Qliro Ab · OMXSTO:QLIRO
Qliro Ab — Q1 2022 Earnings Presentation
15 slides from Qliro Ab's earnings presentation, May 3, 2022
Slide 1: QLIRO Q1 22 Presentation
QLIRO Q1 22 PRESENTATION CEO Jonas Arlebäck and CFO Robert Stambro 3 May 2022 QLIRO SAFE AND SIMPLE
Slide 2: Summary Q1 2022
12% Summary Q1 2022 • Strong revenue increase in the quarter despite weaker performance for e-commerce • Continued growth trajectory for Payment solutions with notably higher interest for our various payment products within the business segment Q1 • Paused marketing of loans within Digital Banking r
Slide 3: Q1 Summary
Q1 SUMMARY +10%INCOME GROWTH -1% GROWTH PAD VOLUME 1) 12% 2,5 M ACTIVE CUSTOMERS 2) +7% LENDING GROWTH 1) 1) Q1 2022 compared to Q1 2021 2) Unique customers that have used Qliro’s services during the last 12 months 2 2
Slide 4: Total income growth in a declining market
TOTAL INCOME GROWTH IN A DECLINING MARKET Comments Qliro Income statement MSEK Q1 2022 Q1 2021 Change Q/Q • Increase in net interest income due to higher lending in both Payment Net interest income 58.3 53.9 8% solutions and Digital banking Net commission income 48.2 42.2 14% services Other income 0
Slide 5: Payment solutions – strongest income growth since Q2 2019
PAYMENT SOLUTIONS – STRONGEST INCOME GROWTH SINCE Q2 2019 Comments Key figures, MSEK 2022 2021 2021 MSEK, unless otherwise stated 1) %∆ • Continued expansion towards medium Jan-Mar Jan-Mar Jan-Dec sized merchants in the quarter Total income 86.7 79.2 9% 326.0 Credit losses 21.8 20.7 5% -76.6 • Svens
Slide 6: Digital banking services – increased total income
DIGITAL BANKING SERVICES – INCREASED TOTAL INCOME Comments Key figures, MSEK 1) 2022 2021 2021 MSEK, unless otherwise stated %∆ • The majority of borrowers are existing Jan-Mar Jan-Mar Jan-Dec Qliro customers Total income 19.3 17.1 13% 72.9 Credit losses 6.2 –4.0 –257% 5.3 • Total income grew by 13
Slide 7: Stable cost level
STABLE COST LEVEL Comments Cost development MSEK • Administrative expenses, consisting of 2% Y-o-Y growth incl. items that affect comparability consulting and IT expenses, increased 8% % Y-o-Y growth excl. items that affect comparability due to increased expenses for cyber 93 security systems as wel
Slide 8: Safe and Simple Payments: New strategy launch
SAFE AND SIMPLE PAYMENTS NEW STRATEGY LAUNCH • New strategy, Safe and Simple Payments, decided in Decemeber 2021 and launched in April 2022 • Qliro fills the gap in the market for a player with digital payments at its core – focused on merchants but not being a bank • Leverages that Qliro was born o
Slide 9: Safe and Simple Payments: Product and business development
SAFE AND SIMPLE PAYMENTS PRODUCT AND BUSINESS DEVELOPMENT FOCUSED ON WIDENING THE FUNNEL • Products and services gradually migrated to micro services based technical platform • Flexible at its core, without having to create individual solutions for individual deals and thus limit our scalability • C
Slide 10: Safe and Simple Payments: What do we think this will give Qliro?
SAFE AND SIMPLE PAYMENTS WHAT DO WE THINK THIS WILL GIVE QLIRO? • A strong position as the only pure payments player • Increase our brand knowledge within the market, winning more merchant deals • More consumers will feel safe shopping with us, both in using our own and our partners payment methods
Slide 11: Looking ahead
12% • Sign and onboard new merchants including new verticals • Continue to develop SME-offering and partnerships within the area • When the new Board of Directors will take board along with the new CEO the company will present LOOKING new financial goals • Q2 report 19th of July AHEAD 10
Slide 12: Q&A
Q&A 11
Slide 13: Appendix
APPENDIX 12
Slide 14: Well capitalised for continued growth
WELL CAPITALISED FOR CONTINUED GROWTH Comments Capitalisation % Funding split • Solid capital ratios and capital base ~ 100 MSEK 247 larger than total regulatory requirement 23.1% 190 4.2% 541 • Lending to the public was funded by MSEK 2 218 million in deposits from the public in Sweden and Germany
Slide 15: 14
14