v Q4 2019 Investor Presentation Santander Consumer Bank Nordic Group February 2020
Index 1. SCB Nordic Overview 2019 2. Financials 2019 3. Capital and Funding 2019 4. Appendix: Santander Group 5. Appendix: Santander Consumer Finance 2
SCB Nordic Overview 2019 01
Who we are Santander Consumer Bank AS is a Nordic bank with more than 1,400 colleagues in Sweden, Norway, Denmark and Finland, with a long history in the Nordics, and with global strength through being a part of Banco Santander. We are one of the largest Nordic banks providing loans and credits, credit cards, deposits and insurance to private and business customers. We work with the best people in an engaged, challenging and passionate organization, which provides great opportunities for professional growth. 4 4
Regulated in Norway, owned by Banco Santander SCB AS is Santander Consumer regulated Bank AS by the Fitch/Moody’s Norwegian A-/A3 FSA Santander Banco Consumer Santander S.A. Finance S.A. Fitch/Moody’s/S&P Fitch/Moody’s/S&P A-/A2/A A-/A2/A- Santander Consumer Santander Consumer Santander Consumer Bank Denmark Finance Finland Bank Sweden (Branch) (Subsidiary) (Branch) 5
Key Figures 2019 (vs. 2018) Gross Core Capital Total Profit Before Outstanding CET1 1 Deposit Tax Loans 165.3 18.1 65.5 3,611 (+2%) (+2.4) (+20%) (-13%) NOK Billion Per cent NOK Billion NOK Million People 2 Customers Net Interest Partners Income Ratio 3 5,060 +5,600 1,484 1.60 4.4 (-51) (+3.0%) (-0.2) Merchants Car Dealers Employees Million per cent Source : SCB Group 2019 Annual Report and Management Figures 1) Adjusted for IFRS9 transitional rules 2) Headcount includes permanent and temporary employees 3) NII Ratio = Net Interest Income (annualized) / ANEA 6
Loan growth in the Nordics CAGR 1 15% 143,615 165 331 162 802 2 (mNOK) 124,625 147 970 2 mNOK mNOK 116,297 (mNOK) mNOK (mNOK) 127 852 118 991 mNOK mNOK 83,322 (mNOK) 71,891 83 322 (mNOK) 59,575 mNOK (mNOK) 2014 2015 2016 2017 2018 2019 Source: SCB Annual Reports 2014 – 2019 1) Compound Annual Growth Rate 2014 – 2019 2) SCB Group has reclassified Consignment from the financial statement line “Consignment” to “Loans to c ustomers ” in 2018. Comparison figures are changed similarly. As of December 31 2018 the Consignment portfolio constitute NOK 4.2 billion of the financial statement line “Loans to customers”. Please see principle 6) on page 57 in the 2018 Annual Report for further details. 7
Solid profitability CAGR 1 22% 4 134 2 3 995 2 mNOK mNOK 3 611 mNOK 3 250 mNOK 1 942 mNOK 1 321 mNOK 2014 2015 2016 2017 2018 2019 Source: SCB Annual Reports 2014 – 2019 1) Compound Annual Growth Rate 2014 – 2019 2) The Group reclassified issued AT1 capital of NOK 2.25 billion from liabilities to equity in 2017. Interest expenses for 2017 of NOK 169 million are consequently presented in equity instead of profit and loss, with related tax impact presented as part of other equity. Comparison figures are changed similarly. Please see principle 6) on page 40 in the 2017 Annual Report for further details. 8
2019 | SCB Group overview Portfolio and results by region % of Gross Outstanding Loans Finland Norway Nordic 2019 Result Auto Auto 47.9 Bn 32.1 Bn Loans Loans Unsecured Unsecured 3.7 Bn 10.3 Bn Loans Loans 165.3 Bn 22% Profit Profit 519 MM 1,571 MM 35% Finland Before Tax Before Tax Gross Outstanding Norway Denmark Sweden 3,611 MM Profit Before Tax Auto Auto 25.8 Bn 23.3 Bn Loans Loans 23% Unsecured Unsecured 15.2 Bn 7.0 Bn Loans Loans Sweden 20% Profit Profit 592 MM 929 MM Before Tax Before Tax Denmark Source : SCB Group 2019 Annual Report (All figures in NOK) 9
History ELCON Finance Bankia Bank acquired (credit cards) A leading Norwegian Forso Nordic AB company within ELCON Finance SCB agrees to acquire the GE Finland acquired equipment leasing, becomes Santander captive finance operation of (auto finance, Deposits launched in factoring and auto Consumer Ford in the Nordics 1 consumer loans) Denmark (2014) financing Bank AS (SCB) 1963 2005 2009 2015 2019 2004 2006/07 2012/13 2017 Launch consumer Consumer loans in SCB merges with Solidified position in Santander Consumer Sweden (2012) and GE Money Bank loans Norway sales finance with the Finance S.A. acquires Denmark (2013) onboarding of ELCON Finance SCB becomes Skandiabanken Elkjøp/Elgiganten, Deposits launched in leader within car Bilfinans acquired in Company Power and Media Norway and Sweden finance and Denmark demerges and auto Markt (2013) unsecured loans in (auto finance) finance is retained in the Nordic region Norway and Sweden Start up auto finance in Finland Source : SCB Group 2019 Annual Report 1) Forso Nordic AB, the captive finance operation of Ford Motor Company in the Nordics, have agreed to an acquisition by Santander Consumer Bank AS. Part of the transaction is a long-term agreement on retail and wholesale finance to Ford dealers under the Ford brand. The transaction is subject to regulatory approval. 10
