Slide 12: Progress on 2019 Guidance
PROGRESS ON 2019 GUIDANCE MONETA delivered CZK 983 million net profit, met guidance targets set for IQ 2019 and updated medium term dividend target aol ResuLTs GUIDANCE METRICS 1918 1Q'19 FY 2019! TOTAL OPERATING INCOME (CZK) 2.4bn 2.6bn 210.3bn COST BASE (CZK) 1.3bn 1.3bn <5.0bn COST OF RISK (90bps
Slide 13: Operating Platform
OPERATING PLATFORM Success in digital distribution and service platform development enabled closure of additional 10 branches during 1Q 2019 FY2018 1Q2019 BRANCHES 202 192 A * Rented space in thousands m? 448 43.4 O * Branches in new design 28 30 ATMs 654 657 a * of which deposit ATMs 50 55 “I = REG
Slide 14: Client Base Evolution
CLIENT BASE EVOLUTION Improved client acquisition was offset by NPL disposals impacting the overall client base NET CLIENT ACQUISITION (number of clients in thousands) 8.2 78 6.6 87 91 Total net client Ni acquisition 18.6 18.0 77 19.3 19.9 ew up +11% YoY (10.4) (10.1) qi) (10.6) (0.8) Rg Increase dr
Slide 15: Content
Content >» Operating Environment and Banking Market Dynamics » Strategic Objectives & Results » Digital Distribution & Services » Profit and Loss Development >» Balance Sheet Development » Risk Metrics & Asset Quality >» Capital Management > Guidance and Investor Relations > Appendix MONEY BANK bX M
Slide 16: Digital Distribution and Service Platform
DIGITAL DISTRIBUTION AND SERVICE PLATFORM Mobile banking platform continued to attract new users and begins to gradually take transaction volumes from traditional internet banking platform MOBILE BANKING! PENETRATION (number of clients in thousands) INTERNET BANKING PENETRATION (number of unique cli
Slide 17: Online Lending Performance
ONLINE LENDING PERFORMANCE ; Strong growth in online origination achieved, supported by expansion of pre-approved credit limits available to existing retail and small business clients CONSUMER LOAN VOLUMES ORIGINATED ONLINE! (CZK m) SMALL BUSINESS INSTALMENT LOANS ORIGINATED ONLINE! (CZK m) +35.7% o
Slide 18: MONETA Digital Capability Development
MONETA DIGITAL CAPABILITY DEVELOPMENT Additional lending, current account and payment capabilities enabled and combined with very successful Apple Pay launch 1Q 2019 2Q 2019 2H 2019 CREDIT Y Fully online loans for new + Fully online loans for new to * Fully online retail loan DISTRIBUTION to bank sm
Slide 19: Content
Content >» Operating Environment and Banking Market Dynamics » Strategic Objectives & Results » Digital Distribution & Services > Profit and Loss Development >» Balance Sheet Development » Risk Metrics & Asset Quality >» Capital Management > Guidance and Investor Relations > Appendix MONEY BANK bX M
Slide 20: Net Profit Development
NET PROFIT DEVELOPMENT Improved recurring profitability driven by operating income growth exceeding costs inflation and higher effective tax rate NET PROFIT COMPOSITION YEAR ON YEAR (CZK m) 982 Reported NPLsale Recurring Total Operating Regulatory CoreCost Taxon Recurring NPLsale Reported 1Q18 (incl
Slide 21: 1Q 2019 Profit and Loss Statement
1Q 2019 PROFIT AND LOSS STATEMENT Net profit of CZK 983 million delivered on basis of growing total operating income, cost base and Cost of Risk in line with expectations METRICS (CZK m, %) 1Q'18 1Q‘'1I9. CHANGE NET INTEREST INCOME 1,796 1947 8.4% NET NON-INTEREST INCOME 589 603 24% TOTAL OPERATING
Slide 22: Net Interest Income Performance & Expectations
NET INTEREST INCOME PERFORMANCE & EXPECTATIONS NII continues to grow due to increase in lending portfolio, improved interest rates and higher new production yields with stable NIM due to change of product mix CORE NET INTEREST INCOME! (CZK m, YoY) 84% — +9.4% om) 425% +6.8% a +6.8% 44.2% YoY (9.1%)
