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FY 2024 Results Published on 31 January 2025 at 07:00 CET According to IFRS, Consolidated, Unaudited MANDATORY DISCLOSURE / PUBLIC DISCLOSURE OF MANDATORY INFORMATION
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FY 2024 YTD KEY HIGHLIGHTS (in CZK) 2 5.8bn Net profit 5.7bn Operating expenses 12.9bn Operating income 275bn Net loan portfolio 452bn Funding base 495bn Total assets • Operating income of CZK 12.9 billion (+6.3%) supported by growth in net interest income (+4.0%) and net fee and commission income (+16.6%) • Operating expenses maintained stable at CZK 5.7 billion despite persisting inflationary pressure in the labour market • Net profit of CZK 5.8 billion (+11.7%) exceeds a full-year minimum profitability target of CZK 5.2 billion by CZK 0.6 billion • Total assets reached CZK 495 billion (+8.0%), driven by the expansion of client deposits (+7.7%) and the successful issuance of MREL eligible bonds +6.3% stable +8.9%+8.0% +4.7% Note: Percentage change represents movement compared to FY 2023 or 2023 year-end. +11.7%
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FY 2024 YTD KEY HIGHLIGHTS (in CZK) 3 5.1bn 5.5bn Excess capital1 18.2% Capital adequacy ratio 48.0% 2024 Total shareholder return • Capital adequacy ratio at 18.2%, which is 3.2% above management target and corresponding to excess capital of CZK 5.5 billion1 • MREL ratio of 27.0% reinforced by EUR 300 million senior preferred bond issuance in September’24 • Return on Tangible Equity at 20.4% (+2.4pp) exceeds a full-year minimum target of 17% by 3.4pp • Dividend proposal of CZK 10 per share (CZK 5.1 billion)2 to be decided by shareholders on 24 April 2025 Note: (1) Excess capital above the capital management target of 15.05% as at 31 December 2024 and after proposed dividend of CZK 5.1 billion; (2) Subject to corporate, regulatory and regulator´s limitations and shareholders’ approval at the General Meeting to be held on 24 April 2025. 27.0% MREL ratio Proposed dividend2 Excess 3.2% Excess 5.0% CZK 10 per share vs 35.7% in 2023 20.4% Return on Tangible Equity +2.4pp CZK 10.8 per share
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MONETA outperformed its guidance across, on net profit by CZK 0.6 billion or 11.7% and operating income by CZK 0.5 billion or 4.1% 2024 MARKET GUIDANCE AND RESULTS Note: (1) Market guidance as published on 2 February 2024. Metrics 2024 guidance1 2024 results Variance guidance vs results Total operating income (CZK bn) 12.4 12.9 4.1% +0.5 Total operating expenses (CZK bn) (5.8) (5.7) (1.3)% +0.1 Operating profit (CZK bn) 6.6 7.2 8.9% +0.6 Cost of risk (bps) (10-30) (14) - - NET PROFIT (CZK bn) 5.2 5.8 11.7% +0.6 Earnings per share (CZK) 10.2 11.4 11.7% +1.2 Return on Tangible Equity 17.0% 20.4% 19.8% +3.4pp 4 2024 market guidance versus final results
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Q Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix Branch office: Olomouc CONTENT
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Czech economy grew by 1.4%; unemployment remains stable; state budget deficit came at CZK 271 billion, lower than expected by CZK 11 billion Note: (1) Source: GDP at constant prices of 2020 based on the Czech Statistical Office (CZSO); GDP at current prices – 3Q 2023: CZK 1,913bn, 4Q 2023: CZK 1,927bn, 1Q 2024: CZK 1,965bn, 2Q 2024: CZK 1,997bn, 3Q 2024 : CZK 2,016bn; GDP Y/Y % change: 3Q 2023–3Q 2024 actuals based on the CZSO seasonally adjusted and FY 2024 CNB forecast; (2) Euro area data: www.ec.europa.eu/eurostat as at 22 January 2025; (3) ILO methodology, 2024F based on the CNB forecast issued in Autumn 2024; (4) Source: www.mfcr.cz. 6 GDP evolution1 (CZK bn) Unemployment rate: Czech Statistical Office3 Government debt in % of GDPat current prices2 State budget deficit of the Czech Republic4 (CZK bn) MACROECONOMIC ENVIRONMENT 2023: 2.6% Nov’2024: 2.8% 2024F: 2.7% 2023: (0.1)% 2024F: 1.1% 97.2 94.8 89.5 88.6 88.2 36.9 40.7 42.5 42.4 43.6 2020 2021 2022 2023 3Q 2024 EURO area - 20 countries Czech Republic 1,577 1,597 1,476 1,595 1,610 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 (0.3)% 0.1% 0.5% 0.5% 1.4% GDP Y/Y % changeGDP at constant prices 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 2.7% 2.6% 2.8% 2.6% 2.7% (419.7) (360.4) (288.5) (271.4) (241.0) 2021 2022 2023 2024 2025F
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Inflation on a descending trajectory towards the CNB inflation target of 2%; the key rate decreased to 4.0% Source: CZSO, Bloomberg. Note: (1) Inflation rate as an increase in the average annual Consumer price index; (2) Consumer pri ce index calculated as an increase in the CPI compared with the corresponding month of the preceding year; (3) Composed of short -term PRIBOR and swap market indication from 1 year and longer maturity. 7 Inflation and consumer price index1 (year-over-year % change) Contribution to inflation by item1 2W repo rate (end of period) Market yield curve3 MACROECONOMIC ENVIRONMENT 3.2% 2.3% 6.6% 3.0% 4.0% 5.0% 6.0% 7.0% 1D 1W 2W 1M 2M 3M 6M 9M 12M 2Y 3Y 4Y 5Y 6Y 7Y 8Y 9Y 10Y 12Y 15Y 20Y 30Y Swap as of 31 Dec 2024 Swap as of 31 Dec 2023 6.9% Dec’2023 % contribution Dec’2024 % contribution Dec’2024 Y/Y price change % Food and beverages 0.4 0.7 2.7 Clothing and footwear 0.2 0.0 (0.7) Housing, energy 4.7 1.1 3.4 Health 0.2 0.1 3.9 Transport, telecommunication 0.1 0.1 1.2 Recreation, culture, education 0.5 0.4 1.4 Restaurants and hotels 0.5 0.4 6.8 Other 0.3 0.2 3.5 Total 6.9 3.0 3.0 End of period change2 15.8% 3.0% 0.0 5.0 10.0 15.0 2.8% 2019 3.2% 2020 3.8% 2021 15.1% 2022 10.7% 2023 2.4% 2024 3.75% 12/21 4.50% 03/22 7.00% 06/22 7.00% 11/23 6.75% 12/23 6.25% 02/24 5.75% 03/24 5.25% 05/24 4.75% 06/24 4.50% 08/24 4.25% 09/24 4.00% 11-12/ 2024 2% the CNB inflation target
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Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix Branch office: Chomutov CONTENT
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OVERALL BUSINESS PLATFORM Note: Numbers as at 31 December 2024. The percentage represents the year -on-year change. (1) Out of which 795 ATMs have a deposit function; (2) Includes control and enabling functions. consists of three service and sales distribution pillars: • Digital presence • Branch network • Contact centre supported by own and shared ATM network, enabling deposits, withdrawals and service operations Number of other employees2 Number of front line employees Total number of clients Own & shared ATM network1 Branch network Total number of employees 2,490 (0.3)% (0.8)% 124 1,352 (4.0)% 1,138 1.6m +1.4% +3.2% 9 (7.5)% 1,966
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DIGITAL Note: Payment transactions, servicing transactions and sales transactions during the year 2024. All numbers in units. The percentage represents the year-on-year change. (1) Combination of Smart Banka and Internet Banka. is a critical distribution and service channel consisting of four key pillars: • Web: www.moneta.cz • Web: www.hypoteka.cz • Mobile: Smart Banka • Internet: Internet Banka Additionally, it is supported by its presence on social media platforms: Sales transactions Loan applications Digital platform users1 Payment transactions Average daily visits1 Servicing transactions 23.1m +23.5% 73.2m +13.1% 684ths 355ths +26.2% 400ths 1.5m +7.3% +8.8% 10 +12.3%
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BRANCH NETWORK Note: Visits, cash transactions and loan applications during the year 2024. Cash transactions and loan applications in a number of units. The percentage represents the year-on-year change. (1) Cash and non-cash visits; (2) As at 31 December 2024; (3) Includes retail, SME and small business bankers. continues to play an important role in product distribution and client service. The network is organised into six distinct front-office units: • Retail banking • Wealth management distribution • Mortgage distribution • Small business banking • SME banking • Structured finance for corporate clients Number of staff at branches2,3 Loan applications Cash transactions Number of branches2 489ths +11.7% 1,093 (4.8)% 738ths 124 (7.5)% 11 Branch visits1 1.6m (16.1)% (23.6)% Number of unique client visits 590ths (10.6)%
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complements the service and sales of both the digital and physical branch network through a range of communication channels: • Telephone • Email • Web • Chats • Social media CONTACT CENTRE Note: Number of staff as at 31 December 2024, rest data cumulative during the year 2024 for retail and commercial clients. The percentage and percentage points represent the year-on-year change. (1) Inbound traffic = number of answered incoming calls; (2) Monthly average; (3) Email communication = number of answered emails or messages from Internet Banka, web forms, chats or social media; (4) Percentage of calls answered out of total incoming calls, including resolved customer requests from missed calls that were called back; (5) Abandon rate = % of missed calls out of total incoming calls; (6) Lifetime income estimate of all insurance units sold. Number of staff2 Abandon rate5 Email communication3 Clients service level4 11.2% (0.7)pp 202 stable 166ths 93.5% +0.4pp 12 Inbound traffic1 791ths (4.6)% (20.9)% Insurance sales (LTI)6 CZK 154m +47.9%
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ATM NETWORK Note: Withdrawals, deposits and service transactions on MONETA’s ATMs in a number of units during the year 2024. The percentage represents the year- on-year change. provides 24/7 access to withdrawals, deposits and miscellaneous services through its own and shared network. ATM alliance partnership includes four banks: • MONETA Money Bank • Komerční banka • Air Bank • UniCredit Bank Deposit ATMs in shared network MONETA ATM deposits Own ATM network MONETA ATM withdrawals 2.0m +19.8% 795 557 14.7m (4.8)% 13 Shared ATM network 1,966 ATM service transactions 3.0m (4.1)%
