Multitude Ag · XETR:MULT

Multitude — Q1 2022 Earnings Presentation

21 slides from Multitude's earnings presentation, May 12, 2022

  1. Slide 1: Q1 2022 Results Earnings Call

    Q1 2022 Results Earnings Call 12.05.2022 2021 © MULTITUTE. ALL RIGHTS RESERVED. 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 presently These statements relate to future events or future financial performance of Multitude. available to Multitude and, a

  3. Slide 3: Multitude Tribes

    MULTITUDE TRIBES Multitude is a fully regulated growth platform for financial Currently, it has three independent business units on this technology. Its ambition is to become the most valued growth platform: Ferratum as consumer lender, CapitalBox financial ecosystem. This vision is backed by 17 yea

  4. Slide 4: Highlights - Group

    HIGHLIGHTS • Revenue growth of 2.9% compared to Q1 2021 − SweepBank as main driver • Stable EBIT of EUR 5.6 million − Net profit of EUR 2 million • Successful placement of EUR 40 million in subsequent bonds • First ESG report published in March 2022 including the Group's strategy and ESG goals for 2

  5. Slide 5: Highlights - SweepBank

    HIGHLIGHTS • Doubling of revenue compared to Q1 2021 • Loan portfolio growth (Net AR) +11.7% Q1 2022 vs Q4 2021 (YoY 110.7%), driven by last year's successful initiatives − Customer acquisition GOING FORWARD − Customer retention • Launch of first risk-free revenue stream: Sweep Deals • SweepBank App

  6. Slide 6: Launch of first risk-free revenue stream: Sweep Deals in Finland

    Launch of first risk-free revenue stream: Sweep Deals in Finland Commercial Launch of SweepBank App in FI CAGR of Net AR is 77.4% for Q1 2020-Q1 2022 Conversion rate app passes market average and SweepBank App the top app in Google Play and App Store FI Latvia App soft Merge of New brand name App la

  7. Slide 7: Highlights - Ferratum

    HIGHLIGHTS • Stable revenue and EBIT at tribe level compared to Q1 2021 − Revenue growth in focus markets • Launch of progressive mobile web application (improved usability of account) pilot in Denmark to increase customer loyalty, customer lifetime value and GOING FORWARD decrease costs • Proceed w

  8. Slide 8: CAGR of Net AR is 24.7% for 2012-Q1 2022

    CAGR of Net AR is 24.7% for 2012-Q1 2022 Launch of progressive Launch and scaling Launch of Credit Limit and rollout CLP rollout mobile web Installment Loans to 8 countries continues application FE-Classification: General\Anyone

  9. Slide 9: Highlights - CapitalBox

    HIGHLIGHTS • Stable revenue, reduced EBIT due to elevated credit loss impairment • Stable Net AR growth Q1 2022 vs Q4 2021 by 9.2% (YoY +16.7%) • Credit Line launch in Finland which accelerates our strategy to improve customer retention with a higher GOING FORWARD customer lifetime value, longer ter

  10. Slide 10: CAGR of Net AR is 67.6% for 2016-Q1 2022

    CAGR of Net AR is 67.6% for 2016-Q1 2022 New products Credit Line and Purchase Finance launched Credit Line Intensive focus on Increased max loan launch in increasing amount to 350k and Finland automation across terms to 36 months the business Acquired Increased max Spotcap loan amount Netherlands t

  11. Slide 11: 3M Results

    3M RESULTS 2021 © MULTITUTE. ALL RIGHTS RESERVED. IFRS preliminary unaudited financial results for the period 3M 2022 11 FE-Classification: General\Anyone

  12. Slide 12: Financial Overview: Profitable Q1'22

    FINANCIAL OVERVIEW: PROFITABLE Q1’22 GROWTH IN PORTFOLIO & REVENUE; STABLE ASSET QUALITY in EUR m‘ Q1 2022 Q1 2021 %/pp change Revenue 53.5 52.0 +2.9% − Revenue from continuing operations increased by EUR 1.5m compared to Impairment on loans to customers (18.6) (16.2) +14.2% Q1 2021 % of revenue -34

