Multitude Ag · XETR:MULT

Multitude — H1 2023 Earnings Presentation

24 slides from Multitude's earnings presentation, Aug 24, 2023

  1. Slide 1: H1 2023 Results

    Creating Success Stories in FinTech H1 2023 Results Earnings Call 24.8.2023 1 FE-Classification: General\Anyone

  2. Slide 2: Important notice

    Important notice This presentation contains, or may be deemed to contain, forward-looking statements. All forward-looking statements included herein are based on information These statements relate to future events or future financial performance of Multitude. presently available to Multitude and, a

  3. Slide 3: Key Takeaways

    KEY TAKEAWAYS • WE ARE ON TRACK WITH EUR 45M EBIT GUIDANCE FOR 2023 • STRONG PERFORMANCE: EBIT 66% UP TO EUR 20.9M AND PROFITS 251% UP TO EUR 7.5M • STRONG CASH POSITION CONTINUES • ROBUST PAYMENT BEHAVIOUR 3 FE-Classification: General\Anyone

  4. Slide 4: We have been creating success stories in FinTech for the last two decades

    WE HAVE BEEN CREATING SUCCESS STORIES IN FINTECH FOR THE LAST TWO DECADES Our Current Business Units Founded in Finland in 2005, HQ in Helsinki EU wide banking Group Revenues license 2022* Employees Countries Customers Listed on the €212m ~700 18 ~400,000 Frankfurt Stock Exchange * Net revenue is ne

  5. Slide 5: We have a clear vision of building the most valued financial ecosystem

    WE HAVE A CLEAR VISION OF BUILDING THE MOST VALUED FINANCIAL ECOSYSTEM VISION Create the most valued financial ecosystem MISSION Democratise financial services through digitalisation, making them fast, easy & green OUR VALUES - Customer centricity – Entrepreneurial spirit – Candour – Respect – Winni

  6. Slide 6: Capable of delivering profitable growth with 18 years of experience

    WE ARE CAPABLE OF DELIVERING PROFITABLE GROWTH WITH 18 YEARS OF EXPERIENCE 300 293 20% 262 19% 250 Revenue* 230 18% 222 222 214 EBIT% 17% 200 16% 154 16% 150 15% 15% 15% 14% 14% 14% 14% 111 14% 14% 100 13% 71 13% 13% 12% 58 49 12% 50 34 11% 10% 0 10% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

  7. Slide 7: Ecosystem includes three independent business units and our growth platform

    CURRENTLY OUR ECOSYSTEM INCLUDES THREE INDEPENDENT BUSINESS UNITS AND OUR GROWTH PLATFORM Shopping and financing app Consumer lending SME lending 6% of sales 84% of sales 10% of sales 5 countries 14 countries 5 countries Focus: Focus: Focus: To achieve Continue on profitable Scale up profitable grow

  8. Slide 8: Multitude Group Highlights H1 2023

    MULTITUDE GROUP HIGHLIGHTS H1 2023 – ON TRACK WITH EUR 45 MILLION EBIT GUIDANCE HIGHLIGHTS H1 2023 LOOKING AHEAD EBIT in EURm • Consistent growth in both revenues and EBIT for • In 2021, we published a four-year EBIT 12 11.3 multiple consequent quarters guidance, starting at EUR 20m for 2021 and 10

  9. Slide 9: SweepBank Highlights H1 2023

    SWEEPBANK HIGHLIGHTS H1 2023 – GROWTH CONTINUES WITH FOCUS TOWARDS PROFITABILITY HIGHLIGHTS H1 2023 TARGETS 2023-2024 EBIT in EURm • Strong net revenue growth (+52.8% y-o-y) • Lending portfolio grew by 10.3% y-o-y Our target for 2023 is to reduce negative EBIT • During H1, the focus was to grow the

  10. Slide 10: Ferratum Highlights H1 2023

    FERRATUM HIGHLIGHTS H1 2023 – STRONG PERFORMANCE CONTINUES HIGHLIGHTS H1 2023 TARGETS 2023-2024 EBIT in EURm • Net revenue EUR 89.2m (+2.5% y-o-y) Our target for 2023 and 2024 is to achieve 5% higher • EBIT EUR 27.9m (+14.9% y-o-y) EBIT than the previous year • Focus on European markets - stepped ou

  11. Slide 11: CapitalBox Highlights H1 2023

    CAPITALBOX HIGHLIGHTS H1 2023 – TURNAROUND BACK TO GROWTH AND PROFIT IN PROGRESS HIGHLIGHTS H1 2023 TARGETS 2023-2024 EBIT in EURm • Net revenues reached EUR 5.5m (+5.6% y-o-y) Our target for 2023 is to achieve EUR 5m EBIT • EBIT reached EUR 1.9m, an increase of EUR 3.0m and in 2024 to achieve EUR 1

  12. Slide 12: Building a sustainable growth platform

    BUILDING A SUSTAINABLE GROWTH PLATFORM – ESG DASHBOARD AND H1 UPDATE 12 FE-Classification: General\Anyone

  13. Slide 13: First Half Year Result 2023

    FIRST HALF YEAR RESULT 2023 IFRS preliminary unaudited financial results for the 1st half year ended 30 June 2023 13 FE-Classification: General\Anyone

