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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 - - 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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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which are not currently known to us, and may be superseded by future events that could cause actual results to differ materially from those expressed or implied herein.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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