Eleving Group · OMXRSE:ELEVR
Eleving — 6M 2021 Earnings Presentation
19 slides from Eleving's earnings presentation, August 2021
Slide 1: Earnings Call Presentation 6 months 2021
Earnings Call Presentation 6 months 2021
Slide 2: Disclaimer
Eleving Group Disclaimer The information contained in this presentation has been prepared by Eleving Group, a public company limited by shares (société anonyme) duly incorporated and validly existing under the laws of the Grand- Duchy of Luxembourg, having its registered office at 8-10 Avenue de la
Slide 3: Presenters
Eleving Group Presenters Modestas Sudnius Chief Executive Officer At Eleving Group since 2013 Started as a country manager for Lithuania, where established successful operations. In January 2018, was promoted to the post of a regional CEO for the Group core markets in Latvia, Lithuania, Estonia, Geo
Slide 4: Operational highlights
Eleving Group Operational highlights Record profitability driven by the historically highest loan issuances and consistent financial performance Revenue, min €* Record-breaking performance in Q2 driven by: - significant loan issuance: EUR 77 min - strong g-0-q portfolio growth by 4.9% (EUR 11.3 min)
Slide 5: Financial highlights
Eleving Group Financial highlights Record profitability driven by the historically highest loan issuances and consistent financial performance EBITDA, min €* Capitalisation ratio 376 Record profitability characterized by: 31.5 311 82 24.2% + record-high 6M EBITDA - EUR 282 18,4% 18.5% min (6M 2020:
Slide 6: Financial highlights
oving Group 6 Financial highlights Financial results speak of a sturdy performance Revenue, min €' EBITDA, min €2 Net profit before FX effect, min €3 98,3 14,3 80,0 718 37,6 aS aul 76 6 46 | |_| a a 2019 2020 ‘6M 2020 6M 2021 2019 2020 6M 2020 6M 2021 2019 2020 6M 2020 6M 2021 Interest coverage rati
Slide 7: Assets & Liabilities
Eleving Group Assets & Liabilities Sustained growth in assets Assets and Equity, min € Liabilities, min € Most of total assets are 2912 2798 comprised of net loan Group considers a range of Eurobond ox portfolio, used car rent refinance opportunities during the 250 : portfolio, and cash second half
Slide 8: Diversified Loan Portfolio
Eleving Group Diversified Loan Portfolio Product diversification and loan portfolio optimisation Net loan and used car rent portfolio by region, min € As at 30.06.2021 57,9 48.8 442 a7 216 L = Baltics Eastern Europe © Consumer Finance — Africa and Asia Caucasus Markets on hold Baltic: Latvia, Lthuan
Slide 9: Non-performing loans and provisioning
Eleving Group Non-performing loans and provisioning Continuously improving portfolio quality Net vehicle loan Net consumer loan Gross and net NPL portfolio portfolio quality analysis portfolio quality analysis 35% 30% 25% 20% 16% 10% 8% 0% As at 30.06.2021 As at 30.06.2021 2019Q2 20193 2019.Q4_- 202
Slide 10: Outlook for 2021
Eleving Group 10 Outlook for 2021 eo. | @ Business & Product Development 4 Capital management . continuous improvement in financial covenants - Products Processes IOR and Capitalization Ratio Vehicle finance: In European markets - become the leading mobility platform Further digitalization across or
Slide 11: Appendix
Eleving Group Appendix Table of contents Corporate brand change Premium car financing business case Operational structure Income statement Balance sheet Statement of Cash Flow
Slide 12: Corporate brand change
Eleving Group 2 Corporate brand change from Mogo Finance to Eleving Group ri4 Outgrown umbrella brand Growing product range Alignment with our approach What once was a one-brand company focused on The product range has grown and evolved into a Arevised mission that incorporates sustainability car fi
Slide 13: Mogo/Eleving Primero product/platform
Mogo/Eleving Bank Primero product/platform
Slide 14: Group operational structure
GROUP VEHICLE CONSUMER FINANCE FINANCE VEHICLE VEHICLE VEHICLE AFRICA & EASTERN EUROPE CAUCASUS & ASIA ESTONIA
Slide 15: Income statement
Eleving Group Income statement cf Interest revenue calculated using the effective interest method Interest expense calculated using the effective interest method (26) (210) (26.1) 128) cag) Not interest income a8 87 574 26.3 48.0 Fee and commission income 36 33 82 wv 37 Revenue from rent 02 40 62 30
Slide 16: Balance sheet
Eleving Group Balance sheet ASSETS EQUITY Goodwill Ww 4.0 68 66 Share capital 0.0 1.0 1.0 1.0 Internally generated intangible assets 19 36 59 73 Retained earnings 161 au 29 303 ther intangible assets - - 23 22 Foreign currency translation reserve (0) (08) 23) ag) Loans and lease receivables and rent
Slide 17: Statement of cash flow
Eleving Group Statement of cash flow Cash flows to/from operating activities Cash flows to/from investing activities Purchase of property, plant and equipment and Profit(loss) before tax 57 66 09 (46) 102 Adjustments for: ‘Amortization and depreciation 18 a7 87 39 36 Interest expense 126 216 261 128
Slide 18: Definitions and Alternative Performance Measures
Definitions and Alternative Performance Measures Average income yield on net loan and used car rent portfolio - 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 used car rent po
Slide 19: Thank you!
Eleving Thank you! Eleving Group Investor Relations Maris Kreics Skanstes street 52 Agita Baltbarde: Skanstes street 52 Group Chief Financial Officer LV-1013 Riga, Latvia Group Chief Corporate Affe and LV-1013 Riga, Latvia E-mail: maris.kreics@eleving.com www.eleving.com Investor Relations Officer w