Slides
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B2 Impact ASA Arctic Nordic Debt Collection Webinar 9 January 2026
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B2 Impact Today’s presenter André Adolfsen Chief Financial Officer Arctic Nordic Debt Collection Webinar 2026 B2 Impact2
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B2 Impact This is B2 Impact Arctic Nordic Debt Collection Webinar 2026 Key financials1 Total ERC as of Q3’25 ll o e en es pe T T et pro t as re en e as T as ar n e era e rat o T Q3 25 nse red e red s NOK 25.6bn 1) Key financials exclude Non-recurring items3 B2 Impact Markets Head office, Norway
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B2 Impact 2025 highlights ✓ Sustainable strong collection performance and ERC growth ✓ Upside in book values and ERC ✓ Significant growth in investments from previous year ✓ Reinvested strong cash flow from REO sales fuelling future EPS growth ✓ NOK 40m lower annual interest cost with latest bond issue ✓ Growth in EPS of 74% last 12 months (LTM) ✓ Expected dividend of at least NOK 1.7 per share for 2025 Arctic Nordic Debt Collection Webinar 20264 2026 priorities B2 Impact → Stable top line growth with notably higher growth in EPS → Investments mainly focused on unsecured → Cost control and increased automation → Leverage ratio below 2.5x → Increased dividends
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B2 Impact Key value drivers for EPS growth Arctic Nordic Debt Collection Webinar 20265 1) Earnings per share (EPS) in NOK nse red ro t oo a e n rease nse red per or an e nterest osts ost s a a ty • Double digit growth in unsecured collections • Increased collections performance • ERC upside reflected in positive revaluations • Gross IRR equal to Net IRR in the near term due to cost reductions and scalability • Significant reduction in interest costs • Increased investment level in 2025 to boost further EPS growth in 2026 0.57 0.33 1 1
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B2 Impact Sustainable collection over-performance • Unsecured collections growth of 29% last 5 years • Unsecured performance of 110% LTM despite positive revaluations of NOK 427m from 2021 to Q3 2025 • Substantial upside in Book Values and ERC through strong collection performance over time Arctic Nordic Debt Collection Webinar 20266 T o e t on er or an e
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B2 Impact Strong cash earnings supports investment growth and high dividends combined with low leverage Arctic Nordic Debt Collection Webinar 20267 Cash flow LTM Q3 2025 t er ort o o n est ents as T ree as o as arn n s nan a s ta 5 32 NOKm ≥ Dividend per share (NOK)1 1) Dividends for the financial year, distributed the following year
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B2 Impact Solid financial position with secured long-term funding cost Arctic Nordic Debt Collection Webinar 20268 Capital Structure (EURm) E+3.90%I+2.80- 3.90% E+3.75% E+3.25% • Reduced annual interest costs by NOK 40m through latest refinancing • Hedging ratio at 72% with almost 3 years duration • Liquidity reserve of ~EUR 400m + operational cash flow Debt and interest cost (NOKm)
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B2 Impact Financial expectations for 2025 Arctic Nordic Debt Collection Webinar 20269 Increased dividends1 3.5 – 4 Portfolio investments (NOKbn) ≥ REO sales (NOKm) T 3.0 T T 600 – 800 622 1.49 • REO sales of around NOK 700m • Leverage ratio comfortably below 2.5x • Annual portfolio revaluations of NOK 150–200m in 2025–2027 • Dividends of at least NOK 1.7 per share 1) Dividends for the financial year, distributed the following year
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B2 Impact Key takeaways – Balancing low credit risk with high dividend potential Arctic Nordic Debt Collection Webinar 2026 Scalable cost base High and increasing dividends Large upside in book values and ERC Low cost of debt with low credit risk Strong collection performance and ERC growth B2 Impact10
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B2 ImpactB2 Impact Arctic Nordic Debt Collection Webinar 2026 Q&A 11
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B2 Impact Cort Adelers gate 30, 7th floor 0254 Oslo, Norway +47 22 83 39 50 post@b2-impact.com IR contact Rasmus Hansson Head of Investor Relations and M&A +47 952 55 842 rasmus.hansson@b2-impact.com b2-impact.com