Slide 1: Results presentation First quarter 2026
Results presentation First quarter 2026
Slide 2: First quarter 2026 highlights
First quarter 2026 highlights Servicing leverage ratio2 First quarter of new strategy implementation. Overall financial 5.8x 3.0x development according to plan, with cost reductions ahead of Current Target plan and servicing income slightly behind; both trends were RTM1 2030 compounded by FX effects
Slide 3: Servicing: Stable margins
Servicing: Stable margins External Servicing income (SEK m) & Organic growth (%) External Servicing income Organic growth 3,466 • Organic growth in traditional 3,348 3,093 3,201 3,028 markets only partially offset 2,911 2,979 2,916 2,737 natural decline in specialised markets +3% +1% • Client satisf
Slide 4: Investing: RTM collections above expectations
Investing: RTM collections above expectations Gross collections (SEK bn) & collection index vs original and active forecast (RTM %) • Collections in line with our Back book active forecast with a Gross Collections sale (2024) Collection index RTM1 14 performance index 100% for the 116% quarter 114%
Slide 5: Progress in AI implementation and process automation
Progress in AI implementation and process automation Document AI Voice AI Email AI • Millions of documents per year • Millions of phone calls per year • Millions of emails processed per year handled manually and semi-manually managed by people manually, and semi-manually Description • Automation of
Slide 6: First quarter financials
First quarter financials
Slide 7: Group key financials
Group key financials First quarter 12 months SEK bn % % SEK m Q1 2026 Q1 2025 Change RTM FY 2025 Change Total income 3,754 4,276 -12 16,509 17,030 -3 17.9 Total income RTM Share of associates and JVs 120 88 37 564 532 6 -8% Total costs -2,922 -3,322 -12 -16,745 -17,147 -2 16.5 Net credit gains/losse
Slide 8: Visualisation of JV value in our financial statements
Visualisation of JV value in our financial statements Impact of Savoy group consolidation in Group and Investing segment SEK m Q1 2026 Profit & Loss Net credit gains/losses +561 Revaluation of portfolio in Savoy group Net financial expense -307 Impairment of a financial asset related to notes of Sav
Slide 9: Servicing
Servicing First quarter 12 months Servicing adjusted EBIT (RTM) SEK bn Servicing adjusted EBIT margin (RTM) % % 25% SEK m Q1 2026 Q1 2025 Change RTM FY 2025 Change External income 2,737 3,028 -10 11,979 12,270 -2 Internal income 336 367 -8 1,529 1,560 -2 3.4 3.5 3.4 3.3 Total income 3,073 3,395 -9 1
Slide 10: Investing
Investing RTM avg. net unlevered underwriting IRR Cost of funds First quarter 12 months % % 22% SEK m Q1 2026 Q1 2025 Change RTM FY 2025 Change 20% 19% Income 1,013 1,243 -18 4,487 4,717 -5 Share of associates and JVs 90 72 25 481 463 4 18% Unlevered net IRR Total costs -590 -729 -19 -2,374 -2,515 -
Slide 11: First quarter summary
First quarter summary
Slide 12: Intensive start to the year
Intensive start to the year Investing Topline development slightly behind plan Quarterly collection index 100% vs active forecast Positive sales momentum SEK 345m New investments at 19% IRR Stable adjusted EBIT margin Execution of new strategy launched with full management team in place Operational
Slide 13: Appendix
Appendix
Slide 14: Content
Content 1 Intrum’s markets structure 2 Outstanding debt 3 Net debt and maturity profile 4 Portfolio investments including associates and JVs 5 Current Money-on-Money multiple 6 Estimated Remaining Collections (ERC) 7 Associates and joint ventures 8 Unsecured portfolio vintages 9 Financial calendar ©
