Slide 1: 9M'22 Results - Investors Presentation
9M’22 RESULTS - INVESTORS PRESENTATION (30 NOVEMBER 2022)
Slide 2: Company Snapshot
Equita, the leading independent Investment Bank in Italy COMPANY SNAPSHOT IR EQUITA – 9M’22 RESULTS | 2
Slide 3: Diversification, Unique Positioning and Strong Track-Record
Equita, the leading independent Investment Bank in Italy DIVERSIFICATION, UNIQUE POSITIONING AND STRONG TRACK-RECORD Global Markets & Research Investment Banking Alternative Asset Management ▪ The largest independent trading floor in Italy and ▪ Among the leading teams in Italy in ECM, and top ▪ A u
Slide 4: Rewarding Shareholders' Remuneration Since IPO
Equita, the leading independent Investment Bank in Italy REWARDING SHAREHOLDERS’ REMUNERATION SINCE IPO Positive performance in terms of Total Shareholders Return (TSR) compared to peers and main Italian FTSE indices, and credible track-record in terms of rewarding dividend returns Of which 53% retu
Slide 5: Update on Key Initiatives and Developments of 2022
Equita, the leading independent Investment Bank in Italy UPDATE ON KEY INITIATIVES AND DEVELOPMENTS OF 2022 IR EQUITA – 9M’22 RESULTS | 5
Slide 6: Summary of Key, Recent Developments
Equita, the leading independent Investment Bank in Italy SUMMARY OF KEY, RECENT DEVELOPMENTS Initiatives and Key Achievements 2024 targets involved ▪ Best independent broker in Italy, with top Institutional Revenues generation Consolidation of leadership in Global Investor rankings in Mid & Small Ca
Slide 7: Leadership in Research and Sales & Trading Confirmed
Equita, the leading independent Investment Bank in Italy LEADERSHIP IN RESEARCH AND SALES & TRADING CONFIRMED #1 among Italian 1° independent brokers Research Team Research on Small & Mid-Caps Overall ranking of Brokers 2° 2° 2° 1° 1° 1° #1 by in Italy (2022) (1) number of vote (votes obtained by Eq
Slide 8: Diversification and Growth in Investment Banking
Equita, the leading independent Investment Bank in Italy DIVERSIFICATION AND GROWTH IN INVESTMENT BANKING Expanding the reach of the Increasing standing Investment Banking team in Italy of the «Equita» brand North-East ▪ Recognised as trusted and qualified financial advisor in both Milan mid-sized t
Slide 9: Focus on Growing Illiquid, Alternative Assets
Equita, the leading independent Investment Bank in Italy FOCUS ON GROWING ILLIQUID, ALTERNATIVE ASSETS Equita Private Debt Equita Smart Capital Other strategic Fund II ELTIF initiatives ▪ Second private debt fund managed by ▪ First private equity (alternative PIR) (1) Equita Capital SGR fund investi
Slide 10: Incentive Plan Tied to Shareholders' Remuneration
Equita, the leading independent Investment Bank in Italy INCENTIVE PLAN TIED TO SHAREHOLDERS’ REMUNERATION In April 2022, the Shareholders’ Meeting approved two new incentive plans, one of which addressed to the Top Management and based on phantom shares. Awards are subject to both a minimum Total S
Slide 11: Strengthened Shareholding Structure
Equita, the leading independent Investment Bank in Italy STRENGTHENED SHAREHOLDING STRUCTURE In May 2022 a number of families, entrepreneurs and institutions have entered the share capital of the Company with a 12% minority stake. Today, the ownership structure of Equita is a well-balanced ”ecosyste
Slide 12: A New Sustainable Finance Team to Address Client Needs
Equita, the leading independent Investment Bank in Italy A NEW SUSTAINABLE FINANCE TEAM TO ADDRESS CLIENT NEEDS Over the years Equita has been able to develop significant expertise in sustainable finance: dialogue with investors, advisory in sustainability-linked issues and ESG research reports on l
