Delfingroup As · OMXRSE:DGR1R
Delfingroup As — Q1 2018 Earnings Presentation
17 slides from Delfingroup As's earnings presentation, May 2018
Slide 1: Investor Presentation 2018Q1 Results
INVESTOR PRESENTATION 2018Q1 RESULTS May, 2018
Slide 2: Disclaimer
DISCLAIMER This presentation is of selective nature and is made to provide an overview of the Company’s (SIA “ExpressCredit” and its subsidaries) business, based on 2018Q1 results. Unless stated otherwise, this presentation shows information from consolidated perspective. Facts and information used
Slide 3: Business Profile, Brands, Values
BUSINESS PROFILE: BRANDS: VALUES: Simplicity 3rd largest non bank consumer Pawn loans Accessibility lender in Latvia* Consumer loans Respect Progress COMPANY: KEY FINANCIALS: 86 branches EUR 18.1m net loan portfolio (2018Q1) 250+ employees 2.500.000+ loan issue EUR 1.7m EBITDA 2009 2017 (2018Q1) est
Slide 4: Highlights
HIGHLIGHTS 1.7 18.1 1.6 9.2 16.6 Launch of online lending operations 15.8 15.2 1.4 has attracted new clients and 9.0 1.3 1.3 13.7 improved services for existing clients. 8.6 8.6 8.5 VIZIA - new brand name introduced, focusing on online segment with unique proposition and values. 2017Q1 2017Q2 2017Q3
Slide 5: Market Overview
Loan portfolio of Latvian non-bank MARKET OVERVIEW lenders, 2017H1 EUR 223m According to The Alternative Financial Consumer loans EUR 294m Services Association of Latvia prognosis the newly issued non-bank Leasing, car title loans in 2018 might reach 570-590 million euros. EUR 36m EUR 7m Mortgage Pa
Slide 6: Market Overview: Consumer Loans
MARKET OVERVIEW: CONSUMER LOANS 223 Fast growing segment. 12 Growth Growth ExpressCredit* grows even faster, it has 6%** market share. 10,9% 71,4% 7 201 2016H1, EURm 2017H1, EURm Industry ExpressCredit * Loan portfolio data based on SIA ExpressCredit standalone net consumer and pawn loan portfolio e
Slide 7: Market Overview: Pawn Loans
MARKET OVERVIEW: PAWN LOANS Stable segment. 7 7 ExpressCredit* is the leading player with 41%** market share. 3 3 2016H1, EURm 2017H1, EURm Industry ExpressCredit * Loan portfolio data based on SIA ExpressCredit standalone net consumer and pawn loan portfolio excl. accrued interest ** Based on loan
Slide 8: Consumer Loans
CONSUMER LOANS 54% of loans issued by value in 2018Q1 5.0 2017Q1 10.8 4.9 2017Q2 12.4 4.7 LOANS ISSUED, EURm 2017Q3 13.9 NET LOAN PORTFOLIO, EURm 5.3 2017Q4 13.0 4.9 2018Q1 15.1
Slide 9: Consumer Loans
CONSUMER LOANS Average loan tranche Average loan size per Weighed average term Non-perfoming loans ratio size per issue customer of loans issued 319 € 172 days 6,6% € 409 243 days 4,0% € 314 € 154 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2017Q1 2017Q2 2017Q3 2017Q4 2018Q
Slide 10: Pawn Loans
PAWN LOANS 46% of loans issued by value in 2018Q1 3.6 2017Q1 2.9 3.7 2017Q2 2.8 3.7 LOANS ISSUED, EURm 2017Q3 2.7 NET LOAN PORTFOLIO, EURm* 3.9 2017Q4 * Includes car title loan and mortgage 2.8 loan legacy portfolios 4.1 2018Q1 3.0
Slide 11: Pawn Loans
PAWN LOANS Average loan size Pawn mark-up: Redemption rate* per issue: Stable customer base and stable porformance € 59 50% of lombard operations 72% € 55 71% 48% 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 * Items begin redeemed or extend
Slide 12: Key Financials
KEY FINANCIALS 11,5 10,3 Cash inflow 8,6 8,8 Cash outflow 2017 was the best in the Group's 8,6 9 history in terms of turnover and 7,7 profitability. 6,7 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1
Slide 13: Financials
FINANCIALS 44% 37% 35% 39% 37% 3.9 3.8 1.7 1.6 3,0 1.4 3.5 1.3 1.3 2.3 2.5 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2015A 2016A 2017A EBITDA, EURm EBIDTA margin* Net Debt/EBITDA ratio Net Debt/Equity ratio * Calculated as EBITDA / (Interest income + Gross profit from sale of foreclosed items)
Slide 14: Key Financials: Profitability
Income statement, EUR’000 2017Q1 2018Q1 %, y-o-y Interest and similar income 3 286 3 542 7,8% Gross profit from sale of goods** 321 335 4,4% KEY FINANCIALS: Gross profit 3 607 3 877 7,5% PROFITABILITY Selling expense -1 877 -1 493 -20,5% Administrative expense -485 -605 24,7% New changes in corporat
Slide 15: Key Financials: Balance
Balance sheet , EUR’000 2017Q1 2018Q1 %, y-o-y Fixed and intangible assets 725 620 -14,5% Loans to related parties 1 312 1 399 6,6% Net loan portfolio 13 776 18 172 31,9% KEY FINANCIALS: Inventory and scrap 584 915 56,9% BALANCE Other assets 527 944 79,2% Cash 1 022 1 415 38,4% TOTAL ASSETS 17 945 2
Slide 16: Financing Structure
2017Q4, 2018Q1, Interest-bearing debt Interest rate, % Maturity EUR’000* EUR’000* Secured bonds 1 000 750 14,0% 2018/11 Unsecured bonds 3 490 3 470 15,0% 2022/12 FINANCING Unsecured notes 3 573 4 496 14,0% 2021/10 STRUCTURE Peer-to-peer According to Diversified financing structure with lending platf
Slide 17: Ltd. ExpressCredit
Ltd. “ExpressCredit” Raunas iela 44 k-1 Riga, Latvia LV-1039 kristaps.bergmanis@expresscredit.lv +371 66 15 50 06
Delfingroup AS (SIA ExpressCredit) — Q1 2018 Earnings Presentation on 6ix