Qliro Ab · OMXSTO:QLIRO
Qliro Ab — Q1 2021 Earnings Presentation
19 slides from Qliro Ab's earnings presentation, May 11, 2021
Slide 1: Qliro Q1 2021 presentation
Qliro Q1 2021 presentation CEO Carolina Brandtman and CFO Robert Stambro 11 May 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: Q1 Financial Highlights
27% IMPROVED Q1 OPERATING PROFIT GROWTH IN PAD VOLUME FINANCIAL HIGHLIGHTS STABLE INCOME AND COST LOWER CREDIT LOSSES 3
Slide 4: Strong underlying e-com and growing merchant base increase volumes
Strong underlying e-com and growing merchant base increase volumes Share of PAD volume, merchants outside previous Qliro Group Breakdown PAD volume growth Q1 2021, MSEK +27% Y/Y 63% +35% Y/Y 51% Q1 2020 Q1 2021 "External" merchants New merchants live Churn and change Total live bef. Q2 2021 L12M vol
Slide 5: Q1 Highlights: Strengthened offering in the Nordics
Strengthened offering in the Nordics Q1 ⚫ Strengthened checkout outside of Sweden with integration of the popular payment methods MobilePay (DK) and Vipps (NO) ⚫ Roll out of updated digital consumer platforms in the Nordic countries finished HIGHLIGHTS High profiled merchant signed to accelerate wit
Slide 6: Q1 Highlights: Lifestyle Profile – Next step in our sustainability journey
Lifestyle Profile – Next step in our sustainability journey ⚫ As with Retursmart the service Lifestyle Profile was co-created with Deedster, a tech and data driven company focused on inspiring consumers to make more sustainable choices ⚫ Lifestyle profile is a unique solution combining answers from
Slide 7: Q1 Highlights: 2nd most downloaded financial App in 2020
2nd most downloaded financial App in 2020 after Swish* - One year with the new App! Q1 HIGHLIGHTS 4.4 iOS rating in App-store 8.3 m App Loggins L12m Q1 2021 +44% App logins L12m Q1 2021 *) Reference: Sifted & App Annie 7
Slide 8: Building relationships with millions of consumers
Building relationships with millions of consumers Large and growing database of active consumers… …with strong customer interaction Active consumers (million)1) Number of web and app logins per quarter in Sweden (million) 5 million unique 2.5 million active 2.4 million mobile app logins 27% Y-o-Y gr
Slide 9: 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 10: Active notifications and simple post checkout experience key to satisfaction in PAD
Active notifications together with a simple and clear post checkout experience are key to reach high customer satisfaction in PAD The invoice has evolved from a paper you send when a purchase has been activated to a complete digital experience. In Qliro’s digital platforms the consumer can manage th
Slide 11: Financials
QI FINANCIALS QLIRO
Slide 12: Improved profit due to lower loan losses
Improved profit due to lower loan losses Comments Qliro income statement • Solid underlying business SEKm Q1 2021 Q1 2020 Change Q/Q momentum with increased lending and Net interest income 53,9 49,3 +9% payment volumes Net commission income 41,5 45,3 -8% Other income 2,2 1,9 +19% • Timing, improved
Slide 13: Payment solutions – lower income margin and lower losses
Payment solutions – lower income margin and lower losses Comments Key figures • Strong volume and transaction SEKm Q1 21 Q1 20 Change Y/Y development Total operating income 80,6 82,6 -2% Loan losses -20,7 -24,2 -14% • Earlier peak of volumes in Q4 Income after loan losses 59,9 58,4 +3% 2020 compared
Slide 14: Digital banking services – performance
Digital banking services – performance Comments Key figures • Solid financial performance SEKm Q1 21 Q1 20 Change Y/Y Total operating income 17.1 13.8 +24% Loan losses 4,0 -5.4 N/A • Stricter underwriting and dampened demand since Covid-19. Stable growth Income after losses 21.1 8.5 +150% levels sin
Slide 15: Stable cost development although higher volumes
Stable cost development although higher volumes Comments Cost development, SEKm Opex excl. D&A D&A 1% growth Y/Y • Stable cost level maintained 1) 91 85 83 83 86 • Seasonally higher cost in Q4 driven by 22 22 21 21 23 variable costs but also to some extent costs of becoming public 63 62 62 69 63 • W
Slide 16: Stable credit performance
Stable 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 2,0 • Stable PAD credit performanc
Slide 17: Well capitalised for continued growth
Well capitalised for continued growth Comments Capitalisation, % Funding split • Stable capital ratios in the quarter 26.6% SEKm and capital base ~ 320 MSEK larger 4,5% than total regulatory requirement 129100 588 • Somewhat lowered deposit rate during the quarter 12.0% 2,3% 22.1% 1,7% • Continued s
Slide 18: Next steps
Continue to strengthen our position as no 1challenger for larger and mid-sized merchants in the Nordics by organic growth of the merchant base Next Potential for add-on acquisitions to strengthen offering or accelerate growth steps Ambition: Grow income faster than cost Q2 report: 20th of July 18
Slide 19: Qliro
QLIRO