Delfingroup As · OMXRSE:DGR1R
Delfingroup As — Debt Investor Presentation (February 2019)
17 slides from Delfingroup As's debt investor presentation, February 2019
Slide 1: Investor Presentation 2018Q4 Results
INVESTOR PRESENTATION 2018Q4 RESULTS February, 2019
Slide 2: Disclaimer
DISCLAIMER This presentation is of selective nature and is made to provide an overview of the Company’s (SIA “ExpressCredit” and its subsidaries) business, based on 2018Q4 results. Unless stated otherwise, this presentation shows information from consolidated perspective. Facts and information used
Slide 3: Business Profile, Brands, Values
BUSINESS PROFILE: BRANDS: VALUES: Simplicity 3rd largest non bank consumer lender Pawn loans Accessibility in Latvia* Consumer loans Respect Progress COMPANY: KEY FINANCIALS: 86 branches EUR 20.2m net loan portfolio (2018Q4) 250 + employees 2.950.000 + loan issue EUR 7.1m EBITDA 2009 2017 (2018Q4) e
Slide 4: Highlights 2018Q4
HIGHLIGHTS 11.0 1.8 1.8 1.8 10.0 10.2 20.2 1.7 9.2 9.0 19.0 Increase of maximum consumer loan 18.1 17.6 1.4 amount to 3000 EUR and loan term to 5 15.8 years Active participation in Alternative Financial Service Association of Latvia for information communication with respect to legislation initiativ
Slide 5: Market Overview
Loan portfolio of Latvian non-bank MARKET OVERVIEW lenders, 2018H1 Total consumer loan portfolio in the first six months of year 2018 has increased to EUR 255m EUR 255.3 million, which is increase of EUR 12.5 million or 5.1% over six months Consumer loans period. EUR 356m Leasing, car title ExpressC
Slide 6: Market Overview: Consumer Loans
MARKET OVERVIEW: CONSUMER LOANS 255 Fast growing segment. 15 Growth Growth ExpressCredit* grows even faster, 18,0% it has 5,7%** market share. 14,3% 12 223 2017H1, EURm 2018H1, EURm Industry ExpressCredit * Loan portfolio data based on SIA ExpressCredit standalone net consumer and pawn loan portfoli
Slide 7: Market Overview: Pawn Loans
MARKET OVERVIEW: PAWN LOANS Stable segment. 7 7 ExpressCredit* is the leading player with 46%** market share. 3 3 2017H1, EURm 2018H1, EURm Industry ExpressCredit * Loan portfolio data based on SIA ExpressCredit standalone net consumer and pawn loan portfolio excl. accrued interest ** Based on loan
Slide 8: Consumer Loans
CONSUMER LOANS 62% of loans issued by value in 2018Q4 5.3 2017Q4 13.0 4.9 2018Q1 15.1 6.0 LOANS ISSUED, EURm 2018Q2 14.6 NET LOAN PORTFOLIO, EURm 6.2 2018Q3 16.1 6.9 2018Q4 17.1
Slide 9: Consumer Loans
CONSUMER LOANS Average loan tranche Average loan size per Weighed average term Non-perfoming loans ratio size per issue customer of loans issued € 476 422 5,6% € 216 days € 393 318 € 177 days 2,7% 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2017Q4 2018Q1 2018Q2 2018Q3 2018Q
Slide 10: Pawn Loans
PAWN LOANS 38% of loans issued by value in 2018Q4 3.9 2017Q4 2.8 4.1 2018Q1 3.0 4.1 LOANS ISSUED, EURm 2018Q2 3.0 NET LOAN PORTFOLIO, EURm* 3.9 2018Q3 * Includes car title loan and mortgage loan 2.9 legacy portfolios 4.1 2018Q4 3.0
Slide 11: Pawn Loans
PAWN LOANS Average loan size Pawn mark-up: Redemption rate* per issue: Stable customer base and € 62 49% 48% 76% stable performance of lombard operations. 73% € 59 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 * Items begin redeemed or exten
Slide 12: Key Financials
KEY FINANCIALS 13,7 Cash inflow 11,5 10,3 Cash outflow 9,4 8,8 11,0 2018H2 was the best in the Group's history in terms of turnover and 8,6 9,0 profitability. 7,7 6,4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4
Slide 13: Financials
FINANCIALS 44% 45% 42% 44% 37% 3.9 3.8 1.7 1.8 1.8 1.8 3,0 3.5 2.7 1.4 2.3 2.5 2.3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2015A 2016A 2017A 2018A EBITDA, EURm EBIDTA margin* Net Debt/EBITDA ratio Net Debt/Equity ratio * Calculated as EBITDA / (Interest income + Gross profit from sale of foreclosed items
Slide 14: Key Financials: Profitability
Income statement, EUR’000 2017Q4 2018Q4 %, y-o-y Interest and similar income 13 863 14 664 5.8% Gross profit from sale of goods** 1 414 1 527 8.0% KEY FINANCIALS: Gross profit 15 277 16 191 6.0% PROFITABILITY Selling expense -5 667 -5 873 3.6% Administrative expense -2 290 -2 771 21.0% New changes i
Slide 15: Key Financials: Balance
Balace sheet, EUR’000 2017Q4 2018Q4 %, y-o-y Fixed and intangible assets 601 603 0.3% Loans to related parties 1 302 1 277 -1.9% KEY FINANCIALS: Net loan portfolio 15 844 20 151 27.2% BALANCE Inventory and scrap 683 906 32.7% Other assets 667 244 -63.4% Cash 2 220 3 489 57.2% TOTAL ASSETS 21 317 26
Slide 16: Financing Structure
FINANCING Interest-bearing debt 2017Q4, 2018Q4, Interest rate, Maturity EUR’000* EUR’000* % STRUCTURE Secured bonds 1 000 0 Unsecured bonds 3 490 3 411 15.00% 2020.12 Diversified financing structure with Unsecured notes 3 573 4 496 14.00% 2021.10 established investor demand. According to issued Peer
Slide 17: Ltd. ExpressCredit contact details
Ltd. “ExpressCredit” Raunas iela 44 k-1 Riga, Latvia LV-1039 kristaps.bergmanis@expresscredit.lv +371 66 15 50 06
Delfingroup AS (SIA ExpressCredit) — Debt Investor Presentation (February 2019) on 6ix