Illimity Bank S p A : Presentazione risultati illimity 1Q21

1Q21 results

11 May 2021

Key highlights

Corrado Passera, CEO

1

-

makes us more
confident on our expectations for significant profit	Data in €mln							12.6
growth for 2021
					10.3
						9.5
, +34% yoy								6.8
				4.5
to 67% from 75% at				2.1
the end of 2020
confirms to be
with NPE ratios declining further	(5.9)	(5.4)
	(6.8)
and 18% pro-forma(1);
exceeding	1Q19	2Q19	3Q19	4Q19	1Q20	2Q20	3Q20	4Q20	1Q21
									2

Notes: (1) Including special shares amounting to €14.4mln.

-

		in 1Q21 with strong contribution from loans with
SME	. Additional	in
Turnaround
SME

	and further
DCIS	. Limited investment activity in line with typical seasonality

	in customer numbers both in	and	(first
Direct	time pro-rata equity consolidation)
bank

of first SGR fund , contribution fund dedicated to Unlikely To Pay loans to SMEs

3

-

		Originated Business(1)	Originated	Terms	Advanced
		1Q21	Business (2)	agreed(3) to
Data in €mln		pipeline(4)
	in April 2021	be signed
Customer loans where not otherwise stated
Non accounting figures		~137	~87	~97	~443
	Cross-over					Strong business origination
	63	~51	~33	~70	mainly with public guarantees,
	& Acq. Finance
					a trend set to continue for the
SME	Turnaround	15(5)	~28	~62	~117	whole of 2021
Division	Factoring turnover	199	~52			Net customer loans as of
			31 March 2021 €157mln
	Distressed Credit	47(5)	~8	-	~213	Seasonally soft start in 1Q21,
	portfolio investments to
	Investments
DCIS					accelerate throughout the
Senior Financing	12	-	~2	~43
year based on robust pipeline
Division
	Servicing GBV(6)	276	18	-	~1,300	Total AUM(7) as of
	31 March 2021 €9bn

Notes: Non accounting figures; (1) This aggregate includes SME loans granted/purchased, purchased distressed credit investments booked, senior financing loans granted in the period. (2) This aggregate includes SME loans granted/purchased, purchased distressed credit investments booked, senior financing loans granted in the period and the value of the deals signed but yet to be booked in the period, owing to a settlement structure based on multiple tranches or to a time lag between the signing of the master agreement and the date of loan disbursement/onboarding. (3) Deals in final stage of the formalization of the agreement/contractual terms; (4) Specific business opportunities for which the bank envisages there is a reasonable expectation to close the transactions in the forthcoming months; (5) It also includes financial instruments, such as quasi- equity instruments which are accounted for in the balance sheet item "20. c) Other financial assets mandatorily at fair value" for accounting purposes; (6) The AUM of the servicing unit includes the gross book value of 4 distressed credit and the value of property and capital goods managed by neprix acquired in the period, including a portion of portfolios related to senior financing transactions; (7) The AUM of the servicing unit, in terms

of gross book value of distressed credit and value of property and capital goods managed by neprix recorded as of 31 March 2021, net of collections and portfolio disposals.