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We are constantly improving our product offering to better meet our clients' needs PRODUCT DEVELOPMENT Note: ICAV = Irish Capital Asset Management Vehicle. 14 • Streamlined deposit repricing including fully digital communication and real-time digital retention program • Launched 24/7 online FX for EUR and USD • Introduced new premium current account offer with enhanced daily banking and travel-related benefits Daily Banking Credit Distribution Fee Income Products 2024 Achievements 2025 Priorities • Launched a fully online unsecured loan consolidation process including price optimisation model • Rolled out omni-channel mortgage platform seamlessly integrating online and branch processes • Closed all 3rd party distribution to focus on distribution through owned channels • Extension of licence to offer investment securities and a customer asset management service • Successful launch of investment certificate with capital protection for investors with low risk appetite • New family insurance package for personal belongings and also for selected cyber risks • Enhance loyalty rewards program in collaboration with new outsourcing partner • Launch travel focused credit card proposition to drive international transactions and FX income • Expanded card management functionality in digital channels • Introduction of new unsecured housing loan • Launch fully online non-purpose mortgage proposition • Introduction of payment holiday as a standard feature for consumer loans and mortgages • Launch of asset management service for retail clients via Irish domiciled ICAV structure (in cooperation with partner) • Introduction of alternative investment products for qualified investors. • Upgrade of credit protection and travel insurance propositions
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Branch office: Česká Lípa Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix CONTENT
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Net profit of CZK 5.8 billion driven by operating income growth, stable cost base and cost of risk below the midpoint of the guided range PROFIT AND LOSS STATEMENT 16 Cost base remained stable due to lower contribution to regulatory funds (down by 29.6%) and lower administrative expenses partially offset by higher personnel expenses. Cost to income ratio at 44.3% Net interest income growth driven by balance sheet expansion; repricing activity translated into further improved NIM to 2.0% in 4Q 2024 compared to 1.9% in 3Q 2024 (2023 YtD: 2.1%) Net fee and commission income growth driven mainly by strong distribution of wealth management products (up by CZK 408 million) Cost of risk of CZK 386 million or 14bps, below the midpoint of the guided range 10-30bps PROFIT AND LOSS (CZK m) 2023 2024 CHANGE YoY Net interest income 8,577 8,919 4.0% +342 Net fee and commission income 2,624 3,060 16.6% +436 Other income 946 932 (1.5)% (14) OPERATING INCOME 12,147 12,911 6.3% +764 Operating expenses (5,730) (5,722) (0.1)% +8 OPERATING PROFIT 6,417 7,189 12.0% +772 Cost of risk (305) (386) 26.6% (81) PROFIT BEFORE TAX 6,112 6,803 11.3% +691 Income tax (912) (995) 9.1% (83) NET PROFIT 5,200 5,808 11.7% +608 Earnings per share 10.2 11.4 11.7% +1.2 Return on Tangible Equity 18.0% 20.4% 13.1% 2.4pp Effective tax rate 14.9% 14.6% (2.0)% (0.3)pp Net profit of CZK 5.8 billion, up by 11.7% with RoTE at 20.4%, enabled to propose a dividend of CZK 10 per share
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20242023 Net interest income growth driven by higher lending income and lower deposit expense due to repricing activities, offsetting lower treasury income NET INTEREST INCOME DRIVERS Note: (1) Treasury and other net interest income composed of money market operations, investment portfolio, wholesale funding and issued bonds. 17 Net interest income (CZK m) Interest income on loans (CZK m, YoY absolute change) Interest expense on customer deposits (CZK m) Treasury and other net interest income1 (CZK m) 3,242 3,220 3,336 3,310 3,333 4Q’23 1Q’24 2Q’24 3Q’24 4Q’24 +91 2,453 2,451 2,143 1,779 1,491 4Q’23 1Q’24 2Q’24 3Q’24 4Q’24 (962) (3,514) (3,596) (3,369) (2,784) (2,395) 1Q’24 4Q’243Q’244Q’23 2Q’24 2,181 2,075 2,110 2,305 2,429 4Q 1Q 2Q 3Q 4Q +11.4% +5.4% (1,119)
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Commission income significantly improved due to strong performance in wealth management product distribution FEE AND COMMISSION INCOME & EXPENSE 18 Net fee and commission income (CZK m) Third-party commission income(CZK m) Fee expense (CZK m) Fee income (CZK m) (159) (141) (165) (165) (194) 291 322 289 289 323 189 179 226 100 4Q’23 145 1Q’24 2Q’24 3Q’24 4Q’24 391 467 478 468 549 431 414 439 451 459 4Q’23 1Q’24 2Q’24 3Q’24 4Q’24 4Q’23 2Q’24 4Q’241Q’24 3Q’24 Wealth mngt +126.0% YoY Insurance +11.0% YoY 663 740 752 754 814 4Q 1Q 2Q 3Q 4Q +22.8% +8.0% 20242023
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Cross-selling of wealth management products more than doubled income originated from this category DISTRIBUTION OF WEALTH MANAGEMENT PRODUCTS Note: Number of funds offered and licensed staff as at 31 December of the relevant year. Number of licensed staff for retail segment. 19 Outstanding amount of distributed wealth management products (CZK m) 38,498 59,373 31/12/2023 31/12/2024 +54.2% 331 739 2023 2024 +123.3% Commissions from wealth management product distribution (CZK m) 2023 2024 Change Funds offered 43 40 (7.0)% Number of licensed staff (MiFiD) 501 542 +8.2% Volumes sold (CZK m) 12,511 23,540 +88.2% Volumes redeemed (CZK m) (5,765) (5,276) (8.5)% Opening fee (CZK m) 76 298 +292.1% Trailer fee (CZK m) 255 441 +72.9%
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Overall growth in recurrent income mainly driven by the distribution of life and other insurance products INSURANCE PRODUCT DISTRIBUTION Note: (1) One-offs excluding recurring bonuses; (2) As at 31 December of the relevant year. 20 Life insurance – annual premium equivalent (CZK m) Commissions from insurance products distribution (CZK m) 988 1,172 224 2023 51 2024 1,212 1,223 +1.0% Recurrent income +18.6% YoY 2023 2024 Change Life insurance Annual premium equivalent (CZK m) 142 169 +19.1% Commissions earned (CZK m) 208 281 +34.6% Pension insurance Units sold (ths) 37 32 (13.5)% Commissions earned (CZK m) 78 73 (7.0)% Payment protection insurance Gross written premium (CZK m) 720 757 +5.1% Commissions earned (CZK m) 346 358 +3.7% One-offs (CZK m)1 224 51 (77.0)% Number of licensed staff (IDD)2 682 675 (1.0)% 142 169 2023 2024 +19.1% One-offs1 (77.0)% YoY
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Gain on bond sale and improved client FX margin offset the negative impact from hedging derivatives 21 NET INCOME FROM FINANCIAL OPERATIONS Net income from financial operations (CZK m) 134 729 756 59 26 2023 46 2024 889 860 (3.3)% Other FX margin Key highlights • Bond sale: +CZK 32 million year-on-year higher income accomplished through successful minor disposal from the investment portfolio in 1Q 2024. • FX margin: +CZK 27 million year-on-year driven by improved margin on client FX conversions. • Other results: CZK (88) million year-on-year, includes the impact from hedging derivatives, FX swaps and balance sheet revaluation to functional currency. Bond sale
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Persistent inflationary pressure on salaries was offset by savings achieved across other cost categories Note: Regulatory charges include mandatory contributions to Deposit Insurance, Resolution and Recovery and Guarantee Funds. 22 OPERATING EXPENSES Operating expenses (CZK m) 2,504 2,664 1,686 1,617 1,233 1,225 307 2023 216 2024 5,730 5,722 (0.1)% Admin & Other operating (4.1)% YoY Regulatory charges (29.6)%YoY Personnel +6.4% YoY Depreciation and amortisation (0.6)% YoY Key highlights • Regulatory charges decreased by 29.6% or by CZK 91 million primarily due to lower contribution to Resolution fund. • Administrative and Other expenses decreased by 4.1% or by CZK 69 million due to lower facilities and ATM expenses. • Personnel expenses up by 6.4% or by CZK 160 million due to higher variable incentives and salary inflation on the employment base of 2,490 FTEs.
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Branch office: Veselí nad Moravou Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix CONTENT
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Lending returned to growth; funding base expansion driven by continued deposit gathering despite significant repricing 24 Net customer loans (CZK bn) Loan portfolio yield Funding base (CZK bn) Cost of funding KEY BALANCE SHEET METRICS 2023 2024 4.7% 4.9% +0.2pp 2023 2024 3.3% 3.0% (0.3)pp 263.1 275.4 31/12/2023 31/12/2024 +4.7% 415.5 452.4 31/12/2023 31/12/2024 +8.9%
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The balance sheet expanded to CZK 495 billion through deposit base growth and MREL bond issuance BALANCE SHEET PROFILE AND DEVELOPMENT Notes: (1) Including reverse repo operations with the CNB; (2) Including CSA from Due to customers in the amount of CZK 270m at the end of 4Q 2023, CZK 253m at the end of 1Q 2024, CZK 253m at the end of 2Q 2024, CZK 197m at the end of 3Q 2024 and CZK 215m at the end of 4Q 2024. 25 Assets (CZK bn) Liabilities and equity (CZK bn) Cash and cash balances at CNB1 +14.6% YoY Investment securities +11.8% YoY Net customer loans +4.7% YoY Repo operations and due to banks 2 (28.9)% YoY Equity Customer deposits +7.7% YoY 263.1 266.7 271.0 270.4 275.4 104.4 103.2 102.0 106.0 116.7 77.6 82.1 96.4 95.4 88.9 13.2 4Q 16.0 1Q 13.9 2Q 16.4 3Q 458.2 468.0 483.3 488.2 4Q 495.0 14.0 +8.0% 32.2 33.5 30.3 31.8 31.9 9.6 9.0 10.1 399.2 405.7 425.8 421.4 429.8 5.7 11.4 4Q 6.7 11.4 10.8 1Q 6.7 11.5 2Q 3Q 458.2 468.0 483.3 488.2 4Q 495.0 19.2 4.0 11.9 3.9 19.1 +8.0% Other liabilities Issued bonds and subordinated deposits Other assets 20242023 20242023
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MONETA renewed lending activity in both retail and commercial segments during 2024 NEW LENDING VOLUMES 26 New lending volume (CZK bn) New retail lending volume (CZK bn) New commercial lending volume (CZK bn) 40.8 62.5 2023 2024 +53.4% 15.9 7.4 2023 22.0 15.1 2024 23.2 37.0 +59.4% Mortgage loans +104.4% YoY Consumer and auto loans +38.5% YoY 13.5 4.0 2023 19.1 6.4 2024 17.5 25.5 +45.5% Small business +59.5% YoY SME1 +41.4% YoY Note: (1) Including commercial auto loans.
