Slide 1: eQ Plc – result Q1/2022 result presentation 26 April 2022
eQ Plc – result Q1/2022 result presentation 26 April 2022
Slide 2: eQ Group – Key figures
eQ Group – Key figures MEUR 1-3/2022 1-3/2021 Change 1-12/2021 Net revenue 21.7 18.0 20% 78.9 Operating profit 13.0 10.6 23% 47.7 Profit for the period 10.3 8.4 22% 38.1 Earnings per share (EUR) 0.26 0.22 20% 0.97 Cost/income -ratio, % 40.0 41.3 -3% 39.5 Liquid assets 19.5 43.6 -55% 56.0 Investments
Slide 3: eQ Group – Profit development
eQ Group – Profit development Excellent development for several years Net revenue development, MEUR Operating profit development, MEUR 90,0 60,0 78.9 80,0 50,0 47.7 70,0 60,0 56.7 40,0 50.6 50,0 30.8 45.4 40.7 30,0 26.3 40,0 22.4 20.1 30,0 20,0 21.7 18.0 13.0 20,0 10.6 10,0 10,0 0,0 0,0 2017 2018 20
Slide 4: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, rolling 12 months, MEUR Operating profit development, rolling 12 months, MEUR 88,0 57,0 82,5 50,1 78,0 47,0 68,0 58,0 37,0 48,0 27,0 38,0 28,0 17,0 18,0 7,0 8,0 -2,0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1
Slide 5: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (MEUR) 3/2022 12/2021 (MEUR) 3/2022 12/2021 Liquid assets 0.1 0.1 Other liabilities 14.5 6.3 Claims on credit institutions 9.1 35.1 Accruals and deferred income 11.5 19.1 Lease liabilities 4.9 1.2 Financial assets Income tax liabilities 1.1 4.2
Slide 6: Asset Management
Asset Management
Slide 7: Asset Management – Income statement
Asset Management – Income statement MEUR 1-3/2022 1-3/2021 Change 1-12/2021 NET REVENUE 19.6 14.8 32% 64.9 Personnel expenses -6.0 -5.2 16% -21.2 Other administrative expenses -0.4 -0.4 19% -1.6 Depreciation -0.2 -0.2 -3% -0.8 Other operating expenses -0.3 -0.2 55% -0.9 OPERATING PROFIT 12.6 8.8 43%
Slide 8: Asset management – Fee income, change
Asset management – Fee income, change Asset management fee income change, MEUR PE Real estate 2,2 MEUR / 68 % Traditional -1,3 MEUR / -34 % 4,1 MEUR / 55 % 8
Slide 9: Asset management – Fee income and Aum
Asset management – Fee income and Aum MEUR 1-3/2022 1-3/2021 Change 1-12/2021 Management fees Traditional asset management 2.6 2.4 6% 10.6 Real estate asset management 8.2 6.8 21 % 29.1 Private Equity asset management 3.9 3.3 19 % 13.9 Management fees total 14.7 12.5 18 % 53.6 Performance based fees
Slide 10: Asset Management – Rolling 12 months
10 20 30 40 50 60 70 80 0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Net revenue development, rolling 12 months, MEUR Q3/21 Q4/21 Q1/22 69.6 10 15 20 25 30 3
Slide 11: Asset Management – Traditional AM mutual funds
Asset Management – Traditional AM mutual funds Traditional funds managed by eQ Gross returns 31.03.2022 3 months 3 years p.a. 5 years p.a. Morning- Funds Return Diff. Comparison Return Diff. Comparison Return Diff. Comparison star Fixed Income Funds eQ Euro Short Term -0,14 % -0,24 % -0,19 % eQ Floa
Slide 12: 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 – Avg. lease maturity: 10 years, vacancy 2% Avg. lease maturity: 6 yea
Slide 13: Asset management – Private Equity
Asset management – Private Equity Private Equity-, Venture Capital and Private Credit -funds – Fundraising, MEUR Aum 2,6 bn. EUR Year Fund Size Stage 450 Fund of funds – North Europe 400 2022 eQ PE XIV North 230MEUR 2. Close 2020 eQ PE XII North 205MEUR Fully invested 350 2018 eQ PE X North 175MEUR
Slide 14: Corporate Finance
Corporate Finance
Slide 15: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity capital markets Real estate transactions 15
Slide 16: Corporate Finance – Key figures
Corporate Finance – Key figures Net revenue development, rolling 12 months, MEUR Operating profit development, rolling 12 months, MEUR 12 6 10 5 8 7,6 4 3,2 6 3 4 2 2 1 0 0 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q
Slide 17: Investments
Investments
Slide 18: Investments – Key figures
Investments – Key figures EUR million 1-3/2022 1-3/2021 1-12/2021 Returned capital (excl. profit) 0.2 0.5 3.5 Distribution of profits 0.5 0.7 3.2 Capital calls -0.5 -0.5 -2.6 Net cash flow 0.3 0.7 4.1 Market value 19.0 17.2 18.8 Investment commitments 8.9 7.5 7.2 Profit and loss Distribution of prof
Slide 19: eQ’s share, outlook and summary
eQ’s share, outlook and summary
Slide 20: Share price development and market cap
Share price development and market cap 35,00 30,00 25,00 20,00 15,00 10,00 5,00 eQ Oyj OMXH The Market value of eQ Plc was 1 010.6 million euro on 31 March 2022 (1 020.5 M€ 31 Dec 2021). During the period, 700 962 shares were traded on Nasdaq Helsinki (600 029 shares from 1 Jan. to 31 March 2021
Slide 21: Shareholders 31 March 2022
Shareholders 31 March 2022 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 962 605 20.09 2 Anchor Oy Ab 6 206 706 15.66 9 000 3 Chilla Capital S.A. 6 055 904 15.28 8 000 4 Teamet Oy 4 200 000 10.60 7 000 5 Oy Cevante Ab 1 419 063 3.58 6 Fazer Jan Peter 1 302 484 3.29 6 0
Slide 22: Outlook
Outlook The outlook for the financial year is still unaltered, and we expect the net revenue and operating profit of the Asset Management segment to grow from the previous year. In accordance with our disclosure policy, we do not issue profit guidance for the Corporate Finance and Investments segmen
Slide 23: Summary and next financial reporting
Summary and next financial reporting MEUR 1-3/2022 1-3/2021 Change 1-12/2021 Net revenue 21.7 18.0 20% 78.9 Operating profit 13.0 10.6 23% 47.7 Profit for the period 10.3 8.4 22% 38.1 Earnings per share (EUR) 0.26 0.22 20% 0.97 Cost income -ratio, % 40.0 41.3 -3% 39.5 Liquid assets 19.5 43.6 -55% 56