Financial Tear Sheet. Corporate Profile. Primary IR Contact. Page 1/5

Similar documents
LexinFintech Holdings Ltd. Reports First Quarter 2018 Unaudited Financial Results

Company Presentation. December 2015

Q Investor Presentation

Management Presentation. May

Q Earnings Conference Call. August 1, 2017

Q Earnings Conference Call. May 22, 2017

Company Presentation. March 2015

Company Overview and Financials. Technology Driven Consumer Finance

Investor Presentation. February 2015

Company Presentation. February 2016

Company Presentation. May 2016

Investor Presentation. November 2015

Company Overview and Financials. Technology Driven Consumer Finance

E*TRADE FINANCIAL REPORTS $0.11 EARNINGS PER SHARE FROM ONGOING OPERATIONS FOR SECOND QUARTER 2002, UP FROM $0.02 SAME QUARTER LAST YEAR

Qutoutiao Inc. Reports Third Quarter 2018 Unaudited Financial Results

ehi Car Services Limited

PPDAI Group Inc. Reports Second Quarter 2018 Unaudited Financial Results

Yirendai Reports Fourth Quarter and Full Year 2016 Financial Results

Uxin Reports Unaudited Third Quarter of 2018 Financial Results

SECTION A CASE QUESTIONS (Total 50 marks)

ehi Car Services Limited 2016 fourth quarter and full year results

Uxin Reports Unaudited Second Quarter of 2018 Financial Results

Customized Target Date Solutions

ehi Car Services Announces Second Quarter 2017 Results

Risk Management. Credit Risk Management

Dear Shareholders, OnDeck in 2016

PPDAI Group Inc. Reports Third Quarter 2018 Unaudited Financial Results

4Q 2017 Investor Presentation

1Q 2018 Investor Presentation. May 2018

Investor Presentation. May 2017

INDUSTRY CONTENT SERIES

Q2 Fiscal 2019 Letter to Shareholders

Industrial and Commercial Bank of China Ltd.

2010 Annual Results. March 23, 2011

ishares Securities Lending Unlocking the Potential of Portfolios

February 2018 Company Overview

INTERACTIVE BROKERS GROUP ANNOUNCES 3Q2014 RESULTS

Autohome Inc. Announces Unaudited Second Quarter Ended June 30, 2017 Financial Results

Goldman Sachs Small Cap Growth Conference. March 11, 2005

China Lodging Group, Limited Reports First Quarter of 2012 Financial Results

ACI Worldwide (ACIW) BAML 2014 Leveraged Finance Conference

Best practices for multiple sub-adviser mutual funds

Vantiv Investor Presentation

Adjusted Net Income increased 44.3% year-over-year to RMB197.5 million ($31.9 million) for the first quarter of 2015.

E*TRADE GROUP, INC. REPORTS 364 PERCENT GROWTH IN EARNINGS PER SHARE FROM ONGOING OPERATIONS AND 13 PERCENT GROWTH IN REVENUE YEAR OVER YEAR

Home Inns Reports First Quarter Un-audited Financial Results

ebay INC. ANNOUNCES THIRD QUARTER 2007 FINANCIAL RESULTS

4Q18 Financial Results. February 26, 2019

CREATIVE ANNOUNCES Q1 FY07 FINANCIAL RESULTS

SLM CORPORATION INVESTOR PRESENTATION STEVE MCGARRY EVP AND CFO

XRF 3Q 2018 RESULTS. November 20, 2018

Goldman Sachs Presentation to Bank of America Merrill Lynch Future of Financials Conference

Russell Investments China Equity Fund

THE CHANGING WEALTH MANAGEMENT MARKET LANDSCAPE IN CHINA

International Personal Finance plc

(NASDAQ: BMC) Bmc Software. Bullish. Investment Highlights

Agria Reports Third Quarter 2007 Results

ACI Worldwide (ACIW) Investor Conferences

AMERICAN EXPRESS 2002 NET INCOME RISES TO $2.67 BILLION DRIVEN BY RECORD RESULTS AT TRAVEL RELATED SERVICES

CREATIVE ANNOUNCES Q2 FY07 FINANCIAL RESULTS

SALLIE MAE. Investor Presentation

ehi Car Services Announces First Quarter 2016 Results Net revenues increased by 55.8% year-over-year Gross profit margin increased to 28.

