Slide 1: Interim Report April — June 2025
25 July 2025 Interim Report April — June 2025 Andrés Rubio, President & CEO J intrum
Slide 2: Today’s presenters
Today’s presenters Johan Akerblom CFO Andrés Rubio President & CEO intrum
Slide 3: Second quarter 2025 highlights
Second quarter 2025 highlights Recapitalisation completed and continued positive trajectory in profitability Group development + EBIT increased 29% to SEK 1,326 M (1,025), driven by strong improvements in Servicing + Net income attributable to parent company's shareholders increased to SEK 324 M (-1
Slide 4: Group Performance: Strong results in profitability and collections, recapitalisation completed
Group Performance: Strong results in profitability and collections, recapitalisation completed 24% Vs 17% adj. EBIT margin in the quarter Strong Servicing momentum to continue with 23% RTM adj. EBIT margin vs 16% in Q2 2024 6% lower cost income ratio vs Q2 2024 Continued high focus on reducing cost
Slide 5: Macro trends continue to support demand for credit management services
Macro trends continue to support demand for credit management services Costs for consumer credit remain elevated Similar level as peak in 2008! Consumer confidence on a negative trend As uncertainty is on the rise? intrum EUR ~400 bn Stage 3 loans among EU/EEA banks Corresponding to 2.2% of EU’s tot
Slide 6: Servicing: Continued profitability momentum with strong margin development
Servicing: Continued profitability momentum with strong margin development Income and adj. EBIT Margin for Servicing! HB RTM adj. income == RTM adj. EBIT margin 14,571 23% CAGR * RTM adj. income down 4% vs Q2 2024 20% 18% Adj. EBIT margin up 7 ppt 15355 from 17% to 24% and RTM up 10% 7 ppt from 16%
Slide 7: Servicing: Improve top-line development
Servicing: Improve top-line development Further strengthening our Commercial teams * Successful implementation of . . measures to increase Dedicated effort to strengthen our Sales and Commercial teams profitability in Servicing oops ge + Shift in focus to increase Targeted growth initiatives income
Slide 8: Notes: Performance index does not include JV’s
• • • • Notes: 1 Performance index does not include JV’s
Slide 9: A critical part of the financial ecosystem, helping millions on the path to recovery
A critical part of the financial ecosystem, helping millions on the path to recovery How many individuals have we helped? 4.5M individuals became debt free with Intrum in the last 12 months. We care deeply about our customers as we help them reintegrate back into the financial system What do our cus
Slide 10: Operations: acceleration of technology roll out
Operations: acceleration of technology roll out Ophelos - Market launches and progress Genesys Cloud — Modern call-center platform * Portugal and Italy added to the platform with early results * Genesys Cloud promote customer self-service looking promising . ; * Replace, automate and optimise all cu
Slide 11: Financials
v — inancia F intrum
Slide 12: Preliminary financial impact from recapitalisation
Preliminary financial impact from recapitalisation SEK bn! Debt derecognition (haircut 10%) 3.5 Fair value gain debt derecognition TBD Total gains TBD Equity issued? -0.9 Transaction costs -2.1 Total losses -3.0 z 4 1 Estimated figures and can be updated in coming periods as FX can impact and fair v
Slide 13: Group key financials: Another solid quarter
Group key financials: Another solid quarter Net Debt te ti SEKM Q22025 Q22024 Change% RTM FY 2024 = Net Debt m Cash EBITDA overage ratio Income 4206 4,606 9 17,478 18,033 6 48 Total costs -3,058 -3,651 16 -15,093 16,528 . EBIT 1,326 1,025 29 2,800 1,941 Net income (loss) parent company 324 1,334 nm.
Slide 14: Decrease in cost run-rate continues
Decrease in cost run-rate continues Total Adjusted Cost, bn SEK + Absolute costs significantly down from its RTM peak in Q1 2024 driven by extensive focus on cost in 2 waves of cost programs and a 14.8 continuous focus on operational efficiencies + Adj. costs 16% lower Q2 2025 versus Q2 2024 12.9 *
Slide 15: Servicing: Adj. EBIT margin continue to improve
Servicing: Adj. EBIT margin continue to improve Adjusted EBIT External income 2,979 3,201 12,383 12,671 —RrR™ Internal income 422 448 3 1,640 1,702 Total income 3,400 3,649 7 14,023 14,373 3,291 Total costs -2,617 -3,120 -16 -12,401 13,523 EBIT 798 545 46 1,666 887 Items affecting comparability 39 7
Slide 16: Investing: Collection well above forecast
Investing: Collection well above forecast SEKM Q22025 Q22024 Change % RTM FY 2024 Cash EBITDA Income 1,222 1,396 12 5,065 5,324 — Index vs. active forecast Total costs -608 72) -16 -2,668 2,829 106 Share of Associates and JV 161 47 239 465 480 103 102 EBIT 77 730 6 2,769 2,897 Items affecting compar
