REG-TCS Group Holding PLC TCS Group Holding PLC releases highlights for Q1 2022 performance

TCS HoldingAnnouncement

18/05/2022 18:30

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC releases highlights for Q1 2022 performance

   18-May-2022 / 20:20 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

    

   TCS Group Holding PLC releases highlights for Q1 2022 performance

    

    

   LIMASSOL, CYPRUS — 18 May 2022. TCS Group Holding PLC (LI: TCS, MOEX:
   TCSG) (“TCS”, “We”, the "Group", the “Company”), a leading provider of
   financial and lifestyle services via its digital ecosystem, today
   announces key performance metrics and trading update for the three months
   ended 31 March 2022.

    

   KEY PERFORMANCE METRICS

    

                              1Q'22 1Q'21 4Q'21       Y-o-Y     Q-o-Q
                                                  Change, % Change, %
   Key metrics, mn                                                   
   Total customers             22.7  14.8  20.8         54%        9%
   Active customers            15.8  10.3  14.5         54%        9%
   Monthly active users (MAU)  17.7  10.7  15.4         65%       15%
   Daily active users (DAU)     6.9   3.6   5.8         89%       18%
                                                                     

    

   The Group’s business model is flexible, scalable, resilient and
   diversified.

    

   The Group continues to monitor the operational performance of its business
   on a minute-by-minute basis and has its team and all key systems in place
   to ensure that the Group stays a  reliable financial partner for its
   customers.

   The Group has a significant ruble and FX liquidity cushion and ample
   capital buffers, which will enable it to adapt further to the changing
   environment in 2022.

    

   The Group’s total customers reached 22.7 mn in 1Q’22 (1Q’21: 14.8 mn),
   while active customer base increased to 15.8 mn (1Q’21: 10.3 mn).

    

   As of 1 April, 2022, the number of monthly active users (MAU) amounted to
   17.7 mn, while the number of daily active users (DAU) reached 6.9 mn.

    

   In 1Q’22, the Group’s total gross revenue grew materially year-on-year and
   also increased quarter-on-quarter following growth of the customer base.

    

   In 1Q’22, net margin (net interest income) grew year-on-year and
   quarter-on-quarter following growth of the portfolio despite rising
   funding costs.

    

   The Group’s net loan portfolio and customer accounts grew substantially
   year-on-year and were broadly stable quarter-on-quarter in 1Q’22.

    

   In 1Q’22, non-credit revenue represented more than half of the Group’s
   revenue.

    

   Net profit in 1Q’22 decreased year-on-year and quarter-on-quarter,
   nonetheless remaining positive, due primarily to an increase in funding
   costs and other factors.

    

   The Group’s total equity increased quarter-on-quarter at the end of 1Q’22.

    

   In 1Q’22, the Group maintained a solid and liquid balance sheet,
   well-provisioned loan portfolio and strong capital buffers.

    

   On 11 March 2021, the Group announced the suspension of dividend payments
   for the remainder of 2021. Today, the Group confirms that regular
   quarterly dividends shall remain suspended through December 2022.

    

    

   For enquiries:
   Tinkoff PR Department
    1 pr@tinkoff.ru      Tinkoff IR Department

                          2 ir@tinkoff.ru

    

   About TCS Group

    

   TCS Group is an innovative provider of digital financial and lifestyle
   services to more than 22 million customers via its award-winning apps and
   web interface. Branchless since its inception in 2006, the Tinkoff
   ecosystem currently offers a full range of services, including digital
   banking, brokerage, acquiring and other merchant solutions, insurance,
   corporate banking for businesses of all sizes and much more. 

    
   Global Finance named Tinkoff Bank the world's Best Consumer Digital Bank
   in 2020 and 2018. It was also named the Best European Retail Bank of the
   Year by Retail Banker International in 2020. The bank's mobile app has
   been consistently praised by local and global independent experts as the
   best of its kind (in 2013, 2014, 2015, 2016 by Deloitte and in 2018 by
   Global Finance). 

    

    

   UK MAR

    

   This announcement is released by TCS Group Holding plc and contains inside
   information for the purposes of Article 7 of the Market Abuse Regulation
   (EU) 596/2014 as it forms part of domestic law by virtue of the European
   Union (Withdrawal Act) 2018 ("UK MAR"),  and is disclosed in accordance
   with the Company's obligations under Article 17 of UK MAR.

    

   Forward-looking statements

   Some of the information in this announcement may contain projections or
   other forward-looking statements regarding future events or the future
   financial performance of the Group and Tinkoff Bank. You can identify
   forward looking statements by terms such as "expect", "believe",
   "anticipate", "estimate", "intend", "will", "could," "may" or "might", the
   negative of such terms or other similar expressions. The Group and Tinkoff
   Bank wish to caution you that these statements are only predictions and
   that actual events or results may differ materially. The Group and Tinkoff
   Bank do not intend to update these statements to reflect events and
   circumstances occurring after the date hereof or to reflect the occurrence
   of unanticipated events. Many factors could cause the actual results to
   differ materially from those contained in projections or forward-looking
   statements of the Group and Tinkoff Bank, including, among others, general
   economic conditions, the competitive environment, risks associated with
   operating in Russia, rapid technological and market change in the
   industries the Group operates in, as well as many other risks specifically
   related to the Group, Tinkoff Bank and their respective operations.

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   ISIN:          US87238U2033
   Category Code: QRF
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  162654
   EQS News ID:   1356109


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:pr@tinkoff.ru
   2. mailto:ir@tinkoffgroup.com


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