International Personal Finance plc: Quarterly Financial Report 31 March 2021

International Personal Finance plc 
Consolidated Quarterly Financial Report for the period ended 31 March 2021
Management Board Report

Principal activity
International Personal Finance plc specialises in providing unsecured consumer credit to 1.7 million customers across 11 markets.  We operate the world's largest home credit business and a fintech operator, IPF Digital.

Financial and operational highlights

Robust

• trading

performance
in Q1 and
improved
financial
performance
o  Good
progress
made in
rebuilding
the
business
and serving
our
customers
safely
o  Improving
credit
issued with
YoY
contraction
moderating
to 18% in
Q1 2021
compared to
31% in Q4
2020
o  Continued
strong
collections
performance
delivered
5.2 ppt
improvement
in
impairment
as a
percentage
of revenue
to 32.2%
o  Significant
improvement
in
financial
performance
- group
profit
before tax
of £24.0
million

Strong

• funding

position
and well
-capitalised
balance
sheet
o  Well
capitalised
balance
sheet -
equity to
receivables
ratio 54.4%
o  Bond and
bank
facilities
total £591
million of
funding to
support
future
growth
o  Headroom on
undrawn
facilities
and non
-operational
cash
balances of
£175
million
 
Group key Q1 Q1 YOY
statistics 2020 2021 change
at CER
Customer 2,040 1,660 (18.6%)
numbers
(000s)
Credit 271.2 214.2 (18.4%)
issued
(£m)
Revenue 196.7 130.9 (30.9%)
(£m)
Annualised 28.2% 32.2% (4.0
impairment ppt)
% revenue
Cost 44.2% 49.4% (5.2
-income ppt)
ratio
Statutory 8.4 24.0
PBT (£m)
Statutory 2.3 5.7
EPS

Please refer to the associated PDF document to view the full announcement.
 

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