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Loan portfolio returned to growth mainly in small business and SME Note: (1) Includes investment loans, working capital and commercial auto loans and leasing portfolio. 27 Gross performing loan portfolio (CZK bn) GROSS PERFORMING LOAN PORTFOLIO 70.5 72.7 75.1 74.7 76.5 179.5 180.3 181.5 180.7 183.1 13.8 4Q 14.4 1Q 15.1 2Q 15.4 3Q 263.9 267.4 271.6 270.8 4Q 275.9 16.3 +4.5% Retail +2.0% YoY Small business +17.6% YoY SME1 +8.5% YoY 20242023
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Retail loans returned to growth since the beginning of the year, mainly through mortgage lending RETAIL GROSS PERFORMING LOAN PORTFOLIO DEVELOPMENT Retail loan portfolio (CZK bn) Mortgage portfolio1 (CZK bn) Notes: (1) Loan to value ratio on the performing mortgage portfolio at 53.4% as at 31 December 2024; (2) Supplementary housing loans represent 80% of the balance as at the end of 4Q 2024. 28 Consumer loan portfolio (CZK bn) Housing loan, credit card and overdraft2 (CZK bn) Auto loan portfolio (CZK bn) 179.5 180.3 181.5 180.7 183.1 4Q 1Q 2Q 3Q 4Q +2.0% 127.6 128.0 128.8 127.7 130.2 4Q 1Q 2Q 3Q 4Q +2.1% 4Q 1Q 2Q 3Q 4Q 36.3 36.9 37.7 38.1 38.1 +5.0% 2.5 2.5 2.6 2.7 2.7 4Q 1Q 2Q 3Q 4Q +9.0% 4Q 1Q 2Q 3Q 4Q 13.1 12.8 12.4 12.2 12.0 (8.7)% 20242023 20242023 20242023 20242023 20242023
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Commercial loan book produced fairly strong growth across all product categories COMMERCIAL GROSS PERFORMING LOAN PORTFOLIO DEVELOPMENT Commercial loan portfolio1 (CZK bn) Investment loan portfolio2 (CZK bn) Notes: (1) Commercial loan portfolio includes portfolio of MONETA Leasing in the amount of CZK 2.2bn as at the end of 4Q 2023, CZK 1.9bn as at the end of 1Q 2024, CZK 1.6bn as at the end of 2Q 2024, CZK 1.4bn as at the end of 3Q 2024 and CZK 1.2bn as at the end of 4Q 2024; (2) I nvestment loan portfolio includes supplementary housing loans. 29 Working capital portfolio (CZK bn) Auto loan portfolio (CZK bn)Small business loan portfolio (CZK bn) 13.8 14.4 15.1 15.4 16.3 4Q 1Q 2Q 3Q 4Q +17.6% 84.4 87.2 90.1 90.1 92.8 4Q 1Q 2Q 3Q 4Q +10.0% 45.2 45.3 46.7 46.5 50.1 4Q 1Q 2Q 3Q 4Q +10.8% 15.4 17.7 18.6 18.5 16.6 4Q 1Q 2Q 3Q 4Q +7.7% 7.7 7.8 8.1 8.3 8.6 4Q 1Q 2Q 3Q 4Q +11.6% 20242023 20242023 20242023 20242023 20242023
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Loan portfolio yield remained stable; hedged yield declined in line with short-term interest rate reduction LOAN PORTFOLIO YIELD EVOLUTION Note: For more details, please see the explanation in the glossary. (1) A significant portion of the commercial loan portfolio bears interest at floating rates and only longer maturities with fixed interest rates are hedged; therefore, the impact of the hedging results on the yi eld of the commercial loan portfolio is only marginal. 30 Loan portfolio yield (%) Retail loan portfolio yield (%) Commercial loan portfolio yield1 (%) 4.9 4.9 4.9 4.9 4.9 5.5 5.4 5.2 5.0 4.9 4Q 1Q 2Q 3Q 4Q 6.3 6.3 6.2 6.1 6.0 4Q 1Q 2Q 3Q 4Q 4.2 4.2 4.2 4.3 4.3 5.0 4.9 4.7 4.5 4.3 4Q 1Q 2Q 3Q 4Q portfolio yield yield including hedging result 20242023 20242023 20242023
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Customer deposit base grew by 7.7%, despite repricing activities during 2024; wholesale funding growth supported by MREL bond issuance Notes: (1) Excludes opportunistic repo operations and CSA (CZK 0.8bn at the end of 4Q 2023, CZK 0.7bn at the end of 1Q 2024 and CZK 0.9bn at the end of 2Q 2024, CZK 0.4bn at the end of 3Q 2024 and CZK 0.6bn at the end of 4Q 2024); wholesale funding includes Issued bonds, Subordinated liabilities and Due to banks balances. 31 Customer deposits and wholesale funding1 (CZK bn) FUNDING BASE Retail +3.5% YoY Commercial +22.9% YoY86.1 90.9 100.6 98.8 105.8 313.2 314.8 325.3 322.7 324.0 16.3 4Q 17.4 1Q 17.3 2Q 22.6 3Q 415.5 423.0 443.1 444.0 4Q 452.4 22.6 +8.9% Wholesale +39.0% YoY 20242023
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Cost of funding reduced by 141bps or almost 40% through several repricing actions; NIM returned to growth and closed the year at 2.1% 32 Monthly development of costs and balances of customer deposits (%, CZK bn) DEVELOPMENT OF COSTS AND BALANCES OF CUSTOMER DEPOSITS 399.2 402.1 407.0 405.7 413.1 422.1 425.8 424.3 420.3 421.4 421.0 421.6 429.8 12/23 01/24 02/24 03/24 04/24 05/24 06/24 07/24 08/24 09/24 10/24 11/24 12/24 +7.7% 3.57% 3.61% 3.62% 3.51% 3.48% 3.28% 2.99% 2.73% 2.62% 2.51% 2.34% 2.25% 2.16% 1.9% 1.9% 1.8% 1.7% 1.7% 1.7% 1.9% 1.9% 2.0% 2.0% 2.0% 2.0% 2.1% Net interest margin development over 12 months
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Retail deposit growth achieved mainly through savings and term deposit accounts RETAIL CUSTOMER DEPOSITS DEVELOPMENT Notes: (1) Including building savings accounts. 33 Retail customer deposits (CZK bn) Current account deposits (CZK bn) Savings, term and other deposits1 (CZK bn) 313.2 314.8 325.3 322.7 324.0 4Q 1Q 2Q 3Q 4Q +3.5% 52.6 52.3 54.7 54.5 54.8 4Q 1Q 2Q 3Q 4Q +4.3% 260.6 262.5 270.6 268.2 269.2 4Q 1Q 2Q 3Q 4Q +3.3% 20242023 20242023 20242023
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Commercial deposits substantially expanded throughout 2024 COMMERCIAL CUSTOMER DEPOSITS DEVELOPMENT Notes: (1) Including building savings accounts. 34 Commercial customer deposits (CZK bn) Current account deposits (CZK bn) Savings, term and other deposits1 (CZK bn) 86.1 90.9 100.6 98.8 105.8 4Q 1Q 2Q 3Q 4Q +22.9% 41.6 39.2 44.4 43.5 53.0 4Q 1Q 2Q 3Q 4Q +27.4% 44.4 51.7 56.2 55.2 52.8 4Q 1Q 2Q 3Q 4Q +18.7% 20242023 20242023 20242023
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Wholesale funding strengthened by EUR 300 million bond issuance in September 2024 WHOLESALE FUNDING DEVELOPMENT Notes: (1) Excluding opportunistic repo operations and CSA in the amount of CZK 0.6bn as at the end of 4Q 2023, CZK 0.5bn as at the end of 1Q 2024, CZK 0.6bn as at the end of 2Q 2024, CZK 0.2bn as at the end of 3Q 2024 and CZK 0.4bn as at the end of 4Q 2024. 35 Wholesale funding1 (CZK bn) Issued bonds and subordinated liabilities (CZK bn) Due to banks and other1 (CZK bn) 16.3 17.4 17.3 22.6 22.6 4Q 1Q 2Q 3Q 4Q +39.0% 11.4 11.4 11.5 19.1 19.2 4Q 1Q 2Q 3Q 4Q +68.1% 4.9 6.0 5.8 3.5 3.4 4Q 1Q 2Q 3Q 4Q (29.4)% 20242023 20242023 20242023
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Quarterly average cost of funding decreased from a peak of 3.6% to 2.4%, supporting improvement in net interest income and NIM COST OF FUNDS Notes: (1) Excluding opportunistic repo operations and CSA; (2) Wholesale includes Issued bonds, Subordinated liabilities and Due to banks balances and excludes opportunistic repo operations and CSA. 36 Cost of funds1 (%) Customer deposits (%) Wholesale funding2 (%) Retail (%) Commercial (%) 3.6 4Q 3.6 1Q 3.3 2Q 2.7 3Q 2.4 4Q 4.3 4Q 4.2 1Q 4.4 2Q 4.1 3Q 4.7 4Q 3.6 4Q 3.6 1Q 3.2 2Q 2.6 3Q 2.3 4Q 3.8 4Q 3.8 1Q 3.5 2Q 2.8 3Q 2.4 4Q 2.8 4Q 2.8 1Q 2.4 2Q 2.0 3Q 1.7 4Q 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024
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Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix CONTENT Branch office: Ostrava
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Liquidity related ratios remained solid and strong 38 Loan to deposit ratio Liquidity coverage ratio Share of high-quality liquid assets on customer deposits Net stable funding ratio KEY LIQUIDITY RATIOS 31/12/2023 31/12/2024 66% 64% (2)pp 31/12/2023 31/12/2024 354% 357% +3pp 31/12/2023 31/12/2024 164% 181% +17pp 31/12/2023 31/12/2024 40% 43% +3pp
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High-quality liquid assets constitute 38% of the balance sheet and are at the highest level since the IPO in 2016 39 High-quality liquid assets (CZK bn) HIGH-QUALITY LIQUID ASSETS DEVELOPMENT 91.0 91.1 89.2 97.5 107.4 65.6 69.7 85.3 82.2 75.6 3.2 4Q 3.3 1Q 3.8 2Q 3.4 3Q 159.8 164.2 178.4 183.1 4Q 186.8 3.8 +16.9% Cash +17.6% YoY Balances at the CNB +15.3% YoY Government and other bonds +18.0% YoY 20242023
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Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix Branch office: Plzeň CONTENT
