Qliro Ab · OMXSTO:QLIRO
Qliro Ab — Q2 2021 Earnings Presentation
18 slides from Qliro Ab's earnings presentation, Jul 20, 2021
Slide 1: Qliro Q2 2021 presentation
Qliro Q2 2021 presentation CEO Carolina Brandtman and CFO Robert Stambro 20 July 2021
Slide 2: Top tier payment solution that simplifies the online shopping experience
Top tier payment solution that simplifies the online shopping experience ⚫ The number one challenger within payment solutions in the Nordics for larger e- merchants with a modern checkout solution and a top digital post-purchase experience ⚫ True understanding of the needs among large- and mid-sized
Slide 3: Q2 Financial Highlights
17% 15% Q2 FINANCIAL GROWTH IN PAD VOLUME 5% INCOME GROWTH -16% HIGHLIGHTS ADJUSTED INCOME GROWTH improvement since Q1 LOAN LOSSES COMPARED TO LENDING BALANCE 3
Slide 4: Q2 Highlights
Strengthened market position Merchants live during Q2 Q2 - New segment and top 5 merchant in First pure Norwegian merchant PAD volume during June HIGHLIGHTS Some of new merchants going live during H2 4
Slide 5: Strong growth in PAD volumes
Strong growth in PAD volumes Share of PAD volume, merchants outside previous Qliro Group Breakdown PAD volume growth Q2 2021, MSEK +17% Y/Y 57% 51% +13% Y/Y Q2 2020 Q2 2021 "External" merchants New merchants live Churn and change Total live bef. Q3 2020 L12M volume former Group merchants ⚫ Total PAD
Slide 6: Seamless payment experience from checkout to payment in app and web
We have developed our services to create a seamless payment experience from purchase in checkout to payment in app and web From checkout… … to one-click payment Purchase complete Invoice with a clearly marked Clear purchase overview The customer can pay easily The customer has finalised – we will no
Slide 7: Continuous investment in proprietary credit decision engine starting to pay off
Continuous investment in proprietary superior credit decision engine starting to pay off Investment in own (proprietary) credit decision engine, data & infrastructure as well as scoring models results in shorter time to market with new models and more accurate credit decisioning. Qliro has it´s own
Slide 8: Improved credit performance
Improved credit performance Comments PAD losses in relation to PAD volumes, % Loan loss level, personal loans, % • Clean balance sheet strategy – low Reported Adjusted* Adjusted rolling 12m* Reported Adjusted* Adjusted rolling 12m* valuation risk in the balance sheet • Stable PAD credit performance
Slide 9: Financials
Q2 FINANCIALS QLIRO
Slide 10: Improved statutory profit
Improved statutory profit Comments Qliro income statement • Improved operating profit SEKm Q2 2021 Q2 2020 Change Q/Q Net interest income 54,4 48,7 +12% • Q2 2020 impacted by items affecting Net commission income 42,9 36,8 +16% comparability Other income 1,8 0,9 +98% Total income 99,1 86,4 15% • Inc
Slide 11: Improved income growth
Improved income growth Comments Qliro income statement adjusted for items affecting comparability in Q2 2020 • Improved income growth from Q1 but SEKm Q2 2021 Q2 2020 Change Q/Q below long-term ambition Net interest income 54,4 52,1 +5% Net commission income 42,9 41,8 +3% • Underlying business growi
Slide 12: Payment solutions – back to income growth
Payment solutions – back to income growth Comments Key figures, Q2 2020 adjusted for items affecting comparability • Continued strong volume development. SEKm Q2 21 Q2 20 Change Y/Y Underlying growth and new merchants Total operating income 81,7 80,0 +2% drive growth Loan losses -19,1 -17,8 +8% Inco
Slide 13: Digital banking services – high growth of risk adjusted income
Digital banking services – high growth of risk adjusted income Comments Key figures • Stable financial performance SEKm Q2 21 Q2 20 Change Y/Y Total operating income 17.4 14.9 +17% Loan losses -3.6 -5.6 N/A • Growth in lending 20% YoY and 4% Q/Q. June the best month for new Income after losses 13.9
Slide 14: Margin development segments
Margin development segments Comments Payment solutions, riskadjusted income margin1 Quarterly Rolling 12m • Income margin lower in 2021 than 2020 for Payment solutions but to 20,4% 19,4% some extent mitigated by improved 18,5% 18,4% 18,3% 17,7% credit performance 20% 19% 18% 18% 17% 16% • Positive m
Slide 15: Cost development
Cost development Comments Cost development adjusted for items affecting comparability in Q2 2020, SEKm Opex excl. D&A D&A 10% growth Y/Y • Increased cost related to cloud migration, development costs and costs for being listed company 1) 91 86 91 83 83 22 24 21 21 23 • Will continue to invest in our
Slide 16: Well capitalised for continued growth
Well capitalised for continued growth Comments Capitalisation, % Funding split • Stable capital ratios and capital base 26.6% SEKm ~ 300 MSEK larger than total regulatory requirement 4,4% 147100 565 • Continued strong liquidity position with LCR at 590%, NSFR at 131% and 12.0% leverage ratio at 14,4
Slide 17: Looking ahead
Continue to sign and onboard new merchants Explore a more standardised SME-offering and partnerships within the area Looking Develop digital loan offering where we see positive signs of improved volumes Improve income growth with clear long-term ahead ambition to grow income faster than cost Q3 repo
Slide 18: Qliro
QLIRO