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Volvofinans Bank
We are The Mobility Bank
Vision: The Mobility Bank We are building the future platform for
a flexible and mobile car use
Mission: Zero Friction We make it easier for our customers
and partners
Customer promise: A smarter car economy With future payments we create
unbeatable customer journeys
GREAT Our five internal values in Swedish
abbreviating GREAT. (Happiness,result, comittment, responsibility,together)
2020-03-02
* Our target image
*
Owners and board of directors3
Chairman: Urmas KruusvalVice Chairman: Synnöve TryggAnn Hellenius Per Avander
Björn Rentzhog
Jonas Estéen (deputy)Janola Gustafsson (deputy)
Elisbeth MosséenKristian Elvefors
Anders Gustafsson (deputy)Pascal Bellemans (deputy)
INDEPENDENT
VOLVO PERSONVAGNAR AB AB VOLVERKINVEST
VOLVOFINANS BANK AB
50 %50 %
The Swedish Volvo Dealers
59 companies
240 Sales Outlets
270 Service and Repair shops
9,000 Employees
Turnover, SEK 52 bn
Total profit, SEK 1,8 bn (forecast)
*Forecast
44 000
46 000
48 000
50 000
52 000
54 000
56 000
2019* 2018 2017 2016 2015
Turnover (SEK m)
1 4501 5001 5501 6001 6501 7001 7501 8001 850
2019* 2018 2017 2016 2015
Profit(SEK m)
Business Areas Cars, Fleet, Trucks
Sales finance Cars
Number of contracts: 202 800
Total volume: 26 300
Loans: 46%
Leases: 54%
Polestar + Volvofinans Bank
Pure, progressive, performance is the focus of Polestar.
And that doesn't just apply to the cars. This applies to the entire strategy. That's why we offer financing options designed to remove all the hassle of traditional car ownership, so you can focus on the important thing: enjoying a Polestar.
Cars – Cards and CarPay
Volvo Card, CarPay Card and Renault Card
Average number of active accounts: 420 600
Total volume: 1 800 MSEK
Average number of credit customers: 86 900
Total sales Volvo Card: 15 000 MSEK
CarPay app downloads: 500 000
Mobile Payments
Apple Pay
Samsung Pay
CarPay – Tanka and service/repair at
Swedish Volvo Dealers
Number of financing contracts: 35 437
Number of administered contracts: 47 588
Total volume: 7 400 MSEK
Operational leases: 69%
Financial leases: 31%
Trucks
Numbers of contracts: 6 490
Total volume: 4 200 MSEK
Loans: 77%
Leases 23%
Revenues – main factors 2019
Number of contracts
Price on new cars (financed amount)
Price on used cars (residual values) Stibor
Interest margin lending
Liquidity reserve
Interest margin funding Fuel price
Fuel volumes
Lending to credit card customers
Registration of new cars in Sweden379 393
353 729356 036
0
50 000
100 000
150 000
200 000
250 000
300 000
350 000
400 00019
8019
8119
8219
8319
8419
8519
8619
8719
8819
8919
9019
9119
9219
9319
9419
9519
9619
9719
9819
9920
0020
0120
0220
0320
0420
0520
0620
0720
0820
0920
1020
1120
1220
1320
1420
1520
1620
1720
1820
19
Registration of new heavy trucks in Sweden
61986205
6641
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Lending volumes (SEK m)
15 816
24 270
2 0663 365
4 884
7 380
0
5 000
10 000
15 000
20 000
25 000
2014 2015 2016 2017 2018 2019
Loan and Leasing
CARS TRUCKS FLEET
+53%2014-2019
+51%2014-2019
+63%2014-2019
25 2422
2325 24 24 25
27
31
3537 38
0
5
10
15
20
25
30
35
40
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Lending volumes total (SEK bn)+58%
2014-2019
13
6
2224
38
0,0
5,0
10,0
15,0
20,0
25,0
30,0
35,0
40,0
Lending – 60 yearSEK bn
Revenues (SEK m)
878
971
1088
0
200
400
600
800
1 000
1 200
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
C/I – Ratio** Excluding changes in residual value reserveand credit risk reserve
0,530,48
0,46 0,46 0,44
0,53 0,53
0,00
0,10
0,20
0,30
0,40
0,50
0,60
2013 2014 2015 2016 2017 2018 2019
Operating profit (SEK m)
408
502 516
0
100
200
300
400
500
600
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Share of operating profit YE 2019
63%
4%
33%
Cars Trucks Fleet
Operating profit – 60 year
148
502
304
231
408
516
0
100
200
300
400
500
SEK m
Return on Equity
6,8%
8,1%8,9% 8,7% 8,8%
10,1%10,7%
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
2013 2014 2015 2016 2017 2018 2019
Funding facilities December 31 2019
Facility (SEK M) Framework Utilised 181231
NCP-programme 8 000 300 200MTN-programme 20 000 12 792 15 350Short-term banks 2 450 0 0Long-term banks 3 593 1 593 2 083Deposits - 21 217 18 218
Total 35 902 35 851
37%
4%
59%
Sources of funds - Utilised excl Equity
Market Borrowing
Bank
Deposits
Volvofinans Bank Savings Account
Year end: 20 090 MSEK (+20%)
Year end: 87 500 saving customers (+18%)
High degree of relationship customers, 87% of savingsvolume
Very high inflow during Q1 2019
Maturity profile MTN bonds
650
350600
500
800
300
3150
3350
2650
500
0
500
1000
1500
2000
2500
3000
3500
4000
feb-20 mar-20 apr-20 maj-20 jun-20 jul-20 aug-20 sep-20 okt-20 nov-20 dec-20 2021 2022 2023 2024 2025
2020-01-31
Green Bonds
Revised framework in 2019
Exclusion of ethanol hybrids and gashybrids
Introduced a limit value for CO2emissions
Maximum 70 gram WLTP (from 2020)
The new framework resulted in anupgrade of Cicero to Medium Green
Steady growth of Green Loan Portfolio (2.3 bn, Sep -19)
Green Bond Investor Report
Rating Moodys Investors Service
“Moodys affirms Volvofinans Bank’s A3 rating as stableoutlook” – 26 Feb, 2019
“Moodys announces completion of a periodic review ofratings of Volvofinans Bank” – 8 Nov, 2019
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2020-03-02
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