B2 Impact Asa · OSL:B2I
B2 Impact Asa — DNB Carnegie Debt Collection Conference 2026
30 slides from B2 Impact Asa's conference presentation, Sep 22, 2026
Slide 1: B2 Impact ASA
B2 Impact ASA DNB Carnegie Debt Collection Conference 22 September 2026
Slide 2: Agenda
Agenda 1. Company overview 2. Financial performance 3. Appendix 2 B2 Impact Impact DNB Carnegie Debt Collection Conference
Slide 3: Today's presenters
Today’s presenters Trond Kristian Andreassen André Adolfsen Chief Executive Officer Chief Financial Officer 3 B2 Impact DNB Carnegie Debt Collection Conference
Slide 4: Company overview
Company overview 4 B2 Impact Impact DNB Carnegie Debt Collection Conference
Slide 5: Creating value for both customers and financial institutions
Creating value for both customers and financial institutions Customers reintegrated to the financial ecosystem Bridging gaps in the financial ecosystem through technology- FINANCIAL CUSTOMERS Technology & Data enabled debt resolution INSTITUTIONS • Self-service • AI tools By combining technology, •
Slide 6: Unique balance of growth and low leverage
Unique balance of growth and low leverage Proven upside in ERC Highly scalable cost base Low leverage ratio Prudent investment approach with low volume risk Investment growth funded by operational cash flow 6 B2 Impact DNB Carnegie Debt Collection Conference
Slide 7: Company overview – leading European debt purchaser
Company overview – leading European debt purchaser Key financials1 T T Total ERC as of Q2’26 B2 Impact Markets ll o Q2 26 Q2 2 s Head office, Norway as o e t ons e red e en es pe NOK 28.9bn T T pp et pro t nse red as re en e as T Total reve ue T Q2’26 as ar n pp t er re en e er n pp NOK ty rat o pp
Slide 8: Business overview
Business overview Total of total ouse utsour e r art se ure e ure ERC ERC vest e ts olle t o s olle t o s serv ola 2 ort er Euro e 2 6 2 n and eden or ay at s en ar ester Euro e 2 pa n ran e ta y out Easter Euro e 6 6 ree e o an a ypr s Ce tral Euro e 2 roat a e ep o en a er a osn a er e o na Total
Slide 9: Investments ahead of plan
Investments ahead of plan • NOK 3.1bn invested and committed Investment focus • Early deployment drives EPS growth • Expect to invest at least NOK 4bn for 2026 • Unsecured ERC growth of 16% LTM Total ERC Q2’2 Total ERC Q2’26 e red e red NOK NOK 26.0bn 28.9bn nse red nse red 9 B2 Impact DNB Carnegie
Slide 10: Significantly improved efficiency
Significantly improved efficiency • Continued focus on efficiency through collection strategy improvements and accelerated use of AI tools • Unsecured collection performance of 117% • 26% increase in unsecured collections per FTE year-over-year 1 nse red o e t on per or an e T s nse red o e t ons pe
Slide 11: Financial targets 2026
Financial targets 2026 EPS ROE INVESTMENTS NOK 2.25 ~16% NOK >4bn +18% vs LY +4pp vs LY +8% vs LY KEY DRIVERS Sustainable strong collection performance Unsecured ERC growth Unsecured collection performance 116% YTD 22% increase in constant FX year-over-year Interest cost reduction Cost scalability I
Slide 12: Financial performance
Financial performance 12 B2 Impact Impact DNB Carnegie Debt Collection Conference
Slide 13: Investment growth supported by operational cash flow
Investment growth supported by operational cash flow Growth and leverage Unsecured collections NOKm ort o o n est ents as T e era e rat o NOKm er or an e o e t ons T Q T Q 13 B2 Impact DNB Carnegie Debt Collection Conference
Slide 14: Collection Performance excl. JVs
Collection Performance excl. JVs Unsecured collection performance REO sales T Q T Q o e t on er or an e oo a e a es pro eeds Secured collections • Notable improvement in unsecured collection effectiveness • Unsecured performance of 117% last quarter • Strong cash flow from secured collections – REO
Slide 15: Stable opex and increased scalability
Stable opex and increased scalability Cash revenue1 Operating expenses1,2 • Continued growth in unsecured collections • Underlying Opex / Cash revenue trending down T Q Q o e t ons nse red e red as sa es t er as re en es as ro s pe as re en e terna e penses ersonne e penses t er e penses Numbers in
Slide 16: Strong cash flow supports low leverage and investment growth
Strong cash flow supports low leverage and investment growth Cas flow T Q2’26 Dividends per share1 (NOK) NOKm 6 2 as T ort o o t er ree as o nan a s ta as arn n s n est ents 16 B2 Impact DNB Carnegie Debt Collection Conference 1) Dividend paid out the following year. Forward looking assumes 100% EPS
