First Quarter 2022 Investor Presentation
Creating long-term shareholder value
Dividends paid
New dividend policy as of 2021: ~50% of net profit
SEK bn
30
Total dividend
Net profit
■Share buyback
25
25
20
15
10
5
SEB's largest shareholders
Share of capital,
31 Mar 2022
Investor AB
per cent
20.8
Alecta Pension Insurance
5.7
Trygg Foundation
4.5
Swedbank Robur Funds
4.4
AMF Insurance & Funds
4.1
BlackRock
2.6
Own shareholding
2.2
SEB Funds
Vanguard
Handelsbanken Funds
Total share of foreign shareholders
2.1
2.1
1.6
27.6
2012 2013
2014 2015
2016
2017 2018 2019 2020 2021
DPS,
SEK
2.75 4.00 4.75
5.25
5.50
5.75
6,00+ 0.00 4.10+ 6.00
0.50
4.10
Payout
ratio
52%
59% 54%
66% 75%
70%
70% 0% 113% 51%
Source: Euroclear Sweden/Modular Finance
•
A second SEK 2.5bn share buy back program is running Mar-Oct 2022. During 2022, we plan
to distribute between SEK 5-10bn through share buybacks, subject to market conditions.
8
Note: Net profit and pay-out ratio 2014-2021 excluding items affecting comparability. Pay-out ratio 2018 excluding extra ordinary DPS, including the latter pay-out 76%. The ordinary and further ordinary dividend paid in 2021 of SEK 4:10 and
SEK 4:10 respectively apply to years 2019-2020 when dividend restrictions were in place leading to a pro forma pay-out ratio for these years of around 50 per cent. DPS and the pay-out ratio for 2021 exclude share buybacks.
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