OVERVIEW OF FINANCIAL RESULTS FOR THE 1ST QUARTER OF 29 29 April 29
DISCLAIMER This presentation has been prepared for information purposes only to be used by Noble Bank S.A. s customers and shareholders and by market analysts, and may not be considered as an offer or recommendation to execute any transactions. The information contained in this presentation is based on publicly available, reliable sources. However, Noble Bank S.A. cannot guarantee that this information is complete. Noble Bank S.A. takes no responsibility for the consequences of any decisions based on any information contained in this presentation. The information contained in this presentation has never been subject to independent verification and may at any time be subject to change or modification. The publication by Noble Bank S.A. of the figures contained in this presentation in not a breach of the regulations applicable to companies whose shares are traded on a regulated market. The information provided in this presentation has already been disclosed in current or periodic reports submitted by Noble Bank S.A. or constitutes an addition to those reports, and its publication does not require the bank to fulfil the obligation to provide information as imposed on the bank as a public company. The content of this presentation may not, in any case, be interpreted as an express or implied statement or assurance made by the company or its representatives. In addition, neither the company nor its representatives may be held liable, in any way (as a result of negligence or for any other reason) for any loss or damage that might arise in connection with use of this presentation or any content of this presentation or that might arise in any other way in connection with the information contained in this presentation. n the event of a change to the company s strategy or intentions or in the event of unexpected facts or circumstances affecting the company s strategy or intentions, the company is not responsible for informing the public of any possible modifications or changes to any information, data or statements provided in this presentation. This presentation contains information relating to the Polish banking sector, including information on the company s market share. Except for information described as based on other sources only, the market-related information referred to above has been prepared based on data from the sources of the third persons named in this document and includes estimates, assessments, corrections and opinions based on the company s experience and knowledge of the sector in which the company operates. Since the market-related information referred to above has in part been prepared based on estimates, assessments, corrections and opinions and has not been verified by independent third persons (except for information described as based on the sources of third persons), the information is, to some degree, subjective in nature It is presumed that the above estimates, assessments, corrections and opinions are based on reasonable grounds and that the market-related information properly reflects the situation in the banking sector and in the markets in which the company operates. However, it is not certain that the estimates, assessments, corrections and opinions are the most appropriate basis for conclusions relating to market information or that market information prepared by other sources will not be considerably different from the market-related information contained in this presentation. Please note that the only reliable source of information on the situation of Noble Bank S.A., forecasts, events, financial results and indicators is the current and periodic reports submitted by Noble Bank S.A. as part of its obligation to provide information. 2
Q1 29 - KEY ACHIEVEMENTS CHANGE* FIGURES AS AT THE END OF THE 1ST QUARTER OF 29 +8.3% Branches (78) -3.3% Group s equity** (PLN 661m) +8.4% Group s consolidated profit** (PLN 4.2m) +25.8% Group s total assets (PLN 7.1bln) +22.8% Loans (PLN 4.7bln) +48.7% Deposits (PLN 5.1bln) * Compared to 31 December 28 ** attributable to shareholders in the controlling company 3
EXPANDING DISTRIBUTION NETWORK NOBLE BANK GROUP BRANCHES IN POLAND Number of branches 4Q 28 1Q 29 Open Finance 39 41 Open Direct 26 29 Noble Bank 8 8 Total 73 78 Number of advisers 4Q 28 1Q 29 Open Finance & Open Direct 58 558 Noble Bank 31 39 Total 539 597 4
DISTRIBUTION OF INCOME, NET PROFIT IN 1Q 29 / 1Q 28 INCOME BY COMPANY 119.5% CONSOLIDATED NET PROFIT OF THE GROUP COMPANIES 8.4% PLN, 3 65.5 5.8 1.3.8 3.1 291.1 PLN, 25 2 5 214.6 4.1 3.9 4 8.4 37.1 16.5 2.6 1.3.1.1 7.3 4.2 15 39.3 8.5 132.6 3 28.5 26.9 1 84.8 2 5 1 1Q 28 1Q 29 1Q 28 1Q 29 Noble Bank* Open Finance Noble Funds TFI Noble Bank Open Finance Introfactor Noble Concierge Grupa Noble Funds TFI Introfactor Panorama Finansów Exclusions from consolidation Consolidated profit** 5 * excluding dividend income received from Open Finance and Noble Funds TFI Noble Concierge Panorama Finansów ** attributable to shareholders in the controlling company
