Slide 1: Capital Market Presentation Q2 2025 - Business Summary and Revenues
Capital Market Presentation Q2 2025 - Business Summary and Revenues
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation constitutes the principle and marketing presentation of Blender Financial Technologies Ltd. and its subsidiaries (henceforth referred to, together, as "the Company" and/or "Blender" and/or "the Group") and is meant for marketing purposes. It does not constitute a p
Slide 3: Key Events Q2 2025
Key Events Q2 2025 Turn around year ➢ Transition to positive Adjusted EBITDA ➢ Revenue increase and 70% reduction in operating loss ➢ Doubling of bank credit facilities to expand BNPL activity ➢ European operations discontinued following sale of main assets and workforce reduction before closure 4
Slide 4: Blender in Numbers
Blender in Numbers 2.1B 547M 80M 100K Total loans Managed loan Revenue over Paying financed portfolio last 12 months customers NON-GAAP financial data including loans in the credit intermediation system as of June 30, 2025, unaudited data Total loans and paying customers cumulatively from the start
Slide 5: First Half 2025 Financial Data
First Half 2025 Financial Data Upward trend - transition to positive Adjusted EBITDA and consistent improvement in operating results 18.3 0.4 1.4 140 Millions of NIS Millions of NIS Millions of NIS Millions of NIS accounting revenues Adjusted EBITDA loss for the period credit provision __ __ __ __ G
Slide 6: Credit portfolio development
Credit portfolio development (In Millions of NIS) Credit Provision in Israel - Approximately 44% growth in the credit provision sector in Israel compared to the corresponding quarter last year Credit Provision in Europe - Sale of remaining loan portfolio in Europe and focus on operations in Israel 6
Slide 7: Quarterly revenue development
Quarterly revenue development (In Millions of NIS) Continued growth in interest income from credit provision activities in Israel 23.7 24.5 22.7 21.3 21.2 21.6 20.9 21.4 21.6 18.9 19.9 18.9 19.1 19.3 19.5 19.5… 18.2 18.3 18.4 2.4 2.5 2.9 2.8 3.2 2.5 2.0 1.0 1.1 0.4 Q1.23 Q2.23 Q3.23 Q4.23 Q1.24 Q2.2
Slide 8: Credit provision BNPL in Israel
Credit provision BNPL in Israel • Continued growth with increased credit lines 2024 1-6.2025 • Profitability improvement • Focused business expansion Gross income Gross income in 2025 17.7% 17.8% Interest expense Interest expense ratio 6.8% ratio 6.8% Actual credit Actual credit loss 2.3% loss 1.5%
Slide 9: Credit intermediation in Israel - proven and meticulous credit risk management
Credit intermediation in P2P Israel - proven and meticulous credit risk management in the market 17.1% 11.1% 1-6.25 ▪ Proven underwriting and risk management 3.5% model ▪ Diversification in loan types with emphasis 16.9% on growth in secured loans 11.0% 2024 ▪ Ongoing monitoring and auditing 3.5% ▪
Slide 10: Blender's Credit Platform
Blender’s Credit Platform Maintaining flexibility and risk diversification in a changing market blender Car blender P2P investors Pay Verity Credit Credit Platform Funding Bank credit lines blender Solutions Rating2.0 Sources Loan Institutional investors blender Mortgage Solutions 11
Slide 11: Technological Leadership in Fast and Accurate Credit Underwriting
Technological Leadership in Fast and Accurate Credit Underwriting Secured Integral Architecture A robust Salesforce based system, significant process efficiency, driven by data-based decisions and APIs Fraud Prevention Rating2.0 A multi-dimensional model for credit risk assessment and fraud preventi
Slide 12: blenderPay in collaboration with Bank Hapoalim
blenderPay in collaboration with Israel's leading BNPL (buy now, pay later) solution for large purchases Wide distribution in Israel across more As of March 2023, JV- 80% owned Technology TAM of NIS 30 blenderPay by Blender, 20% enabling large ticket billion annually than 2,000 points of activities
Slide 13: Distributing technological innovations
Distributing technological innovations A holistic cloud-based technology platform that integrates various functionalities seamlessly Custom implementation capabilities for fast digital credit and smart deposits Distribution agreement with the banking division of Amdocs and Sapiens Providing innovati
Slide 14: Business Segment Development Revenue
Business Segment Development Revenue Increase and significant reduction in consolidated operating loss Financial Data (In thousands of NIS) Credit Provision in Credit Intermediation Other Total Consolidated Israel H1.2025 H1.2024 H1.2025 H1.2024 H1.2025 H1.2024 H1.2025 H1.2024 Gross revenues from cr
Slide 15: Thank You
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