Taaleri Plc · OMXHEX:TAALA
Taaleri — Q1 2022 Earnings Presentation
25 slides from Taaleri's earnings presentation, May 6, 2022
Slide 1: Interim Statement Q1 2022
CEO Peter Ramsay CFO Minna Smedsten 6 May 2022
Slide 2: Q1 2022 highlights by business
In the Private Asset Management The renewable energy business The real estate business segment, operational activity advanced projects of the Taaleri successfully exited the Taaleri strengthened from last year, and SolarWind II fund that were in the Daycare Properties fund by selling continuing earn
Slide 3: Group earnings summary Q1 2022
• Continuing earnings grew by 4.3% to EUR 9.3 (8.9) million. The continuing earnings of the Private Asset Management segment grew by 15.8% to EUR 4.9 (4.2) million. • Performance fees were EUR 0.5 (0.8) million and earnings from investment operations were EUR -2.6 (4.0) million due to changes in fai
Slide 4: Continuing earnings and operating profit by quarter
80.0 45.8% 44.2% 35.0 42.3% 50.00% 70.0 40.6% 45.00% 30.0 38.5% 60.0 40.00% 29.0 25.0 Pitkän35.00% aikavälin tavoite, 22.1 50.0 liikevoitto yli 25 % 17.1 16.9 18.2 30.00% 20.0 40.0 Long term 25.00% target >25% 15.0 30.8 30.0 20.00% 25.0 23.6 24.3 22.7 15.00% 20.0 38.7 39.1 40.7 41.1 10.0 36.4 10.00%
Slide 5: Fair value changes weighed on income and operating profit
The unrealized changes in the fair value of investment operations weighed on income and operating profit in O1 8.0 7.0 6.0 0.5 50 | -2.6 4.0 0.5 3.2 | 3.0 2.0 10 4A 0.0 °° | 10 -2.1 0.7 Net continuing Net Net income from Netinvestment_ Otherincome Personnel costs. Depreciation and Other expenses_—_O
Slide 6: Taaleri
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Slide 7: Renewable energy business
• The renewable energy business focused on advancing projects of the Taaleri SolarWind II fund that were in the construction phase and on operating the completed projects of its funds. Taaleri SolarWind II fund’s projects in the construction phase in Finland, Norway, Poland and the United States pro
Slide 8: Real estate and bioindustry businesses
• In March, the real estate business carried out the sale of the Taaleri Daycare Properties fund units, and EUR 0.5 million in performance fees were recorded for the sale. Four new investments were carried out in Aktia’s special investment funds in the portfolio management of the real estate busines
Slide 9: Private Asset Management earnings by quarter
35.0 8.0 30.00% 30.0 7.0 25.00% 25.0 10.9 10.4 6.0 21.5% 17.7% 24.0% 22.5% 3.2 1.8 20.00% 20.0 3.5 5.0 4.0 12.3% 15.00% 15.0 7.5 7.0 3.0 10.0 19.7 20.0 20.1 20.8 10.00% 18.2 4.7 2.0 4.1 5.0 2.7 5.00% 1.0 0.0 0.0 0.00% Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Co
Slide 10: Funds under management
Taaleri SolarWind II 2019 Private equity fund Renewable energy Investing period Taaleri Wind Fund II Ky 2014 Private equity fund Renewable energy Invested Taaleri Wind Fund III Ky 2016 Private equity fund Renewable energy Invested Taaleri SolarWind I Ky 2016 Private equity fund Renewable energy Inve
Slide 11: Strategic investments
TAALERI Stra Investme
Slide 12: Garantia guaranty insurance
• Earned premiums grew by 3.2% and amounted to EUR 4.0 (3.9) million. • The increase in earned premiums was mainly attributable to the growth in residential mortgage guaranty operations. The growth in residential mortgage guaranty operations was significantly affected by the favourable market condit
Slide 13: Taaleri
TAALERI TAALERI
Slide 14: Other group and non-strategic investments
• The group entitled Other is used to present the Group’s non-strategic investments, Taaleri Kapitaali and Group operations not included in the business segments. • In the first quarter of the year, the income of the Other group totalled EUR 1.7 (1.5) million, consisting of continuing earnings of EU
Slide 15: Result and balance sheet
TAALERI Ss Result and balance sheet
Slide 16: Income statement by segment Q1 2022
Continuing earnings 4,878 3,524 1,354 3,879 534 9,291 Performance fees 500 - 500 - - 500 Investment operations -58 285 -343 -3,699 1,122 -2,635 Income* 5,320 3,809 1,511 180 1,657 7,156 Fee and commission expense -1,638 -1,029 -609 - -74 -1,712 Personnel costs -2,630 -1,511 -1,118 -704 -735 -4,069 D
Slide 17: Group income statement Q1 2022
Continuing earnings 9,291 8,905 4.3% 40,711 Performance fees 500 797 -37.3% 11,411 Investment operations -2,635 3,968 -166.4% 17,593 Income* 7,156 13,670 -47.6% 69,715 Fee and commission expense -1,712 -1,884 -9.1% -9,590 Personnel costs -4,069 -4,123 -1.3% -19,046 Direct expenses -2,014 -1,762 14.3
Slide 18: Key figures
Earnings key figures Continuing earnings, MEUR 9.3 8.9 4.3% 40.7 >15.0% Income, MEUR 7.2 13.7 -47.6% 69.7 Operating profit, MEUR -0.7 5.8 n/a 30.8 Operating profit, % neg 42.7% 44.2% >25.0% Profit for the period in consolidated income statement, MEUR -1.2 6.8 n/a 136.1 Return on equity*, % -2.2% 20.
Slide 19: Balance sheet
Receivables from credit institutions 60,737 53,255 Cash at bank EUR 60.7 million, dividend of Receivables from the public and general government 5,323 6,021 EUR 34.0 million paid in April Shares and units 41,975 41,546 Assets classified as held for sale 6,490 5,246 Participating interests 9,556 8,88
Slide 20: Taaleri
TAALERI
Slide 21: Summary of Q1 2022
• Taaleri’s continuing earnings grew up to EUR 9.3 million. In Private Asset Management segment the continuing earnings grew by 15.8%. • The unrealized changes in the fair value of investment operations weighed on income and operating profit. • The renewable energy business focused on advancing the
Slide 22: Outlook and next steps
• Renewable energy business will make the final investments in Taaleri SolarWind II fund and continues its own project development activities. • The real estate business focuses mainly on transaction activities to grow the real estate funds in investment phase. Taaleri Housing Fund VIII launches its
Slide 23: Interim Statement and further information
The Interim Statement is found on our website Further information: Head of Communications and IR Siri Markula, siri.markula@taaleri.com, +358 40 743 2177
Slide 24: Attachments
TAALERI achments
Slide 25: Segment income statement Q1 2021
Continuing earnings 4,213 3,193 1,019 3,609 1,083 8,905 Performance fees 797 797 - - - 797 Investment operations 162 - 162 3,427 379 3,968 Income* 5,172 3,990 1,182 7,036 1,462 13,670 Fee and commission expense -1,777 -1,056 -720 - -107 -1,884 Personnel costs -2,173 -1,736 -437 -813 -1,137 -4,123 Di