Blender Financial Technologies Ltd. · TASE:BLND
Blender Financial Technologies — Q4 2023 Earnings Presentation
22 slides from Blender Financial Technologies's earnings presentation, Apr 10, 2024
Slide 1: Blender Financial Technologies Earnings Update Q4 2023
Blender Financial Technologies Earnings Update Q4 2023
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation constitutes the principle and marketing presentation of Blender Financial Technologies Ltd. and its subsidiaries (henceforth referred to, together, as "the Company" and/or "Blender" and/or "the Group") and is meant for marketing purposes. It does not constitute a p
Slide 3: Our Mission
Our Mission To provide fast and innovative credit solutions according to our clients preferences and needs 3
Slide 4: Key Events 2023
Key Events 2023 • Positive cash flow realized • Lunching BlenderPay, a JV with Bank HaPoalim • Experiencing growth in credit activity in Israel, leading to increased revenues and credit portfolio • Developing a distribution channel for technology sales 4
Slide 5: Blender's Success by the Numbers
Blender’s Success by the Numbers 83K 92M 736M 1.7B Paying Trailing 12 Loan book Loans Customers months revenue originated 28% 52% Financial data, accurate as of 31 December, given in NIS; Includes loans in the credit brokerage system; the rate of increase in revenue and the growth data refers to 31
Slide 6: Blender's Credit Platform
Blender’s Credit Platform A technological leap to supports versatile lending activities Investors Blender Car (P2P) blenderPay Institutional Credit Funding Lending Facilities Sources Platform Segments Rating 2.0 Blender Loan Banks Blender Mortgage Solutions 6
Slide 7: Risk Diversification Strategy
Risk Diversification Strategy Multiple funding and sales channels Risk Diversification BNPL Car loans Diversity in Diversification P2P Unsecured providing of funding consumer credit credit sources Mortgage Solutions 7
Slide 8: Growth in credit portfolio in 2023
Growth in credit portfolio in 2023 737 (millions of NIS) 697 753 744 736 729 697 670 659 651 624616 646 456 566 542 503 456 477 422 422 386 403 390 338 346 359 81 89 83 81 83 84 84 85 48 57 63 66 2021 2022 2023 Q1.21 Q2.21 Q3.21 Q4.21 Q1.22 Q2.22 Q3.22 Q4.22 Q1.23 Q2.23 Q3.23 Q4.23 Europe אירופה I
Slide 9: Growth in the Group's revenues in 2023
Growth in the Group’s revenues in 2023 (in thousands of NIS) 50% 92,200 24,500 Growth 23,700 21,300 22,700 21,200 21,600 20,100 19,900 18,900 61,600 17,600 16,000 14,000 13,900 11,500 39,600 10,400 11,700 9,500 10,100 9,600 9,300 7,800 7,800 7,600 8,200 2,900 2,800 1,700 2,300 2,000 2,200 2,200 2,30
Slide 10: Technological Leadership for Fast & Accurate Underwriting
Technological Leadership for Fast & Accurate Underwriting Secured Integral Architecture A robust Salesforce based system, significant process efficiency, driven by data-based decisions and APIs Fraud Prevention Rating2.0 A multi-dimensional model for credit A propriety credit risk assessment and fra
Slide 11: Fast and Efficient Customer Experience: 6 Steps in 30 seconds
Fast and Efficient Customer Experience 6 Steps in 30 seconds Onboarding Automated Advanced client (Retail, Car customer risk identification & dealerships, E- and evaluation authentication 30 Commerce) assessment 1 2 3 4 5 6 Seconds to get a loan Collateral Client info collection Client rating valuat
Slide 12: Digital Credit Solutions
Digital Credit Solutions 12
Slide 13: blenderPay in collaboration with Bank Hapoalim
blenderPay in collaboration with Israel's leading BNPL (buy now, pay later) solution for large purchases POS Growth As of March 2023, JV- 80% owned Technology TAM of NIS 30 blenderPay by Blender, 20% enabling large ticket billion annually activities are by Bank BNPL payments in Israel alone carried
Slide 14: blenderPay - BNPL Market Leader
blenderPay - BNPL Market Leader An in-store and e-commerce propriety instalment payment solution 14
Slide 15: blenderCar
blenderCar Frictionless car financing solution Hundreds of car dealers operate with blenderCar A unique technology with a holistic system of rapid credit evaluation and establishment Transaction authorization within seconds - no forms or paperwork! Convenient and easy-to-use digital platform for car
Slide 16: Distributing technological innovations
Distributing technological innovations A holistic cloud-based technology platform that integrates various functionalities seamlessly Custom implementation capabilities for fast digital credit and smart deposits Distribution agreement with the banking division of Amdocs Providing innovative technolog
Slide 17: Blender Israel: Continue its Growth (Revenues)
Blender Israel Continue its Growth Quarterly Revenues Annual Revenues (thousands of NIS) (thousands of NIS) 21,600 21,200 55% 81,600 19,900 18,900 Growth 17,600 13,900 52,500 11,700 40,700 9,300 8,200 7,800 7,800 7,600 Q1.21 Q2.21 Q3.21 Q4.21 Q1.22 Q2.22 Q3.22 Q4.22 Q1.23 Q2.23 Q3.23 Q4.23 2021 2022
Slide 18: Blender Israel: Continue its Growth (Credit portfolio)
Blender Israel Continue its Growth Quarterly Credit portfolio Annual Credit portfolio (thousands of NIS) (thousands of NIS) 651 613 646 670 659 651 616 542 477 390 422 390 338 346 359 Q1.21 Q2.21 Q3.21 Q4.21 Q1.22 Q2.22 Q3.22 Q4.22 Q1.23 Q2.23 Q3.23 Q4.23 2021 2022 2023 Gross NON-GAAP revenues, incl
Slide 19: Israel: Meticulous Credit Risk Management in a Dynamic Market
Meticulous Credit Risk Israel Management in a Dynamic Market ▪ Proven underwriting and risk management model 15.60% 2023 ▪ Diversifying loan origination while promoting 3.20% collateral based loans ▪ Established anti-fraud methodologies 11.60% 2022 ▪ An insured safeguard fund protects investors from
Slide 20: Improved performance with a focus on profitability
Improved performance with a focus on profitability Adjusted EBITDA Annual Adjusted EBITDA 2022-2023 (thousands of NIS) 9,544 4,492 2022 2023 2022 2023 2022 2023 (1,759) (2,003) (3,996) (10,474) Israel Europe Consolidated Financial data is as of December 31, 2023. For further information, refer to Se
Slide 21: 2024 Strategy
Israel Global activity 2024 Strategy • blenderPay, in partnership with Bank • Focusing international Hapoalim, serves as a growth engine activities on the sale of • Continued development of the credit technology sector in Israel • Diversification of financing sources through new credit lines • Stren
Slide 22: Thank You
Thank You
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