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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Avanza Bank Holding AB (publ)    AZA   SE0012454072

AVANZA BANK HOLDING AB (PUBL)

(AZA)
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Avanza Bank : Q3 2020 results presentation

10/19/2020 | 03:15am EST

Q3 2020 results presentation

Webcast, 19 October 2020

218,300 new customers in 2020 - so far

  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
    0

2019 2020

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2

Continued strong net inflow, SEK 57.6 billion YTD

10

9

8

7

6

5

4

3

2

1

0

SEK Billions

9,1

7,9

6,2

6,6

6,1

6,1

5,3

5,3

4,9

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2019 2020

3

Market share of 19.2% rolling 12M of net savings on the Swedish savings market

4

5

premiums pension occupational and funds in savings Monthly

Jan -18

Feb-18

Mar-18

Apr-18

May-18

Jun-18

Jul-18

Aug18

Sep-18

Oct-18

Nov-18

Dec-18

Jan -19

Feb-19

Mar-19

Apr-19

May-19

Jun-19

Jul-19

Aug19

Sep-19

Oct-19

Nov-19

Dec-19

Jan -20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug20

Sep-20

SEK million

savingsMonthly development

400

500

600

700

800

900

000 1

capital savings of part important an

Taking market share - largest Swedish participant on Nasdaq OMX and First North

Market share, %

25

20

15

10

5

0

Transactions

Turnover

10

9

%

8

share,

7

6

Market

5

4

3

2

1

Q1-15Q2-15Q3-15Q4-15Q1-16Q2-16Q3-16Q4-16Q1-17Q2-17Q3-17Q4-17Q1-18Q2-18Q3-18Q4-18Q1-19Q2-19Q3-19Q4-19Q1-20Q2-20Q3-20

0

Q1-15Q2-15Q3-15Q4-15Q1-16Q2-16Q3-16Q4-16Q1-17Q2-17Q3-17Q4-17Q1-18Q2-18Q3-18Q4-18Q1-19Q2-19Q3-19Q4-19Q1-20Q2-20Q3-20

  • Market share of 19.9% in terms of transactions and 9.6% in turnover in Q3 2020

6

Strong growth makes Avanza more resilient

  • Strong customer growth and growth in savings capital
  • Avanza has over 160 000 more brokerage generating customers YTD
  • Monthly savings have grown with 26 per cent YTD
  • Growth in savings capital strongly correlated with growth in income
  • Lowest level considerable higher

7

As always… key success factors for Avanza

Employee engagement key

8

Financials

Q3 results

9

Financial overview

Q3-20

Q2-20

∆ %

Q3-19

∆ %

9M-20

9M-19

∆ %

Operating income, SEK m

575

526

9

313

84

1,643

865

90

Operating expenses, SEK m

-177

-185

-4

-148

19

-541

-478

13

Operating profit, SEK m

396

333

19

163

144

1,091

380

187

Operating margin, %

69

63

6

52

17

66

44

22

Income to savings capital ratio, %

0.48

0.52

-0.04

0.34

0.14

0.51

0.34

0.17

Costs to savings capital ratio, %

0.15

0.18

-0.03

0.16

-0.01

0.17

0.19

-0.02

ROE, %

55

56

-1

33

23

57

27

30

EPS, SEK

2.15

1.83

18

0.91

137

5.96

2.15

177

Quarterly revenue development

700

600

575

542 526

500

Revenue, SEK m

400

313

329

300

284

271

271

267

267

268

244

234

227

244

200

100

0

Q1-17Q2-17Q3-17Q4-17Q1-18Q2-18Q3-18Q4-18Q1-19Q2-19Q3-19Q4-19Q1-20Q2-20Q3-20

Total income

Net brokerage income

Income from mutual funds

Net interest income

Other commission income

11

Strong growth in number of commission generating customers

No of customers

  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
    0

12

Net brokerage strong correlated with Avanza's turnover on the stock exchange

Turnover, SEK m

13

  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
    0

Jan -17Mar-17May-17Jul-17Sep-17Nov-17 Jan -18Mar-18May-18Jul-18Sep-18Nov-18 Jan -19Mar-19May-19

Jul-19Sep-19Nov-19 Jan -20Mar-20May-20Jul-20Sep-20

Avanza's turnover on Nasdaq & First North

Net brokerage income

140

120

m

100

SEK

80

income,

brokerage

40

60

Net

20

0

Quarterly cost development

Operating expenses, SEK m

200

179

185

180

177

157

164

166

179

160

152

153

155

148

140

135

131

123

124

120

100

80

60

40

20

0

Q1-17Q2-17Q3-17Q4-17Q1-18Q2-18Q3-18Q4-18Q1-19Q2-19Q3-19Q4-19Q1-20Q2-20Q3-20

Total expenses

Non-reccuring items

Personnel

Marketing

Depreciation

Other expenses

14

Capitalisation

SEK m

30 September

30 June

31 December

2020

2020

2019

Total capital ratio

18.7%

17.1%

17.8%

Regulatory capital requirements*

12.0%

11.9%

13.9%

Capital requirements incl. internal buffers

14.0%

13.9%

15.9%

Liquidity coverage ratio (LCR requirement 1.0)

6.8

9.7

6.8

Leverage ratio (requirement of 3%, as of June 2021)

3.1%

2.8%

3.5%

* Including external buffers and Pillar 2 requirements

15

Disclaimer

Avanza Bank Holding AB published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 07:14:02 UTC


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Financials
Sales 2020 2 361 M 281 M 281 M
Net income 2020 1 351 M 161 M 161 M
Net Debt 2020 - - -
P/E ratio 2020 28,6x
Yield 2020 0,86%
Capitalization 38 739 M 4 626 M 4 618 M
Capi. / Sales 2020 16,4x
Capi. / Sales 2021 18,2x
Nbr of Employees 502
Free-Float 83,8%
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Technical analysis trends AVANZA BANK HOLDING AB (PUBL)
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 212,50 SEK
Last Close Price 250,00 SEK
Spread / Highest target 0,00%
Spread / Average Target -15,0%
Spread / Lowest Target -30,0%
EPS Revisions
Managers and Directors
NameTitle
Rikard Valdemar Josefson Chief Executive Officer
Sven Johan Gösta Hagströmer Chairman
Gunnar Jonny Olsson Chief Operating Officer
Peter Strömberg Chief Information Officer
Mattias Maximilian Miksche Independent Director
Sector and Competitors