Slide 1: Results presentation Second quarter 2026
Results presentation Second quarter 2026
Slide 2: Second quarter 2026 highlights
Second quarter 2026 highlights Servicing leverage ratio 2 6.2x 4.3x 3.0x A SEK 7.5bn fully guaranteed capital raise and a SEK 2.4bn Current 2Q proforma 3 Target portfolio sale contributed to rating upgrades by S&P and Moody’s RTM 1 2028 to B- and B3 Total costs (SEK bn) 2 Operational transformation
Slide 3: Servicing: Stable margins
Servicing: Stable margins External Servicing income (SEK m) & Organic growth (%) External Servicing income Organic growth 3,466 • Organic growth in Traditional 3,348 3,201 markets only partially offset 2,911 3,028 2,979 2,916 2,737 2,878 natural decline in Specialised markets +3% +1% • Maintained st
Slide 4: External Servicing income dynamics continue
External Servicing income dynamics continue External Servicing income evolution (%) & Organic growth (%), Q2 2026 vs Q2 2025 Specialised markets -3% • The natural decline in Greece, 2,979 Italy and Spain has continued -1% • UK performance impacted by slower and delayed new sales Traditional markets
Slide 5: Building a next-generation, lower-cost operations platform
OPERATIONAL EXCELLENCE PROGRAM Building a next -generation, lower -cost operations platform Program launched in Q1 2026. Group -led program executed locally to transform Intrum's operations from a traditional, expert -driven model into a next -generation platform State of art operational platform. A
Slide 6: Investing: Collections above expectations
Investing: Collections above expectations Gross collections (SEK bn) & collection index vs original and active forecast (RTM %) • Collections better than active forecast with a performance 14 index 102% for the quarter and Collection index RTM vs original forecast rolling 12-month basis vs active fo
Slide 7: Second quarter financials
Second quarter financials
Slide 8: Group key financials
Group key financials Second quarter 12 months SEK bn % % SEK m Q2 2026 Q2 2025 Change RTM FY 2025 Change Total income 4,053 4,206 -4 16,355 17,030 -4 17.9 Total income RTM Share of associates and JVs 111 175 -37 500 532 -6 Total costs -2,999 -3,058 -2 -16,688 -17,147 -3 -9% 16.4 Net credit gains/los
Slide 9: Servicing
Servicing Second quarter 12 months Servicing adjusted EBIT (RTM) SEK bn Servicing adjusted EBIT margin (RTM) % % SEK m Q2 2026 Q2 2025 Change RTM FY 2025 Change 25% External income 2,878 2,979 -3 11,878 12,270 -3 Internal income 371 422 -12 1,478 1,560 -5 3.4 3.5 3.4 3.3 3.3 Total income 3,249 3,400
Slide 10: Investing
Investing RTM avg. net unlevered underwriting IRR Cost of funds Second quarter 12 months % % 22% SEK m Q2 2026 Q2 2025 Change RTM FY 2025 Change 20% 19% Income 1,172 1,222 -4 4,438 4,717 -6 Share of associates and JVs 91 161 -43 441 463 -11 18% Unlevered net IRR Total costs -662 -608 9 -2,428 -2,515
Slide 11: Second quarter summary
Second quarter summary
Slide 12: Strengthened balance sheet enables acceleration of strategy execution
Strengthened balance sheet enables acceleration of strategy execution Successfully executed capital raise and SEK 2.4bn portfolio sale Continued headwinds from Specialised markets More challenging to achieve largely flat Servicing income in 2026 Accelerated operational transformation Investing Incom
Slide 13: Appendix
Appendix
Slide 14: Content
Content 1 Intrum’s markets structure 2 Outstanding debt 3 Net debt and maturity profile 4 Portfolio investments including associates and JVs 5 Current Money -on-Money multiple 6 Estimated Remaining Collections (ERC) 7 Associates and joint ventures 8 Unsecured portfolio vintages 9 Financial calendar
