Eleving Group · OMXRSE:ELEVR
Eleving — FY2023 Earnings Presentation
20 slides from Eleving's earnings presentation, February 2024
Slide 1: Earnings Call Presentation 12 months 2023
Earnings Call Presentation 12 months 2023 February 2024
Slide 2: Disclaimer
Eleving Group Disclaimer The information contained in this presentation has been prepared by Eleving Group, a public company presentation is made available must make its own independent assessment of the Borrower after limited by shares (société anonyme) duly incorporated and validly existing under
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 ▪ With Eleving Group since 2015 team as CEO since November 2018 ▪ Before joining Eleving Group, spent two years in a corporate financ
Slide 4: Operational highlights
Eleving Group Operational highlights Improving operational and financial performance Revenue, mln EUR1 ▪ Adjusted revenue up by 8.9% compared to 12M In January 2024, the Group received the 2022 to EUR 191.1 mln; necessary approvals from Belarussian 191.1 175.5 ▪ Significant increase in net portfolio
Slide 5: Global scope
Eleving Group Global scope Multi-geography platform that eliminates a single-market risk Portfolio balance1 Vehicle Finance Consumer Finance as per December 2023 Latvia (LV) Moldova (MD) Albania (AL) Population2: 1.9 mln Population: 2.5 mln Population: 2.8 mln Passenger vehicles3: 0.66 mln Passenger
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, 2023 Consumer Finance, 20232 71.5k (10.5%) 12.8% (3.7 p.p.) 19.6 mln (5.5%) 894 (1.6%) 264.0k (10.8%) 40.9% (4.3 p.p.) Vehicles financed Conversion rate I
Slide 7: Financial highlights
Eleving Group Financial highlights Solid profitability driven by robust loan issuances and consistent financial performance EBITDA and adjusted EBITDA, mln EUR Capitalization ratio Equity development, mln EUR 81.8 77.21 68.1 24.9 (10.0) 63.91 35.2 (4.7) 55.01 31.3 82.4 52.6 21.6 26.3% 72.2 18.4 25.5
Slide 8: 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 29.8 77.2 22.0 191.1 63.9 175.5 55.0 148.9 16.7 2021 2022 2023 2021 2022 2023 2021 2022 2023 Interest coverage ratio Net leverage Capitaliz
Slide 9: Assets & Liabilities
Eleving Group Assets & Liabilities Sustained growth in assets Assets and Equity, mln EUR Liabilities, mln EUR Almost two thirds of the Group's funding 450 420.3 Most of the Group’s assets stems from bond & note issuances: are comprised of net loan 400 • EUR 150 mln Eurobond issued on 361.3 portfolio
Slide 10: Non-performing loans and provisioning
Eleving Group Non-performing loans and provisioning Maintaining excellent portfolio quality Net vehicle loan portfolio Net consumer loan Gross and net NPL portfolio quality analysis1 portfolio quality analysis1 35% Ukraine portfolio has As of 31 December 2023 As of 31 December 2023 been excluded fro
Slide 11: Business outlook (2024)
Eleving Group Business outlook (2024) Operational excellence and consistent growth Healthy organic growth Attract outside equity Streamlined governance Explore new growth opportunities Diversified funding structure Climate impact mitigation New-generation digital solutions FX risk management Product
Slide 12: Appendix
Eleving Group Appendix Table of Eleving Group’s product universe contents Focus on sustainability & ESG strategy for 2025 Organizational structure Income statement Balance sheet Statement of Cash Flow Glossary 12
Slide 13: Eleving Group's product universe
Eleving Group Eleving Group’s product universe A rent-to-buy product designed with ultimate flexibility in mind. Accessible financing through traditional online and offline A solution to self-employed who use mobility as a consumer loan source of income for providing for their families. products. Bo
Slide 14: Focus on sustainability
Eleving Group Focus on sustainability Eleving Group’s ESG strategy for 2025 with four key areas of action Responsible access Responsible business Employee growth and Climate impact to finance conduct well-being Responsible lending Governance Learning and development projects Reduction of portfolio e
Slide 15: Organizational structure
Eleving Group Organizational structure Mogo, Renti, Primero, Mogo Mogo, Primero Sebo OX Drive Mogo, Renti, Primero Mogo Mogo Tigo Mogo Mogo Mogo Kredo Mogo Express Credit Express Credit Express Credit Express Credit 15
Slide 16: Income statement
Eleving Group Income statement EUR mln 2019 2020 2021 2022 2023 Interest revenue calculated using the effective interest method 68.0 73.7 139.9 162.5 178.1 Interest expense calculated using the effective interest method (21.2) (24.9) (29.0) (31.1) (37.5) Net interest income 46.8 48.8 110.8 131.4 140
Slide 17: Balance sheet
Eleving Group Balance sheet Assets, EUR mln 2019 2020 2021 2022 2023 Equity & Liabilities, EUR mln 2019 2020 2021 2022 2023 ASSETS EQUITY Goodwill 4.1 6.6 4.2 4.7 6.3 Share capital 1.0 1.0 1.0 1.0 2.9 Internally generated intangible assets 3.6 5.9 7.5 8.6 10.3 Retained earnings 21.4 22.9 22.3 37.3 4
Slide 18: Statement of cash flow
Eleving Group Statement of cash flow EUR mln. 2019 2020 2021 2022 2023 EUR mln 2019 2020 2021 2022 2023 Cash flows from operating activities Cash flows from investing activities Profit before tax 6.9 0.9 13.2 25.4 31.1 Purchase of property, plant and equipment and (5.4) (4.0) (6.0) (5.1) (5.4) intan
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 ▪ Impairment coverage ratio—total impairment/gross non-performing loans (NPLs) revenue calculated using the effective interest method
Slide 20: Thank you!
20 Thank you! Eleving Group Eleving Group Māris Kreics Skanstes street 52 Edgars Rauza Skanstes street 52 Group Chief Financial Officer LV-1013 Riga, Latvia Investor Relations Manager LV-1013 Riga, Latvia E-mail: maris.kreics@eleving.com www.eleving.com E-mail: edgars.rauza@eleving.com www.eleving.c