Annika FalkengrenPresident & CEO                         Result                    presentation                           ...
Highlights                                    Operating profit     Operating profit SEK 4.3bn                             ...
Profit and loss trend Profit and loss development Q2-09 – Q2-11 (SEK bn)                            9.5                   ...
Income statement Q2 2011 Profit and loss (SEK m)                                     Q2-11          Q1-11       %         ...
Net interest income developmentNII Q2 2008 – Q2 2011 (SEK bn)6543210Q2-08      Q3       Q4      Q1-09       Q2      Q3    ...
Commission income developmentFees & commissions Q2 2008 – Q2 2011 (SEK bn)543210Q2-08        Q3         Q4         Q1-09  ...
Net financial income development Reported Group NFI Q2 2008 – Q2 2011 (SEK bn)2.01.51.0                                   ...
Asset quality Credit losses Baltic region                                                       Credit losses* outside Bal...
Asset quality Continued NPL reduction in                         Low credit loss levels outside Baltics (SEK bn)          ...
Divisional performanceOperating profit Q2-11 vs. previous quarters (SEK m)               2,001                            ...
Geographic performanceOperating profit (SEK bn)Sweden                      Baltic countries             2.0    1.4        ...
Large corporatesNordic and German expansion* continues          Large cap          clients:                     +136      ...
SMEs and private customersMeeting customers’ advisory needs*                           No. SME customers**                ...
Private customersMeeting customers wherever they are       Branch offices:     Telephone bank:     Internet bank:        M...
Balance sheet strength          Strong capital generation                                                               Co...
Outlook 2011               Elevated short-term               macroeconomic risks      SEB maintains its strategic directio...
SEB – The leadingrelationship bank    in our part   of the world                    17
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SEB second quarter 2011 results presentation

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Presentation of the second quarter held by SEB's President and CEO

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SEB second quarter 2011 results presentation

