KRUK Group Presentation 3Q 2016 2 Introduction

Transcript:KRUK Group Presentation 3Q 2016 2 Introduction:
KRUK Group Presentation 3Q 2016 2 Introduction Operating activities Market position Financial performance Strategy and summary Appendices Agenda HQ in Wrocław, Poland Currently invested in 6 countries 3 Invested market (Year of entry) Company HQ 2000 2007 2011 2014 Revenue by country 2015 2015 2011 KRUK’s core business is to manage debt for both institutional clients and for it’s own account within three segments; unsecured consumer debt, mortgages and corporate debt in Europe Highly experienced investment and debt collection management teams based in Wroclaw, Poland Proven deal execution with 500 portfolios acquired in 7 markets since 2003 Recoveries (2015) EUR 188m Acquired portfolios 499 Portfolio face value EUR 8.0bn Cash EBITDA1 (2015) EUR 119m Full time employees 3,011 Source: Company report, data as of 31 December 2015 Brief overview of KRUK Group PLN 139m 2016 4 KRUK Group – Leader of the attractive debt collection market Market leader in Central Europe with the ambition to be a key player in Europe Poland − market leader with over 18 years of operating history Romania − debt purchase market leader with 9 years of operating history Czech Republic and Slovakia − successful market entry in 2011 Germany − market entry in 2014, first portfolios purchased in 2015 Italy, Spain – market entry in 2015, first portfolio purchased in Italy (2016 in Spain) Young and attractive market The young European debt purchase market has been growing at a brisk pace for the past few years. The KRUK Group has purchased debt portfolios for over a decade now, and is among the most experienced market players. Banks are increasingly looking to sell their non-performing consumer loans, and the market is expanding into new mortgage and corporate debt sale segments. Competitive advantage KRUK enjoys a competitive advantage thanks to: its innovative amicable settlement approach supported by media campaigns combination of debt collection outsourcing with debt purchase business long-standing experience in debt portfolio valuation, purchase and management Strong performance KRUK grows much faster than the market − net profit CAGR of 48% in 2007−2015 ROE at 26% in 2015 KRUK's business generates stable cash flows − cash EBITDA* of EUR 119m in 2015, 7% higher yoy. Stable team of performance-driven staff The founding shareholder and President of the Management Board of KRUK S.A., together with a supporting team of managers, have been at the Group's helm for over a dozen years. The President and members of