Evli Plc Class B · OMXHEX:EVLI
Evli Plc Class B — Debt Investor Presentation (September 2026)
54 slides from Evli Plc Class B's debt investor presentation, Sep 30, 2026
Slide 1: Evli Short Corporate Bond IB
EVLI SHORT CORPORATE BOND IB This is marketing material for the fund and is not intended as investment advice or recommendation. Before making an investment decision, the investor must read the fund's key information document and other statutory information about the fund. 30.09.2026 ISIN: FI4000233
Slide 2: Evli in brief
2 EVLI IN BRIEF “We see wealth as an engine to drive sustainable progress.” CONFIDENTIAL
Slide 3: Evli in brief
3 ASSETS UNDER MANAGEMENT (EUR MARKET POSITION AS INSTITUTIONAL Evli in brief BILLION) JUNE 30, 2026 ASSET MANAGER (KANTAR PROSPERA 2026) We are a Finnish independent investment 22.6 1. service company with a 40-year operating history. NET REVENUE (EUR MILLION) IN 2025 FINLAND’S THIRD LARGEST FUND M
Slide 4: Evli's investment funds
4 Evli’s investment funds FUND AUM (EUR BILLION) NUMBER OF FUNDS Funds are managed by Evli Fund Management JUNE 30, 2026 Company Ltd. The company is part of Evli Group whose parent company is Evli Plc. 17.1 70 Morningstar, an independent fund research firm, awarded Evli Fund Management Company the b
Slide 5: Award-winning asset management from Evli
5 Award-winning asset management from Evli Evli has consistently ranked at the very top of Kantar Prospera’s client survey for 14 consecutive years. In the SFR Research’s Institutional Investment Services survey, Evli has been ranked first for six years and second for four, based on the overall qual
Slide 6: Successful fixed income management from Evli
6 SUCCESSFUL FIXED INCOME MANAGEMENT FROM EVLI The results of Evli’s corporate bonds family of funds CONFIDENTIAL
Slide 7: Evli's excellent corporate bond track record
7 Evli’s excellent corporate bond track record Quartile Rankings 3Q 2026* Historical returns are no guarantee of future returns. Morningstar Peer 3 5 10 15 Evli Fund Group Years Years Years Years EUR Ultra Short-Term Evli Euro Liquidity 1 1 1 1 Bond – The first credit fund, Evli Corporate Bond Fund
Slide 8: Evli's European and Emerging Markets corporate bond funds in a nutshell
8 Evli’s European and Emerging Markets corporate bond funds in a nutshell Fund Evli Short Corporate Bond Evli Corporate Bond Evli Green Corporate Bond Evli European Investment Grade Evli European High Yield Evli Emerging Markets Credit Invests into Short dated European European investment grade Euro
Slide 9: Why invest in European short corporate bonds?
9 WHY INVEST IN EUROPEAN SHORT CORPORATE BONDS? Evli Short Corporate Bond CONFIDENTIAL
Slide 10: Evli Short Corporate Bond Fund
10 Evli Short Corporate Bond Fund Short maturity European corporate bond fund - Offers access to stable Nordic corporate bond market in addition to the European market - Employs conservative risk controls Fund aims to achieve high risk-adjusted return Invests without index and rating limitations Qua
Slide 11: Evli Short Corporate Bond statistics
11 Evli Short Corporate Bond statistics Historical returns are no guarantee of future returns. Statistics 30.9.2026 Fund Yield (YTM) 4.63% Yield to worst (YTW) 4.58% Modified duration 2.04 Spread duration 2.32 Average rating BBB- Credit spread (OAS) 123 bps Green bonds 18.9% Responsibility Score (MS
Slide 12: Investment philosophy and process
12 INVESTMENT PHILOSOPHY AND PROCESS Evli Short Corporate Bond CONFIDENTIAL
Slide 13: Fund Invests in Stable and Better-Quality Bonds
13 Fund Invests in Stable and Better-Quality Bonds AAA AA – Fund focus on crossover companies with stable credit fundamentals A – Official credit rating is not what matters, rather it is about true BBB creditworthiness Unrated Crossover quality bonds – Unrated bonds share similar crossover credit fu
Slide 14: Investment Philosophy and Strategy
14 Investment Philosophy and Strategy Creditworthiness is the most important - We assess the TRUE credit quality, NOT relying on official rating factor in selecting investment targets. - Corporate bonds have limited upside but, in extreme cases, can lose Credit is about capital protection. their val
Slide 15: Investment Process
15 Investment Process SCREENING COMPANY ANALYSIS PORTFOLIO Market screening Analysis of fundamentals Over 100 and pricing companies Investment universe: Company analysis Overview and diversity: - Euro-denominated IG bonds – Financial Statement Analysis – Diverse portfolio with 100+ - Euro-denominate
Slide 16: Company analysis
16 Company analysis – Main focus on companies that over the cycle: – generate consistent positive free cash flow – debt leverage decreasing & debt coverage increasing – Are priced at an attractive spread compared to their risk Management and other Interest Groups - Management’s abilities and future
Slide 17: How ESG is taken into account in investment decisions?
