易诺华国际 2024年度报告

Our Mission Helping hardworking people get access to fast, trustworthy credit. Dear Fellow Shareholders, Enova had a very successful year in 2024 with our portfolio growing to nearly $4billion, as we delivered record levels of revenue, originations and adjusted earningsper share¹ (EPS) supported by solid credit performance and efficient operations.A 26% increase in revenue, continued credit discipline and strong operationalefficiency led to a 43% increase in EPS. Our differentiated business model, talentedteam and strong balance sheet enabled us to meet our customer needs whilecreating significant value for our shareholders. Our diversified portfolio remains the engine of our growth. In 2024, small businessproducts represented 62% of our total portfolio, while consumer productsrepresented 38%. Small business revenue increased 32% compared to 2023,surpassing $1 billion for the first time, while originations rose 26% to a record $4billion. Serving over 900 industries, we understand the critical role small businessesplay in local and national economies, and we are committed to helping them succeedthrough accessible, transparent and responsible lending solutions. On the consumer side, demand for ourproducts continued to be robust, especiallyfor lines of credit. Compared to 2023,revenue from consumer loans and financereceivables increased 22%, and originationsrose 25% to over $2 billion. Guided by ourvision to close the world’s credit gap, weare dedicated to delivering beyond ourcustomers’ expectations and providing high-quality products that meet their needs whenthey need it most. ACHIEVED RECORD LEVELS OF REVENUE,ORIGINATIONS AND ADJUSTED EPS Enova Cumulative Originations1,2 ȗșȤ<($5+,6725<2)352),7$%/</(1',1*THROUGH CREDIT CYCLES WITH PROVEN UNIT ECONOMICS Enova’s Businesses SOLID CREDITQUALITY ACROSS OUR PORTFOLIO 2024 ENOVA ANNUAL REPORT Our robust balance sheet and strong liquidityposition provide the flexibility to supportboth the growth of our business and sharerepurchases in order to drive long-termshareholder value. During 2024, we completedcost-effective financing transactions totalingmore than $3 billion with a diverse groupof lenders and fixed-income investors. Inaddition, we repurchased 4.2 million shares ata cost of approximately $274.5 million as wecontinue to view our stock as undervalued. BALANCEDGROWTH ANDEXECUTION Since our founding 20 years ago, Enova has provided approximately $60 billion² inloans and financing to nearly 12 million customers, completed 65 million customertransactions and collected more than 85 terabytes of customer behavior data,allowing us to continually refine how we serve our customers and manage the risk inour business. PROVEN TECHNOLOGY & ANALYTICS POWERED BY PROPRIETARY TECHNOLOGY AND MACHINE LEARNING Loan Performance $PRXQWVDVDRIORDQDQG΋QDQFHUHFHLYDEOHEDODQFHDUHGHWHUPLQHGXVLQJperiod-end balances. Includes OnDeck data beginning October 2020.7KHDYHUDJHORDQDQG΋QDQFHUHFHLYDEOHEDODQFHLVWKHDYHUDJHRIWKHPRQWKend balances during the period. Includes OnDeck data beginning October 2020.56 Data shown excludes discontinued operations.Amounts as a % of combined loan and receivable balance are determined usingperiod-end balances.&RPELQHGORDQDQG΋QDQFHUHFHLYDEOHLVDQRQ*$$3PHDVXUH7KHDYHUDJHFRPELQHGORDQDQG΋QDQFHUHFHLYDEOHEDODQFHLVWKHDYHUDJHRIWKHmonth-end balances during the period.1234 $&5266Ȑșș,1'8675,(6 Our success would not have been possible without the exceptional, world-class teamwe’ve built at Enova. Guided by our core values —Customer First;Best AnswerWins;Operate as an Owner;Accountable for Results;Top Talent and Teamwork—the team has cultivated a dynamic, innovative workplace. These efforts earned Enova a spot on Computerworld’s Top 100Best Places to WorkinIT for the twelfth consecutive year, along with recognition from Built In’sBest Placesto Workin Chicago, New York and Colorado. I’m grateful for the tremendous effortfrom our team that delivered a great year, and am equally grateful for the team’sability to embrace the challenges we encounter along the way. Over our 20-year history, we havedemonstrated consistent, profitablegrowth through a range of operatingenvironments, thanks to strongunit economics, a diversifiedportfolio, our flexible online-onlybusiness model and advancedmachine learning capabilities. Weclosed 2024 with great momentumand as we move into 2025, bothour small business and consumercustomers are well-positioned amidfavorable trends like job growth, lowunemployment, moderated inflationand rising real wages. 2024 Facts Total Revenue ofȟƵƺELOOLRQ25% Growth Year-Over-Year (QGLQκ5HFHLYDEOHVRIȟƷƳELOOLRQ With a solid financial foundation, askilled team and a proven strategy,we are optimistic about what liesahead for Enova as we remainfocused on driving profitablegrowth while delivering long-termshareholder value. Resilient Balance Sheet:LWK6WURQκ/LTXLGLW\RIȟƴƶELOOLRQƴ 7