Slide 23: Fee and Commission Income & Expense
FEE AND COMMISSION INCOME & EXPENSE Stable fee and commission income year on year FEE & COMMISSION INCOME (CZK m) NET FEE & COMMISSION INCOME (CZK m) +0.6% > 591 +47% > 519 a 831 540 445 460 AAT 466 1Q 2a 3Q FEE & COMMISSION EXPENSES (CZK m) ua 4Q (84) 1Q 2Q 3Q 4Q 1Q vo 1Q 2018 2019 (024.3)% — 2018
Slide 24: Development in Key Fee & Commission Income Categories
DEVELOPMENT IN KEY FEE & COMMISSION INCOME CATEGORIES Strong growth accomplished in third party commissions and transactional fees THIRD PARTY COMMISSION INCOME (CZK m) +227% 198 FEE & COMMISSION INCOME (CZK m) 7 143 149° mk 15S Total I tH it Fund: 9 27 an 30] 169 EEE investment Funds 98 16 1g 122 I
Slide 25: Servicing & Penalty Fees
SERVICING & PENALTY FEES Further erosion is expected in retail servicing and penalty fees due to competitive pressure and regulatory actions commercial Ml Retail DEPOSIT SERVICING FEES (CZK m) (14.2)% SERVICING AND PENALTY FEES (CZK m) 104 99 % % 89 37 37 37 38 37 252 243 (19.8)% 59 | EI 1Q 2Q 3Q 4Q
Slide 26: Operating Expenses
OPERATING EXPENSES Expenses increased by CZK 80 million mainly due to higher regulatory charges and increase in D&A OPERATING EXPENSES (CZK m) ( »\ * CZK 50 million increase in regulatory charges to CZK 139 million, driven by higher contribution to Resolution and Recovery Fund due to opportunistic 4
Slide 27: Content
Content >» Operating Environment and Banking Market Dynamics » Strategic Objectives & Results » Digital Distribution & Services » Profit and Loss Development > Balance Sheet Development » Risk Metrics & Asset Quality >» Capital Management > Guidance and Investor Relations > Appendix MONEY BANK bX MO
Slide 28: Solid Balance Sheet Fundamentals
SOLID BALANCE SHEET FUNDAMENTALS Balance sheet position shows strong liquidity, lending growth covered by core deposit increase, other assets and liabilities impacted by IFRS 16 ASSETS (CZK bn) Cash 5.4 1848 5 186.8 oe 20.8 H Investment Securities 21.0 : Reverse Repo with CNB 1263 1322 1357 1401 142
Slide 29: Gross Performing Loan Portfolio Development Overview
GROSS PERFORMING LOAN PORTFOLIO DEVELOPMENT OVERVIEW Continued shift toward retail and small business lending in line with strategic objectives TOTAL GROSS PERFORMING LOAN PORTFOLIO PER SEGMENTS (CZK bn) 1355 140.1 M425 1319 ms 116.4 n8.9 122.5 M59 Retail 22 24 28 32 37 40 45 Small business SME! 1Q
Slide 30: Retail Gross Performing Loan Portfolio Development
RETAIL GROSS PERFORMING LOAN PORTFOLIO DEVELOPMENT Strong growth in mortgage and consumer lending, partially offset by erosion in retail revolving products RETAIL LOAN PORTFOLIO (CZK bn) MORTGAGE PORTFOLIO (CZK bn) CONSUMER LOAN PORTFOLIO (CZK bn) 47.5% +22.1% 454.0% 339 352 361 «367370 37.9 314 28.
Slide 31: Yields on Key Retail Product Categories
YIELDS ON KEY RETAIL PRODUCT CATEGORIES New production yields exceed “back book” yields with the exception of consumer lending MORTGAGE YIELDS (%) CONSUMER LOAN YIELDS (%) se@== New volume yield 7 103 =e Portfolio yield 24 : — 101 ew ° 10.0 98 2.0 21 ae — 9.6 ;srrcaay ° 7 a saacceneseneens —_—. ° 20
Slide 32: Commercial Gross Performing Loan Portfolio Development
COMMERCIAL GROSS PERFORMING LOAN PORTFOLIO DEVELOPMENT Excellent growth of small business franchise, complemented by stable position in SME lending COMMERCIAL LOAN PORTFOLIO (CZK bn) INVESTMENT LOAN PORTFOLIO (CZK bn) AUTO LOAN AND LEASING PORTFOLIO (CZK bn) +3.0% 34.4 35.7 36.4 36.6 35.4 (3.0)% 44.
