Taaleri Plc · OMXHEX:TAALA
Taaleri — Investor Presentation (July 2024)
46 slides from Taaleri's investor presentation, July 2024
Slide 1: Company presentation July 2024
Company presentation July 2024
Slide 2: Nordic investment and asset manager
Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. TAALERI
Slide 3: Taaleri history and key figures
2021 Wealth management operations Divested 2016 Taaleri Plc Nasdaq Helsinki 2016 Taaleri Energia Ltd Million Euro, million Billion Founded Operating profit, % 48.1 30.6.2024 31.3.2024 2015 Garantia Acquired 2013 Taaleritehdas Plc Helsinki First North Million 31.3.2024 2011 Taaleri Investments Ltd Fo
Slide 4: Renewable energy, Bioindustry, Real Estate, Garantia
Renewable energy Bioindustry Real Estate Garantia Investing in the energy European frontrunner A housing fund pioneer Scalable guarantee transition in Finland insurance solutions Taaleri Energia develops Taaleri Bioindustry Taaleri Real Estate Garantia is an and invests in utility develops and inves
Slide 5: Megatrends: climate change, electrification, urbanisation
Climate change Electrification Changing values Resource efficiency Urbanisation
Slide 6: SFDR Article 8 and 9 funds
~85% The fund promotes environmental The fund has sustainable investment as its objective; hence all and/or social characteristics. investments need to contribute to an environmental objective and of Taaleri’s AUM ‘do no significant harm’ to other sustainability objectives. consists of financial pro
Slide 7: Private Asset Management, Strategic Investments
Private Asset Management Strategic Investments Public
Slide 8: Competitive shareholder returns
Competitive shareholder returns ae ‘ Returns on Returns on Continuing Recurring y , A Direct Strategic Earnings formance fees Investments Investments Growth in EBIT Competitive shareholder returns * TAALERI
Slide 9: Strategic priorities for growth
Grow within our Make substantial industrial Expand our investor base Develop impact and business areas through investments and co-operate outside of Finland and sustainability in all both funds under with industrial partners partner with international investments throughout management and direct esp
Slide 10: Expertise across the investment lifecycle
The robust expertise of our engineers and financial, legal and sustainability experts spans across the entire lifecycle of our investments and projects. Taaleri's long experience, networks with industrial partners, know-how and expertise enable us to anticipate the changes taking place in the market
Slide 11: Growth, return on equity, dividend targets
Growth Return on equity Dividend Growth in Group continuing earnings ROE Payout of the FY profit and performance fees p.a. Public
Slide 12: Recent financial performance
TAALERI Recent financial ~ performance.
Slide 13: Taaleri Q1 2024
Q1 2023: €9.8 million Q1 2023: €9.3 million Q1 2023: €1.6 million 31.12.2023: €2.6 billion Continuing earnings €40.3 million Income €74.1 million Operating profit €39.9 million 85% of the assets under management by (LTM) (LTM) (LTM) Taaleri are sustainable fund products classified in accordance with
Slide 14: Private Asset Management
TAALERI Private Asset “ Management,
Slide 15: Renewable energy segment results
• The projects of the Taaleri SolarWind III Fund are mainly based on the project development portfolio acquired from Taaleri Energia, several of the projects of which were promoted towards a construction decision during the period. At the end of the review period, one of the fund’s projects was alre
Slide 16: Real estate and bioindustry results
• The real estate business focused on updating the business strategy. In addition, the business completed the sale of Taaleri Housing Fund IV Ky during the review period by selling the fund’s only investment. • The bioindustry business continued to support the investees of the Taaleri Bioindustry I
Slide 17: Garantia
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Slide 18: Garantia insurance results
• Garantia’s insurance service result increased to EUR 4.0 million as insurance service expenses decreased and the combined ratio improved 60 55% to 21.5%. 50 • Garantia’s net income from investment operations increased to EUR 4.8 40 37% 35% million as a result of the strong development of the stock
Slide 19: Other
TAALERI Other
Slide 20: Non-strategic investments
• On 31 March 2024, Taaleri’s non-strategic investments totalled EUR 18.9 (31 December 2023: 26.4) million. At the beginning of the year, Taaleri received the purchase price receivable of a real estate project located in Canada that was part of non-strategic investments, which is why the non-strateg
Slide 21: Result and balance sheet
TAALERI Result a balanc® sheet ~~ .)
