Moneta Money Bank AsPSECZ: MONET

REGULATORY ANNOUNCEMENT: Presentation of FY 2024 financial results

· Issued by Moneta Money Bank AS

FY 2024 Results

Published on 31 January 2025 at 07:00 CET

According to IFRS, Consolidated, Unaudited

MANDATORY DISCLOSURE / PUBLIC DISCLOSURE OF MANDATORY INFORMATION

FY 2024 YTD KEY HIGHLIGHTS

(in CZK)

  • Operating income of CZK 12.9 billion (+6.3%) supported by growth in net interest income (+4.0%) and net fee and commission income (+16.6%)
  • Operating expenses maintained stable at CZK 5.7 billion despite persisting inflationary pressure in the labour market
  • Net profit of CZK 5.8 billion (+11.7%) exceeds a full-yearminimum profitability target of CZK 5.2 billion by CZK 0.6 billion
  • Total assets reached CZK 495 billion (+8.0%), driven by the expansion of client deposits (+7.7%) and the successful issuance of MREL eligible bonds

OperatingOperating

incomeexpenses

12.9bn 5.7bn

+6.3%stable

Total

Net loan

assets

portfolio

495bn

275bn

+8.0%

+4.7%

Net

profit

5.8bn

+11.7%

Funding

base

452bn

+8.9%

Note: Percentage change represents movement compared to FY 2023 or 2023 year-end.

2

FY 2024 YTD KEY HIGHLIGHTS

(in CZK)

  • Capital adequacy ratio at 18.2%, which is 3.2% above management target and corresponding to excess capital of CZK 5.5 billion1
  • MREL ratio of 27.0% reinforced by EUR 300 million senior preferred bond issuance in September'24
  • Return on Tangible Equity at 20.4% (+2.4pp) exceeds a full-yearminimum target of 17% by 3.4pp
  • Dividend proposal of CZK 10 per share
    (CZK 5.1 billion)2 to be decided by shareholders on 24 April 2025

Capital

Excess

MREL

adequacy ratio

capital1

ratio

18.2%

5.5bn

27.0%

Excess 3.2%

CZK 10.8 per share

Excess 5.0%

Return on

Proposed

2024 Total

Tangible Equity

dividend2

shareholder return

20.4%

5.1bn

48.0%

+2.4pp

CZK 10 per share

vs 35.7% in 2023

Note: (1) Excess capital above the capital management target of 15.05% as at 31 December 2024 and after proposed dividend of CZK 5.1 billion;

3

(2) Subject to corporate, regulatory and regulator´s limitations and shareholders' approval at the General Meeting to be held on 24 April 2025.

2024 MARKET GUIDANCE AND RESULTS

MONETA outperformed its guidance across, on net profit by CZK 0.6 billion or 11.7% and operating income by CZK 0.5 billion or 4.1%

2024 market guidance versus final results

Metrics

2024

2024

Variance guidance

guidance1

results

vs results

Total operating income (CZK bn)

12.4

12.9

4.1%

+0.5

Total operating expenses (CZK bn)

(5.8)

(5.7)

(1.3)%

+0.1

Operating profit (CZK bn)

6.6

7.2

8.9%

+0.6

Cost of risk (bps)

(10-30)

(14)

-

-

NET PROFIT (CZK bn)

5.2

5.8

11.7%

+0.6

Earnings per share (CZK)

10.2

11.4

11.7%

+1.2

Return on Tangible Equity

17.0%

20.4%

19.8%

+3.4pp

Note: (1) Market guidance as published on 2 February 2024.

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QCONTENT

  • Macroeconomic Environment
  • Operating Platform
  • Profit and Loss Development
  • Balance Sheet Development
  • Liquidity Development
  • Capital Management
  • Risk Metrics & Asset Quality
  • 2025 - 2029 Market Guidance
  • Appendix

Branch office: Olomouc

MACROECONOMIC ENVIRONMENT

Czech economy grew by 1.4%; unemployment remains stable; state budget deficit came at CZK 271 billion, lower than expected by CZK 11 billion

GDP evolution1 (CZK bn)

2023: (0.1)%

GDP at constant prices

GDP Y/Y % change

2024F: 1.1%

1,577

1,597

1,476

1,595

1,610

1.4%

0.5%

0.5%

(0.3)%

0.1%

3Q 2023

4Q 2023

1Q 2024

2Q 2024

3Q 2024

Government debt in % of GDP at current prices2

EURO area - 20 countries Czech Republic

97.2

94.8

89.5

88.6

88.2

36.9

40.7

42.5

42.4

43.6

2020

2021

2022

2023

3Q 2024

Unemployment rate: Czech Statistical Office3

2023: 2.6%

State budget deficit of the Czech Republic4 (CZK bn)

Nov'2024:

