Enento Oyj : Presentation material Half Year Financial Report 2023

CEO Jeanette Jäger, CFO Elina Stråhlman 20 July 2023

ENENTO GROUP 2023

Building trust in the everyday.

LISTED ON		MARKET CAPITALISATION
	30 June 2023
NASDAQ
HELSINKI.		506 MEUR

In Finland we operate under the brands Asiakastieto and Emaileri, in Sweden under UC, Allabolag

NET SALES, YTD ADJUSTED EBITDA, YTD 30 June 2023 30 June 2023

79,6 29,2

MEUR MEUR

Partners in Europe and in the Nordic region.

and Proff and both in Norway and Denmark under the brand Proff.

Approximately 76 000 corporate customers within banking, finance, retail, public sector and small companies.

Approximately 500 000 consumer customers.

Net Sales by Business Area

YTD

Net Sales by Country	Employees by Country
YTD	5	1	41	6

43	%		BUSINESS
	INSIGHT
	NET SALES	57	CONSUMER
	YTD
	INSIGHT

2

	%
45	NET SALES
YTD

			SWEDEN
49	408	188	FINLAND
NORWAY
Total
	173		DENMARK

Executive Management Team as of June 14th

Jeanette Jäger

CEO

Karl-Johan Werner

Chief Operating Officer

Chief Data & Analytics Officer

Elina Stråhlman

CFO

Victoria Preger

Chief Marketing &

Customer Officer

Siri Hane

Director

Business Insight

Business Area

Sari Ek-Petroff

Director

HR

Gabriella Göransson

Director

Consumer Insight

Business Area

Daniel Ejderberg

CIO

Andreas Darner

Director

Strategy and Transformation

Mikko Karemo

Chief Commercial

Officer & Deputy CEO

3	Enento Group Plc - 20 July 2023

Net sales impacted by declining Swedish consumer credit volumes, while the demand for new services surged, and adjusted EBITDA margin improved

Quarter in brief

Net Sales & Profitability

Net sales declined 1,2%*

as consumer credit

volumes drop sharply in Sweden, while adjusted EBITDA margin improves to 36,5%

Efficiency Program

Program proceeding

according to plans, MEUR

5 run-rate impact achieved, equal to ~60% of FY24 targeted benefits

Merging Business Areas

Integration of Digital

Processes into Business

Insight in mid-June, generating multiple synergies and enabling Nordic offerings

Customer Experience

Q2 NPS of 44 from strategic and large customers improving from Q1 and clearly above industry peers***

Key figures

Net sales -3,5%**

-1,2%*

39,7MEUR

Free cash flow -8,2% 5,9MEUR

Net debt to adjusted EBITDA

2,4X (2,6x)

Adjusted EBITDA -2,1%**

14,5MEUR

Adjusted EBITDA margin

36,5+0,5pp-%**

%

Share of new services

11,1 +6,0 pp-%

%

• Organic growth (exlc. Tambur), at comparable foreign exchange rates
• At comparable foreign exchange rates
• Survicate's 2023 NPS benchmark report, finance industry

4	Enento Group Plc - 20 July 2023

Efficiency Program proceeding according to plans:

EUR 5M run-rate impact achieved by end of Q2, equal to more than half of FY2024 targeted benefits of EUR 8M

FTE Efficiency

IT Efficiency

Other Measures

Total Progress KPI

• Impact from reduced number of FTEs visible from Q2 onwards
• Application service analysis pre-study completed in Sweden and transition phase started
• IT capacity and other cost reductions through decommissioning and optimization being implemented
• Continuing the digitalization of manual processes
• Renegotiation of service agreements leading into permanent benefits
• Measures leading to around 60% of the planned benefits implemented on a run-rate basis

5	Enento Group Plc - 20 July 2023