Slide 13: Ongoing Commitment on ESG Initiatives
Equita, the leading independent Investment Bank in Italy ONGOING COMMITMENT ON ESG INITIATIVES Equita is a credible partner from different standpoints: the strong commitment toward sustainability has led the Group to continuously invest in projects and partnerships aimed to promote financial educati
Slide 14: 9M'22 Financial Performance
Equita, the leading independent Investment Bank in Italy 9M’22 FINANCIAL PERFORMANCE IR EQUITA – 9M’22 RESULTS | 14
Slide 15: Snapshot on 9M'22 Consolidated Results
Equita, the leading independent Investment Bank in Italy SNAPSHOT ON 9M’22 CONSOLIDATED RESULTS Results as of 30 September 2022 represent the best 9M-period since IPO in terms of Net Revenues and Net Profits pre minorities. Diversification of revenues has allowed the Group to record a resilient perf
Slide 16: Resilient Performance in All Business Divisions
Equita, the leading independent Investment Bank in Italy RESILIENT PERFORMANCE IN ALL BUSINESS DIVISIONS FY 2017-2021 Net Revenues 9M Net Revenues and comments €6.7m Directional Trading in 9M’21, the +7% +21% (CAGR ’17-’21) (Var ’20-’21) strongest performance since IPO and ▪ Business with clients (e
Slide 17: Disciplined Approach on Costs
Equita, the leading independent Investment Bank in Italy DISCIPLINED APPROACH ON COSTS… Var % 9M (€ mln) 2019 2020 2021 9M’21 9M’22 ‘22 vs ’21 (€ mln) 9M’21 9M’22 Var % Client-related 55.8 67.2 83.5 54.0 61.9 15% (S&T, CD&MM, IB…) Non-client related 2.0 0.4 6.4 6.7 1.7 (74%) Personnel costs (28.9) (
Slide 18: Coupled with a Strong Balance Sheet
Equita, the leading independent Investment Bank in Italy … COUPLED WITH A STRONG BALANCE SHEET (€ mln) 9M’22 H1’22 Q1’22 2021 2020 2019 Cash & Cash equivalents 111.2 125.3 184.6 136.1 117.2 106.8 Financial assets at fair value with impact on P&L 80.9 79.6 52.7 49.2 43.8 74.2 Financial assets at amor
Slide 19: Outlook 2022 & Closing Remarks
Equita, the leading independent Investment Bank in Italy OUTLOOK 2022 & CLOSING REMARKS IR EQUITA – 9M’22 RESULTS | 19
Slide 20: Outlook 2022 and Dividend Proposal
Equita, the leading independent Investment Bank in Italy OUTLOOK 2022 AND DIVIDEND PROPOSAL On the back of the resilient performance recorded in 9M’22 and considering expectations on Q4’22, the 2022 divided proposal of €0.35 per share should be achievable without distributing any resource set aside
Slide 21: Resilient and Profitable Performance
Equita, the leading independent Investment Bank in Italy RESILIENT AND PROFITABLE PERFORMANCE Since 2008, Equita has been able to significantly diversify its offer, contributing to a more resilient business model, also in difficult market frameworks (crisis of sovereign bonds, Brexit, MiFid II, Covi
Slide 22: Road to 2024: Top Priorities and Targets
Equita, the leading independent Investment Bank in Italy ROAD TO 2024: TOP PRIORITIES AND TARGETS Revenues Net Revenues > €110m in 2024E generation Financial targets to be Revenues breakdown in 2024E achieved organically as Business well as via pro-active ≈35-40% Global Markets / ≈40-45% Investment
Slide 23: Appendix – Company Overview
Equita, the leading independent Investment Bank in Italy APPENDIX – COMPANY OVERVIEW IR EQUITA – 9M’22 RESULTS | 23
Slide 24: Equita in Summary
Equita, the leading independent Investment Bank in Italy EQUITA IN SUMMARY 1 An independent investment bank with unparalleled access to Italian and international capital markets Committed and entrepreneurial management team, with significant expertise in the sector and a long- 2 lasting career withi
Slide 25: The Leading Independent Investment Bank in Italy
