Slide 1: Earnings Call Presentation 9 months 2022
1 Earnings Call Presentation 9 months 2022 November 2022
Slide 2: Disclaimer
Eleving Group Disclaimer The information contained in this presentation has been prepared by Eleving Group, a public company presentation is made available must make its own independent assessment of the Borrower after limited by shares (société anonyme) duly incorporated and validly existing under
Slide 3: Presenters
Eleving Group Presenters Modestas Sudnius Maris Kreics Chief Executive Officer Chief Financial Officer ▪ With Eleving Group since 2013, part of the Group’s management ▪ With Eleving Group since 2015 team as CEO since November 2018 ▪ Before joining Eleving Group, spent two years in a corporate financ
Slide 4: Operational highlights
Eleving Group Operational highlights Improving operational and financial performance Revenue, mln EUR1 Substantial increase in key performance Tightened underwriting policy has been 153.8 indicators during the period: introduced throughout the Group, given the 136.0 economic uncertainty worldwide. A
Slide 5: Group's product universe
Eleving Group Eleving Group’s product universe A rent-to-buy product designed with ultimate flexibility in mind. Accessible financing through traditional Subscription-based product of brand-new cars for online and offline clients searching for immediate mobility solutions. consumer loan products. A
Slide 6: Global scope
Eleving Group Global scope Multi-geography platform that eliminates a single-market risk Portfolio balance1 Vehicle Finance2 Consumer Finance as per September 2022 Latvia (LV) Moldova (MD) Albania (AL) Population3: 1.9 mln Population: 2.6 mln Population: 2.8 mln Passenger vehicles4: 0.66 mln Passeng
Slide 7: Non-financial KPIs
Eleving Group Non-financial KPIs Leveraging data to provide up-to-date products to customers and highest returns to shareholders Vehicle Finance, Q3 2022 Consumer Finance, Q3 20222 15.9k (4.7k) 14.4% (2.5 p.p.) 4.6 mln (0.1 mln) 5.1k (0.2k) 67.1k (7.0k) 41.9% (0.6 p.p.) Vehicles financed Conversion
Slide 8: Financial highlights
Eleving Group Financial highlights Solid profitability driven by robust loan issuances and consistent financial performance EBITDA and adjusted EBITDA, mln EUR Capitalization ratio Equity development, mln EUR 76,2 60.61 10,1 27,4% 53.1 53.5 17,4 1 49.01 45.4 19,4 43.21 48,7 38.3 12,6 12,6 23,0% 34.8
Slide 9: Financial highlights
Eleving Group Financial highlights Financial results manifest the improving performance Revenue, mln EUR1 EBITDA, mln EUR2 Net Profit before FX effect, mln EUR3 60,6 18,4 17,7 153,8 136,0 53,5 107,3 43,2 12,1 88,3 34,8 4,9 2020 2021 9M 2021 9M 2022 2020 2021 9M 2021 9M 2022 2020 2021 9M 2021 9M 2022
Slide 10: Assets & Liabilities
Eleving Group Assets & Liabilities Sustained growth in assets Assets and Equity, mln EUR Liabilities, mln EUR Most of the Group’s assets More than two thirds of the Group's 400 382,5 are comprised of net loan funding stems from bond & note portfolio, used car rent issuances: 320,0 portfolio, and cas
Slide 11: Non-performing loans and provisioning
Eleving Group Non-performing loans and provisioning Maintaining excellent portfolio quality Net vehicle loan portfolio Net consumer loan Gross and net NPL portfolio quality analysis portfolio quality analysis As per September 2022 As per September 2022 35% Ukraine portfolio has been excluded from 30
Slide 12: Outlook – Products & Services
Eleving Group Outlook – Products & Services Outlook – Products & Services Product strategy for Products & Services next 12 months Processes Vehicle leasing for Maintain organic growth in the existing markets Financing pre-owned cars ▪ Further automation of loan issuances and underwriting processes f
Slide 13: Appendix
Eleving Group Appendix Table of Focus on sustainability & ESG strategy for 2025 contents Organizational structure Income statement Balance sheet Statement of Cash Flow Glossary 13
Slide 14: Focus on sustainability. ESG strategy for 2025
Eleving Group Focus on sustainability. ESG strategy for 2025 Eleving Group's four areas of action Responsible access Responsible business Employee growth and Climate impact to finance conduct well-being Responsible lending Governance Learning and development projects Reduction of portfolio environme
Slide 15: Organizational structure
Eleving Group Organizational structure VEHICLE VEHICLE VEHICLE AFRICA & EASTERN EUROPE CAUCASUS & NORDICS ASIA MOGO, RENTI, RENTI PLUS, MOGO MOGO, RENTI PLUS SEBO PRIMERO MOGO, RENTI, PRIMERO MOGO MOGO TIGO MOGO MOGO MOGO KREDO MOGO MOGO INSTAFINANCE MOGO 15
Slide 16: Income statement
Eleving Group Income statement EUR mln 2018 2019 2020 2021 9M 2021 9M 2022 Interest revenue calculated using the effective interest method 54.4 68.0 73.7 136.5 94.4 125.7 Interest expense calculated using the effective interest method (14.2) (21.2) (24.9) (28.2) (21.4) (22.3) Net interest income 40.
Slide 17: Balance sheet
Eleving Group Balance sheet Assets, EUR mln 2018 2019 2020 2021 Q3 2022 Equity & Liabilities, EUR mln 2018 2019 2020 2021 Q3 2022 ASSETS EQUITY Goodwill 1.7 4.1 6.6 4.2 4.2 Share capital - 1.0 1.0 1.0 1.0 Internally generated intangible assets 1.9 3.6 5.9 7.5 8.9 Retained earnings 15.1 21.4 22.9 22.
Slide 18: Statement of cash flow
Eleving Group Statement of cash flow EUR mln 2018 2019 2020 2021 9M 2021 9M 2022 EUR mln 2018 2019 2020 2021 9M 2021 9M 2022 Cash flows to/from operating activities Cash flows to/from investing activities Profit/(loss) before tax 5.7 6.9 0.9 13.5 14.4 24.2 Purchase of property, plant and equipment a
Slide 19: Glossary
Eleving Group Glossary Definitions and Alternative Performance Measures ▪ Average income yield on net loan and used car rent portfolio—the sum of annualized interest ▪ Impairment coverage ratio—total impairment/gross non-performing loans (NPLs) revenue calculated using the effective interest method
Slide 20: Thank you!
20 Thank you! Eleving Group Eleving Group Māris Kreics Skanstes street 52 Toms Haralds Vecvagars Skanstes street 52 Group Chief Financial Officer LV-1013 Riga, Latvia Investor Relations Manager LV-1013 Riga, Latvia E-mail: maris.kreics@eleving.com www.eleving.com E-mail: toms.vecvagars@eleving.com w