Slide 1: eQ Plc – result Q1/2020
eQ Plc – result Q1/2020 - result presentation 28 April 2020
Slide 2: eQ Group – Key figures
eQ Group – Key figures EUR million 1-3/2020 1-3/2019 Change 1-12/2019 Net revenue 12.0 11.6 4% 50.5 Operating profit 6.0 5.3 13% 26.3 Profit for the period 4.8 4.2 14% 21.0 Earnings per share (EUR) 0.13 0.11 13% 0.55 Cost income -ratio, % 49.9 54.3 -8% 48.1 Liquid assets 35.0 32.1 9% 31.3 Investment
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) 58,0 32,0 27.0 51.1 25.3 50.6 26,3 49.7 23.9 47.8 27,0 47.3 23.3 48,0 45.4 22.4 44.5 22.4 42.3 20.9 40.7 40.9 20.3 22,0 20.1 36.0 38,0 35.4 35.4 35.8 16.817.0 35.0 16.2
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (EUR million) 3/2020 12/2019 (EUR million) 3/2020 12/2019 Liquid assets 0.1 0.1 Other liabilities 31.5 4.8 Claims on credit institutions 25.3 22.3 Accruals and deferred income 7.9 12.1 Financial assets Lease liabilities 2.6 2.6 Financial securit
Slide 5: Asset Management
Asset Management
Slide 6: Asset Management – Income statement
Asset Management – Income statement EUR million 1-3/2020 1-3/2019 Change 1-12/2019 NET REVENUE 11.3 10.3 10% 44.3 Personnel expenses -4.1 -4.1 0% -15.6 Other administrative expenses -0.4 -0.4 -13% -1.7 Depreciation -0.2 -0.2 16% -0.7 Other operating expenses -0.2 -0.3 -13% -1.0 OPERATING PROFIT 6.4
Slide 7: Asset Management – Fee income and AuM
Asset Management – Fee income and Aum EUR million 1-3/2020 1-3/2019 Change 1-12/2019 Management fees – Traditional AM 2.0 2.0 2% 8.0 Management fees – Real-estate and PE 9.1 7.4 24% 32.1 Other fees 0.1 0.1 -24% 0.3 Performance based fees 0.2 0.9 -80% 4.4 TOTAL 11.4 10.4 10% 44.7 Assets under managem
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) 45.3 44.3 26.5 41,6 25.4 40,0 38,4 23,3 37,3 36,7 21,8 35,4 34,4 20,5 33,9 20,0 19,5 18,8 30,5 18,3 29,6 18,0 27,5 25,6 15,7 14,9 24,2 22,7 13,4 21,722,5 20,8
Slide 9: Asset Management – Mutual funds
Asset Management – Mutual funds Gross returns 31.03.2020 Since beginning of the year 3 years p.a. 5 years p.a. Morningstar Morningstar – Fund Return* Comparison Diff. Return* Comparison Diff. Return* Comparison Diff. eQ is the Best Fund House Fixed Income Funds eQ Euro Short Term -0,41 % -0,24 % -0,
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 Avg. lease maturity: 10 years Avg. lease maturity: 6 years Vacancy 1% Vacancy 5% Invested capital: € 1 275m Invested capital: € 1084m Equity (N
Slide 11: Asset Management – Private Equity
Asset Management – Private Equity Private Equity - Fund of funds Founded Fund Size Stage Investors 2020 eQ SF III €115m 2nd close 30 2020 eQ PE XII North €157m 2nd close 62 2019 eQ PE XI US $217m Investing 90 2018 eQ PE SF II €135m Fully invested 23 2018 eQ PE X North €175m Fully invested 85 Reporti
Slide 12: Corporate Finance
Corporate Finance
Slide 13: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Completed some 200 transactions for a value of about 15 billion euro 15 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate tran
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 7,7 7,7 7,1 7,1 6,8 6,9 7,0 3,7 3,6 3,6 6,3 3,4 5,9 6,2 3,2 3,3 3,2 3,2 5,2 5,4 2,9 4,8 4,8 2,7 2,6 4,5 4,5 4,2 4,4 4,6 3,8 2,0 1,9 1,8 3
Slide 16: Investments
Investments
Slide 17: Investments – Key figures
Investments – Key figures EUR million 1-3/2020 1-3/2019 1-12/2019 Returned capital (excl. profit) 0.5 0.2 2.3 Distribution of profits 0.0 0.1 1.8 Capital calls 0.1 -0.6 -2.4 Net cash flow 0.5 -0.3 1.7 Market value 16.4 17.4 16.2 Investment commitments 7.7 8.2 6.7 Profit and loss Distribution of prof
Slide 18: eQ's share, outlook and summary
eQ’s share, outlook and summary
Slide 19: Share price development and market cap
Share price development and market cap 16,00 14,00 12,00 10,00 8,00 6,00 4,00 2,00 0,00 eQ Oyj OMXH The Market value of eQ Plc was 442.4 million euro on 31 March 2020 19
Slide 20: Shareholders 31 March 2020
Shareholders 31 March 2019 Shareholder Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 943 137 20.74 7 000 2 Chilla Capital S.A. 5 945 275 15.52 3 Anchor Oy Ab 5 803 677 15.15 6 000 4 Teamet Oy 4 100 000 10.70 5 Oy Cevante Ab 1 419 063 3.70 5 000 6 Fazer Jan Peter 1 298
Slide 21: Outlook
Outlook At the moment, it is still extremely unclear when the COVID-19 outbreak will begin to ease off and economies start to return to more normal circumstances. This naturally influences national economies and the development of the capital market during the remaining part of the year. The outlook
Slide 22: Summary and next financial reporting
Summary and next financial reporting EUR million 1-3/2020 1-3/2019 Change 1-12/2019 Net revenue 12.0 11.6 4% 50.5 Operating profit 6.0 5.3 13% 26.3 Profit for the period 4.8 4.2 14% 21.0 Earnings per share (EUR) 0.13 0.11 13% 0.55 Cost income -ratio, % 49.9 54.3 -8% 48.1 Liquid assets 35.0 32.1 9% 3