Bilibili Inc. Announces Second Quarter 2018 Financial Results

FIGHTING FRAUD & CHARGEBACKS 5 STRATEGIES FOR WINNING

See how these companies overcame their auto lending challenges and were able to:

5 th ANNUAL SKBI CONFERENCE 2015ON "DIGITAL BANKING, FINANCIAL INCLUSION AND IMPACT INVESTING" P2P in China

The value of a stand-alone rating engine

Safe Harbor Statement

Quad/Graphics Reports Second Quarter and Year-to-Date 2017 Results

Merrill Lynch Banking & Financial Services Investors Conference November 15 th, Forward Looking Statements

ARCS is an Enterprise Loan Management System designed for banks that manage large loan portfolios. Based on client feedback, the Key Benefits are:

Pinduoduo Announces Third Quarter 2018 Unaudited Financial Results

Jefferies 2014 Global Technology, Media and Telecom Conference

Second Quarter Fiscal 2018 Investor Presentation

Managed Trading Services

FAQ on FirstBank acquisition of the West Africa operations of International Commercial Bank

ehi Car Services Announces First Quarter 2015 Results

WhiteHorse Finance, Inc.

Ubiquiti Networks Second Quarter 2014 Financial Results

Pinduoduo Announces Fourth Quarter and Fiscal Year 2018 Results

INTERACTIVE BROKERS GROUP ANNOUNCES 2011 RESULTS

Xilinx Reports Record Revenues And EPS In Fiscal Third Quarter

The9 Reports Fourth Quarter and Fiscal Year 2005 Unaudited Financial Results

Earnings Highlights. Q1 Operating. Metrics. Q1 Financial. Metrics. Strong start to the year with revenue and collections both exceeding expectations

Vipshop Reports Unaudited First Quarter 2016 Financial Results

May 2017 Company Overview

For personal use only. Australia s first neo-lender

Pinduoduo Announces Second Quarter 2018 Unaudited Financial Results

Investor Presentation. March 2016

ALTEGRIS ACADEMY FUNDAMENTALS AN INTRODUCTION TO ALTERNATIVES [1]

ebay INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2005 FINANCIAL RESULTS

Phoenix New Media Reports Unaudited First Quarter 2018 Financial Results. Live Conference Call to be Held at 9:00 PM U.S. Eastern Time on May 14, 2018

Groupon Investor Overview March 10, 2015

MasterCard Incorporated Reports Third-Quarter 2010 Financial Results

Phoenix New Media Reports Second Quarter 2013 Unaudited Financial Results

Property & Casualty: Accelerating Profitable Growth

24 August 2018 FY18. Results. Presentation

Management Discussion and Analysis Risk Management

INC Research/inVentiv Health Reports Third Quarter 2017 Results

Transcription:

Financial Tear Sheet Corporate Profile We are a leading online consumer finance platform in China in terms of the outstanding principal balance of loans originated on our platform as of June 30, 2017, according to Oliver Wyman. We strategically focus on serving the credit needs of educated young adults in China. We grow with our customers by offering convenient and innovative loan products to meet their credit needs at different stages of life. We had approximately 3.0 million active customers in 2016 and 3.3 million active customers in the nine months ended September 30, 2017, representing a 103% increase and a 34% increase from 2015 and the nine months ended September 30, 2016, respectively. As of September 30, 2017, we had over 6.5 million customers with an approved credit line and over 20 million registered users. Primary IR Contact Investor Relations Phone: +86-755-3368-8788 E-mail: ir@lexinfintech.com Our target customer cohort, educated young adults aged between 18 and 36 in China, features young people with high income potential, high educational background, high consumption needs, a strong desire to build their credit profile, and an appreciation for efficient customer experience. As of September 30, 2017, this target customer group represented over 90% of our customer base. A significant portion of educated young adults, however, have been underserved by traditional financial institutions, which lack the relevant credit information to make credit assessment and offer compelling financial products to address their credit needs. Our online consumer finance platform, Fenqile, addresses our customers' credit needs by offering personal installment loans, installment purchase loans and other loan products. We offer a wide variety of competitively-priced products on our e-commerce channel and allow customers to use their credit lines to finance purchases. We match customer loans with diversified funding sources, including individual investors on our Juzi Licai online investment platform, institutional funding partners in our direct lending programs and investors of our asset-backed securities. We have scalable and stable funding to meet our customers' needs and grow our platform. With the access to multiple funding sources and the ability to adjust allocation of funding needs to different sources, we are not dependent on any particular type of funding source, and we are able to adapt to seasonality of demand and fluctuations in the supply and costs of funding. We connect qualified customer loan assets directly with the capital of our institutional funding partners in an automated process that minimizes manual review and approval by the institutional funding partners. This efficient and speedy arrangement demonstrates our funding partners' trust and confidence in the quality of loans originated by us and our risk management and technology capabilities. We adopt a targeted and cost-effective customer acquisition strategy by leveraging our e-commerce channel, word-of-mouth referrals, as well as cooperation with reputable commercial banks. Our educated young adult customers are often geographically concentrated and socially connected, which enables us to achieve effective customer acquisition through customer referrals. In 2016 and the nine months ended September 30, 2017, approximately 36% and 45%, respectively, of our new customers registered on our platform using a referral code obtained from an existing customer. We offer an incentive of RMB10 (US$1.5) to RMB20 (US$3.0) in cash to an existing customer for each new customer who successfully signs up on Fenqile using the existing customer's referral code and has been granted a credit line. We cooperate with commercial banks, for example, by promoting co-branded credit cards issued by the bank to reach potential customers. The success of our effective customer acquisition strategy has been demonstrated by our low customer acquisition cost, which is defined as the amount of total costs we incur in connection with acquiring customers divided by the number of new active customers during a given time period. Our customer acquisition cost amounted to RMB114 per new active customer in 2015 and RMB127 (US$19.1) in 2016 and RMB105 (US$15.8) in the nine months ended September 30, 2017. Page 1/5

