Raiffeisen Bank International H1/2020 Results – 11 August 2020
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Such information and data are otherwise lawfully be communicated or caused to be presented for illustrative purposes only. communicated (all such persons together being referred to as "relevant persons"). These Materials are directed only at relevant Subject to applicable securities law requirements, we disclaim any persons and must not be acted on or relied on by persons who are intention or obligation to update or revise any forward-looking 11 August 2020 Group Investor Relations 2
Executive Summary 01 02 03 04 Executive Financials Risk Management Appendix Summary JOHANN STROBL 11 August 2020 Group Investor Relations 3
Executive Summary H1/2020 Operating Result (in EUR mn) Consolidated Profit (in EUR mn) 368 1,216 1-6/2020 1-6/2020 571 1-6/2019 1,009 1-6/2019 Consolidated profit includes EUR 312 mn risk costs (vs. EUR 12 Operating income up 7% driven by net trading income/fair mn in H1/2019) value result Negative impact of EUR 173 mn from other result driven by NII up 2%, net fee and commission income stable (reduction in impairments on investments and goodwill Q2 due to lockdowns) CET1 Ratio (including result) Loans to Customers (in EUR mn) 93,876 30/6/2020 13.2% 30/6/2020 91,204 31/12/2019 13.9% 77,745 31/12/2019 Slower growth in Q2 following strong Q1 (offset by FX) Down 72 bps, driven by FX moves (-30 bps) and credit RWAs (-46 bps) Growth primarily in GC&M (up 13%) and Hungary (6%) 2019 dividend remains deducted from CET1 ratio (41 bps) 11 August 2020 Group Investor Relations 4
Financial Performance H 1/2020 Operating Income 2.31% Net Interest 1-6/2020 y-o-y 2.44 Margin EUR 2,690 mn 7.3% 2.42% 1-6/2019 Net Interest Income y-o-y EUR 1,706 mn 2.5% Fee Income 54.8% 1-6/2020 2.44 Cost/Income y-o-y Ratio EUR 840 mn 59.7% 0.0% 1-6/2019 General Admin. Expenses y-o-y 5.9% 1-6/2020 Consolidated EUR (1,474) mn (1.6%) Return on Equity 2.44 Provisioning Ratio 10.1% 1-6/2019 y-o-y 67 bps 65 bps NIM impacted by key rate cuts Cost/income ratio General admin. expenses reflect FX movements across CEE and higher volumes of improvement driven by 7% and lower expenses at head office and in Slovakia repo and short-term business increase in operating income and 2% cost reduction 11 August 2020 Group Investor Relations 5
Recovery in Activity across the Region Mobility data and leading indicators suggest a sustained uptick in EU Recovery Fund very supportive for CE and SEE region activity since May 55 55 Manufacturing PMI Austria & CE EUR 80 bn 30 ~ 6% 50 AT ~ 14% ≈ 5 SEE RU 45 ~ 7% ~ 3% CZ -20 20 % of allocation 40 -45 CE SEE 35 -70 ... out of the EUR 390 bn "Next Generation EU“ Share of Next Generation EU 30 EUR 390 bn grant allocation grants over the next Deviation in mobility indicators from three years Share of total EU GDP baseline mid-January 2020 AT and CEE are New Covid cases stable in Austria, CE and EE but increasing in relatively advanced SEE in easing lockdown measures; some 100 border restrictions still 80 in place SEE 60 EE 40 20 AT CE 0 Shops/culture open Borders closed Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 … partly open … partly closed Cases per 100k inhabitants,14 days moving average 11 August 2020 Group Investor Relations 6
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