Slide 1: Interim Report April — June 2021
Interim Report April — June 2021 22 July 2021 Anders Engdahl, President and CEO Michael Ladurner, CFO intrum
Slide 2: Today’s presenters
Today’s presenters Anders Engdahl President and Chief Executive Officer Michael Ladurner Chief Financial Officer intrum
Slide 3: Highlights of Q2 2021
Highlights of Q2 2021 Record collections and accelerating deployment Landmark servicing contracts won All-time high gross cash collections in Pl segment Gradual normalisation also of case inflows - Over SEK 3bn collected, up 23% YoY - Improving client and customer sentiment translating - CC. SEK 3.8
Slide 4: Servicing: Expect gradual normalisation throughout the year
Servicing: | . . 0° Expect gradual normalisation throughout the year ne ¢ Upbeat survey results among consumers and businesses ...., Impact on Intrum suggest that a rebound in consumption is already underway and set to strengthen in the coming months ”) ° 2S GansUNIe? Ceniifslnise TEMES — supported
Slide 5: Portfolio Investments: Attractive returns and increasing sell side activity
Portfolio Investments: Attractive returns and increasing sell side activity to accelerate throughout 2021 * Increasing portfolio transaction volumes in Europe — the NPL transactions exceeded EUR 100bn in gross book value during the first half of 2021, compared to EUR 78bn for FY 2020 * “Of particula
Slide 6: Ethical and sound debt collection principles
Ethical and sound debt collection principles: Leading the way through presenting the basis for a future industry standard services must be Debt collection ’ 7 s = 2 2 ie) 2 9 8 Ps a o fa) intrum in compliance with applicable national legislations at all times conducted with integrity and confidentia
Slide 7: ONE Intrum transformation program: Implementation proceeding according to plan
ONE Intrum transformation program: Implementation proceeding according to plan 2020 2021 2022 150 1500 100 1000 50 500 Q220 Q320 Q420 Qi2i Q221 Q321 Q421 QI 22 Q222 Q3 22 Q422 mmm Actuals Budget ——Budget accumulated (RHS) —Actuals accumulated (RHS) Milestones in global front office roll-out VY Compl
Slide 8: ONE Intrum transformation program: KPIs
ONE Intrum transformation program: KPIs SO ONE Intrum Aggregated cases migrated, 000s 50 000 40 000 30.000 + . * Case volume migrated in H1 20 000 } \po21 2021 2007 above forecast 10.000 ‘on _7) 2020 Q3 2020 Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023 . System migrations planned
Slide 9: Financials
Slide 10: Group key financials
Group key financials: Significant organic growth in cash revenues SEK M Q2 2021 Q2 2020 RTM FY 2020 Cash revenues 5591 4977 12 21990 21377 Cash EBITDA 2966 2709 9 11943 11607 Replenishment capex -1477 -1223 21 -5 463 -5 355 Other capex -76 -192 -60 -520 -672 Cash EBIT 1413 1294 9 5959 5580 Cash net
Slide 11: Group cash flow generation
Group cash flow generation: Positive cash conversion from revenues to cash EBIT RTM, SEK bn Qs Qa a @2 as aa a ford 2019 | 2020 2021 | \ 4 | no Na -10.0 \ \——-— 60 “5.5 Os | 3.2 2.8 Cash revenues Expenses Cash EBITDA Replenishment Other capex Cash EBIT Cash net Recurring capex financials & tax cash
Slide 12: Credit Management Services
Credit Management Services: Gradual normalisation of new case inflows SEK M Q2 2021 Q2 2020 ange % RTM FY 2020 Cash revenues 1012 1048 4 4238 4375 Cash EBITDA 429 463 7 1769 1891 Other capex -18 -89 -80 -186 -295 Cash EBIT 4 374 10 1583 1596 Avg. invested capital 19 381 19 874 -2 19 337 19 747 Segme
Slide 13: Strategic Markets
Strategic Markets: Delivering on organic growth trajectory SEK M Q2 2021 Q2 2020 ange % RTM FY 2020 Cash revenues 1315 1202 9 5759 5409 Cash EBITDA 589 585 1 3055 2722 Other capex -17 -60 72 -144 -183 Cash EBIT 572 525 9 2911 2539 Avg. invested capital 15 841 17 664 -10 16 190 17175 Segment cash Rol
Slide 14: Portfolio Investments: Record collections and accelerating capital deployment
° Portfolio Investments: = ° ° ° Record collections and accelerating capital deployment Sa ‘ortfolio Investments SEK M 2020 RTM FY 2020 Cash revenues 3265 2727 20 11993 11593 7 Cash EBITDA 2402 «1998 20 8799 8545 Resor ealllscitsm SenternnEMsS Gi Replenishment capex 1477 1223 Al 5 462 -5 355, 116% o
