Eleving Group · OMXRSE:ELEVR
Eleving — Q1 2022 Earnings Presentation
20 slides from Eleving's earnings presentation, May 2022
Slide 1: Earnings Call Presentation 3 months 2022
Earnings Call Presentation 3 months 2022 May 2022
Slide 2: Disclaimer
Eleving Group Disclaimer The information contained in this presentation has been prepared by Eleving Group, a public company limited by shares (société appraisal or investigation of the Borrower. anonyme) duly incorporated and validly existing under the laws of the Grand-Duchy of Luxembourg, having
Slide 3: Presenters
Eleving Group Presenters Modestas Sudnius Maris Kreics Chief Executive Officer Chief Financial Officer ▪ With Eleving Group since 2013, part of the Group’s management team as CEO since ▪ With Eleving Group since 2015 November 2018 ▪ Before joining Eleving Group, he spent two years in a corporate fin
Slide 4: Operational highlights
Eleving Group Operational highlights Improving operational and financial performance Revenue, mln EUR1 Substantial increase in performance levels during the Subscription-based product, launched in Q4 2021, has 45.5 period: successfully onboarded its first customers and fleet value 153.8 ▪ Revenue up
Slide 5: Considerations regarding Ukraine & Belarus
Eleving Group Considerations regarding Ukraine & Belarus Focus on warfare affected territories Net portfolio development, mln EUR Belarus Sales activities: • Sales currently on hold. Forecast 25 15.0% 20.7 Operational activities: 19.9 20.3 19.3 • Reorganization of the existing personnel; 20 12.0% •
Slide 6: Non-financial KPIs
Eleving Group Non-financial KPIs Leveraging data to provide up to date products to customers and highest returns to shareholders Vehicle Finance, Q1 2022 Consumer Finance, Q1 2022 21.0k 17.8% 5.8 mln 4.4k 168.2k 44.7% Vehicles financed Conversion rate Interactions with clients Dealer partnerships Lo
Slide 7: Global scope
Eleving Group Global scope Multi-geography platform that eliminates a single-market risk Portfolio balance1 Vehicle Finance Consumer Finance as of 31.03.2022 Latvia (LV) Moldova (MD) Albania (AL) Population2: 1.9 mln Population: 2.6 mln Population: 2.8 mln Passenger vehicles3: 0.66 mln Passenger veh
Slide 8: Financial highlights
Eleving Group Financial highlights Solid profitability driven by the robust loan issuances and consistent financial performance EBITDA and adjusted EBITDA, mln EUR Capitalization ratio Equity development, mln EUR 4.5 52.5 60.61 26.0% 48.7 -0.7 49.01 20.7% 21.0% 45.4 19.4 18.4% 34.81 16.2 17.8 9.7 41
Slide 9: Financial highlights
Eleving Group Financial highlights Financial results manifest the improving performance Revenue, mln EUR1 EBITDA, mln EUR2 Net Profit before FX effect, mln EUR3 153.8 60.6 18.4 88.3 34.8 17.1 4.9 5.9 45.5 13.4 3.7 31.7 2020 2021 Q1 2021 Q1 2022 2020 2021 Q1 2021 Q1 2022 2020 2021 Q1 2021 Q1 2022 Int
Slide 10: Assets & Liabilities
Eleving Group Assets & Liabilities Sustained growth in assets Assets and Equity, mln EUR Liabilities, mln EUR 400 Most of total assets are comprised Two thirds of Group's funding sources are comprised of net loan portfolio, used car rent from issued bonds: 342.4 320.0 portfolio, and cash • EUR 150 m
Slide 11: Non-performing loans and provisioning
Eleving Group Non-performing loans and provisioning 11 Maintaining excellent portfolio quality Net vehicle loan portfolio Net consumer loan portfolio Gross and net NPL portfolio quality analysis quality analysis As at 31.03.2022 As at 31.03.2022 35% 30% 25% 20% 2.6% 15% 5.1% 2.9% 9.5% 10% 5% 0% Q2 2
Slide 12: Outlook – Products & Services
Eleving Group Outlook – Products & Services Become an ultimate mobility platform Products & Services Product strategy Processes Maintain organic growth in existing Vehicle leasing for pre-owned cars markets ▪ Further automation of loan issuances and underwriting processes for seamless Financing cust
Slide 13: Appendix
Eleving Group 13 Appendix Table of Focus on sustainability contents Operational structure Corporate brand change Income statement Balance sheet Statement of Cash Flow Glossary
Slide 14: Focus on sustainability. ESG strategy for 2025
Eleving Group Focus on sustainability. ESG strategy for 2025 Eleving Group's four areas of action Responsible access Responsible business conduct Employee growth and Climate impact to finance well-being Responsible lending Governance Learning and development projects Reduction of portfolio environme
Slide 15: Organizational structure
Eleving Group Organizational structure GROUP VEHI C LE C ONSUM ER FI NANC E FI NANC E SEBO VEHICLE VEHICLE VEHICLE AFRICA & EASTERN EUROPE CAUCASUS & ESTONIA ASIA TIGO MOGO MOGO, RENTI, PRIMERO MOGO KREDO MOGO MOGO, RENTI MOGO INSTAFINANCE MOGO MOGO, PRIMERO MOGO MOGO MOGO 15
Slide 16: Income statement
Eleving Group Income statement EUR mln 2018 2019 2020 2021 Q1 2021 Q1 2022 Interest revenue calculated using the effective interest method 54.4 68.0 73.7 136.5 27.4 42.2 Interest expense calculated using the effective interest method (14.2) (21.2) (24.9) (28.2) (6.9) (6.9) Net interest income 40.2 4
Slide 17: Balance sheet
Eleving Group Balance sheet Assets, EUR mln 2018 2019 2020 2021 Q1 2022 Equity & Liabilities, EUR mln 2018 2019 2020 2021 Q1 2022 ASSETS EQUITY Goodwill 1.7 4.1 6.6 4.2 4.2 Share capital - 1.0 1.0 1.0 1.0 Internally generated intangible assets 1.9 3.6 5.9 7.5 8.2 Retained earnings 15.1 21.4 22.9 22.
Slide 18: Statement of cash flow
Eleving Group Statement of cash flow EUR mln 2018 2019 2020 2021 Q1 2021 Q1 2022 EUR mln 2018 2019 2020 2021 Q1 2021 Q1 2022 Cash flows to/from operating activities Cash flows to/from investing activities Profit/(loss) before tax 5.7 6.9 0.9 13.5 4.9 6.5 Purchase of property, plant and equipment and
Slide 19: Glossary
Eleving Group Glossary Definitions and Alternative Performance Measures ▪ Average income yield on net loan and used car rent portfolio—the sum of annualized interest revenue calculated using the effective interest method and revenue from rent/average net loan and used car rent portfolio ▪ Average ne
Slide 20: Thank you!
Thank you! Eleving Group Eleving Group