  14. Slide 14: Financial overview: revenue growth with 66.0% EBIT increase and 251.0% profit increase

    FINANCIAL OVERVIEW: REVENUE GROWTH WITH 66.0% EBIT INCREASE AND 251.0% PROFIT INCREASE in EURm H1 2023* H1 2022** %/pp change IMPROVING BUSINESS; OPERATIONAL, AND FINANCIAL Revenue 109.5 103.6 5.8% PERFORMANCE: Impairment on loans to customers (40.2) (37.8) 6.5% • Net Revenues grew by 5.8% from EUR

  15. Slide 15: Balance sheet: assets reflecting business growth and strong cash balance

    BALANCE SHEET: ASSETS REFLECTING BUSINESS GROWTH AND STRONG CASH BALANCE in EURm June 2023 Dec 2022 % change Non-current assets Property, plant and equipment 2.7 3.1 -12.6% BUSINESS PORTFOLIOS INCREASED: Right-of-use assets 5.5 4.6 18.5% Intangible assets 30.1 31.4 -4.2% • Lending portfolios EUR 520

  16. Slide 16: Balance sheet: liabilities and shareholders' equity

    BALANCE SHEET : LIABILITIES AND SHAREHOLDERS’ EQUITY in EURm June 2023 Dec 2022 % change Equity Share capital 40.1 40.1 0.0% SOLID EQUITY POSITION: Treasury shares (0.1) (0.1) -32.1% Retained earnings and other reserves 93.5 91.9 1.6% • Equity stable at EUR 181.5m after perpetual interest payments R

  17. Slide 17: Growing loan portfolios in all tribes

    GROWING LOAN PORTFOLIOS IN ALL TRIBES H1 2023 NET REVENUE AND H1 2022 NET REVENUE AND NET AR in EURm NET AR in EURm 11.0 10.4 6.1 9.4 91.4 82.1 Ferratum 306.8 89.2 SweepBank 291.3 87.0 CapitalBox 164.4* 111.2 Net AR Net AR Revenue Revenue * Including Warehouse lending 17 FE-Classification: General\A

  18. Slide 18: Segment view – tribe performance

    SEGMENT VIEW – TRIBE PERFORMANCE in EURm Ferratum SweepBank CapitalBox Group Continuing operations H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 Revenue * 89.2 87.0 9.4 6.1 11.0 10.4 109.5 103.6 • Revenue slightly up Share in revenue, in % 81.4% 84.0% 8.6% 5.9% 10.0% 10.1% 100.0% 1

  19. Slide 19: Impairment losses remain under 4% - constantly strong asset quality

    IMPAIRMENT LOSSES REMAIN UNDER 4% - CONSTANTLY STRONG ASSET QUALITY IMPAIRMENT LOSSES (TOTAL) / NAR BALANCED GROWTH STRATEGY 12.0% 2019 2020 2021 2022 2023 DRIVES ASSET QUALITY 9.7% 10.0% IMPROVEMENTS 2.2 − Long-term trend: Continuous 8.0% 7.2% 6.9% 6.7% improvement in impairment losses over 6.0% 5.

  20. Slide 20: Solid cash base

    SOLID CASH BASE Cash to Deposits in % Cash in EURm 500 100% 90.6% 450 90% 86.2% 82.9% 400 382 80% 75.6% 73.5% 70.1% 70.1% 66.8% 350 69.9% 65.1% 312 63.5% 70% 66.9% 63.0% 64.2% 299 302 300 62.3% 63.1% 60% 267 265 50.7% 53.0% 238 250 227 50% 213 213 35.1% 33.6% 197 200 171 30.6% 38.8% 40% 159 156 152

  21. Slide 21: Funding structure and cost of debt capital

    FUNDING STRUCTURE AND COST OF DEBT CAPITAL FINANCING MIX AT 30 JUNE 2023 FINANCING MIX AT 30 JUNE 2022 Ferratum Capital Germany 5.5% + 3-month Euribor 2023 Deposits EUR 3m EUR 3m Multitude SE EUR 46m EUR 99m 8.90% + 3-month Euribor perpetual (IFRS Equity) EUR 567m EUR 426m Multitude Bank p.l.c. EUR

  22. Slide 22: Key Takeaways

    KEY TAKEAWAYS • WE ARE ON TRACK WITH EUR 45M EBIT GUIDANCE FOR 2023 • STRONG PERFORMANCE: EBIT 66% UP TO EUR 20.9M AND PROFITS 251% UP TO EUR 7.5M • STRONG CASH POSITION CONTINUES • ROBUST PAYMENT BEHAVIOUR 22 FE-Classification: General\Anyone

  23. Slide 23: Q&A

    Q&A 2021 © MULTITUTE. ALL RIGHTS RESERVED. 23 FE-Classification: General\Anyone

  24. Slide 24: Thank you

    THANK YOU ir@multitude.com MULTITUDE SE RATAMESTARINKATU 11 A 00520 HELSINKI FINLAND 2021 © MULTITUTE. ALL RIGHTS RESERVED. 24 FE-Classification: General\Anyone

Multitude — H1 2023 Earnings Presentation on 6ix