Home Credit a.s. Condensed Interim Financial Statements for the three month period ended 31 March (unaudited)

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1 Condensed Interim Financial Statements for the three month period 31 March 2015 (unaudited)

2 Condensed Interim Financial Statements for the three month period 31 March 2015 Contents Condensed Interim Statement of Financial Position 3 Condensed Interim Statement of Comprehensive Income 4 Condensed Interim Statement of Changes in Equity 5 Condensed Interim Statement of Cash Flows

4 Condensed Interim Statement of Comprehensive Income for the three month period 31 March 2015 Note Interest income 12 78,828 81,662 Interest expense 12 (4,189) (1,270) Net interest income 74,639 80,392 Fee and commission income 13 61,972 67,951 Fee and commission expense 14 (84,310) (69,606) Net fee and commission expense (22,338) (1,655) Gains on disposal of loans receivables , ,930 Other operating income 15 45,610 48,055 Operating income 421, ,722 Impairment losses 16 (18,881) (16,641) General administrative expenses 17 (243,168) (238,053) Operating expenses (262,049) (254,694) Profit before tax 159, ,028 Income tax expense 18 (32,784) (27,145) Net profit for the period 126, ,883 Total comprehensive income for the period 126, ,

5 Condensed Interim Statement of Changes in Equity for the three month period 31 March 2015 Share capital Other capital Statutory reserve fund Retained earnings Total Balance as at 1 January , , ,188 1,380,256 Dividends to shareholders (400,000) (400,000) Net profit for the period , ,547 Balance as at 31 March , , ,735 1,106,803 Share capital Other capital Statutory reserve fund Retained earnings Total Balance as at 1 January , ,068 77,000 1,366,425 2,087,493 Dividends to shareholders (500,000) (500,000) Net profit for the period , ,883 Balance as at 31 March , ,068 77, ,308 1,694,

6 Condensed Interim Statement of Cash Flows for the three month period 31 March 2015 Note Operating activities Profit before tax 159, ,028 Adjustments for: Impairment losses 16 18,881 16,641 Interest expense 12 4,189 1,270 Depreciation and amortization 17 9,097 7,057 Net gain on disposal of property, equipment and intangible assets (1,772) (1,113) Net operating cash flow before changes in working capital 189, ,883 Change in loans to customers 106, ,932 Change in other assets 140, ,865 Change in other liabilities (100,640) (55,981) Cash flows from the operations 335, ,699 Interest paid (4,229) (1,299) Income tax paid (39,769) (40,000) Cash flows from operating activities 291, ,400 Investing activities Proceeds from sale of property, equipment and intangible assets 2,273 1,130 Acquisition of property, equipment and intangible assets (4,504) (24,025) Cash flows used in investing activities (2,231) (22,895) Financing activities Dividends paid to shareholders (400,000) (500,000) Proceeds from banks and other financial institutions 2,285,000 1,350,000 Repayment of amounts due to banks and other financial institutions (2,115,000) (1,100,000) Cash flows used in financing activities (230,000) (250,000) Net increase in cash and cash equivalents 59, ,505 Cash and cash equivalents at 1 January 150, ,596 Cash and cash equivalents at 31 March 4 210, ,

7 for the three month period 31 March Description of the Company Home Credit a.s. (the Company ) was established through demerger of its legal predecessor, Home Credit Finance a.s. The demerger was recorded in the Commercial Register in October 2005 and for financial reporting purposes is effective from 3 January Registered office Home Credit a.s. Nové sady 996/ Brno Czech Republic Shareholders Country of incorporation Ownership interest (%) 31 Dec 2014 Home Credit B.V. Netherlands The ultimate controlling entity is PPF Group N.V. registered in the Netherlands. Board of Directors Supervisory Board David Bystrzycki Chairman Pavel Rozehnal Chairman Luděk Jírů Member Miroslav Zborovský Member Zdeněk Šperka Member Pavel Vyhnálek Member Principal activities The principal activity of the Company is the provision of consumer financing to private individual customers in the Czech Republic. The onward sales of originated loan receivables represent the major source of revenues of the Company. 2. Basis of preparation (a) (b) Statement of compliance The interim financial statements follow, in the context of measurement, all requirements of International Financial Reporting Standards (IFRS), including International Accounting Standards (IAS), promulgated by the International Accounting Standards Board (IASB) and interpretations issued by the International Financial Reporting Interpretations Committee of the IASB as adopted for use in the European Union. The disclosures in these interim financial statements have been presented in accordance with IAS 34 Interim Financial Reporting, and therefore should be interpreted in conjunction with the Company s financial statements for the year 31 December 2014, as these interim financial statements provide an update of previously reported financial information. Comparative figures The comparative figures have been regrouped or reclassified, where necessary, on a basis consistent with the current year. 3. Significant accounting policies The significant accounting policies applied in the preparation of the interim financial statements are consistent with those used in the preparation of the Company s financial statements for the year 31 December

