Qliro Ab · OMXSTO:QLIRO
Qliro Ab — Q1 2023 Earnings Presentation
14 slides from Qliro Ab's earnings presentation, 2023
Slide 1: Q1 2023 Presentation
Q1 2023 PRESENTATION CEO CHRISTOFFER RUTGERSSON CFO ROBERT STAMBRO Qliro 1
Slide 2: Today's Presenters
TODAY’S PRESENTERS Christoffer Rutgersson Robert Stambro CEO CFO Qliro 2
Slide 3: Q1 - Key Business Highlights
Q1 - KEY BUSINESS HIGHLIGHTS Our first profitable quarter given the positive traction in our profitability program • Revenues up 7% to SEK 113.7m (106.0), in a declining e-commerce market • Strong traction in our profitability program have improved our operational excellence • Operating costs decrea
Slide 4: A Quarter of Growth and Profitability
A QUARTER OF GROWTH AND PROFITABILITY Key financial highlights Income development Operating costs excl. IAC • Income growth of 7 percent to SEK 113.7m, driven by 10% 7% -18m growth in Payment Solutions 106.0 105.4 106.7 110.8 113.7 91.5 93.9 90.7 98.2 • Svensk Handel’s e-commerce indicator for Q1 20
Slide 5: Decreased Cost Base Drove Profitability in Q1
DECREASED COST BASE DROVE PROFITABILITY IN Q1 Comments Cost development excl. IAC • Profitability program successfully delivered: • Digitalization of core functions -11m -18m 98.2 • Office improvements 91.5 93.9 90.7 • Modernized technology 22 80,1 23 23 24 • Reduction of external cost 18 • Operatio
Slide 6: Payment Solutions – New KPI's Reflecting Our Growth Strategy
PAYMENT SOLUTIONS – NEW KPI’S REFLECTING OUR GROWTH STRATEGY Qliro Checkout Enabling Merchants to accept all relevant payment methods to enable their growth LTM: SEK 12 bn Pay Now 48% Strategic initiatives New KPIs SME expansion • Total Payments Volume • Pay Now Volume Collecting PSP Pay Later • BNP
Slide 7: Payment Solutions – Q1 Performance [I/II]
PAYMENT SOLUTIONS – Q1 PERFORMANCE [I/II] Share of income 84% Operational KPI’s Financial KPI’s No. of active merchants Total Payments Volume, SEKbn BNPL Volumes, SEKbn Income development, SEKm BNPL is our most profitable part of the Pay Later volumes given that the invoice volumes have limited fees
Slide 8: Payment Solutions – Q1 Performance [II/II]
PAYMENT SOLUTIONS – Q1 PERFORMANCE [II/II] Share of income 84% Comments COMMENTSonON Q1Q1 Performance PERFORMANCE Financial KPI’s Income development, SEKm ✓ Resilience in a declining e-com market – income growth of +10%, 10%, YoY and total payments volume declined only -2% with a market that 95.2 93
Slide 9: Payment Solutions – Our Strategic Direction
PAYMENT SOLUTIONS – OUR STRATEGIC DIRECTION Qliro QLIROin the past IN THE PAST Qliro going QLIRO GOING forward FORWARD Increase our Leading enterprise Enterprise capabilities SME expansion adressable market capabilities packaged also for SME Build a great Package and capitalize also on Pay Later foc
Slide 10: Digital Banking - Stabilising Loan Balance and Increasing Margin
DIGITAL BANKING - STABILISING LOAN BALANCE AND INCREASING MARGIN 16% Share of income Comments Loan balance and operating income margin Income and credit loss level • Income decreased to SEK 18.5m (19.3) – fully compensated by 10 2,000 3.6% 3.5% 8.5% 2.8% growth in Payment Solutions 7.5% 7.5% 7.3% 7.
Slide 11: Capital and Liquidity
CAPITAL AND LIQUIDITY Comments Capitalization Financing mix • Capital headroom of 7,3% or SEK +7,3% 166m towards (166m) regulatory requirement 18,8% 3,0% • Solid liquidity position with an LCR 4.3% above 467% and NSFR above 14.2% 131% • Lending to the public primarily 11,5% financed through deposits
Slide 12: Looking Ahead
LOOKING AHEAD • Continuing to focus on becoming a stronger payment partner for merchants to further expand in both the Enterprise and SME segment of Payment Solutions • A new merchant success team providing ability to increase our speed of onboarding new merchants in 2023 • Launch of Collecting PSP
Slide 13: Q&A
Q&A Qliro 13
Slide 14: IR@QLIRO.COM
QLIRO SAFE AND SIMPLE IR@QLIRO.COM