Axactor is an established European debt collection company that has grown rapidly in targeted markets
A leading European debt collector
Established in Q4 2015 with headquarters in Oslo, Norway, and is one of Europe's top-ten debt collectors
Main focus on collection and acquisition of unsecured non- performing loans ("NPL") from financial institutions and third-party collection ("3PC")
Operations in six countries; Finland, Germany, Italy, Norway, Spain and Sweden, with 1,095 FTEs
Portfolio acquisitions north of EUR 600m for 2019 and 2020 combined
Geveran owns 44% of Oslo-listed Axactor SE
Operating in a few, stable and well developedmarkets
Share of revenue1,2
Non-
63 %
Performing
22%
7%
Loans (NPL)
1
HQ
12%
Third-party
20%
collection
(3PC) 1
15%
17%
Real Estate
9%
Owned
(REO) 1
35%
3 1) Share of Total income 2020 adj. for revaluations on NPLs (to get normalized level)
2) Excl. REO
Our core business areas simply explained
Non-Performing Loans (NPL)
Buy defaulted debt at discount to face value
Price variations between markets, age and type of debt
Example: Credit card, personal loans
Use own highly trained personnel and systems to collect
Profit on collecting more efficient than banks
Gross money multiple typically between 1.7-2.5x
Valuation based on a 15-year collection curve
Third-party collection (3PC)
• Traditional debt collection on behalf of external
customers
• Typically a fixed fee or a commission to
Combined deals
Axactor on the collected amount
Operational synergies
•
Low capital requirements
(systems, personnel)
•
Creates strong customer relationships and
recurring business
Diversification
Provides pricing support for NPL acquisition
Focus on combined forward flow and 3PC deals
4
Axactor follows a clear and simple niche strategy
VALUE CHAIN POSITION
Axactor 3PC
Axactor NPL
Credit
Invoice
Account
Amicable
Legal
Surveillance
Factoring
receivable
information
admin.
collection
collection
and recovery
management
NICHE STRATEGY
Six carefully selected geographies
Business-to-consumerunsecured NPLs with claim size 500 - 50,000 EUR
Only acquiring debt originated within bank/finance segment
Focus on first-hand portfolios of fresh debt from well-known vendors
5
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Axactor SE published this content on 02 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2021 06:18:02 UTC.
Axactor ASA, formerly Axactor SE is a Norway-based company focusing on craftmanship debt collection with digital and solutions for managing non-performing loans. The Group has two core business segments: Non-Performing Loans (NPL) and Third Party Collection (3PC). The NPL segment invests in portfolios of non-performing loans and collects the outstanding debt through either amicable or legal proceedings. The 3PC segment is responsible for debt collection services on commission, as well as preparing documentation for future legal proceedings against debtors. The primary focus is unsecured debt originated within the financial sector. In addition, Axactor has a non-core business segment Real Estate Owned, which is in run-off mode, acquiring and selling repossessed assets (REO). Axactor has operations across Finland, Germany, Italy, Norway, Spain and Sweden.
AXACTOR ASA 