17 How ESG is taken into account in investment decisions? ESG factors will influence our analysis of the company, industry as well as our thoughts on the management and owners. Portfolio Managers - Focus on issues that are quantifiable in terms of credit quality - For example: Damage to brands, lega
Slide 18: Evli Fixed Income Team: Evli Short Corporate Bond
18 Evli Fixed Income Team: Evli Short Corporate Bond Broad-based collaboration within the team to leverage our strong position in different credit classes Nordic Corporate High Yield Corporate Investment Grade Bonds Bonds Corporate Bonds Mikael Lundström Chief Investment Officer In the Industry sinc
Slide 19: Evli's fixed income team
19 Evli’s fixed income team Mikael Lundström Juhamatti Pukka Jussi Hyyppä Juhana Heikkilä Jani Kurppa Juha Mäntykorpi CHIEF INVESTMENT HEAD OF FIXED INCOME HEAD OF LOAN SENIOR PORTFOLIO SENIOR PORTFOLIO PORTFOLIO MANAGER OFFICER STRATEGIES MANAGER MANAGER AT EVLI SINCE 1996, AT EVLI SINCE 2008, AT E
Slide 20: Evli Short Corporate Bond Fund in a Nutshell
20 Evli Short Corporate Bond Fund in a Nutshell Type of Fund Short-maturity corporate bond fund (UCITS) Benchmark ICE BofA 1-3 Year Euro Corporate Index Fund Units Both distribution (A) and growth units (B), institutional share class available (IB) A units EUR: EVLEBFA FH/ LP60080972/ FI0008800503 (
Slide 21: Considerations and Risk Factors
21 Considerations and Risk Factors The aim is to achieve a return which exceeds the return of the benchmark during a 12-month investment horizon. The level of diversification in the investment portfolio is large both within every fixed income asset class and between the asset classes which keeps the
Slide 22: Track record and portfolio composition
22 TRACK RECORD AND PORTFOLIO COMPOSITION Evli Short Corporate Bond CONFIDENTIAL
Slide 23: Net of fee returns - 1 Year
23 Net of fee returns - 1 Year The ICE BofA 1-3 Year Euro Corporate Index (ER01) has been the fund's official benchmark since 01.03.2024. Before that date, the fund's official benchmark was the 3-month Euribor Return Index. Portfolio Benchmark Difference 1 Month -0.82% -0.43% -0.39% 3 Months -0.80%
Slide 24: Net of fee returns - 10 Years
24 Net of fee returns - 10 Years The ICE BofA 1-3 Year Euro Corporate Index (ER01) has been the fund's official benchmark since 01.03.2024. Before that date, the fund's official benchmark was the 3-month Euribor Return Index. Portfolio Benchmark Difference 1 Year 1.03% 0.83% 0.20% 3 Years 14.02% 11.
