Delfingroup As · OMXRSE:DGR1R
Delfingroup As — Q2 2019 Earnings Presentation
16 slides from Delfingroup As's earnings presentation, August 2019
Slide 1: Investor Presentation 2019Q2 Results
INVESTOR PRESENTATION 2019Q2 RESULTS August, 2019
Slide 2: Disclaimer
DISCLAIMER This presentation is of selective nature and is made to provide an overview of the Company’s (SIA “ExpressCredit” and its subsidiaries) business, based on 2019 Q2 results. Unless stated otherwise, this presentation shows information from consolidated perspective. Facts and information use
Slide 3: Business Profile, Brands, Values
BUSINESS PROFILE: BRANDS: VALUES: Simplicity 3rd largest non bank consumer lender Pawn loans Accessibility in Latvia* Consumer loans Respect Progress GROUP: KEY FINANCIALS: 87 branches 26.6 mEUR net loan portfolio (2019Q2) 270+ employees 3.7 mEUR EBITDA 2009 2017 3 199 000+ loan issue (2019Q2 cumula
Slide 4: Highlights
HIGHLIGHTS 26.6 12.5 1.9 1.9 1.9 11.0 10.6 20.2 20.8 1.8 1.8 19.0 In 2019Q2, Group has increased issuance 10.0 10.2 17.6 level by 25% compared to 2018Q2. Weighted average loan term has increased to record 608 days. 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2018Q2 2018Q3 2
Slide 5: Market Overview: Consumer Loans
MARKET OVERVIEW: CONSUMER LOANS Consumer loan portfolio in EUR million as at 2017 and 2018, Industry* and ExpressCredit group comparison. Growth ExpressCredit* grows 17.2% 285 Growth 17 faster than the industry, 243 31.0% having 6%** market 13 share. Industry ExpressCredit Amount of consumer loans i
Slide 6: Market Overview: Pawn Loans
MARKET OVERVIEW: PAWN LOANS Pawn loan portfolio in EUR million in 2017 and 2018, Industry* and ExpressCredit comparison. In 2018 40% of all pawn 6.6 6.5 loans issued in Latvia 1.9 2.1 were issued by ExpressCredit. Industry ExpressCredit The market share is Amount of pawn loans issued in EUR million
Slide 7: Consumer Loans
CONSUMER LOANS 65% of loans issued by value in 2019Q2 6.0 2018Q2 14.6 6.2 2018Q3 16.1 6.9 LOANS ISSUED, mEUR 2018Q4 17.1 NET LOAN PORTFOLIO*, mEUR 6.3 2019Q1 17.7 * Loan portfolio data based on ExpressCredit group net consumer loan portfolio incl. 8.2 accrued interest. 2019Q2 23.5
Slide 8: Consumer Loans
CONSUMER LOANS Average loan tranche Average loan size per Weighted average term Non-performing loans ratio size per issue customer of loans issued € 222 € 184 € 577 608 days 4.0% 5.0% € 430 325 days 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2018Q2 2018Q3 2018Q4 2019Q1 201
Slide 9: Pawn Loans
PAWN LOANS 35% of loans issued by value in 2019Q2 4.1 2018Q2 1.9 3.9 2018Q3 1.9 4.1 LOANS ISSUED, mEUR 2018Q4 2.1 NET LOAN PORTFOLIO, mEUR* 4.3 2019Q1 * Includes car title loan and mortgage loan legacy portfolios 2.1 4.4 2019Q2 2.0
Slide 10: Pawn Loans
PAWN LOANS Average loan size Pawn mark-up: Redemption rate* per issue: € 63 77% Stable customer base and 48% 45% stable performance of 72% pawnshop operations. € 59 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 * Items begin redeemed or exte
Slide 11: Key Financials
KEY FINANCIALS 14.2 Cash inflow 11.5 10.3 8.8 12.5 Cash outflow 9.4 2019Q2 marks a record high amount of issued loans, resulting in the highest ever 9.0 loan portfolio. 8.6 7.7 6.4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1
Slide 12: Financials
FINANCIALS 39% 37% 40% 40% 33% 3.9 3.8 1.9 1.9 1.9 1.8 1.8 3.0 3.5 2.7 2.3 2.5 2.3 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2015A 2016A 2017A 2018A EBITDA, mEUR EBITDA margin Net Debt/EBITDA ratio Net Debt/Equity ratio
Slide 13: Key Financials: Profitability
Income statement, EUR’000 2018Q2 2019Q2 %, y-o-y Interest and similar income 7 238 7 755 +7.1% Gross profit from sale of goods* 709 811 +14.4% KEY FINANCIALS: Gross profit 7 947 8 566 +7.8% PROFITABILITY Selling expense -2 901 -2 681 -7.5% Administrative expense -1 253 -1 571 +25.4% Net other income
Slide 14: Key Financials: Balance
Balance sheet, EUR’000 2019Q1 2019Q2 %, q-o-q Fixed and intangible assets 652 622 -4.6% Loans to related parties 1 081 1 085 +0.4% Net loan portfolio 20 761 26 609 +28.2% KEY FINANCIALS: Inventory and scrap 1 111 1 173 +5.6% BALANCE Other assets 554 560 +1.1% Cash 2 686 469 -82.5% In June 2019, Expr
Slide 15: Financing Structure
2019Q1, 2019Q2, Interest rate, Interest-bearing debt Maturity EUR’000* EUR’000* % Unsecured bonds 3 063 2 625 15.0% 2022/12 FINANCING Unsecured notes 4 996 4 996 14.0% 2021/10 STRUCTURE Peer-to-peer lending platform 10 821 12 923 11% - 13.5% According to issued loans Diversified financing structure
Slide 16: Ltd. ExpressCredit contact details
Ltd. “ExpressCredit” Raunas iela 44 k-1 Riga, Latvia LV-1039 kristaps.bergmanis@expresscredit.lv +371 66 15 50 06
Delfingroup AS (ExpressCredit) — Q2 2019 Earnings Presentation on 6ix