Slide 1: Taaleri
TAALERI
Slide 2: Our Passion
OUR PASSION Is hij EVERYONE. TAALERI
Slide 3: Value Drivers
VALUE DRIVERS Sound financial Opportunistic Increasing of position and view on Ascending shareholder Organic growth excellence in enhancing dividend value profitability business 25.8.2016 3
Slide 4: Result in Brief
RESULT IN BRIEF • Income grew by 12.4 percent to 33.7 mill. euro • Other events during the period • Adjusted operating profit 11.7 mill. euro on the • Combination of share series previous year’s level (11.8). Profit margin 34.9 • Share listing main market of Helsinki Stock Exchange percent. • Acquis
Slide 5: Taaleri, Financial Results H1 2016
TAALERI, FINANCIAL RESULTS H1 2016 TAALERI H1 2016 H1 2015 Change % FY 2015 Million euro IFRS IFRS Income 33.7 30.0 12.4 % 58.4 Adjusted income* 33.7 30.0 12.4 % 58.4 Expenses -22.0 -19.4 13.5 % -39.8 Operating profit 11.7 39.1 -70.0 % 47.4 Adjusted operating profit* 11.7 11.8 -1 % 20.1 Profit for t
Slide 6: Taaleri Consolidated Balance Sheet, IFRS
TAALERI CONSOLIDATED BALANCE SHEET, IFRS Assets, EUR 1 000 30 June 2016 30 June 2015 31.12.2015 Receivables from credit instutions 21 724 23 543 27 983 Receivables from the public and general government 6 911 9 244 9 416 Debt securities 1 503 0 1 541 Shares and units 5 936 46 038 45 154 Participatin
Slide 7: Financial Structure and Maturity Analysis
FINANCIAL STRUCTURE AND MATURITY ANALYSIS FINANCIAL STRUCTURE MATURITY ANALYSIS 30 Millions 25 33 % 20 15 10 67 % 5 0 Bank loans Bonds Bank loans Bonds 25.8.2016 7
Slide 8: Key Figures of the Group
KEY FIGURES OF THE GROUP KEY FIGURES H1 2016 H1 2015 FY 2015 Earnings per share, EUR 0.32 1.35 1.53 Adjusted* earnings per share, EUR 0.32 0.35 0.55 Adjusted*return on equity % (ROE) 19.9 30.8 24.9 Adjusted*return on equity at fair value % (ROE) 20.1 17.4 18.2 Adjusted* return on assets % (ROA) 9.4
Slide 9: Taaleri's Structure
TAALERI’S STRUCTURE TAALERI PLC WEALTH Taaleri had two FINANCING business segments: MANAGEMENT Wealth management Direct financing Guaranties and Financing. 25.8.2016 9
Slide 10: Operating Profit by Segments H1 2016
OPERATING PROFIT BY SEGMENTS H1 2016 14,0 Million euro 7,3 11,7 12,0 10,0 8,0 6,0 2,4 4,0 2,0 2,0 0,0 Wealth Management Financing Other business Total profit 25.8.2016 10
Slide 11: Wealth Management Segment H1 2016
W E A LT H M A N A G E M E N T S E G M E N T H1 2016
Slide 12: Wealth Management Segment H1 2016
WEALTH MANAGEMENT SEGMENT H1 2016 • Wealth Management segment consists of • In March, world’s first private equity fund Taaleri Wealth Management Ltd. and its focusing on circular economy was opened subsidiaries as well as Taaleri Private Equity • In June, the third wind power fund was opened Funds
Slide 13: Wealth Management – Income and Result
WEALTH MANAGEMENT – INCOME AND RESULT Wealth Management H1 2016 H1 2015 CHANGE FY 2015 External fees % million euro Wealth management fees 13.8 15.7 -12.1 % 28.8 Performance fees 3.8 1.0 288.2 % 4.5 Sales profits - 2.4 -100.0 % 6.1 Total income 17.6 19.0 -7.7 % 39.4 Operating profit 2.0 4.9 -57.9 %
Slide 14: Assets under Management in Wealth Management Segment
ASSETS UNDER MANAGMENT IN WEALTH MANAGEMENT SEGMENT 25.8.2016 14
