B2 Impact Asa · OSL:B2I
B2 Impact Asa — B2Holding — Arctic Nordic Debt Collection Webinar 2023
11 slides from B2 Impact Asa's conference presentation, Jan 13, 2023
Slide 1: B2Holding ASA – Arctic Nordic Debt Collection Webinar
B2Holding ASA Arctic Nordic Debt Collection Webinar 13 January 2023 Photo: Adrian / Unsplash
Slide 2: This is B2Holding
This is B2Holding NOKm Q3’22 9M’22 SEE B2H Unsecured Net revenues 797 2 261 12% Hub managed by Adjusted EBIT 373 992 WE Czech office 11% NE 41% Serviced by Veraltis Adjusted EBIT Margin 47% 43% NOK Asset Managment 19.6bn EBIT 337 725 16% CE ERC 19,590 19,590 20% Cash collections 1,244 3,704 Pol Cash
Slide 3: Highlights
Highlights Q3 performance – Strong unsecured collection performance of 104.4% – Growth in secured cash recoveries driven by REO sales of NOK 169m Operations – Restructuring of Secured business coming to an end with increased interest for co-investments – Improved scalability in key markets through i
Slide 4: Maintaining capital discipline in changing market dynamics
Maintaining capital discipline in changing market dynamics Significant increase in portfolio investments in 2022 versus 2021 and improved returns on portfolios acquired Early signs of heightened capital discipline and prudent pricing across the industry Target returns increased to reflect current un
Slide 5: Scalability across our markets
Scalability across our markets Secured markets (Veraltis Asset Management) Unsecured markets Cash collections ERC Cash collections ERC 600 12 000 900 20 000 15 000 400 8 000 600 10 000 200 4 000 300 5 000 - - - - Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q1'20 Q2'20 Q3'20 Q4'
Slide 6: Collection Performance excl. JVs
Collection Performance excl. JVs Unsecured collection performance REOs sold 949 926 115% +55% 903 853 848 106% 110% 408 103% 104% 102% 102% 105% 100% 262 +108% 95% 169 90% 82 85% 80% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3 '22 YTD '22 Collection Performance % Book Value Sales Proceeds Secured recoveries –
Slide 7: Positive cash earnings and low leverage
Positive cash earnings and low leverage Cash flow Q3 2022 Additional investment capacity NOKm Increase Decrease Total NOKm Portfolio investments Cash Earnings 758 552 516 503 973 479 399 - 62 237 239 262 220 226 78 - 399 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Stable leverage ratio - 47 465 Lev.ratio 2.
Slide 8: Strong Cash EBITDA trend expected to continue into Q4 2022
Strong Cash EBITDA trend expected to continue into Q4 2022 Growth in Cash EBITDA despite lower BV and ERC Cash collections exceeding gross collections – Repossession strategy proven to add value above BV… NOKm NPL REOs NIBD Cash EBITDA – … leading to positive impact on Cash metrics vs P&L 973 895 –
Slide 9: Key takeaways
Key takeaways Resilient and Improved Increased Higher market Capital discipline strong collections scalability in key investment activity expected in changing and recoveries markets activity with going forward market dynamics higher net IRRs 9 B2Holding ASA Arctic Nordic Debt Collection Webinar 2023
Slide 10: Q&A
Q&A B HOLDING”
Slide 11: b2holding.no
b2holding.no B2Holding ASA Stortingsgaten 22 P.O.Box 1726 Vika N-0121 Oslo IR contact Rasmus Hansson www.b2holding.no Head of Commercial Strategy +47 22 83 39 50 and Investor Relations post@b2holding.no +47 952 55 842 rh@b2holding.no
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