Vcredit Holdings Limited · HKEX:2003
Vcredit — Investor Presentation (September 2018)
12 slides from Vcredit's investor presentation, September 2018
Slide 1: VCREDIT Holdings Limited Management Presentation
Confidential VCREDIT Holdings Limited Management Presentation September 2018
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT OR THE INFORMATION CONTAINED HEREIN IS NOT INTENDED TO AND DOES NOT CONSTITUTE ANY OFFER OR INVITATION, SOLICITATION, COMMITMENT OR ADVERTISEMENT OF ANY OFFER FOR SUBSCRIPTION, PURCHASE OR SALE OF ANY SECURITIES, NOR SHALL ANY PART OF THIS DOCUMENT FORM THE BASIS OF OR BE RE
Slide 3: Online consumer finance service leader
Online consumer finance service leader Unique product offerings Large addressable market Serving the under-served credit card users 446mm people with credit history in CCRC credit database in 2017(2) #1 player with 95% of our borrowers had CCRC official 16.4% market share (1) credit records (3) Regu
Slide 4: Recent developments
Recent developments Circular 141 and Serial P2P Platform Collapses Industry P2P Platform Self-inspection Notice development with a 108 Compliance Checklist Asset Management Rules Loan origination volume(1) Funding partners(2) RMB9.63bn 20 Operational Registered users(2) Offline outlets(2) results 53
Slide 5: Product matrix tailored to the individual needs and different credit profiles
Product matrix tailored to the individual needs and different credit profiles 17.3% % of total loan origination amount in 1H2018 63.7% 19.0% + Credit-plus- alternative data approach Tailored to Product offerings Core to our product offerings individual needs Note: 4 (1) Average loan size and weighte
Slide 6: Effective credit rating and risk management
Effective credit rating and risk management M3+ Delinquency Ratio distribution Cohort-based M3+ delinquency ratio(2) across risk rating categories(1) Online credit product Online-to-offline credit product Lower pricing and delinquency 10% 20% ratio for better 18% risk profiles M3+ Delinquency Ratio
Slide 7: Financial highlights
Financial highlights
Slide 8: Exponential growth in business scale
Exponential growth in business scale Loan origination volume Nominal balance of loans to customers(1) (RMB mm) (RMB mm) 26% 24,544 10% 14,733 164% 13,423 91% 24% 32% 10,638 30% 3% 24% 37% 18% 6,912 9,374 9,627 7,870 16% 19% 19% 58% 17% 4,059 58% 30% 38% 51% 3,530 52% 19% 96% 64% 12% 44% 93% 55% 43%
Slide 9: Rapid and increasingly diversified income growth
Rapid and increasingly diversified income growth Funding structure evolution Income drivers (RMB mm) (RMB mm) Strategic trending Strategic trending Direct lending --- Net interest income/ Trust lending --- interest type income(1) --- Credit enhanced loan facilitation +++ Loan facilitation service fe
Slide 10: Unique capital structure and stable funding cost
Unique capital structure and stable funding cost Unique and flexible capital Stable funding expense of on- structure balance sheet loans(1) Weighted average historical funding cost ▪ Our company is set up as a As of 31-Dec- 2015 31-Dec- 2016 31-Dec- 2017 30-Jun- 2018 WFOE, instead of a VIE which is
Slide 11: Fast improving operating efficiency and profitability
Fast improving operating efficiency and profitability Operating expenses breakdown Adjusted Operating profit (RMB mm) (RMB mm) (%: as percentage of total loan origination volume) (%: adjusted operating profit margin) 13.2% 10.6% 14.6% 358 933 0.3% 59.1% 185 0.7% 666 116 0.4% 0.3% 615 0.4% 2.1% 448 1
Slide 12: Leading market position with proven track record and unique market focus
Leading market position with proven track record and unique market focus Resilient and Serving the Diversified compliant UNDER-SERVED institutional business model funding Extensive industry know-how Unique access to CCRC Structured and securitized and insights in China consumer credit database fundi
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