Presentation of SEB's third quarter 2012 results

1. SEB January-September 2012 Annika Falkengren
Results presentation President & CEO

2. Highlights Q3 2012
Robust result in defensive
market environment
More customers and higher
customer satisfaction
Resilience and flexibility:
Capital, liquidity and costs
Q3 2012 PRESS CONFERENCE 2

3. Profit and loss trend
Profit and loss development Q3 2010 – Q3 2012 (SEK bn)
9.7
5.6
-0.2
Q3-10 Q3-11 Q3-12 Q3-10 Q3-11 Q3-12 Q3-10 Q3-11 Q3-12
Operating income Operating expenses Net credit losses
Pre-provision and operating profit Q3 2010 – Q3 Q3 2004 – Q3
Third quarter pre-provision and operating profit 2012 (SEK bn) 2012 (SEK bn)
Operating profit
Pre-provision profit 4.1
Q3-04
Q3-10 Q4-10
Q3-05 Q3-06
Q1-11 Q3-07
Q2-11 Q3-08
Q3-11 Q3-09
Q4-11 Q3-10
Q1-12 Q2-12
Q3-11 Q3-12
Q3 2012 PRESS CONFERENCE 3

4. Income statement
Profit and loss (SEK bn)
Q3-12 Q2-12 % Q3-11 %
Total Operating income 9,681 9,916 -2 9,207 5
Total Operating expenses -5,580 -5,692 -2 -5,533 1
Profit before credit losses 4,101 4,224 -3 3,674 12
Net credit losses etc. -185 -273 -32 35
Operating profit 3,916 3,951 -1 3,709 6
Operating income by type, Q3 2012 vs. Q2 2012 (SEK bn)
4.5
3.2 9%
12%
Customer-
4.0 4.0 45%
driven NII 1.1
0.9
34%
Q3-12 Q2-12 Q3-12 Q2-12 Q3-12 Q2-12 Q3-12 Q2-12
Net interest Net fee and Net financial Net life insurance
income commissions income income
Q3 2012 PRESS CONFERENCE 4

5. Net interest income development
Net interest income Q3 2010 – Q3 2012 (SEK bn)
5.0
4.5
4.0
3.5
3.0
2.5
Q3 Q4 Q1-11 Q2 Q3 Q4 Q1-12 Q2 Q3
Net interest income by income type Q3 2010 – Q3 2012 (SEK bn)
3.2
0.8
0.5
Q3-10 Q3-11 Q3-12 Q3-10 Q3-11 Q3-12 Q3-10 Q3-11 Q3-12
Lending Deposits Funding & other
Q3 2012 PRESS CONFERENCE 5

6. Net fee and commission income development
Net fee and commissions Q3 2010 – Q3 2012 (SEK bn)
5,0
4,5
4,0
3,5
3,0
2,5
Q3-10 Q4 Q1-11 Q2 Q3 Q4 Q1-12 Q2 Q3
Gross fee and commissions by income type Q3 2010 – Q3 2012 (SEK bn)
2,1
1,6
0,6
Q3-10 Q3-11 Q3-12 Q3-10 Q3-11 Q3-12 Q3-10 Q3-11 Q3-12
Advisory, secondary markets and derivatives Custody and mutual funds Payments, cards, lending, deposits and guarantees
Q3 2012 PRESS CONFERENCE 6

7. Net financial income development
Net financial income Q3 2010 – Q3 2012 (SEK bn)
2,5
2,0
1,5
Excl. GIIPS de-risking
1,0
0,5
0,0
Q3-10 Q4 Q1-11 Q2 Q3 Q4 Q1-12 Q2 Q3
Net financial income development (SEK bn) Stability in trading income
NFI Divisions NFI Treasury & Other GIIPS
 Stability from customer-driven
1,2 1,3 flows in divisions
1,2 1,2 1,1 1,2 1,0
0,0 -0,2  Volatility from MTM of liquidity
-0,2
-0,2 portfolio
Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12
Q3 2012 PRESS CONFERENCE 7

