Welcome to the DDM Holding Audiocast with Teleconference Q3 2022. Throughout the call, all participants will be in a listen-only mode, and afterwards, there will be a question-and-answer session. Just to remind you, this conference call is being recorded. Today, I'm pleased to present Florian Novotny, CEO, and Fredrik Olsson, CFO. Please begin your meeting. Hello, everybody. This is Florian Novotny welcoming you to our Q3 Conference Call. First of all, some apologies for people who've been trying to find the presentation on the homepage, which is having some technical issues, putting stuff up on the homepage. The presentation is visible on the link that was attached to the invitation for the conference call for the webcast. If you just send me an email to investor@ddmgroup.ch, we can email it to you directly as well, and also we'll provide it to you afterwards. With this, I jump into the presentation, so please next page. I'll jump to page three of the presentation. As in the first slide, again, the status of DDM, how we are positioned, and we clearly identify ourselves as a Pan-European investment company with four distinct business lines. On the one hand, we've got the financial institutions investment. That's our direct exposures to European financial institutions. I will talk about this in more detail later, especially on our Nordiska slash Swiss Bankers acquisitions. The second pillar is our core NPL investments, where we are, you know, as a debt purchaser. That clearly is an area where we will see quite a number of interesting opportunities coming up next year and beyond. Thirdly, we've got our servicing and digitalization pillar that's focused on AxFina, where we do loan and asset servicing. Fourthly, special opportunities where we do opportunistic investments, related to the other parts, but a little bit separate or with special angles. We think that all this taken together, we are offering an interesting opportunity to invest into the various challenges that we see coming out of the European banking markets, which makes us, on the one hand, an interesting partner for people who wanna divest assets and need the solutions. Secondly, as an interesting investment opportunity, for investors seeking exposure to the wider underlying markets, and not just being confined to strict debt purchasing. On the next slide, we highlight the key developments of Q3. Next slide, please. Okay. Yes. The third quarter was a good quarter for us. We were quite happy with it. Our gross collections from the NPL side, including the proportion from our joint ventures, increased to EUR 23 million. That's a significant increase over the last quarters. In Q2, we had EUR 15 million. That was mainly driven by a successful exit from a larger real estate asset in Croatia, which also shows that there definitely still is liquidity in our real estate markets, which is a core aspect for DDM because most of our NPLs are secured, so there's some form of real estate behind it. The moment we see still quite strong market on it. On an operational or on an M&A level, we announced that we successfully restructured the Swiss Bankers acquisition and combining this with Nordiska. We'll talk about this on the next slide. The same regarding our acquisition of AxFina, where we now hold a more than 50% stake and fully consolidated. We ended the quarter with EUR 58 million of liquidity on our balance sheet, so which gives us sufficient liquidity to cover, on the one hand, the upcoming Swiss Bankers slash Nordiska acquisition and gives us enough headroom for the remaining business. With this on the next slide, I wanna just talk a bit more about our investment in Nordiska. As you know, at the end of last year, we announced our acquisition in Swiss Bankers, and this has now transformed into a wider deal, which looks as follows. DDM will acquire a minority stake in Nordiska, which is a Swedish bank. We will contribute or underwrite the cash capital increase in Nordiska for a low EUR 40 million amount. With this liquidity/capital, Nordiska will be enabled to acquire Swiss Bankers. We will end up with a minority stake in Nordiska, and Nordiska will own 100% of Swiss Bankers. That's the first step of the transaction. In the second step of the transaction, Nordiska will also take over Omnio. If you remember, Omnio is a UK-based fintech which provides a platform for banking-as-a-service solutions and then related offerings. That will also be integrated in Nordiska. Ultimately, then, Nordiska will be a platform which has the scale and has the attractive business model that makes it ideally suited and ultimately to also be listed. We are really working together with Nordiska to create something that has a pan-European scale, has a really high-class cutting-edge business model focusing on various aspect of technology-driven consumer banking. With this, we think that will enable us to really participate in an attractive future growth story driven out of Sweden by Nordiska, but really with a pan-European angle. On the next page, some more information and background on Nordiska. Nordiska is a fully regulated Swedish deposit-taking institution. It's been around for a while, and it really has focused on offering very cost-efficient, mainly consumer-focused, SME-focused lending products. It's very technology-driven, so that's why it fits well with Omnio. It also has a banking-as-a-service approach where Swiss Bankers can add a lot of value to it. We've known Nordiska for a number of years and know its management and its founders. It's a good opportunity for both Nordiska and DDM to join forces here to create something new and bigger that will really be a key value driver. On the next page, I am coming to AxFina. Our servicing and collection business/digitalization servicing business. AxFina is a platform where EBRD also has a 24% stake and helped the business grow. It is positioned as, on the one hand, being the captive servicer for DDM, but it really is much more than that. It is now significantly increasing its third-party