Slide 1: Catella Q3 Investor Presentation
CATELLA Q3 Investor Presentation NOVEMBER 7, 2025
Slide 2: Today's presenters
Catella | Interim Report Jul – Sept 2025 Today’s presenters Rikke Lykke Michel Fischier Group CEO CFO P.2
Slide 3: Catella Group at a glance
Catella | Interim Report Jul – Sept 2025 CATELLA GROUP AT A GLANCE Leading European group in property and alternative investments INVESTMENT CORPORATE PRINCIPAL MANAGEMENT FINANCE INVESTMENTS Regulated fund products, Leading European advisor Direct investments and custom made indirect within real es
Slide 4: Investment highlights
Catella | Interim Report Jul – Sept 2025 Investment highlights PROFITABLE AND STABLE GROWTH Three business areas delivering steady income and long-term value creation 55% RECURRING NET REVENUES RECURRING NET REVENUES 3% 21% CREATING LONG-TERM VALUE THROUGH SUSTAINABILITY 52% Delivery on long-term ES
Slide 5: Group key highlights
GROUP KEY HIGHLIGHTS
Slide 6: European quarterly transaction volumes (€ bn) - LTM
Catella | Interim Report Jul – Sep 2025 European quarterly transaction volumes (€ bn) - LTM ) European LTM transaction volumes (€ bn) COMMENTS European LTM transaction volumes (€ bn) LTM figures supporting continued 400 market recovery 350 Recovery is, however, slow due to continued market uncer
Slide 7: Key financial and operational highlights – Q3 2025
Catella | Interim Report Jul – Sept 2025 Key financial and operational highlights – Q3 2025 INVESTMENT PRINCIPAL CORPORATE CATELLA GROUP MANAGEMENT INVESTMENTS FINANCE Net revenue* Continued AUM growth Continued progress according to Seasonally weaker quarter, strong 285 M plan in current 8 pr
Slide 8: Our Key Priorities to simplify, reduce risks and grow
Catella | Interim Report Jul – Sept 2025 Our Key Priorities to simplify, reduce risks and grow De-concentrate and re-focus Principal Investments D by optimizing the existing portfolio and implement a new strategic direction for investments. Improve profitability within Corporate Finance I and put a
Slide 9: Investment Management
INVESTMENT MANAGEMENT
Slide 10: New AM mandates main driver of AUM growth in the quarter and LTM
Catella | Interim Report Jul – Sept 2025 New AM mandates main driver of AUM growth in the quarter and LTM AUM (SEK Bn) Total revenue LTM (SEK M) LTM AUM (SEK Bn) 18,7 -5,3 160 1 500 -0,9 -3,8 160,0 *** 151,4 140 1 300 120 1 100 ** 100 900 Q3-24 Inflows Outflows Revaluations Currency Q3-25 80 * 700 Q
Slide 11: Stability in fixed fees and cost control
Catella | Interim Report Jul – Sept 2025 Stability in fixed fees and cost control Stability in fixed fees Decreased transactional activity in the quarter SEK M Q3 2025 Q3 2024 Change % Property Funds** 184 211 -13% ** 500 Asset Management 68 71 -4% 450 Eliminations -20 -23 -14% 400 Total revenue
Slide 12: Principal Investments
PRINCIPAL INVESTMENTS
Slide 13: Continued progress in current projects
Catella | Interim Report Jul – Sept 2025 Continued progress in current projects Investment Projects Invested equity, project IRR and targets Denmark (Co-Investment) Current status Long term Target Residential. Vega, Copenhagen Catella invested equity (SEK Bn) 1.1 1 - 1.5 Germany (Catella Project C
Slide 14: Corporate Finance
CORPORATE FINANCE
Slide 15: Revenue and results of operations
Catella | Interim Report Jul – Sept 2025 Revenue and results of operations KEY TAKE-AWAYS SEK M Q3 2025 Q3 2024 Change % Lower revenues YoY due to exceptionally strong quarter in Spain LY Total revenue 83 89 -7% Assignment expenses and LY positively impacted by reversal of provisions amounting t
Slide 16: Financials
FINANCIALS
Slide 17: Financial summary
Catella | Interim Report Jul – Sept 2025 Financial summary INVESTMENT PRINCIPAL CORPORATE OTHER & GROUP Var’ MANAGEMENT INVESTMENTS FINANCE ELIMINATIONS Q3’25 SEK M Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 vs Q3’24 Total revenue 232 259 78 41 83 89 0 -1 393 387
Slide 18: Catella has a strong recovery profile, with a large net cash position
Catella | Interim Report Jul – Sept 2025 Catella has a strong recovery profile, with a large net cash position NET CASH POSITION OF SEK 1.6 BN COMMENTS Catella’s investments amount to SEK 1.1 bn SEK M SEK 1 330 M (2.1) 3 500 SEK 1 360M −Property development projects, project capital and co-investm
Slide 19: Summary and key take aways
SUMMARY AND KEY TAKE AWAYS
Slide 20: Summary and key take-aways
Catella | Interim Report Jul – Sept 2025 Summary and key take-aways Strong foundation for growth Solid liquidity and equity ratio Continued AUM growth through new AM-mandates Progress on refined and clarified strategy 20
Slide 21: Thank you!
→ THANK YOU! www.catella.com
Slide 22: Investor Relations
Catella | Interim Report Jul – Sept 2025 INVESTOR RELATIONS Largest shareholders 2025-10-31 Capital Votes Most recent equity research Claesson & Anderzén 49.4% 49.2% Date Institution Recommendation TP 2025-10-31 ABGSC - - Gran Fondo Capital 7.4% 7.2% 2025-10-07 DNB CAR Hold 33 Alcur Fonder 3.7% 3.3%