ODDO SEYDLER Digital Small & Mid Cap Conference 2021

FEBRUARY 2021

1 . OUR STORY 2. BUSINESS UPDATE 3. SNAPSHOT FINANCIALS

1. OUR STORY

GERMAN CORPORATE BANKING REQUIRES RIGOROUS RETHINKING

Active cost-cutting, process digitalisation and RWA efficiency management
2 Customer reductions to increase profitability
3 Decreased on-balance sheet lending to lower dependency on loan product and NII

INCREASING NON-BANKABLE, BUT INVESTABLE BORROWER UNIVERSE

MARKET PLACE LENDING AS AN INDISPENSABLE AND EVER-GROWING ALTERNATIVE

DIGITAL SME LOANS OUTPERFORM DIGITAL MORTGAGES

At year five since inception, digital SME loans with higher growth and larger market share than digital mortgages.

OUR BUSINESS MODEL PROVIDES ADDITIONAL POCKETS OF MONEY FOR GERMAN SMEs…

Significant short / medium-term financing needs

No access to capital market funding

No access to unsecured bank lending

Less attractive economics of alternatives

Lengthy credit process

Borrower Fee of 1

Lack of investment opportunities

… BY EXTENDING THE SME FINANCING MIX THROUGH A TRANSPARENT AND EASY TO ACCESS OFFERING

BORROWERS TRUST CREDITSHELF'S BUSINESS, WHICH SUPPORTS SCALING EFFECTS

HIGH CUSTOMER SATISFACTION

GROWING CUSTOMER BASE

SCALING THROUGH NEXT GENERATION RISK ANALYSIS

Traditional credit analysis

Linear risk analysis model with limited scope
Focus on quantitative factors
Limited basis for analysis:
Mainly historic annual reports
3 rd party credit data (CreFo, Kantwert, etc.)

2. BUSINESS UPDATE

CURRENT MACROECONOMIC DEVELOPMENTS SHAPE CREDITSHELF'S BUSINESS CASE…

SECOND LOCKDOWN FLATTENS RECOVERY CURVE

STRONG STIMULUS PACKAGE IN GERMANY TO BACK UP ECONOMY

Comparison of fiscal stimulus crisis response in % of GDP

Base case assumption: German government aid programs prove to be effective and temporary

…WHILE TRENDS ACCELERATED BY CORONA CRISIS PERMANENTLY CHANGE THE SME LENDING MARKET

CORONA CRISIS RAISES ALREADY EXCISTING CREDIT BARRIER FOR SMES

DIGITALIZED CREDIT PROCESSES GAIN MORE AND MORE IMPORTANCE

What are the most important requirements that your customers will place on the credit process today and in the

Digital, simple and technologically driven credit processes will be an increasing differentiator

CREDITSHELF'S PORTFOLIO BEHAVES RESILIENT

NO SIGNIFICANT, CORONA BASED INCREASE IN LOAN DEFAULTS PAYMENT ARREARS REMAINED LOW

Cumulated default rate by months since loan disbursements*

Percentage of payment arrears in relation to loan volume outstanding

* Volume of loans defaulted in EUR compared to total outstanding loan volume in EUR 14 ** Average for 2017, 2018 and 2019

PORTFOLIO PERFORMANCE AND GOVERNANCE ESSENTIAL FOR ATTRACTING INSTITUTIONAL FUNDING

3. SNAPSHOT FINANCIALS

FACILITATING SUSTAINABLE GROWTH

+14% growth in the aggregated volume of loans requested in 12M 2020 to EUR 1,528.2 mn (12M 2019: EUR 1,340.7 mn)
2 Slowed pace of new arranged loans in Q4 to address risks of second lock down
3 EUR 98.9 mn total loan volume arranged in 12M 2020 benefits from growing platform network (12M 2019: EUR 88.5 mn)
4 26.8 months of average tenor (12M 2019: 27.7 months) driven by shortened tenors to mitigate Corona risks

kEUR 899 average ticket size in 12M 2020 (12M 2019: kEUR 893)

PLATFORM (12M) FINANCIALS (9M)

+49.4% revenue growth in 9M 2020 to kEUR 3,674.5 (9M 2019: kEUR 2,460.3)

kEUR 2,496.4 from borrower fees (9M 2019: kEUR 1,528.6)

kEUR 1,131.3 from investor fees (9M 2019: kEUR 931.7)

4 kEUR –4,149.1 EBIT improved (9M 2019: kEUR –4,188.6) despite cautious stance on arranged loan volumes
5 Prudent cost management to mitigate Corona-risks, while simultaneously continuing strategic investment program to be prepared for opportunities arising from economic recovery

TOTAL LOANS REQUESTED AND ARRANGED

* creditshelf defines "Loan Requests" as credit project applications the company has received in the respective period. creditshelf defines "Number of Requests" as the total number of credit project applications it has received. creditshelf defines "Volume of Requests" as the total loan volume requested by potential borrowers in their initial credit project applications. ** creditshelf defines "Executed Transactions" as transactions in which a loan arranged through the creditshelf Platform was disbursed. creditshelf defines "Number of transactions" as the number of Executed Transactions. 18

