Nova Ljubljanska Banka (NLBR) investor relations material

Strategic vision and regional context

• Emphasizes the bank's unique position as a regional leader, deeply rooted in local markets and committed to the economic development of Southeast Europe, with a focus on EU integration and regional convergence.

• Highlights the importance of resilience, adaptability, and disciplined growth amid geopolitical and macroeconomic challenges, leveraging both organic and inorganic expansion.

• Stresses the bank's transformation from a dividend-focused to a growth-oriented, digitally advanced, and sustainability-driven institution.

• Positions the bank as a systemic backbone and advocate for the region, actively promoting positive narratives and integration.

• Maintains a strong commitment to sustainable development, digital transformation, and customer-centric innovation.

Financial performance and shareholder returns

• Achieved significant growth, nearly tripling assets over the past decade, with a current size of EUR 32.2 billion and a total shareholder return of 550% since IPO.

• Achieved over EUR 500 million net profit for three consecutive years, with cumulative dividends paid exceeding the IPO price and share price more than doubling since 2024 Investor Day.

• Dividend yield projected at 7% for 2025, with dividends since IPO totaling EUR 46.1 per share, representing 90% of the IPO price.

• Upgraded payout ratio guidance towards 60% and cost-to-income ratio (CIR) target to low 40s by 2030, with high profitability and robust capital generation.

• Targeting 20-30% IRR TSR by 2030, with EPS/DPS growth of 10% CAGR and cumulative DPS of approximately EUR 90 from 2026-2030.

Strategic growth, market expansion, and M&A

• Balance sheet, revenues, and market cap have more than doubled since IPO, driven by organic growth and disciplined M&A, including recent entry into Croatia and Addiko offer.

• Addiko acquisition offers immediate Croatian presence, digital lending capabilities, and is expected to be accretive from year two.

• Pro-forma market share would reach #1 in several SEE markets, with significant improvements in Croatia and BiH.

• M&A remains disciplined, focused on value accretion, CET1 protection, and cultural fit, with organic growth as the core strategy.

• By 2030, total assets are targeted at EUR 45-50 billion, with recurring revenues over EUR 2 billion and profits above EUR 1 billion.