Slide 1: eQ Plc – Half year result 2020
eQ Plc – Half year result 2020 - result presentation 11 August 2020
Slide 2: eQ Group – Key figures
eQ Group – Key figures EUR million 1-6/2020 1-6/2019 Change 1-12/2019 Net revenue 23.9 22.9 4% 50.5 Operating profit 11.7 11.0 7% 26.3 Profit for the period 9.4 8.8 7% 21.0 Earnings per share (EUR) 0.24 0.23 6% 0.55 Cost income -ratio, % 51.0 52.1 -2% 48.1 Liquid assets 13.8 12.2 13% 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 27,0 51,6 25.3 50.651.1 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
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (EUR million) 6/2020 12/2019 (EUR million) 6/2020 12/2019 Liquid assets 0.1 0.1 Other liabilities 5.1 4.8 Claims on credit institutions 8.0 22.3 Accruals and deferred income 8.6 12.1 Financial assets Lease liabilities 2.5 2.6 Financial securitie
Slide 5: Asset Management
Asset Management
Slide 6: Asset Management – Income statement
Asset Management – Income statement EUR million 1-6/2020 1-6/2019 Change 1-12/2019 NET REVENUE 22.7 20.8 9% 44.3 Personnel expenses -8.2 -7.8 4% -15.6 Other administrative expenses -0.7 -0.8 -19% -1.7 Depreciation -0.4 -0.3 14% -0.7 Other operating expenses -0.4 -0.5 -6% -1.0 OPERATING PROFIT 13.0 1
Slide 7: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum EUR million 1-6/2020 1-6/2019 Change 1-12/2019 Management fees – Traditional AM 3.9 3.9 -2% 8.0 Management fees – Real-estate and PE 18.7 15.3 23% 32.1 Other fees 0.1 0.1 -18% 0.3 Performance based fees 0.2 1.7 -88% 4.4 TOTAL 22.9 21.0 9% 44.7 Assets under manag
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) 46,1 45,3 27,0 44,3 26,5 41,6 25,4 40,0 38,4 23,3 37,3 21,8 35,4 36,7 33,9 34,4 20,0 20,5 18,8 19,5 29,6 30,5 18,0 18,3 27,5 25,6 15,7 14,9 24,2 21,7 22,5 22,7
Slide 9: Asset Management – Mutual funds
Asset Management – Mutual funds Morningstar – eQ is the Best Equity Fund House 2020 eQ Asset Management won a major Morningstar award in 2020. The Best Equity Fund House Award, announced 11 March 2020, recognizes eQ’s equity fund range based on five-year risk- adjusted. eQ Euro Investment Grade fu
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 321m Invested capital: € 1069m Equity (N
Slide 11: Asset Management – Private Equity
Asset Management – Private Equity Private Equity - Fund of funds Founded Fund Size Stage Investors 2020 eQ PE SF III €155m Investing 44 2020 eQ PE XII North €190m Investing 76 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 Repo
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 16 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 3,7 6,8 6,9 7,0 3,6 3,6 3,4 6,3 5,9 6,2 3,2 3,3 3,2 3,2 5,4 5,3 2,9 5,2 2,7 4,8 4,8 2,6 4,5 4,5 4,2 4,4 4,6 3,8 2,0 1,9 1
Slide 16: Investments
Investments
Slide 17: Investments – Key figures
Investments – Key figures EUR million 1-6/2020 1-6/2019 1-12/2019 Returned capital (excl. profit) 0.6 1.3 2.3 Distribution of profits 0.0 0.7 1.8 Capital calls -0.8 -1.6 -2.4 Net cash flow -0.2 0.3 1.7 Market value 16.1 16.8 16.2 Investment commitments 7.9 7.4 6.7 Profit and loss Distribution of pro
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 505.7 million euro on 30 June 2020 (476.9 M€ 31 Dec 2020). During the financial period, 1 734 664 shares were traded on Nasdaq Helsinki (858 179 shares from 1 Jan. t
Slide 20: Shareholders 30 June 2020
Shareholders 30 June 2020 Shareholder Shares % of shares The number of shareholders 8 000 1 Fennogens Investments S.A. 7 943 137 20.74 2 Chilla Capital S.A. 5 945 275 15.52 7 000 3 Anchor Oy Ab 5 803 677 15.15 4 Teamet Oy 4 100 000 10.70 6 000 5 Oy Cevante Ab 1 419 063 3.70 6 Fazer Jan Peter 1 298 3
Slide 21: Outlook
Outlook The outlook of national economies for the remaining part of the year is still rather uncertain. In addition, it is difficult to foresee how the COVID-19 pandemic will develop during the autumn. The outlook for the financial year is still unaltered, however, and we expect the net revenue and
Slide 22: Summary and next financial reporting
Summary and next financial reporting EUR million 1-6/2020 1-6/2019 Change 1-12/2019 Net revenue 23.9 22.9 4% 50.5 Operating profit 11.7 11.0 7% 26.3 Profit for the period 9.4 8.8 7% 21.0 Earnings per share (EUR) 0.24 0.23 6% 0.55 Cost income -ratio, % 51.0 52.1 -2% 48.1 Liquid assets 13.8 12.2 13% 3