Blender Financial Technologies Ltd. · TASE:BLND
Blender Financial Technologies — H1 2021 Earnings Presentation
30 slides from Blender Financial Technologies's earnings presentation, Aug 18, 2021
Slide 1: Blender Financial Technologies Ltd.
Blender Financial Technologies Ltd. Aug 2021 Page 1
Slide 2: Legal Disclaimer
Legal Disclaimer This is an English translation of a Hebrew Immediate Report that was published on August 18, 2021 (reference no.: 2021-01-134262 ) (hereafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force.
Slide 3: Blender
Blender A global Fintech company providing innovative credit and financing solutions to thousands of customers, customized to meet their preferences and needs The bankers of tomorrow are not bankers at all. The bankers of tomorrow are technologists who facilitate banking experiences your customers w
Slide 4: Areas of Activity
Areas of Activity BLENDER BANK BLENDER LOANS BLENDER CAR BLENDER PAY In the process of Loans for every Quick and easy Installment buying requesting a license purpose Auto loans with non-bank credit at points of sale Page 4
Slide 5: Blender – Company Snapshot
Blender – Company Snapshot 2014 Areas of Expertise Public Company (BLND @TASE) Founded - BNPL (Buy Now Pay Later) IPO - January 2021 - Auto Loans Total Funds Raised - NIS 80.5 million Licenses Tech Lending Platform 75 employees - Authorization for ongoing extended - 100% digital In Israel and abroad
Slide 6: Blender – Company Snapshot
Blender – Company Snapshot Stakeholder holdings Institutional and public 42.93% 4 Countries NIS 397 million holdings 57.07% Israel, Lithuania, Latvia, and Loan portfolio balance* Poland (in establishment phase) NIS 790 million NIS 17.5 million Total funds lent* Gross revenues H1 2021** 41,000 Paying
Slide 7: Group Management
Group Management Doron Aviv Dr. Gal Aviv Boaz Aviv Barak Gur Founder, Controlling Shareholder, CEO Founder, Controlling Shareholder, Deputy CEO Founder, Deputy CEO, Chairman of the Board, Controlling Board Member Chief Technology Officer and Board Member Chief Product Officer, Board Member Sharehold
Slide 8: Our Team
Our Team Anna Ettedgui Paulius Tamosaitis Saulius Gelzinis Head of Funding Director of Baltic Operations CFO of Baltic Operations Over 15 years of international experience in corporate development Over 15 years of experience in banking Over 20 years of experience in banking and finance. and structur
Slide 9: Significant Growth in the Company’s Operations
Significant Growth in the Company’s Operations Growth of 27% in total Expansion of “Blender financed loans Pay” Activity ✓ Increasing deployment to over ✓ NIS 124 million in loans financed 1,148 points of sale in H1 2021, compared with NIS ✓ Assimilating activities on e- 98 million in the correspond
Slide 10: Significant Growth in the Company’s Operations
Significant Growth in the Company’s Operations 67% 11% 27% growth in total loans in Europe growth in credit portfolio balance increase in the total amount Compared with December 2020 of financed loans 19% 73% 43% increase in gross accounting significant reduction in expenses increase in net accounti
Slide 11: Significant Growth in Company Activity
Significant Growth in Company Activity 900 **₪ מיליוניof Development -האשראי התפתחות תיק credit portfolio – NIS million** 13% change in gross median versus median income* 790 800 731 17,523 700 666 698 617 651 15,472 600 565 519 593 547 500 468 502 409 458 400 354 415 10,020 304 366 300 250 31
Slide 12: Significant Growth in Europe
Significant Growth in Europe 67% Growth in Total Financed Loans in Half-Year – 92 Compared to Equivalent Period Previous Year 79 74 70 64 61 53 43 37 31 23 16 12 8 2 3 4 1 Page 12
Slide 13: 2021 – Year of Growth and Expansion
2021 – Year of Growth and Expansion In 2019‒2020, the company strengthened its technological capabilities, leading to new product development and transforming it into a global Fintech company specializing in digital consumer credit. Activity Execution Date Launching operations in Poland 2021 Raised
Slide 14: BLENDER BANK
