Slide 1: Sustainable together property capital
sustainable together property capital →
Slide 2: Today's presenters
Catella | Interim Report January — March 2024 Today's presenters ] 4 ! Christoffer Abramson Michel Fischier CEO and President CFO.
Slide 3: Leading European group in property and alternative investments
Catella | Interim Report January — March 2024 Leading European group in property and alternative investments Regulated fund products, Catella Grou 1k between property and cap! he sustainable PRINCIPAL INVESTMENTS CORPORATE FINANCE Direct investments and co-investments with partners in real estate Pr
Slide 4: European quarterly transaction volumes
vOOU/E €202/7I €207/6 €202/9 €COT/E WOU/7 1207/6 7202/9 TeOese Ieov/tl \z07/6 1202/9 Izoz/e iarazal 0702/6 0202/9 ozoz/e — = 6100/71 6107/6 6102/9 6102/E B10t/TI 8107/6 8107/9 B10Z/E L100/T1 L100/6 L102/9 L102/€ 9102/21 910C/6 9102/9 910z/€ s1oz/z1 S10C/6 6102/9 S10z/€ yl0t/Z1 vl0t/6 vl0t/9 blOes/e
Slide 5: Key highlights — Q1 2024
Catella | Interim Report January — March 2024 Key highlights — Q1 2024 SS | VESTHENT MANAGE * Soft launch of new products developed for different market conditions = Cost reductions = Continued strong balance sheet supporting opportunistic investments = Aquila Group integration performing well. Seed
Slide 6: Key financial highlights - Q1 2024
Catella | Interim Report January — March 2024 Key financial highlights - Q| 2024 rn Total revenue SEK 424 M (SEK 468 M) EBIT SEK 4 M (SEK 2M) EBIT margin | % x) Earnings per share SEK 0 2 ec (0,09 kr) 2024.02.09 AUM, EBIT-margin LTM, % SEK bn 1 _ 35% 160 30% 150 140 2% 130 20% 120 15% 110 10% 100 %
Slide 7: Investment Management
Investment Management
Slide 8: Flat AUM development in a continued challenging market
Catella | Interim Report January — March 2024 Flat AUM development in a continued challenging market AUM Total revenue LTM {TM AUM, SEK B , n (SEK Bn) (SEK M) 160 1500 Po 7 140 1300 104 || 140,6 || 120 1100 100 900 80 700 Q1-23 Inflows Aquila Currency effects Valuation Outflows Acquisition 60 500 Q4
Slide 9: Solid fixed fees and lower OPEX behind stable EBIT
Catella | Interim Report January — March 2024 Solid fixed fees and lower OPEX behind stable EBIT ~ SEKM QI 2024 QI 2023 Change, % ” Property Funds” 195 208 6% 400 Asset Management” 72 62 17% 350 Other 7 0 > 100% 300 Total revenue 245 249 -2% Thereof fixed fee revenue 215 219 2% 20 Assignment expense
Slide 10: Principal Investments
Principal Investments
Slide 11: Continued progress in current investment projects
Catella | Interim Report January — March 2024 Continued progress in current projects 8 investment projects Invested equity, project IRR, and targets Denmark (Direct Investmen’ Current status Long term Target + Residential, "Kaktus”, Copenhagen Catella invested 1.4 15 rman lla Proj ital equity (SEK B
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Slide 13: Sales and results of operations
Catella | Interim Report January — March 2024 Sales and results of operations Se meme Total revere cM) REVENUE SPLIT PER COUNTRY Q1 KEY TAKE-AWAYS = Continued weak market 350 800 | a FN es a France * European transaction volumes 200 500 = Sweden down by 26% YoY 400 ‘ 150 300 Finland " Corporate Fina
Slide 14: Financials
Financials
Slide 15: Financial summary
Catella | Interim Report January — March 2024 Financial summary Investment Principal Corporate Other & KEY TAKE-AWAYS Management _ Investments Finance Eliminations Cire * Slightly improved EBIT despite SEK SEK M Ql Ql Qi al Qi Qi Qi Qi QI QI 44M drop in revenue achieved 2024 2023 2024 2023 2024 2023
Slide 16: Efficient balance sheet and strong equity position
Catella | Interim Report January — March 2024 Efficient balance sheet and strong equity position. Debt mainly related to Principal Investments, valued at cost Total Assets Key take-aways + Efficient balance sheet and strong equity position with no short-term refinancing needs and sufficient liquidit
Slide 17: Summary and key take-aways
Summary and key take-aways
Slide 18: Summary and key take-aways
Catella | Interim Report January — March 2024 Summary and key take-aways Lower variable revenue and valuation decreases affecting the quarter Last development project stemming from the divested Infrahubs platform sold. Agreement to sell large French asset entered after Q| wv Restructuring for an eve
Slide 19: Thank you
Thank you
Slide 20: Investor Relations
Catella | Interim Report January — March 2024 Investor Relations Most recent equity research Largest shareholders 2023-03-31 Capital Votes Date Institution Recommendation TP Claesson & Anderzén 49,4% 49,2% 2024-04-29 ABGSC - - Alcur Fonder 6,9% 6,3% 2024-04-12. DNB Buy SEK 35 Symmetry Invest 45% 4,1