Slide 17: Portfolio investments and Estimated Remaining Collections (ERC)
Portfolio investments and Estimated Remaining Collections (ERC) Portfolio investments Investment growth Geographical distribution Asset class distribution o nse red NOK NOK 12.9bn 12.9bn nse red or ard o e red Total ERC1 as of Q2’26 Geographical distribution Asset class distribution s e red o NOK NO
Slide 18: Unsecured ERC growth providing long term stability in collections
Unsecured ERC growth providing long term stability in collections Forwar 2 ERC Q2’26 o are to Q2’2 1 Total ERC growth NOKm, constant FX Q Q NOKm, constant FX s se red nse red Q Q 18 B2 Impact DNB Carnegie Debt Collection Conference 1) Does not include sale of REOs, over-performance on unsecured and
Slide 19: Refinancing at significantly improved terms and secure long-term funding
Refinancing at significantly improved terms and secure long-term funding • Refinancing reduce interest cost Debt maturity profile (EURm) – New Bond of EUR 150m1 t sed tstand n onds n t sed – Renegotiated RCF reduced to EUR 510m at improved terms o 3-year duration + 2-year extension option E+3.90% i+
Slide 20: Increased financial targets for 2026
Increased financial targets for 2026 EPS ROE 2pp Tar et Tar et Portfolio investments Strong total shareholder returns > – High dividend payout – Attractive ROE in combination with strong equity ratio – Prudent risk profile with low leverage ratio – Accelerated cash flows support higher investments i
Slide 21: Appendix
Appendix 21 B2 Impact Impact DNB Carnegie Debt Collection Conference
Slide 22: Q2 highlights
Q2 highlights ✓ Unsecured collection performance of 117% ✓ 10% cash collection growth with stable opex ✓ NOK 3.1bn invested and committed as of today ✓ Strong REO sales supporting higher investments ✓ EPS growth ahead of target ✓ Increased financial targets for 2026 22 B2 Impact DNB Carnegie Debt Co
Slide 23: Experienced management team and streamlined organization
Experienced management team and streamlined organization Trond Kristian Andreassen CEO André Adolfsen Alf Ph. Bjercke Adam Parfiniewicz George Christoforou Jan Hellinx Chief Financial Officer Interim Chief Investment Chief Operating Officer Chief Secured Asset Chief Legal Officer Officer Management
Slide 24: Board members with strong industry experience
Board members with strong industry experience Ole Grøterud Chair of the Board New board members Ellen Hanetho Adele Bugge Norman Pran Henrik Wennerholm Rafaël Biosse Duplan 24 B2 Impact DNB Carnegie Debt Collection Conference
Slide 25: Quarterly trends
Quarterly trends 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 26 2 26 ll o Q Q2 Q Q Q Q2 Q Q Q Q2 as o e t ons e en es dj T dj T T dj et pro t as re en e as T as ar n o e t ons ort sat on o o n port o os ort o o n est ents dj dj T 25 B2 Impact DNB Carnegie Debt Collection Conference 1) n des t e ro p’s s are o
Slide 26: Portfolio diversification
Portfolio diversification1 se ure ear ERC 2 6 2 ERC Total ERC o and Total 2 2 2 2 2 6 6 22 2 26 2 ear e ure ERC 2 6 2 ERC Total ERC o and Total 6 6 2 22 6 6 Total 2 26 2 6 2 6 2 2 2 2 26 B2 Impact DNB Carnegie Debt Collection Conference n dn t e ro p’s s are o port o os a red and e d n s and jo nt e
Slide 27: Share price development
Share price development Public listing Top 20 shareholders1 • The shares were listed on NOTC, the Norwegian Over-The-Counter Market in # Shareholder No. of shares Percentage December 2014 1 Nevedal Invest AS 63,740,738 17.19% • In June 2016, the company listed on the Oslo Børs at a price of NOK 12.0
Slide 28: Definitions
Definitions Actualisation Cash revenue The difference between actual and forecasted collections for purchased loan portfolios for the reporting period. Consists of revenue added back Amortisation and Revaluation of purchased loan portfolios and Cost of assets sold and Adjusted EBIT (Adj. EBIT) adjus
Slide 29: Definitions cont'd
e n t ons ont’d Operating expenses (Opex) Other cash revenues Consists of external expenses of services provided, personnel expenses and other operating expenses. Consist of Other revenues added back Cost of assets sold Net debt Other revenues Consists of nominal value of interest-bearing loans and
Slide 30: b2-impact.com
b2-impact.com IR contact Rasmus Hansson Head of Investor Relations and M&A +47 952 55 842 rasmus.hansson@b2-impact.com B2 Impact Cort Adelers gate 30, 7th floor 0254 Oslo, Norway +47 22 83 39 50 post@b2-impact.com
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