Vanquis Banking Group Plc · LSE:VANQ
Vanquis Banking — H1 2025 Earnings Presentation
22 slides from Vanquis Banking's earnings presentation, Aug 7, 2025
Slide 1: 2025 Half Year Results Investor Meet Company Presentation
QY vandquis The bank = that’s got _ your back , 2025 HALF YEAR RESULTS INVESTOR MEET COMPANY PRESENTATION vanquis.com 7 AUGUST 2025 3PM
Slide 2: Who is Vanquis?
Who is Vanquis? Tan McLaughlin Summary of 1H25 Tan McLaughlin & Dave Watts Q&A Tan & Dave
Slide 3: Who is Vanquis?
QM vandquis Who is Vanquis? Tan McLaughlin Chief Executive Officer
Slide 4: Our purpose
Our purpose To deliver caring banking so our customers can make the most of life’s opportunities The bank that’s got your back Need to take care of your finances and grab life’s opportunities? We’ve got you. * Trustpilot ‘TrustScore 4.1 37,953 reviews
Slide 5: Our customers
Our customers Serving the banking needs of the underserved UK adult population x " = H Actrustpitot / AEE 41 Rating Based on 37.014 reviews We care for over 1.7 million customers. We can care for you too. Their core needs Help me build a financial Help me feel in control of my DIMES eI MSS) safety n
Slide 6: Our proposition
Our proposition Credit Vehicle Second Charge Savings Snoop Cards Finance Mortgages # Customers 1,290k 106k 6.3k 55k 313k Gross customer interest- earning balances £1,335m Balances £371m £2,424m
Slide 7: Strategic transformation of the bank
Strategic transformation of the bank 2024 was a pivotal year 1. Refreshed our strategy, enhanced our customer proposition and simplified the organisation. 2. Implemented changes required for sustainable performance. 3. Managed new business growth as we resolved the issues of the past. 4. Delivered t
Slide 8: Summary of 1H25
QM vandquis Summary of 1H25
Slide 9: Profit delivered in 1H25
Profit delivered in 1H25 Two consecutive quarters of profitability and three consecutive quarters of balance growth While the strategic transformation of the bank continues, we have: 1. 2. Sustainably grown interest-earning balances and optimised mix to maximise return on deployed capital. Made stro
Slide 10: 1H25 Highlights: Customer proposition and risk management
1H25 Highlights Improving customer proposition with enhancements to risk management What we have delivered * Launched new Credit Card product variants. * Enhanced credit decisioning in Vehicle Finance. Customer a , proposition * Maintained strong growth in Second Charge Mortgages. * Expanded our fle
Slide 11: 1H25 Highlights: Technology transformation and operational efficiency
1H25 Highlights Technology transformation and operational efficiency on track, supported by a strong team Technology transformation Operational efficiency What we have delivered Centralised customer data on a new IT platform. Launching a new mobile app and Credit Card onboarding and decisioning plat
Slide 12: Update on external factors
Update on external factors Clear distinction from Johnson case supports limited liability on motor finance commissions Update following Supreme Court Judgment and FCA’s intention to consult on a compensation scheme * The Group believes any liability is limited. + Under IAS 37, no provision has been
Slide 13: New FOS fee charging structure
New FOS fee charging structure The revised FOS fee structure, implemented on 1 April 25, has reduced unmerited CMC complaint referrals to the FOS. Charging structure pre 1 April 2024 Lenders paid £750 per claim vw Charging structure pre 1 April 2025 Lenders paid £650 per claim Vv New charging struct
Slide 14: Guidance summary
Guidance summary Remain on track to achieve FY25 and FY26 guidance, with higher balance growth in 2025 1H25 Performance Statutory Guidance Statutory FY25 FY26 >£2.6bn Gross customer interest earning balances £2,459m (up from c£2.6bn) c.£3.0bn Net Interest Margin 7.4% >17% >16% Cost: Income ratio* 62
Slide 15: Focused on creating long-term shareholder value
Focused on creating long-term shareholder value Delivering for our customers to drive ongoing sustainable, profitable growth 1 2. Profitable in 1H25 driven by balance growth and improved risk adjusted margin. Sufficient capital to achieve growth plans. . Credit quality remains robust, reflecting con
Slide 16: Why Vanquis matters
Our customers Why Vanquis matters a A very quick and easy process from start to finish, customer service is excellent, and they treat you like a person not a number. uw Vanquis customer Vanquis 4.1/5 Trustpilot score >37k reviews + "Great" rating + 80% 5-star | 9% 4-star ” From application to funds
Slide 17: Q&A
QM vandquis Q&A
Slide 18: Appendix
QM vandquis Appendix
Slide 19: 1H25 Group performance
1H25 Group performance Return to profitability alongside continued balance growth Receivabl JUN25 DEC24 Change JUN24 Change ecenanies £m £m % £m % gross customer interest earning 2,459 2,308 1% 2,252 9% alances Average gross customer interest earning» 339 7 208 6% 2201 6% balances (excluding Persona
Slide 20: 1H25 Group key performance metrics
1H25 Group key performance metrics Improving risk adjusted margin driving low single digits ROTE a ant Change "a Change Selected key metrics Asset yield 218-224 (0.6) 28.2 (1.4) Net interest margin (NIM) 17.4 181 (7) 18.9 (15) Total income margin (TIM) 18.9 19.8 (0.9) 20.7 (1.8) Cost of risk (6.6) (
Slide 21: Disclaimers
Disclaimers Important notice The information in this presentation may include forward-looking statements. Forward looking statements, by their nature involve risk and uncertainty as they relate to future events and circumstances. Forward looking statements can be identified from the fact that they d
Slide 22: Investor Relations contact
QM vandquis Investor Relations contact James Cranstoun Phone: +44 7766 937 406 Email: james.cranstoun@vanquis.com Website: www.vanquis.com
Vanquis Banking Group — H1 2025 Earnings Presentation on 6ix