FinecoBank

Earnings Release • Aug 6, 2018

Informazione Regolamentata n. 1615-68-2018		Data/Ora Ricezione 06 Agosto 2018 13:33:54	MTA
Societa'	:	FINECOBANK
Identificativo Informazione Regolamentata	:	107409
Nome utilizzatore	:	FINECOBANKN05 - Spolini
Tipologia	:	REGEM
Data/Ora Ricezione	:	06 Agosto 2018 13:33:54
Data/Ora Inizio Diffusione presunta	:	06 Agosto 2018 13:33:55
Oggetto	:	PR July Total Net Sales
Testo del comunicato

Vedi allegato.

PRESS RELEASE

FinecoBank:

• Net sales in July 2018: € 499 million (+16% y/y net of clients' taxes)
• Net sales since the beginning of the year: € 4,095 million (+20% y/y), of which 43% AuM
• Guided products on AuM stock at 65% (+5 p.p. y/y)
• Total Financial Assets: € 70.9 billion (+10% y/y)
• Total Assets managed by Fineco Asset Management: € 6.7 billion, of which € 6.5 billion retail class
• Almost 1,250,000 total customers (+7% y/y), of which 67,388 new customers acquired since the beginning of the year

Milan, August 6 th 2018

In July, we confirm very solid net sales amounting to € 499 million (-6% y/y). As announced last month, we highlight that the comparison with the previous year is affected by -€ 113 million related to taxes paid by customers with date July 2nd, that last year were accounted in June. Net of this item, net sales would increase by +16% y/y.

Net sales in Asset under Management were at € 183 million, Asset under Custody totaled € 106 million and direct deposits amounted at € 210 million.

FinecoBank recorded total net sales of € 4,095 million since the beginning of 2018 (+20% y/y) with a mix in line with the market volatility recorded these months: Asset under Management totaled € 1,757 million, Asset under Custody amounted at € 1,101 million and direct depos totaled € 1,237 million.

Since the beginning of the year "Guided products & services" net sales amounted at € 1,701 million and the new Plus service is very appreciated by clients reaching € 2,110 million since its recent launch. Penetration rate of Guided Products increased at 65% on total AuM compared to 60% in July 2017 and to 63% in December 2017.

Since the beginning of the year net sales through the network of personal financial advisors reached € 3,669 million, +17% compared to last year.

Total Financial Assets were at € 70,861 million (+5% compared to December 2017 and +10% y/y).

We remind that, starting from July 2nd 2018, Fineco Asset Management is fully operating and at July 31st , 2018 it managed € 6.7 billion of assets, of which € 6.5 billion retail class and around € 0.2 billion institutional class.

Since the beginning of the year 67,338 new clients have been acquired (-5% y/y), of which 8,799 in July. Total number of customers was almost 1,250,000 as of July 31 st 2018, up 7% compared to the same period of 2017.

Alessandro Foti, CEO and General Manager of FinecoBank, commented:

"The second half of the year opens with solid inflows, thanks to a diversified business model and to the ability of our Personal Financial Advisor to support customers in a financial planning increasingly advanced and aware. An element of high relevance also in the most complex market phases. These results confirm once again the appreciation for the 'one-stop-solution' model adopted by Fineco, increasingly used by customers as their main bank for all of their financial needs".

figures in € million

TOTAL NET SALES	JUL	JAN - JUL	JAN - JUL
	2018	2018	2017
Assets under management	182.8	1,756.9	2,171.1
Assets under custody	105.8	1,100.9	425.7
Direct deposits	210.5	1,237.3	823.9
TOTAL NET SALES	499.1	4,095.2	3,420.7

figures in € million

PFA NETWORK NET SALES	JUL	JAN - JUL	JAN - JUL
	2018	2018	2017
Assets under management	182.3	1,757.0	2,154.3
Assets under custody	82.1	790.9	286.0
Direct deposits	167.7	1,121.0	692.3
TOTAL NET SALES PFA NETWORK	432.1	3,668.9	3,132.7

figures in € million

TOTAL FINANCIAL ASSETS	JUL	DEC	JUL
	2018	2017	2017
Assets under management	35,035.6	33,562.8	31,270.9
Assets under custody	14,647.3	13,681.1	13,591.4
Direct deposits	21,178.1	19,940.7	19,302.5
TOTAL FINANCIAL ASSETS	70,861.0	67,184.6	64,164.8

figures in € million

PFA NETWORK TFA	JUL	DEC	JUL
	2018	2017	2017
Assets under management	34,532.9	33,047.3	30,761.9
Assets under custody	10,927.2	10,157.1	10,058.1
Direct deposits	15,803.5	14,682.5	14,254.9
PFA NETWORK TFA	61,263.6	57,886.9	55,075.0

FinecoBank

FinecoBank is UniCredit Group's direct multichannel bank. It has one of the largest financial advisors' network in Italy*, and is the number one broker in Italy for equity trades in terms of volume of orders**. FinecoBank offers an integrated business model combining direct banking and financial advice, with a single free-of-charge account including banking, credit, trading and investment services, also available through applications for smartphone and tablet. With its fully integrated platform, FinecoBank is the benchmark for modern investors.

*Source: Assoreti

**Source: Assosim

Contacts:

Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 3295 mediarelations@finecobank.com investors@finecobank.com

Barabino & Partners Tel. +39 02 72023535 Emma Ascani e.ascani@barabino.it

+39 335 390 334 Tommaso Filippi t.filippi@barabino.it +39 366 644 4093