SYDBANK – INTERIM REPORT – Q1 2022 3/44 Contents Group Financial Highlights . 4 Highlights . 5 Financial Review – performance in Q1 2022 . 8 Income Statement . 17 Statement of Comprehensive Income . 17 Balance Sheet . 18 Financial Highlights – Quarterly . 19 Capital . 20 Cash Flow Statement . 22 Segment Reporting etc . 23 Notes . 25 Management Statement . 43 Supplementary Information . 44
SYDBANK – INTERIM REPORT – Q1 2022 4/44 Group Financial Highlights Q1 2022 Q1 2021 Index 22/21 Full year 2021 Income statement (DKKm) Core income Trading income Total income Costs, core earnings Core earnings before impairment Impairment of loans and advances etc Core earnings Investment portfolio earnings Profit before non-recurring items Non-recurring items, net Profit before tax Tax Profit for the period 1,200 100 1,300 799 501 (61) 562 (29) 533 37 570 125 445 1,105 73 1,178 833 345 (81) 426 (21) 405 (32) 373 82 291 109 4,436 137 291 110 4,727 96 3,177 145 1,550 75 (415) 132 1,965 138 (21) 132 1,944 - (180) 153 1,764 152 353 153 1,411 Balance sheet highlights (DKKbn) Loans and advances at amortised cost Loans and advances at fair value Deposits and other debt Bonds issued at amortised cost Subordinated capital AT1 capital Shareholders’ equity Total assets 71.6 21.5 93.1 9.6 1.1 0.7 12.2 163.1 61.5 18.2 93.0 9.6 1.9 0.8 11.8 164.8 116 67.0 118 16.9 100 93.9 100 13.3 58 1.9 100 0.8 103 12.4 99 168.2 Financial ratios per share (DKK per share of DKK 10) Profit for the period Share price at end of period Book value Share price/book value Average number of shares outstanding (in millions) Dividend per share Dividend for 2019 (paid out) 7.4 230.8 208.7 1.11 58.4 - - 4.7 170.9 198.5 0.86 59.3 - - 23.0 206.8 212.6 0.97 59.2 12.00 5.70 Other financial ratios and key figures CET1 ratio 16.5 18.1 T1 capital ratio 17.8 19.5 Capital ratio 19.1 23.0 Pre-tax profit as % p.a. of average equity 18.1 12.3 Post-tax profit as % p.a. of average equity 14.1 9.5 Costs (core earnings) as % of total income 61.5 70.7 Return on assets (%) 0.27 0.18 Interest rate risk 1.2 1.2 Foreign exchange position 1.6 2.0 Foreign exchange risk 0.0 0.0 Liquidity, LCR (%) 171 211 Loans and advances relative to deposits 0.6 0.6 Loans and advances relative to equity 5.9 5.2 Growth in loans and advances during the period 6.8 2.1 Total large exposures 150 151 Accumulated impairment ratio 2.1 2.6 Impairment ratio for the period (0.06) (0.10) Number of full-time staff at end of period 2,059 2,166 95 When calculating financial ratios AT1 capital is considered a liability regardless of the fact that it is accounted for as equity. Reference is made to financial ratio definitions in the 2021 Annual Report (page 116). 17.9 19.3 22.8 14.1 11.2 67.2 0.84 1.6 1.1 0.0 200 0.6 5.4 11.3 140 2.2 (0.47) 2,077