Multitude Ag · XETR:MULT
Multitude — Ferratum — Investor Presentation (November 2019)
23 slides from Multitude's investor presentation, November 2019
Slide 1: Corporate Presentation November 2019
ferratum Corporate - Presentation November 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: Fast, easy & digital financial solutions
Years of profitable Countries growth Consumer Business Mobile Bank Loans loans (incl. PrimeLoan) 90% of revenues 9% of revenues 1% of revenues Founded EU Banking Frankfurt Helsinki 2005 Licence Prime Standard Fast, easy & digital financial ▪ Reiteration of EBIT guidance for 2019 > EUR 45m solutions
Slide 5: Vision Mission
Vision Mission “We have always strived to offer our customers the fastest, easiest and “We strive to offer everyone globally value beyond money through most convenient loans. Now, we bring this vision beyond lending and fastest, easiest and best customer experience” into the whole financial field. T
Slide 6: Horizons: Revenue & adding value
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 7: Operating state-of-the art IT architecture – five key winning areas
Operating state-of-the art IT architecture – five key winning areas Data analysis 10m applications* 5m scored Real-time credit Digital marketing 24m visits* Applications* risk scoring 1.6m 1.8m payments* approvals* Automated pay- Digital in & pay-out onboarding + Entrepreneurial spirit and calculate
Slide 8: Product strategy: maturity vs loan amount
9M 2019 revenue dynamics follow our product strategy to transform our activities to products with lower a risk profile and higher CLV 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 S
Slide 9: Credit Limit and SME representing together 64% of group revenue
Credit Limit and SME representing together 64% of group revenue – up by 5PP compared to 9M 2018 Average Average Revenue 9M Revenues by Active Products Loan Comments Loan Value Share Product (€,000) Markets Term Primeloan 2018 840 (incl. Mobile Bank) +208% y-o-y • Primeloan in the ramp-up phase with
Slide 10: Serving underbanked small businesses in Europe
Serving underbanked small businesses in Europe Our business activities with financial and lending solutions: Fast, easy, digital and anytime access to financial services Establishing a European FinTech player serving Our vision small businesses with funding solutions ▪ EUR 400bn European wide fundin
Slide 11: Business lending revenue performance
Revenue performance (EUR) 25 21.0 +60% +205% 20 Business lending: established in 2016 15 13.1 Seven markets FI, SE, DK, NL, UK, CZ, LT 10 4.3 Loan Amount + EUR 2K - 250K (Avg. c. EUR 13K); 5 Terms 6– 24 months (Avg. c. 15) 0 2016 2017 2018 20.2 Average Time in Average no Average Annual 20 69% Busine
Slide 12: Proven digital business model with 14 years of profitable growth
Proven digital business model with 14 years of profitable growth • CAGR Revenue (11-18): 34% • CAGR EBIT (11-18): 40% Proven • Strong asset quality digital business Strong competitive position model • 14 years learning curve in key winning and complex areas • Customer-centric organization; Knowing t
Slide 13: Finance
ferratum Finance
Slide 14: 9M 2019 income statement
EUR, 000 9M 2019 9M 2018* % Change ▪ Revenue growth at 14.7%, main growth drivers Credit Limit and Business Lending Revenue 218,086 190,194 +14.7% ▪ Solid profit growth driven by scale effects and cost discipline: Impairment of loans (78,945) (65,400) +20.7% EBIT +31.8 %, EBT +43.7% y-o-y Personnel
Slide 15: Balance sheet and ND/E increase
30 Sep 31 Dec 15 EUR ‘000 30 Sep 2019 31 Dec 2018 % Change EUR ‘000 % Change 2019 2018 Assets Equity and liabilities Non-current assets 56,709 53,714 +5.6% Equity 121,092 107,380 +12.8% Accounts receivable – customer 365,152 320,538 +13.9% Non-current liabilities 174,361 138,276 +26.1% loans (net) O
Slide 16: Funding and deposits overview
10 €25M €100M 9 €100M €80M 8 €40M €40M 7 6 €20M €32.6M 5 €183.4M €205.4M 4 3 2 1 0 2015 2016 2017 2018 9M 2019 Ferratum Capital Germany 4.875% 2019 Nordea Credit Line (of which (repaid in June 2019) no limit used at 30 September 2019) Ferratum Bank 6.25% + 3m Euribor 2020 Deposits Ferratum Capital G
Slide 17: 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 18: EBIT guidance and mid-term aspiration
Mid-term aspiration Guidance EBIT to exceed EBIT to exceed EUR 100 million EUR 45 million EBIT MEUR 100 45 38 32 21 16 11 2014 2015 2016 2017 2018 2019 Mid-term aspiration 18 FE-Classification: General\Anyone
Slide 19: Investor relations contacts
Bernd Egger Emmi Kavander Chief Financial Officer Head of Group Communications and Telephone: + 49 173 1235 Investor Relations e-Mail: bernd.egger(at)ferratum.com Telephone: +41 (0) 79 940 6315 e-Mail: emmi.kavander (at) ferratum.com Paul Wasastjerna Jochen Reichert Head of Investor Relations, Advis
Slide 20: Back up
ferratum Back up ferratum
Slide 21: Seamlessly integrated, open accounts for all potential customers
Direct Linking 24 million visits Seamlessly integrated, open accounts for all potential customers 21 FE-Classification: General\Anyone
Slide 22: Quarterly development Q3 2018 to Q3 2019
EUR million Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 ▪ Between Q1 2019 and Q3 2019 revenue has been nearly stable while EBIT has improved substantially Revenue 66.0 72.0 73.2 72.4 72.5 ▪ Scoring and risk appetite has been tightened: Impairments on loans 23.2 23.1 28.7 25.7 24.6 • Temporarily decelerated new on
Slide 23: Product-level revenue, impairments and margins
▪ Decreasing overall Microloan PlusLoan Credit Limit SME Mobile Bank*** Total EUR ,000 impairment ratios since Q1 9M 2019 9M 2018* 9M 2019 9M 2018* 9M 2019 9M 2018* 9M 2019 9M 2018* 9M 2019 9M 2018* 9M 2019 9M 2018* 2019 Revenue 28,143 31,538 48,593 47,757 118,603 94,519 20,160 15,540 2,586 840 218,