  13. Slide 13: Balance Sheet Structure Supports Continued Portfolio Growth

    BALANCE SHEET STRUCTURE SUPPORTS CONTINUED PORTFOLIO GROWTH in EUR m 31 Mar 2022 31 Dec 2021 % Change in EUR m 31 Mar 2022 31 Dec 2021 % Change Non-current assets 55.3 54.1 +2.3% Current to total assets 92.7% 93.4% -0.7pp Loans to customers (net) 465.4 443.9 +4.9% Current to total liabilities 74.1%

  14. Slide 14: Increased Revenue and Net AR in SweepBank

    INCREASED REVENUE AND NET AR IN SWEEPBANK Q1 2022 REVENUE AND NET AR Q1 2021 REVENUE AND NET AR 5,4 5,5 1,5 3,1 82,3 70,1 Ferratum SweepBank 45 287,2 45,5 45 CapitalBox 95,8 271,8 *Restated to reflect carve-out of discontinued operations Net AR Net AR 2021 © MULTITUTE. ALL RIGHTS RESERVED. Revenue R

  15. Slide 15: Segment View - Tribe Performance

    SEGMENT VIEW – TRIBE PERFORMANCE in EUR m Ferratum SweepBank CapitalBox Group Continuing operations Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Revenue 45.0 45.0 3.1 1.5 5.4 5.5 53.5 52.0 Share in revenue, in % 84.1% 86.5% 5.8% 2.9% 10.1% 10.6% 100% 100% Impairment on loans to cu

  16. Slide 16: Enhanced Underwriting Resulting in Strong Asset Quality

    ENHANCED UNDERWRITING RESULTING IN STRONG ASSET QUALITY IMPAIRMENT LOSSES (TOTAL) / NAR BALANCED GROWTH STRATEGY DRIVES ASSET 12,0% 2018 2019 2020 2021 2022 QUALITY IMPROVEMENTS 10,0% 9,7% − Long-term trend: Continuous improvement in 8,6% 8,2% 7,9% impairment losses over net accounts receivable 8,0%

  17. Slide 17: Solid Cash Base and Group Funding

    SOLID CASH BASE AND GROUP FUNDING Cash in mEUR Cash to Deposits in % 500 100,00% 90,60% 450 90,00% 86,20% 82,90% 400 382 80,00% 75,60% 73,50% 70,10% 70,10% 350 69,90% 66,80% 70,00% 65,10% 66,90% 63,50% 312 63,00% 64,20% 299 302 300 63,10% 60,00% 62,30% 267 265 50,71% 53,00% 250 238 50,00% 213 213 20

  18. Slide 18: Funding Structure and Cost of Debt Capital

    FUNDING STRUCTURE AND COST OF DEBT CAPITAL FINANCING MIX AT 31 MAR 2022 FINANCING MIX AT 31 DEC 2021 Ferratum Capital Germany 5.5% + 3-month Euribor 2022 EUR 84m EUR 84m Ferratum Capital Germany EUR 59m EUR 59m 5.5% + 3-month Euribor 2023 EUR 418m EUR 485m Deposits EUR 50m EUR 50m Multitude SE 8.90%

  19. Slide 19: Key Takeaways

    KEY TAKEAWAYS • Keep on building the structures for the fintech growth platform while delivering profitable growth: − SweepBank: Continued growth and doubling of revenue − Ferratum: Growth of revenue and profit in focus markets − CapitalBox: Pursuing profitable growth by improving client base and cr

  20. Slide 20: Q&A

    Q&A 2021 © MULTITUTE. ALL RIGHTS RESERVED. 20 FE-Classification: General\Anyone

  21. Slide 21: Thank You

    THANK YOU ir@multitude.com MULTITUDE SE RATAMESTARINKATU 11 A 00520 HELSINKI FINLAND 2021 © MULTITUTE. ALL RIGHTS RESERVED. 21 FE-Classification: General\Anyone

Multitude — Q1 2022 Earnings Presentation on 6ix