Slide 25: Annual returns, after fees, 30.09.2026
25 Annual returns, after fees, 30.09.2026 ICE BofA 1-3 Year Euro Corporate Index (ER01) has been the official benchmark for the fund since 1.3.2024. Until 1.3.2024, the official benchmark for the fund has been 3-month Euribor Return Index. 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Portfolio
Slide 26: Portfolio structure 30.09.2026
26 Portfolio structure 30.09.2026 Evli Short Corporate Bond IB CONFIDENTIAL
Slide 27: Top holdings 30.09.2026
27 Top holdings 30.09.2026 10 LARGEST INVESTMENTS 10 LARGEST ISSUERS % % Kesko Oyj 2.2.2030 3.5% Callable Fixed 1.24% FINNAIR OYJ 2.09% Ferrari Nv 21.5.2030 3.625% At Maturity Fixed 1.24% Banco Santander SA 1.84% Finnair Plc 24.5.2029 4.75% Callable Fixed 1.18% METSO OUTOTEC OYJ 1.81% Eqt 6.4.2028 2
Slide 28: Peer analysis – 3 years
28 Peer analysis – 3 years Past returns are no guarantee of future returns. Return (cum.) Beta Bear Beta Bull Beta Down Capture Ratio Up Capture Ratio Max Drawdown Evli Short Corporate Bond B 13,18 1,03 1,61 1,22 166,04 131,23 -1,81 The upper quartile 11,67 1,02 1,34 1,23 164,91 108,97 -0,81 Median
Slide 29: Peer analysis – 10 years
29 Peer analysis – 10 years Past returns are no guarantee of future returns. Return (cum.) Beta Bear Beta Bull Beta Down Capture Ratio Up Capture Ratio Max Drawdown Evli Short Corporate Bond B 16,57 1,08 1,77 1,43 142,21 151,87 -8,80 The upper quartile 11,26 1,04 1,24 1,25 127,63 112,20 -6,26 Median
Slide 30: ESG Metrics 30.06.2026
30 EVLI SHORT CORPORATE BOND ESG Metrics 30.06.2026 Responsibility score A Carbon footprint 102 UN Global Compact 0.0 % SFDR classification: Article 8 (t CO2e/M$ sales) fails CURRENT RESPONSIBILITY SCORES CARBON FOOTPRINT AND FOSSIL FUEL RESERVES DEVELOPMENT OF CARBON INTENSITY OF CURRENT INVESTMENT
Slide 31: Ambition
31 AMBITION “We want to be the forerunner in responsible wealth management in the Nordics, and in this way help our clients in managing their wealth to support a sustainable future.” CONFIDENTIAL
Slide 32: Responsible investing with 20 years of experience
32 Responsible investing with 20 Review of Evli’s climate targets years of experience Signatory of a COP15 initiative ’Moving Together on Nature’ Signatory of a joint TNFD Signatory of Open Letter to Joining the PRI statement on Nature EU leaders from investors Advance initiative as European Report
Slide 33: Four pillars of responsible investing at Evli
33 Four pillars of responsible investing at Evli #1 in Sustainable investing according to Finnish institutions2 Principles for ESG 1 -integration in Engagement and Reporting Responsible Investment Team Responsible Investment investment process active ownership – Decided by Evli’s – Portfolio – Manag
Slide 34: Monitoring, engagement and active ownership
34 Monitoring, engagement and active ownership ENGAGEMENT ACTIVITIES 2025 UN Global Compact, the UN Guiding Principles on Business and Human COLLABORATIVE ENGAGEMENT PARTICIPATING IN GENERAL Rights, the OECD Guidelines for Multinational Enterprises and Evli’s Climate INITIATIVES MEETINGS and Nature
Slide 35: Exclusions in practice in all Evli funds
35 Exclusions in practice in all Evli funds – With 0% revenue threshold: – Controversial weapon manufacturers – Companies manufacturing peat for energy production – With 5% revenue threshold: – Tobacco producers, adult entertainment producers and companies practicing controversial lending – With 10%
Slide 36: Evli's Climate and Nature Principles
36 Evli’s Climate and Nature Principles 1. Analysis – Monitoring the emissions of companies in Evli’s funds through fund- specific carbon footprints and companies’ emission reduction targets. – Evli’s Responsible Investment team utilizes available tools and data to identify nature-related risks, dep
Slide 37: Evli's climate targets
37 Evli’s climate targets Evli aims to achieve net zero by 2050 at the latest. The interim target for the investments -50% reduction in indirect emissions from investments by 2030 (compared to 2019). 1 We are aware that a credible long-term net zero goal requires systematic work and sufficiently amb
Slide 38: What opportunities does the market currently offer?
