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Axactor : Q2 Presentation (pdf)
August 17, 2021 at 11:03 am IST
Agenda
Company introduction
1
Main events Q2 2021
2
Financial highlights
3
Outlook
4
Axactor is an established European debt collection company that has grown rapidly in targeted markets
A leading European debt collector
Operating in a few, stable and well developedmarkets
Established in Q4 2015 with headquarters in Oslo,
Norway, and is one of Europe's top-ten debt collectors
Main focus on collection and acquisition of unsecured non-performing loans ("NPL") and third-party collection ("3PC")
Operations in six countries; Finland, Germany, Italy, Norway, Spain and Sweden, with 1,062 FTEs
Geveran owns ~44% of Oslo-listed Axactor SE
Non-
73 % Performing
Loans (NPL)1
Third-party
14% collection (3PC)1
(REO)1
Share of revenue1
20% 7%
HQ
13%
15%
8%
26%; 13%2
3 1) Share of Gross revenue last twelve months Q2 2021
2) Spain excl. REO 26%; REO 13%
Strategic focus has shifted from growing scale during the start-up phase to growing return on equity
Start-up(2016-2020)
Established player (2021-2024)
Grow scale
Grow return on equity
•
Aggressive growth
• Grow size in existing markets
•
Market entries
•
Operational excellence
• Establish IT and operations
•
Initiate dividend payments
• Take part in consolidation of the NPL industry
Steady state (2025→ )
Grow presence
Steady state
Competitive cash return to shareholders
Use superior operations to enter new markets and segments
Axactor is pursuing a niche strategy to disrupt the industry on cost-to-collect
NPL Cost-to-Collect for selected peers in 20201
(EURm)
48%
45% 43%
62%
2017
2018
2019
2020
56%
54%
49%
43%
Peer 1 Peer 2 Peer 3 Peer 4 Peer 5
Axactor
Axactor incepted to disrupt the industry on cost-to-collect
Continued innovation and growing economies of scale to fuel further improvements
Niche strategy supporting long-term competitiveness
Countries : Organic growth in current countries
Products : NPL & 3PC
Debt origination : Bank and finance
Debt type : Fresh, unsecured, business to consumer
5 1) Cost is calculated as total segment OPEX + allocation of unallocated OPEX and D&A. Segment OPEX is used as allocation key.
Income is calculated as Total income adjusted for revaluations to show income excluding one-time effects based on changes in future expectations. Additional adjustments made on two peers to make numbers comparable, e.g. due to reporting numbers as a bank
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Axactor SE published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 17 August 2021 05:32:03 UTC .
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CI
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CI
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09/23/09
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09/23/09
CI
Santander Offloads EUR1.1 Billion Distressed Loan Portfolio to Cerberus, Axactor
05/23/05
MT
Santander sells €1.1 billion portfolio of bad loans -Expansión
05/23/05
RE
Santander sells distressed loan portfolio worth 1.1 billion euros - Expansion
05/23/05
RE
Axactor ASA and GESCOBRO COLLECTION SERVICES, S.L.U. acquired 1.1 billion euro Loan Portfolio from Banco Santander, S.A.
05/23/05
CI
Axactor ASA Appoints Kjersti Hoklingen as a Director
03/23/03
CI
Axactor Renews EUR545 Million Revolving Credit Facility
18/23/18
MT
Axactor ASA Reaches Agreement on the Renewal of its Revolving Credit Facility
18/23/18
CI
Axactor ASA Reaches Agreement on the Renewal of Its Revolving Credit Facility
18/23/18
CI
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17/23/17
Axactor ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
17/23/17
CI
Axactor ASA Reports Earnings Results for the Full Year Ended December 31, 2022
17/23/17
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Axactor ASA, formerly Axactor SE is a Norway-based company focusing on craftmanship debt collection with digital and solutions for managing non-performing loans. The Group has two core business segments: Non-Performing Loans (NPL) and Third Party Collection (3PC). The NPL segment invests in portfolios of non-performing loans and collects the outstanding debt through either amicable or legal proceedings. The 3PC segment is responsible for debt collection services on commission, as well as preparing documentation for future legal proceedings against debtors. The primary focus is unsecured debt originated within the financial sector. In addition, Axactor has a non-core business segment Real Estate Owned, which is in run-off mode, acquiring and selling repossessed assets (REO). Axactor has operations across Finland, Germany, Italy, Norway, Spain and Sweden.
More about the company
Last Close Price
0.417
EUR
Average target price
0.646
EUR
Spread / Average Target
+54.92%
Consensus
1st Jan change
Capi.
-4.13% 136M +25.58% 19.01B +35.11% 17.61B +8.58% 9.64B -10.88% 8.6B +5.52% 6.47B +74.76% 5.79B +1.64% 5.01B +62.35% 4.45B -3.57% 4.23B
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+951% of historical performance
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