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DDM HOLDING AG Corporate Registration Number : CHE - 115906312 Q2 interim report | 1 January - 30 June 2021 Investment activity intensifies following bond refinancing Highlights second quarter 2021 Gross collections amounted to EUR 14.7m ( 14.7 ) * Net collections amounted to EUR 11.9m ( 13.3 ) * Cash EBITDA amounted to EUR 9.4m ( 10.4 ) * Net loss for the period of EUR 0.1m ( 0.7 ) * Investment in a distressed asset portfolio located in Romania with a GCV ( face value ) of approximately EUR 90m Cash at the end of June 2021 was EUR 41.2m ( 31.4 at December 2020 ) Gross ERC at the end of June 2021 was EUR 243m ( 258 at December 2020 ) • Highlights six months 2021 Significant events after the end of the quarter Florian Nowotny appointed Chief Executive Officer with effect as of 1 August 2021 replacing Henrik Wennerholm IFRS Consolidated Amounts in EUR ' 000s ( unless specified otherwise ) Gross collections ** Collection and commission expenses ** Gross collections amounted to EUR 30.4m ( 37.1 ) * Net collections amounted to EUR 25.7m ( 32.9 ) * Cash EBITDA amounted to EUR 20.6m ( 27.6 ) * Net profit for the period of EUR 0.2m ( loss of 0.8 ) * Assigned a ' B ' Rating with stable outlook to DDM Debt AB by both S & P Global Ratings and Fitch Ratings Successfully issued EUR 150m of fixed rate senior secured bonds with a five - year tenor under a framework of up to EUR 300m , enabling DDM Debt to refinance its existing bonds and capitalize on market opportunities to expand its investment portfolio Key financial highlights above include non - IFRS alternative performance measures that represent underlying business performance . Further details including a reconciliation to IFRS can be found on page 18 . Net collections Revenue from management fees Operating expenses Cash EBITDA Amortization , revaluation and impairment of invested assets Share of net profits of associate and joint venture Operating profit Net ( loss ) / profit for the period *** Selected key figures Total assets Invested assets Net debt Equity ratio **** Cash flow from operating activities before working capital changes Gross ERC 120 months ( EUR M ) Earnings per share before and after dilution ( EUR ) Total average and number of shares at the end of the period ** *** 1 Apr - 30 Jun 2021 ** 10,715 ( 1,584 ) 9,131 ( 2,488 ) 6,643 ( 4,995 ) 874 2,397 ( 4,010 ) 204,963 131,111 109,977 19.2 % 1,293 243 ( 0.30 ) 13,560,447 1 Apr - 30 Jun 2020 ** 13,157 ( 841 ) 12,316 ( 2,949 ) 9,367 ( 6,560 ) 206 2,931 ( 711 ) 232,893 192,847 163,249 13.2 % 8,182 292 ( 0.05 ) 13,560,447 1 Jan - 30 Jun 2021 ** 24,661 ( 2,555 ) 22,106 ( 5,197 ) 16,909 ( 11,902 ) 1,829 6,631 ( 3,742 ) 204,963 131,111 109,977 19.2 % 11,886 243 ( 0.28 ) 13,560,447 1 Jan - 30 Jun 2020 ** 31,819 ( 1,720 ) 30,100 ( 5,324 ) 24,776 ( 15,161 ) 556 10,007 ( 818 ) 232,893 192,847 163,249 13.2 % 22,269 # 292 ( 0.06 ) 13,560,447 ddm DDM Holding AG is a specialized multinational investor and manager of non - performing loans and special situations Full Year 2020 113,232 ( 3,863 ) 109,369 74 ( 12,604 ) 96,839 ( 69,473 ) 1,257 28,215 9,140 195,525 137,929 106,786 22.2 % 90,087 Unaudited The bond refinancing in Q2 2021 resulted in total negative non - recurring items of approximately EUR 3.9m in Q2 and H1 2021 due to the call premium of EUR 2.4m that was paid and expensed in relation to the EUR 100m and EUR 33.5m bonds , and the non - cash write off of about EUR 1.5m for the remaining capitalized transaction costs . The equity ratio for the DDM Debt Bond Group calculated according to the terms and conditions of the DDM Debt AB bonds is 26.6 % at 30 June 2021 The information in this report requires DDM Holding AG to publish the information in accordance with the EU Market Abuse Regulation and the Securities Market Act . The information was submitted for publication on 29 July 2021 at 08:00 CEST . 258 0.67 13,560,447