Slide 15: Financing Segment H1 2016
FINANCING SEGMENT H12016 TAALERI
Slide 16: Garantia – Stabilizing Ownership
GARANTIA – STABILIZING OWNERSHIP 5.5 M€ 1.228 Bn € EARNED PREMIUMS GUARANTEE INSURANCE BASE 30 JUNE 2016 30 JUNE 2016 Garantia is a Finnish growth 96.4 M€ 501% company operating in the finance OWN BASIC ASSETS SOLVENCY RATIO sector and specialising in guaranty 30 JUNE 2016 30 JUNE 2016 services. We
Slide 17: Financing Segment H1 2016
FINANCING SEGMENT H1 2016 • The segment consists of Garantia Insurance FINANCING H1 2016 H1 2015* Company Ltd as of 31 March 2015 and million euro Taaleri’s associated company Fellow Finance Net income from insurance operations 4.2 2.6 Ltd as of 26 May 2015 Net income from investment operations 1.6
Slide 18: Garantia Key Figures, FAS
GARANTIA KEY FIGURES, FAS Million euro H1 2016 H1 2015 CHANGE % Premiums written 5.5 4.5 22 % Other items * -1.1 0.4 -402 % * Reinsurers share of premiums written, Premiums earned 4.4 4.8 -10 % change in provision for unearned premiums and reinsurers' share of change in provision for unearned Claims
Slide 19: Fellow Finance
FELLOW FINANCE 2 305 365 915 € 711 258 LOANS APPLIED INVESTMENTS INTO LOANS Fellow Finance Plc is founded in 2013 to offer high-quality and secure INVESTORS FROM 11.5% online marketplace services 434 130 35 countries p.a. in Europe. Despite of the young age of the company, PROCESSED APPLICATIONS FO
Slide 20: Other Business H1 2016
OTHER BUSINESS H12016 TAALERI
Slide 21: Other Business
OTHER BUSINESS • Other business operations include the H1 H1 Change OTHER BUSINESS Group administration services of Taaleri Plc 2016 2015 % and the investments on the Group's own Million euro balance sheet, which are implemented through Taaleri Investments Ltd. Income 10.4 3.2 226 % • Sale of Finsil
Slide 22: Taaleri's New Structure 1 July 2016
TAALERI’S NEW STRUCTURE 1 JULY 2016 TAALERI PLC WEALTH As of July 2016 three FINANCING ENERGY MANAGEMENT business segments: Wealth Management, WEALTH FELLOW MANAGEMENT GARANTIA FINANCE Financing, Energy PRIVATE EQUITY FUNDS KAPITAALI 25.8.2016 22
Slide 23: Taaleri Share Development
TAALERI SHARE DEVELOPMENT Shareprice 30 JUNE 2016: 10 25.3.2015 8.77€ Dividend 9 0.09 euro 8 17.12.2013 7 Return of capital 0.06 euro 6 Owners 8.4.2016 30 JUNE 2016: 5 Dividend 4 0.20 euro (incl. return of capital 0.06 2 537 euroa) 3 10.4.2014 2 Dividend 1 0.05 euro Market cap 30 JUNE 2016: 0 248 M€
Slide 24: TAALA Shareholders
TAALA SHARE HOLDERS OWNERS MAJOR SHAREHOLDERS 3000 Foreign Non-profit countries 2500 institutions 9% 2000 1% Financial and insurance 1500 corporations 4% 1000 Corporations 500 36 % 0 Nominee registered Households 0% 49 % Public institutions 1% 25.8.2016 24
Slide 25: Group Strategy
GROUP STRATEGY H12016 TAALERI
Slide 26: Financial Objectives and Outlook
FINANCIAL OBJECTIVES AND OUTLOOK • Taaleri’s objectives are an equity ratio of more than 30 percent and operating profit of at least 15 percent. Long term objectives for the return on equity is to exceed 15 percent. • In addition, the company aims to increase the amount of dividend distributed, and
Slide 27: Taaleri
TAALERI