Executive Committee Knut Øvernes Anders Michael Tina Krogsrud Fjeld Bruun-Olsen Hvidsten MD Norway IT & Ops Commercial B2B CFO Director CEO Knut has held various Anders has held several Tina has vast experience within Michael started in GE business management senior positions within positions in GE Money commercial, business development, (first in GE Capital, banking institutions like DNB, later in GE Money Bank and Santander compliance, group strategy and Non Eksportfinans and Bank) in 2000, where since he started in 1996. Financial Risk. She joined Santander in Handelsbanken. He joined he held various key 2019. Santander in 2011 . position within risk management. He joined Santander in 2005 as Nordic Chief Risk Officer, and was Andres Diez Peter Sjöberg Martin Brage appointed Nordic CEO in 2012 . Chief Risk Officer MD Sweden MD Finland Commercial B2C Strategy and M&A Andres has held different leadership Martin joined GE in 1999. Peter has 20 years positions within Risk With his long and extensive experience from banking and Credit. Joined experience within the and financial services. He Santander in 2007. financial sector and has held several leadership Santander, he has built up positions in SCB. Joined years of experience within Santander in 2010 . auto and unsecured. 11
Responsible Banking Strategy Creation of a holistic bank culture centered on responsible banking principles Internal environment Inclusive and sustainable growth Supporting to create new jobs and helping Ensuring we have the right culture, skills, people access finance, supporting the financing governance, digital and business practices of the low carbon economy and fostering sustainable consumption Strong corporate culture Talented and motivated team Responsible business practices Risk focus INCLUSIVE SUSTAINABLE GROWTH GROWTH Stakeholder value Responsible procurement 12
Pursuing active contribution to the UN SDGs Overview of other highly relevant SDGs for SCB AS: GOAL 3: Ensure healthy lives and promote well-being for all GOAL 7: Ensure access to affordable, reliable, sustainable and • modern energy Across the Nordics, SCB AS encourages a broad base of people to physical activity: • We engage in collaborations to innovate new and more environmental • Partnering “Team Rynkeby ”, a charity cycling team that raise money friendly mobility solutions, and we add the commercial strength to bring for children with critical illnesses them to the market • Engaging employees in “ Kræftens Bekæmpelse ” , the Danish Cancer • In 2013 Santander pioneered the All-in-One product suite in Finland, Society speeding up renewal of one of the oldest car parks in Europe • Supporting the Football Association to make “ 3v3” kid’s soccer • We developed the IT solution to enable online sales of the all electric tournaments – an inclusive sports variety where every team member is Nissan Leaf - helping it to be last year's single most sold car model in part of the active play and gets equal playing time Norway • Promoting health and well-being initiatives internally GOAL 13: Take action to combat climate change and its GOAL 4: Ensure inclusive and equitable quality education and impacts by regulating emissions and promoting promote lifelong learning opportunities for all developments in renewable energy • SCB AS is a Gold partner supporting “ Right To Play” , an organization • In 2018, SCB AS partnered with CHOOOSE , a global leader in that protects, educates and empowers children to rise above adversity retiring carbon credits and a platform for climate action, battling the using the power of play issue of emissions from big polluters • Right To Play focus in five key areas: quality education, gender equality, • SCB has been certified as “ Miljøfyrtårn ” since 2009, meaning that health & well being, child protection and peaceful communities we are compliant with all requirements regarding health, environment • The partnership with Right To Play for us means something more than and safety, procurement, transportation, waste handling and energy contributing financially. We actively participate involving employees and consumption partners contributing • We educate employees on sustainability Through its general business activity and its community work, SCB AS directly contributes to the achievement of UN SDG 3, 4, 7, 13 13
Recommend
More recommend