2.8%

2024F:

2.7%

2.7% 2.6%

2.8% 2.6% 2.7%

(419.7) (360.4)

(288.5) (271.4) (241.0)

3Q 2023

4Q 2023

1Q 2024

2Q 2024

3Q 2024

2021

2022

2023

2024

2025F

Note: (1) Source: GDP at constant prices of 2020 based on the Czech Statistical Office (CZSO); GDP at current prices - 3Q 2023: CZK 1,913bn, 4Q 2023:

CZK 1,927bn, 1Q 2024: CZK 1,965bn, 2Q 2024: CZK 1,997bn, 3Q 2024: CZK 2,016bn; GDP Y/Y % change: 3Q 2023-3Q 2024 actuals based on the CZSO seasonally 6

adjusted and FY 2024 CNB forecast; (2) Euro area data: www.ec.europa.eu/eurostat as at 22 January 2025; (3) ILO methodology, 2024F based on the CNB forecast

issued in Autumn 2024; (4) Source: www.mfcr.cz.

MACROECONOMIC ENVIRONMENT

Inflation on a descending trajectory towards the CNB inflation target of 2%; the key rate decreased to 4.0%

Inflation and consumer price index1 (year-over-year% change)

End of period

3.2%

2.3%

6.6%

15.8%

6.9%

3.0%

change2

15.0

15.1%

10.7%

10.0

5.0

2.8%

3.2%

3.8%

2.4%

0.0

2019

2020

2021

2022

2% the CNB inflation target

2023

2024

2W repo rate (end of period)

7.00%

7.00%

6.75%

6.25%

5.75%

5.25%

3.75% 4.50%

4.75%

4.50%

4.25%

4.00%

12/21 03/22 06/22 11/23 12/23 02/24 03/24 05/24 06/24 08/24 09/24 11-12/ 2024

Contribution to inflation by item1

Market yield curve3

Swap as of 31 Dec 2024

Dec'2023 %

Dec'2024 %

Dec'2024 Y/Y price

Swap as of 31 Dec 2023

contribution

contribution

change %

7.0%

Food and beverages

0.4

0.7

2.7

Clothing and footwear

0.2

0.0

(0.7)

6.0%

Housing, energy

4.7

1.1

3.4

5.0%

Health

0.2

0.1

3.9

Transport, telecommunication

0.1

0.1

1.2

4.0%

Recreation, culture, education

0.5

0.4

1.4

Restaurants and hotels

0.5

0.4

6.8

3.0%

Other

0.3

0.2

3.5

1D

1W

2W

1M

2M

3M

6M

9M

12M

2Y

3Y

4Y

5Y

6Y

7Y

8Y

9Y

10Y

12Y

15Y

20Y

30Y

Total

6.9

3.0

3.0

Source: CZSO, Bloomberg. Note: (1) Inflation rate as an increase in the average annual Consumer price index; (2) Consumer price index calculated as an increase in

the CPI compared with the corresponding month of the preceding year; (3) Composed of short-term PRIBOR and swap market indication from 1 year and longer 7 maturity.

CONTENT

  • Macroeconomic Environment
  • Operating Platform
  • Profit and Loss Development
  • Balance Sheet Development
  • Liquidity Development
  • Capital Management
  • Risk Metrics & Asset Quality
  • 2025 - 2029 Market Guidance
  • Appendix

Branch office: Chomutov

OVERALL BUSINESS PLATFORM

consists of three service and sales distribution pillars:

  • Digital presence
  • Branch network
  • Contact centre

supported by own and shared ATM network, enabling deposits, withdrawals and service operations

Total number

Branch

Own & shared

of clients

network

ATM network1

1.6m

124

1,966

+1.4%

(7.5)%

(0.3)%

Total number of

Number of front

Number of other

employees

line employees

employees2

2,490

1,352

1,138

(0.8)%

(4.0)%

+3.2%

Note: Numbers as at 31 December 2024. The percentage represents the year-on-year change. (1) Out of which 795 ATMs have a deposit function;

9

(2) Includes control and enabling functions.

DIGITAL

is a critical distribution and service channel consisting of four key pillars:

  • Web: www.moneta.cz
  • Web: www.hypoteka.cz
  • Mobile: Smart Banka
  • Internet: Internet Banka

Additionally, it is supported by its presence on social media platforms:

Digital

Average

Payment

platform users1

daily visits1

transactions

1.5m 684ths 73.2m

+7.3%

+12.3%

+13.1%

Servicing

Loan

Sales

transactions

applications

transactions

m

355ths

ths

23.1

400

+23.5%

+26.2%

+8.8%

Note: Payment transactions, servicing transactions and sales transactions during the year 2024. All numbers in units. The percentage represents the

10

year-on-year change. (1) Combination of Smart Banka and Internet Banka.