Equita Group Spa · MIL:EQUI
Equita Group Spa — Q1 2021 Earnings Presentation
13 slides from Equita Group Spa's earnings presentation, May 2021
Slide 1: First Quarter 2021 Results
FIRST QUARTER 2021 RESULTS May 2021 THE EXPERTS OF FINANCIAL MARKETS
Slide 2: Index
Index Q1’21 RESULTS (KEY FINANCIALS)
Slide 3: Snapshot on First Quarter 2021 Consolidated Results
SNAPSHOT ON FIRST QUARTER 2021 CONSOLIDATED RESULTS KEY CONSOLIDATED HIGHLIGHTS €20.3m €4.5m 18% 31% €1.0bn (+57% vs Q1’20) (+137% vs Q1’20) (as of 31 March 2021) (as of 31 March 2021) (+3% vs FY’20) Net Net Profits Total Return on Assets under Revenues (post minorities) Capital Ratio Tangible Equit
Slide 4: Global Markets
GLOBAL MARKETS NET REVENUES (€M) 37,1 Client Sales & Trading 33,7 Business Client Driven & Market Making 30,6 30,5 29,9 31,6 Directional Trading 25,8 21,8 +38% 20,8 21,6 24,4 21,4 12,5 9,1 Directional Trading back 4,3 6,1 to its profitable path 4,4 11,6 6,7 3,1 5,5 8,0 3,6 7,0 (1,2) 2,8 3,1 5,3 3,0
Slide 5: Investment Banking
INVESTMENT BANKING NET REVENUES (€M) RECENT TRANSACTIONS (YTD MAY’21) o/w €4.7m Equita K Finance 28,0 26,1 Capital Increase (€43m) Placement of Senior Unsecured Notes (€130m) JOINT GLOBAL COORDINATOR AND 19,6 20,2 BOOKRUNNER PLACEMENT AGENT 18,2 15,9 +55% 2021 2021 6,1 4,0 Placement of Senior FY'15
Slide 6: Alternative Asset Management
ALTERNATIVE ASSET MANAGEMENT NET REVENUES (€M) ASSET UNDER MANAGEMENT (€M) Private Debt SPAC Blueglen Management fees PM 8,6 Q1’20 Net Revenues impacted by the Performance fees PM 980 1.019 944 974 6,5 mark-to-market of 39 49 100 3,7 BETR investment 150 200 232 1,8 654 100 3,7 150 3,2 n.a. 100 2,1 2
Slide 7: Profit & Loss and Focus on Costs
PROFIT & LOSS AND FOCUS ON COSTS DISCIPLINED APPROACH ON COSTS AND STRONG PROFITABILITY CONFIRMED SUMMARY OF CONSOLIDATED FIGURES Profit & Loss Q1 Q1 Var FY Focus on Costs €m 2021 2020 % 2020 Equita Group (Consolidated) Q1 Q1 €m 2021 2020 Var. % Net Revenues 20,3 12,9 57% 68,2 Personnel costs (1) (9
Slide 8: Dividend Approval and Guidelines for the Future
DIVIDEND APPROVAL AND GUIDELINES FOR THE FUTURE DIVIDEND ON THE HIGH-END OF THE GUIDANCE PROVIDED IN SEPTEMBER 2020 75% +5% vs €0.19 Pay-out DPS 2019 €9.2m €0.20 €0.10 Paid out in May 2021 Shareholders’ Dividend Remunerations per Share €0.10 To be paid out in November 2021 €12.3m FY’20 Net Profits (
Slide 9: Index: Annex
Index ANNEX
Slide 10: Road to 2022: Top Priorities and Targets
ROAD TO 2022: TOP PRIORITIES AND TARGETS (PLAN APPROVED IN NOVEMBER 2019) TOP 5 PRIORITIES KEY TARGETS FROM 2020-2022 STRATEGIC PLAN (@2022) GM €30m-34m Revenue Generation and Net Revenues 1 IB €30m-34m Diversification €75m AAM €8m-12m Cost Discipline and -500 bps in Cost/income 2 Focus on Profitabi
Slide 11: Resilient and Profitable Performance Thanks to Diversification
RESILIENT AND PROFITABLE PERFORMANCE THANKS TO DIVERSIFICATION NET REVENUES (€M) +6% CAGR ‘09-’20 in Net Revenues over the last 12 years 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Global Markets Investment Banking Alternative Asset Management NET PROFITS (€M) Always profitable, with
Slide 12: Balance Sheet and Total Capital Ratio
BALANCE SHEET AND TOTAL CAPITAL RATIO LIGHT BALANCE SHEET AND HEALTHY CAPITAL STRUCTURE, WITH TOTAL CAPITAL RATIO WELL ABOVE REQUIREMENTS Equita Group (Consolidated) € m Q1’21 FY’20 H1’20 Q1’20 FY'19 9M'19 Cash & cash equivalents 0,0 0,0 0,0 0,0 0,0 0,0 Assets at FV to P&L & Equity investments 74,9
Slide 13: Equita Group
EQUITA GROUP Via Turati, No. 9 | Milan | 20121 Tel. +39 02 6204.1 | Fax +39 02 29001208/1202 info@equita.eu | www.equita.eu GLOBAL MARKETS | INVESTMENT BANKING | ALTERNATIVE ASSET MANAGEMENT | RICERCA