Slide 1: Second Quarter 2022 Earnings Results
Second Quarter 2022 Earnings Results August 23, 2022
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer This presentation contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Refor m Ac
Slide 3: 2Q & 1H 2022 Financial and Operating Highlights
2Q & 1H 2022 Financial and Operating Highlights Diversified strategy strengthened business Enhanced omnichannel marketing capabilities 1 resilience and supported revenue growth 2 enabled digital transformation of the FSPs Driving digital transformation throughout the Exploring different consumpt
Slide 4: 2Q & 1H 2022 Financial and Operating Highlights
2Q & 1H 2022 Financial and Operating Highlights Q2 2022 VS. Q2 2021 Sustained growth momentum to realize Remained disciplined in cost optimization to 3 ongoing efficiency improvements 4 further reduce losses ROI of Recommendation Services, Advertising and Marketing Services and Other Services 1 1.26
Slide 5: Solid Revenue Growth Supported by Our Diversification Strategy
Solid Revenue Growth Supported by Our Diversification Strategy Total Revenue Breakdown RMB mm 473 +38% 81 +34% 344 43 26 265 63 38 198 236 23 13 36 180 138 102 113 67 75 47 2Q 2021 2Q 2022 1H 2021 1H 2022 Loan Recommendation Credit Card Recommendation Big Data and System-based Risk Management Advert
Slide 6: Business Efficiency Gains and ROI Growth
Business Efficiency Gains and ROI Growth ROI of Recommendation Services, Advertising and Marketing Services and Other Services 1 ROI of Recommendation Services, Recommendation Services Advertising and Marketing Services and Other Services Advertising, Marketing and Other Services 1.26 3 10 percentag
Slide 7: Cost and Expenses Optimization Improvements
Cost and Expenses Optimization Improvements Operating Expenses and Expenses as % of Total Revenue RMB mm Operating Expenses Expenses as % of Total Revenue - 15% 210 183 22 percentage 65 points 57 20 percentage - 19% points 19% 18% 106 70 89 59 35 20% 12% 17% 10% 26 33 11% 13% 29 75 67 22% 19% 38 33
Slide 8: Reduced Impact from Operational Losses
Reduced Impact from Operational Losses Loss from Operations and Net Loss RMB mm Loss from Operations 160 Net Loss 50.0% Operating Loss Margin Net Loss Margin 160 50.0% 140 - 7% - 34% 140 -13.5% -18.8% 0.0% -13.5% 120 0.0% -19.1% 120 -22.5% -27.9% -50.0% 100 100 -35.1% -39.8% -50.0% 80 -100.0% 80 - 4
Slide 9: Continued Efficiency Gain and Cost Optimization Leading To Significant Margin Improvement
Continued Efficiency Gain and Cost Optimization Leading To Significant Margin Improvement Operating, Net and Non-GAAP Loss Margins Operating Loss Margin Net Loss Margin We continued to lead the market as an Non-GAAP Loss Margin 1 independent platform and our social media and partner program kept d
Slide 10: Appendix
Appendix 10 10
Slide 11: Consolidated Balance Sheet Data
Consolidated Balance Sheet Data Note: Assumes USD RMB FX rate of 6.6981 As of December 31, 2021 As of June 30, 2022 As of June 30, 2022 (in Millions) (RMB) (RMB) (USD) Current Assets: - Cash and cash equivalents 444.9 377.3 56.3 - Time deposits 10.0 - - - Restricted cash, time deposits and investmen
Slide 12: Unaudited Income Statement Data
Unaudited Income Statement Data For the Three Months Ended June 30, For the Six Months Ended June 30, 2021 2022 2022 2021 2022 2022 (in Millions) (RMB) (RMB) (USD) (RMB) (RMB) (USD) Revenues: Recommendation Services: Loans 47.0 66.5 9.9 75.1 113.1 16.9 Credit Cards 101.6 138.2 20.6 179.8 235.8 35.2