B2 Impact Asa · OSL:B2I
B2 Impact Asa — B2Holding — Carnegie Debt Purchase Seminar 2021
12 slides from B2 Impact Asa's conference presentation, May 28, 2021
Slide 1: Carnegie Debt Purchase Seminar
Carnegie Debt Purchase Seminar 28 May 2021 B2Holding ASA: CEO, Erik Just Johnsen Photo: Natalya Letunova / Unsplash
Slide 2: Highlights from Q1 2021
Highlights from Q1 2021 Operations – Strong cash generation after portfolio investments and interest coverage – Strong momentum in secured recoveries – The organization has fully adapted to a new working environment Effectiveness & – Solid unsecured collections, main markets continue to outperform f
Slide 3: Key figures Q1 2021 (NOKm)
Key figures Q1 2021 (NOKm) Total revenues Gross Collections1) Cash EBITDA2) 782 1,494 1,014 (775) (1,433) (881) Net profit Portfolio purchases Leverage ratio 130 192 2.62x (24) (491) (3.04x) 3 B2Holding ASA Carnegie Debt Purchase Seminar Comparable numbers for Q1 2020 in brackets. 1) Includes the Gr
Slide 4: Collection Performance
Collection Performance Unsecured collection performance REOs sold 950 110% 2% 925 923 923 927 930 905 105% 86 88 910 890 100% 870 850 95% 47% 830 90% 810 28 790 85% 19 770 750 80% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 LTM Q1'21 Collection Performance % Book Value Sales Proceeds Secured recoveries – Unsecure
Slide 5: Strong secured & REO monetization resulting in solid cash earnings
Strong secured & REO monetization resulting in solid cash earnings Investments Cash flow Q1 2021 Additional investment capacity Cash earnings 669 491 473 438 437 253 264 204 192 83 Q1’20 Q2’20 Q3’20 Q4’20 Q1’21 Deleveraging Lev.ratio Lev.ratio (adj) 3.4x 3.2x 3.2x 3.0x 2.6x 3.3x 3.1x 2.9x 2.7x 2.3x
Slide 6: Market update and Market outlook
Market update Market outlook – Q1 2021 has seen continued low transaction activity, – According to the European Banking Authorities, credit largely as a result of government schemes such as risk on bank loans across Europe has risen significantly payment holidays and loan moratoria. in Q4 2020 – Cap
Slide 7: Committed to ESG
Committed to ESG Highlights Prioritized Sustainable Development Goals (SDGs) → Reviewed materiality analysis for 2020 → Annual report 2020 included the first sustainability report based on GRI standards → Initiated solicited ESG rating process → UN Global Compact participant from February 2021 → ESG
Slide 8: Committed to ESG
Committed to ESG B2Holding has adapted its ESG framework around 6 strategic lines of action that are key to ensure success in its ESG strategy 01 Improvement of debtor knowledge and 04 Corporate governance & transparency satisfaction − Strengthen anti-corruption and compliance in all operations − Ad
Slide 9: Key takeaways
Key takeaways Strong collection Improved collection Solid cash flow and Promising Higher visibility Well positioned to performance in efficiency coupled reduced leverage pipeline for REO in NPL pipeline take advantage of a all asset classes with increased sales – increased with increased growing NPL
Slide 10: Definitions
Definitions – 120-month ERC: Estimated remaining collection, which expresses the gross collection in face value – Cash revenue: Cash revenue consists of “Total revenues” added back amortisation and revaluation of expected to be collected in the future over a 120-month period from the purchased portf
Slide 11: Definitions (cont'd)
Definitions (cont’d) – Gross collection: Gross collection is the actual cash collected and assets recovered from – Other revenues: Other revenues includes revenue from external collection, interest on loan purchased portfolios before costs related to collect the cash received. receivables as well as
Slide 12: IR contact
IR contact B2Holding ASA Rasmus Hansson Stortingsgaten 22 Head of Commercial Strategy P.O.Box 1726 Vika N-0121 Oslo and Investor Relations +47 952 55 842 www.b2holding.no rh@b2holding.no +47 22 83 39 50 post@b2holding.no