Intrum Ab · OMXSTO:INTRUM

Intrum Ab — Merger or Acquisition (January 2024)

11 slides from Intrum Ab's merger presentation, Jan 23, 2024

  1. Slide 1: Conference call, Stockholm, 23 January 2024

    Confer Stockholm 23 Januar y 2024 intrum

  2. Slide 2: Today's presenter

    Today’s presenter Andrés Rubio President and Chief Executive Officer intrum

  3. Slide 3: SEK 11.5 bn asset sale to Cerberus, raising liquidity

    SEK 11.5 bn asset sale to Cerberus, raising liquidity and progressing toward capital-light business model Portfolio: Transaction includes assets in 13 jurisdictions in over 10,000 portfolios with a nominal value of SEK 382 bn Book value of SEK 11.5 bn as of September 30, 2023 Servicing mandate: Mini

  4. Slide 4: Transaction structure

    Transaction structure Cerberus 65% Dutch holding entity eee Asset holding Non-recourse to —— sce principals “ Assets intrum Background and rationale * Includes assets in 13 of Intrum’s 20 jurisdictions across Europe * Mainly unsecured assets across ~10,000 portfolios * The portfolios will be acquire

  5. Slide 5: Price bridge and preliminary proforma financials

    Price bridge and preliminary proforma financials Preliminary proforma financials 1,006 — 986 952 Value intrum’s + Net debt will be reduced by stake approximately SEK 8.2 bn which will EURM foo} a a rte cast rum positively impact net financial items by SEK ~570 M p.a. nuekne on * Transaction will gen

  6. Slide 6: Benefits of transaction

    Benefits of transaction Raises significant liquidity and accelerates deleveraging Validates ERC and book values on significant portion of investment portfolio Shifts assets from proprietary balance sheet investment to third-party servicing income Cements servicing relationship with Cerberus, top NPL

  7. Slide 7: Delivery on our near term targets

    Delivery on our near term targets Near term Reduce Leverage tactical VY Lower proprietary investments + Oe W Exiting selected markets De-risk Platform VW Tactically selling back book Cost reduction Cash proceeds and value significantly exceed SEK 6bn presented at CMD, allowing for discipline on addi

  8. Slide 8: Cerberus Davidson… Blackstone

    Cerberus Davidson… Blackstone CarVal Intrum PIMCO AMCO Fortress Quaestio… Lone Star

  9. Slide 9: Significant steps towards Capital Light asset management model

    Significant steps towards Capital Light asset management model 4 2026 — future Asset management 2023 — 2026 business model y Back book sale 2023 and investment Reduced partnership(s) Before 2023 investments 100% balance Selected market sheet funded exits proprietary investor intrum

  10. Slide 10: Q&A

    Q&A intrum

  11. Slide 11: Slide 11

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