▪ ▪ ▪ ▪ ▪ 2
Share of TF Bank's loan book ▪ ▪ 79% ▪ ▪ ▪ Share of TF Bank's operating income ▪ 75% 5.5bn 7% 8 Loan book Loan book Countries growth 3
Share of TF Bank's loan book ▪ ▪ 16% ▪ ▪ Share of TF Bank's operating income 20% 1.1bn 7% 7 Loan book Loan book Countries growth 4
Share of TF Bank's loan book ▪ ▪ 5% ▪ ▪ ▪ Share of TF Bank's operating income 5% 0.4bn 21% 2 Loan book Loan book Countries growth 5
▪ 8,000 ‒ 7,000 6,000 ▪ 5,000 ‒ 4,000 ▪ 3,000 ‒ 2,000 1,000 ▪ 0 ‒ Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 TF Bank Consumer Lending Ecommerce Solution Credit Cards 6
Sweden ▪ Focus on profitability and e-commerce Loan book Norway ▪ Continued positive longterm outlook on the norwegian economy. Focus on growth and margins Finland ▪ New rate cap proposal of 10% until the end of the year. If Sweden Norway Finland implemented it will mean low origination in consumer lending 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. New rate cap will make life difficult for payday lenders. A possibility? Germany ▪ Credit card product in high demand. Building for scale 7
60.0% 25.0% 8.0% 250 90 70 80 78 60 213 80 208 60 50.0% 71 71 196 20.0% 189 200 67 70 51 6.0% 176 47 50 46 40.0% 44 60 SEK million 15.0% SEK million SEK million 150 38.0% 37.6% 15.6% 37.3% 40 37.7% 36.5% 50 15.0% 14.3% 30.0% 4.0% 13.7% 13.2% 40 30 10.0% 3.7% 3.6% 100 3.5% 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 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 ▪ ▪ ▪ ‒ ‒ ‒ ‒ ‒ ‒ 8
7,000 94% 94% 3,2% 3,2% 6,000 5,000 SEK Million 94% 4,000 Total Assets 3,000 SEK 9. SE 9.0b 0bn 2,000 1,000 4% 4% 5% 2% 1% 2% 0 1 Jan 2019 31 Dec 2019 31 Mar 2020 Stage 1, net* Stage 2, net* Stage 3, (non-performing)* 12,6% 17,5% ▪ 12,6% 3,8% Total Assets Total Assets ▪ SEK 41.7bn SEK 37.4bn ▪ Peer 2 Peer 1 Stage 2, gross Stage 3, gross (non-performing) 9
▪ +26% 289 300 ‒ ‒ 250 230 ▪ 200 ‒ 150 ▪ +11% ‒ 100 73 66 50 0 12M'18 12M'19 Q1'19 Q1'20 10
C/I: 38% 16.0% 100 +73 +10 -10 +73 90 80 90 80 12.3% 80 70 12.0% 70 9.9% C/I: 28% 60 9.6% SEK million 60 SEK Million 50 45 8.0% 50 40 40 C/I: 56% 5.1% 30 24 30 C/I: 108% 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 ‒ ‒ ‒ ‒ ‒ ‒ 11
9,000 8,000 ▪ Distribution of deposits 7,000 ‒ Sweden 6,000 Germany SEK million ‒ 15% 4,008 Finland 5% 5,000 ‒ Germany 52% 4,000 ‒ 28% 24% of deposits 3,000 ‒ Norway Norway 2,151 2,000 ▪ Sweden 1,000 ‒ 1,086 Central banks Finland 0 419 ‒ Deposits from Liquidity reserve* the public ‒ 12
17,1% ▪ 17,1% T1+T2 14,1% Headroom 5.3% 14,1% T1 12,5% ▪ Headroom 4.5% T1+T2 11,8% 4.6% Headroom ▪ T1 T1 9,6% 9,6% CET1 12.5% CET1 CET1 CET1 7.9% 7.9% 7.9% ▪ Capital ratios Headroom to CET1 legal capital Headroom to T1 legal capital Headroom to T1+T2 legal capital 31 March 2020 requirements (including Pillar 2) requirements (including Pillar 2) requirements (including Pillar 2) 13
▪ ▪ ▪ ▪ ▪ ▪ 14
Q&A Session 15
APPENDIX 16
17
▪ 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 18
19
Mari Thjømøe Charlotta Björnberg- Tone Bjørnov Chairman of the Board Paul Board member since 2015 since 2018 Board member since Current commitments: Board member since 2017 Chairman: Filmparken AS, Storyline Studios AS, Hausmann AS 2017 Current commitments: Board member: Storyline Studios Current commitments: Chairman: Saxo Oy AS, Aqua Bio Technology ASA, Chairman: Seilsport Maritimt Sparebankstiftelsen Bien, Guard Board member: Paptic Ltd Forlag AS Automation AS, Guard Electro AS, Co-founder: Superskills Omsorgsbygg Oslo KF, sparebanken Deputy chairman: Norconsult AS Entrepenuer; Anki Rugs Bien ASA, Varme og Bad AS Board member: Hafslund E-CO AS, Scatec Solar ASA, Ice ASA, Tryg A/S Mattias Carlsson John Brehmer Bertil Larsson Board member since Board member since Board member since 2008 2010 2007 Current commitments: Current commitments: Current commitments: Chairman: Smedslättens Chairman: Mederion AB, Chairman: LåsTeam Sverige AB, Tennisbanor Aktiebolag, Qred AB Tiberon AB, Zebware AB Minso Solutions AB, Minso Holding Board member: Tronstad Board member; Consortio AB , Aktiebolaget Borås Tidning, Consulting AB Fashion Holding AB, TFB AB Effektiv Holding AB, Halens Real Board member: Conpera AB, Estate AB Tore G Wärenstams stiftelse, Gota Media AB, Brf Asplyckan, Kyrkesunds Båthamnsförening 20
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) 21
▪ 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. 22
23
Recommend
More recommend
