Triodos Bank (TRIO) Investor Presentation summary

Strategic mission and impact focus

• Maintains a 45-year commitment to positive impact, exclusively financing projects with social, environmental, and cultural benefits as a certified B Corp and founding member of GABV.

• Operates across five transition themes: Food, Resources, Energy, Society, and Wellbeing, with sustainable mortgages, targeting robust, future-proof sectors.

• Mission is embedded in its Articles of Association, emphasizing social renewal, equality, and responsibility for societal and environmental consequences.

• Strategy is built on the conscious use of money, responsible capital allocation, and operational efficiency to generate equitable value for all stakeholders.

• Recognized as Europe’s largest publicly traded impact bank, consistently pioneering solutions in sustainable finance and impact measurement.

Business model, operations, and growth

• Integrated ecosystem spans personal and business banking, asset management, and regenerative funding, ensuring diversified income streams and expansive impact.

• Operates in five European geographies, with a customer base of approximately 748,000 and nearly 2,000 employees, maintaining a balanced gender split.

• Focuses on simple, transparent products with a modest risk appetite, resulting in a clean balance sheet, no stranded assets, and low exposure to fossil fuels or industrial farming.

• Loan book is well-diversified, with 46% in mortgages (majority energy A-label) and 54% in corporate loans across multiple sectors and countries.

• Growth is now driven by internal capital generation and retained earnings, reducing reliance on external capital raises.

Financial performance and stability

• Operationally profitable every year since inception, with best-in-class stability in Return on Equity (ROE) and consistent dividend payouts.

• 2024 net profit (excluding one-off provision) was €71.9m, with a ROE of 5.6% and a cost-to-income ratio of 73%.

• Operating income is stable and diversified, with net interest income comprising 75% and fee/commission income 25% of total income.

• Maintains high credit quality, with cost of risk well below traditional banks and limited loan loss provisions.

• Capitalisation is strong, with a CET1 ratio of 16.4%, leverage ratio of 6.7%, and liquidity coverage ratio of 201%, all exceeding regulatory requirements.