Slide 1: Earnings Call Presentation 9 months 2021
Earnings Call Presentation 9 months 2021
Slide 2: Disclaimer
Eleving Group Disclaimer The information contained in this presentation has been prepared by Eleving Group, a public company limited by shares (société anonyme) duly incorporated and validly existing under the laws of the Grand- Duchy of Luxembourg, having its registered office at 8-10 Avenue de la
Slide 3: Presenters
Presenters \ Modestas Sudnius Chief Executive Officer + With Eleving Group since 2013, part of the Group's management team as CEO since November 2018 Started as country manager for Lithuania, where he established successful operations. In January 2018, he was promoted to regional CEO for the Group's
Slide 4: Operational highlights
Eleving Group Operational highlights Record profitability as a result of steady operationaland financial performance Revenue, min €* Record-breaking performance in Q3 driven by: + significant loan issuance: EUR 87.1 min = quarterly revenue CAGR of 18.4% for 2021 Strong performance in the consumer fi
Slide 5: Global scope
Eleving Group Global scope Multi-geography platform that eliminates a single-market risk Portfolio balance Vehicle Finance as of 30.09.2021 im Latvia (LV) Population: 1.9 min Passenger vehicles: 0.66 min Operations launched: y2012 CmsneARERSS Share of portfolio: 7.7% (15.3%) MB Lithuania (1) Populat
Slide 6: Financial highlights
Eleving Group Financial highlights Record profitability driven by the robust loan issuances and consistent financial performance EBITDA, min €* Capitalization ratio Record profitability as evidenced by: During Q3 2021 Fitch Ratings has affirmed Group's Long-Term Issuer = Record-high 9M EBITDA - EUR
Slide 7: Financial highlights
Eleving Group Financial highlights Financial results manifest the improving performance Revenue, min €! EBITDA, min €# Net Profit before FX effect, min €° 126 “7 wu 98.4 37.5 80.0 678 297 25.0 88 46 25 | = 2019 2020 9M 2020 9M 2021 2019 2020 9M 2020 9M 2021 2019 2020 9M 2020 9M 2021 Interest coverag
Slide 8: Assets & Liabilities
Eleving Group Assets & Liabilities Sustained growth in assets Assets and Equity, mIn € Liabilities, min € 350 ana MERC RICEEE Group's funding maturity profile extended by t comprised of net loan five more years due to successful Eurobond 300 279.8 portfolio, used car rent issuance on 18 October 2021
Slide 9: Diversified Loan Portfolio
Eleving Group Diversified Loan Portfolio A predominantly European-based portfolio, secured against collateral Net loan and used car rent portfolio by region, min € As at 30.09.2021 64.1 53.5 50.9 474 22.2 L * Baltics Eastern Europe © Consumer Finance — Africa and Asia Caucasus Markets on hold Baltic
Slide 10: Non-performing loans and provisioning
Eleving Group 10 Non-performing loans and provisioning Maintaining excellent portfolio quality Net vehicle loan Net consumer loan Gross and net NPL portfolio portfolio quality analysis portfolio quality analysis = As at 30.09.2021 As at 30.09.2021 30% 25% 20% 15% 10% ox EE eee 0% 2019 Q2 201993 2019
Slide 11: Outlook — Products & Services
MOBILITY INCLUSION Eleving Group Outlook — Products & Services Become an ultimate mobility platform Products & Services Product strategy — 7 >, . 4 q = processes = re mo Maintain organic growth in Vehicle leasing for pre-owned ony @cter cars * Further automation of loan issuances and underwriting pr
Slide 12: Appendix
Eleving Group Appendix Table of contents Focus on sustainability Operational structure Corporate brand change Income statement Balance sheet Statement of Cash Flow Glossary
Slide 13: Focus on sustainability
Focus on sustainability Making a positive impact by addressing ESG issues e 7 N Environment | Social Working towards paperless office in Romania, with Women empowerment program in Kenya—subsidising 70% of all contracts already signed digitally in 2Q21 motorcycle riding school for women and offering
Slide 14: Group operational structure
GROUP VEHICLE CONSUMER FINANCE FINANCE VEHICLE VEHICLE VEHICLE AFRICA & EASTERN EUROPE CAUCASUS & ASIA ESTONIA
Slide 15: Corporate brand change
Eleving Group 5 Corporate brand change from Mogo Finance to Eleving Group ri4 Outgrown umbrella brand Growing product range Alignment with our approach What once was a one-brand company focused on The product range has grown and evolved into a Arevised mission that incorporates sustainability car fi
Slide 16: Group financials, EUR mln
Group financials, EUR mln 2018 2019 2020 9M20 9M21 Interest revenue calculated using the effective interest method 54.4 68.0 83.5 60.5 99.6 Interest expense calculated using the effective interest method (14.2) (21.2) (26.1) (18.7) (22.1) Net interest income 40.2 46.8 57.4 41.8 77.5 Fee and commissi
Slide 17: Balance sheet
- - Receivables as a result of sale of subsidiaries to related parties Receivables as a result of sale of subsidiaries to third parties 0.1
Slide 18: Statement of cash flow
Eleving Group Statement of cash flow Cash flows to/from operating activities Profit/(loss) before tax 87 69 09 =«79) 144 Adjustments for: Amortization and depreciation 18 38 87 44 55 Interest expense 142 219 261 187221 Interest income (644) (724) (83.5) (605) (996) Loss/(gain) on disposal of propert
Slide 19: Glossary
Glossary Definitions and Alternative Performance Measures Average income yield on net loan and used car rent portfolio—the sum of annualized interest revenue calculated using the effective interest method and revenue from rent/average net loan and used car rent portfolio Average net loan and used ca
Slide 20: Thank you!
Eleving Thank you! Eleving Group Investor Relations Maris Kreics Skanstes street 52 Agita Baltbarde: Skanstes street 52 Group Chief Financial Officer LV-1013 Riga, Latvia Group Chief Corporate Affe and LV-1013 Riga, Latvia E-mail: maris.kreics@eleving.com www.eleving.com Investor Relations Officer w