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GetBack - highlights

 

  • GetBack S.A. is a Polish company with a business focus on debt management. Established in 2012, it has also been present on the debt markets in Romania since 2014 (through GetBack Recovery SRL), Bulgaria since 2017 (through GetBack Recovery Bulgaria EOOD) and Spain.
  • GetBack S.A. manages debt portfolios placed with its own and third-party securitization funds operated by fund management companies, under a licence to manage securitized debt of September 24th 2012.
  • The Group’s business model relies on the following two pillars: management of investment portfolios comprising securitized debt of its own and third-party securitization funds and provision of fee-based credit management services.
  • In July 2017, GetBack shares were floated on the Warsaw Stock Exchange through an IPO.

GetBack logo

   

 

Proprietary Funds

Buying and handling accounts receivable portfolios for its own account using funds amassed by the GetBack Group, i.e. securitization funds whose investment certificates are wholly-owned by the GetBack Group buy accounts receivable.

Third Party Funds

Management of accounts receivable portfolios owned by securitization funds based on unit-linked funds (“UL Funds”).

Investors’ Third Party Funds

Sourcing industrial investors and building consortiums for securitization funds to acquire accounts receivable portfolios and then manage these portfolios on their own or jointly with other servicers.

Servicing portfolios of receivables

 

History of GetBack S.A.

GetBack is the fastest growing accounts receivable management company in Poland.

The management of assets in 5 proprietary funds and 16 third party funds in which the total nominal value of accounts receivable has quadrupled in 3 years from PLN 5.3 billion to PLN 19.4 billion at yearend 2016.

  • September 2012 – Polish FSA’s consent to manage the accounts receivable of securitization funds
  • February 2013 – Establishment of easyDebt NSFIZ (GetBack Closed-end Investment Fund administered by Open Finance TFI S.A.)
  • May 2013 – Establishment of the GetBack Law Firm
  • November 2013 – Establishment of the first fund - Perspective UL Fund (OFWD)
  • March 2014 – Operational launch in Romania
  • June 2014 – Acquisition of 100% of the shares in GetBack by the Idea Bank Group
  • October 2014 – Acquisition of a portfolio with a nominal value of PLN 1.6 billion by Open Finance Wierzytelności Detalicznych NSFIZ (third party closed-end investment fund)
  • End of 2014 – Agreement with PRA Group to buy a portfolio from Getin Noble Bank with a nominal value of PLN 2 billion (co-serviced by Kredyt Inkaso)
  • 2015 – Acquisition of accounts receivable portfolios with a total nominal value exceed PLN 8.3 billion
  • 2015 – Execution of agreements to manage the accounts receivable of third party funds with Noble Funds TFI and Altus TFI
  • June 2016 – Acquisition of 100% of the shares in GetBack by Abris Capital Partners and a consortium of private equity funds
  • November 2016 – Acquisition of a portfolio with a nominal value of PLN 1.0 billion by easyDebt NSFIZ (proprietary closed-end investment fund)
  • July 2017 the company debuted on the Warsaw Stock Exchange (IPO)

GetBack group - key highlights

#1

market position measured by purchases of accounts receivable portfolios in Poland*

19,4 billion

accounts receivable under management (2016)

200,3million

net profit (2016)

713 million

~60 million

(2016) (month) gross recoveries**

52%

ROE (2016)

100% (PLN 328 million)

bonds redeemed on a timely basis since 2012***

2,1x

net debt/equity (2016)

119%

cumulative average growth rate of cash EBITDA from 2014 to 2016

* Measured by the total nominal value of the accounts receivable purchased in Poland from 2014 to 2016

** Recoveries obtained from proprietary portfolios and third party portfolios managed by GetBack S.A.

*** As at 20 March 2017

Facts and numbers

Why we are growing:

 

Proceedings

We simultaneously conduct more proceedings than our competition.


We make specific decisions rapidly.

 

Technology

We rely on hard data.


Our models and benchmarks are modern and are tried and tested.


We have access to the most modern technologies on the market.

 

Culture

We focus on objectives.


We have a business and profit mindset.


We are dynamic and open.


We take a fresh approach to the market of accounts receivable management.


We are capable of finding market opportunities.

 

Staff

We have a “nose” for the market.


We pursue an exceptional integrity-based approach to the tasks we perform.


We are capable of cooperating, with the competition, too.


We are guided by our motto: “We win with debt together”.

 

 

 

 

 

 

 

 

 

 

 

 

 

GetBack - key performance indicators

Experienced and competent team
Rapid growth of the debt collection industry and favorable trends in the banking sector
Leading position in the debt collection industry
Conducive macroeconomic environment
High operational efficiency and effective accounts receivable management
Extensive access to funding sources
Strong financial position

GetBack's new campaign

Take a look and see how we help vanquish debts.

 

Numbers that mean something

We wait for you to contact us

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Average number of negotiations per day

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We propose effective
solutions

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Completely repaid cases

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Every day we help people get out of debt

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Average number of declarations per day

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data as at 30 September 2017