Multitude Ag · XETR:MULT

Multitude — Ferratum — Q1 2020 Earnings Presentation

16 slides from Multitude's earnings presentation, May 20, 2020

  1. Slide 1: First Quarter Results 2020

    ferratum First Quarter Results 2020 IFRS preliminary unaudited financial results for the first three months ended 31 March 2020 20 May 2020

  2. Slide 2: Forward-looking statements disclaimer

    This presentation contains, or may be deemed to looking statements. contain, forward-looking statements. These By their nature, forward-looking statements involve statements relate to future events or future financial risks and uncertainties because they relate to events Nothing in this presentation

  3. Slide 3: Fast, easy & digital financial solutions

    Years of operation Countries Consumer Business Mobile Bank Loans loans and Primeloan 87% of revenues 12% of revenues 1% of revenues Fast, easy & • Early action to the COVID-19 pandemic: lending tightened to reduce the Group’s risk exposure, digital strengthened liquidity, cost reduction plan in impl

  4. Slide 4: Products and Average Loan Value

    Average Average Revenue Q1 Revenues by Active Products Loan Comments Loan Value Share Product (€,000) Markets Term Primeloan 2019 830 (incl. Mobile Bank) +3% y-o-y €6,375 5.2 years 1.3% 2020 4 (4) €3,000 – €20,000 / 853 1 – 10 Years term Business (SMEs) 2019 6 083 12.1% +31% y-o-y Up to €250,000 / €

  5. Slide 5: Q1 2020 Financial Overview

    ferratum Qi 2020 FINANCIAL OVERVIEW

  6. Slide 6: Q1 2020 income statement overview

    in EUR m Q1 2020 Q1 2019 % change • Revenue decline of -10.4%: Revenue 65.604 73.196 -10.4 % (1) COVID-19 impact as of early March 2020, EBIT -2.292 9.707 n.m. (2) Restricted lending in selected markets during Q1 in% of Revenue -3.5% 13.3% -16.8 PP • EBIT EUR -2.3 million: Adjusted EBIT (excluding C

  7. Slide 7: Balance sheet

    7 EUR ‘000 31 Mar 2020 31 Dec 2019 % Change EUR ‘000 31 Mar 2020 31 Dec 2019 % Change Assets Equity and liabilities Non-current assets 60,827 60,512 +0.5% Equity 118,314 129,138 -8.4% Accounts receivable – customer loans Non-current liabilities 178,666 174, 236 +2.7% 366,388 386,167 -5.1% (net) Othe

  8. Slide 8: Results by product

    ▪ Revenue share of Credit EUR ‘000 Mobile Bank and Microloan PlusLoan Credit Limit SME Primeloan Total Limit product up at 59% Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 ▪ SME revenue share up at Revenue 5,987 10,478 12,322 17,088 38,486 38,718 7,

  9. Slide 9: Action plan to navigate through the COVID-19 pandemic

    ferratum Action plan on how to. navigate through the COVID-19 pandemic

  10. Slide 10: Impact on Ferratum

    Deteriorating macroeconomic factors across Europe • GDP is expected to decrease by 7.5% in the Euro area in 2020 (2019: +1.2%) • Unemployment rate is anticipated to increase in 2020 • Consumption has slowed down Impact on Ferratum Impairments Group revenue Payment behaviour • Increase driven by IFRS

  11. Slide 11: Manage for Liquidity, Control Risk, Reduce Costs, Go for Opportunities

    1. Manage for Liquidity 2. Control Risk Management focus on liquidity and payment behaviour result Immediate reduction of the Group’s risk appetite to protect in strong financial metrics against severe hits in credit defaults • Increase in deposits leads to cash resources of EUR 213 m • Suspension o

  12. Slide 12: Bank deposits and daily movements

    Bank deposits in Mio € Bank deposits daily movements: positive inflows during pandemic 10 000 000 380 356 360 8 000 000 340 6 000 000 318 320 4 000 000 300 290 280 2 000 000 259 260 242 - 240 02/01/2020 -2 000 000 02/02/2020 02/03/2020 02/04/2020 02/05/2020 220 -4 000 000 200 -6 000 000 Outflows Inf

  13. Slide 13: Payment behaviour and impairments

    Payment behaviour and impairments • Ferratum has adjusted its scoring and Invoices paid within 7 DPD underwriting criteria for a deteriorating macro economic environment FX • Lending suspended in Spain and Poland and very selective and country specific new lending guidelines in all other countries •

  14. Slide 14: Personnel expenses

    Personnel expenses • Head count reduction plan in implementation: 1200 • Q1: -6.4 % personnel expenses; • Substantial headcount reduction by end of Q2 1000 • Annualized cost impact € 6 Mio 800 600 Operational expenses • Cost reduction program in progress 400 • Review all service providers • Cut back

  15. Slide 15: Early reaction to COVID-19 pandemic with strong management action

    • Early reaction to COVID-19 pandemic with strong management action to reduce costs, strengthen liquidity and to prepare the group to be ready to reactivate growth post pandemic • Payment behavior is currently in a better shape than total impairments indicate • Strong liquidity position and balance

  16. Slide 16: Contacts and financial calendar

    Date Financial Calendar Events Bernd Egger 30.06.2020 Ferratum Group: Annual General Meeting Chief Financial Officer 20.08.2020 Ferratum Group: H1 results Telephone: + 49 173 7931235 28.08.2020 Ferratum Capital Germany: H1 report e-Mail: bernd.egger(at)ferratum.com 28.08.2020 Ferratum Bank p.l.c.: H

Ferratum — Q1 2020 Earnings Presentation on 6ix