1. Annika Falkengren President and CEO Result presentation
2010
2. Highlights Income Solid results given present macroeconomic
climate Provisions for credit losses Lower provisioning for credit
losses and no new NPL formation Nordic growth plan initiated 2
3. Profit and loss trend Profit and loss development Q1-08
Q1-10 (SEK bn) 11.4 9.9 9.4 7.2 6.1 6.4 2.4 3.2 1.9 Q1-10 Q1-10
Q1-10 Income Operating expenses Net credit losses Operating profit
(SEK bn) 4.0 3.5 2.4 2.5 1.8 1.1 0.6 0.4 0.6 Q1-08 Q2-08 Q3-08
Q4-08 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 3
4. Income statement Q1 2010 Profit and loss (SEK m) Q1-10 Q4-09
% Q1-09 % Total operating income 9,372 9,874 -5 11,430 -18 Total
operating expenses -6,367 -6,126 +4 -6,650 -4 Profit bef credit
losses & GW 3,005 3,748 -20 4,780 -37 Goodwill 0 0 -594 -100
Profit before credit losses 3,005 3,748 -20 4,186 -28 Net credit
losses etc -1,930 -3,184 -39 -2,384 -19 Operating profit 1,075 564
+91 1,802 -40 Operating income by type, Q1 vs. Q4 (SEK bn) +5% -10%
3.7 3.9 3.9 9% 9% 3.5 10% 10% 2% 41% -6% 0.9 1.0 0.9 0.9 37% Q4-09
Q1-10 Q4-09 Q1-10 Q4-09 Q1-10 Q4-09 Q1-10 Net interest Net fees and
Net financial Net life insurance income commissions income income
4
9. Nordic corporate banking expansion Norway Goals of Nordic
expansion Sweden #1 position in equities, FX Gain new large and The
#1 wholesale bank and corporate finance mid corporate clients
Maintain the leading Top three position in Improve corporate
banking position, further build on corporate banking franchise by
leveraging strong client relationships Enhance the strong existing
platform Create regional corporate banking position corporate hubs
further Finland Denmark #1 position in equities #1 position in
equities #2 in corporate banking Improved position as top Strong
investment 3 in corporate banking banking franchise and corporate
finance Go from supplier of Further strengthen advanced products to
corporate banking long-term core position relationship bank 9
10. Customers in focus Large corporates and institutional
clients Market share leader & Corporates Nordic stock exchanges
#1 FX House in the Nordic region Customer base +10% in Nordics
outside Sweden #1 in Nordic M&A Best Nordic bank for cash Lead
Manager (50% market share) management and bank Green Bond,
liquidity management World Bank Assets under Custody Institutions
+SEK 300bn in Q1. Back to 2007 levels Strong net sales within #1
Equity House in Best Sub Custodian Wealth: SEK 14bn the Nordics
Nordics & Baltics 10
11. Customers in focus Private and SME customers 300,000
customers joining Enkla vardagen "Best private banking New savings
account in Sweden Private with 1.05% interest rate 350 new private
banking clients Q1 Stable market share in a growing Swedish
Solution oriented products mortgage market Highest net inflow of
Life: +5% in new sales Equity & bonds funds Increasing market
share Assisting more than SMEs 400,000 SMEs group- wide SEK 76bn in
lending (+6%) 11
14. Swedish asset quality Private Corporate Loan-to-value Share
of portfolio Credit exposure Other >80% 4% Baltic 51-80% 21%
Germany Sweden 0-50% 75% 8bps Other Nordic loss rate Swedish
household interest payments Swedish bankruptcy rate 1990-2010 (as %
of disposable income) (number of bankruptcies per month) 2,500 12
10 2,000 8 1,500 6 1,000 4 2 500 0 0 1982 1985 1988 1991 1994 1997
2000 2003 2006 2009 2012 1985 1990 1995 2000 2005 2010 Source:
National statistical office, Riksbank, SEB Source: Datastream
14
15. SEB is well prepared for the new regulatory landscape Dec
Apr Summer Dec 2009 2010 2010 2010 2012 Consultative proposal
>250 answers in Quantitative analysis Decision the consultation
and consultation Leverage ratio Swedish mortgages Corporate
deposits Bank capital Supplementary Liquidity & Cyclical &
Additional risk redefined leverage ratios funding systemic effects
exposures 15
16. SEB is well prepared for the new regulatory landscape Dec
Apr Summer Dec 2009 2010 2010 2010 2012 .9% 3analysis Decision tio
1 .5% >250 answers in raQuantitative ier 1 and consultation
Consultative proposal T the consultation ra tio 5 ding age fun L
ever matched 7% ths tio 7 >18 mon serve ra To tal re Leverage
ratio Swedish mortgages Corporate deposits Bank capital
Supplementary Liquidity & Cyclical & Additional risk
redefined leverage ratios funding systemic effects exposures
16
17. Strong asset quality trends Investments in strong corporate
franchise Positioned for new regulatory environment 17