Slide 33: Yields on Key Commercial Product Categories
YIELDS ON KEY COMMERCIAL PRODUCT CATEGORIES Stronger yields achieved on new volume combined with broadly stable pricing position on revolving working capital facilities INVESTMENT LOAN YIELDS (%) WORKING CAPITAL YIELDS (%) s=@== New volume yield 37 37 =e Portfolio yield je@rrerreeeees ° 42 2018 2019
Slide 34: Due to Customers and Banks Overview
DUE TO CUSTOMERS AND BANKS OVERVIEW Funding balance development impacted by opportunistic repo operations since 3Q‘17 amid growing interest rates, resulted in increase of overall cost of funds CORE CUSTOMER DEPOSITS AND OTHER' (CZK bn) 172.8 ee 30.3 222 Other Core customer 149.2 . ~ ~ _ 3Q 4Q 1Q 201
Slide 35: Core Customer Deposit Portfolio Overview
CORE CUSTOMER DEPOSIT PORTFOLIO OVERVIEW Moderate increase in core Cost of Funds is driven by rapidly rising cost of commercial deposit as per the whole market, deposits growth continues with strong performance in retail CORE CUSTOMER DEPOSITS BY SEGMENT (CZK bn) 142.2 198 162 30.4 1320 138.1 139.4
Slide 36: Retail Deposit Portfolio Development
RETAIL DEPOSIT PORTFOLIO DEVELOPMENT Retail deposits growth mainly driven by inflows of current account balances complemented by good performance on savings products RETAIL CORE CUSTOMER DEPOSITS (CZK bn) CURRENT ACCOUNT DEPOSITS (oKbu 413.9% (411.0% 9 448 472 48.8 496 51.0 962 : : ' i i L | i ike}
Slide 37: Commercial Deposits Portfolio Development
COMMERCIAL DEPOSITS PORTFOLIO DEVELOPMENT Commercial deposit taking focuses on development of current account balances and opportunistic approach to term deposits COMMERCIAL CORE CUSTOMER DEPOSITS (CZK bn) CURRENT ACCOUNT DEPOSITS (CZK bn) +6.9% 34.6 351 35.4 35.4 37.0 +5.6% 515 49.2 49.3 1Q 2Q 3Q 4
Slide 38: Content
Content >» Operating Environment and Banking Market Dynamics » Strategic Objectives & Results » Digital Distribution & Services » Profit and Loss Development >» Balance Sheet Development >» Risk Metrics & Asset Quality >» Capital Management > Guidance and Investor Relations > Appendix MONEY BANK bX
Slide 39: Cost of Risk & Loan Book Quality Overview
COST OF RISK & LOAN BOOK QUALITY OVERVIEW MONETA realised positive Cost of Risk of CZK 14 million due to impact of CZK 195 million from execution of NPL disposals GROSS LOAN PORTFOLIO BALANCE (CZK bn) NET IMPAIRMENTS (CZK m) 411.2% . 3 A8 Commercial ! 145.4 1307 136.4 139.7 1442 GY Retail 657 Commer
Slide 40: Non Performing Loan Development
NON PERFORMING LOAN DEVELOPMENT NPL position decreased due to stable formation, improved cure rate and CZK 1.8 billion of legacy NPL disposals GROSS NPL WALK (CZK m) 0.6% of average performing receivables! 0.5% of average performing receivables! 0.5% of average performing receivables! 0.5% of averag
Slide 41: Loan Portfolio Balances, Quality and Coverage
LOAN PORTFOLIO BALANCES, QUALITY AND COVERAGE Portfolio growth supported by conservative provisioning and strong coverage GROSS LOAN PORTFOLIO BALANCE (CZK m) PORTFOLIO ALLOWANCES BALANCE (CZK m) 114.8% 46.4% 136,623 138,478 120,620 127,014 131,359 957 1068 981 1035 1019 Stage | 3Q18 4Q'18 IQ19 1Q'1
Slide 42: Content
Content >» Operating Environment and Banking Market Dynamics » Strategic Objectives & Results » Digital Distribution & Services » Profit and Loss Development >» Balance Sheet Development » Risk Metrics & Asset Quality > Capital Management > Guidance and Investor Relations > Appendix MONEY BANK bX MO
Slide 43: Capital Management
CAPITAL MANAGEMENT Strong accounting and regulatory capital positions support both, growth and medium term dividend strategy ACCOUNTING EQUITY (CZK m) REGULATORY EQUITY (CZK m) 41.8% (0.7)% 25,763 25,237 26,220 _ ' ' ) 2017 2018 1Q19 2017 2018 1Q19 Ml Intangible | Tangible assets equity CAPITAL ADEQ
Slide 44: Excess Capital Overview
EXCESS CAPITAL OVERVIEW Capital position supported by RWA optimisation and strong profitability EXCESS CAPITAL EVOLUTION AGAINST CAPITAL ADEQUACY RATIO TARGET OF 15.5% (CZK m) Includes capital optimization of CZK 3,173m above regulatory requirement of CZK165m 14.35% 505 1122 200 ag : _ 31 Dec 2018 C
