Slide 1: Qliro Year-end report 2021 presentation
Qliro Year-end report 2021 presentation Acting CEO Jonas Arlebäck and CFO Robert Stambro 8 February 2022
Slide 2: Q4 Summary
High business and consumer activity Q4 Broadening of offering towards SME-merchants continued Improved income growth and back to income growth Payment Solutions Costs affecting comparability (”NRI”) of 6,8 MSEK SUMMARY related to severance pay and recruitment costs Strong credit performance continue
Slide 3: PAD volume development at a glance
PAD volume development at a glance Breakdown PAD volume growth Q4 2021, MSEK Breakdown PAD volume growth, Q4 2021 MSEK +7% Y/Y +7% Y/Y +52% Y/Y +3% Y/Y Merchants live bef. New merchants live Churn* Total Sweden Norway Finland Denmark Total Q4 2020 L12M* ⚫ Total PAD volume 2 211 MSEK, growth +7% Y/Y
Slide 4: Q4 Financials
Q4 FINANCIALS QLIRO
Slide 5: Improved income growth
Improved income growth PAD volume, SEKm Lending, SEKm Income, SEKm 12% Y-o-Y growth 7% Y-o-Y growth 6% Y-o-Y growth 2 759 2 460 2 401 2 479 2 545 2 061 2 211 101 106 1 563 1 710 1 641 100 98 99 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q4 2020 Q1 2021 Q2 2021 Q3
Slide 6: Improved operating profit excl. NRIs
Improved operating profit excl. NRIs PAD volume, SEKm Lending, SEKm Income. adjusted for NRIs*, SEKm 15% Y-o-Y growth 12% Y-o-Y growth 4% Y-o-Y growth 7 125 388 404 6 221 2 759 2 460 2020 2021 2020 2021 2020 2021 Riskadjusted income adjusted for NRIs*, SEKm Cost adjusted for NRIs*, SEKm Operating pr
Slide 7: Payment solutions – back to income growth
Payment solutions – back to income growth Comments Key figures, SEKm • Positive volume development SEKm Q4 21 Q4 20 Change Y/Y Total operating income 86.9 83.4 4% • Income growth returning although Loan losses -20.3 -20.3 0% negative effect from deposit fee Income after loan losses 66.6 63.1 +6% Len
Slide 8: Digital banking services – solid financial development
Digital banking services – solid financial development Comments Key figures, SEKm • Growth in lending 13% YoY but -1% SEKm Q4 21 Q4 20 Change Y/Y Q/Q driven by lower new lending Total operating income 19.3 16.5 +17% Loan losses -3.3 -5.9 -44% • Improved margin Income after losses 16.0 10.5 +52% Lend
Slide 9: Attractive income margins
Attractive income margins Comments Payment solutions, riskadjusted income margin %* Quarterly • Payment Solutions: Income margin lower in 2021 than 2020 but stable through 2021 20% 19% 18% 18% 18% 17% 17% 17% • Positive margin development in Digital Banking services driven by higher APR and better c
Slide 10: Improved credit performance
Improved credit performance Comments PAD losses in relation to PAD volumes, % Loan loss level, personal loans, % • Clean balance sheet strategy – low Reported Adjusted* Adjusted rolling 12m* Reported Adjusted* Adjusted rolling 12m* valuation risk in the balance sheet 2,6 2,6 • New agreement with bet
Slide 11: Stable cost level from previous quarter
Stable cost level from previous quarter Comments Cost development excluding NRI*, SEKm 4% growth Y/Y • Staff costs stable and higher costs mainly driven by higher D&A and IT costs 91 86 91 91 94 22 24 25 24 23 21 19 19 23 19 • Increased cost in IT related to cloud 10 10 10 8 11 migration and cyber s
Slide 12: Business update 2022
Business Stronger and two SME-merchants integrated as new merchants update 2022 New agreement with Centra Safe payments initiatives launched 12
Slide 13: Looking ahead
Growth and efficiency in focus Sign and onboard new merchants including new verticals Looking Continue to develop SME-offering and partnerships within the area ahead Deliver on growth strategy focused on payments Updated strategy to be presented late March Q1 report 3rd of May 13
Slide 14: Qliro
QLIRO