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Delfin Group
Investor Presentation • Aug 9, 2023
2238_rns_2023-08-09_12e45d5b-e2e9-48bc-a604-0c7cb8505aaf.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 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 and annual dividends. 6 dividend payments in 2022. EUR 5.4 million. 0.1197 EUR/share. Dividend yield: 8.1%*
Profit & Loss
20%
Balance Sheet (Million EUR).
| 2020 | 2021 | 2022 | H1 2022 | H1 2023 | Balance Sheet (Million EUR) | |||
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.3 | 25.2 | 35.8 | 15.7 | 23.7 | 100 | ||
| EBITDA | 9.9 | 10.0 | 13.1 | 5.7 | 8.3 | Fixed & Intangible Assets 90 Equity 80 |
||
| EBITDA Margin | 42.3% | 39.6% | 36.6% | 37.6% | 35.9% | 70 | ||
| Profit Before Tax | 5.2 | 5.0 | 7.3 | 3.4 | 3.8 | 60 | ||
| Net Profit | 4.4 | 4.0 | 6.0 | 2.5 | 3.4 | 50 Loan Porfolio 40 |
||
| Net Loan Portfolio | 35.4 | 43.7 | 67.4 | 54.4 | 78.1 | Interest Bearing Debt 30 |
||
| Interest Bearing Debt | 31.1 | 29.4 | 54.0 | 40.5 | 65.9 | 20 | ||
| Cash | 4.6 | 2.5 | 2.4 | 2.3 | 3.0 | 10 Cash Other Liabilites Other Assets 0 |
||
| Total Assets | 46.5 | 52.2 | 77.2 | 62.9 | 91.4 | Assets Equity & Liabilities |
||
Mintos - 40.2m € Bonds - 24.9 m €
Milestones Over the Years
* TTM dividend payments. Calculation based on DelfinGroup share price at the end of the trading session on 30.12.2022.
Retail of Pre-Owned Goods
| Smartphones | 32% | |
|---|---|---|
| Jewelry | 25% | |
| Computer Equipment 14% | ||
| Other | 14% | |
| TV, Audio, Video, Photo8% | ||
| Power Tools | 7% |
Key Ratios
Key Priorities
To build and maintain modern and innovative technological solutions, ensuring efficient planning and software development processes.
To develop data science and improve its use in decision making and product development.
To continue to provide easily accessible products and services both in our more than 90 branches nationwide and online with a particular focus on user experience (UX).
Market Share
To attract and develop the industry s best talent and to be an attractive employer.
To maintain efficient and well managed internal business processes based on environmental and social responsibility principles and corporate governance, which are at the heart of DelfinGroup sustainability.
14.5%
| 2020 | 2021 | 2022 | H1 2022 | H1 2023 | |
|---|---|---|---|---|---|
| New Loan Issuance mEUR | 45.0 | 49.7 | 80.3 | 35.5 | 45.7 |
| ROE | 49% | 30% | 34% | 26% | 37% |
| Cost to Income Ratio | 55% | 57% | 50% | 54% | 48% |
| Equity Ratio | 21% | 34% | 24% | 25% | 22% |
| Non-Performing Loans (90+ Days) |
4.8% | 1.9% | 1.2% | 1.7% | 1.8% |
| Interest Coverage Ratio | 2.7 | 2.6 | 2.8 | 3.0 | 2.3 |
| Number of Active Clients | 46 149 | 49 419 | 56 682 | 52 884 | 58 909 |
Consumer Lending Portfolio 2017 2018 2019 2020 2021 2022 12.0% 9.8% 6.9% 4.4% 4.9%
Stock Ticker: DGR1R Market: Baltic Main List, Nasdaq Riga Stock Exchange Closing Price: 1.365 EUR High Price: 1.55 EUR Low Price: 1.355 EUR Market Cap: 61.9 mEUR EPS TTM: 0.152 EUR Price/Earnings: 9.0 Free Float: 27.10%
Stock Performance in H1 2023 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