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Capital position remains solid and sufficient; in 2024, MONETA paid dividends of CZK 6.1 billion and will propose a 2024 dividend of CZK 5.1 billion Note: (1) Including 100bps of management buffer; (2) Including 75bps of management buffer, which is covered by Tier 1 capital; (3) Proposed dividend is subject to corporate, regulatory and regulator’s limitation and subject to shareholders’ approval at the General Meeting to be held on 24 April 2025; (4) Excess capital over the management capital target of 16.1% as at 31 December 2023 and 15.05% as at 31 December 2024, 2023 excess capital does not include 2023 dividend in the amount of CZK 4.6bn (which was approved at the General Meeting on 23 April 2024 and paid on 21 May 2024); 2024 excess capital does not include 2024 accrued dividend of CZK 5.1bn; (5) Excess capital over Tier 1 management capital target of 13.20% as at 31 December 2023 and 12.23% as at 31 December 2024. 41 Capital adequacy ratio Paid and proposed dividends3 (CZK m) Tier 1 capital adequacy ratio Excess capital over management target4 (CZK m) KEY CAPITAL RATIOS – CONSOLIDATED BASIS 16.10% 3.97% 31/12/2023 15.05% 3.20% 31/12/2024 20.07% 18.25% Management target1 13.20% 2.54% 31/12/2023 12.23% 2.24% 31/12/2024 15.74% 14.46% Management target 2 Excess capital T1, T2 and debt instruments Distributable excess capital 4,599 1,533 5,110 2023 2024 6,643 +44.4% 2024 proposed dividend 3 2023 dividend paid on 21 May 2024 Extraordinary dividend paid on 17 December 2024 4,250 3,885 2,398 1,657 31/12/2023 31/12/2024 6,648 5,543 Tier 1 excess5 Tier 2 excess
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On a consolidated level, we maintain excess capital of CZK 5.5 billion on top of CZK 5.1 billion dividend accrual Note: (1) Including 100bps of management buffer; (2) Excess capital and proposed dividend as at 31 December 2024 are subject to corporate, regulatory and regulator´s limitations; (3) Based on Article 473a of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No. 648/2012; (4) 88% of 2024 net profit. 42 Regulatory capital (CZK bn) Capital adequacy ratio Risk-weighted assets density Excess capital over management capital target of 15.05%1,2 (CZK m) CAPITAL POSITION ON A CONSOLIDATED BASIS 7.2 26.3 31/12/2023 6.6 25.1 31/12/2024 33.6 31.6 31/12/2023 31/12/2024 36.4% 35.0% 6,648 5,543 1,757 5,808 0 5,000 10,000 15,000 31 Dec 2023 Change of capital requirement Change of T2 capital Change in RWA Change in intangibles and other Change in regulatory capital optimisation3 Extra- ordinary dividend 2024 Net profit 2024 Dividend accrual4 31 Dec 2024 (692) (927) (86) (322) (1,533) (5,110) Tier 2 Tier 1 16.10% 3.97% 31/12/2023 15.05% 3.20% 31/12/2024 20.07% 18.25% Management target1 Excess capital T1, T2 and debt instruments
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On an individual basis, we maintained a strong MREL ratio, more than 5 percentage points above our target Note: (1) Consists of a total MREL requirement and a management buffer of 1%. 43 Regulatory capital and MREL instruments (CZK bn) MREL adequacy ratio Risk-weighted assets density • Overall, MONETA had to maintain the MREL requirement of 22.45% as at 1 January 2025, including CRR, systemic risk and management capital buffers. • Current MREL position of 26.99% constitutes an excess of 504 basis points above the MREL management target as at 31 December 2024. • 2024 dividend accrual at 88% of the consolidated net profit. CAPITAL POSITION ON AN INDIVIDUAL BASIS 26.9 7.2 4.2 31/12/2023 26.3 6.6 12.5 31/12/2024 38.4 45.4 22.70% 1.35% 31/12/2023 21.95% 5.04% 31/12/2024 24.05% 26.99% MREL management target1 Excess over MREL management target 31/12/2023 31/12/2024 36.1% 35.0% Tier 2 Tier 1 MREL
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Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix Branch office: Praha CONTENT
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Cost of risk in line with expectations at 14bps; NPL ratio at a historically low level 45 Cost of risk (release in brackets, creation without brackets, YtD) Non-performing loan ratio Loan loss provision coverage Total non-performing loan coverage KEY RISK RATIOS 2023 2024 0.11% 0.14% +0.03pp 2023 2024 1.4% 1.3% (0.1)pp 2023 2024 121.6% 113.6% (8.0)pp 2023 2024 1.75% 1.45% (0.3)pp
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Cost of risk in 2024 benefited from solid core portfolio performance supported by an improved macroeconomic environment and releases of overlays COST OF RISK Cost of risk (CZK m, release in brackets, creation without brackets, QtD) Annualised cost of risk (%, release in brackets, creation without brackets, QtD) Note: (1) FY 2024: impact into the cost of risk line at CZK 127m and into other operating income line at CZK 5m; FY 2023: impact into the cost of risk line at CZK 304m and into other operating income line at CZK 3m. 46 • FY 2024 cost of risk at CZK 386 million or 14bps (FY 2023: CZK 305 million or 11bps), supported by a gain on NPL disposals of CZK 132 million (FY 2023: CZK 307 million).1 43 36 85 167 82 90 99 (53) (48) 4Q 1Q 17 2Q 3Q Commercial Retail 133 135 102 114 4Q 35 0.20 0.20 0.15 0.17 0.05 4Q 1Q 2Q 3Q 4Q 20242023 20242023
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The drop in NPL portfolio and NPL coverage largely driven by significant NPL disposals in 4Q 2024 Note: (1) Management overlays on expected credit losses reflecting potential risks associated with an environment of high inflation and high interest rates; (2) NPLs include gross loan portfolio balance in Stage 3 and non-performing gross loan portfolio balance in Stage POCI. 47 Gross loan portfolio (CZK m) Non-performing loan portfolio2 (CZK m) Loan loss provisions (CZK m) Loan loss provision coverage LOAN PORTFOLIO AND LOAN LOSS PROVISIONS 3,849 3,886 3,977 3,977 3,568 4Q 1Q 2Q 3Q 4Q 267,746 271,334 275,626 274,819 279,435 4Q 1Q 2Q 3Q 4Q +4.4% 4Q 1Q 2Q 3Q 1.75% 1.70% 1.67% 1.62% 4Q 1.45% 4,039 4,046 4,162 4,004 3,658 643 4Q 557 1Q 454 2Q 451 3Q 394 4Q 4,682 4,603 4,616 4,455 4,052 (13.4)% Management overlays1 Loan loss provisions NPL ratio 1.3%1.4% 1.4% 1.4% 1.4% 116% 112% 114%122% 118% Total NPL coverage 20242023 20242023 20242023 20242023
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In 2024, net NPL formation was positively impacted by good portfolio performance and successful NPL disposals, particularly in 4Q 2024 Note: NPL balance excluding loan loss provision. (1) Includes also repayment and classification upgrades of loans where the concessions were provided; (2) Write-off includes the unrecovered part of sold receivables. The recovered part obtained within the debt sale is included in Cured. 48 NPL balance and net formation (CZK m) NON-PERFORMING LOAN DEVELOPMENT 3,849 3,886 3,977 3,977 3,568 1,214 1,174 1,296 1,144 Dec 2023 NPL forma- tion Cured1 Write- off2 Mar 2024 Write- off2 Cured1NPL forma- tion Sep 2024 Dec 2024 Write- off2 Cured1NPL forma- tion Jun 2024 Write- off2 Cured1 (972) (204) (1,003) NPL forma- tion (1,033) (262) (1,123) (431) (80) Net NPL formation +37 Net NPL formation +91 Net NPL formation 0 Net NPL formation (409)
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Delinquency rates remained low and stable, supported by solid core performance and an efficient collection strategy Note: 30+ delinquency represents due exposures in the range between 30 and 60 days past due, 60+ delinquency represents due exposures in the range between 60 and 90 days past due, 90+ delinquency represents due exposures more than 90 days past due, 2Q 2020 - 4Q 2024 data includes the Acquired entities. 49 Share of past due exposures on total gross portfolio balance (%) PAST DUE EXPOSURES DEVELOPMENT 0.71 0.70 0.61 0.61 0.57 0.55 0.51 0.52 0.53 0.51 0.45 0.47 0.46 0.34 0.37 0.33 0.30 0.31 0.32 0.34 0.32 0.31 0.37 0.37 0.36 0.350.25 0.23 0.23 0.21 0.19 0.20 0.19 0.20 0.17 0.19 0.17 0.16 0.13 0.10 0.10 0.09 0.06 0.10 0.10 0.09 0.10 0.10 0.12 0.10 0.13 0.13 0.10 2.97 2.56 2.41 2.27 1.38 1.24 1.31 1.27 1.36 1.23 1.15 1.11 1.09 0.92 0.87 0.71 0.73 0.58 0.64 0.63 0.57 0.59 0.55 0.61 0.61 0.65 0.53 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q1Q 0.08 2Q 3Q 4Q 1Q 2Q 0.33 3Q 0.40 4Q 1Q 2Q 3Q 4Q 0.63 1Q 30+ 60+ 90+ 2021 2022202020192018 2023 2024
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Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix Branch office: Olomouc CONTENT
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In the next five years we seek to deliver a minimum cumulative net profit of CZK 33.3 billion or CZK 65.1 per share 2025 – 2029 MEDIUM-TERM GUIDANCE Note: Please see pages 54, 55 and 78 of this presentation for limitations of forward-looking statements and their assumptions. (1) Assuming no changes in current tax regulation. Metrics 2025 2026 2027 2028 2029 CAGR 2025-2029 Total operating income (CZK bn) 13.6 14.6 15.1 15.8 16.5 5.0% Total operating expenses (CZK bn) (5.9) (6.1) (6.2) (6.4) (6.6) 2.8% Operating profit (CZK bn) 7.7 8.5 8.9 9.4 9.9 6.5% Cost of risk (bps) (15-35) (25-45) (25-45) (25-45) (25-45) - Effective tax rate1 15.5% 15.5% 15.5% 15.5% 15.5% - NET PROFIT (CZK bn) 6.0 6.3 6.6 7.0 7.4 5.4% Earnings per share (CZK) 11.7 12.3 12.9 13.7 14.5 5.4% Return on Tangible Equity 20% 20% 21% 21% 22% - 51
