Axactor SE

Capital/Financing Update • Jan 10, 2025

Arctic Securities

Nordic Debt Collection Webinar

Johnny Tsolis, CEO January 10th, 2025

Axactor at a glance

• Established in 2015 with headquarters in Oslo, Norway, and is one of Europe's top-ten debt collectors
• Collection and acquisition of unsecured non-performing loans ("NPL") from financial institutions and third-party collection ("3PC")
• Operations in six countries; Finland, Germany, Italy, Norway, Spain and Sweden, with approximately 1,200 FTEs
• Management team with strong track record from the debt collection industry
• Geveran Trading Company Ltd a strong and supporting shareholder controlling 49.8% of the outstanding shares

A leading European debt collector Operating in six, stable and well-developed markets

Market trends mixed, but lower interest rates a solid plus

Portfolio sale generating substantial covenant headroom

- and confirms book values in the Spanish market

Portfolio sale comprised of older Spanish vintages Positive effect on covenants

• 6% of the NPL portfolios sold at a 2% premium (EUR 83m)
  • Divesture of all Spanish unsecured portfolios in two investment companies
  • Portfolios acquired between 2016 and 2019
• The transactions visualizes Axactor's valuable and liquid balance sheet

• The divestment has reduced net interest-bearing debt and increased cash EBITDA¹
• Reduced interests from lower NIBD will be fully rolled into LTM after twelve months as well

4

EUR 70m of ACR03 bond repurchased

1) Gross gain excludes transaction fees and elimination of capitalized loan fees

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Size and maturities on current borrowings as of 31.12.2024

Proactive approach to 2026 maturities

1. RCF extension or renewal during 1H 2025

2. Prudent investment level expected in 2025

3. Refinance ACR03 during 2025

4. Diversify debt maturity profile

5. Exploration of further portfolio sales in 2025