Slide 15: Intrum's markets structure
1. Intrum’s markets structure Traditional markets are debt servicing markets with similar business models. These include Austria, Belgium, Denmark, Finland, France, Germany, Ireland, the Netherlands, Norway, Poland, Portugal, Sweden, and Switzerland Specialised markets are characterised by bespoke s
Slide 16: Outstanding debt
2. Outstanding debt Nominal Currency amount ( m) Amount (SEK m) Coupon rate Coupon frequency Maturity date ISIN Exchange notes / 2 Lien EUR 332 3,686 7.75% Quarterly 11/09/2027 XS3099983598 SEK 418 418 7.75% Quarterly 11/09/2027 XS3099986427 EUR 614 6,809 7.75% Quarterly 11/09/2028 XS3099990296 SEK
Slide 17: Net debt and maturity profile
3. Net debt and maturity profile Net debt (SEK bn) 48.7 48.0 0.7 46.4 1.6 -3.0 45.7 External debt Notes payable Borrowings Other Gross Debt Cash and Cash Net debt obligations Equivalents Maturity profile (SEK bn) Term loan New Money Notes Exchange notes RCF 12.1 5.8 7.6 7.3 9.1 4.1 0.3 2027 2028 202
Slide 18: Portfolio investments incl. associates and joint ventures
4. Portfolio investments incl. associates and joint ventures 24% RTM avg. net unlevered underwriting IRR FY Q1 2026 Q2 2026 22% 20% 19% 20% 19% 18% 16% 16% 14% 13% 13% 14% 12% 12% 13% 12% 10% 11,854 8% 6% 4% 7,857 8,106 7,324 7,537 2% 0% 5,509 5,012 -2% -4% 1,739 197 -6% 1,151 345 -8% 2017 2018 2019
Slide 19: Current Money-on-Money multiple
5. Current Money -on-Money multiple SEK m Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Purchase price of portfolios acquired in 1,675 2,854 409 528 328 364 294 486 264 136 294 432 227 154 quarter Lifetime ERC of portfolios acquired i
Slide 20: Estimated Remaining Collections (ERC)
6. Estimated Remaining Collections (ERC) SEK bn 15-year ERC of SEK 48.5 bn 10 31% of ERC due next 24 months Traditional markets Specialised markets Investing-focused markets 8 6 4 2 0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13 Y14 Y15 ERC distribution (SEK bn) Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12
Slide 21: Estimated Remaining Collections (ERC)
6. Estimated Remaining Collections (ERC) ERC by asset class Real Estate ERC by geography Other 1% UK Secured 18% 17% 14% Denmark 4% Sweden Italy 4% 15% Greece 5% Germany 5% Unsecured Spain 85% Hungary 13% 8% Norway 11% ERC by investment type ERC by industry Real estate Other Forward 1% 7% flows Tele
Slide 22: Associates and joint ventures
7. Associates and joint ventures Portfolio Geography Senior ranking debt Intrum Investment Intrum Investment Cash received to date Current ERC to Intrum remaining share excl. senior (SEK m) by Intrum (SEK m) (SEK m) (SEK m) Orange EU 1,253 35% 1,534 306 3,303 Portland Italy 245 29% 234 71 149 Winter
Slide 23: Unsecured portfolio vintages
8. Unsecured portfolio vintages Unsecured Purchase Collections Remaining Total estimated Total money -on- Constant currency vintage evolution for unsecured books books, SEK m price to date ERC collections money multiple 4.20x A B C B + C B + C / A 3.50x <2010 5,556 15,116 949 16,064 2.89 2010 1,377
Slide 24: Financial calendar 2026
9. Financial calendar 2026 23 October 2026 Interim report third quarter 2026 © Intrum 24
Slide 25: Disclaimer
Disclaimer • The material in this presentation has been transactions. currency risk. This presentation • All securities and financial product or prepared by Intrum AB ( publ ) (“Intrum”). may contain forward looking statements instrument transactions involve risks. which • This information is given
Slide 26: © Intrum
© Intrum