Slide 1: eQ Plc – result Q3 2021
eQ Plc – result Q3 2021 result presentation 26 October 2021
Slide 2: Reporting period highlights
Reporting period highlights Asset Management Traditional asset management: – Performances of the funds are still strong, during the period 85 % of the funds managed by eQ have surpassed their benchmark indices. – The eQ Europe Dividend Fund won the Lipper “Best Nordic Equity Income Fund” award mea
Slide 3: eQ Group – Key figures
eQ Group – Key figures MEUR 1-9/2021 1-9/2020 Change 1-12/2020 Net revenue 57.8 36.6 58% 56.7 Operating profit 35.0 19.2 82% 30.8 Profit for the period 28.0 15.4 82% 24.6 Earnings per share (EUR) 0.71 0.40 78% 0.64 Cost income -ratio, % 39.3 47.3 -17% 45.6 Liquid assets 40.7 23.0 77% 36.3 Investment
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 77,9 78,0 46,5 69,6 47,0 40,2 68,0 62,8 56,7 35,3 58,0 52,2 37,0 51,6 30,8 50.6 51.1 27,6 47.8 49.7 45.447.3 27.0 48,0 42.344.5 25.3 27,0 40.7 40.9 23.9 26,3
Slide 5: eQ Group – Balance sheet
eQ Group – Balance sheet ASSETS LIABILITIES AND EQUITY (MEUR) 9/2021 12/2020 (MEUR) 9/2021 12/2020 Liquid assets 0.0 0.0 Other liabilities 6.1 5.2 Claims on credit institutions 19.7 21.4 Accruals and deferred income 16.3 15.0 Lease liabilities 1.4 2.0 Financial assets Income tax liabilities 3.0 1.7
Slide 6: Asset Management
Asset Management
Slide 7: Asset Management – Income statement
Asset Management – Income statement MEUR 1-9/2021 1-9/2020 Change 1-12/2020 NET REVENUE 48.5 34.6 40% 52.8 Personnel expenses -15.9 -11.6 37% -17.4 Other administrative expenses -1.1 -1.0 16% -1.5 Depreciation -0.6 -0.6 1% -0.8 Other operating expenses -0.7 -0.7 -5% -1.0 OPERATING PROFIT 30.2 20.8 4
Slide 8: Asset Management – Fee income and Aum
Asset Management – Fee income and Aum MEUR 1-9/2021 1-9/2020 Change 1-12/2020 Management fees Traditional asset management 7.9 5.9 33 % 8.1 Real estate asset management 21.3 18.2 12 % 2.,6 Private equity asset management 10.3 9.1 12 % 12.5 Management fees total 39.4 34.1 16 % 46.3 Performance based
Slide 9: Asset management – Fee income, change
Asset management – Fee income, change Asset management fee income change, MEUR PE Real estate 4,0 MEUR / 43 % Traditional 5,7 MEUR / 30 % 4,1 MEUR / 60 % Total 13,9 MEUR / 40 % 9
Slide 10: Asset Management – Rolling 12 months
Asset Management – Rolling 12 months Net revenue development, rolling 12 months, MEUR Operating profit development, rolling 12 months, MEUR 66,7 41,5 61,0 37,5 56,3 34,5 52,8 32,1 47,1 45,3 46,1 44,3 28,0 41,6 26,5 27,0 40,0 25,4 38,4 37,3 23,3 35,4 36,7 33,9 34,4 21,8 20,0 20,5 30,5 18,8 19,5 29,6
Slide 11: Asset Management – Traditional AM mutual funds
Asset Management – Traditional AM mutual funds Traditional funds managed by eQ Gross returns 30 Sep 2021 Beginning of the year 3 years p.a. 5 years p.a. Morning- Fund Return Diff. Comparison Return Diff. Comparison Return Diff. Comparison star Fixed Income Funds eQ Euro Short Term -0,27 % -0,18 % -0
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: 9 years, vacancy 2% Avg. lease maturity: 5 year
Slide 13: Asset Management – Private Equity
Asset Management – Private Equity Private equity and private credit funds – AUM EUR 2.1 bn PE AM programmes – AUM EUR 1.0 bn Vintage Fund Size Stage Investors Manages private equity operations of clients 2021 Venture Capital 50-100 MUSD To be established n/a 2021 eQ PE XIII US 315 MUSD Investing 94
Slide 14: Corporate Finance
Corporate Finance
Slide 15: Corporate Finance
Corporate Finance Advium Corporate Finance Leading Finnish Corporate Finance advisor Over 200 transactions with value of approx. EUR 20 billion 16 professionals with experience from Corporate Finance, Private Equity and Real Estate transactions Mergers & acquisitions Real estate transactions L
Slide 16: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity capital markets Real estate transactions 16
Slide 17: Corporate Finance – Key figures
Corporate Finance – Key figures Net revenue development, rolling 12 months, MEUR Operating profit development, rolling 12 months, MEUR 9,7 5,0 9,1 9,1 4,6 4,5 7,9 7,7 7,7 3,7 3,6 7,0 7,1 7,1 3,6 6,8 6,9 3,4 6,3 6,2 3,2 3,3 3,2 3,2 5,9 2,9 5,2 5,4 5,3 5,3 2,7 5,0 2,6 4,8 4,8 4,7 4,8 4,5 4,5 4,6 4,2 4
Slide 18: Investments
Investments
Slide 19: Investments – Key figures
Investments – Key figures EUR million 1-9/2021 1-9/2020 1-12/2020 Returned capital (excl. profit) 3.3 0.7 1.8 Distribution of profits 2.2 0.1 0.3 Capital calls 1.8 -1.0 -1.6 Net cash flow 3.7 -0.2 0.6 Market value 17.6 15.8 15.7 Investment commitments 7.1 7.7 7.1 Profit and loss Distribution of prof
Slide 20: eQ’s share, outlook and summary
eQ’s share, outlook and summary
Slide 21: 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 0,00 eQ Oyj OMXH The Market value of eQ Plc was 1 020.5 million euro on 30 September 2021 (651.1 M€ 31 Dec 2020). During the reporting period, 1 617 094 shares were traded on Nasdaq Helsinki (2 189 395 shares from 1
Slide 22: Shareholders 30 September 2021
Shareholders 30 September 2021 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 947 757 20,05 9 000 2 Anchor Oy Ab 6 058 963 15,29 3 Chilla Capital S.A. 6 049 894 15,27 8 000 4 Teamet Oy 4 200 000 10,60 7 000 5 Oy Cevante Ab 1 419 063 3,58 6 000 6 Fazer Jan Peter 1 298 30
Slide 23: Outlook
Outlook The strong market development during the first nine months supports eQ’s business operations. 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. 23
Slide 24: Summary and next financial reporting
Summary and next financial reporting MEUR 1-9/2021 1-9/2020 Change 1-12/2020 Net revenue 57.8 36.6 58% 56.7 Operating profit 35.0 19.2 82% 30.8 Profit for the period 28.0 15.4 82% 24.6 Earnings per share (EUR) 0.71 0.40 78% 0.64 Cost income -ratio, % 39.3 47.3 -17% 45.6 Liquid assets 40.7 23.0 77% 3