Equita, the leading independent Investment Bank in Italy #1 #1 #1 The leading independent Indipendent Research on ECM franchise in Italy Investment bank in Italy broker in Italy (1) Italian Mid & Small Caps companies (2) by number of deals with €7.0bn raised in 2021 (3) We are the best partner for i
Slide 26: Group Structure
Equita, the leading independent Investment investment bank Bank in Italy GROUP STRUCTURE A sound, diversified, listed company, who wants to keep growing Management Treasury Free Float / and employees shares Market Today Equita means reliability and soundness: ≈ 38% ≈ 8% ≈ 54% a team of more than 180
Slide 27: Long Tradition of Independent Investment Banking
Equita, the leading independent Investment Bank in Italy LONG TRADITION OF INDEPENDENT INVESTMENT BANKING Equita was founded in 1973 as one of the first independent Italian merchant banks. Over the years, Equita has been part of several commercial banking groups. This has allowed the company to grow
Slide 28: Four Business Divisions Focused on Clients' Needs
Equita, the leading independent Investment Bank in Italy FOUR BUSINESS DIVISIONS FOCUSED ON CLIENTS’ NEEDS Four highly synergic divisions, providing 360-degrees service to clients Global Markets ≈€55bn 500+ 1,300+ volumes institutional financial We are the leading independent broker in Italy. We sha
Slide 29: Leading Positioning in All Business Areas
Equita, the leading independent Investment Bank in Italy LEADING POSITIONING IN ALL BUSINESS AREAS At the top of international rankings in the Italian market, in all business areas covered by the Group Global Markets ≈8% ≈8% ≈8% Cash Equity Fixed Income Equity Options 1° (1) 2° (1) 1° (1) market sha
Slide 30: Appendix – Business Plan 2022-2024
Equita, the leading independent Investment Bank in Italy APPENDIX – BUSINESS PLAN 2022-2024 IR EQUITA – 9M’22 RESULTS | 30
Slide 31: Road to 2024: Top Priorities and Targets
Equita, the leading independent Investment Bank in Italy ROAD TO 2024: TOP PRIORITIES AND TARGETS Revenues Net Revenues > €110m in 2024E generation Financial targets to be Revenues breakdown in 2024E achieved organically as Business well as via pro-active ≈35-40% Global Markets / ≈40-45% Investment
Slide 32: Focus on ESG Targets
Equita, the leading independent Investment Bank in Italy FOCUS ON ESG TARGETS Correctness and reliability during the relationship; increase cyber Increase customer and financial community 1 security; strengthen clients’ confidence in how the company satisfaction operates; implement sustainability in
Slide 33: 1. Revenues Generation
Equita, the leading independent Investment Bank in Italy 1. REVENUES GENERATION Global Markets & Investment Alternative Research Banking Asset Management Confirm the role as leading independent Consolidate our position as the leading Strengthen our position as one of the main broker in Italy (#1 wit
Slide 34: 2. Business Diversification, 3. Discipline on Costs, 4. Increase in Net Profits
Equita, the leading independent Investment Bank in Italy 2. BUSINESS DIVERSIFICATION 12% ≈35-40% Global Markets Global Markets 45% ≈40-45% Investment Banking FY’21 Investment Banking FY’24E Alt. Asset Management 43% ≈15-20% Alt. Asset Management 3. DISCIPLINE ON COSTS 4. INCREASE IN NET PROFITS Lowe
Slide 35: 5. Rewarding Shareholders Remuneration
Equita, the leading independent Investment Bank in Italy 5. REWARDING SHAREHOLDERS REMUNERATION Shareholders’ remuneration will continue to be a top priority. Over the plan, Equita targets to distribute more than €50m dividends. Such commitment is affordable considering the 2022E-2024E expected net
Slide 36: Via Turati, 9, Milan
Via Turati, 9, Milan, 20121 Tel. +39 02 6204.1 info@equita.eu – www.equita.eu