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A cumulative net profit of CZK 33.3 billion in the next five years is by 46% higher compared to the past five years NET PROFIT EVOLUTION Note: Guidance is subject to change based on actual financial results of the Group in the years 2025 to 2029 and corporate, regulatory and regulator’s limitations. Please see pages 54, 55 and 78 of this presentation for limitations of forward-looking statements and their assumptions. (1) 2020 – 2024 represents final data, 2025 – 2029 represents guidance. 52 2.6 4.0 5.2 5.2 5.8 6.0 6.3 6.6 7.0 7.4 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 CZK 22.8bn CZK 33.3bn+46.2% 2020 – 2029 Net profit1 (CZK bn) 2020 – 2029 Operating income1 (CZK bn) 12.1 11.2 12.1 12.1 12.9 13.6 14.6 15.1 15.8 16.5 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 CZK 60.4bn CZK 75.6bn+25.1%
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MONETA targets a 90% pay-out ratio from consolidated net profit in next five years, implying a cumulative dividend of CZK 58.6 per share DIVIDEND PER SHARE Note: The dividend policy remains valid as long as MONETA operates with a capital adequacy ratio at least 100 basis points above the regulatory capital requirement and is subject to various other factors and conditions. The guidance is subject to change based on the actual financial results of the Group in the years 2025 to 2029, as well as corporate, regulatory, and Czech National Bank limitations. Please refer to pages 54, 55, and 78 of this presentation for the limitations and assumptions underlying forward-looking statements. (1) Dividends for 2020–2023 represent those already paid. For 2024, this includes CZK 3 as an extraordinary dividend paid on 17 December 2024, and CZK 10 as a proposed dividend, which remains subject to shareholder approval at the General Meeting scheduled for 24 April 2025. Dividends for 2025–2029 represent estimates and are subject to corporate, regulatory, and regulatory authority limitations, as well as approval by the relevant General Meeting. 53 2020 – 2029 Dividend per share1 (CZK) 3.0 7.0 8.0 9.0 10.0 10.6 11.1 11.6 12.3 13.0 3.0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 13.0 CZK 40.0 CZK 58.6+46.6%
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Macroeconomic assumptions for medium-term guidance 2025 – 2029 MEDIUM-TERM GUIDANCE Note: Please see also pages 55 and 78 for limitations of forward-looking statements and their assumptions. Source 2025-2026: GDP, unemployment and inflation rates based on the CNB Forecast issued in autumn 2024; 2W repo rate and 1M Pribor based on internal assumptions. 2027 – 2029: all data based on internal assumptions. 2025 2026 2027 2028 2029 GDP growth 2.4% 2.4% 2.4% 2.5% 2.5% Unemployment 2.9% 3.0% 2.9% 2.8% 2.7% Inflation 2.6% 2.2% 2.0% 2.0% 2.0% 2W repo rate (annual average) 3.3% 3.0% 3.0% 3.0% 3.0% 1M Pribor (annual average) 3.3% 3.1% 3.1% 3.1% 3.1% CZK/EUR 25.4 25.5 25.4 25.4 25.4 54
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Projected loans and deposits growth 2025 – 2029 MEDIUM-TERM GUIDANCE Note: Please see also pages 54 and 78 for limitations of forward-looking statements and their assumptions. 2024 2025 2026 2027 2028 2029 CAGR 2024-2029 Gross performing loans development 275.9 288.3 298.6 314.8 334.8 354.7 5.2% Retail 183.1 188.6 193.0 201.4 213.8 226.7 4.4% Commercial 92.8 99.8 105.7 113.4 121.0 128.0 6.6% Customer deposits development 429.8 435.0 445.9 458.0 474.1 490.8 2.7% Retail 324.0 331.2 340.5 351.0 365.4 380.4 3.3% Commercial 105.8 103.8 105.4 107.0 108.6 110.3 0.8% 55
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Macroeconomic Environment Operating Platform Profit and Loss Development Balance Sheet Development Liquidity Development Capital Management Risk Metrics & Asset Quality 2025 – 2029 Market Guidance Appendix Branch office: Praha CONTENT
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APPENDIX Events with Investors Capital Requirements Distributed Dividends and Total Shareholder Return Deposit and Lending Market Financial Statements & Key Performance Ratios Glossary of Terms
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Calendar for 1H 2025 REPORTING DATES AND INVESTOR MEETINGS 58 Annual General Meeting 24 April 2025 1Q 2025 Earnings 25 April 2025
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APPENDIX Events with Investors Capital Requirements Distributed Dividends and Total Shareholder Return Deposit and Lending Market Financial Statements & Key Performance Ratios Glossary of Terms
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31/12 2023 31/03 2024 30/06 2024 01/07 2024 01/01 2025 MREL – loss absorption amount 10.6% 10.3% 10.3% 10.3% 10.3% MREL - recapitalisation amount 6.6% 6.9% 6.9% 6.9% 6.9% CRR capital conservation buffer 2.5% 2.5% 2.5% 2.5% 2.5% CRR countercyclical buffer 2.0% 2.0% 1.75% 1.25% 1.25% Systemic risk buffer - - - - 0.5% Total requirement 21.7% 21.7% 21.45% 20.95% 21.45% Management capital buffer 1.0% 1.0% 1.0% 1.0% 1.0% MANAGEMENT TARGET 22.7% 22.7% 22.45% 21.95% 22.45% 31/12 2023 01/01 2024 30/06 2024 01/07 2024 01/01 2025 Pillar I – CRR requirement 8.0% 8.0% 8.0% 8.0% 8.0% Pillar II – SREP requirement1 2.6% 2.3% 2.3% 2.3% 2.0% CRR capital conservation buffer 2.5% 2.5% 2.5% 2.5% 2.5% CRR countercyclical buffer 2.0% 2.0% 1.75% 1.25% 1.25% Systemic risk buffer - - - - 0.5% Total requirement 15.1% 14.8% 14.55% 14.05% 14.25% Management capital buffer 1.0% 1.0% 1.0% 1.0% 1.0% MANAGEMENT TARGET 16.1% 15.8% 15.55% 15.05% 15.25% 2025 capital requirement will increase by 20bps due to the introduction of a systemic risk buffer of 50bps offset by a lower SREP requirement by 30bps CAPITAL & REGULATORY REQUIREMENTS Note: The CNB usually re-assesses the above SREP capital requirements annually. The CNB may also launch an ad-hoc extraordinary SREP process, for example, in case of a change of the Bank’s consolidated unit. (1) Although Pillar II capital requirement was set only on a consolidated basis, its value is used with a delay in setting the MREL requirement on an individual basis. Capital requirement on a consolidated basis Capital requirement on an individual basis 60
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APPENDIX Events with Investors Capital Requirements Distributed Dividends and Total Shareholder Return Deposit and Lending Market Financial Statements & Key Performance Ratios Glossary of Terms
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Between 2016 and 2024, we generated a cumulative net profit of CZK 39 billion with a pay-out ratio at 88% DISTRIBUTION OF DIVIDENDS 2016 - 2024 Note: Dividend policy remains valid as long as MONETA operates at a capital adequacy ratio at a minimum of 100bps above the regulatory capital requirement and is subject to variety of other factors and conditions. (1) Subject to corporate, regulatory and regulator’s limitations and approval of the Annual General Meeting; (2) In March 2020, the CNB instructed the banking sector to suspend their dividend policies. This recommendation stayed in place until 30 September 2021; (3) CZK 3.30 per share represents the interim dividend distributed on 17 December 2019; (4) Share price as at 25 November 2024 – the record date for the dividend; (5) Calculated as the ratio of cumulative dividend for the years 2016-2024 and an average share price during the same period. 62 4,054 3,923 4,200 4,019 2,601 3,984 5,187 5,200 5,808 5,008 4,088 3,143 1,686 1,533 3,577 4,088 4,599 1,533 5,110Net profit Dividend 2016 2017 2018 2019 2020 2021 2022 2023 Extraordinary dividend 2024E1 2016-2024E cumulative Pay-out ratio 124% 104% 75% 42%2 59% 90% 79% 88% n/a 88% 88% Dividend per share (CZK) 9.80 8.00 6.15 3.30 3 3.00 7.00 8.00 9.00 3.00 10.00 67.25 Share price – end of period (CZK) 82.80 82.40 72.50 85.00 68.00 93.75 76.00 93.60 122.4 4 123.80 n/a Dividend yield 11.8% 9.7% 8.5% 3.9% 4.4% 7.5% 10.5% 9.6% 2.5% 8.1% 74.7%5 Net profit and dividend distribution (CZK m)