We believe that we are well positioned to assess credit risks, predict spending and borrowing behavior, and serve the credit needs of educated young adults. Leveraging our data insights and technology capabilities, our Hawkeye credit assessment engine can predict the income potential and behavior of each customer through sophisticated algorithms and a dynamic model. We have developed more than 1,000 decisioning rules utilizing 5,000 potential data variables, and accumulated a massive amount of proprietary data from over 6.5 million customers and 22 million credit applications since inception. The customer behavior and risk profile data enable us to develop machine learning to improve our risk management capabilities. As a result of automation and our data capabilities, we are able to perform a more comprehensive credit analysis on our customers than traditional financial institutions. We offer a superior customer experience through the highly efficient operation of our platform. Our technology infrastructure enables highly automated loan originations, cost-effective servicing and built-in scalability. Our simple and fast online credit application streamlines the often time-consuming and frustrating loan application process. In general, potential customers can complete the application for our credit line within a few minutes by providing basic personal information and authorizing us to collect information from various data sources. Approximately 95% of all loan applications are handled and approved automatically within seconds on average. Our data insights and technology capabilities enable us to assess credit risks and facilitate effective fraud detection and prevention, while requiring limited efforts by our customers. We have expanded the scale of our platform rapidly since our inception. From our inception in August 2013 through September 30, 2017, we cumulatively originated RMB60.1 billion (US$9.0 billion) in loans. In 2016 and the nine months ended September 30, 2017, we originated RMB22.2 billion (US$3.3 billion) and RMB31.3 billion (US$4.7 billion) in loans, respectively, representing a 263% increase and a 124% increase from 2015 and the nine months ended September 30, 2016, respectively. As of December 31, 2015 and 2016 and as of September 30, 2017, our outstanding principal balance of loans was approximately RMB3.4 billion, RMB9.9 billion (US$1.5 billion) and RMB15.9 billion (US$2.4 billion), respectively. The weighted average tenor of loans originated on our platform in 2016 and the nine months ended September 30, 2017 was approximately 10.0 months and 9.4 months, respectively. Our total operating revenue increased significantly from RMB2,525 million in 2015 to RMB4,339 million (US$652 million) in 2016, and increased from RMB2,949 million in the nine months ended September 30, 2016 to RMB3,988 million (US$599 million) in the nine months ended September 30, 2017. Our net loss decreased from RMB310 million in 2015 to RMB118 million (US$17.7 million) in 2016. We had a net income of RMB140 million (US$21.0 million) in the nine months ended September 30, 2017, compared to a net loss of RMB105 million in the nine months ended September 30, 2016. Stock Performance Page 2/5

LX (ADS) Exchange NASDAQ (US Dollar) Price $9.29 Change (%) 0.29 (3.03%) Volume 407,302 52 Week High $20.00 52 Week Low $9.11 Market Cap $3,139,539,781 Rolling EPS 0.53 PE Ratio 17.9176 Shares Outstanding 327,718,140 Data as of 10/12/18 4:00 p.m. ET Page 3/5

Page 4/5

Recent Headlines 08/27/18 LexinFintech Holdings Ltd. Announces Changes to Board Committees Upcoming Events There are currently no events scheduled. 08/23/18 LexinFintech Holdings Ltd. Reports Second Quarter 2018 Unaudited Financial Results 08/10/18 LexinFintech Holdings Ltd. to Report Second Quarter 2018 Financial Results on August 23, 2018 SEC Filings Corporate Governance Filing Date Form 08/27/18 6-K 07/03/18 6-K 05/31/18 S-8 05/23/18 6-K Jay Wenjie Xiao Jared Yi Wu Craig Yan Zeng Kris Qian Qiao Ryan Huanian Liu Founder, Chairman and Chief Executive Officer President Chief Financial Officer Chief Financing Cooperation Officer Chief Risk Officer Data provided by Nasdaq. Minimum 15 minutes delayed. Page 5/5