Grenke : Quarterly statement for the 3rd quarter and Q1-Q3 2022

Q3 AND Q1 - Q3

2022

QUARTERLY

STATEMENT

GRENKE

GROUP

G R O U P K E Y		I N T E R I M G R O U P		C O N D E N S E D I N T E R I M C O N S O L I D AT E D		N O T E S T O T H E C O N D E N S E D I N T E R I M		O T H E R		C A L E N D A R O F E V E N T S &
F I G U R E S		M A N A G E M E N T R E P O R T		F I N A N C I A L S TAT E M E N T		C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S		I N F O R M AT I O N		C O N TA C T

Group key figures

	UNIT	Q3 2022	Q3 2021	Change (%)	Q1-Q3 2022	Q1-Q3 2021	Change (%)
NEW BUSINESS LEASING	EURK	565'494	372'194	51.9	1'652'165	1'136'659	45.4
DACH	EURk	150'596	112'797	33.5	408'517	328'186	24.5
Western Europe (without DACH)	EURk	142'490	94'579	50.7	423'894	302'623	40.1
Southern Europe	EURk	133'910	82'459	62.4	423'781	257'166	64.8
Northern/Eastern Europe	EURk	104'778	61'576	70.2	302'761	184'571	64.0
Other regions	EURk	33'720	20'784	62.2	93'212	64'112	45.4
NEW BUSINESS FACTORING	EURK	204'972	178'469	14.9	571'537	509'097	12.3
of which Germany	EURk	45'951	51'182	- 10.2	131'215	158'457	- 17.2
of which International	EURk	159'021	127'287	24.9	440'322	350'640	25.6
GRENKE BANK
New business lending business	EURk	11'505	905	1'171.6	40'946	21'756	88.2
CONTRIBUTIONS MARGIN 2 (CM2) ON NEW BUSINESS
LEASING	EURK	92'692	63'580	45.8	269'121	207'223	29.9
DACH	EURk	18'083	13'808	31.0	50'549	42'929	17.7
Western Europe (without DACH)	EURk	24'754	17'305	43.0	73'855	59'690	23.7
Southern Europe	EURk	22'892	15'827	44.6	70'422	52'626	33.8
Northern/Eastern Europe	EURk	19'980	12'099	65.1	55'930	36'953	51.4
Other regions	EURk	6'983	4'541	53.8	18'365	15'024	22.2
FURTHER INFORMATION LEASING
Number of new contracts	units	66'076	48'724	35.6	200'174	154'015	30.0
Mean acquisition value	EURk	8'558	7'639	12.0	8'254	7'380	11.8
Mean term of contract per end of period	months	47.8	47.5	0.7	47.8	47.8	0.2
Volume of leased assets per end of period	EURm	8'956	8'732	2.6	8'956	8'732	2.6
Number of current contracts per end of period	units	1'013'712	988'651	2.5	1'013'712	988'651	2.5

Regions:

DACH: Germany, Austria, Switzerland

Western Europe (without DACH): Belgium, France, Luxembourg, the Netherlands

Southern Europe: Croatia, Italy, Malta, Portugal, Slovenia, Spain

Northern / Eastern Europe: Denmark, Finland, Ireland, Latvia, Norway, Sweden, UK / Czechia, Hungary, Poland, Romania, Slovakia,

Other regions: Australia, Brazil, Canada, Chile, Singapore, Turkey, UAE, USA

Consolidated franchise companies:

Leasing: Australia (2x), Canada (3x), Chile, Latvia, Norway

Factoring: Hungary, Ireland, Italy, Poland, Portugal, UK

G R E N K E G R O U P   / / Q U A RT E R LY S TAT E M E N T F O R Q 3 A N D Q 1  -  Q 3 2 0 2 2

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G R O U P K E Y		I N T E R I M G R O U P		C O N D E N S E D I N T E R I M C O N S O L I D AT E D		N O T E S T O T H E C O N D E N S E D I N T E R I M		O T H E R		C A L E N D A R O F E V E N T S &
F I G U R E S		M A N A G E M E N T R E P O R T		F I N A N C I A L S TAT E M E N T		C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S		I N F O R M AT I O N		C O N TA C T

