Accessible financing to small and medium businesses May 2016, Riga

Transcription

1 Accessible financing to small and medium businesses May 2016, Riga Presentation to Mintos platform investors

2 Leading non-bank business lender in the Baltics Market leader in small and medium sized business financing Founded in 2007 and now with operations in all of the Baltic State countries; Specialization in short/medium term loans loans and invoice financing for small and medium sized businesses; Since foundation financed over 1000 businesses in the Baltics with the total issued loan volume of EUR 14 million; Since 2014 represented in NASDAQ Riga stock exchange with a bond issue of EUR 1.75m; Recipient of technical assistance and training from European Investment Fund s microfinance support programs; Cooperation track record with local government institutions to provide financing to SMEs with government support. CAPITALIA OFFICES TALLINN RIGA VILNIUS 2

3 Experienced management team Management team with background in venture capital, commercial and investment banking Juris Grišins, Manager International experience working with the leading investment banks in East Europe, Iceland and Sweden. Since 2006 active in venture capital industry, managing one of the largest local venture capital funds in Latvia. Former chairman of Latvian Venture Capital association, as well as founder/board member of Latvian Business Angels network and SSE Riga Mentorship club. Education: Stockholm School of Economics in Riga (BSc), Warwick Business School (MBA) Pāvels Šnejersons, Investment committee member Finance professional with more than 10 years of executive-level experience in corporate lending, corporate finance, as well as general management. Held senior positions at ABLV Bank, including 8 years as Board Member. Managed loan portfolio of more than EUR 600m, played a key role in large loan approval process and maintained closed liaison with key corporate customers. Introduced Activity Based Costing in the organization, oversaw implementation of numerous IT projects and business process improvement projects. managed unit of 159 employees. Education: executive MBA from Stockholm School of Economics in Riga 3

4 Key financing statistics Figures presented as of March 31, m Total managed loan portfolio 40% Lithuania 52% Latvia 8% Estonia 257 Issued loans in ,1m Average loan term 3,7/4 4% Annual debt loss from the issued loans Client satisfaction score 4

5 Key financing terms Company aims to be accessible and flexible financing alternative to commercial banks Minimal qualification criteria Active operations for at least 3 months; Annual turnover of at least EUR 50,000; Business is not in financial difficulty (no imminent default threat); Management and key shareholders with clean credit histories. Financing amount From EUR 1,000 to EUR 100,000 with historic average of EUR 10,000. Financing term Scoring principles Offered financing products From 1 to 60 months with historic average of 10 months. Scoring is based on size and quality evaluation of historic cash flows; Financial, market, credit history and other evaluations are conducted; In total over 50 criteria determine the credit score and calculated credit limit; Final financing decisions approved by credit committee. Amortizing loans; Invoice purchasing; Credit lines (not offered through Mintos platform). 5

6 Selected client cases Erenpreiss Original is not only well-known old-school Erenpreiss bicycle restoration workshop, but also bicycle manufacture and retailer. Loan attracted to finance development of a new bicycle model Sweets manufacturer Taste Caps is a brand known for refined and natural Latvian fruit, berries and nut truffles, as well as gluten-free cookies, which are recognized for their natural ingredients, taste, and design. Financing attracted for high season Valter s Restaurant is the first restaurant in Old Riga offering which cuisine is based only on Latvian rural products coming from local farms. Loan attracted for building out summer terrace 6

7 Stable growth Controlled growth to ensure continued efficiency of operations Key financials of the company: Eur, thousands (F) Total assets 791 1,379 2,603 2,993 Turnover ,004 EBITDA Net profit Issued loans 1,208 1,524 3,104 6,770 7

8 Contacts and further information Juris Grišins Manager T: E: Latvia Brīvības iela Rīga, LV-1050 T: Lithuania A. Tumėno g. 4, 6 aukštas, Vilnius, T: Estonia Tartu maantee 84a Tallinn, EE10112 T: