Multitude Ag · XETR:MULT
Multitude — Ferratum — Debt Investor Presentation (October 2019)
20 slides from Multitude's debt investor presentation, October 2019
Slide 1: Ferratum Corporate Presentation October 2019
ferratum Corporate - Presentation October 2019
Slide 2: Forward-looking statements disclaimer
This presentation contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or future financial performance of Ferratum. Such statements are based on the current expectations and certain assumptions of Ferratum’s management, of which many are beyond
Slide 3: Overview
ferratum Overview ferratum
Slide 4: Founded in Helsinki 2005, mobile lender and mobile bank
Founded in Helsinki (2005) by CEO and largest shareholder Jorma Jokela (~55%), • Mobile lender and mobile bank with deposit business • Lending in 23 countries on 6 continents • Three main business lines Frankfurt Stock Exchange Prime Standard Full EU Banking License, enabling deposit taking for opti
Slide 5: Geographic diversification and mobile expansion milestones
MB next generation Prime Loan Mobile Bank SME Lending IPO EU Banking License Product Geographic Diversification Mobile Expansion Concept FIN SWE LAT POL DEN GBR MLT GER CAN BRA BGD EST LIT ESP BUL CRO ROM NOR NIG CZE NZL MEX NED AUS 5 FE-Classification: General\Anyone
Slide 6: Product range by maturity, loan amount and APR
LOW LOAN AMOUNT HIGH All products are based on the same principles: PRODUCT: SOLUTION: Full digital setup and high user convenience, real-time, paperless LONG SME SME – Business loan offering for small and medium size companies Primeloan Primeloan - strategic product for entering larger mass segment
Slide 7: Revenue shares of Credit Limit and SME continue to grow
Revenue shares of Credit Limit and SME continue to grow, representing together 63% of all revenues (H1 2018 57%) Average Average Revenue 6M Revenues by Active Products Loan Comments Loan Value Share Product (€,000) Markets Term Primeloan 2018 400 Primeloan: (incl. Mobile Bank) +309% y-o-y €6,751 5.5
Slide 8: Technology: data analysis, real-time credit risk scoring
Data gathering and analysis Real-time credit Digital marketing risk scoring Technology Automated pay- Digital in & pay-out onboarding Entrepreneurial spirit and calculated risk-taking culture Unique regulatory expertise globally 8 FE-Classification: General\Anyone
Slide 9: Growth horizons: lender, mobile wallet, financial platform
Most valued Financial Platform Horizon III Revenue & adding value Most valued Mobile Wallet • by attracting ecosystem partners • Growth through start-ups & ventures Horizon II Most valued Lender • • Partnerships and joint ventures • Asset-light model Horizon I • • Simplify & digitize further • Execu
Slide 10: Digital onboarding versus traditional banks
Traditional banks 30 mins Current account, Virtual card, self-selected Loan Day 3 Identification PIN Day 4+ application ~ in minutes process Consultation, Day 2 >4 days Digital Credit check 3-6 Credit data Credit Wallet approval Loan capture in use signatures, bank Salary payout statements, statemen
Slide 11: Benefits for customers and for Ferratum
Benefits for customers Benefits for Ferratum Modern banking Accessing all services to use services from one money securely place globally Helping to save Increasing and prosper Support when activity & loyalty and where there is a need for extra money Decreasing cost of funding Ferratum revenue sourc
Slide 12: Commission revenue and customer retention
Commission Risk free revenue profit New Customer customer segments retention 12 FE-Classification: General\Anyone
Slide 13: Finance
ferratum Finance
Slide 14: H1 2019 income statement
EUR, 000 H1 2019 H1 2018* % Change ▪ Revenue growth 17.2%: main growth drivers Credit Limit and SME Revenue 145,613 124,232 +17.2% ▪ Sound profitability: EBIT grew @ 23.8 %, EBT @ 51.7% y-o-y Other income 11 16 -33.5% Impairment of loans (54,335) (42,162) +28.9% ▪ Improved profitability based on Sel
Slide 15: Impairments as % of revenues and net AR
Impairments as % of revenues were at around 30-35% annually in the last years. Impairments on loans in % of the Credit Portfolio provide a better view on our risk and scoring model and show a decreasing trend reflecting our strategic product transition. Impairments / net AR 48% 47% 46% 33% 32% 33% 3
Slide 16: Quarterly revenue and EBIT
EUR millions 80 72.0 73.2 72.4 70 66.0 61.4 62.8 60 50 40 30 20 12.5 10.8 10.1 8.8 9.7 10 6.5 0 Q1 Q2 Q3 Q4 Q1 Q2 Revenue EBIT * Q1-Q3 2018 restated 16 FE-Classification: General\Anyone
Slide 17: Solid cash level and sound deposit volume
Solid cash level and sound deposit volume – strong funding mix 17 EUR ‘000 30 Jun 2019 31 Dec 2018 % Change EUR ‘000 30 Jun 2019 31 Dec 2018 % Change Assets Equity and liabilities Non-current assets 54,273 53,714 +1.0% Equity 113,959 107,380 +6.1% Accounts receivable – consumer loans (net) 354,002 3
Slide 18: Funding mix: bonds, credit line and deposits
10 €25M €100M 9 €100M €80M 8 €40M €40M 7 6 €25.9M €15M 5 €182M €188M 4 3 2 1 0 2015 2016 2017 2018 H1 2019 Ferratum Capital Germany 4.875% 2019 Nordea Credit Line (of which (repaid in June 2019) no limit used at 30 June 2019) Ferratum Bank 6.25% + 3m Euribor 2020 Deposits Ferratum Capital Germany 5.
Slide 19: Shareholder structure
Jorma Jokela Universal Investment Gesellschaft mbH Ferratum Oyj* Dorval AM 31.52% Total Free Float** Other shareholders 55.05% 7.67% 5.09% 0.67%* All information of shareholders holding based on the latest shareholder notifications received * Treasury shares held by Ferratum Oyj (no voting right and
Slide 20: FE-Classification: General\Anyone
20 FE-Classification: General\Anyone