Pra Group, Inc. · NASDAQ:PRAA
Pra — 2026 IDEAS Midwest Conference
19 slides from Pra's conference presentation, 2026
Slide 1: 2026 IDEAS Midwest Conference Investor Presentation
2026 IDEAS Midwest Conference Investor Presentation A Global Leader in Acquiring and Collecting Nonperforming Loans
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation, other than statements of historical fact, are forward-looking statements, which are based on our current beliefs, projections, assumptions and expectations concerning future operations and financial performance. Such statements involve unce
Slide 3: Themes Covered
Themes Covered Industry Overview PRA Overview Strategy for Creating Value Execution & Financial Results Investment Catalysts 2 Nasdaq: PRAA
Slide 4: The Nonperforming Loan (NPL) Ecosystem
The Nonperforming Loan (NPL) Ecosystem Banks & Consumer Finance Recovery of NPLs is Essential How Debt Buyers Companies Generate NPLs to a Healthy Financial System Create Value • Banks & consumer finance companies • Collecting on NPLs is essential for a • Debt buyers leverage scale, technology, exte
Slide 5: The U.S. NPL Market is the World's Largest – and it Continues to Grow
The U.S. NPL Market is the World’s Largest – and it Continues to Grow U.S. Credit Card Balances1 and Charge-Off Rates2 Attractive Through-the-Cycle Business Model $ in billions Strong Economy $1,200 $1,089 10% $1,000 • Healthy customer payment activity supports 8% collections performance on our larg
Slide 6: PRA Group: Strong Market Position, Improving Financial Performance and Significant Opportunities Ahead
PRA Group: Strong Market Position, Improving Financial Performance and Significant Opportunities Ahead Key Highlights Key Stats (Q2 2026) 1. 30+ years of experience with highly tenured 1 management team $297M $559M Portfolio Purchases Cash Collections 2.2 Significant global scale and diversification
Slide 7: Our Global Platform Is a Key Differentiator and Positions Us to Capitalize on Attractive Opportunities
Our Global Platform Is a Key Differentiator and Positions Us to Capitalize on Attractive Opportunities United States (40% of ERC) Europe (54% of ERC) ✓ Largest NPL market globally ✓ Strong track record of disciplined investments, especially during periods of elevated competition ✓ Record credit card
Slide 8: Industry Evolution Is Creating New Drivers of Success
Industry Evolution Is Creating New Drivers of Success The Next Generation of Debt Buying Increasingly Requires Data & Analytics, Technology, and Operational Efficiency Data & Analytics Technology Operational Efficiency • Better underwriting and • Modern, cloud-based • Scalable operating model foreca
Slide 9: PRA 3.0: A Clear Strategic Framework for Driving Higher Returns and Long-Term Shareholder Value
PRA 3.0: A Clear Strategic Framework for Driving Higher Returns and Long-Term Shareholder Value 1 Invest with Discipline – allocate capital to highest-return opportunities: Capital & • Disciplined global NPL investor • Strong financial profile through the credit cycle Investing • Strong diversified
Slide 10: Recent Progress Executing PRA 3.0
Recent Progress Executing PRA 3.0 Major Milestones Achieved Over the Past Year 1 ✓ Increased Europe ERC by $349M ✓ Continued to reduce leverage: 2.87x in Q3 ‘24 vs. 2.67x in Q2 ‘26 Capital & ✓ Raised €300M of 2032 notes to further diversify funding mix Investing ✓ €730M European RCF refinancing ✓ Op
Slide 11: Growing Cash Collections and Disciplined Cost Management Driving Adjusted EBITDA Growth
Growing Cash Collections and Disciplined Cost Management Driving Adjusted EBITDA Growth $ in millions Global Diversification and Disciplined Capital Deployment Continued Growth in Cash Collections That Continues to Meet Return Requirements While Maintaining Strong Operating Efficiency Portfolio Purc
Slide 12: Strong Funding Profile and Disciplined Capital Allocation
Strong Funding Profile and Disciplined Capital Allocation Staggered Maturities (None Until 2028) Flexible Capital Allocation Strategy Debt Maturity Profile1 $ in millions 1 Disciplined portfolio purchases that meet return $1,862 thresholds $550 $618 $398 $343 $0 $0 2026 2027 2028 2029 2030 2031 2032
Slide 13: Clear Catalysts to Drive Improved Returns and Long-Term Shareholder Value
Clear Catalysts to Drive Improved Returns and Long-Term Shareholder Value Long Track Record & Strong Clear Vision for the Future Driving Financial Metrics Fundamentals with Proven Execution • Scaled global platform with 30-year ✓ Capital & Investing ✓ Record ERC of $8.9B track record ✓ Operations, T
Slide 14: Q&A
Q&A 13 Nasdaq: PRAA
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management uses certain non-GAAP financial measures, including the non-GAAP financial measures referred to below, internally to evaluate the Company
Slide 16: Reconciliation of Net Income/(Loss) to Adjusted EBITDA and Calculation of Net Leverage
Reconciliation of Net Income/(Loss) to Adjusted EBITDA and Calculation of Net Leverage $ in millions Non-GAAP Financial Measures Set forth below is a reconciliation of Net income/(loss) attributable to PRA Group, Inc. to Adjusted EBITDA for the last twelve months (LTM) as of March 31, 2023 through t
Slide 17: Reconciliation of Total Operating Expenses to Adjusted Operating Expenses and Calculation of Adjusted Cash Efficiency Ratio
Reconciliation of Total Operating Expenses to Adjusted Operating Expenses and Calculation of Adjusted Cash Efficiency Ratio Non-GAAP Financial Measures The following table provides a reconciliation of Total operating expenses to Adjusted operating expenses and presents the Company's Adjusted cash ef
Slide 18: Reconciliation of Net Income/(Loss) Attributable to PRA Group to Adjusted Net Income
Reconciliation of Net Income/(Loss) Attributable to PRA Group, Inc. to Adjusted Net Income/(Loss) Attributable to PRA Non-GAAP Financial Measures The following table provides a reconciliation of Net income/(loss) attributable to PRA Group, Inc. to Adjusted net income/(loss) attributable to PRA for t
Slide 19: Najim Mostamand, CFA
Najim Mostamand, CFA VP, Investor Relations (757) 431-7913 IR@pragroup.com IR.PRAGROUP.COM