▪ ▪ ▪ ▪ 2
▪ Share of TF Bank's loan book ▪ ▪ 77% ▪ ▪ ▪ Share of TF Bank's operating income 5.4bn 23% 8 75% Loan book Loan book Countries growth* 3
▪ Share of TF Bank's loan book ▪ 17% ▪ ▪ Share of TF Bank's operating income 20% 1.2bn 19% 7 Loan book Loan book Countries growth* 4
Share of TF Bank's loan book ▪ ▪ 6% ▪ ▪ ▪ Share of TF Bank's operating income 0.4bn 107% 2 5% Loan book Loan book Countries growth* 5
▪ 8 000 ‒ 7 000 6 000 ▪ 5 000 ‒ 4 000 ▪ 3 000 ‒ 2 000 1 000 ▪ 0 ‒ Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 TF Bank Consumer Lending Ecommerce Solution Credit Cards 6
Sweden ▪ Focus on profitability and e-commerce. Loan book Norway ▪ Continued positive long term outlook on the Norwegian economy. Focus on growth and margins. Finland ▪ New rate cap of 10% until the end of the year. Sweden Norway Finland Baltics Poland Germany The Baltic states ▪ Portfolio management and profitability focus in consumer lending. E-commerce considered a better risk. Poland ▪ Focus on e-commerce and profit. The market for consumer loans is challenging. Germany ▪ Credit card product in high demand. Building for scale. Covid lockdown led to lower growth in Q2. 7
25,0% 60,0% 8,0% 250 90 70 80 80 78 60 60 213 210 80 208 60 50,0% 71 71 196 20,0% 189 200 70 51 6,0% 47 50 46 40,0% 60 SEK million 15,0% SEK million SEK million 150 37,6% 37,3% 37,7% 37,9% 40 50 36,5% 15,0% 14,3% 30,0% 4,0% 13,7% 13,2% 12,8% 40 30 10,0% 100 3,6% 3,5% 3,4% 3,4% 3,4% 20,0% 30 20 2,0% 20 5,0% 50 10,0% 10 10 0,0% 0,0% 0,0% 0 0 0 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 ▪ ▪ ▪ ‒ ‒ ‒ ‒ ‒ ‒ 8
▪ 144 150 ‒ 136 ‒ 120 ▪ 90 ‒ 70,6 70,4 ▪ 60 ‒ 30 0 6M'19 6M'20 Q2'19 Q2'20 9
C/I: 38% 100 16,0% +73,8 +5,6 -9,0 90 +70,4 80 90 80 80 11,8% 70 12,0% 70 60 9,4% C/I: 26% 9,2% 60 SEK Million SEK million 50 43 50 8,0% C/I: 64% 40 40 27 30 30 3,9% C/I: 100% 4,0% 20 20 11 10 10 0 0,0% 0 Consumer Ecommerce Credit Cards TF Bank Consumer Ecommerce Credit Cards TF Bank Consumer Ecommerce Credit Cards TF Bank Lending Solutions Lending Solutions Lending Solutions ‒ ‒ ‒ ‒ ‒ ‒ 10
9 000 8 000 ▪ Distribution of deposits 7 000 Sweden ‒ Germany 6 000 14% SEK million Finland ‒ 3 828 5% 5 000 ‒ 49% Germany 4 000 ‒ 32% 25% of deposits 3 000 ‒ Norway Norway 2 534 2 000 ▪ 787 Other Sweden 1 000 ‒ 1 055 1 142 Central banks Finland 0 377 ‒ Deposits from Liquidity reserve* the public ‒ 11
17,5% ▪ 17,5% T1+T2 14,5% 5,7% Headroom T1 14,5% 13,0% ▪ 4,9% Headroom T1+T2 11,8% Headroom 5,0% T1 9,6% T1 9,6% CET1 13,0% ▪ CET1 CET1 CET1 8,0% 8,0% 8,0% ▪ Capital ratios Headroom to CET1 legal capital Headroom to T1 legal capital Headroom to T1+T2 legal capital 30 June 2020 requirements (including Pillar 2) requirements (including Pillar 2) requirements (including Pillar 2) 12
▪ ▪ ▪ 13
Q&A Session 14
APPENDIX 15
16
▪ 7 000 900 800 6 000 ▪ 700 5 000 600 SEK million 4 000 500 400 3 000 300 2 000 200 1 000 100 ▪ 0 0 1992 2001 2010 2019 Loan portfolio Operating income 17
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John Brehmer Charlotta Björnberg- Tone Bjørnov Chariman of the Board Paul Board member since 2015 since 2020 Board member since Current commitments: Board member since 2017 Chairman: Filmparken AS, Storyline Studios AS, Hausmann AS 2010 Current commitments: Board member: Storyline Studios Current commitments: Chairman: Saxo Oy AS, Aqua Bio Technology ASA, Chairman: Mederion AB, Tiberon Sparebankstiftelsen Bien, Guard Board member: Paptic Ltd AB, Zebware AB Automation AS, Guard Electro AS, Co-founder: Superskills Omsorgsbygg