Q1 - 2019Investor Presentation

Executive Summary

Business Overview- Offline, Online and mobile consumer lending- Technology and strong data driven company

Large scale- EUR 41.7 million loans granted since inception in 2017- 155 thousand registered customers- 38 branches as at 31.03.2019, plan to open 20 more by end of Q3 2019

Diversification- Average issued loan amount 137 EUR (Single Payment Loan) and 260 EUR (Installment Loan)

Solid financial performance- Positive EBITDA since May 2018- 1M EUR EBITDA in Q1 2019

Strong NPL management- NPL to issued loan volume (in 2018) 7%- NPL to portfolio 11%- NPL coverage 141%

Highly experienced management team- Extensive fintech, risk and audit experience

KEY FIGURES, MEUR Q2 2018 Q3 2018 Q4 2018 Q1 2019Interest income 1.4 2.0 2.7 3.5EBITDA 0.6 0.6 1.5 1.0Net profit/(loss) 0.2 0.2 1.0 0.4Total loans issued 4.8 6.4 8.1 9.6Net loan portfolio 4.9 6.7 9.9 12.7Operating Cost to income ratio 58.3% 50.1% 45.2% 30.2%EBITDA margin (end of period) 17% 22% 36% 29%

Sebo at glance

01

02

03

04

05

06

01 Sep 2017Launched

installment loans

Dec 201720 Branches

Opened. Total Issued Loans

5.4M EUR

06 Jan 2017 Founded the

company “Sebo Credit” LLC

Mar 2019Total Loans issued

41.7m EUR

Dec 201831 Branches

Opened, Total Issued Loans 23.5M

EUR Jan 2019Market share above

20% achieved

• Established in 2017

• Has positive EBITDA from 2018

• Registered customer base of more

than 155 thousand people

• Two products: Single payment loans

and Instalment loans

• Current number of branches 38 and

increasing• One of top Fintech companies inMoldova with estimated marketshare of 28%

Branch Network

31

152

7

15

81%

Sales oriented company structure

# Branches Staff % Sales vs HQ

Q1 20192018

• Sales oriented structure• 38 branches covering main regions of the country• 20+ additional branches expected in 2019• Total number of 167 employees

Portfolio Overview• Record loan issuance volume during Q1 2019, issued EUR 9.59 million inloans to 46 thousand customers

• Loan portfolio reached EUR 15.5 million at the end of Q1 2019

• NPL to loan issuance ratio tends to improve over time with moredata/better score cards and more returning customers

• Very prudent provisioning methodology leading to 141% NPL coverage atthe end of Q1 2019

• At the end of Q1 2019, NPLs represented 7% of total issued loans over thelast 12 month

NPL90+ Coverage. Healthy Portfolio (0-90) NPL to issued loans (2018)

141% 89% 7%

75%

9%

3%2%

11%

Delay Buckets

Not overdue

1-29d late

30-59d late

60-89d late

90-360

4.24 4.80

6.41

8.05

9.59

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019

Issued Loans EUR millions

Financial Highlights

0.92

1.45

2.04

2.67

3.52

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019

Interest Income M EUR

71%

58%

50%45%

30%

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019

Cost to Income Ratio

3.70

4.96

6.80

9.86

12.69

-

2.00

4.00

6.00

8.00

10.00

12.00

14.00

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019

Net Loan Portfolio M EUR

0.36

0.78 0.75

0.98

1.42

39%

48% 43% 41% 40%

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019

EBITDA M EUR and EBITDA margin (%)

2.30

3.303.01 3.16

3.35

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019

Interest Coverage Ratio

Thank You

Sebo CEO – Sergiu Sobuleac