38 WHAT OPPORTUNITIES DOES THE MARKET CURRENTLY OFFER? Evli Short Corporate Bond - Overview of the market CONFIDENTIAL
Slide 39: The war impact: Yield curve up, spreads wider
39 The war impact: Yield curve up, spreads wider German sovereign curve, vs. end of 2025 Short maturity EUR IG and HY spreads YTD 4,00 100 80 320 90 75 300 3,50 80 70 70 Yield to maturity 280 65 Change, bps 3,00 60 50 60 260 2,50 40 55 240 30 50 2,00 20 220 45 10 40 200 1,50 0 6M 9M 1Y 2Y 3Y 4Y 5Y 6
Slide 40: Evli's funds and government bond funds vs. the market
40 Evli’s European and Global fixed income funds and government bond funds vs. the market 30.9.2026 8,0 Evli’s European credit fund Evli European High Yield (6,92%) Evli’s Global credit fund 7,0 European Developed Markets High Yield Constrained Evli’s government bond fund Evli Emerging Markets Credi
Slide 41: The fund's credit spread compared to benchmark
41 The fund’s credit spread compared to benchmark Historical returns are no guarantee of future returns. Option Adjusted Spread 500 450 400 350 300 250 200 150 100 50 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Evli Short Corporate Bond Benchmark Benchmark: ICE BofA 1-3 Year Euro Corpor
Slide 42: Market outlook
42 Market outlook – The long-end sell-off has intensified over – Another solid earnings season: The Q2 – High all-in yields: Following the shift up in the past month. The 10-year OAT–Bund reporting season so far has been strong in the yield curve, the overall yield levels are spread has widened to a
Slide 43: Spreads: BBB-rated IG in Europe
43 Spreads: BBB-rated IG in Europe (02/10/2026) Last 5 years Since 1999 Source: ICE BofAML, EVLI CONFIDENTIAL
Slide 44: Spreads: B-rated HY in Europe
44 Spreads: B-rated HY in Europe (02/10/2026) Last 5 years Since 1999 Source: ICE BofAML, EVLI CONFIDENTIAL
Slide 45: Credit metrics (IG + HY)
45 Credit metrics (IG + HY) Investment Grade High Yield Source: ICE BofAML, Bloomberg, Cognitive CONFIDENTIAL
Slide 46: Credit metrics (IG + HY)
46 Credit metrics (IG + HY) Source: FactSet, Bloomberg, S&P Capital IQ, company data, Morgan Stanley Research CONFIDENTIAL
Slide 47: HY: 3-4% annual default rate expected by YE26
47 HY: 3-4% annual default rate expected by YE26 – Market default forecasts show around 3-4% default rates by year-end 2026. – For 2027, market expectations range from 2% to 4%. Healthy credit fundamentals and high balance sheet liquidity support lower default rate while prolonged war in Iran is a n
Slide 48: Benchmark total return % YTD 2026
48 Benchmark total return % YTD 2026 Past returns are no guarantee of future returns. Source: ICE BofAML, Evli. Returns are hedged to the EUR. CONFIDENTIAL
Slide 49: Evli's funds vs. the market
49 Evli’s funds vs. the market 30.9.2026 8,0 Evli’s Nordic credit fund Evli European High Yield (6,92%) Evli Nordic Senior Secured Loan (AIF; 6,96%) Evli’s European credit fund 7,0 European Developed Markets High Yield Constrained Evli’s Global credit fund Evli Nordic High Yield (6,74%) Evli’s gover
Slide 50: Evli's European and Emerging Markets corporate bond funds in a nutshell
APPENDIX 50 Evli’s European and Emerging Markets corporate bond funds in a nutshell Fund Evli Short Corporate Bond Evli Corporate Bond Evli Green Corporate Bond Evli European Investment Grade Evli European High Yield Evli Emerging Markets Credit Invests into Short dated European European investment
Slide 51: Evli's Nordic corporate bond and loan funds in a nutshell
APPENDIX 51 Evli’s Nordic corporate bond and loan funds in a nutshell Fund Evli Euro Liquidity Evli Nordic Corporate Bond Evli Nordic High Yield Evli Nordic Senior Secured Loan (AIF) Invests into Nordic ultra-short term corporate bonds Nordic crossover corporate bonds Nordic rated and unrated high y
Slide 52: Important information
52 Important information This marketing material is intended for non-professional and professional clients in Finland, Sweden, Lithuania, Latvia and Estonia. In other jurisdictions this Document is intended only for professional clients. The management company of the fund is Evli Fund Management Com
Slide 53: Disclaimer statement
53 Disclaimer statement Evli This presentation is intended only for the recipient's personal and private use. This material is based on sources that Evli Group (Evli) considers correct and reliable. However, neither Evli nor its employees give any guarantee concerning the correctness, accuracy or co
Slide 54: Evli contact and social media
LinkedIn – Evli Funds LinkedIn – Evli Funds Facebook – Evli Funds Facebook – Evli Funds Facebook – Evli Funds Message Service X – Evli Funds Message Service X – Evli Funds Message Service X – Evli Funds evli.com evli.com evli.com Evli Plc | Aleksanterinkatu 19 | P.O. Box 1081 | FI-00101 Helsinki, Fi