8 for the three month period 31 March Cash and cash equivalents 31 Dec 2014 Cash in hand Current accounts 209, , Loans to customers 210, , Dec 2014 Gross amount Cash loan receivables 1,358,526 1,372,410 Car loan receivables 600, ,239 Revolving loan receivables 503, ,810 POS loan receivables 433, ,253 Loans to corporations 85, ,550 Leasing receivables 10,574 10,574 2,991,478 3,093,836 Collective allowances for impairment Cash loan receivables (639,533) (627,321) Revolving loan receivables (315,853) (311,271) Car loan receivables (282,819) (284,192) POS loan receivables (173,836) (166,093) Leasing receivables (10,574) (10,574) (1,422,615) (1,399,451) Specific allowances for impairment on loans to corporations (5,114) (5,072) 6. Intangible assets 1,563,749 1,689, Dec 2014 Acquisition cost 151, ,784 Accumulated amortization (120,010) (114,793) 7. Property and equipment 31,043 34, Dec 2014 Acquisition cost 108, ,545 Accumulated depreciation (65,897) (68,112) 42,287 43,

9 for the three month period 31 March Other assets 31 Dec 2014 Prepaid expenses 418, ,568 Outstanding selling price for receivables 235, ,307 Accounts receivable 146, ,747 Other 1,216 1, , ,838 Specific allowances for impairment on settlements with suppliers (146) (146) 9. Due to banks and other financial institutions 801, ,692 Unsecured bank loans Interest Final Amount outstanding rate maturity 31 Dec 2014 Term loan facility of 620,000 PRIBOR + margin April , ,177 Term loan facility of 400,000 PRIBOR + margin May , ,203 Term loan facility of 195,000 PRIBOR + margin April ,223 95, Other liabilities 795, , Dec 2014 Various liabilities due to customers 410, ,157 Accrued expenses 269, ,700 Accounts payable 105, ,612 Accrued employee compensation 54,665 66,590 Deferred income 6,216 9,740 Other taxes payable 4,889 4, , ,224 Out of accrued expenses stated above the amount of 232,256 (31 December 2014: 214,864) represents accrued client s bonuses dependent on timely repayment of respective POS and cash loans

10 for the three month period 31 March Equity At 31 March 2015 the authorized share capital comprised 300 ordinary shares (31 December 2014: 300) with a nominal value of CZK 1,000,000 each. All issued shares have been fully paid and bear equal voting rights. The holders of shares are entitled to receive dividends when declared. In February 2015 the sole shareholder approved the distribution of retained earnings in the form of a dividend in the amount of CZK 1,333,333 per each share, totaling to 400, Interest income and interest expense Interest income Cash loan receivables 36,126 39,793 POS loan receivables 18,981 16,963 Car loan receivables 12,680 9,070 Revolving loan receivables 10,429 15,417 Loans to corporations Due from banks and other financial institutions ,828 81,662 Interest expense Balances from banks and other financial institutions 4,189 1, Fee and commission income 4,189 1,270 Customer payment processing and account maintenance 27,139 27,278 Penalty fees 13,445 14,067 Cash transactions 13,124 16,675 Insurance commissions 8,227 9,931 Other 37-61,972 67,

11 for the three month period 31 March Fee and commission expense Commissions to retailers 73,876 56,952 Cash transactions 7,160 9,720 Payment processing and account maintenance 3,274 2, Operating income 84,310 69,606 Gains on disposal of loan receivables POS loan, cash loan and car loan receivables 170,357 97,813 Revolving loan receivables 153, , , ,930 Other operating income Fees for servicing receivables sold 30,135 33,135 Net foreign exchange income Other 15,311 14, Impairment losses 45,610 48,055 Cash loan receivables 11,960 8,816 POS loan receivables 7,290 5,090 Revolving loan receivables 4,337 6,400 Car loan receivables (4,748) (2,907) Other receivables 42 (758) 18,881 16,

12 for the three month period 31 March General administrative expenses Employee compensation 63,707 60,089 Payroll related taxes (including pension contributions) 19,476 16,040 Information technologies 37,481 35,816 Professional services 32,273 31,949 Advertising and marketing 28,726 40,357 Telecommunication and postage 27,806 30,836 Depreciation and amortization 9,097 7,057 Occupancy 6,666 11,271 Travel expenses 3,797 5,207 Other 14,139 (569) 18. Income tax expense 243, ,053 Current tax expense 27,945 20,030 Deferred tax expense 4,839 7,115 Total income tax expense in the statement of comprehensive income 32,784 27, Commitments The Company has outstanding commitments to extend credit. These commitments take the form of approved credit limits related to customer s revolving loan accounts, cash loan facilities, POS loan facilities and car loan facilities. 31 Dec 2014 Revolving loan commitments 2,933,723 2,725,013 Cash loan commitments 60,759 77,233 POS loan commitments 28,513 82,521 Car loan commitments 7,719 6,421 3,030,714 2,891,188 The total outstanding contractual commitments to extend credit indicated above do not necessarily represent future cash requirements, as many of these commitments will expire or terminate without being funded

13 for the three month period 31 March Operating leases Leases as lessee Non-cancellable operating lease rentals are payable as follows: 31 Dec 2014 Less than one year 20,275 19,736 Between one and five years 52,350 58,052 More than five years ,671 77,849 The Company leases a number of premises and equipment under operating leases. Lease payments are usually increased annually to reflect market rentals. None of the leases includes contingent rentals. During the three month period 31 March ,132 (the three month period 31 March 2014: 11,564) was recognized as an expense in the statement of comprehensive income in respect of operating leases

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