Slide 1: eQ Plc – Q3 result 2018
eQ Plc – Q3 result 2018 - result presentation 29 October 2018
Slide 2: eQ Group – Key figures
eQ Group – Key figures EUR million 1-9/2018 1-9/2017 Change% 1-12/2017 Net revenue 30.6 26.8 14% 40.7 Operating profit 15.1 12.8 17% 20.1 Profit for the period 11.9 10.1 18% 15.9 Earnings per share (EUR) 0.32 0.27 17% 0.43 Cost income -ratio, % 50.9 52.1 -2% 50.5 Liquid assets 15.8 8.4 88% 24.7 Inve
Slide 3: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 50,0 28,0 44.5 45,0 42.3 22.4 20.9 40.7 40.9 23,0 20.3 40,0 20.1 36.0 35.8 35.0 35.4 35.4 33.4 33.9 17.0 35,0 16.2 16.4 16.8 18,0 15.7 14.8 15.0 29.8 30.5 30,0 28.3 13.
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (EUR million) 9/2018 12/2017 (EUR million) 9/2018 12/2017 Liquid assets 0.0 0.0 Other liabilities 3.6 3.9 Claims on credit institutions 9.2 14.6 Accruals and deferred income 7.8 9.1 Income tax liabilities 0.2 0.8 Financial assets Deferred tax li
Slide 5: Asset Management
Asset Management
Slide 6: Asset Management – Income statement
Asset Management – Income statement EUR million 1-9/2018 1-9/2017 Change % 1-12/2017 NET REVENUE 26.8 23.5 14% 33.9 Personnel expenses -10.1 -8.8 16% -12.6 Other administrative expenses -1.2 -1.2 3% -1.7 Depreciation -0.1 -0.2 -36% -0.2 Other operating expenses -1.0 -1.0 4% -1.3 OPERATING PROFIT 14.
Slide 7: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum EUR million 1-9/2018 1-9/2017 Change % 1-12/2017 Management fees – Traditional AM 6.6 6.6 1% 8.9 Management fees – Real-estate and PE 18.5 13.3 39% 18.4 Other fees 0.3 0.5 -51% 0.6 Performance based fees 1.7 3.3 -48% 6.4 TOTAL 27.1 23.7 15% 34.3 Assets under man
Slide 8: Asset Management – Rolling 12 months
Asset Management – Rolling 12 months Net revenue development, rolling 12 months (€’m)) Operating profit development, rolling 12 months (€’m) 37.3 35.4 34.4 33.9 20.0 30.5 18.8 29.6 18.3 18.0 27.5 25.6 15.7 24.2 14.9 22.5 22.7 21.7 13.4 20.8 19.7 20.2 12.0 17.6 11.1 16.7 15.5 9.6 9.9 10.0 13.6 13.7 8
Slide 9: Asset Management – Mutual funds
Asset Management – Mutual funds Gros returns 30 September 2018 Since the beginning of the year 3 years p.a. Morning- Fund Return* Comparison Diff. Return* Comparison Diff. star Fixed income funds eQ Money Market -0,14 % 0,04 % eQ Euro Floating Rate -0,72 % -0,25 % -0,47 % 1,05 % -0,27 % 1,31 % no ra
Slide 10: Asset Management – eQ Real Estate funds
Asset Management – eQ Real Estate funds eQ Care eQ Finnish Real Estate Invests in modern care properties Invests in commercial real estate Well-diversified portfolio Currently 37 properties in the investment portfolio – 180 properties – Focus on mainly office and retail properties – Investme
Slide 11: Asset Management – Private Equity
Asset Management – Private Equity Private Equity - Fund of funds Founded Fund Size Stage Investors 2018 eQ PE SF II €135m Investing 23 FoF 2018 eQ PE X North €175m Investing 85 €1.4 Bn 2017 eQ PE SF €124m Fully invested 10 2017 eQ PE IX US $105m Investing 52 2016 eQ PE VIII North €160m Fully investe
Slide 12: Corporate Finance
Corporate Finance
Slide 13: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Completed over 180 transactions for a value of more than 13 billion euro 14 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate
Slide 14: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity capital markets Real estate transactions 14
Slide 15: Corporate Finance – Key figures
Corporate Finance – Key figures Net revenue development, rolling 12 months (€’m) Operating profit development, rolling 12 months (€’m) 9.7 5.0 9.1 9.1 4.6 4.5 7.9 3.7 6.8 6.9 7.0 3.4 6.3 3.2 3.3 6.2 5.9 2.9 5.2 2.7 2.6 4.8 4.5 4.5 4.2 4.4 4.6 3.8 2.0 1.8 1.7 3.0 1.5 1.6 1.4 1.4 1.4 2.1 0.9 0.4 EUR m
Slide 16: Investments
Investments
Slide 17: Investments – Key figures
Investments – Key figures EUR million 1-9/2018 1-9/2017 1-12/2017 Returned capital (excl. profit) 3.0 2.1 3.3 Distribution of profits 1.3 0.8 1.7 Capital calls -1.7 -2.3 -3.2 Net cash flow 2.6 0.7 1.9 Market value 17.9 20.1 18.8 Investment commitments 8.0 9.7 8.9 Profit and loss Distribution of prof
Slide 18: eQ’s share and summary
eQ’s share and summary
Slide 19: Share price development
Share price development 10,00 9,00 8,00 7,00 6,00 5,00 eQ Oyj OMXH 4,00 3,00 2,00 1,00 0,00 The Market value of eQ Plc was 335.6 million euro on 30 September 2018 19
Slide 20: Shareholders 30 September 2018
Shareholders 30 September 2018 Shareholder Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 943 137 21.07 6 000 2 Chilla Capital S.A. 5 945 275 15.77 3 Anchor Oy Ab 5 803 677 15.39 5 000 4 Teamet Oy 4 100 000 10.87 5 Oy Cevante Ab 1 419 063 3.76 4 000 6 Fazer Jan Peter 1
Slide 21: Summary and next financial reporting
Summary and next financial reporting EUR million 1-9/2018 1-9/2017 Change% 1-12/2017 Net revenue 30.6 26.8 14% 40.7 Operating profit 15.1 12.8 17% 20.1 Profit for the period 11.9 10.1 18% 15.9 Earnings per share (EUR) 0.32 0.27 17% 0.43 Cost income -ratio, % 50.9 52.1 -2% 50.5 Liquid assets 15.8 8.4