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95.0 105.0 115.0 125.0 135.0 145.0 155.0 01/01/2024 15/01/2024 29/01/2024 12/02/2024 26/02/2024 11/03/2024 25/03/2024 08/04/2024 22/04/2024 06/05/2024 20/05/2024 03/06/2024 17/06/2024 01/07/2024 15/07/2024 29/07/2024 12/08/2024 26/08/2024 09/09/2024 23/09/2024 07/10/2024 21/10/2024 04/11/2024 18/11/2024 02/12/2024 16/12/2024 30/12/2024 MONETA Komerční banka Eurostoxx banks MONETA delivered a total shareholder return of 48%, above European banks’ average TOTAL SHAREHOLDER RETURN COMPARISON 63 +35.4% MONETA Komerční banka Euro Stoxx Banks2 Total shareholders return1 as at 31 December 2024 (%) Source: Company information, Bloomberg as at 31 December 2024; Note: (1) Calculated as the sum of share price performance as at 31 December 2024 vs 31 December 2023 and reinvested dividends paid in 2024; (2) EuroStoxx incl. 42 banks from the SX7P STOXX Europe 600 Banks Index. +48.0% +29.4%
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APPENDIX Events with Investors Capital Requirements Distributed Dividends and Total Shareholder Return Deposit and Lending Market Financial Statements & Key Performance Ratios Glossary of Terms
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In 2024, we focused our deposit strategy on repricing which resulted in below-the-market growth CZECH DEPOSIT MARKET Note: Source: Market: Czech National Bank ARAD; Deposits include building savings deposits and further deposits of residents only, i.e. excluding non- residents, MONETA: Deposits include residents and non-residents including building savings deposits, excluding CSA and repo operations. 65 Deposit market (CZK bn) Retail deposits (CZK bn) Commercial deposits (CZK bn) 313.2 4Q 314.8 1Q 325.3 2Q 322.7 3Q 3,416.7 3,492.7 3,562.2 3,599.9 Nov 3,619.8 321.1 +5.9%/+2.5% 86.1 4Q 90.9 1Q 100.6 2Q 98.8 3Q 3,021.3 3,420.6 3,447.3 3,513.8 Nov 3,545.6 100.5 +17.4%/+16.7%399.2 4Q 405.7 1Q 425.8 2Q 421.4 3Q 421.6 Nov 6,437.9 6,913.4 7,009.5 7,113.6 7,165.4 +11.3%/+5.6% Market MONETA 20242023 20242023 20242023
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Overall, our lending growth was almost in line with the market and outperformed in the commercial segment CZECH LENDING MARKET Source: Market: Czech National Bank ARAD; Market gross loans include building savings loans and further residents’ loans only, i.e. excluding non- residents; MONETA: gross loans include residents and non-residents including building savings loans, principal, interests and fees. 66 Lending market – Gross loans (CZK bn) Retail gross loans (CZK bn) Commercial gross loans (CZK bn) 182.3 4Q 183.0 1Q 184.3 2Q 183.5 3Q 2,147.6 2,168.9 2,203.5 2,237.3 Nov 2,265.6 184.9 +5.5%/+1.4% 85.4 4Q 88.3 1Q 91.3 2Q 91.3 3Q 1,818.5 1,853.1 1,868.8 1,896.8 Nov 1,892.0 92.1 +4.0%/+7.8% 267.7 4Q 271.3 1Q 275.6 2Q 274.8 3Q 3,966.1 4,022.0 4,072.3 4,134.1 Nov 4,157.5 277.0 +4.8%/+3.5% Market MONETA 20242023 20242023 20242023
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APPENDIX Events with Investors Capital Requirements Distributed Dividends and Total Shareholder Return Deposit and Lending Market Financial Statements & Key Performance Ratios Glossary of Terms
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CZK m 31/12/2024 31/12/20231 % Change Cash and cash balances at central bank 13,541 10,871 24.6% Derivative financial instruments with positive fair values 596 544 9.6% Investment securities 116,664 104,353 11.8% Hedging derivatives with positive fair values 2,314 2,701 (14.3)% Change in fair value of items hedged on portfolio basis 200 122 63.9% Loans and receivables to banks 79,206 69,632 13.7% Loans and receivables to customers 275,383 263,064 4.7% Intangible assets 3,365 3,332 1.0% Property and equipment 2,260 2,400 (5.8)% Investments in associates 3 3 0.0% Current tax assets 70 76 (7.9)% Deferred tax assets 0 0 n/a Other assets 1,380 1,086 27.1% TOTAL ASSETS 494,982 458,184 8.0% Due to banks 3,834 5,423 (29.3)% Due to customers 430,021 399,497 7.6% Derivative financial instruments with negative fair values 532 523 1.7% Hedging derivatives with negative fair values 4,259 4,548 (6.4)% Change in fair value of items hedged on portfolio basis 78 63 23.8% Issued bonds 11,562 3,808 203.6% Subordinated liabilities 7,622 7,604 0.2% Provisions 263 266 (1.1)% Current tax liabilities 47 54 (13.0)% Deferred tax liabilities 469 462 1.5% Other liabilities 4,416 3,733 18.3% Total Liabilities 463,103 425,981 8.7% Share capital 10,220 10,220 0.0% Statutory reserve 102 102 0.0% Other reserves 1 1 0.0% Retained earnings 21,556 21,880 (1.5)% Total Equity 31,879 32,203 (1.0)% TOTAL LIABILITIES & EQUITY 494,982 458,184 8.0% Consolidated statement of financial position FINANCIAL STATEMENTS Note: (1) Audited. 68
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CZK m 31/12/20221 31/03/2023 30/06/2023 30/09/2023 31/12/20231 31/03/2024 30/06/2024 30/09/2024 31/12/2024 Cash and cash balances at central bank 12,467 7,441 10,303 13,365 10,871 12,226 9,468 11,816 13,541 Derivative financial instruments with positive fair values 761 726 652 690 544 560 575 504 596 Investment securities 57,951 80,195 80,483 88,056 104,353 103,215 101,967 106,040 116,664 Hedging derivatives with positive fair values 4,942 4,345 3,731 3,991 2,701 2,681 2,669 2,011 2,314 Change in fair value of items hedged on portfolio basis (2,090) (1,597) (1,147) (989) 122 244 74 864 200 Loans and receivables to banks 37,886 40,638 55,109 68,120 69,632 75,327 90,581 89,755 79,206 Loans and receivables to customers 268,752 266,012 268,027 268,987 263,064 266,731 271,010 270,364 275,383 Intangible assets 3,379 3,324 3,280 3,252 3,332 3,323 3,285 3,287 3,365 Property and equipment 2,318 2,360 2,361 2,443 2,400 2,392 2,315 2,236 2,260 Investments in associates 3 4 4 2 3 3 4 2 3 Current tax assets 6 8 23 33 76 66 184 92 70 Deferred tax assets 0 0 0 0 0 8 8 7 0 Other assets 1,135 1,129 1,003 1,113 1,086 1,250 1,123 1,241 1,380 TOTAL ASSETS 387,510 404,585 423,829 449,063 458,184 468,026 483,263 488,219 494,982 Due to banks 5,953 5,439 7,707 7,379 5,423 6,441 6,427 3,740 3,834 Due to customers 334,251 350,329 368,177 393,012 399,497 405,920 426,073 421,621 430,021 Derivative financial instruments with negative fair values 747 719 631 674 523 516 528 467 532 Hedging derivatives with negative fair values 845 935 1,545 1,502 4,548 4,497 3,691 5,964 4,259 Change in fair value of items hedged on portfolio basis (438) (287) (169) (113) 63 81 66 135 78 Issued bonds 5,520 5,479 4,909 3,740 3,808 3,856 3,874 11,545 11,562 Subordinated liabilities 4,687 4,630 7,501 7,561 7,604 7,548 7,591 7,568 7,622 Provisions 306 250 238 308 266 263 260 266 263 Current tax liabilities 482 515 163 146 54 79 48 63 47 Deferred tax liabilities 496 476 408 418 462 357 394 418 469 Other liabilities 3,570 3,794 3,238 3,461 3,733 4,979 4,003 4,592 4,416 Total Liabilities 356,419 372,279 394,348 418,088 425,981 434,537 452,955 456,379 463,103 Share capital 10,220 10,220 10,220 10,220 10,220 10,220 10,220 10,220 10,220 Statutory reserve 102 102 102 102 102 102 102 102 102 Other reserves 1 1 1 1 1 1 1 1 1 Retained earnings 20,768 21,983 19,158 20,652 21,880 23,166 19,985 21,517 21,556 Total Equity 31,091 32,306 29,481 30,975 32,203 33,489 30,308 31,840 31,879 TOTAL LIABILITIES & EQUITY 387,510 404,585 423,829 449,063 458,184 468,026 483,263 488,219 494,982 Consolidated statement of financial position – quarterly development FINANCIAL STATEMENTS Note: (1) Audited. 69
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CZK m 2024 20231 % Change Interest and similar income 22,207 22,046 0.7% Interest expense and similar charges (13,288) (13,469) (1.3%) Net interest income 8,919 8,577 4.0% Fee and commission income 3,725 3,217 15.8% Fee and commission expense (665) (593) 12.1% Net fee and commission income 3,060 2,624 16.6% Dividend income 0 3 (100.0%) Net income from financial operations 860 889 (3.3%) Other operating income 72 54 33.3% Total operating income 12,911 12,147 6.3% Personnel expenses (2,664) (2,504) 6.4% Administrative expenses (1,552) (1,633) (5.0%) Depreciation and amortisation (1,225) (1,233) (0.6%) Regulatory charges (216) (307) (29.6%) Other operating expenses (65) (53) 22.6% Total operating expenses (5,722) (5,730) (0.1%) Profit for the period before tax and net impairment of financial assets 7,189 6,417 12.0% Net impairment of financial assets (386) (305) 26.6% Profit for the period before tax 6,803 6,112 11.3% Taxes on income (995) (912) 9.1% Profit for the period after tax 5,808 5,200 11.7% Total comprehensive income attributable to the equity holders 5,808 5,200 11.7% Consolidated statement of profit or loss and other comprehensive income FINANCIAL STATEMENTS 70Note: (1) Audited.
