Slide 1: Investor presentation
Investor presentation March 17th, 2016
Slide 2: European NPL market overview
European NPL market overview Total loans and NPL ratio of Eurozone banking market Industry trends EURbn 12 500 12 322 12 339 10% Strong growth in portfolio sales: 12 196 • Regulatory changes driving debt sales 1 • Strengthened FI balance sheets enable portfolio sales 11 961 12 000 8% • Increasing vo
Slide 3: Axactor entry strategy and value chain focus
Axactor entry strategy and value chain focus Axactor entry strategy Axactor value chain and geographical focus Acquire a high quality debt collection Portfolio acquisitions 1 company in each of the priority markets Amicable Legal Surveillance collection collection and recovery 2 Grow through NPL por
Slide 4: Axactor milestones
Axactor milestones October November December January February March Signing of 3PC Private Term sheet debt Repair Issue 2nd portfolio acquisition Signing of IKAS consumer finance placement facility with DNB (60mNOK) (FV: 18 mEUR) transaction contract (106mNOK) 16 4 18 12 17 18 11 20 17 3 16 Private
Slide 5: Strong increase in debt collection cases and debt collection volume
Strong increase in debt collection cases and debt collection volume Strong increase in debt collection cases in Norway Debt collection volumes CAGR Millions NOK bn. CAGR <+5% +8% 138,7 8 140 135,1 7,5 129,0 127,6 127,2 7,1 6,7 120 116,6 5,9 103,5 6 5,7 5,5 100 5,2 4,4 80 4 60 40 2 20 0 0 2008 2009 2
Slide 6: Strategic rationale for the IKAS acquisition
Strategic rationale for the IKAS acquisition • Significant increase in number of collection cases Norwegian market growth • An increase in number of non-performing loan portfolios available for sale • Significant and increasing cash generation from day 1 Strong business case stand alone • IKAS has o
Slide 7: IKAS in brief
IKAS in brief Overview Revenue (mNOK) and EBIT margins Established in 1988 by Kjell Reiersrud, and is today one of 91 Norway’s most reputable suppliers of invoice administration and debt collection 81 73 Delivers market leading and modern payment solutions for selected small to medium sized busi
Slide 8: Axactor competitive advantages
Axactor competitive advantages 1 Highly competitive cost structure with no legacy and low overhead/group costs 2 Well established relationships with Financial Institutions across Europe 3 Management team with unparalleled track record in the PD and DC industry 4 Strong execution capabilities with hi