Slide 1: Earnings Call Presentation Q1 2021
EARNINGS CALL PRESENTATION Q1 2021 MAY 2021
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation has been prepared by purposes referred herein. The presentation and any further for or purchase any securities in the Borrower, nor shall it, or the fact Mogo Finance S.A. (registered with the Luxembourg Trade and confidential information mad
Slide 3: Presenters
PRESENTERS Modestas Maris Julia Sudnius Kreics Lebedinska-Litvinova Chief Executive Officer Chief Financial Officer Chief Risk Officer At Mogo Finance since 2013 At Mogo Finance since 2015 At Mogo Finance since 2019 Started as a country manager for Lithuania, where established Before joining Mogo Fi
Slide 4: Mogo Finance becomes Eleving: Our Mission
Eleving Group 4 Mogo Finance becomes Our Mission
Slide 5: Reasons for rebranding
Eleving Group 5 Reasons for rebranding Outgrown umbrella brand Growing product range Alignment with our approach
Slide 6: Operational highlights
Eleving Group 6 Operational highlights Revenue, mln € 30.5 33.6 24.2 20.4 13.3 11.9 6.7 20.4 17.5 18.6 20.3 Net portfolio, mln € Vehicle sales income, mln € 191.8 204.9 202.6 176.0
Slide 7: Financial highlights
Eleving Group 7 Financial highlights and normalized EBITDA reaches EUR 14.5 million EBITDA, mln €* Capitalisation ratio 20.7 23.5% 14.5 18.5% 18.4% 10.2 15.2% 6.1 Equity development, mln € 43,8 5,6 -0,5 31,6
Slide 8: Financial highlights
Eleving Group 8 Financial highlights Revenue, mln € 1 EBITDA, mln € 2 Net profit before FX, mln € 3 Interest coverage ratio Cost to income ratio 4 Capitalisation ratio
Slide 9: Assets & Liabilities
Eleving Group 9 Assets & Liabilities Assets and Equity, mln € Liabilities, mln €
Slide 10: Diversified Loan Portfolio
Eleving Group 10 Diversified Loan Portfolio Net loan and used car rent portfolio by region, mln €
Slide 11: Non-performing loans and provisioning
Eleving Group 11 Non-performing loans and provisioning Net vehicle loan Net consumer loan Gross and net NPL portfolio portfolio quality analysis portfolio quality analysis 8% 6% 2% 8% 84% 92%
Slide 12: Outlook for 2021
Eleving Group 12 Outlook for 2021 Business & Product Development Processes Capital management Social Impact
Slide 13: Appendix: Table of contents
Eleving Group 13 Appendix Table of contents Premium car financing business case Operational structure Income statement Balance sheet Statement of Cash Flow
Slide 14: Premium car financing business case
Eleving Group 14 Premium car financing* Unit economics business case Revenue Cost of funding Credit loss** Mogo/Eleving Bank Opex and sales Funding capital, Lending Strategy and reporting, risk know-how, key business management Tax processes, IT Comissions & decisions Interest on allignment Outcome
Slide 15: Group operational structure
GROUP VEHICLE CONSUMER FINANCE FINANCE SEBO VEHICLE VEHICLE VEHICLE AFRICA & EASTERN EUROPE CAUCASUS & ASIA ESTONIA TIGO MOGO MOGO MOGO KREDO MOGO MOGO MOGO INSTAFINANCE MOGO MOGO MOGO MOGO MOGO
Slide 16: Income statement
Eleving Group 16 Income statement Interest revenue calculated using the effective interest method Interest expense calculated using the effective interest method Net interest income Fee and commission income Revenue from rent Total net revenue Impairment expense Expenses related to peer-to-peer plat
Slide 17: Balance sheet
Eleving Group 17 Balance sheet Equity & Liabilities, EUR m 2018 2019 2020 Q1 2021 ASSETS EQUITY Goodwill 1.7 4.0 6.6 6.6 Share capital 0.0 1.0 1.0 1.0 Internally generated intangible assets 1.9 3.6 5.9 6.8 Retained earnings 15.1 21.1 22.9 26.4 Other intangible assets - - 2.3 2.2 Foreign currency tra
Slide 18: Statement of cash flow
Eleving Group 18 Statement of cash flow Cash flows to/from operating activities Cash flows to/from investing activities Profit/(loss) before tax 5.7 6.6 0.9 (3.6) 4.9 Purchase of property, plant and equipment and (1.9) (4.9) (3.9) (1.0) (2.3) intangible assets Adjustments for: Purchase of rental fle
Slide 19: Thank you!
Thank you! Eleving Group Investor Relations