Axactor Asa · OSL:ACR
Axactor Asa — Arctic Securities Nordic Debt Collection Webinar (January 2026)
17 slides from Axactor Asa's conference presentation, Jan 9, 2026
Slide 1: Nordic Debt Collection Webinar
Arctic Securities Nordic Debt Collection Webinar Johnny Tsolis, CEO January 9th, 2026
Slide 2: The Axactor Group has in only 10 years been established as a leading European player
The Axactor Group has in only 10 years been established as a leading European player in the collection industry Axactor platform Geographical presence Portfolio acquisition • Established in 2015 with • Operations in six countries; • Non-performing loan portfolio of headquarters in Oslo, Norway Finla
Slide 3: Solid offering within core products demanded by banks and financial institutions
Solid offering within core products demanded by banks and financial institutions Pre-collection Debt collection Portfolio acquisition • Reminder services by written • Outsourcing of debt collection • Purchase of non-performing communication or phone treatment from first day of loans either in one-of
Slide 4: Axactor focus on having a uniform IT platform in most areas to ensure scalability
Axactor focus on having a uniform IT platform in most areas to ensure scalability and cost efficiency… Business Axactor Infrastructure ERP Dialer1 CRM Project system HR intelligence 4 1 Migration to Genesys in progress
Slide 5: Core collection systems use software tailored for local regulations and collection practices
…while core collection systems use software that are tailored for local regulations and collection practices 5
Slide 6: Continuously working to improve operational excellence
Continuously working to improve operational excellence Key operational improvements 2025 Site consolidation in IT infrastructure Migration of dialer New management Italy completed migration completed system initiated in Germany Realizing cost synergies and Improving cost efficiency Omnichannel syste
Slide 7: Key competitive advantages: Prepared for growth through standardized processes and a lean organization
Key competitive advantages: Prepared for growth through standardized processes and a lean organization Pan-European presence with deal access All markets with strong growth potential, and Axactor uniquely positioned with solid relationships and possibility to invest heavily across the whole range of
Slide 8: Financial highlights for the third quarter
Financial highlights for the third quarter Double-digit revenue growth with solid contribution from both segments • Gross revenue growth of 11% y-o-y1 • Total revenue growth of 12% y-o-y in combination with a contribution margin expansion of 2%-points Solid EBITDA of EUR 33m, up from EUR 27m last ye
Slide 9: Collection as expected in line with active forecast YTD
Collection as expected in line with active forecast YTD Collection performance Comments 98% 99% 101% 102% 98% • Collection performance of 98% for the quarter 92% 93% 94% 90% and 100% YTD • Supported by Q4’24 revaluation • Expect collection in line with forecast going forward Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 10: Continued double-digit growth on 3PC
Continued double-digit growth on 3PC 3PC total revenue1 Comments EURm • 3PC segment with continued momentum +19% • Growth in all markets +6% 16 • Norway and Spain primary growth drivers 15 15 15 15 13 13 12 12 • Spain growth fueled by successful partnership with major investment fund • On track to o
Slide 11: Double-digit annualized ROE YTD
Double-digit annualized ROE YTD - Increasing to 11% excluding NRIs Return on equity to shareholders 10% 9% 7% 6% 1% 2% -6% -6% -9% -19% 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD Q3’251 11 1 Annualized
Slide 12: Financial targets for 2026
Financial targets for 2026 Growth Profit Returns Leverage2 NPL investments of Minimum 12% ROE1 in 20 - 50% dividend pay- Maximum leverage of EUR 100 – 200 million 2026 out ratio annually 3.5x in 2026 annually 12 1 Assuming EURIBOR and STIBOR of 2.0% and NIBOR of 2.9% in 2026. The target is excluding
Slide 13: 2025 had refinancing in focus, providing financial flexibility for 2026
2025 had refinancing in focus, providing financial flexibility for 2026 Successful refinancing initiatives Debt structure as of Q3 20251 EURm 125 884 • In Q2 the company successfully extended the 498 RCF at compelling terms and issued a new 4- year EUR 125m bond (ACR05) • In Q3, the company secured
Slide 14: Smaller-sized portfolios sold to ensure a healthy balance sheet and renew the NPL stock
Smaller-sized portfolios sold to ensure a healthy balance sheet and renew the NPL stock During Q4 2025, Axactor entered into binding agreements to sell smaller-sized portfolios in Germany and Spain Oldest remaining vintages Total proceeds approximately EUR 15 million Premium of more than 20% over bo
Slide 15: Bond spreads have improved, and S&P rating revised to stable
With refinancing in place, bond spreads have improved, and S&P rating revised to stable Daily mid price, % of par Revised credit outlook from S&P Global Ratings 108 106 ACR04 104 ACR05 102 ACR03 100 Axactor ASA Outlook 98 Revised To Stable From 96 Negative As Short-term Refinancing Risk 94 Decreases
Slide 16: 10 years after inception, Axactor is ready to leverage its optimized platform to grow
10 years after inception, Axactor is ready to leverage its optimized platform to grow profitable scale Gross revenue, EUR million 650 600 PHASE 1 PHASE 2 PHASE 3 550 Establishment Optimize platform Grow scale 500 450 400 350 337 344 336 308 318 300 280 289 250 200 153 150 99 100 50 40 0 1 2015 2016
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Axactor — Arctic Securities Nordic Debt Collection Webinar (January 2026) on 6ix