Multitude Ag · XETR:MULT

Multitude — Investor Day (2023)

11 slides from Multitude's investor day presentation, Nov 22, 2023

  1. Slide 1: Bernd Egger, CFO

    Bernd Egger CFO FE-Classification: General\Anyone

  2. Slide 2: FE-Classification: General\Anyone

    FE-Classification: General\Anyone

  3. Slide 3: Loans to customers and bank investments

    Western Rest CapitalBox Europe 3% 700 16% 10% Eastern Europe 600 32% 43.2 28.6 500 Ferratum SweepBank 56% 28% 400 Northern Europe 55% 300 548.2 509.5 451.7 • 200 386.2 320.5 365.4 • 257.4 100 • • 0 2017 2018 2019 2020 2021 2022 9M 2023 Loans to customers Bank investments FE-Classification: General\A

  4. Slide 4: EBIT and net profit by business unit

    EURm EURm 50 EBIT PAT 45.5 9M 2022 9M 2023 45 42.4 50 42.7 37.8 39.7 40 40 35 31.8 31.6 30 30 27.2 25 23 22.9 20 20.1 19.3 20 18.3 10 -12.5 -1.7 2.2 15 12 -16.4 0 10 5 2.3 -10 0.5 0 -20 2017 2018 2019 2020 2021 2022 LTM 2023 Ferratum SweepBank CapitalBox • • • • • Note(s): Net profit relates to prof

  5. Slide 5: Personnel and operating expenses

    EURm 120 50 43.8 43.9 45 100 40 98.1 33.9 33.9 92.2 82.9 35 33.0 33.2 80 78.5 76.8 80.3 30 71.3 60 67.5 25 63.1 20 40 15 10 20 5 0 0 2018 2019 2020 2021 2022 LTM 2023 2018 2019 2020 2021 2022 LTM 2023 Personnel expense Operating expenses Directly attributable acquisition cost* • • • • • • Note(s): *

  6. Slide 6: Absolute and relative credit losses

    120 35% 105.7 29.37% 30% 27.61% 100 92.9 27.37% 88.5 25.74% 82.3 25% 78.7 80 71.9 20% 60 16.20% 15.45% 14.99% 15% 40 10% 20 5% 0 0% 2018 2019 2020 2021 2022 LTM 2023 2017 2018 2019 2020 2021 2022 LTM 2023 Absolute loss Relative loss • • • • FE-Classification: General\Anyone

  7. Slide 7: Focus on deposits as most cost-efficient source of funding

    • Focus on deposits as most • Current funding mix will • Long-term focus • Profit will remain main source cost-efficient source of be maintained to manage of equity funding sourcing risks during • Organisational transformation periods of elevated completed: • Supplemented by non-dilutive • Capital m

  8. Slide 8: Deposits and capital market debt

    10 8.62 8.02 8 6 5.25 4 2 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 9M/23 deposits capital market debt • • • • • Note(s): *Excluding perpetual bond FE-Classification: General\Anyone

  9. Slide 9: FE-Classification: General\Anyone

    FE-Classification: General\Anyone

  10. Slide 10: Net profit (actual and target)

    EURm Net Profit (actual and target) 35 30 25 20 15 10 5 0 2022 2026 • • • * Financial guidance is to be understood as subject to adjustments for negative market environment and for one-off transactions and factors FE-Classification: General\Anyone

  11. Slide 11: FE-Classification: General\Anyone

    FE-Classification: General\Anyone

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