Europlan · RUS:LEAS
Europlan — H1 2025 Earnings Presentation
23 slides from Europlan's earnings presentation, August 2025
Slide 1: Financial Results, IFRS, August 2025
FINANCIAL RESULTS, IFRS AUGUST 2025
Slide 2: Financial results based on IFRS for 6 months 2025
FINANCIAL RESULTS BASED ON IFRS FOR 6 MONTHS 2025 NIMTTM 10.2% CORTTM 7.8% CIRTTM 25.1% (9.9% for 2024)3 (3.4% for 2024)5 (26.4% for 2024)6 New business ₽ 43.4 bn (-65% ) Portfolio quality indicators remain at a high Operating expenses ₽ 5.1 bn (-4%) Net interest income ₽ 11.9 bn (- 0,4% ) level: NP
Slide 3: Key financial results
KEY FINANCIAL RESULTS ₽ in millions Income statement 6M 2025 6M 2024 Change Interest income 30’170 25’028 21% Net interest income 11’926 11’972 0% Net non-interest income 8‘389 7’005 20% Changes in allowance for ECL and other losses (12’703) (2’690) 372% Staff, general and administrative expenses (5
Slide 4: Europlan's history: over 26 years of profitable growth
EUROPLAN'S HISTORY: OVER 26 YEARS OF PROFITABLE GROWTH 1999 Opening the company. 2002 → 2004 → 2010 → 2015 → 2017 → 2024 → 6М2025 Profitable from the Attracting private Service High credit Impressive IPO Europlan first years investment development rating results today The company takes a Baring Vost
Slide 5: Unique credit history for Russian leasing
UNIQUE CREDIT HISTORY FOR RUSSIAN LEASING Credits 1999 – 2009 2010 – 2014 2015 – 6М 2025 $ 478.1 m — EBRD, IFC, OPIC, BSTDB, FMO, $ 20 m — BSTDB ₽ 519.8 bn — VTB, Bank of Moscow, Sberbank, Alfa- Commerzbank, ICICI, BNP PARIBAS +13 banks Bank, Sovcombank, MKB, Bank of Russia, Bank Zenit, € 30 m — KFW
Slide 6: Europlan business model: financial lease with safe LTV and fast return
EUROPLAN BUSINESS MODEL: FINANCIAL LEASE WITH SAFE LTV1 AND FAST RETURN ON INVESTMENT IN LEASING o Net investment decreases as lease payments are received from the customer. In this example, after 30 months 2 it is about 2% of the market value of the car. o The graph presented illustrates the preser
Slide 7: Proven history of profitable growth
PROVEN HISTORY OF PROFITABLE GROWTH Moody`s on Europlan 255.9 Press release, December 2021: 250 .0 229.7 ” …Europlan Leasing demonstrated track record of strong (through the cycle) profitability with an average net income % average managed assets of around 7% in 2018-H2021...” 201.9 200 .0 164.2 150
Slide 8: Automobile leasing market in Russia: significant potential
AUTOMOBILE LEASING MARKET IN RUSSIA: SIGNIFICANT POTENTIAL Automobile leasing market in Russia (new business), o Automobile leasing has relatively low and increasing penetration in total sales of new vehicles. RUB bn1 o Ageing car fleet in Russia creates postponed demand. o Growing prices of new veh
Slide 9: Europlan — No. 1 among independent players
EUROPLAN — № 1 AMONG INDEPENDENT PLAYERS1 Top-5 Russian independent automobile leasing companies for 2024 Market share by automobile leasing portfolio Leasing Leasing Leasing Leasing for 2024 (rating agency Expert RA)2 company №2 company №3 company №4 company №5 №1 Share of automobile leasing in tot
Slide 10: Diversified product mix with new customer propositions under development
DIVERSIFIED PRODUCT MIX WITH NEW CUSTOMER PROPOSITIONS UNDER DEVELOPMENT CURRENT PRODUCTS STRATEGIC PRODUCTS B2B automobile leasing Leasing for individuals o Automobile leasing — market leader in finance leasing (core o High growth potential. product). o Lower cost of risk than in car loans. o Opera
Slide 11: Multi-channel sales
MULTI-CHANNEL SALES Distribution network, covering 90% of population of the Russian Federation o 93 offices throughout Russia; physical presence is an important success factor. o Appreciated by SME clients. o Puts Europlan closer to local dealers and agents and allows delivery of automobile full-se
Slide 12: High quality and diversified customer base
HIGH QUALITY AND DIVERSIFIED CUSTOMER BASE Portfolio1 by lessee profile (their annual revenues) o Client base includes approx 165’000 companies and over 2.6 m potential customers (2025.06.30) (legal entities registered in Russia). Other o More than 117’000 current leasing agreements. > ₽ 2 bn — larg
Slide 13: Best in class risk management
BEST IN CLASS RISK MANAGEMENT Low concentration of lessees in portfolio Diversification of leasing portfolio o All types of private businesses and economic sectors are present in 12% the portfolio. 11% 10% 8% 9% Effective approach to risk minimization 8% 8% 8% o Going through 2008-2009 and 2014-2015
Slide 14: Diversified income stream, efficiency and profitability
DIVERSIFIED INCOME STREAM, EFFICIENCY AND PROFITABILITY Operating Income (RUB bn) Net interest margin (%) 15.0% 12.8% 11.3% 10.6% 11.7% 12.0% 12.1% 11.3% 10.6% 8.9% 8.4% 8.5% 9.9% 9.1% 10.2% Other income margin (%) 2.8% 2.7% 3.2% 3.6% 5.4% 5.3% 5.1% 5.5% 5.0% 5.5% 6.1% 6.1% 6.1% 5.8% 6.9% 80. 0% 50.
