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Q3 2017 EARNINGS PRESENTATION

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Statements herein, other than statements of historical fact, are forward-looking statements, whichare based on our current beliefs, projections, assumptions and expectations concerning futureoperations and financial performance. Such statements involve uncertainties and risks, some ofwhich are not currently known to us, and may be superseded by future events that could causeactual results to differ materially from those expressed or implied herein. You are cautioned not toplace undue reliance on forward-looking statements, which speak only as of today, and are qualifiedin their entirety by these cautionary statements. Information regarding risk factors and otherinformation that could change our projections or impact our actual results can be found in our mostrecent Annual Report on Form 10-K and in subsequent public filings, and should be considered inevaluating the forward looking statements herein. Except as required by law, we assume noobligation to update or revise these statements to reflect changes in events, conditions orcircumstances on which any such forward-looking statements are based, in whole or in part.

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Q3 2017 HIGHLIGHTS

Increased cash collections 3%

Increased investment in portfolios 31%

Increased estimated remaining collections $174 million

Expanding capacity Opening two new call centers in Henderson,

NV and Burlington, NC

Expanding current sites in VA

New employees will be ready for first quarter of 2018 which has seasonally strong cash collections

Versus prior year quarter

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PORTFOLIO PURCHASES IN Q3 2017

Americas Core - $115.6 million

Americas Insolvency - $73.5 million

Europe Core - $14.7 million

Europe Insolvency - $7.1 million

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OPERATIONAL RESULTS – GLOBAL INSOLVENCY AND AMERICAS CORE

Global Insolvency • Increased cash collections 2% from prior year quarter• Sequential growth of 13% from second quarter of 2017• Unlocking potential of secured chapter 13 market with

acquisition made in 2012

Americas Core• With two new sites and expansion, PRA has capacity to add almost

1,000 new collectors• U.S. call center cash collections grew 7% as a result of hiring and

portfolio acquisition

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OPERATIONAL RESULTS – EUROPE CORE

Europe Core Operations• Investing in legal collection process since early 2016 and it is

bearing fruit• Legal cash collections have grown 17% versus prior year quarter• Made other operational improvements

• Increased scoring• Moving more collections in-house• Improving technology

• Several quarters of outperformance indicates betterment

Europe

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CASH COLLECTIONS

Americas Core - $212.8 million• Increased $2 million versus third quarter 2016• U.S. call center cash collections increased $8

million

Global Insolvency - $66.4 million• Increased $1 million versus third quarter 2016• Encouraged by the continued sequential

increase in U.S. Insolvency cash collections, increased 14% from second quarter 2017

Europe Core - $102.7 million• Increased $7 million versus third quarter 2016• Increased yields based on sustained

overperformance

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OPERATING EXPENSES

• $146.8 million, down $7.7 million from previous year

• Expected increases in compensation expense

• Decrease in expenses from sale of two fee-based subsidiaries

• Cash efficiency ratio of 61.8% in the third quarter, 60.9% year to date

($ in millions)

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ESTIMATED REMAINING COLLECTIONS AND CAPITAL DEPLOYMENT

Estimated Remaining Collections

Capital Available for Portfolio Purchases - $1.1 billion

($ in millions)

United States - $3,016.6

United Kingdom - $877.3

Central Europe - $585.8

Southern Europe - $223.9

Northern Europe - $543.3

Other Americas - $177.2

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Q3 2017 REVENUE MODEL - $ IN THOUSANDS

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Q4 2017 REVENUE MODEL - $ IN THOUSANDS

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Q3 2017 EARNINGS PRESENTATION