  1. 1. Annika FalkengrenPresident & CEO Result presentation Q2 2011
  2. 2. Highlights Operating profit Operating profit SEK 4.3bn Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Credit volume Continued progress of corporate expansion plan +91bn Core Tier 1 Balance sheet stronger than ever 13.5% 2
  3. 3. Profit and loss trend Profit and loss development Q2-09 – Q2-11 (SEK bn) 9.5 5.9 0.6 Q2-11 Q2-11 Q2-11 Operating income Operating expenses Net credit losses Operating profit (SEK bn) 3.6 4.3 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 3
  4. 4. Income statement Q2 2011 Profit and loss (SEK m) Q2-11 Q1-11 % H1-11 H1-10 % Total operating income 9,529 9,672 -1 19,201 17,959 7 Total operating expenses -5,888 -5,841 1 -11,729 -11,538 2 Profit before credit losses 3,641 3,831 -5 7,472 6,421 16 Net credit losses etc 637 543 17 1,180 -2,459 nm Operating profit 4,278 4,374 -2 8,652 3,962 118 Operating income by type, Q2 vs. Q1 (SEK bn) 4.3 4.2 8% 3.5 3.6 9% 11% 10% 44% 1.2 0.8 0.8 0.8 37% Q1-11 Q2-11 Q1-11 Q2-11 Q1-11 Q2-11 Q1-11 Q2-11 Net interest Net fee and Net financial Net life insurance income commissions income income 4
  5. 5. Net interest income developmentNII Q2 2008 – Q2 2011 (SEK bn)6543210Q2-08 Q3 Q4 Q1-09 Q2 Q3 Q4 Q1-10 Q2 Q3 Q4 Q1-11 Q2NII by income type 2008 – Q2 2011 (SEK bn) 2.9 0.8 0.5Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2-08 -09 -10 -11 -08 -09 -10 -11 -08 -09 -10 -11 Lending Deposits Funding & other 5
  6. 6. Commission income developmentFees & commissions Q2 2008 – Q2 2011 (SEK bn)543210Q2-08 Q3 Q4 Q1-09 Q2 Q3 Q4 Q1-10 Q2 Q3 Q4 Q1-11 Q2Fees & commissions by income type Q2 2008 – Q2 2011 2.3(SEK bn, gross) 1.8 0.5 0.2Q2- Q4 Q2- Q4 Q2- Q4 Q2- Q2- Q4 Q2- Q4 Q2- Q4 Q2- Q2- Q4 Q2- Q4 Q2- Q4 Q2- Q2- Q4 Q2- Q4 Q2- Q4 Q2-08 09 10 11 08 09 10 11 08 09 10 11 08 09 10 11 New issues & advisory Secondary markets & Custody & mutual funds Payments, cards, lending, derivatives deposits & guarantees 6
  7. 7. Net financial income development Reported Group NFI Q2 2008 – Q2 2011 (SEK bn)2.01.51.0 Excluding0.5 German Retail hedge0.0 Q2-08 Q3 Q4 Q1-09 Q2 Q3 Q4 Q1-10 Q2 Q3 Q4 Q1-11 Q2Low risk trading orientationDaily trading income 2008 –Q2 2011. 41 negative out of 1,149 trading days. Average loss SEK 14mJan- Apr- Jul- Oct- Jan- Apr- Jul- Oct- Jan- Apr- Jul- Oct- Jan- Apr- Jul- 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11* Excluding Bond Investment Portfolio 7
  8. 8. Asset quality Credit losses Baltic region Credit losses* outside Baltic (SEK bn) region (SEK bn) 0.7 0.7 0.6 0.3 Q1- Q1- Q1- Q2 Q3 Q4 09 Q2 Q3 Q4 10 Q2 Q3 Q4 11 Q2 Q2 Q3 Q4 Q1- Q2 Q3 Q4 Q1- Q2 Q3 Q4 Q1- Q2 -0.1 0.0 0.0 09 10 11 -0.1 -0.2 -0.3 -0.4 -0.3 -0.3 -0.5 -0.4 -0.5 -0.6 -0.6 -0.9 -0.8 -0.8 -1.4 -1.7 -2.6 -2.6 -2.6 Group credit loss level Q2 2011 -20bps* Continuing operations 8
  9. 9. Asset quality Continued NPL reduction in Low credit loss levels outside Baltics (SEK bn) Baltics (bps) Q1-10 Q2 Q3 Q4 Q1-11 Q2 22 18 17 -0.1 14 13 -0.5 10 9 6 -0.9 -0.9 5 5 4 -1.0 1 -1.2 2006 2007 2008 2009 2010 H1 2011 ~SEK 1bn Nordics Germany reduction per quarter Group credit loss level Q2 2011 -20bps* Continuing operations 9
  10. 10. Divisional performanceOperating profit Q2-11 vs. previous quarters (SEK m) 2,001 997 648 507 309 Merchant Banking Retail Banking Wealth Management Life Baltic -450 +572 +679 (Credit provisions) Q2-10 Q1-11 Q2-11 10
  11. 11. Geographic performanceOperating profit (SEK bn)Sweden Baltic countries 2.0 1.4 1.0 1.1 Q1-11 Q2-11 Q1-11 Q2-11Denmark, Finland, and GermanyNorway 0.9 0.9 0.3 0.4 Q1-11 Q2-11 Q1-11 Q2-11 11
  12. 12. Large corporatesNordic and German expansion* continues Large cap clients: +136 Mandated lead arranger MLA/bookrunner EUR 2,000m EUR 750m Client +94 executives: Mandated lead arranger MLA/bookrunner Loans and +91bn EUR 1,300m EUR 2,000m commitments:Best Bank Top FX-provider Best Sub-custodian BankBest M&A House Best supplier of Trading and Best Supply Chain FinanceBest Cash Management House Capital Markets Operations Provider* Statistics since launch of expansion 1 Jan 2010 12
  13. 13. SMEs and private customersMeeting customers’ advisory needs* No. SME customers** new lending 120,000 +14bn volumeSMEs 100,000 80,000 market share 60,000 40,000 20,000 +0.1% gain per month new SME 0 2005 2007 2009 ** Cash management SME customers Q2 2011 5,000 customers** Mutual fund sales Sweden*** private +7bnPrivate 70 SEB deposits 50 fixed-rate 48% mortgages 30 10 -10 Private Banking -30 2005 2007 2009 2011 *** Cumulative incl PPM (Svensk Fondstatistik) +17bn AuM inflow* Statistics for H1 2011 13
  14. 14. Private customersMeeting customers wherever they are Branch offices: Telephone bank: Internet bank: Mobile banking: 965,000 visits 1.2 million calls 33.2 million visits 3.2 million visits* Statistics for H1 2011 14
  15. 15. Balance sheet strength Strong capital generation Core Tier 1 ratio 13.5% Core Tier 1 ratioCapital Dec-10 Jun-11 (Full Basel II) Tier 1 ratio 15.6% 12.2% 13.5% >2 years matched funding Long-term funding raised (SEK bn) Leverage ratio 16x (FDIC) 50Funding 40 30 Reserve ratio 65% 20 10 78bn 0 Liquidity reserve SEK 467bn Q1- Q2 Q3 Q4 Q1- Q2 10 11 15
  16. 16. Outlook 2011 Elevated short-term macroeconomic risks SEB maintains its strategic direction and growth plans are on track Balance sheet strength ensures SEB can continue to support customers 16
  17. 17. SEB – The leadingrelationship bank in our part of the world 17
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