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Delfin Group
Investor Presentation • Aug 7, 2024
2238_rns_2024-08-07_ee51f393-e04c-4426-8f53-c85b90cbd4b2.pdf
Investor Presentation
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Brands:
Main business segments:
Consumer Lending Pawn Lending Retail of Pre-Owned Goods
Services available via:
| Mobile App |
|---|
| Web Pages |
| Online Store |
Branch Network (90+)
Consumer and pawn lending industry leader in Latvia
DelfinGroup is a licenced technology-based financial services company established in 2009 and operates under the brand names Banknote and VIZIA. The company continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia. On December 2023 DelfinGroup started operations in Lithuania by opening first five branches in Vilnius. On average, 35 thousand loans are issued monthly and serviced by a professional team of more than 300 DelfinGroup employees.
Dividends
Shareholders receive quarterly dividends up to 50% from previous quarter's net profit. 5 dividend payments in over the last 12 months. EUR 3.7 million. 0.0818 EUR/share. Dividend yield: 7.5%*
Profit & Loss
Balance Sheet (Million EUR).
| 2021 | 2022 | 2023 | H1 2023 | H1 2024 | Balance Sheet (Million EUR) | |
|---|---|---|---|---|---|---|
| Revenue | 25.2 | 35.8 | 50.4 | 23.3 | 29.1 | 120 Fixed & Intangible Assets |
| EBITDA | 10.0 | 13.1 | 18.2 | 8.3 | 10.5 | Equity 100 |
| EBITDA Margin | 39.6% | 36.6% | 36.1% | 36.2% | 36.2% | 80 |
| Profit Before Tax | 5.0 | 7.3 | 8.3 | 3.8 | 4.4 | |
| Net Profit | 4.0 | 6.0 | 6.6 | 3.4 | 3.5 | 60 Loan Porfolio Interest Bearing Debt |
| Net Loan Portfolio | 43.7 | 67.4 | 89.0 | 78.1 | 101.5 | 40 |
| Interest Bearing Debt | 29.4 | 54.0 | 79.0 | 66.2 | 86.7 | 20 |
| Cash | 2.5 | 2.4 | 5.9 | 3.0 | 4.4 | Cash Other Liabilites 0 Other Assets |
| Total Assets | 52.2 | 77.2 | 105.1 | 91.4 | 117.4 | Assets Equity & Liabilities |
- Banknote Consumer Loans
- Vizia Consumer Loans
- Pawn Loans
- 53% Retail of Pre-Owned Goods
43%
12%
21%
24%
Milestones Over the Years
Business operations in:
* TTM dividend payments. Calculation based on DelfinGroup share price at the end of the trading session on 28.06.2024.
Retail of Pre-Owned Goods
| Jewelry | 30% | |
|---|---|---|
| Smartphones | 29% | |
| Other | 14% | |
| Computer Equipment | 11% | |
| Power Tools | 9% | |
| TV, Audio, Video, Photo | 7% |
Key Ratios
Key Priorities
To develop the retail and goods circulation segment while ensuring its sustainability, increase in turnover, and profitability growth.
To develop convenient and innovative digital solutions, offering customers a personalized user experience (UX). To create new digital products and channels that provide customers with even broader online opportunities.
To ensure the necessary volume and diversification of funding to implement the company s strategy and growth.
To expand business beyond Latvia to boost business scale and company value. We have gained a significant market share in Latvia, so exploring new markets will foster company development.
To develop the pawn lending segment by increasing loan portfolio and maintaining a convincing market leader position.
To develop the consumer lending segment by introducing cutting edge digital and BNPL products, promoting financial inclusion, providing portfolio growth, and increasing market share.
| 2021 | 2022 | 2023 | H1 2023 | H1 2024 | |
|---|---|---|---|---|---|
| New Loan Issuance mEUR | 49.7 | 80.3 | 92.3 | 45.7 | 51.1 |
| ROE | 30% | 34% | 34% | 37% | 33% |
| Cost to Income Ratio | 57% | 50% | 47% | 48% | 46% |
| Equity Ratio | 34% | 24% | 20% | 22%% | 20% |
| Non-Performing Loans (90+ Days) |
1.9% | 1.2% | 1.6% | 1.8% | 1.9% |
| Interest Coverage Ratio | 2.6 | 2.8 | 2.1 | 2.1 | 2.0 |
| Number of Active Clients | 49 419 | 56 682 | 58 927 | 58 909 | 59k+ |
| Stock Ticker: DGR1R Market: Baltic Main List, Nasdaq Riga Stock Exchange |
|||||
|---|---|---|---|---|---|
| Closing Price: | 1.086 EUR | ||||
| High Price: | 1.32 EUR | ||||
| Low Price: | 1.00 EUR | ||||
| Market Cap: | 49.3 mEUR | ||||
| EPS TTM: | 0.149 EUR | ||||
| Price/Earnings: | 7.3 | ||||
| Free Float: | 47% |
Stock Performance in H1 2024 DGR1R & OMX Baltic Benchmark Index Performance Since the Start of 2022
Circular Economy
DelfinGroup is a leader in promoting the circular economy and is dedicated to creating a sustainable and thriving market for pre owned goods. By providing a platform for selling and purchasing pre owned items, we are helping to reduce the amount of produced and consumed waste. In addition, DelfinGroup is helping to extend the life of products, which in turn reduces the burden on natural resources. DelfinGroup annually sells more than 160 thousand pre owned goods in online store or its vast branch network veikals.banknote.lv .
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More Information
AS DelfinGroup
Skanstes iela 50A, Rīga Latvia
[email protected] +371 26189988 www.delfingroup.lv