Statements in this presentation, other than statements of historical fact, are forward-looking statements, which are based on our current beliefs, projections, assumptions and expectations concerning future operations and financial performance. Such statements involve uncertainties and risks, some of which are not currently known to us, and may be superseded by future events that could cause actual results to differ materially from those expressed or implied in this presentation.
You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this presentation and are qualified in their entirety by these cautionary statements.
Information regarding risks and other factors that could cause our actual results to differ materially from our expectations can be found in our most recent Annual Report on Form 10-K and in subsequent SEC filings and should be considered in evaluating the forward-looking statements in this presentation. Except as required by law, we assume no obligation to update or revise these statements to reflect changes in the events, conditions, or circumstances upon which any such forward-looking statements are based.
1 Nasdaq: PRAA
Agenda
Industry Overview
Company Overview
Market Overview
Financial Overview
Investing in PRA Group
Appendix
2 Nasdaq: PRAA
PRA Group's Role in the Economy
Asset Types:
Major Credit Cards
Private Label Credit Cards
Auto Loans
Personal Loans
Creditor extends credit to
consumerConsumer fails to make timely payments and becomes delinquent
1 2
Steps 2-3:
Creditor's lending behavior is affected
Consumer's credit score is negatively impacted
PRA Group companies work
with consumer to pay down
6
The Debt
and resolve debt
Sale and
3
Creditor attempts to collect
delinquent payments
Collection
Process
5
PRA Group restores value to creditors, expanding their ability to continue lending to consumers
Additional lending can support economic growth
4
If unsuccessful, creditor charges off account and sells to PRA Group, restoring value
3 Nasdaq: PRAA
Agenda
Industry Overview
Company Overview
Market Overview
Financial Overview
Investing in PRA Group
Appendix
4 Nasdaq: PRAA
Attachments
Original Link
Original Document
Permalink
Disclaimer
PRA Group Inc. published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 22:17:04 UTC.
PRA Group, Inc. is a financial and business services company with operations based primarily in the Americas and Europe and Australia. The Companyâs primary business is the purchase, collection and management of portfolios of nonperforming loans. The accounts it purchases are primarily the unpaid obligations of individuals owed to credit originators. It purchases portfolios of nonperforming loans at a discount in two categories: Core and Insolvency. Core operation specializes in purchasing and collecting nonperforming loans, which it purchases since the credit originators have chosen not to pursue, or have been unsuccessful in, collecting the full balance owed. Insolvency operation consists primarily of purchasing and collecting nonperforming loans where the customer is involved in a bankruptcy proceeding, or the equivalent thereof, in certain European countries. It also provides fee-based services on class action claims recoveries in the United States.
PRA GROUP, INC. 
