(Oslo , 2022-11-10) Third quarter financial highlights: * Cash collection ofNOK 1,244 million (1,191) - up 4% y-o-y *REO sales ofNOK 169 million (40) - up 322% y-o-y * Cash EBITDA ofNOK 973 million (946) - up 3% y-o-y * Adj. EBIT ofNOK 373 million (385) - down 3% y-o-y *Adj. Net profit ofNOK 171 million (174) - down 2% y-o-y (Comparable numbers for Q3 2021 in brackets)B2Holding had net revenues ofNOK 797 million in the third quarter, and gross collections including SPVs and joint ventures ofNOK 1,278 million . Both collections and recoveries were above the latest forecast, supported by strong REOs sales. Cash EBITDA wasNOK 973 million and adjusted EBIT wasNOK 373 million . Adjusted Net profit wasNOK 171 million and Net profit wasNOK 143 million , equivalent to earnings per share ofNOK 0.36 .B2Holding investedNOK 399 million in new portfolios in the third quarter. All the portfolios purchased were unsecured, of which 34 per cent were forward flow transactions. The ERC wasNOK 19.6 billion at end of the quarter.B2Holding has a healthy funding structure and leverage that ensures liquidity and financial flexibility. The Group holds aEUR 610m senior secured revolving credit facility (RCF). In September the Group issued a newEUR 150m senior unsecured bond loan with maturity on22 September 2026 at an interest rate of 3M EURIBOR + 690 basis points. A call option on B2H03 was exercised on23 September 2022 to repay B2H03 in full at par plus accrued interest. As ofOctober 2022 , the Group holds three senior unsecured bond loans for a total ofEUR 550m . A nominal value ofEUR 86m is held as treasury bonds on B2H04 maturing inMay 2023 . The first and third quarters are normally quarters with seasonally lower investment activity. Total invested and committed capital per end of the third quarter totalledNOK 1,730m . The activity level has been high, butB2Holding have maintained a disciplined and selective approach to investment. "The third quarter represented another quarter with stable and good performance. The cash flow generation was once again strong, and despite the restructuring activities carried out in the quarter, the contribution from the countries managed by Veraltis Asset Management continued the positive trend both on secured recoveries and REO sales. Going forward we will continue our capital discipline with focus on improved profitability through cost control and a continuation of our selective approach to new portfolio purchases. We believe this is the recipe for long term value creation for our shareholders," saidErik Just Johnsen , CEOB2Holding ASA . -------------- For further information, please see the Q3 2022 presentation and report attached. The documents are also available on the Company's website: www.b2holding.no Definitions of alternative performance measures can be found in the report and presentation. The results will be presented at Cort Adelers gate 30 inOslo from08:30 CET today. The presentation can also be followed on webcast through this link: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20221110_3 Live webcast viewers can submit their written questions for the Q&A in the provided form in the webcast. A recorded version of the webcast will be available on-demand after the live stream is concluded. For further information, please contact:André Adolfsen , CFO Mobile: +47 930 19 150 E-mail: aad@b2holding.no This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. AboutB2Holding Group B2Holding ASA is a Nordic-based debt solutions provider with platforms in over 20 European countries.B2Holding has experienced significant growth since its inception in 2011 and has established itself as one of the leading European debt purchasers and a solution-oriented partner within the debt servicing industry. The head office is inOslo, Norway and theB2Holding share is listed on theOslo Stock Exchange under the ticker "B2H".
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