Earnings Presentation Year ended December 2019 Replay Replay passcode 6 March 2020 0207 136 9233 96348337# 0800 032 9687 10:30 GMT Confidential
Disclaimer This presentation has been prepared by NewDay Cards Limited on behalf of NewDay Group (Jersey) baskets and calculations may differ significantly from any ratios or figures which are contained in this Limited (the “Company”) on a confidential basis solely for information purposes. For the purposes of this Presentation. In particular, references to EBITDA leverage and EBITDA interest cover contained in this notice, the presentation that follows shall mean and include the slides that follow, the oral presentation of Presentation have been calculated (subject to certain adjustments) in accordance with IFRS as in force as the slides by the Company or any person on behalf of the Company, any question and answer sessions at 31 December 2019 (or, in respect of periods ending prior to 31 December 2019, IFRS at the relevant that follows the oral presentation, printed copies of this document and any materials distributed at, or in time). As a result, such figures will differ significantly from the calculation of Consolidated Senior Secured connection with the presentation (collectively, this “Presentation”) . By attending the meeting at which this Net Leverage Ratio and Fixed Charge Corporate Debt Coverage Ratio (as defined under the terms of the Presentation is made, or by reading this Presentation, you will be deemed to have (i) agreed to the Senior Secured Debt and Revolving Credit Facility). following restrictions and made the following undertakings and (ii) acknowledged that you understand the legal and regulatory sanctions attached to the misuse, disclosure or improper circulation of this This Presentation may contain forward-looking statements. All statements other than statements of Presentation. historical fact included in this Presentation are forward-looking statements. 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References to Adjusted EBITDA throughout this Presentation are references to “Consolidated EBITDA” as defined in the legal documentation relating to the £425m Senior Secured Notes issued by NewDay This Presentation is not for publication, release or distribution in any jurisdiction where to do so would BondCo plc on 25 January 2017 (the Senior Secured Debt) and the Super Senior Revolving Credit Facility constitute a violation of the relevant laws of such jurisdiction nor should it be taken or transmitted into such entered into by the Company on 25 January 2017 (the Revolving Credit Facility) based on IFRS as in force jurisdiction. as at 31 December 2019 (or, in respect of periods ending prior to 31 December 2019, IFRS at the relevant time). However, all ratios, baskets and calculations required under the terms of the Senior Secured Debt and Revolving Credit Facility are based on IFRS as in force as at 25 January 2017. As a result, such ratios, 1 Confidential
Agenda 1 Business update John Hourican (CEO) 2 Portfolio performance Ian Corfield (CCO) 3 Credit performance Rob Holt (CCCO) 4 Financial results Paul Sheriff (CFO) 5 Q&A 2 Confidential
Financial highlights Strong, controlled growth driving 75% increase in EBITDA Strong, controlled receivables growth across all portfolios Controlled acquisition levels at 1.2m new accounts per annum ↑15% 3,026 1,204 1,199 113 21 15 2,623 66 1,160 UPL UPL 992 733 752 Co-brand Co-brand Own-brand Own-brand 1,753 1,566 456 426 2018 2019 2018 2019 Closing receivables (£m) New accounts (k) EBITDA increase leading to improvement in bond metrics Significant RAI growth driving RAM increase 13.0% EBITDA EBITDA 12.4% ↑75% Leverage Interest cover ↑24% RAI Impact of 144 funding 358 RAM crossover 4.5x 289 3.5x 82 2.6x 1.9x 2018 2019 2018 2019 2018 2019 2018 2019 EBITDA Leverage and EBITDA interest cover ratios are calculated in accordance with prevailing IFRS as opposed to 25/01/17 as per the terms of the Senior Risk adjusted income (£m) Adjusted EBITDA (£m) Secured Debt and Revolving Credit Facility 3 Confidential
Business highlights £5.8 bn 125 m (2018: £5.0bn) (2018: 107m) total spend (of which £2.0bn through transactions digital channels (2018: £1.7bn)) processed 98 % 2.3 m (2018: 1.4m) digital transactions for app downloads to date servicing +66 (2018: 64) Net Promoter Score 4 Confidential
Trusted brands Our brands Our retail partners 5 Confidential
How we deliver our vision Opportunity Driving high standards for our customers, colleagues and community through our Manifesto Enablers Leveraging a leading digital platform Evolving with our customers to address changing needs The way our customers apply, Acquiring new customers and spend and pay is changing, and creating long-term relationships technology is opening up previously inaccessible Outcomes e-commerce opportunities as well as facilitating new data insights. Delivering strong controlled growth and high predictability 6 Confidential
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