Slide 15: Intrum's markets structure
1. Intrum’s markets structure Traditional markets are debt servicing markets with similar business models. These include Austria, Belgium, Denmark, Finland, France, Germany, Ireland, the Netherlands, Norway, Poland, Portugal, Sweden, and Switzerland Specialised markets are characterised by bespoke s
Slide 16: Outstanding debt
2. Outstanding debt Currency Nominal amount (m) Amount in SEK m Coupon rate Coupon frequency Maturity date ISIN Exchange notes EUR 332 3,636 7.75% Quarterly 11/09/2027 XS3099983598 SEK 418 418 7.75% Quarterly 11/09/2027 XS3099986427 EUR 614 6,717 7.75% Quarterly 11/09/2028 XS3099990296 SEK 795 795 7
Slide 17: Net debt and maturity profile
3. Net debt and maturity profile Net debt (SEK bn) 48.8 48.0 0.7 46.1 1.9 -3.4 45.4 External debt Notes payable Borrowings Other Gross Debt Cash and Cash Net debt obligations Equivalents Maturity profile (SEK bn) Term loan New Money Notes Exchange notes RCF 12.0 5.8 7.5 7.2 9.0 4.1 0.3 0.3 2026 2027
Slide 18: Portfolio investments incl. associates and joint ventures
4. Portfolio investments incl. associates and joint ventures 24% RTM avg. net unlevered underwriting IRR FY Q1 2026 22% 20% 19% 19% 20% 18% 16% 16% 14% 13% 13% 14% 12% 12% 13% 12% 10% 11,854 8% 6% 4% 7,857 8,106 7,324 7,537 2% 0% 5,509 5,012 -2% -4% 1,739 -6% 1,151 345 -8% 2017 2018 2019 2020 2021 2
Slide 19: Current Money-on-Money multiple
5. Current Money-on-Money multiple SEK m Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Purchase price of portfolios acquired in 1,675 2,854 409 528 328 364 294 486 264 136 294 432 227 quarter Lifetime ERC of portfolios acquired in 3,936 6,738
Slide 20: Estimated Remaining Collections (ERC)
6. Estimated Remaining Collections (ERC) SEK bn 15-year ERC of SEK 49.2bn 10 30% of ERC due next 24 months 8 6 4 2 0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13 Y14 Y15 Traditional markets Specialised markets Investing-focused markets ERC distribution (SEK bn) Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y
Slide 21: Estimated Remaining Collections (ERC)
6. Estimated Remaining Collections (ERC) ERC by asset class Real Estate ERC by geography Other 1% UK Secured 18% 17% 14% Denmark 4% Sweden Italy 4% 15% Greece 5% Germany Unsecured 6% Spain 85% Hungary 13% 7% Netherlands 11% ERC by investment type ERC by industry Real estate Other Forward 1% 7% flows
Slide 22: Associates and joint ventures
7. Associates and joint ventures Portfolio Geography Senior ranking debt Intrum Investment Investment (Intrum), Cash received to date Current ERC (Intrum), remaining, share (Senior excluded), SEK m (Intrum), SEK m SEK m % SEK m Orange EU 1,641 35% 1,534 298 3,277 Portland Italy 300 29% 234 69 145 Wi
Slide 23: Unsecured portfolio vintages
8. Unsecured portfolio vintages Unsecured Purchase Collections Remaining Total estimated Total money-on- Constant currency vintage evolution for unsecured books books. SEK m price to date ERC collections money multiple 4.20x A B C B + C B + C / A 3.50x <2010 5,464 14,940 975 15,915 2.91x 2010 1,362
Slide 24: Financial calendar 2026
9. Financial calendar 2026 23 July 2026 Interim report second quarter 2026 23 October 2026 Interim report third quarter 2026 © Intrum 24
Slide 25: Disclaimer
Disclaimer • The material in this presentation has been transactions. currency risk. This presentation • All securities and financial product or prepared by Intrum AB (publ) (“Intrum”). may contain forward looking statements instrument transactions involve risks. which • This information is given in
Slide 26: © Intrum
© Intrum