MONETA Money Bank : Key highlights of MONETA’s 2022-2026 business plan (PDF, 0.11 MB)

MONETA Money Bank : Key highlights of MONETA’s 2022-2026 business plan (PDF, 0.11 MB)

Key highlights of MONETA’s 2022-2026 business plan

Prepared for Wood Spring Emerging Markets Conference

8 – 10 June 2022 in Prague

OVERVIEW OF THE MOST RECENT MACROECONOMIC INDICATORS

CZSO/MF/Bloomberg

Czech National Bank5

Ministry of Finance6

Macroeconomic indicators1

Current

Period

Outlook 2022

Outlook 2023

Outlook 2022

Outlook 2023

GDP growth

4.8%

1Q 22

0.8%

3.6%

1.2%

3.8%

Consumer price index

14.2%

Apr-22

13.1%

4.1%

12.3%

4.4%

Unemployment rate

2.4%

Apr-22

2.4%

2.7%

2.5%

2.6%

Real wage inflation

(2.0%)

4Q 21

(8.5%)

1.0%

(6.8%)

0.0%

Nominal wage inflation

4.0%

4Q 21

4.6%

5.1%

4.6%

4.4%

Industrial production

0.4%

Mar-22

n/a

n/a

n/a

n/a

Foreign trade – import

12.7%

Mar-22

(1.7%)

3.7%

1.3%

4.0%

Foreign trade – export

3.9%

Mar-22

(0.9%)

9.3%

1.5%

4.2%

State budget deficit2

State budget deficit (CZK bn)

189.3

May-22

n/a

n/a

280.0

n/a

State budget as share on GDP

(7.1%)

May-22

n/a

n/a

(4.2%)

n/a

Exchange rate3

Exchange rate (CZK/EUR)

24.70

2.6.2022

24.17

24.31

24.40

24.20

Exchange rate (CZK/USD)

23.10

2.6.2022

21.78

21.47

n/a

n/a

Interest rates3

2-week Repo rate

5.75%

6.5.2022

6.65%

4.82%

n/a

n/a

3-month Pribor

6.21%

1.6.2022

6.96%

5.12%

5.30

4.90

2Y interest rate swap4

6.20%

2.6.2022

5.66%

4.74%

n/a

n/a

3Y interest rate swap4

5.68%

2.6.2022

5.27%

4.63%

n/a

n/a

5Y interest rate swap4

5.22%

2.6.2022

4.95%

4.55%

n/a

n/a

10Y interest rate swap4

4.85%

2.6.2022

4.69%

4.46%

n/a

n/a

Source: CZSO=Czech Statistical Offce, MF=Ministry of Finance. (1) CZSO if not stated otherwise; (2) Ministry of Finance; (3) CNB; (4) Current data and 2022 – 2023 outlook from Bloomberg; (5) CNB Monetary Policy Report – Spring 2022 approved on 12 May, 2022:

https://www.cnb.cz/en/monetary-policy/monetary-policy-reports/Monetary-Policy-Report-Spring-2022/; (6) Macroeconomic Forecast – April 2 2022 published on 8 April, 2022: https://www.mfcr.cz/en/statistics/macroeconomic-forecast/2022/macroeconomic-forecast-april-2022-47118.

PRODUCT DETAIL

Gross Performing Balance

New volume

Current

Forecast

Current

Forecast

Portfolio (CZK bn)

FY 2021

Forecast

Portfolio (CZK bn)

2021

Forecast

YoY %

YoY %

2022

2022

Mortgages

122.6

132.7

8.2%

Mortgages

46.0

23.1

(49.8%)

Consumer lending

47.2

49.0

3.7%

Consumer lending

18.6

17.4

(6.6%)

Auto lending

2.4

2.4

1.8%

Auto lending

1.5

1.3

(11.7%)

CC and Overdrafts

2.5

2.4

(3.3%)

CC and Overdrafts

n/a

n/a

n/a

TOTAL RETAIL

174.8

186.6

6.8%

TOTAL RETAIL

66.1

41.8

(36.8%)

Investment loans

46.2

46.0

(0.4%)

Investment loans

12.0

11.1

(7.1%)

Small business loans

10.0

11.4

14.9%

Small business loans

4.1

4.0

(2.7%)

Working capital

13.7

12.2

(10.8%)

Working capital

n/a

n/a

n/a

Auto lending

6.4

6.9

7.9%

Auto lending

2.5

2.9

13.8%

Leasing

4.6

3.5

(24.2%)

Leasing

1.5

0.9

(36.1%)

TOTAL COMMERCIAL

80.9

80.1

(1.0%)

TOTAL COMMERCIAL

20.1

18.9

(5.7%)

TOTAL PORTFOLIO

255.7

266.7

4.3%

TOTAL PORTFOLIO

86.2

60.7

(29.5%)

Note: Please see page 12 of this presentation for limitations of forward-looking statement.

CURRENT MARKET SHARES

MONETA’s medium-term3-year organic growth targets vs. current position

2025 Strategic

Position as of

Aspiration

April 2022

Mortgage Market Share

10.0%

8.0%1

Unsecured Retail Market Share

17.5%

16.7%

Retail Deposits Market Share

10.0%

7.2%

Asset Management Market Share

7.5%

3.7%

Sources: Mortgage market share, unsecured retail market share and retail deposits market share: CNB ARAD, Asset Management market share:

AKAT CR; (1) In new production MONETA achieved market share of 9.2% in April 2022 based on ČBA Hypomonitor Mortgages.

4

SHAREHOLDER RETURN DEVELOPMENT

Between 2016 and 2021 MONETA distributed to its shareholder dividends in the amount of CZK 37.3 per share which represents pay- out ratio of 84% from net profits

NET PROFIT AND DIVIDEND PAY-OUT(CZK m)

Net profit

5,008

4,200

Dividends

4,054

3,923 4,088

4,019

3,984

3,143

3,577

2,601

2016

2017

2018

2019

2020

2021

2016-2021

2016-2021

Cumulative

Average

Earnings per share (CZK)

7.9

7.7

8.2

7.9

5.1

7.8

44.6

7.4

Dividend per share (CZK)

9.8

8.0

6.15

3.3

3.0

7.0

37.3

6.2

Dividend pay-out ratio

124%

104%

75%

42%

59%

90%

n/a

84%

Price to Earnings ratio

10.4

10.7

8.8

10.8

13.4

12.1

n/a

11.0

Dividend yield

12%

10%

9%

4%

4%

8%

n/a

8%

Share price – end of period (CZK)

82.8

82.4

72.5

85.0

68.0

93.8

n/a

80.7

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Disclaimer

Moneta Money Bank a.s. published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 10:31:03 UTC.

Publicnow 2022

All news about MONETA MONEY BANK, A.S.

Sales 2022 12 317 M
532 M
532 M
Net income 2022 4 618 M
200 M
200 M
Net Debt 2022

P/E ratio 2022 8,38x
Yield 2022 8,84%
Capitalization 39 245 M
1 696 M
1 696 M
Capi. / Sales 2022 3,19x
Capi. / Sales 2023 3,01x
Nbr of Employees 2 929
Free-Float 60,5%

Chart MONETA MONEY BANK, A.S.

Duration :


Period :

MONETA Money Bank, a.s. Technical Analysis Chart | MarketScreener

Income Statement Evolution

Sell

Buy

Mean consensus BUY
Number of Analysts 9
Last Close Price 76,80 CZK
Average target price 107,53 CZK
Spread / Average Target 40,0%

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