www.credius.ro

CREDIUS IFN SAInvestor presentation: 4M 2019 resultsJune 30, 2019

www.credius.ro

DISCLAIMER

This presentation is of selective nature and is made to provide an overview of the Company’s business based on historical and 4M2019 results.

Facts and information used in this presentation may be subject to revision in the future. Any forward-looking statements might besubject to change as well.

This presentation is not a legally binding document and the Company shall have no liability for any direct or indirect loss from the useof this presentation.

This presentation does not purport to contain all the information that investors may require in evaluating the Company. Investorsshould consult publicly available and privately disclosed information regarding the Company.

www.credius.rowww.credius.ro 3

The leader in innovations on the Romanian financial market

We are in the top 5 non-banking financial institutions in terms of number ofcustomers, size of loan portfolio, and volume of new loan origination.

Due to smart technologies the lending process is simplified to the maximum andallows instant loans granting.

CREDIUS IFN SA

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CREDIUS GROUP STRUCTURE

LAPWORTH HOLDINGS LTD.

Member of NCH Group

CREDIUS IFN

Consumer & SME lending

BUSINESS MICROCREDIT IFN

Car loan originator

INTEGRAL COLLECTION SRL

Debt collection

FINOPRO IFN

Acquisition of live loan portfolios in the open market

CREDIMATIC NETWORK SRL

Loan Broker

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70 branches

170+ employees

69,000+ loan issue transactions

CREDIUS IFN SA

250+ retail marketplaces providingloans from Credius as payment-enabling solution

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EUR 12M in total loan portfolio (asof the end of April 2019)

EUR 5.0M EBITDA (FY 2018)

EUR 12.3M value of loans issued (FY 2018)

KEY FINANCIALS

EUR 45M+ value of total loans issued since founding

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HIGHLIGHTS

Credius is the first lending company inRomania who launched an end-to-endonline consumer loan product.

“Credimatic”, a fully automated creditmachine, launched by Credius, is aunique and revolutionary innovation onthe Romanian lending market.

technology has becomea breakthrough solution in the onlinepayments retail marketplace.

6,044

5,002

689

8,989

7,222

3,028

10,022

8,168

4,238

12,252

10,431

4,984 4,687

12,012

2,042

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Loans issued, KEUR Loans portfolio in total, KEUR EBITDA, KEUR

HIGHLIGHTS

2015A 2016A 2017A 2018A Apr'2019

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CREDIUS PORTFOLIO STRUCTURE OVERVIEW

The bulk of Credius portfolio isrepresented by consumer loans – the“core” business line.

Starting 2Q 2018, Credius also emerged as a player in the car loan and corporate (SME) lending segments.

Marginally consequential, the new SME-lending segment experiences rapidgrowth and has reached 13% of globalportfolio as of the end of April 2019.

The Company has issued some 1.7M+EUR of SME loans since launch of newLoB.

9.26M EURConsumer loans

77%

1.59M EURCompanies loans

13%

1.16M EURCar loans

10%

LOAN PORTFOLIO STRUCTURE: Apr'2019

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CREDIUS CONSUMER LOAN PORTFOLIO

Volume of new loan origination hasincreased at a CAGR of 21% over 2015-2018.

The consumer loan portfolio reached EUR 9.3M as of the end of April 2019 and continues to expand at steady rates. The Company aims to stabilize its retail loan portfolio at 15M EUR and preserve that long-term equilibrium value.

6,044

8,989

10,022

10,775

3,020

5,002

7,222

8,168

9,012

9,258

- 2,000 4,000 6,000 8,000 10,000 12,000

2015A

2016A

2017A

2018A

YTD Apr'2019

CONSUMER LOANS (K EUR)

NET LOAN PORTFOLIO LOANS ISSUED

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CREDIUS SME LOAN PORTFOLIO

The SME loan portfolio reached EUR 1.6M as of the end of April 2019 and continues its rapid and consistent expansion.

658

1,174

623

1,594

- 200 400 600 800 1,000 1,200 1,400 1,600 1,800

2018A

YTD Apr'2019

SME LOANS (K EUR)

NET LOAN PORTFOLIO - SMEs LOANS ISSUED - SMEs

The Company contemplates a strategic medium-term shift from consumer LoB to SME LoB due to technological advantage and lesser regulation.

Credius uses open-source online databases to pre-score SME customers and relay credit offer.

Credius uses algorithmic analysis of collected data to produce credit decision and pricing.

The loan agreement can be digitally signed by the borrower with no logistical complexity, the funds being consequently wired into the bank account.

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CREDIUS CAR LOAN PORTFOLIO

The car loan portfolio reached EUR 1.16M as of the end of April 2019.