Oslo KF, sparebanken Board member; Consortio Entrepenuer; Anki Rugs Bien ASA, Varme og Bad AS Fashion Holding AB, TFB Holding AB, Halens Real Estate AB Sara Mindus Mari Thjømøe Bertil Larsson Board member since Board member since Board member since 2020 2017 2007 Current commitments: Current commitments: Current commitments: Board member: K-Fast Holding Chairman: Seilsport Maritimt Chairman: LåsTeam Sverige AB, AB, Besqab AB, Dreams AB, Forlag AS Minso Solutions AB, Minso Holding Colibri Ventures AB, Faboss Deputy chairman: Norconsult AS AB , Aktiebolaget Borås Tidning, Invest AB Board member: Hafslund E-CO AB Effektiv AS, Scatec Solar ASA, Ice ASA, Board member: Conpera AB, Tryg A/S Tore G Wärenstams stiftelse, Gota Media AB, Brf Asplyckan, Kyrkesunds Båthamnsförening 19
Mattias Carlsson Mikael Meomuttel CEO CFO, Deputy CEO and Head of Investor Relations Education: MSc, Engineering Physics, Uppsala University. Education: MSc, Business/Economics and Finance, University Current commitments: Smedslättens Tennisbanor Aktiebolag of Borås/University of Gothenburg. (chairman), Qred AB (chairman), and Tronstad Consulting AB (board member). At TF Bank since 2009, 2014 deputy CEO and from 2018 also the Group’s Head of IR. Previously, among other things, been Financial Controller at Consortio Fashion Group AB (CFG). Espen Johannesen Mikael Johansson Head of Consumer Lending Head of Ecommerce Solutions Education: Executive M.B.A Management control Norwegian Education: MSc Business Administration and Matemathics School of Economics (NHH), Bachelor of economics, Business Stockholms universitet BI Norwegian School of Management With the Group since 2016 as CEO of Avarda. Previously, At BB Bank since 2010. among other things, at GE Commercial Finance and as CEO of Santander Consumer Bank Sweden. Current commitments: Svenska Bilhandlare AB (chairman) 20
▪ Juris P ū ce Vilma Sool Juho Maanpää Björn Skytt Regional manager Head of Finland Head of Latvia CIO Baltics Extensive consumer Before joining TF Bank Before joining TF Bank Head of Estonia finance experience in in 2016, worked for in 2010 worked as Finland within seven years in integration manager for 10 years of experience operations Bigbank, serving as ICA Banken and prior in the consumer management, credit country manager in to that as project finance sector – risk and digital Latvia and Spain and in manager and system established and led manager for SKF’s marketing. With TF various positions with Bigbank Swedish Bank since 2013. credit management financial and treasury branch. services provider systems. Creditreform. Wojciech Drozd Krzysztof Blach Lennart Swoboda Sarunas Dmukauskas Head of Poland Credit Manager Head of Germany Head of Lithuania Sales leader with 20+ Credit Risk Manager Seasoned Fintech and Before joining TF Bank at years of extensive with 15 years of Bank manager in end of 2018, worked for 2 consumer finance and experience in retail several positions in years in Mokilizingas as retail banking banking sector. leading institutes. Prior Head of Projects and prior to experience from GE Worked for GE establishing German that as a project and product Money Bank Poland Money Bank and business, led several manager of Consumer and Bank BPH. BPH Bank in Poland M&A & Strategy Loans. Led development of holding various projects for blue-chip various financial service positions and for Debt Management related IT solutions. KBC Group across firms. Europe. 21
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