Eleving Group · OMXRSE:ELEVR
Eleving — Q1 2023 Earnings Presentation
20 slides from Eleving's earnings presentation, May 2023
Slide 1: Earnings Call Presentation 3 months 2023
1 Earnings Call Presentation 3 months 2023 May 2023
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 Stable development in key performance Midst Q1, the premium vehicle financing brand 183.9 Primero was rolled out in Lithuania, thus indicators during the period: 153.7 making the product available
Slide 5: 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 Subscription-based product of brand-new cars for online and offline clients searching for immediate mobility solutions. consumer loan products. A
Slide 6: Global scope
Eleving Group Global scope Multi-geography platform that eliminates a single-market risk Portfolio balance1 Vehicle Finance2 Consumer Finance as per March 2023 Latvia (LV) Moldova (MD) Albania (AL) Population3: 1.9 mln Population: 2.6 mln Population: 2.8 mln Passenger vehicles4: 0.66 mln Passenger v
Slide 7: 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, Q1 2023 Consumer Finance, Q1 20232 18.6k (0.2%) 14.8% (0.8 p.p.) 4.8 mln (1.8%) 830 (2.7%) 63.4k (9.0%) 38.3% (2.0 p.p.) Vehicles financed Conversion rate
Slide 8: 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 74.1 70.01 27,4% 5.3 57.51 21,6 18,4 73,2 71,9 52.6 25,8% 25,6% (5.1) (1.5) 17,4 23,0% 20,7
Slide 9: 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 183,9 27,8 69,9 156,9 57,5 19,9 45,5 44,7 16,4 18,9 5,9 7,3 2021 2022 3M 2022 3M 2023 2021 2022 3M 2022 3M 2023 2021 2022 3M 2022 3M 2023 I
Slide 10: Assets & Liabilities
Eleving Group Assets & Liabilities Sustained growth in assets Assets and Equity, mln EUR Liabilities, mln EUR More than two thirds of the Group's 400 376,0 Most of the Group’s assets funding stems from bond & note 361,3 are comprised of net loan issuances: 320,0 portfolio, used car rent • EUR 150 ml
Slide 11: 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 analysis portfolio quality analysis As per March 2023 As per March 2023 30% Ukraine portfolio has been excluded from 25% Consum
Slide 12: Outlook – Products & Services
Eleving Group Outlook – Products & Services Outlook – Products & Services Product strategy for Processes Products & Services next 12 months ▪ Further automation of loan issuance and underwriting processes for seamless customer experience and efficient resource Vehicle leasing for Maintain organic gr
Slide 13: Appendix
Eleving Group Appendix Table of Focus on sustainability & ESG strategy for 2025 contents Organizational structure Income statement Balance sheet Statement of Cash Flow Glossary 13
Slide 14: Focus on sustainability. ESG strategy for 2025
Eleving Group Focus on sustainability. ESG strategy for 2025 Eleving Group's four 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 environme
Slide 15: Organizational structure
Eleving Group Organizational structure MOGO, RENTI, RENTI PLUS, MOGO MOGO, RENTI PLUS SEBO PRIMERO MOGO, RENTI, PRIMERO MOGO MOGO TIGO MOGO MOGO MOGO KREDO MOGO MOGO 15
Slide 16: Income statement
Eleving Group Income statement EUR mln 2019 2020 2021 2022 3M 2022 3M 2023 Interest revenue calculated using the effective interest method 68.0 73.7 139.9 170.5 42.2 41.8 Interest expense calculated using the effective interest method (21.2) (24.9) (29.0) (32.0) (6.9) (8.7) Net interest income 46.8
Slide 17: Balance sheet
Eleving Group Balance sheet Assets, EUR mln 2019 2020 2021 2022 1Q 2023 Equity & Liabilities, EUR mln 2019 2020 2021 2022 1Q 2023 ASSETS EQUITY Goodwill 4.1 6.6 4.2 4.7 4.7 Share capital 1.0 1.0 1.0 1.0 1.0 Internally generated intangible assets 3.6 5.9 7.5 8.6 9.1 Retained earnings 21.4 22.9 22.3 3
Slide 18: Statement of cash flow
Eleving Group Statement of cash flow EUR mln 2019 2020 2021 2022 3M 2022 3M 2023 EUR mln 2019 2020 2021 2022 3M 2022 3M 2023 Cash flows from operating activities Cash flows from investing activities Profit/(loss) before tax 6.9 0.9 13.2 25.8 6.5 7.1 Purchase of property, plant and equipment and (5.4
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 Toms Haralds Vecvagars 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: toms.vecvagars@eleving.com w