Interim report 3Q 2015 --

30 October 2015

INTRODUCTION

Introduction to B2Holding

INTERIM REPORT 3Q 2015

100% owned

Located in Sweden

24 employees

100% owned

Located in Norway

4 employees

B2Kapital

Balkans

100% owned

Includes entities in

Croatia, Slovenia, Serbia

and Montenegro 110 employees

100% owned

Located in Finland

147 employees

100% owned

Located in Latvia

76 employees

100% owned

Located in Poland

789 employees

Introduction

Debt purchaser established in 2011 with servicing platforms located in the Nordics, the Baltics, Poland and the Balkans

Estimated Remaining Collection ("ERC") from NOK 1,372m in 2013 to NOK 5,316m as of September 30th 2015

1,158 employees

Share listed OTC, IPO planned for 2Q 2016

Presence

Ownership

Operations and portfolios:

Norway

Rasmussengruppen

Sweden

Finland

18%

Estonia

Latvia

Poland

Other 41%

Croatia

Serbia

Slovenia

17% Prioritet

Montenegro

Portfolios - no operation:

Italy

Lithuania

2%

7%

Denmark

2%

2%

Romania

5%

Valset Invest

Arctic Funds

3%

4%

Offices:

Vevlen Gård

Stenshagen Invest

Indigo Invest

Austria

Greenway

Bryn Invest

Luxembourg

Netherlands

2

INTRODUCTION

Management and BoD

INTERIM REPORT 3Q 2015

Management

CEO

Olav Dalen Zahl

Office Manager

Ingeborg Andresen

CFO

Harald Henriksen

Strategy/Business

Development/M&A

Accounting/Controlling/Risk

Henrik Wennerholm

Rasmus Hansson

Erik Just Johnsen

Legal

Thor Christian Moen

Chief Investment Officer

Jeremi Bobowski

Board of Directors

Jon Harald Nordbrekken - Chairman and Founder

  • Former CEO of Intrum Justitia Norway
  • Founded Aktiv Kapital in 1991, CEO until 1998, chairman from 1998 to 2004
  • In 2005, he founded B2Holding AS, parent to both Gothia Financial Group and Bank2
  • Established the "new" B2H in 2011

Trygve Lauvdal - Board member

  • Board member since 2013
  • Investment director at Rasmussengruppen AS, an investment company owned by the Rasmussen family with substantial interests in real estate, shipping and financial holdings and equity of appr. USD 1.5bn

Niklas Wiberg - Board member

  • Board member since 2013
  • Sales Manager at Prioritet Finans AB, Sweden's largest buyer of invoices. Prioritet Finans is owned by the Wiberg family, and has appr. USD 150m equity

Kjetil Garstad- Board member

  • Board member since 2014
  • Currently analyst at Stenshagen Invest AS, a family owned investment office managing a concentrated portfolio of NOK 1.2bn in equities only
  • From 2007 to 2014 Mr Garstad was Head of oil services and partner in Arctic Securities

Per Kristian Spone - Board member

  • Board member since start-up
  • CFO of Indigo Invest AS, an investment company owned by the Bentsen family. Development of car parks, real estate and financial investments

3

INTERIM REPORT 3Q 2015

STATUS

B2Holding current status

Highlights

B2Holding has established itself as one of the leading players in the markets where the Group operates

Strategic acquisitions carried out in 2014 has strengthened the Group's position in the Baltics and CEE, and B2Holding has a strong platform for further growth

Centre of excellence for portfolio investments established in Luxembourg

Analysis, valuation, scoring and benchmarking to be carried out by an experienced team

Overall portfolio activity is high, with several investment opportunities in the Group's existing markets

Strong growth and strong portfolio pipeline

M&A opportunities are under evaluation

4

FINANCIALS

Key financial highlights (MNOK)

Total operating revenue

Total cash revenue

Portfolio acquisitions

ERC

INTERIM REPORT 3Q 2015

5

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Disclaimer

B2 Impact ASA published this content on 04 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 October 2023 13:26:13 UTC.