Axactor Annual Report 2016

Key Figures Axactor AB (group) For remaining operations after sale of mining activities SEK million Q4 2016 Q3 2016 Q2 2016 Q1 2016 31.12.2016 31.12.2015 Gross Revenue 180.3 105.3 72.3 29.4 387.2 4.4 Net Revenue 160.4 101.7 64.4 27.9 354.5 4.4 EBITDA -11.8 -7.2 -31.5 -10.5 -61.0 -30.6 Cash EBITDA 1) 2.8 1.5 -19.3 -6.8 -21.8 - Normalized EBITDA 2) -5.3 -1.9 -14.4 -10.3 -26.6 - Depreciation and Amort. (excl. Portfolio Amortization) -11.7 -9.0 -6.7 -2.5 -29.8 -0.8 Net Financial Items -30.7 1.9 8.8 -2.7 -22.7 -29.9 Tax 8.5 -5.8 3.5 0.8 7.0 - Net Result -45.7 -20.0 -25.8 -14.9 -106.4 -61.3 Cash and Cash Equivalents at end of Period 617.6 328.5 332.5 185.8 617.6 372.4 Acquired NPL portfolios during the Period 323.1 335.1 3) 348.4 3) 255.4 1,262.0 - Book Value of NPL portfolios at end of Period 1,224.4 950.7 4) 594.3 4) 250.7 1,224.4 - Gross Collection on Debt Portfolios during the quarter 85,1 37.7 5) 12.9 5) 8.9 144.6 - Estimated Remaining Collection (ERC) at end of quarter 3,012.0 2,486.0 1,290.0 579.0 3,012.0 - Interest Bearing Debt at end of Period 707.9 814.7 7) 348.4 6) - 707.9 - Number of Employees (FTE) at end of Period 850 900 702 187 850 105 1) Cash EBITDA is adjusted for calculated cost of share option program and portfolio amortizations 2) Defined as EBITDA adjusted for non-recurring items 3) Includes portfolios on the balance sheet of CS Union and Altor at the time of acquisition. 4) Includes portfolios in CS Union and Altor per balance sheet date 5) Excluding collections on CS Union portfolios in Q2 and Altor portfolios in Q3. 6) Includes SEK 210 million in bank debt in CS Union 7) Includes SEK 127.3 million in bank debt in Altor. This amount is planned to be refinanced with the DNB/Nordea facility during Q4. Axactor AB | Annual report 2016 16