Ann: Investor Presentation - Market Update, page-4

There is one feature of this presentation which is indicative of the ability of CCP to meet the challenges as they arise. If you dig a little into the total face values of PDLs purchased against the number of debtors it represents you will find that the face value per debtor has declined since 2021 and seems to have levelled off at the lower figure. The operations required to collect less from more clients are very obviously more intense and would normally be expected to increase against a lower overall collect. However CCP indicate instead that they have increased there hourly dollar rate of collections. Not a bad effort IMO and should be a very favourable pointer to their ability to increase efficiency when things get tough. Impressive and they are still indicating that they are working on improving operational efficiency further.