Qliro Ab · OMXSTO:QLIRO
Qliro Ab — Q3 2022 Earnings Presentation
11 slides from Qliro Ab's earnings presentation, 2022
Slide 1: Q3 2022 Presentation
Q3 2022 PRESENTATION CEO CHRISTOFFER RUTGERSSON AND CFO ROBERT STAMBRO Qliro 1
Slide 2: New Team. New Focus.
NEW LEADERSHIP TEAM New leaders in the Executive Management Team • Chief Executive Officer Christoffer Rutgersson (Oct) • Chief Technology Officer Fredrik Milton (Sep) NEW TEAM. NEW FOCUS. • Chief Commercial Officer • Chief Customer Officer Olle Wrange (Q2) Emma Markström (Oct) • Chief Credit Risk O
Slide 3: Key Business Highlights – Q3 in Brief
KEY BUSINESS HIGHLIGHTS ✓ Continued growth (+7%) despite weak ecommerce market ✓ Stable cost level in Q3 (+1% excl. IAC) ✓ Kickstart of the transformation towards accelerated growth, efficiency and profitability ✓ Significant progress in our profitability program, with the Q3 IN BRIEF ambition to be
Slide 4: Q3 Performance Summary – Key Figures
Q3 PERFORMANCE SUMMARY – KEY FIGURES Merchants (#) Payments Balance (% YoY) Income Growth (% YoY) 50 52 51 54 12% 10% 48 11% 8% 7% 7% 6% 4% 4% 3% Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 PAD Volume (% YoY) Loan Balance (% YoY) Cost growth, ex IAC (% YoY) 12% 21% 14% 7% 13% 10% 3% 7% 4% -1% 1% -7
Slide 5: Continued Income Growth in a Declining Market
CONTINUED INCOME GROWTH IN A DECLINING MARKET Comments Income statement • Solid growth in week market - Svensk SEKm, unless otherwise stated 1) Q3 2022 Q3 2021 ∆ Handel’s e-commerce indicator for Jan-Sep Net interest income 59.5 55.4 7% showed that e-commerce sales were down Net commission income 48
Slide 6: Payment Solutions – Sustained Income Growth
PAYMENT SOLUTIONS – SUSTAINED INCOME GROWTH Comments Key figures, SEKm 2022 2021 • Showing resilience in week market SEKm, unless otherwise stated 1) Jul-Sep Jul-Sep ∆ sentiment. Continuous interest in our part payment products drives income income up Total income 89.8 80.4 12% with 12% Credit losse
Slide 7: Digital Banking Services – Stable Income Margins
DIGITAL BANKING SERVICES – STABLE INCOME MARGINS Comments Key figures, SEKm • Loan book in decline driven by paused 2022 2021 marketing of loans SEKm, unless otherwise stated Jul-Sep Jul-Sep ∆ Total income 17.1 19.1 -10% • Credit losses increased in accordance with Credit losses -6.4 -2.4 167% IFRS9
Slide 8: The Initial Impact of the Profitability Program on Cost Levels
THE INITIAL IMPACT OF THE PROFITABILITY PROGRAM ON COST LEVELS Comments Cost development, SEKm1 • 12.8m in IAC connected to the profitability program split out on consultancy 4.6m 15% Y-o-Y growth incl. items that affect comparability (other cost) and increased 1% Y-o-Y growth excl. items that affec
Slide 9: Looking Ahead
• Continue to deliver on the profitability program to become profitable on EBT level for the full year 2023 • Continue to develop SME-offering and partnerships • Increased investments in our payments platform LOOKING • Additional members of the management team in Q1 AHEAD • When we are through with
Slide 10: Q&A
Q&A Qliro 10
Slide 11: IR@QLIRO.COM
QLIRO SAFE AND SIMPLE IR@QLIRO.COM