Q2 2019 Conference Call Presentation 1 Statements herein, other - - PowerPoint PPT Presentation

q2 2019 conference call presentation
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Q2 2019 Conference Call Presentation 1 Statements herein, other - - PowerPoint PPT Presentation

Q2 2019 Conference Call Presentation 1 Statements herein, other than statements of historical fact, are forward-looking statements, which are based on our current beliefs, projections, assumptions and expectations concerning future operations


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Q2 2019 Conference Call Presentation

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Statements herein, other than statements of historical fact, are forward-looking statements, which are based on our current beliefs, projections, assumptions and expectations concerning future

  • perations 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which are not currently known to us, and may be superseded by future events that could cause actual results to differ materially from those expressed or implied herein. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of today, and are qualified in their entirety by these cautionary statements. Information regarding risk factors and other information that could change our projections or impact our actual results can be found in our most recent Annual Report on Form 10-K and in subsequent public filings, and should be considered in evaluating the forward looking statements herein. Except as required by law, we assume no

  • bligation to update or revise these statements to reflect changes in events, conditions or

circumstances on which any such forward-looking statements are based, in whole or in part.

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IN INVESTMENTS DELIVER RECORD CA CASH SH COLLECT CTIONS

People Legal Data Digital

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Q2 2019 HIG IGHLIGHTS

Record cash collections of $470 million Continued solid portfolio investment of $289 million Record Estimated Remaining Collections (ERC)

  • f $6.4 billion
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AMERICAS

Record cash collections in Americas Core Invested $122 million in Americas Core Maintaining returns in the legal channel Stable supply and pricing

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EUROPE

Record cash collections in Europe Investment in Europe was $141 million Select markets improving Pipeline is active

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FIN INANCIAL RESULTS - GAAP

Q2 2019 Q2 2018

Cash Collections $470.3 $406.6 Total Revenues $252.1 $221.5 Net Income Attributable to PRA Group, Inc. $18.6 $19.6 Operating Expenses $187.5 $163.4 Diluted EPS $0.41 $0.43

($ in millions, except per share results)

Net Allowance Charges $1.2 $2.8

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Americas Core, $294.2 Europe Core, $117.6 Global Insolvency, $58.4

CA CASH SH COLLECT CTIONS

($ in millions)

Americas Core, $233.8 Europe Core, $109.4 Global Insolvency, $63.5

Second Quarter 2019 Second Quarter 2018

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Q2 2019 CA CASH SH EFFICIENCY RATIO IO OF 60.4%, 59.8% YTD TD

($ in millions, Cash efficiency ratio = (cash receipts – operating expenses)/cash receipts)

298 383 433 592 762 971 1,214 1,444 1,604 1,569 1,538 1,640 941 0% 10% 20% 30% 40% 50% 60% 70% 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q2 YTD Cash Receipts Cash Efficiency Ratio Insolvency as a % of Cash Collections

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ESTIMATED REMAINING COLL LLECT CTIONS AND AVAILABLE CA CAPITAL

Estimated Remaining Collections

($ in millions)

United States - $3,496 United Kingdom - $1,284 Central Europe - $671 Southern Europe - $172 Northern Europe - $495 Other Americas - $286

$753 Million Available for Portfolio Purchases

as of June 30, 2019

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PRA GROUP REMAINS WELL LL POSI SITIONED FOR TH THE FUTURE

Record cash collections and ERC Strong portfolio investment worldwide Expect full year cash efficiency ratio to approach 60% Operate by a set of founding principles

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Q&A

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Q3 3 20 2019 19 ESTIMATED RE REVENUE MODEL - $ $ IN IN THOUSANDS