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Green Bond Presentation Hypo Vorarlberg Bank Ag FURKAJOCH OVERLOOKING BREGENZERWALD GREEN BOND PRESENTATION HYPO VORARLBERG BANK AG Switzerland, March 2020 CONTENTS 01 HYPO VORARLBERG BANK AG 02 SUSTAINABILITY 03 BRANCH ST. GALLEN 04 GREEN BOND FRAMEWORK 05 IMPACT REPORTING 06 CONCLUSIO 07 APPENDIX HYPO VORARLBERG 01 BANK AG BREGENZER HAFEN, BODENSEE HYPO VORARLBERG AT A GLANCE Largest single banking institution in Vorarlberg Financial data ▪ 713 employees ▪ Earnings before taxes: EUR 73.39 mn ▪ Total assets of EUR 14.3 billion ▪ Cost-Income ratio: 57.56 % ▪ Total capital ratio: 16.35 % Strong distribution channels in our home market ▪ CET1 capital ratio: 13.54 % ▪ 20 branches (16 in Vorarlberg, also active in St. Gallen, Bolzano and Southern Germany) ▪ Leading corporate bank in Vorarlberg ▪ approx. 90,000 retail- and approx. 11,000 business customers Ratings ▪ S&P: A+ (Outlook: negative)* ▪ Moody‘s: A3 (Outlook: stable) ▪ ISS ESG: C (Prime) ▪ DZ Bank seal of quality for sustainability Source: quarterly report of Hypo Vorarlberg as of September 2019 *updated April 2020 4 OUR SHAREHOLDERS 76.8732 % 23.1268 % AUSTRIA BETEILIGUNGSGESELLSCHAFT MBH VORARLBERGER LANDESKREDITBANK LANDESBANK HOLDING LANDESBANK BADEN-WÜRTTEMBERG (LAND VORARLBERG) BADEN-WÜRTTEMBERG FÖRDERBANK HYPO VORARLBERG BANK AG HYPO HYPO VORARLBERG HYPO IMMOBILIEN HYPO IMMO ITALIA HYPO VORARLBERG VERSICHERUNGS- LEASING IN BOZEN, & LEASING GMBH, BOZEN INFORMATIK MAKLER ITALIEN 5 ON THE RIGHT TRACK WITH OUR BUSINESS STRATEGY ORGANIC WEALTH RAISING DIGITALIZATION GROWTH MANAGEMENT PRODUCTIVITY Regions of growth in Expansion of the top Measures to improve in Taking advantage of eastern Austria and segment of the investment retail banking opportunities in southern Germany business technological change Increase of the teams in Vorarlberg and Vienna 6 FUNDING PLANNING 2020 175 725 50 50 MLN EURO MLN EURO MLN EURO MLN EURO PRIVATE PUBLIC PLACEMENTS RETAIL OWN FUNDS (EMTN, SSD, NSV) BONDS COVERED BONDS AND PLAIN VANILLA, PLAIN VANILLA, TIER 2 SENIOR UNSECURED IN STRUCTURED STRUCTURED BONDS EUR AND CHF BONDS 1 BILLION EUR (WITH A POSSIBLE INCREASE UP TO EUR 1.5 BILLION) Source: Own diagram, January 2020 7 OUR 02 SUSTAINABILITY APPLE BLOSSOM CONSCIENTIOUS BUSINESS AWARENESS IS ONE OF OUR CORE VALUES, WHICH IS ALSO REFLECTED IN OUR ACTIONS LAKE CONSTANZE SHORE, NEAR BREGENZ 9 9 CONSCIENTIOUS BUSINESS ▪ Bringing the economic success of our business activities into balance with ecological compatibility and social aspects ▪ In 2016 we created a dedicated position for Sustainability and Corporate Social Responsibility (CSR) ▪ In our Sustainability team there are representatives of all relevant departments ▪ Conduct of a Stakeholder survey (employees and other stakeholders) and creation of a materiality matrix ▪ Sustainability report according to GRI Option „Core" (NaDiVeG-compliant) ▪ 2019 the project team „EU Action Plan on Sustainable Finance“ was founded 10 10 SUPPORT OF THE VORARLBERG ENERGY AUTONOMY PLAN FOR HYPO VORARLBERG IT IS IMPORTANT TO SUPPORT THE STATE OF VORARLBERG AS OUR OWNER IN ITS OWN AMBITIOUS PROJECT ENERGY AUTONOMY 2050. THE AIM IS TO COVER THE REGIONAL ENERGY DEMAND BY “RENEWABLE ENERGY SOURCES” BY 2050. VORARLBERG ALREADY IS A MODEL REGION IN DIFFERENT ENERGY CONCERNS ON THE NATIONAL AS WELL AS ON INTERNATIONAL LEVEL. 11 11 ENERGY AUTONOMY 2050 – GOALS ENERGY SAVING ENERGY EFFICIENCY RENEWABLE ENERGY RESEARCH, DEVELOPMENT & The reduction of the energy Today there are In Vorarlberg there is a huge EDUCATION demand is the basis of the technologies that allow a amount of renewable energy autonomy. In various better exploitation of the energies like solar energy, Education is an issues this can be reached produced energy sources in hydropower and biomass investment in the future. already by changes of Vorarlberg. These available. The usage of Know-how creates a head behaviour. technologies should have these energies should be start and strengthens priority. expanded. Vorarlberg. For a future worth living for future generations. Source: https://www.energieautonomie-vorarlberg.at/de/die-saeulen-der-energieautonomie (request date: 28.02.2020) 12 SUSTAINABILITY DEVELOPMENT 13 GREAT COMMITMENT FOR SUSTAINABILITY ECONOMIC ECOLOGICAL SOCIAL SUSTAINABILITY AWARENESS PARTICIPATION ▪ Credit products ▪ Conscious planning of our ▪ Sponsorings: (climate-, lifetime- and live own carbon emissions Bregenz Festival, value loan) ▪ CO2 minimum reduction: 1% Hypomeeting ▪ Sustainable investment ▪ Preferably climate neutral ▪ Hypo-Vital to support products (own Green investments in buildings the activities of employees Bonds, terrAssisi, etc.) ▪ Sensitization of employees ▪ Endowment fund ▪ Green Investor concerning the use of „Hypo for Vorarlberg“ energy, paper and water 14 SUSTAINABLE