accelerating into the future johan torgeby, president & ceo · a well-diversified business 2...

Accelerating into the FutureJohan Torgeby, President & CEO

A Well-Diversified Business

2

2,300Large

Corporations

700Financial

Institutions

400kSmall & Medium-Sized Companies

4mPrivate

Individuals

66%

31%

3% Corporate Customers &Institutions

Private Customers

Non-Customer Driven

SEB Operating Profit 2017Based on Customer Segment

56%

10%

9%

8%5%

5%4%3%

SwedenBalticsDenmarkNorwayFinlandGreat BritainGermanyOther

SEB Operating Profit 2017 Based on Geography

39%

36%

9%

16%Large Corporates &Financial Institutions

Corporate & PrivateCustomers

Baltic

Life & InvestmentManagement

SEB Operating Profit 2017Based on Organisational Structure

SEB During First Six Months 2018

Operating Profit (SEKbn)1

RoE (%)1

C/I CET1 (%)

Assets under Management

(SEKbn)

Assets under Custody(SEKbn)

Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3

Deposits from the Public

(SEKbn)

1,202

3

1 Operating profit and RoE before items affecting comparability.



RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

4


2014 2015 2016 2017 2018 (ann.)

SEB Operating Profit (SEKbn) 1

20.4 21.8 20.322.7 22.8

11.4



RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

5




RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

6


13.1% 12.9%

11.3%

12.9%13.9%

2014 2015 2016 2017 2018 H1

SEB Return on Equity 1



RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

7




RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

8


0.50 0.49 0.50 0.48 0.48

2014 2015 2016 2017 2018 H1

SEB Cost/Income



RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

9




RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

10


16.3%

18.8% 18.8% 19.4% 19.3%

2014 2015 2016 2017 2018 H1

SEB CET1



RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

11




RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

12


1.708 1.700 1.781 1.830 1.838

2014 2015 2016 2017 2018 H1

SEB Assets under Management (SEKbn)



RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

13




RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

14


6.763 7.196 6.859

8.046 8.169

2014 2015 2016 2017 2018 H1

SEB Assets under Custody (SEKbn)



RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

15




RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

16


1.356 1.3531.453 1.485

1.654

2014 2015 2016 2017 2018 H1

SEB Loans to the Public (SEKbn)



RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

17




RoE (%)1

C/I CET1 (%)


(SEKbn)


Loansto the Public

(SEKbn)

1,838 8,169 1,654

11.4 13.9 0.48 19.3


(SEKbn)

1,202

18


943884

962 1,005

1,202

2014 2015 2016 2017 2018 H1

SEB Deposits from the Public (SEKbn)

SEB Corporate Activity Picking Up

19

0

200

400

600

800

1,000

1,200

dec/09dec/10dec/11dec/12dec/13dec/14dec/15dec/16dec/17

SEK

bn

Corporates including Public Administration

Real Estate Management

Households including Housing Co-Ops

Growth in Swedish Corporate Lending Volumes Development of SEB Credit Portfolio by Sector

-10%

-5%

0%

5%

10%

15%

20%

jan/00 jan/02 jan/04 jan/06 jan/08 jan/10 jan/12 jan/14 jan/16 jan/18

SEB Growth (YoY, 12m rolling avg.)

Total Market Growth (YoY, 12m rolling avg.)

Source: Statistics Sweden (SCB).

+11%YoY

+4%YoY

+5%YoY

7.2%

5.8%

-15

-10

-5

0

5

10

60

65

70

75

80

85

jan/05 jan/07 jan/09 jan/11 jan/13 jan/15 jan/17

Capacity Utilisation in Manufacturing Industry 1

Capacity Utilisation in Manufacturing Industry (%, LHS)

Investments (Annual % Change, RHS)

Indicators of Continued Positive Business Cycle

20

-10

0

10

20

30

40

jan/05 jan/07 jan/09 jan/11 jan/13 jan/15 jan/17

Capital Expenditure Plans Next 3 to 6 Months

Hiring Plans Next 3 Months (Net)

Capital Spending and HiringUS

Capacity Utilisation and Investments EMU

0

10

20

30

40

50

2016 H1 2016 H2 2017 H1 2017 H2 2018 H1

Sweden CAPEX Plans

EMU CAPEX Plans

Investment Optimism EMU and Sweden

Source: National Federation of Independent Business. Source: Eurostat. Source: SEB/Deloitte CFO Survey.