		Q3	Q3		Q1-Q3	Q1-Q3
	UNIT	2022	2021	Change (%)	2022	2021	Change (%)
INCOME STATEMENT
Net interest income	EURk	85'755	90'845	- 5.6	261'020	280'452	- 6.9
Settlement of claims and risk provision	EURk	30'283	37'259	- 18.7	89'935	121'382	- 25.9
Total operating expenses	EURk	70'755	60'793	16.4	203'310	187'227	8.6
Operating result	EURk	21'293	27'092	- 21.4	74'948	74'967	0.0
Earnings before taxes (EBT)	EURk	27'685	25'409	9.0	83'251	67'819	22.8
NET PROFIT	EURK	20'332	20'123	1.0	61'791	52'374	18.0
NET PROFIT ATTRIBUTABLE TO ORDINARY SHARE-	EURK	23'190	23'960	- 3.2	56'804	47'934	18.5
HOLDERS
NET PROFIT ATTRIBUTABLE TO HYBRID CAPITAL	EURK	0	0	N.A.	9'082	9'404	- 3.4
HOLDERS
NET PROFIT ATTRIBUTABLE TO NON-CONTROLLING	EURK	- 2'858	- 3'837	25.5	- 4'095	- 4'964	17.5
INTERESTS
Earnings per share	EUR	0.50	0.51	- 2.0	1.22	1.03	18.4
(basic and diluted)
Cost/income ratio	percent	56.5	47.4	19.2	54.3	48.0	13.1
Staff cost	EURk	38'233	30'481	25.4	106'248	95'492	11.3
of which total remuneration	EURk	31'557	25'182	25.3	87'468	79'101	10.6
of which fixed remuneration	EURk	26'925	20'270	32.8	73'139	63'216	15.7
of which variable remuneration	EURk	4'632	4'912	- 5.7	14'329	15'885	- 9.8
Average number of employees in full-time equivalent (FTE)	employees	1'904	1'779	7.0	1'854	1'790	3.6

G R E N K E G R O U P   / / Q U A RT E R LY S TAT E M E N T F O R Q 3 A N D Q 1  -  Q 3 2 0 2 2

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G R O U P K E Y		I N T E R I M G R O U P		C O N D E N S E D I N T E R I M C O N S O L I D AT E D		N O T E S T O T H E C O N D E N S E D I N T E R I M		O T H E R		C A L E N D A R O F E V E N T S &
F I G U R E S		M A N A G E M E N T R E P O R T		F I N A N C I A L S TAT E M E N T		C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S		I N F O R M AT I O N		C O N TA C T

	UNIT	Sep. 30, 2022	Dec. 31, 2021	Change (%)
STATEMENT OF FINANCIAL POSITION
Total assets	EURm	6'362	6'661	- 4.5
Lease receivables	EURm	5'153	5'119	0.7
Financial Debt: herof deposits GRENKE BANK AG	EURm	1'024	1'412	- 27.5
Equity persuant to statement of financial position1	EURm	1'314	1'269	3.5
Equity persuant to CRR	EURm	1'203	1'122	7.2
Equity ratio	percent	20.7	19.1	8.4
Embedded value, leasing contract portfolio (excl. equity before taxes)	EURm	471	485	- 2.9
Embedded value, leasing contract portfolio (incl. equity after taxes)	EURm	1'636	1'597	2.4

1 Including AT1 bonds (hybrid capital), which are reported as equity under IFRS

G R E N K E G R O U P   / / Q U A RT E R LY S TAT E M E N T F O R Q 3 A N D Q 1  -  Q 3 2 0 2 2

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G R O U P K E Y		I N T E R I M G R O U P		C O N D E N S E D I N T E R I M C O N S O L I D AT E D		N O T E S T O T H E C O N D E N S E D I N T E R I M		O T H E R		C A L E N D A R O F E V E N T S &
F I G U R E S		M A N A G E M E N T R E P O R T		F I N A N C I A L S TAT E M E N T		C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S		I N F O R M AT I O N		C O N TA C T

KEY FIGURES Q1 - Q3 2022:

CONSOLIDATED		EARNINGS PER SHARE		EQUITY RATIO
GROUP NET PROFIT
61.8 EUR million		1.22 EUR		20.7 percent

REFINANCING BASE:

	%+
	THREE PILLARS: GRENKE CONSOLIDATED GROUP'S REFINANCING MIX
				GRENKE Bank: 22
	24
	Asset Based: 22
	September 30, 2022
				Senior Unsecured: 56

G R E N K E G R O U P   / / Q U A RT E R LY S TAT E M E N T F O R Q 3 A N D Q 1  -  Q 3 2 0 2 2

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