Delfingroup As · OMXRSE:DGR1R

Delfingroup As — FY2022 Earnings Presentation

29 slides from Delfingroup As's earnings presentation, 2023

  1. Slide 1: Financial report: Unaudited results for 12 months ending 31 December 2022

    Financial report Unaudited results for 12 months Ending 31 December 2022

  2. Slide 2: Company highlights, Business performance, Appendix

    Financial report Company highlights Business performance Appendix

  3. Slide 3: Key characteristics

    Financial report Key characteristics +42% +29% +40% Profit before taxes +54% net loan portfolio growth income growth EBITDA growth growth 12+1 50k+ active clients 90+ 300+ years profitable operations branches employees 42k+ 50% 6k+ shareholders 6 dividend payments in 2022 items for sale in online of

  4. Slide 4: Recent highlights 1/2

    Financial report Recent highlights 1/2 1 2 INCREASE OF STOCK FREE FLOAT DIGITALISATION OF SERVICES The free float of DelfinGroup stock Introduction of NEOpay secure payment reached 15% after the public share initiation solution to simplify transaction offerings of the largest company’s process for c

  5. Slide 5: Recent highlights 2/2

    Financial report Recent highlights 2/2 5 6 ANALYST COVERAGE STOCK OPTION PROGRAM LHV Pank and Enlight Research published Launch of staff option program. A total of coverage of DelfinGroup and set fair value 450 thousand shares will be issued as range for the company’s stock. Reports part of the prog

  6. Slide 6: Business performance

    Financial report Company highlights Business performance Appendix

  7. Slide 7: Key results

    Financial report Key results Total loans issued Net loan portfolio m€ Q4 y-o-y Q4 y-o-y m€ Q4 y-o-y Q4 y-o-y +8.3 +23% +23.8 +54% +1.9 +15% +7.9 +54% 67.4 22.2 22.6 60.5 20.4 54.5 Strong new loan issuance in 2022 48.0 14.4 14.7 15.1 43.7 secured a stable loan portfolio 12.7 38.8 11.1 35.4 32.9 33.9

  8. Slide 8: Consumer loans

    Consumer loans Financial report Consumer net loan portfolio Average loan* m€ Q4 y-o-y Q4 y-o-y € Q4 y-o-y Q4 y-o-y +12.3 +45% +21.6 +54% +303 +34% +351 +30% 61.2 54.9 1533 1432 49.3 1337 39.6 43.6 1027 1090 1182 1258 Eminent growth of consumer 34.9 978 27.3 28.0 30.4 879 lending segment. The net loa

  9. Slide 9: Age analysis of consumer lending portfolio

    Financial report Age analysis of consumer lending portfolio* 2.6% 1.5% 3.7% 3.6% 7.6% 6.9% Loan portfolio quality remains solid with slight improvements in 2022. 86.1% 88.0% Improved underwriting processes and risk policy. 31.12.2021. 31.12.2022. Loans not due yet Outstanding 1-30 days Outstanding 3

  10. Slide 10: Pawn loans

    Pawn loans Financial report Pawn net loan portfolio* Average pawn loan amount m€ € Q4 y-o-y Q4 y-o-y Q4 y-o-y Q4 y-o-y +0.3 +13% +1.4 +54% +8 +12% +16 +21% 3.9 92 3.6 84 85 3.4 74 76 77 68 67 70 2.4 2.5 2.6 2.3 2.1 1.8 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2021 2022 2020 2021 20

  11. Slide 11: Retail of pre-owned goods

    Retail of pre-owned goods* Financial report Sale of pre-owned goods** m€ Q4 y-o-y Q4 y-o-y +0.2 +9% +0.8 +33% 3.3 3.2 2.6 2.3 2.4 2.3 2.2 2.2 2.1 Record-high sales amount in 2022 Q4 2020 Q1 Q2 Q3 Q4 2021 Q1 Q2 Q3 Q4 2022 Strong growth during H2 2022 since renewal of Banknote online shop in Gross mar

  12. Slide 12: Sales split by product category

    Financial report Sales split by product category Sales split by product category (12M 2022) Clients have access to a wide range of pre-owned goods at Banknote online store and branch network. The most demanded product categories are electronics, such as smartphones, computers, TVs and jewelry.

  13. Slide 13: Consolidated income statement

    Consolidated income statement Financial report 2022 2021 Change 2022 2021 Change INCOME STATEMENT, EUR’000 Q4 Q4 % 12M 12M % Total revenue* 10,214 6,891 +48% 35,064 24,683 +42% Cost of sales* -1,003 -858 +17% -3,659 -2,863 +28% Credit loss expense** -1,919 -240 +698%*** -5,974 -2,397 +149%*** Intere

  14. Slide 14: Consolidated balance sheet

    Consolidated balance sheet Financial report BALANCE SHEET, EUR’000 31.12.2022 31.12.2021 Change % Fixed and intangible assets 1,470 1,201 +22% Right-of-use assets 2,636 2,973 -11% Net loan portfolio* 67,439 43,657 +54% Inventory and scrap* 2,290 1,255 +82% Other assets 1,070 520 +106%** Cash 2,369 2