SEB Profitable, Efficient and Well-Capitalised

21

0.0

0.2

0.4

0.6

0.8

1.0

0 5 10 15 20

C/I1

RoE (%)1

Predominantly Retail and SME Banks Universal Banks with Retail and Investment Banking

0.0

0.2

0.4

0.6

0.8

1.0

0 5 10 15

C/I1

RoE (%)1

1 Data as of H1 2018; SEB excluding items affecting comparability, remaining banks as reported.

Size of Bubble = CET 1 Ratio Size of Bubble = CET 1 Ratio

https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjZoNeA19HdAhUGuIsKHXmhDPsQjRx6BAgBEAU&url=https://freebiesupply.com/logos/citibank-logo/&psig=AOvVaw1z5K5uJYC_2_J-9EkxFJgm&ust=1537811119655219

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Speed of Transformation Is Accelerating

Client-centricorganisation Micro finance fund

6th launch

Green mortgages

MiFID IIIFRS 9

Innovation Lab

Data lake

Robo advisor

Digital onboarding & signing

Digital mortgages

Experience Centre

Agile all in

2016

P27

22

SEBx

Developerportal

RPDs

2017 2018

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwijiJXgpqLdAhUKCSwKHZaJDngQjRx6BAgBEAU&url=http://www.ultracoloringpages.com/de/p/tropfen-ausmalbilder/ca168ed7b106ed4b7bc4675816b8041b&psig=AOvVaw1S4WoQ0c_PRYc-898gBzzx&ust=1536183190244669

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwijiJXgpqLdAhUKCSwKHZaJDngQjRx6BAgBEAU&url=http://www.ultracoloringpages.com/de/p/tropfen-ausmalbilder/ca168ed7b106ed4b7bc4675816b8041b&psig=AOvVaw1S4WoQ0c_PRYc-898gBzzx&ust=1536183190244669

https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwia2tjb2qTdAhUKiCwKHdB1D1cQjRx6BAgBEAU&url=https://commons.wikimedia.org/wiki/File:Assa_Abloy.svg&psig=AOvVaw2QRt5wu33E9UOCzwD2pqQD&ust=1536265919740635

https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwia2tjb2qTdAhUKiCwKHdB1D1cQjRx6BAgBEAU&url=https://commons.wikimedia.org/wiki/File:Assa_Abloy.svg&psig=AOvVaw2QRt5wu33E9UOCzwD2pqQD&ust=1536265919740635

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http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiDwOabqKLdAhXDJSwKHbfaAw0QjRx6BAgBEAU&url=http://kollpakontot.blogspot.com/2018/06/revolut.html&psig=AOvVaw3E7n9XfKi_BH1mn9E_Tshf&ust=1536183655191018

…and Customers Like It

Corporate & Private CustomersCustomer Satisfaction (NPS)

Large Corporates & Financial InstitutionsCustomer Satisfaction (Prospera, Ranking)

23

2015 2016 2017 2018

Large Corporates

Sweden 1 1 1 N/A

Nordics 2 2 3 N/A

Financial Institutions

Sweden 2 1 1 N/A

Nordics 4 1 2 N/A

2015 2016 2017 2018 YTD 1

Corporate Customers

Advisory 43 49 43 51

Teller 13 2 10 20

Private Customers

Advisory 33 40 44 48

Teller 17 21 22 28

1 Data as of August 2018.

The Journey Towards…

…World-Class Service to Our Customers Continues

accelerating into the future johan torgeby, president & ceo · a well-diversified business 2...

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