business, both on the more traditional servicing side, and also rolling out a digital-focused collection business with the idea to also offer lending-related services. It recently made a nice acquisition in Poland, so it entered the Polish market, which we think offers quite a good scope for consolidation. As they are more or less newcomer in the market, they also have really state-of-the-art systems and can offer attractive solutions to their customers. We expect, especially in the current environment, a number of growth opportunities for this business coming up for the next few years. With this, I now hand over to Fredrik, focusing on the financials. Thank you, Florian. Please turn to slide nine. ERC stands at EUR 295 million at the end of Q3 this year. Broadly in line with the end of last year, with the acquisitions of Set and Collections during the year. The majority of the ERC is secured, and about 70% of it is expected to be received in the next three years. Please turn to slide 10, which shows our financial KPIs for the last 12 months. Adjusted gross collections totaled EUR 74 million for the last 12 months ending 30 September, an increase of 19% compared to 2021. Adjusted cash EBITDA was standing at EUR 52 million for the last 12 months, an increase of 33% compared to last year. Total assets amounted to EUR 256 million at the end of September, a slight increase of EUR 8 million compared to the end of last year. Equity amounted to EUR 31 million at the end of September, with an equity ratio of 21% in the bond group. Please note, as previously mentioned as well, that the covenants under the senior secured bonds are incurrence covenants and not maintenance covenants. Our operating margin was 63% for the last 12 months, mainly due to a strong contribution from our joint venture. Our LTV ratio, which is the ratio of net debt to ERC, is slightly above 2021 at 51%. Please turn to slide 11. This slide shows our balance sheet structure at 30 of September 2022, with total assets of approximately EUR 256 million. Increasing slightly, as previously mentioned, on the back of the acquisition of AxFina and the associated consolidation of it. The main movements compared to the end of 2021 is the increase in other assets and financial assets on the asset side and long-term loans on the liability side. We have a strong liquidity position with approximately EUR 58 million of cash available to fund investments and to capitalize on market opportunities as previously mentioned by Florian. With that, I would like to hand back to Florian as well, again, to summarize the quarter. Thank you. As mentioned, this has been the strongest quarter in quite a while. It was also important for us to also show a positive IFRS net income. Also if you look at the year-to-date P&L, it's still negative, but that mainly has to do with the fact that in Q1, there was a significant mark-to-market loss of around EUR 6 million on the Adecco position. If you take out this non-cash one-off, then I think it shows that we are have a good trajectory on the P&L side here. What are we focusing on at the moment is finalizing the acquisition of Swiss Bankers Nordiska to really have this great combination executed. Looking at our cash position, we've got the cash available to do that, so we are not dependent on raising any immediate financing here to execute what we are planning to do here. Looking on the next page as we are already towards the end of the year 2022, I think it makes sense to give you a flavor of what we're expecting for next year. Clearly, 2023, the key event will be forming this new Swiss Bankers Nordiska Omnio combination, where we will have ultimately around 35%-38% stake in it. That will give a strong position in the European consumer finance market, where we expect significant potential for value creation here, especially with a view of then listing this combined entity and helping to move it forward. That's the first thing. Secondly, the macroeconomic climate, how difficult it is in general, it's good or we expect positive aspects of it for the core NPL sphere. One of the reasons why during the last, perhaps, you know, three years, we've been very disciplined and very strict on the new investments was that actually it was hard to find good risk-return opportunities in the core NPL sphere. We expect this to change sometime next year. We are not there yet. At the moment we don't see, you know, significant new portfolios coming to the market. Obviously, I think there's a clear expectations that towards middle of next year or so, there will be additional material coming to the market in the NPL sphere, and that's where we also wanna engage in. Thirdly, as mentioned, AxFina, which is not fully consolidated in DDM, will roll out new enhanced products, and where we also expect a visible growth path and additional revenues coming out of the AxFina business. I think this puts us on a quite interesting positioning for the next year. It will be a busy year. But also from an investor side, I hope that next year we can demonstrate that a lot of the initiatives we've been doing this year will bear fruit and become also more visible and tangible to all of us. With this, I hand over to the moderator for questions. Thank you. Ladies and gentlemen, if you do wish to ask a question, please press 0 followed by the one on your telephone keypad. Once again, to register, it's zero followed by the one on your telephone keypad. There will be a brief pause while questions are being registered. Thank you. There appear to be no questions. I'll return the conference back to you. Thank you. As usual, both Fredrik and myself are, of course, always available to answer any questions. If you wanna have any follow-up call with us, happy to do so. Otherwise, as you see the upcoming IR events, which is the full-year report, mid-March. Of course, I'm happy to talk to any of you before that. Thank you. Bye. Thank you. This does conclude today's conference call. Thank you all for attending. You may now disconnect your phones.