  15. Slide 15: Financial ratios

    Financial ratios Financial report EBITDA margin* Equity ratio ROE** 42.9% 42.0% 33.4% 32.3% 39.8% 41.2% 39.6% 39.4% 39.2% 45.2% 46.7% 37.4% 25.5% 23.8% 23.3% 38.8% 37.9% 21.1% 20.4% 35.5% 37.6% 32.0% 29.2% 18.5% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2021 2021 2022 2

  16. Slide 16: Capital structure

    Financial report Capital structure Capital structure 31.12.2022 Bond financing track record 10.0 m€ 27% 25% 5.0 5.0 5.0 5.0 4.9 * 3.5 3.5 2013 2014 2016 2019 2020 2021 2021 2022 48% Secured Unsecured Unsecured Secured Unsecured Unsecured Unsecured Unsecured 14% 15% 14% 14% 12% 9.75% 8% 8.75% + Equit

  17. Slide 17: Diversification

    Financial report Diversification Revenue by business segments 12M 2022 17% Banknote consumer loans Although the most significant part of the VIZIA consumer loans revenue stream comes from the consumer loan segment, we see great 17% 48% Pawn loans potential in gradually growing other DelfinGroup segm

  18. Slide 18: Dividends

    Financial report Dividends Unique dividend distribution Dividend yield of 8.1%* proposal in Baltics Dividend Dividend EUR Payout EUR/share period payment date total ratio*** Up to 6 dividend payments per year: Q4 2022 April 2023** 0.0185 839 560 49.93% • 4 quarterly Q3 2022 27.12.2022 0.0184 833 881

  19. Slide 19: Share performance

    Financial report Share performance Share price, € Share dynamics compared to indexes 1.55 110% 1.5 105% 1.45 100% 1.4 95% 1.35 90% 1.3 85% 1.25 80% 1.2 75% 03.01.2022 03.04.2022 03.07.2022 03.10.2022 03.01.2023 03.01.2022 03.04.2022 03.07.2022 03.10.2022 03.01.2023 DGR1R – DelfinGroup Financial 31.1

  20. Slide 20: Follow our news in e-mail and social networks

    Financial report Follow our news in e-mail and social networks Visit our website to subscribe to the newsletter www.delfingroup.lv

  21. Slide 21: Appendix

    Financial report Company highlights Business performance Appendix

  22. Slide 22: Consolidated income statement

    Consolidated income statement Financial report 2019 2020 2021 2022 BALANCE SHEET, EUR’000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Total revenue* 4,841 5,300 5,764 5,661 5,877 5,028 5,605 6,506 5,825 5,702 6,266 6,891 7,250 8,318 9,282 10,214 Cost of sales* -660 -727 -822 -782 -1072 -794 -810

  23. Slide 23: Consolidated balance sheet

    Consolidated balance sheet Financial report 2019 2020 2021 2022 BALANCE SHEET, EUR’000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Fixed and intangible assets 652 621 775 691 748 860 927 1,038 864 819 790 1,201 1,301 1,351 1,387 1,470 Right-of-use assets - - - 2,049 1,950 3,056 2,928 3,194 3,281

  24. Slide 24: Sustainability

    Financial report DelfinGroup ESG report for 2021/2022 available here. Sustainability Promotion of circular economy Inclusive society Sustainable corporate governance • Prolonged life-cycle of consumer • The most geographically available financial • 3 independent members of the goods. institution in

  25. Slide 25: Historic timeline

    Financial report Historic timeline Received ISO Initial Public 9001 and 50001 Offering at certification Corporate identity Nasdaq Riga 50 branches First 100 000 changed to opened in major customers Online lending First ESG report cities of Latvia registered rebranding started published 2009 2010 201

  26. Slide 26: Highly appreciated company

    Financial report Highly appreciated company CV-Online Latvia State Revenue Service Latvian Traders The Society Latvian Corporate Institute for Corporate Association Integration Foundation Governance Advisory Sustainability and Board Responsibility Top employer In-Depth Best Trader of Latvia Family-F

  27. Slide 27: Definitions for Alternative Performance Measures

    Financial report Definitions for Alternative Performance Measures EBITDA Earnings before interest, taxes, depreciation and amortization = (Profit before tax) + (Interest Return on Equity (ROE) expenses and similar expenses) + (Rights of used assets depreciation) + (Depreciation of fixed Net profit f

  28. Slide 28: Disclaimer

    Financial report Disclaimer This presentation is of selective nature and is made to provide an overview of the Company’s (AS DelfinGroup and its subsidiaries) business. Unless stated otherwise, this presentation shows information from consolidated perspective. Facts and information used in this pres

  29. Slide 29: AS DelfinGroup

    AS DelfinGroup Skanstes street 50A Riga, Latvia, LV-1013 [email protected] (+371) 26 18 99 88 www.delfingroup.lv

DelfinGroup — FY2022 Earnings Presentation on 6ix