UBS Nordic Financial Services Conference – 10 September 2015

Annika Falkengren President & CEO

Agenda

2

SEB’s strategy

Focus areas

Update on strategic initiatives

Lithuania 28%

8%

23%

41%

Operates in economically robust countries

Diversified business mix

Well diversified business in a robust economic environment

3

in the Nordic region

Retail Banking

Wealth Management and

Life & Pension

Baltic Retail Banking

Large Corporate & Institutions

Consolidation Group functions

Corporate expansion Nordics & Germany

True customer-centricity in a digitized world

2016-

Retail transformation

REFOCUS ON THE CORE

TRANSFORM AND GROW THE CORE

STRENGTHEN THE CORE

2010-2015 2005

Natural evolution in light of macro and digitization

4

Our long-term financial aspirations

~10% Operating profit

CAGR

15% RoE

~17% CET1

5

0.4

0.5

1.0

0.7

0,6***

0.9

1.7

1.5

Operating profit 2015 per geography** New Clients’ share of Total Clients’ income

209 305

413

84

CAGR 2010 – 2015

+10%

+13%

+12%

+16%

2010

2015

Denmark

Finland

Norway

Germany

2010

2015

2010

2015

2010

2015

**FX adjusted, 2015 12 months rolling ***Excluding one extraordinary item

Growth in large corporate segment fuel geographical diversification and profitability

6

209

305

413

84

13,7 14,3 14,1 14,5

15,7 16,7

2% 5% 7% 10% 12% 13%

2010 2011 2012 2013 2014 2015*

*2015 based on June 12 months rolling

SEKbn SEKbn Client base New clients

2

3

4

5

2003 2005 2007 2009 2011 2013 2015

Peer SEB Peer Peer Peer

7

134

177

2010 2011 2012 2013 2014 2015Q2

Finansbarometern 2015 SME’s (Scale 1-10)

Active full-service SME customers SME Credit portfolio, SEK bn

Retail Banking

Retail is leveraging in the SME segment

406080

100120140160

2007 2008 2009 2010 2011 2012 2013 2014 Q22015

154 2x

Thousands

77

3.1

1.5

Avg2010

Avg2011

Avg2012

Avg2013

Avg2014

Jan-Jun2015

+27%

Op Profit CAGR*

Operating income Operating expenses

Growing asset gathering franchise

8

050

100150200250300

2008 2009 2010 2011 2012 2013 2014 Q22015

Unit-linked AuM (SEK bn)

+16% CAGR*

Private Banking AuM (SEK bn)

0200400600800

2008 2009 2010 2011 2012 2013 2014 Q22015

+21% CAGR*

Household deposits (SEK bn)

+8% CAGR*

0

100

200

300

2008 2009 2010 2011 2012 2013 2014 Q22015

*CAGR for the period 2008 – Q2 2015

Technology drives efficiency and growth

9

Number of monthly client meetings, millions

0

1

2

3

4

5

6

7

8

9

10

2012 2013 2014 2015

Mobile app, Private

Mobile app, Corporate

Internet bank, Private

97% Internet bank, Corporate

Innovation Lab EPICENTER

Average quarterly income (SEK bn)

9.2 9.4 9.8 10.4 11.0 11.8

Avg 2010 Avg 2011 Avg 2012 Avg 2013 Avg 2014 Jan-Jun2015

Average quarterly expenses (SEK bn)

5.8 5.9 5.7 5.6 5.5 5.6

Avg 2010 Avg 2011 Avg 2012 Avg 2013 Avg 2014 Jan-Jun2015

Average quarterly profit before credit losses (SEK bn)

Notes: Excluding one-offs (restructuring in 2010, bond buy-back and IT impairment in 2012, sale of MasterCard shares and Euroline in 2014, Swiss withholding tax in 2015) Estimated IAS 19 costs in 2010

3.4 3.5 4.1 4.8 5.5 6.2

Avg 2010 Avg 2011 Avg 2012 Avg 2013 Avg 2014 Jan-Jun2015

Operating leverage excluding one-offs

10

(SEK bn) 2009 2014 Jan-Jun 2015

Non-performing loans 28.6bn 10.6bn 9.8bn

NPL coverage ratio 65% 59% 58%

Net credit loss level 0.92% 0.09% 0.06%

Customer deposits 750bn 943bn 970bn

Liquidity resources >10% ~25% ~25%

Liquidity coverage ratio N.A. 115% 123%

CET 1 ratio 11.7%* 16.3% 17.2%

Total capital ratio 14.7%* 22.0% 21.7%

Leverage ratio N.A. 4.8% 4.4%

Strong asset quality and balance sheet As

set q

ualit

y Fu

ndin

g an

d liq

uidi

ty

Cap

ital

*Basel 2.5

11

Population growth outpaces housing completions and fuels price pressure

Source: Statistics Sweden, SEB Latest available data from Swedish National Board of Housing

0

10

20

30

40

50

60

70

80

0

20

40

60

80

100

120

1990 2002 2014

Populationgrowth, in1000s (RHS)

Housingcompletions,number ofapartments,in 1000s(left)

Population growth vs. housing completions Sweden

12

Low relative LTVs Loan-to-value Share of portfolio

0-50%

51-70% 12%

>85% 0%

86%

2% 71-85%

13

1 2 3

SEB at a glance

14

#1 Nordic Large Corporates & Institutions FX Nordic currencies Nordic payments Corporate card issuer in the Nordics

3,000 Corporate & Institutions

400,000 SMEs

4m Private individuals

277 Branch offices

>20 Countries

268m Digital interactions 16,000 Employees

97% Swedish customers: Digital banking