Oslo, 17 January 2023: B2Holding ASA, rated B+ (Stable) by S&P and Ba3 (Stable) by Moody’s, has mandated DNB Markets and Nordea as Global Coordinators and Joint Bookrunners and Sparebank1 Markets as Co-Manager to arrange a series of fixed income investor meetings commencing Tuesday, 17 January 2023. A tap issue of the outstanding senior unsecured bonds due 22 September 2026 (ISIN: NO0012704107) of minimum EUR 75 million may follow, subject to inter alia market conditions. In connection with the potential tap issue, B2Holding may offer a conditional buy-back in its outstanding bond with ticker B2H04 (ISIN: NO0010822646) which will be contingent upon subscription in the tap issue. Trading Update In connection with the upcoming investor meetings, and possible tap issue, the Company is hereby releasing a trading update based on preliminary financial information for the fourth quarter of 2022 (comparable figures for Q4 2021 in brackets). Cash collections of NOK 1,492 million (NOK 1,136 million) - up 31% y-o-y Portfolio investments of NOK 1,194 million (NOK 552 million) - up 116% y-o-y Total gross ERC at end of quarter of NOK 21,677 million (NOK 19,918 million) - up 9% y-o-y Leverage Ratio at end of quarter at 2.4x (2.4x) - unchanged y-o-y B2Holding experienced a quarter with strong cash collections of NOK 1.5 billion and Cash EBITDA expected to be around NOK 1.1 billion. The company has invested in portfolios of NOK 1.2 billion during the quarter of which NOK 425 million has been invested in participation notes in two of the existing “JVs” in South Eastern Europe. The investments in the fourth quarter are divided between South Eastern Europe (43%), Western Europe (22%), Poland (21%) and Northern Europe (13%). Over the last 12 months, B2Holding has acquired portfolios for NOK 2.6 billion (up 115% y-o-y). The leverage ratio is stable at 2.4x despite the significant increase in portfolio investments in the fourth quarter. B2Holding has per the end of the fourth quarter approx. NOK 3.2 billion in liquidity reserve. The additional proceeds from a new bond issue and cash flow generated from operations going forward, will increase the liquidity reserve accordingly. For further information, please contact: André Adolfsen, CFO Mobile: +47 930 19 150 E-mail: aad@b2holding.no or Rasmus Hansson, Head of Commercial Strategy and Investor Relations Mobile: +47 952 55 842 E-mail: rh@b2holding.no This information is published in accordance with the requirements in Oslo Børs' issuer rules and the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. About B2Holding Group B2Holding ASA is a Nordic-based debt solutions provider with platforms in over 20 European countries. B2Holding has experienced significant growth since its inception in 2011 and has established itself as one of the leading European debt purchasers and a solution-oriented partner within the debt servicing industry. The head office is in Oslo, Norway, and the B2Holding share is listed on the Oslo Stock Exchange under the ticker “B2H”.
