Slide 1: Earnings Call Presentation 6 months 2023
Earnings Call Presentation 6 months 2023 August 2023
Slide 2: Disclaimer
E leving G roup Disclaimer The information contained in this presentation has been prepared by Eleving Group, a public company presentation is made available must make its own independent assessment of the Borrower after limited by shares (société anonyme) duly incorporated and validly existing unde
Slide 3: Presenters
E leving G roup Presenters Modestas Sudnius Maris Kreics Chi ef Executive Officer Chi ef Financial Officer ▪ With Eleving Group since 2013, part of the Group’s management ▪ With Eleving Group since 2015 team as C EO since November 2018 ▪ Before joining Eleving Group, spent two years in a corporate f
Slide 4: Operational highlights
E leving G roup Operational highlights Improving operational and financial performance Revenue, mln EUR1 In early July, Eleving Group announced that it Stable development in key performance 183.9 indicators during the period: has obtained2 EC Finance Group through 153.7 integration and combination o
Slide 5: Global scope
E leving G roup Global scope Multi-geography platform that eliminates a single-market risk Portfolio balance1 Vehicle Finance2 Consumer Finance as per June 2023 Latvia (LV) Moldova (MD) A lbania (A L) P opulation 3: 1 .9 mln P opulation: 2 .6 mln P opulation: 2 .8 mln P as senger vehicles 4: 0 .6 6
Slide 6: Non-financial KPIs
E leving G roup Non-financial KPIs Leveraging data to provide up-to-date products to customers and highest returns to shareholders Vehicle Finance, Q2 2023 Consumer Finance, Q2 20232 18.2k (2.6%) 13.2% (2.0 p.p.) 4.4 mln (8.2%) 843 (1.6%) 64.0k (1.0%) 38.7% (0.4 p.p.) Vehicles financed Conversion ra
Slide 7: Financial highlights
E leving G roup Financial highlights Solid profitability driven by robust loan issuances and consistent financial performance EBITDA and adjusted EBITDA, mln EUR Capitalization ratio Equity development, mln EUR 74.1 12.0 70.01 27,4% 27,2% 77,5 57.51 73,2 25,8% 25,6% 52.6 21,6 18,4 (5.1) (2.6) 17,4 3
Slide 8: Financial highlights
E leving G roup Financial highlights Financial results manifest the improving performance Revenue, mln EUR1 EBITDA, mln EUR2 Net Profit before FX effect, mln EUR3 183,9 27,8 69,9 156,9 57,5 19,9 90,0 90,6 36,1 13,6 30,7 9,0 2021 2022 6M 2022 6M 2023 2021 2022 6M 2022 6M 2023 2021 2022 6M 2022 6M 202
Slide 9: Assets & Liabilities
E leving G roup Assets & Liabilities Sustained growth in assets Assets and Equity, mln EUR Liabilities, mln EUR More than two thirds of the Group's 400 378,6 Most of the Group’s assets funding stems from bond & note 361,3 are comprised of net loan issuances: 320,0 portfolio, used car rent • EUR 150
Slide 10: Non-performing loans and provisioning
E leving G roup Non-performing loans and provisioning Maintaining excellent portfolio quality Net vehicle loan portfolio Net consumer loan Gross and net NPL portfolio quality analysis portfolio quality analysis As per June 2023 As per June 2023 35% Ukraine portfolio has been excluded from 30% Consum
Slide 11: Outlook – Products & Services
E leving G roup Outlook – Products & Services Outlook – Products & Services Processes Product strategy for Products & Services next 12 months ▪ Integrate EC Finance Group under C onsumer Finance hub. ▪ Further automation of loan issuance and underwriting Vehicle leasing for Maintain organic growth i
Slide 12: Appendix
E leving G roup Appendix Table of contents Eleving Group’s product universe Focus on sustainability & ESG strategy for 2025 Organizational structure Income statement Balance sheet Statement of Cash Flow Glossary 12
Slide 13: Eleving Group's product universe
E leving G roup Eleving Group’s product universe A rent-to-buy product designed with ultimate flexibility in mind. Accessible financing through traditional Subscription-based product of brand-new cars for online and offline clients searching for immediate mobility solutions. consumer loan products.
Slide 14: Focus on sustainability. ESG strategy for 2025
E leving G roup Focus on sustainability. ESG strategy for 2025 Eleving Group's four areas of action Responsible access Responsible business Employee growth and Climate impact to finance conduct well-being Responsible lending Governance Learning and development projects Reduction of portfolio environ
Slide 15: Organizational structure
E leving G roup Organizational structure MOGO, RENTI, PRIMERO, MOGO MOGO, PRIMERO SEBO OX Drive MOGO, RENTI, PRIMERO MOGO MOGO TIGO MOGO MOGO MOGO KREDO MOGO MOGO *EC Finance Group to be integrated into Eleving Consumer Finance HUB during the second half of 2023. 15
Slide 16: Income statement
E leving G roup Income statement EUR mln 2019 2020 2021 2022 6M 2022 6M 2023 Interest revenue calculated using the effective interest method 68.0 73.7 139.9 170.5 83.3 84.6 Interest expense calculated using the effective interest method (21.2) (24.9) (29.0) (32.0) (14.6) (17.4) Net interest income 4
Slide 17: Balance sheet
E leving G roup Balance sheet Assets, EUR mln 2019 2020 2021 2022 2Q 2023 Equity & Liabilities, EUR mln 2019 2020 2021 2022 2Q 2023 ASSETS EQUITY Goodwill 4.1 6.6 4.2 4.7 4.7 Share capital 1.0 1.0 1.0 1.0 1.0 Internally generated intangible assets 3.6 5.9 7.5 8.6 9.2 Retained earnings 21.4 22.9 22.3
Slide 18: Statement of cash flow
E leving G roup Statement of cash flow EUR mln 2019 2020 2021 2022 6M 2022 6M 2023 EUR mln 2019 2020 2021 2022 6M 2022 6M 2023 Cash flows from operating activities Cash flows from investing activities Profit/(loss) before tax 6.9 0.9 13.2 25.8 11.5 15.4 Purchase of property, plant and equipment and
Slide 19: Glossary
E leving G roup Glossary Definitions and Alternative Performance Measures ▪ Average income yield on net loan and used car rent portfolio—the sum of annualized interest ▪ Impairment coverage ratio—total impairment/gross non-performing loans (NPLs) revenue calculated using the effective interest metho
Slide 20: Thank you!
20 Thank you! Eleving Group Eleving Group Māris Kreics Skanstes street 52 Toms Haralds Vecvagars Skanstes street 52 Group C hief Financial Officer LV-1013 Riga, Latvia Investor Relations Manager LV-1013 Riga, Latvia E-mail: maris.kreics@eleving.com www.eleving.com E-mail: toms.vecvagars@eleving.com