Q2 2021

17 August 2021

Agenda

Company introduction

1

Main events Q2 2021

2

Financial highlights

3

Outlook

4

Axactor is an established European debt collection company that has grown rapidly in targeted markets

A leading European debt collector

Operating in a few, stable and well developedmarkets

  • 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") and third-party collection ("3PC")
  • Operations in six countries; Finland, Germany, Italy, Norway, Spain and Sweden, with 1,062 FTEs
  • Geveran owns ~44% of Oslo-listed Axactor SE

Non-

73 % Performing

Loans (NPL)1

Third-party

14%collection (3PC)1

13%

Real Estate

Owned

(REO)1

Share of revenue1

20% 7%

HQ

13%

15%

8%

26%; 13%2

3 1) Share of Gross revenue last twelve months Q2 2021

2) Spain excl. REO 26%; REO 13%

Strategic focus has shifted from growing scale during the start-up phase to growing return on equity

Start-up(2016-2020)

Established player (2021-2024)

Grow scale

Grow return on equity

•

Aggressive growth

• Grow size in existing markets

•

Market entries

•

Operational excellence

• Establish IT and operations

•

Initiate dividend payments

• Take part in consolidation of the NPL industry

Steady state (2025→)

Grow presence

  • Steady state
  • Competitive cash return to shareholders
  • Use superior operations to enter new markets and segments

4

Axactor is pursuing a niche strategy to disrupt the industry on cost-to-collect

NPL Cost-to-Collect for selected peers in 20201

(EURm)

86%

59%

48%

45% 43%

62%

2017

2018

2019

2020

56%

54%

49%

43%

Peer 1 Peer 2 Peer 3 Peer 4 Peer 5

Axactor

  • Axactor incepted to disrupt the industry on cost-to-collect
  • Continued innovation and growing economies of scale to fuel further improvements
  • Niche strategy supporting long-term competitiveness
    • Countries: Organic growth in current countries
    • Products: NPL & 3PC
    • Debt origination: Bank and finance
    • Debt type: Fresh, unsecured, business to consumer

5 1) Cost is calculated as total segment OPEX + allocation of unallocated OPEX and D&A. Segment OPEX is used as allocation key.

Income is calculated as Total income adjusted for revaluations to show income excluding one-time effects based on changes in future expectations. Additional adjustments made on two peers to make numbers comparable, e.g. due to reporting numbers as a bank

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Axactor SE published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2021 05:32:03 UTC.