Banque Cantonale Vaudoise : Analysts' presentation

2023 Half-Year Results

Investors' and analysts' presentation 17 August 2023

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Half-Year 2023 Financial Results

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Agenda

Introduction

Pascal Kiener, CEO

HY 2023 financial results Thomas W. Paulsen, CFO

Outlook

Pascal Kiener, CEO

Half-Year 2023 Financial Results

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Key messages

Business trends differed across segments: growth in mortgage loans (+2%) and deposits from individuals and SMEs (+1%); decline in other lending (-2%) and deposits from large corporates and institutionals (-5%)

Revenue up 11% to CHF 582m, driven by net interest income, which increased by 23% on higher interest rates

Operating profit up 22% year on year to CHF 276m and net profit up 22% to CHF 240m - the highest half-year net profit since 2007

Half-Year 2023 Financial Results

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HY 2023 key figures

CHF (rounded), unaudited figures

Revenues		Operating profit		Net profit
582m		276m		240m
+11%		+22%		+22%

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Total assets		AuM
58.9bn		112.3bn
-1%	+3%

Half-Year 2023 Financial Results

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