Slide 15: Diversified income stream, high efficiency and profitability
DIVERSIFIED INCOME STREAM, HIGH EFFICIENCY AND PROFITABILITY Cost-to-income ratio (%) 59.4% 65. 0% 60. 0% 54.8% 55.8% 52.9% 51.6% 55. 0% 50.5% 50.7% 50.1% 50. 0% 43.7% 42.8% 39.2% 45. 0% 40. 0% 36.9% 33.3% 30.6% 29.2% 35. 0% 30. 0% 26.4% 25.1% 25. 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 16: Transparent assets' structure and best in class capital management
TRANSPARENT ASSETS` STRUCTURE AND BEST IN CLASS CAPITAL MANAGEMENT Assets` structure as at 2025.06.30 High transparency o 87% of assets represented by high quality and high yield net investments in lease Cash and deposits in banks (NIL — 78.8%) and liquid assets (cash and cash equivalents and bank d
Slide 17: Prudent liquidity management supported by track record of self-funding
PRUDENT LIQUIDITY MANAGEMENT SUPPORTED BY A STRONG TRACK RECORD OF SELF-FUNDING Positive liquidity Strong track record of self-funding in public and IFRS Liquidity as of 30 June 2025 (RUB bn) private markets 226.7 Funding Structure, RUB bn 202.3 200 48.3 182.6 47.1 141.7 39.1 60 133.3 180 47.4 54.8
Slide 18: Strategy — focus on key elements of successful and stable growth
STRATEGY — FOCUS ON KEY ELEMENTS OF SUCCESSFUL AND STABLE GROWTH Product and services Risk management Financial excellence o Focus on B2B financial leasing as a strong ground o Development of integrated corporate risk o Sustainable and profitable organic growth. for the product range diversification
Slide 19: Strategy 2024-2028
STRATEGY 2024 - 2028 Growth in portfolio volume while maintaining 2 times in 5 years (about +15% annually) net interest margin Growth in non-interest income from the car 3 times in 5 years (about +25% annually) services Europlan — is a company for the involved Staff turnover no more than 20% per yea
Slide 20: Social responsibility
SOCIAL RESPONSIBILITY Best employer Charity Europlan annually takes leading positions in the rating of Europlan has been actively supporting children's the best employers in Russia: charity organisations since 2011. o 3rd place in the rating «Best Employers in Russia The company has provided assista
Slide 21: Ecological responsibility
ECOLOGICAL RESPONSIBILITY Development of eco-friendly Recycling activities fleets o 47,5 tons environmentally friendly recycled paper; Europlan constantly contributes to development of green fleets: 10 times growth of electric cars in leasing o 293,3 kg recycled batteries; portfolio since 2020. o 20
Slide 22: Europlan at a glance
EUROPLAN AT A GLANCE The leader in automobile leasing Russia High growth and increased profitability potential o The largest automobile leasing company in Russia with unrivalled business o Potential client base of over 2.6 m operating legal entities. parameters (portfolio and client base growth and
Slide 23: Key investor's calendar events
KEY INVESTOR'S CALENDAR EVENTS January February March April There are no events scheduled Operating results, Consolidated financial this month 10 Operating results, 2024 4 statements (IFRS), 2024 21 3M 2025, сompany's birthday Financial statements (RAS), Financial statements (RAS), 18 2024 30 3M 202