BLENDER BANK Europe-wide Focus on credit Digital bank with activity under activities no branches* one license* Deposit insurance Source of credit Deposit management up to 100,000 € per Use of deposits as a source customer** of credit in Europe * Blender is in the process of applying for a European l
Slide 15: BLENDER PAY
BLENDER PAY BUY NOW PAY LATER (BNPL) Technology for Broad deployment of Fast, safe, and simple enabling wide-ranging 1,148 points of sale that technological solution instalments payments utilize Blender Pay as a for Checkout Credit on through fast, non- payment method* e-commerce platforms banking c
Slide 16: Over the last year, Blender installed ‘Blender Pay’ at hundreds of points of sale
Over the last year, Blender installed ‘Blender Pay’ at hundreds of points of sale in a variety of sectors and becoming a market leader. The Company is working to expand the ‘Blender Pay’ community. BNPL- Growth 1400 1200 1148 26% 1000 967 860 800 743 670 Increase in sale points 600 538 H1 2021 vs. H
Slide 17: BLENDER CAR
BLENDER CAR Auto Loans Technology that enables Wide selection of car lots Wide payment financing for car purchases with using Blender Car instalment spread – up a wide range of instalment Lender Car to 60 months schedules, through quick, non- banking credit Transaction authorisation Convenient and e
Slide 18: Blender Europe
Blender Europe (Digital Banking Sector) Page 18
Slide 19: Strategic Expansion in Europe
Strategic Expansion in Europe ▪ Providing direct credit for second-hand vehicles in Lithuania and Latvia ▪ Raising a third line of credit from a leading institutional European investor Current (Eiffel Investment Group) Operation ▪ Engaging with leading investment advisor to acquire synergistic strat
Slide 20: Development of European Activity
Development of European Activity Development of Credit Portfolio Digital Banking Sector Revenue Total loans made available, in NIS million According to sector activity descriptions 19% + growth in gross revenue Increase of 67% in total financed loans – compared to same period 3,500 100 of previous y
Slide 21: Blender Israel
Blender Israel Page 21
Slide 22: Operations Expansion in Israel
Operations Expansion in Israel Current Activity in ▪ Credit brokerage - loans between people Israel ▪ Focus on car and product purchase credit (Blender Pay, Blender Car) ✓ Collaborating with banks and financial institutions ✓ Raising credit from institutional investors and banks to Growth significan
Slide 23: Credit Brokerage
Credit Brokerage Development of Credit Portfolio Credit Brokerage Sector Half-Year Income Total loans made available, NIS million, non-GAAP According to activity sector commentary 22% + gross accounting revenue Growth of 22% in total financed loans – compared to same period last year 16,000 14,327 8
Slide 24: Growth Strategy
~ oN) oD) + a) hen + Wr a re = =) hn ©
Slide 25: Blender Israel
Blender Israel Expansion in BNPL points of sale Raising funds from Obtaining an Recognition the automotive credit expansion banks and financial extended license for of interest sector institutions providing credit income Page 25
Slide 26: Blender Europe
Blender Europe Digital bank Expanding into Expanding Acquisition of additional European existing complementary countries operations businesses to generate synergies Page 26
Slide 27: Financial Data
COT) CTD TUE CTT TTT Financial Data
Slide 28: Blender Financial Data
To 31 December 2020 2020 To 30 June 2021 Blender Financial Data Cash and cash equivalent Summary of Balance Sheet 11,084 10,287 75,552 (in NIS thousand) Loans to customers, net 41,102 40,179 51,163 Other assets 11,924 3,537 10,577 Total assets 64,110 54,003 137,292 Loans from credit lenders 44,327 4
Slide 29: Blender Financial Data
For year ending on Blender Financial Data For six months ending on 30 June 2020 31 December Summary of Profit and Loss 2020 2020 2021 Statement (in NIS thousand) Revenue from fees 10,588 5,208 6,748 Revenue from interest 4,159 1,906 1,859 Total income, gross 14,747 7,114 8,607 Expenses for credit lo
Slide 30: THANK YOU
THANK YOU Page 30
Blender Financial Technologies — H1 2021 Earnings Presentation on 6ix