Slide 1: Interim Report January — March 2025
7 May 2025 Interim Report January — March 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: First quarter 2025 highlights
First quarter 2025 highlights Solid start and progress across multiple strategic initiatives Overall development * — Significant profitability improvement in Servicing plus Investing collections above expectation * Group EBIT increased 117% to SEK 1,032 M (475) * Group costs down 20% and cost income
Slide 4: European businesses face macroeconomic uncertainty
European businesses face macroeconomic uncertainty 10 million European 40 million workers could businesses risk closure be impacted within the next 2 years if macroeconomic if European businesses closes because of conditions fail to improve! macroeconomic environment! EUR 10.5 trillion of Only 23% u
Slide 5: Group Performance: Meaningful Servicing improvement, above forecast Investing collections
Group Performance: Meaningful Servicing improvement, above forecast Investing collections and continued reduced cost 21% vs 9% adj. EBIT margin in the quarter Strong Servicing momentum to continue with 22% RTM adj. EBIT margin vs 15% in Q1 2024 16% lower cost income ratio vs Q1 2024 Continued high f
Slide 6: Servicing: Continued progress on profitability vs last year's Q1
Servicing: Continued progress on profitability vs last years Q1 and RTM adj. EBIT margin Income and adj. EBIT Margin for Servicing! HB RTM adj. income == RTM adj. EBIT margin * RTM adj. income down 0.5% CAGR 14,266 vs Q1 2024 13,140 * Income slightly down, driven by our focus on client || profitabil
Slide 7: Servicing: Solid recovery and conversion rate
Servicing: Solid recovery and conversion rate SEK bn FY 2024 Opening balance Ext. 1,461 Servicing AuM | — 7% Recovery rate of AuM? Collections in the 110 period! {— 11.5% Conversion rate of Collections! Ext. Servicing income 12.6 Closing balance Ext. Servicing AuM 1,621 RTM Q1 2025 1,621 { — LB, rat
Slide 8: Notes: Performance index does not include JV's
• • • • Notes: 1 Performance index does not include JV’s
Slide 9: Investment management model with Cerberus partnership
• Intrum responsible for origination/execution, underwriting and portfolio management which will generate a new recurring investment management income stream • Intrum's balance sheet exposure is limited vs significant AuM increase • Incremental external servicing business as Cerberus own majority of
Slide 10: Operations: continued progress towards integrating Ophelos and AI
Operations: continued progress towards integrating Ophelos and Al Market launches and progress Focus on ramping up number of cases transferred to the platform Leveraging Ophelos for new sales opportunities like telecom and utilities clients ay Positions Ophelos as a cost-efficiency driver wr and str
Slide 11: A critical part of the financial ecosystem — helping customers on the path to recovery
A critical part of the financial ecosystem — helping customers on the path to recovery How many individuals have we helped? 4.6M 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 c
Slide 12: Recapitalisation Transaction — Update
Recapitalisation Transaction — Update * In Stockholm on 15 April Intrum’s creditor classes voted unanimously to approve the Company's Recapitalisation Transaction aS with overwhelming majorities in each class at the plan meeting took place * In March 2025, Intrum reached a settlement agreement with
Slide 13: Financials
v — inancia F intrum
Slide 14: Group key financials: Solid start with significant EBIT increase vs Q1 last year
Group key financials: Solid start with significant EBIT increase vs Q1 last year SEKM Q12025 @12024 Change% Income 4,276 4,430 3 Total costs 3,323 4.166 -20 EBIT 1,032 475 17 Net income (loss) parent company 101 238 142 Adjusted cost “3,256 3,777 -14 Adjusted EBIT 1,098 864 27 Cash EBITDA ex. disc.o
Slide 15: Decrease in cost trend continues
Decrease in cost trend continues Total Adjusted Cost, bn SEK 14.9 13.5 37 37 3.8 37 : : : : : | | | Q2'23 Q3'23 Q4'23 Qi'24 Q2'24 Q3'24 Q4'24 Q1'25 mmm Total costs ——Total costs RTM intrum Absolute costs significantly down from its RTM peak in Q2 2024 driven by extensive focus on cost in 2 waves of
