Delfingroup As · OMXRSE:DGR1R
Delfingroup As — Debt Investor Presentation (November 2018)
17 slides from Delfingroup As's debt investor presentation, November 2018
Slide 1: Investor Presentation 2018Q3 Results
INVESTOR PRESENTATION 2018Q3 RESULTS November, 2018
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 subsidaries) business, based on 2018Q3 results. Unless stated otherwise, this presentation shows information from consolidated perspective. Facts and information used
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 EUR 19.0m net loan portfolio (2018Q3) 250 + employees 2.750.000 + loan issue EUR 5.3m EBITDA 2009 2017 (2018Q3) e
Slide 4: Highlights
HIGHLIGHTS 19,0 10,2 18,1 17,6 1,8 1,8 10,0 16,6 1,7 15,8 1,6 Launch of online store for lombards 1,4 segment products. Goods are available at 9,2 online site veikals.banknote.lv 9,0 8,5 Active participation in Alternative Financial Service Association of Latvia for information communication with re
Slide 5: Market Overview
Loan portfolio of Latvian non-bank MARKET OVERVIEW lenders, 2017 EUR 243m According to The Alternative Financial Consumer loans EUR 324m Services Association of Latvia prognosis the newly issued non-bank loans in 2018 Leasing, car title might reach 570-590 million euros, with total loan portfolio in
Slide 6: Market Overview: Consumer Loans
MARKET OVERVIEW: CONSUMER LOANS 243 13 Growth Fast growing segment. Growth 44% ExpressCredit* grows even faster, it has 5%** market share. 11,5% 9 218 2016, EURm 2017, EURm Industry ExpressCredit * Loan portfolio data based on SIA ExpressCredit standalone net consumer and pawn loan portfolio excl. a
Slide 7: Market Overview: Pawn Loans
MARKET OVERVIEW: PAWN LOANS Stable segment. 7 7 ExpressCredit* is the leading player with 41%** market share. 3 3 2016, EURm 2017, EURm Industry ExpressCredit * Loan portfolio data based on SIA ExpressCredit standalone net consumer and pawn loan portfolio excl. accrued interest ** Based on loan port
Slide 8: Consumer Loans
CONSUMER LOANS 61% of loans issued by value in 2018Q3 4,7 2017Q3 13,9 5,3 2017Q4 13,0 4,9 LOANS ISSUED, EURm 2018Q1 15,1 NET LOAN PORTFOLIO, EURm 6,0 2018Q2 14,6 6,2 2018Q3 16,1
Slide 9: Consumer Loans
CONSUMER LOANS Average loan tranche Average loan size per Weighed average term Non-perfoming loans ratio size per issue customer of loans issued 325 € 198 € 452 days 6,4% 295 5,0% days € 358 € 172 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2017Q3 2017Q4 2018Q1 2018Q2 2018Q
Slide 10: Pawn Loans
PAWN LOANS 39% of loans issued by value in 2018Q3 3,7 2017Q3 2,7 3,9 2017Q4 2,8 4,1 LOANS ISSUED, EURm 2018Q1 3,0 NET LOAN PORTFOLIO, EURm* 4,1 2018Q2 * Includes car title loan and mortgage loan 3,0 legacy portfolios 3,9 2018Q3 2,9
Slide 11: Pawn Loans
PAWN LOANS Average loan size Pawn mark-up: Redemption rate* per issue: Stable customer base and 49% 75% € 59 40% stable performance of 74% lombard operations. € 58 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 * Items begin redeemed or exten
Slide 12: Key Financials
KEY FINANCIALS 13,6 Cash inflow 11,5 10,3 Cash outflow 9,4 8,8 10,2 2018H1 was the best in the Group's history in terms of turnover and 8,6 9,0 profitability. 7,7 6,4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3
Slide 13: Financials
FINANCIALS 44% 45% 42% 39% 37% 3,9 3,8 1,7 1,8 1,8 1,6 3,0 1,4 3,5 2,3 2,5 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2015A 2016A 2017A EBITDA, EURm EBIDTA margin* Net Debt/EBITDA ratio Net Debt/Equity ratio * Calculated as EBITDA / (Interest income + Gross profit from sale of foreclosed items)
Slide 14: Key Financials: Profitability
Income statement, EUR’000 2017Q3 2018Q3 %, y-o-y Interest and similar income 10 377 11 039 6.4% Gross profit from sale of goods** 1 042 1 125 8.0% KEY FINANCIALS: Gross profit 11 419 12 164 6.5% PROFITABILITY Selling expense -4 709 -4 611 -2.1% New changes in corporate income tax has Administrative
Slide 15: Key Financials: Balance
Balace sheet, EUR’000 2017Q3 2018Q3 %, y-o-y Fixed and intangible assets 567 626 10.4% Loans to related parties 1 238 1 335 7.8% Net loan portfolio 16 545 19 002 14.9% KEY FINANCIALS: Inventory and scrap 709 1 151 62.3% BALANCE Other assets 484 391 -19.2% Cash 3 119 2 074 -33.5% TOTAL ASSETS 22 662
Slide 16: Financing Structure
2017Q4, 2018Q3, Interest Interest-bearing debt Maturity EUR’000* EUR’000* rate, % FINANCING STRUCTURE Secured bonds 1 000 0 Unsecured bonds 3 490 3 411 15.00% 2020.12 Diversified financing structure with Unsecured notes 3 573 4 496 14.00% 2021.10 established investor demand. According to Peer-to-pee
Slide 17: Ltd. ExpressCredit contact details
Ltd. “ExpressCredit” Raunas iela 44 k-1 Riga, Latvia LV-1039 [email protected] +371 66 15 50 06
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