Delfingroup As · OMXRSE:DGR1R

Delfingroup As — ExpressCredit — Debt Investor Presentation (May 2019)

16 slides from Delfingroup As's debt investor presentation, May 2019

  1. Slide 1: Investor Presentation 2019 Q1 Results

    INVESTOR PRESENTATION 2019Q1 RESULTS May, 2019

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation is of selective nature and is made to provide an overview of the Company’s (SIA “ExpressCredit” and its subsidiaries) business, based on 2019 Q1 results. Unless stated otherwise, this presentation shows information from consolidated perspective. Facts and information use

  3. Slide 3: Business Profile, Brands, Values

    BUSINESS PROFILE: BRANDS: VALUES: Simplicity 3rd largest non bank consumer lender Pawn loans Accessibility in Latvia* Consumer loans Respect Progress COMPANY: KEY FINANCIALS: 86 branches 20,8 mEUR net loan portfolio (2019Q1) 250+ employees 2,3 mEUR EBITDA 2009 2017 2 950 000+ loan issue (2019Q1) est

  4. Slide 4: Highlights

    HIGHLIGHTS 11,0 2,3 10,6 10,0 10,2 20,8 9,0 ExpressCredit is the only non-bank lender 20,2 1,8 1,8 1,8 1,7 included in the Gold level of the State Revenue Service for In-Depth 19,0 Cooperation Programme (qualified on March 2019). 18,1 17,6 Maximum loan size increased to EUR 5000 for consumer loans.

  5. Slide 5: Market Overview: Pawn Loans

    MARKET OVERVIEW: PAWN LOANS Pawn loan portfolio in EUR million in 2017H1 and 2018H1, Industry* and ExpressCredit comparison. In 2018H1 40% of all 6,6 6,5 pawn loans issued in 1,8 1,9 Latvia were issued by ExpressCredit. Industry ExpressCredit The market share is Amount of pawn loans issued in EUR mi

  6. Slide 6: Market Overview: Consumer Loans

    MARKET OVERVIEW: CONSUMER LOANS Amount of consumer loans outstanding in EUR million as at 2017H1 and 2018H1, Industry* and ExpressCredit comparison. Growth ExpressCredit* grows 14,3% 255 faster than the industry, 223 Growth 18,0% 15 having 5,8%** market 12 share. Industry ExpressCredit Amount of con

  7. Slide 7: Consumer Loans

    CONSUMER LOANS 59% of loans issued by value in 2019Q1 4,9 2018Q1 15,1 6,0 2018Q2 14,6 6,2 LOANS ISSUED, mEUR 2018Q3 16,1 NET LOAN PORTFOLIO, mEUR 6,9 2018Q4 17,1 6,3 2019Q1 17,7

  8. Slide 8: Consumer Loans

    CONSUMER LOANS Average loan tranche Average loan size per Weighted average term Non-performing loans ratio size per issue customer of loans issued € 225 € 523 515 days 4,6% € 172 € 409 4,0% 319 days 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2018Q1 2018Q2 2018Q3 2018Q4 201

  9. Slide 9: Pawn Loans

    PAWN LOANS 41% of loans issued by value in 2019Q1 4,1 2018Q1 1,9 4,1 2018Q2 1,9 3,9 LOANS ISSUED, mEUR 2018Q3 1,9 NET LOAN PORTFOLIO, mEUR* 4,1 2018Q4 * Includes car title loan and mortgage loan legacy portfolios 2,1 4,3 2019Q1 2,1

  10. Slide 10: Pawn Loans

    PAWN LOANS Average loan size Pawn mark-up: Redemption rate* per issue: Stable customer base and € 62 48% 49% 76% stable performance of pawnshop operations. € 59 72% 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 * Items begin redeemed or exte

  11. Slide 11: Key Financials

    KEY FINANCIALS 14,1 Cash inflow 11,5 10,3 10,6 Cash outflow 8,8 9,4 2019Q1 continues the Group’s track of record high turnover and profitability that 9,0 was reached in 2018H2. 8,6 7,7 6,4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4

  12. Slide 12: Financials

    FINANCIALS 45% 54% 44% 42% 44% 3,9 3,8 2,2 3,0 3,5 2,7 1,7 1,8 1,8 1,8 2,3 2,5 2,3 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2015A 2016A 2017A 2018A EBITDA, mEUR EBIDTA margin Net Debt/EBITDA ratio Net Debt/Equity ratio

  13. Slide 13: Key Financials: Profitability

    Income statement, EUR’000 2018Q1 2019Q1 %, y-o-y Interest and similar income 3 542 3 690 4% Gross profit from sale of goods* 335 400 19% KEY FINANCIALS: Gross profit 3 877 4 090 5% PROFITABILITY Selling expense -1 440 -1 101 -23% Administrative expense -605 -707 17% New changes in corporate income t

  14. Slide 14: Key Financials: Balance

    Balance sheet , EUR’000 2018Q4 2019Q1 %, q-o-q Fixed and intangible assets 603 652 8% Loans to related parties 1 072 1 081 1% Net loan portfolio 20 151 20 761 3% KEY FINANCIALS: Inventory and scrap 901 1 111 23% BALANCE Other assets 454 554 22% Cash 3 489 2 686 -23% During 2019Q1 shareholders decide

  15. Slide 15: Financing Structure

    2018Q4, 2019Q1, Interest rate, Interest-bearing debt Maturity EUR’000* EUR’000* % Unsecured bonds 3 411 3 063 15,0% 2022/12 FINANCING Unsecured notes 4 496 4 996 14,0% 2021/10 STRUCTURE Peer-to-peer lending platform 11 492 10 821 11% - 13,5% According to issued loans Diversified financing structure

  16. Slide 16: Ltd. ExpressCredit contact details

    Ltd. “ExpressCredit” Raunas iela 44 k-1 Riga, Latvia LV-1039 [email protected] +371 66 15 50 06

ExpressCredit — Debt Investor Presentation (May 2019) on 6ix