Slide 45: Capital & Regulatory Requirements
CAPITAL & REGULATORY REQUIREMENTS MONETA intends to maintain capital target! at 15.5% and diversify capital base through relevant debt instruments DEVELOPMENT AND DECOMPOSITION OF CAPITAL REQUIREMENT 05% 1% 125% 15% 175% 2.5% 2b 25% 25% 2.5% 3% 3% 2.6% 2.6% 2.6% : : 2H 1H 2H 1a 2020! 2018 2019! M8 P
Slide 46: Content
Content >» Operating Environment and Banking Market Dynamics >» Strategic Objectives & Results > Digital Distribution & Services >» Profit and Loss Development >» Balance Sheet Development >» Risk Metrics & Asset Quality > Capital Management » Guidance and Investor Relations > Appendix MONEY BANK b{
Slide 47: Medium Term Results Guidance
MEDIUM TERM RESULTS GUIDANCE Medium term minimum dividend commitment increased from CZK 8.6 billion to CZK 10.2 billion due to improved capital position and anticipation of changes to capital structure METRICS! 2019 2020 2021 TOTAL OPERATING INCOME (CZK) 210.3bn 21L0bn 2ILébn COST BASE(CZk) <5.0bn <
Slide 48: Summary of AGM Approvals
SUMMARY OF AGM APPROVALS AGM held on 24th of April approved agenda points put forth by management of MONETA v v v v v Annual Annual Resolution on Appointment Approval of Consolidated Separate distribution of of Deloitte Audit agreements on Financial Financial profit of s.r.0.to conduct performance o
Slide 49: Awards Received in 2018
AWARDS RECEIVED IN 2018 MONETA received extensive recognition as a leader in products, innovation and digitalization a QD Visa wre. 2018 mastercard. Fincentrum 2018 Zlata koruna 2018 MasterCard VISA The Best Bank 2018 MONETA awarded “The Best 1st place - Online application Innovations 2018 - Best In
Slide 50: Investor Interaction in 2Q 2019
INVESTOR INTERACTION IN 2Q 2019 Management plans to participate in two investor conferences and will undertake roadshow to present results to shareholders Goldman Sachs European WOOD EME Financials & the Financial Conference 2019 Greek Retreat 2Q 2019 Earnings MONEY BANK bX MONETA 50
Slide 51: Investor Relations
INVESTOR RELATIONS Contacts Linda Kavanovaé . . MONETA Money Bank, as. Jarmila Valentova BB Centrum, Vyskoéilova 1442/lIb 140 28 Praha 4 - Michle Tel: +420 224 442 549 investors@moneta.cz www.moneta.cz Identification number: 25672720 Bloomberg: MONET CP ISIN: CZ0008040318 Reuters: MONET.PR SEDOL: BD
Slide 52: Appendix
Appendix MONETA’s Credit Rating MONETA’s Shareholder Structure Consolidated Statement of Financial Position Consolidated Statement of Profit or Loss and Other Comprehensive Income Key Performance Ratios Alternative Performance Measures Glossary Forward Looking Statements VV VV VV VV WV Disclaimer an
Slide 53: MONETA's Credit Rating
MONETA’S CREDIT RATING Moody’s changed outlook to positive and S&P reaffirmed investment grade rating Rating Agency! Standard & Poor's Moody's \ Long-term BBB Baa2 Short-term A/-2 P/2 Outlook Stable Positive Last report 19 March 2019 ll January 2019 MONEY BANK bX MONETA \ / 53
Slide 54: Shareholder Structure
SHAREHOLDER STRUCTURE Almost 87% MONETA’s shares owned by legal entities GEOGRAPHICAL SUMMARY (as at March 2019) 29.4% 16.9% 17.6% 1.7% 9.0% 9) LJ _ _ _ | a = | United States United Kingdom Czech Republic Asia Switzerland Sweden Germany Rest of the Rest of Europe the World and Other STRUCTURE BY TYP
Slide 55: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION CZK m 31/03/2019 31/12/2018! % Change Cash and balances with the central bank 5,381 8139 (33.9%) Financial assets at fair value through profit or loss 0 0 (10.7%) Derivative financial instruments with positive value 25 28 : Investmentsecurities 21,647 20,
Slide 56: Consolidated Statement of Financial Position - Quarterly Development
CONSOLIDATED STATEMENT OF FINANCIAL POSITION - QUARTERLY DEVELOPMENT CZK m 31/03/2017 30/06/2017' 30/09/2017 31/12/2017" 31/03/2018 30/06/2018' 30/09/2018 31/12/2018? 31/03/2019 Cash and balances with the central bank 29,083 33,099 7373 727 6823 7498 7,336 8139 5381 Financial assets at fair value th
