![Page 1: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/1.jpg)
Accelerating into the FutureJohan Torgeby, President & CEO
![Page 2: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/2.jpg)
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
![Page 3: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/3.jpg)
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.
![Page 4: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/4.jpg)
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
4
1 Operating profit and RoE before items affecting comparability.
2014 2015 2016 2017 2018 (ann.)
SEB Operating Profit (SEKbn) 1
20.4 21.8 20.322.7 22.8
11.4
![Page 5: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/5.jpg)
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
5
1 Operating profit and RoE before items affecting comparability.
![Page 6: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/6.jpg)
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
6
1 Operating profit and RoE before items affecting comparability.
13.1% 12.9%
11.3%
12.9%13.9%
2014 2015 2016 2017 2018 H1
SEB Return on Equity 1
![Page 7: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/7.jpg)
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
7
1 Operating profit and RoE before items affecting comparability.
![Page 8: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/8.jpg)
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
8
1 Operating profit and RoE before items affecting comparability.
0.50 0.49 0.50 0.48 0.48
2014 2015 2016 2017 2018 H1
SEB Cost/Income
![Page 9: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/9.jpg)
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
9
1 Operating profit and RoE before items affecting comparability.
![Page 10: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/10.jpg)
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
10
1 Operating profit and RoE before items affecting comparability.
16.3%
18.8% 18.8% 19.4% 19.3%
2014 2015 2016 2017 2018 H1
SEB CET1
![Page 11: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/11.jpg)
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
11
1 Operating profit and RoE before items affecting comparability.
![Page 12: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/12.jpg)
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
12
1 Operating profit and RoE before items affecting comparability.
1.708 1.700 1.781 1.830 1.838
2014 2015 2016 2017 2018 H1
SEB Assets under Management (SEKbn)
![Page 13: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/13.jpg)
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
13
1 Operating profit and RoE before items affecting comparability.
![Page 14: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/14.jpg)
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
14
1 Operating profit and RoE before items affecting comparability.
6.763 7.196 6.859
8.046 8.169
2014 2015 2016 2017 2018 H1
SEB Assets under Custody (SEKbn)
![Page 15: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/15.jpg)
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
15
1 Operating profit and RoE before items affecting comparability.
![Page 16: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/16.jpg)
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
16
1 Operating profit and RoE before items affecting comparability.
1.356 1.3531.453 1.485
1.654
2014 2015 2016 2017 2018 H1
SEB Loans to the Public (SEKbn)
![Page 17: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/17.jpg)
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
17
1 Operating profit and RoE before items affecting comparability.
![Page 18: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/18.jpg)
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
18
1 Operating profit and RoE before items affecting comparability.
943884
962 1,005
1,202
2014 2015 2016 2017 2018 H1
SEB Deposits from the Public (SEKbn)
![Page 19: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/19.jpg)
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%
![Page 20: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/20.jpg)
-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.
![Page 21: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/21.jpg)
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
![Page 22: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/22.jpg)
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
![Page 23: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/23.jpg)
…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.
![Page 24: Accelerating into the Future Johan Torgeby, President & CEO · A Well-Diversified Business 2 2,300 Large Corporations 700 Financial Institutions 400k Small & Medium-Sized Companies](https://reader034.vdocuments.us/reader034/viewer/2022042417/5f333bc8e4081c65053eac02/html5/thumbnails/24.jpg)
The Journey Towards…
…World-Class Service to Our Customers Continues