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CZK m 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 Interest and similar income 4,534 4,855 5,374 5,769 6,048 5,964 5,751 5,345 5,147 Interest expense and similar charges (2,431) (2,824) (3,207) (3,571) (3,867) (3,889) (3,641) (3,040) (2,718) Net interest income 2,103 2,031 2,167 2,198 2,181 2,075 2,110 2,305 2,429 Fee and commission income 753 760 799 836 822 881 917 919 1,008 Fee and commission expense (59) (144) (136) (154) (159) (141) (165) (165) (194) Net fee and commission income 694 616 663 682 663 740 752 754 814 Dividend income 1 1 0 1 1 0 0 0 0 Net income from financial operations 134 183 188 278 240 285 229 164 182 Other operating income 72 13 10 21 10 17 14 22 19 Total operating income 3,004 2,844 3,028 3,180 3,095 3,117 3,105 3,245 3,444 Personnel expenses (674) (578) (595) (593) (738) (620) (625) (632) (787) Administrative expenses (429) (365) (415) (367) (486) (330) (405) (380) (437) Depreciation and amortisation (315) (323) (312) (304) (294) (301) (303) (307) (314) Regulatory charges 0 (267) (40) 0 0 (228) 12 0 0 Other operating expenses (25) (12) (10) (12) (19) (7) (32) (11) (15) Total operating expenses (1,443) (1,545) (1,372) (1,276) (1,537) (1,486) (1,353) (1,330) (1,553) Profit for the period before tax and net impairment of financial assets 1,561 1,299 1,656 1,904 1,558 1,631 1,752 1,915 1,891 Net impairment of financial assets (216) 116 (146) (142) (133) (135) (102) (114) (35) Profit for the period before tax 1,345 1,415 1,510 1,762 1,425 1,496 1,650 1,801 1,856 Taxes on income (281) (200) (247) (268) (197) (210) (232) (269) (284) Profit for the period after tax 1,064 1,215 1,263 1,494 1,228 1,286 1,418 1,532 1,572 Total comprehensive income attributable to the equity holders 1,064 1,215 1,263 1,494 1,228 1,286 1,418 1,532 1,572 Consolidated statement of profit or loss and other comprehensive income - quarterly development FINANCIAL STATEMENTS 71
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Profitability FY 2024 FY 2023 Change in pp Yield (% avg net customer loans) 4.9% 4.7% 0.2 Cost of funds (% avg deposits and received loans)1 2.99% 3.33% (0.34) Cost of funds on customer deposits (% avg deposits) 2.93% 3.30% (0.37) NIM (% avg int earning assets) 2,3,4 1.9% 2.1% (0.2) Cost of risk (% avg net customer loans) 0.14% 0.11% 0.03 Risk-adj. yield (% avg net customer loans) 4.8% 4.6% 0.2 Net fee & commission income / Operating income (%) 23.7% 21.6% 2.1 Net non-interest income / Operating income (%) 30.9% 29.4% 1.5 Cost to income ratio 44.3% 47.2% (2.9) RoTE 20.4% 18.0% 2.4 RoE 18.2% 16.1% 2.1 RoAA2 1.2% 1.2% 0.0 Liquidity / Leverage Loan to deposit ratio 64.1% 65.9% (1.8) Total equity / Total assets 6.4% 7.0% (0.6) High-quality liquid assets / Customer deposits 43.5% 40.0% 3.5 Liquidity coverage ratio 357.2% 354.4% 2.8 Capital Adequacy RWA density 35.0% 36.4% (1.4) Regulatory leverage 5.1% 5.7% (0.6) Total CAR (%) 18.2% 20.1% (1.9) Tier 1 ratio (%) 14.5% 15.7% (1.2) Asset Quality Non-performing loan ratio (%) 1.3% 1.4% (0.1) Core non-performing loan coverage (%) 39.5% 47.9% (8.4) Total NPL coverage (%) 113.6% 121.6% (8.0) Loan to value ratio (%)5 53.4% 58.8% (5.4) Loan to value ratio on new volumes (%, weighted average) 56.9% 58.4% (1.5) Operating platform Branch network 124 134 (7.5)% Own & shared ATMs6 1,966 1,971 (0.3)% Total employees7 2,490 2,511 (0.8)% Key performance ratios FINANCIAL STATEMENTS Note: (1) Deposits include issued bonds and exclude opportunistic repo transactions and CSA; (2) Including opportunistic repo operations; (3) Interest earning assets include encumbered assets; (4) Hedging derivatives are excluded from the calculation of interest ear ning assets; (5) On performing retail mortgage loans only; (6) ATM network including MONETA ATMs, Komerční banka ATMs, Air Bank ATMs and UniCredit Bank ATMs; (7) Number of employees as of the last day of the reported period, excluding members of the Supervisory Board and the Audit Com mittee. Data restated due to change of methodology calculation. 72
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Profitability 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 Yield (% Avg Net Customer Loans) 4.4% 4.4% 4.6% 4.7% 4.9% 4.9% 4.9% 4.9% 4.9% Cost of Funds (% Avg Deposits and Received Loans)1 2.65% 2.94% 3.21% 3.42% 3.58% 3.60% 3.29% 2.70% 2.37% Cost of Funds on Customer Deposits (% Avg Deposits) 2.63% 2.91% 3.19% 3.39% 3.55% 3.58% 3.24% 2.63% 2.25% NIM (% Avg Int Earning Assets) 2,3,4 2.3% 2.1% 2.1% 2.1% 2.0% 1.8% 1.8% 1.9% 2.0% Cost of Risk (% Avg Net Customer Loans) 0.32% (0.17)% 0.22% 0.21% 0.20% 0.20% 0.15% 0.17% 0.05% Risk-adj. Yield (% Avg Net Customer Loans) 4.1% 4.6% 4.4% 4.5% 4.7% 4.7% 4.8% 4.7% 4.8% Net Fee & Commission Income / Operating Income (%) 23.1% 21.7% 21.9% 21.4% 21.4% 23.7% 24.2% 23.2% 23.6% Net Non-Interest Income / Operating Income (%) 30.0% 28.6% 28.4% 30.9% 29.5% 33.4% 32.0% 29.0% 29.5% Cost to Income Ratio 48.0% 54.3% 45.3% 40.1% 49.7% 47.7% 43.6% 41.0% 45.1% RoTE 15.4% 16.8% 19.3% 21.6% 17.0% 17.1% 21.0% 21.5% 22.1% RoE 13.7% 15.0% 17.1% 19.3% 15.3% 15.4% 18.7% 19.2% 19.7% RoAA2 1.1% 1.2% 1.2% 1.4% 1.1% 1.1% 1.2% 1.3% 1.3% Liquidity / Leverage Loan to Deposit ratio 80.5% 76.0% 72.9% 68.5% 65.9% 65.8% 63.6% 64.2% 64.1% Total Equity / Total Assets 8.0% 8.0% 7.0% 6.9% 7.0% 7.2% 6.3% 6.5% 6.4% High-Quality Liquid Assets / Customer Deposits 25.7% 30.8% 32.7% 36.3% 40.0% 40.5% 41.9% 43.5% 43.5% Liquidity Coverage Ratio 213.7% 273.9% 284.8% 312.1% 354.4% 359.5% 339.5% 340.1% 357.2% Capital Adequacy RWA density 43.4% 41.4% 39.9% 37.6% 36.4% 36.3% 35.4% 35.6% 35.0% Regulatory leverage 6.7% 6.4% 6.1% 5.8% 5.7% 5.6% 5.4% 5.5% 5.1% Total CAR (%) 18.0% 18.1% 19.7% 19.9% 20.1% 19.6% 19.4% 19.2% 18.2% Tier 1 Ratio (%) 15.3% 15.4% 15.4% 15.5% 15.7% 15.4% 15.4% 15.3% 14.5% Asset Quality Non-Performing Loan Ratio (%) 1.4% 1.3% 1.3% 1.3% 1.4% 1.4% 1.4% 1.4% 1.3% Core Non-Performing Loan Coverage (%) 53.4% 51.4% 49.7% 48.2% 47.9% 46.6% 47.2% 46.4% 39.5% Total NPL Coverage (%) 134.8% 137.1% 133.4% 130.8% 121.6% 118.5% 116.1% 112.0% 113.6% Loan to value ratio (%)5 60.4% 60.1% 59.8% 59.5% 58.8% 57.8% 57.5% 56.1% 53.4% Loan to value ratio on new volumes (%, weighted average) 55.6% 59.3% 60.0% 57.2% 57.8% 59.5% 60.3% 56.0% 54.1% Operating platform Branch network 153 140 140 140 134 134 134 134 124 Own & shared ATMs6 1,413 2,047 2,058 2,009 1,971 1,976 1,978 1,981 1,966 Total employees7 2,689 2,550 2,510 2,520 2,511 2,510 2,498 2,525 2,490 FINANCIAL STATEMENTS Note: (1) Deposits include issued bonds and exclude opportunistic repo operations and CSA. Data restated in 2Q 2024 and 3Q 2024; (2) Including opportunistic repo operations; (3) Interest earning assets include encumbered assets; (4) Hedging derivatives are excluded from the calculation of interest earning assets; (5) On performing retail mortgage loans only; (6) ATM network including MONETA ATMs, Komerční banka ATMs since 2Q’22, Air Bank ATMs and UniCredit Bank ATMs since 1Q’23; (7) Number of employees as of the last day of the reported period, excluding members of the Supervisory Board and the Audit Committee. Data restated due to change of methodology calculation. 73 Key performance ratios – quarterly development
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APPENDIX Events with Investors Capital Requirements Distributed Dividends and Total Shareholder Return Deposit and Lending Market Financial Statements & Key Performance Ratios Glossary of Terms
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Acquired entities Means MONETA Stavební Spořitelna, a.s. (formerly Wüstenrot – stavební spořitelna, a.s.) and Wüstenrot hypoteční banka, a.s. Acquisition Means the purchase of the Acquired entities Annual premium equivalent Annual premium equivalent is an equivalent of twelve months written premium on all contracts originated during the period. Annualised Adjusted so as to reflect the relevant rate on the full-year basis ARAD ARAD is a public database that is part of the information service of the Czech National Bank. It is a uniform system of presenting time series of aggregated data for individual statistics and financial market areas Auto MONETA Auto, s.r.o. Average balance of net interest earning assets Two-point average of the beginning and ending balances of Net Interest Earning Assets for the period Average balance of net loans to customers Average of the beginning and ending balances of Loans and receivables to customers for the period Average balance of total assets Two-point average of the beginning and ending balances of Total Assets for the period Bank MONETA Money Bank, a.s. bn Billions bps Basis points Building savings/Building savings deposits Saving product, typical for building savings banks. The Bank undertakes clients’ deposits determined for housing financing. This act is supported by a financial contribution from the state. Building saving loans/Bridging loans Building savings loan provided based on a building savings product. The bridging loan is exclusively in the area of building savings, tied only to housing needs. Bridging loans are used to bridge the period during which the conditions for negotiating a building savings loan are not met. CAR / Capital Adequacy Ratio Ratio calculated as regulatory capital as a percentage of risk-weighted assets CET1 ratio CET 1 capital as a percentage of RWA (calculated pursuant to CRR) CNB Czech National Bank Cost Base / OPEX Total operating expenses Cost of Funds (% Avg Deposits) Interest expense and similar charges for the period (excl. deposit interest rate swaps and opportunistic repo interest expenses) divided by the average balance of Due to banks, Due to customers and issued bonds and subordinated liabilities, excl. opportunistic repo operations and CSA GLOSSARY 1/3 75 Cost of Funds on Customer Deposits (% Avg Deposits) Interest expense and similar charges on customer deposits for the period divided by the average balance of customer deposits CoR or cost of risk or cost of risk (% Avg Net Customer Loans) Net impairment of financial assets divided by the average balance of net loans to customers since 2018 based on IFRS 9. If cost of risk is shown in CZK, then it corresponds to „Net impairment of financial assets“ Cost to income ratio (C/I) Ratio (expressed as a percentage) of total operating expenses for the period to total operating income for the period CRR Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012, as amended CSA Credit Support Annex is a legal document which regulates credit support (collateral) for derivative transactions Customer deposits Due to customers excluding repo operations, subordinated liabilities and CSA CZSO Czech Statistical Office Drawn limit / Overdraft drawn Loans and receivables to customer balance ETR / Effective Tax Rate Effective Tax Rate – calculated as taxes on income divided by profit for the period before tax Expected credit loss model The impairment model that measures credit loss allowances using a three-stage approach based on the extent of credit deterioration of financial assets since origination; Stage 1 – financial assets with no significant increase in credit risk since initial recognition, Stage 2 - financial assets with significant increase in credit risk since initial recognition but not in default, Stage 3 – financial assets in default FTE Figure states full time equivalents in the last month of the quarter FVTOCI Financial assets measured at Fair Value Through Other Comprehensive Income FVTPL Financial assets measured at Fair Value Through Profit or Loss