Slide 22: Taaleri Q1 2024 EUR million
EUR million 69.8 4,4 Taaleri Q1 2024
Slide 23: Continuing earnings and operating profit
100,0 60,0 80,00% 90,0 Growth in continuing earnings 4.3% LTM Growth in operating profit 33.4% LTM 57,8 % 70,00% 80,0 50,0 70,0 53,8 % 60,00% 40,0 48,0 % 49,7 % 48,1 % 60,0 37,9 50,00% 33,8 24,3 26,5 50,0 23,7 30,0 40,00% 40,0 44,8 30,00% 30,0 20,0 39,9 29,9 32,2 31,9 20,00% 20,0 38,7 39,6 40,6 39,9
Slide 24: Balance sheet composition
31.12.2023: €32.3 million 31.12.2023: €160.6 million 31.12.2023: €307.9 million 31.12.2023: €208.6 million Other assets Cash and cash equivalents Garantia’s investment portfolio 31.12.2023: €26.4 million 31.12.2023: €38.3 million Private Asset Management segment’s direct investments Non-strategic in
Slide 25: Appendix
Appendix TAALERI
Slide 26: Our purpose
Our purpose We combine our deep industrial and financial expertise with capital to create attractive returns for our stakeholders and to build a better future TAALERI
Slide 27: Our vision
Ourvision Our vision is to become a leading investment manager operating internationally in bioindustry and renewable energy TAALERI
Slide 28: Q1 2024 group highlights
The Group’s continuing earnings grew to In addition, the focus of renewable The business continued supporting the EUR 10.3 million, mainly driven by the energy business was on the active growth and profitability of the portfolio Private Asset Management segment. development of the fund’s project com
Slide 29: Group income statement Q1 2024
The Group’s continuing earnings grew to EUR 10.3 million, mainly driven by the Private Asset Management segment. Income increased to EUR 17.0 million as a result of growth in continuing earnings and a strong net income from investment operations. The strong growth in income also supported the streng
Slide 30: Group operating profit EUR million
EUR million 9.6 4,4 Taaleri Q1 2024
Slide 31: Private Asset Management quarterly earnings
30,0 20,0 80,0 % 67,5 % 25,0 70,0 % 15,0 56,2 % 60,0 % 20,0 16,4 43,5 % 50,0 % 15,0 38,9 % 7,8 6,8 10,0 40,0 % 2,8 17,8 10,0 30,0 % 5,0 10,3 10,3 5,0 16,8 % 20,0 % 9,8 9,9 9,9 9,6 6,9 5,7 10,0 % 0,0 -0,6 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 1,6 0,0 0,0 % -5,0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 20
Slide 32: Segment quarterly earnings
18,0 10,0 55,9 % 60,00% 16,0 14,0 8,0 50,00% 12,0 10,4 6,0 40,00% 10,0 6,0 32,3 % 31,7 % 9,0 8,0 4,0 30,00% 1,9 6,0 0,8 2,0 4,0 20,00% 4,0 2,7 6,5 6,7 5,9 0,5 5,5 5,6 7,0 % 2,0 0,0 10,00% Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 0,0 -0,3 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 -2,0 0,00% -2,0 Continu
Slide 33: Segment quarterly earnings LTM
70,0 Growth in continuing earnings 15.7% LTM 40,0 Growth in income -9.2% LTM 70,00% 60,0 35,0 52,2 % 60,00% 50,0 30,0 47,9 % 42,0 % 50,00% 40,0 25,0 35,2 % 36,9 % 40,00% 30,6 25,2 18,0 19,1 20,0 30,0 21,1 30,00% 15,0 27,5 20,0 23,2 20,00% 10,0 17,8 16,2 22,2 23,3 24,4 24,7 14,9 10,0 21,4 10,00% 5,0
Slide 34: Strong tailwinds for bioindustry and renewables
Strong tailwinds for Security of supply and investing in bioindustry self-sufficiency (e.g. and renewables energy production) Regulatory changes Rising allocations into key steering capital towards infrastructure despite impact investments higher interest rates 35 Public
Slide 35: Size and stage of investment
Size of investment Stage of investment Fund Fund Exit investment investment Co- Growth Industrial investments funding partners Public
Slide 36: Sustainability goals and impact
Sustainability goals: Sustainability goals: Sustainability goals: • Promotion of circular economy • Replacing fossil energy production • Energy efficiency • Replacement of fossil and virgin • Mitigating climate change • Accessibility of housing materials • Mitigating climate change Renewable raw mat
Slide 37: Net Zero Asset Managers commitment
• Taaleri committed to the Net Zero Asset Managers (NZAM) initiative in November 2021. The commitment applies to all our assets under management in the Private Asset Management segment. • The NZAM initiative is an international group of asset managers committed to supporting the goal 2,220 of net ze
Slide 38: PRI scores above median
The scores in all five of areas relevant to Taaleri clearly exceeded the median scores of the PRI respondents Public
Slide 39: Bioindustry: European frontrunner
• Promotion of circular economy • Replacement of fossil and virgin materials European frontrunner • Mitigating climate change • Taaleri Bioindustry develops and invests in industrial scale plants and companies that enable the growth of bioeconomy sector globally. Carbon handprint*, Renewable raw mat
Slide 40: Investing in the energy transition
• Replacing fossil energy production Investing in the energy transition • Mitigating climate change • We develop and invest in utility scale wind farms, solar plants and battery energy storage systems. Emission reduction in 2023, tonnes of carbon dioxide equivalent (tCO2e)* • Our team is one of the
Slide 41: A housing fund pioneer in Finland
• Energy efficiency A housing fund pioneer in Finland • Accessibility for sustainable housing • We specialise in real estate fund, investment and asset management. Operating in Finland since 2009. Affordable rental apartments built or under • Sustainability is an essential part of our business and i
Slide 42: Scalable guarantee insurance solutions
Scalable guarantee insurance solutions • Garantia is an independent non-life insurance company specialising in guarantee insurance • We enhance capital efficiency by modernising traditional collateral practices for the benefit of our customers • We provide customers with easy and cost-effective guar
Slide 43: Shareholders by type
% of shares 16 000 Private companies 14 000 12 000 Financial and insurance 10 000 institutions 8 000 Households 6 000 Non-profit instit. serving 4 000 households 2 000 Nominee registered and 0 non-Finnish holders 12 2020 6 2021 12 2021 6 2022 12 2022 6 2023 12 2023 4 2024 Number of shareholders Publ
Slide 44: Taaleri share
Taaleri share The development of Taaleri’s share price and total return since the IPO 20 April 2013-30 April 2024 Mi Taaleri 8.08 ME Total return 13.43 2014 2016 2018 2020 2022 2024 TAALERI
Slide 45: Our values
We are highly skilled. We We are proud to say it out loud: we We value each other as individuals understand our markets and the have a desire to succeed. and professionals. needs of our investors. For us, success means delighted We understand the importance of We want to understand the future invest
Slide 46: Taaleri Plc contact
Taaleri Plc Kasarmikatu 21 B, 00130 Helsinki, Finland