The Company doesn’t plan to expand its car loan portfolio and contemplates a spin-off of its current operations.

819

493

797

1,160

- 200 400 600 800 1,000 1,200 1,400

2018A

YTD APR'2019

CAR LOANS (K EUR)

NET LOAN PORTFOLIO - car LOANS ISSUED - car

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CREDIUS CONSUMER LOAN PORTFOLIO (ii)

0.50

0.62

0.67

0.810.78

0.40

0.50

0.60

0.70

0.80

0.90

1.00

2015A 2016A 2017A 2018A Apr'2019

Average loan t ranche s ize per i ssue (KEUR)

Consumer loans

32

34

33

30

33

27

28

29

30

31

32

33

34

35

2015A 2016A 2017A 2018A Apr'2019

W eighed average term of loans issued ( in months )

Consumer loans

7%

8%

10%

6%

9%

0%

2%

4%

6%

8%

10%

12%

2015A 2016A 2017A 2018A Apr'2019

NPL 60+

NPL %

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KEY FINANCIALS (i)

Starting 2H 2015, Credius hasconsistently generated excess operatingcash flows.

Excess cash flows have beenreinvested to fund further portfoliogrowth.

2,566

5,527

7,183

7,933

2,881

3,327 3,525

4,364

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2015A 2016A 2017A 2018A

KEY FINANCIALS (KEUR)

Operating cash inflows Cash outlays for OpEx &CapEx

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KEY FINANCIALS (ii)

The Company exhibits strong andconsistent EBITDA generation.

For every 1 euro in gross interestrevenues, Credius generates above 50cents in operating profits to coverdefaults, finance costs and taxes.

Current P&L structure canaccommodate significant external debtservicing due to high operating marginsand strong capitalization.

689

3,028

4,238

4,984

2,042

21%

48% 52%

53%

64%

0%

10%

20%

30%

40%

50%

60%

70%

(500)

500

1,500

2,500

3,500

4,500

5,500

2015A 2016A 2017A 2018A YTD Apr'19

KEY FINANCIALS, KEUR

EBITDA, KEUR EBIDTA margin

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KEY FINANCIALS:PROFITABILITY

Organic increase in pre-tax profits aswell as the adoption of new fiscal rulesgoverning the transfer of loanreceivables have determined theincrease in corporate profits tax.

Income statement, KEUR FY2015 FY2016 FY2017 FY2018 YTD Apr'2019

Interest and similar income 3,232 6,347 8,207 9,403 3,200

Other income 76 87 73 60 78

Gross Revenue 3,307 6,434 8,280 9,463 3,278

Selling expense 1,237 1,638 1,843 2,334 574

Administrative expense 1,381 1,768 2,198 2,146 662

EBITDA 689 3,028 4,238 4,984 2,042

Depreciation 186 185 195 176 73

Interest & f inance costs 2 30 39 90 74

Taxes - - 295 953 163

Net impairment result 1,047 1,948 1,905 3,345 1,321

NET PROFIT (546) 864 1,805 420 411

KEY FINANCIALS: PROFITABILITY

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KEY FINANCIALS:BALANCE SHEET

As of today, Credius is a financialcompany with a very strong balancesheet and significant potential to addexternal financial leverage.

Equity capital (share capital +shareholder loan) represents 8.9M EUR.

External debt amounts to 2.5M EUR.

Debt-to-equity ratio = 0.28.

Balance sheet, KEUR 2015A 2016A 2017A 2018A YTD Apr'2019

Gross portfolio 5,413 7,645 8,677 11,166 12,934

Provisions (584) (808) (560) (826) (1,326)

Net portfolio 4,829 6,837 8,117 10,340 11,607

Placements w ith commercial banks - - - - -

Cash and cash equivalents 249 346 501 490 393

Fixed assets 472 449 390 387 384

Other assets 346 380 928 1,184 1,131

Total Assets 5,897 8,012 9,936 12,402 13,515

Share capital and reserves 7,934 7,905 7,704 7,877 7,721

Retained earnings (2,354) (2,880) (1,974) (239) 75

Profit/loss for the current year (536) 855 1,866 382 354

Equity 5,043 5,879 7,596 8,020 8,150

Interest-bearing debt* 323 1,052 971 2,377 3,204

Trade payables and other liabilities 530 1,080 1,369 2,005 2,161

Liabilities 853 2,132 2,340 4,382 5,365

Total Equity and Liabilities 5,897 8,012 9,936 12,402 13,515

*Including $800k subordinated shareholder loan

K EY FI NA NC I A LS : B A LA NC E S H EET

1/I Pipera Str, Building Admin, Voluntari, Ilfov, Romania, 077191

salut@credius.ro

+40 312 293 000

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