Slide 1: eQ Plc – Result Q1 2023
eQ Plc – Result Q1 2023 Result presentation 25 April 2023 25/04/2023 1
Slide 2: eQ Group – Key figures
eQ Group – Key figures MEUR 1-3/2023 1-3/2022 Change 1-12/2022 Net revenue 17.7 21.7 -18 % 77.8 Operating profit 10.0 13.0 -23 % 45.7 Profit for the period 7.9 10.3 -24 % 36.3 Earnings per share (EUR) 0.20 0.26 -25 % 0.91 Cost/income -ratio, % 43.6 40.0 9% 41.1 Liquid assets 51.6 19.5 164 % 43.8 Inv
Slide 3: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, Operating profit development, rolling 12 months, MEUR 73.9 rolling 12 months, MEUR 42.7 98,0 67,0 77,8 88,0 45,7 57,0 78,0 68,0 47,0 58,0 37,0 48,0 27,0 38,0 28,0 17,0 18,0 7,0 8,0 -2,0 -3,0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet Liquid assets ASSETS (MEUR) LIABILITIES AND EQUITY (MEUR) 3/2023 12/2022 3/2023 12/2022 51.6 MEUR Liquid assets 0.1 0.0 Other liabilities 51.3 6.8 Claims on credit institutions 46.2 23.7 Accruals and deferred income 9.1 16.6 Private equity and real Lease liabilities 5.4 5.6
Slide 5: Asset Management
Asset Management 25/04/2023 5
Slide 6: Asset Management – Income statement
Asset Management – Income statement MEUR 1-3/2023 1-3/2022 Change 1-12/2022 NET REVENUE 17.1 19.6 -13 % 71.8 Personnel expenses -5.2 -6.0 -13 % -22.0 Other administrative expenses -0.5 -0.4 9% -1.8 Depreciation -0.3 -0.2 35 % -0.9 Other operating expenses -0.3 -0.3 1% -1.2 OPERATING PROFIT 10.7 12.6
Slide 7: Asset Management – Fee income change
Asset Management – Fee income change Asset management fee income change -2.5 MEUR / -13 % Traditional Real estate Private Equity -0.4 MEUR / -16 % -2.4 MEUR / -21 % 0.3 MEUR / 6 % 25/04/2023 EQ PLC RESULT PRESENTATION 7
Slide 8: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum MEUR 1-3/2023 1-3/2022 Change 1-12/2022 Management fees Traditional asset management 2.1 2.6 -16 % 9.4 Real estate asset management 9.2 8.2 12 % 35.1 Private equity asset management 4.2 3.9 9% 16.9 Management fees total 15.6 14.6 6% 61.5 Performance based fees T
Slide 9: Asset Management – Rolling 12 months
10 20 30 40 60 70 80 50 0 Q4/13 Q1/14 Q2/14 25/04/2023 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 rolling12 months, MEUR Q3/17 Q4/17 Net revenue development, Q1/18 Q2/18 Q3/18 EQ PLC RESULT PRESENTATION Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3
Slide 10: Asset Management – Traditional funds
Asset Management – Traditional funds Gross returns 31.03.2023 3 months 3 years p.a. 5 years p.a. Morning- Fund Return Comparison Diff. Return Comparison Diff. Return Comparison Diff. star Fixed income Funds eQ Euro Short Term 0,59 % 0,23 % 0,01 % eQ Floating Rate 1,45 % 0,43 % 1,02 % 1,38 % -0,25 %
Slide 11: Asset Management – eQ Real Estate funds
Asset Management – eQ Real Estate funds eQ Community Properties eQ Commercial Properties eQ Residential • Invests in modern care properties • Invests in commercial real estate • Closed-end fund only for professional investors – invests in residential properties • Avg. lease maturity 10 years, vacanc
Slide 12: Asset Management – Private Equity
Asset Management – Private Equity AUM total EUR 2.9 bn EUR Private equity and private credit fundraising, MEUR Vintage Fund Size Stage Fund of funds – Northern Europe 600 2022 eQ PE XIV North 288 MEUR Investing 2020 eQ PE XII North 205 MEUR Fully invested 2018 eQ PE X North 175 MEUR Fully invested 2
Slide 13: Corporate Finance
Corporate Finance 25/04/2023 13
Slide 14: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity markets Real estate transactions 25/04/2023 EQ PLC RESULT PRESENTATION 14
Slide 15: Corporate Finance – Key figures
Corporate Finance – Key figures MEUR 1-3/2023 1-3/2022 Change 1-12/2022 NET REVENUE 0.5 1.8 -75 % 5.4 Personnel expenses -0.6 -0.9 -30 % -2.9 Other administrative expenses -0.1 -0.1 41 % -0.4 Depreciation -0.0 -0.0 0% -0.2 Other operating expenses -0.0 -0.0 -10 % -0.1 OPERATING PROFIT -0.4 0.7 -154
Slide 16: Investments
Investments 25/04/2023 16
Slide 17: Investments – Key figures
Investments – Key figures MEUR 1-3/2023 1-3/2022 1-12/2022 • During the period under review, Returned capital (excl. profit) 0.4 0.2 2.9 eQ Plc made a USD 1.0 million Distribution of profits 0.3 0.5 2.0 investment commitment in the eQ Capital calls -0.4 -0.5 -2.1 PE XV US private equity fund. Net ca
Slide 18: eQ’s share, outlook and summary
eQ’s share, outlook and summary 25/04/2023 18
Slide 19: Share price development and market cap
Share price development and market cap 35,00 • The market capitalisation of eQ Plc was EUR 769.0 million (EUR 30,00 1,028.9 million 31 Dec 2022) at the end of the period under review. 25,00 • During the period, 473,164 shares were traded on Nasdaq Helsinki 20,00 (700,962 shares from 1 Jan. to 31 Mar
Slide 20: Shareholders 31 March 2023
Shareholders 31 March 2023 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 962 605 19.69 2 Rettig Group Oy Ab 6 206 706 15.35 9 000 8 450 8 277 3 Chilla Capital S.A. 6 165 904 15.25 7 883 8 000 4 Teamet Oy 4 075 000 10.08 7 261 5 Oy Cevante Ab 1 419 063 3.51 7 000 6 Faze
Slide 21: Outlook
Outlook As for sales, the year 2022 was very good for eQ Asset Management. In April 2023, the eQ PE XV US private equity fund grew to USD 231 million in its second closing. This strengthens our view that demand will continue to be strong among investor, above all for private equity investment produc
Slide 22: Summary
Summary MEUR 1-3/2023 1-3/2022 Change 1-12/2022 Net revenue 17.7 21.7 -18 % 77.8 Operating profit 10.0 13.0 -23 % 45.7 Profit for the period 7.9 10.3 -24 % 36.3 Earnings per share (EUR) 0.20 0.26 -25 % 0.91 Cost/income -ratio, % 43.6 40.0 9% 41.1 Liquid assets 51.6 19.5 164 % 43.8 Investments in PE
Slide 23: eQ Plc 2023 half year financial report release date
eQ Plc 2023 half year financial report will be released on Tuesday 8 of August 2023 25/04/2023 23