Slide 17: Net debt development and underwriting IRRs
Net debt development and underwriting IRRs Net debt development, SEK bn 2.3 os [i 46.1 -& 24 02 a1 7 ai25! Cash flow Finance Net Investing FX 225 Underwriting returns vs funding costs (RTM) 20.5% 4.1x 8.0% Cost of funds 4.0% - |= Q2 Q3 Q4] Ql 20.0% Unlevered underwriting IRR 16.0% 12.0% Q2 Q3 Q4] Qi
Slide 18: Maturity profile has improved
Maturity profile has improved Current maturity profile, SEK bn 13.5 22.2 9.2 LI . 2025 2026 2027 2028 2029 MEURbond =SEKMTN PP m@RCF utilised mUnutilisedRCF mTermloan Updated maturity profile post restructuring, SEK bn 12.5 20.5 8.3 1.0 0.0 L — 2025 2026 2027 2028 2029 uTermloan mExchangenotes mNewM
Slide 19: Financial targets: Progress since CMD in September 2023
Financial targets: Progress since CMD in September 2023 Starting point (Q2 2023 RTM) SEK 106 bn SEK A br asx Q2 2025 7% CAGR 2026 Target ~10% SEK . >25% 3.5x CAGR ~30bn External Servicing adjusted Total Servicing adjusted Proprietary Investing book L P A 3 4 everage ratio income growth EBIT margin v
Slide 20: Final remarks
Slide 21: Second quarter summary
Second quarter summary Recapitalisation Acceleration of transaction Highest EBIT since technology rollout implemented, : improved capital 2022 across operations progressing structure Positive Servicing margin development for fifth quarter ina row Investing collections continue to beat forecast intru
Slide 22: Q&A
Q&A intrum
Slide 23: Appendix
Appendix intrum
Slide 24: Table of content
Table of content Outstanding interest rate bearing debt Pro forma portfolio investments and ROI Current MoM Estimated Remaining Collections (ERC) Portfolio joint ventures Unsecured portfolio vintages NOaAPRWNN > Financial calendar intrum 24
Slide 25: 1. Outstanding interest rate bearing debt
1. Outstanding interest rate bearing debt * Key Bond and RCF restrictions: + Fixed Charges Coverage Ratio >2x Drawn Super Senior Leverage <2x + Bonds restrict super senior leverage to the higher of EUR 1.1 bn or 35% of 84m consolidated ERC + The weighted average maturity of the debt is 13 months, an
Slide 26: 2. Pro forma portfolio investments and ROI
2. Pro forma portfolio investments and ROI SEKm 12000 11,854 17.5% 17.5% 15.7% 14.7% 14.0% 9.000 7537 7,324 1,277 6000 3,780 1335 4 Mo aR 3141 3000 831 1,436 1373 1277 des 2015 2016 2017 2018 2019 2020 2021 2022 Portfolio ROI ex IAC and revaluations RTM Portfolio ROI ex JV, IAC and revaluations RTM
Slide 27: 3. Current MoM
3. Current MoM SEKM Q120Q220 3 3 Q121 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q422 Q123 Q223 Q323 Q4 23} Purchase price of portfolios 1,650 1,267 837 1,256 1,443 1,680 1,445 2,133 1,675 3,120 1,347 1,147 1,675 2,854 409 528 acquired in quarter Lifetime ERC earning 3,036 2,944 1,791 2,5543,190 3,414 2,79
Slide 28: 4. Estimated Remaining Collections (ERC)
4. Estimated Remaining Collections (ERC) 15-year ERC of SEK 48.3 bn SEK bn 10.0 28% of ERC due next 24 months 8.0 6.0 | 2.0 YI Y2 Y3 Y4 YS Y6 Y7 Y8 Yo Y10 Yu Y12 Y13 Y14 YIS "Northern Europe = Middle Europe _mSouthern Europe _= CE Europe [SEKbn) Yi Y2 Y3 Y4 Y6 Y7 Yo Y10 Yi Yi2 Y13 Y14 Yi5 Northern E
Slide 29: 4. Estimated Remaining Collections (ERC)
4. Estimated Remaining Collections (ERC) ERC by Asset Class Real Estate 1% Unsecured 93% ERC by Geography Northern CE Europe. Europe 14% \ 25% Southern Europe 28% Middle Europe 33% ERC by Investment type Forward One-off investments 84% intrum ERC by Industry Real estate Other ° 8% 1% Telecom 5% Cred
Slide 30: 5. Top Joint Ventures and Associates
5. Top Joint Ventures and Associates Intrum Investment share (Senior Investment (Intrum), Senior ranking debt remaining, Cash received to date Current ERC (Intrum), Portfolio Geography SEKM excluded), % SEKM (Intrum), ‘SEKM SEKM Orange EU 3,410 35% 1,534 169 3,408 Savoy Itab 3,075 59% 5,027 789 633
Slide 31: 6. Unsecured portfolio vintages
6. Unsecured portfolio vintages Unsecured Purchase Collections ated Total money-on- A ; books, SEKM price Roasts = money multiple Constant currency vintage evolution for unsecured books 4.20x A B e Bc Bc A <2010 5,556 14,888 1,078 15,966 287x 3:50x 2010 1377 3,931 710 4,642 337K 2011 1,361 4,054 743
Slide 32: 7. Financial calendar
7. Financial calendar Financial calendar 30 October 2025 Interim report third quarter 2025 29 January 2026 Interim report fourth quarter 2025 intrum 32
Slide 33: Disclaimer
Disclaimer The material in this presentation has been prepared by Intrum AB (publ) (“Intrum”). This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommenda
Slide 34: Leading the way.
Leading the way. intrum