Slide 1: Earnings Call Presentation
Earnings Call Presentation 3 months 2024 May 2024
Slide 2: Disclaimer
Eleving Group Disclaimer The information contained in this presentation has been prepared by Eleving Group, a public company presentation is made available must make its own independent assessment of the Borrower after limited by shares (société anonyme) duly incorporated and validly existing under
Slide 3: Presenters
Eleving Group Presenters Modestas Sudnius Maris Kreics Chief Executive Officer Chief Financial Officer ▪ With Eleving Group since 2013, part of the Group’s management ▪ With Eleving Group since 2015 team as CEO since November 2018 ▪ Before joining Eleving Group, spent two years in a corporate financ
Slide 4: Operational highlights
Eleving Group Operational highlights Improving operational and financial performance Revenue, mln EUR1 Eleving Group is further diversifying its debt 189.3 ▪ Adjusted Q1 revenue reached EUR 51.8 mln, profile and tapping into various channels, 175.7 up by over 20% compared to Q1 2023; primarily in lo
Slide 5: Global scope
Eleving Group Global scope Multi-geography platform that eliminates a single-market risk Portfolio balance1 Vehicle Finance Consumer Finance As of 31 March 2024 Latvia (LV) Moldova (MD) Albania (AL) Population2: 1.9 mln Population: 2.5 mln Population: 2.8 mln Passenger vehicles3: 0.66 mln Passenger
Slide 6: Non-financial KPIs
Eleving Group Non-financial KPIs Leveraging data to provide up-to-date products to customers and highest returns to shareholders Vehicle Finance, Q1 2024 Consumer Finance, Q1 20242 16.8k (4.6%) 8.9% (1.4 p.p.) 2.9 mln (2.6%) 975 (1.9%) 113.1k (1.6%) 30.7% (3.4 p.p.) Vehicles financed Conversion rate
Slide 7: Financial highlights
Eleving Group Financial highlights Solid profitability driven by robust loan issuances and consistent financial performance EBITDA and adjusted EBITDA, mln EUR Capitalization and Equity/Total Assets ratio Equity development, mln EUR 81.8 5.5 0.0 (0.6) 86.9 77.51 27.2% 26.9% 82.0 26.6% 26.1% 68.1 65.
Slide 8: Financial highlights
Eleving Group Financial highlights Financial results manifest the improving performance Revenue, mln EUR EBITDA, mln EUR1 Net Profit before FX effect, mln EUR2 189.3 77.5 29.5 175.7 65.6 22.8 51.8 22.0 7.8 43.1 17.8 6.8 2022 2023 3M 2023 3M 2024 2022 2023 3M 2023 3M 2024 2022 2023 3M 2023 3M 2024 In
Slide 9: Assets & Liabilities
Eleving Group Assets & Liabilities Sustained growth in assets Assets and Equity, mln EUR Liabilities, mln EUR 500 Most of the Group’s assets More than two thirds of the Group's 451.6 are comprised of net loan funding stems from bond & note 421.3 issuances: portfolio, used car rent 400 portfolio, and
Slide 10: Non-performing loans and provisioning
Eleving Group Non-performing loans and provisioning Maintaining excellent portfolio quality Net vehicle loan portfolio Net consumer loan Gross and net NPL portfolio quality analysis1 portfolio quality analysis1 Ukraine portfolio has 35.0% As of 31 March 2024 As of 31 March 2024 been excluded from Co
Slide 11: Business outlook (2024)
Eleving Group Business outlook (2024) Operational excellence and consistent growth Healthy organic growth Attract outside equity Streamlined governance Explore new growth opportunities Diversified funding structure Climate impact mitigation New-generation digital solutions FX risk management Product
Slide 12: Appendix
Eleving Group Appendix Table of Eleving Group’s product universe contents Focus on sustainability & ESG strategy for 2025 Organizational structure Income statement Balance sheet Statement of Cash Flow Glossary 12
Slide 13: Eleving Group's product universe
Eleving Group Eleving Group’s product universe Easily accessible Flexible premium car and affordable leasing for those mobility product for interested in the customers in highest quality Product Highlights of Q1 2024 underserved market vehicles. segments. ▪ 188 electric motorcycle taxis financed in
Slide 14: Focus on sustainability
Eleving Group Focus on sustainability Eleving Group’s ESG strategy for 2025 with four key areas of action Responsible access Responsible business Employee growth and Climate impact to finance conduct well-being Responsible lending Governance Learning and development projects Reduction of portfolio e
Slide 15: Organizational structure
Eleving Group Organizational structure Luxembourg domiciled Mogo Mogo, Primero, OX Drive Mogo, Primero Sebo Mogo Mogo, Renti Mogo Tigo Mogo Mogo Mogo Kredo Mogo Express Credit Express Credit Express Credit Express Credit 15
Slide 16: Income statement
Eleving Group Income statement EUR mln 2020 2021 2022 2023 3M 2023 3M 2024 Interest revenue calculated using the effective interest method 73.7 139.9 162.5 176.3 40.3 48.4 Interest expense calculated using the effective interest method (24.9) (29.0) (31.1) (37.5) (8.6) (10.1) Net interest income 48.
Slide 17: Balance sheet
Eleving Group Balance sheet Assets, EUR mln 2020 2021 2022 2023 3M 2024 Equity & Liabilities, EUR mln 2020 2021 2022 2023 1Q 2023 ASSETS EQUITY Goodwill 6.6 4.2 4.7 6.8 6.8 Share capital 1.0 1.0 1.0 2.9 2.9 Internally generated intangible assets 5.9 7.5 8.6 10.3 10.6 Retained earnings 22.9 22.3 38.2
Slide 18: Statement of cash flow
Eleving Group Statement of cash flow EUR mln. 2020 2021 2022 2023 3M 2023 3M 2024 EUR mln 2020 2021 2022 2023 1Q 2023 1Q 2024 Cash flows from operating activities Cash flows from investing activities Profit before tax 0.9 13.2 25.4 31.0 6.7 8.7 Purchase of property, plant and equipment and (4.0) (6.
Slide 19: Glossary
Eleving Group Glossary Definitions and Alternative Performance Measures ▪ Average income yield on net loan and used car rent portfolio — the sum of annualized ▪ Flexible lease and subscription-based products — motorcycle-taxi financing in Kenya and interest revenue calculated using the effective int
Slide 20: Thank you!
20 Thank you! Eleving Group Eleving Group Māris Kreics Skanstes street 52 Edgars Rauza Skanstes street 52 Group Chief Financial Officer LV-1013 Riga, Latvia Investor Relations Manager LV-1013 Riga, Latvia E-mail: maris.kreics@eleving.com www.eleving.com E-mail: edgars.rauza@eleving.com www.eleving.c