Aprila Bank : Q2 2023 presentation

Aprila Bank ASA | Q2 2023 | 15 August 2023

Disclaimer

This presentation contains forward-looking statements that reflect management's current views with respect to certain future events and potential financial performance.

Although Aprila Bank believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors.

Important factors that may cause such a difference for Aprila Bank include, but are not limited to: (i) the macroeconomic development, (ii) change in the competitive climate,

1. change in the regulatory environment and other government actions and (iv) change in interest rate and foreign exchange rate levels.

This presentation does not imply that Aprila Bank has undertaken to revise these forward-looking statements, beyond what is required by applicable law or other applicable regulations if and when circumstances arise that will lead to changes compared to the date when these statements were provided.

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Table of contents

01	Highlights

02	Key figures

03

Outlook

04

Appendix

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APRILA BANK ASA

We reinvent business banking

Aprila provides credit to a large and underserved SME market

• SMEs account for around two thirds of employment and more than half of GDP in Europe
• These businesses are largely underserved and the funding gap for European SMEs has been estimated to EUR 400 bn
• Closing this funding gap is vital to maintain current welfare standards in European countries, and this is the reason why Aprila was founded

We leverage technology to create competitive advantage

• Our technology platform is developed in-house and exposed to own channels and partners through APIs
• We have access to large amounts of structured data, including day-to-day customer accounting data and a rapidly growing amount of behavior data

Key figures
# Business customers	6,621
(30 Jun 2023)1

Total income run-rate	165
(NOK million, annual run-rate, Jun 2023)

• Credit scoring and pricing is based on machine-learning technology, with data from our in-house developed data warehouse

Our customers receive a credit offer within 60 seconds

• We focus on availability, speed and convenience, offering products with understandable pricing and swift credit decisions
• More than half of our customers are onboarded within three days after the application is submitted

Cost / income

(LTM)2

Job creation

(Total # jobs Aprila has contributed to preserving or creating since inception)3

65%

3,708

Note 1: Number of unique lending customers on spot factoring and credit line. | | Note 2: Total operating expenses / Total income. LTM = Last twelve months. | | Note 3: Based on responses from customer surveys.

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MACRO

Q2 '22

Q2 '23

Customers are improving profitability and maintaining capitalization

Aprila customers only grew 1% last 12 months…

Average customer quarterly revenue NOK million

…but improved profitability…	…and maintained capitalization
Average EBIT margin	Equity / Revenue last 12 M

Services

Retail

Construction

Real estate

ICT

Others1

Total

1.1

1.0

2.4

2.3

2.3

2.5

0.6

0.6

1.4

1.4

1.7

1.6

1.7 +1%

1.7

9%	13%	17%	19%
3%	8%	8%	11%
5%	5%	11%	12%
27%	14%	87%	108%
-5%	-3%	37%	27%
2%	2%	12%	14%
4%	6%	15%	15%

Note 1: Others: Transportation, Hotels, Restaurants, Farming, Fishing, Manufacturing and process industries

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