Slide 15: Funding: Stable funding cost, ample liquidity and constructive credit markets
Funding: Stable funding cost, ample liquidity and constructive credit markets Increasing return vs. funding cost 16.0% 120% ss * Continued healthy return gap at 8.0% <> y cee | 4.4x 4.0% * Domestic MTN bond of SEK 1.5bn Q317 Q4I7 QI18 Q21B Q318 Q418 QI19 A219 Q319 Q419 Q120 Q220 Q320 420 121 Q221 is
Slide 16: Medium-term financial targets
Medium-term financial targets: Continued progress despite ongoing pandemic Cash ROIC (RTM) Recurring - . * Continued progress towards consolidated Vv cash EPS Intrum’s medium-term financial (RTM) targets set out during the CMD in November 2020 Leverage (RTM) intrum 16
Slide 17: Final remarks
| remarks F
Slide 18: Final remarks
Final remarks * Positive economic sentiment + Strong momentum and back * Planned significant acceleration supporting normalisation book performance and of case migrations to the global accelerating capital deployment platform during H2 * CMS pace Gradual normalisation of new * Ramp-up capabilities a
Slide 19: Q&A
Q&A intrum
Slide 20: Appendix
intrum x
Slide 21: Table of Contents
Table of Contents 1. Outstanding interest rate bearing debt 2. Pro forma portfolio investments and ROI 3. Current MoM for replenishment capex calculation 4. Estimated Remaining Collections (ERC) and collection performance nsecured portfolio vintages 6. Upcoming IR activities | intrum 21
Slide 22: 1. Outstanding interest rate bearing debt
1. Outstanding interest rate bearing debt ” Nominal CY amount (M) rate Maturity date SEK 1100 1.78% 11/22/2021 Quarterly 8/23/2021 $E0012193928 SEK 750 750 2.46% 9/12/2022 Quarterly 9/13/2021 $E0013104072 SEK 2900 2900 3.23% 7/3/2023 Quarterly 7/5/2021 $E0011426295, 0 EUR 900 9100 3.13% 7/15/2024 Bi
Slide 23: 2. Pro forma portfolio investments and ROI
17.5% 17.5% 15.7% 14.7% 14.4% 11.8% 13.4%
Slide 24: 3. Current MoM for replenishment capex calculation
3. Current MoM for replenishment capex calculation EKM Q218 Q318 §«Q418 «A119, G219 «319.419 «Q120.« 220-320 «4200s tr at seen aii 2385 927 ««2538««1277,-««1436~=SB31Ss«3 780 —«1650««1267,=«837—Ss«1:256~=S«1443~—S «1680 sein the gore 5317 1825 4727 2669 281 1856 7165 3036 2944 «+1791 «2884 = 3190 3.
Slide 25: 4. Estimated Remaining Collections (ERC) and collection performance
4. Estimated Remaining Collections (ERC) and collection performance Y4 YS Y6 7 8 yo yiO YN YvI2 YI3 YI YIS italian porftfolio ERC ERC Portfolio Investment collections vs. active forecast 120% 115% 10% 105% 100% 95% 90% 85% TPSuiTan 2018 2019 2020 intrum Q218 Q318 Q418 QI19 Q219 Q319 Q419 QI20 Q220 Q
Slide 26: 4. Estimated Remaining Collections (ERC)
4. Estimated Remaining Collections (ERC) SEK bn 12.0 9.0 | LI : I l YI Y2 Y3 Y4 = sf | i | Y6 Y7 YS Y8 Yo mStrategic Markets Other markets mNordics ERC ion (SEK bn) Y1 Y2 Y3 Y4 Y5 Y6 Y7 Strategic Markets 25 40 3.6 21 18 14 1.2 Other markets 35 28 2.2 17 14 11 1.0 Nordics 23 Wo 17 15 13 1.2 11 DACH &
Slide 27: 4. Estimated Remaining Collections (ERC)
4. Estimated Remaining Collections (ERC) ERC by Asset Class ERC by Geography Real Estate Other 1% Nordics ___ Secured markets a , : za . | A Markets 29% DACH & UK 2% Unsecured 84% _— ERC by Investment Type ERC by Industry Forward Real estate Other flows 2% 6% 15% Telecom 6% Credit cards 8% Finance %
Slide 28: 5. Unsecured portfolio vintages
5. Unsecured portfolio vintages Unsecured Purchase Collections Remaining Totalestimated Total money-on- books, SEKM price todate ERC collections money multiple Constant currency vintage evolution for unsecured books A B G Bt BHC /A 350% <2010 879 22324 2131 24.455 2.80x 2.80x 2010 1940 4.736 1201 59
Slide 29: 6. Upcoming IR activities
6. Upcoming IR activities Q2 Virtual Roadshow Additional events 2021 * Organised by Citi and SEB * Carnegie Small & Mid Cap Seminar 2021 -10n 1's and group audiocast meetings 7 September 2021 + J.P. Morgan European High Yield & Leveraged Finance Conference 8 September 2021 Financial Calendar * Goldm
Slide 30: Disclaimer
Disclaimer The material in this presentation has been prepared by Intrum AB (publ\ (“Intrum’). This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommenda
Slide 31: Leading the way to a sound economy.
Leading the way to a sound economy. intrum