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Actionable news in PRAA: Portfolio Recovery Associates, Inc.,

Portfolio Recovery: Investor Presentation September 2015

The following excerpt is from the company's SEC filing.

Statements herein, other than statements of historical fact, are forward-looking statements, which are based on our current beliefs, projections, assumptions and expectations concerning future operations and financial performance. Such statements involve uncertainties and risks, some of which are not currently known to us, and may be superseded by future events that could cause actual results to differ materially from those expressed or implied herein. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of today, and are qualified in their entirety by these cautionary statements. Information regarding risk factors and other information that could change our projections or impact our actual results can be found in our most recent Annual Report on Form 10-K and in subsequent public filings, and should be considered in evaluating the forward looking statements herein. Except as required by law, we assume no obligation to update or revise these statements to reflect changes in events, conditions or circumstances on which any such forward-looking statements are based, in whole or in part. About Forward-Looking Statements 2

Company Overview What We Do Purchase defaulted receivables and manage collection efforts Purchase insolvent consumer accounts, both secured and unsecured Provide fee-based services 1 2 3 What Sets Us Apart Analytical and operational excellence: deep data set, advanced analytics and scoring Track record of success: Management has guided company for 20 years through multiple cycles Customer-centric 1 2 3 3

Today’s PRA Group – A Global Debt Buyer  Own portfolios in 17 countries  3,800 employees worldwide  Invested $1.47 billion in 2014 including the Aktiv Kapital acquisition  $1.4 billion in cash collections in 2014 4

Successfully Managed Through Multiple Economic Cycles $17 $31 $53 $81 $120 $161 $205 $261 $298 $383 $433 $592 $762 $971 $1,214 $1,444 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Cash Receipts ($ in millions) U.S. Recession U.S. Recession 5

Second Quarter 2015 Results Q2 2015 Q2 2014(a) Cash Collections $390 million $319 million 22% % change Revenues $237 million $197 million 20% Net Income $51.4 million $43.8 million 17% Diluted EPS $1.06 $0.87 22% Investment $208 million $109 million 91% Income from Operations...