Slides
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To change the background colour. right - click and choose Format Background > Solid Fill . Then select “White” or “Grey 20” from the colour palette. Second quarter 2026 Results presentation
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© Intrum Second quarter 2026 highlights 2 Servicing EBIT margin 2 25% 30 - 35% Target 2030 Current RTM 1 A SEK 7.5bn fully guaranteed capital raise and a SEK 2.4bn portfolio sale contributed to rating upgrades by S&P and Moody’s to B - and B3 1. RTM = Rolling 12 months 2. The target is on an unadjusted basis, while the current RTM figure is adjusted for IACs 3. 2Q financials adjusted for capital raise and portfolio sale net proceeds Servicing leverage ratio 2 6.2x 3.0x Target 2028 Current RTM 1 2Q proforma 3 Total costs (SEK bn) 2 11.9 10 - 11 Target 2030 Current RTM 1 4.3x Operational transformation continues with cost developing according to plan. FTEs were 8% lower year on year Continued Servicing income growth in Traditional markets, however not sufficient to offset the decline in Specialised markets. More challenging to achieve largely flat Servicing income in 2026
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© Intrum Servicing: Stable margins External Servicing income (SEK m) & Organic growth (%) Servicing adjusted EBIT (SEK m) & adj. EBIT margin (%) 2,243 2,411 2,658 3,074 3,290 3,448 3,481 3,408 3,332 15% 23% 25% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Adj. EBIT RTM Adj. EBIT Margin RTM 3,201 2,911 3,466 3,028 2,979 2,916 3,348 2,737 2,878 - 6% Q2 2024 - 6% Q3 2024 - 6% Q4 2024 - 1% Q1 2025 - 3% Q2 2025 +3% Q3 2025 +1% Q4 2025 - 5% Q1 2026 - 2% Q2 2026 External Servicing income Organic growth 3 • Organic growth in Traditional markets only partially offset natural decline in Specialised markets • Maintained strong cost discipline . C ost level - 4 % lower compared to Q2 2025 driven by personnel expenses • Acceleration of Operational Excellence program continued, supported by implementation of AI solutions
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© Intrum Specialised markets • The natural decline in Greece, Italy and Spain has continued • UK performance impacted by slower and delayed new sales Traditional markets • Overall Traditional markets, representing ~45% of the income in Q2 2026, have organic growth of +7% • Most of our Traditional markets continued to grow, with top contributors being Belgium and Netherlands, Switzerland and Finland, while Germany’s performance weighs on growth External Servicing income dynamics continue External Servicing income evolution (%) & Organic growth (%), Q2 2026 vs Q2 2025 4 Q2 2025 - 1% Savoy consolidation - 4% Specialised markets * +2 % Traditional markets * 0 % FX Q2 2026 2,979 2,878 - 3% - 6% Organic growth +5% - 2% * Please, refer to p15 in appendix for further details on Intrum’s markets structure
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© Intrum OPERATIONAL EXCELLENCE PROGRAM Building a next - generation, lower - cost operations platform Program launched in Q1 2026. Group - led program executed locally to transform Intrum's operations from a traditional, expert - driven model into a next - generation platform State of art operational platform. Ambition to significantly increase efficiency and reduce FTE cost base by ~35 - 40% over ~3 years in the targeted operations Combination of technology and process levers. Utilise automation opportunities, AI, and performance management to considerably lower cost - to - collect Identified savings to date on par / exceeding ambition. 5 countries now started the program (Norway, Germany, Sweden, Finland & Greece), with meaningful identified savings to date, and high - impact initiatives being implemented What's next? Document management, email automation and call wrap - up solutions now in production. Program execution is being accelerated in H2 2026 into additional markets, scaling proven initiatives across the platform 5
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© Intrum Investing: Collections above expectations 1. Collection index does not include JVs 109% 111% 111% 111% 111% 109% 109% 109% 109% 108% 102% 101% 101% 101% 101% 102% 103% 103% 103% 102% 2 4 6 8 10 12 14 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Collection index RTM vs original forecast vs active forecast Gross collections 6 • Collections better than active forecast with a performance index 102% for the quarter and rolling 12 - month basis • SEK 197m Portfolio investments in the quarter, at a blended IRR of 19% • Ramping up investment pace on the back of capital raise Gross collections (SEK bn) & collection index vs original and active forecast (RTM %)
