Axactor SE

Earnings Release • Jan 11, 2023

Axactor ASA: Financial targets and preliminary Q4-financials

Axactor ASA: Financial targets and preliminary Q4-financials

(Oslo, 11 January 2023) Axactor ASA (Axactor, OSE: ACR) announce financial

targets and preliminary Q4-financials.

PRELIMINARY Q4 2022 FINANCIALS*

Axactor is delivering on the promised strategy of growth

- NPL investments increasing to EUR 93m for the quarter and EUR 288m for the

year - 2.7x replacement capex

- 5% growth on 3PC revenue in the fourth quarter compared to last year

Axactor is delivering on the promised strategy of accretive portfolio

investments

- Gross IRR on the total book lifted from 15.7% to 17.3% over the last 7

quarters

- The 2022 vintage secured at an attractive and accretive gross IRR level of

21.3%

Axactor is delivering stable collection performance

- Collection performance came in at 99% in the fourth quarter and for the full

year

Axactor is delivering on cost control

- We see strong cost control in all markets and expect 2022 to come in at an all

-time low cost-to-collect

Axactor has improved the interest rate hedge for 2023

- Current hedge: 1-year duration, EUR 573m, 0.5% EURIBOR strike with start date

15 Dec 2022

"I am pleased to see increased and accretive investments for the quarter,

securing future growth. Furthermore, we deliver another solid and stable quarter

on collection performance and have a satisfying interest rate protection in

place for 2023" says Johnny Tsolis, CEO of Axactor.

FINANCIAL TARGETS

Growth

- 2023: NPL investments of EUR 100-150m

- 2024 and beyond: NPL investments of EUR 200-300m

Profit

- 2023: Minimum 9% return on equity

- 2024 and beyond: Reference is made to the attached presentation for underlying

long-term potential

Returns

- 20-50% dividend pay-out ratio based on FY 2023 results and onwards

Leverage

- Maximum leverage of 3.5x at year-end 2023 and onwards (NIBD/pro-forma adjusted

cash EBITDA)

PRESENTATION

10:00 am CET: The financial targets and the preliminary results will be

presented in a global investor webcast with a live Q&A session. A recording of

the webcast will be made available after the live stream is concluded on

axactor.com.

Webcast participation will be possible via the following:

Streaming

- https://streams.eventcdn.net/axactor/announcement-of-financial-targets/

Phone

- Dial-in pin: 833120

- Norway: +47 81 50 33 08

- Sweden: +46 10 884 80 16

- Denmark: +45 89 87 50 45

- United Kingdom: +44 20 3936 2999

- United States: +1 646 664 1960

For additional information, please contact:

Johnny Tsolis, CEO, Axactor

Tel: +47 913 35 461

E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor

Tel: +47 478 39 405

E-mail: kyrre.svae@axactor.com

To learn more about Axactor, visit www.axactor.com

*Please note that the numbers are preliminary and unaudited. Please refer to the

Q3 2022 report for terms and abbreviations.