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Net Non-Interest Income Total operating income less net interest and similar income for the period New volume / New production Aggregate of loan principal disbursed in the period for non-revolving loans New volume yield / New production yield Instalment products: model output of yield expected to be generated on newly originated loans based on inputs combining actual contractual terms and expected behaviour of the loan for the specific type of the loan product. Revolving products (credit cards and working capital): weighted average of contractual rate on newly originated loans (credit limit) NPL / Non-performing loans Non-performing loans as determined in accordance with the MONETA´s loan receivables categorisation rules (substandard, doubtful, loss), Stage 3 according to IFRS 9 NPL Ratio Ratio (expressed as a percentage) of NPL to gross loans and receivables to customers NPL Coverage / Coverage / Total NPL Coverage Ratio (expressed as a percentage) of loss allowances for loans and advances to customers to NPL Operating profit Operating profit represents profit for the period before tax and Cost of Risk Opportunistic repo operations Repo transactions with counterparties which are closed on a back-to-back basis by reverse repo transactions with the CNB POCI POCI means purchased or originated financial asset(s) that are credit-impaired on initial recognition and indicates that a financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred Portfolio yield Please refer to the definition of yield pp Percentage points Q Quarter QtD Quarter-to-date QtQ Quarter-to-quarter RAOI All interest and non-interest income generated by each lending product within the segment, minus Cost of Funds allocated to each lending product (by using average Group core Cost of Funds and leverage), minus cost of IR hedging allocated to each lending product and minus credit losses booked on each lending product for the period Regulatory Capital Mainly consists of paid-up registered share capital, share premium, retained profits, disclosed reserves and reserves for general banking risks, which must be netted off against accumulated losses, certain deferred tax assets, certain intangible assets and treasury shares held by the Company (calculated pursuant to CRR) Regulatory Leverage Relative size of an institution's assets, off-balance sheet obligations and contingent obligations to pay or to deliver or to provide collateral, including obligations from received funding, made commitments, derivates or repurchase agreements, but excluding obligations which can only be enforced during the liquidation of an institution, compared to that institution's own funds Return on Tangible Equity or RoTE Return on tangible equity calculated as annualised profit after tax for the period divided by tangible equity Retail clients Clients/individuals who have their product signed using their personal identification number Funding Base Sum of Due to customers, Due to Banks, Issued Bonds and subordinated liabilities and excluding opportunistic repo operations and CSA FY Financial year GDP Gross domestic product Group The Bank and its subsidiaries Gross performing loans Performing loans and receivables to customers as determined in accordance with the MONETA’s loan receivables categorisation rules (Standard, Watch) Gross written premium Gross written premium is the sum of all monthly premiums collected during the period IDD Insurance Distribution Directive IFRS International Financial Reporting Standards Investment securities Equity and debt securities in the Group´s portfolio, consist of securities measured at amortised cost, fair value through other comprehensive income (FVTOCI) and fair value through profit or loss (FVTPL) k/ths Thousands Leasing MONETA Leasing, s.r.o. Liquid Assets Liquid assets comprise cash and balances with central banks, investment securities (not transferred as collateral in repurchase agreements), loans and receivables to banks LCR/Liquidity Coverage Ratio Liquidity Coverage Ratio measures the ratio (expressed as a percentage) of MONETA’s buffer of high quality liquid assets to its projected net liquidity outflows over a 30-day stress period, as calculated in accordance with EU Regulation 2015/61 LtD ratio or Loan to Deposit ratio Loan to deposit ratio calculated as net loans and receivables to customers divided by customer deposits, excluding subordinated liabilities, CSA and repos M / m Millions Management overlay Increment to expected credit loss estimate which compensates insufficient sensitivity of core IFRS 9 model to specific macroeconomic conditions MONETA MONETA has the same meaning as the Group MREL Minimum Requirement of Own Funds and Eligible Liabilities MSS MONETA Stavební Spořitelna, a.s. (formerly Wüstenrot – stavební spořitelna, a.s.) Net Income/Net Profit Profit for the period after tax Net Interest Earning Assets Cash and balances with the central bank, investment securities, loans and receivables to banks, loans and receivables to customers and prior to the transition to IFRS 9 also financial assets at fair value through profit or loss, financial assets available for sale, financial assets held to maturity Net Interest Margin or NIM Net interest and similar income divided by the average balance of net interest earning assets GLOSSARY 2/3 76
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GLOSSARY 3/3 77 Retail unsecured instalment loans/ Consumer loans/Unsecured consumer loans Non-purpose, unsecured and revolving loans to retail clients; including building savings and bridging loans Return on Average Assets or RoAA Return on average assets calculated as annualised profit after tax for the period divided by the average balance of total assets Return on Equity or RoE Return on equity calculated as annualised profit after tax for the period divided by total equity RWA Risk-Weighted Assets calculated pursuant to CRR RWA density Calculates the weighted average risk weight for the entire banking and trading book (incl. Off- balance & On-balance sheet) plus considering also Operational Risk, Market Risk and Counterparty Credit Risk RWA. It is defined as the Leverage Ratio to the Tier 1 Adequacy Ratio RWA portfolio density Calculates the weighted average risk weight of the loan portfolio only (incl. Off-balance & On- balance sheet) considering credit conversion factor effects per unit of exposure (zero credit conversion factors are substituted by 10%). It is defined as the ratio of RWA to the Net Financing Receivables, i.e. utilising Specific Credit Risk Adjustments Small Business clients Clients or enterprises with an annual turnover of up to CZK 60 million Small Business loan portfolio Loans and receivables of unsecured instalment loans, commercial credit cards and unsecured overdrafts provided to an enterprise with an annual turnover of up to CZK 60 million Small Business (new) production New volume of unsecured instalment loans and receivables to Small Business customers SME / SME clients Clients or enterprises who have their product on an identification number with an annual turnover above CZK 60 million SREP Supervisory Review and Evaluation Process, when the supervisor regularly assesses and measures the risks for each bank Stage 1, Stage 2, Stage 3 Stage 1 – financial assets with no significant increase in credit risk since initial recognition, Stage 2 - financial assets with significant increase in credit risk since initial recognition but not in default, Stage 3 – financial assets in default Supplementary housing loans MSS portfolio – retail bridging loans and building savings loans. Tangible Equity Calculated as total equity less intangible assets and goodwill Tier 1 Capital The aggregate of Common equity tier 1 (CET1 Capital) and Additional Tier 1 which mainly consists of capital instruments and other items (including certain unsecured subordinated debt instruments without a maturity date) provided in Art. 51 of CRR Tier 1 Capital Ratio Tier 1 Capital as a percentage of risk-weighted assets Tier 2 Capital, T2 Regulatory Capital which consists of capital instruments, subordinated loans and other items (including certain unsecured subordinated debt obligations with payment restrictions) provided in Art. 62 of CRR Total Capital Ratio Tier 1 Capital and Tier 2 Capital as a percentage of risk-weighted assets Total NPL Coverage Ratio (expressed as a percentage) of individual and portfolio provisions for loans and receivables to total non-performing loans and receivables Total Shareholder Return/TSR Total Shareholder Return based on the Bloomberg methodology including reinvested dividend Wealth management Distributed wealth management products Y Year Yield (% Avg. Net Customer Loans) Interest and similar income from loans to customers divided by the average balance of net loans to customers YoY Year-on-year YtD Year to date
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Disclaimer and other information 78 • THIS PRESENTATION IS NOT AN OFFER OR A SOLICITATION OF OFFERS TO SELL, PURCHASE OR SUBSCRIBE FOR SHARES OF MONETA MONEY BANK, A.S. (THE “COMPANY”), OTHER SECURITIES OR OTHER FINANCIAL INSTRUMENTS. • Copies of this presentation may not be sent to countries, or distributed in or sent from countries, in which this is barred or prohibited by law. Persons into whose possession this presentation comes should inform themselves about and observe all such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction. This document does not constitute a recommendation regarding any securities. • The Company is under no obligation to update or keep current the information contained in this presentation, to correct any inaccuracies which may become apparent, or to publicly announce the result of any revision to the statements made herein, except to the extent it would be required to do so under applicable law or regulation. • Certain industry and market information in this presentation has been obtained by the Company from third-party sources. The Company has not independently verified such information and neither the Company nor any of its representatives provide any assurance as to and shall not be liable in any respect whatsoever (whether in negligence or otherwise) for the correctness, accuracy, fairness or completeness of such information or opinions contained in this presentation. • The Company was rated A2 with a stable outlook by Moody’s Deutschland GmbH (“Moody’s”). Moody’s was established in the European Union and is registered under Regulation (EC) No. 1060/2009, as amended (the “CRA Regulation”). As such, Moody’s is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website (https://www.esma.europa.eu/supervision/credit-rating-agencies/risk) in accordance with the CRA Regulation. When selecting the rating agency, the Company proceeded in accordance with the obligations laid down in Article 8d of the CRA Regulation. • Figures in charts and tables may not add up due to rounding differences. Forward-looking statements • This presentation and subsequent discussion may contain projections, estimates, forecasts, targets, opinions, prospects, results, returns and forward-looking statements with respect to the management’s medium-term guidance, profitability, costs, assets, capital position, financial condition, results of operations, dividend and business of the Group (together, “forward-looking statements”). The forward-looking statements assume purely organic growth without regard to any potential acquisition. • Any forward-looking statements involve material assumptions and subjective judgements which may or may not prove to be correct and there can be no assurance that any of the matters set out in forward-looking statements will actually occur or will be realised or that such matters are complete or accurate. The assumptions may prove to be incorrect and involve known and unknown risks, uncertainties, contingencies and other important factors, many of which are outside the control of the Group. Actual achievements, results, performance or other future events or conditions may differ materially from those stated, implied and/or reflected in any forward-looking statements due to a variety of risks, uncertainties and other factors. Any forward-looking statement contained in this presentation is made as of the date of this presentation. MONETA Money Bank, a.s. does not assume, and hereby disclaims, any obligation or duty to update forward-looking statements if circumstances or management’s assumptions, beliefs, expectations or opinions should change, unless it would be required to do so under applicable law or regulation. For these reasons, recipients should not place reliance on, and are cautioned about relying on, any forward-looking statements. Material assumptions for forward-looking statements • See slide “Material assumptions for medium-term guidance” on pages 54 and 55.
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Contacts INVESTOR RELATIONS 79 MONETA Money Bank, a.s. BB Centrum, Vyskočilova 1442/1b 140 28 Praha 4 – Michle Tel: +420 224 442 549 i nvestors@moneta.cz www.moneta.cz Identification number: 25672720 Bloomberg: MONET CP ISIN: CZ0008040318 Reuters: MONET.PR SEDOL: BD3CQ16 Linda Kavanová Jarmila Valentová Dana Laštovková
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