SALES OF INVESTMENT PRODUCTS 27 PLN, 2 714 226% 24 PLN, 21 2 81 3 2 714 18 25 15 12 9 6 3 832 775 987 944 1 293 1 271 2 44 2 695 2 15 1 5 832 775 2 695 57 43 22 37 19 57 19 1Q 28 2Q 28 3Q 28 4Q 28 1Q 29 1Q 28 1Q 29 Bank s own products External partners products Volumes continued to grow strongly, mostly due to the Bank s own deposits. The deposits accepted will be used to convert clients into high-margin investment products in the following quarters. 6
OPEN FINANCE BUSINESS OPERATIONS SALES OF FINANCIAL PRODUCTS THROUGH OPEN FINANCE COMMISSION INCOME FOR INTERMEDIATION 7 PLN, 2.5% 6 49 7 PLN, 65% 66 1 6 5 386 1 39 66% 6 5 4 686 5 4 4 45 3 2 4 7 5 1 1 58 139 2 55 913 3 2 1 3 1 1 369 1 592 1 2 1Q-4Q 27 1Q-4Q 28 1Q 28 1Q 29 1Q 28 1Q 29 Total investments Total loans Commission - other Commission - investments Commission - loans 7
NOBLE FUNDS TFI BUSINESS OPERATIONS TOTAL VALUE OF ASSETS UNDER MANAGEMENT In the fourth quarter of 28, the value of Noble Funds FIO s assets increased by 6.94%. In the same period, the value of assets in the Polish market decreased by 5.74%, according to the Chamber of Fund and Asset Management (IZFiA). 2 PLN, The increase in the value of assets is the result of, among other things, extending the company s product range and closely working with its distributors. 15 1 533.8 49.6 1 145.2 1 261.5 936. 15.7 869.7 132.2 915.4 139.6 97.5 14.9 5 1 124.2 883.7 785.3 737.5 775.8 829.6 4Q 27 1Q 28 2Q 28 3Q 28 4Q 28 1Q 29 Asset management Retail funds 8
METROBANK BUSINESS OPERATIONS 22% 45 MORTGAGE LOANS AT METROBANK 38% In the 1st quarter of 29 Metrobank provided mortgage loans of more than PLN 367 million. 4 36% Metrobank s loan portfolio increased to PLN 4.6 billion 35 3 3% Steadily returning to 28 loan sales levels 25 4% 4 593 2 3 774 15 2 731 1 2 4 1 544 5 412 666 748 23 367 Loans provided Mortgage loan portfolio 9 1Q 28 2Q 28 3Q 28 4Q 28 1Q 29
EXPECTED STRUCTURE OF THE LOAN PORTFOLIO BY CURRENCY 1% 4.6 bln 5. bln 5.4 bln 5.8 bln 9% 8% 15%* 2%* 26%* 31%* 7% 6% 5% 4% 85%* 8%* 74%* 69%* 3% 2% 1% % *Hypothetical growth of the currency structure of the loan portfolio with an expected growth by PLN 4m in each quarter only for loans in the Polish currency (provided that exchange rates are at today s levels). 1Q 29 2Q 29 3Q 29 4Q 29 PLN FX 1
DEPOSIT STRUCTURE BY TERM UNIQUE DEPOSIT PORTFOLIO STABILITY AS COMPARED TO THE MARKET 5% 4% 3% 2% 43% 28% 1% 4% 4% 4% 19% 11% 12% 19% 16% 18% 5% 1% 16% Current account deposits The market Up to 1 month 1 to 3 months 3-6 months 6-12 months 12-24 months Over 24 months Noble Bank Source: Nantional Bank of Poland; Parkiet 11
HIGH AND SECURE SOLVENCY RATIO Noble Bank has sufficient capital to continue its fast growth of loan sales. Allowing for dividend payment, the solvency ratio is higher than the average level. 15% 1% 13.8% 12.9% 12.5% 12.3% 11.3% 11.1% 1.7% 1.4% 1.2% 1.% 8.8% 5% Noble Bank Bank Handlowy BOŚ BPH PKO BP Pekao SA BZ WBK ING Bank Millenium BRE Kredyt Bank 12 * Source: Rzeczpospolita, figures as at the end of 28
APPENDICES
KEY FINANCIAL FIGURES PLN 1Q 29 Percentage Share. 1Q 28 Percentage Share / Change Consolidated net profit* 4 225 --- 37 143 8.3% Profit share (non-consolidated): Noble Bank** 26 98 56.6% 28 515 69.4% Open Finance 16 59 34.8% 8 442 2.5% TFI 2 574 5.4% 4 149 1.1% Panorama Finansów 1 345 2.8%.% Introfactor 59.1%.% Noble Concierge 18.2%.% Group s Return on Equity (ROE) 25.9% --- 28% -2.1 pp Noble Bank s Return on Equity (ROE) 27.2% --- 29.9% -2.6 pp Group s Return on Assets (ROA) 2.3% --- 5.1% - 2.8 pp Noble Bank s Return on Assets (ROA) 2.3% --- 5.% - 2.7 pp Noble Bank s C/I** 21.2% --- 13.8% 7.4 pp Group s C/I 52.7% --- 4.9% 11.8 pp Bank s solvency ratio*** 11% --- 13.4% - 2.4 pp * attributable to shareholders in the controlling company ** excluding dividend income received from Open Finance S.A. and Noble Funds TFI S.A. *** calculated as at 31 March 29 and 31 December 28 14
KEY FINANCIAL FIGURES 31 March 29 31 Dec. 28 Change (%) Equity 664 58 648 77 2.4% Balance sheet total 7 6 371 5 577 13 26.6% Amounts due from customers 4 756 722 3 874 59 22.8% Amounts due to customers 5 166 724 3 483 511 48.3% Solvency ratio 12.8%** 13.4% -2.4% 1Q 29 1Q 28 Change (%) Profit from banking activities 117 955 7 778 66.7% Costs of operations 24 952 1 972 127.4% Net profit 78 68 58 515 34.3% C/I (incl. dividend)* 21.19% 13.8% 7.4% 15 * * including dividend income received from Open Finance S.A. and Noble Funds TFI S.A ** including the profit for the 1st quarter of 29
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