Eleving Group · OMXRSE:ELEVR
Eleving — FY2021 Earnings Presentation
19 slides from Eleving's earnings presentation, February 2022
Slide 1: Earnings Call Presentation 12 months 2021
Earnings Call Presentation 12 months 2021 February 2022 Former Mogo Finance
Slide 2: Disclaimer
Eleving Group Disclaimer The information contained in this presentation has been prepared by Information contained in this presentation is confidential information This presentation does not constitute, or form part of, any offer or Eleving Group, a public company limited by shares (société anonyme)
Slide 3: Presenters
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, he spent two years in a corporate § Started as coun
Slide 4: Operational highlights
Eleving Group 4 Operational highlights Record profitability as a result of steady operational and financial performance Revenue, mln €1 152.2 98.2 68.3 75.8 18.6 4.1 8.2 27.9 71.7 71.4 56.0 2019 2020 2021 Consumer lending products Flexible lease and sub scription based products Lease and leaseback p
Slide 5: Global scope
Eleving Group Global scope Multi-geography platform that eliminates a single-market risk Portfolio balance1 Vehicle Finance Consumer Finance as of 31.12.2021 Latvia (LV) Moldova (MD) Albania (AL) Population2: 1.9 mln Population: 2.6 mln Population: 2.8 mln Passenger vehicles3: 0.66 mln Passenger veh
Slide 6: Financial highlights
Eleving Group 6 Financial highlights Record profitability driven by the robust loan issuances and consistent financial performance EBITDA, mln €1 Capitalization ratio Equity development, mln € 58.91 20.6% 8.6 48.2 49.0 18.4% 45.4 16.2% 5.2 20.4 37.51 34.4 17.2 17.8 27.0 27.01 9.7 38.5 27.0 27.0 27.6
Slide 7: Financial highlights
Eleving Group 7 Financial highlights Revenue, mln €1 EBITDA, mln €2 Net Profit before FX effect, mln €3 Interest coverage ratio Net leverage Capitalization ratio
Slide 8: Assets & Liabilities
Eleving Group 8 Assets & Liabilities Assets and Equity, mln € Liabilities, mln €
Slide 9: Non-performing loans and provisioning
Eleving Group 9 Non-performing loans and provisioning Net vehicle loan Net consumer loan Gross and net NPL portfolio portfolio quality analysis portfolio quality analysis 4.5% 3.9% 2.3% 8.6% Gross NPLs/Gross Portfolio (consumer lending) Net NPLs/Net Portfolio (consumer lending) Gross NPLs/Gross Port
Slide 10: Outlook – Products & Services
Eleving Group Outlook – Products & Services Products & Services Product strategy Processes Maintain organic growth in Vehicle leasing for pre-owned Financing existing markets cars § Further automation of loan issuances and underwriting processes for seamless customer experience and efficient resourc
Slide 11: Appendix
Eleving Group 11 Appendix Table of Focus on sustainability contents Operational structure Corporate brand change Income statement Balance sheet Statement of Cash Flow Glossary
Slide 12: Focus on sustainability
Focus on sustainability Making a positive impact by addressing ESG issues Environment Social Governance Working towards paperless office in Romania, with Women empowerment program in Kenya—subsidising Group-wide Anticorruption policy & Code of Ethics 70% of all contracts already signed digitally in
Slide 13: Operational structure
GROUP VEHICLE CONSUMER FINANCE FINANCE SEBO VEHICLE VEHICLE VEHICLE AFRICA & EASTERN EUROPE CAUCASUS & ASIA ESTONIA TIGO MOGO MOGO MOGO KREDO MOGO MOGO MOGO INSTAFINANCE MOGO MOGO MOGO MOGO MOGO
Slide 14: Corporate brand change from Mogo Finance to Eleving Group
Eleving Group 14 Corporate brand change from Mogo Finance to Eleving Group Outgrown umbrella brand Growing product range Alignment with our approach
Slide 15: Income statement
Eleving Group 15 Income statement Group financials, EUR mln 2018 2019 2020 2021 Interest revenue calculated using the effective interest method 54.4 68.0 83.5 135.3 Interest expense calculated using the effective interest method (14.2) (21.2) (26.1) (28.2) Net interest income 40.2 46.8 57.4 107.1 Fe
Slide 16: Balance sheet
Eleving Group 16 Balance sheet Assets, EUR mln 2018 2019 2020 2021 Equity & Liabilities, EUR mln 2018 2019 2020 2021 ASSETS EQUITY Goodwill 1.7 4.1 6.6 4.2 Share capital - 1.0 1.0 1.0 Internally generated intangible assets 1.9 3.6 5.9 7.8 Retained earnings 15.1 21.4 23.0 28.5 Other intangible assets
Slide 17: Statement of cash flow
Eleving Group 17 Statement of cash flow Cash flows to/from operating activities Cash flows to/from investing activities Profit/(loss) before tax 5.7 6.9 0.9 13.5 Purchase of property, plant and equipment and intangible assets (1.9) (5.4) (4.0) (5.9) Adjustments for: Purchase of rental fleet (1.4) (1
Slide 18: Glossary
Glossary Definitions and Alternative Performance Measures § Average income yield on net loan and used car rent portfolio—the sum of annualized interest revenue calculated using the effective interest method and revenue from rent/average net loan and used car rent portfolio § Average net loan and use
Slide 19: Thank you!
Eleving Thank you! Eleving Group Skanstes street 52 LV-1013 Riga, Latvia www.eleving.com Maris Kreics Group Chief Financial Officer E-mail: maris.kreios@eleving.com www.eleving.com