FinVolution Group (NYSE:FINV) Q4 2020 Earnings Conference Call March 11, 2021 7:00 AM ET Company Participants Jimmy Tan - Head, Investor Relations Feng Zhang - CEO Jiayuan Xu - CFO Conference Call Participants Daphne Poon - Citi Hanyang Wang - 86Research Alex Ye - UBS Jacky Zuo - China Renaissance Yiran Zhong - Crédit Suisse Terry Sun - CMBI Steven Chan - Haitong Liang Henry - Golden Dragon Operator Hello ladies and gentlemen. Thank you for participating in the Fourth Quarter and Full Year 2020 Earnings Co ...

Financial Data and Key Metrics Changes - The average internal rate of return (IRR) declined to 28% for the three-month period from August to October 2020 [7] - Loan origination volume in Mainland China reached RMB 17 billion, a 30% increase quarter-over-quarter [7] - Operating income increased by 21% quarter-over-quarter to RMB 689 million [7] - Non-GAAP operating profit was RMB 698 million, representing a sequential increase of 21% [16] - Net revenue for Q3 2020 increased by 13% to approximately RMB 1.8 billion from RMB 1.6 billion in the same period of 2019 [16] - Net profit was RMB 597 million for Q3 2020, compared to RMB 599 million in the same period of 2019 [19] Business Line Data and Key Metrics Changes - Loan facilitation service fees decreased by 46% to RMB 486 million due to a decline in loan origination volume and transaction fees [17] - Post-facilitation service fees also decreased by 46% to RMB 161 million, primarily due to a decline in outstanding loans serviced [17] - Guarantee income was RMB 747 million for Q3 2020 due to the adoption of ASC 326 [17] - Net interest income decreased by 24% to RMB 261 million, mainly due to reduced interest income from outstanding loan balances [18] Market Data and Key Metrics Changes - The vintage delinquency rate for loans originated in Q2 and Q3 is expected to be below 4%, with expectations to lower to around 3.5% by year-end [8] - Early-stage delinquency rates (15 to 89 days past due) fell to 1.9%, a historically low level for the company [8] - The average cost of funds on the platform declined to 8.2%, with new funds costing below 8% [9] Company Strategy and Development Direction - The company is focusing on a strategic shift towards higher quality borrowers, which has led to a steady reduction in funding costs [9] - The international business expansion, particularly in Indonesia, is gaining traction with loan origination rebounding significantly [11] - The company is leveraging technological capabilities to drive long-term growth and is making strides in empowering banks and financial institutions for digital transformation [13][14] - The transition from P2P to institutional funding has resulted in a stronger credit risk profile and lower lending rates for borrowers [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the loan business as China emerges from COVID-19, with expectations for Q4 loan volume between RMB 18 billion to RMB 20 billion [10] - The regulatory environment is evolving, but management believes that recent rules primarily target larger companies and do not materially affect their operations [19][30] - Management is optimistic about the long-term sustainability of profitability despite lower pricing due to improved credit quality [29] Other Important Information - The company has a strong balance sheet with RMB 3.4 billion in unrestricted cash and short-term liquidity [16] - Share buybacks continued, with $11 million deployed since the last earnings call, totaling $122 million since 2018 [21] Q&A Session Summary Question: Regarding the decline in credit cost and write-backs - Management confirmed that there were write-backs in Q3 due to better-than-expected credit risk experience, with a write-back of approximately RMB 690 million [26] Question: Economic outlook and long-term sustainable rates - Management indicated that the take rate is expected to decline slightly in Q4, with a range of 3.5% to 3.9% anticipated [28] Question: Regulatory environment and its impact - Management believes that the recent regulations recognize the value of fintech companies and should encourage healthy industry development [30] Question: Funding partners' attitudes and business model evolution - Funding partners remain supportive, with banks and consumer finance companies facilitating around 85% of loan volume [38] Question: Customer acquisition costs and strategies - There has been an increase in customer acquisition costs due to a shift towards higher quality borrowers, but the company expects newly acquired customers to deliver healthy net present value [70] Question: Managing delinquency ratios - Management attributed the decline in delinquency ratios to a combination of proactive measures, improved credit information, and a focus on better quality borrowers [76] Question: Future write-backs and credit loss assumptions - Management indicated that if credit loss levels continue to improve, there may be further write-backs in the future [50][51]

FinVolution Group (NYSE:FINV) Q2 2020 Earnings Conference Call August 25, 2020 8:00 AM ET Company Participants Jimmy Tan - Head of IR Feng Zhang - Chief Executive Officer Simon Ho - Chief Financial Officer Conference Call Participants Alex Ye - UBS Daphne Poon - Citi Jacky Zuo - China Renaissance Yiran Zhong - Credit Suisse Steven Chan - Haitong International Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2020 Earnings Conference Call for FinVolution Group. At this t ...

Table of Contents Securities registered or to be registered pursuant to Section 12(b) of the Act. FINV New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

FinVolution Group (NYSE:FINV) Q4 2019 Earnings Conference Call March 19, 2020 8:00 AM ET Company Participants Jimmy Tan – Head-Investor Relations Feng Zhang – Chief Executive Officer Simon Ho – Chief Financial Officer Conference Call Participants John Cai – Morgan Stanley Daphne Poon – Citi Alex Ye – UBS Yiran Zhong – Credit Suisse Jacky Zuo – China Renaissance Steven Kwok – KBW Lucy Lee – Goldman Sachs Operator Hello ladies and gentlemen. Thank you for participating in the Fourth Quarter and Full Year 2019 ...

FinVolution Group (PPDF) Q3 2019 Results Conference Call November 00, 2019 08:00 AM ET Company Participants Jimmy Tan - Investor Relations Cliff Zhang - Chairman and Co-Chief Executive Officer Feng Zhang - Co-Chief Executive Officer Simon Ho - Chief Financial Officer Conference Call Participants Steven Kwok - Keefe, Bruyette & Woods Yiran Zhong - Credit Suisse Alex Ye - UBS John Cai - Morgan Stanley Jacky Zuo - China Renaissance Operator Hello ladies and gentlemen. Thank you for participating in the Third Q ...