APPENDIX

DIGITAL SME LENDING IN GERMANY ON COURSE FOR GROWTH

Source: solarisBank (2019): "Der digitale SME-Kredit in Deutschland – Eine Studie von Barkow Consulting in Zusammenarbeit mit solarisBank". *data as of 2018

THE GERMAN SME UNIVERSE

ADVANCED TECH ENABLES A LEAN CREDIT PROCESS

RUN BY AN EXPERIENCED MANAGEMENT TEAM

	d ar o b e v uti c e x E
	CEO	COO	CRO	CFO	CTO	CPO
NAME	Dr. Tim Thabe	Dr. Daniel Bartsch	Dr. Mark Währisch	Fabian Brügmann	Dr. Gregor Heinrich	Jan Stechele
PRIOR EXPERIENCE	Co-founder with >15 years on Senior Credit Officer and rating consultant positions	Co-founder and former Head of institutional equity & fixed income sales at leading investment bank	>17 years in credit risk analysis and former Analytical Head for SME segment at rating agency	Capital markets specialist at top-tier bank with deep insights into structured finance transactions	>12 years in CTO positions and vast experience in digital transformation projects (financial industry)	>13 years in wholesale banking with C-level positionsfor business development, digital, marketing & communic.
FORMER COMPANIES	▪ UBS ▪ Goldman Sachs	▪ UBS ▪ Bain & Company ▪ Kienbaum	▪ Standard & Poor's ▪ Goldman Sachs ▪ Moody's	▪ Commerzbank ▪ Goldman Sachs	▪ Stoncebranch ▪ semafora system ▪ Fraunhofer IGD	▪ BayernLB ▪ Baden-Württem bergische Bank
EDUCATION	▪ MBA (Kellog-WHU) ▪ PhD (Uni. Mannheim) ▪ CFA charterholder	▪ MBA (Uni. Mannheim) ▪ PhD (Uni. Düsseldorf)	▪ PhD (Uni. Frankfurt) ▪ MSc (Uni. Wisconsin)	▪ MSc (EBS)	▪ PhD (Uni. Leipzig) ▪ MS Ing. (Uni. Darmstadt)	▪ Msc (Uni. Erlangen Nbg.)

THE CREDITSHELF SHARE

ISIN / WKN	DE000A2LQUA5 / A2LQUA
Stock exchange symbol / Reuters symbol	CSQ
Type of Shares	Ordinary bearer shares with no-par value (auf den Inhaber lautende Stückaktien)
First day of trading	July 25, 2018
Number of Shares	1.376.251
Stock Exchanges	Regulated Market (Prime Standard) of the Frankfurt Stock Exchange
Designated Sponsor	ODDO Seydler
Research	Commerzbank, FMR, KBW

OVERVIEW OF FINANCIAL CALENDAR

	February 24-25, 2021	ODDO SEYDLER Digital Small & Mid Cap Conference 2021
	March 30, 2021	Publication Annual Report 2020
	May 10, 2021	Annual General Meeting (Virtual AGM)
2021	May 12, 2021	Publication Q1 statement
	Aug./Sept., 2021	Commerzbank Corporate Conference, Frankfurt / Main
	September 9, 2021	Publication Q2 statement
	September 20-24, 2021	Baader Small Cap Day, Munich
	November 11, 2021	Publication Q3 statement
	November 22-24, 2021	German Equity Forum, Presentation & One-on-Ones

INVESTOR CONTACT

CREDITSHELF AKTIENGESELLSCHAFT

Fabian Brügmann (CFO) E-Mail: [email protected] Phone: +49 (0) 69 348 772 427

Maximilian Franz (IRM) E-Mail: [email protected] Phone: +49 (0) 69 348 719 113

Disclaimer/legal notice:

Statements in this presentation relating to future status or circumstances, including statements regarding management's plans and objectives for future operations, sales and earning figures, are forward-looking statements of goals and expectations based on estimates, assumptions and the anticipated effects of future events on current and developing circumstances taking into account currently available information and do not necessarily predict future results. Many factors could cause the actual results to be materially different from those that may be expressed or implied by such statements. Various known and unknown risks, uncertainties, unforeseeable developments, changes in the economic and political environment and other currently not yet identifiable effects can cause that future results, the financial situation or the outlook of creditshelf Aktiengesellschaft deviate from the estimates set forth herein. creditshelf Aktiengesellschaft reserves the right to change and complete the information in this presentation without notice. No liability is assumed, and no guarantee given for the completeness, correctness, adequacy, accuracy, fairness or preciseness of any information or opinion contained herein and no obligation exists to update any statement or information in this presentation.

This presentation serves information purposes only and does not constitute of form part of an offer or solicitation to acquire, subscribe to or dispose of any securities of creditshelf Aktiengesellschaft. Hence, the information in this presentation is selective in nature and does not purport to contain all information that may be required to evaluate the creditshelf Aktiengesellschaft and/or its securities.

The securities are also not and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States of America or to or for the account of or for the benefit of U.S. Persons (as defined in Regulation S of the U.S. Securities Act), unless this occurs pursuant to an exemption from the registration requirements of the U.S. Securities Act or in a transaction to which the U.S. Securities Act does not apply.