Qliro Ab · OMXSTO:QLIRO
Qliro Ab — Q2 2023 Earnings Presentation
17 slides from Qliro Ab's earnings presentation, 2023
Slide 1: Q2 2023 Presentation
Q2 2023 PRESENTATION CEO CHRISTOFFER RUTGERSSON CFO ROBERT STAMBRO Qliro 1
Slide 2: Today's Presenters
TODAY’S PRESENTERS Christoffer Rutgersson Robert Stambro CEO CFO Qliro 2
Slide 3: Q2 - Key Business Highlights
Q2 - KEY BUSINESS HIGHLIGHTS Second consecutive profitable quarter as a result of profitability program • Revenues up 12% to SEK 117.7m (105.4), in a declining e-commerce market • Continued strong traction in our profitability program have improved our operational excellence • Operating costs decrea
Slide 4: Continued Growth and Profitability in Q2 2023
CONTINUED GROWTH AND PROFITABILITY IN Q2 2023 Key financial highlights Income development Operating costs excl. IAC • Income growth of 12 percent to SEK 117.7m, driven by +12% -11m 13% growth in Payment Solutions 106,7 110,8 113,7 117,7 105,4 98,2 93,9 90,7 • Svensk Handel’s e-commerce indicator sho
Slide 5: Decreased Cost Base Drove Continued Profitability in Q2
DECREASED COST BASE DROVE CONTINUED PROFITABILITY IN Q2 Comments Cost development excl. IAC • Cost reduced by 11m excl. IAC -11m since last year same period given the successful launch of the 98 94 profitability program 91 22 82 • Despite cost reductions efforts, 23 80 23 investments have been made
Slide 6: Payment Solutions – Q2 Performance [I/II]
PAYMENT SOLUTIONS – Q2 PERFORMANCE [I/II] Share of income 84% Operational KPI’s Financial KPI’s No. of active merchants Total Payments Volume, SEKbn BNPL Volumes, SEKbn Income development, SEKm BNPL is our most profitable part of the Pay Later volumes given that the invoice volumes have limited fees
Slide 7: Payment Solutions – Q2 Performance [II/II]
PAYMENT SOLUTIONS – Q2 PERFORMANCE [II/II] Share of income 84% Comments COMMENTSonON Q2Q1 Performance PERFORMANCE Financial KPI’s Income development, SEKm ✓ Resilience in a declining e-com market – income growth of 13%, 13%, YoY total payments volume declined 2% in a market that declined with 98,7 2
Slide 8: Digital Banking - Stabilising Loan Balance and Increasing Margin
DIGITAL BANKING - STABILISING LOAN BALANCE AND INCREASING MARGIN 16% Share of income Comments COMMENTSonON Q2Q1 Performance PERFORMANCE Financial KPI’s Loan Balance, SEKm Income development, SEKm • Income increased with 3% to SEK 19.0m (18.4) -13%, YoY 3%, • Operating income margin increased to 8.5%
Slide 9: Capital and Liquidity
CAPITAL AND LIQUIDITY Comments Capitalization Financing mix • Increased capital requirements +5,8% given the hike in Sweden of the (135m) Contracyclical buffer requirement 18,2% of 1% 3,0% 4,3% • Capital headroom of 5,8% 14,1% or 135m towards regulatory requirement 12,4% 2,0% • Solid liquidity posit
Slide 10: Deliver a World-Leading Experience for Merchants, and Their Customer Journey
DELIVER A WORLD-LEADING EXPERIENCE FOR MERCHANTS, AND THEIR CUSTOMER JOURNEY CONFIDENTIAL 10
Slide 11: Qliro Strictly Confidential
Qliro Strictly Confidential 11
Slide 12: Qliro Strictly Confidential
Qliro Strictly Confidential 12
Slide 13: Create Value for Merchants
VALUE FOR MERCHANTS 754kr CREATE INCREASE OUR LEADING CHECKOUT UPSELL LOYAL CONVERSION TO IMPROVE ORDER VALUE CONSUMERS Drive back consumers to the merchant to buy again and again CONFIDENTIAL 13
Slide 14: Payment Solutions – Our Strategic Direction
PAYMENT SOLUTIONS – OUR STRATEGIC DIRECTION Qliro QLIROin the past IN THE PAST Qliro going QLIRO GOING forward FORWARD Increase our Leading enterprise Enterprise capabilities SME expansion adressable market capabilities packaged also for SME Build a great Package and capitalize also on Pay Later foc
Slide 15: Looking Ahead
LOOKING AHEAD • Further expansion in both the Enterprise and SME segment of Payment Solutions together with new partnerships • Continued focus on becoming a stronger payment partner by focusing not only on conversion but also upsell features and build loyal/returning consumers to our merchants • Inc
Slide 16: Q&A
Q&A Qliro 16
Slide 17: IR@QLIRO.COM
QLIRO SAFE AND SIMPLE IR@QLIRO.COM