CEMBRA MONEY BANK AG Cembra
A leading player in financing solutions and services in Switzerland
Investor presentation September 2022
Agenda
- Cembra at a glance
- H1 2022 results
- Outlook
Appendix
2 | September 2022 | Investor presentation | Cembra |
Cembra at a glance
About Cembra
A leading provider of financing solutions and services in Switzerland
Over 1 million customers | Decades of experience in | Leading positions | Excellent track record | |||
in Switzerland | Swiss consumer finance | in selected markets | on execution | |||
Outstanding | |||||||||||||
15.9% | 4% | +66% | 0.5% | ||||||||||
performance | |||||||||||||
since IPO | average ROE | annual dividend growth | customers | average NPL1 | |||||||||
in 2013 | |||||||||||||
Three | Resilient | Strong ESG | |||||||||||
successful M&A transactions, and | business model in all economic | performance, as affirmed by | |||||||||||
cashgate integrated in 11 months | environments (Covid-19, financial | leading ESG rating agencies2 | |||||||||||
crisis) | |||||||||||||
1 Non-performing loans | 2 ESG: See page 8 for details
3 | September 2022 | Investor presentation | Cembra |
Cembra at a glance
Market positions
Serving more than 1 million customers in Switzerland
Personal loans: 40% market share
June 2022, personal loan receivables
Cembra | ||
(40%) | • | Bank-now |
• | Migros Bank | |
• | Other |
Leader in personal loans segment
- 9 branches all over Switzerland
- Diversified distribution channels: branches, online, independent agents/partners
- Premium pricing supported by superior personalised service
-
Strong dual brand positioning
- Cembra & cashgate
Auto business: 21% market share
June 2022, leasing receivables
CaptivesIndependent
Bank-now
Cembra (21%)
Strong independent player
- Strong independent player - no brand concentration
- Partnerships with about 3,800 dealers
- Focus on used cars: ~34% new and ~66% used cars in portfolio
- Dedicated field sales force with four support centres
Credit cards: 13% market share
April 2022, credit cards issued
Cembra | • | Swisscard (CS) |
• | Viseca (Aduno) | |
(13%) |
• Cornèr Bank
• Postfinance
• UBS
Attractive portfolio of 1.1m cards
- High customer value leading to above-average card usage
- 13% market share in transaction volumes
- 20% market share in contactless payments
- Launch of new proprietary credit card offering Certo! in July 2022
BNPL1: 10-20% market share
2022 (own estimates)
Cembra | ||
(10-20%) | • | availabill |
• | Bobzero | |
• | Byjuno | |
• | MF Group |
• Klarna
Growth segment Buy now pay later
- Buy now pay later (BNPL): purchase by invoice (online & offline) and invoice financing
- Strong BNPL market growth (20- 30% p.a.) expected
- 1.0m active Swissbilling customers (+17% since Dec'21)
-
1.0m total invoices processed in
H1 2022 (+26%), including 0.6m
BNPL
1 Buy now pay later
4 | September 2022 | Investor presentation |
Cembra
Cembra at a glance
Credit cards
Transition of credit card customers to Certo! progressing as expected
Strategic priorities
Retention
- Attractive migration value proposition
- Service and retention teams operational
- NPS1, customer insights, predictive analytics
- Targeted migration offers and communications approach
Growth
- Provide attractive new B2C value proposition
- Increase penetration with existing partners
- New partnerships
- Opportunity to leverage customer base
1 Net promoter score
Extended offering
Co-branding propositions (B2B2C)
- Partnerships strengthened with FNAC and Conforama, and onboarded retail chain SPAR
- Increasing demand for embedded finance
Proprietary credit card propositions (B2C)
- Products launched on 1 July 2022
- Cembra app enabling seamless experience
- Marketing campaigns ongoing
Migration offer | Cembra App |
Open market product
Reiterated guidance
- Cembra expects to retain a large portion of cards issued
- Cembra expects cards assets and revenues to at least be in line with pre-Covid (FY 2019) levels from 2023 on
Cards net financing receivables
In CHF bn
1.5 | 1.0 | 1.0 | 1.0 | 1.1 | ||
1.0 | Pre-Covid level | |||||
0.5 | ||||||
0.0 | ||||||
2019 | 2020 | 2021 | H1 2022 |
Cards revenues
In CHF m
200 | 181 | 155 | 165 | Pre-Covid level | ||
150 | ||||||
101 | 80 | |||||
100 | 71 | 91 | ||||
50 | 84 | 85 | 48 | |||
79 | ||||||
44 | ||||||
0 | ||||||
2019 | 2020 | 2021 | H1 2022 | |||
5 | September 2022 | Investor presentation | Cembra |
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Cembra Money Bank AG published this content on 05 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2022 13:49:03 UTC.
