Slide 1: Q4 2022 Presentation
Q4 2022 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: New Leadership Team
NEW LEADERSHIP TEAM New leaders in the Executive Management Team Transformation of broader leadership team >50% of all leaders across Qliro are new in their positions since the summer in order to improve our operating model to execute on the strategy of expanding within Payment Solutions Robin Soubr
Slide 4: Q4 - Key Business Highlights
Q4 - KEY BUSINESS HIGHLIGHTS ✓ Revenues increased 6% during Q4 and 8% for the full year despite a decline in e-commerce in general ✓ Continued to deliver on the transformation of Qliro, taking 28 MSEK in costs within the profitability program ✓ Previously communicated profitability measures were com
Slide 5: Profitability Program
PROFITABILITY PROGRAM DIGITALIZATION OF OFFICE MODERNIZED CORE FUNCTIONS IMPROVEMENTS TECHNOLOGY REDUCTION OF OPERATIONAL SALES ACCELERATION EXTERNAL COSTS EFFICCIENCY & SME LAUNCH Expectation to reach profitability in 2023 Qliro 5
Slide 6: Continued Income Growth in a Declining Market
CONTINUED INCOME GROWTH IN A DECLINING MARKET Comments Income statement • Income growth of 6% in a declining SEKm, unless otherwise stated 1) Q4 2022 Q4 2021 ∆ e-commerce market Net interest income 63.0 59.2 6% Svensk Handel’s e-commerce indicator for Q4 Net commission income 49.0 45.5 8% and Jan-De
Slide 7: Payment Solutions – Sustained Income Growth
PAYMENT SOLUTIONS – SUSTAINED INCOME GROWTH Comments Key figures, SEKm • Demonstrating resilience in a declining 2022 2021 e-commerce market, demand for our part SEKm, unless otherwise stated 1) Oct-Dec Oct-Dec ∆ payment products has led to a 9% increase in Total income 93.2 85.5 9% income within Pa
Slide 8: Digital Banking Services – Stable Income Margins
DIGITAL BANKING SERVICES – STABLE INCOME MARGINS Comments Key figures, SEKm • Decline in loan book due to reduced 2022 2021 marketing of loans SEKm, unless otherwise stated Oct-Dec Oct-Dec ∆ Total income 17.6 19.3 -9% • Numerous initiatives to stabilize the trend: Credit losses -8.0 -3.3 142% Adjust
Slide 9: Underlying Cost Temporarily Increase with 6%
UNDERLYING COST TEMPORARILY INCREASE WITH 6% Comments Cost development, SEKm1 • The last quarter of IAC connected to the Profitabillity program – A total of 28m 16% Y-o-Y growth incl. items that affect comparability invested in Q4 6% Y-o-Y growth excl. items that affect comparability • Positive VAT
Slide 10: Capital and Liquidity
CAPITAL AND LIQUIDITY Comments Capitalization Financing mix, SEKm • Capital headroom of 5,1% 17.1% 100 or 145m towards regulatory requirement 3,9% 471 • Solid liquidity position with an 11.5% LCR above 200% and NSFR above 125%. 2,0% 1,5% • Lending to the public primarily financed through deposits in
Slide 11: Looking Ahead
LOOKING AHEAD • Remained focus on improving our operational efficiency • Continue to develop enterprise and SME-offering • Execution of our digitalization initiatives • Once through with the profitability measures during the spring, long-term financial targets will be defined Qliro 11
Slide 12: Q&A
Q&A Qliro 12
Slide 13: Appendix
APPENDIX Qliro 13
Slide 14: Q4 Performance Summary – Key Figures
Q4 PERFORMANCE SUMMARY – KEY FIGURES Merchants (#) Payments Balance (% YoY) Income Growth (% YoY) 52 51 54 58 10% 50 11% 8% 7% 7% 6% 6% 6% 6% 4% 4% 3% 3% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 PAD Volume (% YoY) Loan Balance (% YoY) Cost growth, ex IAC (% YoY) 13% 14% 7% 10% 3% 7% 6% -1% 4% -1
Slide 15: IR@QLIRO.COM
QLIRO SAFE AND SIMPLE IR@QLIRO.COM