Qliro Ab · OMXSTO:QLIRO
Qliro Ab — Q3 2021 Earnings Presentation
15 slides from Qliro Ab's earnings presentation, Oct 26, 2021
Slide 1: Qliro Q3 2021 presentation
Qliro Q3 2021 presentation CEO Carolina Brandtman and CFO Robert Stambro 26 October 2021
Slide 2: Q3 in brief
Growth in business volumes Stable margins in respective segment during 2021 Q3 in brief Broadening of offering towards SME- merchants Launch of new developer portal to improve onboarding processes Stopped e-mailmarketing of private loans 2
Slide 3: Improved risk adjusted income, Q3 vs Q3
Improved risk adjusted income, Q3 vs Q3 PAD volume, SEKm Lending, SEKm Income, SEKm 16% Y-o-Y growth 12% Y-o-Y growth 4% Y-o-Y growth 2 460 2 401 2 479 2 545 2 061 2 201 1 563 1 710 1 641 97 100 98 99 101 1 466 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q3 2020 Q
Slide 4: Improved operating profit, YTD financial performance
Improved operating profit, YTD financial performance PAD volume, SEKm Lending, SEKm Income, adj. for non-recurring items SEKm 18% Y-o-Y growth 16% Y-o-Y growth 3% Y-o-Y growth 4 914 2 201 2 545 297 4 160 288 2020 2021 2020 2021 2020 2021 Riskadjusted income, adj. for non-recurring items SEKm Cost, a
Slide 5: PAD volume development at a glance
PAD volume development at a glance Breakdown PAD volume growth Q3 2021, MSEK Breakdown PAD volume growth, Q3 2021 MSEK +12% Y/Y +12% Y/Y +10% Y/Y +12% Y/Y +46% Y/Y -9% Y/Y -9% Y/Y "External" merchants New merchants live Churn and change Total Sweden Norway Finland Denmark Total live bef. Q3 2020 L12
Slide 6: Q3 Financials
Q3 FINANCIALS QLIRO
Slide 7: Stable operating profit
Stable operating profit Comments Qliro income statement • Growth in payment volumes and SEKm Q3 2021 Q3 2020 Change Q/Q lending Net interest income 55,4 50,9 +9% Net commission income 43,1 44,2 -3% • Income growth negatively affected by Other income 2,0 1,9 +8% less reminder income. Total income 100
Slide 8: Payment solutions – growth of business volumes
Payment solutions – growth of business volumes Comments Key figures, Q3 2021 • Positive volume development. SEKm Q3 21 Q3 20 Change Y/Y Underlying growth and new merchants Total operating income 81,5 81,3 0% drive growth. Loan losses -16,5 -18,0 -8% Income after loan losses 65,0 63,3 +3% • Less remi
Slide 9: Digital banking services – solid financial development
Digital banking services – solid financial development Comments Key figures • Growth in lending 20% YoY and 5% SEKm Q3 21 Q3 20 Change Y/Y Q/Q. Total operating income 19.0 15.8 +20% Loan losses -2.4 -5.3 -55% • Strong new sales in the quarter but Income after losses 16.6 10.5 +57% slower growth sinc
Slide 10: Attractive income margins
Attractive income margins Comments Payment solutions, riskadjusted income margin1 Quarterly Rolling 12m • Payment Solutions: Income margin lower in 2021 than 2020 but stable 20,4% 19,4% through 202. Quarterly margin now in 18,5% 18,4% 18,3% 17,8% 17,5% line with rolling 12m margin. 20% 19% 18% 18% 1
Slide 11: Improved credit performance
Improved credit performance Comments PAD losses in relation to PAD volumes, % Loan loss level, personal loans, % • Clean balance sheet strategy – low Reported Adjusted* Adjusted rolling 12m* Reported Adjusted* Adjusted rolling 12m* valuation risk in the balance sheet • Lower reported loss ratios in
Slide 12: Stable cost level from previous quarter
Stable cost level from previous quarter Comments Cost development, SEKm Opex excl. D&A D&A 10% growth Y/Y 0% growth Q/Q • Stable cost level compared to Q2 but cost increase from last year 91 91 91 83 86 22 24 25 21 23 • Increased cost related to cloud migration, development costs and costs for being
Slide 13: Well capitalised for continued growth
Well capitalised for continued growth Comments Capitalisation, % Funding split • Stable capital ratios and capital base SEKm ~ 280 MSEK larger than total 24,7% regulatory requirement 4,3% 146100 573 • Continued strong liquidity position with LCR at 160%, NSFR at 126% and 12.0% leverage ratio at 14,3
Slide 14: Looking ahead
Growth and efficiency in focus Sign and onboard new merchants including new verticals Looking Explore SME-offering and partnerships within the area ahead Adjusted organization with focus on payments to increase value and efficiency Q4 report 8th of February 14
Slide 15: Qliro
QLIRO