Intrum Ab · OMXSTO:INTRUM
Intrum Ab — Investor Day (2023)
11 slides from Intrum Ab's investor day presentation, Sep 13, 2023
Slide 1: Agenda
Agenda Introduction Leading the way — today and tomorrow Operations Operational excellence Servicing Profitable growth through client focus Investing Value extraction and pivot to capital light Financials Servicing growth and accelerated deleveraging Closing remarks intrum Intrum today and tomorrow
Slide 2: Pivoting towards capital light
Pivoting towards capital light Extract value from existing book Unparalleled investing platform Maintain collection performance Leverage our proprietary pipeline in addition to market exits and and industrial collections tactical actions capabilities intrum Asset management Use 3rd party capital to
Slide 3: The largest industrial investment franchise across Europe
The largest industrial investment franchise across Europe SEK 41.0 bn >200 deals £2 e book value across ~20k portfolios won per year (average deal size 2 3 @ Middle Europe of SEK ~35M ce @ Southern Europe @ Tactical markets SEK 86 bn <15 deals = Tactical markets exitin, Estimated Remaining of SEK >5
Slide 4: Delivering resilient performance also through challenging times
Delivering resilient performance also through challenging times 106% 110% 17x 14% 2.0x avg. performance index vs. Performance last Increased collections avg. unlevered IRR gross MoM original forecast since 2004 four quarters since 2004 since 2018 since 2018 Performance Index, RTM%! Gross collections
Slide 5: Our diversified ERC will deliver cash flow for years to come
Our diversified ERC will deliver cash flow for years to come SEK 86 bn ERC intrum 24M customers SEK ~740 bn balances oo Only 11% Of Balance to be collected SEK 31 bn Cumulative collections over 2024-26 SEK 25 bn Cumulative pre-tax! cash-flow over 2024-26
Slide 6: Our platform reaches EUR >3 tn of impaired credits creating diversified origination opportunities
Our platform reaches EUR >3 tn of impaired credits creating diversified origination opportunities coverage of the European NPL stock and Stage-2 loans ~98% EU/EEA (as of Q1 '23) EUR 433 bn! 1.5%! NPL volume and ratio on banks’ balance sheet Stage-2 loans and ratio on banks’ balance sheet EUR 2,795 b
Slide 7: How we will move forward
How we will move forward Pivoting to an asset manager Solid underwriting and portfolio Strong value proposition to 3'¢ management capabilities party capital + Specialised teams with proprietary underwriting * Leverage our existing investing models capabilities, providing exclusivity to * Global team
Slide 8: Cerberus Davidson Kempner Blackstone
Cerberus Davidson Kempner Blackstone CarVal Intrum PIMCO AMCO Fortress Quaestio Capital… Lone Star Goldman Sachs Bain Capital King Street Hoist doValue Banca Ifis Barclays Deutsche Bank Elliott Bank of Ireland
Slide 9: Our approach to Investing
Our approach to Investing Today: © Standalone investments [—74 v_ Funded 100% by Intrum capital v_ Primarily dedicated to granular consumer unsecured loans Vv SEK ~7.5 bn investments p.a. Vv. SEK 41 bn of Book Value intrum Tomorrow: Asset management with 3 a capital partnership v Target SEK >10.0 bn
Slide 10: Capital light
Capital light Drivers Extract value from existing book and reduce BV to SEK ~30 bn SEK ~25 bn net collections maintaining high collection performance Market exits and tactical actions on our back book intrum Leverage our granular origination and management capabilities Provide exclusive access to ou
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