Vanquis Banking Group

FY'22 Results

31st March, 2023

Today's presentation

Highlights and Overview

Malcolm Le May

Financial Review

Neeraj Kapur

Malcolm Le May, CEO

Strategy and Outlook

Malcolm Le May

Questions

Appendix Contacts

Neeraj Kapur, CFO

2

Highlights and Overview

Malcolm Le May

Chief Executive Officer

Significant strategic change delivered

2018

  • • Non-standard lender operating in the high-cost credit sector

  • • Poorly executed operational overhaul of home credit business…

  • • …Led to a £300m rescue rights issue

  • • Damaged relationship with the FCA and PRA

  • • Investigation into ROP product and resulting remediation programme

  • • Significant financial losses related to CCD

  • • No dividends paid

2022

✓ Fully repositioned as a specialist banking group with enhanced risk management framework

  • ✓ Lower risk customer profile with credit risk sustainable growth in the lower profile halverdisk mid-cost and near-prime segments of the market.…

    We will deliver focused and

  • ✓ Launched new products and offerings

    Malcolm Le May

  • ✓ Disciplined aCpEOproach to costs and investment

  • ✓ Strong capital and liquidity positions including a large limit waiver and capital requirement reduction from the PRA

  • ✓ Focused on sustainable growth and returns to shareholders

4

Strong foundations laid in 2022

Strategic

Repositioned as a specialist banking group

Credit risk profile reduced

materially

Rebranded as Vanquis

Banking Group plc

Strategic ambitions aligned

Delivering receivables growth of a higher quality

Asset quality remains high

Financial

Adjusted PBT of £127m

Strong receivables growth year-on-year

Capital requirement reduction & waiver received from PRA

Capital and funding advantages

Total dividend per share of 15.3p

40% pay-out ratio

Customers

Specific initiatives launched for each product

New price points and offerings

Personal loans establishing itself extremely well

>170% growth in receivables

Second charge mortgage product launched

>£1bn annual lending market

5

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Provident Financial plc published this content on 31 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 06:13:27 UTC.