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Second quarter financials
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© Intrum Group key financials 8 Second quarter 12 months SEK m Q2 2026 Q2 2025 % Change RTM FY 2025 % Change Total income 4,053 4 , 2 0 6 - 4 16 ,355 17 , 030 - 4 Share of associates and JVs 1 11 175 - 37 500 532 - 6 Total costs - 2 , 9 99 - 3 ,058 - 2 - 16,688 - 17 , 147 - 3 Net credit gains/losses - 27 3 n/a 539 19 n/a EBIT 1,137 1 ,326 - 14 707 435 63 Items affecting comparability 14 6 0 - 77 4,806 4 , 910 - 2 Adjusted EBIT 1,151 1,386 - 17 5, 513 5 , 345 3 Net financial expense - 576 - 7 69 - 25 - 911 - 193 n/a Tax expenses - 2 77 - 15 2 82 - 1, 476 - 1 , 314 12 Non - controlling interest - 107 - 8 1 32 - 367 - 356 3 Net income 1 178 324 - 45 - 2, 047 - 1 , 429 43 Servicing leverage ratio 2 6 . 2x 5 . 7x Adjusted total costs - 2 , 9 86 - 3 ,01 6 - 1 - 11 ,896 - 12 , 269 - 3 Number of employees (FTEs) 8,149 8,855 - 8 8,149 8 ,381 - 3 17.9 13.4 16.4 11.9 - 11% - 9% Q1 2025 Q2 Q3 Q4 Q1 2026 • Income decreased due to lower Servicing income and smaller investment book • Cost reduction according to plan • Net financial expense includes Savoy impairment reversal of SEK 307m. Tax expense was impacted by a one - off adjustment of SEK 97 m related to prior years in Italy SEK bn Total income RTM Total adjusted costs RTM 1. Amounts attributable to the Parent’s shareholders 2. Comparative periods have been re - calculated to reflect full consolidation of Savoy group Q2
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© Intrum Servicing 9 Second quarter 12 months SEK m Q2 2026 Q2 2025 % Change RTM FY 2025 % Change External income 2,878 2,979 - 3 11,878 12,270 - 3 Internal income 371 422 - 12 1,478 1,560 - 5 Total income 3,249 3,400 - 4 13,357 13,830 - 3 Share of associates and JVs 20 14 37 89 69 28 Total costs - 2,522 - 2,617 - 4 - 14,725 - 15,087 - 2 EBIT 747 798 - 6 - 1,280 - 1,188 8 Items affecting comparability 14 39 - 65 4,612 4,669 - 1 Adjusted EBIT 761 837 - 9 3,332 3,481 - 4 Adjusted Servicing EBIT margin, % 23 24 - 2 25 25 0 Change in external income, % - 3 - 7 4 - 4 - 3 - 1 - thereof organic growth - 2 - 3 1 - 1 0 - 1 - thereof Savoy cons. impact - 1 0 - 1 0 0 0 - thereof foreign exchange 0 - 4 4 - 3 - 3 0 Q1 2024 Q2 Q3 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 25% Q2 2.2 2.3 2.4 2.7 3.1 3.3 3.4 3.5 3.4 3.3 Servicing adjusted EBIT (RTM) Servicing adjusted EBIT margin (RTM) SEK bn • Stable Servicing adjusted EBIT margin RTM year on year at 25% • External servicing income - 3% due to natural decline in Specialised markets • Traditional markets saw organic growth in aggregate
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© Intrum Investing 10 Second quarter 12 months SEK m Q2 2026 Q2 2025 % Change RTM FY 2025 % Change Income 1,172 1,222 - 4 4,438 4,717 - 6 Share of associates and JVs 91 161 - 43 441 463 - 11 Total costs - 662 - 608 9 - 2,428 - 2,515 - 3 Net credit gains/losses - 27 3 n/a 540 19 n/a EBIT 575 777 - 26 2,960 2,684 10 Items affecting comparability 0 - 1 n/a 1 23 - 95 Adjusted EBIT 575 777 - 26 2,961 2,707 9 Book value 1 25,307 27,350 - 8 25,307 25,336 0 Gross collections 2,001 1,945 3 7,191 7,501 - 4 New investments 197 140 40 1,281 1,151 11 IRR new investments, % 19 19 0 19 18 1 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% Q1 2024 Q2 Q3 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 RTM avg. net unlevered underwriting IRR Cost of funds Unlevered net IRR Cost of funds 2.4 x 19% 7.6% 1. Comparative periods have been re - calculated to reflect full consolidation of Savoy group • Consolidation of Savoy group increased the book value by SEK 3.8bn • Gross collections increased 3% year on year • SEK 197m Portfolio investments in the quarter, at a blended IRR of 19%
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Second quarter summary
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© Intrum Quarterly collection index 102% vs active forecast Investment pace to increase post capital raise Strengthened balance sheet enables acceleration of strategy execution 12 Income outlook behind plan Stable adjusted EBIT margin Successfully executed capital raise and SEK 2.4bn portfolio sale Continued headwinds from Specialised markets More challenging to achieve largely flat Servicing income in 2026 Accelerated operational transformation Investing
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Q&A