Jefferson Capital, Inc. · NASDAQ:JCAP
Jefferson Capital — Q2 2026 Earnings Presentation
14 slides from Jefferson Capital's earnings presentation, Aug 13, 2026
Slide 1: Second Quarter Financial Results
Second Quarter Financial Results August 13, 2026 © 2020 © 2026 Jefferson Jefferson Capital Capital, Systems, Inc. LLC
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Disclaimer This presentation of Jefferson Capital, Inc. (together with its direct and indirect subsidiaries, “we”, “us”, “our”, “JCAP”, “Jefferson Capital”, or the “Company”) contains forward-looking statements within the meaning of the Private Securities Litiga
Slide 3: 2Q'26 Financial Performance Overview
2Q’26 Financial Performance Overview ✓ Strong collections driven by 2024 and 2025 deployments $301mm Up 18% vs. 2Q’25 ✓ Strong execution on asset class-based growth strategy and attractive market backdrop drive robust $152mm deployment growth Up 21% vs. 2Q’25 ✓ ERC propelled by deployments at attrac
Slide 4: Auto Finance Backdrop: A Growing Opportunity
Auto Finance Backdrop: A Growing Opportunity Rising Vehicle Prices and Financing Needs Have Driven Sustained Growth in Auto Finance Receivables Auto Loan Balance Growth Auto Finance Is the Largest Non-mortgage Consumer Credit Asset Class ($ in trillions) +$339 Bn Post Auto Loans Total: $5.6tr $1.8 P
Slide 5: 2Q'26 Operating Performance Highlights
2Q’26 Operating Performance Highlights Collections Observations ($ in millions) ▪ Collections remain strong propelled by 2024 and 2025 deployments o $41.0 mm of collections for the quarter attributable to the Bluestem portfolio purchase o $24.2 mm attributable to the Conn’s portfolio purchase o Acce
Slide 6: 2Q'26 Estimated Remaining Collections
2Q’26 Estimated Remaining Collections ERC by Geography (1) Observations ($ in millions) ▪ ERC well diversified geographically and between lines of business o U.S. Distressed ERC includes $218.2 mm related to the Bluestem portfolio purchase and $83.1 mm related to the Conn’s portfolio purchase $3,364
Slide 7: Best-in-Class Operating Efficiency Drives Strong Profitability
Best-in-Class Operating Efficiency Drives Strong Profitability Cash Efficiency Ratio(1) Observations ▪ Relentless focus on operating efficiency core to the JCAP return proposition o Own high value-add aspects of the purchasing and collection process that create competitive advantages o Outsource com
Slide 8: Detailed Financial Performance and Comparison vs. 2Q'25
Detailed Financial Performance and Comparison vs. 2Q’25 Key Financial Metrics Observations ▪ Strong revenue growth supported by deployments at ($ in millions, except EPS) Q2’26 Vs. Q2’25 attractive yields Revenues $ 177.5 16% ▪ Expenses growing to support significant growth in collections, but remai
Slide 9: 2Q'26 Leverage and Funding Structure Overview
2Q’26 Leverage and Funding Structure Overview Net Debt / Adjusted Cash EBITDA(1) Observations ▪ JCAP seeks to operate the business long term within a range of 2.0 - 2.5x Net Debt / Adjusted Cash EBITDA o Leverage remains significantly lower than publicly traded peers ▪ Robust funding structure provi
Slide 10: Capital Allocation Framework
Capital Allocation Framework Portfolio • Continue to deploy capital at attractive risk adjusted returns Growth • Maintain leverage in the 2.0-2.5x range on a sustained basis • Quarterly dividend of $0.24 per share, payable on September 3 to Quarterly shareholders of record as of August 24 Dividend •
Slide 11: Appendix
Tab Appendix © 2020 © 2026 Jefferson Jefferson Capital Capital, Systems, Inc. LLC
Slide 12: Calculation of Quarterly Cash Efficiency Ratio
Calculation of Quarterly Cash Efficiency Ratio ($ in Millions) Three Months Ended Jun'30 Sep'30 Dec'31 Mar'31 Jun'30 2025 2025 2025 2026 2026 Collections $ 255.7 $ 236.8 $ 245.3 $ 309.9 $ 300.9 Credit card revenue 1.8 1.8 1.7 1.7 1.6 Servicing revenue 10.5 9.4 9.1 10.0 10.7 Cash Receipts (A) $ 268.0
Slide 13: Reconciliation of Adjusted Pre-tax Income and Adjusted Net Income
Reconciliation of Adjusted Pre-tax Income and Adjusted Net Income, Calculation of Adjusted Pre-tax ROAE, and Calculation of Adjusted EPS ($ in Millions) Three Months Ended Jun'30 Sep'30 Dec'31 Mar'31 Jun'30 2025 2025 2025 2026 2026 Pre-tax income $ 61.9 $ 45.5 $ 44.1 $ 51.1 $ 53.3 Foreign exchange a
Slide 14: Calculation of Quarterly Leverage
Calculation of Quarterly Leverage ($ in Millions) Trailing Twelve Months Ended Mar'31 Jun'30 Sep'30 Dec. 31, Mar. 31, June 30, 2025 2025 2025 2025 2026 2026 Net cash provided by operating activities $ 184.5 $ 295.1 $ 270.9 $ 268.8 $ 256.8 $ 221.2 Changes in prepaid expenses 13.0 11.1 (13.8) (0.5) (7