Delfingroup As · OMXRSE:DGR1R
Delfingroup As — Q1 2020 Earnings Presentation
17 slides from Delfingroup As's earnings presentation, May 2020
Slide 1: Investor Presentation 2020 Q1 Results
INVESTOR PRESENTATION 2020 Q1 RESULTS May, 2020
Slide 2: Disclaimer
This presentation is of selective nature and is made to provide an overview of the Company’s (SIA DelfinGroup and its subsidiaries) business. DISCLAIMER Unless stated otherwise, this presentation shows information from consolidated perspective. Facts and information used in this presentation might b
Slide 3: Business Profile, Brands, Values
BUSINESS PROFILE: BRANDS: VALUES: SIMPLICITY ACCESSIBILITY Pawn loans Consumer loans RESPECT TOP 3 industry player in Latvia PROGRESS GROUP: KEY FINANCIALS: MASTERY 87 branches net loan portfolio 32.5 mEUR (2020 Q1) 283 employees EBITDA FOCUS ON 2009 2018 3 519 997 loan issue transactions (cumulativ
Slide 4: Highlights
CONSUMER AND PAWN LOANS ISSUED TOTAL LOANS OUTSTANDING EBITDA mEUR mEUR mEUR HIGHLIGHTS 32.5 In 2020Q1, Group has increased 12.7 29.5 31.6 12.5 12.5 issuance level by 8.5% compared 11.5 2.3 10.6 2.1 2.1 to 2019Q1, but issuance is lower 23.7 1.9 20.8 1.8 than 2019Q4 due to the impact of COVID-19. Ave
Slide 5: Market Overview: Consumer Loans
CONSUMER LOANS CONSUMER LOAN PORTFOLIO, DELFINGROUP VS. INDUSTRY* mEUR 5.7% 600 4.9% 4.4% 500 3.6% MARKET OVERVIEW 400 300 2.0% 285.1 291.4 218.2 242.8 200 185.4 DelfinGroup* grows faster than the 10.8 13.9 16.6 100 3.8 7.9 industry, having ~6%** market 0 2015 2016 2017 2018 2019 H1 share. Industry
Slide 6: Market Overview: Pawn Loans
PAWN LOANS PAWN LOAN PORTFOLIO, DELFINGROUP VS INDUSTRY* mEUR 35% 31% 30% 29% 26% MARKET OVERVIEW 6.4 6.4 6.6 6.5 6.7 In 2019 H1, 41% of all pawn loans 2.2 1.6 1.9 2.0 2.0 issued in Latvia were issued by 2015 2016 2017 2018 2019 H1 DelfinGroup. Industry DelfinGroup Market share AMOUNT OF PAWN LOANS
Slide 7: Consumer Loans
CONSUMER LOANS 19.9 20.3 18.7 17.3 In 2020Q1, portfolio was growing 15.1 slower due to cautious issuance level in March as a response to COVID-19. 8.2 7.8 7.8 6.3 6.5 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 LOANS ISSUED, mEUR NET LOAN PORTFOLIO*, mEUR * Loan portfolio data based on DelfinGroup net consum
Slide 8: Consumer Loans
CONSUMER LOANS Average loan tranche size per Average loan size per Weighted average term of Non-performing loans ratio issue customer loans issued € 702 5.2% € 225 683 days 4.9% € 219 € 523 515 days 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2019Q1 2019Q2 2019Q3 2019Q4 202
Slide 9: Pawn Loans
PAWN LOANS 4.9 5.1 4.7 4.3 4.4 In 2020Q1, issuance for secured lending increased to a record high level of 5.1m EUR. 2.5 2.3 2.1 2.3 2.0 Portfolio fluctuated downwards – a seldom, but historically regular pattern for pawn loans. 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 LOANS ISSUED, mEUR NET LOAN PORTFOLI
Slide 10: Pawn Loans
PAWN LOANS Stable customer base and Average loan size per issue: Pawn mark-up: Redemption rate* stable performance of pawnshop operations. 48% 76% € 67 46% 71% € 62 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 * Items begin redeemed or exte
Slide 11: Key Financials
15.3 KEY FINANCIALS 14.1 Cash inflow* 11.5 In line with historical pattern, also 10.3 2020Q1 delivered positive net cash 8.8 Cash outflow* flow. 10.6 11.5 9.0 8.6 7.7 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 * From consumer lending and pawn shop acti
Slide 12: Financial Ratios
7.8 5.9 5.3 3.5 3.4 3.6 2.3 2.5 2.2 3.1 FINANCIAL RATIOS 2015 2016 2017 2018 2019 Sustainable financial performance. Net Debt / Net Equity ratio Net Debt / EBITDA ratio 40% 41% 33% 36% 35% 3.2 2.4 2.4 2.4 2.1 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 EBITDA margin Interest coverage ratio (IFRS 16 adjusted
Slide 13: Key Financials: Income Statement
INCOME STATEMENT, EUR’000 2019 Q1 2020 Q1 %, Y-O-Y Interest and similar income 3 690 4 311 17% KEY FINANCIALS: Gross profit from sale of goods 400 495 24% Cession result (344) (297) (14%) PROFITABILITY GROSS PROFIT 3 746 4 509 20% Selling expense (1 102) (1 497) 36% Decreased cession result Administ
Slide 14: Key Financials: Balance Sheet
BALANCE SHEET, EUR’000 2019 Q4 2020 Q1 %, Q-O-Q Fixed and intangible assets 2 740 2 698 (2%) KEY FINANCIALS: Loans to related parties 1 308 1 377 5% Net loan portfolio 31 547 32 493 3% BALANCE Inventory and scrap 1 155 1 224 6% Other assets 384 503 31% Cash 1 136 2 037 79% Strong cash buffer. TOTAL
Slide 15: Financing Structure
INTEREST-BEARING DEBT 2019 Q4, EUR’000 2020 Q1, EUR’000 INTEREST RATE, % MATURITY FINANCING Secured bonds* 7 850 9 834 14% and 15% 2020/12 - 2022/11 STRUCTURE Peer-to-peer lending 18 044 16 959 11.4% According to platform Mintos* (effective rate)** issued loans Diversified financing structure with e
Slide 16: Definitions for Alternative Performance Measures
EBITDA Earnings before interest, taxes, depreciation and amortization calculated as Net Income + Interest + Taxes + Depreciation + Amortization. Used as a measure of corporate performance as it shows earnings before the influence of accounting and financial deductions. EBITDA Margin Operating profit
Slide 17: SIA DelfinGroup contact details
SIA DelfinGroup Skanstes iela 50A Riga, Latvia LV-1013 [email protected] +371 66 15 50 06 www.delfingroup.lv