DNB SME Conference 2019

DNB SME Conference 2019

Erik Just Johnsen, CFO ? 4 April 2019

A Pan-European debt solutions provider

Poland

NE

16%

30%

22.3bn

Total ERC (NOK)1

CE 26%

WE 12%

SEE 16%

198bn

Total AUM (NOK)2

2,420

Employees (FTEs)

23

Platforms

1) Including the Group's share of portfolio purchased and held in joint ventures

2) Assets Under Management = Face Value of owned portfolios + JVs, master servicing and third-party servicing.

23

Countries with portfolios

GROUP REGIONS

Northern Europe (NE) Norway, Sweden, Denmark, Finland, Latvia, Lithuania, Estonia Poland Poland Western Europe (WE) Spain, Portugal, Italy, France Central Europe (CE) Czech Republic, Slovenia, Croatia, Hungary, Serbia, Bosnia and Herzegovina and Montenegro South East Europe (SEE) Greece, Romania, Bulgaria, Cyprus

| 2

Strong historical financial performance

Development in total gross ERC1

NOK millions

1,371

4,430

2013

2014

Cash EBITDA

NOK millions

6,490 2015

+51% 15,264

9,489

2016

2017

22,262 2018

Total operating revenues2

NOK millions

510 232

2013

2014

EBITDA

NOK millions

1,076 2015

241 2013

333 2014

829 2015

+53% 1,815

1,210

2,952

2016

2017

2018

8 2013

103 2014

405 2015

1) Including the Group's share of portfolios purchased and held in joint venture

2) Figures and alternative performance measures (APMs) for 2017 have been restated due to change in classification of "Profit from shares and participation in associated companies and joint ventures", see note 1 in Q4/2018 report for further information

+39% 2,013

1,396

2016

2017

+52% 1,020

546

2016

2017

CAGR 2,906

2018 1,434

2018

| 3

Increased diversification

Total ERC & relative distribution1)

35 %

30 %

25 % 20 % 15 %

9 852

11 881

12 191

10 %

5 %

0 % Q1 17

Q2 17

Q3 17

Total

Northern Europe

15 264

18 116

Q4 17 Poland

Q1 18 Central Europe

Quarterly EBITDA & relative distribution

60%

50%

40% 220 989

30%

226 166

261 521

311 422

338 290

20%

10%

0% Q1 17

Q2 17

Q3 17

Q4 17

Q1 18

Total

Northern Europe

Poland

Central Europe

1) Including the Group's share of portfolio purchased and held in joint ventures

20 119

20 632

22 262

Q2 18 Western Europe

Q3 18

Q4 18

Southeastern Europe

369 502

382 474

404 714

Q2 18 Western Europe

Q3 18

Q4 18

Southeastern Europe

20 000 15 000 10 000 5 000 -

450 000 400 000 350 000 300 000 250 000 200 000 150 000 100 000 50 000 -

| 4

Established as one of top ten European debt collectors

European countries present (#)

24 23 23 14 11 10 7 6 5 5

Estimated remaining collection (120m ERC, EURm)

3 348 3 315 2 985 2 197 2 167 1 930 1 956 1 686 1 1 514

Source: Company information and J.P.Morgan Credit Management Services Valuation update 13 March 2018 1 120m ERC calculated as 1.8x carrying value for KRUK; 180m ERC for Intrum

5 210 1 | 5

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download