B2 Impact Asa · OSL:B2I
B2 Impact Asa — Arctic Nordic Debt Collection Webinar 2025
12 slides from B2 Impact Asa's conference presentation, Jan 10, 2025
Slide 1: B2 Impact ASA – Arctic Nordic Debt Collection Webinar
B2 Impact ASA Arctic Nordic Debt Collection Webinar 10 January 2025
Slide 2: Today's presenters
Today’s presenters Trond Kristian Andreassen André Adolfsen Chief Executive Officer Chief Financial Officer 2 B2 Impact Arctic Nordic Debt Collection Webinar 2025
Slide 3: This is B2 Impact
This is B2 Impact NOKm (excl. NRIs) Q3'24 LTM Total ERC as of Q3'24 Cash collections 5 890 Core unsecured markets REOs Revenues 3 782 Secured Secured markets (Veraltis) Opex -1 944 6% 10% Head office, Norway EBIT 1 745 Investment office, Luxembourg EBIT % 46% NOK ~24bn Net profit 575 85% Cash revenu
Slide 4: 2024 highlights and 2025 priorities
2024 highlights 2025 priorities Increased collection performance and lower opex Improved efficiency through use of AI and automation → Profitable and sustainable growth Completed refinancing reducing cost of debt going forward in investments → Focused investment approach to Dividend of NOK 1
Slide 5: Leverage ratio significantly reduced while maintaining strong collections and cash flow
Leverage ratio significantly reduced while maintaining strong collections and cash flow Growth and leverage Unsecured collections NOKm Portfolio investments Cash EBITDA Leverage ratio NOKm Performance % Collections 4 782 106.9 % 103.4 % 104.5 % 102.3 % 98.5 % 3 664 4 233 3 698 1 664 1 903 3.0x 1.8x
Slide 6: Increased collection efficiency and scalability
Increased collection efficiency and scalability Core unsecured markets Veraltis markets NOKm (constant FX) Cash collections NOKm (constant FX) Cash collections 1 000 1 200 1 000 800 500 600 400 36% 200 34% 33% 33% - - Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q3'2
Slide 7: Competitive cost level for new investments
Competitive cost level for new investments Stable opex in a high inflation environment Improved cost of debt Opex constant FX Cost of debt 12.0% 520 513 513 481 511 507 495 • Reduced cost of debt 465 431 through extended RCF and new bond issue 8.0% 36% • Ability to increase 34% 33% 33% investments w
Slide 8: Completed refinancing plan - NOK 275m lower run-rate interest cost
Completed refinancing plan - NOK 275m lower run-rate interest cost Margin Floating + Hedge Total • Achieved NOK 275m compared to target of NOK 200m 10.0% • Long term lower interest costs secured – Significantly improved in credit spread – Hedging ratio of 77% with a 3Y average duration – Extended RC
Slide 9: Simplified capital structure, no short-term maturities, and lower cost of debt
Simplified capital structure, no short-term maturities, and lower cost of debt Capital Structure Q4’19 (EURm) Capital Structure Q3’24 (EURm)1 Unutilised RCF Utilised RCF Outstanding bonds Unutilised RCF Utilised RCF Outstanding bonds I+3.25- I+2.80- E+7.50% E+7.00% E+4.25% E+4.75% E+6.35% E+5.00% E+
Slide 10: Key takeaways – Low credit risk and high dividend potential
Key takeaways – Low credit risk and high dividend potential Solid and Scalable Low cost of Increased Strong position improving cost base debt dividend in an attractive collection capacity market for new performance investments 11 B2 Impact Arctic Nordic Debt Collection Webinar 2025
Slide 11: Q&A
Q&A 12 B2 Impact Arctic Nordic Debt Collection Webinar 2025
Slide 12: b2-impact.com
b2-impact.com IR contact Rasmus Hansson Head of Investor Relations and M&A +47 952 55 842 rasmus.hansson@b2-impact.com B2 Impact Cort Adelers gate 30, 7th floor 0254 Oslo, Norway +47 22 83 39 50 post@b2-impact.com
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