Slide 1: Q1 2021 Results – Earnings Call
Q1 2021 Results – Earnings Call 12 May 2021
Slide 2: Important notice
2 Important notice This presentation contains, or may be deemed to contain, forward-looking statements. All forward-looking statements included herein are based on information presently These statements relate to future events or future financial performance of Ferratum. available to Ferratum and, a
Slide 3: New brand reflects variety of our businesses
COMPANY CONFIDENTIAL The new brand reflects the total variety of our businesses, different group units and our wide knowhow. Multitude communicates our strength as a multinational fintech with a portfolio of 2021 © MULTITUTE. ALL RIGHTS RESERVED. services, each focusing on a specific customer segmen
Slide 4: Proposed new Group structure
Proposed new Group structure Near Prime lending Digital bank & platform Digital SME lending • Credit limit • Primeloan • Plusloan • Wallet • Microloan Further details to be presented at the Group’s CMD on June 8, 2021 4 FE-Classification: General\Anyone
Slide 5: Overview & Key takeaways
Overview & Key takeaways 16 Years of operation 19 Countries 86% of revenues 11% of revenues 3% of revenues Key takeaways • During Q1 market conditions affected by COVID-19 related lockdowns and decreased loan demand • Solid start into 2021 reaching an EBIT of EUR 5.4 million; credit losses remained
Slide 6: Accelerated SweepBank growth
Accelerated SweepBank growth Launch of new countries and increased volume Initiatives during Q1 2021 SweepBank Net AR (EUR million) • Launched the new brand SweepBank 50 • Optimized existing markets for Primeloans - Fine tuning acquisition channels, 45 underwriting & pricing 40 35 • Prepared for new
Slide 7: The Group's 2021 objectives – strong execution already during Q1 2021
The Group‘s 2021 objectives – strong execution already during Q1 2021 Strong position based on solid liquidity and successful organizational transformation ✓ Increased liquidity at EUR 300 million and organizational transformation finalized Credit quality to remain high in all tribes ✓ Continued imp
Slide 8: Q1 2021 Financial Results
Q1 2021 Financial Results 8 8
Slide 9: Financial overview: Y-o-y impairments improved massively and EBT breakeven reached
Financial overview: Y-o-y impairments improved massively and EBT breakeven reached • Revenue comparison Q1 2021 vs Q1 2020 affected by: EUR million Q1 2021 Q1 2020 % change - Stricter and more conservative lending policy in Q1 2021 vs. Q1/ 2020 Revenue 51.9 65.6 -20.9% - Suspended lending in selecte
Slide 10: Increased liquidity enables the Group to re-activate growth
Increased liquidity enables the Group to re-activate growth 10 EUR ‘000 31 Mar 2021 31 Dec 2020 % Change EUR ‘000 31 Mar 2021 31 Dec 2020 % Change Assets Equity and liabilities Non-current assets Equity 57,558 59,943 -4.0% 124,875 125,568 -0.6% Accounts receivable – customer loans Non-current liabil
Slide 11: Continued emphasize on longer-term lending products
Continued emphasize on longer-term lending products • Credit Limit continues EUR ‘000 to account for 60% of EUR million Microloan PlusLoan Credit Limit SME Wallet and Primeloan Total Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 revenues Revenue 5,05
Slide 12: Lending volume: back to growth
Lending volume: back to growth 70 Loan volume disbursed, EUR m Net loans to customers, EUR m 60 400 388 386 50 380 365 366 361 360 354 348 346 40 340 335 30 320 20 300 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 10 • Increased lending volumes since May 2020 0 • Continued focus on markets w
Slide 13: Increased revenue and Net AR share in SweepBank
Increased revenue and Net AR share in SweepBank Q1 2021 Revenue and Net AR Q1 2020 Revenue and Net AR 5.4 7.9 0.8 1.5 70.5 82.7 44.9 272.5 44.9 13.9 279.0 56.8 Net AR Net AR Revenue Revenue Ferratum SweepBank CapitalBox Ferratum SweepBank CapitalBox 13 FE-Classification: General\Anyone
Slide 14: Asset quality continued to improve in Q1 2021
Asset quality continued to improve in Q1 2021 Focus on SweepBank & and selective lending for Ferratum (near-prime) Impairment losses (total) / NAR products drive asset quality 12,00% improvements 9,71% 10,00% • Mid-term improving trend in impairment 8,58% losses over net accounts receivable (NAR) 7,
Slide 15: Funding structure and cost of debt capital
Funding structure and cost of debt capital Financing mix at year end 2020 Financing mix at Mar 31, 2021 Ferratum Capital Germany 5.5% + 3m Euribor 2022 Ferratum Capital Germany 5.5% + 3m Euribor 2023 EUR 100m EUR 100m Deposits EUR 80m EUR 80m EUR 339m EUR 436m 10 Weighted average cost of debt fundin
Slide 16: Summary and key takeaways
Summary and key takeaways • Market conditions affected by COVID-19 related lockdowns in Q1 • Solid start into 2021 reaching an EBIT of EUR 5.4 million; credit losses remained well under control • Strong execution on the Group’s 2021 key objectives • New Group structure, including tribe and brand str
Slide 17: Thank you
Thank you 17