Lexinfintech Holdings Ltd. · NASDAQ:LX
Lexinfintech — Q1 2025 Earnings Presentation
24 slides from Lexinfintech's earnings presentation, May 21, 2025
Slide 1: Investor Presentation First Quarter 2025 Results
Investor Presentation First Quarter 2025 Results
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by LexinFintech Holdings Ltd (the “Company”) pursuant to Section 5(d) of the U.S. Securities Act of 1933, as amended (the “Securities Act”) solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell
Slide 3: Company Overview
01 Company Overview
Slide 4: Addressing the Market with Different Focuses
Addressing the Market with Different Focuses Core business supported by new growth opportunities Tech- Installment Credit Facilitation Empowerment E-commerce Service Service Platform Service 01
Slide 5: Commitment to 2C2B2F
Commitment to 2C2B2F Connecting consumers to business and financial institutions 2B&2F 2C (Business and Financial Institutions) (Consumers) • 177 funding partners1 • Over 232 million registered users1 1. As of December 31, 2024, or accumulative 02
Slide 6: A Seamless Experience for New-Generation Consumers
A Seamless Experience for New-Generation Consumers Omni-channels and multiple access for our users Consumer credit Maiya E-commerce 03
Slide 7: Empowering the Digitalization of Financial Institutions
Empowering the Digitalization of Financial Institutions Supporting financial institutions in building in-house capabilities and competitiveness Local Fintech deployment upgrade Channel co-building Digital infrastructure Product design Quality assets Risk management Operational efficiency Customer ma
Slide 8: Priorities Unchanged in Execution
Priorities Unchanged in Execution Staying compliant and competitive • Self-examination following the • Enhanced risk identification and same requirements as the 13 modeling platforms Risk • Dynamic credit approval process Compliance • Constant dialogue with regulators Management • Effective matching
Slide 9: Optimize Customer Development Strategy to Deal with External Uncertainty
Optimize Customer Development Strategy to Deal 工作不足 with External 明年计划 Uncertainty Premium Customer Focused • Increase the mix of premium customers & control the access of high-risk customers • Strike a balance between scale and risk • Stable risk performance & high quality of new loan originations
Slide 10: Core Capabilities of Lexin
Core Capabilities of Lexin Customer Service and Risk Management A Operation A • Rich internal data & high-quality B external data • Customer operation by segment • Model upgrade • Customer profile and credit • AB Testing identification • Tailor-made products and services D B Technology and Data Coop
Slide 11: Lexin Smart Business Engine
Lexin Smart Business Engine Credit Application Approving Smart Business Alert Engine Customer Label Transaction Acquisition Summa- rize Acquisition Promoting Process Auto-Matching & Connecting Simulate IDSS Big Data Verify Insight Post Lending Collection & Quality Controlling 08
Slide 12: Lexin Eco-System
Lexin Eco-System Acquiring high-quality customers through multi-scenarios Huge funding pool & diverse consumption Larger scale & higher scenarios Lexin profitability Eco-System Empowering financial institutions Rich data, optimized models and merchants & technology capabilities LePartner 09
Slide 13: Operational and Financial Data
02 Operational and Financial Data
Slide 14: 1Q25 Key Metrics
1Q25 Key Metrics Loan origination Net income Net income take rate 51.6 billion 430 million 1.58% -0.6% QoQ +18.6% QoQ +27 bps QoQ 10
Slide 15: Key Financials
Key Financials (RMB 000) 1Q24 4Q24 1Q25 QoQ YoY Credit facilitation service income 2,648,478 2,712,066 2,190,866 -19.2% -17.3% Tech-empowerment service income 361,543 601,693 624,850 3.8% 72.8% Installment e-commerce platform service income 231,909 345,074 288,383 -16.4% 24.4% Total operating revenu
Slide 16: User Base
User Base Registered Users Cumulative Users (mn) (mn) QoQ QoQ +2.0% +2.1% 232 34.5 228 33.8 223 33.1 219 32.5 215 32.0 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 12
Slide 17: Volume & Balance
Volume & Balance Loan Origination Loan Balance (RMB bn) (RMB bn) QoQ QoQ -0.6% -2.7% 121.5 58.0 115.2 111.2 110.3 52.0 51.6 51.1 51.0 107.3 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 1. Loan originations represent the total principal amount of loans facilitated and originated during each peri
Slide 18: Revenue and Operating Expenses
Revenue and Operating Expenses Operating Revenue Operating Expenses (RMB mn) (RMB mn) QoQ QoQ -15.2% +5.5% 642 711 676 711 750 3,242 3,641 3,662 3,659 3,104 7% 8% 9% 9% 14% 14% 13% 13% 13% 12% 11% 10% 15% 16% 20% 21% 20% 22% 21% 21% 82% 81% 74% 73% 71% 65% 66% 65% 65% 66% 1Q24 2Q24 3Q24 4Q24 1Q25 In
Slide 19: Profit
Profit Net Profit1 Net Margin1 (RMB mn) QoQ QoQ +18.6% +3.9ppt 430 13.9% 363 310 9.9% 8.5% 227 202 6.2% 6.2% 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 1. Excluding after-tax impact of investment-related impairment losses. 15
Slide 20: Risk Performance
Risk Performance Delinquency Ratio (90 days +) First Payment Default 30+1 (RMBm) 1.20% 3.7% 3.7% 3.6% 1.00% 3.3% 0.80% 2.9% 3.0% 0.60% 2.7% 2.5% 2.6% 0.40% 0.20% 0.00% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 1. Loans facilitated under ICP are exclude
Slide 21: Appendix
Appendix
Slide 22: P&L Statement
P&L Statement For the Three Months Ended March 31, (In thousands, except for share and per share data) 2024 2025 RMB RMB US$ Operating revenue: Credit facilitation service income 2,648,478 2,190,866 301,910 Loan facilitation and servicing fees-credit oriented 1,417,248 1,136,229 156,577 Guarantee in
Slide 23: Balance Sheet (1)
Balance Sheet (1) As of (In thousands) December 31, 2024 March 31, 2025 RMB RMB US$ ASSETS Current Assets Cash and cash equivalents 2,254,213 3,173,298 437,292 Restricted cash 1,638,479 1,545,269 212,944 Restricted term deposit and short-term investments 138,497 218,490 30,109 Short-term financing r
Slide 24: Balance Sheet (2)
Balance Sheet (2) As of (In thousands) December 31, 2024 March 31, 2025 RMB RMB US$ LIABILITIES Current liabilities Accounts payable 74,443 63,294 8,722 Amounts due to related parties 10,927 9,124 1,257 Short-term borrowings and current portion of long-term borrowings 690,772 781,324 107,669 Short-t
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