Younited Financial S.a. · EURONEXT:YOUNI
Younited Financial — FY2024 Earnings Presentation
20 slides from Younited Financial's earnings presentation, Apr 4, 2025
Slide 1: Full-Year 2024 Results Investor Presentation
YOUNITED April 4", 2025 Full-Year 2024 Results Investor Presentation
Slide 2: Disclaimer
Disclaimer: This Presentation (the "Presentation") includes this document, any oral presentation by Younited Financial (the "Company"), any Q&A session following such presentation, and any supplementary materials made available in connection therewith. This Presentation has been prepared by the Comp
Slide 3: A unique value proposition
1 A unique value proposition. Amortizing loans Instant credit on amounts up to €56,000 & maturities up to 84 months Simple, fair and with full consumer protection Leveraging open banking (PSD2) data 4 countries across Europe France, Italy, Spain and Portugal 2 Available everywhere. Available via our
Slide 4: Ranked 4.7 to 4.9 on Trustpilot; instant credit up to €56,000
Ranked 4.7 to 4.9 on Trustpilot in our 4 geographies Instant credit Payments via instant credit Free budget advisor Insurance Up to €56 000 / 84 months From €300 to €50 000 Save up to €500 per year CPI Under 6-min to apply Online & in-store Personalized recommendations Affinity insurance younited-co
Slide 5: Younited's evolution from digital lender to full-spectrum financial platform
▪ Our listing on Euronext Paris and Amsterdam in January 2025, marks a pivotal step in Younited’s evolution from a digital lender to a next-generation, full-spectrum financial platform ▪ The c€153m capital injection, as a result of the business combination with Iris Financial, will Charles EGLY enab
Slide 6: 2024 results in line with expectations
2024 vs. 2023 2024 vs. 2023 1,296.8 123.8 124.9 1,015.0 2023 2024 2023 2024 2024 results are in line with expectations, with an adjusted net income standing at €(49.0)m. 2024 vs. 2023 2024 vs. 2023 42.8 (46.8) (49.0) 38.1 Notes: (1) GMV (unaudited metric) is defined as the total amount (€) of all lo
Slide 7: Towards profitability in Q4 2025
Towards profitability in Q4 2025. EJ Substantially grow GMV Leveraging additional capital brought by public markets Increase balance-sheet EJ Fully capturing loans unit economics allowing to reach profitability in Q4 2025 gE) Leverage partners Further leveraging partners to grow customer base EJ Cap
Slide 8: GMV expected to grow by double digit % in 2025, supported by 4 levers
• Increase spend on paid traffic • Launch of new scoring models • TV campaigns in France and Italy • And new pricing strategies • Partner to enhance brand awareness After 2 years of constrained capital, GMV is expected to grow by double digit % in 2025, supported by 4 main levers. • Strategic produc
Slide 9: Maximizing profitability by capturing on balance-sheet the full economic value of loans
Maximizing profitability by capturing on balance-sheet the full economic value of loans originated Dec-24 Growth Dec-25 Note: (1) Chart proportions are illustrative. (2) Excluding non-cash expenses settled in capital instruments. 9
Slide 10: Drive new and innovative products and services
Self learning models Lower loss rate 2 4 More loans & training Risk-adjusted data points interest rates 1 3 Drive new and innovative products and services. 10
Slide 11: Financial Performance
YOUNITED Financial Performance.
Slide 12: Group P&L (€k)
Younited S.A. standalone Group Group P&L(1) (€k) 2021 2022 2023 2024 Gross merchandise volume (GMV) 1,021,763 1,662,516 1,296,313 1,014,964 2024 vs. 2023 Interest income 21,797 47,917 80,961 79,290 Insurance brokerage revenue 23,158 35,324 18,943 13,046 Transaction and servicing/license fees 7,630 8
Slide 13: Capital, liquidity and funding
YOUNITED Capital, liquidity and funding.
Slide 14: Total capital ratio standing at 29.4%
Total capital ratio standing at 29.4%, substantially above regulatory minimum requirement, paving the way for 2025 shift to a predominantly balance-sheet driven model. 29.4% (€k) Dec 2024 Capital ratios CET 1 Capital 256,046 29.4% Own Funds 256,046 29.4% 1,360 bps buffer Risk-weighted assets (RWA) 8
Slide 15: Regulatory liquidity ratios
Minimum regulatory Younited 4,106% 162% 162% 166% 144% 100% 100% 100% 100% 3,227% 635% 337% 100% 100% 100% 100% 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 Note: Figures for Younited S.A. standalone (French GAAP), as per Capital Requirements Regulation. From Janua
Slide 16: Funding: fixed term deposits and bank facility
1,186 Fixed term deposits Bank facility 1,017 1,013 990 893 837 1,126 508 957 478 833 508 60 60 61 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 Note: Figures for Younited S.A. standalone (French GAAP), as per Capital Requirements Regulation. 16
Slide 17: Reconciliations
YOUNITED Reconciliations.
Slide 18: Reconciliation of IFRS to non-GAAP measures
(€k) 2021 2022 2023 2024 (€k) 2021 2022 2023 2024 Interest income (IFRS) 15,758 47,267 83,481 73,812 Personnel expense (34,508) (44,711) (44,171) (46,301) Portion of Interest income from Non-recurring Portion of personnel expense from Other - - - (256) 8,126 10,277 10,387 11,696 items operating expe
Slide 19: Non-recurring items and adjusted net result
1▪ Non-recurring items (one-offs) 1▪ Listing expenses: €29.9m of listing expenses representing the cost incurred to access capital markets, arising from the difference between the fair value of newly issued shares and the net asset value of the acquired entity 2▪ Restructuring costs: ▪ €1.6m related
Slide 20: Investor relations contact
Investor relations contact: investorrelations@younited.com