Slide 57: Consolidated Statement of Profit or Loss and Other Comprehensive Income
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME CZK m 1Q 2019 1Q 2018 % Change Interest and similarincome 2/105 1873 12.4% Interest expense and similar charges (158) @ 105.2% Net interest income 1947 1796 8.4% Fee and commission income 522 519 0.6% Fee and commission expense
Slide 58: Consolidated Statement of Profit or Loss - Quarterly Development
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - QUARTERLY DEVELOPMENT cZKm 1Q2017_ 2Q2017_—-3Q2017_ = «4Q2017_~—«1Q.2018_~— 2Q2018 ~=—3Q2018_ = 4Q2018~—«1Q 2019 Interest and similarincome 1,939 1,874 1858 Lyall 1873 1,874 1,953 2120 2105 Interest expense and similar charges
Slide 59: Key Performance Ratios
KEY PERFORMANCE RATIOS 1Q 2019 FY 2018 Change in bps Profitability Yield (% Avg. Net Customer Loans) 53% 55% (20) Cost of Funds (% Avg Deposits) 0.36% 0.23% B Cost of Funds on Core Customer Deposits (% Avg Deposits)” 0.22% 018% 4 NIM (% Avg Int Earning Assets)>4 3.9% 37% 20 Cost of Risk (% Avg Net C
Slide 60: Key Performance Ratios - Quarterly Development
KEY PERFORMANCE RATIOS - QUARTERLY DEVELOPMENT 1Q 2017 2Q 2017 3Q 2017 4Q 2017 1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019 Yield (% Avg. Net Customer Loans) 6.8% 64% 6.2% 6.0% 57% 55% 55% 55% 53% Cost of Funds (% Avg Deposits) 015% 015% 015% 017% 0.19% 0.23% 0.24% 0.35% 0.36% Cost of Funds on Core Custo
Slide 61: Branch Network
BRANCH NETWORK We continue our branch transformation to optimize and digitalize our physical customer touch points We have reduced the branch network from 202 to 192 locations in 1Q 2019 and further invested in refurbishment and digitalization of key locations MONEY al BANK bX MONETA
Slide 62: Alternative Performance Measures
ALTERNATIVE PERFORMANCE MEASURES * In this presentation, certain financial data and measures are presented which are not calculated pursuant to any accounting standard and which are therefore non-IFRS measures and alternative performance measures as defined in the European Securities and Markets Aut
Slide 63: Glossary (1/3)
GLOSSARY (1/3) Annualized Adjusted so as to reflect the relevant rate on the full year basis. ARAD ARADis a public database that is part of the information service of the Czech National Bank It is uniform system of presenting time series of aggregated data for individual statistics and financial mar
Slide 64: Glossary (2/3)
GLOSSARY (2/3) FVTOCI Financial assets measured at Fair Value Through Other Comprehensive Income FVTPL Financial assets measured at Fair Value Through Profit or Loss Gross domestic product Company and its subsidiaries, MONETA PE CICuE IGEN) Performing loans and receivables to customers as determined
Slide 65: Glossary (3/3)
Interest and similar income from loans to customers less net impairment of loans and receivables divided by average balance of net loans to customers.
Slide 66: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Forward-looking statements * This presentation and subsequent discussion may contain projections, estimates, forecasts, targets, opinions, prospects, results, returns and forward-looking statements with respect to the management's medium term guidance, profitability, costs
Slide 67: Material Assumptions for Medium Term Guidance
MATERIAL ASSUMPTIONS FOR MEDIUM TERM GUIDANCE Positive macroeconomic environment, increasing interest rates, strong growth in loans and deposits GDP OUTLOOK! MONETA‘S INTEREST RATES PROJECTION? (%) —e— 3MPRIBOR 0) O42 3.1% 3.3% 3.3% 3.3% —e— 2W Repo rate 240 257 261 261 261 261 196 196 196 196 208 2
Slide 68: Disclaimer and Other Information
DISCLAIMER AND OTHER INFORMATION * THIS PRESENTATION IS NOT AN OFFER TO SELL OR A SOLICITATION OF OFFERS TO PURCHASE OR SUBSCRIBE FOR SHARES OF MONETA MONEY BANK, AS. (THE “COMPANY"), OTHER SECURITIES OR OTHER FINANCIAL INSTRUMENTS. * Copies of this presentation may not be sent to countries, or dist