Delfingroup As · OMXRSE:DGR1R
Delfingroup As — 9M 2022 Earnings Presentation
27 slides from Delfingroup As's earnings presentation, November 2022
Slide 1: Financial report: Unaudited results for 9 months ending 30 September 2022
Financial report Unaudited results for 9 months Ending 30 September 2022
Slide 2: Company highlights
Financial report Company highlights Business performance Appendix
Slide 3: Key characteristics
Key characteristics 2009 90+ 38 400 000+ founded in branches cities registered clients 5 000+ 300+ 3 business segments 50 000+ active clients shareholders employees 59.7 mEUR net loan portfolio 5 dividend payments per year 8 bond issues 12 YEARS profitable operations
Slide 4: Recent highlights 1/2
Financial report Recent highlights 1/2 1 2 INCREASE OF STOCK FREE FLOAT DIVIDEND DISTRIBUTION The free float of DelfinGroup stock During the Q3 shareholders of the reached 15% after the public share company received 2 dividend payments offerings of the largest company’s in the amount of EUR 1.86 mil
Slide 5: Recent highlights 2/2
Financial report Recent highlights 2/2 5 6 ANALYST COVERAGE EXPANSION LHV Pank and Enlight Research published Loan portfolio acquisition of six pawnshop coverage of DelfinGroup and set fair value branches of the Finance 360 pawnshop range for the company’s stock. Reports partnership. are available o
Slide 6: Business performance
Financial report Company highlights Business performance Appendix
Slide 7: Selected financials
Selected financials Financial report Total loans issued Total revenue, quarterly cumulative m€ Q3 y-o-y Q3 y-o-y Q3 y-o-y Q3 y-o-y m€ +0.8 +6% +7.8 +54% +1.4 +8% +7.3 +39% 22.2 20.4 25.5 25.7 23.7 14.4 14.7 15.1 13.6 12.7 18.4 17.0 16.1 11.1 9.4 11.9 7.5 6.0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3
Slide 8: Consumer loans
Consumer loans Financial report Consumer net loan portfolio Average loan* m€ Q3 y-o-y Q3 y-o-y € Q3 y-o-y Q3 y-o-y +10.2 +41% +20 +57% +267 +32% +342 +31% 54.9 1432 49.3 1337 1258 43.6 1182 39.6 1027 1090 34.9 978 30.4 823 879 27.3 28.0 24.7 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020
Slide 9: Pawn loans
Pawn loans Financial report Pawn net loan portfolio Average pawn loan amount m€ € Q3 y-o-y Q3 y-o-y Q3 y-o-y Q3 y-o-y -0.2 -8% +1.2 +49% +5 +7% +11 +15% 3.6 3.4 84 85 74 76 77 2.7 69 68 67 70 2.5 2.6 2.4 2.3 2.1 1.8 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 2022 2020 2021 2022
Slide 10: Retail of pre-owned goods
Retail of pre-owned goods* Financial report Sale of pre-owned goods Gross margin Q3 y-o-y Q3 y-o-y Q3 y-o-y Q3 y-o-y m€ 0.0 0% +1.0 +43% -1pp +1pp 3.3 43% 43% 43% 42% 41% 40% 40% 41% 39% 2.6 2.3 2.3 2.4 2.3 2.2 2.2 2.1 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 2022 2020 2021 20
Slide 11: Consolidated income statement
Consolidated income statement Financial report 2022 2021 Change 2022 2021 Change INCOME STATEMENT, EUR’000 Q3 Q3 % 9M 9M % Total revenue 9,564 6,463 +48% 25,659 18,399 +39% Cost of sales -1,312 -849 +55% -3,465 -2,611 +33% Credit loss expense* -1,584** -827 +91% -4,055 -2,157 +88% Interest expenses
Slide 12: Consolidated balance sheet
Consolidated balance sheet Financial report BALANCE SHEET, EUR’000 30.09.2022 31.12.2021 Change % Fixed and intangible assets 1,387 1,201 +15% Right-of-use assets 2,783 2,973 -6% Net loan portfolio 59,676 42,962 +39% Inventory and scrap 2,699 1,949 +38% Other assets 1,333* 520 +157% Cash 4,010 2,460
Slide 13: Financial ratios
Financial ratios Financial report EBITDA margin* Equity ratio ROE** 33.4% 32.3% 40.4% 41.6% 40.7% 45.2% 46.7% 38.6% 39.9% 38.4% 38.2% 38.0% 25.5% 23.8% 42.2% 38.8% 20.5% 21.1% 20.4% 18.5% 35.5% 37.6% 32.0% 29.2% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 2022 2
Slide 14: Capital structure
Financial report Capital structure Capital structure, Q3 2022 Bond financing track record 10.0 m€ 28% 25% 5.0 5.0 5.0 5.0 3.9 * 3.5 3.5 2013 2014 2016 2019 2020 2021 2021 2022 47% Secured Unsecured Unsecured Secured Unsecured Unsecured Unsecured Unsecured 14% 15% 14% 14% 12% 9.75% 8% 8.75% + Equity
Slide 15: Diversification
Financial report Diversification Revenue by business segments 9M 2022 21% Banknote consumer loans Although the most significant part of VIZIA consumer loans the revenue stream comes from the 47% consumer loan segment, we see Pawn loans great potential in gradually growing 15% other DelfinGroup segme
Slide 16: Dividends
Dividends Unique dividend distribution Dividend yield of 8.3%* proposal in Baltics Dividend Dividend EUR Payout EUR/share period payment date total ratio*** Up to 5 dividend payments per year: Q3 2022 December 2022** 0.0184 833 881 49.90% • 4 quarterly Q2 2022 30.09.2022 0.0134 607 283 49.87% • 1 an
Slide 17: 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 03.01.2022 03.04.2022 03.07.2022 03.10.2022 DGR1R – DelfinGroup Financial 30.09.2022 DelfinGroup ind
Slide 18: Subscribe to our newsletter
Financial report Be updated about the latest DelfinGroup news by subscribing to our newsletter SUBSCRIBE TO RECEIVE NEWS ABOUT: ● DelfinGroup results ● Dividend distribution ● Industry news ● Other significant information Visit our website to subscribe www.delfingroup.lv
Slide 19: Appendix
Financial report Company highlights Business performance Appendix
Slide 20: 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 Total revenue 4,936 5,429 5,951 5,861 6,020 5,195 5,788 6,659 6,018 5,918 6,463 7,089 7,476 8,619 9,564 Cost of sales -756 -856 -1009 -982 -1215 -961 -993 -1,055 -
Slide 21: 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 Fixed and intangible assets 652 621 775 691 748 860 927 1,038 864 818 790 1,201 1,301 1,351 1,387 Right-of-use assets - - - 2,049 1,950 3,056 2,928 3,194 3,281 3,145 3,
Slide 22: 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 L
Slide 23: 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
Slide 24: 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
Slide 25: Definitions for Alternative Performance Measures
Financial report Definitions for Alternative Performance Measures* EBITDA Earnings before interest, taxes, depreciation and amortization = (Profit before tax) Return on Equity (ROE) + (Interest expenses and similar expenses) + (Rights of used assets depreciation) Net profit for the period/months in
Slide 26: 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
Slide 27: AS DelfinGroup
AS DelfinGroup Skanstes street 50A Riga, Latvia, LV-1013 [email protected] (+371) 26 18 99 88 www.delfingroup.lv