PRA Group (PRAA) Investor presentation summary

Business overview and market position

• Operates as a global leader in acquiring and collecting nonperforming loans (NPLs) across 18 countries, with 30 years of experience and a highly experienced management team.

• Maintains a diversified portfolio, with 42% of estimated remaining collections (ERC) in the U.S. and 51% in Europe.

• Specializes in purchasing charged-off consumer, retail, and auto loans from major credit issuers, leveraging deep seller relationships and proprietary data.

• Navigates complex regulatory environments, particularly in the U.S. and Europe, adapting strategies to local market dynamics and regulatory requirements.

Financial performance and portfolio metrics

• Achieved $1.2 billion in portfolio purchases in 2025, the third highest annual amount in company history.

• ERC reached $8.6 billion, up 15% year-over-year, with cash collections of $2.1 billion, a 13% increase.

• Adjusted net income attributable to PRA was $73 million in 2025, a 3% year-over-year increase.

• Adjusted EBITDA grew 16% year-over-year to $1.3 billion, supporting a decline in net leverage to 2.73x.

• Adjusted cash efficiency ratio improved to 61.3% in 2025.

Operational strategy and technology

• Employs advanced data analytics and machine learning for underwriting and optimizing collection strategies.

• Uses a global investment framework to allocate capital efficiently across geographies and asset types.

• Modernized European operations with a unified cloud-based contact platform and enhanced digital capabilities.

• Increased use of legal and digital channels, with U.S. legal cash collections up 28% year-over-year.