Slide 1: First Half Year Result 2021
FIRST HALF YEAR RESULT 2021 2021 © MULTITUTE. ALL RIGHTS RESERVED. IFRS preliminary unaudited financial results for the 1st half year ended 30 June 2021 1 FE-Classification: General\Anyone
Slide 2: FE-Classification: General\Anyone
2 FE-Classification: General\Anyone
Slide 3: FE-Classification: General\Anyone
3 FE-Classification: General\Anyone
Slide 4: FE-Classification: General\Anyone
4 FE-Classification: General\Anyone
Slide 5: FE-Classification: General\Anyone
5 FE-Classification: General\Anyone
Slide 6: FE-Classification: General\Anyone
6 FE-Classification: General\Anyone
Slide 7: FE-Classification: General\Anyone
7 FE-Classification: General\Anyone
Slide 8: Finance
FINANCE 2021 © MULTITUTE. ALL RIGHTS RESERVED. 8 FE-Classification: General\Anyone
Slide 9: Financial Overview: Revenue Turn-Around & Improving Profitability
FINANCIAL OVERVIEW: REVENUE TURN-AROUND & IMPROVING PROFITABILITY REVENUE STARTED TO in EUR m Q1 2021 Q2 2021 H1 2021 H1 2020 % change INCREASE SLIGHTLY: Revenue 51.9 52.6 104.5 121.1 -13.7% − positive trend: Q2 revenue exceeding Q1 revenue − Strong revenue dynamic in SweepBank EBIT 5.4 7.7 13.1 10.
Slide 10: Solid Balance Sheet Structure Supports Continued Portfolio Growth
SOLID BALANCE SHEET STRUCTURE SUPPORTS CONTINUED PORTFOLIO GROWTH EUR ‘000 30 Jun 2021 31 Dec 2020 % Change EUR ‘000 30 Jun 2021 31 Dec 2020 % Change Assets Equity and liabilities Non-current assets 58,222 59,943 -2.9% Equity 127,734 125,568 1.7% Accounts receivable – customer Non-current liabilitie
Slide 11: Segment Perspective
SEGMENT PERSPECTIVE Ferratum CapitalBox SweepBank Total EUR million H1 2021 H1 2020 H1 2021 H1 2020 H1 2021 H1 2020 H1 2021 H1 2020 Revenue 89,807 104,521 11,168 15,001 3,556 1,617 104,531 121,139 Impairments (26,921) (47,034) (3,511) (5,707) (2,404) (1,997) (32,876) (54,738) As % of Revenue 30.0% 4
Slide 12: Increased Revenue and Net AR in SweepBank
INCREASED REVENUE AND NET AR IN SWEEPBANK H1 2021 REVENUE AND NET AR H1 2020 REVENUE AND NET AR H1 2021 REVENUE AND NET AR H1 2020 REVENUE AND NET AR 11.2 15.0 3.6 1.6 71.0 827 65.6 Ferratum SweepBank 279.9 16.8 13.9 89.8 279.0 252.2 104.5 CapitalBox 61.8 Net AR Net NetAR AR 2021 © MULTITUTE. ALL RI
Slide 13: Continued Improvement in Asset Quality
CONTINUED IMPROVEMENT IN ASSET QUALITY FOCUS ON SWEEPBANK & AND IMPAIRMENT LOSSES (TOTAL) / NAR SELECTIVE LENDING FOR FERRATUM (NEAR-PRIME) PRODUCTS DRIVE ASSET QUALITY IMPROVEMENTS 12,00% 2018 2019 2020 2021 − Mid-term improving trend in impairment losses over net 10,00% 9,71% 2,12% COVID-19 relate
Slide 14: Funding Structure and Cost of Debt Capital
FUNDING STRUCTURE AND COST OF DEBT CAPITAL FINANCING MIX AT YEAR END 2020 FINANCING MIX AT 30 JUN 2021 Ferratum Capital Germany 5.5% + 3m Euribor 2022 EUR 100m EUR 100m EUR 80m Ferratum Capital Germany EUR 80m 5.5% + 3m Euribor 2023 EUR 339m EUR 430m Deposits 10 WEIGHTED AVERAGE COST OF DEBT FUNDING
Slide 15: Perpetual Bond
PERPETUAL BOND − EUR 50 million in subordinated perpetual capital notes issued in July 2021 − The bonds qualify as IFRS equity − The Hybrid Bonds carry a floating rate coupon of 3 month Euribor + 8.90% and were issued at a price of 99.50% of the nominal amount − Ferratum Capital Germany purchased in
Slide 16: Key Takeaways
KEY TAKEAWAYS − New Multitude strategy & brand − Return to revenue growth q-o-q − Solid operative performance in H1 2021 reaching an EBIT of EUR 13.1m; credit losses continued well under control − Successful perpetual bond placement in the amount of EUR 50m improving the Group’s equity − The Group i
Slide 17: Thank You
THANK YOU ir@multitude.com MULTITUDE SE RATAMESTARINKATU 11 A 00520 HELSINKI FINLAND 2021 © MULTITUTE. ALL RIGHTS RESERVED. 17 FE-Classification: General\Anyone