Slide 16: Servicing: Continued positive profitability development
Servicing: Continued positive profitability development Adjusted EBIT External income 3,028 3,093 12,606 12,671 —RrR™ Internal income 367 403 5 1,666 1,702 Total income 3,395 3,496 3 14,272 14,373 Total costs -2,722 -3,342 19 712,903 13,523 EBIT 689 163, 322 1,413 887 Items affecting comparability 4
Slide 17: Investing: Strong collection performance in a tough environment
Investing: Strong collection performance in a tough environment SEK M Q12025 _Q12024 Change % RTM FY 2024 Cash EBITDA Income 1,243, 1,328 -6 5,239 5,324 — Index vs. active forecast Total costs -729 -779 -6 -2,779 2,829 Share of Associates and JV 72 200 -64 352 480 100 100 102 EBIT 576 751 -23 2,722
Slide 18: Net debt development and underwriting IRRs
Net debt development and underwriting IRRs Net debt development, SEK bn 49.3 “1.6 -0.2 ; 46.6 -1.2 EB @Q4'24' Cash flow Finance Net Investing 2 FX Qr25 Underwriting returns vs funding costs (RTM) 20.0% 20.0% Unlevered underwriting IRR 16.0% 3.8x 12.0% 8.0% Cost of funds 4.0% - | Q2 Q3 Q4/ QI Q2 QS Q
Slide 19: Maturity profile picture is improving
Maturity profile picture is improving Current maturity profile, SEK bn 13.3 222 9.0 ¢ Updated maturity profile will extend any meaningful 49 age maturities by 2 years and | | 0.0 0.0 extend principal maturities 2025 2026 2027 2028 2029 2030 until 2030 MEURbond mSEKMTN =PP mRCFutilised mUnutilisedRCF
Slide 20: Financial targets: progress since CMD in September 2023
Financial targets: progress since CMD in September 2023 Starting point (Q2 2023 RTM) Q1 2025 9% 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 value excl. revaluation i
Slide 21: Final remarks
Final remar
Slide 22: First quarter summary
First quarter summary US Ch.11 and Cost significantly Progress in Swedish down and Ophelos reorganisation continued focus for implementation confirmed coming periods and Al-voice agent Continued margin Investing improvement in collections above Servicing forecast intrum 2
Slide 23: Q&A
Q&A intrum
Slide 24: Appendix
Appendix intrum
Slide 25: 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 25
Slide 26: 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 16 months, an
Slide 27: 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 7,537 13.9% 7,324 1.8% 114% 1,277 6000 3,780 1335 4 Mo aR 3141 3000 831 1,436 1373 1277 des - mm _| 2015 2016 2017 2018 2019 2020 2021 2022 2025 Portfolio ROI ex IAC and revaluations RTM Portfolio ROI ex
Slide 28: Current MoM
3. Current MoM SEKM Q1 20 Q2 20 Q3 20Q4 20 Q1 21 Q2 21 Q3 21 Q421 Q122 Q2 22 Q322 Q422 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 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 acquired in quarter Lifetime ERC earning 3,036 2,944
Slide 29: Estimated Remaining Collections (ERC)
4. Estimated Remaining Collections (ERC) 15-year ERC of SEK 50.7 bn SEK bn 12.0 27% of ERC due next 24 months 9.0 6.0 [| 3.0 | |_| | | | Y7 Y8 Yo Y10 Yu Y12 Y13 Y14 YIS "Northern Europe = Middle Europe _mSouthern Europe _= CE Europe Es = Zn Ys Y6 [SEKbn) Yi Y2 Y3 Y4 Yé Y7 Yo Y10 Yi Yi2 Y13 Y14 Yi5 N
Slide 30: Estimated Remaining Collections (ERC)
4. Estimated Remaining Collections (ERC) ERC by Asset Class eal Estate ERC by Geography Northern e CE Europe Europe ° 24% Southern Europe 29% Unsecured 93% Middle Europe 33% ERC by Investment type ERC by Industry Other Forward Real estate 8% flows Telecom 16% 5% Credit cards 9% Finance 12% Bank loan
Slide 31: 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 3,567 35% 1,534 171 3,602 Savoy Italy 3,216 59% 5,027 825 630
Slide 32: Unsecured portfolio vintages
6. Unsecured portfolio vintages Unsecured books, SEK M <2010 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023, 2024 2025 Total price A 5,556 1,377 1,361 2,235 1,629 2,656 3,016 2,798 3,178 2,883 4,940 2,610 4,307 5,632, 4,566 1411 169 50,323 Purchase Collections to date 14,825 3
Slide 33: Financial calendar
7. Financial calendar Financial calendar 31 July 2025 Interim report second quarter 2025 30 October 2025 Interim report third quarter 2025 29 January 2026 Interim report fourth quarter 2025 intrum 33
Slide 34: 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 35: Leading the way.
Leading the way. intrum