Investor Presentaiton

Ferratum Group Income Statement Comments ■ Revenue increased by 18% to EUR 262 million in FY 2018 from FY 2017 Operating profit was recorded at EUR 37.8 million Impairments on loans for FY 2018 amounted to EUR 88 million, increasing from EUR 76 million in 2017 both due to an increased receivables base as well as adoption of IFRS 9, resulting in changes to the provisioning models Despite the stringent changes in the credit loss provisioning models, operating margin stayed flat in 2018, standing at 14.4% of revenues Following an initial slowdown of growth in H1 2018, the Group initiated a series of management actions to improve performance, including the strengthening of top management, staff streamlining, rebalancing of resources to prioritise enhanced risk management and the automation of lending processes in existing markets ■ As Ferratum Group has expanded, the major cost items have increased in line with revenue Impairments, personnel, and selling & marketing amount to 34%, 17% and 16% of revenues, respectively and together constitute 77% of operating costs Operating profit and margin (EUR thousands) 15.0% 12.6% 14.8% 13.7% 14.4% 14.4% Income Statement EUR '000 Revenue Other Income Impairments on loans. Operating expenses Personnel expenses 2018 262,148 2017 221,638 2016 154,128 2015 2014 111,008 70,508 241 534 64 47 157 -88,496 -75,629 -47,964 -34,687 -20,372 -43,799 -35,375 -24,761 -17,010 -11,768 Selling and marketing expenses -41,388 -37,184 -29,918 -16,200 -9,608 Lending costs -12,971 -10,145 -8,001 -7,116 -4,569 Other administrative expenses -2,350 -2,205 -2,204 -5,097 -3,033 Depreciations and amortisation Other operating expenses -5,223 -2,811 -1,547 -1,309 -628 -30,363 -26,986 -18,655 -13,158 -10,076 Operating profit 37,799 31,837 21,142 16,478 10,611 Financial Income 124 97 161 95 99 Foreign exchange effects -2,787 384 -875 -97 27 Finance costs -12,803 -9,075 -5,700 -4,057 -4,207 Net finance costs -15,466 -8,594 -6,414 -4,059 -4,081 Profit before Income Tax 22,333 23,244 14,728 12,419 6,531 Income tax expense -3,060 -3,185 -1,768 -1,491 -911 Profit for the period 19,274 20,059 12,960 10,928 5,619 Source: Company filings. Operating Profit Return on equity 18% 21% 16% 22% 30% 37,799 31,838 Operating margin Interest coverage ratio 2.8x 4.0x 3.5x 4.4x 2.7x 21,142 16,478 7,329 10,611 2013 2014 2015 2016 2017 2018 ferratum 38 88

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