PRODUCTS Hypo Climate Credit ▪ Measures of energy saving (e.g. refurbish buildings thermally, buildings with an energy saving premium of EUR 170,-, installation of renewable energy sources) Hypo Life Value Credit ▪ For clients aged 60 or above we offer additional liquidity by a perpetual mortgage loan, until further notice, only interest will be paid, the credit period until the customer's death or for a limited period stating the possibility of repayment Hypo Lifetime Credit ▪ Flexible Realization of a project (Property purchase, renovation, etc.) ▪ Until further notice, only interest will be paid, flexible repayment depending on liquidity Green Investment Book ▪ Since 2016 Hypo Vorarlberg runs a green investment book, in which it invests in green bonds having a second party opinion from a reputable ESG rating agency and comply with ICMA’s Green Bond Principles 15 15 ETHICAL AND SUSTAINABLE GUIDELINES POSITIVE CRITERIA NEGATIVE RESP. EXCLUSION CRITERIA ▪ New construction / renovation of buildings ▪ Violation of human rights according to the Universal with high energy efficiency Declaration of Human Rights of the UN ▪ Renewable energy projects ▪ Production with child labour (e.g. use of wind, solar panels) ▪ Violation of labour rights according to the ILO ▪ Sustainable mobility and infrastructure core values ▪ Measures to improve water management, ▪ Projects and companies in belligerent states* waste management, etc. ▪ Pornography and prostitution** ▪ Biological agriculture ▪ Banned weapons ▪ Social and cultural projects and buildings ▪ Construction and operation of nuclear power plant** for health, child care, education ▪ Coal mining** ▪ Companies with high sustainability standards * Projects for humanitarian support or primary care for the population are excluded ** No direct project funding 16 16 ISS ESG CORPORATE RATING 14TH OUT OF 252 COMPANIES within its sector (18th February 2020) Source: ISS ESG Corporate Rating, July 2019 17 ISS ESG CORPORATE RATING STRENGTHS WEAKNESSES ▪ Offering of sustainable investment ▪ No explicit measures to integrate products and services ecological and social aspects in ▪ Integration of sustainability the credit review process of aspects in lending private customers ▪ Measures to ensure responsible ▪ No obvious strategy concerning sales and marketing methods the integration of sustainabilty ▪ Measures for guaranteed aspects in the representation of access to financial services shareholders‘ interests without discrimination Source: ISS ESG Corporate Rating, July 2019 18 MOTIVATION FOR OUR „CHF GREEN BOND“ PROJECT ▪ Importance of the topic sustainability for the bank and the managing board ▪ Sustainability has been a long established part of our corporate culture ▪ Reliability, stability and solidarity are basic values for Hypo Vorarlberg ▪ Long-term and organic growth to ensure continuous profitability ▪ Preparing the bank for new (market) conditions from the economic, ecological and social view ▪ Diversification of the investor base ▪ Customers desire for sustainable products 19 19 BRANCH 03 ST. GALLEN ST. GALLEN BRANCH ST. GALLEN ▪ Successfully established in Eastern Switzerland for more than 22 years, only present at one location ▪ Specialist in real estate financing financing solutions for projects from CHF 3 mln. to 20 mln. and above ▪ about 20 employees ▪ Swiss full banking license supervised by FINMA ▪ Total assets about CHF 900 mln. and continuous growth over the last decade ▪ Down-to-earth and mindful business model ▪ Focus on niches 21 THE BUSINESS PORTFOLIO OF ST. GALLEN CORPORATE REAL ESTATE & PRIVATE BANKING CLIENTS INCOME PROPERTY Profit from our know-how and We finance projects with With a securities portfolio competence in corporate a capital demand from from CHF 100’000 you banking. CHF 3 mln. to CHF 20 mln. can profit from our individual and above. consulting services. 22 DETAILS REAL ESTATE FINANCING ▪ The market area is the whole of Switzerland, primarily German-speaking Switzerland with a focus on Eastern Switzerland ▪ New customer acquisition via customer recommendations and online marketing ▪ Business acquisition via existing customers and new customers, customers are served with a dedicated consultant ▪ Search for individual solutions for the customer ▪ Branch offices are also subject to the regulation of the SBA (Swiss Bankers Association) 23 23 DETAILS REAL ESTATE FINANCING ▪ Niche: the segment between "small" retail banks and large players ▪ Commitment sizes possible via the "legal form" branch, thus taking into account the Group's risk-bearing capacity ▪ Properties are verified annually for value (in cooperation with IAZI) ▪ Credit decisions are made against the background of creditworthiness, rating, valuations, market risks, mortgaging, sustainability ▪ Credit Competence as
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