FinVolution Group Q3 FY2024 earnings call

• Execution of LE-GO strategy, with progress towards achieving 50% of revenue from international market by 2030. - International business growth: unique borrowers in international markets grew from 0.7 million in 2020 to 2.1 million in first 9 months of 2024; new international borrowers in Q3 2024: 671,000, up 60% YOY and 43% QOQ. - Tech innovation: detection solutions for voice command scams, integration of large-language models in loan collection. - ESG efforts: empowered 447,000 small business owners with loans totaling RMB 15.4 billion in Q3, up 25% YOY.

China: For the first 9 months of 2024, transaction volume reached RMB 142 billion, up over 4% year-over-year. Funding costs improved by 190 basis points year-to-date. Day 1 delinquency rate improved to 4.9%, loan collection recovery rate 88.5%. International: First 9 months of 2024, international transaction volume reached RMB 7.2 billion, up 29% year-over-year. Revenue contribution from international markets was RMB 636 million, up 9% year-over-year, representing 19% of total revenues. Indonesia: transaction volume resumed growth to RMB 1.8 billion, up 11% sequentially. Philippines: transaction volume grew 137% year-over-year and 24% sequentially to RMB 838 million, contributing about 32% to international transaction volume.

• Anticipate sustainable improvements in China's economic growth in Q4 due to stimulus measures. - Confident in international operations sustainability and diversification of business models. - Expect vintage delinquency rate for the quarter to improve to around 2.4%. - Share repurchase program: deployed around USD 24.3 million in Q3, cumulatively USD 81.1 million in first 9 months of 2024.

• Forward-looking statements involve inherent risks and uncertainties. - Potential material differences between expected results and actual results due to various factors. - Risks related to macroeconomic conditions, regulatory changes in international markets.

Q: On China business loan volume pick up and Q4 outlook A: Jiayuan Xu and Jimmy Tan discussed industry trends, stimulus impact, and continuation of growth trend in China business, noting the impact of the late September stimulus and expectation of continued growth into Q4.

Q: On international business price ceiling and Indonesia profit A: Discussed the price transition in Indonesia, current pricing at 0.3% daily, and confidence in meaningful profits for the Indonesia business under stable pricing conditions.

Q: On funding cost room and international customer acquisition A: Discussed room for funding cost improvement in Q4 and details of Indonesia and Philippines customer acquisition strategies, including partnerships with local financial institutions.

Q: On shareholders return and balancing growth A: Discussed long-term shareholder value creation through robust business growth and capital return programs, including share repurchases and dividends, with cumulative returns to shareholders totaling USD 686.1 million as of September 13, 2024.