8. Increased operating leverage
Average quarterly income (SEK bn) Average quarterly expenses (SEK bn)
9.2 9.4 9.7
5.9 5.8 5.6
Avg 2010 Avg 2011 Avg 2012 Avg 2010 Avg 2011 Avg 2012
Operating leverage
Average quarterly profit before credit losses (SEK bn)
4.1
3.2 3.6
Avg 2010 Avg 2011 Avg 2012
Q3 2012 PRESS CONFERENCE 8

9. Continued high asset quality
Distribution of lending portfolio and credit losses (SEK bn)
Nordics
75%
Baltics
9%
Other Germany
-0.2
3% 13% Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12
NPLs by region Q3 2010 – Q3 2012 (SEK bn)
Nordics Germany Baltics
10.1
2.6 1.6
Q3-10 Q3-11 Q3-12 Q3-10 Q3-11 Q3-12 Q3-10 Q3-11 Q3-12
Q3 2012 PRESS CONFERENCE 9

10. Divisional performance
Operating profit 9M 2012 vs. 9M 2011 (SEK m)
Jan-Sep 2011 Jan-Sep 2012
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Merchant Banking Retail Banking Wealth Management Life Baltic
Q3 2012 PRESS CONFERENCE 10

11. Investments in three focus areas
Corporate franchise in the
Nordics and Germany
SME platform in Sweden
Long-term savings
Q3 2012 PRESS CONFERENCE 11

12. Franchise growth in the Nordics and Germany
Product penetration drives profitability Expansion KPIs
cash management
trade finance fund services
corporate finance +276 +SEK 130bn
life foreign exchange
leasing corporate cards
custody new large cap clients new loans and commitments
relationship lending equities
capital markets
asset management commodities
structured finance
Increased bond market activity
Average client
profitability Joint lead (EUR 400m) Joint lead (EUR 500m)
Joint lead (EUR 400m) Joint lead (SEK 1bn)
1 2 3 4 5 >5
Number of product clusters per customer
Q3 2012 PRESS CONFERENCE 12

13. SME expansion in Sweden
SKI corporates – customer satisfaction SME growth Sweden
Active SME-clients (thousands)
+22,000
120
74
100
80
72
60
40
70 2008 2009 2010 2011 Q3 2012
SME Bank of the Year
68
66
64 Based on survey
2007 2008 2009 2010 2011 2012 of 1,000 micro-SMEs
SEB SHB Nordea Swedbank Industry for the first time
Q3 2012 PRESS CONFERENCE 13

14. Holistic perspective on Savings
Household deposits (SEK bn) Unit-linked AuM (SEK bn)
160
200
140
120 160
100
80
YTD 120
YTD
60 +11 bn 80
+14bn
40
40
20
0 0
2008 2009 2010 2011 Sep 2012 2008 2009 2010 2011 Sep 2012
Private Banking AuM (SEK bn)
300
250
200 YTD
150
+23bn
100
50
0
2008 2009 2010 2011 Sep 2012
Q3 2012 PRESS CONFERENCE 14

15. SEB strengthens capitalisation across all metrics
Core/common equity tier 1 ratios
18%
16.5
16%
14% 13.3
12%
10%
8%
6%
4%
2%
0%
Equity/Assets Basel I Basel II transition rules Basel II Basel III post IAS 19
Dec-10 Dec-11 Jun-12 Sep-12
Q3 2012 PRESS CONFERENCE 15

16. Balance sheet strengthened further
Strong capital and liquidity position
Core Tier 1 ratio 16.5%
Liquidity reserve ~25%
of balance sheet
LCR 154%
Loan-to-deposit ratio 138%
NPL coverage
ratio 67%
Q3 2012 PRESS CONFERENCE 16

17. Outlook
Maintained resilience in an
uncertain market situation
Relentless customer focus
Continued productivity and
efficiency measures
Q3 2012 PRESS CONFERENCE 17

18. The Relationship
bank in our part
of the world
Q3 2012 PRESS CONFERENCE 18